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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income (Loss) from Continuing Operations Before Income Taxes | The components of income (loss) from continuing operations before income taxes are as follows:
|  | Fiscal Years
|  | 2025 |  | 2024 |  | 2023
|  | (Dollars in thousands)
Income (loss) before income taxes |  |  |  |  |  |
U.S. |  | $ | 2,709 |  |  | $ | 91,279 |  |  | $ | (10,204) |
International |  | (1,173) |  |  | (1,343) |  |  | (1,794) |
|  | $ | 1,536 |  |  | $ | 89,936 |  |  | $ | (11,998) |
Schedule of (Benefit) Provision for Income Taxes | The (benefit) provision for income taxes consists of:
|  | Fiscal Years
|  | 2025 |  | 2024 |  | 2023
|  | (Dollars in thousands)
Current: |  |  |  |  |  |
U.S. |  | $ | 252 |  |  | $ | 427 |  |  | $ | (219) |
International |  | — |  |  | (77) |  |  | (428) |
Deferred (1): |  |  |  |  |  |
U.S. |  | (109,886) |  |  | 531 |  |  | (270) |
International |  | (5,862) |  |  | (12) |  |  | 262 |
|  | $ | (115,496) |  |  | $ | 869 |  |  | $ | (655) |
_______________________________________________________________________________ (1)The deferred income tax benefit in fiscal year 2025 is primarily due to the release of a prior year valuation allowance in the U.S. of $110.2 million and Canada of $6.1 million.
Schedule of (Benefit) Provision for Income Taxes Rate to Income (Loss) from Continuing Operations Before Income Taxes | The (benefit) provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory rate to income (loss) from continuing operations before income taxes, as a result of the following:
|  | Fiscal Years
|  | 2025 |  | 2024 |  | 2023
U.S. statutory rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal income tax benefit |  | (16.5) |  |  | 2.3 |  |  | (2.7) |
Valuation allowance (1) |  | (7,897.3) |  |  | (21.9) |  |  | (12.9) |
Foreign income taxes at other than U.S. rates |  | (18.5) |  |  | (0.2) |  |  | (0.2) |
Uncertain tax positions |  | 0.7 |  |  | (0.1) |  |  | 6.7 |
Stock-based compensation |  | 24.9 |  |  | 0.2 |  |  | (2.7) |
Deferred tax rate remeasurement |  | (78.4) |  |  | — |  |  | (3.6) |
Executive compensation limitation |  | 10.0 |  |  | — |  |  | (0.9) |
Acquired deferred taxes |  | (2.3) |  |  | — |  |  | — |
Tax attribute expiration (2) |  | 428.4 |  |  | — |  |  | (1.1) |
Other, net (3) |  | 8.7 |  |  | (0.3) |  |  | 1.9 |
Effective tax rate |  | (7,519.3) | % |  | 1.0 | % |  | 5.5 | %
_______________________________________________________________________________ (1)The change in valuation allowance for fiscal year 2025 primarily relates to a release of a majority of the U.S. prior year valuation allowance and a release of a portion of the Canadian prior year valuation allowance. (2)The tax attribute expiration primarily relates to the expiration of a capital loss generated in fiscal year 2020, which was not offset by subsequent capital gains and is subject to a five-year carryforward period. (3)The 8.7% of other, net in fiscal year 2025 includes the rate impact of the federal provision to return true-up and permanent adjustments of 6.2% and 2.5%, respectively. The (0.3)% of other, net in fiscal year 2024 does not include the rate impact of any items in excess of 5% of computed tax. The 1.9% of other, net in fiscal year 2023 includes the rate impact of the federal provision to return true-up and miscellaneous items of 1.3% and 0.6%, respectively.
Schedule of Components of the Net Deferred Tax Assets and Liabilities | The components of the net deferred tax assets and liabilities are as follows:
|  | June 30,
|  | 2025 |  | 2024
|  | (Dollars in thousands)
Deferred tax assets: |  |  |  |
Payroll and payroll related costs |  | $ | 4,929 |  |  | $ | 5,422 |
Net operating loss carryforwards |  | 136,471 |  |  | 138,691 |
Tax credit carryforwards |  | 37,443 |  |  | 37,647 |
Capital loss carryforwards |  | 1,027 |  |  | 5,879 |
Deferred franchise fees |  | 3,395 |  |  | 5,301 |
Operating lease liabilities |  | 57,492 |  |  | 74,409 |
Interest expense carryforward |  | 13,289 |  |  | 8,200 |
Other |  | 2,580 |  |  | 6,346 |
Subtotal |  | 256,626 |  |  | 281,895 |
Valuation allowance |  | (60,460) |  |  | (181,759) |
Total deferred tax assets |  | $ | 196,166 |  |  | $ | 100,136 |
Deferred tax liabilities: |  |  |  |
Goodwill and intangibles |  | $ | (34,087) |  |  | $ | (35,509) |
Operating lease assets |  | (57,149) |  |  | (73,809) |
Other |  | (2,426) |  |  | (2,220) |
Total deferred tax liabilities |  | (93,662) |  |  | (111,538) |
Net deferred tax asset (liability) |  | $ | 102,504 |  |  | $ | (11,402) |
Schedule of Unrecognized Tax Benefits Roll Forward | A rollforward of the unrecognized tax benefits is as follows:
|  | Fiscal Years
|  | 2025 |  | 2024 |  |
|  | (Dollars in thousands)
Balance at beginning of period |  | $ | 21,232 |  |  | $ | 21,393 |  |  |
Additions based on tax positions related to the current year |  | 3 |  |  | 3 |  |  |
Additions based on tax positions of prior years |  | 8 |  |  | 12 |  |  |
Reductions on tax positions related to the expiration of the statute of limitations |  | (49) |  |  | (176) |  |  |
Balance at end of period |  | $ | 21,194 |  |  | $ | 21,232 |  |  |

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