0001262976-22-000047 | 10-Q | XBRL Viewer

Cover Page - € / shares	3 Months Ended
Cover Page - € / shares	Sep. 30, 2022	Oct. 24, 2022	Jun. 30, 2022
Cover [Abstract]
Title of 12(b) Security	Ordinary Shares, nominal value of €0.01 per share
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-51539
Entity registrant name	Cimpress plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0417483
Entity Address, Address Line One	Building D
Entity Address, Address Line Two	Xerox Technology Park
Entity Address, Postal Zip Code	A91 H9N9
Entity Address, City or Town	Dundalk, Co. Louth
Entity Address, Country	IE
City Area Code	353
Local Phone Number	42 938 8500
Title of 12(b) Security	€ 0.01		€ 0.01
Trading Symbol	CMPR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity filer category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity common stock, shares outstanding		26,232,581
Entity central index key	0001262976
Amendment flag	false
Document fiscal year focus	2023
Document fiscal period focus	Q1
Current fiscal year end date	--06-30
Document period end date	Sep. 30, 2022
Document Information [Line Items]
Entity common stock, shares outstanding		26,232,581
Document period end date	Sep. 30, 2022

Consolidated Balance Sheets - USD ($) $ in Thousands	3 Months Ended
Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Document period end date	Sep. 30, 2022
Current assets:
Cash and Cash Equivalents, at Carrying Value	$ 132,100	$ 277,053
Marketable Securities, Current	101,726	49,952
Accounts receivable, net of allowances of $6,652 and $6,140, respectively	70,533	63,885
Inventory	153,504	126,728
Prepaid expenses and other current assets	121,428	108,697
Total current assets	579,291	626,315
Property, plant and equipment, net	272,625	286,826
Operating lease assets, net	64,389	80,694
Software and website development costs, net	89,661	90,474
Deferred tax assets	114,020	113,088
Goodwill	748,055	766,600
Intangible assets, net	139,864	154,730
Marketable securities, non-current	22,449	0
Other assets	67,693	48,945
Total assets	2,098,047	2,167,672
Current liabilities:
Accounts payable	285,226	313,710
Accrued expenses	266,196	253,841
Deferred revenue	54,229	58,861
Short-term debt	9,900	10,386
Operating lease liabilities, current	23,013	27,706
Other current liabilities	33,061	28,035
Total current liabilities	671,625	692,539
Deferred tax liabilities	48,418	41,142
Long-term debt	1,654,529	1,675,562
Operating lease liabilities, non-current	44,783	57,474
Other liabilities	56,443	64,394
Total liabilities	2,475,798	2,531,111
Temporary equity
Redeemable noncontrolling interests	129,909	131,483
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
Treasury shares, at cost, 17,971,247 shares for both periods presented	(1,363,550)	(1,363,550)
Additional paid-in capital	509,444	501,003
Retained earnings	385,972	414,138
Accumulated other comprehensive loss	(40,141)	(47,128)
Total shareholders' deficit	(507,660)	(494,922)
Total liabilities, noncontrolling interests and shareholders’ deficit	$ 2,098,047	$ 2,167,672

Consolidated Balance Sheets (Parenthetical) $ in Thousands	Sep. 30, 2022 USD ($) shares	Sep. 30, 2022 € / shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2022 € / shares
Current Assets
Accounts Receivable, Allowance for Credit Loss, Current \| $	$ 6,652		$ 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	26,224,846
Treasury Stock, Shares	17,971,247

