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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Revenues:      
Franchise rental income $ 127,392 $ 127,203 $ 0
Total revenue 415,113 669,729 1,069,039
Operating expenses:      
Site operating expenses 51,463 71,543 141,031
General and administrative 105,433 130,953 177,004
Depreciation and amortization 22,713 36,952 37,848
Long-lived asset impairment 13,023 22,560 0
TBG mall location restructuring (Note 3) 0 2,333 21,816
Goodwill impairment (Note 1) 0 40,164 0
Total operating expenses 519,265 815,067 1,091,158
Operating loss (104,152) (145,338) (22,119)
Other (expense) income:      
Interest expense (13,813) (7,522) (4,795)
(Loss) gain from sale of salon assets to franchisees, net (16,696) (27,306) 2,918
Interest income and other, net 15,902 3,353 1,729
Loss from continuing operations before income taxes (118,759) (176,813) (22,267)
Income tax benefit 5,428 4,619 2,145
Loss from continuing operations (113,331) (172,194) (20,122)
Income from discontinued operations, net of income taxes (Note 3) 0 832 5,896
Net loss $ (113,331) $ (171,362) $ (14,226)
Basic and diluted:      
Loss from continuing operations (in dollars per share) $ (3.15) $ (4.79) $ (0.48)
Income from discontinued operations (in dollars per share) 0 0.02 0.14
Net loss per share, basic (in dollars per share) [1] (3.15) (4.77) (0.34)
Net loss per share, diluted (in dollars per share) [1] $ (3.15) $ (4.77) $ (0.34)
Weighted average common and common equivalent shares outstanding:      
Basic (in shares) 35,956 35,936 41,829
Diluted (in shares) 35,956 35,936 41,829
Non Franchise Lease      
Operating expenses:      
Rent $ 40,930 $ 76,382 $ 131,816
Franchisor      
Operating expenses:      
Rent 127,392 127,203 0
Service      
Revenues:      
Revenues 108,120 331,538 749,660
Operating expenses:      
Cost of service and products sold 79,144 222,279 452,827
Product      
Revenues:      
Revenues 91,544 137,586 225,618
Operating expenses:      
Cost of service and products sold 79,167 84,698 128,816
Royalties and fees      
Revenues:      
Revenues $ 88,057 $ 73,402 $ 93,761
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.