LEASES (Tables)

9 Months Ended

Mar. 31, 2026

Leases [Abstract]

Schedule of Total Rent from Continuing Operations

Total rent includes the following:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	(Dollars in thousands)
Office rent (1)	$	672	$	737	$	2,105	$	2,164
Lease termination expense (2)	227		70		432		149
Lease liability benefit (3)	(54)		(81)		(165)		(209)
Franchise salon rent	298		313		346		1,264
Company-owned salon rent (4)	2,479		3,019		7,725		3,903
Total	$	3,622	$	4,058	$	10,443	$	7,271

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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 March 31, 2026, and 2025, and $0.9 million for both nine month periods ended March 31, 2026, and 2025.

(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 March 31, 2026, 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	$	14,469	$	1,886	$	347	$	16,702	$	(14,469)	$	2,233
2027	53,895		6,513		1,401		61,809		(53,895)		7,914
2028	45,598		4,806		1,436		51,840		(45,598)		6,242
2029	36,097		3,055		1,472		40,624		(36,097)		4,527
2030	24,836		1,817		1,509		28,162		(24,836)		3,326
Thereafter	29,162		756		—		29,918		(29,162)		756
Total future obligations	$	204,057	$	18,833	$	6,165	$	229,055	$	(204,057)	$	24,998
Less amounts representing interest	29,448		1,974		511		31,933
Present value of lease liability	$	174,609	$	16,859	$	5,654	$	197,122
Less short-term lease liability	45,365		6,008		1,185		52,558
Long-term lease liability	$	129,244	$	10,851	$	4,469	$	144,564

Schedule of Lessee, Future Operating Lease Commitments

As of March 31, 2026, 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	$	14,469	$	1,886	$	347	$	16,702	$	(14,469)	$	2,233
2027	53,895		6,513		1,401		61,809		(53,895)		7,914
2028	45,598		4,806		1,436		51,840		(45,598)		6,242
2029	36,097		3,055		1,472		40,624		(36,097)		4,527
2030	24,836		1,817		1,509		28,162		(24,836)		3,326
Thereafter	29,162		756		—		29,918		(29,162)		756
Total future obligations	$	204,057	$	18,833	$	6,165	$	229,055	$	(204,057)	$	24,998
Less amounts representing interest	29,448		1,974		511		31,933
Present value of lease liability	$	174,609	$	16,859	$	5,654	$	197,122
Less short-term lease liability	45,365		6,008		1,185		52,558
Long-term lease liability	$	129,244	$	10,851	$	4,469	$	144,564