Separate Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Sep. 30, 2019

Guarantor And Non Guarantor Condensed Consolidated Financial Statements [Abstract]

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

September 30, 2019

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Assets
Cash and cash equivalents	$	—		$	10	$	41,009		$	30,476	$	—		$	71,495
Trade and other accounts    receivable, net		—			—		65,746			38,793		—			104,539
Due from affiliates		—			—		2,878,072			—		(2,878,072	)		—
Inventory		—			—		722,830			230,077		—			952,907
Other current assets		1,436			132		22,480			10,564		—			34,612
Property and equipment, net		6			—		258,132			61,490		—			319,628
Investment in subsidiaries		1,621,843			4,374,334		385,629			—		(6,381,806	)		—
Goodwill and other intangible    assets, net		—			—		452,645			140,192		—			592,837
Other assets		1,446			3,499		(581	)		18,064		—			22,428
Total assets	$	1,624,731		$	4,377,975	$	4,825,962		$	529,656	$	(9,259,878	)	$	2,098,446
Liabilities and Stockholders’ (Deficit)    Equity
Accounts payable	$	48		$	—	$	235,940		$	42,700	$	—		$	278,688
Due to affiliates		1,672,322			1,142,324		—			63,426		(2,878,072	)		—
Accrued liabilities		188			17,937		121,375			29,554		—			169,054
Income taxes payable		6,055			2,161		1			119		—			8,336
Long-term debt		—			1,593,710		1			832		—			1,594,543
Other liabilities		6,441			—		17,639			3,677		—			27,757
Deferred income tax liabilities, net		—			—		76,672			3,719		—			80,391
Total liabilities		1,685,054			2,756,132		451,628			144,027		(2,878,072	)		2,158,769
Total stockholders’ (deficit) equity		(60,323	)		1,621,843		4,374,334			385,629		(6,381,806	)		(60,323	)
Total liabilities and stockholders’     (deficit) equity	$	1,624,731		$	4,377,975	$	4,825,962		$	529,656	$	(9,259,878	)	$	2,098,446

Condensed Consolidating Balance Sheet

September 30, 2018

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Assets
Cash and cash equivalents	$	—		$	10	$	29,050		$	48,235	$	—		$	77,295
Trade and other accounts    receivable, net		4			—		53,295			37,191		—			90,490
Due from affiliates		—			—		2,598,681			—		(2,598,681	)		—
Inventory		—			—		714,000			230,338		—			944,338
Other current assets		2,010			111		27,422			13,417		—			42,960
Property and equipment, net		8			—		232,941			75,408		—			308,357
Investment in subsidiaries		1,368,927			4,044,669		380,166			—		(5,793,762	)		—
Goodwill and other intangible    assets, net		—			—		459,348			149,275		—			608,623
Other assets		1,325			10,242		(4,797	)		18,581		—			25,351
Total assets	$	1,372,274		$	4,055,032	$	4,490,106		$	572,445	$	(8,392,443	)	$	2,097,414
Liabilities and Stockholders’ (Deficit)    Equity
Accounts payable	$	38		$	—	$	233,936		$	69,267	$	—		$	303,241
Due to affiliates		1,629,411			888,141		—			81,129		(2,598,681	)		—
Accrued liabilities		234			23,019		125,179			31,855		—			180,287
Income taxes payable		585			1,519		—			40		—			2,144
Long-term debt		—			1,773,426		1			882		—			1,774,309
Other liabilities		10,562			—		15,250			4,210		—			30,022
Deferred income tax liabilities, net		—			—		71,071			4,896		—			75,967
Total liabilities		1,640,830			2,686,105		445,437			192,279		(2,598,681	)		2,365,970
Total stockholders’ (deficit) equity		(268,556	)		1,368,927		4,044,669			380,166		(5,793,762	)		(268,556	)
Total liabilities and stockholders’    (deficit) equity	$	1,372,274		$	4,055,032	$	4,490,106		$	572,445	$	(8,392,443	)	$	2,097,414

Schedule of Condensed Consolidating Statement of Earnings and Comprehensive Income

