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LEASES (Tables)
 9 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Real Estate Taxes and Other Occupancy Expenses Total rent includes the following:
Three Months Ended March 31,Nine Months Ended March 31,
2022202120222021
(Dollars in thousands)
Office and warehouse rent $987 $1,351 $3,904 $3,748 
Lease termination expense (benefit) (1)225 (147)1,803 6,523 
Lease liability benefit (2)(357)(3,009)(3,284)(11,295)
Franchise salon rent (3)(464)297 111 1,455 
Company-owned salon rent855 9,509 3,603 33,697 
Total$1,246 $8,001 $6,137 $34,128 
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(1)During the three months ended March 31, 2022, the Company incurred costs of $0.2 million to exit salons before the lease end date in order to relieve the Company of future lease obligations. During the nine months ended March 31, 2022, the Company paid $0.9 million to exit its distribution centers before the lease end dates and incurred costs of $0.9 million to exit salons before the lease end date in order to relieve the Company of future lease obligations. For the three and nine months ended March 31, 2021, lease termination fees include $0.3 and $4.9 million, respectively, of early termination payments to close salons before the lease end date to relieve the Company of future lease obligations and $(0.5) and $1.5 million, respectively, of adjustments to accrue future lease payments for salons that are no longer operating.
(2)Upon termination of previously impaired leases, the Company derecognizes the corresponding ROU assets and lease liabilities which results in a net gain. In addition, the Company recognizes a benefit from lease liabilities decreasing in excess of previously impaired ROU assets for ongoing leases that were previously impaired.
(3)Includes the provision for uncollectible franchisee rent. The credit in the three months ended March 31, 2022 relates to lower estimated exposure.
Lessor, Future Operating Lease Commitments
As of March 31, 2022, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (in thousands):
Fiscal YearLeases for Franchise SalonsLeases for Company-owned SalonsCorporate LeasesTotal Operating Lease PaymentsSublease Income To Be Received From FranchiseesNet Rent Commitments
Remainder of 2022$31,816 $1,091 $584 $33,491 $(31,816)$1,675 
2023117,500 3,743 2,365 123,608 (117,500)6,108 
2024102,920 2,133 1,486 106,539 (102,920)3,619 
202586,453 735 1,525 88,713 (86,453)2,260 
202673,152 414 1,563 75,129 (73,152)1,977 
Thereafter184,351 370 6,498 191,219 (184,351)6,868 
Total future obligations$596,192 $8,486 $14,021 $618,699 $(596,192)$22,507 
Less amounts representing interest71,797 396 2,016 74,209 
Present value of lease liabilities$524,395 $8,090 $12,005 $544,490 
Less current lease liabilities101,655 3,818 1,900 107,373 
Long-term lease liabilities$422,740 $4,272 $10,105 $437,117 
Lessee, Future Operating Lease Commitments
As of March 31, 2022, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (in thousands):
Fiscal YearLeases for Franchise SalonsLeases for Company-owned SalonsCorporate LeasesTotal Operating Lease PaymentsSublease Income To Be Received From FranchiseesNet Rent Commitments
Remainder of 2022$31,816 $1,091 $584 $33,491 $(31,816)$1,675 
2023117,500 3,743 2,365 123,608 (117,500)6,108 
2024102,920 2,133 1,486 106,539 (102,920)3,619 
202586,453 735 1,525 88,713 (86,453)2,260 
202673,152 414 1,563 75,129 (73,152)1,977 
Thereafter184,351 370 6,498 191,219 (184,351)6,868 
Total future obligations$596,192 $8,486 $14,021 $618,699 $(596,192)$22,507 
Less amounts representing interest71,797 396 2,016 74,209 
Present value of lease liabilities$524,395 $8,090 $12,005 $544,490 
Less current lease liabilities101,655 3,818 1,900 107,373 
Long-term lease liabilities$422,740 $4,272 $10,105 $437,117