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GOODWILL | 12 Months Ended
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Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL | The table below contains details related to the Company's goodwill:
|  | June 30,
|  | 2017 |  | 2016
|  | Gross Carrying Value (3) |  | Accumulated Impairment (1) |  | Net |  | Gross Carrying Value (3) |  | Accumulated Impairment (1) |  | Net
|  | (Dollars in thousands)
Goodwill |  | $ | 670,648 |  |  | $ | (253,661 | ) |  | $ | 416,987 |  |  | $ | 671,054 |  |  | $ | (253,661 | ) |  | $ | 417,393 |
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(1) | The table below contains additional information regarding accumulated impairment losses:
Fiscal Year |  | Impairment Charge |  | Reporting Unit (2)
|  | (Dollars in thousands) |  |
2009 |  | $ | (41,661 | ) |  | International
2010 |  | (35,277 | ) |  | North American Premium
2011 |  | (74,100 | ) |  | North American Value
2012 |  | (67,684 | ) |  | North American Premium
2014 |  | (34,939 | ) |  | North American Premium
Total |  | $ | (253,661 | ) |  |
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(2) | See Note 13 to the Consolidated Financial Statements.
(3) | The change in the gross carrying value of goodwill relates to foreign currency translation adjustments.
The table below contains details related to the Company's goodwill:
|  | North American Value |  | North American Franchise |  | Consolidated
|  | (Dollars in thousands)
Goodwill, net at June 30, 2015 |  | $ | 189,925 |  |  | $ | 229,028 |  |  | $ | 418,953 |
Translation rate adjustments |  | (707 | ) |  | (853 | ) |  | (1,560 | )
Goodwill, net at June 30, 2016 |  | 189,218 |  |  | 228,175 |  |  | 417,393 |
Translation rate adjustments |  | (63 | ) |  | (76 | ) |  | (139 | )
Derecognition related to venditioned salons (1) |  | (267 | ) |  | — |  |  | (267 | )
Goodwill, net at June 30, 2017 |  | $ | 188,888 |  |  | $ | 228,099 |  |  | $ | 416,987 |
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(1) | Goodwill is derecognized for salons sold to franchisees with positive cash flows. The amount of goodwill derecognized is determined by a fraction (the numerator of which is the EBITDA of the salon being sold and the denominator of which is the EBITDA of the North American Value reporting unit) that is applied to the total goodwill balance of the North American Value reporting unit.

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- Definition The entire disclosure for goodwill. + References No definition available. + Details
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