$RGS
REGIS CORP

2020 Q2 Form 10-Q Financial Statement

#000071664320000030 Filed on June 18, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q2
Revenue $60.14M $153.8M $248.2M
YoY Change -75.77% -40.47% -17.38%
Cost Of Revenue $19.10M $76.50M $133.9M
YoY Change -85.74% 145.45% -31.4%
Gross Profit $41.10M $77.30M $114.3M
YoY Change -64.04% -65.97% 8.65%
Gross Profit Margin 68.34% 50.27% 46.05%
Selling, General & Admin $77.10M $86.00M $104.9M
YoY Change -26.5% -20.66% 32.62%
% of Gross Profit 187.59% 111.25% 91.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.500M $9.100M $8.600M
YoY Change 10.47% 15.19% -11.34%
% of Gross Profit 23.11% 11.77% 7.52%
Operating Expenses $86.50M $96.40M $113.4M
YoY Change -23.72% -17.11% 27.42%
Operating Profit -$68.57M -$59.40M -$1.835M
YoY Change 3636.62% 168.02% -113.69%
Interest Expense -$2.700M -$1.600M -$1.100M
YoY Change 145.45% 77.78% -650.0%
% of Operating Profit
Other Income/Expense, Net $148.0K
YoY Change -68.1%
Pretax Income -$71.90M -$68.82M -$10.40M
YoY Change 591.35% 495.18% -176.47%
Income Tax $1.300M -$979.0K -$5.100M
% Of Pretax Income
Net Earnings -$73.58M -$67.54M -$5.396M
YoY Change 1263.51% 361.57% -264.16%
Net Earnings / Revenue -122.33% -43.92% -2.17%
Basic Earnings Per Share -$2.05 -$1.88 -$0.14
Diluted Earnings Per Share -$2.05 -$1.88 -$0.14
COMMON SHARES
Basic Shares Outstanding 35.62M shares 35.57M shares 39.33M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.7M $241.0M $70.10M
YoY Change 62.2% 238.96% -36.5%
Cash & Equivalents $113.7M $241.0M $70.14M
Short-Term Investments
Other Short-Term Assets $19.14M $23.20M $33.22M
YoY Change -42.38% -28.4% -30.61%
Inventory $62.60M $59.03M $77.32M
Prepaid Expenses $5.165M $9.527M
Receivables $31.03M $27.60M $30.14M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $226.4M $350.9M $210.8M
YoY Change 7.4% 53.8% -27.32%
LONG-TERM ASSETS
Property, Plant & Equipment $57.18M $65.88M $78.09M
YoY Change -26.78% -21.22% -21.35%
Goodwill $227.5M $226.7M $345.7M
YoY Change -34.21% -40.12% -16.22%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $40.93M $38.23M $34.17M
YoY Change 19.8% 16.66% -9.16%
Total Long-Term Assets $1.116B $1.200B $472.0M
YoY Change 136.51% 134.89% -16.7%
TOTAL ASSETS
Total Short-Term Assets $226.4M $350.9M $210.8M
Total Long-Term Assets $1.116B $1.200B $472.0M
Total Assets $1.343B $1.551B $682.8M
YoY Change 96.65% 109.86% -20.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.92M $39.12M $47.53M
YoY Change 7.12% -31.39% -17.68%
Accrued Expenses $48.83M $43.48M $80.75M
YoY Change -39.54% -47.93% -19.82%
Deferred Revenue $8.157M $8.126M $7.407M
YoY Change 10.13% 10.66% -14.43%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $237.0M $232.1M $128.3M
YoY Change 84.76% 65.18% -19.04%
LONG-TERM LIABILITIES
Long-Term Debt $205.5M $301.2M $118.9M
YoY Change 72.83% 180.19% 32.11%
Other Long-Term Liabilities $94.14M $92.82M $111.4M
YoY Change -15.49% -19.39% -8.57%
Total Long-Term Liabilities $94.14M $92.82M $111.4M
YoY Change -15.49% -19.39% -8.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $237.0M $232.1M $128.3M
Total Long-Term Liabilities $94.14M $92.82M $111.4M
Total Liabilities $1.217B $1.353B $358.6M
YoY Change 239.41% 272.63% -3.16%
SHAREHOLDERS EQUITY
Retained Earnings $94.46M $167.6M $265.9M
YoY Change -64.48% -38.23% -5.06%
Common Stock $1.781M $1.778M $1.843M
YoY Change -3.36% -9.84% -18.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $125.7M $197.5M $324.2M
YoY Change
Total Liabilities & Shareholders Equity $1.343B $1.551B $682.8M
YoY Change 96.65% 109.86% -20.3%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q2
OPERATING ACTIVITIES
Net Income -$73.58M -$67.54M -$5.396M
YoY Change 1263.51% 361.57% -264.16%
Depreciation, Depletion And Amortization $9.500M $9.100M $8.600M
YoY Change 10.47% 15.19% -11.34%
Cash From Operating Activities -$35.40M -$31.70M $2.800M
YoY Change -1364.29% 226.8% -88.48%
INVESTING ACTIVITIES
Capital Expenditures -$5.400M -$15.10M -$8.400M
YoY Change -35.71% 135.94% -11.58%
Acquisitions
YoY Change
Other Investing Activities $3.700M $18.50M $40.20M
YoY Change -90.8% -39.34% 581.36%
Cash From Investing Activities -$1.700M $3.400M $31.70M
YoY Change -105.36% -85.95% -980.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -95.90M 212.6M -37.00M
YoY Change 159.19% -627.54% 138.71%
NET CHANGE
Cash From Operating Activities -35.40M -31.70M 2.800M
Cash From Investing Activities -1.700M 3.400M 31.70M
Cash From Financing Activities -95.90M 212.6M -37.00M
Net Change In Cash -133.0M 184.3M -2.500M
YoY Change 5220.0% -814.34% -148.08%
FREE CASH FLOW
Cash From Operating Activities -$35.40M -$31.70M $2.800M
Capital Expenditures -$5.400M -$15.10M -$8.400M
Free Cash Flow -$30.00M -$16.60M $11.20M
YoY Change -367.86% 403.03% -66.86%

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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Regis Corp
dei Entity Incorporation State Country Code
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MN
dei Entity Tax Identification Number
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3701 Wayzata Boulevard
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CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
905000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2344000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-606000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-77519000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-13728000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-100588000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-9436000 USD
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-2482000 USD
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-25000 USD
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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197536000 USD
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425010000 USD
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2512000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2019Q1 us-gaap Minority Interest Period Increase Decrease
