GOODWILL AND OTHER INTANGIBLES:

9 Months Ended

Mar. 31, 2013

8. GOODWILL AND OTHER INTANGIBLES:

The table below contains details related to the Company’s recorded goodwill as of March 31, 2013 and June 30, 2012:

	March 31, 2013							June 30, 2012
	Gross							Gross
	Carrying Value		Accumulated Impairment (1)			Net (2)		Carrying Value		Accumulated Impairment (1)			Net (2)
	(Dollars in thousands)
Goodwill	$	759,181	$	(296,848	)	$	462,333	$	759,127	$	(296,848	)	$	462,279

(1) The table below contains additional information regarding the Company’s $296.8 million accumulated impairment losses:

Fiscal Year	Impairment Charge		Reporting Unit
	(Dollars in thousands)
2009	$	41,661	International
2009	78,126		Trade Secret
2010	35,277		Regis
2011	74,100		Promenade
2012	67,684		Regis
2013 (through 3.31.13)	N/A		N/A
Total	$	296,848

(2) Remaining net goodwill at March 31, 2013 and June 30, 2012 relates to the Company’s North American operations.

The table below presents other intangible assets as of March 31, 2013 and June 30, 2012:

	March 31, 2013							June 30, 2012
			Accumulated							Accumulated
	Cost		Amortization (1)			Net		Cost		Amortization (1)			Net
	(Dollars in thousands)
Amortized intangible assets:
Brand assets and trade names	$	9,501	$	(3,208	)	$	6,293	$	9,494	$	(2,960	)	$	6,534
Franchise agreements	11,406		(6,859		)	4,547		11,398		(6,494		)	4,904
Lease intangibles	14,782		(6,411		)	8,371		14,796		(5,862		)	8,934
Non-compete agreements	207		(143		)	64		207		(117		)	90
Other	4,597		(1,718		)	2,879		4,533		(1,600		)	2,933
	$	40,493	$	(18,339	)	$	22,154	$	40,428	$	(17,033	)	$	23,395

(1) Balance sheet accounts are converted at the applicable exchange rates effective as of the reported balance sheet dates, while income statement accounts are converted at the average exchange rates for the year-to-date periods presented.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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