Sally Beauty (SBH) 10-Q 4 Aug 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Cover [Abstract]
Entity Registrant Name	SALLY BEAUTY HOLDINGS, INC.
Entity Central Index Key	0001368458
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Trading Symbol	SBH
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-33145
Entity Tax Identification Number	36-2257936
Entity Address, Address Line One	3001 Colorado Boulevard
Entity Address, City or Town	Denton
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76210
City Area Code	940
Local Phone Number	898-7500
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, $0.01 par value
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		107,016,939
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 101,318	$ 400,959
Trade accounts receivable, net	31,462	32,623
Accounts receivable, other	35,911	33,958
Inventory	1,014,622	871,349
Other current assets	59,806	44,686
Total current assets	1,243,119	1,383,575
Property and equipment, net of accumulated depreciation of $808,298 at June 30, 2022, and $767,403 at September 30, 2021	289,814	307,377
Operating lease assets	549,493	537,673
Goodwill	533,147	541,209
Intangible assets, excluding goodwill, net of accumulated amortization of $40,336 at June 30, 2022, and $38,957 at September 30, 2021	50,386	55,532
Other assets	19,907	21,766
Total assets	2,685,866	2,847,132
Current liabilities:
Current maturities of long-term debt	167,169	194
Accounts payable	279,359	291,632
Accrued liabilities	165,996	206,155
Current operating lease liabilities	159,452	156,234
Income taxes payable	2,985	10,666
Total current liabilities	774,961	664,881
Long-term debt	1,083,924	1,382,530
Long-term operating lease liabilities	421,072	404,147
Other liabilities	16,781	29,056
Deferred income tax liabilities, net	93,257	85,777
Total liabilities	2,389,995	2,566,391
Stockholders’ equity:
Common stock, $0.01 par value. Authorized 500,000 shares; 107,017 and 113,138 shares issued and 106,963 and 112,913 shares outstanding at June 30, 2022, and September 30, 2021, respectively	1,070	1,129
Preferred stock, $0.01 par value. Authorized 50,000 shares; none issued
Additional paid-in capital	2,339	17,286
Accumulated earnings	418,832	356,967
Accumulated other comprehensive loss, net of tax	(126,370)	(94,641)
Total stockholders’ equity	295,871	280,741
Total liabilities and stockholders’ equity	$ 2,685,866	$ 2,847,132

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Statement Of Financial Position [Abstract]
Property and equipment, accumulated depreciation (in dollars)	$ 808,298	$ 767,403
Intangible assets, excluding goodwill, accumulated amortization (in dollars)	$ 40,336	$ 38,957
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, Authorized shares	500,000,000	500,000,000
Common stock, shares issued	107,017,000	113,138,000
Common stock, shares outstanding	106,963,000	112,913,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Authorized shares	50,000,000	50,000,000
Preferred stock, shares issued	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 961,467	$ 1,022,387	$ 2,853,105	$ 2,884,737
Cost of goods sold	471,259	507,981	1,397,436	1,432,378
Gross profit	490,208	514,406	1,455,669	1,452,359
Selling, general and administrative expenses	390,961	386,481	1,156,082	1,143,738
Restructuring	44	508	1,143	1,371
Operating earnings	99,203	127,417	298,444	307,250
Interest expense	35,977	23,452	76,113	73,313
Earnings before provision for income taxes	63,226	103,965	222,331	233,937
Provision for income taxes	16,659	27,759	60,117	62,228
Net earnings	$ 46,567	$ 76,206	$ 162,214	$ 171,709
Earnings per share:
Basic	$ 0.44	$ 0.68	$ 1.48	$ 1.52
Diluted	$ 0.43	$ 0.66	$ 1.46	$ 1.50
Weighted-average shares:
Basic	106,940	112,739	109,238	112,605
Diluted	108,526	114,927	110,907	114,274

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 46,567	$ 76,206	$ 162,214	$ 171,709
Other comprehensive (loss) income:
Foreign currency translation adjustments	(27,384)	6,617	(34,645)	23,734
Interest rate caps, net of tax	2,050	471	2,328	646
Foreign exchange contracts, net of tax	432	(191)	588	(1,211)
Other comprehensive (loss) income, net of tax	(24,902)	6,897	(31,729)	23,169
Total comprehensive income	$ 21,665	$ 83,103	$ 130,485	$ 194,878

