REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following table disaggregates revenue by timing of revenue recognition and is reconciled to reportable segment revenues as follows:

	Three Months Ended September 30, 2019				Three Months Ended September 30, 2018
	Franchise		Company-owned		Franchise		Company-owned
Revenue recognized at a point in time:
Service	$	—	$	141,941	$	—	$	207,848
Product	13,105		32,551		15,629		41,962
Total revenue recognized at a point in time	$	13,105	$	174,492	$	15,629	$	249,810
Revenue recognized over time:
Royalty and other franchise fees	$	17,592	$	—	$	14,420	$	—
Advertising fund fees	10,425		—		7,976		—
Franchise rental income	31,424		—
Total revenue recognized over time	$	59,441	$	—	$	22,396	$	—
Total revenue	$	72,546	$	174,492	$	38,025	$	249,810

Schedule of receivables, broker fees and deferred revenue

Information about receivables, broker fees and deferred revenue subject to the amended revenue recognition guidance is as follows:

	September 30, 2019		June 30, 2019		Balance Sheet Classification
	(dollars in thousands)
Receivables from contracts with customers, net	$	18,715	$	23,210	Accounts receivable, net
Broker fees	$	18,706	$	17,819	Other assets
Deferred revenue:
Current
Gift card liability	$	2,686	$	3,050	Accrued expenses
Deferred franchise fees unopened salons	99		193		Accrued expenses
Deferred franchise fees open salons	4,748		4,164		Accrued expenses
Total current deferred revenue	$	7,533	$	7,407
Non-current
Deferred franchise fees unopened salons	$	13,230	$	15,173	Other non-current liabilities
Deferred franchise fees open salons	28,546		24,194		Other non-current liabilities
Total non-current deferred revenue	$	41,776	$	39,367

Broker fees

The following table is a rollforward of the broker fee balance for the periods indicated (in thousands):

Balance as of June 30, 2019	$	17,819
Additions	1,548
Amortization	(661		)
Write-offs	—
Balance as of September 30, 2019	$	18,706

Estimated revenue expected to be recognized

Estimated revenue expected to the recognized in the future related to deferred franchise fees for open salons as of September 30, 2019 is as follows (in thousands):

Remainder of 2020	$	3,327
2021	4,498
2022	4,378
2023	4,202
2024	3,967
Thereafter	12,922
Total	$	33,294