REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 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 current revenue recognition guidance is as follows:

	September 30, 2024		June 30, 2024		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	6,799	$	6,887	Receivables, net
Broker fees	8,560		9,369		Other assets
Deferred revenue:
Current
Gift card liability	$	334	$	366	Accrued expenses
Deferred franchise fees open salons	4,549		4,738		Accrued expenses
Total current deferred revenue	$	4,883	$	5,104
Non-current
Deferred franchise fees unopened salons	$	1,755	$	1,783	Other non-current liabilities
Deferred franchise fees open salons	13,608		14,972		Other non-current liabilities
Total non-current deferred revenue	$	15,363	$	16,755

Schedule of Allowance for Doubtful Accounts

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

	Three Months Ended September 30,
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	6,227	$	7,297
Provision for doubtful accounts	689		211
Provision for franchisee rent	127		167
Recoveries	(237)		(237)
Write-offs	(142)		(991)
Other (1)	243		(56)
Balance at end of period	$	6,907	$	6,391

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(1)Includes currency fluctuation.

Schedule of Rollforward of Broker Fees

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

	Three Months Ended September 30,
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	9,369	$	12,471
Amortization	(617)		(739)
Write-offs	(192)		(109)
Balance at end of period	$	8,560	$	11,623

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 September 30, 2024, is as follows (dollars in thousands):

Remainder of 2025	$	3,412
2026	4,176
2027	3,717
2028	3,037
2029	2,046
Thereafter	1,769
Total	$	18,157