0001262976-22-000031 | 10-K | XBRL Viewer

Fair Value Measurements

12 Months Ended

Jun. 30, 2022

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:


	June 30, 2022
	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	$	14,336	$	—	$	14,336	$	—

Currency forward contracts	20,638		—		20,638		—
Currency option contracts	10,611		—		10,611		—
Total assets recorded at fair value	$	45,585	$	—	$	45,585	$	—

Liabilities

Cross-currency swap contracts	(446)		—		(446)		—
Currency forward contracts	(505)		—		(505)		—
Currency option contracts	(9)		—		(9)		—
Total liabilities recorded at fair value	$	(960)	$	—	$	(960)	$	—


	June 30, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Currency forward contracts	$	1,679	$	—	$	1,679	$	—
Total assets recorded at fair value	$	1,679	$	—	$	1,679	$	—

Liabilities
Interest rate swap contracts	$	(25,193)	$	—	$	(25,193)	$	—
Cross-currency swap contracts	(9,914)		—		(9,914)		—
Currency forward contracts	(19,651)		—		(19,651)		—
Currency option contracts	(3,080)		—		(3,080)		—
Total liabilities recorded at fair value	$	(57,838)	$	—	$	(57,838)	$	—

During the years ended June 30, 2022 and 2021, 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 June 30, 2022, 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.

As of June 30, 2022 and June 30, 2021, the carrying amounts of our cash and cash equivalents, accounts receivable, accounts payable and other current liabilities approximated their estimated fair values. As of June 30, 2022 and June 30, 2021, the carrying value of our debt, excluding debt issuance costs and debt premiums and discounts, was $1,705,365 and $1,764,856, respectively, and the fair value was $1,600,627 and $1,767,209, respectively. Our debt at June 30, 2022 includes variable-rate debt instruments indexed to LIBOR that resets periodically, as well as 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.

As of June 30, 2022 and June 30, 2021 our held-to-maturity marketable securities were held at an amortized cost of $49,952 and $202,961, respectively, while the fair value was $49,406 and $202,766, respectively. The securities were valued using quoted prices for identical assets in active markets, which fall into Level 1 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

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)	$ 59,901	$ 18,903	$ (80,992)
Unrecognized Tax Benefits	12,996	13,399	5,847	$ 4,721
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	7,790
Income (loss) before income taxes	9,331	(63,554)	3,003
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	2,958	7,448	769
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation	(29)	(19)	(4)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(799)	(229)	(71)
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(2,958)	(83)	(52)
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(23)	(51)	(102)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	$ 448	$ 448	$ 586
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(14.90%)	2.90%	(109.90%)
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	4.80%	(0.50%)	7.40%
Effective Income Tax Rate Reconciliation, Italy Patent Box, Percent	(12.00%)	0.00%	(24.20%)

Shareholders' Equity

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Shareholders' Equity [Abstract]

Stockholders' Equity, Policy [Policy Text Block]

Shareholders' Deficit

Warrants

In conjunction with our issuance of our 12% Senior Secured Notes due 2025 in fiscal year 2020, we also issued 7-year warrants, to purchase 1,055,377 ordinary shares of Cimpress, representing approximately 3.875% of our outstanding diluted ordinary shares. The warrants are accounted for as equity, as they are redeemable only in our own shares, with an exercise price of $60 per share. The warrants may be exercised by cash payment or through cashless exercise by the surrender of warrant shares having a value equal to the exercise price of the portion of the warrant being exercised.

The fair value used for the warrants in this allocation was calculated using the Monte Carlo valuation model. The valuation of the notes and warrants resulted in a carrying value allocated to the warrants of $22,432, which, in addition to be being accounted for as an equity instrument recorded in additional paid in capital, was included as a discount to the 12% Senior Secured Notes. As of June 30, 2022 the warrants remain outstanding.

Share-based awards

On November 25, 2020, our shareholders approved our 2020 Equity Incentive Plan, or the 2020 Plan. Upon approval, we ceased granting any new awards under any of our prior equity plans that had shares available for future grant, consisting of our 2016 Performance Equity Plan, 2011 Equity Incentive Plan, and 2005 Non-Employee Directors' Share Option Plan, and we now grant all equity awards under the 2020 Plan. The maximum number of ordinary shares to be issued under the 2020 Plan is 3,500,000 plus an additional number of ordinary shares equal to the number of PSUs currently outstanding under the 2016 Performance Equity Plan that expire, terminate or are

otherwise surrendered, canceled or forfeited. The 2020 Plan allows us to grant share options, share appreciation rights, restricted shares, restricted share units, other share-based awards, and dividend equivalent rights to our employees, officers, non-employee directors, consultants, and advisors.

As noted above, we currently grant equity awards under our 2020 Plan. Our 2016 Performance Equity Plan previously allowed us to grant PSUs to our employees, officers, non-employee directors, consultants, and advisors. The 2011 Equity Incentive Plan previously allowed us to grant share options, share appreciation rights, restricted shares, restricted share units and other awards based on our ordinary shares to our employees, officers, non-employee directors, consultants and advisors. Our 2005 Non-Employee Directors’ Share Option Plan previously allowed us to grant share options to our non-employee directors upon initial appointment as a director and annually thereafter in connection with our annual general meeting of shareholders if they continued to serve as a director at such time.

As of June 30, 2022, 1,480,926 ordinary shares were available for future awards under our 2020 Plan. For PSUs, we assumed that we would issue ordinary shares equal to 250% of the outstanding PSUs, which is the maximum potential share issuance. Treasury shares and newly issued shares have both historically been used in fulfillment of our share-based awards.

Performance share units ("PSUs")

PSU awards entitle the recipient to receive Cimpress ordinary shares between 0% and 250% of the number of units, based upon continued service to Cimpress and the achievement of a compounded annual growth rate target based on Cimpress' three-year moving average share price. Awards with a grant date prior to fiscal year 2020 and all awards granted to our Chief Executive Officer and Board of Directors will be assessed annually in years 6 - 10 following the grant date and awards with a grant date in or after fiscal year 2020 (other than to the CEO and Board) will be assessed annually in years 4 - 8 following the grant date. The fair value of the PSUs is based on a Monte Carlo simulation, and the resulting expense is recognized on an accelerated basis over the requisite service period.

A summary of our PSU activity and related information for the fiscal year ended June 30, 2022 is as follows:


	PSUs	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding at the beginning of the period	1,158,716	$	134.45
Granted	215,899	110.28
Vested and distributed	—	—
Forfeited	(15,373)	134.98
Outstanding at the end of the period	1,359,242	$	130.61	$	52,875

The weighted average fair value of PSUs granted during the fiscal years ended June 30, 2022, 2021, and 2020 was $110.28, $129.25, and $142.90, respectively. The total intrinsic value of PSUs outstanding at the fiscal years ended June 30, 2022, 2021, and 2020 was $52,875, $125,616, and $78,951, respectively. As of June 30, 2022, the number of shares subject to PSUs included in the table above assumes the issuance of one share for each PSU, but based on actual performance that amount delivered can range from zero shares to a maximum of 3,398,105 shares.

Restricted share units

The fair value of an RSU award is equal to the fair market value of our ordinary shares on the date of grant and the expense is recognized on a straight-line basis over the requisite service period. RSUs generally vest over 4 years.

A summary of our RSU activity and related information for the fiscal year ended June 30, 2022 is as follows:


	RSUs	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Unvested at the beginning of the period	434,389	$	93.54
Granted	771,671	80.26
Vested and distributed	(113,207)	93.92
Forfeited	(54,619)	92.91
Unvested at the end of the period	1,038,234	$	83.66	$	40,387

The weighted average fair value of RSUs granted during the fiscal years ended June 30, 2022, 2021, and 2020 was $80.26, $93.64, and $46.94, respectively. The total intrinsic value of RSUs vested during the fiscal years ended June 30, 2022, 2021, 2020 was $10,123, $17,231, and $1,905, respectively.

Share options

We have previously granted options to purchase ordinary shares at prices that are at least equal to the fair market value of the shares on the date the option is granted and that generally vest over 4 years with a contractual term of ten years.

The fair value of each option award subject only to service period vesting is estimated on the date of grant using the Black-Scholes option pricing model and recognized as expense on a straight-line basis over the requisite service period. Use of a valuation model requires management to make certain assumptions with respect to inputs. The expected volatility assumption is based upon historical volatility of our share price. The expected term assumption is based on the contractual and vesting term of the option and historical experience. The risk-free interest rate is based on the U.S. Treasury yield curve with a maturity equal to the expected life assumed at the grant date. The fair value of share options with a market condition is determined using a lattice model with compensation expense recorded on an accelerated basis over the requisite service period.

We did not grant any share options in fiscal year 2022. A summary of our share option activity and related information for the year ended June 30, 2022 is as follows:


	Shares Pursuant to Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at the beginning of the period	5,298	$	80.01	3.8
Granted	—	—
Exercised	—	—
Forfeited/expired	—	—
Outstanding at the end of the period	5,298	80.01		2.8	$	—
Exercisable at the end of the period	5,298	$	80.01	2.8	$	—

The intrinsic value in the table above represents the total pre-tax amount, net of exercise price, which would have been received if all option holders exercised in-the-money options on June 30, 2022. No options were exercised during the fiscal year ended June 30, 2022. The total intrinsic value of options exercised during the fiscal years ended June 30, 2021 and 2020 was $5,460, and $92,582, respectively.

Share-based compensation

Total share-based compensation costs were $49,766, $37,034, and $34,874 for the years ended June 30, 2022, 2021, and 2020, respectively, and we elected to recognize the impact of forfeitures as they occur. Share-based compensation costs capitalized as part of software and website development costs were $1,221, $1,338, and $1,157 for the years ended June 30 2022, 2021, and 2020, respectively. As of June 30, 2022, there was $89,977 of total unrecognized compensation cost related to non-vested, share-based compensation arrangements. This cost is expected to be recognized over a weighted average period of 2.5 years.

Shareholders' Equity and Share-based Payments

Shareholders' Deficit

Warrants

Share-based awards

Performance share units ("PSUs")

A summary of our PSU activity and related information for the fiscal year ended June 30, 2022 is as follows:


	PSUs	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding at the beginning of the period	1,158,716	$	134.45
Granted	215,899	110.28
Vested and distributed	—	—
Forfeited	(15,373)	134.98
Outstanding at the end of the period	1,359,242	$	130.61	$	52,875

Restricted share units

A summary of our RSU activity and related information for the fiscal year ended June 30, 2022 is as follows:


	RSUs	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Unvested at the beginning of the period	434,389	$	93.54
Granted	771,671	80.26
Vested and distributed	(113,207)	93.92
Forfeited	(54,619)	92.91
Unvested at the end of the period	1,038,234	$	83.66	$	40,387

Share options

We did not grant any share options in fiscal year 2022. A summary of our share option activity and related information for the year ended June 30, 2022 is as follows:


	Shares Pursuant to Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at the beginning of the period	5,298	$	80.01	3.8
Granted	—	—
Exercised	—	—
Forfeited/expired	—	—
Outstanding at the end of the period	5,298	80.01		2.8	$	—
Exercisable at the end of the period	5,298	$	80.01	2.8	$	—

Share-based compensation

92,582

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

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

3 Months Ended

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Goodwill [Line Items]

Goodwill

$ 766,600

$ 726,979

$ 621,904

Goodwill, Acquired During Period

83,652

^[1]

85,000

Goodwill, Purchase Accounting Adjustments

(821)

Goodwill, Foreign Currency Translation Gain (Loss)

(43,210)

^[2]

20,075

Amortization of acquired intangible assets

54,497

53,818

51,786

Virunga Acquisition

Goodwill [Line Items]

Goodwill, Acquired During Period

10,484

Goodwill [Member] | Virunga Acquisition

Goodwill [Line Items]

Payments to Acquire Businesses, Gross

10,484

Vista [Member]

Goodwill [Line Items]

Goodwill

291,498

225,147

150,846

Goodwill, Acquired During Period

73,168

70,792

Goodwill, Purchase Accounting Adjustments

(821)

Goodwill, Foreign Currency Translation Gain (Loss)

(5,996)

3,509

PrintBrothers [Member]

Goodwill [Line Items]

Goodwill

130,828

137,307

129,764

Goodwill, Foreign Currency Translation Gain (Loss)

(16,963)

7,543

The Print Group [Member]

Goodwill [Line Items]

Goodwill

143,969

164,220

155,197

Goodwill, Foreign Currency Translation Gain (Loss)

(20,251)

9,023

All Other Businesses [Member]

Goodwill [Line Items]

Goodwill

$ 200,305

200,305

$ 186,097

Goodwill, Foreign Currency Translation Gain (Loss)

$ 0

[1]

On October 1, 2021, we acquired Depositphotos Inc., which is included in our Vista reportable segment. In the third quarter of fiscal 2022, we recognized goodwill related to an immaterial acquisition within our PrintBrothers reportable segment. In fiscal year 2021, we acquired 99designs, which is included in our Vista reportable segment, and a small business included within our All Other Businesses reportable segment. Refer to Note 7 for additional details.

[2]

Related to goodwill held by subsidiaries whose functional currency is not the U.S. dollar.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Basis of Presentation

The consolidated financial statements include the accounts of Cimpress plc, 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. Investments in entities in which we cannot exercise significant influence, and for which the related equity securities do not have a readily determinable fair value, are included in other assets on the consolidated balance sheets; otherwise the investments are recognized by applying equity method accounting. Our equity method investments are included in other assets on the consolidated balance sheets.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“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.

In light of the recent Russian invasion of Ukraine and the related sanctions that have been placed on certain Russian entities and activities, we have evaluated the impacts that these events have on our business and on our financial results. Currently, we have no material exposure to Ukraine and Russia in terms of revenue, supply and tangible assets. We also considered any triggering events for our intangibles assets and due to the limited exposure we have to both countries, we concluded that no triggering events have occurred. We do have employees in Ukraine from our recently acquired Depositphotos business, and we are providing financial and other assistance to those employees. The impact of these costs are not material to our financial results.

Error Correction

Revision of Prior Period Financial Statements

Foreign Currency Gains Associated with Intercompany Loan Hedge

During the second fiscal quarter of 2022, we identified an error related to the recognition of foreign currency gains that were included in other income (expense), net within our consolidated statements of operations, associated with a net investment hedge. In May 2021, we designated a €300,000 intercompany loan as a net investment hedge to hedge the risk of changes in the U.S. dollar equivalent value of a portion of our net investment in one of our consolidated subsidiaries that has the Euro as its functional currency. As this hedging instrument was designated as a net investment hedge, all foreign currency gains and losses should be recognized in accumulated other comprehensive loss as part of currency translation adjustment. For the year ended June 30, 2021, we incorrectly recognized $7,518 of gains in other income (expense), net. This error overstated other income (expense), net; income (loss) before income taxes; and net loss for the period but did not have an impact on cash provided by operating activities, since it is a non-cash currency item. Included below are the revisions made for each period presented.


Consolidated Balance Sheets	As of June 30, 2021






	Reported		Adjustments		Revised
Accumulated other comprehensive loss	$	(79,000)	$	7,518	$	(71,482)
Retained earnings	537,677		(7,518)		530,159


Consolidated Statements of Operations	Year ended June 30, 2021
	Reported		Adjustments		Revised
Other income (expense), net	$	(11,835)	$	(7,518)	$	(19,353)
Loss before income taxes	(56,036)		(7,518)		(63,554)
Net loss	(74,939)		(7,518)		(82,457)
Net loss attributable to Cimpress plc	(77,711)		(7,518)		(85,229)
Net loss per share attributable to Cimpress plc:
Basic	$	(2.99)	$	(0.29)	$	(3.28)
Diluted	$	(2.99)	$	(0.29)	$	(3.28)

Consolidated Statements of Comprehensive (Loss) Income	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss	$	(74,939)	$	(7,518)	$	(82,457)
Foreign currency translation losses, net of hedges	5,397		7,518		12,915

Consolidated Statements of Shareholders' Deficit	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss attributable to Cimpress plc	$	(77,711)	$	(7,518)	$	(85,229)
Foreign currency translation, net of hedges	3,765		7,518		11,283

Consolidated Statements of Cash Flows	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss	$	(74,939)	$	(7,518)	$	(82,457)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(7,278)		7,518		240

Presentation of Revenue and Cost of Revenue

During the first quarter of fiscal 2022, we identified an immaterial error related to the presentation of revenue for one-to-one design service arrangements that overstated revenue and cost of revenue for the period from October 1, 2020 through June 30, 2021. On October 1, 2020 we acquired the 99designs business, which is presented as part of our Vista reportable segment, and after acquisition we recognized revenue on a gross basis as if we were the principal to the transactions. During the first quarter of fiscal 2022, we reconsidered the guidance of ASC 606-10-55-39 and confirmed we are the principal for contest arrangements; however, the one-to-one design service portion of 99designs revenue is governed by different terms and conditions. We evaluated whether we have control over these services before the design is transferred to the customer, as we leverage a network of third-party designers to fulfill this offering. The pricing and fulfillment responsibility aspects of the one-to-one design arrangements led us to conclude we are an agent to these specific transactions.

The revision for the year ended June 30, 2021 is summarized in the table below.


Consolidated Statements of Operations	Year ended June 30, 2021
	Reported		Adjustments		Revised
Revenue	$	2,592,513	$	(16,552)	$	2,575,961
Cost of revenue	1,316,441		(16,552)		1,299,889

Management assessed the materiality of the misstatements described above on prior period financial statements in accordance with SEC Staff Accounting Bulletin (“SAB” No. 99, Materiality, codified in ASC 250-10, Accounting Changes and Error Corrections ("ASC 250") and ASC 250 (SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements) and concluded that these misstatements were not material to any prior annual or interim periods.

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

We consider all highly liquid investments purchased with an original maturity of three months or less to be the equivalent of cash for the purpose of balance sheet and statement of cash flows presentation. Cash equivalents consist of depository accounts and money market funds. Cash and cash equivalents restricted for use were $543 and $537 as of June 30, 2022 and 2021, respectively, and are included in other assets in the accompanying consolidated balance sheets.

For bank accounts that are overdrawn at the end of a reporting period, including any net negative balance in our notional cash pool, we reclassify these overdrafts to short-term debt on our consolidated balance sheets. Book overdrafts that result from outstanding checks in excess of our bank balance are reclassified to other current liabilities. We did not have a bank or book overdraft for any of the periods presented.

Marketable Securities, Policy

Marketable Securities

We hold certain investments that are classified as held-to-maturity (HTM) as we have the intent and ability to hold them to their maturity dates. Our policy is to invest in the following permitted classes of assets: overnight money market funds invested in U.S. Treasury securities and U.S. government agency securities, U.S. Treasury securities-specifically U.S. Treasury bills, notes, and bonds, U.S. government agency securities, bank time deposits, commercial paper, corporate notes and bonds, and medium term notes. We generally invest in securities with a maturity of two years or less. As the investments are classified as held-to-maturity they are recorded at amortized cost and interest income is recorded as it is earned within interest expense, net.

We will continue to assess our securities for impairment when the fair value is less than amortized cost to determine if any risk of credit loss exists. As our intent is to hold the securities to maturity, we must assess whether any credit losses related to our investments are recoverable and determine if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. We did not record an allowance for credit losses and we recognized no impairments for these marketable securities during the years ended June 30, 2022 and 2021, and we held no marketable securities during the year ended June 30, 2020.

The following is a summary of the net carrying amount, unrealized gains, unrealized losses, and fair value of held-to-maturity securities by type and contractual maturity as of June 30, 2022 and June 30, 2021.


	June 30, 2022
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:

Corporate debt securities	$	49,952	$	(546)	$	49,406



Total held-to-maturity securities	$	49,952	$	(546)	$	49,406


	June 30, 2021
	Amortized cost		Unrealized gains		Fair value
Due within one year or less:
Commercial paper	$	74,463	$	(28)	$	74,407
Corporate debt securities	77,785		(57)		77,638
Total due within one year or less	152,248		(85)		152,045
Due after one year through two years:
Corporate debt securities	50,713		(90)		50,721
Total held-to-maturity securities	$	202,961	$	(175)	$	202,766

Accounts Receivable [Policy Text Block]

Accounts Receivable

Accounts receivable includes amounts due from customers. We offset gross trade accounts receivable with an allowance for doubtful accounts, which is our best estimate of the amount of probable credit losses in existing accounts receivable. Account balances are charged off against the allowance when the potential for recovery is no longer reasonably assured.

Inventory, Policy [Policy Text Block]

Inventories

Inventories consist primarily of raw materials and are recorded at the lower of cost or net realizable value using the first-in, first-out method. Costs to produce products are included in cost of revenues as incurred.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation and amortization. Additions and improvements that substantially extend the useful life of a particular asset are capitalized while repairs and maintenance costs are expensed as incurred. Assets that qualify for the capitalization of interest cost during their construction period are evaluated on a per project basis and, if material, the costs are capitalized. No interest costs associated with our construction projects were capitalized in any of the years presented as the amounts were not material. Depreciation of plant and equipment is recorded on a straight-line basis over the estimated useful lives of the assets.

Research, Development, and Computer Software, Policy [Policy Text Block]

Software and Website Development Costs

We capitalize eligible salaries and payroll-related costs of employees and third-party consultants who devote time to the development of websites and internal-use computer software. Capitalization begins when the preliminary project stage is complete, management with the relevant authority authorizes and commits to the funding of the software project, and it is probable that the project will be completed and the software will be used to perform the function intended. These costs are amortized on a straight-line basis over the estimated useful life of the software, which is generally over a three year period. Costs associated with preliminary stage software development, repair, maintenance or the development of website content are expensed as incurred.

Amortization of previously capitalized amounts in the years ended June 30, 2022, 2021 and 2020 was $54,646, $47,560, and $40,753, respectively, resulting in accumulated amortization of $273,629 and $231,482 at June 30, 2022 and 2021, respectively.

Goodwill and Intangible Assets, Intangible Assets, Policy

Intangible Assets

We capitalize the costs of purchasing patents from unrelated third parties and amortize these costs over the estimated useful life of the patent. The costs related to patent applications, pursuing others who we believe infringe on our patents, and defending against patent-infringement claims are expensed as incurred.

We record acquired intangible assets at fair value on the date of acquisition using the income approach to value the trade names, customer relationships and customer network and a replacement cost approach to value developed technology and our print network. The income approach calculates fair value by discounting the forecasted after-tax cash flows back to a present value using an appropriate discount rate. The baseline data for this analysis was the cash flow estimates used to price the transaction. We amortize such assets using the straight-line method over the expected useful life of the asset, unless another amortization method is deemed to be more appropriate. In estimating the useful life of the acquired assets, we reviewed the expected use of the assets acquired, factors that may limit the useful life of an acquired asset or may enable the extension of the useful life of an acquired asset without substantial cost, the effects of obsolescence, demand, competition and other economic factors, and the level of maintenance expenditures required to obtain the expected future cash flows from the asset.

We evaluate the remaining useful life of intangible assets on a periodic basis to determine whether events and circumstances warrant a revision to the remaining useful life. If the estimate of an intangible asset’s remaining useful life is changed, we amortize the remaining carrying value of the intangible asset prospectively over the revised remaining useful life.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-Lived Assets

Long-lived assets with a finite life are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable.

During the year ended June 30, 2021, our intent to occupy two leased spaces changed, and we performed the required impairment assessment for the right-of-use assets. The assessment resulted in a total impairment charge of $12,769 for both right-of-use assets as well as an $8,303 impairment charge for abandoned assets associated with the leased spaces. These charges were recognized in general and administrative expense. Refer to Note 16 for additional information about the lease changes in fiscal year 2021.

Business Combinations Policy [Policy Text Block]

Business Combinations

We recognize the assets acquired and liabilities assumed in business combinations on the basis of their fair values at the date of acquisition. We assess the fair value of assets, including intangible assets, using a variety of methods and each asset is measured at fair value from the perspective of a market participant. The method used to estimate the fair values of intangible assets incorporates significant assumptions regarding the estimates a market participant would make in order to evaluate an asset, including a market participant’s use of the asset and the appropriate discount rates. Assets acquired that are determined to not have economic use for us are expensed immediately. Any excess purchase price over the fair value of the net tangible and intangible assets acquired is allocated to goodwill. Transaction costs and restructuring costs associated with a business combination are expensed as incurred.

The consideration for our acquisitions often includes future payments that are contingent upon the occurrence of a particular event. For acquisitions that qualify as business combinations, we record an obligation for such contingent payments at fair value on the acquisition date.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

The evaluation of goodwill for impairment is performed at a level referred to as a reporting unit. A reporting unit is either the “operating segment level” or one level below, which is referred to as a “component.” The level at which the impairment test is performed requires an assessment as to whether the operations below the operating segment should be aggregated as one reporting unit due to their similarity or reviewed individually. Goodwill is evaluated for impairment on an annual basis or more frequently when an event occurs or circumstances change that indicate that the carrying value may not be recoverable. Goodwill is considered to be impaired when the carrying amount of a reporting unit exceeds its estimated fair value.