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss
Balance at Sep. 30, 2020	$ 15,443	$ 1,124	$ 1,913	$ 117,109	$ (104,703)
Balance (in shares) at Sep. 30, 2020		112,405
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	57,191			57,191
Other comprehensive income (loss)	23,588				23,588
Share-based compensation	2,893		2,893
Stock issued for equity awards		$ 2	(2)
Stock issued for equity awards (in shares)		158
Employee withholding taxes paid related to net share settlement	(249)	$ (1)	(248)
Employee withholding taxes paid related to net share settlement (in shares)		(25)
Balance at Dec. 31, 2020	98,866	$ 1,125	4,556	174,300	(81,115)
Balance (in shares) at Dec. 31, 2020		112,538
Balance at Sep. 30, 2020	15,443	$ 1,124	1,913	117,109	(104,703)
Balance (in shares) at Sep. 30, 2020		112,405
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	171,709
Other comprehensive income (loss)	23,169
Balance at Jun. 30, 2021	222,270	$ 1,128	13,858	288,818	(81,534)
Balance (in shares) at Jun. 30, 2021		112,780
Balance at Dec. 31, 2020	98,866	$ 1,125	4,556	174,300	(81,115)
Balance (in shares) at Dec. 31, 2020		112,538
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	38,312			38,312
Other comprehensive income (loss)	(7,316)				(7,316)
Share-based compensation	2,648		2,648
Stock issued for equity awards	2,323	$ 2	2,321
Stock issued for equity awards (in shares)		141
Balance at Mar. 31, 2021	134,833	$ 1,127	9,525	212,612	(88,431)
Balance (in shares) at Mar. 31, 2021		112,679
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	76,206			76,206
Other comprehensive income (loss)	6,897				6,897
Share-based compensation	2,617		2,617
Stock issued for equity awards	1,717	$ 1	1,716
Stock issued for equity awards (in shares)		101
Balance at Jun. 30, 2021	222,270	$ 1,128	13,858	288,818	(81,534)
Balance (in shares) at Jun. 30, 2021		112,780
Balance at Sep. 30, 2021	$ 280,741	$ 1,129	17,286	356,967	(94,641)
Balance (in shares) at Sep. 30, 2021	112,913	112,913
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	$ 68,838			68,838
Other comprehensive income (loss)	(3,751)				(3,751)
Share-based compensation	3,958		3,958
Stock issued for equity awards	7,372	$ 8	7,364
Stock issued for equity awards (in shares)		795
Employee withholding taxes paid related to net share settlement	(1,137)	$ (1)	(1,136)
Employee withholding taxes paid related to net share settlement (in shares)		(56)
Repurchases and cancellations of common stock	(75,000)	$ (36)	(27,472)	(47,492)
Repurchases and cancellations of common stock (in shares)		(3,675)
Balance at Dec. 31, 2021	281,021	$ 1,100		378,313	(98,392)
Balance (in shares) at Dec. 31, 2021		109,977
Balance at Sep. 30, 2021	$ 280,741	$ 1,129	17,286	356,967	(94,641)
Balance (in shares) at Sep. 30, 2021	112,913	112,913
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	$ 162,214
Other comprehensive income (loss)	(31,729)
Balance at Jun. 30, 2022	$ 295,871	$ 1,070	2,339	418,832	(126,370)
Balance (in shares) at Jun. 30, 2022	106,963	106,963
Balance at Dec. 31, 2021	$ 281,021	$ 1,100		378,313	(98,392)
Balance (in shares) at Dec. 31, 2021		109,977
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	46,808			46,808
Other comprehensive income (loss)	(3,076)				(3,076)
Share-based compensation	2,032		2,032
Stock issued for equity awards	424	$ 1	423
Stock issued for equity awards (in shares)		111
Employee withholding taxes paid related to net share settlement	(15)		(15)
Employee withholding taxes paid related to net share settlement (in shares)		(1)
Repurchases and cancellations of common stock	(55,328)	$ (32)	(2,440)	(52,856)
Repurchases and cancellations of common stock (in shares)		(3,157)
Balance at Mar. 31, 2022	271,866	$ 1,069		372,265	(101,468)
Balance (in shares) at Mar. 31, 2022		106,930
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	46,567			46,567
Other comprehensive income (loss)	(24,902)				(24,902)
Share-based compensation	2,113		2,113
Stock issued for equity awards	254	$ 1	253
Stock issued for equity awards (in shares)		35
Employee withholding taxes paid related to net share settlement	(27)		(27)
Employee withholding taxes paid related to net share settlement (in shares)		(2)
Balance at Jun. 30, 2022	$ 295,871	$ 1,070	$ 2,339	$ 418,832	$ (126,370)
Balance (in shares) at Jun. 30, 2022	106,963	106,963

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities:
Net earnings (loss)	$ 162,214	$ 171,709
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	73,361	78,090
Share-based compensation expense	8,103	8,158
Amortization of deferred financing costs	2,702	3,280
Loss on early extinguishment of debt	16,439	2,449
Loss on disposal of equipment and other property	57	1,638
Deferred income taxes	7,702	(998)
Changes in (exclusive of effects of acquisitions):
Trade accounts receivable	243	(8,612)
Accounts receivable, other	(3,034)	(10,363)
Inventory	(160,194)	(108,317)
Other current assets	(15,577)	(931)
Other assets	3,547	1,578
Operating leases, net	8,448	(1,595)
Accounts payable and accrued liabilities	(34,349)	78,250
Income taxes payable	(8,169)	6,372
Other liabilities	(12,266)	(2,980)
Net cash provided by operating activities	49,227	217,728
Cash Flows from Investing Activities:
Payments for property and equipment, net of proceeds	(67,234)	(44,888)
Acquisitions, net of cash acquired	(665)	(2,351)
Net cash used by investing activities	(67,899)	(47,239)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	283,003
Repayments of long-term debt, including prepayment costs	(433,383)	(418,986)
Debt issuance costs		(1,300)
Payments for common stock repurchased	(130,328)
Proceeds from equity awards	8,050	4,039
Employee withholding taxes paid related to net share settlement of equity awards	(1,179)	(249)
Net cash used by financing activities	(273,837)	(416,496)
Effect of foreign exchange rate changes on cash and cash equivalents	(7,132)	2,173
Net decrease in cash and cash equivalents	(299,641)	(243,834)
Cash and cash equivalents, beginning of period	400,959	514,151
Cash and cash equivalents, end of period	101,318	270,317
Supplemental Cash Flow Information:
Interest paid	75,660	86,293
Income taxes paid	73,862	53,764
Capital expenditures incurred but not paid	$ 7,682	$ 2,098

