REVENUE RECOGNITION (Tables)

9 Months Ended

Mar. 31, 2026

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:

	March 31, 2026		June 30, 2025		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	7,493	$	7,378	Receivables, net
Broker fees	4,572		5,997		Other assets
Deferred revenue:
Current
Gift card liability	$	419	$	476	Accrued expenses
Deferred franchise fees open salons	3,454		3,832		Accrued expenses
Total current deferred revenue	$	3,873	$	4,308
Non-current
Deferred franchise fees unopened salons	$	984	$	1,475	Other non-current liabilities
Deferred franchise fees open salons	6,975		9,394		Other non-current liabilities
Total non-current deferred revenue	$	7,959	$	10,869

Schedule of Allowance for Doubtful Accounts

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

	Nine Months Ended March 31,
	2026		2025
	(Dollars in thousands)
Balance at beginning of period	$	5,015	$	6,227
Provision for doubtful accounts (1)	1,109		2,234
Provision for franchisee rent (2)	515		784
Recoveries	(1,209)		(1,495)
Other	33		(68)
Write-offs	(1,058)		(2,755)
Balance at end of period	$	4,405	$	4,927

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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:

	Nine Months Ended March 31,
	2026		2025
	(Dollars in thousands)
Balance at beginning of period	$	5,997	$	9,369
Amortization	(1,425)		(1,820)
Write-offs (1)	—		(1,150)
Balance at end of period	$	4,572	$	6,399

________________________________________________________________________________________

(1)Broker fees of $0.9 million were written off in connection with the Alline acquisition for the nine months ended March 31, 2025.

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 March 31, 2026, is as follows (dollars in thousands):

Remainder of 2026	$	863
2027	3,255
2028	2,464
2029	1,157
2030	419
Thereafter	2,271
Total	$	10,429