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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of receivables, broker fees and deferred revenue | Information about receivables, broker fees and deferred revenue subject to the current revenue recognition guidance is as follows:
|  | March 31, 2024 |  | June 30, 2023 |  | Balance Sheet Classification
|  | (Dollars in thousands) |  |
Receivables from contracts with customers, net |  | $ | 6,746 |  |  | $ | 5,683 |  |  | Receivables, net
Broker fees |  | 10,054 |  |  | 12,471 |  |  | Other assets
Deferred revenue: |  |  |  |  |  |
Current |  |  |  |  |  |
Gift card liability |  | $ | 1,675 |  |  | $ | 1,823 |  |  | Accrued expenses
Deferred franchise fees open salons |  | 4,973 |  |  | 5,325 |  |  | Accrued expenses
Total current deferred revenue |  | $ | 6,648 |  |  | $ | 7,148 |  |  |
Non-current |  |  |  |  |  |
Deferred franchise fees unopened salons |  | $ | 1,930 |  |  | $ | 2,312 |  |  | Other non-current liabilities
Deferred franchise fees open salons |  | 16,294 |  |  | 20,839 |  |  | Other non-current liabilities
Total non-current deferred revenue |  | $ | 18,224 |  |  | $ | 23,151 |  |  |
Broker fees | The following table is a rollforward of the broker fee balance for the periods indicated:
|  | Nine Months Ended March 31,
|  | 2024 |  | 2023
|  | (Dollars in thousands)
Balance at beginning of period |  | $ | 12,471 |  |  | $ | 15,592 |
Amortization |  | (2,099) |  |  | (2,374) |
Write-offs |  | (318) |  |  | — |
Balance at end of period |  | $ | 10,054 |  |  | $ | 13,218 |
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 March 31, 2024 is as follows (dollars in thousands):
Remainder of 2024 |  | $ | 1,243 |
2025 |  | 4,763 |
2026 |  | 4,297 |
2027 |  | 3,834 |
2028 |  | 3,004 |
Thereafter |  | 4,126 |
Total |  | $ | 21,267 |

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- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3 + Details
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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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