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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The following table disaggregates revenue by timing of revenue recognition and is reconciled to reportable segment revenues as follows:
|  | Three Months Ended December 31, 2020 |  | Three Months Ended December 31, 2019
|  | Franchise |  | Company-owned |  | Franchise |  | Company-owned
|  | (Dollars in thousands)
Revenue recognized at a point in time: |  |  |  |  |  |  |  |
Service |  | $ | — |  |  | $ | 28,987 |  |  | $ | — |  |  | $ | 101,805 |
Product |  | 14,236 |  |  | 8,910 |  |  | 16,864 |  |  | 27,119 |
Total revenue recognized at a point in time |  | $ | 14,236 |  |  | $ | 37,897 |  |  | $ | 16,864 |  |  | $ | 128,924 |
Revenue recognized over time: |  |  |  |  |  |  |  |
Royalty and other franchise fees |  | $ | 15,187 |  |  | $ | — |  |  | $ | 18,644 |  |  | $ | — |
Advertising fund fees |  | 4,715 |  |  | — |  |  | 10,703 |  |  | — |
Franchise rental income |  | 32,285 |  |  | — |  |  | 33,630 |  |  | — |
Total revenue recognized over time |  | 52,187 |  |  | — |  |  | 62,977 |  |  | — |
Total revenue |  | $ | 66,423 |  |  | $ | 37,897 |  |  | $ | 79,841 |  |  | $ | 128,924 |
|  | Six Months Ended December 31, 2020 |  | Six Months Ended December 31, 2019
|  | Franchise |  | Company-owned |  | Franchise |  | Company-owned
|  | (Dollars in thousands)
Revenue recognized at a point in time: |  |  |  |  |  |  |  |
Service |  | $ | — |  |  | $ | 65,395 |  |  | $ | — |  |  | $ | 243,746 |
Product |  | 27,978 |  |  | 19,917 |  |  | 29,969 |  |  | 59,670 |
Total revenue recognized at a point in time |  | $ | 27,978 |  |  | $ | 85,312 |  |  | $ | 29,969 |  |  | $ | 303,416 |
Revenue recognized over time: |  |  |  |  |  |  |  |
Royalty and other franchise fees |  | $ | 28,634 |  |  | $ | — |  |  | $ | 36,235 |  |  | $ | — |
Advertising fund fees |  | 9,224 |  |  | — |  |  | 21,129 |  |  | — |
Franchise rental income |  | 64,568 |  |  | — |  |  | 65,054 |  |  | — |
Total revenue recognized over time |  | 102,426 |  |  | — |  |  | 122,418 |  |  | — |
Total revenue |  | $ | 130,404 |  |  | $ | 85,312 |  |  | $ | 152,387 |  |  | $ | 303,416 |
Schedule of receivables, broker fees and deferred revenue | Information about receivables, broker fees and deferred revenue subject to the amended revenue recognition guidance is as follows:
|  | December 31, 2020 |  | June 30, 2020 |  | Balance Sheet Classification
|  | (Dollars in thousands) |  |
Receivables from contracts with customers, net |  | $ | 27,457 |  |  | $ | 22,991 |  |  | Accounts receivable, net
Broker fees |  | 20,345 |  |  | 20,516 |  |  | Other assets
Deferred revenue: |  |  |  |  |  |
Current |  |  |  |  |  |
Gift card liability |  | $ | 2,536 |  |  | $ | 2,543 |  |  | Accrued expenses
Deferred franchise fees unopened salons |  | 69 |  |  | 77 |  |  | Accrued expenses
Deferred franchise fees open salons |  | 5,854 |  |  | 5,537 |  |  | Accrued expenses
Total current deferred revenue |  | $ | 8,459 |  |  | $ | 8,157 |  |  |
Non-current |  |  |  |  |  |
Deferred franchise fees unopened salons |  | $ | 10,306 |  |  | $ | 11,855 |  |  | Other non-current liabilities
Deferred franchise fees open salons |  | 33,674 |  |  | 33,623 |  |  | Other non-current liabilities
Total non-current deferred revenue |  | $ | 43,980 |  |  | $ | 45,478 |  |  |
Accounts Receivable, Allowance for Credit Loss | The following table is a rollforward of the allowance for doubtful accounts for the period (in thousands):
Balance as of June 30, 2020 |  | $ | 6,899 |
Provision for doubtful accounts (1) |  | 1,627 |
Provision for franchisee rent (2) |  | 853 |
Write-offs |  | (632) |
Balance as of December 31, 2020 |  | $ | 8,747 |
_______________________________________________________________________________ (1)The provision for doubtful accounts is recognized as General and administrative expense in the unaudited Condensed Consolidated Statement of Operations. (2)The provision for franchisee rent is recognized as Rent in the unaudited Condensed Consolidated Statement of Operations.
Broker fees | The following table is a rollforward of the broker fee balance for the periods indicated (in thousands):
Balance as of June 30, 2020 |  | $ | 20,516 |
Additions |  | 1,418 |
Amortization |  | (1,565) |
Write-offs |  | (24) |
Balance as of December 31, 2020 |  | $ | 20,345 |
Estimated revenue expected to be recognized | Estimated revenue expected to be recognized in the future related to deferred franchise fees for open salons as of December 31, 2020 is as follows (in thousands):
Remainder of 2021 |  | $ | 2,959 |
2022 |  | 5,799 |
2023 |  | 5,622 |
2024 |  | 5,387 |
2025 |  | 4,993 |
Thereafter |  | 14,768 |
Total |  | $ | 39,528 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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