We have the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If the results of this analysis indicate that the fair value of a reporting unit is less than its carrying value, the quantitative impairment test is required; otherwise, no further assessment is necessary. To perform the quantitative approach, we estimate the fair value of our reporting units using a discounted cash flow methodology. If the carrying value of a reporting unit’s goodwill exceeds its implied fair value, then we record an impairment loss equal to the difference.

For the years ended June 30, 2022 and 2021, we recognized no goodwill impairment charges, and during the year ended June 30, 2020, we recognized a goodwill impairment charge of $100,842. We recognized a partial impairment of the goodwill of our Exaprint reporting unit of $40,391 (a business within The Print Group reportable segment), a full impairment of the goodwill of our National Pen reporting unit of $34,434 and a full impairment of the goodwill of our VIDA reporting unit of $26,017 (a business previously reported within All Other Businesses reportable segment).

Refer to Note 8 for additional details regarding the annual goodwill impairment test performed in the current fiscal year.

Debt, Policy [Policy Text Block]

Debt Issuance Costs

Costs associated with the issuance of debt instruments are capitalized and amortized over the term of the respective financing arrangement on a straight-line basis through the maturity date of the related debt instrument. We evaluate all changes to our debt arrangements, to determine whether the changes represent a modification or extinguishment to the old debt arrangement. If a debt instrument is deemed to be modified, we capitalize all new lenders fees and expense all third-party fees. If we determine that an extinguishment of one of our debt instruments has occurred, the unamortized financing fees associated with the extinguished instrument are expensed. For the revolving loans associated with our senior secured credit facility, all lender and third-party fees are capitalized, and in the event an amendment reduces the committed capacity under the revolving loans, we expense a portion of any unamortized fees on a pro-rata basis in proportion to the decrease in the committed capacity.

Derivatives, Policy

Derivative Financial Instruments

We record all derivatives on the consolidated balance sheet at fair value. We apply hedge accounting to arrangements that qualify and are designated for hedge accounting treatment, which includes cash flow and net investment hedges. Hedge accounting is discontinued prospectively if the hedging relationship ceases to be effective or the hedging or hedged items cease to exist as a result of maturity, sale, termination or cancellation.

Derivatives designated and qualifying as hedges of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges which could include interest rate swap contracts and cross-currency swap contracts. In a cash flow hedging relationship, the effective and ineffective portion of the change in the fair value of the hedging derivative is initially recorded in accumulated other comprehensive (loss) income. The portion of gain or loss on the derivative instrument previously recorded in accumulated other comprehensive (loss) income remains in accumulated other comprehensive (loss) income until the forecasted transaction is recognized in earnings. For derivatives designated as cash flow hedges, we present the settlement amount of these contracts within cash from operating activities in our consolidated statement of cash flows, if the hedged item continues after contract settlement.

Derivatives designated and qualifying as hedges of currency exposure of a net investment in a foreign operation are considered net investment hedges which could include cross-currency swap and currency forward contracts as well as intercompany loans. In hedging the currency exposure of a net investment in a foreign

operation, the effective and ineffective portion of gains and losses on the hedging instruments is recognized in accumulated other comprehensive (loss) income as part of currency translation adjustment. The portion of gain or loss on the derivative instrument previously recorded in accumulated other comprehensive (loss) income remains in accumulated other comprehensive (loss) income until we reduce our investment in the hedged foreign operation through a sale or substantial liquidation.

We also enter into derivative contracts that are intended to economically hedge certain of our risks, even though we may not elect to apply hedge accounting or the instrument may not qualify for hedge accounting. When hedge accounting is not applied, the changes in the fair value of the derivatives are recorded directly in earnings as a component of other (expense) income, net.

In accordance with the fair value measurement guidance, our accounting policy is to measure the credit risk of our derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. We execute our derivative instruments with financial institutions that we judge to be credit-worthy, defined as institutions that hold an investment grade credit rating.

Stockholders' Deficit, Policy

Shareholders' Deficit

Comprehensive (Loss) Income

Comprehensive (loss) income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive (loss) income is composed of net (loss) income, unrealized gains and losses on derivatives, unrealized loss on pension benefit obligation, and cumulative foreign currency translation adjustments, which are included in the accompanying consolidated statements of comprehensive income.

Treasury Shares

Treasury shares are accounted for using the cost method and are included as a component of shareholders' equity. Prior to June 2022, we reissued treasury shares as part of our share-based compensation programs and as consideration for some of our acquisition transactions. Upon issuance of treasury shares we determine the cost using the average cost method.

Warrants

We bifurcate and separately account for a detachable warrant as a separate equity instrument. The value assigned to the warrants was determined based on a relative fair value allocation between the warrants and related debt. The fair value of the warrants was determined using a Monte Carlo valuation and applying a discount for the lack of marketability for the warrants. We present the allocated value for the warrants within additional paid-in capital in our consolidated balance sheet. Refer to Note 11 for additional details.

Revenue [Policy Text Block]

Revenue Recognition

We generate revenue primarily from the sale and shipment of customized manufactured products. We also generate revenue, to a much lesser extent (and primarily in our Vista business) from digital services, website design and hosting, professional design services, and email marketing services, as well as a small percentage from order referral fees and other third-party offerings. Revenues are recognized when control of the promised products or services is transferred to the customer in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. Shipping revenues are recognized when control of the related products is transferred to the customer. For design service arrangements, we recognize revenue when the services are complete. A portion of this revenue relates to design contests in which we have determined that we are the principal in the arrangement as we satisfy our contractual performance obligation to provide the customer with the benefit of our platform and network of designers.

Under the terms of most of our arrangements with our customers we provide satisfaction guarantees, which give our customers an option for a refund or reprint over a specified period of time if the customer is not fully satisfied. As such, we record a reserve for estimated sales returns and allowances as a reduction of revenue, based on historical experience or the specific identification of an event necessitating a reserve. Actual sales returns have historically not been significant.

We have elected to recognize shipping and handling activities that occur after transfer of control of the products as fulfillment activities and not as a separate performance obligation. Accordingly, we recognize revenue for our single performance obligation upon the transfer of control of the fulfilled orders, which generally occurs upon delivery to the shipping carrier. If revenue is recognized prior to completion of the shipping and handling activities, we accrue the costs of those activities. We do have some arrangements whereby the transfer of control, and thus revenue recognition, occurs upon delivery to the customer. If multiple products are ordered together, each product is considered a separate performance obligation, and the transaction price is allocated to each performance obligation based on the standalone selling price. Revenue is recognized upon satisfaction of each performance obligation. We generally determine the standalone selling prices based on the prices charged to our customers.

Our products are customized for each individual customer with no alternative use except to be delivered to that specific customer; however, we do not have an enforceable right to payment prior to delivering the items to the customer based on the terms and conditions of our arrangements with customers and therefore we recognize revenue at a point in time.

We record deferred revenue when cash payments are received in advance of our satisfaction of the related performance obligation. The satisfaction of performance obligations generally occurs shortly after cash payment and we expect to recognize our deferred revenue balance as revenue within three months subsequent to June 30, 2022.

We periodically provide marketing materials and promotional offers to new customers and existing customers that are intended to improve customer retention. These incentive offers are generally available to all customers and, therefore, do not represent a performance obligation as customers are not required to enter into a contractual commitment to receive the offer. These discounts are recognized as a reduction to the transaction price when used by the customer. Costs related to free products are included within cost of revenue and sample products are included within marketing and selling expense.

We have elected to expense incremental direct costs as incurred, which primarily includes sales commissions, since our contract periods generally are less than one year and the related performance obligations are satisfied within a short period of time.

Costs Associated with Exit or Disposal Activity or Restructuring [Policy Text Block]

Restructuring

Restructuring costs are recorded in connection with initiatives designed to improve efficiency or enhance competitiveness. Restructuring initiatives require us to make estimates in several areas, including expenses for severance and other employee separation costs and our ability to generate sublease income to enable us to terminate lease obligations at the estimated amounts.

For jurisdictions in which there are statutorily required minimum benefits for involuntary terminations, severance benefits are documented in an employee manual or labor contract, or are consistent with prior restructuring plan benefits, we evaluate these benefits as ongoing benefit arrangements. We recognize the liability for these arrangements when it is probable that the employee would be entitled to the benefits and the amounts can be reasonably estimated. The expense timing generally occurs when management has committed to and approved the restructuring plan.

Involuntary termination benefits that are in excess of statutory minimum requirements and prior restructuring plan benefits are recognized as one-time termination benefits and expensed at the date we notify the employee, unless the employee must provide future service beyond the statutory minimum retention period, in which case the benefits are expensed ratably over the future service period. Liabilities for costs associated with a facility exit or disposal activity are recognized when the liability is incurred, as opposed to when management commits to an exit plan, and are measured at fair value. Restructuring costs are presented as a separate financial statement line within our consolidated statement of operations.

Advertising Cost [Policy Text Block]

Advertising Expense

Our advertising costs are primarily expensed as incurred and included in marketing and selling expense. Advertising expense for the years ended June 30, 2022, 2021 and 2020 was $408,566, $333,665, and $302,449, respectively, which consisted of external costs related to customer acquisition and retention marketing campaigns.

Research and Development Expense, Policy [Policy Text Block]

Research and Development Expense

Research and development costs are expensed as incurred and included in technology and development expense. Research and development expense for the years ended June 30, 2022, 2021 and 2020 was $56,996, $49,254, and $49,201, respectively, which consisted of costs related to enhancing our manufacturing engineering and technology capabilities.

Income Tax, Policy [Policy Text Block]

Income Taxes

As part of the process of preparing our consolidated financial statements, we calculate our income taxes in each of the jurisdictions in which we operate. This process involves estimating our current tax expense and deferred tax expense based on assessing temporary and permanent differences resulting from differing treatment of items for tax and financial reporting purposes. We recognize deferred tax assets and liabilities for the temporary differences using the enacted tax rates and laws that will be in effect when we expect temporary differences to reverse. We assess the ability to realize our deferred tax assets based upon the weight of available evidence both positive and negative. To the extent we believe that it is more likely than not that some portion or all of the deferred tax assets will not be realized, we establish a valuation allowance. In the event that actual results differ from our estimates or we adjust our estimates in the future, we may need to increase or decrease income tax expense, which could have a material impact on our financial position and results of operations.

We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the tax position. The tax benefits recognized in our financial statements from such positions are measured as the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. The unrecognized tax benefits will reduce our effective tax rate if recognized. Interest and, if applicable, penalties related to unrecognized tax benefits are recorded in the provision for income taxes. Stranded income tax effects in accumulated other comprehensive income or loss are released on an item-by-item basis based on when the applicable derivative is recognized in earnings. We account for investment tax credits using the “deferral” method, under which the tax benefit from an investment tax credit is deferred and amortized over the book life of the related property.

During the three months ended December 31, 2020, the tax on Global Intangible Low-Taxed Income (“GILTI”) provision of the Tax Cuts and Jobs Act became applicable to our operations. Companies subject to GILTI have the option to account for the GILTI tax as a period cost if and when incurred, or to recognize deferred taxes for temporary differences, including outside basis differences, expected to reverse as GILTI. We elected to account for GILTI as a period cost, as incurred. We do not expect GILTI to have a material impact on our consolidated financial statements.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

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 income (expense), net in our consolidated statements of operations.

Other Income (expense), net

Other Income (Expense), Net

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


	Year Ended June 30,
		2022		2021		2020
Gains (losses) on derivatives not designated as hedging instruments (1)		$	58,148	$	(20,728)	$	20,564
Currency-related gains, net (2)		244		1,005		2,309
Other gains		3,071		370		1
Total other income (expense), net (3)		$	61,463	$	(19,353)	$	22,874

_____________________

(1) Includes realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments,as well as the ineffective portion of certain interest rate swap contracts that have been de-designated from hedge accounting. For contracts not designated as hedging instruments, we realized gains of $9,955 and $28,902, respectively, for the years ended June 30, 2022

and 2020, and losses of $6,854 for the year ended June 30, 2021. Refer to Note 4 for additional details relating to our derivative contracts.

(2) Currency-related (losses) gains, net primarily relates to significant non-functional currency intercompany financing relationships that we may change at times and are subject to currency exchange rate volatility. In addition, we have certain cross-currency swaps designated as cash flow hedges which hedge the remeasurement of certain intercompany loans; refer to Note 4 for additional details relating to these cash flow hedges.

(3) During fiscal year 2022, we identified an immaterial error and revised our previously reported results to reduce the gain presented above by $7,518 for the year ended June 30, 2021. Refer to the "Revision of Prior Period Financial Statements" section above for additional details.

Net (Loss) Income Per Share

Net (Loss) Income Per Share Attributable to Cimpress plc

Basic net (loss) income per share attributable to Cimpress plc is computed by dividing net (loss) income attributable to Cimpress plc by the weighted-average number of ordinary shares outstanding for the respective period. Diluted net (loss) income per share attributable to Cimpress plc gives effect to all potentially dilutive securities, including share options, restricted share units (“RSUs”), warrants, 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:


	Year Ended June 30,
		2022	2021	2020
Weighted average shares outstanding, basic		26,094,842	25,996,572	27,180,744
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants (1)		—	—	592,542
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc		26,094,842	25,996,572	27,773,286
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)(2)		762,086	494,329	1,325

___________________

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

(2) On May 1, 2020, we entered into a financing arrangement with Apollo Global Management, Inc., which included 7-year warrants with a strike price of $60 that have a potentially dilutive impact on our weighted average shares outstanding. For the years ended June 30, 2022 and 2021, the weighted average anti-dilutive effect of the warrants were 138,088 and 368,933 shares, respectively. For the year ended June 30, 2020, the weighted average dilutive effect of the warrants was 73,719 shares, respectively.

Share-Based Compensation

Share-based Compensation

Compensation expense for all share-based awards is measured at fair value on the date of grant and recognized over the requisite service period. We recognize the impact of forfeitures as they occur. The fair value of share options is determined using the Black-Scholes valuation model, or lattice model for share options with a market condition or subsidiary share options. The fair value of RSUs is determined based on the quoted price of our ordinary shares on the date of the grant. Such value is recognized ratably as expense over the requisite service period, or on an accelerated method for awards with a performance or market condition. For awards that are ultimately settleable in cash, we treat them as liability awards and mark the award to market each reporting period recognizing any gain or loss in our statements of operations. For awards with a performance condition vesting feature, compensation cost is recorded if it is probable that the performance condition will be achieved.

We have issued PSUs, and we calculate the fair value at grant which is fixed throughout the vesting period. The fair value is determined using a Monte Carlo simulation valuation model. As the PSUs include both a service and market condition the related expense is recognized using the accelerated expense attribution method over the requisite service period for each separately vesting portion of the award. For PSUs that meet the service vesting condition, the expense recognized over the requisite service period will not be reversed if the market condition is not achieved.

Compensated Absences Policy [Policy Text Block]

Sabbatical Leave

Compensation expense associated with a sabbatical leave, or other similar benefit arrangements, is accrued over the requisite service period during which an employee earns the benefit, net of estimated forfeitures, and is included in other liabilities on our consolidated balance sheets.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

We monitor the creditworthiness of our customers to which we grant credit terms in the normal course of business. We do not have any customers that accounted for greater than 10% of our accounts receivable as of June 30, 2022 and 2021. We do not have any customers that accounted for greater than 10% of our revenue for the years ended June 30, 2022, 2021 and 2020.

We maintain an allowance for doubtful accounts for potential credit losses based upon specific customer accounts and historical trends, and such losses to date in the aggregate have not materially exceeded our expectations.

Lessee, Leases [Policy Text Block]

Lease Accounting

We determine if an arrangement contains a lease at contract inception. We consider an arrangement to be a lease if it conveys the right to control an identifiable asset for a period of time. Costs for operating leases that include incentives such as payment escalations or rent abatement are recognized on a straight-line basis over the term of the lease. Additionally, inducements received are treated as a reduction of our costs over the term of the agreement. Leasehold improvements are capitalized at cost and amortized over the shorter of their expected useful life or the lease term, excluding renewal periods.

Lease right-of-use ("ROU") assets and liabilities for operating and finance leases are recognized based on the present value of the future lease payments over the lease term at lease commencement date. As most of our leases do not provide an implicit interest rate, we use our incremental borrowing rate based on the information available at the lease commencement date. Our incremental borrowing rate approximates the interest rate on a collateralized basis for the economic environments where our leased assets are located, and is established by considering the credit spread associated with our existing debt arrangements, as well as observed market rates for instruments with a similar term to that of the lease payments. ROU assets also include any lease payments made at or before the lease commencement, as well as any initial direct costs incurred. Lease incentives received from the lessor are recognized as a reduction to the ROU asset.

Our initial determination of the lease term is based on the facts and circumstances that exist at lease commencement. The lease term may include the effect of options to extend or terminate the lease when it is reasonably certain that those options will be exercised. We consider these options reasonably certain to be exercised based on our assessment of economic incentives, including the fair market rent for equivalent properties under similar terms and conditions, costs of relocating, availability of comparable replacement assets, and any related disruption to operations that would be experienced by not renewing the lease.

Finance leases are accounted for as an acquisition of an asset and incurrence of an obligation. Assets held under finance leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease, and amortized over the useful life of the asset. The corresponding finance lease obligation is recorded at the present value of the minimum lease payments at inception of the lease.

Operating leases are included in operating lease assets and current and non-current operating lease liabilities in the consolidated balance sheets. Finance lease assets are included in property, plant, and equipment, net, and the related liabilities are included in other current liabilities and other liabilities in the consolidated balance sheets.

Variable lease payments are excluded from the operating lease assets and liabilities and are recognized as expense in the period in which the obligation is incurred. Variable lease payments primarily include index-based rent escalation associated with some of our real estate leases, as well as property taxes and common area maintenance payments for most real estate leases, which are determined based on the costs incurred by the lessor. We also make variable lease payments for certain print equipment leases that are determined based on production volumes.

For lease arrangements where we are deemed to be involved in the construction of structural improvements prior to the commencement of the lease or take some level of construction risk, we are considered the owner of the assets during the construction period. Accordingly, as the lessor incurs the construction project costs, the assets and corresponding financial obligation are recorded in our consolidated balance sheet. Once the construction is completed, if the lease meets certain “sale-leaseback” criteria, we will remove the asset and related financial obligation from the balance sheet and treat the building lease as either an operating or finance lease based on our assessment of the guidance. If, upon completion of construction, the project does not meet the “sale-leaseback” criteria, the lease will be treated as a financing obligation and we will depreciate the asset over its estimated useful life for financial reporting purposes.

We have subleased a small amount of our equipment and real estate lease portfolio to third parties, making us the lessor. Most of these subleases meet the criteria for operating lease classification and the related sublease income is recognized on a straight-line basis over the lease term within the consolidated statement of operations. To a lesser extent, where we have leases in which we are the lessees, we classify the leases as finance leases and have subleased the asset under similar terms, resulting in their classification as direct financing leases. For direct financing leases, we recognize a sublease receivable within prepaid expenses and other current assets and other assets in the consolidated balance sheets.

Recently Issued or Adopted Accounting Pronouncements

Adopted Accounting Standards

In October 2021, the FASB issued Accounting Standards Update No. 2021-08 "Business Combinations (Topic 805) — Accounting for Contract Assets and Contract Liabilities from Contracts with Customers" (ASU 2021-08), which provides authoritative guidance for the accounting of acquired contract assets and liabilities when an acquired company has applied ASC 606 - Revenue from Contracts with Customers. We early adopted the standard in the second quarter of fiscal year 2022, which allowed us to record the deferred revenue contract liability as it relates to our acquisition of Depositphotos at carrying value. Refer to Note 7 for additional information relating to our Depositphotos acquisition. The impact of this adoption did not have a material effect on our consolidated financial statements.

In July 2021, the FASB issued Accounting Standards Update No. 2021-05 "Leases (Topic 842): Lessors – Certain Leases with Variable Lease Payments". We early adopted the standard in the second quarter of fiscal year 2022, which provides the option for lessors to classify direct-financing or sales-type leases as operating leases if a loss would have been incurred at lease commencement when considering non-indexed variable lease payments in the classification test. We sublease a small number of equipment assets which are classified as direct-financing leases; the variable lease payments associated with these leases would not have created a loss on day one. Therefore, the impact of this adoption had no effect on our consolidated financial statements.

Issued Accounting Standards to be Adopted

In May 2021, the FASB issued Accounting Standards Update No. 2021-04 "Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)" (ASU 2021-04), which provides authoritative guidance for the accounting treatment of contracts in an entity's own equity when calculating earnings per share. The standard is effective for us on July 1, 2022. We recognize freestanding equity-classified warrants on our consolidated balance sheet and the effect of those warrants on earnings per share is currently calculated under the treasury stock method. After adopting the standard, we will be required to prospectively apply the weighted average method when calculating the effect of warrants on our earnings per share. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Property, Plant and Equipment, Net (Tables)

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

Property, plant, and equipment, net consists of the following:


		June 30,
	Estimated useful lives	2022		2021
Land improvements	10 years	$	4,899	$	5,053
Building and building improvements	10 - 30 years	180,295		191,653

Machinery and production equipment	4 - 10 years	366,647		380,013
Machinery and production equipment under finance lease	4 - 10 years	57,669		73,321
Computer software and equipment	3 - 5 years	105,778		119,742
Furniture, fixtures and office equipment	5 - 7 years	35,681		38,357
Leasehold improvements	Shorter of lease term or expected life of the asset	52,671		64,060
Construction in progress		13,117		7,242
		816,757		879,441
Less accumulated depreciation, inclusive of assets under finance lease		(557,981)		(583,752)
		258,776		295,689
Land		28,050		32,990
Property, plant, and equipment, net		$	286,826	$	328,679

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent	$ 16,722	$ 764	$ 1,709
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	(47,128)	(71,482)	(88,676)	$ (79,857)
Other comprehensive income before reclassifications	(1,843)	21,283	14,593
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	26,197	(4,089)	(5,774)
Net current period other comprehensive income	24,354	17,194	(8,819)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	5,179	(23,831)	(30,078)	(11,282)
Other comprehensive income before reclassifications	(2,813)	10,336	(24,570)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	26,197	(4,089)	5,774
Net current period other comprehensive income	29,010	6,247	(18,796)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	(52,221)	(45,916)	(57,199)	(68,371)
Other comprehensive income before reclassifications	(6,305)	11,283	11,172
Net current period other comprehensive income	(6,305)	11,283	11,172
Net Investment Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	56,743	7,518
Currency Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	15,079	1,457
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	(86)	(1,735)	(1,399)	$ (204)
Other comprehensive income before reclassifications	$ 1,649	$ (336)	$ (1,195)

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

Use of Estimates

Revision of Prior Period Financial Statements

Foreign Currency Gains Associated with Intercompany Loan Hedge


Consolidated Balance Sheets	As of June 30, 2021






	Reported		Adjustments		Revised
Accumulated other comprehensive loss	$	(79,000)	$	7,518	$	(71,482)
Retained earnings	537,677		(7,518)		530,159


Consolidated Statements of Operations	Year ended June 30, 2021
	Reported		Adjustments		Revised
Other income (expense), net	$	(11,835)	$	(7,518)	$	(19,353)
Loss before income taxes	(56,036)		(7,518)		(63,554)
Net loss	(74,939)		(7,518)		(82,457)
Net loss attributable to Cimpress plc	(77,711)		(7,518)		(85,229)
Net loss per share attributable to Cimpress plc:
Basic	$	(2.99)	$	(0.29)	$	(3.28)
Diluted	$	(2.99)	$	(0.29)	$	(3.28)

Consolidated Statements of Comprehensive (Loss) Income	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss	$	(74,939)	$	(7,518)	$	(82,457)
Foreign currency translation losses, net of hedges	5,397		7,518		12,915

Consolidated Statements of Shareholders' Deficit	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss attributable to Cimpress plc	$	(77,711)	$	(7,518)	$	(85,229)
Foreign currency translation, net of hedges	3,765		7,518		11,283

Consolidated Statements of Cash Flows	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss	$	(74,939)	$	(7,518)	$	(82,457)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(7,278)		7,518		240

Presentation of Revenue and Cost of Revenue

The revision for the year ended June 30, 2021 is summarized in the table below.


