LEASES (Tables)

12 Months Ended

Jun. 30, 2020


	June 30,
	2020		2019		2018

	(Dollars in thousands)
Minimum rent (1)	$	60,703	$	108,892	$	157,828
Percentage rent based on sales	2,043		4,754		4,324
Real estate taxes and other expenses	13,636		18,170		20,944
Total	$	76,382	$	131,816	$	183,096

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(1)Pursuant to ASC 420, fiscal year 2018 includes lease termination and other related closure costs of $27.3 million and a deferred rent benefit of $3.3 million related to restructuring of the company-owned SmartStyle portfolio that occurred in January 2018.

Lessor, Future Operating Lease Commitments

As of June 30, 2020, future operating lease commitments to be paid and received by the Company were as follows:


Fiscal Year	Leases For Franchise Salons		Leases For Company-Owned Salons		Corporate Leases		Total Operating Lease Payments		Sublease Income To Be Received From Franchisees		Net Rent Commitments
2021	$	121,149	$	43,705	$	1,781	$	166,635	$	(121,149)	$	45,486
2022	110,951		36,628		1,410		148,989		(110,951)		38,038
2023	100,640		31,943		1,447		134,030		(100,640)		33,390
2024	90,649		28,057		1,484		120,190		(90,649)		29,541
2025	79,398		23,746		1,522		104,666		(79,398)		25,268
Thereafter	190,793		59,994		7,818		258,605		(190,793)		67,812
Total future obligations	$	693,580	$	224,073	$	15,462	$	933,115	$	(693,580)	$	239,535
Less amounts representing interest	85,432		27,193		2,765		115,390
Present value of lease liabilities	$	608,148	$	196,880	$	12,697	$	817,725
Less current lease liabilities	99,217		36,767		1,287		137,271
Long-term lease liabilities	$	508,931	$	160,113	$	11,410	$	680,454

Lessee, Future Operating Lease Commitments

As of June 30, 2020, future operating lease commitments to be paid and received by the Company were as follows:


Fiscal Year	Leases For Franchise Salons		Leases For Company-Owned Salons		Corporate Leases		Total Operating Lease Payments		Sublease Income To Be Received From Franchisees		Net Rent Commitments
2021	$	121,149	$	43,705	$	1,781	$	166,635	$	(121,149)	$	45,486
2022	110,951		36,628		1,410		148,989		(110,951)		38,038
2023	100,640		31,943		1,447		134,030		(100,640)		33,390
2024	90,649		28,057		1,484		120,190		(90,649)		29,541
2025	79,398		23,746		1,522		104,666		(79,398)		25,268
Thereafter	190,793		59,994		7,818		258,605		(190,793)		67,812
Total future obligations	$	693,580	$	224,073	$	15,462	$	933,115	$	(693,580)	$	239,535
Less amounts representing interest	85,432		27,193		2,765		115,390
Present value of lease liabilities	$	608,148	$	196,880	$	12,697	$	817,725
Less current lease liabilities	99,217		36,767		1,287		137,271
Long-term lease liabilities	$	508,931	$	160,113	$	11,410	$	680,454