Software and website development costs, net

501,115

511,947

56,279

48,470

Deferred tax assets

66,753

48,004

Other current liabilities

542,369

514,963

Intangible assets, net

250,593

275,924

Other assets

44,994

34,560

Total assets

1,709,853

1,679,869

Current liabilities:

Accounts payable

147,089

127,386

Accrued expenses

210,407

175,567

Deferred revenue

34,991

30,372

Short-term debt

^[1]

26,214

28,926

42,922

78,435

Liabilities held for sale

8,797

Total current liabilities

461,623

449,483

Deferred tax liabilities

56,089

60,743

Lease financing obligation

103,737

106,606

Long-term debt

786,401

847,730

Other liabilities

120,610

94,683

Total liabilities

1,528,460

1,559,245

Temporary equity

Redeemable noncontrolling interests

87,805

45,412

Shareholders’ equity:

Preferred shares, par value €0.01 per share, 100,000,000 shares authorized; none issued and outstanding

Ordinary shares, par value €0.01 per share, 100,000,000 shares authorized; 44,080,627 shares issued; and 30,714,481 and 31,415,503 shares outstanding, respectively

615

Treasury shares, at cost, 13,366,146 and 12,665,124 shares, respectively

(675,536)

(588,365)

Additional paid-in capital

390,758

361,376

Retained earnings

459,940

414,771

Total shareholders’ equity attributable to Cimpress N.V.

(82,476)

(113,398)

93,301

74,999

Noncontrolling Interest (Note 10)

287

213

Total shareholders' equity

93,588

75,212

Total liabilities, noncontrolling interests and shareholders’ equity

$ 1,709,853

$ 1,679,869

[1]	Balances as of March 31, 2018 and June 30, 2017 are inclusive of short-term debt issuance costs and debt discounts of $1,846 and $1,693, respectively

Consolidated Balance Sheets (Parenthetical) $ in Thousands	Mar. 31, 2018 USD ($) shares	Mar. 31, 2018 € / shares	Jun. 30, 2017 USD ($) shares	Jun. 30, 2017 € / shares
Current Assets
Allowance for doubtful accounts receivable, current \| $	$ 7,520		$ 3,590
Stockholders' Equity
Preferred shares, par value \| € / shares		€ 0.01		€ 0.01
Preferred shares, shares authorized	100,000,000		100,000,000
Preferred shares, shares issued	0		0
Preferred shares, shares outstanding	0		0
Ordinary shares, par value \| € / shares		€ 0.01		€ 0.01
Ordinary shares, shares authorized	100,000,000		100,000,000
Ordinary shares, shares issued	44,080,627		44,080,627
Common Stock, Shares, outstanding	30,714,481		31,415,503
Treasury shares, shares	13,366,146		12,665,124

Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2018

Mar. 31, 2017

Mar. 31, 2018

Mar. 31, 2017

Revenue

$ 636,069

$ 550,585

$ 1,961,407

$ 1,571,149

Cost of revenue (1)

^[1]

319,209

268,482

963,249

757,898

Technology and development expense (1)

^[1]

61,267

63,236

182,598

178,528

Marketing and selling expense (1)

^[1]

179,591

167,284

546,469

451,310

General and administrative expense (1)

^[1]

44,103

45,730

127,869

150,471

Amortization of acquired intangible assets

12,941

13,450

38,132

33,542

Restructuring expense (1)

^[1]

2,331

24,790

14,686

25,890

Gain on sale of subsidiaries

(47,545)

Impairment of goodwill and acquired intangible assets

9,556

Income (loss) from operations

16,627

(41,943)

135,949

(36,046)

Other (expense) income, net

(1,558)

(6,582)

(25,602)

21,835

Interest expense, net

(12,652)

(11,584)

(38,263)

(31,119)

Income (loss) before income taxes

2,417

(60,109)

72,084

(45,330)

Income tax expense (benefit)

4,019

(17,431)

19,657

(7,644)

Net (loss) income

(1,602)

(42,678)

52,427

(37,686)

Add: Net (income) loss attributable to noncontrolling interest

(663)

(256)

(1,394)

677

Net (loss) income attributable to Cimpress N.V.

$ (2,265)

$ (42,934)

$ 51,033

$ (37,009)

Basic net (loss) income per share attributable to Cimpress N.V.

$ (0.07)

$ (1.38)

$ 1.65

$ (1.18)

Diluted net (loss) income per share attributable to Cimpress N.V.

$ (0.07)

$ (1.38)

$ 1.58

$ (1.18)

Weighted average shares outstanding — basic

30,724,018

31,103,388

30,992,066

31,323,451

Weighted average shares outstanding — diluted

30,724,018

31,103,388

32,276,520

31,323,451

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

$ 13,492

$ 12,797

$ 33,718

$ 35,645

Cost of revenue

Technology and development expense

105

240

209

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

Marketing and selling expense

3,242

1,123

7,916

6,566

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

General and administrative expense

2,138

1,242

4,981

3,542

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

7,289

4,084

19,254

19,071

Restructuring expense (1)

2,331

24,790

14,686

25,890

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

Summary of Significant Accounting Policies

$ 718

$ 6,257

$ 1,327

$ 6,257

[1]	Share-based compensation is allocated as follows:

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Other comprehensive (loss) income, net of tax:
Net income (loss)	$ (1,602)	$ (42,678)	$ 52,427	$ (37,686)
Foreign currency translation gain (loss)	(8,799)	14,884	32,651	(23,086)
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	8,408	(426)	12,822	7,049
Amounts reclassified from accumulated other comprehensive loss to net (loss) income on derivative instruments	(2,416)	895	(6,550)	(4,698)
Unrealized loss on available-for-sale-securities	0	0	0	(5,756)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income for realized gains on available-for-sale securities	0	0	0	2,268
Gain on pension benefit obligation, net	0	2,185	0	2,221
Comprehensive (loss) income	(4,409)	(25,140)	91,350	(59,688)
Add: Comprehensive (income) loss attributable to noncontrolling interests	(2,343)	(778)	(7,077)	3,847
Total comprehensive (loss) income attributable to Cimpress N.V.	$ (6,752)	$ (25,918)	$ 84,273	$ (55,841)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating activities
Net income (loss)	$ 52,427	$ (37,686)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	127,120	115,784
Impairment of goodwill and acquired intangible assets	0	9,556
Share-based compensation expense	33,718	35,645
Deferred taxes	(9,552)	(37,849)
Gain on sale of subsidiaries	(47,545)	0
Change in contingent earn-out liability	1,774	27,364
Marketable Securities, Realized Gain	0	(2,268)
Unrealized loss on derivatives not designated as hedging instruments included in net income (loss)	9,246	839
Payments of contingent consideration in excess of acquisition date fair value	(4,639)	0
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	5,211	(7,215)
Other non-cash items	2,129	4,123
Changes in operating assets and liabilities:
Accounts receivable	(14,696)	3,434
Inventory	(12,104)	(7,136)
Prepaid expenses and other assets	136	2,389
Accounts payable	18,448	9,908
Accrued expenses and other liabilities	(17,040)	6,756
Net cash provided by operating activities	144,633	123,644
Investing activities
Purchases of property, plant and equipment	(47,441)	(56,916)
Proceeds from the sale of subsidiaries, net of transaction costs and cash divested	93,779	0
Business acquisitions, net of cash acquired	(110)	(204,875)
Purchases of intangible assets	(308)	(110)
Capitalization of software and website development costs	(29,476)	(28,678)
Proceeds from sale of available-for-sale securities	0	6,346
Other investing activities	(2,465)	6,727
Net cash provided by (used in) investing activities	13,979	(277,506)
Financing activities
Proceeds from borrowings of debt	590,508	612,004
Payments of debt and debt issuance costs	(659,404)	(398,282)
Payments of purchase consideration included in acquisition-date fair value	(2,105)	(539)
Payments of withholding taxes in connection with equity awards	(3,080)	(10,816)
Payments of capital lease obligations	(13,779)	(12,029)
Purchase of ordinary shares	(94,710)	(50,008)
Purchase of noncontrolling interests	0	(20,230)
Proceeds from issuance of ordinary shares	11,516	331
Issuance of loans	(16,500)	0
Capital contribution from noncontrolling interest	35,390	0
Capital contribution from noncontrolling interest	0	1,404
Other financing activities	0	1,281
Net cash (used in) provided by financing activities	(152,164)	123,116
Effect of exchange rate changes on cash	5,691	(3,213)
Increase in cash held for sale	12,042	0
Net increase (decrease) in cash and cash equivalents	24,181	(33,959)
Cash and cash equivalents at beginning of period	25,697	77,426
Cash and cash equivalents at end of period	49,878	43,467
Supplemental disclosures of cash flow information:
Interest	33,856	27,430
Income taxes	17,888	35,967
Property and equipment acquired under capital leases	531	12,099
Amounts accrued related to business acquisitions	$ 3,864	$ 31,613

Description of the Business	9 Months Ended
Description of the Business	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business We are a technology driven company that aggregates, largely via the internet, large volumes of small, individually customized orders for a broad spectrum of print, signage, apparel and similar products. We operate in a largely decentralized manner. Our businesses fulfill orders with manufacturing capabilities that include Cimpress owned and operated manufacturing facilities and a network of third-party fulfillers to create customized products on demand. Those businesses bring their products to market through a portfolio of customer-focused brands serving the needs of micro, small and medium sized businesses, resellers and consumers. These brands include Vistaprint, our global brand for micro business marketing products and services, as well as brands that we have acquired that serve the needs of various market segments, including resellers, micro, small and medium sized businesses with differentiated service needs, and consumers purchasing products for themselves and their families.

Summary of Significant Accounting Policies

9 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and, accordingly, do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting primarily of normal recurring accruals, considered necessary for fair presentation of the results of operations for the interim periods reported and of our financial condition as of the date of the interim balance sheet have been included.

The consolidated financial statements include the accounts of Cimpress N.V., its wholly owned subsidiaries, entities in which we maintain a controlling financial interest, and those entities in which we have a variable interest and are the primary beneficiary. Intercompany balances and transactions have been eliminated.

Operating results for the three and nine months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending June 30, 2018 or for any other period. The consolidated balance sheet at June 30, 2017 has been derived from our audited consolidated financial statements at that date but does not include all of the information and notes required by GAAP for complete financial statements. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended June 30, 2017 included in our Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the “SEC”).

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We believe our most significant estimates are associated with the ongoing evaluation of the recoverability of our long-lived assets and goodwill, estimated useful lives of assets, share-based compensation, accounting for business combinations, and income taxes and related valuation allowances, among others. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results could differ from those estimates.

Share-based compensation

Total share-based compensation costs were $13,492 and $33,718 for the three and nine months ended March 31, 2018, respectively, and $12,797 and $35,645 for the three and nine months ended March 31, 2017, respectively.

During the first quarter of fiscal 2018, we issued supplemental performance share unit awards to certain members of management. In addition to a service vesting and market condition (based on the three year moving average of the Cimpress share price) contained in our standard performance share units, these supplemental awards also contain a multi-year financial performance condition. The evaluation of achievement of the performance condition is at the discretion of the Compensation Committee and, therefore, the awards are subject to mark-to-market accounting throughout the three year performance vesting period. The compensation expense for these awards is estimated at fair value using a Monte Carlo simulation valuation model and compensation costs are recorded only if it is probable that the performance condition will be achieved. We continue to conclude that the performance condition is probable of achievement and for the three and nine months ended March 31, 2018, we recognized $5,615 and $9,925 of share-based compensation expense, respectively. We will continue to reassess the probability each reporting period and if we determine the awards are not probable at some point during the performance vesting period we would reverse any expense recognized to date.

Sale of Albumprinter

On August 31, 2017 we sold our Albumprinter business, including FotoKnudsen AS, for a total of €78,382 ($93,071 based on the exchange rate as of the date of sale) in cash, net of transaction costs and cash divested (after $11,874 in pre-closing dividends). As a result of the sale, we recognized a gain of $47,545, net of transaction costs, within our consolidated statement of operations for the nine months ended March 31, 2018.

The transaction did not qualify for discontinued operations presentation, and as of June 30, 2017, the Albumprinter business assets and liabilities were presented as held-for-sale in our consolidated balance sheet. In connection with the divestiture, we entered into an agreement with Albumprinter under which Albumprinter will continue to fulfill photo book orders for our Vistaprint business. Additionally, we agreed to provide Albumprinter with certain transitional support services for a period of up to one year from the date of the sale.

Foreign Currency Translation

Our non-U.S. dollar functional currency subsidiaries translate their assets and liabilities denominated in their functional currency to U.S. dollars at current rates of exchange in effect at the balance sheet date, and revenues and expenses are translated at average rates prevailing throughout the period. The resulting gains and losses from translation are included as a component of accumulated other comprehensive loss. Transaction gains and losses and remeasurement of assets and liabilities denominated in currencies other than an entity’s functional currency are included in other (expense) income, net in our consolidated statements of operations.

Other (expense) income, net

The following table summarizes the components of other (expense) income, net:



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
(Losses) gains on derivatives not designated as hedging instruments (1)	$	(9,102	)	$	(817	)	$	(19,103	)	$	12,737
Currency-related gains (losses), net (2)	7,519			(6,304		)	(7,133		)	5,719
Other gains (3)	25			539			634			3,379
Total other (expense) income, net	$	(1,558	)	$	(6,582	)	$	(25,602	)	$	21,835

_____________________

(1) Primarily relates to both realized and unrealized (losses) gains on derivative currency forward and option contracts not designated as hedging instruments.

(2) We have significant non-functional currency intercompany financing relationships that we may change at times and are subject to currency exchange rate volatility. The currency-related gains (losses), net for the three and nine months ended March 31, 2018 and 2017 are primarily driven by this intercompany activity. In addition, we have certain cross-currency swaps designated as cash flow hedges, which hedge the remeasurement of certain intercompany loans, both presented in the same component above. Unrealized losses related to cross-currency swaps were $3,582 and $9,708 for the three and nine months ended March 31, 2018, respectively, and unrealized losses of $1,709 and gains of $4,684 for the three and nine months ended March 31, 2017, respectively.

(3) During the nine months ended March 31, 2017, we recognized a gain of $2,268 related to the sale of Plaza Create Co. Ltd. available for sale securities.

