Nature of Operations and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2020

Schedule of Liabilities Subject to Compromise in Bankruptcy Reorganization Process

Liabilities subject to compromise in our condensed consolidated balance sheet include the following as of June 30, 2020 (in thousands):

Accounts payable	$	83,467
Accrued expenses		6,630
Operating lease liabilities		71,097
Lease liabilities - non-current		294,812
Other liabilities - non-current		333
Liabilities subject to compromise	$	456,339

Schedule of Restructuring, Impairment and Abandonment Charges

Restructuring, impairment, and abandonment charges total $113.5 million for the fiscal year ended June 30, 2020, and include the following (in thousands):

Restructuring costs:
Professional fees	$	5,212
Severance and compensation related costs		3,122
Total restructuring costs	$	8,334

Impairment costs:
Store long-lived assets	$	11,656
Distribution center long-lived assets		16,794
Operating lease right-of-use assets		51,626
Total impairment costs	$	80,076

Abandonment costs:
Accelerated recognition of operating lease right-of-use assets		25,082
Total abandonment costs	$	25,082

Total restructuring, impairment and abandonment costs	$	113,492

Summary of Property and Equipment Estimated Useful Lives

Buildings		30 years
Furniture and fixtures		3 to 7 years
Leasehold improvements		Shorter of useful life or lease term
Equipment		5 to 10 years
Assets under capital lease		Shorter of useful life or lease term
Software		3 to 10 years

Schedule of Fair Value Assumptions of Stock Option Granted

	Fiscal Years Ended June 30,
	2020	2019	2018
Weighted average risk-free interest rate	2.4%	2.3 - 2.9%	1.7 - 2.5%
Expected life of options (years)	4.6	3.8 - 5.0	3.8 - 4.9
Expected stock volatility	64.8%	49.0 - 64.8%	60.0 - 63.3%
Expected dividend yield	0.0%	0.0%	0.0%