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant Accounting Policies Business Operations Sally Beauty Holdings is an international specialty retailer and distributor of professional beauty supplies with operations in North America, South America and Europe. We are one of the largest distributors of professional beauty supplies in the U.S. based on store count, operating under two segments, Sally Beauty Supply (“SBS”) and Beauty Systems Group (“BSG”). Our operations consist of company-operated stores, franchise stores and several e-commerce platforms. Within BSG, we also have one of the largest networks of distributor sales consultants (“DSCs”) for professional beauty products in North America, who sell directly to salons and salon professionals. SBS targets retail consumers, salons and salon professionals, while BSG targets salons and salon professionals. Basis of Presentation The condensed consolidated interim financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC, although we believe that the disclosures included herein are adequate for the interim period presented. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. In the opinion of management, these condensed consolidated interim financial statements reflect all adjustments that are of a normal recurring nature and which are necessary to present fairly our consolidated financial position as of June 30, 2022, and September 30, 2021, and our consolidated results of operations, consolidated comprehensive income, consolidated statements of stockholders’ equity for the three and nine months ended June 30, 2022 and 2021, and our consolidated cash flows for the nine months ended June 30, 2022 and 2021. Principles of Consolidation The condensed consolidated interim financial statements include all accounts of Sally Beauty Holdings, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in U.S. Dollars. Accounting Policies We adhere to the same accounting policies in the preparation of our condensed consolidated interim financial statements as we do in the preparation of our full year consolidated financial statements. As permitted under GAAP, interim accounting for certain expenses, including income taxes, is based on full-year assumptions. For interim financial reporting purposes, income taxes are recorded based upon our estimated annual effective income tax. Use of Estimates In order to present our financial statements in conformity with GAAP, we are required to make certain estimates and assumptions that impact our interim financial statements and supplementary disclosures. These estimates may use forecasted financial information based on reasonable information available, however are subject to change in the future. Additionally, unknown future impacts of COVID-19 may impact those estimates and assumptions as well. Significant estimates and assumptions are part of our accounting for sales allowances, deferred revenue, valuation of inventory, amortization and depreciation, intangibles and goodwill, and other reserves. We believe these estimates and assumptions are reasonable; however, they are based on management’s current knowledge of events and actions, and changes in facts and circumstances may result in revised estimates and impact actual results. Impact of COVID-19 Our operating results for the fiscal years 2022 and 2021 were adversely impacted by the COVID-19 pandemic and its effects on the global economy. Given the uncertainty around the continued effects of the COVID-19 pandemic and macro-environment, we cannot reasonably predict the effect they will have on future periods. If once again we become materially and adversely impacted, we may have to consider adjustments to our operations, inventory, liquidity, capital expenditures and accounting estimates and reserves.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition Substantially all of our revenue is derived through the sale of merchandise at the point-of-sale. Revenue is recognized net of estimated sales returns and sales taxes. We estimate sales returns based on historical data. Changes to our contract liabilities, which are included in accrued liabilities in our condensed consolidated balance sheets, for the periods were as follows (in thousands): Nine Months Ended June 30, 2022 2021 Beginning Balance $ 16,744 $ 13,947 Loyalty points and gift cards issued but not redeemed, net of estimated breakage 5,195 11,950 Revenue recognized from beginning liability (8,132 ) (9,391 ) Ending Balance $ 13,807 $ 16,506 See Note 10, Segment Reporting

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. Fair Value Measurements Financial instruments measured on recurring basis Consistent with the three-level hierarchy defined in ASC Topic 820, Fair Value Measurement (in thousands) Classification Fair Value Hierarchy Level June 30, 2022 September 30, 2021 Financial Assets: Foreign exchange contracts Other current assets Level 2 $ 547 $ — Interest rate caps Other assets Level 2 2,029 35 Total assets $ 2,576 $ 35 . Financial Liabilities: Foreign exchange contracts Accrued liabilities Level 2 $ 315 $ — Financial instruments not measured at fair value Carrying amounts and the related estimated fair value of our long-term debt, excluding capital lease obligations and debt issuance costs, are as follows: June 30, 2022 September 30, 2021 (in thousands) Fair Value Hierarchy Level Carrying Value Fair Value Carrying Value Fair Value Long-term debt, excluding capital leases Senior notes Level 1 $ 679,961 $ 638,313 $ 979,961 $ 1,019,635 Term loan B Level 2 408,875 403,764 413,000 411,451 Total long-term debt $ 1,088,836 $ 1,042,077 $ 1,392,961 $ 1,431,086 The table above excludes amounts, if any, related to our ABL facility as the balance approximates fair value due to the short-term nature of our borrowings.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jun. 30, 2022
Stockholders Equity Note [Abstract]
Stockholders' Equity	4. Stockholders’ Equity Share Repurchases In August 2017, our Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $1.0 billion of its common stock, subject to certain limitations governed by our debt agreements. In July 2021, our Board of Directors approved a term extension of the share repurchase program for the four-year Information related to our shares repurchased and subsequently retired were as follows (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Number of shares repurchased — — 6,832 — Total cost of share repurchased $ — $ — $ 130,328 $ — Accumulated Other Comprehensive Loss The change in accumulated other comprehensive loss (“AOCL”) was as follows (in thousands): Foreign Currency Translation Adjustments Interest Rate Caps Foreign Exchange Contracts Total Balance at September 30, 2021 $ (92,154 ) $ (2,085 ) $ (402 ) $ (94,641 ) Other comprehensive loss before reclassification, net of tax (34,645 ) 1,073 400 (33,172 ) Reclassification to net earnings, net of tax — 1,255 188 1,443 Balance at June 30, 2022 $ (126,799 ) $ 243 $ 186 $ (126,370 ) The tax impact for the changes in other comprehensive loss and the reclassifications to net earnings was not material.

