REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 31, 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:

	December 31, 2025		June 30, 2025		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	7,829	$	7,378	Receivables, net
Broker fees	5,040		5,997		Other assets
Deferred revenue:
Current
Gift card liability	$	631	$	476	Accrued expenses
Deferred franchise fees open salons	3,563		3,832		Accrued expenses
Total current deferred revenue	$	4,194	$	4,308
Non-current
Deferred franchise fees unopened salons	$	1,368	$	1,475	Other non-current liabilities
Deferred franchise fees open salons	7,613		9,394		Other non-current liabilities
Total non-current deferred revenue	$	8,981	$	10,869

Schedule of Allowance for Doubtful Accounts

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

	Six Months Ended December 31,
	2025		2024
	(Dollars in thousands)
Balance at beginning of period	$	5,015	$	6,227
Provision for doubtful accounts (1)	984		1,485
Provision for franchisee rent (2)	484		588
Recoveries	(999)		(694)
Other	63		73
Write-offs	(468)		(132)
Balance at end of period	$	5,079	$	7,547

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(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:

	Six Months Ended December 31,
	2025		2024
	(Dollars in thousands)
Balance at beginning of period	$	5,997	$	9,369
Amortization	(957)		(1,246)
Write-offs (1)	—		(1,131)
Balance at end of period	$	5,040	$	6,992

________________________________________________________________________________________

(1)Broker fees of $0.9 million were written off in connection with the Alline acquisition for the six months ended December 31, 2024.

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 December 31, 2025, is as follows (dollars in thousands):

Remainder of 2026	$	1,780
2027	3,282
2028	2,562
2029	1,433
2030	538
Thereafter	1,581
Total	$	11,176