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
375810000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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324245000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Stock Repurchased During Period Value
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2114000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Minority Interest Period Increase Decrease
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Stock Repurchased During Period Value
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7065000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Minority Interest Period Increase Decrease
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20000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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375810000 USD
us-gaap Net Income Loss
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-98244000 USD
us-gaap Net Income Loss
NetIncomeLoss
-8830000 USD
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-967000 USD
rgs Disposal Group Including Discontinued Operation Noncash Adjustment
DisposalGroupIncludingDiscontinuedOperationNoncashAdjustment
-163000 USD
us-gaap Depreciation Depletion And Amortization
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23635000 USD
us-gaap Depreciation Depletion And Amortization
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24727000 USD
us-gaap Deferred Income Tax Expense Benefit
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-6590000 USD
us-gaap Deferred Income Tax Expense Benefit
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2513000 USD
rgs Gain Loss On Disposition Of Assets Company Headquarters
GainLossOnDispositionOfAssetsCompanyHeadquarters
0 USD
rgs Gain Loss On Disposition Of Assets Salon Assets
GainLossOnDispositionOfAssetsSalonAssets
-21760000 USD
rgs Gain Loss On Disposition Of Assets Salon Assets
GainLossOnDispositionOfAssetsSalonAssets
10394000 USD
us-gaap Provision For Doubtful Accounts
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0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20711000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44529000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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3851000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
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3005000 USD
us-gaap Share Based Compensation
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2114000 USD
us-gaap Share Based Compensation
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7065000 USD
us-gaap Amortization Of Financing Costs And Discounts
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206000 USD
us-gaap Amortization Of Financing Costs And Discounts
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206000 USD
us-gaap Other Noncash Income Expense
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442000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
492000 USD
us-gaap Increase Decrease In Operating Capital
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38360000 USD
us-gaap Repayments Of Long Term Debt
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30000000 USD
us-gaap Increase Decrease In Operating Capital
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50074000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-51021000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20273000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32331000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23160000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipmentSalonAssets
87916000 USD
rgs Proceeds From Sale Of Property Plant And Equipment Salon Assets
ProceedsFromSaleOfPropertyPlantAndEquipmentSalonAssets
54619000 USD
rgs Costs Associated With Saleof Assets Investing Activities
CostsAssociatedWithSaleofAssetsInvestingActivities
1887000 USD
rgs Costs Associated With Saleof Assets Investing Activities
CostsAssociatedWithSaleofAssetsInvestingActivities
0 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
24617000 USD
rgs Proceeds From Sale Of Property Plant And Equipment Company Headquarters
ProceedsFromSaleOfPropertyPlantAndEquipmentCompanyHeadquarters
8996000 USD
rgs Proceeds From Sale Of Property Plant And Equipment Company Headquarters
ProceedsFromSaleOfPropertyPlantAndEquipmentCompanyHeadquarters
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
62694000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
56076000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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213000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Payments For Repurchase Of Common Stock
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105364000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1968000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
28246000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2447000 USD
us-gaap Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
18068000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
677000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
152109000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-89743000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-379000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
163403000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53935000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92379000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148774000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
