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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Revenues:    
Franchise $ 21,636 $ 24,667
Total revenue 46,060 53,372
Operating expenses:    
General and administrative 14,034 10,729
Rent 21,600 24,700
Advertising fund expense 5,641 7,226
Depreciation and amortization 446 370
Long lived asset impairment 352 0
Total operating expenses 43,926 45,938
Operating income 2,134 7,434
Other (expense) income:    
Interest expense (4,846) (6,188)
Other, net 677 (200)
(Loss) income from operations before income taxes (2,035) 1,046
Income tax benefit 225 148
(Loss) income from continuing operations (1,810) 1,194
Income from discontinued operations (Note 3) 957 0
Net (loss) income $ (853) $ 1,194
Basic:    
(Loss) income from continuing operations, basic (in dollars per share) $ (0.77) $ 0.51
Income from discontinued operations, basic (in dollars per share) 0.41 0
Net (loss) income per share, basic (in dollars per share) [1] (0.36) 0.51
Diluted:    
(Loss) income from continuing operations, diluted (in dollars per share) (0.77) 0.51
Income from discontinued operations, diluted (in dollars per share) 0.41 0
Net (loss) income per share, diluted (in dollars per share) [1] $ (0.36) $ 0.51
Weighted average common and common equivalent shares outstanding:    
Basic (in shares) 2,343 2,332
Diluted (in shares) 2,343 2,362
Non-Franchise Lease    
Operating expenses:    
Rent $ 1,064 $ 1,097
Franchisor    
Operating expenses:    
Rent 21,636 24,667
Royalties    
Revenues:    
Revenues 15,646 16,528
Fees    
Revenues:    
Revenues 2,352 2,631
Franchisees products    
Revenues:    
Revenues 0 384
Operating expenses:    
Cost of product sales to franchisees 0 359
Advertising fund contributions    
Revenues:    
Revenues 5,641 7,226
Company-owned salon revenue    
Revenues:    
Revenues 785 1,936
Operating expenses:    
Company-owned salon expense [2] $ 753 $ 1,490
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.
[2] Includes cost of service and product sold to guests in our company-owned salons. Excludes general and administrative expense, rent, and depreciation and amortization related to company-owned salons