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue	$ 703,415	$ 657,599
Cost of revenue (1)	377,735	338,989
Technology and development expense (1)	74,475	67,277
Marketing and selling expense (1)	200,930	174,697
General and administrative expense (1)	54,072	46,548
Amortization of acquired intangible assets	12,350	13,458
Restructuring expense (1)	(1,820)	(309)
(Loss) income from operations	(17,967)	16,939
Other income, net	27,397	13,170
Interest expense, net	(24,806)	(25,688)
(Loss) income before income taxes	(15,376)	4,421
Income tax expense	9,365	9,381
Net loss	(24,741)	(4,960)
Add: Net (income) attributable to noncontrolling interests	(700)	(1,738)
Net loss attributable to Cimpress plc	$ (25,441)	$ (6,698)
Basic and diluted net loss per share attributable to Cimpress plc	$ (0.97)	$ (0.26)
Diluted net loss per share attributable to Cimpress plc		$ (0.26)
Weighted average shares outstanding — basic and diluted	26,178,818	26,072,249
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	$ (10,631)	$ (11,006)
Cost of revenue
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(193)	(116)
Technology and development expense
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(3,041)	(2,903)
Marketing and selling expense
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(2,459)	(2,677)
General and administrative expense
Condensed Income Statements, Captions [Line Items]
Share-based compensation expense	(4,782)	(5,310)
Restructuring Charges
Restructuring expense (1)	$ (156)	$ 0

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Other comprehensive (loss) income, net of tax:
Net loss	$ (24,741)	$ (4,960)
Foreign currency translation losses, net of hedges	(8,182)	(183)
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	16,760	(1,925)
Amounts reclassified from accumulated other comprehensive loss to net loss on derivative instruments	(2,938)	5,546
Comprehensive loss	(19,101)	(1,522)
Add: Comprehensive loss (income) attributable to noncontrolling interests	647	(881)
Total comprehensive loss attributable to Cimpress plc	$ (18,454)	$ (2,403)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Consolidated Statement of Shareholders Equity Statement - USD ($) $ in Thousands	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, 2021		(44,080,000)	(25,000)	(18,045,000)
Beginning balance, Value at Jun. 30, 2021	$ 449,371	$ (615)	$ (28)	$ 1,368,595	$ (459,904)	$ (530,159)	$ 71,482
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				54,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	2,579			$ (3,516)	(6,095)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	11,129				11,129
Net Income (Loss) Attributable to Parent	(6,698)				(6,698)
Temporary Equity, Accretion to Redemption Value	(7,592)					7,592
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	3,621						3,621
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	674						674
Ending balance, Shares at Sep. 30, 2021		(44,080,000)	(25,000)	(17,991,000)
Ending balance, Value at Sep. 30, 2021	450,816	$ (615)	$ (28)	$ 1,365,079	(464,938)	(515,869)	67,187
Beginning balance, Shares at Jun. 30, 2022		(44,084,000)	0	(17,971,000)
Beginning balance, Value at Jun. 30, 2022	494,922	$ (615)	$ 0	$ 1,363,550	(501,003)	(414,138)	47,128
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		112,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	2,212				(2,212)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	10,653				10,653
Net Income (Loss) Attributable to Parent	(25,441)				(25,441)
Temporary Equity, Accretion to Redemption Value	(2,725)					2,725
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	13,822
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(6,835)
Ending balance, Shares at Sep. 30, 2022		(44,196,000)	0	(17,971,000)
Ending balance, Value at Sep. 30, 2022	$ 507,660	$ (615)	$ 0	$ 1,363,550	$ (509,444)	$ (385,972)	$ 40,141