Consolidated Statements of Operations	Year ended June 30, 2021
	Reported		Adjustments		Revised
Revenue	$	2,592,513	$	(16,552)	$	2,575,961
Cost of revenue	1,316,441		(16,552)		1,299,889

Cash and Cash Equivalents

Marketable Securities


	June 30, 2022
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:

Corporate debt securities	$	49,952	$	(546)	$	49,406



Total held-to-maturity securities	$	49,952	$	(546)	$	49,406


	June 30, 2021
	Amortized cost		Unrealized gains		Fair value
Due within one year or less:
Commercial paper	$	74,463	$	(28)	$	74,407
Corporate debt securities	77,785		(57)		77,638
Total due within one year or less	152,248		(85)		152,045
Due after one year through two years:
Corporate debt securities	50,713		(90)		50,721
Total held-to-maturity securities	$	202,961	$	(175)	$	202,766

Accounts Receivable

Inventories

Property, Plant and Equipment

Software and Website Development Costs

Intangible Assets

Long-Lived Assets

Business Combinations

Goodwill

Refer to Note 8 for additional details regarding the annual goodwill impairment test performed in the current fiscal year.

Debt Issuance Costs

Derivative Financial Instruments

Shareholders' Deficit

Comprehensive (Loss) Income

Treasury Shares

Warrants

Revenue Recognition

Restructuring

Advertising Expense

Research and Development Expense

Income Taxes

Foreign Currency Translation

Other Income (Expense), Net

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


	Year Ended June 30,
		2022		2021		2020
Gains (losses) on derivatives not designated as hedging instruments (1)		$	58,148	$	(20,728)	$	20,564
Currency-related gains, net (2)		244		1,005		2,309
Other gains		3,071		370		1
Total other income (expense), net (3)		$	61,463	$	(19,353)	$	22,874

_____________________

and 2020, and losses of $6,854 for the year ended June 30, 2021. Refer to Note 4 for additional details relating to our derivative contracts.

Net (Loss) Income Per Share Attributable to Cimpress plc

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


	Year Ended June 30,
		2022	2021	2020
Weighted average shares outstanding, basic		26,094,842	25,996,572	27,180,744
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants (1)		—	—	592,542
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc		26,094,842	25,996,572	27,773,286
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)(2)		762,086	494,329	1,325

___________________

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

Share-based Compensation

Sabbatical Leave

Concentrations of Credit Risk

Lease Accounting

Recently Issued or Adopted Accounting Pronouncements

Adopted Accounting Standards

Issued Accounting Standards to be Adopted

Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

For the year ended June 30, 2021, we incorrectly recognized $7,518 of gains in other income (expense), net. This error overstated other income (expense), net; income (loss) before income taxes; and net loss for the period but did not have an impact on cash provided by operating activities, since it is a non-cash currency item. Included below are the revisions made for each period presented.


Consolidated Balance Sheets	As of June 30, 2021






	Reported		Adjustments		Revised
Accumulated other comprehensive loss	$	(79,000)	$	7,518	$	(71,482)
Retained earnings	537,677		(7,518)		530,159


Consolidated Statements of Operations	Year ended June 30, 2021
	Reported		Adjustments		Revised
Other income (expense), net	$	(11,835)	$	(7,518)	$	(19,353)
Loss before income taxes	(56,036)		(7,518)		(63,554)
Net loss	(74,939)		(7,518)		(82,457)
Net loss attributable to Cimpress plc	(77,711)		(7,518)		(85,229)
Net loss per share attributable to Cimpress plc:
Basic	$	(2.99)	$	(0.29)	$	(3.28)
Diluted	$	(2.99)	$	(0.29)	$	(3.28)

Consolidated Statements of Comprehensive (Loss) Income	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss	$	(74,939)	$	(7,518)	$	(82,457)
Foreign currency translation losses, net of hedges	5,397		7,518		12,915

Consolidated Statements of Shareholders' Deficit	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss attributable to Cimpress plc	$	(77,711)	$	(7,518)	$	(85,229)
Foreign currency translation, net of hedges	3,765		7,518		11,283

Consolidated Statements of Cash Flows	Year ended June 30, 2021
	Reported		Adjustments		Revised
Net loss	$	(74,939)	$	(7,518)	$	(82,457)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(7,278)		7,518		240

Presentation of Revenue and Cost of Revenue

The revision for the year ended June 30, 2021 is summarized in the table below.


Consolidated Statements of Operations	Year ended June 30, 2021
	Reported		Adjustments		Revised
Revenue	$	2,592,513	$	(16,552)	$	2,575,961
Cost of revenue	1,316,441		(16,552)		1,299,889

Debt Securities, Held-to-maturity


	June 30, 2022
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:

Corporate debt securities	$	49,952	$	(546)	$	49,406



Total held-to-maturity securities	$	49,952	$	(546)	$	49,406


	June 30, 2021
	Amortized cost		Unrealized gains		Fair value
Due within one year or less:
Commercial paper	$	74,463	$	(28)	$	74,407
Corporate debt securities	77,785		(57)		77,638
Total due within one year or less	152,248		(85)		152,045
Due after one year through two years:
Corporate debt securities	50,713		(90)		50,721
Total held-to-maturity securities	$	202,961	$	(175)	$	202,766

Interest and Other Income

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


	Year Ended June 30,
		2022		2021		2020
Gains (losses) on derivatives not designated as hedging instruments (1)		$	58,148	$	(20,728)	$	20,564
Currency-related gains, net (2)		244		1,005		2,309
Other gains		3,071		370		1
Total other income (expense), net (3)		$	61,463	$	(19,353)	$	22,874

_____________________

and 2020, and losses of $6,854 for the year ended June 30, 2021. Refer to Note 4 for additional details relating to our derivative contracts.

Schedule of Weighted Average Number of Shares

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


	Year Ended June 30,
		2022	2021	2020
Weighted average shares outstanding, basic		26,094,842	25,996,572	27,180,744
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants (1)		—	—	592,542
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc		26,094,842	25,996,572	27,773,286
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)(2)		762,086	494,329	1,325

___________________

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

Business Combinations (Tables)

3 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The table below details the consideration transferred to acquire Depositphotos:


Cash consideration (paid at closing)	$	76,119
Deferred payment	8,781

Total purchase price	$	84,900

We recognized the assets and liabilities on the basis of their fair values at the date of the acquisition with any excess of the purchase price paid over the fair value of the net assets recorded as goodwill, which is primarily attributable to the synergies that we expect to achieve through the acquisition. The goodwill balance has been attributed to the Vista reporting unit and none of the goodwill balance is deductible for tax purposes. Additionally, we identified and valued Depositphotos intangible assets, which include its trade name, customer relationships,

owned content and developed technology.

The fair value of the assets acquired and liabilities assumed was:

Amount

Weighted Average Useful Life in Years

Tangible assets acquired and liabilities assumed:

Cash and cash equivalents

7,173

n/a

Accounts receivable, net

329

n/a

Prepaid expenses and other current assets

448

n/a

Property, plant and equipment, net

611

n/a

Operating lease assets, net

383

n/a

Other assets

324

n/a

Accounts payable

(843)

n/a

Accrued expenses

(5,009)

n/a

Deferred revenue

(10,999)

n/a

Operating lease liabilities, current

(152)

n/a

Deferred tax liabilities

(4,402)

n/a

Operating lease liabilities, non-current

(231)

n/a

Identifiable intangible assets:

Customer relationships

11,600

4 years

Trade name

2,500

10 years

Developed technology

2,300

2 years

Owned content

7,700

10 years

Goodwill

73,168

n/a

Total purchase price

84,900

n/a

Shareholders' Equity (Tables)

12 Months Ended

Jun. 30, 2022

Shareholders' Equity [Abstract]

Share-based Payment Arrangement, Option, Activity

We did not grant any share options in fiscal year 2022. A summary of our share option activity and related information for the year ended June 30, 2022 is as follows:


	Shares Pursuant to Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at the beginning of the period	5,298	$	80.01	3.8
Granted	—	—
Exercised	—	—
Forfeited/expired	—	—
Outstanding at the end of the period	5,298	80.01		2.8	$	—
Exercisable at the end of the period	5,298	$	80.01	2.8	$	—

Share-based Payment Arrangement, Performance Shares, Activity

A summary of our PSU activity and related information for the fiscal year ended June 30, 2022 is as follows:


	PSUs	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding at the beginning of the period	1,158,716	$	134.45
Granted	215,899	110.28
Vested and distributed	—	—
Forfeited	(15,373)	134.98
Outstanding at the end of the period	1,359,242	$	130.61	$	52,875

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

A summary of our RSU activity and related information for the fiscal year ended June 30, 2022 is as follows:


	RSUs	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Unvested at the beginning of the period	434,389	$	93.54
Granted	771,671	80.26
Vested and distributed	(113,207)	93.92
Forfeited	(54,619)	92.91
Unvested at the end of the period	1,038,234	$	83.66	$	40,387

Segment Information (Tables)

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Segment Reporting, Revenue Reconciling Item [Line Items]

Reconciliation of Revenue from Segments to Consolidated

The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.


	Year Ended June 30,
		2022		2021		2020
Revenue:
Vista (1)		$	1,514,909	$	1,428,255	$	1,337,291
PrintBrothers		526,952		421,766		417,921
The Print Group		329,590		275,534		275,214
National Pen		341,832		313,528		299,474
All Other Businesses		205,862		192,038		173,789
Total segment revenue		2,919,145		2,631,121		2,503,689
Inter-segment eliminations (2)		(31,590)		(55,160)		(22,331)
Total consolidated revenue		$	2,887,555	$	2,575,961	$	2,481,358

_____________________

(1) During the first quarter of fiscal year 2022, we identified an immaterial error and revised our previously reported results to decrease Vista segment revenue by $16,552 for the year ended June 30, 2022. Refer to Note 2 for additional details.

(2) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment. The decrease of inter-segment eliminations is the result of significant cross-business transactions during the three and nine months ended June 30, 2022 associated with the fulfillment of masks in response to the pandemic. Demand for this product was far lower in the current periods.

Revenue from External Customers by Geographic Areas [Table Text Block]


	Year Ended June 30, 2022
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	1,031,298	$	—	$	—	$	193,056	$	177,868	$	1,402,222
Europe	342,816		525,224		322,315		113,820		—		1,304,175
Other	137,425		—		—		20,058		23,675		181,158
Inter-segment	3,370		1,728		7,275		14,898		4,319		31,590
Total segment revenue	1,514,909		526,952		329,590		341,832		205,862		2,919,145
Less: inter-segment elimination	(3,370)		(1,728)		(7,275)		(14,898)		(4,319)		(31,590)
Total external revenue	$	1,511,539	$	525,224	$	322,315	$	326,934	$	201,543	$	2,887,555


	Year Ended June 30, 2021
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	955,280	$	—	$	—	$	154,857	$	171,398	$	1,281,535
Europe	350,270		420,946		258,230		106,004		—		1,135,450
Other	120,367		—		—		20,762		17,847		158,976
Inter-segment	2,338		820		17,304		31,905		2,793		55,160
Total segment revenue	1,428,255		421,766		275,534		313,528		192,038		2,631,121
Less: inter-segment elimination	(2,338)		(820)		(17,304)		(31,905)		(2,793)		(55,160)
Total external revenue	$	1,425,917	$	420,946	$	258,230	$	281,623	$	189,245	$	2,575,961


	Year Ended June 30, 2020
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	928,668	$	—	$	—	$	154,632	$	153,795	$	1,237,095
Europe	325,239		416,987		269,220		112,046		—		1,123,492
Other	77,204		—		—		24,990		18,577		120,771
Inter-segment	6,180		934		5,994		7,806		1,417		22,331
Total segment revenue	1,337,291		417,921		275,214		299,474		173,789		2,503,689
Less: inter-segment elimination	(6,180)		(934)		(5,994)		(7,806)		(1,417)		(22,331)
Total external revenue	$	1,331,111	$	416,987	$	269,220	$	291,668	$	172,372	$	2,481,358

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table includes segment EBITDA by reportable segment, total income from operations and total income (loss) before income taxes:


	Year Ended June 30,
		2022		2021		2020
Segment EBITDA:
Vista		$	195,321	$	318,684	$	362,589
PrintBrothers		66,774		43,144		39,373
The Print Group		58,664		43,126		51,606
National Pen		26,845		11,644		7,605
All Other Businesses		23,227		31,707		17,474
Total segment EBITDA		370,831		448,305		478,647
Central and corporate costs		(143,958)		(129,367)		(136,653)
Depreciation and amortization		(175,681)		(173,212)		(167,943)

Proceeds from insurance		—		(122)		—
Earn-out related charges		—		—		54

Certain impairments and other adjustments		9,709		(20,453)		(104,593)
Restructuring-related charges		(13,603)		(1,641)		(13,543)


Total income from operations		47,298		123,510		55,969
Other income (expense), net		61,463		(19,353)		22,874
Interest expense, net		(99,430)		(119,368)		(75,840)
Loss on early extinguishment of debt		—		(48,343)		—
Income (loss) before income taxes		$	9,331	$	(63,554)	$	3,003

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated


	Year Ended June 30,
		2022		2021		2020
Depreciation and amortization:
Vista		$	65,489	$	58,513	$	59,029
PrintBrothers		20,790		22,089		21,010
The Print Group		25,657		27,066		24,769
National Pen		24,261		25,123		23,654
All Other Businesses		18,536		19,811		23,755
Central and corporate costs		20,948		20,610		15,726
Total depreciation and amortization		$	175,681	$	173,212	$	167,943


	Year Ended June 30,
		2022		2021		2020
Purchases of property, plant and equipment:
Vista		$	17,198	$	12,332	$	15,986
PrintBrothers		3,788		3,609		4,315
The Print Group		19,877		11,847		17,136
National Pen		4,332		3,603		5,016
All Other Businesses		7,027		5,466		4,242
Central and corporate costs		1,818		1,667		3,772
Total purchases of property, plant and equipment		$	54,040	$	38,524	$	50,467


	Year Ended June 30,
		2022		2021		2020
Capitalization of software and website development costs:
Vista		$	30,994	$	28,297	$	18,381
PrintBrothers		1,139		1,465		990
The Print Group		2,419		1,603		1,484
National Pen		3,390		3,115		3,290
All Other Businesses		4,097		3,746		3,684
Central and corporate costs		23,258		22,711		16,163
Total capitalization of software and website development costs		$	65,297	$	60,937	$	43,992

Enterprise Wide Disclosures:

The following tables set forth revenues by geographic area and groups of similar products and services:


	Year Ended June 30,
	2022		2021		2020
United States	$	1,092,096	$	1,199,436	$	1,251,531
Germany (1)	358,384		350,281		351,348
Other (2)	1,437,075		1,026,244		878,479
Total revenue	$	2,887,555	$	2,575,961	$	2,481,358


	Year Ended June 30,
	2022		2021		2020
Physical printed products and other (3)	$	2,789,600	$	2,477,158	$	2,431,367
Digital products/services (4)	97,955		98,803		49,991
Total revenue	$	2,887,555	$	2,575,961	$	2,481,358

__________________

(1) Our revenues within the German market exceeded 10% of our total consolidated revenue. Therefore we have presented Germany as a significant geographic area.

(2) Our other revenue includes Ireland, our country of domicile.

(3) Other revenue includes miscellaneous items which account for less than 1% of revenue.

(4) Digital products/service revenue includes revenue associated with design services includes revenue from our Depositphotos and 99designs businesses since their acquisition dates of October 1, 2021 and October 1, 2020, respectively. Refer to Note 7 for additional details.

Revenues and long-lived assets by geographic area

The following table sets forth long-lived assets by geographic area:


	June 30, 2022		June 30, 2021
Long-lived assets (1):
United States	$	95,589	$	107,868
Netherlands	67,240		75,996
Canada	58,498		60,779
Switzerland	72,394		68,880
Italy	48,262		47,776
France	25,383		20,550
Jamaica	18,744		21,298
Australia	17,751		25,417
Japan	11,392		14,891
Other	90,677		96,063
Total	$	505,930	$	539,518

___________________

(1) Excludes goodwill of $766,600 and $726,979, intangible assets, net of $154,730 and $186,744, deferred tax assets of $113,088 and $149,618, and marketable securities, non-current of zero and $50,713 as of June 30, 2022 and June 30, 2021, respectively.

Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2022

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:


	June 30, 2022
	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	$	14,336	$	—	$	14,336	$	—

Currency forward contracts	20,638		—		20,638		—
Currency option contracts	10,611		—		10,611		—
Total assets recorded at fair value	$	45,585	$	—	$	45,585	$	—

Liabilities

Cross-currency swap contracts	(446)		—		(446)		—
Currency forward contracts	(505)		—		(505)		—
Currency option contracts	(9)		—		(9)		—
Total liabilities recorded at fair value	$	(960)	$	—	$	(960)	$	—


	June 30, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Currency forward contracts	$	1,679	$	—	$	1,679	$	—
Total assets recorded at fair value	$	1,679	$	—	$	1,679	$	—

Liabilities
Interest rate swap contracts	$	(25,193)	$	—	$	(25,193)	$	—
Cross-currency swap contracts	(9,914)		—		(9,914)		—
Currency forward contracts	(19,651)		—		(19,651)		—
Currency option contracts	(3,080)		—		(3,080)		—
Total liabilities recorded at fair value	$	(57,838)	$	—	$	(57,838)	$	—

Restructuring Charges

12 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring costs include one-time employee termination benefits, acceleration of share-based compensation, write-off of assets and other related costs including third-party professional and outplacement services. During the years ended June 30, 2022, 2021 and 2020, we recognized restructuring charges of $13,603, $1,641, and $13,543, respectively.

Fiscal Year 2022

During the fourth quarter of fiscal year 2022, we made decisions in light of a more uncertain macro economic environment and our focus to improve profitability, which resulted in the prioritization of investments that we expect to have a nearer-term return, and deprioritization of some investments that we expect to have a longer path to returns. This resulted in decisions to reduce costs in certain areas including exiting our operations in Japan and China, while also taking additional headcount actions in our Vista business and in our central technology team. During the year ended June 30, 2022, we recognized restructuring expense related to these actions of $7,492 in our Vista segment, $1,093 in our All Other Businesses reportable segment and $854 in our central and corporate costs. We expect to recognize additional non-cash charges in the first quarter of fiscal year 2023 upon approval and modification to accelerate vest share-based compensation awards.

Additionally, our National Pen business recognized restructuring expense of $4,178 during the year ended June 30, 2022, incurred for both the decision to move its European production operations from Ireland to the Czech Republic and the decision to exit the Japan market. When the Czech move is complete, we anticipate improved speed and delivery cost efficiencies for the business's European customers. We expect to recognize additional charges associated with these actions during the next fiscal year as impacted employees continue to vest in additional termination benefits, but we do not expect those additional costs to be material.

There were also immaterial adjustments to restructuring expense during this fiscal year due to changes in prior period estimates within The Print Group reportable segment.

Fiscal Year 2021

During the year ended June 30, 2021 we recognized restructuring charges of $1,641, primarily due to organizational changes within The Print Group segment totaling $1,966 intended to streamline certain activities. This was partially offset by changes in estimate related to prior period actions of $325. This action was completed during fiscal year 2021.

Fiscal Year 2020

During the year ended June 30, 2020, we recognized restructuring charges of $13,543, consisting of charges of $5,734 within our Vista reportable segment as we evolved our organizational structure, including our reorganization of the technology team. We also recognized $3,532 in charges within our central and corporate costs, due to the coordinated reorganization of technology teams with our Vista business. We also incurred charges of $3,211, $535, and $475 in our National Pen, All Other Businesses and The Print Group reportable segments, respectively, during the year ended June 30, 2020, for various cost reduction measures primarily in response to the pandemic. These restructuring actions were completed during fiscal year 2020.

The following table summarizes the restructuring activity during the years ended June 30, 2022 and 2021.


	Severance and Related Benefits		Other Restructuring Costs		Accrued restructuring liability
Balance as of June 30, 2020	$	5,969	$	77	$	6,046
Restructuring charges	998		643		1,641
Cash payments	(6,565)		—		(6,565)
Non-cash charges (1)	—		(720)		(720)
Balance as of June 30, 2021	402		—		402
Restructuring charges	13,312		291		13,603
Cash payments	(265)		—		(265)
Non-cash charges (1)	—		(291)		(291)
Balance as of June 30, 2022	$	13,449	$	—	$	13,449

________________

(1) During the fiscal year ended June 30, 2022, non-cash restructuring charges primarily include the National Pen segment's write-off of direct mail inventory for the Japan market which has no alternative use. During the fiscal year ended June 30, 2021, non-cash restructuring charges were the write-off of property, plant and equipment, net, which was recognized as part of the actions taken in The Print Group segment

Fair Value Measurements (Details) $ in Thousands	Jun. 30, 2022 USD ($) instrument	Jun. 30, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Gross	$ 1,705,365	$ 1,764,856
Debt Instrument, Fair Value Disclosure	1,600,627	1,767,209
Total Marketable Securities	49,952	202,961
Investments, Fair Value Disclosure	49,406	202,766
Fair value, recurring measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	45,585	1,679
Financial and Nonfinancial Liabilities, Fair Value Disclosure	960	57,838
Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	20,638	1,679
Derivative Liability	$ (505)	(19,651)
Derivative, Number of Instruments Held \| instrument	621
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 14,336
Derivative Liability		(25,193)
Derivative, Number of Instruments Held \| instrument	14
Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (446)
Foreign Exchange Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	10,611
Derivative Liability	(9)
Financial and Nonfinancial Liabilities, Fair Value Disclosure		3,080
Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	35,052	1,796
Derivative Liability	(514)
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	10,612	0
Foreign Currency Contract, Asset, Fair Value Disclosure	10,611	0
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	45,585	1,679
Financial and Nonfinancial Liabilities, Fair Value Disclosure	960	57,838
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	20,638	1,679
Derivative Liability	(505)	(19,651)
Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	14,336
Derivative Liability		(25,193)
Fair Value, Inputs, Level 2 [Member] \| Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	(446)	9,914
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (9)
Financial and Nonfinancial Liabilities, Fair Value Disclosure		$ 3,080

Restructuring Charges (Tables)

12 Months Ended

Jun. 30, 2022

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

The following table summarizes the restructuring activity during the years ended June 30, 2022 and 2021.


	Severance and Related Benefits		Other Restructuring Costs		Accrued restructuring liability
Balance as of June 30, 2020	$	5,969	$	77	$	6,046
Restructuring charges	998		643		1,641
Cash payments	(6,565)		—		(6,565)
Non-cash charges (1)	—		(720)		(720)
Balance as of June 30, 2021	402		—		402
Restructuring charges	13,312		291		13,603
Cash payments	(265)		—		(265)
Non-cash charges (1)	—		(291)		(291)
Balance as of June 30, 2022	$	13,449	$	—	$	13,449

________________

Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Schedule of other current liabilities [Line Items]
Compensation costs	$ 78,521	$ 73,861
Income and indirect taxes	41,886	46,074
Accrued Advertising	25,925	35,093
Shipping costs	10,228	9,401
Interest Payable	2,477	2,399
Production costs	15,790	6,881
Sales returns	6,286	5,636
Professional costs	2,394	4,210
Purchases of property, plant and equipment	642	1,110
Other	69,692	62,848
Accrued Liabilities	$ 253,841	$ 247,513

Debt (Tables)

12 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt


	June 30, 2022		June 30, 2021
7.0% Senior notes due 2026	$	600,000	$	600,000
Senior secured credit facility	1,097,302		1,152,021

Other	8,063		12,835
Debt issuance costs and debt premiums (discounts)	(19,417)		(22,450)
Total debt outstanding, net	1,685,948		1,742,406
Less: short-term debt (1)	10,386		9,895
Long-term debt	$	1,675,562	$	1,732,511

_____________________

(1) Balances as of June 30, 2022 and June 30, 2021 are inclusive of short-term debt issuance costs, debt premiums and discounts of $3,498 and $3,435, respectively.

