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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (15,306) $ (68,144)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 3,284 11,123
Long-lived asset impairment 215 8,984
Deferred income taxes (529) (669)
Loss from sale of salon assets to franchisees, net 1,695 3,888
Stock-based compensation 305 89
Amortization of debt discount and financing costs 920 875
Other non-cash items affecting earnings 551 202
Changes in operating assets and liabilities, excluding the effects of asset sales (1) [1] (15,463) (21,812)
Net cash used in operating activities (24,328) (65,464)
Cash flows from investing activities:    
Capital expenditures (2,947) (7,502)
Proceeds from sale of assets to franchisees 0 7,148
Costs associated with sale of salon assets to franchisees 0 (222)
Proceeds from company-owned life insurance policies 0 1,200
Net cash (used in) provided by investing activities (2,947) 624
Cash flows from financing activities:    
Borrowings on revolving credit facility 10,000 0
Repayments of revolving credit facility (2,734) 0
Proceeds from issuance of common stock, net of offering costs 37,185 0
Taxes paid for shares withheld (823) (212)
Minority interest buyout 0 (562)
Distribution center lease payments 0 (478)
Net cash provided by (used in) financing activities 43,628 (1,252)
Effect of exchange rate changes on cash and cash equivalents (134) (68)
Increase (decrease) in cash, cash equivalents, and restricted cash 16,219 (66,160)
Cash, cash equivalents and restricted cash:    
Beginning of period 29,152 122,880
End of period $ 45,371 $ 56,720
[1] Changes in operating assets and liabilities exclude assets and liabilities sold.