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SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Segment information is presented on the same basis that the Company internally organizes the business for assessing performance and making decisions regarding allocation of resources. The Company's Chief Operating Decision Maker's (CODM) primary measures of segment performance are revenue and segment adjusted EBITDA. The Company’s Chief Executive Officer is the CODM. Revenue and segment adjusted EBITDA are regularly reviewed by the CODM to make decisions about resources to be allocated to the segments, assess current performance, and forecast future performance. The Company's CODM does not evaluate reportable segments using assets and capital expenditure information. Segment adjusted EBITDA is defined as income (loss) from continuing operations before interest, income taxes, depreciation, amortization, and impairment. Beginning in fiscal year 2025, management determined that stock-based compensation expenses will be excluded from adjusted EBITDA. This change has been retrospectively applied to all prior periods presented in this report. Consistent with our internal management reporting, unallocated expenses include certain items impacting comparability. These unallocated items are not defined terms within U.S. GAAP. They are based on how management views the business, makes financial, operating and planning decisions and evaluates the Company's ongoing performance and are not attributable to either segment. Unallocated fees include distribution center wind down fees, inventory reserve, one-time professional fees and settlements, severance expense, the benefit from lease liability decreases in excess of previously impaired ROU assets, lease termination fees, asset retirement obligation costs, goodwill and long-lived asset impairment charges, and the benefit from the Company's debt refinancing. Figures for prior reporting periods have been restated to conform with the accounting requirements of the current period.

Financial information concerning the Company's reportable operating segments is shown in the tables below.

 For the Year Ended June 30, 2025
 (Dollars in thousands)
FranchiseCompany-ownedConsolidated
Total revenue$166,403 $43,731 $210,134 
Expenses
General and administrative$42,769 $3,995 $46,764 
Rent3,413 7,074 10,487 
Non-margin expenses (1)98,523 — 98,523 
Company-owned salon expense— 31,103 31,103 
Depreciation and amortization1,194 1,772 2,966 
Long-lived asset impairment352 — 352 
Operating income (loss)$20,152 $(213)$19,939 
Unallocated income, net (2)103,597 
Total net income$123,536 
Segment adjusted EBITDA$28,362 $3,213 $31,575 
_______________________________________________________________________________
(1)Non-margin expenses include advertising fund and franchise rent expenses which are offset in total revenue and, as such, not used as a primary measure of performance by our CODM.
(2)Unallocated income, net includes release of valuation allowance.
Financial information reconciling the Company's reportable operating segments Operating income (loss) to Adjusted EBITDA is shown in the tables below.
 For the Year Ended June 30, 2025
 (Dollars in thousands)
FranchiseCompany-ownedConsolidated
Operating income (loss)$20,152 $(213)$19,939 
Depreciation and amortization1,194 1,772 2,966 
Other, net1,624 — 1,624 
Discrete items (1)5,392 1,654 7,046 
Segment adjusted EBITDA$28,362 $3,213 $31,575 
_______________________________________________________________________________
(1)Discrete items include one-time professional fees and legal settlements, severance expense, the benefit from lease liability decreases in excess of previously impaired right of use asset, lease termination fees and asset retirement obligation costs.

 
For the Year Ended June 30, 2024
(Dollars in thousands)
FranchiseCompany-ownedConsolidated
Total revenue$195,659 $7,323 $202,982 
Expenses
Cost of product sales to franchisees$436 $— $436 
General and administrative44,778 609 45,387 
Rent3,450 2,075 5,525 
Non-margin expenses (1)120,921 — 120,921 
Company-owned salon expense— 5,080 5,080 
Depreciation and amortization3,095 850 3,945 
Long-lived asset impairment798 — 798 
Operating income (loss)$22,181 $(1,291)$20,890 
Unallocated income, net (2)70,170 
Total net income$91,060 
Segment adjusted EBITDA$27,815 $(323)$27,492 
_______________________________________________________________________________
(1)Non-margin expenses include advertising fund and franchise rent expenses which are offset in total revenue and, as such, not used as a primary measure of performance by our CODM.
(2)Unallocated income, net includes extinguishment of long-term debt.
Financial information reconciling the Company's reportable operating segments Operating income (loss) to Adjusted EBITDA is shown in the tables below.
 For the Year Ended June 30, 2024
 (Dollars in thousands)
FranchiseCompany-ownedConsolidated
Operating income (loss)$22,181 $(1,291)$20,890 
Depreciation and amortization3,095 850 3,945 
Other, net(172)— (172)
Discrete items (1)2,711 118 2,829 
Segment adjusted EBITDA$27,815 $(323)$27,492 
_______________________________________________________________________________
(1)Discrete items include one-time professional fees and legal settlements, severance expense, the benefit from lease liability decreases in excess of previously impaired right of use asset, lease termination fees and asset retirement obligation costs.