Net (Loss) Income Per Share Attributable to Cimpress N.V.

Basic net (loss) income per share attributable to Cimpress N.V. is computed by dividing net (loss) income attributable to Cimpress N.V. by the weighted-average number of ordinary shares outstanding for the respective period. Diluted net (loss) income per share attributable to Cimpress N.V. gives effect to all potentially dilutive securities, including share options, restricted share units (“RSUs”), restricted share awards ("RSAs") and performance share units ("PSUs"), if the effect of the securities is dilutive using the treasury stock method. Awards with performance or market conditions are included using the treasury stock method only if the conditions would have been met as of the end of the reporting period and their effect is dilutive.

The following table sets forth the reconciliation of the weighted-average number of ordinary shares:



	Three Months Ended March 31,		Nine Months Ended March 31,
	2018	2017	2018	2017
Weighted average shares outstanding, basic	30,724,018	31,103,388	30,992,066	31,323,451
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs (1)	—	—	1,284,454	—
Shares used in computing diluted net (loss) income per share attributable to Cimpress N.V.	30,724,018	31,103,388	32,276,520	31,323,451
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress N.V.	1,448,530	1,262,902	3,054	1,379,481

______

(1) In the periods in which a net loss is recognized, the impact of share options, RSUs, and RSAs is not included as they are anti-dilutive.

Waltham Lease Arrangement

In July 2013, we executed a lease agreement to move our Lexington, Massachusetts, USA operations to a then yet to be constructed facility in Waltham, Massachusetts, USA. During the first quarter of fiscal 2016, the building was completed and we commenced lease payments in September 2015 and will make lease payments through September 2026.

For accounting purposes, we were deemed to be the owner of the Waltham building during the construction period, and accordingly we recorded the construction project costs incurred by the landlord as an asset with a corresponding financing obligation on our balance sheet. We evaluated the Waltham lease in the first quarter of fiscal 2016 and determined that the transaction did not meet the criteria for "sale-leaseback" treatment due to our planned subleasing activity over the term of the lease. Accordingly, we began depreciating the asset and incurring interest expense related to the financing obligation recorded on our consolidated balance sheet. We bifurcate the lease payments pursuant to the Waltham lease into (i) a portion that is allocated to the building and (ii) a portion that is allocated to the land on which the building was constructed. The portion of the lease obligations allocated to the land is treated as an operating lease that commenced in fiscal 2014.

Property, plant and equipment, net, included $112,956 and $116,045 as of March 31, 2018 and June 30, 2017, respectively, related to the building. The financing lease obligation and deferred rent credit related to the building on our consolidated balance sheets was $116,307 and $119,176 as of March 31, 2018 and June 30, 2017, respectively.

Treasury Shares

Treasury shares are accounted for using the cost method and are included as a component of shareholders' equity. During the nine months ended March 31, 2018 and 2017, we repurchased 895,377 and 593,763, respectively, of our ordinary shares for a total cost of $94,710 and $50,008, respectively, inclusive of transaction costs, in connection with our publicly announced share repurchase programs.

Recently Issued or Adopted Accounting Pronouncements

New Accounting Standards Adopted

In October 2016, the FASB issued Accounting Standards Update No. 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory" (ASU 2016-16), which requires the recognition for income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. We elected to early adopt the new standard during the first quarter of fiscal 2018, and recognized a reduction to prepaid and other current assets of $24,573, an increase in deferred tax assets of $18,710 and a cumulative-effect adjustment to retained earnings of $5,863. If we had not early adopted, the forecasted fiscal 2018 tax expense would be lower by $9,787.

Issued Accounting Standards to be Adopted

In August 2017, the FASB issued Accounting Standards Update No. 2017-12, "Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (Topic 815)," (ASU 2017-12), which better aligns a company’s financial reporting for hedging activities with the economic objectives of those activities. The amendment is effective for us on July 1, 2019 and permits early adoption, including adoption in an interim period. The standard requires a modified retrospective transition approach, in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the date of adoption. We do not expect this standard to have material impact on our consolidated financial statements.

In May 2017, the FASB issued Accounting Standards Update No. 2017-09, "Compensation - Stock Compensation (Topic 718)," (ASU 2017-09), which clarifies the application of Topic 718 when accounting for changes in the terms and conditions of a share-based payment award. The new standard requires changes to the terms or conditions of a share-based payment award to be accounted for under modification accounting unless there is no change to the fair value, vesting conditions and classification of the award after modification. The amendment is effective for us on July 1, 2018 and permits early adoption. The amendment is to be applied prospectively, and we are currently evaluating the impact on our financial statements.

In November 2016, the FASB issued Accounting Standards Update No. 2016-18, "Statement of Cash Flows (Topic 230) Restricted Cash" (ASU 2016-18), which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendment is effective for us on July 1, 2018 and permits early adoption. This amendment will affect the presentation of our statement of cash flows once adopted, and we do not expect it to have material impact on our consolidated financial statements.

In March 2016, the FASB issued Accounting Standards Update No. 2016-04, "Liabilities - Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products" (ASU 2016-04), which requires an entity to recognize breakage for a liability resulting from the sale of a prepaid stored-value product in proportion to the pattern of rights expected to be exercised by the product holder only to the extent that it is probable that a significant reversal of the recognized breakage amount will not subsequently occur. The new standard is effective for us on July 1, 2018. The standard permits early adoption and should be applied either retrospectively to each period presented or by means of a cumulative adjustment to retained earnings as of the beginning of the fiscal year adopted. We do not expect the effect of ASU 2016-04 to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued Accounting Standards Update No. 2016-02, "Leases (Topic 842)" (ASU 2016-02), which requires the recognition of lease assets and lease liabilities by lessees for those leases currently classified as operating leases. The standard also retains a distinction between finance leases and operating leases. The new standard is effective for us on July 1, 2019 and we expect to adopt the new standard using the modified retrospective approach. We also plan to use the transition relief package, in which we will not reassess the classification of our existing leases, whether any expired or existing contracts contain leases and if our existing leases have any initial direct costs. We are currently evaluating the requirements of the standard and we have not yet determined the impact of adoption on our consolidated financial statements.

In May 2014, the FASB issued Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (ASU 2014-09), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This guidance will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for fiscal years beginning after December 15, 2017, which would result in an effective date for us of July 1, 2018. The standard permits the use of either the retrospective or modified retrospective method. We will adopt the new standard in the first quarter of fiscal 2019, and we will apply the modified retrospective approach.

We have substantially completed our impact assessment of the new standard, which was performed on a business unit by business unit basis through a review of contract terms and material revenue streams. We have identified an impact related to direct-response advertising costs, which are costs currently capitalized and expensed based on the guidance outlined in ASC 340. The guidance included in ASC 340 has been eliminated, and under the new revenue standard these costs will be expensed as incurred because they do not meet the requirements for capitalization since they are not direct and incremental to obtaining a contract. We expect this change to impact the timing for a portion of advertising expenses within our National Pen business, but we do not expect it to have a material impact on our consolidated results. We have also identified an impact related to customer loyalty programs that are offered by several of our businesses. Under the new revenue standard, the rewards associated with these programs will be recognized as an additional performance obligation, resulting in an allocation of the transaction price and deferral of revenue until the subsequent reward redemption. We do not expect this change to have a material impact on our consolidated results.

We are continuing to make changes to certain processes and internal controls, in order to address the impacts of the new standard, which we expect to finalize during the fourth quarter of fiscal 2018. Lastly, we are continuing to evaluate the disclosure requirements of the new standard.

Fair Value Measurements

9 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

We use a three-level valuation hierarchy for measuring fair value and include detailed financial statement disclosures about fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows:


•	Level 1: Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.


•	Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.


•	Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy:



	March 31, 2018
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap contracts	$	10,360		$	—	$	10,360		$	—
Currency forward contracts	26			—		26			—
Currency option contracts	11			—		11			—
Total assets recorded at fair value	$	10,397		$	—	$	10,397		$	—

Liabilities
Cross-currency swap contracts	$	(42,073	)	$	—	$	(42,073	)	$	—
Currency forward contracts	(37,885		)	—		(37,885		)	—
Currency option contracts	(685		)	—		(685		)	—
Total liabilities recorded at fair value	$	(80,643	)	$	—	$	(80,643	)	$	—



	June 30, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap contracts	$	1,717		$	—	$	1,717		$	—
Total assets recorded at fair value	$	1,717		$	—	$	1,717		$	—

Liabilities
Interest rate swap contracts	$	(483	)	$	—	$	(483	)	$	—
Cross-currency swap contracts	(19,760		)	—		(19,760		)	—
Currency forward contracts	(14,700		)	—		(14,700		)	—
Currency option contracts	(651		)	—		(651		)	—
Contingent consideration	(5,453		)	—		—			(5,453		)
Total liabilities recorded at fair value	$	(41,047	)	$	—	$	(35,594	)	$	(5,453	)

During the quarter ended March 31, 2018 and year ended June 30, 2017, there were no significant transfers in or out of Level 1, Level 2 and Level 3 classifications.

The valuations of the derivatives intended to mitigate our interest rate and currency risk are determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each instrument. This analysis utilizes observable market-based inputs, including interest rate curves, interest rate volatility, or spot and forward exchange rates, and reflects the contractual terms of these instruments, including the period to maturity. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparties' nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements.

Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to appropriately reflect both our own nonperformance risk and the respective counterparties' nonperformance risk in the fair value measurement. However, as of March 31, 2018, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined that our derivative valuations in their entirety are classified in Level 2 in the fair value hierarchy.

Contingent consideration obligations are measured at fair value and are based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions and estimates to forecast a range of outcomes and probabilities for the contingent consideration. Certain contingent consideration obligations are valued using a Monte Carlo simulation model. We assess these assumptions and estimates on a quarterly basis as additional data impacting the assumptions is obtained. Any changes in the fair value of contingent consideration related to updated assumptions and estimates will be recognized within general and administrative expenses in the consolidated statements of operations during the period in which the change occurs.

As part of the acquisition of WIRmachenDRUCK on February 1, 2016, we agreed to a variable contingent payment up to €40,000, previously based on the achievement of a cumulative gross profit target for calendar years 2016 and 2017. During the fourth quarter of fiscal 2017, we determined it was reasonably certain, based on recent performance, that the maximum earn-out would be achieved. Subsequently, during the first quarter of fiscal 2018, we amended the terms of this arrangement to remove the performance target and agreed to pay the maximum amount in January 2018. On January 2, 2018 we paid the maximum amount of €40,000 ($48,069 based on the exchange rate on the day of payment) and $5,951 of the amount paid is considered contingent consideration and included in the table below.

The following table represents the changes in fair value of Level 3 contingent consideration:



	Nine Months Ended March 31,
	2018 (1)			2017 (1)
Balance at June 30, 2017 and 2016, respectively	$	5,453		$	1,212
Fair value adjustment	220			2,514
Cash payments	(5,951		)	—
Foreign currency impact	278			(89		)
Balance at March 31	$	—		$	3,637

_____________________

(1) As of June 30, 2017 and March 31, 2017, contingent consideration was classified as a current liability on the consolidated balance sheets. As of June 30, 2016 the liability was classified as a long-term liability on the consolidated balance sheet.

As of March 31, 2018 and June 30, 2017, the carrying amounts of our cash and cash equivalents, accounts receivable, accounts payable, and other current liabilities approximated their estimated fair values. As of March 31, 2018 and June 30, 2017 the carrying value of our debt, excluding debt issuance costs and debt discounts, was $820,182 and $882,578, respectively, and the fair value was $777,314 and $906,744, respectively. Our debt at March 31, 2018 includes variable rate debt instruments indexed to LIBOR that resets periodically and fixed rate debt instruments. The estimated fair value of our debt was determined using available market information based on recent trades or activity of debt instruments with substantially similar risks, terms and maturities, which fall within Level 2 under the fair value hierarchy. The estimated fair value of assets and liabilities disclosed above may not be representative of actual values that could have been or will be realized in the future.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Financial Instruments

9 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivative Financial Instruments

We use derivative financial instruments, such as interest rate swap contracts, cross-currency swap contracts, and currency forward and option contracts, to manage interest rate and foreign currency exposures. Derivatives are recorded in the consolidated balance sheets at fair value. If the derivative is designated as a cash flow hedge or net investment hedge, then the effective portion of changes in the fair value of the derivative is recorded in accumulated other comprehensive loss and is subsequently reclassified into earnings in the period the hedged forecasted transaction affects earnings. If a derivative is deemed to be ineffective, then the ineffective portion of the change in fair value of the derivative is recognized directly in earnings. The change in the fair value of derivatives not designated as hedges is recognized directly in earnings, as a component of other (expense) income, net.

Hedges of Interest Rate Risk

We enter into interest rate swap contracts to manage variability in the amount of our known or expected cash payments related to a portion of our debt. Our objective in using interest rate swaps is to add stability to interest expense and to manage our exposure to interest rate movements. We designate our interest rate swaps as cash flow hedges. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for us making fixed-rate payments over the life of the contract agreements without exchange of the underlying notional amount. Realized gains or losses from interest rate swaps are recorded in earnings, as a component of interest expense, net. A portion of seven of our interest rate swap contracts were deemed to be ineffective during the three and nine months ended March 31, 2018 and during the three and nine months ended March 31, 2017 a portion of two of our interest rate swap contracts was deemed to be ineffective.

Amounts reported in accumulated other comprehensive loss related to interest rate swap contracts will be reclassified to interest expense as interest payments are accrued or made on our variable-rate debt. As of March 31, 2018, we estimate that $119 of income will be reclassified from accumulated other comprehensive loss to interest expense during the twelve months ending March 31, 2019. As of March 31, 2018, we had nine outstanding interest rate swap contracts indexed to one-month LIBOR. These instruments were designated as cash flow hedges of interest rate risk and have varying start dates and maturity dates through December 2025.



Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of March 31, 2018	$	65,000
Contracts with a future start date	350,000
Total	$	415,000

Hedges of Currency Risk

Cross-Currency Swap Contracts

From time to time, we execute cross-currency swap contracts designated as cash flow hedges or net investment hedges. Cross-currency swaps involve an initial receipt of the notional amount in the hedge currency in exchange for our reporting currency based on a contracted exchange rate. Subsequently, we receive fixed rate payments in our reporting currency in exchange for fixed rate payments in the hedged currency over the life of the contract. At maturity, the final exchange involves the receipt of our reporting currency in exchange for the notional amount in the hedged currency.

