REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 31, 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:

	December 31, 2023		June 30, 2023		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	7,275	$	5,683	Receivables, net
Broker fees	10,945		12,471		Other assets
Deferred revenue:
Current
Gift card liability	$	1,816	$	1,823	Accrued expenses
Deferred franchise fees open salons	5,041		5,325		Accrued expenses
Total current deferred revenue	$	6,857	$	7,148
Non-current
Deferred franchise fees unopened salons	$	2,148	$	2,312	Other non-current liabilities
Deferred franchise fees open salons	17,887		20,839		Other non-current liabilities
Total non-current deferred revenue	$	20,035	$	23,151

Broker fees

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

	Six Months Ended December 31,
	2023		2022
	(Dollars in thousands)
Balance at beginning of period	$	12,471	$	15,592
Amortization	(1,415)		(1,586)
Write-offs	(111)		—
Balance at end of period	$	10,945	$	14,006

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, 2023 is as follows (dollars in thousands):

Remainder of 2024	$	2,521
2025	4,825
2026	4,361
2027	3,899
2028	3,164
Thereafter	4,158
Total	$	22,928