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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Revenues:      
Franchise rental income (Note 6) $ 76,599 $ 95,258 $ 111,441
Total revenue 210,134 202,982 233,326
Operating expenses:      
Inventory reserve 0 0 1,228
General and administrative 46,764 45,387 50,751
Rent 76,600 95,300 111,400
Advertising fund expense 21,924 25,663 31,747
Depreciation and amortization 2,966 3,945 7,716
Long-lived asset impairment (Note 1) 352 798 101
Total operating expenses 190,195 182,092 224,547
Operating income 19,939 20,890 8,779
Other (expense) income:      
Interest expense (20,252) (25,393) (22,141)
Gain on extinguishment of long-term debt, net 0 94,611 0
Other, net 1,849 (172) 1,364
Income (loss) from operations before income taxes 1,536 89,936 (11,998)
Income tax benefit (expense) 115,496 (869) 655
Income (loss) from continuing operations 117,032 89,067 (11,343)
Income from discontinued operations, net of income taxes (Note 3) 6,504 1,993 3,958
Net income (loss) $ 123,536 $ 91,060 $ (7,385)
Basic:      
Income (loss) from continuing operations (in dollars per share) $ 49.51 $ 38.08 $ (4.88)
Income from discontinued operations (in dollars per share) 2.75 0.85 1.70
Net income (loss) per share, basic (in dollars per share) [1] 52.26 38.93 (3.18)
Diluted:      
Income (loss) from continuing operations (in dollars per share) 43.67 37.50 (4.88)
Income from discontinued operations (in dollars per share) 2.43 0.84 1.70
Net income (loss) per share, diluted (in dollars per share) [1] $ 46.10 $ 38.34 $ (3.18)
Weighted average common and common equivalent shares outstanding:      
Basic (in shares) 2,364 2,339 2,323
Diluted (in shares) 2,680 2,375 2,323
Non Franchise Lease      
Operating expenses:      
Rent $ 10,487 $ 5,525 $ 9,196
Franchisor      
Operating expenses:      
Rent 76,599 95,258 111,441
Royalties      
Revenues:      
Revenues 58,163 64,098 65,981
Fees      
Revenues:      
Revenues 9,717 10,189 11,266
Franchisees products      
Revenues:      
Revenues 0 451 2,802
Operating expenses:      
Cost of product sales to franchisees 0 436 3,540
Inventory reserve     1,228
Advertising fund contributions      
Revenues:      
Revenues 21,924 25,663 31,747
Company-owned salon      
Revenues:      
Revenues 43,731 7,323 10,089
Operating expenses:      
Company-owned salon expense (Note 1) $ 31,103 $ 5,080 $ 8,827
[1] Total is a recalculation; line items calculated individually may not sum to total due to rounding.