LEASES (Tables)

6 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Total Rent from Continuing Operations

Total rent includes the following:

	Three Months Ended December 31,				Six Months Ended December 31,
	2025		2024		2025		2024
	(Dollars in thousands)
Office rent (1)	$	679	$	700	$	1,433	$	1,426
Lease termination expense (2)	82		27		206		79
Lease liability benefit (3)	(56)		(65)		(111)		(128)
Franchise salon rent	292		881		48		952
Company-owned salon rent (4)	2,601		606		5,245		884
Total	$	3,598	$	2,149	$	6,821	$	3,213

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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 for both three month periods ended December 31, 2025, and 2024, and $0.6 million for both six month periods ended December 31, 2025, and 2024.

(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 salons acquired in the December 2024 Alline acquisition. See Note 13.

Schedule of Lessor, Future Operating Lease Commitments

As of December 31, 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	$	33,178	$	3,752	$	689	$	37,619	$	(33,178)	$	4,441
2027	60,317		6,143		1,401		67,861		(60,317)		7,544
2028	50,787		4,372		1,436		56,595		(50,787)		5,808
2029	39,914		2,633		1,472		44,019		(39,914)		4,105
2030	26,998		1,402		1,509		29,909		(26,998)		2,911
Thereafter	32,574		362		—		32,936		(32,574)		362
Total future obligations	$	243,768	$	18,664	$	6,507	$	268,939	$	(243,768)	$	25,171
Less amounts representing interest	35,752		1,876		571		38,199
Present value of lease liability	$	208,016	$	16,788	$	5,936	$	230,740
Less short-term lease liability	52,639		6,155		1,164		59,958
Long-term lease liability	$	155,377	$	10,633	$	4,772	$	170,782

Schedule of Lessee, Future Operating Lease Commitments

As of December 31, 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	$	33,178	$	3,752	$	689	$	37,619	$	(33,178)	$	4,441
2027	60,317		6,143		1,401		67,861		(60,317)		7,544
2028	50,787		4,372		1,436		56,595		(50,787)		5,808
2029	39,914		2,633		1,472		44,019		(39,914)		4,105
2030	26,998		1,402		1,509		29,909		(26,998)		2,911
Thereafter	32,574		362		—		32,936		(32,574)		362
Total future obligations	$	243,768	$	18,664	$	6,507	$	268,939	$	(243,768)	$	25,171
Less amounts representing interest	35,752		1,876		571		38,199
Present value of lease liability	$	208,016	$	16,788	$	5,936	$	230,740
Less short-term lease liability	52,639		6,155		1,164		59,958
Long-term lease liability	$	155,377	$	10,633	$	4,772	$	170,782