Cross-currency swap contracts designated as cash flow hedges are executed to mitigate our currency exposure to the interest receipts as well as the principal remeasurement and repayment associated with certain intercompany loans denominated in a currency other than our reporting currency, the U.S. Dollar. As of March 31, 2018, we had two outstanding cross-currency swap contracts designated as cash flow hedges with a total notional amount of $120,011, both maturing during June 2019. We entered into the two cross-currency swap contracts to hedge the risk of changes in one Euro denominated intercompany loan entered into with one of our consolidated subsidiaries that has the Euro as its functional currency.

Amounts reported in accumulated other comprehensive loss will be reclassified to other (expense) income, net as interest payments are accrued or paid and upon remeasuring the intercompany loan. As of March 31, 2018, we estimate that $865 of income will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending March 31, 2019.

Cross-currency swap contracts designated as net investment hedges are executed to mitigate our currency exposure of net investments in subsidiaries that have reporting currencies other than the U.S. Dollar. As of March 31, 2018, we had two outstanding cross-currency swap contracts designated as net investment hedges with a total notional amount of $122,969, both maturing during April 2019. We entered into the two cross-currency swap contracts to hedge the risk of changes in the U.S. Dollar equivalent value of a portion of our net investment in a consolidated subsidiary that has the Euro as its functional currency. Amounts reported in accumulated other comprehensive loss are recognized as a component of our cumulative translation adjustment.

We did not hold any ineffective cross-currency swaps during the three and nine months ended March 31, 2018 and 2017.

Other Currency Contracts

We execute currency forward and option contracts in order to mitigate our exposure to fluctuations in various currencies against our reporting currency, the U.S. Dollar.

As of March 31, 2018, we had six currency forward contracts designated as net investment hedges with a total notional amount of $175,262, maturing during various dates through October 2022. We entered into these contracts to hedge the risk of changes in the U.S. Dollar equivalent value of a portion of our net investment in a consolidated subsidiary that has the Euro as its functional currency. Amounts reported in accumulated other comprehensive loss are recognized as a component of our cumulative translation adjustment.

We have elected to not apply hedge accounting for all other currency forward and option contracts. During the three and nine months ended March 31, 2018 and 2017, we have experienced volatility within other (expense) income, net in our consolidated statements of operations from unrealized gains and losses on the mark-to-market of outstanding currency forward and option contracts. We expect this volatility to continue in future periods for contracts for which we do not apply hedge accounting. Additionally, since our hedging objectives may be targeted at non-GAAP financial metrics that exclude non-cash items such as depreciation and amortization, we may experience increased, not decreased, volatility in our GAAP results as a result of our currency hedging program.

As of March 31, 2018, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were used to hedge fluctuations in the U.S. Dollar value of forecasted transactions denominated in Australian Dollar, British Pound, Canadian Dollar, Danish Krone, Euro, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, and Swedish Krona:



Notional Amount	Effective Date	Maturity Date	Number of Instruments	Index
$512,301	January 2017 through March 2018	Various dates through March 2020	489	Various

Financial Instrument Presentation

The table below presents the fair value of our derivative financial instruments as well as their classification on the balance sheet as of March 31, 2018 and June 30, 2017. Our derivative asset and liability balances will fluctuate with interest rate and currency exchange rate volatility. Our derivative liabilities have increased significantly during the nine months ended March 31, 2018 mainly due to the weakening of the US dollar.



	March 31, 2018
	Asset Derivatives								Liability Derivatives
Derivatives designated as hedging instruments	Balance Sheet line item	Gross amounts of recognized assets		Gross amount offset in consolidated balance sheet			Net amount		Balance Sheet line item	Gross amounts of recognized liabilities			Gross amount offset in consolidated balance sheet		Net amount
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	Other non-current assets	$	10,452	$	(92	)	$	10,360	Other current liabilities / other liabilities	$	—		$	—	$	—
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(18,897		)	—		(18,897		)
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(23,176		)	—		(23,176		)
Currency forward contracts	Other non-current assets	—		—			—		Other liabilities	(23,831		)	—		(23,831		)
Total derivatives designated as hedging instruments		$	10,452	$	(92	)	$	10,360		$	(65,904	)	$	—	$	(65,904	)

Derivatives not designated as hedging instruments
Currency forward contracts	Other current assets / other assets	$	26	$	—		$	26	Other current liabilities / other liabilities	$	(15,361	)	$	1,307	$	(14,054	)
Currency option contracts	Other current assets / other assets	11		—			11		Other current liabilities / other liabilities	(814		)	129		(685		)
Total derivatives not designated as hedging instruments		$	37	$	—		$	37		$	(16,175	)	$	1,436	$	(14,739	)



	June 30, 2017
	Asset Derivatives								Liability Derivatives
Derivatives designated as hedging instruments	Balance Sheet line item	Gross amounts of recognized assets		Gross amount offset in consolidated balance sheet			Net amount		Balance Sheet line item	Gross amounts of recognized liabilities			Gross amount offset in consolidated balance sheet		Net amount
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	Other non-current assets	$	2,072	$	(355	)	$	1,717	Other current liabilities / other liabilities	$	(483	)	$	—	$	(483	)
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(7,640		)	—		(7,640		)
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(12,120		)	—		(12,120		)
Currency forward contracts	Other non-current assets	—		—			—		Other liabilities	(9,896		)	—		(9,896		)
Total derivatives designated as hedging instruments		$	2,072	$	(355	)	$	1,717		$	(30,139	)	$	—	$	(30,139	)

Derivatives not designated as hedging instruments
Currency forward contracts	Other current assets / other assets	$	—	$	—		$	—	Other current liabilities / other liabilities	$	(8,033	)	$	3,229	$	(4,804	)
Currency Option Contracts	Other current assets / other assets	—		—			—		Other current liabilities / other liabilities	(651		)	—		(651		)
Total derivatives not designated as hedging instruments		$	—	$	—		$	—		$	(8,684	)	$	3,229	$	(5,455	)

The following table presents the effect of the effective portion of our derivative financial instruments designated as hedging instruments and their classification within comprehensive income (loss) for the three and nine months ended March 31, 2018 and 2017:



Derivatives in Hedging Relationships	Amount of Gain (Loss) Recognized in Comprehensive Income (Loss) on Derivatives
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	$	6,087		$	314		$	7,330		$	3,078
Cross-currency swaps	2,321			(740		)	5,492			3,971
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	(3,873		)	(841		)	(10,307		)	3,983
Currency forward contracts	(5,576		)	(802		)	(13,935		)	137
	$	(1,041	)	$	(2,069	)	$	(11,420	)	$	11,169

The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended March 31, 2018 and 2017:



Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) to Net (Loss) Income												Affected line item in the Statement of Operations
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	$	100		$	(61	)	$	(6	)	$	(100	)	Interest expense, net
Cross-currency swaps	(3,321		)	(1,131		)	(8,756		)	6,366			Other (expense) income, net
Total before income tax	(3,221		)	(1,192		)	(8,762		)	6,266			Income (loss) before income taxes
Income tax	805			297			2,212			(1,568		)	Income tax expense
Total	$	(2,416	)	$	(895	)	$	(6,550	)	$	4,698

The following table presents the adjustment to fair value recorded within the consolidated statements of operations for derivative instruments for which we did not elect hedge accounting, as well as the effect of the ineffective portion and de-designated derivative financial instruments that no longer qualify as hedging instruments in the period:



	Amount of Gain (Loss) Recognized in Net (Loss) Income											Location of Gain (Loss) Recognized in Income (Ineffective Portion)
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives not designated as hedging instruments
Currency contracts	$	(9,103	)	$	(820	)	$	(19,382	)	$	12,481	Other (expense) income, net
Interest rate swaps	1			3			279			256		Other (expense) income, net
	$	(9,102	)	$	(817	)	$	(19,103	)	$	12,737

Accumulated Other Comprehensive Income

9 Months Ended

Mar. 31, 2018

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Loss

The following table presents a roll forward of amounts recognized in accumulated other comprehensive loss by component, net of tax of $(3,237) for the nine months ended March 31, 2018:



	Gains (losses) on cash flow hedges (1)			Gains (losses) on pension benefit obligation			Translation adjustments, net of hedges (2)			Total
Balance as of June 30, 2017	$	(2,250	)	$	(357	)	$	(110,791	)	$	(113,398	)
Other comprehensive income (loss) before reclassifications	12,822			—			24,650			37,472
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	(6,550		)	—			—			(6,550		)
Net current period other comprehensive income (loss)	6,272			—			24,650			30,922
Balance as of March 31, 2018	$	4,022		$	(357	)	$	(86,141	)	$	(82,476	)

________________________

(1) Gains (losses) on cash flow hedges include our interest rates swap and cross-currency swap contracts designated in cash flow hedging relationships.

(2) As of March 31, 2018 and June 30, 2017, the translation adjustment is inclusive of the effects of our net investment hedges, of which, unrealized losses of $41,290 and $17,048, respectively, net of tax, have been included in accumulated other comprehensive loss.

Goodwill and Acquired Intangible Assets

9 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Goodwill

The carrying amount of goodwill by reportable segment as of March 31, 2018 and June 30, 2017 is as follows:



	Vistaprint			Upload and Print		National Pen			All Other Businesses		Total
Balance as of June 30, 2017	$	147,207		$	321,805	$	34,520		$	11,431	$	514,963
Adjustments	(58		)	—		(86		)	—		(144		)
Effect of currency translation adjustments (1)	2,706			24,844		—			—		27,550
Balance as of March 31, 2018	$	149,855		$	346,649	$	34,434		$	11,431	$	542,369

_________________

(1) Relates to goodwill held by subsidiaries whose functional currency is not the U.S. Dollar.

Acquired Intangible Assets

Acquired intangible assets amortization expense for the three and nine months ended March 31, 2018 was $12,941 and $38,132, respectively, compared to $13,450 and $33,542 for the prior comparative periods, respectively. In addition, during the three and nine months ended March 31, 2017, we recognized an impairment of $3,211, related to the acquired intangible assets within the Tradeprint asset group. Refer below for additional discussion regarding the impairment.

Impairment Review

Fiscal 2017

During the third quarter of fiscal 2017, we concluded that the goodwill of our Tradeprint reporting unit, part of our Upload and Print reportable segment, was not fully recoverable as the reporting unit was forecasting lower profits than originally forecasted as of the acquisition date. This resulted in an impairment of goodwill of $6,345 and an impairment of acquired intangible assets of $3,211 during the quarter ended March 31, 2017.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Other Balance Sheet Components

9 Months Ended

Mar. 31, 2018

Payables and Accruals [Abstract]

Accrued Expenses

Other Balance Sheet Components

Accrued expenses included the following:



	March 31, 2018		June 30, 2017
Compensation costs	$	59,908	$	54,487
Income and indirect taxes	45,691		34,469
Advertising costs	28,001		26,641
Interest payable	10,335		5,263
Production costs	9,558		7,472
Shipping costs	6,817		6,651
Sales returns	5,722		4,474
Professional fees	3,138		3,021
Purchases of property, plant and equipment	2,077		3,786
Other	39,160		29,303
Total accrued expenses	$	210,407	$	175,567

Other current liabilities included the following:



	March 31, 2018		June 30, 2017
Contingent earn-out liability (1)	$	—	$	44,049
Current portion of lease financing obligation	12,569		12,569
Short-term derivative liabilities	17,184		7,243
Current portion of capital lease obligations	11,521		11,573
Mandatorily redeemable noncontrolling interest (2)	1,144		901
Other	504		2,100
Total other current liabilities	$	42,922	$	78,435

Other liabilities included the following:



	March 31, 2018		June 30, 2017
Long-term derivative liabilities	$	64,986	$	31,936
Long-term capital lease obligations	20,458		28,306
Mandatorily redeemable noncontrolling interest (2)	2,757		2,456
Other (3)	32,409		31,985
Total other liabilities	$	120,610	$	94,683

_______________________

(1) On January 2, 2018, we paid the contingent earn-out liability in full, refer to the summary below for additional details.

(2) Relates to the mandatorily redeemable noncontrolling interest of Printi LLC. Refer to Note 11 for additional details.

(3) As of March 31, 2018 and June 30, 2017, other liabilities includes $9,773 and $8,173, respectively, related to share-based compensation awards associated with our investment in Printi LLC. Refer to Note 11 for additional details.

Contingent earn-out liability

Under the original terms of the WIRmachenDRUCK earn-out arrangement, a portion of the earn-out attributed to the minority selling shareholders was included as a component of purchase consideration as of the acquisition date, with any subsequent changes to fair value recognized within general and administrative expense. This earn-out was previously calculated on a sliding scale, based on the achievement of cumulative gross profit against a predetermined target. During the fourth quarter of fiscal 2017, we determined it was reasonably certain, that the maximum earn-out would be achieved and we paid the maximum amount on January 2, 2018. Refer to Note 3 of the consolidated financial statements for additional details of this payment.

The liability represented the present value of the agreed payment amount as of the respective date. We recognized $1,774 of expense during the nine months ended March 31, 2018, and $4,598 and $27,364 of expense during the three and nine months ended March 31, 2017, respectively, as part of general and administrative expense. We recognized no expense during the three months ended March 31, 2018.

Debt

9 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Long-Term Debt

Debt



	March 31, 2018			June 30, 2017
Senior secured credit facility	$	537,276		$	600,037
7.0% Senior unsecured notes due 2022	275,000			275,000
Other	7,906			7,541
Debt issuance costs and debt discounts (1)	(7,567		)	(5,922		)
Total debt outstanding, net	812,615			876,656
Less short-term debt (2)	26,214			28,926
Long-term debt	$	786,401		$	847,730

_____________________

(1) During the nine months ended March 31, 2018, we capitalized $3,251 in debt issuance costs, which related to the amendment and restatement to our senior secured credit facility. Refer below for additional details relating to the amendment.

(2) Balances as of March 31, 2018 and June 30, 2017 are inclusive of short-term debt issuance costs and debt discounts of $1,846 and $1,693, respectively.

Our Debt

Our various debt arrangements described below contain customary representations, warranties and events of default. As of March 31, 2018, we were in compliance with all financial and other covenants related to our debt.

