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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Jun. 30, 2014
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED) | QUARTERLY FINANCIAL DATA (UNAUDITED) Refer to Management's Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7 in this Form 10-K for explanations of items, which impacted fiscal years 2014 and 2013 revenues, operating and net (loss) income. Summarized quarterly data for fiscal years 2014 and 2013 follows:
|  | Quarter Ended |  |
|  | September 30(e) |  | December 31 |  | March 31 |  | June 30 |  | Year Ended
|  | (Dollars in thousands, except per share amounts)
2014 |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 468,583 |  |  | $ | 468,367 |  |  | $ | 471,561 |  |  | $ | 483,926 |  |  | $ | 1,892,437 |
Cost of service and product revenues, excluding depreciation and amortization |  | 269,039 |  |  | 273,874 |  |  | 272,490 |  |  | 279,095 |  |  | 1,094,498 |
Operating income (loss)(a) |  | 1,429 |  |  | (34,660 | ) |  | (3,221 | ) |  | 2,462 |  |  | (33,990 | )
(Loss) income from continuing operations(a)(b) |  | (136 | ) |  | (109,085 | ) |  | (10,093 | ) |  | (17,766 | ) |  | (137,080 | )
Income from discontinued operations(c) |  | — |  |  | — |  |  | 609 |  |  | 744 |  |  | 1,353 |
Net (loss) income (a)(b)(c) |  | (136 | ) |  | (109,085 | ) |  | (9,484 | ) |  | (17,022 | ) |  | (135,727 | )
(Loss) income from continuing operations per share, basic and diluted(d) |  | — |  |  | (1.93 | ) |  | (0.18 | ) |  | (0.31 | ) |  | (2.43 | )
Income from discontinued operations per share, basic and diluted |  | — |  |  | — |  |  | 0.01 |  |  | 0.01 |  |  | 0.02 |
Net (loss) income per basic and diluted share(d) |  | — |  |  | (1.93 | ) |  | (0.17 | ) |  | (0.30 | ) |  | (2.40 | )
Dividends declared per share |  | 0.06 |  |  | 0.06 |  |  | — |  |  | — |  |  | 0.12 |
|  | Quarter Ended |  |
|  | September 30 |  | December 31 |  | March 31 |  | June 30(e) |  | Year Ended
|  | (Dollars in thousands, except per share amounts)
2013 |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 505,360 |  |  | $ | 506,165 |  |  | $ | 504,937 |  |  | $ | 502,251 |  |  | $ | 2,018,713 |
Cost of service and product revenues, excluding depreciation and amortization |  | 285,660 |  |  | 289,329 |  |  | 287,597 |  |  | 296,678 |  |  | 1,159,264 |
Operating income (loss)(a) |  | 9,273 |  |  | 8,723 |  |  | 3,308 |  |  | (8,978 | ) |  | 12,326 |
Income (loss) from continuing operations(a)(b) |  | 34,647 |  |  | (16,119 | ) |  | 896 |  |  | (15,258 | ) |  | 4,166 |
Income (loss) from discontinued operations(c) |  | 3,777 |  |  | 3,853 |  |  | 1,465 |  |  | 15,933 |  |  | 25,028 |
Net income (loss)(a)(b)(c) |  | 38,424 |  |  | (12,266 | ) |  | 2,361 |  |  | 675 |  |  | 29,194 |
Income (loss) from continuing operations per share, basic |  | 0.60 |  |  | (0.28 | ) |  | 0.02 |  |  | (0.27 | ) |  | 0.07 |
Income (loss) from discontinued operations per share, basic(d) |  | 0.07 |  |  | 0.07 |  |  | 0.03 |  |  | 0.28 |  |  | 0.44 |
Net income (loss) per basic share(d) |  | 0.67 |  |  | (0.22 | ) |  | 0.04 |  |  | 0.01 |  |  | 0.51 |
Income (loss) from continuing operations per share, diluted |  | 0.54 |  |  | (0.28 | ) |  | 0.02 |  |  | (0.27 | ) |  | 0.07 |
Income (loss) from discontinued operations per share, diluted |  | 0.06 |  |  | 0.07 |  |  | 0.03 |  |  | 0.28 |  |  | 0.44 |
Net income (loss) per diluted share(d) |  | 0.59 |  |  | (0.22 | ) |  | 0.04 |  |  | 0.01 |  |  | 0.51 |
Dividends declared per share |  | 0.06 |  |  | 0.06 |  |  | 0.06 |  |  | 0.06 |  |  | 0.24 |
_______________________________________________________________________________
(a) | During the second quarter of fiscal year 2014, the Company recorded a goodwill impairment charge of $34.9 million, an $84.4 million non-cash charge to establish a valuation allowance against the Company’s U.S. and U.K. deferred tax assets and non-cash salon asset impairment charge of $4.7 million. During the third quarter of fiscal 2014, the Company recorded non-cash salon impairment of $8.9 million. During the fourth quarter of fiscal year 2013, the Company recorded a $12.6 million ($7.7 million net of tax) inventory write-down associated with the Company's implementation of standardized plan-o-grams.
(b) | During the fourth quarter of fiscal year 2014, the Company recorded a $12.6 million charge representing its share of goodwill impairment charges recorded by EEG. During the first quarter of fiscal year 2013, the Company recorded a $32.2 million net of tax foreign currency gain associated with the sale of Provalliance. During the second quarter of fiscal year 2013, the Company recorded a $17.9 million impairment charge net of tax related to the impairment of EEG. During the fourth quarter of fiscal year 2013, the Company incurred $6.7 million net of tax of expense for a make-whole payment associated with the prepayment of debt.
(c) | During the fourth quarter of fiscal year 2013, the Company recorded a $15.4 million gain, net of professional and transaction fees and taxes, associated with the disposition of Hair Club.
(d) | Total is an annual recalculation; line items calculated quarterly may not sum to total.
(e) | During the fourth quarter of fiscal year 2013, the Company recorded a cumulative adjustment to correct prior period errors that related to an understatement of interest expense and certain uncertain tax positions. The impact of these items on the Company's Consolidated Statement of Operations increased interest expense by $0.4 million, increased income tax expense by $0.3 million and decreased net income by $0.7 million. During first quarter of fiscal year 2014, the Company recorded adjustments to correct errors related to the fourth quarter of fiscal year 2013 for an overstatement of inventory and self-insurance accruals and an understatement of cash. The impact of these items on the Company's Consolidated Statement of Operations decreased Site Operating expenses by $1.3 million, increased Cost of Product by $0.3 million and decreased net loss by $0.6 million. Because these errors were not material to the Company's consolidated financial statements for any prior periods, the respective quarter, or respective fiscal year, the Company recorded adjustments to correct the errors during each respective quarter.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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