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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of summarized financial information of reportable operating segments | Financial information concerning the Company's reportable operating segments is shown in the following table:
|  | For the Year Ended June 30, 2021
|  | Franchise |  | Company - owned |  | Corporate(1) |  | Consolidated
|  | (Dollars in thousands)
Revenues: |  |  |  |  |  |  |  |
Service |  | $ | — |  |  | $ | 108,120 |  |  | $ | — |  |  | $ | 108,120 |
Product |  | 56,699 |  |  | 34,845 |  |  | — |  |  | 91,544 |
Royalties and fees |  | 88,057 |  |  | — |  |  | — |  |  | 88,057 |
Franchise rental income |  | 127,392 |  |  | — |  |  | — |  |  | 127,392 |
|  | 272,148 |  |  | 142,965 |  |  | — |  |  | 415,113 |
Operating expenses: |  |  |  |  |  |  |  |
Cost of service |  | — |  |  | 79,144 |  |  | — |  |  | 79,144 |
Cost of product |  | 46,449 |  |  | 32,718 |  |  | — |  |  | 79,167 |
Site operating expenses |  | 22,121 |  |  | 29,342 |  |  | — |  |  | 51,463 |
General and administrative |  | 31,364 |  |  | 8,934 |  |  | 65,135 |  |  | 105,433 |
Rent |  | 2,395 |  |  | 35,832 |  |  | 2,703 |  |  | 40,930 |
Franchise rent expense |  | 127,392 |  |  | — |  |  | — |  |  | 127,392 |
Depreciation and amortization |  | 1,049 |  |  | 14,730 |  |  | 6,934 |  |  | 22,713 |
Long-lived asset impairment |  | 726 |  |  | 12,297 |  |  | — |  |  | 13,023 |
Total operating expenses |  | 231,496 |  |  | 212,997 |  |  | 74,772 |  |  | 519,265 |
Operating income (loss) |  | 40,652 |  |  | (70,032) |  |  | (74,772) |  |  | (104,152) |
Other (expense) income: |  |  |  |  |  |  |  |
Interest expense |  | — |  |  | — |  |  | (13,813) |  |  | (13,813) |
Loss from sale of salon assets to franchisees, net |  | — |  |  | — |  |  | (16,696) |  |  | (16,696) |
Interest income and other, net |  | — |  |  | — |  |  | 15,902 |  |  | 15,902 |
Income (loss) from continuing operations before income taxes |  | $ | 40,652 |  |  | $ | (70,032) |  |  | $ | (89,379) |  |  | $ | (118,759) |
|  | For the Year Ended June 30, 2020
|  | Franchise |  | Company-owned |  | Corporate(1) |  | Consolidated
|  | (Dollars in thousands)
Revenues: |  |  |  |  |  |  |  |
Service |  | $ | — |  |  | $ | 331,538 |  |  | $ | — |  |  | $ | 331,538 |
Product |  | 52,421 |  |  | 85,165 |  |  | — |  |  | 137,586 |
Royalties and fees |  | 73,402 |  |  | — |  |  | — |  |  | 73,402 |
Franchise rental income |  | 127,203 |  |  | — |  |  | — |  |  | 127,203 |
|  | 253,026 |  |  | 416,703 |  |  | — |  |  | 669,729 |
Operating expenses: |  |  |  |  |  |  |  |
Cost of service |  | — |  |  | 222,279 |  |  | — |  |  | 222,279 |
Cost of product |  | 40,032 |  |  | 44,666 |  |  | — |  |  | 84,698 |
Site operating expenses |  | 13,341 |  |  | 58,202 |  |  | — |  |  | 71,543 |
General and administrative |  | 33,725 |  |  | 24,638 |  |  | 72,590 |  |  | 130,953 |
Rent |  | 872 |  |  | 72,921 |  |  | 2,589 |  |  | 76,382 |
Franchise rent expense |  | 127,203 |  |  | — |  |  | — |  |  | 127,203 |
Depreciation and amortization |  | 922 |  |  | 29,113 |  |  | 6,917 |  |  | 36,952 |
Long-lived asset impairment |  | 1,712 |  |  | 20,848 |  |  | — |  |  | 22,560 |
TBG restructuring |  | 2,333 |  |  | — |  |  | — |  |  | 2,333 |
Goodwill impairment |  | — |  |  | 40,164 |  |  | — |  |  | 40,164 |
Total operating expenses |  | 220,140 |  |  | 512,831 |  |  | 82,096 |  |  | 815,067 |
Operating income (loss) |  | 32,886 |  |  | (96,128) |  |  | (82,096) |  |  | (145,338) |