Weighted-Average Shares

Weighted-Average Shares	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Weighted-Average Shares	5. Weighted-Average Shares The following table sets forth the reconciliation of basic and diluted weighted-average shares (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Weighted-average basic shares 106,940 112,739 109,238 112,605 Dilutive securities: Stock option and stock award programs 1,586 2,188 1,669 1,669 Weighted-average diluted shares 108,526 114,927 110,907 114,274 Anti-dilutive options excluded from our computation of diluted shares 2,406 2,188 2,385 1,670

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets During our second fiscal quarter, we completed our annual assessment for impairment of goodwill and indefinite-lived intangible assets. For goodwill, we used a qualitative analysis and our actual and forecasted results are exceeding the estimates from the last quantitative test. Additionally, we considered potential triggering events and determined there were none for the three months ended June 30, 2022. Three Months Ended June 30, Nine Months Ended June 30, (in thousands) 2022 2021 2022 2021 Intangible assets amortization expense $ 977 $ 1,648 $ 3,047 $ 4,956 Additionally, during the nine months ended June 30, 2022, the decreases in goodwill and other intangibles were primarily from the effects of foreign currency exchange rates of $8.3 million and $2.2 million, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jun. 30, 2022
Payables And Accruals [Abstract]
Accrued Liabilities	7. Accrued Liabilities Accrued liabilities consist of the following (in thousands): June 30, 2022 September 30, 2021 Compensation and benefits $ 67,664 $ 73,344 Deferred revenue 16,216 18,543 Rental obligations 11,187 10,501 Insurance reserves 6,098 5,934 Interest payable 3,722 24,101 Property and other taxes 2,497 3,853 Operating accruals and other 58,612 69,879 Total accrued liabilities $ 165,996 $ 206,155

Short-term Borrowings and Long-

Short-term Borrowings and Long-term Debt	9 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Short-term Borrowings and Long-term Debt	8. Short-term Borrowings and Long-term Debt During the three months ended June 30, 2022, we issued a notice of redemption (the “Redemption Notice”), to redeem on May 31, 2022, the entire $300 million aggregate outstanding principal amount of the 8.75% Senior Secured Second Lien Notes due 2025 (“8.75% Senior Notes”). The redemption was made pursuant to the terms of the Indenture dated April 24, 2020, at a redemption price equal to 104.375% of the principal amount of the 8.75% Senior Notes plus accrued but unpaid interest to, but not including, the redemption date. On May 31, 2022, we redeemed these 8.75% Senior Notes with excess cash on hand and $150.0 million in borrowings from our ABL facility. In connection with the redemption, we recognized a loss on the extinguishment of debt of $16.4 million within interest expense, which included a redemption premium of $13.1 million and the write-off of unamortized deferred financing costs of $3.3 million At June 30, 2022, our ABL facility had $167.0 million in outstanding borrowings

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	9. Derivative Instruments and Hedging Activities During the nine months ended June 30, 2022, we did not purchase or hold any derivative instruments for trading or speculative purposes. See Note 3, Fair Value Measurements Designated Cash Flow Hedges Foreign Currency Forwards We regularly enter into foreign currency forwards to mitigate our exposure to exchange rate changes on inventory purchases in U.S. dollars by our foreign subsidiaries. At June 30, 2022, we held forwards, which expire ratably through September 30, 2022, with a notional amount, based upon exchange rates at June 30, 2022, as follows (in thousands): Notional Currency Notional Amount Mexican Peso $ 6,478 Euro 4,084 Canadian Dollar 2,619 Total $ 13,181 Quarterly, the changes in fair value related to the foreign currency forwards are recorded into AOCL. As the forwards are exercised, the realized value is recognized into cost of goods sold, based on inventory turns, in our condensed consolidated statements of earnings. For the nine months ended June 30, 2022 and 2021, we recognized a loss of $0.2 million and a gain of $0.1 million, respectively. The effects of our foreign currency forwards were not material for the three months ended June 30, 2022 and 2021. Based on June 30, 2022, valuations and exchange rates, we expect to reclassify gains of approximately $1.6 million into cost of goods sold over the next 12 months. Interest Rate Caps In July 2017, we purchased two interest rate caps with an initial aggregate notional amount of $550 million (the “interest rate caps”) to mitigate the exposure to higher interest rates in connection with our term loan B. The interest rate caps are comprised of individual caplets that expire ratably through June 30, 2023, and are designated as cash flow hedges. Accordingly, changes in fair value of the interest rate caps are recorded quarterly, net of income tax, and are included in AOCL. For the nine months ended June 30, 2022 and 2021, we recognized expense of $1.3 million and $0.8 million, respectively, into interest expense on our condensed consolidated statements of earnings. The effects of our interest rate caps on our condensed consolidated statements of earnings were not material for the three months ended June 30, 2022 and 2021. Over the next 12 months, we expect to reclassify approximately $0.7 million into interest expense, which represents the original value of the expiring caplets.

Business Segments

Business Segments	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments	10. Segment Reporting Segment data for the three and nine months ended June 30, 2022 and 2021, is as follows (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Net sales: Sally Beauty Supply ("SBS") $ 551,725 $ 602,681 $ 1,639,040 $ 1,693,015 Beauty Systems Group ("BSG") 409,742 419,706 1,214,065 1,191,722 Total $ 961,467 $ 1,022,387 $ 2,853,105 $ 2,884,737 Earnings before provision for income taxes: Segment operating earnings: SBS $ 88,792 $ 116,784 $ 270,355 $ 311,975 BSG 56,067 55,265 160,621 151,680 Segment operating earnings 144,859 172,049 430,976 463,655 Unallocated expenses 45,612 44,124 131,389 155,034 Restructuring 44 508 1,143 1,371 Consolidated operating earnings 99,203 127,417 298,444 307,250 Interest expense 35,977 23,452 76,113 73,313 Earnings before provision for income taxes $ 63,226 $ 103,965 $ 222,331 $ 233,937 Sales between segments, which are eliminated in consolidation, were not material during the three and nine months ended June 30, 2022 and 2021. Disaggregation of net sales by segment The following tables disaggregate our segment revenues by merchandise category. We have reclassified certain prior year amounts to conform to current year presentation. Three Months Ended June 30, Nine Months Ended June 30, SBS 2022 2021 2022 2021 Hair color 38.3 % 36.4 % 37.7 % 36.1 % Hair care 23.5 % 22.1 % 23.8 % 21.6 % Styling tools and supplies 18.8 % 21.3 % 19.4 % 22.4 % Nail 11.3 % 10.9 % 10.8 % 10.8 % Skin and cosmetics 7.6 % 8.5 % 7.6 % 8.4 % Other beauty items 0.5 % 0.8 % 0.7 % 0.7 % Total 100.0 % 100.0 % 100.0 % 100.0 % Three Months Ended June 30, Nine Months Ended June 30, BSG 2022 2021 2022 2021 Hair color 42.3 % 44.3 % 42.4 % 42.4 % Hair care 40.0 % 37.2 % 39.9 % 38.4 % Styling tools and supplies 11.4 % 11.6 % 11.2 % 11.7 % Skin and cosmetics 3.4 % 3.7 % 3.9 % 4.1 % Nail 2.5 % 2.7 % 2.3 % 2.9 % Other beauty items 0.4 % 0.5 % 0.3 % 0.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % The following tables disaggregate our segment revenue by sales channels: Three Months Ended June 30, Nine Months Ended June 30, SBS 2022 2021 2022 2021 Company-operated stores 94.0 % 94.2 % 94.0 % 93.7 % E-commerce 6.0 % 5.7 % 6.0 % 6.2 % Franchise stores 0.0 % 0.1 % 0.0 % 0.1 % Total 100.0 % 100.0 % 100.0 % 100.0 % Three Months Ended June 30, Nine Months Ended June 30, BSG 2022 2021 2022 2021 Company-operated stores 66.6 % 69.2 % 66.9 % 69.7 % Distributor sales consultants 13.9 % 14.1 % 13.9 % 14.0 % E-commerce 11.6 % 8.8 % 11.8 % 8.8 % Franchise stores 7.9 % 7.9 % 7.4 % 7.5 % Total 100.0 % 100.0 % 100.0 % 100.0 %

