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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues:        
Franchise rental income $ 33,630   $ 65,054  
Total revenues 208,765 $ 274,671 455,803 $ 562,506
Operating expenses:        
Cost of service 67,358 114,931 157,840 236,428
Cost of product 27,258 36,350 53,585 68,531
Site operating expenses 26,330 35,563 59,272 72,384
General and administrative 32,691 45,836 73,316 93,563
Rent 33,600   65,100  
Depreciation and amortization 7,747 8,900 17,127 19,102
TBG mall location restructuring (Note 3) 722 0 2,222 0
Total operating expenses 216,231 276,222 473,175 560,628
Operating (loss) income (7,466) (1,551) (17,372) 1,878
Other (expense) income:        
Interest expense (1,464) (1,072) (2,903) (2,078)
(Loss) gain from sale of salon assets to franchisees, net (5,692) 2,865 (11,552) (1,095)
Interest income and other, net 4,346 629 4,517 989
(Loss) income from continuing operations before income taxes (10,276) 871 (27,310) (306)
Income tax benefit (expense) 795 (454) 3,651 260
(Loss) income from continuing operations (9,481) 417 (23,659) (46)
Income from discontinued operations, net of taxes (Note 3) 79 6,113 452 5,849
Net (loss) income $ (9,402) $ 6,530 $ (23,207) $ 5,803
Basic:        
(Loss) income from continuing operations (in dollars per shares) $ (0.26) $ 0.01 $ (0.66) $ 0.00
Income from discontinued operations (in dollars per share) 0.00 0.14 0.01 0.13
Net (loss) income per share, basic (in dollars per share) [1] (0.26) 0.15 (0.64) 0.13
Diluted:        
(Loss) income from continuing operations (in dollars per share) (0.26) 0.01 (0.66) 0.00
Income from discontinued operations (in dollars per share) 0.00 0.14 0.01 0.13
Net (loss) income per share, diluted (in dollars per share) [1] $ (0.26) $ 0.15 $ (0.64) $ 0.13
Weighted average common and common equivalent shares outstanding:        
Basic (in shares) 35,798 43,619 36,028 44,175
Diluted (in shares) 35,798 44,479 36,028 44,175
Non-Franchise Lease        
Operating expenses:        
Rent $ 20,495 $ 34,642 $ 44,759 $ 70,620
Franchisor        
Operating expenses:        
Rent 33,630   65,054  
Service        
Revenues:        
Revenues 101,805 190,419 243,746 398,267
Product        
Revenues:        
Revenues 43,983 61,649 89,639 119,240
Royalties and fees        
Revenues:        
Revenues $ 29,347 $ 22,603 $ 57,364 $ 44,999
[1]
Total is a recalculation; line items calculated individually may not sum to total due to rounding.