Senior Secured Credit Facility

On July 13, 2017, we entered into an amendment and restatement agreement for our senior secured credit facility resulting in an increase of loan commitments under the credit agreement to $1,045,000 in the aggregate. The amendment also extended the tenor of our borrowings to a maturity date of July 13, 2022. As of March 31, 2018, we have a committed credit facility of $1,033,750 as follows:


•	Revolving loans of $745,000 with a maturity date of July 13, 2022


•	Term loan of $288,750 amortizing over the loan period, with a final maturity date of July 13, 2022.

Under the terms of our credit agreement, borrowings bear interest at a variable rate of interest based on LIBOR plus 1.50% to 2.25% depending on our leverage ratio, which is the ratio of our consolidated total indebtedness to our consolidated EBITDA, as defined by the credit agreement. As of March 31, 2018, the weighted-average interest rate on outstanding borrowings was 3.56%, inclusive of interest rate swap rates. We are also required to pay a commitment fee on unused balances of 0.225% to 0.400% depending on our leverage ratio. We have pledged the assets and/or share capital of several of our subsidiaries as collateral for our outstanding debt as of March 31, 2018.

Indenture and Senior Unsecured Notes due 2022

On March 24, 2015, we completed a private placement of $275,000 in aggregate principal amount of 7.0% senior unsecured notes due 2022 (the “Notes”). We issued the Notes pursuant to a senior notes indenture dated as of March 24, 2015 among Cimpress N.V., our subsidiary guarantors, and MUFG Union Bank, N.A., as trustee (the "Indenture"). We used the proceeds from the Notes to pay outstanding indebtedness under our unsecured line of credit and our senior secured credit facility and for general corporate purposes.

The Notes bear interest at a rate of 7.0% per annum and mature on April 1, 2022. Interest on the Notes is payable semi-annually on April 1 and October 1 of each year, commencing on October 1, 2015, to the holders of record of the Notes at the close of business on March 15 and September 15, respectively, preceding such interest payment date.

The Notes are senior unsecured obligations and rank equally in right of payment to all our existing and future senior unsecured debt and senior in right of payment to all of our existing and future subordinated debt. The Notes are effectively subordinated to any of our existing and future secured debt to the extent of the value of the assets securing such debt. Subject to certain exceptions, each of our existing and future subsidiaries that is a borrower under or guarantees our senior secured credit facilities will guarantee the Notes.

The Indenture contains various covenants, including covenants that, subject to certain exceptions, limit our and our restricted subsidiaries’ ability to incur and/or guarantee additional debt; pay dividends, repurchase shares or make certain other restricted payments; enter into agreements limiting dividends and certain other restricted payments; prepay, redeem or repurchase subordinated debt; grant liens on assets; enter into sale and leaseback transactions; merge, consolidate or transfer or dispose of substantially all of our consolidated assets; sell, transfer or otherwise dispose of property and assets; and engage in transactions with affiliates.

We had the right to redeem, at any time prior to April 1, 2018, some or all of the Notes at a redemption price equal to 100% of the principal amount redeemed, plus a make-whole amount as set forth in the Indenture, plus, in each case, accrued and unpaid interest to, but not including, the redemption date. In addition, we had the right to redeem, at any time prior to April 1, 2018, up to 35% of the aggregate outstanding principal amount of the Notes at a redemption price equal to 107% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date, with the net proceeds of certain equity offerings by Cimpress. To date we have not exercised our redemption right; however if in the future we choose to exercise we will redeem some or all of the Notes at the redemption prices specified in the Indenture, plus accrued and unpaid interest to, but not including, the redemption date.

Other debt

Other debt consists primarily of term loans acquired through our various acquisitions. As of March 31, 2018 and June 30, 2017 we had $7,906 and $7,541, respectively, outstanding for those obligations that are payable through September 2024.

Income Taxes	9 Months Ended
Income Taxes	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income tax expense was $4,019 and $19,657 for the three and nine months ended March 31, 2018, respectively, as compared to income tax benefits of $17,431 and $7,644 for the prior comparative periods. The increase in income tax expense is primarily attributable to pre-tax income for the three and nine months ended March 31, 2018 as compared to pre-tax losses in the comparable periods. Additionally, we recognized tax expense of $4,742 related to the impacts of U.S. tax reform recognized in the nine months ended March 31, 2018. We recognize excess tax benefits associated with the vesting or exercise of share based compensation awards as a discrete tax item. During the three and nine months ended March 31, 2018, we recognized excess tax benefits from share based compensation of $1,329 and $2,802, respectively, as compared to $45 and $4,659 for the comparable prior periods. Excluding the effect of these discrete tax items, we are forecasting a more favorable consolidated annual effective tax rate for fiscal 2018 as compared to fiscal 2017 primarily due to higher forecasted full year pre-tax income as well as a more favorable geographical mix of consolidated earnings. In addition, our effective tax rate is negatively impacted by losses in certain jurisdictions where we are unable to recognize a full tax benefit in the current period. On December 22, 2017, the Tax Cuts and Jobs Act ("The Act") was signed into law, resulting in significant changes to U.S. tax law for corporations. Our tax balances were adjusted during the quarter ended December 31, 2017 based upon our interpretation of The Act, although the final impact on our tax balances may change due to the issuance of additional guidance, changes in our interpretation of The Act, changes in assumptions made by Cimpress, and actions Cimpress may take as a result of The Act. There were no material changes to our tax balances for the three months ended March 31, 2018 as a result of The Act. We will continue to review and assess the potential impact of any new information on our financial statement positions. On October 1, 2013, we made changes to our corporate entity operating structure, including transferring our intellectual property among certain of our subsidiaries, primarily to align our corporate entities with our evolving operations and business model. Our subsidiary based in Switzerland was the recipient of the intellectual property. In accordance with Swiss tax law, we are entitled to amortize the fair market value of the intellectual property received at the date of transfer over five years for tax purposes. As a result of this amortization, we are expecting a loss for Swiss tax purposes during fiscal 2018. As of March 31, 2018, we had a liability for unrecognized tax benefits included in the balance sheet of $4,872, including accrued interest and penalties of $355. We recognize interest and, if applicable, penalties related to unrecognized tax benefits in the provision for income taxes. If recognized, the entire liability for unrecognized tax benefits would reduce our income tax expense. It is reasonably possible that a reduction in unrecognized tax benefits may occur within the next twelve months in the range of $600 to $800 related to the lapse of applicable statutes of limitations. We believe we have appropriately provided for all tax uncertainties. We conduct business in a number of tax jurisdictions and, as such, are required to file income tax returns in multiple jurisdictions globally. The years 2015 through 2017 remain open for examination by the United States Internal Revenue Service (“IRS”) and the years 2012 through 2017 remain open for examination in the various states and non-US tax jurisdictions in which we file tax returns. We believe that our income tax reserves are adequately maintained taking into consideration both the technical merits of our tax return positions and ongoing developments in our income tax audits. However, the final determination of our tax return positions, if audited, is uncertain, and there is a possibility that final resolution of these matters could have a material impact on our results of operations or cash flows.

Noncontrolling interest

9 Months Ended

Mar. 31, 2018

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

Noncontrolling Interests

In certain of our strategic investments we own a controlling equity stake, but a third party owns a minority portion of the equity. The balance sheet and operating activity of these entities are included in our consolidated financial statements and we adjust the net income in our consolidated statement of operations to exclude the noncontrolling interests' proportionate share of results. We present the proportionate share of equity attributable to the redeemable noncontrolling interests as temporary equity within our consolidated balance sheet and the proportionate share of noncontrolling interests not subject to a redemption provision that is outside of our control as equity.

Redeemable noncontrolling interests

On April 15, 2015, we acquired 70% of the outstanding shares of Exagroup SAS. The remaining 30% is considered a redeemable noncontrolling equity interest, as it is redeemable in the future and not solely within our control. The Exagroup noncontrolling interest, redeemable at a fixed amount of €39,000, was recorded at its fair value as of the acquisition date and will be adjusted to its redemption value on a periodic basis, if that amount exceeds its carrying value. As of March 31, 2018, the redemption value was less than the carrying value, and therefore no adjustment was required.

On August 23, 2017, we sold approximately 12% of the outstanding shares of our WIRmachenDRUCK subsidiary for a total of €30,000 ($35,390 based on the exchange rate on the date we received the proceeds). The minority equity interest is considered a redeemable noncontrolling interest, as it is redeemable for cash based on future financial results through put and call rights and not solely within our control. The noncontrolling interest was recorded at its fair value as of the sale date and will be adjusted to its redemption value on a periodic basis, with an offset to retained earnings, if that amount exceeds its carrying value. If the formulaic redemption value exceeds the fair value of the noncontrolling interest, then the accretion to redemption value will be offset to the net (income) loss attributable to noncontrolling interest in our consolidated statement of operations. As of March 31, 2018, the redemption value was less than the carrying value, and therefore no adjustment was required.

The following table presents the reconciliation of changes in our noncontrolling interests:



	Redeemable noncontrolling interests		Noncontrolling interest
Balance as of June 30, 2017	$	45,412	$	213
Net income attributable to noncontrolling interest	1,320		74
Proceeds from sale of noncontrolling interest	35,390		—
Foreign currency translation	5,683		—
Balance as of March 31, 2018	$	87,805	$	287

Variable Interest Entities	9 Months Ended
Variable Interest Entities	Mar. 31, 2018
Variable Interest Entity [Line Items]
Variable Interest Entity Disclosure [Text Block]	Variable Interest Entity ("VIE") On August 7, 2014, we made a capital investment in Printi LLC, which operates in Brazil. This investment provided us access to a new market and the opportunity to drive longer-term growth in Brazil and other geographies as Printi expands internationally in the future. As of March 31, 2018, we have a 49.99% equity interest in Printi. Based upon the level of equity investment at risk, Printi is considered a variable interest entity. The shareholders of Printi share profits and voting control on a pro-rata basis. While we do not manage the day to day operations of Printi, we do have the unilateral ability to exercise participating voting rights for specific transactions, and as such no one shareholder is considered to be the primary beneficiary. However, certain significant shareholders cannot transfer their equity interests without our approval and as a result are considered de facto agents on our behalf in accordance with ASC 810-10-25-43. In aggregating our rights, as well as those of our de facto agents, the group as a whole has the power to direct the activities that most significantly impact the entity's economic performance, the obligation to absorb losses and the right to receive benefits from the entity. In situations where a de facto agency relationship is present, one party is required to be identified as the primary beneficiary, and the evaluation requires significant judgment. The factors considered include the presence of a principal/agent relationship, the relationship and significance of activities to the reporting entity, the variability associated with the VIE's anticipated economics and the design of the VIE. The analysis is qualitative in nature and is based on weighting the relative importance of each of the factors in relation to the specifics of the VIE arrangement. Upon our investment we performed an analysis and concluded that we are the party that is most closely associated with Printi, as we are most exposed to the variability of the economics and therefore considered the primary beneficiary. We will purchase an additional 3.7% non-voting economic interest during the fourth quarter of fiscal 2018. In addition, we will acquire the remaining equity interest in Printi through a reciprocal put and call structure, exercisable from March 31, 2021 through a mandatory redemption date of July 31, 2023. As the remaining equity interests are mandatorily redeemable by all parties no later than a specified future date, the noncontrolling interest is within the scope of ASC 480 and is required to be presented as a liability on our consolidated balance sheet. We adjust the liability to its estimated redemption value each reporting period and recognize any changes within interest expense, net in our consolidated statement of operations. We also have liability-based awards for Printi restricted stock held by Printi employees that are fully vested and marked to fair value each reporting period until cash settlement. As of March 31, 2018, through the use of an option pricing model we estimate the current fair value of the restricted stock to be $9,773 and we have recognized $1,047 in general and administrative expense for the nine months ended March 31, 2018, respectively, compared to $374 and $1,158 in the three and nine months ended March 31, 2017. We also have an arrangement to lend two Printi equity holders up to $24,000 that is payable on the date the put or call option is exercised, which will occur no later than July 31, 2023. As of March 31, 2018, the long-term loan receivable, including accrued interest, is $17,251 and classified within other assets in our consolidated balance sheets. We did not have a long-term loan receivable as of June 30, 2017. The loans carry 8.5% annual interest, and are not contingent upon continued employment. We expect that the loan proceeds will be used to offset our purchase of the remaining noncontrolling interest in the future.

Segment Information

9 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Information

Our operating segments are based upon the manner in which our operations are managed and the availability of separate financial information reported internally to the Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”) for purposes of making decisions about how to allocate resources and assess performance. As of March 31, 2018 we have numerous operating segments under our management reporting structure which are reported in the following four reportable segments:


•	Vistaprint - Includes the operations of our Vistaprint websites focused on the North America, Europe, Australia and New Zealand markets, and our Webs-branded business, which is managed with the Vistaprint-branded digital business in the previously listed geographies.


•	Upload and Print - Includes the results of our druck.at, Easyflyer, Exagroup, Pixartprinting, Printdeal, Tradeprint, and WIRmachenDRUCK businesses.


•	National Pen - Includes the global operations of our National Pen businesses, which manufacture and market custom writing instruments and promotional products, apparel and gifts.

•

All Other Businesses - Includes the operations of our Most of World and Corporate Solutions businesses. Most of World consists of our businesses in Brazil, China, India and Japan. In Japan and India, we primarily operate under close derivatives of the Vistaprint business model and technology, albeit with decentralized, locally managed cross-functional operations in each country, and with product, content and service offerings which we tailor to the Japanese and Indian markets. Our Corporate Solutions business serves medium-sized businesses and larger corporations, as well as our legacy business with retail partners and franchise businesses, primarily through the "Vistaprint Corporate" brand. Our All Other Businesses segment also includes Albumprinter results through the divestiture date of August 31, 2017.

Central and corporate costs consists primarily of the team of software engineers that is building our mass customization platform, shared service organizations such as global procurement, technology services such as hosting and security, administrative costs of our Cimpress India offices where numerous Cimpress businesses have dedicated business-specific team members, and corporate functions including our Supervisory Board, CEO, and the team members necessary for managing corporate activities, such as treasury, tax, capital allocation, financial consolidation, and legal. These costs also include certain unallocated share-based compensation costs.

