XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net (loss) income $ (22,975) $ 3,281
Adjustments to reconcile net loss to net cash provided by operating activities:    
Non-cash impairment related to discontinued operations 29,169 0
Depreciation and amortization 9,975 10,200
Depreciation related to discontinued operations 2,129 3,840
Deferred income taxes 3,777 1,969
Gain on life insurance (7,986) 0
Gain from sale of salon assets to franchisees, net [1] (122) (32)
Salon asset impairments 2,280 1,909
Stock-based compensation 2,030 1,865
Amortization of debt discount and financing costs 351 351
Other non-cash items affecting earnings 76 14
Changes in operating assets and liabilities, excluding the effects of asset sales (7,805) (11,067)
Net cash provided by operating activities 10,899 12,330
Cash flows from investing activities:    
Capital expenditures (6,127) (9,776)
Capital expenditures related to discontinued operations (1,007) (1,157)
Proceeds from sale of assets to franchisees [1] 1,472 163
Change in restricted cash (471) 1,133
Net cash used in investing activities (6,133) (9,637)
Cash flows from financing activities:    
Taxes paid for shares withheld (1,530) (1,054)
Net cash used in financing activities (1,530) (1,054)
Effect of exchange rate changes on cash and cash equivalents 680 (454)
Increase in cash and cash equivalents 3,916 1,185
Cash and cash equivalents:    
Beginning of period 176,312  
Beginning of period, total cash and cash equivalents 172,396 147,346
End of period $ 176,312 $ 148,531
[1] Excludes loss from sale of salon assets and any proceeds from The Beautiful Group.