Business Combinations (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Business Acquisition [Line Items]

Business Combination, Consideration Transferred

$ 88,691

Goodwill, Acquired During Period

$ 83,652

^[1]

85,000

Business Combination, Acquisition Related Costs

887

Payments of purchase consideration included in acquisition-date fair value

43,647

1,205

$ 358

Depositphotos acquisition

Business Acquisition [Line Items]

Business Combination, Consideration Transferred, Liabilities Incurred

8,781

Business Combination, Consideration Transferred

84,900

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

$ 7,173

7,173

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

329

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets

448

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

611

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets

383

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets

(324)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable

(843)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities

(5,009)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue

(10,999)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

(4,402)

Goodwill, Acquired During Period

73,168

Depositphotos acquisition | Trade Names [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

$ 2,500

2,500

Acquired Finite-lived Intangible Assets, Weighted Average Useful Life

10 years

Depositphotos acquisition | Technology-Based Intangible Assets [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

$ 2,300

2,300

Acquired Finite-lived Intangible Assets, Weighted Average Useful Life

2 years

Depositphotos acquisition | Customer Relationships [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

$ 11,600

11,600

Acquired Finite-lived Intangible Assets, Weighted Average Useful Life

4 years

Depositphotos acquisition | Owned Content [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

$ 7,700

7,700

Acquired Finite-lived Intangible Assets, Weighted Average Useful Life

10 years

Virunga Acquisition

Business Acquisition [Line Items]

Business Combination, Consideration Transferred

$ 11,218

Goodwill, Acquired During Period

10,484

99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Consideration Transferred

88,691

Business Combination, Consideration Transferred, Other

310

Goodwill, Acquired During Period

70,792

Business Combination, Acquisition Related Costs

1,183

Payments of purchase consideration included in acquisition-date fair value

43,381

99designs acquisition [Member] | Trade Names [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

1,550

99designs acquisition [Member] | Technology-Based Intangible Assets [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

13,400

99designs acquisition [Member] | Designer Relationships [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles

5,800

Other Acquisition-Q4 FY21 [Domain]

Business Acquisition [Line Items]

Business Combination, Consideration Transferred

18,535

Goodwill, Acquired During Period

$ 14,208

Other Acquisition-Q4 FY21 [Domain] | Cimpress plc [Member]

Business Acquisition [Line Items]

Business Acquisition, Percentage of Voting Interests Acquired

81.00%

Cash and Cash Equivalents [Member] | Depositphotos acquisition

Business Acquisition [Line Items]

Payments to Acquire Businesses, Gross

76,119

Business Combination, Consideration Transferred

84,900

Cash and Cash Equivalents [Member] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents

8,603

Other Payments to Acquire Businesses

$ 45,000

Other Current Liabilities [Member] | Depositphotos acquisition

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation

(152)

Other Noncurrent Liabilities [Member] | Depositphotos acquisition

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation

(231)

Goodwill [Member] | Virunga Acquisition

Business Acquisition [Line Items]

Payments to Acquire Businesses, Gross

10,484

Accounts Payable | Depositphotos acquisition

Business Acquisition [Line Items]

Payments to Acquire Businesses, Gross

609

Accounts Payable | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable

(220)

Deferrable Notes | Depositphotos acquisition

Business Acquisition [Line Items]

Payments to Acquire Businesses, Gross

8,172

Cash and Cash Equivalents [Domain] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Payments to Acquire Businesses, Gross

$ 90,000

Accounts Receivable | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

494

Prepaid Expenses and Other Current Assets [Member] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets

787

Property, Plant and Equipment [Member] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

Other Assets [Member] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets

(142)

Accrued Liabilities [Member] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets

(6,299)

Deferred Revenue [Domain] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue

(5,806)

Other Liabilities [Member] | 99designs acquisition [Member]

Business Acquisition [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities

$ (625)

[1]

Segment Information (Details) $ in Thousands	12 Months Ended
Segment Information (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments	5
Revenue	$ (2,887,555)	$ (2,575,961)	$ (2,481,358)
Other Operating Income	370,831	448,305	478,647
Depreciation and amortization	175,681	173,212	167,943
Certain impairments and other adjustments	9,709	(20,453)	(104,593)
Restructuring expense (1)	(13,603)	(1,641)	(13,543)
Total income from operations	47,298	123,510	55,969
Other income (expense), net	61,463	(19,353)	22,874
Interest expense, net	(99,430)	(119,368)	(75,840)
Loss on early extinguishment of debt	0	(48,343)	0
Income (loss) before income taxes	9,331	(63,554)	3,003
Property, Plant and Equipment, Additions	54,040	38,524	50,467
Capitalization of software and website development costs	65,297	60,937	43,992
Long-lived assets	505,930	539,518
Goodwill	766,600	726,979	621,904
Intangible assets, net	154,730	186,744
Deferred tax assets	113,088	149,618
Marketable securities, non-current	0	50,713
Proceeds from insurance	0	(122)	0
Physical printed products and other
Segment Reporting Information [Line Items]
Revenue	(2,789,600)	(2,477,158)	(2,431,367)
Digital products and services
Segment Reporting Information [Line Items]
Revenue	(97,955)	(98,803)	(49,991)
Revision of Prior Period, Error Correction, Adjustment [Member]
Segment Reporting Information [Line Items]
Revenue		16,552
Other income (expense), net		7,518
Income (loss) before income taxes		(7,518)
North America [Member]
Segment Reporting Information [Line Items]
Revenue	(1,402,222)	(1,281,535)	(1,237,095)
Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(1,304,175)	(1,135,450)	(1,123,492)
Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(181,158)	(158,976)	(120,771)
UNITED STATES
Segment Reporting Information [Line Items]
Revenue	(1,092,096)	(1,199,436)	(1,251,531)
Long-lived assets	95,589	107,868
Netherlands [Member]
Segment Reporting Information [Line Items]
Long-lived assets	67,240	75,996
Canada [Member]
Segment Reporting Information [Line Items]
Long-lived assets	58,498	60,779
Switzerland
Segment Reporting Information [Line Items]
Long-lived assets	72,394	68,880
ITALY
Segment Reporting Information [Line Items]
Long-lived assets	48,262	47,776
FRANCE
Segment Reporting Information [Line Items]
Long-lived assets	25,383	20,550
Jamaica [Member]
Segment Reporting Information [Line Items]
Long-lived assets	18,744	21,298
Australia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	17,751	25,417
JAPAN
Segment Reporting Information [Line Items]
Long-lived assets	11,392	14,891
Other Countries [Member]
Segment Reporting Information [Line Items]
Revenue	(1,437,075)	(1,026,244)	(878,479)
Long-lived assets	90,677	96,063
GERMANY
Segment Reporting Information [Line Items]
Revenue	(358,384)	(350,281)	(351,348)
Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(1,511,539)	(1,425,917)	(1,331,111)
Other Operating Income	195,321	318,684	362,589
Depreciation and amortization	65,489	58,513	59,029
Restructuring expense (1)	(7,492)		(5,734)
Property, Plant and Equipment, Additions	17,198	12,332	15,986
Capitalization of software and website development costs	30,994	28,297	18,381
Goodwill	291,498	225,147	150,846
Vista [Member] \| Revision of Prior Period, Adjustment [Member]
Segment Reporting Information [Line Items]
Other Operating Income	7,044	6,031	3,745
Vista [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(1,031,298)	(955,280)	(928,668)
Vista [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(342,816)	(350,270)	(325,239)
Vista [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(137,425)	(120,367)	(77,204)
PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(525,224)	(420,946)	(416,987)
Other Operating Income	66,774	43,144	39,373
Depreciation and amortization	20,790	22,089	21,010
Property, Plant and Equipment, Additions	3,788	3,609	(4,315)
Capitalization of software and website development costs	1,139	1,465	990
Goodwill	130,828	137,307	129,764
PrintBrothers [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	0	0	0
PrintBrothers [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(525,224)	(420,946)	(416,987)
The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(322,315)	(258,230)	(269,220)
Other Operating Income	58,664	43,126	51,606
Depreciation and amortization	25,657	27,066	24,769
Restructuring expense (1)		(1,966)	(475)
Property, Plant and Equipment, Additions	19,877	11,847	17,136
Capitalization of software and website development costs	2,419	1,603	1,484
Goodwill	143,969	164,220	155,197
The Print Group [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	0	0	0
The Print Group [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(322,315)	(258,230)	(269,220)
National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(326,934)	(281,623)	(291,668)
Other Operating Income	26,845	11,644	7,605
Depreciation and amortization	24,261	25,123	23,654
Restructuring expense (1)	(4,178)		(3,211)
Property, Plant and Equipment, Additions	4,332	3,603	5,016
Capitalization of software and website development costs	3,390	3,115	3,290
National Pen [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(193,056)	(154,857)	(154,632)
National Pen [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(113,820)	(106,004)	(112,046)
National Pen [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(20,058)	(20,762)	(24,990)
All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	(201,543)	(189,245)	(172,372)
Other Operating Income	23,227	31,707	17,474
Depreciation and amortization	18,536	19,811	23,755
Restructuring expense (1)	(1,093)		(535)
Property, Plant and Equipment, Additions	7,027	5,466	4,242
Capitalization of software and website development costs	4,097	3,746	3,684
Goodwill	200,305	200,305	186,097
All Other Businesses [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(177,868)	(171,398)	(153,795)
All Other Businesses [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	0	0	0
All Other Businesses [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(23,675)	(17,847)	(18,577)
Corporate and Other
Segment Reporting Information [Line Items]
Other Operating Income	(143,958)	(129,367)	(136,653)
Depreciation and amortization	20,948	20,610	15,726
Restructuring expense (1)	(854)	(325)	(3,532)
Property, Plant and Equipment, Additions	1,818	1,667	3,772
Capitalization of software and website development costs	23,258	22,711	16,163
Earn-out related charges [Member]
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0		54
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	(2,919,145)	(2,631,121)	(2,503,689)
Operating Segments [Member] \| Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(1,514,909)	(1,428,255)	(1,337,291)
Operating Segments [Member] \| PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(526,952)	(421,766)	(417,921)
Operating Segments [Member] \| The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(329,590)	(275,534)	(275,214)
Operating Segments [Member] \| National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(341,832)	(313,528)	(299,474)
Operating Segments [Member] \| All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	(205,862)	(192,038)	(173,789)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	(31,590)	(55,160)	(22,331)
Intersegment Eliminations [Member] \| Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(3,370)	(2,338)	(6,180)
Intersegment Eliminations [Member] \| PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(1,728)	(820)	(934)
Intersegment Eliminations [Member] \| The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(7,275)	(17,304)	(5,994)
Intersegment Eliminations [Member] \| National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(14,898)	(31,905)	(7,806)
Intersegment Eliminations [Member] \| All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	$ (4,319)	$ (2,793)	$ (1,417)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net (loss) income	$ (50,570)	$ (82,457)	$ 83,995
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	175,681	173,212	167,943
Impairment of goodwill	0	0	100,842
Share-based compensation expense	49,766	37,034	34,874
Impairment of long-lived assets	0	19,882
Deferred taxes	22,879	(10,284)	(106,864)
Loss on early extinguishment of debt	0	48,343	0
Unrealized (gain) loss on derivatives not designated as hedging instruments included in net (loss) income	(40,408)	17,323	7,731
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	537	240	(802)
Other non-cash items	(13,704)	7,041	(11,229)
Changes in operating assets and liabilities, net of effects of businesses acquired:
Accounts receivable	(18,119)	(11,474)	26,659
Inventory	(44,089)	16,382	(18,328)
Prepaid expenses and other assets	(5,989)	(2,606)	11,946
Accounts payable	109,977	29,367	(17,547)
Accrued expenses and other liabilities	33,575	23,218	36,766
Net cash provided by operating activities	219,536	265,221	338,444
Investing activities
Purchases of property, plant and equipment	(54,040)	(38,524)	(50,467)
Proceeds from the sale of subsidiaries, net of transaction costs and cash divested	0	0	(1,124)
Business acquisitions, net of cash acquired	(75,258)	(53,410)	(4,272)
Capitalization of software and website development costs	(65,297)	(60,937)	(43,992)
Proceeds from the sale of assets	37,771	5,696	1,644
Proceeds from maturity of held-to-maturity investments	151,200
Payments for settlement of derivatives designated as hedging instruments	(2,244)	(3,291)	(29,791)
Other investing activities	(617)	(269)	1,556
Net cash used in investing activities	(3,997)	(354,316)	(66,864)
Financing activities
Proceeds from borrowings of debt	0	665,682	1,281,490
Proceeds from Term Loan B	0	1,149,751	0
Proceeds from issuance of senior notes	0	0	210,500
Proceeds from issuance of 12% Senior Secured Notes due 2025	0	0	271,568
Payments of early redemption fees for senior notes	0	(309,000)	0
Proceeds from issuance of warrants	0	0	22,432
Payments of debt	(14,510)	(1,242,606)	(1,337,334)
Payments of debt issuance costs	(1,444)	(11,963)	(22,570)
Payments of purchase consideration included in acquisition-date fair value	43,647	1,205	358
Payments of withholding taxes in connection with equity awards	(3,219)	(5,757)	(41,709)
Payments of finance lease obligations	(37,512)	(8,000)	(9,511)
Purchase of noncontrolling interests	2,165	5,063	0
Purchase of ordinary shares	0	0	627,056
Proceeds from issuance of ordinary shares	0	(2,280)	(6)
Distribution to noncontrolling interest	3,963	4,747	3,955
Other financing activities	(112)	(684)	(1,758)
Net cash (used in) provided by financing activities	(106,572)	224,128	(258,255)
Effect of exchange rate changes on cash	(14,937)	2,969	(3,583)
Net increase in cash and cash equivalents	94,030	138,002	9,742
Cash and cash equivalents at beginning of period	(183,023)	(45,021)	(35,279)
Cash and cash equivalents at end of period	(277,053)	(183,023)	(45,021)
Supplemental disclosures of cash flow information
Interest	98,099	116,977	72,906
Income taxes	32,987	27,870	13,520
Property and equipment acquired under finance leases	7,033	6,996	1,605
Amounts accrued related to property, plant and equipment	12,810	4,462	8,371
Amounts accrued related to capitalized software development costs	124	2,830	0
Amounts accrued related to business acquisitions	$ 8,425	$ 45,025	$ 2,289

Shareholders' Equity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2020 USD ($) $ / shares	Jun. 30, 2022 € / shares	Jun. 30, 2021 € / shares	May 01, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares, Outstanding	26,112,322	26,035,910
Share-based compensation expense \| $	$ 49,766	$ 37,034	$ 34,874
Issuance of ordinary shares due to share option exercises, Shares	0
Share-based Payment Arrangement, Amount Capitalized \| $	$ 1,221	$ 1,338	1,157
Common Stock, Capital Shares Reserved for Future Issuance	1,480,926
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	250.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	5,298	5,298
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price \| $ / shares	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price \| $ / shares	80.01	$ 80.01
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price \| $ / shares	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	5,298
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price \| $ / shares	$ 80.01
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 9 months 18 days	3 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value \| $	$ 5,460	$ 2,280	$ 40,906
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value \| $ / shares		$ 134.45
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 110.28
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		1,158,716
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(15,373)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price \| $ / shares	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Number of Shares	0
Class of Warrant or Right, Number of Securities Called by Warrants or Rights						1,055,377
Class of Warrant or Right, Percentage of Securities						3.875%
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares						$ 60
Warrants Not Settleable in Cash, Fair Value Disclosure \| $	$ 22,432
Common Stock, Value per Share \| € / shares				€ 0.01	€ 0.01
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount \| $	$ 89,977
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 80.26	$ 93.64	$ 46.94
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding \| $	$ 10,123	$ 17,231	$ 1,905
Restricted share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value \| $ / shares	$ 83.66	$ 93.54
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	771,671
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 80.26
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(113,207)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 93.92
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(54,619)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,038,234	434,389
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value \| $ / shares	$ 92.91
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested \| $	$ 40,387
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value \| $ / shares	$ 130.61
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	215,899
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 110.28	$ 129.25	$ 142.90
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	1,359,242
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 134.98
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding \| $	$ 52,875	$ 125,616	$ 78,951
Maximum [Member] \| 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Authorized for Grants	3,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	250.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3,398,105
Minimum [Member] \| 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	0.00%

Leases

12 Months Ended

Jun. 30, 2022

Leasing Disclosures [Abstract]

Lessee, Operating Leases

Leases

We lease certain machinery and plant equipment, office space, and production and warehouse facilities under non-cancelable operating leases that expire on various dates through 2037. Our finance leases primarily relate to machinery and plant equipment.

The following table presents the classification of right-of-use assets and lease liabilities as of June 30, 2022 and 2021:


Leases	Consolidated Balance Sheet Classification	June 30, 2022		June 30, 2021

Assets:
Operating right-of-use assets	Operating lease assets, net	$	80,694	$	87,626
Finance right-of-use assets	Property, plant, and equipment, net (1)	19,181		35,384
Total lease assets		$	99,875	$	123,010
Liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	27,706	$	26,551
Finance lease liabilities	Other current liabilities (1)	6,684		32,314
Non-current:
Operating lease liabilities	Operating lease liabilities, non-current	57,474		66,222
Finance lease liabilities	Other liabilities	14,699		18,528
Total lease liabilities		$	106,563	$	143,615

__________________

(1) The decrease in finance lease assets and current liabilities is due primarily to the lease modification described below within the "Purchase and Sale of Leased Facilities" section.

The following table represents the lease expenses for the years ended June 30, 2022 and 2021:


	Year Ended
	June 30, 2022		June 30, 2021
Operating lease expense (1)	$	26,975	$	36,803
Finance lease expense:
Amortization of finance lease assets	5,892		5,557
Interest on lease liabilities	305		211
Variable lease expense	7,550		7,846
Less: sublease income	(86)		(2,309)
Net operating and finance lease cost	$	40,636	$	48,108

__________________

(1) The decrease in operating lease expense from fiscal year 2021 to fiscal year 2022 is mainly driven by prior year decisions to exit certain leased facilities as some of our businesses have shifted to a remote-first operating model.

Future minimum lease payments under non-cancelable leases as of June 30, 2022 were as follows:


Payments Due by Period	Operating lease obligations		Finance lease obligations		Total lease obligations
Less than 1 year	$	29,361	$	6,148	$	35,509
2 years	23,698		5,343		29,041
3 years	16,308		4,853		21,161
4 years	8,951		3,424		12,375
5 years	4,703		2,213		6,916
Thereafter	9,301		832		10,133
Total	92,322		22,813		115,135
Less: present value discount	(7,142)		(1,430)		(8,572)
Lease liability	$	85,180	$	21,383	$	106,563

Other information about leases is as follows:


Lease Term and Discount Rate	June 30, 2022		June 30, 2021
Weighted-average remaining lease term (years):
Operating leases	4.32		4.28
Finance leases (1)	3.89		10.71
Weighted-average discount rate:
Operating leases	3.71	%	3.17	%
Finance leases (1)	2.79	%	3.93	%

(1) The decrease in finance lease weighted-average remaining lease term and discount rate is due primarily to the lease modification described below within the "Purchase and Sale of Leased Facilities" section.

Our leases have remaining lease terms of 1 year to 15 years, inclusive of renewal or termination options that we are reasonably certain to exercise.


	Year Ended
Supplemental Cash Flow Information	June 30, 2022		June 30, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	26,641	$	47,327
Operating cash flows from finance leases	305		211
Financing cash flows from finance leases (1)	37,512		8,001

________________

(1) The current fiscal year financing cash outflows include the payment to purchase the leased facility discussed below.

Purchase and Sale of a Leased Facility

During the second quarter of fiscal year 2022, we paid $27,885 to exercise the purchase option available for one of our leased facilities, resulting in a $23,534 decrease in the current portion of our finance lease obligations. We immediately sold this facility to a separate third party for $23,226.

We previously identified a triggering event for this leased facility in fiscal year 2021 due to a change in our intended use of the right-of-use asset, as we had committed to plans to exit the space and instead market it to be subleased or sold. At that time, we assessed the lease for impairment and performed a discounted cash flow analysis using current market-based rent assumptions, which resulted in an impairment of $7,420 that was recognized in general and administrative expense on the consolidated statement of operations for the year ended June 30, 2021. Additionally, we recorded an impairment for abandoned equipment in the amount of $1,680 that was recognized in general and administrative expense for the year ended June 30, 2021.

Due to the fiscal year 2021 impairment charge taken, we recognized a $3,324 gain on the sale of the asset within general and administrative expense on our consolidated statement of operations during the year ended June 30, 2022. For the year ended June 30, 2022, our consolidated statement of cash flows includes a $23,226 cash inflow for the sale of the facility presented as an investing activity as part of proceeds from the sale of assets and a $27,885 cash outflow for the exercise of the purchase option presented as a financing activity as part of payments of finance lease obligations.

Waltham Lease Modification

On January 6, 2021, we modified the lease agreement for our Waltham, Massachusetts office location, which resulted in us retaining a small portion of the previously leased office space in exchange for a reduction to our monthly rent payments for the space we no longer lease and the payment of an early termination fee of $8,761. Due to the partial termination of the lease, we recorded a decrease to the operating lease liabilities of $47,801 to reflect the reduced lease payments, including the termination penalties. We also recorded a decrease to the operating lease asset of $46,645 based on the proportionate decrease in the right-of-use asset, which resulted in a gain of $1,156, recognized in general and administrative expense on the consolidated statement of operations for the year ended June 30, 2021.

Due to our plans to no longer occupy the remaining leased office space and instead market the space to be subleased, we identified a triggering event with regards to the modified right-of-use asset. Therefore, we performed a discounted cash flow analysis that considered market-based rent assumptions, which resulted in an impairment of the right-of-use asset of $7,489 which was recognized in general and administrative expense on the consolidated statement of operations for the year ended June 30, 2021. Additionally, we recorded an impairment to general and administrative expense for abandoned assets related to the vacated space totaling $4,483, which included $2,787 in subtenant allowances, $1,312 in leasehold improvements, and $384 in furniture and fixtures.

Noncontrolling interests

12 Months Ended

Jun. 30, 2022

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

Redeemable Noncontrolling Interests

For some of our subsidiaries, we own a controlling equity stake, and a third party or key members of the businesses' management team owns a minority portion of the equity, which includes those described below, as well as several immaterial noncontrolling interests. The put options for several of our noncontrolling interests are exercisable in fiscal year 2023. Exercising a put option is at the discretion of each noncontrolling interest holder, which creates uncertainty around the timing of our cash outflow should an option be exercised. As of June 30, 2022, the total estimated redemption value is $103,572 for those noncontrolling interests with exercise windows in fiscal year 2023.

PrintBrothers

Members of the PrintBrothers management team hold minority equity interests ranging from 11% to 12% in each of the three businesses within the segment. The put options associated with the redeemable noncontrolling interests have annual exercise windows for 90% of their minority equity interest to Cimpress in each quarter ending in December. The first window occurred in the second quarter of fiscal 2022 and no options were exercised. The next exercise window, which occurs in the second quarter of fiscal 2023, is based on actual results through June 30, 2022, and the estimated redemption value for the collective noncontrolling interests is $99,724. If the put options are exercised, then Cimpress may redeem the remaining 10% minority equity interest concurrently with the put option exercise or on the first, second, or third anniversary of the put option exercise. Cimpress has call options for the full amount of the minority equity interests with the first exercise window occurring during the second quarter of fiscal year 2027.

During the year ended June 30, 2022, the redemption value of two PrintBrothers businesses increased above their carrying value due to strong financial performance during the current fiscal year as well as the lapping of a period where performance was more severely impacted by the pandemic. The increased redemption value resulted in an adjustment to redeemable noncontrolling interest of $61,691. The offsetting amount was recognized within retained earnings as the redemption values for these noncontrolling interests were below each estimated fair value.

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


	Redeemable Noncontrolling Interest
Balance as of June 30, 2020	$	69,106
Acquisition of noncontrolling interest (1)	4,370
Accretion to redemption value recognized in retained earnings (2)	3,049
Net income attributable to noncontrolling interests	2,772
Distribution to noncontrolling interests (3)	(4,746)
Purchase of noncontrolling interest (4)	(5,063)
Foreign currency translation	1,632
Balance as of June 30, 2021	71,120

Acquisition of noncontrolling interest (1)	4,453

Accretion to redemption value (2)	61,962

Net income attributable to noncontrolling interests	3,761
Distribution to noncontrolling interests (3)	(3,963)
Purchase of noncontrolling interest (4)	(2,165)

Foreign currency translation	(3,685)
Balance as of June 30, 2022	$	131,483

_________________

(1) During fiscal year 2021, we acquired the majority equity interest in an immaterial business within our All Other reportable segment. On January 21, 2022, we completed a transaction that resulted in our acquisition of a 75% interest in a company that is included in the PrintBrothers reportable segment. The remaining 25% is considered a redeemable noncontrolling interest which was recognized at fair value as of the acquisition date.

(2) Accretion of redeemable noncontrolling interests to redemption value recognized in retained earnings or additional paid in capital is the result of the estimated redemption amount being greater than carrying value but less than fair value. Refer above for additional details included above.

(3) Distributions to noncontrolling interests include contractually required profit sharing payments made annually to the minority interest holders in one of the PrintBrothers businesses.

(4) During fiscal year 2021, a PrintBrothers noncontrolling interest holder sold their shares to Cimpress and in fiscal year 2022 the final redemption amount associated with this share purchase was paid.