Other (expense) income: |  |  |  |  |  |  |  |
Interest expense |  | — |  |  | — |  |  | (7,522) |  |  | (7,522) |
Loss from sale of salon assets to franchisees, net |  | — |  |  | — |  |  | (27,306) |  |  | (27,306) |
Interest income and other, net |  | — |  |  | — |  |  | 3,353 |  |  | 3,353 |
Income (loss) from continuing operations before income taxes |  | $ | 32,886 |  |  | $ | (96,128) |  |  | $ | (113,571) |  |  | $ | (176,813) |
|  | For the Year Ended June 30, 2019
|  | Franchise |  | Company - owned |  | Corporate(1) |  | Consolidated
|  | (Dollars in thousands)
Revenues: |  |  |  |  |  |  |  |
Service |  | $ | — |  |  | $ | 749,660 |  |  | $ | — |  |  | $ | 749,660 |
Product |  | 59,905 |  |  | 165,713 |  |  | — |  |  | 225,618 |
Royalties and fees |  | 93,761 |  |  | — |  |  | — |  |  | 93,761 |
|  | 153,666 |  |  | 915,373 |  |  | — |  |  | 1,069,039 |
Operating expenses: |  |  |  |  |  |  |  |
Cost of service |  | — |  |  | 452,827 |  |  | — |  |  | 452,827 |
Cost of product |  | 47,219 |  |  | 81,597 |  |  | — |  |  | 128,816 |
Site operating expenses |  | 34,099 |  |  | 106,932 |  |  | — |  |  | 141,031 |
General and administrative |  | 32,888 |  |  | 57,219 |  |  | 86,897 |  |  | 177,004 |
Rent |  | 740 |  |  | 130,214 |  |  | 862 |  |  | 131,816 |
Depreciation and amortization |  | 762 |  |  | 28,263 |  |  | 8,823 |  |  | 37,848 |
TBG restructuring |  | 21,816 |  |  | — |  |  | — |  |  | 21,816 |
Total operating expenses |  | 137,524 |  |  | 857,052 |  |  | 96,582 |  |  | 1,091,158 |
Operating income (loss) |  | 16,142 |  |  | 58,321 |  |  | (96,582) |  |  | (22,119) |
Other (expense) income: |  |  |  |  |  |  |  |
Interest expense |  | — |  |  | — |  |  | (4,795) |  |  | (4,795) |
Gain from sale of salon assets to franchisees, net |  | — |  |  | — |  |  | 2,918 |  |  | 2,918 |
Interest income and other, net |  | — |  |  | — |  |  | 1,729 |  |  | 1,729 |
Income (loss) from continuing operations before income taxes |  | $ | 16,142 |  |  | $ | 58,321 |  |  | $ | (96,730) |  |  | $ | (22,267) |
_______________________________________________________________________________ (1)Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with salon support, depreciation and amortization related to our corporate headquarters and unallocated insurance, benefit and compensation programs, including stock-based compensation.
Schedule of total revenues and property and equipment, net associated with business operations in the U.S. and all other countries in aggregate | Total revenues and property and equipment, net associated with business operations in the U.S. and all other countries in aggregate were as follows:
|  | June 30,
|  | 2021 |  | 2020 |  | 2019
|  | Total Revenues |  | Property and Equipment, Net |  | Total Revenues |  | Property and Equipment, Net |  | Total Revenues |  | Property and Equipment, Net
|  | (Dollars in thousands)
U.S. |  | $ | 383,965 |  |  | $ | 23,014 |  |  | $ | 613,652 |  |  | $ | 56,532 |  |  | $ | 972,994 |  |  | $ | 75,789 |
Other countries |  | 31,148 |  |  | 99 |  |  | 56,077 |  |  | 644 |  |  | 96,045 |  |  | 2,301 |
Total |  | $ | 415,113 |  |  | $ | 23,113 |  |  | $ | 669,729 |  |  | $ | 57,176 |  |  | $ | 1,069,039 |  |  | $ | 78,090 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: 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 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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