 For the Year Ended June 30, 2023
(Dollars in thousands)
FranchiseCompany-ownedConsolidated
Total revenue$223,237 $10,089 $233,326 
Expenses
Cost of product sales to franchisees$3,540 $— $3,540 
Inventory reserve— 1,228 1,228 
General and administrative50,074 677 50,751 
Rent4,664 4,532 9,196 
Non-margin expenses (1)143,188 — 143,188 
Company-owned salon expense— 8,827 8,827 
Depreciation and amortization6,919 797 7,716 
Long-lived asset impairment101 — 101 
Operating income (loss)$14,751 $(5,972)$8,779 
Unallocated income, net(16,164)
Total net loss$(7,385)
Segment adjusted EBITDA$25,107 $(1,788)$23,319 
_______________________________________________________________________________
(1)Non-margin expenses include advertising fund and franchise rent expenses which are offset in total revenue and, as such, not used as a primary measure of performance by our CODM.
Financial information reconciling the Company's reportable operating segments Operating income (loss) to Adjusted EBITDA is shown in the tables below.
 For the Year Ended June 30, 2023
 (Dollars in thousands)
FranchiseCompany-ownedConsolidated
Operating income (loss)$14,751 $(5,972)$8,779 
Depreciation and amortization6,919 797 7,716 
Other, net(86)1,450 1,364 
Discrete items (1)3,523 1,937 5,460 
Segment adjusted EBITDA$25,107 $(1,788)$23,319 
_______________________________________________________________________________
(1)Discrete items include one-time professional fees and legal settlements, inventory reserve, severance expense, the benefit from lease liability decreases in excess of previously impaired right of use asset, lease termination fees and asset retirement obligation costs.

The Franchise reportable operating segment is comprised of franchise salons located mainly in strip center locations and Walmart stores. Franchise salons offer high quality, convenient and value-priced hair care and beauty services and retail products. This segment operates primarily in the U.S., Puerto Rico, and Canada and primarily includes the Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, Roosters, and Magicuts concepts.
The company-owned salons reportable operating segment is comprised of company-owned salons located mainly in strip center locations and Walmart stores. Company-owned salons offer high quality, convenient and value priced hair care and beauty services and retail products. SmartStyle, Supercuts, Cost Cutters and other regional trade names operating in the U.S. and Canada are generally within the company-owned salons segment.
Segment information is prepared on the same basis that the CODM reviews financial information for operational decision-making purposes. The Company's reportable operating segments consisted of the following salons:
June 30,
20252024
FRANCHISE SALONS:
Supercuts
1,711 1,946 
SmartStyle/Cost Cutters in Walmart stores
1,049 1,232 
Portfolio Brands
816 1,117 
Total North American salons
3,576 4,295 
Total International salons (1)
71 96 
Total franchise salons
3,647 4,391 
as a percent of total franchise and company-owned salons
92.5 %99.6 %
COMPANY-OWNED SALONS (2):
Supercuts
100 3 
SmartStyle/Cost Cutters in Walmart stores
— 8 
Portfolio Brands
194 6 
Total company-owned salons
294 17 
as a percent of total franchise and company-owned salons
7.5 %0.4 %
Total franchise and company-owned salons
3,941 4,408 
_______________________________________________________________________________
(1)Canadian and Puerto Rican salons are included in the North American salon totals.
(2)Salon counts as of June 30, 2025, include salons acquired as part of the Alline Acquisition. See Note 16 to the Consolidated Financial Statements.

Total revenues and property and equipment, net associated with business operations in the U.S. and all other countries in aggregate were as follows:
 June 30,
 202520242023
 Total
Revenues		Property and
Equipment, Net		Total
Revenues		Property and
Equipment, Net		Total
Revenues		Property and
Equipment, Net
 (Dollars in thousands)
U.S. $194,211 $10,085 $183,465 $3,663 $211,429 $6,410 
Other countries15,923 — 19,517 1 21,897 12 
Total$210,134 $10,085 $202,982 $3,664 $233,326 $6,422