Other Balance Sheet Components Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Separate Account, Liability [Line Items]
Finance Lease, Liability, Noncurrent	$ 14,699	$ 18,528
Other liabilities	64,394	96,410
Other Noncurrent Liabilities [Member]
Separate Account, Liability [Line Items]
Finance Lease, Liability, Noncurrent	14,699	18,528
Derivative Liability, Noncurrent	463	41,074
Deferred Compensation Liability, Classified, Noncurrent	19,934	10,298
Other liabilities	$ 29,298	$ 26,510

Label	Element	Value
Other Lease [Member]
Operating Lease, Impairment Loss	us-gaap_OperatingLeaseImpairmentLoss	$ 7,420,000
Waltham Lease [Member]
Other Asset Impairment Charges	us-gaap_OtherAssetImpairmentCharges	4,483,000
Total lease obligation	cmpr_Totalleaseobligation	106,563,000
Total lease obligation	cmpr_Totalleaseobligation	143,615,000
Lease termination penalty	cmpr_LeaseTerminationPenalty	8,761,000
Operating Lease, Expense	us-gaap_OperatingLeaseExpense	26,975,000
Operating Lease, Expense	us-gaap_OperatingLeaseExpense	36,803,000
Operating Lease, Impairment Loss	us-gaap_OperatingLeaseImpairmentLoss	7,489,000
Finance Lease, Right-of-Use Asset, Amortization	us-gaap_FinanceLeaseRightOfUseAssetAmortization	5,892,000
Finance Lease, Right-of-Use Asset, Amortization	us-gaap_FinanceLeaseRightOfUseAssetAmortization	5,557,000
Finance Lease, Liability, Payments, Due in Rolling Year Four	us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFour	3,424,000
Finance Lease, Interest Expense	us-gaap_FinanceLeaseInterestExpense	305,000
Finance Lease, Interest Expense	us-gaap_FinanceLeaseInterestExpense	211,000
Variable Lease, Cost	us-gaap_VariableLeaseCost	7,550,000
Variable Lease, Cost	us-gaap_VariableLeaseCost	7,846,000
Sublease Income	us-gaap_SubleaseIncome	86,000
Sublease Income	us-gaap_SubleaseIncome	2,309,000
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	us-gaap_FinanceLeaseRightOfUseAsset	19,181,000
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	us-gaap_FinanceLeaseRightOfUseAsset	35,384,000
Total Lease Assets	cmpr_TotalLeaseAssets	99,875,000
Total Lease Assets	cmpr_TotalLeaseAssets	123,010,000
Lease, Cost	us-gaap_LeaseCost	40,636,000
Lease, Cost	us-gaap_LeaseCost	48,108,000
Lessee, Operating Lease, Liability, to be Paid, Year One	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	29,361,000
Finance Lease, Liability, Payments, Due in Rolling Year Two	us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearTwo	5,343,000
Finance Lease, Liability, Payments, Due in Next Rolling 12 Months	us-gaap_FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths	6,148,000
Lessee, Operating Lease, Liability, to be Paid, Year Two	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	23,698,000
Total Lease Obligation, Future Minimum payments due, Next twelve months	cmpr_TotalLeaseObligationFutureMinimumpaymentsdueNexttwelvemonths	35,509,000
Lessee, Operating Lease, Liability, to be Paid, Year Three	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree	16,308,000
Lessee, Operating Lease, Liability, to be Paid, after Year Five	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	9,301,000
Total Lease Obligation, Future Minimum payments due, in two years	cmpr_TotalLeaseObligationFutureMinimumpaymentsdueintwoyears	29,041,000
Lessee, Operating Lease, Liability, to be Paid, Year Five	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive	4,703,000
Finance Lease, Liability, Payments, Due in Rolling Year Three	us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearThree	4,853,000
Total Lease Obligation, Future Minimum payments due, in three years	cmpr_TotalLeaseObligationFutureMinimumpaymentsdueinthreeyears	21,161,000
Total Lease Obligation, Future Minimum payments due, in four years	cmpr_TotalLeaseObligationFutureMinimumpaymentsdueinfouryears	12,375,000
Lessee, Operating Lease, Liability, to be Paid	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue	92,322,000
Finance Lease, Liability, Payments, Due in Rolling Year Five	us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingYearFive	$ 2,213,000
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	Property, Plant and Equipment, Net
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	us-gaap_FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	Property, Plant and Equipment, Net
Total Lease Obligation, Future Minimum payments due, in five years	cmpr_TotalLeaseObligationFutureMinimumpaymentsdueinfiveyears	$ 6,916,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	7,142,000
Finance Lease, Liability, Payments, Due in Rolling after Year Five	us-gaap_FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive	$ 832,000
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	us-gaap_FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	Other Liabilities, Current
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	us-gaap_FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	Other Liabilities, Current
Total Lease Obligation, Future Minimum payments due, thereafter	cmpr_TotalLeaseObligationFutureMinimumpaymentsduethereafter	$ 10,133,000
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	us-gaap_FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	Other Liabilities, Noncurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	us-gaap_FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	Other Liabilities, Noncurrent
Operating Lease, Liability	us-gaap_OperatingLeaseLiability	$ 85,180,000
Finance Lease, Liability, Payment, Due	us-gaap_FinanceLeaseLiabilityPaymentsDue	22,813,000
Total Lease Obligation, Future Minimum payments due	cmpr_TotalLeaseObligationFutureMinimumpaymentsdue	115,135,000
Finance Lease, Liability	us-gaap_FinanceLeaseLiability	21,383,000
Finance Lease, Liability, Undiscounted Excess Amount	us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount	1,430,000
Total Lease Liability, Undiscounted Excess Amount	cmpr_TotalLeaseLiabilityUndiscountedExcessAmount	(8,572,000)
Total Lease Obligation, Future Minimum payments due, discounted	cmpr_TotalLeaseObligationFutureMinimumPaymentsDueDiscounted	$ 106,563,000
Operating Lease, Weighted Average Remaining Lease Term	us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1	4 years 3 months 25 days
Operating Lease, Weighted Average Remaining Lease Term	us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1	4 years 3 months 10 days
Finance Lease, Weighted Average Remaining Lease Term	us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1	3 years 10 months 20 days
Finance Lease, Weighted Average Remaining Lease Term	us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1	10 years 8 months 15 days
Operating Lease, Weighted Average Discount Rate, Percent	us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent	3.71%
Operating Lease, Weighted Average Discount Rate, Percent	us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent	3.17%
Finance Lease, Weighted Average Discount Rate, Percent	us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent	2.79%
Finance Lease, Weighted Average Discount Rate, Percent	us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent	3.93%
Operating cash flows from operating leases	cmpr_OperatingCashFlowsFromOperatingLeases	$ 26,641,000
Operating cash flows from operating leases	cmpr_OperatingCashFlowsFromOperatingLeases	47,327,000
Lessee, Operating Lease, Liability, to be Paid, Year Four	us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour	8,951,000
Operating cash flows from finance leases	cmpr_OperatingCashFlowsFromFinanceLeases	305,000
Operating cash flows from finance leases	cmpr_OperatingCashFlowsFromFinanceLeases	211,000
Financing cash flows from finance leases	cmpr_FinancingCashFlowsFromFinanceLeases	37,512,000
Financing cash flows from finance leases	cmpr_FinancingCashFlowsFromFinanceLeases	$ 8,001,000
Maximum [Member]
Lessee, Lease Term	cmpr_LesseeLeaseTerm	15 years
Minimum [Member]
Lessee, Lease Term	cmpr_LesseeLeaseTerm	1 year
General and Administrative Expense [Member] \| Waltham Lease [Member]
Effect of Lease Modification	cmpr_EffectOfLeaseModification	$ 1,156,000
Leaseholds and Leasehold Improvements [Member] \| Waltham Lease [Member]
Other Asset Impairment Charges	us-gaap_OtherAssetImpairmentCharges	1,312,000
Assets [Member] \| Waltham Lease [Member]
Effect of Lease Modification	cmpr_EffectOfLeaseModification	46,645,000
Furniture and Fixtures [Member] \| Waltham Lease [Member]
Other Asset Impairment Charges	us-gaap_OtherAssetImpairmentCharges	384,000
Equipment [Member] \| Other Lease [Member]
Other Asset Impairment Charges	us-gaap_OtherAssetImpairmentCharges	1,680,000
Liability [Member] \| Waltham Lease [Member]
Effect of Lease Modification	cmpr_EffectOfLeaseModification	47,801,000
Other Assets [Member] \| Waltham Lease [Member]
Other Asset Impairment Charges	us-gaap_OtherAssetImpairmentCharges	$ 2,787,000

Debt (Details) € in Thousands, $ in Thousands		3 Months Ended	12 Months Ended
Debt (Details) € in Thousands, $ in Thousands	Feb. 13, 2020 USD ($)	Jun. 30, 2022 USD ($) Rate	Jun. 30, 2022 USD ($) Rate	Jun. 30, 2022 EUR (€) Rate	Jun. 30, 2021 USD ($)
Line of Credit Facility [Line Items]
Senior Notes		$ 600,000	$ 600,000		$ 600,000
Debt, Long-term and Short-term, Combined Amount		1,685,948	1,685,948		1,742,406
Other Long-term Debt		8,063	8,063		12,835
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		(19,417)	(19,417)		(22,450)
Short-term debt		10,386	10,386		9,895
Long-term debt		1,675,562	1,675,562		1,732,511
Short-term Debt [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Unamortized Discount		3,498	3,498		3,435
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 250,000	$ 250,000
Description of variable rate basis			0
Weighted average interest rate \| Rate		4.98%	4.98%	4.98%
Debt Instrument, Covenant Description		the First Lien Leverage Ratio calculated as of the last day of such quarter does not exceed 3.25 to 1.00
Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on LIBOR			2.50%
Commitment fee (percentage) \| Rate			0.35%
Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on LIBOR			3.00%
Commitment fee (percentage) \| Rate			0.45%
Senior Notes
Line of Credit Facility [Line Items]
Proceeds from Issuance of Private Placement	$ 600,000
Term Loan B, Euro Tranche
Line of Credit Facility [Line Items]
Debt, Long-term and Short-term, Combined Amount \| €				€ 300,000
Description of variable rate basis			0
Basis spread on LIBOR			3.50%
Term Loan B, USD Tranche
Line of Credit Facility [Line Items]
Debt, Long-term and Short-term, Combined Amount		$ 795,000	$ 795,000
Description of variable rate basis			0.50
Basis spread on LIBOR			3.50%
Term Loan B
Line of Credit Facility [Line Items]
Debt, Long-term and Short-term, Combined Amount		$ 1,097,302	$ 1,097,302		$ 1,152,021

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Current Federal Tax Expense (Benefit)	$ 526	$ (93)	$ (16,269)
Deferred Tax Assets, Operating Loss Carryforwards	71,820	73,574
Deferred Tax Assets, Capital leases	24,952	31,363
Deferred tax assets, Depreciation and Amortization	3,736	9,136
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	12,244	9,538
Income tax expense (benefit)	59,901	18,903	(80,992)
Deferred taxes	(22,879)	10,284	$ 106,864
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	16,090	11,192
Deferred Tax Assets, Tax Credit Carryforwards, Other	47,405	41,222
Deferred Tax Assets, Derivative Instruments	0	5,745
Deferred Tax Assets, Other	1,120	3,661
Deferred Tax Assets, Gross	301,260	319,310
Deferred Tax Assets, Valuation Allowance	134,660	111,476
Deferred Tax Assets, Net of Valuation Allowance	166,600	207,834
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount	134,659	111,476
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Cost and Expense	(33,859)
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Other Account	(10,676)
Deferred Tax Liabilities Deferred Expense Depreciation And Amortization	32,595	37,694
Deferred Tax Liabilities, Capital leases	21,049	24,920
Deferred tax liabilities, investment in flow through entity	7,031	5,003
Deferred Tax Liabilities, Undistributed Foreign Earnings	$ (6,692)	$ (6,877)
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	97.10%	(20.30%)	(408.40%)
Deferred Tax Liabilities, Derivatives	$ 19,703
Deferred Tax Liabilities, Other	(7,584)	$ (6,627)
Deferred Tax Liabilities, Gross	94,654	85,649
Deferred tax assets, net of deferred tax liabilities	71,946	122,185
Undistributed Earnings of Foreign Subsidiaries	48,966
Current State and Local Tax Expense (Benefit)	568	546	$ 213
Current Foreign Tax Expense (Benefit)	36,932	28,205	22,361
Current Income Tax Expense (Benefit)	38,026	28,658	6,305
Deferred Federal Income Tax Expense (Benefit)	(3,566)	(1,573)	12,980
Deferred State and Local Income Tax Expense (Benefit)	12	(31)	3,213
Deferred Foreign Income Tax Expense (Benefit)	25,429	(8,151)	(103,490)
Deferred Income Tax Expense (Benefit)	21,875	(9,755)	(87,297)
Income Tax Holiday, Aggregate Dollar Amount	266
Unrecognized Tax Benefits	$ 12,996	$ 13,399	$ 5,847	$ 4,721
Effective Income Tax Rate Reconciliation, Percent	642.00%	(29.70%)	(2697.00%)
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent	(5.10%)	(0.40%)	(28.70%)
UNITED STATES
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards, Other	$ 32,767
Depositphotos acquisition
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	4,402
Derivative [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	5,745
Interest Expense [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	3,440
IRELAND
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Other	8,332
IRELAND \| Capital Loss Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	3,331
IRELAND \| General Business Tax Credit Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	303
SWITZERLAND
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Goodwill and Intangible Assets	102,098
Deferred Tax Assets, Operating Loss Carryforwards	10,561
Income tax expense (benefit)		$ 113,482
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	29,600
UNITED STATES
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	3,136
Deferred Tax Assets, Other	22,778
UNITED STATES \| Research Tax Credit Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Valuation Allowance	27,858
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	2,469
UNITED STATES \| Capital Loss Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Valuation Allowance	4,783
UNITED STATES \| Deferred Compensation, Share-based Payments [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Valuation Allowance	14,300
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	4,225
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	477,144
Deferred Tax Assets, Other	1,048
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	22,975
Deferred Tax Assets, Other	5,225
FRANCE \| Capital Loss Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 3,313
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	10.00%
Potential tax withholding, Repatriated Earnings	$ 11,300
Effective Income Tax Rate Reconciliation, Tax Holiday, Percent	15.00%
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	30.00%
Potential tax withholding, Repatriated Earnings	$ 12,300
Effective Income Tax Rate Reconciliation, Tax Holiday, Percent	25.00%
Federal Act on Tax Reform and AHV Financing (TRAF) [Member]
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)		113,482
Deferred Tax Assets, Other	$ 123,893	133,879
Deferred Tax Assets, Valuation Allowance	29,600
Federal Act on Tax Reform and AHV Financing (TRAF) [Member] \| SWITZERLAND \| Currency rate change [Member]
Operating Loss Carryforwards [Line Items]
Deferred taxes	4,676
Federal Act on Tax Reform and AHV Financing (TRAF) [Member] \| SWITZERLAND \| Cantonal rate change [Member]
Operating Loss Carryforwards [Line Items]
Deferred taxes	5,310
Italy tax suspension reserve
Operating Loss Carryforwards [Line Items]
Deferred Tax Liabilities, Other	$ 0	$ (4,528)

Description of the Business	12 Months Ended
Description of the Business	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Cimpress is a strategically focused group of more than a dozen businesses that specialize in mass customization of printing and related products, via which we deliver large volumes of individually small-sized customized orders. Our products include a broad range of marketing materials, business cards, signage, promotional products, logo apparel, packaging, books and magazines, wall decor, photo merchandise, invitations and announcements, and other categories. Mass customization is a core element of the business model of each Cimpress business and is a competitive strategy which seeks to produce goods and services to meet individual customer needs with near mass production efficiency.In October 2021 our Vista business and reportable segment began evolving its brand architecture to "Vista". Brands like "VistaPrint", "VistaCreate", "99designs by Vista", Vista x Wix, and "Vista Corporate Solutions" now operate within the "Vista" brand architecture. This move should help open customers' minds to allow us to serve a broader set of their needs across a wide range of products and solutions that includes design, social media and web presence as well as print. No changes were made to our internal organizational or reporting structure as a result of this rebranding, but we we now refer to this reportable segment as "Vista".

Property, Plant and Equipment, Net

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property, Plant and Equipment, Net

Property, plant, and equipment, net consists of the following:


		June 30,
	Estimated useful lives	2022		2021
Land improvements	10 years	$	4,899	$	5,053
Building and building improvements	10 - 30 years	180,295		191,653

Machinery and production equipment	4 - 10 years	366,647		380,013
Machinery and production equipment under finance lease	4 - 10 years	57,669		73,321
Computer software and equipment	3 - 5 years	105,778		119,742
Furniture, fixtures and office equipment	5 - 7 years	35,681		38,357
Leasehold improvements	Shorter of lease term or expected life of the asset	52,671		64,060
Construction in progress		13,117		7,242
		816,757		879,441
Less accumulated depreciation, inclusive of assets under finance lease		(557,981)		(583,752)
		258,776		295,689
Land		28,050		32,990
Property, plant, and equipment, net		$	286,826	$	328,679

Depreciation expense, inclusive of assets under finance leases, totaled $67,513, $71,057, and $74,665 for the years ended June 30, 2022, 2021 and 2020, respectively.

Derivative Financial Instruments

12 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure

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 change in the fair value of the derivative is recorded in accumulated other comprehensive loss and subsequently reclassified into earnings in the period the hedged forecasted transaction affects earnings. Additionally, any ineffectiveness associated with an effective and designated hedge is recognized within accumulated other comprehensive loss.

The change in the fair value of derivatives not designated as hedges is recognized directly in earnings as a component of other income (expense), 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. Amounts reported in accumulated other comprehensive loss related to interest rate swap contracts will be reclassified to interest expense, net as interest payments are accrued or made on our variable-rate debt.

As of June 30, 2022, we estimate that $1,970 will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending June 30, 2023. As of June 30, 2022, we had fourteen effective outstanding interest rate swap contracts indexed to USD LIBOR. These hedges have varying start dates and maturity dates through April 2028.


Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of June 30, 2022	$	400,000
Contracts with a future start date	430,000
Total	$	830,000

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 June 30, 2022, we had one outstanding cross-currency swap contract designated as a cash flow hedge with a total notional amount of $58,478, maturing during June 2024. We entered into the cross-currency swap contract 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 income (expense), net as interest payments are accrued or paid and upon remeasuring the intercompany loan. As of June 30, 2022, we estimate that $1,892 of income will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending June 30, 2023.

Other Currency Hedges

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. These contracts or intercompany loans may be designated as hedges to mitigate the risk of changes in the U.S. dollar equivalent value of a portion of our net investment in consolidated subsidiaries that have the Euro as their functional currency. Amounts reported in accumulated other comprehensive loss are recognized as a component of our cumulative translation adjustment.

In April 2022 we early terminated all of our currency forward contracts designated as net investment hedges, and as of June 30, 2022 we had no currency forward contracts designated as net investment hedges. We have one intercompany loan designated as a net investment hedge with a total notional amount of $364,524 that matures in May 2028.

We have elected to not apply hedge accounting for all other currency forward and option contracts. During the years ended June 30, 2022 and 2021, we experienced volatility within other income (expense), 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 June 30, 2022, 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 or balances denominated in Australian Dollar, British Pound, Canadian Dollar, Danish Krone, Euro, Indian Rupee, Japanese Yen, Mexican Peso, New Zealand Dollar, Norwegian Krone, Philippine Peso, Swiss Franc and Swedish Krona:

Notional Amount

Effective Date

Maturity Date

Number of Instruments

Index

$437,323

June 2020 through June 2022

Various dates through October 2024

621

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 June 30, 2022 and June 30, 2021. Our derivative asset and liability balances fluctuate with interest rate and currency exchange rate volatility.


	June 30, 2022
	Asset Derivatives							Liability Derivatives
	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 designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swaps	Other assets	$	14,336	$	—	$	14,336	Other current liabilities / other liabilities	$	—	$	—	$	—
Cross-currency swaps	Other assets	—		—		—		Other liabilities	(446)		—		(446)



Total derivatives designated as hedging instruments		$	14,336	$	—	$	14,336		$	(446)	$	—	$	(446)

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	24,440		(3,802)		20,638		Other current liabilities / other liabilities	(505)		—		(505)
Currency option contracts	Other current assets / other assets	10,612		(1)		10,611		Other liabilities	(9)		—		(9)
Total derivatives not designated as hedging instruments		$	35,052	$	(3,803)	$	31,249		$	(514)	$	—	$	(514)


	June 30, 2021
	Asset Derivatives							Liability Derivatives
	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 designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swaps	Other current assets / other assets	$	—	$	—	$	—	Other current liabilities / other liabilities	$	(23,527)	$	176	$	(23,351)
Cross-currency swaps	Other assets	—		—		—		Other liabilities	(9,914)		—		(9,914)
Derivatives in Net Investment Hedging Relationships

Currency forward contracts	Other assets	—		—		—		Other current liabilities / other liabilities	(11,379)		—		(11,379)
Total derivatives designated as hedging instruments		$	—	$	—	$	—		$	(44,820)	$	176	$	(44,644)

Derivatives not designated as hedging instruments
Interest rate swaps	Other assets	$	—	$	—	$	—	Other liabilities	$	(1,842)	$	—	$	(1,842)

Currency forward contracts	Other current assets / other assets	1,796		(117)		1,679		Other current liabilities / other liabilities	(11,510)		3,238		(8,272)
Currency option contracts	Other current assets / other assets	—		—		—		Other current liabilities / other liabilities	(3,315)		235		(3,080)
Total derivatives not designated as hedging instruments		$	1,796	$	(117)	$	1,679		$	(16,667)	$	3,473	$	(13,194)

The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive income (loss) for the years ended June 30, 2022, 2021 and 2020:


	Year Ended June 30,
		2022		2021		2020
Derivatives in cash flow hedging relationships
Interest rate swaps		$	25,511	$	3,340	$	(28,259)
Cross-currency swaps		(22,698)		6,996		3,689
Derivatives in net investment hedging relationships

Intercompany loan		49,225		7,518		—
Currency forward contracts		13,622		(19,052)		21,240
Total		$	65,660	$	(1,198)	$	(3,330)

The following table presents reclassifications out of accumulated other comprehensive loss for the years ended June 30, 2022, 2021 and 2020:


		Amount of Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income						Affected line item in the Statement of Operations
	Year Ended June 30,
		2022		2021		2020
Derivatives in cash flow hedging relationships
Interest rate swaps		$	9,998	$	6,967	$	3,041	Interest expense, net
Cross-currency swaps		18,286		(10,950)		4,583		Other income (expense), net
Total before income tax		28,284		(3,983)		7,624		Income (loss) before income taxes
Income tax		(2,087)		(106)		(1,850)		Income tax expense (benefit)
Total		$	26,197	$	(4,089)	$	5,774

The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the years ended June 30, 2022, 2021 and 2020 for derivative instruments for which we did not elect hedge accounting and de-designated derivative financial instruments that no longer qualify as hedging instruments.