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Business Operations	Business Operations Sally Beauty Holdings is an international specialty retailer and distributor of professional beauty supplies with operations in North America, South America and Europe. We are one of the largest distributors of professional beauty supplies in the U.S. based on store count, operating under two segments, Sally Beauty Supply (“SBS”) and Beauty Systems Group (“BSG”). Our operations consist of company-operated stores, franchise stores and several e-commerce platforms. Within BSG, we also have one of the largest networks of distributor sales consultants (“DSCs”) for professional beauty products in North America, who sell directly to salons and salon professionals. SBS targets retail consumers, salons and salon professionals, while BSG targets salons and salon professionals.
Basis of Presentation	Basis of Presentation The condensed consolidated interim financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC, although we believe that the disclosures included herein are adequate for the interim period presented. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. In the opinion of management, these condensed consolidated interim financial statements reflect all adjustments that are of a normal recurring nature and which are necessary to present fairly our consolidated financial position as of June 30, 2022, and September 30, 2021, and our consolidated results of operations, consolidated comprehensive income, consolidated statements of stockholders’ equity for the three and nine months ended June 30, 2022 and 2021, and our consolidated cash flows for the nine months ended June 30, 2022 and 2021.
Principles of Consolidation	Principles of Consolidation The condensed consolidated interim financial statements include all accounts of Sally Beauty Holdings, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. All amounts are in U.S. Dollars.
Accounting Policies	Accounting Policies We adhere to the same accounting policies in the preparation of our condensed consolidated interim financial statements as we do in the preparation of our full year consolidated financial statements. As permitted under GAAP, interim accounting for certain expenses, including income taxes, is based on full-year assumptions. For interim financial reporting purposes, income taxes are recorded based upon our estimated annual effective income tax.
Use of Estimates	Use of Estimates In order to present our financial statements in conformity with GAAP, we are required to make certain estimates and assumptions that impact our interim financial statements and supplementary disclosures. These estimates may use forecasted financial information based on reasonable information available, however are subject to change in the future. Additionally, unknown future impacts of COVID-19 may impact those estimates and assumptions as well. Significant estimates and assumptions are part of our accounting for sales allowances, deferred revenue, valuation of inventory, amortization and depreciation, intangibles and goodwill, and other reserves. We believe these estimates and assumptions are reasonable; however, they are based on management’s current knowledge of events and actions, and changes in facts and circumstances may result in revised estimates and impact actual results.
Impact of COVID-19	Impact of COVID-19 Our operating results for the fiscal years 2022 and 2021 were adversely impacted by the COVID-19 pandemic and its effects on the global economy. Given the uncertainty around the continued effects of the COVID-19 pandemic and macro-environment, we cannot reasonably predict the effect they will have on future periods. If once again we become materially and adversely impacted, we may have to consider adjustments to our operations, inventory, liquidity, capital expenditures and accounting estimates and reserves.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Schedule of Changes to Contract Liabilities	Changes to our contract liabilities, which are included in accrued liabilities in our condensed consolidated balance sheets, for the periods were as follows (in thousands): Nine Months Ended June 30, 2022 2021 Beginning Balance $ 16,744 $ 13,947 Loyalty points and gift cards issued but not redeemed, net of estimated breakage 5,195 11,950 Revenue recognized from beginning liability (8,132 ) (9,391 ) Ending Balance $ 13,807 $ 16,506

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities and other fair value disclosures by fair value hierarchy	Financial instruments measured on recurring basis Consistent with the three-level hierarchy defined in ASC Topic 820, Fair Value Measurement (in thousands) Classification Fair Value Hierarchy Level June 30, 2022 September 30, 2021 Financial Assets: Foreign exchange contracts Other current assets Level 2 $ 547 $ — Interest rate caps Other assets Level 2 2,029 35 Total assets $ 2,576 $ 35 . Financial Liabilities: Foreign exchange contracts Accrued liabilities Level 2 $ 315 $ — Financial instruments not measured at fair value Carrying amounts and the related estimated fair value of our long-term debt, excluding capital lease obligations and debt issuance costs, are as follows: June 30, 2022 September 30, 2021 (in thousands) Fair Value Hierarchy Level Carrying Value Fair Value Carrying Value Fair Value Long-term debt, excluding capital leases Senior notes Level 1 $ 679,961 $ 638,313 $ 979,961 $ 1,019,635 Term loan B Level 2 408,875 403,764 413,000 411,451 Total long-term debt $ 1,088,836 $ 1,042,077 $ 1,392,961 $ 1,431,086

