REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 2023

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:

	September 30, 2023		June 30, 2023		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	6,426	$	5,683	Receivables, net
Broker fees	11,623		12,471		Other assets
Deferred revenue:
Current
Gift card liability	$	1,764	$	1,823	Accrued expenses
Deferred franchise fees open salons	5,175		5,325		Accrued expenses
Total current deferred revenue	$	6,939	$	7,148
Non-current
Deferred franchise fees unopened salons	$	2,217	$	2,312	Other non-current liabilities
Deferred franchise fees open salons	19,323		20,839		Other non-current liabilities
Total non-current deferred revenue	$	21,540	$	23,151

Rollforward of allowance for doubtful accounts

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

	Three Months Ended September 30,
	2023		2022
	(Dollars in thousands)
Balance at beginning of period	$	7,297	$	6,559
Provision for doubtful accounts	211		461
Provision for franchisee rent	167		19
Recoveries	(237)		—
Write-offs	(991)		(725)
Reclass of accrued rent (1)	—		60
Other (2)	(56)		—
Balance at end of period	$	6,391	$	6,374

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(1)The reclass of accrued rent represents franchisee rent obligations guaranteed by the Company that were unbilled and deemed unrecoverable as of June 30, 2022, and subsequently billed, so the related accruals were reclassified to allowance for doubtful accounts.

(2)Includes currency fluctuation.

Broker fees

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

	Three Months Ended September 30,
	2023		2022
	(Dollars in thousands)
Balance at beginning of period	$	12,471	$	15,592
Additions	—		—
Amortization	(739)		(827)
Write-offs	(109)		—
Balance at end of period	$	11,623	$	14,765

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 September 30, 2023 is as follows (dollars in thousands):

Remainder of 2024	$	3,881
2025	4,889
2026	4,420
2027	3,959
2028	3,276
Thereafter	4,073
Total	$	24,498