ACQUISITIONS (Tables)

12 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions, by Acquisition

The fair value of total consideration transferred by the Company upon acquisition is $22.6 million, as detailed below.

Consideration	(Dollars in thousands)
Cash, net of cash acquired (1)	$	18,621
Equity instruments (140,552 of Regis common shares) (2)	3,000
Contingent consideration arrangement (3)	1,000
Fair value of total consideration	$	22,621

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(1)Includes cash transferred of $20.0 million, net of cash acquired of $1.4 million.

(2)The number of common shares (140,552) issued as part of the consideration paid for Alline was determined by dividing the $3.0 million by the 30-trading day volume weighted average price of the common stock as reported on the Nasdaq Global Market as of and including December 17, 2024.

(3)The contingent consideration arrangement requires Regis to pay the former owners of Alline additional cash consideration if certain 4-Wall EBITDA or Adjusted EBITDA thresholds are met for each of the three subsequent annual earnout periods as well as a cumulative 4-Wall EBITDA or Adjusted EBITDA threshold for the cumulative three subsequent annual earnout periods. The potential undiscounted amount of all future payments that Regis could be required to make under the contingent consideration arrangement is between $0 and $3.0 million. Regis recognized a fair value of $1.0 million as of June 30, 2025, which is included in other noncurrent liabilities in the Consolidated Balance Sheets. 4-Wall EBITDA is defined as earnings before interest, tax, depreciation and amortization and excluding corporate general and administrative expenses for acquired salons.

The following table provides revenues and operating income from Alline that are included in our Consolidated Financial Statements since the date of acquisition:

	December 19, 2024 through June 30, 2025
Total revenues	$	40,813
Operating income	2,424

Schedule of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair value of the assets acquired and liabilities assumed as of the acquisition date:

	(Dollars in thousands)
Current assets	$	3,630
Property and equipment	7,976
Goodwill (1)	10,252
Intangible assets (2)	3,780
Right of use assets	7,292
Other assets	56
Assumed current liabilities	(2,352)
Assumed lease liabilities	(8,013)
Fair value of total consideration	$	22,621

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(1)Preliminary Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Specifically, the goodwill that will be recorded as part of the acquisition of Alline includes the following:

a.the expected synergies and other benefits that we believe will result from combining the operations of Alline with the operations of Regis; and

b.any intangible assets that do not qualify for separate recognition.

Goodwill is not amortized and is deductible for tax purposes. All the goodwill related to the acquisition of Alline is related to our company-owned operating segment. The Company has obtained all the information required to finalize the valuation of the assets acquired and liabilities assumed, except for information related to certain assumed liabilities. As such, we expect that goodwill could change from the amount noted above.

(2)Intangible assets include $2.4 million related to the fair value of reacquired rights and $1.4 million related to the fair value of favorable leasehold interests, net.

a.The reacquired rights were valued using a form of the income approach where the asset's value is determined by its ability to generate future cash flows by isolating and discounting the cash flows attributable to the asset. The Company assumed a four-year life based on the weighted average remaining contract term, assuming no renewals.

b.Upon acquisition, the Company assumed lease agreements with lease payments fixed at a rate below the current market rate. As a result, a favorable lease asset of $1.4 million has been recorded on the balance sheet. This asset represents the benefit the Company receives from having lease payments below market and will be amortized to rent expense on a straight-line basis over the remaining terms of the respective leases.

Schedule of Business Acquisition, Pro Forma Information

The following table presents pro forma information as if the Alline Acquisition had occurred on July 1, 2022:

	For the Fiscal Year Ended June 30,
	2025		2024		2023
Total revenues	$	239,350	$	277,210	$	309,025
Operating income	24,066		22,575		10,230