TBG DISCONTINUED OPERATIONS AND RESTRUCTURING (Tables)

12 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedules of discontinued operations

The following summarizes the results of TBG related charges and TBG discontinued operations for the periods presented:

	Fiscal Years
	2020		2019		2018
	(Dollars in thousands)
Revenue	$	—	$	—	$	101,140
TBG Mall Restructuring:
Accounts and notes receivable reserves	—		20,711		—
Other charges (1)	2,333		1,105		—
Total TBG mall restructuring	$	2,333	$	21,816	$	—
TBG Discontinued Operations:
Working capital and prepaid rent receivable reserve	—		—		11,697
Other charges (2) (3)	(1,063)		1,221		47,848
(Income) loss from TBG discontinued operations, before taxes	(1,063)		1,221		59,545
Income tax expense (benefit) on TBG discontinued operations (4)	231		(7,117)		(6,360)
(Income) loss from TBG discontinued operations, net of tax	$	(832)	$	(5,896)	$	53,185

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(1)In fiscal year 2020, the Company recorded professional fees associated with the transfer of the mall salons back to the Company as TBG mall restructuring charges.

(2)In fiscal years 2020 and 2019, the Company recorded professional fees related to the transaction, as well as insurance adjustments associated with the discontinued operations.

(3)In fiscal year 2018, the Company recorded $43.0 million of asset impairment charges, $6.2 million of cumulative foreign currency translation adjustment, $3.6 million of loss from operations and $6.8 million of professional fees.

(4)Income taxes have been allocated to continuing and discontinued operations based on the methodology required by accounting for income taxes guidance.

Summary of costs associated with the SmartStyle salon restructuring

A summary of costs associated with the SmartStyle salon restructuring for fiscal year 2018 is as follows:

	Financial Line Item	Fiscal Year 2018
		(Dollars in thousands)
Inventory reserves	Cost of Service	$	656
Inventory reserves	Cost of Product	586
Severance	General and administrative	897
Long-lived fixed asset impairment	Depreciation and amortization	5,460
Asset retirement obligation	Depreciation and amortization	7,680
Lease termination and other related closure costs	Rent	27,290
Deferred rent	Rent	(3,291)
Total		$	39,278