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jun. 30, 2022
Stockholders Equity Note [Abstract]
Schedule of Shares Repurchased and Subsequently Retired	Information related to our shares repurchased and subsequently retired were as follows (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Number of shares repurchased — — 6,832 — Total cost of share repurchased $ — $ — $ 130,328 $ —
Schedule of changes in accumulated other comprehensive loss	The change in accumulated other comprehensive loss (“AOCL”) was as follows (in thousands): Foreign Currency Translation Adjustments Interest Rate Caps Foreign Exchange Contracts Total Balance at September 30, 2021 $ (92,154 ) $ (2,085 ) $ (402 ) $ (94,641 ) Other comprehensive loss before reclassification, net of tax (34,645 ) 1,073 400 (33,172 ) Reclassification to net earnings, net of tax — 1,255 188 1,443 Balance at June 30, 2022 $ (126,799 ) $ 243 $ 186 $ (126,370 )

Weighted-Average Shares (Tables

Weighted-Average Shares (Tables)	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of reconciliation of basic and diluted weighted-average shares	The following table sets forth the reconciliation of basic and diluted weighted-average shares (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Weighted-average basic shares 106,940 112,739 109,238 112,605 Dilutive securities: Stock option and stock award programs 1,586 2,188 1,669 1,669 Weighted-average diluted shares 108,526 114,927 110,907 114,274 Anti-dilutive options excluded from our computation of diluted shares 2,406 2,188 2,385 1,670

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets Amortization Expense	Three Months Ended June 30, Nine Months Ended June 30, (in thousands) 2022 2021 2022 2021 Intangible assets amortization expense $ 977 $ 1,648 $ 3,047 $ 4,956

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jun. 30, 2022
Payables And Accruals [Abstract]
Schedule of accrued liabilities	Accrued liabilities consist of the following (in thousands): June 30, 2022 September 30, 2021 Compensation and benefits $ 67,664 $ 73,344 Deferred revenue 16,216 18,543 Rental obligations 11,187 10,501 Insurance reserves 6,098 5,934 Interest payable 3,722 24,101 Property and other taxes 2,497 3,853 Operating accruals and other 58,612 69,879 Total accrued liabilities $ 165,996 $ 206,155

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Jun. 30, 2022
Foreign Currency Forwards
Schedule of notional amount held through foreign currency forwards, based upon exchange rates	At June 30, 2022, we held forwards, which expire ratably through September 30, 2022, with a notional amount, based upon exchange rates at June 30, 2022, as follows (in thousands): Notional Currency Notional Amount Mexican Peso $ 6,478 Euro 4,084 Canadian Dollar 2,619 Total $ 13,181

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of segment data	Segment data for the three and nine months ended June 30, 2022 and 2021, is as follows (in thousands): Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Net sales: Sally Beauty Supply ("SBS") $ 551,725 $ 602,681 $ 1,639,040 $ 1,693,015 Beauty Systems Group ("BSG") 409,742 419,706 1,214,065 1,191,722 Total $ 961,467 $ 1,022,387 $ 2,853,105 $ 2,884,737 Earnings before provision for income taxes: Segment operating earnings: SBS $ 88,792 $ 116,784 $ 270,355 $ 311,975 BSG 56,067 55,265 160,621 151,680 Segment operating earnings 144,859 172,049 430,976 463,655 Unallocated expenses 45,612 44,124 131,389 155,034 Restructuring 44 508 1,143 1,371 Consolidated operating earnings 99,203 127,417 298,444 307,250 Interest expense 35,977 23,452 76,113 73,313 Earnings before provision for income taxes $ 63,226 $ 103,965 $ 222,331 $ 233,937
Schedule of disaggregation of net sales by segment	Disaggregation of net sales by segment The following tables disaggregate our segment revenues by merchandise category. We have reclassified certain prior year amounts to conform to current year presentation. Three Months Ended June 30, Nine Months Ended June 30, SBS 2022 2021 2022 2021 Hair color 38.3 % 36.4 % 37.7 % 36.1 % Hair care 23.5 % 22.1 % 23.8 % 21.6 % Styling tools and supplies 18.8 % 21.3 % 19.4 % 22.4 % Nail 11.3 % 10.9 % 10.8 % 10.8 % Skin and cosmetics 7.6 % 8.5 % 7.6 % 8.4 % Other beauty items 0.5 % 0.8 % 0.7 % 0.7 % Total 100.0 % 100.0 % 100.0 % 100.0 % Three Months Ended June 30, Nine Months Ended June 30, BSG 2022 2021 2022 2021 Hair color 42.3 % 44.3 % 42.4 % 42.4 % Hair care 40.0 % 37.2 % 39.9 % 38.4 % Styling tools and supplies 11.4 % 11.6 % 11.2 % 11.7 % Skin and cosmetics 3.4 % 3.7 % 3.9 % 4.1 % Nail 2.5 % 2.7 % 2.3 % 2.9 % Other beauty items 0.4 % 0.5 % 0.3 % 0.5 % Total 100.0 % 100.0 % 100.0 % 100.0 % The following tables disaggregate our segment revenue by sales channels: Three Months Ended June 30, Nine Months Ended June 30, SBS 2022 2021 2022 2021 Company-operated stores 94.0 % 94.2 % 94.0 % 93.7 % E-commerce 6.0 % 5.7 % 6.0 % 6.2 % Franchise stores 0.0 % 0.1 % 0.0 % 0.1 % Total 100.0 % 100.0 % 100.0 % 100.0 % Three Months Ended June 30, Nine Months Ended June 30, BSG 2022 2021 2022 2021 Company-operated stores 66.6 % 69.2 % 66.9 % 69.7 % Distributor sales consultants 13.9 % 14.1 % 13.9 % 14.0 % E-commerce 11.6 % 8.8 % 11.8 % 8.8 % Franchise stores 7.9 % 7.9 % 7.4 % 7.5 % Total 100.0 % 100.0 % 100.0 % 100.0 %

