OTHER FINANCIAL STATEMENT DATA

12 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER FINANCIAL STATEMENT DATA

OTHER FINANCIAL STATEMENT DATA

The following provides additional information concerning selected balance sheet accounts:

	June 30,
	2024		2023
	(Dollars in thousands)
Other current assets:
Prepaid assets	$	684	$	1,510
Restricted cash	19,246		11,888
Inventory	818		1,681
Other	1,802		1,766
Total other current assets	$	22,550	$	16,845
Property and equipment:
Buildings and improvements	$	2,374	$	4,594
Equipment, furniture, and leasehold improvements	5,574		10,126
Internal use software	19,695		20,722
Total property and equipment	27,643		35,442
Less accumulated depreciation and amortization	(23,979)		(29,020)
Total property and equipment, net	$	3,664	$	6,422
Accrued expenses:
Payroll and payroll related costs	$	4,611	$	4,179
Insurance	1,733		3,777
Interest expense	239		4,124
Rent and related real estate costs	3,237		5,968
Deferred revenue	5,104		7,148
Other	6,720		4,913
Total accrued expenses	$	21,644	$	30,109
Other non-current liabilities:
Deferred income taxes	$	11,402	$	10,936
Insurance	4,654		7,291
Deferred benefits	5,612		5,975
Deferred franchise fees	16,755		23,151
Other	1,616		1,688
Total other non-current liabilities	$	40,039	$	49,041

The following provides additional information concerning other intangibles, net:

	June 30,
	2024							2023
	Weighted Average Amortization Periods (1)	Cost (2)		Accumulated Amortization (2)		Net		Weighted Average Amortization Periods (1)	Cost (2)		Accumulated Amortization (2)		Net
	(In years)	(Dollars in thousands)						(In years)	(Dollars in thousands)
Brand assets and trade names	36	$	5,142	$	(3,371)	$	1,771	36	$	5,290	$	(3,312)	$	1,978
Franchise agreements	20	7,391		(6,774)		617		20	7,565		(6,809)		756
Other	20	280		(241)		39		20	289		(240)		49
Total	26	$	12,813	$	(10,386)	$	2,427	26	$	13,144	$	(10,361)	$	2,783

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(1)All intangible assets have been assigned an estimated finite useful life and are amortized on a straight-line basis over the number of years that approximate their expected period of benefit (ranging from three to 40 years).

(2)The change in the gross carrying value and accumulated amortization of other intangible assets is impacted by foreign currency.

Total amortization expense related to intangible assets during fiscal years 2024, 2023, and 2022 was approximately $0.3 million, $0.3 million, and $0.4 million, respectively. As of June 30, 2024, future estimated amortization expense related to intangible assets is estimated as follows (in thousands):

2025	$	284
2026	284
2027	284
2028	161
2029	150
Thereafter	1,264
Total	$	2,427

The following provides supplemental disclosures of cash flow activity:

	Fiscal Years
	2024		2023		2022
	(Dollars in thousands)
Cash paid (received) for:
Interest	$	18,978	$	15,457	$	11,786
Taxes and penalties, net (1)	(893)		265		(1,400)
Non-cash investing activities:
Unpaid capital expenditures	8		25		35

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(1)The Company also received a $1.1 million COVID-19 relief grant from the State of North Carolina in fiscal year 2023. The grant is included in other, net on the Consolidated Statements of Operations.