REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 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:

	September 30, 2026		June 30, 2026		Balance Sheet Classification
	(Dollars in thousands)
Receivables from contracts with customers, net	$	7,872	$	7,622	Receivables, net
Broker fees	3,674		4,115		Other assets
Deferred revenue:
Current
Gift card liability	$	263	$	324	Accrued expenses
Deferred franchise fees open salons	3,118		3,285		Accrued expenses
Total current deferred revenue	$	3,381	$	3,609
Non-current
Deferred franchise fees unopened salons	$	688	$	688	Other non-current liabilities
Deferred franchise fees open salons	5,591		6,213		Other non-current liabilities
Total non-current deferred revenue	$	6,279	$	6,901

Schedule of Allowance for Doubtful Accounts

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

	Three Months Ended September 30,
	2026		2025
	(Dollars in thousands)
Balance at beginning of period	$	3,760	$	5,015
Provision for doubtful accounts (1)	188		453
Provision for franchisee rent (2)	(52)		267
Recoveries	(140)		(714)
Other	(67)		5
Write-offs	(15)		(398)
Balance at end of period	$	3,674	$	4,628

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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:

	Three Months Ended September 30,
	2026		2025
	(Dollars in thousands)
Balance at beginning of period	$	4,115	$	5,997
Amortization	(441)		(492)
Balance at end of period	$	3,674	$	5,505

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 September 30, 2026, is as follows (Dollars in thousands):

Remainder of fiscal year 2027	$	2,453
2028	2,553
2029	1,841
2030	852
2031	294
Thereafter	716
Total	$	8,709