								Affected line item in the Statement of Operations
	Year Ended June 30,
		2022		2021		2020
Currency contracts		$	51,784	$	(24,235)	$	20,882	Other income (expense), net
Interest rate swaps		6,364		3,507		(318)		Other income (expense), net
Total		$	58,148	$	(20,728)	$	20,564

Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Income Tax Holiday, Aggregate Dollar Amount	$ 266
U.S.	(7,299)	$ 2,689	$ (58,844)
Non-U.S. Income (Loss)	16,630	(66,243)	61,846
Current Federal Tax Expense (Benefit)	526	(93)	(16,269)
Current State and Local Tax Expense (Benefit)	568	546	213
Current Foreign Tax Expense (Benefit)	36,932	28,205	22,361
Current Income Tax Expense (Benefit)	38,026	28,658	6,305
Deferred Federal Income Tax Expense (Benefit)	(3,566)	(1,573)	12,980
Deferred State and Local Income Tax Expense (Benefit)	12	(31)	3,213
Deferred Foreign Income Tax Expense (Benefit)	25,429	(8,151)	(103,490)
Deferred Income Tax Expense (Benefit)	21,875	(9,755)	(87,297)
Income tax expense (benefit)	$ 59,901	$ 18,903	$ (80,992)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	(11.10%)	3.10%	(130.10%)
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	97.10%	(20.30%)	(408.40%)
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	4.80%	(0.50%)	7.40%
Effective Income Tax Rate Reconciliation, Deduction, Other, Percent	(21.90%)	0.20%	(420.70%)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	0.00%	0.00%	(372.60%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent	0.00%	0.00%	759.10%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	363.70%	(27.20%)	1277.50%
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent	(46.80%)	(8.80%)	(262.30%)
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent	39.20%	(3.90%)	154.10%
Effective Income Tax Rate Reconciliation, Disposition of Business, Percent	0.00%	0.00%	(189.20%)
Effective Income Tax Rate Reconciliation, Deduction, Percent	(8.80%)	1.40%	(47.90%)
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent	(23.70%)	4.20%	(88.30%)
Effective Income Tax Rate Reconciliation, Uncertain Tax Positions, Percent	35.90%	(1.00%)	28.80%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent	7.10%	0.50%	47.50%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Restructuring Charges, Percent	13.40%
Effective Income Tax Rate Reconciliation, Tax Contingency, Foreign, Percent	57.60%	1.20%	81.70%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(14.90%)	2.90%	(109.90%)
Effective Income Tax Rate Reconciliation, Tax Settlement, Percent	0.10%	(0.90%)	31.40%
Effective Income Tax Rate Reconciliation, Percent	642.00%	(29.70%)	(2697.00%)
Unrecognized Tax Benefits	$ 12,996	$ 13,399	$ 5,847	$ 4,721
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	448	448	586
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	2,958	7,448	769
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(23)	(51)	(102)
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(2,958)	(83)	(52)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(799)	(229)	(71)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	7,790
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	1,383	1,014	384
Deferred Tax Assets, Net of Valuation Allowance	166,600	207,834
Valuation Allowance [Line Items]
Income tax expense (benefit)	$ 59,901	18,903	$ (80,992)
SWITZERLAND
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)		113,482
Valuation Allowance [Line Items]
Income tax expense (benefit)		$ 113,482
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	10.00%
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 320
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	30.00%
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 370
Derivative Financial Instruments, Assets [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	73.50%	0.10%	0.00%
Intellectual Property [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	(10.40%)		16.40%
Interest Expense [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent	52.70%	(18.60%)	157.40%
Federal Act on Tax Reform and AHV Financing (TRAF) [Member]
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)		$ 113,482
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent	0.00%	0.00%	3779.00%
Valuation Allowance [Line Items]
Income tax expense (benefit)		$ 113,482
U.S. Global intangible low-taxed income (GILTI) [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	10.20%	(0.30%)
U.S. Foreign-derived intangible income (FDII) [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(6.80%)

Employees' Savings Plan	12 Months Ended
Employees' Savings Plan	Jun. 30, 2022
Retirement Benefits [Abstract]
Compensation and Employee Benefit Plans [Text Block]	Employees' Savings Plans Defined contribution plans We maintain certain government-mandated and defined contribution plans throughout the world. Our most significant defined contribution retirement plans are in the U.S. and comply with Section 401(k) of the Internal Revenue Code. We offer eligible employees in the U.S. the opportunity to participate in one of these plans and match most employees' eligible contributions at various rates subject to service vesting as specified in each of the related plan documents. This matching program was temporarily suspended from March 2020 through December 31, 2020 and was reinstated on January 1, 2021. We expensed $16,157, $12,228, and $10,710 for our government-mandated and defined contribution plans in the years ended June 30, 2022, 2021 and 2020, respectively. Defined benefit plan We currently have a defined benefit plan that covers substantially all of our employees in Switzerland. Our Swiss plan is a government-mandated retirement fund with benefits generally earned based on years of service and compensation during active employment; however, the level of benefits varies within the plan. Eligibility is determined in accordance with local statutory requirements. Under this plan, both we and certain of our employees with annual earnings in excess of government determined amounts are required to make contributions into a fund managed by an independent investment fiduciary. Employer contributions must be in an amount at least equal to the employee’s contribution. Minimum employee contributions are based on the respective employee’s age, salary, and gender. As of June 30 2022 and 2021, the plan had an unfunded net pension obligation of approximately $1,173 and $2,883, respectively, and plan assets which totaled approximately $4,754 and $4,128, respectively. For the years ended June 30, 2022, 2021 and 2020 we recognized expense totaling $537, $667, and $399, respectively, related to our Swiss plan.

Other Balance Sheet Components (Tables)

12 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses included the following:


	June 30, 2022		June 30, 2021
Compensation costs	$	78,521	$	73,861
Income and indirect taxes	41,886		46,074
Advertising costs	25,925		35,093
Shipping costs	10,228		9,401
Third party manufacturing and digital content costs (1)	15,790		6,881
Sales returns	6,286		5,636
Purchases of property, plant and equipment	642		1,110
Professional fees	2,394		4,210
Interest payable	2,477		2,399
Other	69,692		62,848
Total accrued expenses	$	253,841	$	247,513

_______________________

(1) The increase in third party manufacturing and digital content costs from June 30, 2021 to June 30, 2022 is primarily due to increased revenue causing higher third party fulfillment costs as well as the impact from our recent acquisition of Depositphotos on October 1, 2021. Refer to Note 7 for additional information about the acquisition.

Other Current Liabilities

Other current liabilities included the following:


	June 30, 2022		June 30, 2021
Current portion of finance lease obligations (1)	$	6,684	$	32,314
Short-term derivative liabilities (2)	4,299		20,530


Other (3)	17,052		50,671
Total other current liabilities	$	28,035	$	103,515

________________________

(1) The decrease in the current portion of our finance lease obligations is primarily due to the exercise of a purchase option for a previously leased facility that decreased our finance lease liability by $23,534. We immediately sold this facility to a third party and recognized a $3,324 gain on the sale of the asset during the year ended June 30, 2022. Refer to Note 16 for additional details.

(2) The decrease in short-term derivative liabilities is due to volatility in interest and foreign currency rates. Refer to Note 4 for additional details.

(3) Other current liabilities decreased primarily due to the $43,647 payment made in February 2022 for our prior year acquisition of 99designs. Refer to Note 7 for additional details.

Other Liabilities

Other liabilities included the following:


	June 30, 2022		June 30, 2021
Long-term finance lease obligations	$	14,699	$	18,528
Long-term derivative liabilities (1)	463		41,074


Long-term compensation incentives (2)	19,934		10,298
Other	29,298		26,510
Total other liabilities	$	64,394	$	96,410

________________________

(1) The decrease in long-term derivative liabilities is due to volatility in interest and currency rates. Refer to Note 4 for additional details about our derivative financial instruments.

(2) Includes cash-based employee bonus incentives, which are variable based on the performance of each individual business and vest over four years.

Goodwill Acquired Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ (329,000)	$ (313,285)
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	47,332
Finite-Lived Intangible Assets, Gross	483,730	500,029
Intangible assets, net	154,730	186,744
Finite-Lived Intangible Assets, Amortization Expense, Year Two	31,785
Finite-Lived Intangible Assets, Amortization Expense, Year Three	18,405
Finite-Lived Intangible Assets, Amortization Expense, Year Four	12,235
Finite-Lived Intangible Assets, Amortization Expense, Year Five	10,744
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	34,229
Amortization of acquired intangible assets	54,497	53,818	$ 51,786
Goodwill [Line Items]
Impairment of goodwill	0	0	$ 100,842
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	(65,203)	(59,432)
Finite-Lived Intangible Assets, Gross	144,916	152,347
Intangible assets, net	79,713	92,915
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	(75,585)	(71,255)
Finite-Lived Intangible Assets, Gross	96,120	99,905
Intangible assets, net	20,535	28,650
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	(160,247)	(152,410)
Finite-Lived Intangible Assets, Gross	195,766	199,294
Intangible assets, net	35,519	46,884
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	(11,580)	(14,431)
Finite-Lived Intangible Assets, Gross	23,946	22,301
Intangible assets, net	12,366	7,870
Print Network [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	(16,385)	(15,757)
Finite-Lived Intangible Assets, Gross	22,982	26,182
Intangible assets, net	$ 6,597	$ 10,425

Goodwill (Tables)

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The carrying amount of goodwill by reportable segment as of June 30, 2022 and June 30, 2021 was as follows:


	Vista		PrintBrothers		The Print Group		All Other Businesses		Total
Balance as of June 30, 2020	$	150,846	$	129,764	$	155,197	$	186,097	$	621,904
Acquisitions (1)	70,792		—		—		14,208		85,000
Effect of currency translation adjustments (2)	3,509		7,543		9,023		—		20,075
Balance as of June 30, 2021	225,147		137,307		164,220		200,305		726,979
Acquisitions (1)	73,168		10,484		—		—		83,652


Adjustments	(821)		—		—		—		(821)
Effect of currency translation adjustments (2)	(5,996)		(16,963)		(20,251)		—		(43,210)
Balance as of June 30, 2022	$	291,498	$	130,828	$	143,969	$	200,305	$	766,600

________________________

(1) On October 1, 2021, we acquired Depositphotos Inc., which is included in our Vista reportable segment. In the third quarter of fiscal 2022, we recognized goodwill related to an immaterial acquisition within our PrintBrothers reportable segment. In fiscal year 2021, we acquired 99designs, which is included in our Vista reportable segment, and a small business included within our All Other Businesses reportable segment. Refer to Note 7 for additional details.

(2) Related to goodwill held by subsidiaries whose functional currency is not the U.S. dollar.

Schedule of Acquired Indefinite-lived Intangible Assets by Major Class [Table Text Block]

Acquired Intangible Assets


	June 30, 2022						June 30, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	144,916	$	(65,203)	$	79,713	$	152,347	$	(59,432)	$	92,915
Developed technology	96,120		(75,585)		20,535		99,905		(71,255)		28,650
Customer relationships	195,766		(160,247)		35,519		199,294		(152,410)		46,884
Customer network and other	23,946		(11,580)		12,366		22,301		(14,431)		7,870
Print network	22,982		(16,385)		6,597		26,182		(15,757)		10,425
Total intangible assets	$	483,730	$	(329,000)	$	154,730	$	500,029	$	(313,285)	$	186,744

Acquired intangible assets amortization expense for the years ended June 30 2022, 2021, and 2020 was $54,497, $53,818, and $51,786 respectively. Estimated intangible assets amortization expense for each of the five succeeding fiscal years and thereafter is as follows:


2023	$	47,332
2024	31,785
2025	18,405
2026	12,235
2027	10,744
Thereafter	34,229
	$	154,730

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Land improvements	$ 4,899	$ 5,053
Building and building improvements	180,295	191,653
Machinery and production equipment	366,647	380,013
Finance Lease, Right-of-Use Asset, before Accumulated Amortization	57,669	73,321
Computer software and equipment	105,778	119,742
Furniture, fixtures and office equipment	35,681	38,357
Leasehold improvements	52,671	64,060
Construction in progress	13,117	7,242
Property, Plant and Equipment, Gross	816,757	879,441
Accumulated Depreciation, Depletion and Amortization, Property, Plant and Equipment, Period Increase (Decrease)	(557,981)	(583,752)
Property, Plant and Equipment, Other, Net	258,776	295,689
Land	28,050	32,990
Property, plant and equipment, net	286,826	328,679
Depreciation	$ 67,513	$ 71,057	$ 74,665

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Other comprehensive (loss) income, net of tax:
Net (loss) income	$ (50,570)	$ (82,457)	$ 83,995
Foreign currency translation (losses) gains, net of hedges	(9,990)	12,915	10,933
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax			(24,570)
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	2,813	10,336
Amounts reclassified from accumulated other comprehensive loss to net (loss) income on derivative instruments	26,197	(4,089)	5,774
Gain (loss) on pension benefit obligation, net	1,649	(336)	(1,195)
Comprehensive (loss) income	(29,901)	(63,631)	74,937
Add: Comprehensive (income) attributable to noncontrolling interests	(76)	(4,404)	(391)
Total comprehensive (loss) income attributable to Cimpress plc	$ (29,977)	$ (68,035)	$ 74,546

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jun. 30, 2022

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 $16,722, $764, and $1,709 for the years ended June 30, 2022, 2021 and 2020:


	(Losses) gains on cash flow hedges (1)		(Losses) gains on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2019	$	(11,282)	$	(204)	$	(68,371)	$	(79,857)
Other comprehensive (loss) income before reclassifications	(24,570)		(1,195)		11,172		(14,593)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	5,774		—		—		5,774
Net current period other comprehensive (loss) income	(18,796)		(1,195)		11,172		(8,819)
Balance as of June 30, 2020	(30,078)		(1,399)		(57,199)		(88,676)
Other comprehensive (loss) income before reclassifications	10,336		(336)		11,283		21,283
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	(4,089)		—		—		(4,089)
Net current period other comprehensive (loss) income	6,247		(336)		11,283		17,194
Balance as of June 30, 2021	(23,831)		(1,735)		(45,916)		(71,482)
Other comprehensive income before reclassifications	2,813		1,649		(6,305)		(1,843)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	26,197		—		—		26,197
Net current period other comprehensive income	29,010		1,649		(6,305)		24,354
Balance as of June 30, 2022	$	5,179	$	(86)	$	(52,221)	$	(47,128)

________________________

(1) (Losses) gains on cash flow hedges include our interest rate swap and cross-currency swap contracts designated in cash flow hedging relationships.

(2) As of June 30, 2022 and June 30, 2021, the translation adjustment is inclusive of both the unrealized and realized effects of our net investment hedges. Gains on currency forward and swap contracts, net of tax, of $15,079 and $1,457 have been included in accumulated other comprehensive loss as of June 30, 2022 and 2021, respectively. Intercompany loan hedge gains of $56,743 and $7,518, net of tax, have been included in accumulated other comprehensive loss as of June 30, 2022 and 2021, respectively. .

Derivative Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

As of June 30, 2022, we had fourteen effective outstanding interest rate swap contracts indexed to USD LIBOR. These hedges have varying start dates and maturity dates through April 2028.


Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of June 30, 2022	$	400,000
Contracts with a future start date	430,000
Total	$	830,000

Schedule of Notional Amounts of Outstanding Derivative Positions

Notional Amount

Effective Date

Maturity Date

Number of Instruments

Index

$437,323

June 2020 through June 2022

Various dates through October 2024

621

Various

Derivative Instruments in Statement of Financial Position, Fair Value


	June 30, 2022
	Asset Derivatives							Liability Derivatives
	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 designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swaps	Other assets	$	14,336	$	—	$	14,336	Other current liabilities / other liabilities	$	—	$	—	$	—
Cross-currency swaps	Other assets	—		—		—		Other liabilities	(446)		—		(446)



Total derivatives designated as hedging instruments		$	14,336	$	—	$	14,336		$	(446)	$	—	$	(446)

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	24,440		(3,802)		20,638		Other current liabilities / other liabilities	(505)		—		(505)
Currency option contracts	Other current assets / other assets	10,612		(1)		10,611		Other liabilities	(9)		—		(9)
Total derivatives not designated as hedging instruments		$	35,052	$	(3,803)	$	31,249		$	(514)	$	—	$	(514)


	June 30, 2021
	Asset Derivatives							Liability Derivatives
	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 designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swaps	Other current assets / other assets	$	—	$	—	$	—	Other current liabilities / other liabilities	$	(23,527)	$	176	$	(23,351)
Cross-currency swaps	Other assets	—		—		—		Other liabilities	(9,914)		—		(9,914)
Derivatives in Net Investment Hedging Relationships

Currency forward contracts	Other assets	—		—		—		Other current liabilities / other liabilities	(11,379)		—		(11,379)
Total derivatives designated as hedging instruments		$	—	$	—	$	—		$	(44,820)	$	176	$	(44,644)

Derivatives not designated as hedging instruments
Interest rate swaps	Other assets	$	—	$	—	$	—	Other liabilities	$	(1,842)	$	—	$	(1,842)

Currency forward contracts	Other current assets / other assets	1,796		(117)		1,679		Other current liabilities / other liabilities	(11,510)		3,238		(8,272)
Currency option contracts	Other current assets / other assets	—		—		—		Other current liabilities / other liabilities	(3,315)		235		(3,080)
Total derivatives not designated as hedging instruments		$	1,796	$	(117)	$	1,679		$	(16,667)	$	3,473	$	(13,194)

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


	Year Ended June 30,
		2022		2021		2020
Derivatives in cash flow hedging relationships
Interest rate swaps		$	25,511	$	3,340	$	(28,259)
Cross-currency swaps		(22,698)		6,996		3,689
Derivatives in net investment hedging relationships

Intercompany loan		49,225		7,518		—
Currency forward contracts		13,622		(19,052)		21,240
Total		$	65,660	$	(1,198)	$	(3,330)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications out of accumulated other comprehensive loss for the years ended June 30, 2022, 2021 and 2020:


		Amount of Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income						Affected line item in the Statement of Operations
	Year Ended June 30,
		2022		2021		2020
Derivatives in cash flow hedging relationships
Interest rate swaps		$	9,998	$	6,967	$	3,041	Interest expense, net
Cross-currency swaps		18,286		(10,950)		4,583		Other income (expense), net
Total before income tax		28,284		(3,983)		7,624		Income (loss) before income taxes
Income tax		(2,087)		(106)		(1,850)		Income tax expense (benefit)
Total		$	26,197	$	(4,089)	$	5,774

Derivatives Not Designated as Hedging Instruments


								Affected line item in the Statement of Operations
	Year Ended June 30,
		2022		2021		2020
Currency contracts		$	51,784	$	(24,235)	$	20,882	Other income (expense), net
Interest rate swaps		6,364		3,507		(318)		Other income (expense), net
Total		$	58,148	$	(20,728)	$	20,564

- 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.

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+ Details

Commitments and Contingencies

12 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Purchase Obligations

At June 30, 2022, we had unrecorded commitments under contract of $310,797, including inventory, third-party fulfillment and digital service purchase commitments of $124,383; third-party cloud services of $113,888; software of $23,650; advertising of $18,112; production and computer equipment purchases of $7,092; professional and consulting fees of $6,372, and other unrecorded purchase commitments of $17,300.

Debt

The required principal payments due during the next five fiscal years and thereafter under our outstanding long-term debt obligations at June 30, 2022 are as follows:


2023	$	13,884
2024	13,448
2025	13,454
2026	11,530
2027	611,166
Thereafter	1,041,883
Total	$	1,705,365

Other Obligations

We deferred payments for several of our acquisitions resulting in the recognition of a liability of $8,425 as of June 30, 2022, which primarily relates to a deferred payment for our acquisition of Depositphotos that is payable in October 2022. Refer to Note 7 for additional details.

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. For all legal matters, 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.

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Revenue	$ 2,887,555	$ 2,575,961	$ 2,481,358
Cost of revenue (1)	1,492,726	1,299,889	1,248,871
Technology and development expense (1)	292,845	253,060	253,252
Marketing and selling expense (1)	789,241	648,391	574,041
General and administrative expense (1)	197,345	195,652	183,054
Amortization of acquired intangible assets	54,497	53,818	51,786
Restructuring expense (1)	13,603	1,641	13,543
Income from operations	47,298	123,510	55,969
Other income (expense), net	61,463	(19,353)	22,874
Interest expense, net	(99,430)	(119,368)	(75,840)
Income (loss) before income taxes	9,331	(63,554)	3,003
Income tax expense (benefit)	59,901	18,903	(80,992)
Net (loss) income	(50,570)	(82,457)	83,995
Add: Net (income) attributable to noncontrolling interests	(3,761)	(2,772)	(630)
Net (loss) income attributable to Cimpress plc	$ (54,331)	$ (85,229)	$ 83,365
Basic net (loss) income per share attributable to Cimpress plc	$ (2.08)	$ (3.28)	$ 3.07
Diluted net (loss) income per share attributable to Cimpress plc	$ (2.08)	$ (3.28)	$ 3.00
Weighted average shares outstanding — basic	26,094,842	25,996,572	27,180,744
Weighted average shares outstanding — diluted	26,094,842	25,996,572	27,773,286
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	$ (49,766)	$ (37,034)	$ (34,874)
Cost of revenue
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(538)	(387)	(486)
Technology and development expense
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(13,582)	(9,063)	(9,003)
Marketing and selling expense
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(11,382)	(6,947)	(2,703)
General and administrative expense
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	$ (24,264)	$ (20,637)	(21,061)
Restructuring Charges
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense			$ (1,621)

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	May 01, 2020	Jun. 30, 2019
Accounting Policies [Line Items]
Accumulated other comprehensive loss	$ (47,128)	$ (47,128)	$ (71,482)	$ (88,676)		$ (79,857)
Retained earnings	414,138	414,138	530,159
Other income (expense), net		61,463	(19,353)	22,874
Income (loss) before income taxes		9,331	(63,554)	3,003
Net (loss) income		50,570	82,457	(83,995)
Net Income (Loss) Attributable to Parent		$ (54,331)	$ (85,229)	$ 83,365
Basic net (loss) income per share attributable to Cimpress plc		$ (2.08)	$ (3.28)	$ 3.07
Diluted net (loss) income per share attributable to Cimpress plc		$ (2.08)	$ (3.28)	$ 3.00
Foreign currency translation (losses) gains, net of hedges		$ (9,990)	$ 12,915	$ 10,933
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent		(6,305)	11,283	11,172
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency		537	240	(802)
Revenue		2,887,555	2,575,961	2,481,358
Cost of revenue (1)		1,492,726	1,299,889	1,248,871
Restricted Cash	543	543	537
Acquisition Costs, Period Cost		27,885
Finance Lease, Principal Payments		37,512	8,000	9,511
Proceeds from the sale of assets		37,771	5,696	1,644
Marketable Securities, Current	49,952	49,952	152,248
Marketable securities, non-current	0	0	50,713
Total Marketable Securities	49,952	49,952	202,961
Unrealized Loss on Securities		(546)	85
Investments, Fair Value Disclosure	49,406	49,406	202,766
Unrealized Gain (Loss) on Investments			(175)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		58,148	(20,728)	20,564
Foreign Currency Transaction Gain (Loss), Realized		244	1,005	2,309
Other Nonoperating Gains (Losses)		3,071	370	1
Total other income (expense), net (3)		61,463	(19,353)	22,874
Realized gain (loss) on derivatives not designated as hedging instruments		9,955	28,902	6,854
Unrealized (gain) loss on derivatives not designated as hedging instruments included in net (loss) income		$ 40,408	$ (17,323)	$ (7,731)
Weighted average shares outstanding — basic		26,094,842	25,996,572	27,180,744
Weighted Average Number of Shares, Restricted Stock		0	0	592,542
Weighted average shares outstanding — diluted		26,094,842	25,996,572	27,773,286
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)(2)		762,086	494,329	1,325
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 60
Advertising Expense		$ 408,566	$ 333,665	$ 302,449
Research and Development Expense		56,996	49,254	49,201
Impairment of goodwill		0	0	100,842
Certain impairments and other adjustments		(9,709)	20,453	104,593
Impairment of Long-Lived Assets to be Disposed of			8,303
Capitalized Computer Software, Amortization		54,646	47,560	40,753
Capitalized Computer Software, Accumulated Amortization	273,629	273,629	231,482
Leaseholds and Leasehold Improvements [Member]
Accounting Policies [Line Items]
Certain impairments and other adjustments			12,769
Exaprint [Member]
Accounting Policies [Line Items]
Impairment of goodwill				40,391
National Pen [Member]
Accounting Policies [Line Items]
Impairment of goodwill				34,434
Vida [Member]
Accounting Policies [Line Items]
Impairment of goodwill				$ 26,017
Previously Reported [Member]
Accounting Policies [Line Items]
Accumulated other comprehensive loss			(79,000)
Retained earnings			537,677
Other income (expense), net			(11,835)
Income (loss) before income taxes			(56,036)
Net (loss) income			74,939
Net Income (Loss) Attributable to Parent			$ (77,711)
Basic net (loss) income per share attributable to Cimpress plc			$ (2.99)
Diluted net (loss) income per share attributable to Cimpress plc			$ (2.99)
Foreign currency translation (losses) gains, net of hedges			$ 5,397
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent			3,765
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency			7,278
Revenue			2,592,513
Cost of revenue (1)			1,316,441
Total other income (expense), net (3)			(11,835)
Revision of Prior Period, Error Correction, Adjustment [Member]
Accounting Policies [Line Items]
Accumulated other comprehensive loss			7,518
Retained earnings			(7,518)
Other income (expense), net			7,518
Income (loss) before income taxes			(7,518)
Net (loss) income			7,518
Net Income (Loss) Attributable to Parent			$ (7,518)
Basic net (loss) income per share attributable to Cimpress plc			$ (0.29)
Diluted net (loss) income per share attributable to Cimpress plc			$ (0.29)
Foreign currency translation (losses) gains, net of hedges			$ 7,518
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent			7,518
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency			(7,518)
Revenue			(16,552)
Cost of revenue (1)			(16,552)
Total other income (expense), net (3)			7,518
Building [Member]
Accounting Policies [Line Items]
Finance Lease, Principal Payments	23,534	23,534
Proceeds from the sale of assets		23,226
Gain (Loss) on Sale of Assets and Asset Impairment Charges		3,324
Commercial Paper
Accounting Policies [Line Items]
Marketable Securities, Current			74,463
Investments, Fair Value Disclosure			74,407
Corporate Debt Securities
Accounting Policies [Line Items]
Marketable Securities, Current	49,952	$ 49,952	$ 77,785
Warrant [Member]
Accounting Policies [Line Items]
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants (1)		138,088	368,933	73,719
Foreign Exchange Forward [Member]
Accounting Policies [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		$ 51,784	$ (24,235)	$ 20,882
Currency Swap [Member]
Accounting Policies [Line Items]
Accumulated other comprehensive loss	15,079	15,079	1,457
Interest Rate Swap [Member]
Accounting Policies [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		6,364	3,507	$ (318)
Marketable securities, current [Member]
Accounting Policies [Line Items]
Investments, Fair Value Disclosure			152,045
Marketable securities, current [Member] \| Commercial Paper
Accounting Policies [Line Items]
Unrealized Loss on Securities			28
Marketable securities, current [Member] \| Corporate Debt Securities
Accounting Policies [Line Items]
Unrealized Loss on Securities		546	57
Investments, Fair Value Disclosure	$ 49,406	$ 49,406	77,638
Marketable securities, noncurrent [Member]
Accounting Policies [Line Items]
Investments, Fair Value Disclosure			50,721
Marketable securities, noncurrent [Member] \| Corporate Debt Securities
Accounting Policies [Line Items]
Unrealized Loss on Securities			$ 90

Debt

12 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]


	June 30, 2022		June 30, 2021
7.0% Senior notes due 2026	$	600,000	$	600,000
Senior secured credit facility	1,097,302		1,152,021

Other	8,063		12,835
Debt issuance costs and debt premiums (discounts)	(19,417)		(22,450)
Total debt outstanding, net	1,685,948		1,742,406
Less: short-term debt (1)	10,386		9,895
Long-term debt	$	1,675,562	$	1,732,511

_____________________

(1) Balances as of June 30, 2022 and June 30, 2021 are inclusive of short-term debt issuance costs, debt premiums and discounts of $3,498 and $3,435, respectively.

