REVENUE RECOGNITION (Tables)

9 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of receivables, broker fees and deferred revenue

Information about receivables, broker fees and deferred revenue subject to the current revenue recognition guidance is as follows:

	March 31, 2022		June 30, 2021		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	10,209	$	19,112	Receivables, net
Broker fees	16,515		19,254		Other assets
Deferred revenue:
Current
Gift card liability	$	2,097	$	2,240	Accrued expenses
Deferred franchise fees unopened salons	25		40		Accrued expenses
Deferred franchise fees open salons	5,801		5,884		Accrued expenses
Total current deferred revenue	$	7,923	$	8,164
Non-current
Deferred franchise fees unopened salons	$	3,778	$	6,571	Other non-current liabilities
Deferred franchise fees open salons	28,473		32,365		Other non-current liabilities
Total non-current deferred revenue	$	32,251	$	38,936

Rollforward of allowance for doubtful accounts

The following table is a rollforward of the allowance for doubtful accounts for the period (in thousands):

Balance as of June 30, 2021	$	7,774
Benefit to reserve for doubtful accounts (1)	(88)
Provision for franchisee rent (2)	847
Reclass of accrued rent (3)	396
Write-offs	(1,600)
Balance as of March 31, 2022	$	7,329

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(1)The benefit to reserve for doubtful accounts is recognized as general and administrative in the unaudited Condensed Consolidated Statement of Operations.

(2)The provision for franchisee rent is recognized as rent in the unaudited Condensed Consolidated Statement of Operations.

(3)The reclass of accrued rent represents franchisee rent obligations guaranteed by the Company that were unbilled and deemed unrecoverable as of June 30, 2021. The amounts were billed in fiscal year 2022 and the related accrual was reclassified to the allowance for doubtful accounts.

Broker fees

The following table is a rollforward of the broker fee balance for the periods indicated (in thousands):

Balance as of June 30, 2021	$	19,254
Additions	25
Amortization	(2,398)
Write-offs	(366)
Balance as of March 31, 2022	$	16,515

Estimated revenue expected to be recognized

Estimated revenue expected to be recognized in the future related to deferred franchise fees for open salons as of March 31, 2022 is as follows (in thousands):

Remainder of 2022	$	1,503
2023	5,731
2024	5,489
2025	5,100
2026	4,632
Thereafter	11,819
Total	$	34,274