Condensed Consolidating Statement of Earnings and Comprehensive Income

Fiscal Year Ended September 30, 2019

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Net sales	$	—		$	—		$	3,131,360		$	745,051		$	—		$	3,876,411
Related party sales		—			—			2,201			—			(2,201	)		—
Cost of goods sold		—			—			1,568,663			399,407			(2,201	)		1,965,869
Gross profit		—			—			1,564,898			345,644			—			1,910,542
Selling, general and administrative     expenses		11,331			607			1,135,926			304,887			—			1,452,751
Restructuring		—			—			(682	)		—			—			(682	)
Operating earnings (loss)		(11,331	)		(607	)		429,654			40,757			—			458,473
Interest expense (income)		—			96,464			5			(160	)		—			96,309
Earnings (loss) before provision for    income taxes		(11,331	)		(97,071	)		429,649			40,917			—			362,164
Provision (benefit) for income taxes		(2,742	)		(24,888	)		109,230			8,941			—			90,541
Equity in earnings of subsidiaries,     net of tax		280,212			352,395			31,976			—			(664,583	)		—
Net earnings		271,623			280,212			352,395			31,976			(664,583	)		271,623
Other comprehensive loss, net of tax		—			(4,566	)		—			(22,730	)		—			(27,296	)
Total comprehensive income (loss)	$	271,623		$	275,646		$	352,395		$	9,246		$	(664,583	)	$	244,327

Condensed Consolidating Statement of Earnings and Comprehensive Income

Fiscal Year Ended September 30, 2018

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Net sales	$	—		$	—		$	3,152,120		$	780,445		$	—		$	3,932,565
Related party sales		—			—			2,294			—			(2,294	)		—
Cost of goods sold		—			—			1,581,385			409,061			(2,294	)		1,988,152
Gross profit		—			—			1,573,029			371,384			—			1,944,413
Selling, general and administrative     expenses		10,957			1,538			1,136,312			335,402			—			1,484,209
Restructuring		—			—			33,615			—			—			33,615
Operating earnings (loss)		(10,957	)		(1,538	)		403,102			35,982			—			426,589
Interest expense (income)		—			98,332			(3	)		(167	)		—			98,162
Earnings (loss) before provision for    income taxes		(10,957	)		(99,870	)		403,105			36,149			—			328,427
Provision (benefit) for income taxes		(2,734	)		(28,787	)		73,747			28,154			—			70,380
Equity in earnings of subsidiaries,     net of tax		266,270			337,353			7,995			—			(611,618	)		—
Net earnings		258,047			266,270			337,353			7,995			(611,618	)		258,047
Other comprehensive income (loss),     net of tax		—			2,449			—			(10,604	)		—			(8,155	)
Total comprehensive income (loss)	$	258,047		$	268,719		$	337,353		$	(2,609	)	$	(611,618	)	$	249,892

Condensed Consolidating Statement of Earnings and Comprehensive Income

Fiscal Year Ended September 30, 2017

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Net sales	$	—		$	—		$	3,209,039	$	729,278	$	—		$	3,938,317
Related party sales		—			—			2,501		—		(2,501	)		—
Cost of goods sold		—			—			1,590,184		385,739		(2,501	)		1,973,422
Gross profit		—			—			1,621,356		343,539		—			1,964,895
Selling, general and administrative     expenses		10,939			526			1,130,615		321,539		—			1,463,619
Restructuring		—			—			22,679		—		—			22,679
Operating earnings (loss)		(10,939	)		(526	)		468,062		22,000		—			478,597
Interest expense		—			132,696			6		197		—			132,899
Earnings (loss) before provision for    income taxes		(10,939	)		(133,222	)		468,056		21,803		—			345,698
Provision (benefit) for income taxes		(4,246	)		(51,726	)		177,383		9,211		—			130,622
Equity in earnings of subsidiaries,    net of tax		221,769			303,265			12,592		—		(537,626	)		—
Net earnings		215,076			221,769			303,265		12,592		(537,626	)		215,076
Other comprehensive income (loss),     net of tax		—			(1,084	)		—		19,299		—			18,215
Total comprehensive income	$	215,076		$	220,685		$	303,265	$	31,891	$	(537,626	)	$	233,291