255782000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94839000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:<div style="padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The unaudited interim Condensed Consolidated Financial Statements of Regis Corporation (the "Company") as of March 31, 2020 and for the three and nine months ended March 31, 2020 and 2019, reflect, in the opinion of management, all adjustments necessary to fairly state the consolidated financial position of the Company as of March 31, 2020 and its consolidated results of operations, comprehensive loss, changes in equity and cash flows for the interim periods. Adjustments consist only of normal recurring items, except for any discussed in the notes below. The results of operations and cash flows for any interim period are not necessarily indicative of results of operations and cash flows for the full year.</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, they do not include all disclosures required by accounting principles generally accepted in the United States of America (GAAP). The unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2019 and other documents filed or furnished with the SEC during the current fiscal year.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Impact of COVID-19 on Business Operations:</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">During the period ended March 31, 2020, the global coronavirus pandemic ("COVID-19") had an adverse impact on operations, including the closure of all company-owned salons and almost all franchise locations in March 2020 due to government mandates. Salons continued to be closed until April 23, 2020 when franchise salons began re-opening slowly, as government, state and local restrictions eased. As of June 15, 2020 approximately 76% of franchise salons were open. Company-owned salons were closed through May 21, 2020 and are gradually re-opening. As of June 15, 2020, approximately 45% of company-owned salons were open. As salons re-open, the Company is taking additional measures across its portfolio of franchise and company-owned salons to facilitate customer and employee safety. As a result, COVID-19 has and will continue to negatively affect revenue and profitability. To offset the loss of revenue, in April 2020, the Company implemented a furlough program for a substantial majority of the workforce across the corporate office, field support, and distribution centers; and reductions in the pay for executives and other working employees. Despite actions taken to resume business operations, COVID-19, and the volatile regional and global economic conditions stemming from the pandemic, as well as reactions to future pandemics or resurgences of COVID-19, could potentially prolong and intensify the impact of the global crisis on our business. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The economic disruption due to COVID-19 was determined to be a triggering event in the quarter and as a result, management assessed its long-term assets, including long-lived salon assets, right of use assets, goodwill and other intangibles for impairment. Impairments were recorded related to long-lived salon assets (Note 12) and goodwill (Notes 1 and 12). As the COVID-19 pandemic continues, management will reassess all long-term assets and further impairment may result.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Due to the COVID-19 pandemic, the Company is relying on the Securities and Exchange Commission's Order under Section 36 of the Securities Exchange Act of 1934 Modifying Exemptions From the Reporting and Proxy Delivery Requirements for Public Companies dated March 25, 2020 (Release No. 34-88465) to extend the filing of this Quarterly Report. The Company is relying on the Order due to the limited availability of key Company personnel required to complete the Form 10-Q due to the Company's employee furlough program, as well as suggested and mandated social quarantining and work from home orders. Additionally, the Company's management team was not able to initially devote the requisite time and attention to the Form 10-Q, as it had to address the emergent business and operational issues resulting from COVID-19.</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Goodwill:</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">At the end of the period ended March 31, 2020, the Company determined a triggering event occurred, resulting in quantitative impairment tests performed over the goodwill. This determination was made considering the reduced sales and profitability projections for the reporting units, driven by the COVID-19 pandemic and related economic disruption.</span></div><div style="margin-top:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The triggering events experienced in the third quarter impacted both reporting units of the business, Franchise and Company-owned. Due to the Company's emphasis on transitioning to a franchise platform, the Company engaged a third-party valuation specialist to perform an impairment analysis on the Franchise reporting unit of the business. Conversely, the Company-owned reporting unit is comprised of a portfolio of salons that the Company intends to sell to franchisees or close in the short-term as part of the transition to a fully-franchised model. As a result, the Company-owned reporting unit has a limited life which allows the Company to perform its own impairment analysis on the Company-owned reporting unit. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">For the goodwill impairment analysis, management utilized a combination of both a discounted cash flows approach and market approach to evaluate the Franchise reporting unit, and the discounted cash flows approach to evaluate the Company-owned reporting unit. The discounted cash flow models reflect management's assumptions regarding revenue growth rates, economic and market trends including deterioration from the current COVID-19 pandemic, cost structure, and other expectations about the anticipated short-term and long-term operating results of the reporting units. For the Franchise reporting unit, the discount rate of 13 percent and the terminal growth rate of 2.5 percent were also key assumptions utilized in the discounted cash flow. For the Company-owned reporting unit, proceeds from the sale of salons to franchisees and number of salon venditions were the other key assumptions utilized in its discounted cash flow. For the analysis performed as of March 31, 2020, management decreased the expected proceeds generated from the sale of salons to franchisees and increased the expected number of salon closures as compared to the analysis performed as of April 30, 2019. The decline in expected proceeds and increase in salon closings is due to the economic downturn resulting from the COVID-19 pandemic. The analysis also included substantially zero revenue in April and May 2020 and lower than previously expected revenue for the rest of calendar year 2020, which significantly reduced the expected cash flows.