During the first quarter of fiscal 2018, we began presenting inter-segment fulfillment activity as revenue for the fulfilling business unit for purposes of measuring and reporting our segment financial performance. Any historical inter-segment fulfillment transactions were previously recognized as cost relief for the fulfilling business unit in our presentation to the CODM. We now recognize these transactions as inter-segment revenue for presentation to the CODM; for example, a third-party customer order received by our Corporate Solutions business that is fulfilled at one of our Vistaprint production facilities is recognized as inter-segment revenue for our Vistaprint business based on pricing and terms agreed upon between segment management. Inter-segment revenues are recognized only for transactions between our reportable segments and do not include any transactions between businesses within a reportable segment, which are eliminated within each reportable segment. Intercompany revenues are eliminated in our consolidated results.

As part of these changes, we also recast historical segment results to ensure the consistent application of our current inter-segment revenue presentation. For the three and nine months ended March 31, 2017, we increased revenue for our Vistaprint business by $1,550 and $4,069, with a corresponding increase to inter-segment eliminations. We also recast historical segment profitability for the allocation of certain IT costs, which previously burdened our Vistaprint business, but have now been allocated to each of our businesses in fiscal 2018. For the three and nine months ended March 31, 2017, the cost allocation change resulted in an increase to Vistaprint segment profit by $624 and $1,871, respectively, with a corresponding decrease to segment profit for Upload and Print of $161 and $483, respectively, and All Other Businesses of $140 and $420, respectively, and an increase to our Central and corporate cost center of $323 and $968, respectively.

For awards granted under our 2016 Performance Equity Plan, the PSU expense value is based on a Monte Carlo fair value analysis and is required to be expensed on an accelerated basis. In order to ensure comparability in measuring our businesses results, we allocate the straight-line portion of the fixed grant value to our businesses. Any expense in excess of the amount as a result of the fair value measurement of the PSUs and the accelerated expense profile of the awards is recognized within Central and corporate costs.

Segment profit (loss) is the primary profitability metric by which our CODM measures segment financial performance and allocates resources. Certain items are excluded from segment profit (loss), such as acquisition-related amortization and depreciation, expense recognized for contingent earn-out related charges, including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges. A portion of the interest expense associated with our Waltham lease is included as expense in segment profit (loss) and allocated based on headcount to the appropriate business or corporate and global function. The interest expense represents a portion of the cash rent payment and is considered an operating expense for purposes of measuring our segment performance. We do not allocate non-operating income to our segment results.

Our All Other Businesses reportable segment includes our Most of World and Corporate Solutions businesses that have operating losses as they are in the early stage of investment relative to the scale of the underlying businesses, which may limit its comparability to other segments regarding profit (loss).

Our balance sheet information is not presented to the CODM on an allocated basis, and therefore we do not present asset information by segment. We do present other segment information to the CODM, which includes purchases of property, plant and equipment and capitalization of software and website development costs, and therefore include that information in the tables below.

Revenue by segment is based on the business-specific websites or sales channel through which the customer’s order was transacted. The following tables set forth revenue, segment profit (loss), total income from operations and total income before income taxes.



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
Revenue:
Vistaprint (1)	$	357,606		$	322,804		$	1,105,557		$	990,160
Upload and Print (2)	183,768			142,476			536,685			426,821
National Pen (3)	81,545			58,828			267,360			58,828
All Other Businesses (4)	18,865			28,027			67,913			99,410
Total segment revenue	641,784			552,135			1,977,515			1,575,219
Inter-segment eliminations	(5,715		)	(1,550		)	(16,108		)	(4,070		)
Total consolidated revenue	$	636,069		$	550,585		$	1,961,407		$	1,571,149

_____________________

(1) Vistaprint segment revenues include inter-segment revenue of $2,747 and $7,753 for the three and nine months ended March 31, 2018, respectively, and $1,550 and $4,069 for the prior comparative periods, respectively.

(2) Upload and Print segment revenues include inter-segment revenue of $329 and $1,137 for the three and nine months ended March 31, 2018, respectively. No inter-segment revenue was recognized in the prior comparable periods.

(3) National Pen segment revenues include inter-segment revenue of $805 and $2,275 for the three and nine months ended March 31, 2018, respectively. No inter-segment revenue was recognized in the prior comparable periods.

(4) All Other Businesses segment revenues include inter-segment revenue of $1,834 and $4,943 for the three and nine months ended March 31, 2018, respectively. No inter-segment revenue was recognized in the prior comparable periods.



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
Segment profit (loss):
Vistaprint	$	57,661		$	37,627		$	187,605		$	129,915
Upload and Print	17,367			12,983			54,605			43,232
National Pen	355			(3,226		)	19,185			(3,226		)
All Other Businesses	(9,342		)	(10,085		)	(25,459		)	(21,944		)
Total segment profit	66,041			37,299			235,936			147,977
Central and corporate costs	(35,891		)	(28,028		)	(97,558		)	(87,442		)
Acquisition-related amortization and depreciation	(13,030		)	(13,508		)	(38,330		)	(33,740		)
Earn-out related charges (1)	—			(4,882		)	(2,391		)	(28,139		)
Share-based compensation related to investment consideration	—			(375		)	(1,047		)	(5,079		)
Certain impairments (2)	—			(9,556		)	—			(9,556		)
Restructuring-related charges	(2,331		)	(24,790		)	(14,686		)	(25,890		)
Interest expense for Waltham, MA lease	1,838			1,897			5,645			5,823
Gain on the purchase or sale of subsidiaries (3)	—			—			48,380			—
Total income (loss) from operations	16,627			(41,943		)	135,949			(36,046		)
Other (expense) income, net	(1,558		)	(6,582		)	(25,602		)	21,835
Interest expense, net	(12,652		)	(11,584		)	(38,263		)	(31,119		)
Income (loss) before income taxes	$	2,417		$	(60,109	)	$	72,084		$	(45,330	)

___________________

(1) Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment.

(2) Includes the impact for certain impairments or abandonments of goodwill and other long-lived assets as defined by ASC 350 - "Intangibles - Goodwill and Other" or ASC 360 - "Property, plant, and equipment."

(3) Includes the impact of the gain on the sale of Albumprinter, as well as a bargain purchase gain as defined by ASC 805-30 for an acquisition in which the identifiable assets acquired and liabilities assumed are greater than the consideration transferred, that was recognized in general and administrative expense in our consolidated statement of operations during the nine months ended March 31, 2018.



	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Depreciation and amortization:
Vistaprint	$	16,460	$	16,885	$	48,943	$	47,784
Upload and Print	15,701		14,151		45,426		42,182
National Pen	5,372		5,277		15,742		5,277
All Other Businesses	2,538		3,698		6,981		11,033
Central and corporate costs	3,366		3,391		10,028		9,508
Total depreciation and amortization	$	43,437	$	43,402	$	127,120	$	115,784



	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Purchases of property, plant and equipment:
Vistaprint	$	4,843	$	12,046	$	29,342	$	31,590
Upload and Print	2,279		2,894		11,270		10,878
National Pen	1,183		1,013		4,891		1,013
All Other Businesses	252		4,134		1,231		10,647
Central and corporate costs	210		569		707		2,788
Total purchases of property, plant and equipment	$	8,767	$	20,656	$	47,441	$	56,916



	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Capitalization of software and website development costs:
Vistaprint	$	7,186	$	6,429	$	18,266	$	15,091
Upload and Print	1,149		514		2,939		1,627
National Pen	302		—		669		—
All Other Businesses	443		1,063		1,811		2,968
Central and corporate costs	2,282		1,562		5,791		8,992
Total capitalization of software and website development costs	$	11,362	$	9,568	$	29,476	$	28,678

The following tables set forth long-lived assets by geographic area:



	March 31, 2018		June 30, 2017
Long-lived assets (1):
Netherlands	$	106,816	$	83,223
Canada	83,878		85,926
Switzerland	52,811		49,017
Italy	45,121		44,423
United States	41,241		64,034
Australia	23,288		22,961
France	22,030		22,794
Jamaica	21,548		21,492
Japan	20,913		20,686
Other	71,786		64,377
Total	$	489,432	$	478,933

___________________

(1) Excludes goodwill of $542,369 and $514,963, intangible assets, net of $250,593 and $275,924, the Waltham lease asset of $112,956 and $116,045, and deferred tax assets of $66,753 and $48,004 as of March 31, 2018 and June 30, 2017, respectively.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lease Commitments We have commitments under operating leases for our facilities that expire on various dates through 2026, including the Waltham lease arrangement discussed in Note 2. Total lease expense, net of sublease income, for the three and nine months ended March 31, 2018 was $4,340 and $10,527, respectively and $2,860 and $9,152 for the three and nine months ended March 31, 2017, respectively. We lease certain machinery and plant equipment under both capital and operating lease agreements that expire at various dates through 2027. The aggregate carrying value of the leased buildings and equipment under capital leases included in property, plant and equipment, net in our consolidated balance sheet at March 31, 2018, is $35,253, net of accumulated depreciation of $36,022; the present value of lease installments not yet due included in other current liabilities and other liabilities in our consolidated balance sheet at March 31, 2018 amounts to $31,979. Purchase Obligations At March 31, 2018, we had unrecorded commitments under contract of $55,245 including commitments for third-party web services of $21,000. In addition, we had purchase commitments for production and computer equipment purchases of approximately $7,571, inventory purchase commitments of $1,984, commitments for advertising campaigns of $2,698, professional and consulting fees of $2,680, and other unrecorded purchase commitments of $19,312. Other Obligations We have an outstanding installment obligation of $2,806 related to the fiscal 2012 intra-entity transfer of the intellectual property of our subsidiary Webs, Inc., which results in tax being paid over a 7.5 year term and has been classified as a deferred tax liability in our consolidated balance sheet as of March 31, 2018. In addition, we have deferred payments related to our other acquisitions of $3,864 in aggregate. Legal Proceedings We are not currently party to any material legal proceedings. Although we cannot predict with certainty the results of litigation and claims to which we may be subject from time to time, we do not expect the resolution of any of our current matters to have a material adverse impact on our consolidated results of operations, cash flows or financial position. In all cases, at each reporting period, we evaluate whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies. We expense the costs relating to our legal proceedings as those costs are incurred.

Restructuring Charges

9 Months Ended

Mar. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Charges

Restructuring costs include one-time employee termination benefits, acceleration of share-based compensation, and other related costs including third-party professional and outplacement services. During the three months ended March 31, 2018, we recognized restructuring charges of $2,331, which included $1,898 of expense related to additional rationalizations within the central and corporate group, which have resulted from changes in our organizational structure subsequent to our decentralization initiative. We also recognized $327 related to our second quarter Vistaprint reorganization and $106 related to our January 2017 restructuring initiative.

During the nine months ended March 31, 2018, we recognized restructuring charges of $14,686, which included $11,782 related to our Vistaprint reorganization for reductions in headcount and other operating costs. These changes simplified operations and more closely aligned functions to increase the speed of execution. We also recognized $1,898 of restructuring charges within the central and corporate group, as well as $819 of expense for the first quarter initiative within our All Other Businesses reportable segment. During the nine months ended March 31, 2018, we recognized changes in estimates of $187 from our January 2017 restructuring initiative.

During three and nine months ended March 31, 2017, we recognized $24,790 and $25,890 of restructuring charges, respectively, related to our January 2017 restructuring initiative, which has been completed.

The following table summarizes the restructuring activity during the nine months ended March 31, 2018:



	Severance and Related Benefits			Other Restructuring Costs			Total
Accrued restructuring liability as of June 30, 2017 (1)	$	4,602		$	208		$	4,810
Restructuring Charges (2)	14,595			91			14,686
Cash payments	(14,890		)	(216		)	(15,106		)
Non-cash charges (3)	(1,317		)	—			(1,317		)
Accrued restructuring liability as of March 31, 2018	$	2,990		$	83		$	3,073

_____________________

(1) Accrued restructuring liability as of June 30, 2017 relates to our restructuring initiative announced in January 2017 and all remaining obligations have been paid as of March 31, 2018.

(2) We do not expect any material charges to be incurred in future periods related to each of these initiatives.

(3) Non-cash charges include acceleration of share-based compensation expenses.

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Share-Based Compensation

Share-based compensation

Gain on sale of subsidiary [Policy Text Block]

Sale of Albumprinter

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation

Other Income (expense), net [Policy Text Block]

Other (expense) income, net

The following table summarizes the components of other (expense) income, net:



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
(Losses) gains on derivatives not designated as hedging instruments (1)	$	(9,102	)	$	(817	)	$	(19,103	)	$	12,737
Currency-related gains (losses), net (2)	7,519			(6,304		)	(7,133		)	5,719
Other gains (3)	25			539			634			3,379
Total other (expense) income, net	$	(1,558	)	$	(6,582	)	$	(25,602	)	$	21,835

_____________________

(1) Primarily relates to both realized and unrealized (losses) gains on derivative currency forward and option contracts not designated as hedging instruments.

(3) During the nine months ended March 31, 2017, we recognized a gain of $2,268 related to the sale of Plaza Create Co. Ltd. available for sale securities.

Net Income Per Share

Net (Loss) Income Per Share Attributable to Cimpress N.V.

The following table sets forth the reconciliation of the weighted-average number of ordinary shares:



	Three Months Ended March 31,		Nine Months Ended March 31,
	2018	2017	2018	2017
Weighted average shares outstanding, basic	30,724,018	31,103,388	30,992,066	31,323,451
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs (1)	—	—	1,284,454	—
Shares used in computing diluted net (loss) income per share attributable to Cimpress N.V.	30,724,018	31,103,388	32,276,520	31,323,451
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress N.V.	1,448,530	1,262,902	3,054	1,379,481

Waltham and Lexington Lease Arrangements Disclosure [Text Block]

Waltham Lease Arrangement

Treasury Shares Accounting Method [Policy Text Block]

Treasury Shares

Recently Issued or Adopted Accounting Pronouncements

New Accounting Standards Adopted

Issued Accounting Standards to be Adopted

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Other Income [Table Text Block]

The following table summarizes the components of other (expense) income, net:



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
(Losses) gains on derivatives not designated as hedging instruments (1)	$	(9,102	)	$	(817	)	$	(19,103	)	$	12,737
Currency-related gains (losses), net (2)	7,519			(6,304		)	(7,133		)	5,719
Other gains (3)	25			539			634			3,379
Total other (expense) income, net	$	(1,558	)	$	(6,582	)	$	(25,602	)	$	21,835

_____________________

(1) Primarily relates to both realized and unrealized (losses) gains on derivative currency forward and option contracts not designated as hedging instruments.

