LEASES (Tables)

3 Months Ended

Sep. 30, 2026

Leases [Abstract]

Schedule of Total Rent from Continuing Operations

Total rent includes the following:

	Three Months Ended September 30,
	2026		2025
	(Dollars in thousands)
Office rent (1)	$	876	$	754
Lease termination expense (2)	64		123
Lease liability benefit (3)	(57)		(56)
Franchise salon rent	30		(242)
Company-owned salon rent	2,397		2,644
Total	$	3,310	$	3,223

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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 September 30, 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.

Schedule of Lessor, Future Operating Lease Commitments

As of September 30, 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 2027	$	41,484	$	5,222	$	1,054	$	47,760	$	(41,484)	$	6,276
2028	47,714		5,700		1,436		54,850		(47,714)		7,136
2029	37,276		3,946		1,472		42,694		(37,276)		5,418
2030	25,213		2,518		1,509		29,240		(25,213)		4,027
2031	11,914		1,299		—		13,213		(11,914)		1,299
Thereafter	14,274		458		—		14,732		(14,274)		458
Total future obligations	$	177,875	$	19,143	$	5,471	$	202,489	$	(177,875)	$	24,614
Less amounts representing interest	23,000		2,083		401		25,484
Present value of lease liability	$	154,875	$	17,060	$	5,070	$	177,005
Less short-term lease liability	45,374		5,828		1,227		52,429
Long-term lease liability	$	109,501	$	11,232	$	3,843	$	124,576

Schedule of Lessee, Future Operating Lease Commitments

As of September 30, 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 2027	$	41,484	$	5,222	$	1,054	$	47,760	$	(41,484)	$	6,276
2028	47,714		5,700		1,436		54,850		(47,714)		7,136
2029	37,276		3,946		1,472		42,694		(37,276)		5,418
2030	25,213		2,518		1,509		29,240		(25,213)		4,027
2031	11,914		1,299		—		13,213		(11,914)		1,299
Thereafter	14,274		458		—		14,732		(14,274)		458
Total future obligations	$	177,875	$	19,143	$	5,471	$	202,489	$	(177,875)	$	24,614
Less amounts representing interest	23,000		2,083		401		25,484
Present value of lease liability	$	154,875	$	17,060	$	5,070	$	177,005
Less short-term lease liability	45,374		5,828		1,227		52,429
Long-term lease liability	$	109,501	$	11,232	$	3,843	$	124,576