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">As a result of the impairment testing, the Franchise reporting unit, which has goodwill of $226.7 million, was determined to have a fair value that exceeded carrying value by approximately 50 percent. The Company-owned reporting unit was determined to have a carrying value in excess of its fair value, resulting in a goodwill impairment charge of $44.5 million. Prior to the COVID-19 pandemic, the Company had been derecognizing Company-owned goodwill as part of the calculation of gain or loss on the sale of salons to franchisees. In the three and nine months ended March 31, 2020, the Company derecognized $19.8 and $72.6 million of goodwill, respectively. The Company-owned reporting unit has no remaining goodwill, so there will be no further derecognition of Company-owned goodwill.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Non-Current Assets Held for Sale:</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">In March 2019, the Company announced that it had entered into a <span style="-sec-ix-hidden:id3VybDovL2RvY3MudjEvZG9jOjRjMzQxZmEyN2U4NjQwMzQ4ZDk4NDhjOTRiOWRkYWZiL3NlYzo0YzM0MWZhMjdlODY0MDM0OGQ5ODQ4Yzk0YjlkZGFmYl8zNy9mcmFnOmIyMzdlY2QwZGVmYTQ0YmM4YTFjOTVmZmRmYTFjN2VkL3RleHRyZWdpb246YjIzN2VjZDBkZWZhNDRiYzhhMWM5NWZmZGZhMWM3ZWRfMzI5ODUzNDg5MTc3NA_56d477f3-beab-4953-92ce-1a68fdf6ccd3">ten</span>-year lease for a new corporate headquarters and would be selling the land and buildings currently used for its headquarters. The non-current assets held for sale represent the net book value of the land of $1.7 million and buildings of $3.6 million, as of June 30, 2019. The sale was completed in December 2019 for proceeds of $9.0 million, resulting in a net gain on sale of $2.5 million, which was recorded in Interest income and other, net on the Condensed Consolidated Statement of Operations. In the three month period ended March 31, 2020, the Company recognized $1.5 million of incremental charges in Interest income and other, net which corrected and reduced the gain on sale of the Company’s former headquarters that was recorded in the second quarter of fiscal year 2020. The $2.5 million net gain on sale includes the adjustment. Management evaluated the effect of this out-of-period adjustment on the three and nine month periods ended March 31, 2020, as well as on the previous interim period in which it should have been recognized and concluded for both quantitative and qualitative reasons that the adjustment is not material to any of the periods affected.</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Accounting Standards Recently Adopted by the Company:</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Simplifying the Test for Goodwill Impairment</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company adopted ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350)" for the interim impairment test performed due to the triggering event noted above, as of March 31, 2020. Under this accounting standard, the Company performed its interim impairment test and will perform its annual impairment test by comparing the fair value of a reporting unit to its carrying amount. The Company then records an impairment charge for the amount that the carrying amount exceeds the fair value. This eliminates Step 2 from the goodwill impairment test to simplify the subsequent measure of goodwill.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Leases</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company adopted ASU 2016-02, "Leases (Topic 842)” and all subsequent ASUs that modified Topic 842 as of July 1, 2019 using the modified retrospective method and elected the option to not restate comparative periods in the year of adoption. The Company also elected the package of practical expedients that do not require reassessment of whether existing contracts are or contain leases, lease classifications or initial direct costs. The Company has also made an accounting policy election to keep leases with an initial term of 12 months or less off the Balance Sheet.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Under adoption of Topic 842, the Company recorded a Right of Use Asset and Lease Liability of $980.8 and $993.7 million, respectively. The difference between the assets and liabilities are attributable to the reclassification of certain existing lease-related assets and liabilities as an adjustment to the right of use assets. The Lease Liability reflects the present value of the Company's estimated future minimum lease payments over the lease term, which includes one option period, as options are reasonably assured of being exercised, are discounted using a collateralized incremental borrowing rate. The decrease in the Right of Use Asset and Lease Liability from July 1, 2019 to March 31, 2020 was due to lease modifications and salon closures. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The accounting guidance for lessors remained largely unchanged from previous guidance, with the exception of the presentation of rent payments that the Company passes through to franchisees (lessees). Historically, these costs have been recorded on a net basis in the unaudited Condensed Consolidated Statements of Operations, but are now presented on a gross basis upon adoption of the new guidance. The adoption of the new guidance resulted in the recognition of franchise rental income and rent expense of $31.8 and $96.9 million during the three and nine months ended March 31, 2020, respectively. See Note 10 for further information about our transition to Topic 842 and the newly required disclosures. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</span></div>In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (AOCI), which provides the option to reclassify to retained earnings the tax effects resulting from the Tax Act related to items in AOCI. The Company adopted this guidance on July 1, 2019 and did not elect to reclassify the income tax effects from the Tax Act from AOCI to retained earnings as the impact was not material.