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details)	9 Months Ended
	Jun. 30, 2022 segment
Accounting Policies [Abstract]
Number of segments	2

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Changes to Contract Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Contract With Customer Liability [Abstract]
Beginning Balance	$ 16,744	$ 13,947
Loyalty points and gift cards issued but not redeemed, net of estimated breakage	5,195	11,950
Revenue recognized from beginning liability	(8,132)	(9,391)
Ending Balance	$ 13,807	$ 16,506

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Long-term debt, excluding capital leases
Long-term debt, excluding capital leases, Carrying Value	$ 1,088,836	$ 1,392,961
Long-term debt, excluding capital leases, Fair Value	1,042,077	1,431,086
Level 2 | Term loan B
Long-term debt, excluding capital leases
Long-term debt, excluding capital leases, Carrying Value	408,875	413,000
Long-term debt, excluding capital leases, Fair Value	403,764	411,451
Level 1 | Senior notes
Long-term debt, excluding capital leases
Long-term debt, excluding capital leases, Carrying Value	679,961	979,961
Long-term debt, excluding capital leases, Fair Value	638,313	1,019,635
Fair Value, Recurring
Financial Assets:
Total assets	2,576	35
Fair Value, Recurring | Level 2 | Other current assets
Financial Assets:
Foreign exchange contracts	547
Fair Value, Recurring | Level 2 | Other assets
Financial Assets:
Interest rate caps	2,029	$ 35
Fair Value, Recurring | Level 2 | Accrued Liabilities
Financial Liabilities:
Foreign exchange contracts	$ 315

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - 2017 Share Repurchase program - USD ($)	1 Months Ended
	Jul. 31, 2021	Jun. 30, 2022	Aug. 31, 2017
Share Repurchase Program
Amount of shares authorized to be repurchased		$ 595,800,000	$ 1,000,000,000
Term of share repurchase program, extended	4 years
Stock repurchase program, expiration date	Sep. 30, 2025

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Shares Repurchased and Subsequently Retired (Details) shares in Thousands, $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($) shares
Stockholders Equity Note [Abstract]
Number of shares repurchased | shares	6,832
Total cost of share repurchased | $	$ 130,328

Stockholders' Equity - Change i

Stockholders' Equity - Change in AOCL (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 280,741
Balance	295,871
Interest rate caps
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(2,085)
Other comprehensive loss before reclassification, net of tax	1,073
Reclassification to net earnings, net of tax	1,255
Balance	243
Foreign exchange contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(402)
Other comprehensive loss before reclassification, net of tax	400
Reclassification to net earnings, net of tax	188
Balance	186
Foreign currency translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(92,154)
Other comprehensive loss before reclassification, net of tax	(34,645)
Balance	(126,799)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(94,641)
Other comprehensive loss before reclassification, net of tax	(33,172)
Reclassification to net earnings, net of tax	1,443
Balance	$ (126,370)

Weighted-Average Shares (Detail

Weighted-Average Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share Reconciliation:
Weighted-average basic shares	106,940	112,739	109,238	112,605
Dilutive securities:
Stock option and stock award programs	1,586	2,188	1,669	1,669
Weighted-average diluted shares	108,526	114,927	110,907	114,274
Anti-dilutive options excluded from our computation of diluted shares	2,406	2,188	2,385	1,670

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - (Details) - USD ($)	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Impairment losses in connection with the goodwill	$ 0	$ 0
Impairment losses in connection with the intangible assets	0	$ 0
Goodwill, decreased from effects of foreign currency exchange rates	$ 8,300,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Intangible Assets Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible assets amortization expense	$ 977	$ 1,648	$ 3,047	$ 4,956

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Accrued Liabilities
Compensation and benefits	$ 67,664	$ 73,344
Deferred revenue	16,216	18,543
Rental obligations	11,187	10,501
Insurance reserves	6,098	5,934
Interest payable	3,722	24,101
Property and other taxes	2,497	3,853
Operating accruals and other	58,612	69,879
Total accrued liabilities	$ 165,996	$ 206,155

Short-term Borrowings and Lon_2

Short-term Borrowings and Long-term Debt - Additional Information (Details) - USD ($)		9 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Loss on the extinguishment of debt		$ (16,439,000)	$ (2,449,000)
ABL facility
Debt Instrument [Line Items]
Outstanding borrowing		167,000,000
Revolving credit facility		$ 314,200,000
Senior Secured Second Lien Notes Due 2025
Debt Instrument [Line Items]
Interest rate	8.75%
Redemption premium	$ 13,100,000
Write-off of unamortized deferred financing costs	3,300,000
Senior Secured Second Lien Notes Due 2025 | Interest Expense
Debt Instrument [Line Items]
Loss on the extinguishment of debt	(16,400,000)
Senior Secured Second Lien Notes Due 2025 | ABL facility
Debt Instrument [Line Items]
Borrowings	150,000,000
Senior Secured Second Lien Notes Due 2025 | Sally Holdings LLC and Sally Capital Inc.
Debt Instrument [Line Items]
Principal outstanding amount	$ 300,000,000
Interest rate	8.75%
Percentage of redemption price equal to principal amount	104.375%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2022 USD ($) instrument	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) instrument	Jun. 30, 2021 USD ($)	Jul. 31, 2017 USD ($) derivative
Derivative Instruments
Number of derivative instruments held | instrument	0		0
Interest expense	$ 35,977,000	$ 23,452,000	$ 76,113,000	$ 73,313,000
Foreign Currency Forwards
Derivative Instruments
Derivative instruments, expiration date			Sep. 30, 2022
Notional Amount	13,181,000		$ 13,181,000
Foreign Currency Forwards | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments
Foreign currency forwards designated as cash flow hedges to be reclassified gain (loss)			(200,000)	100,000
Foreign currency forwards designated as cash flow hedges to be reclassified losses into cost of goods sold over next 12 months	1,600,000		$ 1,600,000
Interest rate caps | Variable-rate tranche | Sally Holdings, LLC
Derivative Instruments
Derivative instruments, expiration date			Jun. 30, 2023
Notional Amount					$ 550,000,000
Number of interest rate caps | derivative					2
Interest expense			$ 1,300,000	$ 800,000
Interest rate caps | Term loan B variable tranche | Sally Holdings, LLC
Derivative Instruments
Interest rate caps designated as cash flow hedges to be reclassified into interest expense over next 12 months	$ 700,000		$ 700,000