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended September 30, 2019

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Net cash provided (used) by operating    activities	$	2,364		$	(70,150	)	$	373,313		$	14,888		$	—		$	320,415
Cash Flows from Investing Activities:
Payments for property and    equipment, net		(1	)		—			(79,379	)		(13,063	)		—			(92,443	)
Acquisitions, net of cash acquired		—			—			(2,584	)		(840	)		—			(3,424	)
Due from affiliates		—			—			(279,391	)		—			279,391			—
Net cash used by investing activities		(1	)		—			(361,354	)		(13,903	)		279,391			(95,867	)
Cash Flows from Financing Activities:
Proceeds from issuance of    long-term debt		—			593,500			4			—			—			593,504
Repayments of long-term debt		—			(777,533	)		(4	)		(1	)		—			(777,538	)
Payments for common    stock repurchased		(47,434	)		—			—			—			—			(47,434	)
Proceeds from exercises of    stock options		2,160			—			—			—			—			2,160
Due to affiliates		42,911			254,183			—			(17,703	)		(279,391	)		—
Net cash provided (used) by financing    activities		(2,363	)		70,150			—			(17,704	)		(279,391	)		(229,308	)
Effect of foreign exchange rate changes    on cash and cash equivalents		—			—			—			(1,040	)		—			(1,040	)
Net increase (decrease) in cash and    cash equivalents		—			—			11,959			(17,759	)		—			(5,800	)
Cash and cash equivalents, beginning    of period		—			10			29,050			48,235			—			77,295
Cash and cash equivalents, end of period	$	—		$	10		$	41,009		$	30,476		$	—		$	71,495

Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended September 30, 2018

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Net cash provided (used) by operating    activities	$	23,424		$	(62,948	)	$	384,958		$	27,227		$	—		$	372,661
Cash Flows from Investing Activities:
Payments for property and    equipment, net		—			—			(68,689	)		(17,449	)		—			(86,138	)
Acquisitions, net of cash acquired		—			—			—			(9,175	)		—			(9,175	)
Due from affiliates		—			—			(309,310	)		—			309,310			—
Net cash used by investing activities		—			—			(377,999	)		(26,624	)		309,310			(95,313	)
Cash Flows from Financing Activities:
Proceeds from issuance of    long-term debt		—			461,814			5			—			—			461,819
Repayments of long-term debt		—			(558,000	)		(4	)		(595	)		—			(558,599	)
Debt issuance cost		—			(1,151	)		—			—			—			(1,151	)
Payments for common    stock repurchased		(166,701	)		—			—			—			—			(166,701	)
Proceeds from exercises of    stock options		1,350			—			—			—			—			1,350
Due to affiliates		141,927			160,285			—			7,098			(309,310	)		—
Net cash provided (used) by financing    activities		(23,424	)		62,948			1			6,503			(309,310	)		(263,282	)
Effect of foreign exchange rate changes    on cash and cash equivalents		—			—			—			(530	)		—			(530	)
Net increase in cash and    cash equivalents		—			—			6,960			6,576			—			13,536
Cash and cash equivalents, beginning    of period		—			10			22,090			41,659			—			63,759
Cash and cash equivalents, end of period	$	—		$	10		$	29,050		$	48,235		$	—		$	77,295

Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended September 30, 2017

(In thousands)

	Parent			Sally Holdings LLC and Sally Capital Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Sally Beauty Holdings, Inc. and Subsidiaries
Net cash provided (used) by operating    activities	$	4,095		$	(72,779	)	$	386,604		$	25,366		$	—		$	343,286
Cash Flows from Investing Activities:
Payments for property and    equipment, net		—			—			(64,000	)		(25,625	)		—			(89,625	)
Due from affiliates		—			—			(322,866	)		—			322,866			—
Net cash used by investing activities		—			—			(386,866	)		(25,625	)		322,866			(89,625	)
Cash Flows from Financing Activities:
Proceeds from issuance of    long-term debt		—			1,277,250			—			—			—			1,277,250
Repayments of long-term debt		—			(1,215,940	)		(16	)		(687	)		—			(1,216,643	)
Debt issuance costs		—			(8,376	)		—			—			—			(8,376	)
Payments for common    stock repurchased		(346,873	)		—			—			—			—			(346,873	)
Proceeds from exercises of    stock options		17,339			—			—			—			—			17,339
Due to affiliates		325,439			(8,517	)		—			5,944			(322,866	)		—
Net cash provided (used) by financing    activities		(4,095	)		44,417			(16	)		5,257			(322,866	)		(277,303	)
Effect of foreign exchange rate changes    on cash and cash equivalents		—			—			—			779			—			779
Net increase (decrease) in cash and    cash equivalents		—			(28,362	)		(278	)		5,777			—			(22,863	)
Cash and cash equivalents, beginning    of period		—			28,372			22,368			35,882			—			86,622
Cash and cash equivalents, end of period	$	—		$	10		$	22,090		$	41,659		$	—		$	63,759