FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2012

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities measured at fair value on a recurring basis

			Fair Value Measurements Using Inputs Considered as
	Fair Value at June 30, 2012
			Level 1		Level 2		Level 3
			(Dollars in thousands)
ASSETS
Current assets
Derivative instruments	$	145	$	—	$	145	$	—
Noncurrent assets
Equity call option—Roosters		117		—		—		117
LIABILITIES
Noncurrent liabilities
Equity put option—Provalliance	$	633	$	—	$	—	$	633
Equity put option—Roosters		161		—		—		161

			Fair Value Measurements Using Inputs Considered as
	Fair Value at June 30, 2011
			Level 1		Level 2		Level 3
			(Dollars in thousands)
ASSETS
Current assets
Derivative instruments	$	212	$	—	$	212	$	—
LIABILITIES
Current liabilities
Derivative instruments	$	599	$	—	$	599	$	—
Noncurrent liabilities
Equity put option—Provalliance	$	22,700	$	—	$	—	$	22,700

Schedule of changes in Level 3 financial instruments measured at fair value on a recurring basis

	Changes in Financial Instruments Measured at Level 3 Fair Value Classified as
	Roosters Equity Call Option		Roosters Equity Put Option		Provalliance Equity Put Option
	(Dollars in thousands)
Balance at July 1, 2011	$	—	$	—	$	22,700
Total realized and unrealized gains (losses):
Included in other comprehensive (loss) income		—		—		(1,845	)
Issuances		—		161		—
Purchases		117		—		—
Included in equity in (loss) income of affiliated companies		—		—		(20,222	)
Balance at June 30, 2012	$	117	$	161	$	633

	Changes in Financial Instruments Measured at Level 3 Fair Value Classified as
	Preferred Shares			Provalliance Equity Put Option
	(Dollars in thousands)
Balance at July 1, 2010	$	3,502		$	22,009
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)		433			3,847
Included in equity in (loss) income of affiliated companies		—			(2,442	)
Transfer out of Level 3		—			(714	)
Other than temporary impairment		(3,935	)		—
Balance at June 30, 2011	$	—		$	22,700

Schedule of assets and liabilities measured at fair value on a nonrecurring basis

	June 30, 2012		Level 1		Level 2		Level 3		Total Losses
	(Dollars in thousands)
Assets
Goodwill—Regis(1)	$	35,083	$	—	$	—	$	35,083	$	(67,684	)
Goodwill—Hair Restoration Centers(2)		74,376		—		—		74,376		(78,426	)
Investment in affiliates—EEG(3)		59,683		—		—		59,683		(19,426	)
Investment in affiliates—Provalliance(4)		101,304		—		—		101,304		(37,383	)
Total	$	270,446	$	—	$	—	$	270,446	$	(202,919	)

(1)

Goodwill of the Regis salon concept with a carrying value of $102.8 million was written down to its implied fair value, resulting in an impairment charge of $67.7 million, which was recorded during fiscal year 2012. See Note 1 to the Consolidated Financial Statements for further information.

(2)

Goodwill of the Hair Restoration Centers reporting unit with a carrying value of $152.8 million was written down to its implied fair value of $74.4 million, resulting in an impairment charge of $78.4 million. See Note 1 to the Consolidated Financial Statements for further information.

(3)

The Company's investment in EEG with a carrying value of $79.1 million was written down to its implied fair value of $59.7 million, resulting in an impairment charge of $19.4 million. See Note 6 to the Consolidated Financial Statements for further information.

(4)

The Company's investment in Provalliance was written down to its implied fair value, resulting in an impairment charge of $37.4 million. See Note 6 to the Consolidated Financial Statements for further information.

	June 30, 2011		Level 1		Level 2		Level 3		Total Losses
	(Dollars in thousands)
Assets
Goodwill—Promenade(1)	$	240,910	$	—	$	—	$	240,910	$	(74,100	)
Total	$	240,910	$	—	$	—	$	240,910	$	(74,100	)

(1)

Goodwill of the Promenade salon concept with a carrying value of $315.0 million was written down to its implied fair value, resulting in an impairment charge of $74.1 million, which was recorded during fiscal year 2011. The Company recorded $0.3 million of translation rate adjustments during the fourth quarter of fiscal year 2011 on the Promenade salon concept goodwill balance.