REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 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:

	December 31, 2022		June 30, 2022		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	9,419	$	10,263	Receivables, net
Broker fees	14,006		15,592		Other assets
Deferred revenue:
Current
Gift card liability	$	1,950	$	2,037	Accrued expenses
Deferred franchise fees open salons	5,533		5,770		Accrued expenses
Total current deferred revenue	$	7,483	$	7,807
Non-current
Deferred franchise fees unopened salons	$	2,664	$	3,211	Other non-current liabilities
Deferred franchise fees open salons	23,963		26,827		Other non-current liabilities
Total non-current deferred revenue	$	26,627	$	30,038

Rollforward of allowance for doubtful accounts

The following table is a rollforward of the allowance for doubtful accounts for the period:

	Six Months Ended December 31,
	2022		2021
	(Dollars in thousands)
Balance at beginning of period	$	6,559	$	7,774
Provision for doubtful accounts	369		(41)
Provision for franchisee rent (1)	(208)		811
Reclass of accrued rent (2)	73		396
Write-offs	(1,129)		(589)
Balance at end of period	$	5,664	$	8,351

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

(2)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 billed in fiscal years 2023 and 2022 and the related accrual were reclassified to allowance for doubtful accounts.

Broker fees

The following table is a rollforward of the broker fee balance for the periods indicated:

	Six Months Ended December 31,
	2022		2021
	(Dollars in thousands)
Balance at beginning of period	$	15,592	$	19,254
Additions	—		25
Amortization	(1,586)		(1,625)
Write-offs	—		(366)
Balance at end of period	$	14,006	$	17,288

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 December 31, 2022 is as follows (in thousands):

Remainder of 2023	$	2,766
2024	5,378
2025	4,986
2026	4,521
2027	4,058
Thereafter	7,787
Total	$	29,496