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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Revenues:    
Franchise $ 24,667 $ 30,330
Total revenue 53,372 61,871
Operating expenses:    
General and administrative 10,729 14,361
Rent 24,700 30,300
Advertising fund expense 7,226 8,251
Depreciation and amortization 370 1,251
Total operating expenses 45,938 59,401
Operating income 7,434 2,470
Other expense:    
Interest expense (6,188) (3,817)
Other, net (200) (463)
Income (loss) from operations before income taxes 1,046 (1,810)
Income tax benefit (expense) 148 (28)
Income (loss) from continuing operations 1,194 (1,838)
Income from discontinued operations (Note 3) 0 3,306
Net income $ 1,194 $ 1,468
Basic:    
Income (loss) from continuing operations (in dollars per share) $ 0.03 $ (0.04)
Income from discontinued operations, basic (in dollars per share) 0.00 0.07
Net income per share, basic (in dollars per share) [1] 0.03 0.03
Diluted:    
Income (loss) from continuing operations, diluted (in dollars per share) 0.03 (0.04)
Income from discontinued operations, diluted (in dollars per share) 0.00 0.07
Net income per share, diluted (in dollars per share) [1] $ 0.03 $ 0.03
Weighted average common and common equivalent shares outstanding:    
Basic (in shares) 46,640 46,054
Diluted (in shares) 47,243 46,054
Non-Franchise Lease    
Operating expenses:    
Rent $ 1,097 $ 1,753
Franchisor    
Operating expenses:    
Rent 24,667 30,330
Royalties    
Revenues:    
Revenues 16,528 17,180
Fees    
Revenues:    
Revenues 2,631 2,553
Product sales to franchisees    
Revenues:    
Revenues 384 443
Operating expenses:    
Cost of product sales to franchisees 359 470
Advertising fund contributions    
Revenues:    
Revenues 7,226 8,251
Company-owned salon revenue    
Revenues:    
Revenues 1,936 3,114
Operating expenses:    
Company-owned salon expense [2] $ 1,490 $ 2,985
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.
[2] Includes cost of service and product sold to guests in our Company-owned salons. Excludes general and administrative expense, rent and depreciation and amortization related to Company-owned salons