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TBG DISCONTINUED OPERATIONS AND RESTRUCTURING (Tables) | 12 Months Ended
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Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Schedules of discontinued operations | The following summarizes the results of TBG related charges and TBG discontinued operations for the periods presented:
|  | Fiscal Years |  |  |  |
|  | 2020 |  | 2019 |  | 2018
|  | (Dollars in thousands) |  |  |  |
Revenue |  | $ | — |  |  | $ | — |  |  | $ | 101,140 |
TBG Mall Restructuring: |  |  |  |  |  |
Accounts and notes receivable reserves |  | — |  |  | 20,711 |  |  | — |
Other charges (1) |  | 2,333 |  |  | 1,105 |  |  | — |
Total TBG mall restructuring |  | $ | 2,333 |  |  | $ | 21,816 |  |  | $ | — |
TBG Discontinued Operations: |  |  |  |  |  |
Working capital and prepaid rent receivable reserve |  | — |  |  | — |  |  | 11,697 |
Other charges (2) (3) |  | (1,063) |  |  | 1,221 |  |  | 47,848 |
(Income) loss from TBG discontinued operations, before taxes |  | (1,063) |  |  | 1,221 |  |  | 59,545 |
Income tax expense (benefit) on TBG discontinued operations (4) |  | 231 |  |  | (7,117) |  |  | (6,360) |
(Income) loss from TBG discontinued operations, net of tax |  | $ | (832) |  |  | $ | (5,896) |  |  | $ | 53,185 |
_______________________________________________________________________________ (1)In fiscal year 2020, the Company recorded professional fees associated with the transfer of the mall salons back to the Company as TBG mall restructuring charges. (2)In fiscal years 2020 and 2019, the Company recorded professional fees related to the transaction, as well as insurance adjustments associated with the discontinued operations. (3)In fiscal year 2018, the Company recorded $43.0 million of asset impairment charges, $6.2 million of cumulative foreign currency translation adjustment, $3.6 million of loss from operations and $6.8 million of professional fees. (4)Income taxes have been allocated to continuing and discontinued operations based on the methodology required by accounting for income taxes guidance.
Summary of costs associated with the SmartStyle salon restructuring | A summary of costs associated with the SmartStyle salon restructuring for fiscal year 2018 is as follows:
| Financial Line Item |  | Fiscal Year 2018
|  |  | (Dollars in thousands)
Inventory reserves | Cost of Service |  | $ | 656 |
Inventory reserves | Cost of Product |  | 586 |
Severance | General and administrative |  | 897 |
Long-lived fixed asset impairment | Depreciation and amortization |  | 5,460 |
Asset retirement obligation | Depreciation and amortization |  | 7,680 |
Lease termination and other related closure costs | Rent |  | 27,290 |
Deferred rent | Rent |  | (3,291) |
Total |  |  | $ | 39,278 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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