XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

DISCONTINUED OPERATIONS | 9 Months Ended
--- | ---
Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS: On June 30, 2022, the Company sold its Opensalon® Pro (OSP) solution to Soham Inc. As a result of the sale, the Company classified the OSP business as discontinued operations in the financial statements for all periods presented. The Company received $13.0 million in proceeds in June 2022 and received $5.0 million in fiscal year 2023, offset by a $0.5 million transaction fee. In the quarter ended December 31, 2023, the Company earned $2.0 million of proceeds that had been previously held back, which were paid to the Company in January 2024. No income taxes have been allocated to discontinued operations based on the methodology required by accounting for income taxes guidance. Cash used in operations includes $0.1 million of cash from discontinued operations. The following summarizes the results of discontinued operations for the periods presented:
|  | Three Months Ended March 31, |  | Nine Months Ended March 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (Dollars in thousands)
Discontinued operations: |  |  |  |  |  |  |  |
OSP fees |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (226) |
General and administrative |  | — |  |  | — |  |  | — |  |  | (27) |
Rent |  | — |  |  | — |  |  | — |  |  | (341) |
Other income |  | 89 |  |  | — |  |  | 89 |  |  | — |
Gain from sale of OSP |  | — |  |  | 518 |  |  | 2,000 |  |  | 4,552 |
Income from OSP discontinued operations, net |  | $ | 89 |  |  | $ | 518 |  |  | $ | 2,089 |  |  | $ | 3,958 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration