FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2013

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities measured at fair value on a nonrecurring basis

	Fiscal Year 2013		Level 1		Level 2		Level 3		Total Losses
	(Dollars in thousands)
Assets
Investment in affiliates—EEG(1)	$	41,997	$	—	$	—	$	41,997	$	(17,899	)
Total	$	41,997	$	—	$	—	$	41,997	$	(17,899	)

(1)

The Company's investment in EEG with a carrying value of $59.9 million was written down to its implied fair value of $42.0 million, resulting in an impairment charge of $17.9 million. See Note 5 to the Consolidated Financial Statements for further information.

	Fiscal Year 2012		Level 1		Level 2		Level 3		Total Losses
	(Dollars in thousands)
Assets
Goodwill—Regis(1)	$	35,083	$	—	$	—	$	35,083	$	(67,684	)
Investment in affiliates—EEG(2)		59,683		—		—		59,683		(19,426	)
Investment in affiliates—Provalliance(3)		101,304		—		—		101,304		(37,383	)
Total	$	196,070	$	—	$	—	$	196,070	$	(124,493	)

(1)

Goodwill of the Regis salon concept with a carrying value of $102.8 million was written down to its implied fair value, resulting in an impairment charge of $67.7 million. See Note 4 to the Consolidated Financial Statements for further information.

(2)

The Company's investment in EEG with a carrying value of $79.1 million was written down to its implied fair value of $59.7 million, resulting in an impairment charge of $19.4 million. See Note 5 to the Consolidated Financial Statements for further information.

(3)

The Company's investment in Provalliance was written down to its implied fair value, resulting in an impairment charge of $37.4 million. See Note 5 to the Consolidated Financial Statements for further information.