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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of reportable operating segment salons | The Company's reportable operating segments consisted of the following salons:
|  | March 31, 2024 |  | June 30, 2023
FRANCHISE SALONS: |  |  |  |
Supercuts |  | 1,976 |  |  | 2,082 |
SmartStyle/Cost Cutters in Walmart Stores |  | 1,322 |  |  | 1,388 |
Portfolio Brands |  | 1,141 |  |  | 1,223 |
Total North American salons |  | 4,439 |  |  | 4,693 |
Total International salons (1) |  | 98 |  |  | 102 |
Total Franchise salons |  | 4,537 |  |  | 4,795 |
as a percent of total Franchise and Company-owned salons |  | 99.6 | % |  | 98.6 | %
COMPANY-OWNED SALONS: |  |  |  |
Supercuts |  | 4 |  |  | 7 |
SmartStyle/Cost Cutters in Walmart Stores |  | 8 |  |  | 48 |
Portfolio Brands |  | 8 |  |  | 13 |
Total Company-owned salons |  | 20 |  |  | 68 |
as a percent of total Franchise and Company-owned salons |  | 0.4 | % |  | 1.4 | %
Total Franchise and Company-owned salons |  | 4,557 |  |  | 4,863 |
_______________________________________________________________________________ (1)Canadian and Puerto Rican salons are included in the North American salon totals.
Schedule of summarized financial information of reportable operating segments | Financial information concerning the Company's reportable operating segments is shown in the table below. Segment information is presented in the same way that the Company internally organizes the business for assessing performance and making decisions regarding allocation of resources. In the second quarter of fiscal year 2023, the Company revised its internal reporting such that the CODM’s primary measures of segment performance are revenue and segment adjusted EBITDA. Revenue and segment adjusted EBITDA are regularly reviewed by the CODM to make decisions about resources to be allocated to the segments, assess current performance, and forecast future performance. Asset information by segment is not provided to the CODM. Segment adjusted EBITDA is defined as income from continuing operations before interest, income taxes, depreciation, amortization, and impairment. C onsistent with our internal management reporting, unallocated expenses include certain items impacting comparability. These unallocated items are not defined terms within U.S. GAAP. They are based on how management views the business, makes financial, operating and planning decisions and evaluates the Company's ongoing performance and are not attributable to either segment. Unallocated fees include one-time professional fees and settlements, severance expense, the benefit from lease liability decreases in excess of previously impaired ROUA, lease termination fees and asset retirement obligation costs.
|  | Three Months Ended March 31, |  | Nine Months Ended March 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (Dollars in thousands)
Revenues: |  |  |  |  |  |  |  |
Franchise |  | $ | 47,857 |  |  | $ | 53,606 |  |  | $ | 148,567 |  |  | $ | 169,717 |
Company-owned |  | 1,324 |  |  | 2,167 |  |  | 5,039 |  |  | 7,894 |
Total revenue |  | 49,181 |  |  | 55,773 |  |  | 153,606 |  |  | 177,611 |
Segment adjusted EBITDA: |  |  |  |  |  |  |  |
Franchise |  | 5,815 |  |  | 4,815 |  |  | 20,146 |  |  | 17,338 |
Company-owned |  | (773) |  |  | (631) |  |  | (1,606) |  |  | (1,496) |
Total |  | 5,042 |  |  | 4,184 |  |  | 18,540 |  |  | 15,842 |
Unallocated expenses |  | (247) |  |  | (755) |  |  | (216) |  |  | (3,384) |
Depreciation and amortization |  | (1,009) |  |  | (1,008) |  |  | (2,056) |  |  | (6,052) |
Long-lived asset impairment |  | — |  |  | (36) |  |  | (170) |  |  | (36) |
Interest expense |  | (6,153) |  |  | (4,787) |  |  | (18,529) |  |  | (13,123) |
Income tax (expense) benefit |  | (54) |  |  | 241 |  |  | 201 |  |  | 213 |
Income from discontinued operations |  | 89 |  |  | 518 |  |  | 2,089 |  |  | 3,958 |
Total net loss |  | $ | (2,332) |  |  | $ | (1,643) |  |  | $ | (141) |  |  | $ | (2,582) |

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