XML 15 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (13,805) $ (727)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash adjustments related to discontinued operations (470) (427)
Depreciation and amortization 7,863 8,371
Deferred income taxes (3,821) (875)
Loss on sale of salon assets to franchisees, net 5,860 3,960
Salon asset impairments 1,517 1,831
Stock-based compensation 1,807 2,335
Amortization of debt discount and financing costs 69 69
Other items affecting earnings (23) 352
Changes in operating assets and liabilities, excluding the effects of asset sales [1] (12,477) (32,053)
Net cash used in operating activities (13,480) (17,164)
Cash flows from investing activities:    
Capital expenditures (4,899) (11,258)
Proceeds from sale of salon assets to franchisees 37,945 12,422
Costs associated with sale of salon assets to franchisees (1,019) 0
Proceeds from company-owned life insurance policies 0 24,617
Net cash provided by investing activities 32,027 25,781
Cash flows from financing activities:    
Repurchase of common stock (28,247) (19,337)
Taxes paid for shares withheld (1,808) (1,918)
Sale and leaseback payments (248)  
Net cash used in financing activities (30,303) (21,255)
Effect of exchange rate changes on cash and cash equivalents 3 388
Decrease in cash, cash equivalents, and restricted cash (11,753) (12,250)
Cash, cash equivalents, and restricted cash:    
Beginning of period 92,379 148,774
End of period $ 80,626 $ 136,524
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.