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44500000 USD
CY2019Q4 rgs Proceeds From Sale Of Property Plant And Equipment Company Headquarters
ProceedsFromSaleOfPropertyPlantAndEquipmentCompanyHeadquarters
9000000.0 USD
CY2019Q4 rgs Gain Loss On Disposition Of Assets Company Headquarters
GainLossOnDispositionOfAssetsCompanyHeadquarters
2500000 USD
CY2020Q1 rgs Gain Loss On Disposition Of Assets Adjustment Company Headquarters
GainLossOnDispositionOfAssetsAdjustmentCompanyHeadquarters
-1500000 USD
CY2019Q4 rgs Gain Loss On Disposition Of Assets Company Headquarters
GainLossOnDispositionOfAssetsCompanyHeadquarters
2500000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
31800000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31800000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
96900000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
96900000 USD
CY2020Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
16083000 USD
CY2019Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
23210000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
21193000 USD
CY2019Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
17819000 USD
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8126000 USD
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7407000 USD
CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
45661000 USD
CY2019Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
39367000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2600000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2000000.0 USD
CY2019Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
17819000 USD
rgs Capitalized Contract Cost New Contract Additions
CapitalizedContractCostNewContractAdditions
5499000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2092000 USD
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
33000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
21193000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1359000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5348000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5228000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5051000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4816000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
17485000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
39287000 USD
CY2019Q4 rgs Numberof Stores Transferred
NumberofStoresTransferred
207 salon
CY2019Q4 rgs Numberof Stores Transferred
NumberofStoresTransferred
207 salon
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1023038 shares
CY2019Q4 rgs Numberof Stores Transferred
NumberofStoresTransferred
207 salon
CY2020Q1 rgs Disposal Group Lease Commitments
DisposalGroupLeaseCommitments
26000000 USD
rgs Disposal Group Increase Decrease In Lease Commitments
DisposalGroupIncreaseDecreaseInLeaseCommitments
-15000000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1006589 shares
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-0.0 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7100000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1500000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
26400000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
54600000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2253000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3248000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5904000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2988000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.029
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.281
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.056
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.252
rgs Cares Act Net Tax Expense Benefit
CARESActNetTaxExpenseBenefit
14700000 USD
CY2020Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
400000 USD
CY2020Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
2100000 USD
CY2019Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1500000 USD
CY2020Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2100000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M9D
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
241037000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70141000 USD
CY2020Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
14745000 USD
CY2019Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
22238000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
255782000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92379000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
345718000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1922000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
72601000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44529000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
226666000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22620000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7568000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
31065000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22304000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30188000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8761000 USD
CY2020Q1 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P5Y
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
31800000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31800000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
96900000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
96900000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0395
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
46593000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
