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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
16. SEGMENT INFORMATION (Continued)
140
For the Year Ended June 30, 2009(1)
Salons
Hair
Restoration
Centers
Unallocated
Corporate
North America
International
Consolidated
(Dollars in thousands)
Revenues:
Service
$
1,646,239
$
122,664
$
65,055
$
—
$
1,833,958
Product
434,340
48,905
72,960
—
556,205
Royalties and fees
37,119
—
2,505
—
39,624
2,117,698
171,569
140,520
—
2,429,787
Operating expenses:
Cost of service
944,782
64,326
35,611
—
1,044,719
Cost of product
235,520
25,855
21,663
—
283,038
Site operating expenses
173,457
11,762
5,237
—
190,456
General and
administrative
117,673
15,720
33,924
124,344
291,661
Rent
292,253
44,492
8,887
2,160
347,792
Depreciation and
amortization
73,395
12,492
11,327
18,441
115,655
Goodwill impairment
—
41,661
—
—
41,661
Lease termination costs
4,990
742
—
—
5,732
Total operating expenses
1,842,070
217,050
116,649
144,945
2,320,714
Operating income (loss)
275,628
(45,481
)
23,871
(144,945
)
109,073
Other income (expense):
Interest expense
—
—
—
(
39,768
)
(39,768
)
Interest income and other,
net
—
—
—
9,461
9,461
Income (loss) from
continuing operations
before income taxes and
equity in (loss) income
of affiliated companies
$
275,628
$
(45,481
)
$
23,871
$
(175,252
)
$
78,766
Total assets
$
966,596
$
49,779
$
293,017
$
583,094
$
1,892,486
Long
-
lived assets
281,504
20,314
18,234
71,486
391,538
Capital expenditures
49,355
3,081
9,858
11,280
73,574
Purchases of salon assets
39,215
22
889
—
40,126
(1) Beginning with the period ended December 31, 2008, the operations of Trade Secret concept within the North American
reportable segment were accounted for as discontinued operations. All comparable periods will reflect Trade Secret as
discontinued operations. See further discussion at Note 2 to the Consolidated Financial Statements.