Regis (RGS) 10-Q 4 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Oct. 24, 2014
Document and Entity Information	'	'
Entity Registrant Name	'REGIS CORP	'
Entity Central Index Key	'0000716643	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	55,251,656
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$186,257	$378,627
Receivables, net	22,085	25,808
Inventories	143,328	137,151
Other current assets	69,990	71,680
Total current assets	421,660	613,266
Property and equipment, net	253,072	266,538
Goodwill	423,278	425,264
Other intangibles, net	19,004	19,812
Investment in affiliates	29,339	28,611
Other assets	63,575	62,458
Total assets	1,209,928	1,415,949
Current liabilities:	'	'
Long-term debt, current portion	14	173,501
Accounts payable	71,280	68,491
Accrued expenses	137,497	142,720
Total current liabilities	208,791	384,712
Long-term debt and capital lease obligations	120,000	120,002
Other noncurrent liabilities	194,292	190,454
Total liabilities	523,083	695,168
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Common stock, $0.05 par value; issued and outstanding 55,250,514 and 56,651,166 common shares at September 30, 2014 and June 30, 2014, respectively	2,763	2,833
Additional paid-in capital	317,633	337,837
Accumulated other comprehensive income	18,029	22,651
Retained earnings	348,420	357,460
Total shareholders’ equity	686,845	720,781
Total liabilities and shareholders’ equity	$1,209,928	$1,415,949

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]	'	'
Common stock, par value (in dollars per share)	$0.05	$0.05
Common stock, shares issued	55,250,514	56,651,166
Common stock, shares outstanding	55,250,514	56,651,166

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'
Service	$364,742	$371,727
Product	88,762	86,743
Royalties and fees	11,047	10,113
Total revenues	464,551	468,583
Operating expenses:	'	'
Cost of service	223,687	225,015
Cost of product	44,977	44,024
Site operating expenses	51,652	50,841
General and administrative	45,185	44,433
Rent	77,469	79,010
Depreciation and amortization	22,188	23,831
Total operating expenses	465,158	467,154
Operating (expense) income	-607	1,429
Other income (expense):	'	'
Interest expense	-3,098	-4,491
Interest income and other, net	-127	544
Loss before income taxes and equity in income of affiliated companies	-3,832	-2,518
Income taxes	-5,612	383
Income (Loss) from Equity Method Investments	392	1,999
Net Income (Loss) Attributable to Parent	($9,052)	($136)
Earnings Per Share, Basic and Diluted	($0.16)	$0
Weighted average common and common equivalent shares outstanding:	'	'
Weighted Average Number of Shares Outstanding, Basic and Diluted	55,743	56,393
Cash dividends declared per common share	$0	$0.06

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net Income (Loss) Attributable to Parent	($9,052)	($136)
Other comprehensive (loss) income, net of tax:	'	'
Foreign currency translation adjustments during the period	-4,622	3,035
Other comprehensive (loss) income	-4,622	3,035
Comprehensive (loss) income	($13,674)	$2,899

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($9,052)	($136)
Adjustments to reconcile net loss to net cash provided by:	'	'
Depreciation and amortization	18,122	22,157
Equity in income of affiliated companies	-392	-1,999
Deferred income taxes	4,059	-250
Salon asset impairment	4,066	1,674
Loss on write down of inventories	0	854
Stock-based compensation	1,781	1,811
Amortization of debt discount and financing costs	618	1,843
Other non-cash items affecting earnings	343	-34
Changes in operating assets and liabilities, excluding the effects of acquisitions	-3,512	-10,164
Net cash provided by operating activities	16,033	15,756
Cash flows from investing activities:	'	'
Capital expenditures	-11,629	-11,444
Asset acquisitions, net of cash acquired and proceeds from sale of assets	4	-12
Proceeds from loans and investments	0	2,968
Net cash used in investing activities	-11,625	-8,488
Cash flows from financing activities:	'	'
Repayments of long-term debt and capital lease obligations	-173,740	-1,706
Repurchase of common stock	-21,529	0
Dividends paid	0	-3,397
Net cash used in financing activities	-195,269	-5,103
Effect of exchange rate changes on cash and cash equivalents	-1,509	1,033
(Decrease) increase in cash and cash equivalents	-192,370	3,198
Cash and cash equivalents:	'	'
Beginning of period	378,627	200,488
End of period	$186,257	$203,686

