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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (10,378) $ (35,266)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 1,574 6,087
Long-lived asset impairment 163 5,824
Deferred income taxes (258) (384)
Loss from sale of salon assets to franchisees, net 1,080 662
Stock-based compensation 1,678 (1,225)
Amortization of debt discount and financing costs 460 438
Other non-cash items affecting earnings 232 4
Changes in operating assets and liabilities, excluding the effects of asset sales [1] (6,805) (5,006)
Net cash used in operating activities (12,254) (28,866)
Cash flows from investing activities:    
Capital expenditures (1,524) (3,811)
Proceeds from sale of assets to franchisees 0 3,735
Costs associated with sale of salon assets to franchisees 0 (125)
Net cash used in investing activities (1,524) (201)
Cash flows from financing activities:    
Borrowings on revolving credit facility 10,000 0
Repayments of revolving credit facility (1,106) 0
Proceeds from issuance of common stock, net of offering costs 32,193 0
Taxes paid for shares withheld (255) (187)
Distribution center lease payments 0 (238)
Net cash provided by (used in) financing activities 40,832 (425)
Effect of exchange rate changes on cash and cash equivalents (148) 88
Increase (decrease) in cash, cash equivalents, and restricted cash 26,906 (29,404)
Cash, cash equivalents and restricted cash:    
Beginning of period 29,152 122,880
End of period $ 56,058 $ 93,476
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.