31959000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeRemainderOfFiscalYear
14634000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
175312000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
121831000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income Year Two
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeYearTwo
53481000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
155565000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
111239000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income Year Three
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeYearThree
44326000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
139508000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
100687000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeYearFour
38821000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
125162000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
90582000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income Year F Ive
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeYearFIve
34580000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
359271000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
257841000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income Thereafter
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeThereafter
101430000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1001411000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
714139000 USD
CY2020Q1 rgs Lessee Operating Lease Liability Payments Net Of Sublease Income
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncome
287272000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
124684000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
876727000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
149482000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
727245000 USD
CY2020Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
241000000.0 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
255800000 USD
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
232100000 USD
CY2020Q1 us-gaap Loans Payable
LoansPayable
28233000 USD
CY2019Q2 us-gaap Loans Payable
LoansPayable
28910000 USD
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
900000 USD
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y10M24D
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0346
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
300000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
800000 USD
CY2020Q1 rgs Number Of Franchisees
NumberOfFranchisees
955 franchisee
CY2019Q2 rgs Number Of Franchisees
NumberOfFranchisees
907 franchisee
CY2020Q1 us-gaap Number Of Stores
NumberOfStores
7026 salon
CY2019Q2 us-gaap Number Of Stores
NumberOfStores
7145 salon
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31821000 USD
CY2020Q1 us-gaap Revenues
Revenues
153783000 USD
CY2020Q1 rgs Site Operating Expenses
SiteOperatingExpenses
3660000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31871000 USD
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
280505000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-22162000 USD
CY2019Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1354000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11489000 USD
CY2020Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
10359000 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
146000 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44529000 USD
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
218125000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-64342000 USD
CY2020Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1712000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-10208000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1329000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-77591000 USD
CY2020Q1 rgs Cooperative Advertising Income
CooperativeAdvertisingIncome
14900000 USD
CY2020Q1 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
14900000 USD
CY2019Q1 us-gaap Revenues
Revenues
258343000 USD
CY2019Q1 rgs Site Operating Expenses
SiteOperatingExpenses
34339000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41694000 USD
CY2019Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
8630000 USD
CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
20711000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
464000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-11563000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
135257000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
96875000 USD
us-gaap Revenues
Revenues
609586000 USD
rgs Site Operating Expenses
SiteOperatingExpenses
62932000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
105187000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
27486000 USD
us-gaap Restructuring Charges
RestructuringCharges
2368000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44529000 USD
us-gaap Costs And Expenses
CostsAndExpenses
691300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-81714000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
4615000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-21760000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3188000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-104901000 USD
us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
14900000 USD
rgs Cooperative Advertising Income
CooperativeAdvertisingIncome
14900000 USD
us-gaap Revenues
Revenues
820849000 USD
rgs Site Operating Expenses
SiteOperatingExpenses
106723000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
27732000 USD
us-gaap Restructuring Charges
RestructuringCharges
20711000 USD
us-gaap Costs And Expenses
CostsAndExpenses
841133000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-20284000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
3432000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
10394000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1453000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-11869000 USD

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