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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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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.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
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