(3) During the nine months ended March 31, 2017, we recognized a gain of $2,268 related to the sale of Plaza Create Co. Ltd. available for sale securities.

Schedule of Weighted Average Number of Shares [Table Text Block]

The following table sets forth the reconciliation of the weighted-average number of ordinary shares:



	Three Months Ended March 31,		Nine Months Ended March 31,
	2018	2017	2018	2017
Weighted average shares outstanding, basic	30,724,018	31,103,388	30,992,066	31,323,451
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs (1)	—	—	1,284,454	—
Shares used in computing diluted net (loss) income per share attributable to Cimpress N.V.	30,724,018	31,103,388	32,276,520	31,323,451
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress N.V.	1,448,530	1,262,902	3,054	1,379,481

Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Fair value of financial assets

The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy:



	March 31, 2018
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap contracts	$	10,360		$	—	$	10,360		$	—
Currency forward contracts	26			—		26			—
Currency option contracts	11			—		11			—
Total assets recorded at fair value	$	10,397		$	—	$	10,397		$	—

Liabilities
Cross-currency swap contracts	$	(42,073	)	$	—	$	(42,073	)	$	—
Currency forward contracts	(37,885		)	—		(37,885		)	—
Currency option contracts	(685		)	—		(685		)	—
Total liabilities recorded at fair value	$	(80,643	)	$	—	$	(80,643	)	$	—



	June 30, 2017
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap contracts	$	1,717		$	—	$	1,717		$	—
Total assets recorded at fair value	$	1,717		$	—	$	1,717		$	—

Liabilities
Interest rate swap contracts	$	(483	)	$	—	$	(483	)	$	—
Cross-currency swap contracts	(19,760		)	—		(19,760		)	—
Currency forward contracts	(14,700		)	—		(14,700		)	—
Currency option contracts	(651		)	—		(651		)	—
Contingent consideration	(5,453		)	—		—			(5,453		)
Total liabilities recorded at fair value	$	(41,047	)	$	—	$	(35,594	)	$	(5,453	)

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table represents the changes in fair value of Level 3 contingent consideration:



	Nine Months Ended March 31,
	2018 (1)			2017 (1)
Balance at June 30, 2017 and 2016, respectively	$	5,453		$	1,212
Fair value adjustment	220			2,514
Cash payments	(5,951		)	—
Foreign currency impact	278			(89		)
Balance at March 31	$	—		$	3,637

_____________________

Derivative Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments [Table Text Block]



Notional Amount	Effective Date	Maturity Date	Number of Instruments	Index
$512,301	January 2017 through March 2018	Various dates through March 2020	489	Various

As of March 31, 2018, we had nine outstanding interest rate swap contracts indexed to one-month LIBOR. These instruments were designated as cash flow hedges of interest rate risk and have varying start dates and maturity dates through December 2025.



Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of March 31, 2018	$	65,000
Contracts with a future start date	350,000
Total	$	415,000

Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]



	March 31, 2018
	Asset Derivatives								Liability Derivatives
Derivatives designated as hedging instruments	Balance Sheet line item	Gross amounts of recognized assets		Gross amount offset in consolidated balance sheet			Net amount		Balance Sheet line item	Gross amounts of recognized liabilities			Gross amount offset in consolidated balance sheet		Net amount
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	Other non-current assets	$	10,452	$	(92	)	$	10,360	Other current liabilities / other liabilities	$	—		$	—	$	—
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(18,897		)	—		(18,897		)
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(23,176		)	—		(23,176		)
Currency forward contracts	Other non-current assets	—		—			—		Other liabilities	(23,831		)	—		(23,831		)
Total derivatives designated as hedging instruments		$	10,452	$	(92	)	$	10,360		$	(65,904	)	$	—	$	(65,904	)

Derivatives not designated as hedging instruments
Currency forward contracts	Other current assets / other assets	$	26	$	—		$	26	Other current liabilities / other liabilities	$	(15,361	)	$	1,307	$	(14,054	)
Currency option contracts	Other current assets / other assets	11		—			11		Other current liabilities / other liabilities	(814		)	129		(685		)
Total derivatives not designated as hedging instruments		$	37	$	—		$	37		$	(16,175	)	$	1,436	$	(14,739	)



	June 30, 2017
	Asset Derivatives								Liability Derivatives
Derivatives designated as hedging instruments	Balance Sheet line item	Gross amounts of recognized assets		Gross amount offset in consolidated balance sheet			Net amount		Balance Sheet line item	Gross amounts of recognized liabilities			Gross amount offset in consolidated balance sheet		Net amount
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	Other non-current assets	$	2,072	$	(355	)	$	1,717	Other current liabilities / other liabilities	$	(483	)	$	—	$	(483	)
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(7,640		)	—		(7,640		)
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(12,120		)	—		(12,120		)
Currency forward contracts	Other non-current assets	—		—			—		Other liabilities	(9,896		)	—		(9,896		)
Total derivatives designated as hedging instruments		$	2,072	$	(355	)	$	1,717		$	(30,139	)	$	—	$	(30,139	)

Derivatives not designated as hedging instruments
Currency forward contracts	Other current assets / other assets	$	—	$	—		$	—	Other current liabilities / other liabilities	$	(8,033	)	$	3,229	$	(4,804	)
Currency Option Contracts	Other current assets / other assets	—		—			—		Other current liabilities / other liabilities	(651		)	—		(651		)
Total derivatives not designated as hedging instruments		$	—	$	—		$	—		$	(8,684	)	$	3,229	$	(5,455	)

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net



Derivatives in Hedging Relationships	Amount of Gain (Loss) Recognized in Comprehensive Income (Loss) on Derivatives
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	$	6,087		$	314		$	7,330		$	3,078
Cross-currency swaps	2,321			(740		)	5,492			3,971
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	(3,873		)	(841		)	(10,307		)	3,983
Currency forward contracts	(5,576		)	(802		)	(13,935		)	137
	$	(1,041	)	$	(2,069	)	$	(11,420	)	$	11,169

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended March 31, 2018 and 2017:



Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) to Net (Loss) Income												Affected line item in the Statement of Operations
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	$	100		$	(61	)	$	(6	)	$	(100	)	Interest expense, net
Cross-currency swaps	(3,321		)	(1,131		)	(8,756		)	6,366			Other (expense) income, net
Total before income tax	(3,221		)	(1,192		)	(8,762		)	6,266			Income (loss) before income taxes
Income tax	805			297			2,212			(1,568		)	Income tax expense
Total	$	(2,416	)	$	(895	)	$	(6,550	)	$	4,698

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]



	Amount of Gain (Loss) Recognized in Net (Loss) Income											Location of Gain (Loss) Recognized in Income (Ineffective Portion)
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives not designated as hedging instruments
Currency contracts	$	(9,103	)	$	(820	)	$	(19,382	)	$	12,481	Other (expense) income, net
Interest rate swaps	1			3			279			256		Other (expense) income, net
	$	(9,102	)	$	(817	)	$	(19,103	)	$	12,737

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of accumulated other comprehensive income (loss)

The following table presents a roll forward of amounts recognized in accumulated other comprehensive loss by component, net of tax of $(3,237) for the nine months ended March 31, 2018:



	Gains (losses) on cash flow hedges (1)			Gains (losses) on pension benefit obligation			Translation adjustments, net of hedges (2)			Total
Balance as of June 30, 2017	$	(2,250	)	$	(357	)	$	(110,791	)	$	(113,398	)
Other comprehensive income (loss) before reclassifications	12,822			—			24,650			37,472
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	(6,550		)	—			—			(6,550		)
Net current period other comprehensive income (loss)	6,272			—			24,650			30,922
Balance as of March 31, 2018	$	4,022		$	(357	)	$	(86,141	)	$	(82,476	)

________________________

(1) Gains (losses) on cash flow hedges include our interest rates swap and cross-currency swap contracts designated in cash flow hedging relationships.

Goodwill and Acquired Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The carrying amount of goodwill by reportable segment as of March 31, 2018 and June 30, 2017 is as follows:



	Vistaprint			Upload and Print		National Pen			All Other Businesses		Total
Balance as of June 30, 2017	$	147,207		$	321,805	$	34,520		$	11,431	$	514,963
Adjustments	(58		)	—		(86		)	—		(144		)
Effect of currency translation adjustments (1)	2,706			24,844		—			—		27,550
Balance as of March 31, 2018	$	149,855		$	346,649	$	34,434		$	11,431	$	542,369

_________________

(1) Relates to goodwill held by subsidiaries whose functional currency is not the U.S. Dollar.

Other Balance Sheet Components (Tables)

9 Months Ended

Mar. 31, 2018

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses included the following:



	March 31, 2018		June 30, 2017
Compensation costs	$	59,908	$	54,487
Income and indirect taxes	45,691		34,469
Advertising costs	28,001		26,641
Interest payable	10,335		5,263
Production costs	9,558		7,472
Shipping costs	6,817		6,651
Sales returns	5,722		4,474
Professional fees	3,138		3,021
Purchases of property, plant and equipment	2,077		3,786
Other	39,160		29,303
Total accrued expenses	$	210,407	$	175,567

Other Current Liabilities [Table Text Block]

Other current liabilities included the following:



	March 31, 2018		June 30, 2017
Contingent earn-out liability (1)	$	—	$	44,049
Current portion of lease financing obligation	12,569		12,569
Short-term derivative liabilities	17,184		7,243
Current portion of capital lease obligations	11,521		11,573
Mandatorily redeemable noncontrolling interest (2)	1,144		901
Other	504		2,100
Total other current liabilities	$	42,922	$	78,435

Schedule of Other Assets and Other Liabilities [Table Text Block]

Other liabilities included the following:



	March 31, 2018		June 30, 2017
Long-term derivative liabilities	$	64,986	$	31,936
Long-term capital lease obligations	20,458		28,306
Mandatorily redeemable noncontrolling interest (2)	2,757		2,456
Other (3)	32,409		31,985
Total other liabilities	$	120,610	$	94,683

_______________________

(1) On January 2, 2018, we paid the contingent earn-out liability in full, refer to the summary below for additional details.

(2) Relates to the mandatorily redeemable noncontrolling interest of Printi LLC. Refer to Note 11 for additional details.

Total Debt (Tables)

9 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt



	March 31, 2018			June 30, 2017
Senior secured credit facility	$	537,276		$	600,037
7.0% Senior unsecured notes due 2022	275,000			275,000
Other	7,906			7,541
Debt issuance costs and debt discounts (1)	(7,567		)	(5,922		)
Total debt outstanding, net	812,615			876,656
Less short-term debt (2)	26,214			28,926
Long-term debt	$	786,401		$	847,730

_____________________

(2) Balances as of March 31, 2018 and June 30, 2017 are inclusive of short-term debt issuance costs and debt discounts of $1,846 and $1,693, respectively

Noncontrolling interest (Tables)

9 Months Ended

Mar. 31, 2018

Noncontrolling Interest [Line Items]

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]

The following table presents the reconciliation of changes in our noncontrolling interests:



	Redeemable noncontrolling interests		Noncontrolling interest
Balance as of June 30, 2017	$	45,412	$	213
Net income attributable to noncontrolling interest	1,320		74
Proceeds from sale of noncontrolling interest	35,390		—
Foreign currency translation	5,683		—
Balance as of March 31, 2018	$	87,805	$	287

Segment Information (Tables)

9 Months Ended

Mar. 31, 2018

Segment Reporting, Revenue Reconciling Item [Line Items]

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

The following tables set forth revenue, segment profit (loss), total income from operations and total income before income taxes.



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
Revenue:
Vistaprint (1)	$	357,606		$	322,804		$	1,105,557		$	990,160
Upload and Print (2)	183,768			142,476			536,685			426,821
National Pen (3)	81,545			58,828			267,360			58,828
All Other Businesses (4)	18,865			28,027			67,913			99,410
Total segment revenue	641,784			552,135			1,977,515			1,575,219
Inter-segment eliminations	(5,715		)	(1,550		)	(16,108		)	(4,070		)
Total consolidated revenue	$	636,069		$	550,585		$	1,961,407		$	1,571,149

_____________________

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]



	Three Months Ended March 31,						Nine Months Ended March 31,
	2018			2017			2018			2017
Segment profit (loss):
Vistaprint	$	57,661		$	37,627		$	187,605		$	129,915
Upload and Print	17,367			12,983			54,605			43,232
National Pen	355			(3,226		)	19,185			(3,226		)
All Other Businesses	(9,342		)	(10,085		)	(25,459		)	(21,944		)
Total segment profit	66,041			37,299			235,936			147,977
Central and corporate costs	(35,891		)	(28,028		)	(97,558		)	(87,442		)
Acquisition-related amortization and depreciation	(13,030		)	(13,508		)	(38,330		)	(33,740		)
Earn-out related charges (1)	—			(4,882		)	(2,391		)	(28,139		)
Share-based compensation related to investment consideration	—			(375		)	(1,047		)	(5,079		)
Certain impairments (2)	—			(9,556		)	—			(9,556		)
Restructuring-related charges	(2,331		)	(24,790		)	(14,686		)	(25,890		)
Interest expense for Waltham, MA lease	1,838			1,897			5,645			5,823
Gain on the purchase or sale of subsidiaries (3)	—			—			48,380			—
Total income (loss) from operations	16,627			(41,943		)	135,949			(36,046		)
Other (expense) income, net	(1,558		)	(6,582		)	(25,602		)	21,835
Interest expense, net	(12,652		)	(11,584		)	(38,263		)	(31,119		)
Income (loss) before income taxes	$	2,417		$	(60,109	)	$	72,084		$	(45,330	)

___________________

(1) Includes expense recognized for the change in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment.

