GOODWILL (Tables)

12 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The table below contains details related to the Company's goodwill:

	June 30,
	2021						2020
	Gross Carrying Value (1)		Accumulated Impairment (2)		Net		Gross Carrying Value (1)		Accumulated Impairment (2)		Net
	(Dollars in thousands)
Goodwill	$	343,846	$	(114,264)	$	229,582	$	341,721	$	(114,264)	$	227,457

_______________________________________________________________________________

(1)The change in the gross carrying value of goodwill relates foreign currency translation adjustments.

(2)In fiscal year 2011, the Company realized a $74.1 million goodwill impairment loss associated with the Company-owned reporting unit (the previous North American Value reporting unit). In fiscal year 2020, the Company realized a $40.2 million goodwill impairment associated with the Company-owned reporting unit. Prior to the COVID-19 pandemic, the Company had been derecognizing Company-owned goodwill as part of the calculation of gain or loss on the sale of salons to franchisees. Following the goodwill impairment in fiscal year 2020, the Company-owned reporting unit has no remaining goodwill, so there will be no further derecognition of Company-owned goodwill.

The table below contains details related to the Company's goodwill (in thousands):

	Franchise Reporting Unit
Goodwill, net at June 30, 2020	$	227,457
Translation rate adjustments	2,125
Goodwill, net at June 30, 2021	$	229,582