BASIS_OF_PRESENTATION_OF_UNAUD

BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
	The unaudited interim Condensed Consolidated Financial Statements of Regis Corporation (the Company) as of September 30, 2014 and for the three months ended September 30, 2014 and 2013, reflect, in the opinion of management, all adjustments necessary to fairly state the consolidated financial position of the Company as of September 30, 2014 and the consolidated results of its operations and its cash flows for the interim periods. Adjustments consist only of normal recurring items, except for any discussed in the notes below. The results of operations and cash flows for any interim period are not necessarily indicative of results of operations and cash flows for the full year.
	The Condensed Consolidated Balance Sheet data for June 30, 2014 was derived from audited Consolidated Financial Statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (GAAP). The unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2014 and other documents filed or furnished with the Securities and Exchange Commission (SEC) during the current fiscal year.
	Stock-Based Employee Compensation:
	During the three months ended September 30, 2014, the Company granted various equity awards including restricted stock units (RSUs), equity-based stock appreciation rights (SARs), and performance share units (PSUs). During the three months ended September 30, 2014, the dividend yield assumption was updated to 0%. Otherwise there were no significant changes to the assumptions used in calculating the fair value of SARs. All grants relate to stock incentive plans approved by the shareholders of the Company.
	A summary of equity awards granted is as follows:
		Three Months Ended September 30, 2014
	Restricted stock units	253,283
	Equity-based stock appreciation rights	436,465
	Performance share units	193,240
	Total compensation cost for stock-based payment arrangements totaled $1.8 million for each of the three months ended September 30, 2014 and 2013, respectively, recorded within general and administrative expense on the unaudited Condensed Consolidated Statement of Operations.
	During fiscal year 2014, the Company granted 0.1 million PSUs with a performance metric based upon achieving a three-year cumulative adjusted earnings before interest, income taxes and depreciation and amortization balance. As of September 30, 2014, the Company does not expect any of these units to be earned and has not recorded any net expense associated with these awards. However, future compensation expense for the unvested awards could reach a maximum of $1.9 million if the maximum performance metric is earned.
	Long-Lived Asset Impairment Assessments, Excluding Goodwill:
	The Company assesses impairment of long-lived assets at the individual salon level, as this is the lowest level for which identifiable cash flows are largely independent of other groups of assets and liabilities, when events or changes in circumstances indicate the carrying value of the assets or the asset grouping may not be recoverable. Factors considered in deciding when to perform an impairment review include significant under-performance of an individual salon in relation to expectations, significant economic or geographic trends, and significant changes or planned changes in our use of the assets. Impairment is evaluated based on the sum of undiscounted estimated future cash flows expected to result from use of the long-lived assets. If the undiscounted estimated cash flows are less than the carrying value of the assets, the Company calculates an impairment charge based on the assets' estimated fair value. The fair value of the long-lived assets is estimated using a discounted cash flow model based on the best information available, including market data and salon level revenues and expenses. Long-lived asset impairment charges are recorded within depreciation and amortization in the Consolidated Statement of Operations for the three months ended September 30, 2014 and 2013.
	Recent Accounting Standards Adopted by the Company:
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
	In April 2014, the Financial Accounting Standards Board ("FASB") updated the accounting guidance related to the definition of a discontinued operation and the related disclosures. The updated accounting guidance defines a discontinued operation as a disposal of a component or a group of components that is to be disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity's operations and financial results. The Company adopted this guidance in the first quarter of fiscal year 2015; its adoption did not have a material impact on the Company’s consolidated financial statements.
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists
	In July 2013, the FASB issued new accounting requirements which provide guidance on the financial statement presentation of unrecognized tax benefits when a net operating loss, a similar tax loss, or a tax credit carryforward exists. The requirements are effective for the Company beginning in the first quarter of fiscal year 2015 with early adoption permitted. The Company adopted this guidance in the first quarter of fiscal year 2015; its adoption did not have a material impact on the Company’s consolidated financial statements.
	Accounting Standards Recently Issued But Not Yet Adopted by the Company:
	Revenue from Contracts with Customers
	In May 2014, the FASB issued updated guidance for revenue recognition. The updated accounting guidance provides a comprehensive new revenue recognition model that requires a Company to recognize revenue to depict the exchange for goods or services to a customer at an amount that reflects the consideration it expects to receive for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This guidance will be effective in the first quarter of fiscal year 2018. This update permits the use of either the retrospective or simplified transition method. The Company does not expect the adoption of this update to have a material impact on the Company's consolidated financial statements and is evaluating the impact this guidance will have on its related disclosures.

INVESTMENT_IN_AFFILIATES

INVESTMENT IN AFFILIATES:	3 Months Ended
	Sep. 30, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
INVESTMENT IN AFFILIATES	'
	INVESTMENT IN AFFILIATES:
	EEG, Inc.
	As of September 30, 2014, the Company's ownership interest in EEG, Inc. (EEG) was 54.6% and the carrying amount of the Company's investment in EEG was $28.8 million. During the three months ended September 30, 2014 and 2013, the Company recorded $0.4 and $1.0 million, respectively, of equity earnings related to its investment in EEG. The exposure to loss related to the Company’s involvement with EEG is the carrying value of the investment.
	The Company utilized consolidation of variable interest entities guidance to determine whether or not its investment in EEG was a variable interest entity (VIE), and if so, whether the Company was the primary beneficiary of the VIE. The Company concluded that EEG was not a VIE based on the fact that EEG had sufficient equity at risk. The Company accounts for EEG as an equity investment under the voting interest model, as the Company has granted the other shareholder of EEG an irrevocable proxy to vote a certain number of the Company’s shares such that the other shareholder of EEG has voting control of 51.0% of EEG’s common stock, as well as the right to appoint four of the five members of EEG’s Board of Directors.
	Based on EEG's annual goodwill impairment assessment performed during the fourth quarter of fiscal year 2014, the Company's portion of EEG's estimated fair value exceeds carrying value of its investment by approximately 10%. Any meaningful underperformance against plan or reduced outlook by EEG, changes to the carrying value of EEG or erosion in valuations of the for-profit secondary educational market could lead to other than temporary impairments of the Company's investment in EEG. In addition, EEG may be required to record non-cash impairment charges related to long-lived assets or establish valuation allowances against certain of its deferred tax assets and our share of such non-cash impairment charges or valuation allowances could be material to the Company's consolidated balance sheet and results of operations. If EEG records a full valuation allowance on its deferred tax assets, our share of the expense would be $7.6 million.
	The table below presents the summarized Statement of Operations information for EEG:
		For the Three Months Ended September 30,
		2014		2013
	(Unaudited)	(Dollars in thousands)
	Gross revenues	$	40,593	$	43,965
	Gross profit	11,370		14,912
	Operating income	479		2,904
	Net income	442		1,938
	MY Style
	During the three months ended September 30, 2013, MY Style’s parent company, Yamano Holding Corporation (Yamano), redeemed its Class A Preferred Stock for $1.0 million. During fiscal year 2011, the Company had estimated the fair value of the Yamano Class A Preferred Stock to be negligible and recorded an other than temporary non-cash impairment. The Company reported the gain associated with Yamano's redemption within equity in income of affiliated companies, net of income taxes, on the unaudited Condensed Consolidated Statement of Operations.