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]



	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Purchases of property, plant and equipment:
Vistaprint	$	4,843	$	12,046	$	29,342	$	31,590
Upload and Print	2,279		2,894		11,270		10,878
National Pen	1,183		1,013		4,891		1,013
All Other Businesses	252		4,134		1,231		10,647
Central and corporate costs	210		569		707		2,788
Total purchases of property, plant and equipment	$	8,767	$	20,656	$	47,441	$	56,916



	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Capitalization of software and website development costs:
Vistaprint	$	7,186	$	6,429	$	18,266	$	15,091
Upload and Print	1,149		514		2,939		1,627
National Pen	302		—		669		—
All Other Businesses	443		1,063		1,811		2,968
Central and corporate costs	2,282		1,562		5,791		8,992
Total capitalization of software and website development costs	$	11,362	$	9,568	$	29,476	$	28,678



	Three Months Ended March 31,				Nine Months Ended March 31,
	2018		2017		2018		2017
Depreciation and amortization:
Vistaprint	$	16,460	$	16,885	$	48,943	$	47,784
Upload and Print	15,701		14,151		45,426		42,182
National Pen	5,372		5,277		15,742		5,277
All Other Businesses	2,538		3,698		6,981		11,033
Central and corporate costs	3,366		3,391		10,028		9,508
Total depreciation and amortization	$	43,437	$	43,402	$	127,120	$	115,784

Revenues and long-lived assets by geographic area

The following tables set forth long-lived assets by geographic area:



	March 31, 2018		June 30, 2017
Long-lived assets (1):
Netherlands	$	106,816	$	83,223
Canada	83,878		85,926
Switzerland	52,811		49,017
Italy	45,121		44,423
United States	41,241		64,034
Australia	23,288		22,961
France	22,030		22,794
Jamaica	21,548		21,492
Japan	20,913		20,686
Other	71,786		64,377
Total	$	489,432	$	478,933

___________________

Restructuring Charges (Tables)

9 Months Ended

Mar. 31, 2018

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

The following table summarizes the restructuring activity during the nine months ended March 31, 2018:



	Severance and Related Benefits			Other Restructuring Costs			Total
Accrued restructuring liability as of June 30, 2017 (1)	$	4,602		$	208		$	4,810
Restructuring Charges (2)	14,595			91			14,686
Cash payments	(14,890		)	(216		)	(15,106		)
Non-cash charges (3)	(1,317		)	—			(1,317		)
Accrued restructuring liability as of March 31, 2018	$	2,990		$	83		$	3,073

_____________________

(1) Accrued restructuring liability as of June 30, 2017 relates to our restructuring initiative announced in January 2017 and all remaining obligations have been paid as of March 31, 2018.

(2) We do not expect any material charges to be incurred in future periods related to each of these initiatives.

(3) Non-cash charges include acceleration of share-based compensation expenses.

Summary of Significant Accounting Policies (Details Textuals)
€ in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

12 Months Ended

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Mar. 31, 2018

EUR (€)

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Jun. 30, 2018

USD ($)

Jun. 30, 2017

USD ($)

Proceeds from Divestiture of Interest in Consolidated Subsidiaries

Share-based Compensation

$ 13,492

$ 12,797

$ 33,718

$ 35,645

€ 78,382

93,071

Cash Dividends Paid to Parent Company by Consolidated Subsidiaries

11,874

Gain (Loss) on sale of subsidiaries

47,545

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

^[1]

(9,102)

(817)

(19,103)

12,737

Foreign Currency Transaction Gain (Loss), Realized

^[2]

7,519

(6,304)

(7,133)

5,719

Other Nonoperating Gains (Losses)

^[3]

539

634

3,379

Other (expense) income, net

(1,558)

(6,582)

(25,602)

21,835

Marketable Securities, Realized Gain

$ 0

$ (2,268)

Weighted average shares outstanding — basic | shares

30,724,018

31,103,388

30,992,066

31,323,451

Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | shares

1,284,454

Weighted average shares outstanding — diluted | shares

30,724,018

31,103,388

32,276,520

31,323,451

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares

1,448,530

1,262,902

3,054

1,379,481

Treasury Stock, Shares, Acquired | shares

$ 501,115

$ 511,947

895,377

593,763

Payments for Repurchase of Common Stock

$ 94,710

$ 50,008

Waltham Lease [Member]

Other Current Assets [Member]

112,956

116,045

Other Liabilities

116,307

$ 119,176

Cumulative Effect of New Accounting Principle in Period of Adoption

24,573

Deferred Tax Asset [Domain]

Cumulative Effect of New Accounting Principle in Period of Adoption

18,710

Retained Earnings [Member]

New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets

5,863

Cross Currency Interest Rate Contract [Member]

Unrealized Gain (Loss) on Cash Flow Hedging Instruments

3,582

$ 1,709

9,708

$ 4,684

Income Taxes [Member] | Scenario, Forecast [Member]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification

$ 9,787

Supplemental PSU [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Share-based Compensation

$ 5,615

$ 9,925

[1]	Primarily relates to both realized and unrealized (losses) gains on derivative currency forward and option contracts not designated as hedging instruments.
[2]	We have significant non-functional currency intercompany financing relationships that we may change at times and are subject to currency exchange rate volatility. The currency-related gains (losses), net for the three and nine months ended March 31, 2018 and 2017 are primarily driven by this intercompany activity. In addition, we have certain cross-currency swaps designated as cash flow hedges, which hedge the remeasurement of certain intercompany loans, both presented in the same component above. Unrealized losses related to cross-currency swaps were $3,582 and $9,708 for the three and nine months ended March 31, 2018, respectively, and unrealized losses of $1,709 and gains of $4,684 for the three and nine months ended March 31, 2017, respectively.
[3]	we recognized a gain of $2,268 related to the sale of Plaza Create Co. Ltd. available for sale securities.

Fair Value Measurements (Details)
€ in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2018

USD ($)

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Mar. 31, 2018

EUR (€)

Mar. 31, 2018

USD ($)

Jun. 30, 2017

USD ($)

Jun. 30, 2016

USD ($)

Business Combination, Contingent Consideration, Liability, Current

^[1]

$ 0

$ 44,049

Payment of contingent consideration in excess of acquisition date fair value

$ 48,069

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings

$ 220

$ 2,514

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss)

$ 278

(89)

Debt Instrument, Fair Value Disclosure

812,615

876,656

777,314

906,744

Total debt, Gross [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

WIRmachenDRUCK GmbH [Member]

820,182

882,578

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Contingent Consideration

(5,453)

Fair value, recurring measurements [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets, Fair Value Disclosure, Recurring

10,397

1,717

Liabilities, Fair Value Disclosure, Recurring

80,643

41,047

Interest Rate Swap [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative Assets (Liabilities), at Fair Value, Net

10,360

Cross Currency Interest Rate Contract [Member]

(483)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

(42,073)

(19,760)

Currency Swap [Member]

Derivative Assets (Liabilities), at Fair Value, Net

1,717

Foreign Exchange Option [Member]

(37,885)

(14,700)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

(685)

(651)

Maximum [Member]

Business Combination, Contingent Consideration, Liability, Current | €

€ 40,000

Not Designated as Hedging Instrument [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]

(5,455)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign Currency Contract, Asset, Fair Value Disclosure

Not Designated as Hedging Instrument [Member] | Foreign Exchange Option [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign Currency Contract, Asset, Fair Value Disclosure

(685)

(651)

Fair Value, Inputs, Level 2 [Member] | Fair value, recurring measurements [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets, Fair Value Disclosure, Recurring

10,397

1,717

Liabilities, Fair Value Disclosure, Recurring

80,643

35,594

Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative Assets (Liabilities), at Fair Value, Net

10,360

Fair Value, Inputs, Level 2 [Member] | Cross Currency Interest Rate Contract [Member]

(483)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 2 [Member] | Currency Swap [Member]

(42,073)

(19,760)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative Assets (Liabilities), at Fair Value, Net

1,717

Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Option [Member]

(37,885)

(14,700)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 3 [Member] | Fair value, recurring measurements [Member]

(685)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Liabilities, Fair Value Disclosure, Recurring

5,453

Other Noncurrent Liabilities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value

$ 1,212

Contingent Consideration

(3,637)

Other Noncurrent Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Contingent Consideration

(5,453)

Other Current Liabilities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value

^[2]

$ 0

$ 5,453

Noncontrolling Interest [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Payment of continent consideration relating to business combination

$ (5,951)

Other Noncurrent Liabilities [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Payment of continent consideration relating to business combination

$ 0

[1]	On January 2, 2018, we paid the contingent earn-out liability in full, refer to the summary below for additional details.
[2]	As of June 30, 2017 and March 31, 2017, contingent consideration was classified as a current liability on the consolidated balance sheets. As of June 30, 2016 the liability was classified as a long-term liability on the consolidated balance sheet.

Derivative Financial Instruments (Details)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Mar. 31, 2018

USD ($)

instrument

Mar. 31, 2017

USD ($)

instrument

Jun. 30, 2017

USD ($)

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

^[1]

$ (9,102)

$ (817)

$ (19,103)

$ 12,737

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

(1,041)

(2,069)

(11,420)

$ 11,169

Designated as Hedging Instrument [Member]

10,452

$ 2,072

(92)

(355)

(65,904)

(30,139)

Interest Rate Cash Flow Hedge Asset at Fair Value

(65,904)

(30,139)

10,360

1,717

Not Designated as Hedging Instrument [Member]

(16,175)

(8,684)

1,436

3,229

Interest Rate Swap Contracts, Assets, Fair Value Disclosure

(5,455)

Foreign Exchange Option [Member]

Foreign Exchange Option [Member] | Not Designated as Hedging Instrument [Member]

(685)

(651)

(814)

(651)

129

Foreign Currency Contract, Asset, Fair Value Disclosure

(685)

(651)

$ 11

Interest Rate Swap [Member]

Derivative, Number of Ineffective Instruments Held | instrument

(483)

Notional Amount of Interest Rate Derivatives

65,000

$ 65,000

Notional value of contracts with future start date

350,000

Total current and future notional amount

$ 415,000

Derivative, Underlying Basis

one-month LIBOR

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

$ 1

$ 279

$ 256

Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months

$ 119

Interest Rate Swap [Member] | Minimum [Member]

Interest Rate Swap [Member] | Maximum [Member]

Dec. 31, 2018

Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]

Dec. 31, 2025

10,452

$ 10,452

2,072

(92)

(355)

(483)

Interest Rate Cash Flow Hedge Liability at Fair Value

(483)

Interest Rate Cash Flow Hedge Asset at Fair Value

10,360

1,717

Foreign Exchange Forward [Member]

$ 512,301

Derivative, Underlying Basis

489

Various

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

$ (9,103)

(820)

$ (19,382)

12,481

Foreign Exchange Forward [Member] | Minimum [Member]

Foreign Exchange Forward [Member] | Maximum [Member]

Oct. 15, 2018

Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]

Oct. 17, 2022

$ 26

(15,361)

(8,033)

Derivative, Net Liability Position, Aggregate Fair Value

1,307

3,229

(4,804)

Foreign Currency Contract, Asset, Fair Value Disclosure

Foreign Currency Contracts, Liability, Fair Value Disclosure

(14,054)

Currency Swap [Member]

Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value

(37,885)

(14,700)

(18,897)

$ 120,011

Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months

$ 865

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

$ 2,321

(740)

$ 5,492

3,971

Currency Swap [Member] | Minimum [Member]

Currency Swap [Member] | Maximum [Member]

Apr. 01, 2019

Currency Swap [Member] | Designated as Hedging Instrument [Member]

Jun. 30, 2019

(18,897)

$ (18,897)

(7,640)

Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value

(7,640)

Interest Expense [Member] | Interest Rate Swap [Member]

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

6,087

314

7,330

3,078

Fair value, recurring measurements [Member] | Foreign Exchange Forward [Member]

Foreign Currency Contracts, Liability, Fair Value Disclosure

(14,739)

Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Expense [Member] | Interest Rate Swap [Member]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

100

(61)

(6)

(100)

Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Other Income [Member] | Currency Swap [Member]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(3,321)

1,131

(8,756)

6,366

Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

2,416

895

6,550

(4,698)

Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Income (loss) before taxes [Member]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(3,221)

(1,192)

(8,762)

6,266

Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Income Taxes [Member] | Interest Rate Swap [Member]

Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net

(805)

(297)

2,212

(1,568)

Net Investment Hedging [Member] | Currency Swap [Member]

$ 122,969

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

$ (3,873)

(841)

$ (10,307)

3,983

Net Investment Hedging [Member] | Currency Swap [Member] | Designated as Hedging Instrument [Member]

(23,176)

(12,120)

Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value

(23,176)

(12,120)

Net Investment Hedging [Member] | Forward Contracts [Member]

$ 175,262

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

$ (5,576)

$ (802)

$ (13,935)

$ 137

Net Investment Hedging [Member] | Forward Contracts [Member] | Designated as Hedging Instrument [Member]

(23,831)

(9,896)

Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value

$ (23,831)

$ (9,896)

[1]	Primarily relates to both realized and unrealized (losses) gains on derivative currency forward and option contracts not designated as hedging instruments.

Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Mar. 31, 2018

Jun. 30, 2017

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated other comprehensive income (loss), tax

$ (3,237)

Derivatives used in Net Investment Hedge, Net of Tax, Period Increase (Decrease)

(41,290)

$ (17,048)

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Other comprehensive income (loss) before reclassifications

(113,398)

37,472

Amounts reclassified from accumulated other comprehensive loss to net (loss) income

(6,550)

Net current period other comprehensive income (loss)

30,922

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

(82,476)

(113,398)

Pension Plan [Member]

Amounts reclassified from accumulated other comprehensive loss to net (loss) income

(357)

Net current period other comprehensive income (loss)

Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]

(357)

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Other comprehensive income (loss) before reclassifications

^[1]

(2,250)

^[1]

12,822

Amounts reclassified from accumulated other comprehensive loss to net (loss) income

^[1]

(6,550)

Net current period other comprehensive income (loss)

^[1]

6,272

Accumulated Translation Adjustment [Member]

^[1]

4,022

(2,250)

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Other comprehensive income (loss) before reclassifications

^[2]

(110,791)

^[2]

24,650

Amounts reclassified from accumulated other comprehensive loss to net (loss) income

^[2]

Net current period other comprehensive income (loss)

^[2]

24,650

AOCI Attributable to Parent [Member]

^[2]

(86,141)

$ (110,791)

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax

$ 0

[1]	Gains (losses) on cash flow hedges include our interest rates swap and cross-currency swap contracts designated in cash flow hedging relationships.
[2]	As of March 31, 2018 and June 30, 2017, the translation adjustment is inclusive of the effects of our net investment hedges, of which, unrealized losses of $41,290 and $17,048, respectively, net of tax, have been included in accumulated other comprehensive loss.