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net loss	$ (24,741)	$ (4,960)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	40,942	44,432
Share-based compensation expense	10,631	11,006
Deferred taxes	(1,024)	(1,138)
Unrealized gain on derivatives not designated as hedging instruments included in net loss	(14,024)	(16,534)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(749)	174
Other non-cash items	2,158	(471)
Changes in operating assets and liabilities, net of effects of businesses acquired:
Accounts receivable	(9,460)	(7,149)
Inventory	(36,434)	(11,744)
Prepaid expenses and other assets	3,151	(4,832)
Accounts payable	(12,013)	10,290
Accrued expenses and other liabilities	16,312	17,493
Net cash (used in) provided by operating activities	(25,251)	36,567
Investing activities
Purchases of property, plant and equipment	(11,758)	(8,624)
Capitalization of software and website development costs	(15,330)	(15,639)
Proceeds from the sale of assets	122	1,699
Purchases of marketable securities	84,030	0
Proceeds from maturity of held-to-maturity investments	9,953	10,000
Other investing activities	0	(617)
Net cash used in investing activities	(101,043)	(13,181)
Financing activities
Proceeds from borrowings of debt	10,000	0
Payments of debt	(13,256)	(4,111)
Payments of debt issuance costs	(23)	(1,137)
Payments of purchase consideration included in acquisition-date fair value	225	0
Payments of withholding taxes in connection with equity awards	(2,212)	(2,579)
Payments of finance lease obligations	(2,412)	(2,526)
Distributions to noncontrolling interests	3,652	0
Other financing activities	0	2
Net cash used in financing activities	(11,780)	(10,351)
Effect of exchange rate changes on cash	(6,879)	(2,827)
Net (decrease) increase in cash and cash equivalents	(144,953)	10,208
Cash and cash equivalents at beginning of period	(277,053)	(183,023)
Cash and cash equivalents at end of period	(132,100)	(193,231)
Supplemental disclosures of cash flow information
Interest	15,060	14,358
Income taxes	4,257	7,767
Property and equipment acquired under finance leases	2,412	865
Amounts accrued related to property, plant and equipment	9,500	7,441
Amounts accrued related to capitalized software development costs	213	2,357
Amounts accrued related to business acquisitions	$ 8,463	44,852
Revision of Prior Period, Error Correction, Adjustment [Member]
Operating activities
Net loss		(9,027)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency		(9,027)
Previously Reported [Member]
Operating activities
Net loss		4,067
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency		$ 8,853

Description of the Business	3 Months Ended
Description of the Business	Sep. 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.

Summary of Significant Accounting Policies

3 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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

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.

Revision of Prior Period Financial Statements

Foreign Currency Gains Associated with Intercompany Loan Hedge

During the quarter ended December 31, 2021, 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 three months ended September 30, 2021, we incorrectly recognized $9,027, respectively, of gains in other income (expense), net. This error overstated other income (expense), net; income (loss) before income taxes; and net income for both periods 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 September 30, 2021
	Reported		Adjustments		Revised
Accumulated other comprehensive loss	$	(83,732)	$	16,545	$	(67,187)
Retained earnings	532,414		(16,545)		515,869






Consolidated Statements of Operations	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Other income (expense), net	$	22,197	$	(9,027)	$	13,170
Income (loss) before income taxes	13,448		(9,027)		4,421
Net income (loss)	4,067		(9,027)		(4,960)
Net income (loss) attributable to Cimpress plc	2,329		(9,027)		(6,698)
Net income (loss) per share attributable to Cimpress plc:
Basic	$	0.09	$	(0.35)	$	(0.26)
Diluted	$	0.09	$	(0.35)	$	(0.26)

Consolidated Statements of Comprehensive Loss	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Net income (loss)	$	4,067	$	(9,027)	$	(4,960)
Foreign currency translation losses, net of hedges	(9,210)		9,027		(183)

Consolidated Statements of Shareholders' Deficit	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Net income (loss) attributable to Cimpress plc	$	2,329	$	(9,027)	$	(6,698)
Foreign currency translation, net of hedges	(8,353)		9,027		674

Consolidated Statements of Cash Flows	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Net income (loss)	$	4,067	$	(9,027)	$	(4,960)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(8,853)		9,027		174

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 three months ended September 30, 2022 and 2021.

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 September 30, 2022 and June 30, 2022.


	September 30, 2022
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:
Commercial paper	$	50,608	$	(261)	$	50,347
Corporate debt securities	51,118		(518)		50,600
Total due within one year or less	$	101,726	$	(779)	$	100,947
Due between one and two years:
Corporate debt securities	$	13,239	$	(271)	$	12,968
U.S. government securities	9,210		(124)		9,086
Total held-to-maturity securities	$	124,175	$	(1,174)	$	123,001


	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

Other Income, Net

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


	Three Months Ended September 30,
	2022		2021
Gains on derivatives not designated as hedging instruments (1)	$	28,645	$	13,327
Currency-related (losses) gains, net (2)	(197)		323
Other losses	(1,051)		(480)
Total other income, net	$	27,397	$	13,170

_____________________

(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 were de-designated from hedge accounting in the prior period. For contracts not designated as hedging instruments, we realized gains of $14,621 and losses of $3,672 for the three months ended September 30, 2022 and 2021, respectively. 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 a cross-currency swap designated as a cash flow hedge which hedges the remeasurement of an intercompany loan. Refer to Note 4 for additional details relating to this cash flow hedge.