EARNINGS_PER_SHARE

EARNINGS PER SHARE:	3 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	EARNINGS PER SHARE:
	The Company’s basic earnings per share is calculated as net loss divided by weighted average common shares outstanding, excluding unvested outstanding restricted stock awards, RSUs and PSUs. The Company’s diluted earnings per share is calculated as net loss divided by weighted average common shares and common share equivalents outstanding, which includes shares issued under the Company’s stock-based compensation plans. Stock-based awards with exercise prices greater than the average market value of the Company’s common stock are excluded from the computation of diluted earnings per share. The Company’s diluted earnings per share also reflect the assumed conversion under the Company’s convertible debt, if the impact is dilutive, along with the exclusion of interest expense, net of taxes. The impact of the convertible debt is excluded from the computation of diluted earnings per share when interest expense per common share obtainable upon conversion is greater than basic earnings per share.
	Net loss available to common shareholders and net loss for diluted earnings per share under the if-converted method were the same for all periods presented.
	For the three months ended September 30, 2014 and 2013, 143,749 and 132,392 common stock equivalents of potentially dilutive common stock, respectively, were excluded from the diluted earnings per share calculation due to the net loss.
	The computation of weighted average shares outstanding, assuming dilution, excluded 1,681,508 and 1,409,169 of stock-based awards during the three months ended September 30, 2014 and 2013, respectively, as they were not dilutive under the treasury stock method. The computation of weighted average shares outstanding, assuming dilution, also excluded 1,845,053 and 11,289,545 of shares from convertible debt as they were not dilutive for the three months ended September 30, 2014 and 2013, respectively.

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY:	3 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
SHAREHOLDERS' EQUITY	'
	SHAREHOLDERS’ EQUITY:
	Additional Paid-In Capital:
	The $20.2 million decrease in additional paid-in capital during the three months ended September 30, 2014 was primarily due to $21.5 million of common stock repurchases, partly offset by $1.8 million of stock-based compensation.
	During the three months ended September 30, 2014, the Company repurchased 1,455,587 shares for $21.5 million under a previously approved stock repurchase program. At September 30, 2014, $37.2 million remains outstanding under the approved stock repurchase program.

INCOME_TAXES

INCOME TAXES:	3 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES:
	During the three months ended September 30, 2014 and 2013, the Company recognized tax expense (benefit) of $5.6 and $(0.4) million, respectively, with corresponding effective tax rates of (146.5)% and 15.2%.
	The recorded tax expense and effective tax rate for the three months ended September 30, 2014 were different than what would normally be expected primarily due to non-cash tax expense relating to tax benefits on certain indefinite-lived assets that the Company cannot recognize for reporting purposes and the valuation allowance associated with the U.S. and U.K. deferred tax assets.
	The recorded tax benefit and the effective tax rate for the three months ended September 30, 2013 were lower than would be expected due to unique items of tax expense reducing the tax benefit, with a resulting greater impact on the tax rate due to the relatively small amount of pretax loss reported for the quarter.
	The Company’s U.S. federal income tax returns for the fiscal years 2010 and 2011 are currently under audit. All earlier tax years are closed to examination. The Internal Revenue Service (IRS) identified certain issues that resulted in audit adjustments. In anticipation of these adjustments, the Company made a payment to the IRS during the fourth quarter ended June 30, 2014. The majority of the amount paid relates to timing differences and will be recovered by claiming tax deductions in subsequent years. While the IRS has proposed additional adjustments in these audits, the Company believes its income tax position and deductions will be sustained and intends to vigorously defend its position on the issues and accordingly will initially appeal to the IRS Appeals Division. Final resolution of these issues is not expected to have a material impact on the Company’s financial position. For state tax audits, the statute of limitations generally runs three to four years resulting in a number of returns being open for tax audits dating back to fiscal year 2010. The Company is currently under audit in a number of states in which the statute of limitations has been extended for fiscal years 2007 and forward.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES:	3 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	COMMITMENTS AND CONTINGENCIES:
	The Company is a defendant in various lawsuits and claims arising out of the normal course of business. Like certain other large retail employers, the Company has been faced with allegations of purported class-wide consumer and wage and hour violations. Litigation is inherently unpredictable and the outcome of these matters cannot presently be determined. Although the actions are being vigorously defended, the Company could in the future incur judgments or enter into settlements of claims that could have a material adverse effect on its results of operations in any particular period.
	The Company was a nominal defendant, and nine current and former directors and officers of the Company were named defendants, in a shareholder derivative action in Minnesota state court. The derivative shareholder action alleged that the individual defendants breached their fiduciary duties to the Company in connection with their approval of certain executive compensation arrangements and certain related party transactions. The Board of Directors appointed a Special Litigation Committee to investigate the claims and allegations made in the derivative action, and to decide on behalf of the Company whether the claims and allegations should be pursued. In April 2014, the Special Litigation Committee issued a report and concluded the claims and allegations should not be pursued, and in September 2014 the case was dismissed by court order.
	The exposure to loss related to the Company’s discontinued Trade Secret salon concept is the guarantee of certain operating leases that have future minimum rents. The Company has determined the exposure to the risk of loss on the guarantee of the operating leases to be immaterial to the financial statements.
	See Note 5 to the unaudited Condensed Consolidated Financial Statements for discussion regarding certain issues that have resulted from the IRS' audit of fiscal 2010 and 2011.