Goodwill and Acquired Intangible Assets (Details) - USD ($)

3 Months Ended

9 Months Ended

Mar. 31, 2018

Mar. 31, 2017

Mar. 31, 2018

Mar. 31, 2017

Goodwill, Purchase Accounting Adjustments

$ 514,963,000

^[1]

(144,000)

27,550,000

Amortization of acquired intangible assets

$ 542,369,000

542,369,000

12,941,000

$ 13,450,000

38,132,000

$ 33,542,000

Impairment of goodwill and acquired intangible assets

9,556,000

Vistaprint Business Unit [Member]

Goodwill, Purchase Accounting Adjustments

147,207,000

^[1]

(58,000)

2,706,000

Upload and Print Business Units [Member]

149,855,000

321,805,000

24,844,000

National Pen CO. LLC [Member]

346,649,000

Goodwill, Purchase Accounting Adjustments

34,520,000

^[1]

(86,000)

All Other Business Units [Member]

34,434,000

11,431,000

Finite-Lived Intangible Assets [Member]

$ 11,431,000

Impairment of goodwill and acquired intangible assets

3,211,000

Goodwill [Member]

Impairment of goodwill and acquired intangible assets

$ 6,345,000

Other Intangible Assets [Member]

Impairment of goodwill and acquired intangible assets

$ 3,211

[1]	Relates to goodwill held by subsidiaries whose functional currency is not the U.S. Dollar.

Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Schedule of other current liabilities [Line Items]
Compensation costs	$ 59,908	$ 54,487
Income and indirect taxes	45,691	34,469
Accrued Advertising	28,001	26,641
Shipping costs	6,817	6,651
Sales returns	5,722	4,474
Production costs	9,558	7,472
Interest Payable	10,335	5,263
Purchases of property, plant and equipment	2,077	3,786
Professional costs	3,138	3,021
Other	39,160	29,303
Accrued Liabilities	$ 210,407	$ 175,567

Other Current Liabilities (Details)
€ in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2017

USD ($)

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Mar. 31, 2018

EUR (€)

Mar. 31, 2018

USD ($)

Jun. 30, 2017

USD ($)

Schedule of other current liabilities [Line Items]

Business Combination, Contingent Consideration, Liability, Current

^[1]

$ 0

$ 44,049

Lease financing obligation, short-term portion

12,569

Derivative Liability, Current

17,184

7,243

Capital Lease Obligations, Current

11,521

11,573

Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Current

^[2]

1,144

901

Other Liabilities, Current

42,922

78,435

Asset at Fair Value, Changes in Fair Value Resulting from Changes in Assumptions

$ 4,598

$ 1,774

$ 27,364

Other Current Liabilities [Member]

Schedule of other current liabilities [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value

^[3]

5,453

Other Liabilities, Current

$ 504

2,100

Maximum [Member]

Schedule of other current liabilities [Line Items]

Business Combination, Contingent Consideration, Liability, Current | €

€ 40,000

WIRmachenDRUCK GmbH [Member]

Schedule of other current liabilities [Line Items]

Business Combination, Contingent Consideration, Liability

$ 5,453

[1]	On January 2, 2018, we paid the contingent earn-out liability in full, refer to the summary below for additional details.
[2]	Relates to the mandatorily redeemable noncontrolling interest of Printi LLC. Refer to Note 11 for additional details.
[3]	As of June 30, 2017 and March 31, 2017, contingent consideration was classified as a current liability on the consolidated balance sheets. As of June 30, 2016 the liability was classified as a long-term liability on the consolidated balance sheet.

Other Balance Sheet Components Other liabilities (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2018

Jun. 30, 2017

Schedule of other liabilities [Line Items]

Payment of contingent consideration in excess of acquisition date fair value

$ 48,069

Derivative Liability, Noncurrent

64,986

$ 31,936

Capital Lease Obligations, Noncurrent

20,458

28,306

Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Noncurrent

^[1]

2,757

2,456

Other Liabilities, Noncurrent

120,610

94,683

Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent

9,773

8,173

Other Noncurrent Liabilities [Member]

Schedule of other liabilities [Line Items]

Other Liabilities, Noncurrent

^[2]

$ 32,409

$ 31,985

[1]	Relates to the mandatorily redeemable noncontrolling interest of Printi LLC. Refer to Note 11 for additional details.
[2]	As of March 31, 2018 and June 30, 2017, other liabilities includes $9,773 and $8,173, respectively, related to share-based compensation awards associated with our investment in Printi LLC. Refer to Note 11 for additional details.

Debt (Details) - USD ($)
$ in Thousands

9 Months Ended

Mar. 31, 2018

Jun. 30, 2017

Debt Issuance Cost, Gross, Noncurrent

$ 812,615

$ 876,656

Senior Notes

275,000

Other Long-term Debt

7,906

7,541

3,251

Short-term debt

^[1]

26,214

28,926

Long-term debt

786,401

847,730

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,045,000

Description of variable rate basis

LIBOR

Debt Instrument, Unamortized Discount

^[2]

$ (7,567)

(5,922)

Line of Credit [Member]

Debt Instrument, Unamortized Discount

(1,846)

(1,693)

Revolving Credit Facility [Member]

537,276

600,037

Senior Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

Senior Notes

$ 275,000

7.00%

Line of Credit [Member]

Line of Credit Facility, Current Borrowing Capacity

$ 1,033,750

Line of Credit [Member] | Minimum [Member]

Commitment fee (percentage)

Basis spread on LIBOR

1.50%

0.225%

Line of Credit [Member] | Maximum [Member]

Commitment fee (percentage)

Basis spread on LIBOR

2.25%

0.40%

Revolving Loan, Maturity July 13, 2022 [Member]

Weighted average interest rate

3.56%

Term Loan [Domain] | Line of Credit [Member]

Line of Credit Facility, Current Borrowing Capacity

$ 288,750

Revolving Loan, Maturity July 13, 2022 [Member] | Line of Credit [Member]

Line of Credit Facility, Current Borrowing Capacity

$ 745,000

Redemption Any Time Prior to April 1, 2018

Debt Instrument, Redemption Price, Percentage

107.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

35.00%

Redemption Any Time Prior to April 1, 2018 - Percentage of Aggregate Outstanding Principal

Debt Instrument, Redemption Price, Percentage

100.00%

[1]	Balances as of March 31, 2018 and June 30, 2017 are inclusive of short-term debt issuance costs and debt discounts of $1,846 and $1,693, respectively
[2]	During the nine months ended March 31, 2018, we capitalized $3,251 in debt issuance costs, which related to the amendment and restatement to our senior secured credit facility. Refer below for additional details relating to the amendment.

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)	$ 4,019	$ (17,431)	$ 19,657	$ (7,644)
Tax payment term			7 years 6 months
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Amount	(1,329)	$ (45)	$ (2,802)	$ (4,659)
Unrecognized Tax Benefits	4,872		4,872
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	355
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Unrecognized Tax Benefits	600		600
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Unrecognized Tax Benefits	800		$ 800
Tax Cuts and Jobs Act of 2017 [Member]
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)	$ 4,742

Noncontrolling interest (Details) € in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018 USD ($)	Mar. 31, 2017 USD ($)	Mar. 31, 2018 EUR (€)	Mar. 31, 2018 USD ($)	Mar. 31, 2017 USD ($)	Mar. 31, 2018 USD ($)	Jun. 30, 2017 USD ($)
Noncontrolling Interest [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest						$ 287	$ 213
Net Income (Loss) Attributable to Noncontrolling Interest	$ 663	$ 256		$ 1,394	$ (677)
Proceeds from Noncontrolling Interests				35,390	$ 0
WIRmachenDRUCK GmbH [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			12.00%			12.00%
Proceeds from Noncontrolling Interests			€ 30,000	35,390
Exagroup SAS [Member]
Noncontrolling Interest [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			70.00%			70.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			30.00%			30.00%
Redeemable Noncontrolling Interest, Equity, Other, Redemption Value \| €			€ 39,000
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest						$ 287	213
Net Income (Loss) Attributable to Noncontrolling Interest				74
Redeemable noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest						$ 87,805	$ 45,412
Net Income (Loss) Attributable to Noncontrolling Interest				1,320
Proceeds from Noncontrolling Interests				35,390
Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest				$ 5,683

Variable Interest Entities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Variable Interest Entity [Line Items]
Liability equity award, fair value			$ 9,773
Liability equity award, expense recognized during period		$ 374	$ 1,047	$ 1,158
Variable Interest Entity, Ownership Percentage			49.99%
Loans to employee			$ 24,000
Due from Employees, Noncurrent			$ 17,251
Interest rate on loan receivable			8.50%
Subsequent Event [Member]
Variable Interest Entity [Line Items]
Additional ownership percentage purchase, Variable interest entity	3.70%

Segment Information (Details)

3 Months Ended

9 Months Ended

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Mar. 31, 2018

USD ($)

Mar. 31, 2017

USD ($)

Jun. 30, 2017

USD ($)

Number of Reportable Segments

$ 11,362,000

$ 9,568,000

$ 29,476,000

$ 28,678,000

641,784,000

552,135,000

$ 1,977,515,000

1,575,219,000

Revenue

636,069,000

550,585,000

1,961,407,000

1,571,149,000

(235,936,000)

(147,977,000)

Change in contingent earn-out liability

43,437,000

43,402,000

127,120,000

115,784,000

1,774,000

27,364,000

(13,492,000)

(12,797,000)

(33,718,000)

(35,645,000)

Equity Method Investment, Realized Gain (Loss) on Disposal

^[1]

(2,331,000)

(24,790,000)

(14,686,000)

(25,890,000)

48,380,000

^[2]

Other (expense) income, net

16,627,000

(41,943,000)

135,949,000

(36,046,000)

(1,558,000)

(6,582,000)

(25,602,000)

21,835,000

Interest expense, net

(12,652,000)

(11,584,000)

(38,263,000)

(31,119,000)

Income (loss) before income taxes

2,417,000

(60,109,000)

72,084,000

(45,330,000)

8,767,000

20,656,000

47,441,000

56,916,000

^[3]

489,432,000

$ 478,933,000

Deferred tax assets

66,753,000

48,004,000

542,369,000

514,963,000

Intangible assets, net

250,593,000

275,924,000

501,115,000

511,947,000

Canada [Member]

83,878,000

85,926,000

Netherlands [Member]

106,816,000

83,223,000

Switzerland [Member]

52,811,000

49,017,000

Australia [Member]

23,288,000

22,961,000

Jamaica [Member]

21,548,000

21,492,000

FRANCE

22,030,000

22,794,000

ITALY

45,121,000

44,423,000

JAPAN

20,913,000

20,686,000

Other [Member]

71,786,000

64,377,000

UNITED STATES

41,241,000

64,034,000

Waltham Lease [Member]

Interest Expense

5,645,000

5,823,000

Central and corporate costs [Member]

112,956,000

116,045,000

2,282,000

1,562,000

5,791,000

8,992,000

323,000

968,000

97,558,000

87,442,000

(3,366,000)

(3,391,000)

(10,028,000)

(9,508,000)

(35,891,000)

28,028,000

All Other Business Units [Member]

210,000

569,000

707,000

2,788,000

443,000

1,063,000

1,811,000

2,968,000

^[4]

18,865,000

28,027,000

67,913,000

99,410,000

140,000

420,000

25,459,000

21,944,000

(2,538,000)

(3,698,000)

(6,981,000)

(11,033,000)

(819,000)

252,000

4,134,000

1,231,000

10,647,000

Vistaprint Business Unit [Member]

11,431,000

7,186,000

6,429,000

18,266,000

15,091,000

^[5]

357,606,000

322,804,000

1,105,557,000

990,160,000

(624,000)

(1,871,000)

(187,605,000)

(129,915,000)

(16,460,000)

(16,885,000)

(48,943,000)

(47,784,000)

(106)

(11,782)

4,843,000

12,046,000

29,342,000

31,590,000

Upload and Print Business Units [Member]

149,855,000

147,207,000

1,149,000

514,000

2,939,000

1,627,000

^[6]

183,768,000

142,476,000

536,685,000

426,821,000

161,000

483,000

(54,605,000)

(43,232,000)

(15,701,000)

(14,151,000)

(45,426,000)

(42,182,000)

2,279,000

2,894,000

11,270,000

10,878,000

National Pen CO. LLC [Member]

346,649,000

321,805,000

302,000

669,000

^[7]

81,545,000

58,828,000

267,360,000

58,828,000

(19,185,000)

3,226,000

(5,372,000)

(5,277,000)

(15,742,000)

(5,277,000)

1,183,000

1,013,000

4,891,000

1,013,000

34,434,000

$ 34,520,000

Share-based compensation related to investment consideration [Member]

13,030,000

13,508,000

38,330,000

33,740,000

(375,000)

(1,047,000)

(5,079,000)

(718,000)

(6,257,000)

(1,327,000)

(6,257,000)

Certain impairments [Domain]

(2,331,000)

(24,790,000)

(14,686,000)

(25,890,000)

Change in fair value of contingent consideration [Member]

Asset Impairment Charges

(9,556,000)

Change in contingent earn-out liability

^[8]

(4,882,000)

(2,391,000)

(28,139,000)

Waltham Lease [Member]

Operating Segments [Member]

Interest Expense

1,838,000

1,897,000

Operating Segments [Member] | All Other Business Units [Member]

66,041,000

37,299,000

Operating Segments [Member] | Vistaprint Business Unit [Member]

(9,342,000)

(10,085,000)

Operating Segments [Member] | Upload and Print Business Units [Member]

57,661,000

37,627,000

Operating Segments [Member] | National Pen CO. LLC [Member]

17,367,000

12,983,000

Intersegment Eliminations [Member]

355,000

(3,226,000)

Intersegment Eliminations [Member] | All Other Business Units [Member]

(5,715,000)

(1,550,000)

(16,108,000)

(4,070,000)

Intersegment Eliminations [Member] | Vistaprint Business Unit [Member]

1,834,000

4,943,000

Intersegment Eliminations [Member] | Upload and Print Business Units [Member]

2,747,000

$ 1,550,000

7,753,000

$ 4,069,000

Intersegment Eliminations [Member] | National Pen CO. LLC [Member]

329,000

1,137,000