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GOODWILL (Tables) | 12 Months Ended
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Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | The table below contains details related to the Company's goodwill:
|  | June 30,
|  | 2019 |  | 2018
|  | Gross Carrying Value (2) |  | Accumulated Impairment (1) |  | Net |  | Gross Carrying Value (2) |  | Accumulated Impairment (1) |  | Net
|  | (Dollars in thousands)
Goodwill |  | $ | 419,818 |  |  | $ | (74,100 | ) |  | $ | 345,718 |  |  | $ | 486,743 |  |  | $ | (74,100 | ) |  | $ | 412,643 |
_______________________________________________________________________________
(1) | In fiscal year 2011, the Company realized a $74.1 million goodwill impairment loss associated with the Company-owned reporting unit (the previous North American Value reporting unit).
(2) | The change in the gross carrying value of goodwill relates to goodwill derecognized for salons sold to franchisees and foreign currency translation adjustments.
The table below contains details related to the Company's goodwill
|  | Company-owned |  | Franchise |  | Consolidated
|  | (Dollars in thousands)
Goodwill, net at June 30, 2017 |  | $ | 188,888 |  |  | $ | 228,099 |  |  | $ | 416,987 |
Translation rate adjustments |  | (201 | ) |  | (244 | ) |  | (445 | )
Derecognition related to sale of salon assets to franchisees (1) |  | (3,899 | ) |  | — |  |  | (3,899 | )
Goodwill, net at June 30, 2018 |  | 184,788 |  |  | 227,855 |  |  | 412,643 |
Translation rate adjustments |  | 57 |  |  | 73 |  |  | 130 |
Derecognition related to sale of salon assets to franchisees (1) |  | (67,055 | ) |  | — |  |  | (67,055 | )
Goodwill, net at June 30, 2019 |  | $ | 117,790 |  |  | $ | 227,928 |  |  | $ | 345,718 |
_______________________________________________________________________________ (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 trailing-twelve months EBITDA of the salon being sold and the denominator of which is the estimated annualized EBITDA of the Company-owned reporting unit) that is applied to the total goodwill balance of the Company-owned reporting unit.

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
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