LEASES (Tables)

3 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of Total Rent from Continuing Operations

Total rent includes the following:

	Three Months Ended September 30,
	2025		2024
	(Dollars in thousands)
Office rent (1)	$	754	$	726
Lease termination expense (2)	123		52
Lease liability benefit (3)	(56)		(62)
Franchise salon rent	(242)		71
Company-owned salon rent (4)	2,644		277
Total	$	3,223	$	1,064

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(1)Rental income associated with the sublease of the corporate office space is recorded in other income and was $0.3 million and $0.2 million for the three months ended September 30, 2025, and 2024, respectively.

(2)Costs incurred to exit salons before the lease end date in order to relieve the company of future lease obligations.

(3)Upon termination of previously impaired leases, the Company derecognizes the corresponding ROU assets and lease liabilities which results in a net gain. In addition, the Company recognizes a benefit from lease liabilities decreasing in excess of previously impaired ROU assets for ongoing leases that were previously impaired.

(4)Includes rent related to the Alline salons acquired in December 2024. See Note 13.

Schedule of Lessor, Future Operating Lease Commitments

As of September 30, 2025, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (dollars in thousands):

Fiscal Year	Leases for Franchise Salons		Leases for Company-Owned Salons		Corporate Leases		Total Operating Lease Payments		Sublease Income to be Received from Franchisees		Net Rent Commitments
Remainder of 2026	$	48,879	$	5,560	$	1,028	$	55,467	$	(48,879)	$	6,588
2027	57,725		5,679		1,401		64,805		(57,725)		7,080
2028	48,508		3,886		1,436		53,830		(48,508)		5,322
2029	38,279		2,237		1,472		41,988		(38,279)		3,709
2030	25,301		1,099		1,509		27,909		(25,301)		2,608
Thereafter	27,897		218		—		28,115		(27,897)		218
Total future obligations	$	246,589	$	18,679	$	6,846	$	272,114	$	(246,589)	$	25,525
Less amounts representing interest	35,737		1,860		633		38,230
Present value of lease liability	$	210,852	$	16,819	$	6,213	$	233,884
Less short-term lease liability	52,152		6,279		1,144		59,575
Long-term lease liability	$	158,700	$	10,540	$	5,069	$	174,309

Schedule of Lessee, Future Operating Lease Commitments

As of September 30, 2025, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (dollars in thousands):

Fiscal Year	Leases for Franchise Salons		Leases for Company-Owned Salons		Corporate Leases		Total Operating Lease Payments		Sublease Income to be Received from Franchisees		Net Rent Commitments
Remainder of 2026	$	48,879	$	5,560	$	1,028	$	55,467	$	(48,879)	$	6,588
2027	57,725		5,679		1,401		64,805		(57,725)		7,080
2028	48,508		3,886		1,436		53,830		(48,508)		5,322
2029	38,279		2,237		1,472		41,988		(38,279)		3,709
2030	25,301		1,099		1,509		27,909		(25,301)		2,608
Thereafter	27,897		218		—		28,115		(27,897)		218
Total future obligations	$	246,589	$	18,679	$	6,846	$	272,114	$	(246,589)	$	25,525
Less amounts representing interest	35,737		1,860		633		38,230
Present value of lease liability	$	210,852	$	16,819	$	6,213	$	233,884
Less short-term lease liability	52,152		6,279		1,144		59,575
Long-term lease liability	$	158,700	$	10,540	$	5,069	$	174,309