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GOODWILL (Tables) | 12 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | The table below contains details related to the Company's goodwill:
|  | June 30,
|  | 2021 |  | 2020
|  | Gross Carrying Value (1) |  | Accumulated Impairment (2) |  | Net |  | Gross Carrying Value (1) |  | Accumulated Impairment (2) |  | Net
|  | (Dollars in thousands)
Goodwill |  | $ | 343,846 |  |  | $ | (114,264) |  |  | $ | 229,582 |  |  | $ | 341,721 |  |  | $ | (114,264) |  |  | $ | 227,457 |
_______________________________________________________________________________ (1)The change in the gross carrying value of goodwill relates foreign currency translation adjustments. (2)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). In fiscal year 2020, the Company realized a $40.2 million goodwill impairment associated with the Company-owned reporting unit. Prior to the COVID-19 pandemic, the Company had been derecognizing Company-owned goodwill as part of the calculation of gain or loss on the sale of salons to franchisees. Following the goodwill impairment in fiscal year 2020, the Company-owned reporting unit has no remaining goodwill, so there will be no further derecognition of Company-owned goodwill. The table below contains details related to the Company's goodwill (in thousands):
|  | Franchise Reporting Unit
Goodwill, net at June 30, 2020 |  | $ | 227,457 |
Translation rate adjustments |  | 2,125 |
Goodwill, net at June 30, 2021 |  | $ | 229,582 |

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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=121556970&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=121556970&loc=d3e13854-109267 + Details
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