Net Loss Per Share Attributable to Cimpress plc

Basic net loss per share attributable to Cimpress plc is computed by dividing net loss attributable to Cimpress plc by the weighted-average number of ordinary shares outstanding for the respective period. Diluted net loss 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:


	Three Months Ended September 30,
	2022	2021
Weighted average shares outstanding, basic and diluted	26,178,818	26,072,249


Weighted average anti-dilutive shares excluded from diluted net loss per share attributable to Cimpress plc (1)(2)	2,688,813	530,011

___________________

(1) In the periods in which a net loss is recognized, the impact of share options, RSUs 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 three months ended September 30, 2022 and 2021, the weighted average anti-dilutive effect of the warrants were 1,055,377 and 409,561 shares, respectively.

Recently Issued or Adopted Accounting Pronouncements

Adopted Accounting Standards

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. We adopted the standard on July 1, 2022. We recognize freestanding equity-classified warrants on our consolidated balance sheet and as the standard is applied prospectively, there was no impact on our consolidated financial statements in the current period.

Issued Accounting Standards to be Adopted

In September 2022, the FASB issued Accounting Standards Update No. 2022-04 "Liabilities - Supplier Finance Programs (Subtopic 405-50)" (ASU 2022-04), which provides authoritative guidance for expanded disclosure requirements for supply chain finance programs. The standard is effective for us on July 1, 2023, and early adoption is permitted. Cimpress businesses have an active supply chain finance program which will require additional disclosure after adoption of this standard.

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Revision of Prior Period Financial Statements

Foreign Currency Gains Associated with Intercompany Loan Hedge


Consolidated Balance Sheets	As of September 30, 2021
	Reported		Adjustments		Revised
Accumulated other comprehensive loss	$	(83,732)	$	16,545	$	(67,187)
Retained earnings	532,414		(16,545)		515,869






Consolidated Statements of Operations	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Other income (expense), net	$	22,197	$	(9,027)	$	13,170
Income (loss) before income taxes	13,448		(9,027)		4,421
Net income (loss)	4,067		(9,027)		(4,960)
Net income (loss) attributable to Cimpress plc	2,329		(9,027)		(6,698)
Net income (loss) per share attributable to Cimpress plc:
Basic	$	0.09	$	(0.35)	$	(0.26)
Diluted	$	0.09	$	(0.35)	$	(0.26)

Consolidated Statements of Comprehensive Loss	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Net income (loss)	$	4,067	$	(9,027)	$	(4,960)
Foreign currency translation losses, net of hedges	(9,210)		9,027		(183)

Consolidated Statements of Shareholders' Deficit	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Net income (loss) attributable to Cimpress plc	$	2,329	$	(9,027)	$	(6,698)
Foreign currency translation, net of hedges	(8,353)		9,027		674

Consolidated Statements of Cash Flows	Three months ended September 30, 2021
	Reported		Adjustments		Revised
Net income (loss)	$	4,067	$	(9,027)	$	(4,960)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(8,853)		9,027		174

Marketable Securities, Policy

Marketable Securities


	September 30, 2022
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:
Commercial paper	$	50,608	$	(261)	$	50,347
Corporate debt securities	51,118		(518)		50,600
Total due within one year or less	$	101,726	$	(779)	$	100,947
Due between one and two years:
Corporate debt securities	$	13,239	$	(271)	$	12,968
U.S. government securities	9,210		(124)		9,086
Total held-to-maturity securities	$	124,175	$	(1,174)	$	123,001


	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

Other Income (expense), net

Other Income, Net

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


	Three Months Ended September 30,
	2022		2021
Gains on derivatives not designated as hedging instruments (1)	$	28,645	$	13,327
Currency-related (losses) gains, net (2)	(197)		323
Other losses	(1,051)		(480)
Total other income, net	$	27,397	$	13,170

_____________________

Net (Loss) Income Per Share

Net Loss Per Share Attributable to Cimpress plc

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


	Three Months Ended September 30,
	2022	2021
Weighted average shares outstanding, basic and diluted	26,178,818	26,072,249


