BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Cash and Cash Equivalents

The table below reconciles the cash and cash equivalents balances and restricted cash balances, recorded within other current assets on the Consolidated Balance Sheet to the amount of cash, cash equivalents and restricted cash reported on the Consolidated Statement of Cash Flows:

	June 30,
	2020		2019
	(Dollars in thousands)
Cash and cash equivalents	$	113,667	$	70,141
Restricted cash, included in other current assets	9,213		22,238
Total cash, cash equivalents and restricted cash	$	122,880	$	92,379

Restricted Cash

The table below reconciles the cash and cash equivalents balances and restricted cash balances, recorded within other current assets on the Consolidated Balance Sheet to the amount of cash, cash equivalents and restricted cash reported on the Consolidated Statement of Cash Flows:

	June 30,
	2020		2019
	(Dollars in thousands)
Cash and cash equivalents	$	113,667	$	70,141
Restricted cash, included in other current assets	9,213		22,238
Total cash, cash equivalents and restricted cash	$	122,880	$	92,379

Advertising Costs

The Company's advertising costs are included in site operating expenses in the Consolidated Statement of Operations and consist of the following:

	Fiscal Years
	2020		2019		2018
	(Dollars in thousands)
Corporate funded advertising costs	$	13,210	$	21,581	$	19,803
Advertising fund contributions from company-owned salons	3,715		12,929		16,834
Advertising fund contributions from franchisees (1)	13,341		34,073		26,818
Total advertising costs	$	30,266	$	68,583	$	63,455

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(1)Includes the refunding of $14.9 million of previously collected cooperative fees to franchisees as a direct result of the COVID-19 pandemic.