GOODWILL_AND_OTHER_INTANGIBLES

GOODWILL AND OTHER INTANGIBLES:	3 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
GOODWILL AND OTHER INTANGIBLES	'
	GOODWILL AND OTHER INTANGIBLES:
	The table below contains details related to the Company’s recorded goodwill:
			30-Sep-14								30-Jun-14
			Gross			Accumulated			Net (2)		Gross		Accumulated			Net (2)
			Carrying			Impairment (1)					Carrying		Impairment (1)
			Value								Value
			(Dollars in thousands)
	Goodwill		$	676,939		$	(253,661	)	$	423,278	$	678,925	$	(253,661	)	$	425,264
	_____________________________
	-1	The table below contains additional information regarding accumulated impairment losses:
	Fiscal Year		Impairment Charge			Reporting Unit (3)
			(Dollars in thousands)
	2009		$	(41,661	)	International
	2010		(35,277		)	North American Premium
	2011		(74,100		)	North American Value
	2012		(67,684		)	North American Premium
	2014		(34,939		)	North American Premium
	Total		$	(253,661	)
	_____________________________
	(2)	Remaining net goodwill relates to the Company’s North American Value reporting unit.
	-3	See Note 10 to the unaudited Condensed Consolidated Financial Statements.
	The table below presents other intangible assets:
			30-Sep-14								30-Jun-14
			Cost			Accumulated			Net		Cost		Accumulated			Net
						Amortization							Amortization
			(Dollars in thousands)
	Amortized intangible assets:
	Brand assets and trade names		$	8,937		$	(3,492	)	$	5,445	$	9,203	$	(3,510	)	$	5,693
	Franchise agreements		10,758			(7,076		)	3,682		11,063		(7,163		)	3,900
	Lease intangibles		14,715			(7,477		)	7,238		14,775		(7,326		)	7,449
	Other		4,943			(2,304		)	2,639		5,074		(2,304		)	2,770
			$	39,353		$	(20,349	)	$	19,004	$	40,115	$	(20,303	)	$	19,812

FINANCING_ARRANGEMENTS

FINANCING ARRANGEMENTS:	3 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
FINANCING ARRANGEMENTS	'
	FINANCING ARRANGEMENTS:
	The Company’s long-term debt consisted of the following:
				Amounts Outstanding
		Maturity Dates	Interest Rate	September 30,			June 30,
				2014			2014
		(fiscal year)		(Dollars in thousands)
	Convertible senior notes	2015	5.00%	$	—		$	172,246
	Senior term notes	2018	5.75	120,000			120,000
	Revolving credit facility	2018	—	—			—
	Equipment and leasehold notes payable	2015 - 2016	4.90 - 8.75	14			1,257
				120,014			293,503
	Less current portion			(14		)	(173,501		)
	Long-term portion			$	120,000		$	120,002
	Convertible Senior Notes
	In July 2009, the Company issued $172.5 million aggregate principal amount of 5.0% convertible senior notes due July 2014. In July 2014, the Company settled the convertible senior notes with $172.5 million in cash. The notes were unsecured, senior obligations of the Company and interest was payable semi-annually in arrears on January 15 and July 15 of each year at a rate of 5.0% per year. Interest expense related to the 5.0% contractual interest coupon was $0.4 and $2.2 million for the three months ended September 30, 2014 and 2013, respectively. Interest expense related to the amortization of the debt discount was $0.3 and $1.4 million for the three months ended September 30, 2014 and 2013, respectively.
	Senior Term Notes
	In November 2013, the Company issued $120.0 million aggregate principal amount of 5.75% senior notes due December 2017 (Senior Term Notes). Net proceeds from the issuance of the Senior Term Notes were $118.1 million. Interest on the Senior Term Notes is payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2014, at a rate of 5.75% per year. The Senior Term Notes are unsecured and not guaranteed by any of the Company's subsidiaries or any third parties.
	Revolving Credit Facility
	As of September 30, 2014 and June 30, 2014, the Company had no outstanding borrowings under this facility. Additionally, the Company had outstanding standby letters of credit under the facility of $2.0 million and $2.2 million at September 30, 2014 and June 30, 2014, respectively, primarily related to the Company's self-insurance program. Unused available credit under the facility at September 30, 2014 and June 30, 2014 was $398.0 million and $397.8 million, respectively.
	The Company was in compliance with all covenants and requirements of its financing arrangements as of and during the three months ended September 30, 2014.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS:	3 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS:
	Fair value measurements are categorized into one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs available at the measurement date, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data).
	Assets and Liabilities that are Measured at Fair Value on a Recurring Basis (Level 1)
	As of September 30, 2014, the Company’s financial instruments included cash, cash equivalents, receivables and accounts payable. The fair value of these instruments approximated their carrying values as of September 30, 2014 and June 30, 2014. As of September 30, 2014 and June 30, 2014, the estimated fair value of the Company's debt was $118.5 million and $292.5 million, respectively, and the carrying value was $120.0 million and $293.5 million, respectively.
	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Level 3)
	We measure certain assets, including the Company’s equity method investments, tangible fixed and other assets and goodwill, at fair value on a nonrecurring basis when they are deemed to be other than temporarily impaired. The fair values of the Company’s investments are determined based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections. During the three months ended September 30, 2014, the Company recorded $4.1 million of long-lived asset impairment charges. See Note 1 to the unaudited Condensed Consolidated Financial Statements. There were no other assets measured at fair value on a nonrecurring basis during the three months ended September 30, 2014.

SEGMENT_INFORMATION

SEGMENT INFORMATION:	3 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	SEGMENT INFORMATION:
	Segment information is prepared on the same basis the chief operating decision maker reviews financial information for operational decision-making purposes. During the second quarter of fiscal year 2014, the Company redefined its operating segments to reflect how the chief operating decision maker evaluates the business as a result of the restructuring of the Company's North American field organization. The field reorganization, which impacted all North American salons except for salons in the mass premium category, was announced in the fourth quarter of fiscal year 2013 and completed in the second quarter of fiscal year 2014.
	As of September 30, 2014, the Company’s reportable operating segments consisted of the following salons:
			Company-owned			Franchised			Total
	North American Value		6,063			2,214			8,277
	North American Premium		793			—			793
	International		362			—			362
	The North American Value operating segment is comprised primarily of SmartStyle, Supercuts, MasterCuts, Cost Cutters, and other regional trade names. The North American Premium operating segment is comprised primarily of the Regis salon concept and the International operating segment includes Supercuts, Regis and Sassoon salon concepts.
	Concurrent with the change in reportable operating segments, the Company revised its prior period financial information to reflect comparable financial information for the new segment structure. Historical financial information shown in the following table and elsewhere in this filing reflects this change.
			For the Three Months Ended September 30,
			2014				2013
			(Dollars in thousands)
	Revenues:
	North American Value		$	354,376			$	355,341
	North American Premium		79,035				84,190
	International		31,140				29,052
			$	464,551			$	468,583
	Operating (expense) income:
	North American Value		$	29,287			$	30,047
	North American Premium (1)		(4,544		)		(1,239		)
	International		630				(257		)
	Total segment operating income		25,373				28,551
	Unallocated Corporate		(25,980		)		(27,122		)
	Operating (expense) income		$	(607	)		$	1,429
	_____________________________
	-1	Increases in operating loss primarily driven by long-lived asset impairment charges recorded within depreciation and amortization in the Consolidated Statement of Operations. See Note 1 to the unaudited Condensed Consolidated Financial Statements.

BASIS_OF_PRESENTATION_OF_UNAUD1

BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Stock-Based Employee Compensation	'
	Stock-Based Employee Compensation:
	During the three months ended September 30, 2014, the Company granted various equity awards including restricted stock units (RSUs), equity-based stock appreciation rights (SARs), and performance share units (PSUs). During the three months ended September 30, 2014, the dividend yield assumption was updated to 0%. Otherwise there were no significant changes to the assumptions used in calculating the fair value of SARs. All grants relate to stock incentive plans approved by the shareholders of the Company.
	A summary of equity awards granted is as follows:
		Three Months Ended September 30, 2014
	Restricted stock units	253,283
	Equity-based stock appreciation rights	436,465
	Performance share units	193,240
	Total compensation cost for stock-based payment arrangements totaled $1.8 million for each of the three months ended September 30, 2014 and 2013, respectively, recorded within general and administrative expense on the unaudited Condensed Consolidated Statement of Operations.
	During fiscal year 2014, the Company granted 0.1 million PSUs with a performance metric based upon achieving a three-year cumulative adjusted earnings before interest, income taxes and depreciation and amortization balance. As of September 30, 2014, the Company does not expect any of these units to be earned and has not recorded any net expense associated with these awards. However, future compensation expense for the unvested awards could reach a maximum of $1.9 million if the maximum performance metric is earned.
Long-Lived Asset Impairment Assessments, Excluding Goodwill	'
	Long-Lived Asset Impairment Assessments, Excluding Goodwill:
	The Company assesses impairment of long-lived assets at the individual salon level, as this is the lowest level for which identifiable cash flows are largely independent of other groups of assets and liabilities, when events or changes in circumstances indicate the carrying value of the assets or the asset grouping may not be recoverable. Factors considered in deciding when to perform an impairment review include significant under-performance of an individual salon in relation to expectations, significant economic or geographic trends, and significant changes or planned changes in our use of the assets. Impairment is evaluated based on the sum of undiscounted estimated future cash flows expected to result from use of the long-lived assets. If the undiscounted estimated cash flows are less than the carrying value of the assets, the Company calculates an impairment charge based on the assets' estimated fair value. The fair value of the long-lived assets is estimated using a discounted cash flow model based on the best information available, including market data and salon level revenues and expenses. Long-lived asset impairment charges are recorded within depreciation and amortization in the Consolidated Statement of Operations for the three months ended September 30, 2014 and 2013
Recent Accounting Standards Adopted by the Company	'
	Recent Accounting Standards Adopted by the Company:
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity
	In April 2014, the Financial Accounting Standards Board ("FASB") updated the accounting guidance related to the definition of a discontinued operation and the related disclosures. The updated accounting guidance defines a discontinued operation as a disposal of a component or a group of components that is to be disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity's operations and financial results. The Company adopted this guidance in the first quarter of fiscal year 2015; its adoption did not have a material impact on the Company’s consolidated financial statements.
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists
	In July 2013, the FASB issued new accounting requirements which provide guidance on the financial statement presentation of unrecognized tax benefits when a net operating loss, a similar tax loss, or a tax credit carryforward exists. The requirements are effective for the Company beginning in the first quarter of fiscal year 2015 with early adoption permitted. The Company adopted this guidance in the first quarter of fiscal year 2015; its adoption did not have a material impact on the Company’s consolidated financial statements.
Accounting Standards Recently Issued But Not Yet Adopted by the Company	'
	Accounting Standards Recently Issued But Not Yet Adopted by the Company:
	Revenue from Contracts with Customers
	In May 2014, the FASB issued updated guidance for revenue recognition. The updated accounting guidance provides a comprehensive new revenue recognition model that requires a Company to recognize revenue to depict the exchange for goods or services to a customer at an amount that reflects the consideration it expects to receive for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This guidance will be effective in the first quarter of fiscal year 2018. This update permits the use of either the retrospective or simplified transition method. The Company does not expect the adoption of this update to have a material impact on the Company's consolidated financial statements and is evaluating the impact this guidance will have on its related disclosures.

BASIS_OF_PRESENTATION_OF_UNAUD2

BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Schedule stock-based employee compensation	'
	A summary of equity awards granted is as follows:
		Three Months Ended September 30, 2014
	Restricted stock units	253,283
	Equity-based stock appreciation rights	436,465
	Performance share units	193,240

INVESTMENT_IN_AFFILIATES_Table

INVESTMENT IN AFFILIATES: (Tables)	3 Months Ended
	Sep. 30, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
Schedule Of Equity Method Investments Summarized Financial Information	'
	The table below presents the summarized Statement of Operations information for EEG:
		For the Three Months Ended September 30,
		2014		2013
	(Unaudited)	(Dollars in thousands)
	Gross revenues	$	40,593	$	43,965
	Gross profit	11,370		14,912
	Operating income	479		2,904
	Net income	442		1,938

GOODWILL_AND_OTHER_INTANGIBLES1

GOODWILL AND OTHER INTANGIBLES: (Tables)	3 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of the Company's recorded goodwill	'
	The table below contains details related to the Company’s recorded goodwill:
			30-Sep-14								30-Jun-14
			Gross			Accumulated			Net (2)		Gross		Accumulated			Net (2)
			Carrying			Impairment (1)					Carrying		Impairment (1)
			Value								Value
			(Dollars in thousands)
	Goodwill		$	676,939		$	(253,661	)	$	423,278	$	678,925	$	(253,661	)	$	425,264
	_____________________________
	-1	The table below contains additional information regarding accumulated impairment losses:
	Fiscal Year		Impairment Charge			Reporting Unit (3)
			(Dollars in thousands)
	2009		$	(41,661	)	International
	2010		(35,277		)	North American Premium
	2011		(74,100		)	North American Value
	2012		(67,684		)	North American Premium
	2014		(34,939		)	North American Premium
	Total		$	(253,661	)
	_____________________________
	(2)	Remaining net goodwill relates to the Company’s North American Value reporting unit.
	-3	See Note 10 to the unaudited Condensed Consolidated Financial Statements.
Schedule of other intangible assets	'
	The table below presents other intangible assets:
			30-Sep-14								30-Jun-14
			Cost			Accumulated			Net		Cost		Accumulated			Net
						Amortization							Amortization
			(Dollars in thousands)
	Amortized intangible assets:
	Brand assets and trade names		$	8,937		$	(3,492	)	$	5,445	$	9,203	$	(3,510	)	$	5,693
	Franchise agreements		10,758			(7,076		)	3,682		11,063		(7,163		)	3,900
	Lease intangibles		14,715			(7,477		)	7,238		14,775		(7,326		)	7,449
	Other		4,943			(2,304		)	2,639		5,074		(2,304		)	2,770
			$	39,353		$	(20,349	)	$	19,004	$	40,115	$	(20,303	)	$	19,812

FINANCING_ARRANGEMENTS_Tables

FINANCING ARRANGEMENTS: (Tables)	3 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of long-term debt	'
	The Company’s long-term debt consisted of the following:
				Amounts Outstanding
		Maturity Dates	Interest Rate	September 30,			June 30,
				2014			2014
		(fiscal year)		(Dollars in thousands)
	Convertible senior notes	2015	5.00%	$	—		$	172,246
	Senior term notes	2018	5.75	120,000			120,000
	Revolving credit facility	2018	—	—			—
	Equipment and leasehold notes payable	2015 - 2016	4.90 - 8.75	14			1,257
				120,014			293,503
	Less current portion			(14		)	(173,501		)
	Long-term portion			$	120,000		$	120,002

SEGMENT_INFORMATION_Schedule_o

SEGMENT INFORMATION: Schedule of Franchisor Disclosure (Tables)	3 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Franchisor Disclosure	'
			Company-owned			Franchised			Total
	North American Value		6,063			2,214			8,277
	North American Premium		793			—			793
	International		362			—			362
Schedule of Segment Reporting Information, by Segment	'
			For the Three Months Ended September 30,
			2014				2013
			(Dollars in thousands)
	Revenues:
	North American Value		$	354,376			$	355,341
	North American Premium		79,035				84,190
	International		31,140				29,052
			$	464,551			$	468,583
	Operating (expense) income:
	North American Value		$	29,287			$	30,047
	North American Premium (1)		(4,544		)		(1,239		)
	International		630				(257		)
	Total segment operating income		25,373				28,551
	Unallocated Corporate		(25,980		)		(27,122		)
	Operating (expense) income		$	(607	)		$	1,429
	_____________________________
	-1	Increases in operating loss primarily driven by long-lived asset impairment charges recorded within depreciation and amortization in the Consolidated Statement of Operations. See Note 1 to the unaudited Condensed Consolidated Financial Statements.

BASIS_OF_PRESENTATION_OF_UNAUD3

BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details) (USD $)	3 Months Ended					12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014
			Restricted stock units	Equity-based stock appreciation rights	Performance share units	Long term incentive plan 2004	Long term incentive plan 2004
						Performance share units	Performance share units
Stock-based employees compensation	'	'	'	'	'	'	'
Fair Value Assumptions, Expected Dividend Rate	0.00%	'	'	'	'	'	'
Stock granted (in shares)	'	'	253,283	436,465	193,240	100,000	'
Stock-based compensation	$1,781,000	$1,811,000	'	'	'	'	'
Future compensation expense	'	'	'	'	'	'	$1,900,000

INVESTMENT_IN_AFFILIATES_Detai

INVESTMENT IN AFFILIATES: (Details) (USD $)	3 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Investment in affiliates	'	'	'
Investment in affiliates	$29,339,000	'	28,611,000
Equity in income (loss), net of income taxes	392,000	1,999,000	'
Empire Education Group Inc	'	'	'
Investment in affiliates	'	'	'
Equity Method Investment, Ownership Percentage	54.60%	'	'
Investment in affiliates	28,800,000	'	'
Equity in income (loss), net of income taxes	400,000	1,000,000	'
Equity Method Investment Voting Control Held by Investee	51.00%	'	'
Percentage that fair value exceeded carrying value	'	'	10.00%
Deferred Tax Assets, Net	7,600,000	'	'
Gross revenues	40,593,000	43,965,000	'
Gross profit	11,370,000	14,912,000	'
Operating income	479,000	2,904,000	'
Net income	442,000	1,938,000	'
Yamano Holding Corporation | MY Style	'	'	'
Investment in affiliates	'	'	'
Equity in income (loss), net of income taxes	$1,000,000	'	'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE: (Details)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Awards excluded from earnings per share calculations	'	'
Awards excluded from diluted earnings per share computation (in shares)	143,749	132,392
Equity-based compensation awards	'	'
Awards excluded from earnings per share calculations	'	'
Awards excluded from diluted earnings per share computation (in shares)	1,681,508	1,409,169
Shares issuable upon conversion of debt	'	'
Awards excluded from earnings per share calculations	'	'
Awards excluded from diluted earnings per share computation (in shares)	1,845,053	11,289,545

SHAREHOLDERS_EQUITY_Details

SHAREHOLDERS' EQUITY: (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]	'	'
Increase in additional paid-in capital	($20,200,000)	'
Stock-based compensation	1,781,000	1,811,000
Stock Repurchased During Period, Shares	1,455,587	'
Payments for Repurchase of Common Stock	($21,529,000)	$0
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	37,200,000	'

INCOME_TAXES_Details

INCOME TAXES: (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Income tax (benefit) expense	$5,612	($383)
Effective tax rate (as a percent)	146.50%	-15.20%

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: (Details)	12 Months Ended
	Jun. 30, 2014
	director
Commitments and Contingencies Disclosure [Abstract]	'
Number of current and former directors and officers who are named defendants	9

GOODWILL_AND_OTHER_INTANGIBLES2

GOODWILL AND OTHER INTANGIBLES: (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2009	Jun. 30, 2014	Jun. 30, 2012	Jun. 30, 2010	Jun. 30, 2011
In Thousands, unless otherwise specified			International	North American Premium	North American Premium	North American Premium	North American Value
Goodwill	'	'	'	'	'	'	'
Goodwill, Gross	$676,939	$678,925	'	'	'	'	'
Accumulated Impairment	-253,661	-253,661	-41,661	-34,939	-67,684	-35,277	-74,100
Goodwill	$423,278	$425,264	'	'	'	'	'

GOODWILL_AND_OTHER_INTANGIBLES3

GOODWILL AND OTHER INTANGIBLES: (Details 2) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Amortized intangible assets:	'	'
Other intangibles, cost	$39,353	$40,115
Other intangibles, accumulated amortization	-20,349	-20,303
Other intangibles, net	19,004	19,812
Brand assets and trade names	'	'
Amortized intangible assets:	'	'
Other intangibles, cost	8,937	9,203
Other intangibles, accumulated amortization	-3,492	-3,510
Other intangibles, net	5,445	5,693
Franchise agreements	'	'
Amortized intangible assets:	'	'
Other intangibles, cost	10,758	11,063
Other intangibles, accumulated amortization	-7,076	-7,163
Other intangibles, net	3,682	3,900
Lease intangibles	'	'
Amortized intangible assets:	'	'
Other intangibles, cost	14,715	14,775
Other intangibles, accumulated amortization	-7,477	-7,326
Other intangibles, net	7,238	7,449
Other	'	'
Amortized intangible assets:	'	'
Other intangibles, cost	4,943	5,074
Other intangibles, accumulated amortization	-2,304	-2,304
Other intangibles, net	$2,639	$2,770

FINANCING_ARRANGEMENTS_Details

FINANCING ARRANGEMENTS: (Details) (USD $)

3 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Nov. 30, 2013

Jul. 31, 2009

Nov. 30, 2013

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Convertible senior notes

Convertible senior notes

Convertible senior notes

Convertible senior notes

Convertible senior notes

Senior term notes

Senior term notes

Senior term notes

Revolving credit facility

Revolving credit facility

Equipment and leasehold notes payable

Equipment and leasehold notes payable

Long-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net carrying amount of long-term debt

$120,014,000

'

$293,503,000

$0

'

$172,246,000

'

'

'

$120,000,000

$120,000,000

$0

$0

$14,000

$1,257,000

Less current portion

-14,000

'

-173,501,000

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt and capital lease obligations

120,000,000

'

120,002,000

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate percentage

'

'

'

5.00%

'

'

5.75%

5.00%

5.75%

5.75%

'

'

'

'

'

Interest rate percentage, minimum

'

'

'

'

'

'

'

'

'

'

'

'

'

4.90%

'

Interest rate percentage, maximum

'

'

'

'

'

'

'

'

'

'

'

'

'

8.75%

'

Convertible Senior Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

'

172,500,000

120,000,000

'

'

'

'

'

'

Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities

173,740,000

1,706,000

'

172,500,000

'

'

'

'

'

'

'

'

'

'

'

Interest expense related to contractual interest coupon

'

'

'

400,000

2,200,000

'

'

'

'

'

'

'

'

'

'

Interest cost related to amortization of the discount

'

'

'

300,000

1,400,000

'

'

'

'

'

'

'

'

'

'

Senior Term Notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Gross

'

'

'

'

'

'

'

'

118,100,000

'

'

'

'

'

'

Revolving Credit Facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Amount Outstanding

'

'

'

'

'

'

'

'

'

'

'

0

0

'

'

Outstanding standby letters of credit

'

'

'

'

'

'

'

'

'

'

'

2,000,000

2,200,000

'

'

Revolving credit facility remaining borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

$398,000,000

$397,800,000

'

'

FAIR_VALUE_MEASUREMENTS_FAIR_V

FAIR VALUE MEASUREMENTS: FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'
Long-term Debt, Fair Value	$118.50	$292.50
Long-term Debt	$120	$293.50

SEGMENT_INFORMATION_SEGMENT_IN

SEGMENT INFORMATION: SEGMENT INFORMATION: Franchisor Disclosures (Details)	Sep. 30, 2014
	salon
North American Value	'
Franchisor Disclosure [Line Items]	'
Number of Stores	8,277
North American Value | Company-owned	'
Franchisor Disclosure [Line Items]	'
Number of Stores	6,063
North American Value | Franchised	'
Franchisor Disclosure [Line Items]	'
Number of Stores	2,214
North American Premium	'
Franchisor Disclosure [Line Items]	'
Number of Stores	793
North American Premium | Company-owned	'
Franchisor Disclosure [Line Items]	'
Number of Stores	793
North American Premium | Franchised	'
Franchisor Disclosure [Line Items]	'
Number of Stores	0
International	'
Franchisor Disclosure [Line Items]	'
Number of Stores	362
International | Company-owned	'
Franchisor Disclosure [Line Items]	'
Number of Stores	362
International | Franchised	'
Franchisor Disclosure [Line Items]	'
Number of Stores	0

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION: (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'
Total revenues	$464,551	$468,583
Operating (loss) income	-607	1,429
North American Value	'	'
Segment Reporting Information [Line Items]	'	'
Total revenues	354,376	355,341
Operating (loss) income	29,287	30,047
North American Premium	'	'
Segment Reporting Information [Line Items]	'	'
Total revenues	79,035	84,190
Operating (loss) income	-4,544	-1,239
International	'	'
Segment Reporting Information [Line Items]	'	'
Total revenues	31,140	29,052
Operating (loss) income	630	-257
Total segment operating income	'	'
Segment Reporting Information [Line Items]	'	'
Operating (loss) income	25,373	28,551
Unallocated Corporate	'	'
Segment Reporting Information [Line Items]	'	'
Operating (loss) income	($25,980)	($27,122)