Weighted average anti-dilutive shares excluded from diluted net loss per share attributable to Cimpress plc (1)(2)	2,688,813	530,011

___________________

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

Recently Issued or Adopted Accounting Pronouncements

Adopted Accounting Standards

Issued Accounting Standards to be Adopted

Fair Value Measurements

3 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

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

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

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

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

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


	September 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	$	28,209	$	—	$	28,209	$	—
Cross-currency swap contracts	3,448		—		3,448		—
Currency forward contracts	26,995		—		26,995		—
Currency option contracts	19,173		—		19,173		—
Total assets recorded at fair value	$	77,825	$	—	$	77,825	$	—

Liabilities


Currency forward contracts	$	(1,409)	$	—	$	(1,409)	$	—

Total liabilities recorded at fair value	$	(1,409)	$	—	$	(1,409)	$	—


	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)	$	—

During the three months ended September 30, 2022 and year ended June 30, 2022, 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 September 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 September 30, 2022 and June 30, 2022, the carrying amounts of our cash and cash equivalents, accounts receivable, accounts payable and other current liabilities approximated their estimated fair values. As of September 30, 2022 and June 30, 2022, the carrying value of our debt, excluding debt issuance costs and debt premiums and discounts, was $1,682,977 and $1,705,365, respectively, and the fair value was $1,511,108 and $1,600,627, respectively. Our debt at September 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 September 30, 2022 and June 30, 2022 our held-to-maturity marketable securities were held at an amortized cost of $124,175 and $49,952, respectively, while the fair value was $123,001 and $49,406, 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

Derivative Financial Instruments

3 Months Ended

Sep. 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 a 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. We have designated one intercompany loan as a net investment hedge, and any unrealized currency gains and losses on the loan are recorded in accumulated other comprehensive loss. 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, 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 September 30, 2022, we estimate that $6,490 will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending September 30, 2023. As of September 30, 2022, we had fourteen effective outstanding interest rate swap contracts indexed to USD LIBOR. These hedges have varying start and maturity dates through April 2028.


Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of September 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 September 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, net as interest payments are accrued or paid and upon remeasuring the intercompany loan. As of September 30, 2022, we estimate that $2,132 of income will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending September 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 September 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 three months ended September 30, 2022 and 2021, we experienced volatility within other income, net, in our consolidated statements of operations from unrealized gains and losses on the mark-to-market of outstanding currency forward and option contracts. We expect this volatility to continue in future periods for contracts for which we do not apply hedge accounting. Additionally, since our hedging objectives may be targeted at non-GAAP financial metrics that exclude non-cash items such as depreciation and amortization, we may experience increased, not decreased, volatility in our GAAP results as a result of our currency hedging program.

As of September 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

$675,605

December 2020 through September 2022

Various dates through September 2024

559

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


	September 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	$	28,209	$	—	$	28,209	Other current liabilities / other liabilities	$	—	$	—	$	—
Cross-currency swaps	Other assets	3,448		—		3,448		Other liabilities	—		—		—



Total derivatives designated as hedging instruments		$	31,657	$	—	$	31,657		$	—	$	—	$	—

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	$	35,378	$	(8,383)	$	26,995	Other current liabilities / other liabilities	$	(1,435)	$	26	$	(1,409)
Currency option contracts	Other current assets / other assets	19,173		—		19,173		Other liabilities	—		—		—
Total derivatives not designated as hedging instruments		$	54,551	$	(8,383)	$	46,168		$	(1,435)	$	26	$	(1,409)


	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 current assets / 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 current liabilities / other liabilities	(9)		—		(9)
Total derivatives not designated as hedging instruments		$	35,052	$	(3,803)	$	31,249		$	(514)	$	—	$	(514)

The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive loss for the three months ended September 30, 2022 and 2021:


	Three Months Ended September 30,
	2022		2021
Derivatives in cash flow hedging relationships
Interest rate swaps	$	12,954	$	519
Cross-currency swaps	3,806		(2,444)
Derivatives in net investment hedging relationships

Intercompany loan	12,951		9,027
Currency forward contracts	—		3,492
Total	$	29,711	$	10,594

