BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of COVID-19 Impact

In fiscal years 2024, 2023, and 2022, the Company received the following assistance:

		Fiscal Years
		2024		2023		2022
	Financial Statement Caption	(Dollars in thousands)
Canadian rent relief	Rent	$	—	$	—	$	1,235
Canadian wage relief	Company-owned salon expense	—		—		1,966
North Carolina COVID-19 grant	Other, net	—		1,106		—

Schedule of Cash and Cash Equivalents

The table below reconciles the cash and cash equivalents balances and restricted cash balances, recorded within other current assets on the Consolidated Balance Sheets to the amount of cash, cash equivalents and restricted cash reported on the Consolidated Statements of Cash Flows:

	June 30,
	2024		2023
	(Dollars in thousands)
Cash and cash equivalents	$	10,066	$	9,508
Restricted cash, included in other current assets (1)	19,246		11,888
Total cash, cash equivalents and restricted cash	$	29,312	$	21,396

_______________________________________________________________________________

(1)The increase in restricted cash in fiscal year 2024 is related to temporarily cash collateralizing the letters of credit as the Company transitioned to the new lender.

Schedule of Restricted Cash

The table below reconciles the cash and cash equivalents balances and restricted cash balances, recorded within other current assets on the Consolidated Balance Sheets to the amount of cash, cash equivalents and restricted cash reported on the Consolidated Statements of Cash Flows:

	June 30,
	2024		2023
	(Dollars in thousands)
Cash and cash equivalents	$	10,066	$	9,508
Restricted cash, included in other current assets (1)	19,246		11,888
Total cash, cash equivalents and restricted cash	$	29,312	$	21,396

_______________________________________________________________________________

(1)The increase in restricted cash in fiscal year 2024 is related to temporarily cash collateralizing the letters of credit as the Company transitioned to the new lender.

Schedule of Advertising Costs

The Company's advertising costs included in the Consolidated Statements of Operations consist of the following:

	Fiscal Years
	2024		2023		2022
	(Dollars in thousands)
Advertising fund contributions from franchisees	$	25,663	$	31,747	$	32,573
Advertising fund contributions from company-owned salons (1)	70		105		154
Corporate funded advertising costs (1) (2)	(28)		264		671
Total advertising costs	$	25,705	$	32,116	$	33,398

_____________________________________________________________________________

(1)Included in general and administrative in the Consolidated Statements of Operations.

(2)Corporate funded advertising costs for fiscal year 2024 relates to a credit received.