Our various debt arrangements described below contain customary representations, warranties and events of default. As of June 30, 2022, we were in compliance with all covenants in our debt contracts, including those under our amended and restated senior secured credit agreement ("Restated Credit Agreement") and the indenture governing our 2026 Notes (as defined below).

Senior Secured Credit Facility

On May 17, 2021, we entered into a Restated Credit Agreement consisting of the following:

•A senior secured Term Loan B with a maturity date of May 17, 2028 (the “Term Loan B”), consisting of:

◦a $795,000 tranche that bears interest at LIBOR (with a LIBOR floor of 0.50%) plus 3.50%, and

◦a €300,000 tranche that bears interest at EURIBOR (with a EURIBOR floor of 0%) plus 3.50%; and

•A $250,000 senior secured revolving credit facility with a maturity date of May 17, 2026 (the “Revolving Credit Facility”). Borrowings under the Revolving Credit Facility bear interest at LIBOR (with a LIBOR floor of 0%) plus 2.50% to 3.00% depending on the Company’s First Lien Leverage Ratio, a net leverage calculation, as defined in the Restated Credit Agreement.

The Restated Credit Agreement contains covenants that restrict or limit certain activities and transactions by Cimpress and our subsidiaries, including, but not limited to, the incurrence of additional indebtedness and liens; certain fundamental organizational changes; asset sales; certain intercompany activities; and certain investments and restricted payments, including purchases of Cimpress plc’s ordinary shares and payment of dividends. In addition, if any loans made under the Revolving Credit Facility are outstanding on the last day of any fiscal quarter, then we are subject to a financial maintenance covenant that the First Lien Leverage Ratio calculated as of the last day of such quarter does not exceed 3.25 to 1.00.

As of June 30, 2022, we have borrowings under the Restated Credit Agreement of $1,097,302 consisting of the Term Loan B, which amortizes over the loan period, with a final maturity date of May 17, 2028. We have no outstanding borrowings under our Revolving Credit Facility as of June 30, 2022.

As of June 30, 2022, the weighted-average interest rate on outstanding borrowings under the Restated Credit Agreement was 4.98%, inclusive of interest rate swap rates. We are also required to pay a commitment fee for our Revolving Credit Facility on unused balances of 0.35% to 0.45% depending on our First Lien Leverage Ratio. We have pledged the assets and/or share capital of a number of our subsidiaries as collateral for our debt as of June 30, 2022.

Senior Unsecured Notes

We have issued $600,000 in aggregate principal of 7.0% Senior Notes due 2026 (the "2026 Notes"), which are unsecured. We can redeem some or all of the 2026 Notes at the redemption prices specified in the indenture that governs the 2026 Notes, plus accrued and unpaid interest to, but not including, the redemption date. As of June 30, 2022, we have not redeemed any of the 2026 Notes.

Other Debt

Other debt consists primarily of term loans acquired through our various acquisitions or used to fund certain capital investments. As of June 30, 2022 and June 30, 2021, we had $8,063 and $12,835, respectively, outstanding for those obligations that are payable through March 2027.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	$ 310,797
Amounts accrued related to business acquisitions	8,425	$ 45,025	$ 2,289
Third-party web services [Domain]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	113,888
Inventories [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	124,383
Software and Software Development Costs
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	23,650
Advertising Purchase Commitment [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	18,112
Production and Computer Equipment [Domain]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	7,092
Professional Fees [Domain]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	6,372
Other purchase commitments [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	$ 17,300

Business Combinations

3 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Business Combination Disclosure

Fiscal 2022 Acquisitions

Acquisition of Depositphotos Inc.

On October 1, 2021, we acquired Depositphotos Inc. and its subsidiaries ("Depositphotos"), a global creative platform for digital design. We acquired all outstanding shares of the company for a purchase price of $84,900, which included a post-closing adjustment based on acquired cash, debt, and working capital as of the closing date. We paid $76,119 in cash at closing, and the remaining purchase consideration, including the post-closing adjustment but net of any indemnifiable losses recoverable against the deferred amount, is payable in two separate deferred payments. The first payment of $609 was made in January 2022 and the $8,172 remaining deferred amount is due in October 2022.

Depositphotos is managed within our Vista business and includes VistaCreate (formerly Crello), a rapidly growing leader in do-it-yourself (DIY) digital design, and the separately branded Depositphotos business, a platform for creators that includes images, videos and music that are developed by a large group of content contributors. We expect synergies to provide significant benefits to our Vista business as this represents another integral step toward providing a compelling, full-spectrum design offering to our customers, and also provides another vehicle for the acquisition of new customers, to whom we plan to cross-sell our other products and services.

The table below details the consideration transferred to acquire Depositphotos:


Cash consideration (paid at closing)	$	76,119
Deferred payment	8,781

Total purchase price	$	84,900

owned content and developed technology.

The fair value of the assets acquired and liabilities assumed was:

Amount

Weighted Average Useful Life in Years

Tangible assets acquired and liabilities assumed:

Cash and cash equivalents

7,173

n/a

Accounts receivable, net

329

n/a

Prepaid expenses and other current assets

448

n/a

Property, plant and equipment, net

611

n/a

Operating lease assets, net

383

n/a

Other assets

324

n/a

Accounts payable

(843)

n/a

Accrued expenses

(5,009)

n/a

Deferred revenue

(10,999)

n/a

Operating lease liabilities, current

(152)

n/a

Deferred tax liabilities

(4,402)

n/a

Operating lease liabilities, non-current

(231)

n/a

Identifiable intangible assets:

Customer relationships

11,600

4 years

Trade name

2,500

10 years

Developed technology

2,300

2 years

Owned content

7,700

10 years

Goodwill

73,168

n/a

Total purchase price

84,900

n/a

Depositphotos has been included in our consolidated financial statements starting on its acquisition date. The revenue and earnings of Depositphotos included in our consolidated financial statements for the year ended June 30, 2022 are not material, and therefore no proforma financial information is presented. We used our cash on hand to fund the acquisition. In connection with the acquisition, we incurred $887 in general and administrative expenses, as part of our central and corporate costs during the year ended June 30, 2022, primarily related to legal, financial, and other professional services.

Other Acquisition

On January 21, 2022, we completed an investment in a European company that is intended to support certain strategic initiatives within our PrintBrothers reportable segment. After giving effect to this investment, we have acquired approximately 75% of the company's shares for total cash and noncash consideration of $11,218. We recognized the assets, liabilities and noncontrolling interest on the basis of their fair values at the date of the acquisition, resulting in goodwill of $10,484 which is not deductible for tax purposes. The net assets recognized largely consist of the cash and deferred tax liability balances acquired. The revenue and earnings included in our consolidated financial statements for the year ended June 30, 2022 are not material. We utilized our available cash balance to finance the acquisition.

Fiscal 2021 Acquisitions

Acquisition of 99designs, Inc.

On October 1, 2020, we acquired 99designs, Inc. and its subsidiaries ("99designs"), a global creative platform for graphic design. We acquired all outstanding shares of the company for a purchase price of $90,000, subject to a post-closing adjustment based on acquired cash, debt, and working capital as of the closing date. We paid $45,000 in cash at closing and paid the remaining purchase consideration, including the post-closing adjustment, on February 15, 2022. The acquisition is managed within our Vista business and provides a global platform that connects designers and clients, making it easier for small businesses to access both professional design services and marketing products in one place. We expect the synergies achieved through integration with the 99designs designer network to provide significant benefits to our Vista business.

The table below details the consideration transferred to acquire 99designs:


Cash consideration (paid at closing)	$	45,000
Fair value of deferred payment	43,381
Final post closing adjustment	310
Total purchase price	$	88,691

We recognized the assets and liabilities on the basis of their fair values at the date of the acquisition with any excess of the purchase price paid over the fair value of the net assets recorded as goodwill, which is primarily attributable to the synergies that we expect to achieve through the acquisition. The goodwill balance has been attributed to the Vista reporting unit and a portion of such goodwill balance is deductible for tax purposes. Additionally, we identified and valued 99designs intangible assets which include their trade name, designer network, and developed technology.

The fair value of the assets acquired and liabilities assumed was:

Amount

Weighted Average Useful Life in Years

Tangible assets acquired and liabilities assumed:

Cash and cash equivalents

8,603

n/a

Accounts receivable, net

494

n/a

Prepaid expenses and other current assets

787

n/a

Property, plant and equipment, net

n/a

Other assets

142

n/a

Accounts payable

(220)

n/a

Accrued expenses

(6,299)

n/a

Deferred revenue

(5,806)

n/a

Other liabilities

(625)

n/a

Identifiable intangible assets:

Trade name

1,550

2 years

Developed technology

13,400

3 years

Designer network

5,800

7 years

Goodwill

70,792

n/a

Total purchase price

88,691

n/a

We used our senior secured credit facility to finance the acquisition. In connection with the acquisition, we incurred $1,183 in general and administrative expenses during the year ended June 30, 2021, primarily related to legal, financial, and other professional services.

Other Acquisition

On April 23, 2021 we completed an acquisition of a fast growing company with an attractive product capability as part of our BuildASign business, acquiring approximately 81% of the company's shares for total consideration of $18,535. We recognized the assets, liabilities and noncontrolling interest on the basis of their fair values at the date of the acquisition, resulting in goodwill of $14,208 which is not deductible for tax purposes. This acquisition is presented within our All Other Businesses segment. We utilized proceeds from our senior secured credit facility to finance the acquisition.

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets:
Cash and Cash Equivalents, at Carrying Value	$ 277,053	$ 183,023
Marketable Securities, Current	49,952	152,248
Accounts receivable, net of allowances of $6,140 and $9,404, respectively	63,885	50,679
Inventory	126,728	70,044
Prepaid expenses and other current assets	108,697	72,504
Total current assets	626,315	528,498
Property, plant and equipment, net	286,826	328,679
Operating lease assets, net	80,694	87,626
Software and website development costs, net	90,474	87,690
Deferred tax assets	113,088	149,618
Goodwill	766,600	726,979
Intangible assets, net	154,730	186,744
Marketable securities, non-current	0	50,713
Other assets	48,945	35,951
Total assets	2,167,672	2,182,498
Current liabilities:
Accounts payable	313,710	199,831
Accrued expenses	253,841	247,513
Deferred revenue	58,861	50,868
Short-term debt	10,386	9,895
Operating lease liabilities, current	27,706	26,551
Other current liabilities	28,035	103,515
Total current liabilities	692,539	638,173
Deferred tax liabilities	41,142	27,433
Long-term debt	1,675,562	1,732,511
Operating lease liabilities, non-current	57,474	66,222
Other liabilities	64,394	96,410
Total liabilities	2,531,111	2,560,749
Temporary equity
Redeemable noncontrolling interests	131,483	71,120
Shareholders’ deficit:
Preferred shares, nominal value €0.01 per share, 100,000,000 shares authorized; none issued and outstanding	0	0
Common Stock, Value, Issued	615	615
Deferred Ordinary Shares, Value, Outstanding	0	28
Treasury shares, at cost, 17,971,247 and 18,044,717 shares, respectively	(1,363,550)	(1,368,595)
Additional paid-in capital	501,003	459,904
Retained earnings	414,138	530,159
Accumulated other comprehensive loss	(47,128)	(71,482)
Total shareholders' deficit	(494,922)	(449,371)
Total liabilities, noncontrolling interests and shareholders’ deficit	$ 2,167,672	$ 2,182,498

Other Current Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Schedule of other current liabilities [Line Items]
Finance Lease, Liability, Current	$ 6,684	$ 32,314
Derivative Liability, Current	4,299	20,530
Other current liabilities	28,035	103,515
Payments of purchase consideration included in acquisition-date fair value	43,647	1,205	$ 358
Other Current Liabilities [Member]
Schedule of other current liabilities [Line Items]
Other current liabilities	$ 17,052	$ 50,671

Employees' Savings Plan (Details) - USD ($) $ in Thousands	12 Months Ended
Employees' Savings Plan (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Retirement Benefits [Abstract]
Company expensed for plan	$ 16,157	$ 12,228	$ 10,710
Defined Benefit Plan, Benefit Obligation	1,173	2,883
Assets for Plan Benefits, Defined Benefit Plan	4,754	4,128
Pension Cost (Reversal of Cost)	$ 537	$ 667	$ 399

- Definition

Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.

+ References + Details

Derivative Financial Instruments (Details) $ in Thousands	12 Months Ended
Derivative Financial Instruments (Details) $ in Thousands	Jun. 30, 2022 USD ($) instrument	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)
Derivative [Line Items]
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	$ 2,813	$ 10,336
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	24,354	17,194	$ (8,819)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	58,148	(20,728)	20,564
AOCI Tax, Attributable to Parent	16,722	764	1,709
Accumulated other comprehensive loss	(47,128)	(71,482)	(88,676)	$ (79,857)
Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	10,611
Derivative Liability	(9)
Net Investment Hedging [Member]
Derivative [Line Items]
Accumulated other comprehensive loss	56,743	7,518
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	14,336
Derivative Liability		(25,193)
Notional Amount of Interest Rate Derivatives	400,000
Notional value of contracts with future start date	430,000
Total current and future notional amount	$ 830,000
Derivative, Number of Instruments Held \| instrument	14
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (1,970)
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	25,511	3,340
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax			(28,259)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	6,364	3,507	(318)
Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	20,638	1,679
Derivative Liability	$ (505)	(19,651)
Derivative, Number of Instruments Held \| instrument	621
Derivative, Notional Amount	$ 437,323
Derivative, Underlying Basis	Various
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 51,784	(24,235)	20,882
Currency Swap [Member]
Derivative [Line Items]
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value	(446)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	1,892
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	(22,698)	6,996
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax			3,689
Accumulated other comprehensive loss	$ 15,079	1,457
Currency Swap [Member] \| Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held \| instrument	1
Derivative, Notional Amount	$ 58,478
Forward Contracts [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax			21,240
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	13,622	(19,052)
Loans
Derivative [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	49,225	7,518
Loans \| Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	364,524
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	29,010	6,247	(18,796)
Accumulated other comprehensive loss	5,179	(23,831)	(30,078)	$ (11,282)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Interest Expense [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	9,998	6,967	3,041
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Other Income [Member] \| Currency Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	18,286	(10,950)	4,583
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(26,197)	4,089	(5,774)
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 [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(28,284)	3,983	(7,624)
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 [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2,087)	(106)	(1,850)
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	14,336	0
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Liability, Fair Value, Gross Liability	(446)	44,820
Derivative Liability, Fair Value, Gross Asset	0	176
Derivative Liability	(446)
Foreign Currency Contracts, Liability, Fair Value Disclosure		(44,644)
Interest Rate Cash Flow Hedge Asset at Fair Value	14,336	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	65,660	(1,198)	$ (3,330)
Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	14,336	0
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Liability, Fair Value, Gross Liability	0	23,527
Derivative Liability, Fair Value, Gross Asset	0	176
Foreign Currency Contracts, Liability, Fair Value Disclosure		(23,351)
Interest Rate Cash Flow Hedge Liability at Fair Value	0
Interest Rate Cash Flow Hedge Asset at Fair Value	14,336	0
Designated as Hedging Instrument [Member] \| Currency Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	0
Derivative Liability, Fair Value, Gross Liability	(446)	9,914
Derivative Liability, Fair Value, Gross Asset	0	0
Foreign Currency Contracts, Liability, Fair Value Disclosure		(9,914)
Designated as Hedging Instrument [Member] \| Forward Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		0
Derivative Asset, Fair Value, Gross Liability		0
Derivative Liability, Fair Value, Gross Liability		11,379
Derivative Liability, Fair Value, Gross Asset		0
Foreign Currency Contracts, Liability, Fair Value Disclosure		(11,379)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	35,052	1,796
Derivative Asset, Fair Value, Gross Liability	3,803	(117)
Derivative Liability, Fair Value, Gross Liability	514	16,667
Derivative Liability, Fair Value, Gross Asset	0	3,473
Derivative Liability	(514)
Foreign Currency Contracts, Liability, Fair Value Disclosure		(13,194)
Derivative Asset	31,249
Interest Rate Cash Flow Hedge Asset at Fair Value		1,679
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	10,612	0
Derivative Asset, Fair Value, Gross Liability	1	0
Derivative Liability, Fair Value, Gross Liability	9	3,315
Derivative Liability, Fair Value, Gross Asset	0	235
Foreign Currency Contract, Asset, Fair Value Disclosure	10,611	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	(9)	(3,080)
Not Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability		1,842
Derivative Liability, Fair Value, Gross Asset		0
Foreign Currency Contracts, Liability, Fair Value Disclosure		(1,842)
Not Designated as Hedging Instrument [Member] \| Forward Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	24,440	1,796
Derivative Asset, Fair Value, Gross Liability	3,802	117
Derivative Liability, Fair Value, Gross Liability	505	11,510
Derivative Liability, Fair Value, Gross Asset	0	3,238
Foreign Currency Contract, Asset, Fair Value Disclosure	20,638	1,679
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ (505)	$ (8,272)
Minimum [Member] \| Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jul. 14, 2022
Minimum [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	May 31, 2023
Minimum [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jul. 15, 2022
Minimum [Member] \| Currency Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jun. 19, 2024
Maximum [Member] \| Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jun. 13, 2024
Maximum [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	Apr. 30, 2028
Maximum [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative, Maturity Date	Oct. 15, 2024
Maximum [Member] \| Currency Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jun. 19, 2024

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The following is a summary of our income (loss) before income taxes by geography:


	Year Ended June 30,
	2022		2021		2020
U.S.	$	(7,299)	$	2,689	$	(58,844)
Non-U.S.	16,630		(66,243)		61,846
Total	$	9,331	$	(63,554)	$	3,003

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision (benefit) for income taxes are as follows:


	Year Ended June 30,
	2022		2021		2020
Current:
U.S. Federal	$	526	$	(93)	$	(16,269)
U.S. State	568		546		213
Non-U.S.	36,932		28,205		22,361
Total current	38,026		28,658		6,305
Deferred:
U.S. Federal	(3,566)		(1,573)		12,980
U.S. State	12		(31)		3,213
Non-U.S.	25,429		(8,151)		(103,490)
Total deferred	21,875		(9,755)		(87,297)
Total	$	59,901	$	18,903	$	(80,992)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the standard U.S. federal statutory tax rate and our effective tax rate:


	Year Ended June 30,
	2022		2021		2020
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State taxes, net of federal effect	(11.1)		3.1		(130.1)
Tax rate differential on non-U.S. earnings	97.1		(20.3)		(408.4)
Swiss tax reform	—		—		(3,779.0)
Compensation related items	21.9		0.2		(420.7)
U.S. tax reform	—		—		(372.6)
Goodwill impairment	—		—		759.1
Change in valuation allowance	363.7		(27.2)		1,277.5
Irish foreign tax credit	(46.8)		8.8		262.3
Tax on repatriated earnings	39.2		(3.9)		154.1
Gain/loss on sale of subsidiary	—		—		(189.2)
Notional interest deduction (Italy)	(8.8)		1.4		(47.9)
Patent box (Italy)	(12.0)		—		(24.2)
Tax credits and incentives	(23.7)		4.2		(88.3)
Non-US tax rate changes	57.6		1.2		81.7
Irish tax restructuring	(13.4)		—		—
U.S. global intangible low-taxed income (GILTI)	10.2		(0.3)		—
U.S. foreign-derived intangible income (FDII)	(6.8)		—		—
Net tax (benefit) expense on intellectual property transfer	(10.4)		—		16.4
Tax loss carryforward expirations	4.8		(0.5)		7.4
Business and withholding taxes	5.1		(0.4)		28.7
Uncertain tax positions	35.9		(1.0)		28.8
Nondeductible interest expense	52.7		(18.6)		157.4
Other non-deductible expenses	7.1		0.5		47.5
Tax on unremitted earnings	0.1		(0.9)		31.4
Changes to derivative instruments	73.5		0.1		—
Other	(14.9)		2.9		(109.9)
Effective income tax rate	642.0	%	(29.7)	%	(2,697.0)	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of our deferred income tax assets and liabilities consisted of the following at June 30, 2022 and 2021:


	June 30, 2022		June 30, 2021
Deferred tax assets:
Swiss tax reform amortizable goodwill	$	123,893	$	133,879
Net operating loss carryforwards	71,820		73,574
Leases	24,952		31,363
Depreciation and amortization	3,736		9,136
Accrued expenses	12,244		9,538
Share-based compensation	16,090		11,192
Credit and other carryforwards	47,405		41,222
Derivative financial instruments	—		5,745
Other	1,120		3,661
Subtotal	301,260		319,310
Valuation allowance	(134,660)		(111,476)
Total deferred tax assets	166,600		207,834
Deferred tax liabilities:
Depreciation and amortization	(32,595)		(37,694)

Leases	(21,049)		(24,920)
Investment in flow-through entity	(7,031)		(5,003)
Tax on unremitted earnings	(6,692)		(6,877)

Derivative financial instruments	(19,703)		—
Italy tax suspension reserve	—		(4,528)
Other	(7,584)		(6,627)
Total deferred tax liabilities	(94,654)		(85,649)
Net deferred tax assets	$	71,946	$	122,185

Summary of Valuation Allowance [Table Text Block]

A reconciliation of the beginning and ending amount of the valuation allowance for the year ended June 30, 2022 is as follows:


Balance at June 30, 2021	$	111,476
Charges to earnings (1)	33,859
Charges to other accounts (2)	(10,676)
Balance at June 30, 2022	$	134,659

_________________

(1) Amount is primarily related to partial Swiss valuation allowance, increased non-U.S. net operating losses, increased U.S. research and development credits and share-based compensation, increased Irish foreign tax credits, increased interest limitation carryforwards and release of valuation allowances in France, Ireland and the U.S.

(2) Amount is primarily related to decreases in deferred tax assets on non-U.S. net operating losses due to currency exchange rate changes and unrealized gains on derivative financial instruments included in Accumulated Other Comprehensive Loss.