The following table presents reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2022 and 2021:


	Amount of Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income				Affected line item in the Statement of Operations
	Three Months Ended September 30,
	2022		2021
Derivatives in cash flow hedging relationships
Interest rate swaps	$	397	$	2,497		Interest expense, net
Cross-currency swaps	(3,742)		3,987			Other income, net
Total before income tax	(3,345)		6,484			(Loss) income before income taxes
Income tax	407		(938)			Income tax expense
Total	$	(2,938)	$	5,546

The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the three months ended September 30, 2022 and 2021 for derivative instruments for which we did not elect hedge accounting and de-designated derivative financial instruments that did not qualify as hedging instruments.


					Affected line item in the Statement of Operations
	Three Months Ended September 30,
	2022		2021
Currency contracts	$	28,645	$	12,863		Other income, net
Interest rate swaps	—		464			Other income, net
Total	$	28,645	$	13,327

Accumulated Other Comprehensive Loss

3 Months Ended

Sep. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Loss

The following table presents a roll forward of amounts recognized in accumulated other comprehensive loss by component, net of tax of $5,506 for the three months ended September 30, 2022:


	Gains on cash flow hedges (1)		Losses on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2022	$	5,179	$	(86)	$	(52,221)	$	(47,128)
Other comprehensive income (loss) before reclassifications	16,760		—		(6,835)		9,925
Amounts reclassified from accumulated other comprehensive loss to net loss	(2,938)		—		—		(2,938)
Net current period other comprehensive income (loss)	13,822		—		(6,835)		6,987
Balance as of September 30, 2022	$	19,001	$	(86)	$	(59,056)	$	(40,141)

________________________

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

(2) As of September 30, 2022 and June 30, 2022, 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 have been included in accumulated other comprehensive loss as of September 30, 2022 and June 30, 2022. Intercompany loan hedge gains of $76,073 and $56,743, net of tax, have been included in accumulated other comprehensive loss as of September 30, 2022 and June 30, 2022, respectively.

Goodwill and Acquired Intangibles

3 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Debt

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


	Vista		PrintBrothers		The Print Group		All Other Businesses		Total
Balance as of June 30, 2022	$	291,498	$	130,828	$	143,969	$	200,305	$	766,600



Adjustments	—		—		—		225		225


Effect of currency translation adjustments (1)	(2,836)		(7,430)		(8,504)		—		(18,770)
Balance as of September 30, 2022	$	288,662	$	123,398	$	135,465	$	200,530	$	748,055

________________________

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

Other Balance Sheet Components

3 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Other Balance Sheet Components

Accrued expenses included the following:


	September 30, 2022		June 30, 2022
Compensation costs	$	69,156	$	78,521
Income and indirect taxes	45,696		41,886
Advertising costs	26,534		25,925
Shipping costs	12,200		10,228
Third party manufacturing and digital content costs	16,290		15,790
Variable compensation incentives (1)	7,978		—
Sales returns	6,793		6,286
Purchases of property, plant and equipment	1,445		642
Professional fees	3,712		2,394
Interest payable (2)	13,076		2,477
Other	63,316		69,692
Total accrued expenses	$	266,196	$	253,841

______________________

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

(2) The increase in interest payable as of September 30, 2022, is due to the interest on our 2026 Notes being payable semi-annually on June 15 and December 15 of each year. Refer to Note 8 for further detail.

Other current liabilities included the following:


	September 30, 2022		June 30, 2022
Current portion of finance lease obligations	$	6,452	$	6,684
Short-term derivative liabilities (1)	9,713		4,299


Other	16,896		17,052
Total other current liabilities	$	33,061	$	28,035

________________________

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

Other liabilities included the following:


	September 30, 2022		June 30, 2022
Long-term finance lease obligations	$	14,669	$	14,699
Long-term derivative liabilities	104		463


Long-term compensation incentives (1)	14,583		19,934
Other	27,087		29,298
Total other liabilities	$	56,443	$	64,394

________________________

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

Debt

3 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]


	September 30, 2022		June 30, 2022
7.0% Senior Notes due 2026	$	600,000	$	600,000
Senior secured credit facility	1,076,279		1,097,302
Other	6,698		8,063
Debt issuance costs and debt premiums (discounts)	(18,548)		(19,417)
Total debt outstanding, net	1,664,429		1,685,948
Less: short-term debt (1)	9,900		10,386
Long-term debt	$	1,654,529	$	1,675,562

_____________________

(1) Balances as of September 30, 2022 and June 30, 2022 are inclusive of short-term debt issuance costs, debt premiums and discounts of $3,498 for both periods presented.

