v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Revenues:      
Franchise rental income (Note 6) $ 62,943 $ 76,599 $ 95,258
Total revenue 224,485 210,134 202,982
Operating expenses:      
General and administrative 42,045 46,764 45,387
Rent 62,900 76,600 95,300
Advertising fund expense 21,392 21,924 25,663
Depreciation and amortization 4,112 2,966 3,945
Long-lived asset impairment (Note 1) 52 352 798
Total operating expenses 200,037 190,195 182,092
Operating income 24,448 19,939 20,890
Other (expense) income:      
Interest expense (20,673) (20,252) (25,393)
Gain on extinguishment of long-term debt, net 0 0 94,611
Gain on earn-out liability 1,000 0 0
Other, net 1,096 1,849 (172)
Income from operations before income taxes 5,871 1,536 89,936
Income tax benefit (expense) 1,072 115,496 (869)
Income from continuing operations 6,943 117,032 89,067
Income from discontinued operations, net of income taxes (Note 3) 0 6,504 1,993
Net income $ 6,943 $ 123,536 $ 91,060
Basic:      
Income from continuing operations (in dollars per share) $ 2.76 $ 49.51 $ 38.08
Income from discontinued operations (in dollars per share) 0 2.75 0.85
Net income per share, basic (in dollars per share) 2.76 52.26 38.93
Diluted:      
Income from continuing operations (in dollars per share) 2.41 43.67 37.50
Income from discontinued operations (in dollars per share) 0 2.43 0.84
Net income per share, diluted (in dollars per share) $ 2.41 $ 46.10 $ 38.34
Weighted average common and common equivalent shares outstanding:      
Basic (in shares) 2,520 2,364 2,339
Diluted (in shares) 2,879 2,680 2,375
Non Franchise Lease      
Operating expenses:      
Rent $ 13,452 $ 10,487 $ 5,525
Franchisor      
Operating expenses:      
Rent 62,943 76,599 95,258
Royalties      
Revenues:      
Revenues 54,581 58,163 64,098
Fees      
Revenues:      
Revenues 7,247 9,717 10,189
Product sales to franchisees      
Revenues:      
Revenues 0 0 451
Operating expenses:      
Cost of product sales to franchisees 0 0 436
Advertising fund contributions      
Revenues:      
Revenues 21,392 21,924 25,663
Company-owned salon revenue      
Revenues:      
Revenues 78,322 43,731 7,323
Operating expenses:      
Company-owned salon expense (Note 1) $ 56,041 $ 31,103 $ 5,080