REVENUE RECOGNITION (Tables)

12 Months Ended

Jun. 30, 2024

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 revenue recognition guidance is as follows:

	June 30, 2024		June 30, 2023		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	6,887	$	5,683	Receivable, net
Broker fees	9,369		12,471		Other assets
Deferred revenue:
Current
Gift card liability	$	366	$	1,823	Accrued expenses
Deferred franchise fees open salons	4,738		5,325		Accrued expenses
Total current deferred revenue	$	5,104	$	7,148
Non-current
Deferred franchise fees unopened salons	$	1,783	$	2,312	Other non-current liabilities
Deferred franchise fees open salons	14,972		20,839		Other non-current liabilities
Total non-current deferred revenue	$	16,755	$	23,151

Schedule of Rollforward of Allowance of Credit Losses

The following table is a rollforward of the allowance for credit losses for the periods indicated:

	Fiscal Years
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	7,297	$	6,559
	538		608
Provision for franchisee rent (2)	1,538		1,358
Reclass of accrued rent (3)	—		325
Recoveries	47		—
Other	(75)		106
Write-offs	(3,118)		(1,659)
Balance at end of period	$	6,227	$	7,297

_____________________________________________________________________________

(1)The provision for credit losses is recognized as general and administrative expense in the Consolidated Statements of Operations.

(2)The provision for franchisee rent is recognized as rent in the Consolidated Statements of Operations.

(3)The amounts billed in fiscal year 2023 and the related accrual were reclassified to allowance for credit losses.

Schedule of Rollforward of Broker Fees

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

	Fiscal Years
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	12,471	$	15,592
Amortization	(2,749)		(3,100)
Write-offs	(353)		(21)
Balance at end of period	$	9,369	$	12,471

Schedule of 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 June 30, 2024, is as follows (in thousands):

2025	$	4,738
2026	4,254
2027	3,795
2028	3,131
2029	2,360
Thereafter	1,432
Total	$	19,710