Consolidated Statement of Shareholders Equity Statement - USD ($)	Total	Ordinary Shares	Deferred ordinary shares [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning balance, Shares at Jun. 30, 2019		(44,080,000)	0	(13,635,000)
Beginning balance, Value at Jun. 30, 2019	$ 131,812,000	$ (615,000)	$ 0	$ 737,447,000	$ (411,079,000)	$ (537,422,000)	$ 79,857,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares				432,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	40,906,000			$ 12,518,000	28,388,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				(13,000)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(605,000)			$ 712,000	(1,317,000)
Stock Issued During Period, Shares, New Issues			25,000
Stock Issued During Period, Value, New Issues	28,000		$ 28,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross				(2,000)
Stock Issued During Period, Value, Restricted Stock Award, Gross	(187,000)			$ (187,000)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	34,810,000				34,810,000
Treasury Stock, Shares, Acquired				(5,003,000)
Treasury Stock, Value, Acquired, Cost Method	627,056,000			$ (627,056,000)
Net Income (Loss) Attributable to Parent	83,365,000					83,365,000
Temporary Equity, Accretion to Redemption Value	(5,493,000)					5,493,000
Effect of Adoption of New Accounting Principle	3,143,000					3,143,000
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants	22,432,000				22,432,000
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	(18,796,000)						(18,796,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	11,172,000						11,172,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	(1,195,000)						(1,195,000)
Ending balance, Shares at Jun. 30, 2020		(44,080,000)	(25,000)	(18,195,000)
Ending balance, Value at Jun. 30, 2020	407,476,000	$ (615,000)	$ (28,000)	$ 1,376,496,000	(438,616,000)	(618,437,000)	88,676,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares				30,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	2,280,000			$ (3,000)	2,283,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				120,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(5,757,000)			$ 7,898,000	(13,655,000)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	37,226,000				37,226,000
Net Income (Loss) Attributable to Parent	(85,229,000)				(85,229,000)
Temporary Equity, Accretion to Redemption Value	(3,049,000)					3,049,000
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	6,247,000						6,247,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	11,283,000						11,283,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	(336,000)						(336,000)
Ending balance, Shares at Jun. 30, 2021		(44,080,000)	(25,000)	(18,045,000)
Ending balance, Value at Jun. 30, 2021	449,371,000	$ (615,000)	$ (28,000)	$ 1,368,595,000	(459,904,000)	(530,159,000)	71,482,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	5,460,000
Stock Repurchased and Retired During Period, Shares			25,000
Stock Repurchased and Retired During Period, Value	(28,000)		$ (28,000)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		4,000		(74,000)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(3,270,000)			$ 5,045,000	(8,315,000)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	49,686,000				49,686,000
Net Income (Loss) Attributable to Parent	(54,331,000)					(54,331,000)
Temporary Equity, Accretion to Redemption Value	(61,690,000)					61,690,000
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(272,000)				(272,000)
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	29,010,000						29,010,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(6,305,000)						(6,305,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	1,649,000						1,649,000
Ending balance, Shares at Jun. 30, 2022		(44,084,000)	0	(17,971,000)
Ending balance, Value at Jun. 30, 2022	$ 494,922,000	$ (615,000)	$ 0	$ 1,363,550,000	$ (501,003,000)	$ (414,138,000)	$ 47,128,000

Noncontrolling interests (Details) - USD ($) $ in Thousands	12 Months Ended
Noncontrolling interests (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jan. 21, 2022	Jun. 06, 2019
Noncontrolling Interest [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	$ 131,483
Noncontrolling Interest, Increase from Business Combination	4,453	$ 4,370
Net Income (Loss) Attributable to Noncontrolling Interest	3,761	2,772	$ 630
Purchase of noncontrolling interests	(2,165)	(5,063)	0
Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest	(3,685)	1,632
Noncontrolling Interest, Change in Redemption Value	61,691
Redeemable Noncontrolling Interest, Equity, Redemption Value	103,572
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Temporary Equity, Accretion to Redemption Value, Adjustment	61,962	3,049
Redeemable noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	71,120		$ 69,106
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	3,963	4,746
Purchase of noncontrolling interests	(2,165)	$ (5,063)
Other Acquisition-Q4 FY21 [Domain] \| Cimpress plc [Member]
Noncontrolling Interest [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		81.00%
Virunga Acquisition \| Redeemable noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				75.00%
Virunga Acquisition \| Cimpress plc [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent				25.00%
PrintBrothers [Member]
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 99,724
Minimum [Member] \| PrintBrothers [Member] \| Redeemable noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					11.00%
Maximum [Member] \| PrintBrothers [Member] \| Redeemable noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					12.00%

Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Loss


	(Losses) gains on cash flow hedges (1)		(Losses) gains on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2019	$	(11,282)	$	(204)	$	(68,371)	$	(79,857)
Other comprehensive (loss) income before reclassifications	(24,570)		(1,195)		11,172		(14,593)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	5,774		—		—		5,774
Net current period other comprehensive (loss) income	(18,796)		(1,195)		11,172		(8,819)
Balance as of June 30, 2020	(30,078)		(1,399)		(57,199)		(88,676)
Other comprehensive (loss) income before reclassifications	10,336		(336)		11,283		21,283
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	(4,089)		—		—		(4,089)
Net current period other comprehensive (loss) income	6,247		(336)		11,283		17,194
Balance as of June 30, 2021	(23,831)		(1,735)		(45,916)		(71,482)
Other comprehensive income before reclassifications	2,813		1,649		(6,305)		(1,843)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	26,197		—		—		26,197
Net current period other comprehensive income	29,010		1,649		(6,305)		24,354
Balance as of June 30, 2022	$	5,179	$	(86)	$	(52,221)	$	(47,128)

________________________

(1) (Losses) gains on cash flow hedges include our interest rate swap and cross-currency swap contracts designated in cash flow hedging relationships.

Goodwill and Acquired Intangibles

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

The carrying amount of goodwill by reportable segment as of June 30, 2022 and June 30, 2021 was as follows:


	Vista		PrintBrothers		The Print Group		All Other Businesses		Total
Balance as of June 30, 2020	$	150,846	$	129,764	$	155,197	$	186,097	$	621,904
Acquisitions (1)	70,792		—		—		14,208		85,000
Effect of currency translation adjustments (2)	3,509		7,543		9,023		—		20,075
Balance as of June 30, 2021	225,147		137,307		164,220		200,305		726,979
Acquisitions (1)	73,168		10,484		—		—		83,652


Adjustments	(821)		—		—		—		(821)
Effect of currency translation adjustments (2)	(5,996)		(16,963)		(20,251)		—		(43,210)
Balance as of June 30, 2022	$	291,498	$	130,828	$	143,969	$	200,305	$	766,600

________________________

(2) Related to goodwill held by subsidiaries whose functional currency is not the U.S. dollar.

Annual Impairment Review

Our goodwill accounting policy establishes an annual goodwill impairment test date of May 31. For our fiscal year 2022 annual impairment assessment, we bypassed the qualitative test and performed a quantitative test for all nine reporting units with goodwill.

To perform our quantitative goodwill test, we used the income approach, specifically the discounted cash flow method, to derive the fair value of each reporting unit. This approach calculates fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate. We selected this method as being the most meaningful in preparing our goodwill assessment as we believe the income approach most appropriately measures our income-producing assets. We considered using the market approach but concluded it was not appropriate in valuing these particular reporting units given the lack of relevant market comparisons available. The cash flow projections in the fair value analysis are considered Level 3 inputs, and consist of management's estimates of revenue growth rates and operating margins, taking into consideration historical results, as well as industry and market conditions. The discount rate used in the fair value analysis is based on a weighted average cost of capital (“WACC”), which represents the average rate a business must pay its providers of debt and equity, plus a risk premium. The respective WACC percentages used for each reporting unit within our goodwill impairment test were derived from a group of comparable companies for each respective reporting unit and adjusted for the risk premium associated with each reporting unit. Based on the results of this test, the fair values of each of our reporting units exceeded their carrying values and no goodwill impairment was recognized.

Acquired Intangible Assets


	June 30, 2022						June 30, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	144,916	$	(65,203)	$	79,713	$	152,347	$	(59,432)	$	92,915
Developed technology	96,120		(75,585)		20,535		99,905		(71,255)		28,650
Customer relationships	195,766		(160,247)		35,519		199,294		(152,410)		46,884
Customer network and other	23,946		(11,580)		12,366		22,301		(14,431)		7,870
Print network	22,982		(16,385)		6,597		26,182		(15,757)		10,425
Total intangible assets	$	483,730	$	(329,000)	$	154,730	$	500,029	$	(313,285)	$	186,744


2023	$	47,332
2024	31,785
2025	18,405
2026	12,235
2027	10,744
Thereafter	34,229
	$	154,730

Other Balance Sheet Components

12 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Other Balance Sheet Components

Accrued expenses included the following:


	June 30, 2022		June 30, 2021
Compensation costs	$	78,521	$	73,861
Income and indirect taxes	41,886		46,074
Advertising costs	25,925		35,093
Shipping costs	10,228		9,401
Third party manufacturing and digital content costs (1)	15,790		6,881
Sales returns	6,286		5,636
Purchases of property, plant and equipment	642		1,110
Professional fees	2,394		4,210
Interest payable	2,477		2,399
Other	69,692		62,848
Total accrued expenses	$	253,841	$	247,513

_______________________

Other current liabilities included the following:


	June 30, 2022		June 30, 2021
Current portion of finance lease obligations (1)	$	6,684	$	32,314
Short-term derivative liabilities (2)	4,299		20,530


Other (3)	17,052		50,671
Total other current liabilities	$	28,035	$	103,515

________________________

(2) The decrease in short-term derivative liabilities is due to volatility in interest and foreign currency rates. Refer to Note 4 for additional details.

(3) Other current liabilities decreased primarily due to the $43,647 payment made in February 2022 for our prior year acquisition of 99designs. Refer to Note 7 for additional details.

Other liabilities included the following:


	June 30, 2022		June 30, 2021
Long-term finance lease obligations	$	14,699	$	18,528
Long-term derivative liabilities (1)	463		41,074


Long-term compensation incentives (2)	19,934		10,298
Other	29,298		26,510
Total other liabilities	$	64,394	$	96,410

________________________

(1) The decrease in long-term derivative liabilities is due to volatility in interest and currency rates. Refer to Note 4 for additional details about our derivative financial instruments.

(2) Includes cash-based employee bonus incentives, which are variable based on the performance of each individual business and vest over four years.

Consolidated Balance Sheets (Parenthetical) $ in Thousands	Jun. 30, 2022 USD ($) shares	Jun. 30, 2022 € / shares	Jun. 30, 2021 USD ($) shares	Jun. 30, 2021 € / shares
Current Assets
Accounts Receivable, Allowance for Credit Loss, Current \| $	$ 6,140		$ 9,404
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Common Stock, Value per Share \| € / shares		€ 0.01		€ 0.01
Ordinary shares, shares authorized	100,000,000		100,000,000
Ordinary shares, shares issued	44,083,569		44,080,627
Common Stock, Shares, Outstanding	26,112,322		26,035,910
Treasury Stock, Shares	17,971,247		18,044,717

Leases (Tables)

12 Months Ended

Jun. 30, 2022

Leasing Disclosures [Abstract]

Assets And Liabilities, Lessee [Table Text Block]

The following table presents the classification of right-of-use assets and lease liabilities as of June 30, 2022 and 2021:


Leases	Consolidated Balance Sheet Classification	June 30, 2022		June 30, 2021

Assets:
Operating right-of-use assets	Operating lease assets, net	$	80,694	$	87,626
Finance right-of-use assets	Property, plant, and equipment, net (1)	19,181		35,384
Total lease assets		$	99,875	$	123,010
Liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	27,706	$	26,551
Finance lease liabilities	Other current liabilities (1)	6,684		32,314
Non-current:
Operating lease liabilities	Operating lease liabilities, non-current	57,474		66,222
Finance lease liabilities	Other liabilities	14,699		18,528
Total lease liabilities		$	106,563	$	143,615

__________________

(1) The decrease in finance lease assets and current liabilities is due primarily to the lease modification described below within the "Purchase and Sale of Leased Facilities" section.

Lease, Cost [Table Text Block]

The following table represents the lease expenses for the years ended June 30, 2022 and 2021:


	Year Ended
	June 30, 2022		June 30, 2021
Operating lease expense (1)	$	26,975	$	36,803
Finance lease expense:
Amortization of finance lease assets	5,892		5,557
Interest on lease liabilities	305		211
Variable lease expense	7,550		7,846
Less: sublease income	(86)		(2,309)
Net operating and finance lease cost	$	40,636	$	48,108

__________________

Schedule of Cash Flow, Supplemental Disclosures


	Year Ended
Supplemental Cash Flow Information	June 30, 2022		June 30, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	26,641	$	47,327
Operating cash flows from finance leases	305		211
Financing cash flows from finance leases (1)	37,512		8,001

________________

(1) The current fiscal year financing cash outflows include the payment to purchase the leased facility discussed below.

Lease Term and Discount Rate Disclosure

Other information about leases is as follows:


Lease Term and Discount Rate	June 30, 2022		June 30, 2021
Weighted-average remaining lease term (years):
Operating leases	4.32		4.28
Finance leases (1)	3.89		10.71
Weighted-average discount rate:
Operating leases	3.71	%	3.17	%
Finance leases (1)	2.79	%	3.93	%

Contractual Obligation, Fiscal Year Maturity

Future minimum lease payments under non-cancelable leases as of June 30, 2022 were as follows:


Payments Due by Period	Operating lease obligations		Finance lease obligations		Total lease obligations
Less than 1 year	$	29,361	$	6,148	$	35,509
2 years	23,698		5,343		29,041
3 years	16,308		4,853		21,161
4 years	8,951		3,424		12,375
5 years	4,703		2,213		6,916
Thereafter	9,301		832		10,133
Total	92,322		22,813		115,135
Less: present value discount	(7,142)		(1,430)		(8,572)
Lease liability	$	85,180	$	21,383	$	106,563

Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 13,603	$ 1,641	$ 13,543
Restructuring Reserve	13,449	402	6,046
Restructuring Reserve, Settled without Cash	(291)	(720)
Vista [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	7,492		5,734
All Other Businesses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,093		535
National Pen [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	4,178		3,211
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	854	325	3,532
The Print Group [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		1,966	475
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	13,312	998
Restructuring Reserve	13,449	402	5,969
Payments for Restructuring	(265)	(6,565)
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	291	643
Restructuring Reserve		0	$ 77
Restructuring Reserve, Settled without Cash	$ (291)	$ (720)

Commitments and Contingencies Future Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Unrecorded Unconditional Purchase Obligation [Line Items]
Debt and Capital Lease Obligations	$ 13,884
Long-term Debt, Maturities, Repayments of Principal in Year Two	13,448
Long-term Debt, Maturities, Repayments of Principal in Year Three	13,454
Long-term Debt, Maturities, Repayments of Principal in Year Four	11,530
Long-term Debt, Maturities, Repayments of Principal in Year Five	611,166
Long-term Debt, Maturities, Repayments of Principal after Year Five	1,041,883
Debt, Long-term and Short-term, Combined Amount	1,685,948	$ 1,742,406
Other Commitments [Line Items]
Debt and Capital Lease Obligations	13,884
Long-term Debt, Maturities, Repayments of Principal in Year Two	13,448
Long-term Debt, Maturities, Repayments of Principal in Year Three	13,454
Long-term Debt, Maturities, Repayments of Principal in Year Four	11,530
Long-term Debt, Maturities, Repayments of Principal in Year Five	611,166
Long-term Debt, Maturities, Repayments of Principal after Year Five	1,041,883
Long-term Debt, Gross	$ 1,705,365	$ 1,764,856

Segment Information

12 Months Ended

Jun. 30, 2021

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 June 30, 2022, we have numerous operating segments under our management reporting structure which are reported in the following five reportable segments:

•Vista - Vista is the parent brand of multiple offerings including VistaPrint, VistaCreate, 99designs by Vista, and Vista Corporate Solutions, which together represent a full-service design, digital and print solution, elevating small businesses’ presence in physical and digital spaces and empowering them to achieve success. This segment also includes our recently acquired Depositphotos business, whose subsidiary, Crello, was rebranded to VistaCreate soon after the acquisition.

•PrintBrothers - Includes the results of our druck.at, Printdeal, and WIRmachenDRUCK businesses.

•The Print Group - Includes the results of our Easyflyer, Exaprint, Pixartprinting, and Tradeprint businesses.

•National Pen - Includes the global operations of our National Pen business, which manufactures and markets custom writing instruments and promotional products, apparel and gifts.

•All Other Businesses - Includes a collection of businesses grouped together based on materiality. In addition to BuildASign, which is a larger and profitable business, the All Other Businesses reportable segment consists of two smaller businesses that we continue to manage at a relatively modest operating loss and a recently acquired company that provides production expertise and sells into a growing product category.

◦BuildASign is an internet-based provider of canvas-print wall décor, business signage and other large-format printed products, based in Austin, Texas.

◦Printi is an online printing leader in Brazil, which offers a superior customer experience with transparent and attractive pricing, reliable service and quality.

◦YSD is a startup operation that provides end-to-end mass customization solutions to brands and intellectual property owners in China. During the fourth quarter of fiscal 2022, we decided to exit our YSD business, which we expect to complete at the beginning of fiscal 2023.

Central and corporate costs consist 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 Board of Directors, CEO, and the team members necessary for managing corporate activities, such as treasury, tax, capital allocation, financial consolidation, internal audit and legal. These costs also include certain unallocated share-based compensation costs.

During the fourth quarter of fiscal 2022, we revised our internal reporting to reallocate certain third-party technology costs that were previously held within our Central and corporate costs to our Vista business and reportable segment. These include certain third-party costs that are variable in nature and the cost variability is primarily driven by decisions or volumes in the Vista business. We have revised our presentation of all prior periods presented to reflect our revised segment reporting, decreasing Vista EBITDA and Central and corporate costs by $7,044, $6,031, and $3,745 for the years ended June 30, 2022, 2021 and 2020, respectively.

The expense value of our PSU awards 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.

Our definition of segment EBITDA is GAAP operating income excluding certain items, such as depreciation and amortization, 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. We include insurance proceeds that are not recognized within operating income. We do not allocate non-operating income, including realized gains and losses on currency hedges, to our segment results.

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 by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.


	Year Ended June 30,
		2022		2021		2020
Revenue:
Vista (1)		$	1,514,909	$	1,428,255	$	1,337,291
PrintBrothers		526,952		421,766		417,921
The Print Group		329,590		275,534		275,214
National Pen		341,832		313,528		299,474
All Other Businesses		205,862		192,038		173,789
Total segment revenue		2,919,145		2,631,121		2,503,689
Inter-segment eliminations (2)		(31,590)		(55,160)		(22,331)
Total consolidated revenue		$	2,887,555	$	2,575,961	$	2,481,358

_____________________


	Year Ended June 30, 2022
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	1,031,298	$	—	$	—	$	193,056	$	177,868	$	1,402,222
Europe	342,816		525,224		322,315		113,820		—		1,304,175
Other	137,425		—		—		20,058		23,675		181,158
Inter-segment	3,370		1,728		7,275		14,898		4,319		31,590
Total segment revenue	1,514,909		526,952		329,590		341,832		205,862		2,919,145
Less: inter-segment elimination	(3,370)		(1,728)		(7,275)		(14,898)		(4,319)		(31,590)
Total external revenue	$	1,511,539	$	525,224	$	322,315	$	326,934	$	201,543	$	2,887,555


	Year Ended June 30, 2021
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	955,280	$	—	$	—	$	154,857	$	171,398	$	1,281,535
Europe	350,270		420,946		258,230		106,004		—		1,135,450
Other	120,367		—		—		20,762		17,847		158,976
Inter-segment	2,338		820		17,304		31,905		2,793		55,160
Total segment revenue	1,428,255		421,766		275,534		313,528		192,038		2,631,121
Less: inter-segment elimination	(2,338)		(820)		(17,304)		(31,905)		(2,793)		(55,160)
Total external revenue	$	1,425,917	$	420,946	$	258,230	$	281,623	$	189,245	$	2,575,961


	Year Ended June 30, 2020
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	928,668	$	—	$	—	$	154,632	$	153,795	$	1,237,095
Europe	325,239		416,987		269,220		112,046		—		1,123,492
Other	77,204		—		—		24,990		18,577		120,771
Inter-segment	6,180		934		5,994		7,806		1,417		22,331
Total segment revenue	1,337,291		417,921		275,214		299,474		173,789		2,503,689
Less: inter-segment elimination	(6,180)		(934)		(5,994)		(7,806)		(1,417)		(22,331)
Total external revenue	$	1,331,111	$	416,987	$	269,220	$	291,668	$	172,372	$	2,481,358

The following table includes segment EBITDA by reportable segment, total income from operations and total income (loss) before income taxes:


	Year Ended June 30,
		2022		2021		2020
Segment EBITDA:
Vista		$	195,321	$	318,684	$	362,589
PrintBrothers		66,774		43,144		39,373
The Print Group		58,664		43,126		51,606
National Pen		26,845		11,644		7,605
All Other Businesses		23,227		31,707		17,474
Total segment EBITDA		370,831		448,305		478,647
Central and corporate costs		(143,958)		(129,367)		(136,653)
Depreciation and amortization		(175,681)		(173,212)		(167,943)

Proceeds from insurance		—		(122)		—
Earn-out related charges		—		—		54

Certain impairments and other adjustments		9,709		(20,453)		(104,593)
Restructuring-related charges		(13,603)		(1,641)		(13,543)


Total income from operations		47,298		123,510		55,969
Other income (expense), net		61,463		(19,353)		22,874
Interest expense, net		(99,430)		(119,368)		(75,840)
Loss on early extinguishment of debt		—		(48,343)		—
Income (loss) before income taxes		$	9,331	$	(63,554)	$	3,003


	Year Ended June 30,
		2022		2021		2020
Depreciation and amortization:
Vista		$	65,489	$	58,513	$	59,029
PrintBrothers		20,790		22,089		21,010
The Print Group		25,657		27,066		24,769
National Pen		24,261		25,123		23,654
All Other Businesses		18,536		19,811		23,755
Central and corporate costs		20,948		20,610		15,726
Total depreciation and amortization		$	175,681	$	173,212	$	167,943


	Year Ended June 30,
		2022		2021		2020
Purchases of property, plant and equipment:
Vista		$	17,198	$	12,332	$	15,986
PrintBrothers		3,788		3,609		4,315
The Print Group		19,877		11,847		17,136
National Pen		4,332		3,603		5,016
All Other Businesses		7,027		5,466		4,242
Central and corporate costs		1,818		1,667		3,772
Total purchases of property, plant and equipment		$	54,040	$	38,524	$	50,467


	Year Ended June 30,
		2022		2021		2020
Capitalization of software and website development costs:
Vista		$	30,994	$	28,297	$	18,381
PrintBrothers		1,139		1,465		990
The Print Group		2,419		1,603		1,484
National Pen		3,390		3,115		3,290
All Other Businesses		4,097		3,746		3,684
Central and corporate costs		23,258		22,711		16,163
Total capitalization of software and website development costs		$	65,297	$	60,937	$	43,992

Enterprise Wide Disclosures:

The following tables set forth revenues by geographic area and groups of similar products and services:


	Year Ended June 30,
	2022		2021		2020
United States	$	1,092,096	$	1,199,436	$	1,251,531
Germany (1)	358,384		350,281		351,348
Other (2)	1,437,075		1,026,244		878,479
Total revenue	$	2,887,555	$	2,575,961	$	2,481,358


	Year Ended June 30,
	2022		2021		2020
Physical printed products and other (3)	$	2,789,600	$	2,477,158	$	2,431,367
Digital products/services (4)	97,955		98,803		49,991
Total revenue	$	2,887,555	$	2,575,961	$	2,481,358

__________________

(1) Our revenues within the German market exceeded 10% of our total consolidated revenue. Therefore we have presented Germany as a significant geographic area.

(2) Our other revenue includes Ireland, our country of domicile.

(3) Other revenue includes miscellaneous items which account for less than 1% of revenue.

The following table sets forth long-lived assets by geographic area:


	June 30, 2022		June 30, 2021
Long-lived assets (1):
United States	$	95,589	$	107,868
Netherlands	67,240		75,996
Canada	58,498		60,779
Switzerland	72,394		68,880
Italy	48,262		47,776
France	25,383		20,550
Jamaica	18,744		21,298
Australia	17,751		25,417
Japan	11,392		14,891
Other	90,677		96,063
Total	$	505,930	$	539,518

___________________

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Noncontrolling interests (Tables)

12 Months Ended

Jun. 30, 2022

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 redeemable noncontrolling interests:


	Redeemable Noncontrolling Interest
Balance as of June 30, 2020	$	69,106
Acquisition of noncontrolling interest (1)	4,370
Accretion to redemption value recognized in retained earnings (2)	3,049
Net income attributable to noncontrolling interests	2,772
Distribution to noncontrolling interests (3)	(4,746)
Purchase of noncontrolling interest (4)	(5,063)
Foreign currency translation	1,632
Balance as of June 30, 2021	71,120

Acquisition of noncontrolling interest (1)	4,453

Accretion to redemption value (2)	61,962

Net income attributable to noncontrolling interests	3,761
Distribution to noncontrolling interests (3)	(3,963)
Purchase of noncontrolling interest (4)	(2,165)

Foreign currency translation	(3,685)
Balance as of June 30, 2022	$	131,483

_________________

(3) Distributions to noncontrolling interests include contractually required profit sharing payments made annually to the minority interest holders in one of the PrintBrothers businesses.