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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
16. SEGMENT INFORMATION (Continued)
139
For the Year Ended June 30, 2010
Salons
Hair
Restoration
Centers
Unallocated
Corporate
North America
International
Consolidated
(Dollars in thousands)
Revenues:
Service
$
1,605,979
$
111,833
$
66,325
$
—
$
1,784,137
Product
417,363
44,252
72,978
—
534,593
Royalties and fees
37,221
—
2,483
—
39,704
2,060,563
156,085
141,786
—
2,358,434
Operating expenses:
Cost of service
920,905
57,657
37,158
—
1,015,720
Cost of product
219,745
22,570
21,568
—
263,883
Site operating expenses
183,881
10,152
5,305
—
199,338
General and
administrative
113,956
13,115
36,207
128,713
291,991
Rent
294,263
38,681
9,013
2,141
344,098
Depreciation and
amortization
72,681
4,986
12,198
18,899
108,764
Goodwill impairment
35,277
—
—
—
35,277
Lease termination costs
—
2,145
—
—
2,145
Total operating expenses
1,840,708
149,306
121,449
149,753
2,261,216
Operating income (loss)
219,855
6,779
20,337
(149,753
)
97,218
Other income (expense):
Interest expense
—
—
—
(
54,414
)
(54,414
)
Interest income and other,
net
—
—
—
10,410
10,410
Income (loss) from
continuing operations
before income taxes and
equity in income (loss)
of affiliated companies
$
219,855
$
6,779
$
20,337
$
(193,757
)
$
53,214
Total assets
$
992,410
$
74,633
$
284,615
$
567,914
$
1,919,572
Long
-
lived assets
262,575
15,654
17,484
63,537
359,250
Capital expenditures
40,393
1,764
3,658
12,006
57,821
Purchases of salon assets
3,664
—
—
—
3,664