REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 2025

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 revenue recognition guidance is as follows:

	September 30, 2025		June 30, 2025		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	7,497	$	7,378	Receivables, net
Broker fees	5,505		5,997		Other assets
Deferred revenue:
Current
Gift card liability	$	402	$	476	Accrued expenses
Deferred franchise fees open salons	3,690		3,832		Accrued expenses
Total current deferred revenue	$	4,092	$	4,308
Non-current
Deferred franchise fees unopened salons	$	1,396	$	1,475	Other non-current liabilities
Deferred franchise fees open salons	8,466		9,394		Other non-current liabilities
Total non-current deferred revenue	$	9,862	$	10,869

Schedule of Allowance for Doubtful Accounts

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

	Three Months Ended September 30,
	2025		2024
	(Dollars in thousands)
Balance at beginning of period	$	5,015	$	6,227
Provision for doubtful accounts (1)	453		689
Provision for franchisee rent (2)	267		127
Recoveries	(714)		(237)
Other	5		243
Write-offs	(398)		(142)
Balance at end of period	$	4,628	$	6,907

________________________________________________________________________________________

(1)The provision for doubtful accounts is recognized as general and administrative expense in the Condensed Consolidated Statements of Operations.

(2)The provision for franchisee rent is recognized as rent in the Condensed Consolidated Statements of Operations.

Schedule of Rollforward of Broker Fees

The following table is a rollforward of the broker fee balance for the periods indicated:

	Three Months Ended September 30,
	2025		2024
	(Dollars in thousands)
Balance at beginning of period	$	5,997	$	9,369
Amortization	(492)		(617)
Write-offs	—		(192)
Balance at end of period	$	5,505	$	8,560

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 September 30, 2025, is as follows (dollars in thousands):

Remainder of 2026	$	2,766
2027	3,303
2028	2,624
2029	1,702
2030	692
Thereafter	1,069
Total	$	12,156