REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 31, 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:

	December 31, 2024		June 30, 2024		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	6,923	$	6,887	Receivables, net
Broker fees	6,992		9,369		Other assets
Deferred revenue:
Current
Gift card liability	$	784	$	366	Accrued expenses
Deferred franchise fees open salons	4,220		4,738		Accrued expenses
Total current deferred revenue	$	5,004	$	5,104
Non-current
Deferred franchise fees unopened salons	$	1,580	$	1,783	Other non-current liabilities
Deferred franchise fees open salons	11,797		14,972		Other non-current liabilities
Total non-current deferred revenue	$	13,377	$	16,755

Schedule of Allowance for Doubtful Accounts

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

	Six Months Ended December 31,
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	6,227	$	7,297
Provision for doubtful accounts	1,485		459
Provision for franchisee rent	588		351
Recoveries	(694)		(333)
Write-offs	(132)		(1,399)
Other (1)	73		(67)
Balance at end of period	$	7,547	$	6,308

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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:

	Six Months Ended December 31,
	2024		2023
	(Dollars in thousands)
Balance at beginning of period	$	9,369	$	12,471
Amortization	(1,246)		(1,415)
Write-offs (1)	(1,131)		(111)
Balance at end of period	$	6,992	$	10,945

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(1)Broker fees of $0.9 million were written off in connection with the Alline acquisition for the three and six months ended December 31, 2024.

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 December 31, 2024, is as follows (dollars in thousands):

Remainder of 2025	$	2,110
2026	3,977
2027	3,518
2028	2,796
2029	1,603
Thereafter	2,013
Total	$	16,017