v3.25.4
REVENUE RECOGNITION (Tables)
 6 Months Ended
Dec. 31, 2025
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 revenue recognition guidance is as follows:
December 31,
2025		June 30,
2025		Balance Sheet Classification
(Dollars in thousands)
Receivables from contracts with customers, net$7,829 $7,378 Receivables, net
Broker fees5,040 5,997 Other assets
Deferred revenue:
Current
Gift card liability$631 $476 Accrued expenses
Deferred franchise fees open salons3,563 3,832 Accrued expenses
Total current deferred revenue$4,194 $4,308 
Non-current
Deferred franchise fees unopened salons$1,368 $1,475 Other non-current liabilities
Deferred franchise fees open salons7,613 9,394 Other non-current liabilities
Total non-current deferred revenue$8,981 $10,869 
Schedule of Allowance for Doubtful Accounts The following table is a rollforward of the allowance for credit losses for the periods indicated:
Six Months Ended December 31,
20252024
(Dollars in thousands)
Balance at beginning of period$5,015 $6,227 
Provision for doubtful accounts (1)984 1,485 
Provision for franchisee rent (2)484 588 
Recoveries(999)(694)
Other63 73 
Write-offs(468)(132)
Balance at end of period$5,079 $7,547 
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(1)The provision for doubtful accounts is recognized as general and administrative expense in the Condensed Consolidated Statements of Operations.
(2)The provision for franchisee rent is recognized as rent in the Condensed Consolidated Statements of Operations.
Schedule of Rollforward of Broker Fees The following table is a rollforward of the broker fee balance for the periods indicated:
Six Months Ended December 31,
20252024
(Dollars in thousands)
Balance at beginning of period$5,997 $9,369 
Amortization(957)(1,246)
Write-offs (1)— (1,131)
Balance at end of period$5,040 $6,992 
________________________________________________________________________________________
(1)Broker fees of $0.9 million were written off in connection with the Alline acquisition for the six months ended December 31, 2024.
Schedule of 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 December 31, 2025, is as follows (dollars in thousands):
Remainder of 2026$1,780 
20273,282 
20282,562 
20291,433 
2030538 
Thereafter1,581 
Total$11,176