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Notional Amount Held Through Foreign Currency Forwards, Based Upon Exchange Rates (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Foreign Currency Forwards
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	$ 13,181
Mexican Peso
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	6,478
Euro
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	4,084
Canadian Dollar
Foreign Currency Fair Value Hedge Derivative [Line Items]
Notional Amount	$ 2,619

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net sales:
Total net sales	$ 961,467	$ 1,022,387	$ 2,853,105	$ 2,884,737
Segment operating earnings:
Segment operating earnings	99,203	127,417	298,444	307,250
Restructuring	44	508	1,143	1,371
Interest expense	35,977	23,452	76,113	73,313
Earnings before provision for income taxes	63,226	103,965	222,331	233,937
Operating segments
Segment operating earnings:
Segment operating earnings	144,859	172,049	430,976	463,655
Corporate
Segment operating earnings:
Unallocated expenses	45,612	44,124	131,389	155,034
Sally Beauty Supply
Net sales:
Total net sales	551,725	602,681	1,639,040	1,693,015
Sally Beauty Supply | Operating segments
Segment operating earnings:
Segment operating earnings	88,792	116,784	270,355	311,975
Beauty Systems Group
Net sales:
Total net sales	409,742	419,706	1,214,065	1,191,722
Beauty Systems Group | Operating segments
Segment operating earnings:
Segment operating earnings	$ 56,067	$ 55,265	$ 160,621	$ 151,680

Business Segments - Schedule of

Business Segments - Schedule of Disaggregation of Net Sales by Segment (Details) - Sales Revenue, Net - Product Concentration Risk	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Sally Beauty Supply
Disaggregation Of Revenue [Line Items]
Percentage of net sales	100%	100%	100%	100%
Sally Beauty Supply | Hair color
Disaggregation Of Revenue [Line Items]
Percentage of net sales	38.30%	36.40%	37.70%	36.10%
Sally Beauty Supply | Hair care
Disaggregation Of Revenue [Line Items]
Percentage of net sales	23.50%	22.10%	23.80%	21.60%
Sally Beauty Supply | Styling tools and supplies
Disaggregation Of Revenue [Line Items]
Percentage of net sales	18.80%	21.30%	19.40%	22.40%
Sally Beauty Supply | Nail
Disaggregation Of Revenue [Line Items]
Percentage of net sales	11.30%	10.90%	10.80%	10.80%
Sally Beauty Supply | Skin and cosmetics
Disaggregation Of Revenue [Line Items]
Percentage of net sales	7.60%	8.50%	7.60%	8.40%
Sally Beauty Supply | Other Beauty items
Disaggregation Of Revenue [Line Items]
Percentage of net sales	0.50%	0.80%	0.70%	0.70%
Sally Beauty Supply | Sales channel, directly to consumer | Company-operated stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	94%	94.20%	94%	93.70%
Sally Beauty Supply | Sales channel, through intermediary | E-commerce
Disaggregation Of Revenue [Line Items]
Percentage of net sales	6%	5.70%	6%	6.20%
Sally Beauty Supply | Sales channel, through intermediary | Franchise stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	0%	0.10%	0%	0.10%
Beauty Systems Group
Disaggregation Of Revenue [Line Items]
Percentage of net sales	100%	100%	100%	100%
Beauty Systems Group | Hair color
Disaggregation Of Revenue [Line Items]
Percentage of net sales	42.30%	44.30%	42.40%	42.40%
Beauty Systems Group | Hair care
Disaggregation Of Revenue [Line Items]
Percentage of net sales	40%	37.20%	39.90%	38.40%
Beauty Systems Group | Styling tools and supplies
Disaggregation Of Revenue [Line Items]
Percentage of net sales	11.40%	11.60%	11.20%	11.70%
Beauty Systems Group | Nail
Disaggregation Of Revenue [Line Items]
Percentage of net sales	2.50%	2.70%	2.30%	2.90%
Beauty Systems Group | Skin and cosmetics
Disaggregation Of Revenue [Line Items]
Percentage of net sales	3.40%	3.70%	3.90%	4.10%
Beauty Systems Group | Other Beauty items
Disaggregation Of Revenue [Line Items]
Percentage of net sales	0.40%	0.50%	0.30%	0.50%
Beauty Systems Group | Sales channel, directly to consumer | Company-operated stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	66.60%	69.20%	66.90%	69.70%
Beauty Systems Group | Sales channel, through intermediary | Distributor sales consultants
Disaggregation Of Revenue [Line Items]
Percentage of net sales	13.90%	14.10%	13.90%	14%
Beauty Systems Group | Sales channel, through intermediary | E-commerce
Disaggregation Of Revenue [Line Items]
Percentage of net sales	11.60%	8.80%	11.80%	8.80%
Beauty Systems Group | Sales channel, through intermediary | Franchise stores
Disaggregation Of Revenue [Line Items]
Percentage of net sales	7.90%	7.90%	7.40%	7.50%