FAIR VALUE MEASUREMENTS

3 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS:

Fair value measurements are categorized into one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs available at the measurement date, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data).

Assets and Liabilities Measured at Fair Value on a Recurring Basis

As of September 30, 2026, and June 30, 2026, the estimated fair value of the Company's cash, cash equivalents, restricted cash, receivables, inventory, deferred compensation assets, debt, and accounts payable approximated their carrying values.

In December 2024, the Company acquired Alline, its largest franchisee, which included a contingent consideration arrangement requiring additional cash payments to Alline's former owners if certain EBITDA thresholds are met over three subsequent annual earn-out periods. The earn-out liability is recorded at estimated fair value within other noncurrent liabilities on the unaudited Condensed Consolidated Balance Sheets utilizing the Monte Carlo simulation, which is a Level 3 input, and changes in fair value are reported in the unaudited Condensed Consolidated Statements of Operations.

The change in the earn-out liability measured at fair value using significant unobservable inputs (Level 3) is as follows:

	Three Months Ended September 30,
	2026		2025
	(Dollars in thousands)
Earn-out liability at beginning of period	$	—	$	1,000
Less gain on earn-out liability	—		1,000
Earn-out liability at end of period	$	—	$	—

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

We measure certain assets, including the Company's tangible fixed and other assets, and goodwill, at fair value on a nonrecurring basis when they are deemed to be other than temporarily impaired. The fair values of these assets are determined, when applicable, based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections.