Tuesday Morning (TUEMQ) 10-K 22 Aug 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2019	Aug. 20, 2019	Dec. 31, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	TUESDAY MORNING CORP/DE
Entity Central Index Key	0000878726
Document Type	10-K
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Trading Symbol	TUES
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Filer Category	Accelerated Filer
Entity File Number	0-19658
Entity Tax Identification Number	752398532
Entity Address, Address Line One	6250 LBJ Freeway
Entity Address, City or Town	Dallas
Entity Address, State or Province	Texas
Entity Address, Postal Zip Code	75240
City Area Code	972
Local Phone Number	387-3562
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,647,665
Entity Public Float			$ 62,247,938

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 11,395	$ 9,510
Inventories	237,895	234,365
Prepaid expenses	5,388	6,301
Other current assets	1,822	1,206
Total Current Assets	256,500	251,382
Property and equipment, net	110,146	121,117
Deferred financing costs	994	671
Other assets	2,881	3,086
Total Assets	370,521	376,256
Current liabilities:
Accounts payable	91,251	88,912
Accrued liabilities	45,923	41,831
Total Current Liabilities	137,174	130,743
Borrowings under revolving credit facility	34,650	38,480
Deferred rent	23,551	22,883
Asset retirement obligation — non-current	3,002	3,100
Other liabilities — non-current	835	796
Total Liabilities	199,212	196,002
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.01 per share, authorized 10,000,000 shares; none issued or outstanding
Common stock, par value $0.01 per share, authorized 100,000,000 shares; 48,466,930 shares issued and 46,683,269 shares outstanding at June 30, 2019 and 47,648,958 shares issued and 45,865,297 shares outstanding at June 30, 2018	465	469
Additional paid-in capital	241,456	237,957
Retained deficit	(63,800)	(51,360)
Less: 1,783,661 common shares in treasury, at cost, at June 30, 2019 and 1,783,661 common shares in treasury, at cost, at June 30, 2018	(6,812)	(6,812)
Total Stockholders’ Equity	171,309	180,254
Total Liabilities and Stockholders’ Equity	$ 370,521	$ 376,256

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Jun. 30, 2018
Stockholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,466,930	47,648,958
Common stock, shares outstanding	46,683,269	45,865,297
Treasury stock, shares	1,783,661	1,783,661

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Net sales	$ 230,530	$ 210,984	$ 338,418	$ 227,313	$ 230,473	$ 223,296	$ 333,807	$ 218,756	$ 1,007,246	$ 1,006,332	$ 966,665
Cost of sales									654,931	665,358	645,920
Gross profit	76,654	76,498	116,745	82,418	77,036	80,303	105,685	77,950	352,315	340,974	320,745
Selling, general and administrative expenses									362,840	361,924	353,025
Operating loss	(11,434)	(7,811)	16,308	(7,588)	(9,443)	(7,789)	8,276	(11,994)	(10,525)	(20,950)	(32,280)
Other income/(expense):
Interest expense									(2,461)	(2,061)	(1,485)
Other income, net									792	934	1,420
Loss before income taxes									(12,194)	(22,077)	(32,345)
Income tax provision/(benefit)									246	(139)	197
Net loss	$ (12,049)	$ (8,289)	$ 16,006	$ (8,109)	$ (10,296)	$ (8,080)	$ 8,592	$ (12,254)	$ (12,440)	$ (21,938)	$ (32,542)
Net loss per common share:
Basic	$ (0.27)	$ (0.18)	$ 0.35	$ (0.18)	$ (0.23)	$ (0.18)	$ 0.19	$ (0.28)	$ (0.28)	$ (0.50)	$ (0.74)
Diluted	$ (0.27)	$ (0.18)	$ 0.35	$ (0.18)	$ (0.23)	$ (0.18)	$ 0.19	$ (0.28)	$ (0.28)	$ (0.50)	$ (0.74)
Weighted average number of common shares:
Basic									44,719	44,282	43,943
Diluted									44,719	44,282	43,943

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Deficit)	Treasury Stock
Balance at Jun. 30, 2016	$ 227,282	$ 463	$ 230,488	$ 3,120	$ (6,789)
Balance (in shares) at Jun. 30, 2016		44,561,000
Net loss	(32,542)			(32,542)
Shares issued or canceled in connection with employee stock incentive plans and related tax effect	6	$ 6
Shares issued or canceled in connection with employee stock incentive plans and related tax effect (in shares)		558,000
Shares issued in connection with exercises of employee stock options	2		2
Shares issued in connection with exercises of employee stock options (in shares)		6,000
Purchase of treasury stock	(23)				(23)
Purchase of treasury stock (in shares)		(4,000)
Share-based compensation expense	4,114		4,114
Balance at Jun. 30, 2017	198,839	$ 469	234,604	(29,422)	(6,812)
Balance (in shares) at Jun. 30, 2017		45,121,000
Net loss	(21,938)			(21,938)
Shares issued or canceled in connection with employee stock incentive plans and related tax effect (in shares)		741,000
Shares issued in connection with exercises of employee stock options	4		4
Shares issued in connection with exercises of employee stock options (in shares)		3,000
Share-based compensation expense	3,349		3,349
Balance at Jun. 30, 2018	$ 180,254	$ 469	237,957	(51,360)	(6,812)
Balance (in shares) at Jun. 30, 2018	45,865,297	45,865,000
Net loss	$ (12,440)			(12,440)
Shares issued or canceled in connection with employee stock incentive plans and related tax effect	1	$ (4)	5
Shares issued or canceled in connection with employee stock incentive plans and related tax effect (in shares)		815,000
Shares issued in connection with exercises of employee stock options	6		6
Shares issued in connection with exercises of employee stock options (in shares)		3,000
Share-based compensation expense	3,488		3,488
Balance at Jun. 30, 2019	$ 171,309	$ 465	$ 241,456	$ (63,800)	$ (6,812)
Balance (in shares) at Jun. 30, 2019	46,683,269	46,683,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (12,440)	$ (21,938)	$ (32,542)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	26,127	25,671	21,349
Amortization of financing costs	276	315	326
Loss on disposal of assets	7	82	79
Gain on sale-leaseback transaction		(371)	(741)
Share-based compensation	3,536	3,433	4,184
Deferred income taxes	307	(565)	31
Construction allowances from landlords	1,491	8,568	2,566
Change in operating assets and liabilities:
Inventories	(3,578)	(12,543)	20,339
Prepaid and other current assets	483	559	(1,138)
Accounts payable	(873)	22,612	(16,337)
Accrued liabilities	4,954	(300)	(2,028)
Deferred rent	(823)	1,280	4,964
Other liabilities—non-current	100	368	(648)
Net cash provided by operating activities	19,567	27,171	404
Cash flows from investing activities:
Capital expenditures	(16,044)	(30,764)	(41,682)
Purchase of intellectual property	(299)	(42)	(5)
Proceeds from sale of assets	31	83	127
Net cash used in investing activities	(16,312)	(30,723)	(41,560)
Cash flows from financing activities:
Proceeds under revolving credit facility	229,190	195,500	176,500
Repayments under revolving credit facility	(233,020)	(187,520)	(146,000)
Change in cash overdraft	3,213	(1,026)	2,810
Proceeds from the exercise of employee stock options	8	4	8
Payments on capital leases	(162)	(159)	(26)
Purchase of treasury stock			(23)
Payment of financing costs	(599)
Net cash provided by/(used in) financing activities	(1,370)	6,799	33,269
Net increase/(decrease) in cash and cash equivalents	1,885	3,247	(7,887)
Cash and cash equivalents, beginning of period	9,510	6,263	14,150
Cash and cash equivalents, end of period	11,395	9,510	6,263
Supplemental cash flow information:
Interest paid	2,140	1,615	1,113
Income taxes paid	$ 212	$ 285	310
Capital lease obligation incurred			$ 817

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	(1) NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Throughout these notes, Tuesday Morning Corporation is referred to as “Tuesday Morning,” “we” or “the Company”. Tuesday Morning is a leading off-price retailer, specializing in name-brand, high-quality products for the home, including upscale textiles, furnishings, housewares, gourmet food, toys and seasonal décor at prices generally below those charged by boutique, specialty and department stores, catalogs and on‑line retailers in the United States. We operated 714 discount retail stores in 40 states as of June 30, 2019 (726 and 731 stores at June 30, 2018 and 2017, respectively). We distribute periodic circulars and direct mail that keep customers familiar with Tuesday Morning. (a) Basis of Presentation —The accompanying consolidated financial statements include the accounts of Tuesday Morning Corporation, a Delaware corporation, and its wholly‑owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. We operate our business as a single operating segment. Certain reclassifications were made to prior period amounts to conform to the current period presentation. None of the reclassifications affected our net loss in any period. We do not present a separate statement of comprehensive income, as we have no other comprehensive income items. Our fiscal year ended on June 30, 2019, which we refer to as fiscal 2019. (b) Use of Estimates (c) Cash and Cash Equivalents (d) Inventories Stores conduct annual physical inventories, staggered during the second half of the fiscal year. We make adjustments to our financial statements based on the results of the physical inventories. During periods in which no physical inventories occur, we utilize an estimate for recording shrinkage reserves, based on historical trends of physical inventory results. These shrinkage reserves may require a favorable or unfavorable adjustment to actual results to the extent our subsequent physical inventories yield a different result. We review our inventory during and at the end of each quarter to ensure that all necessary pricing actions are taken to adequately value our inventory at the lower of cost or market by recording permanent markdowns to our on-hand inventory. Management believes these markdowns result in the appropriate prices necessary to stimulate demand for the merchandise. Actual recorded permanent markdowns could differ materially from management’s initial estimates based on future customer demand or economic conditions. (e) Property and Equipment Estimated Useful Lives Buildings 30 years Furniture and fixtures 3 to 7 years Leasehold improvements Shorter of useful life or lease term Equipment 5 to 10 years Assets under capital lease Shorter of useful life or lease term Software 3 to 10 years Upon sale or retirement of an asset, the related cost and accumulated depreciation are removed from our balance sheet and any gain or loss is recognized in the statement of operations. Expenditures for maintenance, minor renewals and repairs are expensed as incurred, while major replacements and improvements are capitalized. For both the fiscal years ended June 30, 2019 and June 30, 2018, we disposed of assets with a net book value of approximately $0.1 million, primarily related to our store closing and relocation program. Gains or losses related to the sale or other disposal of such assets in these periods were presented in other income/(expense) on our Consolidated Statement of Operations and were not material. (f) Deferred Financing Costs (g) Income Taxes We file our annual federal income tax return on a consolidated basis. Furthermore, we recognize uncertain tax positions when we have determined it is more likely than not that a tax position will be sustained upon examination. However, new information may become available, or applicable laws or regulations may change, thereby resulting in a favorable or unfavorable adjustment to amounts recorded. Our results of operations included the impact of the enactment of the Tax Cuts and Jobs Act of 2017 (“TCJA”), which was signed into law on December 22, 2017. The TCJA made significant and complex changes to U.S. tax law including, but not limited to, (i) reducing the U.S. federal corporate tax rate from 35% to 21%; (ii) eliminating the corporate alternative minimum tax (“AMT”) and providing a refund mechanism for existing AMT credits; (iii) creating a new limitation on the deductibility of interest expense; (iv) changing rules related to uses and limitation of net operating loss carryforwards created in tax years beginning after December 31, 2017; and (v) significant acceleration of depreciation expense. As a result of the adoption of the TCJA upon enactment during fiscal year 2018, the blended statutory federal tax rate for fiscal 2018 was 27.2% with the statutory rate of 21% for fiscal 2019 and beyond. (h) Self-Insurance Reserves The insurance liabilities we record are primarily influenced by the frequency and severity of claims, and include a reserve for claims incurred but not yet reported. Our estimated reserves may be materially different from our future actual claim costs, and, when required adjustments to our estimate reserves are identified, the liability will be adjusted accordingly in that period. Our self‑insurance reserves for workers’ compensation, general liability and medical were $8.2 million and $1.1 million and $0.9 million, respectively, at June 30, 2019, and $10.1 million, $1.8 million, and $0.9 million, respectively, at June 30, 2018. We recognize insurance expenses based on the date of an occurrence of a loss including the actual and estimated ultimate costs of our claims. Claims are paid from our reserves and our current period insurance expense is adjusted for the difference in prior period recorded reserves and actual payments as well as changes in estimated reserves. Current period insurance expenses also include the amortization of our premiums paid to our insurance carriers. Expenses for workers’ compensation, general liability and medical insurance were $2.1 million, $2.3 million and $7.9 million, respectively, for the fiscal year ended June 30, 2019, $5.3 million, $2.9 million and $6.4 million, respectively, for the fiscal year ended June 30, 2018, and $4.8 million, $3.4 million and $7.6 million, respectively, for the fiscal year ended June 30, 2017. (i) Revenue Recognition — Our revenue is earned from sales of merchandise within our stores and is recorded at the point of sale and conveyance of merchandise to customers. Revenue is measured based on the amount of consideration that we expect to receive, reduced by point of sale discounts and estimates for sales returns, and excludes sales tax. Payment for our sales is due at the time of sale. We maintain a reserve for estimated sales returns, and we use historical customer return behavior to estimate our reserve requirements. Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), adopted in the first quarter of fiscal 2019 as further discussed in Note 1.u below, required a change in presentation of the sales return reserve on our Consolidated Balance Sheet, which we previously presented net of the estimated value of returned merchandise, but is now being presented on a gross basis. In the first quarter of fiscal 2019, we recorded an immaterial adjustment to present the reserve on a gross basis, increasing “Accrued Liabilities” and recording the corresponding returns asset, as evaluated for impairment, in “Other Assets,” in the Consolidated Balance Sheet. No impairment of the returns asset was indicated or recorded for the year ended June 30, 2019. Gift cards are sold to customers in our stores and we issue gift cards for merchandise returns in our stores. Revenue from sales of gift cards and issuances of merchandise credits is recognized when the gift card is redeemed by the customer, or if the likelihood of the gift card being redeemed by the customer is remote (gift card breakage). The gift card breakage rate is determined based upon historical redemption patterns. An estimate of the rate of gift card breakage is applied over the period of estimated performance and the breakage amounts are included in net sales in the Consolidated Statement of Operations. Breakage income recognized was $0.4 million, $0.6 million and $0.9 million for the fiscal years ended June 30, 2019, 2018 and 2017, respectively. The gift card liability is included in “Accrued Liabilities” in the Consolidated Balance Sheet at June 30, 2019 . (j) Advertising (k) Financial Instruments (l) Share‑Based Compensation The risk‑free interest rate is the constant maturity risk-free interest rate for U.S. Treasury instruments with terms consistent with the expected lives of the awards. The expected term of an option is based on our historical review of employee exercise behavior based on the employee class (executive or non‑executive) and based on our consideration of the remaining contractual term if limited exercise activity existed for a certain employee class. The expected volatility is based on both the historical volatility of our stock based on our historical stock prices and implied volatility of our traded stock options. The expected dividend yield is based on our expectation of not paying dividends on our common stock for the foreseeable future. These valuation inputs were as follows: Fiscal Years Ended June 30, 2019 2018 2017 Weighted average risk-free interest rate 2.3 - 2.9% 1.7 - 2.5% 0.6 - 1.9% Expected life of options (years) 3.8 - 5.0 3.8 - 4.9 3.0 - 5.5 Expected stock volatility 49.0 - 64.8% 60.0 - 63.3% 52.7 - 61.0% Expected dividend yield 0.0% 0.0% 0.0% (m) Net Loss Per Common Share (n) Impairment of Long‑Lived Assets and Long‑Lived Assets to Be Disposed Of (o) Intellectual Property As of June 30, 2019, the carrying value of the intellectual property, which included indefinite lived trademarks, was $1.3 million and no impairment was identified or recorded. (p ) Cease-use Liability (q) Sale-leaseback The consideration received for the sale, as reduced by closing and transaction costs, was $8.8 million, and the net book value of properties sold was $5.2 million, resulting in a $3.6 million gain. The gain recognized in fiscal year 2016 was $2.5 million, which included the portion of the gain in excess of the present value of the minimum lease payments for the leaseback, and was included in “Other income” in our Consolidated Statement of Operations. During fiscal 2017, we recognized $0.7 million of the gain. During fiscal 2018, we recognized the remaining $0.4 million of the gain. (r) Asset Retirement Obligations Asset Retirement and Environmental Obligations We record the net present value of the ARO liability and also record a related capital asset, in an equal amount, for leases which contractually result in an ARO. The estimated ARO liability is based on a number of assumptions, including costs to return facilities back to specified conditions, inflation rates and discount rates. Accretion expense related to the ARO liability is recognized as operating expense in our Consolidated Statements of Operations. The capitalized asset is depreciated on a straight-line basis over the useful life of the related leasehold improvements. Upon ARO fulfillment, any difference between the actual retirement expense incurred and the recorded estimated ARO liability is recognized as an operating gain or loss in our Consolidated Statements of Operations. Our ARO liability, which totaled $3.1 million as of June 30, 2019 was comprised of a $0.1 million short-term portion included in accrued liabilities and a $3.0 million long-term portion included in “Asset retirement obligation—non-current” on our Consolidated Balance Sheet at June 30, 2019. As of June 30, 2018, our ARO liability of $3.2 million was comprised of a $0.1 million short-term portion included in accrued liabilities and a $3.1 million long-term portion included in “Asset retirement obligation—non-current” on our Consolidated Balance Sheet at June 30, 2018. (s) Capital lease– (t ) Legal Proceedings (u ) Recent Accounting Pronouncements — In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, “Income Tax Accounting Implications of the Tax Cuts and Jobs Act (SAB 118),” which allows the Company to record provisional amounts during a measurement period not to extend beyond one year of the enactment date. The Company completed its analysis of the effects of the TCJA within the measurement period in accordance with SAB 118. In August 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”), which provides guidance on eight specific cash flow issues in regard to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those years and required adoption on a retrospective basis. The Company adopted ASU 2016-15 in the first quarter of fiscal 2019 and the adoption of this standard did not materially impact our consolidated financial statements and disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which is intended to improve financial reporting in connection with leasing transactions. ASU 2016-02 will require entities (“lessees”) that lease assets with lease terms of more than twelve months to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under ASU 2016-02, a right-of-use asset and lease obligation will be recorded for all leases, whether operating or finance, while the income statement will reflect lease expense for operating leases and amortization/interest expense for finance leases. Accounting by entities that own the assets leased by lessees (“lessors”) will remain largely unchanged from current GAAP. In addition, ASU 2016-02 requires disclosures to help investors and other financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. For public companies, ASU 2016-02 is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. A modified retrospective approach is required for all leases existing or entered into after the beginning of the earliest comparative period in the financial statements. In July 2018, the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements” (“ASU 2018-11”), which provided an additional transition option that allows companies to continue applying the guidance under the current lease standard in the comparative periods presented in the consolidated financial statements. Companies that elect this option would record a cumulative-effect adjustment to the opening balance of retained earnings on the date of adoption. The Company will elect this transition option. The Company will adopt this standard in the first quarter of fiscal 2020. The Company will elect not to separate lease and non-lease components for new and modified leases after the adoption date, and instead will account for each separate lease component of a contract and its associated non-lease components as a single lease component. The Company will elect not to recognize a right-of-use asset and a lease liability for leases with an initial term of twelve months or less. The Company will not elect the hindsight practical expedient. A complete population of contracts that meet the definition of a lease under ASU 2016-02 has been identified. While the Company is currently evaluating the provisions of ASU 2016-02, the Company expects to record consolidated right of use assets and consolidated lease liabilities in the approximate range of $350 million to $400 million. As discussed above, in May 2014, the FASB issued ASU 2014-09, an updated standard on revenue recognition, and has since modified the standard with additional ASUs. The new guidance provides enhancements to the quality and consistency of how revenue is reported while also improving comparability in the financial statements of companies reporting using IFRS and GAAP. The core principle of the new standard is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The Company adopted this standard in the first quarter of fiscal 2019 using the modified retrospective method, and the adoption did not have a material impact on its consolidated financial statements and disclosures.

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	(2) PROPERTY AND EQUIPMENT Property and equipment, net of accumulated depreciation, consisted of the following (in thousands): June 30, 2019 2018 Land $ 6,628 $ 6,628 Buildings and building improvements 41,794 41,479 Furniture and fixtures 63,857 61,963 Equipment 67,754 66,268 Software 47,214 43,664 Leasehold improvements 61,802 57,371 Assets under capital lease 783 788 289,832 278,161 Less accumulated depreciation (179,686 ) (157,044 ) Net property and equipment $ 110,146 $ 121,117

Debt

Debt	12 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	(3) DEBT We are a party to a credit agreement providing for an asset-based, five-year senior secured revolving credit facility (the “Revolving Credit Facility”) in the amount of up to $180.0 million that originally was scheduled to mature on August 18, 2020. On January 29, 2019, we entered into an amendment to the Revolving Credit Facility to extend the maturity date to January 29, 2024. The availability of funds under the Revolving Credit Facility is limited to the lesser of a calculated borrowing base and the lenders’ aggregate commitments under the Revolving Credit Facility. Our indebtedness under the Revolving Credit Facility is secured by a lien on substantially all of our assets. The Revolving Credit Facility contains certain restrictive covenants, which affect, among others, our ability to incur liens or incur additional indebtedness, change the nature of our business, sell assets or merge or consolidate with any other entity, or make investments or acquisitions unless they meet certain requirements. The Revolving Credit Facility requires that we satisfy a fixed charge coverage ratio at any time that our availability is less than the greater of 10% of our calculated borrowing base or $12.5 million. Our Revolving Credit Facility may, in some instances, limit our ability to pay cash dividends and repurchase our common stock. In order for the borrower under the Revolving Credit Facility, our subsidiary, to make a restricted payment to us for the payment of a dividend or a repurchase of shares, we must, among other things, maintain availability of 20% of the lesser of our calculated borrowing base or our lenders’ aggregate commitments under the Revolving Credit Facility on a pro forma basis for a specified period prior to and immediately following the restricted payment. As of June 30, 2019, we were in compliance with all of the Revolving Credit Facility covenants. At June 30, 2019, we had $34.7 million of borrowings outstanding under the Revolving Credit Facility, $11.5 million of outstanding letters of credit and availability of $65.0 million. Letters of credit under the Revolving Credit Facility are generally for self-insurance purposes. We incur commitment fees of up to 0.25% on the unused portion of the Revolving Credit Facility, payable quarterly. Any borrowing under the Revolving Credit Facility incurs interest at the prime rate, or LIBOR, plus an applicable margin, at our election (except with respect to swing loans, which incur interest solely at the prime rate plus the applicable margin), subject to a floor of one month LIBOR plus an applicable margin in the case of loans based on the prime rate. Interest expense for fiscal 2019 from the Revolving Credit Facility of $2.5 million was comprised of interest of $1.7 million, commitment fees of $0.5 million, and the amortization of financing fees of $0.3 million. Interest expense from the Revolving Credit Facility of $2.1 million for fiscal 2018 was comprised of interest of $1.3 million, commitment fees of $0.4 million, and the amortization of financing fees of $0.4 million. The fair value of the Company's debt approximated its carrying amount as of June 30, 2019. See Note 11 for additional discussion on dividend restrictions under the Revolving Credit Facility.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Jun. 30, 2019
Payables And Accruals [Abstract]
Accrued Liabilities	(4) ACCRUED LIABILITIES Accrued liabilities consisted of the following (in thousands): June 30, 2019 2018 Sales and use tax $ 3,452 $ 3,467 Self-insurance reserves 10,248 12,823 Wages, benefits and payroll taxes 12,429 6,006 Property taxes 1,655 1,612 Freight and distribution 6,222 4,807 Capital expenditures 884 1,585 Utilities 1,056 1,234 Advertising 61 1,102 Deferred rent 2,418 2,028 Gift card liability 1,894 1,786 Other 5,604 5,381 Total accrued liabilities $ 45,923 $ 41,831

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(5) INCOME TAXES Income tax provision/(benefit) consisted of the following (in thousands): Current Deferred Total Fiscal Year Ended June 30, 2019 Federal $ (286 ) $ 303 $ 17 State and local 225 4 229 Total $ (61 ) $ 307 $ 246 Fiscal Year Ended June 30, 2018 Federal $ — $ (568 ) $ (568 ) State and local 426 3 429 Total $ 426 $ (565 ) $ (139 ) Fiscal Year Ended June 30, 2017 Federal $ — $ 27 $ 27 State and local 166 4 170 Total $ 166 $ 31 $ 197 A reconciliation between income taxes computed at the statutory federal income tax rate of 21% in fiscal 2019, the blended statutory federal income tax rate of 27.2% in fiscal 2018, and the statutory federal income tax rate of 34% in fiscal 2017, and income taxes recognized in the Consolidated Statements of Operations was as follows (in thousands): Fiscal Year Ended June 30, 2019 2018 2017 Federal income tax benefit computed at statutory rate $ (2,561 ) $ (6,005 ) $ (10,997 ) State income taxes, net of related federal tax benefit 181 314 106 Increase in federal valuation allowance 2,291 5,182 10,076 Federal tax credits (294 ) (200 ) 68 Stock option expiration/deficiencies 548 586 938 Federal tax rate change — (19 ) — Other, net 81 3 6 Provision/(benefit) for income taxes $ 246 $ (139 ) $ 197 Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities for the fiscal years ended June 30, 2019, 2018 and 2017, all of which are classified as non-current in our Consolidated Balance Sheets, were comprised of the following (in thousands): June 30, 2019 2018 2017 Deferred tax assets: Other payroll and benefits $ 2,093 $ 580 $ 681 Inventory reserves 172 266 195 Self-insurance reserves 2,526 3,389 4,517 Share-based compensation 1,968 2,104 3,564 Other current assets 2,424 2,441 2,829 Deferred rent 5,895 5,705 5,068 Net operating loss and tax credits 27,358 26,040 25,610 Other noncurrent assets 10 — 537 Total gross deferred tax assets $ 42,446 $ 40,525 $ 43,001 Deferred tax liabilities: Inventory costs $ 5,609 $ 5,518 $ 9,468 Prepaid supplies 1,329 1,582 2,392 Property and equipment 7,761 9,215 4,033 Total gross deferred tax liabilities 14,699 16,315 15,893 Valuation allowance (27,531 ) (23,688 ) (27,150 ) Net deferred tax asset/(liability) $ 216 $ 522 $ (42 ) During fiscal 2013, we established a valuation allowance related to deferred tax assets. In assessing whether a deferred tax asset would be realized, we considered whether it is more likely than not that some portion or all of the deferred tax assets would not be realized. We considered the reversal of existing taxable temporary differences, projected future taxable income, tax planning strategies and loss carry back potential in making this assessment. In evaluating the likelihood that sufficient future earnings would be available in the near future to realize the deferred tax assets, we considered our cumulative losses over three years including the then-current year. Based on the foregoing, we concluded that a valuation allowance was necessary, and based on our results since fiscal 2013, we have continued to conclude that a full valuation allowance is necessary. In fiscal 2018, as a result of the TCJA enactment, the federal component of deferred taxes was remeasured at 21%, the tax rate at which they are expected to turn in future years. The valuation allowance offsetting these deferred taxes was reduced accordingly. The valuation allowance previously recorded against our AMT credits of $571,000 was removed to reflect that they will be refunded pursuant to the TCJA beginning on our fiscal year 2019 tax return. Further, federal deferred tax liabilities related to the amortization of trademarks for tax purposes, which are not considered for purposes of the valuation allowance computation, were reduced by $21,000 during the year, resulting in a tax benefit of that amount. In fiscal 2019, the deferred tax asset valuation allowance increased $3.8 million. At the end of fiscal 2019, net deferred tax assets totaled $27.7 million, with an offsetting valuation allowance of $27.5 million. We have federal net operating loss carryforwards of $94.9 million. These losses can only be carried forward and utilized to offset future taxable income. Of this carryforward amount, $74.3 million will expire in fiscal years 2033 through 2037 if not utilized before then. The remaining $20.6 million can be carried forward indefinitely, due to provisions of the TCJA. Additionally, we have tax effected state net operating loss carryforwards of $4.9 million, which will expire throughout fiscal years 2019 through 2039 filings, if not utilized before then. Accounting for Uncertainty in Income Taxes. The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before fiscal 2014. The Internal Revenue Service has concluded an examination of the Company for years ending on or before June 30, 2010. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): Balance at June 30, 2016 $ 147 Additions for tax positions of prior years — Reductions for lapse of statute of limitations — Balance at June 30, 2017 $ 147 Additions for tax positions of prior years — Reductions for lapse of statute of limitations — Balance at June 30, 2018 $ 147 Additions for tax positions of prior years — Reductions for lapse of statute of limitations — Balance at June 30, 2019 $ 147 The balance of taxes, interest, and penalties at June 30, 2019, that if recognized, would affect the effective tax rate is $302,000. We classify and recognize interest and penalties accrued related to unrecognized tax benefits in income tax expense. During the fiscal years ended June 30, 2019, 2018 and 2017, we recognized $9,000, $7,000, and $9,000 in interest, respectively. No interest or penalties were paid in the tax years ended June 30, 2019, 2018 and 2017. We do not anticipate that the total amount of unrecognized tax benefits will significantly increase or decrease the effective tax rate within 12 months of June 30, 2019.

Share-Based Incentive Plans

Share-Based Incentive Plans	12 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Incentive Plans	(6) SHARE‑BASED INCENTIVE PLANS Stock Option Awards. We have established the Tuesday Morning Corporation 2008 Long-Term Equity Incentive Plan (the “2008 Plan”) and the Tuesday Morning Corporation 2014 Long-Term Incentive Plan, as amended (the “2014 Plan”), which allow for the granting of stock options to directors, officers and key employees of the Company, and certain other key individuals who perform services for us and our subsidiaries. Equity awards may no longer be granted under the 2008 Plan, but equity awards granted under the 2008 Plan are still outstanding. On September 16, 2014, our Board of Directors adopted the Tuesday Morning Corporation 2014 Long-Term Incentive Plan (the “2014 Plan”), and the 2014 Plan was approved by our stockholders at the 2014 annual meeting of stockholders on November 12, 2014. The 2014 Plan became effective on September 16, 2014, and the maximum number of shares reserved for issuance under the 2014 Plan, as amended, is 6.1 million shares plus any awards under the 2008 Plan (i) that were outstanding on September 16, 2014, and, on or after September 16, 2014, are forfeited, expired or are cancelled, and (ii) any shares subject to such awards that, on or after September 16, 2014 are used to satisfy the exercise price or tax withholding obligations with respect to such awards. Our Board of Directors also approved the termination of the Company’s ability to grant new awards under the 2008 Plan, effective upon the date of stockholder approval of the 2014 Plan, and no new awards will be made under the 2008 Plan. On September 22, 2016, our Board of Directors adopted amendments to the 2014 Plan, which were approved at the 2016 Annual Meeting of Stockholders, to increase the number of shares of our common stock available for issuance under the 2014 Plan and to make additional amendments to the 2014 Plan to, among other things, remove liberal share recycling, reduce the number of shares exempt from minimum vesting, and eliminate discretion to accelerate vesting upon a change in control. On August 22, 2017, our Board of Directors adopted a Second Amendment to the 2014 Plan that modified the minimum vesting provisions as they apply to non-employee directors. The 2014 Plan provides for the granting of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, dividend equivalent rights, and other awards which may be granted singly, in combination, or in tandem, and which may be paid in cash, shares of common stock, or a combination of cash and shares of common stock. Under the 2014 Plan, stock options may not vest earlier than one year after the date of grant. “Full Value Awards” (i.e., restricted stock or restricted stock units) that constitute performance awards must vest no earlier than one year after the date of grant and Full Value Awards that constituted “Tenure Awards” (i.e., awards that vest upon passage of time) may not vest earlier than over the three-year period commencing on the date of grant (other than awards to non-employee directors which may not vest earlier than one year from the date of grant). The Compensation Committee of our Board of Directors may grant only stock options or Full Value Awards with vesting conditions that are more favorable than the foregoing restrictions with respect to up to 5% of the shares of common stock authorized under the 2014 Plan (referred to in the 2014 Plan as “exempt shares”). On November 16, 2016, our stockholders approved amendments to the 2014 Plan to increase the number of shares of the Company’s common stock available for issuance under the 2014 Plan by 2,500,000 shares and to make additional amendments to the 2014 Plan, including (i) reducing the percentage of shares exempt from the minimum vesting requirements under the 2014 Plan, (ii) adding a clawback policy, (iii) generally eliminating the discretion of the Board of Directors to accelerate the vesting of outstanding and unvested awards upon a change of control and (iv) providing that certain shares surrendered in payment of the exercise price of awards or withheld for tax withholding would count against the shares available under the 2014 Plan. Stock options were awarded with a strike price at a fair market value equal to the closing price of our common stock on the date of the grant under the 2008 Plan and the 2014 Plan. Options granted under the 2008 Plan and the 2014 Plan typically vest over periods of one to four years and expire ten years from the date of grant. Options granted under the 2008 Plan and the 2014 Plan may have certain performance requirements in addition to service terms. If the performance conditions are not satisfied, the options are forfeited. The exercise prices of stock options outstanding on June 30, 2019, range between $1.78 per share and $20.91 per share. The 2008 Plan terminated as to new awards as of September 16, 2014. There were 2.5 million shares available for grant under the 2014 Plan at June 30, 2019. Following is a summary of transactions relating to the 2008 Plan and 2014 Plan options for the fiscal years ended June 30, 2019, 2018, and 2017 (share amounts and aggregate intrinsic value in thousands): Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Options Outstanding at June 30, 2016 3,212 8.57 7.61 2,111 Granted during year 1,564 6.11 Exercised during the year (6 ) 1.24 Forfeited or expired during year (1,254 ) 9.88 Options Outstanding at June 30, 2017 3,516 7.02 7.86 2 Granted during year 621 2.46 Exercised during the year (3 ) 1.24 Forfeited or expired during year (177 ) 7.21 Options Outstanding at June 30, 2018 3,957 6.30 7.21 475 Granted during year 537 3.22 Exercised during the year (3 ) 2.10 Forfeited or expired during year (793 ) 7.38 Options Outstanding at June 30, 2019 3,698 5.63 7.10 — Options Exercisable at June 30, 2019 1,844 $ 6.63 6.24 $ — The weighted average grant date fair value of stock options granted during the fiscal years ended June 30, 2019, 2018, and 2017, was $1.71 per share, $1.22 per share, and $2.55 per share, respectively. There is no intrinsic value of vested unexercised options at June 30, 2019. There were options to purchase 3,105, 3,000 and 6,208 shares of our common stock, which were exercised during the fiscal years ended June 30, 2019, 2018 and 2017, respectively. The aggregate intrinsic value of stock options exercised was $1,800, $3,700, and $20,100 during the fiscal years ended June 30, 2019, 2018, and 2017, respectively. At June 30, 2019, we had $1.5 million of total unrecognized share‑based compensation expense related to stock options that is expected to be recognized over a weighted average period of 1.69 years. The following table summarizes information about stock options outstanding at June 30, 2019: Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Per Share Number Exercisable Weighted Average Exercise Price Per Share $1.78 - $2.45 607,298 8.15 $ 2.30 172,188 $ 2.27 $3.12 - $3.12 22,500 8.86 3.12 5,625 3.12 $3.25 - $3.25 496,635 9.24 3.25 — — $3.95 - $5.59 178,907 5.42 4.69 123,215 4.82 $5.64 - $5.64 376,101 6.59 5.64 282,076 5.64 $5.89 - $5.89 295,508 6.59 5.89 295,508 5.89 $5.95 - $5.95 417,825 6.04 5.95 417,825 5.95 $6.29 - $6.58 25,948 6.44 6.54 20,295 6.53 $6.71 - $6.71 894,984 7.17 6.71 199,115 6.71 $7.90 - $20.91 382,337 5.29 11.42 328,557 12.00 3,698,043 7.10 $ 5.63 1,844,404 $ 6.63 Restricted Stock Awards —The 2008 Plan and the 2014 Plan authorize the grant of restricted stock awards to directors, officers, key employees and certain other key individuals who perform services for us and our subsidiaries. Equity awards may no longer be granted under the 2008 Plan, but restricted stock awards granted under the 2008 Plan are still outstanding. Restricted stock awards are not transferable, but bear certain rights of common stock ownership including voting and dividend rights. Shares are valued at the fair market value of our common stock at the date of award. Shares may be subject to certain performance requirements. If the performance requirements are not met, the restricted shares are forfeited. Under the 2008 Plan and the 2014 Plan, as of June 30, 2019, there were 1,839,861 shares of restricted stock outstanding with award vesting periods, both performance-based and service-based, of one to four years and a weighted average grant date fair value of $3.36 per share. The following table summarizes information about restricted stock awards outstanding for the fiscal years ended June 30, 2019, 2018, and 2017 (share amounts in thousands): Number of Shares Weighted- Average Fair Value at Date of Grant Outstanding at June 30, 2016 762 $ 8.65 Granted during year 941 5.80 Vested during year (230 ) 8.38 Forfeited during year (383 ) 7.73 Outstanding at June 30, 2017 1,090 $ 6.57 Granted during year 981 2.44 Vested during year (398 ) 6.81 Forfeited during year (240 ) 4.94 Outstanding at June 30, 2018 1,433 $ 3.95 Granted during year 1,037 3.09 Vested during year (421 ) 4.59 Forfeited during year (209 ) 3.63 Outstanding at June 30, 2019 1,840 $ 3.36 Performance-Based Restricted Stock Awards and Performance-Based Stock Option Awards. As of June 30, 2019, there were 748,787 unvested performance-based restricted stock awards and performance-based stock options outstanding under the 2014 Plan, which are included in the respective stock option and restricted stock tables above. Share-based compensation costs : We recognized share‑based compensation costs as follows (in thousands): Fiscal Years Ended June 30, 2019 2018 2017 Amortization of share-based compensation during the period $ 3,488 $ 3,349 $ 4,114 Amounts capitalized in inventory (1,114 ) (1,280 ) (1,497 ) Amount recognized and charged to cost of sales 1,162 1,364 1,567 Amounts charged against income for the period before tax $ 3,536 $ 3,433 $ 4,184

Operating Leases

Operating Leases	12 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Operating Leases	(7) OPERATING LEASES We lease substantially all store locations under operating leases. Our existing store leases generally are for an initial term of five to ten years with two five‑year renewal options and, in limited circumstances, our store leases involve a tenant allowance for leasehold improvements. We record rent expense ratably over the life of the lease beginning with the date we take possession of or have the right to use the premises, and if our leases provide for a tenant allowance, we record the landlord reimbursement as a liability and ratably amortize the liability as a reduction to rent expense over the lease term beginning with the date we take possession of or control the physical access to the premises. Leases for new stores also typically allow us the ability to terminate a lease after approximately 60 months if store sales do not reach a stipulated amount stated in the lease. Future minimum base rent payments under our operating leases are as follows (in thousands): Fiscal Years Ending June 30, 2020 $ 91,354 2021 77,742 2022 66,669 2023 58,544 2024 51,342 Thereafter 127,468 Total minimum rental payments $ 473,119 Rent expense for the fiscal years ended June 30, 2019, 2018, and 2017 was $121.5 million, $118.3 million, and $108.0 million, respectively. Rent expense includes minimum base rent as well as contractually required payments for maintenance, insurance and taxes on our leased store locations and distribution centers. Contingent rent based on sales is not material to our financial statements.

401(K) Profit Sharing Plan

401(K) Profit Sharing Plan	12 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
401(K) Profit Sharing Plan	(8) 401(K) PROFIT SHARING PLAN We have a 401(k) profit sharing plan for the benefit of our full‑time employees who become eligible after one month of service, and for our part-time employees who become eligible after both 12 months of service and a minimum of 1,000 hours worked. Under the plan, eligible employees may request us to deduct and contribute from 1% to 75% of their salary to the plan, subject to Internal Revenue Service Regulations. We match each participant’s contribution up to 4% of participant’s compensation. We expensed contributions of $1.4 million, $1.4 million, and $1.3 million for the fiscal years ended June 30, 2019, 2018, and 2017, respectively.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	(9) EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted loss per common share (in thousands, except per share amounts): Fiscal Year Ended June 30, 2019 2018 2017 Net loss $ (12,440 ) $ (21,938 ) $ (32,542 ) Less: Income to participating securities — — — Net loss attributable to common shares $ (12,440 ) $ (21,938 ) $ (32,542 ) Weighted average common shares outstanding—basic 44,719 44,282 43,943 Effect of dilutive stock equivalents — — — Weighted average common shares outstanding—dilutive 44,719 44,282 43,943 Net loss per common share—basic $ (0.28 ) $ (0.50 ) $ (0.74 ) Net loss per common share—diluted $ (0.28 ) $ (0.50 ) $ (0.74 ) For the years ended June 30, 2019, 2018 and June 30, 2017, all options representing the rights to purchase shares were not included in the diluted loss per share calculation, because the assumed exercise of such options would have been anti-dilutive.

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results of Operations	(10) QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) Quarters Ended Sept. 30, Dec. 31, Mar. 31, June 30, 2018 2018 2019 2019 Net sales $ 227,313 $ 338,418 $ 210,984 $ 230,530 Gross profit 82,418 116,745 76,498 76,654 Operating income/(loss) (7,588 ) 16,308 (7,811 ) (11,434 ) Net income/(loss) (8,109 ) 16,006 (8,289 ) (12,049 ) Basic income/(loss) per share $ (0.18 ) $ 0.35 $ (0.18 ) $ (0.27 ) Diluted income/(loss) per share $ (0.18 ) $ 0.35 $ (0.18 ) $ (0.27 ) Quarters Ended Sept. 30, Dec. 31, Mar. 31, June 30, 2017 2017 2018 2018 Net sales $ 218,756 $ 333,807 $ 223,296 $ 230,473 Gross profit 77,950 105,685 80,303 77,036 Operating income/(loss) (11,994 ) 8,276 (7,789 ) (9,443 ) Net income/(loss) (12,254 ) 8,592 (8,080 ) (10,296 ) Basic income/(loss) per share $ (0.28 ) $ 0.19 $ (0.18 ) $ (0.23 ) Diluted income/(loss) per share $ (0.28 ) $ 0.19 $ (0.18 ) $ (0.23 ) A significant portion of our net sales and net earnings are realized during the period from October through December while the increase in merchandise purchases in preparation for this holiday selling season occurs in prior months.

Dividend Restrictions

Dividend Restrictions	12 Months Ended
	Jun. 30, 2019
Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract]
Dividend Restrictions	(11) DIVIDEND RESTRICTIONS The Revolving Credit Facility discussed in Note 3 restricts the ability of Tuesday Morning, Inc., the borrower under the Revolving Credit Facility and Tuesday Morning’s principal operating subsidiary, to incur additional liens and indebtedness, make investments and dispositions, pay dividends (including to Tuesday Morning), or enter into certain other transactions, among other restrictions. As a consolidated deficit exists as of June 30, 2019, no retained earnings are free of limitation on the payment of dividends on that date. At June 30, 2019, restricted net assets of consolidated subsidiaries were $13.0 million. Tuesday Morning Corporation (parent company only) Condensed Balance Sheets June 30, June 30, 2019 2018 ASSETS Current assets: Accounts receivable from subsidiaries $ 30,049 $ 26,529 Total current assets 30,049 26,529 Noncurrent assets: Investment in subsidiaries 141,260 153,725 Total noncurrent assets 141,260 153,725 Total Assets $ 171,309 $ 180,254 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable to subsidiaries $ — $ — Total current liabilities — — Noncurrent Liabilities — — Total Liabilities — — Stockholders' equity: Common stock 465 469 Additional paid-in capital 241,456 237,957 Retained deficit (63,800 ) (51,360 ) Less: Treasury stock (6,812 ) (6,812 ) Total stockholders' equity 171,309 180,254 Total Liabilities and Stockholders' Equity $ 171,309 $ 180,254 Tuesday Morning Corporation (parent company only) Condensed Statements of Operations Fiscal Years Ended June 30 2019 2018 2017 Net sales $ — $ — $ — Cost of sales — — — Gross profit — — — Selling, general and administrative expenses — — — Operating income/(loss) — — — Other income/(expense): Interest expense — — — Other income/(expense), net — — — Income/(loss) before taxes — — — Income tax provision — — — Net income/(loss) of subsidiaries (12,440 ) (21,938 ) (32,542 ) Net income/(loss) $ (12,440 ) $ (21,938 ) $ (32,542 ) A. Basis of presentation In the condensed, parent company only financial statements, Tuesday Morning Corporation’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. These condensed parent company only financial statements should be read in conjunction with Tuesday Morning Corporation’s consolidated financial statements. Condensed statements of cash flows were not presented because Tuesday Morning Corporation had no cash flow activities during fiscal 2019, fiscal 2018, or fiscal 2017. B. Guarantees and Restrictions As of June 30, 2019, Tuesday Morning, Inc. had $65.0 million of available credit on the Revolving Credit Facility that provides commitments of up to $180.0 million for revolving loans and letters of credit. Tuesday Morning Corporation, Tuesday Morning Inc. and the subsidiaries of Tuesday Morning, Inc. have guaranteed all obligations under the Revolving Credit Facility. In the event of default under the Revolving Credit Facility, Tuesday Morning Corporation, Tuesday Morning, Inc. and the subsidiaries of Tuesday Morning, Inc. will be directly liable to the debt holders. The Revolving Credit Facility includes restrictions on the ability of Tuesday Morning Corporation, Tuesday Morning, Inc. and the subsidiaries of Tuesday Morning, Inc. to incur additional liens and indebtedness, make investments and dispositions, pay dividends or make other transactions, among other restrictions. Under the Revolving Credit Facility, in order for Tuesday Morning, Inc. to make a dividend to Tuesday Morning Corporation for the payment of a dividend or a repurchase of shares, Tuesday Morning, Inc. must, among other things, maintain availability of 20% of the lesser of the calculated borrowing base or the lenders’ aggregate commitments under the Revolving Credit Facility on a pro forma basis for a specified period prior to and immediately following the restricted payment.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	(a) Basis of Presentation —The accompanying consolidated financial statements include the accounts of Tuesday Morning Corporation, a Delaware corporation, and its wholly‑owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. We operate our business as a single operating segment. Certain reclassifications were made to prior period amounts to conform to the current period presentation. None of the reclassifications affected our net loss in any period. We do not present a separate statement of comprehensive income, as we have no other comprehensive income items. Our fiscal year ended on June 30, 2019, which we refer to as fiscal 2019.
Use of Estimates	(b) Use of Estimates
Cash and Cash Equivalents	(c) Cash and Cash Equivalents
Inventories	(d) Inventories Stores conduct annual physical inventories, staggered during the second half of the fiscal year. We make adjustments to our financial statements based on the results of the physical inventories. During periods in which no physical inventories occur, we utilize an estimate for recording shrinkage reserves, based on historical trends of physical inventory results. These shrinkage reserves may require a favorable or unfavorable adjustment to actual results to the extent our subsequent physical inventories yield a different result. We review our inventory during and at the end of each quarter to ensure that all necessary pricing actions are taken to adequately value our inventory at the lower of cost or market by recording permanent markdowns to our on-hand inventory. Management believes these markdowns result in the appropriate prices necessary to stimulate demand for the merchandise. Actual recorded permanent markdowns could differ materially from management’s initial estimates based on future customer demand or economic conditions.
Property and Equipment	(e) Property and Equipment Estimated Useful Lives Buildings 30 years Furniture and fixtures 3 to 7 years Leasehold improvements Shorter of useful life or lease term Equipment 5 to 10 years Assets under capital lease Shorter of useful life or lease term Software 3 to 10 years Upon sale or retirement of an asset, the related cost and accumulated depreciation are removed from our balance sheet and any gain or loss is recognized in the statement of operations. Expenditures for maintenance, minor renewals and repairs are expensed as incurred, while major replacements and improvements are capitalized. For both the fiscal years ended June 30, 2019 and June 30, 2018, we disposed of assets with a net book value of approximately $0.1 million, primarily related to our store closing and relocation program. Gains or losses related to the sale or other disposal of such assets in these periods were presented in other income/(expense) on our Consolidated Statement of Operations and were not material.
Deferred Financing Costs	(f) Deferred Financing Costs
Income Taxes	(g) Income Taxes We file our annual federal income tax return on a consolidated basis. Furthermore, we recognize uncertain tax positions when we have determined it is more likely than not that a tax position will be sustained upon examination. However, new information may become available, or applicable laws or regulations may change, thereby resulting in a favorable or unfavorable adjustment to amounts recorded. Our results of operations included the impact of the enactment of the Tax Cuts and Jobs Act of 2017 (“TCJA”), which was signed into law on December 22, 2017. The TCJA made significant and complex changes to U.S. tax law including, but not limited to, (i) reducing the U.S. federal corporate tax rate from 35% to 21%; (ii) eliminating the corporate alternative minimum tax (“AMT”) and providing a refund mechanism for existing AMT credits; (iii) creating a new limitation on the deductibility of interest expense; (iv) changing rules related to uses and limitation of net operating loss carryforwards created in tax years beginning after December 31, 2017; and (v) significant acceleration of depreciation expense. As a result of the adoption of the TCJA upon enactment during fiscal year 2018, the blended statutory federal tax rate for fiscal 2018 was 27.2% with the statutory rate of 21% for fiscal 2019 and beyond.
Self Insurance Reserves	(h) Self-Insurance Reserves The insurance liabilities we record are primarily influenced by the frequency and severity of claims, and include a reserve for claims incurred but not yet reported. Our estimated reserves may be materially different from our future actual claim costs, and, when required adjustments to our estimate reserves are identified, the liability will be adjusted accordingly in that period. Our self‑insurance reserves for workers’ compensation, general liability and medical were $8.2 million and $1.1 million and $0.9 million, respectively, at June 30, 2019, and $10.1 million, $1.8 million, and $0.9 million, respectively, at June 30, 2018. We recognize insurance expenses based on the date of an occurrence of a loss including the actual and estimated ultimate costs of our claims. Claims are paid from our reserves and our current period insurance expense is adjusted for the difference in prior period recorded reserves and actual payments as well as changes in estimated reserves. Current period insurance expenses also include the amortization of our premiums paid to our insurance carriers. Expenses for workers’ compensation, general liability and medical insurance were $2.1 million, $2.3 million and $7.9 million, respectively, for the fiscal year ended June 30, 2019, $5.3 million, $2.9 million and $6.4 million, respectively, for the fiscal year ended June 30, 2018, and $4.8 million, $3.4 million and $7.6 million, respectively, for the fiscal year ended June 30, 2017.
Revenue Recognition	(i) Revenue Recognition — Our revenue is earned from sales of merchandise within our stores and is recorded at the point of sale and conveyance of merchandise to customers. Revenue is measured based on the amount of consideration that we expect to receive, reduced by point of sale discounts and estimates for sales returns, and excludes sales tax. Payment for our sales is due at the time of sale. We maintain a reserve for estimated sales returns, and we use historical customer return behavior to estimate our reserve requirements. Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), adopted in the first quarter of fiscal 2019 as further discussed in Note 1.u below, required a change in presentation of the sales return reserve on our Consolidated Balance Sheet, which we previously presented net of the estimated value of returned merchandise, but is now being presented on a gross basis. In the first quarter of fiscal 2019, we recorded an immaterial adjustment to present the reserve on a gross basis, increasing “Accrued Liabilities” and recording the corresponding returns asset, as evaluated for impairment, in “Other Assets,” in the Consolidated Balance Sheet. No impairment of the returns asset was indicated or recorded for the year ended June 30, 2019. Gift cards are sold to customers in our stores and we issue gift cards for merchandise returns in our stores. Revenue from sales of gift cards and issuances of merchandise credits is recognized when the gift card is redeemed by the customer, or if the likelihood of the gift card being redeemed by the customer is remote (gift card breakage). The gift card breakage rate is determined based upon historical redemption patterns. An estimate of the rate of gift card breakage is applied over the period of estimated performance and the breakage amounts are included in net sales in the Consolidated Statement of Operations. Breakage income recognized was $0.4 million, $0.6 million and $0.9 million for the fiscal years ended June 30, 2019, 2018 and 2017, respectively. The gift card liability is included in “Accrued Liabilities” in the Consolidated Balance Sheet at June 30, 2019 .
Advertising	(j) Advertising
Financial Instruments	(k) Financial Instruments
Share-Based Compensation	(l) Share‑Based Compensation The risk‑free interest rate is the constant maturity risk-free interest rate for U.S. Treasury instruments with terms consistent with the expected lives of the awards. The expected term of an option is based on our historical review of employee exercise behavior based on the employee class (executive or non‑executive) and based on our consideration of the remaining contractual term if limited exercise activity existed for a certain employee class. The expected volatility is based on both the historical volatility of our stock based on our historical stock prices and implied volatility of our traded stock options. The expected dividend yield is based on our expectation of not paying dividends on our common stock for the foreseeable future. These valuation inputs were as follows: Fiscal Years Ended June 30, 2019 2018 2017 Weighted average risk-free interest rate 2.3 - 2.9% 1.7 - 2.5% 0.6 - 1.9% Expected life of options (years) 3.8 - 5.0 3.8 - 4.9 3.0 - 5.5 Expected stock volatility 49.0 - 64.8% 60.0 - 63.3% 52.7 - 61.0% Expected dividend yield 0.0% 0.0% 0.0%
Net Loss Per Common Share	(m) Net Loss Per Common Share
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of	(n) Impairment of Long‑Lived Assets and Long‑Lived Assets to Be Disposed Of
Intellectual Property	(o) Intellectual Property As of June 30, 2019, the carrying value of the intellectual property, which included indefinite lived trademarks, was $1.3 million and no impairment was identified or recorded.
Cease use Liability	(p ) Cease-use Liability
Sale-leaseback	(q) Sale-leaseback The consideration received for the sale, as reduced by closing and transaction costs, was $8.8 million, and the net book value of properties sold was $5.2 million, resulting in a $3.6 million gain. The gain recognized in fiscal year 2016 was $2.5 million, which included the portion of the gain in excess of the present value of the minimum lease payments for the leaseback, and was included in “Other income” in our Consolidated Statement of Operations. During fiscal 2017, we recognized $0.7 million of the gain. During fiscal 2018, we recognized the remaining $0.4 million of the gain.
Asset Retirement Obligations	(r) Asset Retirement Obligations Asset Retirement and Environmental Obligations We record the net present value of the ARO liability and also record a related capital asset, in an equal amount, for leases which contractually result in an ARO. The estimated ARO liability is based on a number of assumptions, including costs to return facilities back to specified conditions, inflation rates and discount rates. Accretion expense related to the ARO liability is recognized as operating expense in our Consolidated Statements of Operations. The capitalized asset is depreciated on a straight-line basis over the useful life of the related leasehold improvements. Upon ARO fulfillment, any difference between the actual retirement expense incurred and the recorded estimated ARO liability is recognized as an operating gain or loss in our Consolidated Statements of Operations. Our ARO liability, which totaled $3.1 million as of June 30, 2019 was comprised of a $0.1 million short-term portion included in accrued liabilities and a $3.0 million long-term portion included in “Asset retirement obligation—non-current” on our Consolidated Balance Sheet at June 30, 2019. As of June 30, 2018, our ARO liability of $3.2 million was comprised of a $0.1 million short-term portion included in accrued liabilities and a $3.1 million long-term portion included in “Asset retirement obligation—non-current” on our Consolidated Balance Sheet at June 30, 2018.
Capital Lease	(s) Capital lease–
Legal Proceedings	(t ) Legal Proceedings
Recent Accounting Pronouncements	(u ) Recent Accounting Pronouncements — In December 2017, the SEC staff issued Staff Accounting Bulletin No. 118, “Income Tax Accounting Implications of the Tax Cuts and Jobs Act (SAB 118),” which allows the Company to record provisional amounts during a measurement period not to extend beyond one year of the enactment date. The Company completed its analysis of the effects of the TCJA within the measurement period in accordance with SAB 118. In August 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”), which provides guidance on eight specific cash flow issues in regard to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those years and required adoption on a retrospective basis. The Company adopted ASU 2016-15 in the first quarter of fiscal 2019 and the adoption of this standard did not materially impact our consolidated financial statements and disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which is intended to improve financial reporting in connection with leasing transactions. ASU 2016-02 will require entities (“lessees”) that lease assets with lease terms of more than twelve months to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under ASU 2016-02, a right-of-use asset and lease obligation will be recorded for all leases, whether operating or finance, while the income statement will reflect lease expense for operating leases and amortization/interest expense for finance leases. Accounting by entities that own the assets leased by lessees (“lessors”) will remain largely unchanged from current GAAP. In addition, ASU 2016-02 requires disclosures to help investors and other financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. For public companies, ASU 2016-02 is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. A modified retrospective approach is required for all leases existing or entered into after the beginning of the earliest comparative period in the financial statements. In July 2018, the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements” (“ASU 2018-11”), which provided an additional transition option that allows companies to continue applying the guidance under the current lease standard in the comparative periods presented in the consolidated financial statements. Companies that elect this option would record a cumulative-effect adjustment to the opening balance of retained earnings on the date of adoption. The Company will elect this transition option. The Company will adopt this standard in the first quarter of fiscal 2020. The Company will elect not to separate lease and non-lease components for new and modified leases after the adoption date, and instead will account for each separate lease component of a contract and its associated non-lease components as a single lease component. The Company will elect not to recognize a right-of-use asset and a lease liability for leases with an initial term of twelve months or less. The Company will not elect the hindsight practical expedient. A complete population of contracts that meet the definition of a lease under ASU 2016-02 has been identified. While the Company is currently evaluating the provisions of ASU 2016-02, the Company expects to record consolidated right of use assets and consolidated lease liabilities in the approximate range of $350 million to $400 million. As discussed above, in May 2014, the FASB issued ASU 2014-09, an updated standard on revenue recognition, and has since modified the standard with additional ASUs. The new guidance provides enhancements to the quality and consistency of how revenue is reported while also improving comparability in the financial statements of companies reporting using IFRS and GAAP. The core principle of the new standard is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The Company adopted this standard in the first quarter of fiscal 2019 using the modified retrospective method, and the adoption did not have a material impact on its consolidated financial statements and disclosures.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Property and Equipment Estimated Useful Lives	Buildings 30 years Furniture and fixtures 3 to 7 years Leasehold improvements Shorter of useful life or lease term Equipment 5 to 10 years Assets under capital lease Shorter of useful life or lease term Software 3 to 10 years
Schedule of Fair Value Assumptions of Stock Option Granted	Fiscal Years Ended June 30, 2019 2018 2017 Weighted average risk-free interest rate 2.3 - 2.9% 1.7 - 2.5% 0.6 - 1.9% Expected life of options (years) 3.8 - 5.0 3.8 - 4.9 3.0 - 5.5 Expected stock volatility 49.0 - 64.8% 60.0 - 63.3% 52.7 - 61.0% Expected dividend yield 0.0% 0.0% 0.0%

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment, Net of Accumulated Depreciation	Property and equipment, net of accumulated depreciation, consisted of the following (in thousands): June 30, 2019 2018 Land $ 6,628 $ 6,628 Buildings and building improvements 41,794 41,479 Furniture and fixtures 63,857 61,963 Equipment 67,754 66,268 Software 47,214 43,664 Leasehold improvements 61,802 57,371 Assets under capital lease 783 788 289,832 278,161 Less accumulated depreciation (179,686 ) (157,044 ) Net property and equipment $ 110,146 $ 121,117

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2019
Payables And Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following (in thousands): June 30, 2019 2018 Sales and use tax $ 3,452 $ 3,467 Self-insurance reserves 10,248 12,823 Wages, benefits and payroll taxes 12,429 6,006 Property taxes 1,655 1,612 Freight and distribution 6,222 4,807 Capital expenditures 884 1,585 Utilities 1,056 1,234 Advertising 61 1,102 Deferred rent 2,418 2,028 Gift card liability 1,894 1,786 Other 5,604 5,381 Total accrued liabilities $ 45,923 $ 41,831

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision (Benefit)	Current Deferred Total Fiscal Year Ended June 30, 2019 Federal $ (286 ) $ 303 $ 17 State and local 225 4 229 Total $ (61 ) $ 307 $ 246 Fiscal Year Ended June 30, 2018 Federal $ — $ (568 ) $ (568 ) State and local 426 3 429 Total $ 426 $ (565 ) $ (139 ) Fiscal Year Ended June 30, 2017 Federal $ — $ 27 $ 27 State and local 166 4 170 Total $ 166 $ 31 $ 197
Reconciliation of Income Taxes Computed at Blended Statutory Federal Income Tax Rate	Fiscal Year Ended June 30, 2019 2018 2017 Federal income tax benefit computed at statutory rate $ (2,561 ) $ (6,005 ) $ (10,997 ) State income taxes, net of related federal tax benefit 181 314 106 Increase in federal valuation allowance 2,291 5,182 10,076 Federal tax credits (294 ) (200 ) 68 Stock option expiration/deficiencies 548 586 938 Federal tax rate change — (19 ) — Other, net 81 3 6 Provision/(benefit) for income taxes $ 246 $ (139 ) $ 197
Schedule of Deferred Tax Assets and Liabilities	June 30, 2019 2018 2017 Deferred tax assets: Other payroll and benefits $ 2,093 $ 580 $ 681 Inventory reserves 172 266 195 Self-insurance reserves 2,526 3,389 4,517 Share-based compensation 1,968 2,104 3,564 Other current assets 2,424 2,441 2,829 Deferred rent 5,895 5,705 5,068 Net operating loss and tax credits 27,358 26,040 25,610 Other noncurrent assets 10 — 537 Total gross deferred tax assets $ 42,446 $ 40,525 $ 43,001 Deferred tax liabilities: Inventory costs $ 5,609 $ 5,518 $ 9,468 Prepaid supplies 1,329 1,582 2,392 Property and equipment 7,761 9,215 4,033 Total gross deferred tax liabilities 14,699 16,315 15,893 Valuation allowance (27,531 ) (23,688 ) (27,150 ) Net deferred tax asset/(liability) $ 216 $ 522 $ (42 )
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	Balance at June 30, 2016 $ 147 Additions for tax positions of prior years — Reductions for lapse of statute of limitations — Balance at June 30, 2017 $ 147 Additions for tax positions of prior years — Reductions for lapse of statute of limitations — Balance at June 30, 2018 $ 147 Additions for tax positions of prior years — Reductions for lapse of statute of limitations — Balance at June 30, 2019 $ 147

Share-Based Incentive Plans (Ta

Share-Based Incentive Plans (Tables)	12 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Option Transactions	Following is a summary of transactions relating to the 2008 Plan and 2014 Plan options for the fiscal years ended June 30, 2019, 2018, and 2017 (share amounts and aggregate intrinsic value in thousands): Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Options Outstanding at June 30, 2016 3,212 8.57 7.61 2,111 Granted during year 1,564 6.11 Exercised during the year (6 ) 1.24 Forfeited or expired during year (1,254 ) 9.88 Options Outstanding at June 30, 2017 3,516 7.02 7.86 2 Granted during year 621 2.46 Exercised during the year (3 ) 1.24 Forfeited or expired during year (177 ) 7.21 Options Outstanding at June 30, 2018 3,957 6.30 7.21 475 Granted during year 537 3.22 Exercised during the year (3 ) 2.10 Forfeited or expired during year (793 ) 7.38 Options Outstanding at June 30, 2019 3,698 5.63 7.10 — Options Exercisable at June 30, 2019 1,844 $ 6.63 6.24 $ —
Summary of Information About Stock Options Outstanding	The following table summarizes information about stock options outstanding at June 30, 2019: Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life (Years) Weighted Average Exercise Price Per Share Number Exercisable Weighted Average Exercise Price Per Share $1.78 - $2.45 607,298 8.15 $ 2.30 172,188 $ 2.27 $3.12 - $3.12 22,500 8.86 3.12 5,625 3.12 $3.25 - $3.25 496,635 9.24 3.25 — — $3.95 - $5.59 178,907 5.42 4.69 123,215 4.82 $5.64 - $5.64 376,101 6.59 5.64 282,076 5.64 $5.89 - $5.89 295,508 6.59 5.89 295,508 5.89 $5.95 - $5.95 417,825 6.04 5.95 417,825 5.95 $6.29 - $6.58 25,948 6.44 6.54 20,295 6.53 $6.71 - $6.71 894,984 7.17 6.71 199,115 6.71 $7.90 - $20.91 382,337 5.29 11.42 328,557 12.00 3,698,043 7.10 $ 5.63 1,844,404 $ 6.63
Summary of Information about Restricted Stock Awards Outstanding	The following table summarizes information about restricted stock awards outstanding for the fiscal years ended June 30, 2019, 2018, and 2017 (share amounts in thousands): Number of Shares Weighted- Average Fair Value at Date of Grant Outstanding at June 30, 2016 762 $ 8.65 Granted during year 941 5.80 Vested during year (230 ) 8.38 Forfeited during year (383 ) 7.73 Outstanding at June 30, 2017 1,090 $ 6.57 Granted during year 981 2.44 Vested during year (398 ) 6.81 Forfeited during year (240 ) 4.94 Outstanding at June 30, 2018 1,433 $ 3.95 Granted during year 1,037 3.09 Vested during year (421 ) 4.59 Forfeited during year (209 ) 3.63 Outstanding at June 30, 2019 1,840 $ 3.36
Schedule of Recognized Share-Based Compensation Costs	We recognized share‑based compensation costs as follows (in thousands): Fiscal Years Ended June 30, 2019 2018 2017 Amortization of share-based compensation during the period $ 3,488 $ 3,349 $ 4,114 Amounts capitalized in inventory (1,114 ) (1,280 ) (1,497 ) Amount recognized and charged to cost of sales 1,162 1,364 1,567 Amounts charged against income for the period before tax $ 3,536 $ 3,433 $ 4,184

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Future Minimum Base Rent Payments Under Leases	Future minimum base rent payments under our operating leases are as follows (in thousands): Fiscal Years Ending June 30, 2020 $ 91,354 2021 77,742 2022 66,669 2023 58,544 2024 51,342 Thereafter 127,468 Total minimum rental payments $ 473,119

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Loss Per Common Share	Fiscal Year Ended June 30, 2019 2018 2017 Net loss $ (12,440 ) $ (21,938 ) $ (32,542 ) Less: Income to participating securities — — — Net loss attributable to common shares $ (12,440 ) $ (21,938 ) $ (32,542 ) Weighted average common shares outstanding—basic 44,719 44,282 43,943 Effect of dilutive stock equivalents — — — Weighted average common shares outstanding—dilutive 44,719 44,282 43,943 Net loss per common share—basic $ (0.28 ) $ (0.50 ) $ (0.74 ) Net loss per common share—diluted $ (0.28 ) $ (0.50 ) $ (0.74 )

Quarterly Results of Operatio_2

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Summary of Unaudited Quarterly Results	Quarters Ended Sept. 30, Dec. 31, Mar. 31, June 30, 2018 2018 2019 2019 Net sales $ 227,313 $ 338,418 $ 210,984 $ 230,530 Gross profit 82,418 116,745 76,498 76,654 Operating income/(loss) (7,588 ) 16,308 (7,811 ) (11,434 ) Net income/(loss) (8,109 ) 16,006 (8,289 ) (12,049 ) Basic income/(loss) per share $ (0.18 ) $ 0.35 $ (0.18 ) $ (0.27 ) Diluted income/(loss) per share $ (0.18 ) $ 0.35 $ (0.18 ) $ (0.27 ) Quarters Ended Sept. 30, Dec. 31, Mar. 31, June 30, 2017 2017 2018 2018 Net sales $ 218,756 $ 333,807 $ 223,296 $ 230,473 Gross profit 77,950 105,685 80,303 77,036 Operating income/(loss) (11,994 ) 8,276 (7,789 ) (9,443 ) Net income/(loss) (12,254 ) 8,592 (8,080 ) (10,296 ) Basic income/(loss) per share $ (0.28 ) $ 0.19 $ (0.18 ) $ (0.23 ) Diluted income/(loss) per share $ (0.28 ) $ 0.19 $ (0.18 ) $ (0.23 )

Dividend Restrictions (Tables)

Dividend Restrictions (Tables)	12 Months Ended
	Jun. 30, 2019
Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract]
Condensed Statements of Position	Tuesday Morning Corporation (parent company only) Condensed Balance Sheets June 30, June 30, 2019 2018 ASSETS Current assets: Accounts receivable from subsidiaries $ 30,049 $ 26,529 Total current assets 30,049 26,529 Noncurrent assets: Investment in subsidiaries 141,260 153,725 Total noncurrent assets 141,260 153,725 Total Assets $ 171,309 $ 180,254 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable to subsidiaries $ — $ — Total current liabilities — — Noncurrent Liabilities — — Total Liabilities — — Stockholders' equity: Common stock 465 469 Additional paid-in capital 241,456 237,957 Retained deficit (63,800 ) (51,360 ) Less: Treasury stock (6,812 ) (6,812 ) Total stockholders' equity 171,309 180,254 Total Liabilities and Stockholders' Equity $ 171,309 $ 180,254
Condensed Statements of Operations	Tuesday Morning Corporation (parent company only) Condensed Statements of Operations Fiscal Years Ended June 30 2019 2018 2017 Net sales $ — $ — $ — Cost of sales — — — Gross profit — — — Selling, general and administrative expenses — — — Operating income/(loss) — — — Other income/(expense): Interest expense — — — Other income/(expense), net — — — Income/(loss) before taxes — — — Income tax provision — — — Net income/(loss) of subsidiaries (12,440 ) (21,938 ) (32,542 ) Net income/(loss) $ (12,440 ) $ (21,938 ) $ (32,542 )

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies - Narrative (Details)	Dec. 22, 2017	Dec. 21, 2017	Jun. 30, 2019USD ($)StoreState	Jun. 30, 2018USD ($)Store	Jun. 30, 2017USD ($)Store	Jun. 30, 2016USD ($)Building	Jul. 01, 2019USD ($)
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Corporate federal income tax rate	21.00%	35.00%	21.00%	27.20%	34.00%
Number of discount retail stores operated | Store			714	726	731
Number of states in which the entity operates | State			40
Credit card receivables from third party consumer credit card providers			$ 9,700,000	$ 7,900,000
Capitalized inventory costs expensed in cost of sales			106,600,000	109,100,000	$ 108,200,000
Capitalized cost in inventory			32,900,000	32,500,000
Disposal of assets			100,000	100,000
Advertising expenses			26,500,000	27,200,000	29,000,000
Prepaid advertising			177,000	60,000
Short-term cease use liabilities			2,000	77,000
Sale-leaseback transaction, gain recognized in other income				371,000	$ 741,000
Asset retirement obligations			3,100,000	3,200,000
Short-term asset retirement obligations			100,000	100,000
Long-term asset retirement obligations liability			3,002,000	3,100,000
Equipment and Software
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Term of capital lease					5 years
Capital lease maturity date					Jan. 31, 2022
Current capital lease liability			200,000	200,000	$ 100,000
Long-term capital lease liability			300,000	400,000	600,000
Capital lease asset			400,000	600,000	800,000
Capital lease amortization expense			200,000	200,000
Equipment and Software | Maximum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Capital lease amortization expense					100,000
Intellectual Property
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Carrying value of intellectual property			1,300,000
Impairment of intellectual property			0
Worker's compensation
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Stop loss limits per claim			500,000
Self insurance reserve			8,200,000	10,100,000
Insurance expenses recognized			2,100,000	5,300,000	4,800,000
General liability
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Stop loss limits per claim			250,000
Self insurance reserve			1,100,000	1,800,000
Insurance expenses recognized			2,300,000	2,900,000	3,400,000
Medical liabilities
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Stop loss limits per claim			150,000
Self insurance reserve			900,000	900,000
Insurance expenses recognized			$ 7,900,000	6,400,000	7,600,000
Dallas | Buildings and Land
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Sale-leaseback transaction, asset description			transaction to sell two buildings and land
Transaction to sell, number of buildings | Building						2
Sale-leaseback transaction, extended period			2018-03
Consideration received reduced by closing and transaction costs						$ 8,800,000
Sale-leaseback transaction, net book value						5,200,000
Gain on sale-leaseback transaction						3,600,000
Sale-leaseback transaction, gain recognized in other income				400,000	700,000	$ 2,500,000
Accounting Standards Update 2014-09
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Impairment charges			$ 0
Accounting Standards Update 2014-09 | Breakage
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Breakage income recognized			$ 400,000	$ 600,000	$ 900,000
ASU 2016-02 | Maximum | Subsequent Event
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Lease, right-of-use asset							$ 400,000,000
Lease, liability							400,000,000
ASU 2016-02 | Minimum | Subsequent Event
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Lease, right-of-use asset							350,000,000
Lease, liability							$ 350,000,000

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - Summary of Property and Equipment Estimated Useful Lives (Details)	12 Months Ended
	Jun. 30, 2019
Buildings
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	30 years
Furniture and fixtures | Minimum
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	3 years
Furniture and fixtures | Maximum
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	7 years
Leasehold Improvements
Property Plant And Equipment [Line Items]
Estimated useful life of Leasehold improvements	Shorter of useful life or lease term
Equipment | Minimum
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	5 years
Equipment | Maximum
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	10 years
Assets Under Capital Lease
Property Plant And Equipment [Line Items]
Estimated useful life of Leasehold improvements	Shorter of useful life or lease term
Software | Minimum
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	3 years
Software | Maximum
Property Plant And Equipment [Line Items]
Estimated useful life (in years)	10 years

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies - Schedule of Fair Value Assumptions of Stock Option Granted (Details)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Factors used in estimating the fair value of each stock option granted
Weighted average risk-free interest rate, minimum (as a percent)	2.30%	1.70%	0.60%
Weighted average risk-free interest rate, maximum (as a percent)	2.90%	2.50%	1.90%
Expected stock volatility, minimum (as a percent)	49.00%	60.00%	52.70%
Expected stock volatility, maximum (as a percent)	64.80%	63.30%	61.00%
Expected dividend yield (as a percent)	0.00%	0.00%	0.00%
Minimum
Factors used in estimating the fair value of each stock option granted
Expected life of options (in years)	3 years 9 months 18 days	3 years 9 months 18 days	3 years
Maximum
Factors used in estimating the fair value of each stock option granted
Expected life of options (in years)	5 years	4 years 10 months 24 days	5 years 6 months

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment, Net of Accumulated Depreciation (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Property and equipment, net of accumulated depreciation
Gross property and equipment	$ 289,832	$ 278,161
Less accumulated depreciation	(179,686)	(157,044)
Net property and equipment	110,146	121,117
Land
Property and equipment, net of accumulated depreciation
Gross property and equipment	6,628	6,628
Buildings and building improvements
Property and equipment, net of accumulated depreciation
Gross property and equipment	41,794	41,479
Furniture and fixtures
Property and equipment, net of accumulated depreciation
Gross property and equipment	63,857	61,963
Equipment
Property and equipment, net of accumulated depreciation
Gross property and equipment	67,754	66,268
Software
Property and equipment, net of accumulated depreciation
Gross property and equipment	47,214	43,664
Leasehold Improvements
Property and equipment, net of accumulated depreciation
Gross property and equipment	61,802	57,371
Assets Under Capital Lease
Property and equipment, net of accumulated depreciation
Gross property and equipment	$ 783	$ 788

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Jan. 29, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Line Of Credit Facility [Line Items]
Revolving credit facility outstanding amount		$ 34,650,000	$ 38,480,000
Revolving credit facility, description of variable rate basis		one month LIBOR
Amortization of financing fees		$ 276,000	315,000	$ 326,000
Revolving Credit Facility
Line Of Credit Facility [Line Items]
Term of credit facility (in years)		5 years
Maximum borrowing capacity		$ 180,000,000
Revolving credit facility maturity date	Jan. 29, 2024	Aug. 18, 2020
Availability to be maintained under credit facility		$ 12,500,000
Availability to be maintained under credit facility before restriction on investments, percentage		20.00%
Covenant terms		The Revolving Credit Facility contains certain restrictive covenants, which affect, among others, our ability to incur liens or incur additional indebtedness, change the nature of our business, sell assets or merge or consolidate with any other entity, or make investments or acquisitions unless they meet certain requirements. The Revolving Credit Facility requires that we satisfy a fixed charge coverage ratio at any time that our availability is less than the greater of 10% of our calculated borrowing base or $12.5 million.
Revolving credit facility outstanding amount		$ 34,700,000
Outstanding letters of credit		11,500,000
Availability under the credit facility		$ 65,000,000
Frequency of commitment fee payment		Payable quarterly
Interest expense		$ 2,500,000	2,100,000
Commitment fees		500,000	400,000
Interest expense, debt		1,700,000	1,300,000
Amortization of financing fees		$ 300,000	$ 400,000
Revolving Credit Facility | Minimum
Line Of Credit Facility [Line Items]
Availability to be maintained under credit facility, percentage		10.00%
Revolving Credit Facility | Maximum
Line Of Credit Facility [Line Items]
Commitment fees (as a percent)		0.25%

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Payables And Accruals [Abstract]
Sales and use tax	$ 3,452	$ 3,467
Self-insurance reserves	10,248	12,823
Wages, benefits and payroll taxes	12,429	6,006
Property taxes	1,655	1,612
Freight and distribution	6,222	4,807
Capital expenditures	884	1,585
Utilities	1,056	1,234
Advertising	61	1,102
Deferred rent	2,418	2,028
Gift card liability	1,894	1,786
Other	5,604	5,381
Total accrued liabilities	$ 45,923	$ 41,831

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Current
Federal	$ (286)
State and local	225	$ 426	$ 166
Total	(61)	426	166
Deferred
Federal	303	(568)	27
State and local	4	3	4
Total	307	(565)	31
Total
Federal	17	(568)	27
State and local	229	429	170
Total	$ 246	$ (139)	$ 197

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	Dec. 22, 2017	Dec. 21, 2017	Jun. 30, 2019USD ($)Subsidiary	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Income Tax [Line Items]
Statutory federal income tax rate	21.00%	35.00%	21.00%	27.20%	34.00%
Alternative minimum tax credit			$ 571,000
Federal tax rate change			21,000	$ 19,000
Deferred tax assets, valuation allowance			3,800,000
Deferred income tax assets			27,700,000
Deferred tax assets, valuation allowance			27,531,000	23,688,000	$ 27,150,000
Operating loss carryforward - Federal			94,900,000
Operating loss carryforward - State			$ 4,900,000
Number of subsidiaries filing income tax returns in the U.S. federal jurisdiction, and various state jurisdictions | Subsidiary			1
Unrecognized tax benefits that, if recognized, would affect the effective tax rate			$ 302,000
Interest, net of tax effect recognized			9,000	7,000	9,000
Interest paid, net of tax			0	$ 0	$ 0
Federal
Income Tax [Line Items]
Operating loss carryforward subject to expiration			74,300,000
Operating loss carryforward not subject to expiration			$ 20,600,000
Federal | Earliest Tax Year
Income Tax [Line Items]
Operating loss carryforward expiration year			2033
Federal | Latest Tax Year
Income Tax [Line Items]
Operating loss carryforward expiration year			2037
State and Local Jurisdiction | Earliest Tax Year
Income Tax [Line Items]
Operating loss carryforward expiration year			2019
State and Local Jurisdiction | Latest Tax Year
Income Tax [Line Items]
Operating loss carryforward expiration year			2039

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Taxes Computed at Blended Statutory Federal Income Tax Rate (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Reconciliation of the expected federal income tax expense at the statutory income tax rate to the actual tax expense
Federal income tax benefit computed at statutory rate	$ (2,561,000)	$ (6,005,000)	$ (10,997,000)
State income taxes, net of related federal tax benefit	181,000	314,000	106,000
Increase in federal valuation allowance	2,291,000	5,182,000	10,076,000
Federal tax credits	(294,000)	(200,000)	68,000
Stock option expiration/deficiencies	548,000	586,000	938,000
Federal tax rate change	(21,000)	(19,000)
Other, net	81,000	3,000	6,000
Total	$ 246,000	$ (139,000)	$ 197,000

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Deferred tax assets:
Other payroll and benefits	$ 2,093	$ 580	$ 681
Inventory reserves	172	266	195
Self-insurance reserves	2,526	3,389	4,517
Share-based compensation	1,968	2,104	3,564
Other current assets	2,424	2,441	2,829
Deferred rent	5,895	5,705	5,068
Net operating loss and tax credits	27,358	26,040	25,610
Other noncurrent assets	10		537
Total gross deferred tax assets	42,446	40,525	43,001
Deferred tax liabilities:
Inventory costs	5,609	5,518	9,468
Prepaid supplies	1,329	1,582	2,392
Property and equipment	7,761	9,215	4,033
Total gross deferred tax liabilities	14,699	16,315	15,893
Valuation allowance	(27,531)	(23,688)	(27,150)
Net deferred tax (liability)			(42)
Net deferred tax asset	$ 216	$ 522
Net deferred tax (liability)			$ 42

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Reconciliation of the beginning and ending amount of unrecognized tax benefits
Balance at beginning of the period	$ 147	$ 147	$ 147
Additions for tax positions of prior years	0	0	0
Reductions for lapse of statute of limitations	0	0	0
Balance at end of the period	$ 147	$ 147	$ 147

Share-Based Incentive Plans - N

Share-Based Incentive Plans - Narrative (Details) - USD ($)	Aug. 21, 2017	Sep. 16, 2014	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Nov. 16, 2016	Jun. 30, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise price of stock options outstanding, low end of range			$ 1.78
Exercise price of stock option outstanding, high end of range			20.91
Stock Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value of awards granted (in dollars per share)			$ 1.71	$ 1.22	$ 2.55
Aggregate intrinsic value of awards vested (in dollars)			$ 0
Exercised (in shares)			3,105	3,000	6,208
Aggregate intrinsic value of awards exercised (in dollars)			$ 1,800	$ 3,700	$ 20,100
Unrecognized share-based compensation expense (in dollars)			$ 1,500,000
Weighted average period for recognition of unrecognized share-based compensation expense (in years)			1 year 8 months 8 days
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards outstanding			1,840,000	1,433,000	1,090,000		762,000
Weighted average grant date fair value of awards granted (in dollars per share)			$ 3.09	$ 2.44	$ 5.80
2014 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized		6,100,000
Number of common stock shares available for issuance						2,500,000
2014 Plan | Stock Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration period (in years)			10 years
Shares available for grant			2,500,000
2014 Plan | Stock Option Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)		1 year	1 year
2014 Plan | Stock Option Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)			4 years
Vesting percentage		5.00%
2014 Plan | Full Value Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)		1 year
2014 Plan | Full Value Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage		5.00%
2014 Plan | Tenure Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)	3 years
2014 Plan | Tenure Awards | Minimum | Non Employee Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)	1 year
2014 Plan | Performance-Based Restricted Stock Awards and Stock Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards outstanding			748,787
2008 Plan | Stock Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration period (in years)			10 years
2008 Plan | Stock Option Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)			1 year
2008 Plan | Stock Option Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)			4 years
2008 and 2014 Plan | Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards outstanding			1,839,861
Weighted average grant date fair value of awards granted (in dollars per share)			$ 3.36
2008 and 2014 Plan | Restricted Stock Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)			1 year
2008 and 2014 Plan | Restricted Stock Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period (in years)			4 years

Share-Based Incentive Plans - S

Share-Based Incentive Plans - Summary of Option Transactions (Details) - Stock Option Awards - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Number of Shares
Options outstanding at the beginning of year	3,957,000	3,516,000	3,212,000
Granted during year	537,000	621,000	1,564,000
Exercised during the year	(3,105)	(3,000)	(6,208)
Forfeited or expired during year	(793,000)	(177,000)	(1,254,000)
Options outstanding at the end of year	3,698,000	3,957,000	3,516,000	3,212,000
Exercisable at June 30, 2019	1,844,000
Weighted-Average Exercise Price
Options outstanding at the beginning of year	$ 6.30	$ 7.02	$ 8.57
Granted during year	3.22	2.46	6.11
Exercised during the year	2.10	1.24	1.24
Forfeited or expired during year	7.38	7.21	9.88
Options outstanding at the end of year	5.63	$ 6.30	$ 7.02	$ 8.57
Exercisable at June 30, 2019	$ 6.63
Weighted-Average Remaining Contractual Term (Years)
Options outstanding at the end of year	7 years 1 month 6 days	7 years 2 months 15 days	7 years 10 months 9 days	7 years 7 months 9 days
Exercisable at June 30, 2019	6 years 2 months 26 days
Aggregate Intrinsic Value
Options outstanding at the end of year		$ 475	$ 2	$ 2,111

Share-Based Incentive Plans -_2

Share-Based Incentive Plans - Summary of Information about Stock Options Outstanding (Details)	12 Months Ended
	Jun. 30, 2019$ / sharesshares
Information about stock options outstanding
Low end of range of exercise prices	$ 1.78
High end of range of exercise prices	$ 20.91
Number Outstanding | shares	3,698,043
Weighted Average Remaining Contractual Life (Years), Options Outstanding	7 years 1 month 6 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 5.63
Number Exercisable | shares	1,844,404
Weighted Average Exercise Price Per Share, Options Exercisable	$ 6.63
$1.78 - $2.45
Information about stock options outstanding
Low end of range of exercise prices	1.78
High end of range of exercise prices	$ 2.45
Number Outstanding | shares	607,298
Weighted Average Remaining Contractual Life (Years), Options Outstanding	8 years 1 month 24 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 2.30
Number Exercisable | shares	172,188
Weighted Average Exercise Price Per Share, Options Exercisable	$ 2.27
$3.12 - $3.12
Information about stock options outstanding
Low end of range of exercise prices	3.12
High end of range of exercise prices	$ 3.12
Number Outstanding | shares	22,500
Weighted Average Remaining Contractual Life (Years), Options Outstanding	8 years 10 months 9 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 3.12
Number Exercisable | shares	5,625
Weighted Average Exercise Price Per Share, Options Exercisable	$ 3.12
$3.25 - $3.25
Information about stock options outstanding
Low end of range of exercise prices	3.25
High end of range of exercise prices	$ 3.25
Number Outstanding | shares	496,635
Weighted Average Remaining Contractual Life (Years), Options Outstanding	9 years 2 months 26 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 3.25
$3.95 - $5.59
Information about stock options outstanding
Low end of range of exercise prices	3.95
High end of range of exercise prices	$ 5.59
Number Outstanding | shares	178,907
Weighted Average Remaining Contractual Life (Years), Options Outstanding	5 years 5 months 1 day
Weighted Average Exercise Price Per Share, Options Outstanding	$ 4.69
Number Exercisable | shares	123,215
Weighted Average Exercise Price Per Share, Options Exercisable	$ 4.82
$5.64 - $5.64
Information about stock options outstanding
Low end of range of exercise prices	5.64
High end of range of exercise prices	$ 5.64
Number Outstanding | shares	376,101
Weighted Average Remaining Contractual Life (Years), Options Outstanding	6 years 7 months 2 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 5.64
Number Exercisable | shares	282,076
Weighted Average Exercise Price Per Share, Options Exercisable	$ 5.64
$5.89 - $5.89
Information about stock options outstanding
Low end of range of exercise prices	5.89
High end of range of exercise prices	$ 5.89
Number Outstanding | shares	295,508
Weighted Average Remaining Contractual Life (Years), Options Outstanding	6 years 7 months 2 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 5.89
Number Exercisable | shares	295,508
Weighted Average Exercise Price Per Share, Options Exercisable	$ 5.89
$5.95 - $5.95
Information about stock options outstanding
Low end of range of exercise prices	5.95
High end of range of exercise prices	$ 5.95
Number Outstanding | shares	417,825
Weighted Average Remaining Contractual Life (Years), Options Outstanding	6 years 14 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 5.95
Number Exercisable | shares	417,825
Weighted Average Exercise Price Per Share, Options Exercisable	$ 5.95
$6.29 - $6.58
Information about stock options outstanding
Low end of range of exercise prices	6.29
High end of range of exercise prices	$ 6.58
Number Outstanding | shares	25,948
Weighted Average Remaining Contractual Life (Years), Options Outstanding	6 years 5 months 8 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 6.54
Number Exercisable | shares	20,295
Weighted Average Exercise Price Per Share, Options Exercisable	$ 6.53
$6.71 - $6.71
Information about stock options outstanding
Low end of range of exercise prices	6.71
High end of range of exercise prices	$ 6.71
Number Outstanding | shares	894,984
Weighted Average Remaining Contractual Life (Years), Options Outstanding	7 years 2 months 1 day
Weighted Average Exercise Price Per Share, Options Outstanding	$ 6.71
Number Exercisable | shares	199,115
Weighted Average Exercise Price Per Share, Options Exercisable	$ 6.71
$7.90 - $20.91
Information about stock options outstanding
Low end of range of exercise prices	7.90
High end of range of exercise prices	$ 20.91
Number Outstanding | shares	382,337
Weighted Average Remaining Contractual Life (Years), Options Outstanding	5 years 3 months 14 days
Weighted Average Exercise Price Per Share, Options Outstanding	$ 11.42
Number Exercisable | shares	328,557
Weighted Average Exercise Price Per Share, Options Exercisable	$ 12

Share-Based Incentive Plans (De

Share-Based Incentive Plans (Details 3) - Restricted Stock Awards - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Number of Shares
Outstanding at the beginning of year	1,433	1,090	762
Granted during year	1,037	981	941
Vested during year	(421)	(398)	(230)
Forfeited during year	(209)	(240)	(383)
Outstanding at the end of year	1,840	1,433	1,090
Weighted-Average Fair Value at Date of Grant
Outstanding at the beginning of year	$ 3.95	$ 6.57	$ 8.65
Granted during year	3.09	2.44	5.80
Vested during year	4.59	6.81	8.38
Forfeited during year	3.63	4.94	7.73
Outstanding at the end of year	$ 3.36	$ 3.95	$ 6.57

Share-Based Incentive Plans -_3

Share-Based Incentive Plans - Schedule of Recognized Share-Based Compensation Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based incentive plans
Share-based compensation	$ 3,536	$ 3,433	$ 4,184
Amounts capitalized in inventory	(1,114)	(1,280)	(1,497)
Share Based Compensation Amortization
Share-based incentive plans
Share-based compensation	3,488	3,349	4,114
Cost of Sales
Share-based incentive plans
Share-based compensation	$ 1,162	$ 1,364	$ 1,567

Operating Leases - Narrative (D

Operating Leases - Narrative (Details) $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)Lease	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Operating Leased Assets [Line Items]
Number of options available for store lease extensions | Lease	2
Period available under each store lease renewal option (in years)	5 years
Period after which leases for new stores can be terminated if the store does not deliver sales expectations	60 months
Rent expense | $	$ 121.5	$ 118.3	$ 108
Minimum
Operating Leased Assets [Line Items]
Initial term of the store lease (in years)	5 years
Maximum
Operating Leased Assets [Line Items]
Initial term of the store lease (in years)	10 years

Operating Leases - Future Minim

Operating Leases - Future Minimum Base Rent Payments Under Leases (Details) $ in Thousands	Jun. 30, 2019USD ($)
Future minimum rental payments under leases
2020	$ 91,354
2021	77,742
2022	66,669
2023	58,544
2024	51,342
Thereafter	127,468
Total minimum rental payments	$ 473,119

401(K) Profit Sharing Plan (Det

401(K) Profit Sharing Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Profit sharing plan
Contributions expensed	$ 1.4	$ 1.4	$ 1.3
Full-time Employees
Profit sharing plan
Eligible service period (in months)	1 month
Part-time Employees
Profit sharing plan
Eligible service period (in months)	12 months
Eligible minimum service period (in hours)	1000 hours
Minimum
Profit sharing plan
Employee's contribution (as a percent)	1.00%
Maximum
Profit sharing plan
Employee's contribution (as a percent)	75.00%
Match contribution by employer (as a percent)	4.00%

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of Basic and Diluted Loss Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net loss	$ (12,049)	$ (8,289)	$ 16,006	$ (8,109)	$ (10,296)	$ (8,080)	$ 8,592	$ (12,254)	$ (12,440)	$ (21,938)	$ (32,542)
Net loss attributable to common shares									$ (12,440)	$ (21,938)	$ (32,542)
Weighted average common shares outstanding—basic									44,719	44,282	43,943
Weighted average common shares outstanding—dilutive									44,719	44,282	43,943
Net loss per common share—basic	$ (0.27)	$ (0.18)	$ 0.35	$ (0.18)	$ (0.23)	$ (0.18)	$ 0.19	$ (0.28)	$ (0.28)	$ (0.50)	$ (0.74)
Net loss per common share—diluted	$ (0.27)	$ (0.18)	$ 0.35	$ (0.18)	$ (0.23)	$ (0.18)	$ 0.19	$ (0.28)	$ (0.28)	$ (0.50)	$ (0.74)

Quarterly Results of Operatio_3

Quarterly Results of Operations - Summary of Unaudited Quarterly Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 230,530	$ 210,984	$ 338,418	$ 227,313	$ 230,473	$ 223,296	$ 333,807	$ 218,756	$ 1,007,246	$ 1,006,332	$ 966,665
Gross profit	76,654	76,498	116,745	82,418	77,036	80,303	105,685	77,950	352,315	340,974	320,745
Operating income/(loss)	(11,434)	(7,811)	16,308	(7,588)	(9,443)	(7,789)	8,276	(11,994)	(10,525)	(20,950)	(32,280)
Net income/(loss)	$ (12,049)	$ (8,289)	$ 16,006	$ (8,109)	$ (10,296)	$ (8,080)	$ 8,592	$ (12,254)	$ (12,440)	$ (21,938)	$ (32,542)
Basic income/(loss) per share (in dollars per share)	$ (0.27)	$ (0.18)	$ 0.35	$ (0.18)	$ (0.23)	$ (0.18)	$ 0.19	$ (0.28)	$ (0.28)	$ (0.50)	$ (0.74)
Diluted income/(loss) per share (in dollars per share)	$ (0.27)	$ (0.18)	$ 0.35	$ (0.18)	$ (0.23)	$ (0.18)	$ 0.19	$ (0.28)	$ (0.28)	$ (0.50)	$ (0.74)

Dividend Restrictions - Narrati

Dividend Restrictions - Narrative (Details)	Jun. 30, 2019USD ($)
Condensed Financial Statements Captions [Line Items]
Retained earnings free of limitation on the payment of dividends	$ 0
Restricted net assets	13,000,000
Revolving Credit Facility
Condensed Financial Statements Captions [Line Items]
Availability under the credit facility	65,000,000
Maximum borrowing capacity	$ 180,000,000
Availability to be maintained under credit facility before restriction on investments, percentage	20.00%
Parent Company | Revolving Credit Facility
Condensed Financial Statements Captions [Line Items]
Availability under the credit facility	$ 65,000,000
Maximum borrowing capacity	$ 180,000,000
Availability to be maintained under credit facility before restriction on investments, percentage	20.00%

Dividend Restrictions - Condens

Dividend Restrictions - Condensed Statements of Position (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Current assets:
Total Current Assets	$ 256,500	$ 251,382
Noncurrent assets:
Total Assets	370,521	376,256
Current liabilities:
Total Current Liabilities	137,174	130,743
Total Liabilities	199,212	196,002
Stockholders’ equity:
Common stock	465	469
Additional paid-in capital	241,456	237,957
Retained deficit	(63,800)	(51,360)
Less: Treasury stock	(6,812)	(6,812)
Total Stockholders’ Equity	171,309	180,254	$ 198,839	$ 227,282
Total Liabilities and Stockholders’ Equity	370,521	376,256
Parent Company
Current assets:
Accounts receivable from subsidiaries	30,049	26,529
Total Current Assets	30,049	26,529
Noncurrent assets:
Investment in subsidiaries	141,260	153,725
Total noncurrent assets	141,260	153,725
Total Assets	171,309	180,254
Stockholders’ equity:
Common stock	465	469
Additional paid-in capital	241,456	237,957
Retained deficit	(63,800)	(51,360)
Less: Treasury stock	(6,812)	(6,812)
Total Stockholders’ Equity	171,309	180,254
Total Liabilities and Stockholders’ Equity	$ 171,309	$ 180,254

Dividend Restrictions - Conde_2

Dividend Restrictions - Condensed Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Condensed Income Statements Captions [Line Items]
Net sales	$ 230,530	$ 210,984	$ 338,418	$ 227,313	$ 230,473	$ 223,296	$ 333,807	$ 218,756	$ 1,007,246	$ 1,006,332	$ 966,665
Cost of sales									654,931	665,358	645,920
Gross profit	76,654	76,498	116,745	82,418	77,036	80,303	105,685	77,950	352,315	340,974	320,745
Selling, general and administrative expenses									362,840	361,924	353,025
Operating loss	(11,434)	(7,811)	16,308	(7,588)	(9,443)	(7,789)	8,276	(11,994)	(10,525)	(20,950)	(32,280)
Other income/(expense):
Interest expense									(2,461)	(2,061)	(1,485)
Other income, net									792	934	1,420
Loss before income taxes									(12,194)	(22,077)	(32,345)
Income tax provision/(benefit)									246	(139)	197
Net loss	$ (12,049)	$ (8,289)	$ 16,006	$ (8,109)	$ (10,296)	$ (8,080)	$ 8,592	$ (12,254)	(12,440)	(21,938)	(32,542)
Parent Company
Other income/(expense):
Net income/(loss) of subsidiaries									(12,440)	(21,938)	(32,542)
Net loss									$ (12,440)	$ (21,938)	$ (32,542)