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LEASES (Tables) | 12 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Schedule of Rent Expenses |
|  | June 30,
|  | 2021 |  | 2020 |  | 2019
|  | (Dollars in thousands)
Minimum rent |  | $ | 33,596 |  |  | $ | 57,819 |  |  | $ | 108,892 |
Percentage rent based on sales |  | 8 |  |  | 2,043 |  |  | 4,754 |
Real estate taxes and other expenses |  | 8,644 |  |  | 12,868 |  |  | 16,445 |
Lease termination expense (1) |  | 13,606 |  |  | 191 |  |  | 123 |
Lease liability benefit (2) |  | (20,022) |  |  | — |  |  | — |
Corporate segment rent |  | 2,703 |  |  | 2,589 |  |  | 862 |
Franchise segment non-reimbursable rent |  | 2,395 |  |  | 872 |  |  | 740 |
Total |  | $ | 40,930 |  |  | $ | 76,382 |  |  | $ | 131,816 |
_______________________________________________________________________________ (1)During fiscal year 2021, the Company terminated the leases for 402 company-owned salons before the lease end dates. For the fiscal year ended June 30, 2021, lease termination fees include $8.3 million of early termination payments to close salons before the lease end date to relieve the Company of future lease obligations. For the fiscal year ended June 30, 2021, lease termination fees also include $5.3 million of adjustments to accrue future lease payments for salons that are no longer operating. The early termination payments made during the fiscal year ended June 30, 2021 decreased the future minimum rent liability by $15.7 million plus saved the Company from the associated real estate taxes, other lease expenses and loss incurred operating the salons. (2)For the fiscal year ended June 30, 2021, upon termination of previously impaired leases, the Company derecognized ROU assets of $18.3 million and lease liabilities of $31.1 million that resulted in a net gain of $12.8 million. In addition, the Company recognized a benefit of $7.1 million from lease liabilities decreasing in excess of previously impaired ROU assets for the fiscal year ended June 30, 2021.
Lessor, Future Operating Lease Commitments | As of June 30, 2021, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (in thousands):
Fiscal Year |  | Leases For Franchise Salons |  | Leases For Company-Owned Salons |  | Corporate Leases |  | Total Operating Lease Payments |  | Sublease Income To Be Received From Franchisees |  | Net Rent Commitments
2022 |  | $ | 127,656 |  |  | $ | 8,997 |  |  | $ | 3,566 |  |  | $ | 140,219 |  |  | $ | (127,656) |  |  | $ | 12,563 |
2023 |  | 112,604 |  |  | 7,268 |  |  | 3,550 |  |  | 123,422 |  |  | (112,604) |  |  | 10,818 |
2024 |  | 98,764 |  |  | 4,738 |  |  | 3,616 |  |  | 107,118 |  |  | (98,764) |  |  | 8,354 |
2025 |  | 83,259 |  |  | 1,881 |  |  | 3,683 |  |  | 88,823 |  |  | (83,259) |  |  | 5,564 |
2026 |  | 70,393 |  |  | 938 |  |  | 3,681 |  |  | 75,012 |  |  | (70,393) |  |  | 4,619 |
Thereafter |  | 168,279 |  |  | 780 |  |  | 23,657 |  |  | 192,716 |  |  | (168,279) |  |  | 24,437 |
Total future obligations |  | $ | 660,955 |  |  | $ | 24,602 |  |  | $ | 41,753 |  |  | $ | 727,310 |  |  | $ | (660,955) |  |  | $ | 66,355 |
Less amounts representing interest |  | 81,713 |  |  | 448 |  |  | 9,812 |  |  | 91,973 |  |  |  |  |
Present value of lease liabilities |  | $ | 579,242 |  |  | $ | 24,154 |  |  | $ | 31,941 |  |  | $ | 635,337 |  |  |  |  |
Less current lease liabilities |  | 105,946 |  |  | 8,430 |  |  | 2,095 |  |  | 116,471 |  |  |  |  |
Long-term lease liabilities |  | $ | 473,296 |  |  | $ | 15,724 |  |  | $ | 29,846 |  |  | $ | 518,866 |  |  |  |  |
Lessee, Future Operating Lease Commitments | As of June 30, 2021, future operating lease commitments, including one renewal option for leases expected to be renewed, to be paid and received by the Company were as follows (in thousands):
Fiscal Year |  | Leases For Franchise Salons |  | Leases For Company-Owned Salons |  | Corporate Leases |  | Total Operating Lease Payments |  | Sublease Income To Be Received From Franchisees |  | Net Rent Commitments
2022 |  | $ | 127,656 |  |  | $ | 8,997 |  |  | $ | 3,566 |  |  | $ | 140,219 |  |  | $ | (127,656) |  |  | $ | 12,563 |
2023 |  | 112,604 |  |  | 7,268 |  |  | 3,550 |  |  | 123,422 |  |  | (112,604) |  |  | 10,818 |
2024 |  | 98,764 |  |  | 4,738 |  |  | 3,616 |  |  | 107,118 |  |  | (98,764) |  |  | 8,354 |
2025 |  | 83,259 |  |  | 1,881 |  |  | 3,683 |  |  | 88,823 |  |  | (83,259) |  |  | 5,564 |
2026 |  | 70,393 |  |  | 938 |  |  | 3,681 |  |  | 75,012 |  |  | (70,393) |  |  | 4,619 |
Thereafter |  | 168,279 |  |  | 780 |  |  | 23,657 |  |  | 192,716 |  |  | (168,279) |  |  | 24,437 |
Total future obligations |  | $ | 660,955 |  |  | $ | 24,602 |  |  | $ | 41,753 |  |  | $ | 727,310 |  |  | $ | (660,955) |  |  | $ | 66,355 |
Less amounts representing interest |  | 81,713 |  |  | 448 |  |  | 9,812 |  |  | 91,973 |  |  |  |  |
Present value of lease liabilities |  | $ | 579,242 |  |  | $ | 24,154 |  |  | $ | 31,941 |  |  | $ | 635,337 |  |  |  |  |
Less current lease liabilities |  | 105,946 |  |  | 8,430 |  |  | 2,095 |  |  | 116,471 |  |  |  |  |
Long-term lease liabilities |  | $ | 473,296 |  |  | $ | 15,724 |  |  | $ | 29,846 |  |  | $ | 518,866 |  |  |  |  |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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