Separate Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Sep. 30, 2020

Guarantor And Non Guarantor Condensed Consolidated Financial Statements [Abstract]

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

September 30, 2020

(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	$	—	$	194,622	$	217,865	$	101,664	$	—		$	514,151
Trade and other accounts    receivable, net		—		—		29,637		26,792		—			56,429
Due from affiliates		—		—		3,015,299		—		(3,015,299	)		—
Inventory		—		—		615,092		199,411		—			814,503
Other current assets		6,908		132		26,103		14,871		—			48,014
Property and equipment, net		6		—		263,381		51,642		—			315,029
Operating lease assets		—		—		392,863		132,771		—			525,634
Investment in subsidiaries		1,756,347		4,582,915		390,579		—		(6,729,841	)		—
Goodwill and other intangible    assets, net		—		—		449,802		148,519		—			598,321
Other assets		1,431		3,104		5,059		13,472		—			23,066
Total assets	$	1,764,692	$	4,780,773	$	5,405,680	$	689,142	$	(9,745,140	)	$	2,895,147
Liabilities and Stockholders’ Equity    (Deficit)
Accounts payable	$	36	$	—	$	183,088	$	53,209	$	—		$	236,333
Due to affiliates		1,742,661		1,196,746		—		75,892		(3,015,299	)		—
Accrued liabilities		205		29,165		110,165		31,130		—			170,665
Income taxes payable		419		2,302		—		196		—			2,917
Long-term debt		—		1,796,213		2		862		—			1,797,077
Operating lease liabilities		—		—		413,685		133,957		—			547,642
Other liabilities		5,928		—		26,889		159		—			32,976
Deferred income tax liabilities, net		—		—		88,936		3,158		—			92,094
Total liabilities		1,749,249		3,024,426		822,765		298,563		(3,015,299	)		2,879,704
Total stockholders’ equity (deficit)		15,443		1,756,347		4,582,915		390,579		(6,729,841	)		15,443
Total liabilities and stockholders’     equity (deficit)	$	1,764,692	$	4,780,773	$	5,405,680	$	689,142	$	(9,745,140	)	$	2,895,147

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’ Equity    (Deficit)
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’ equity (deficit)		(60,323	)		1,621,843		4,374,334			385,629		(6,381,806	)		(60,323	)
Total liabilities and stockholders’     equity (deficit)	$	1,624,731		$	4,377,975	$	4,825,962		$	529,656	$	(9,259,878	)	$	2,098,446

Schedule of Condensed Consolidating Statement of Earnings and Comprehensive Income

Condensed Consolidating Statement of Earnings and Comprehensive Income

Fiscal Year Ended September 30, 2020

(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	$	—		$	—		$	2,883,265		$	631,065		$	—		$	3,514,330
Related party sales		—			—			1,761			—			(1,761	)		—
Cost of goods sold		—			—			1,447,705			352,792			(1,761	)		1,798,736
Gross profit		—			—			1,437,321			278,273			—			1,715,594
Selling, general and administrative     expenses		11,501			753			1,152,489			278,066			—			1,442,809
Restructuring		—			—			14,025			—			—			14,025
Operating earnings (loss)		(11,501	)		(753	)		270,807			207			—			258,760
Interest expense (income)		—			98,998			(131	)		(74	)		—			98,793
Earnings (loss) before provision for    income taxes		(11,501	)		(99,751	)		270,938			281			—			159,967
Provision (benefit) for income taxes		(2,901	)		(25,476	)		70,840			4,259			—			46,722
Equity (loss) in earnings of subsidiaries,     net of tax		121,845			196,120			(3,978	)		—			(313,987	)		—
Net earnings (loss)		113,245			121,845			196,120			(3,978	)		(313,987	)		113,245
Other comprehensive income, net of tax		—			198			—			12,386			—			12,584
Total comprehensive income	$	113,245		$	122,043		$	196,120		$	8,408		$	(313,987	)	$	125,829

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	$	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		—			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	$	258,047		$	268,719		$	337,353		$	(2,609	)	$	(611,618	)	$	249,892

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows
Fiscal Year Ended September 30, 2020

(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	$	(11,769	)	$	(58,166	)	$	417,940		$	78,884		$	—		$	426,889
Cash Flows from Investing Activities:
Payments for property and    equipment, net		(5	)		—			(98,379	)		(12,421	)		—			(110,805	)
Acquisitions, net of cash acquired		—			—			(5,479	)		(7,491	)		—			(12,970	)
Due from affiliates		—			—			(137,227	)		—			137,227			—
Net cash used by investing activities		(5	)		—			(241,085	)		(19,912	)		137,227			(123,775	)
Cash Flows from Financing Activities:
Proceeds from issuance of    long-term debt		—			1,087,500			4			—			—			1,087,504
Repayments of long-term debt		—			(882,887	)		(3	)		(31	)		—			(882,921	)
Debt issuance cost		—			(6,257	)		—			—			—			(6,257	)
Payments for common    stock repurchased		(61,357	)		—			—			—			—			(61,357	)
Proceeds from exercises of    stock options		2,792			—			—			—			—			2,792
Due to affiliates		70,339			54,422			—			12,466			(137,227	)		—
Net cash provided by financing    activities		11,774			252,778			1			12,435			(137,227	)		139,761
Effect of foreign exchange rate changes    on cash and cash equivalents		—			—			—			(219	)		—			(219	)
Net increase in cash and    cash equivalents		—			194,612			176,856			71,188			—			442,656
Cash and cash equivalents, beginning    of period		—			10			41,009			30,476			—			71,495
Cash and cash equivalents, end of period	$	—		$	194,622		$	217,865		$	101,664		$	—		$	514,151

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