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DISCONTINUED OPERATIONS: (Tables)
6 Months Ended
Dec. 31, 2012
DISCONTINUED OPERATIONS:  
Summarized assets and liabilities of discontinued hair restoration service operations

 

 

 

December 31, 2012

 

June 30, 2012

 

 

 

(Dollars in thousands)

 

Current assets held for sale

 

 

 

 

 

Receivables, net

 

$

2,504

 

$

2,624

 

Inventories

 

7,276

 

6,165

 

Deferred income taxes

 

3,229

 

2,892

 

Other current assets

 

3,807

 

5,319

 

Total current assets held for sale

 

16,816

 

17,000

 

 

 

 

 

 

 

Property and equipment, net

 

22,261

 

17,261

 

Goodwill

 

74,377

 

74,376

 

Other intangibles, net

 

78,132

 

78,395

 

Investment in affiliates

 

5,189

 

5,189

 

Total long-term assets held for sale

 

179,959

 

175,221

 

 

 

 

 

 

 

Total assets held for sale

 

$

196,775

 

$

192,221

 

 

 

 

 

 

 

Current liabilities related to assets held for sale

 

 

 

 

 

Accounts payable

 

$

3,173

 

$

2,564

 

Accrued expenses

 

13,365

 

15,556

 

Total current liabilities related to assets held for sale

 

16,538

 

18,120

 

 

 

 

 

 

 

Long-term liabilities related to assets held for sale

 

28,781

 

28,007

 

 

 

 

 

 

 

Total liabilities related to assets held for sale

 

$

45,319

 

$

46,127

 

 

Schedule of the results of operations of discontinued Hair Club operations

 

 

 

For the Periods Ended December 31,

 

 

 

Three Months

 

Six Months

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(Dollars in thousands)

 

Revenues

 

$

38,230

 

$

37,140

 

$

77,180

 

$

74,543

 

Income (loss) from discontinued operations, before income taxes

 

5,994

 

(73,545

)

11,866

 

(69,479

)

Income tax (provision) benefit on discontinued operations

 

(2,378

)

3,996

 

(4,676

)

2,482

 

Equity in income of affiliated companies, net of tax

 

237

 

222

 

440

 

384

 

Income (loss) from discontinued operations, net of income taxes

 

$

3,853

 

$

(69,327

)

$

7,630

 

$

(66,613

)