Our various debt arrangements described below contain customary representations, warranties and events of default. As of September 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 September 30, 2022, we have borrowings under the Restated Credit Agreement of $1,076,279 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 September 30, 2022.

As of September 30, 2022, the weighted-average interest rate on outstanding borrowings under the Restated Credit Agreement was 5.80%, 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 September 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 September 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 September 30, 2022 and June 30, 2022, we had $6,698 and $8,063, 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Section 50
-Paragraph 1B
-Subparagraph (h)
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (d)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1B
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+ Details

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Our income tax expense was $9,365 and $9,381 for the three months ended September 30, 2022 and 2021, respectively. The decreased tax expense is due to decreased profits, offset by a higher forecasted effective tax rate. Excluding the effect of discrete tax adjustments, our estimated annual effective tax rate is higher for fiscal 2023 as compared to fiscal 2022 primarily due to decreased forecasted profits. Our effective tax rate continues to be negatively impacted by losses in certain jurisdictions where we are unable to recognize a tax benefit in the current period. As of September 30, 2022 we had unrecognized tax benefits of $14,468, including accrued interest and penalties of $1,500. We recognize interest and, if applicable, penalties related to unrecognized tax benefits in the provision for income taxes. If recognized, $7,620 of unrecognized tax benefits would reduce our tax expense. It is reasonably possible that a reduction in unrecognized tax benefits may occur within the next twelve months in the range of $360 to $410 related to the lapse of applicable statutes of limitations. We believe we have appropriately provided for all tax uncertainties. We conduct business in a number of tax jurisdictions and, as such, are required to file income tax returns in multiple jurisdictions globally. The years 2016 through 2022 remain open for examination by the U.S. Internal Revenue Service and the years 2015 through 2022 remain open for examination in the various states and non-U.S. tax jurisdictions in which we file tax returns. We believe that our income tax reserves are adequately maintained taking into consideration both the technical merits of our tax return positions and ongoing developments in our income tax audits. However, the final determination of our tax return positions, if audited, is uncertain, and there is a possibility that final resolution of these matters could have a material impact on our results of operations or cash flows. We have not recorded a valuation allowance against deferred tax assets of $15,060 and $99,924 related to Swiss tax losses and the Swiss amortizable goodwill, respectively, as we expect to realize these assets in the future. Management believes there is sufficient positive evidence in the form of historical and future projected profitability to conclude that it is more likely than not that these benefits in Switzerland will be utilized against future taxable profits within the available carryforward periods. Our assessments are reliant on the attainment of our forecasted operating profits. Failure to achieve these forecasted operating profits may change our assessment of these deferred tax assets, and such change would result in additional valuation allowance and an increase in income tax expense to be recorded in the period of the change in assessment. We will continue to review our forecasts and profitability trends relevant to these Swiss deferred tax assets on a quarterly basis.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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+ Details

Noncontrolling interests

3 Months Ended

Sep. 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 business management team owns a minority portion of the equity, which includes those described below. 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 September 30, 2022, the total estimated redemption value is $88,991 for those noncontrolling interests with put option windows that are exercisable in fiscal year 2023, of which $4,726 has already been exercised in the second quarter of fiscal 2023. The remaining equity interests are exercisable through November 30, 2022.

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. For the exercise window occurring in the second quarter of fiscal 2023, the estimated redemption

value for the portion of the put options that could be exercised is $84,266 and is based on actual results through June 30, 2022. If the put options are exercised, then Cimpress may redeem the remaining 10% of these holders' minority equity interests 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 three months ended September 30, 2022, the redemption value of a PrintBrothers business increased above its carrying value due to continued strong performance. The increased redemption value resulted in an adjustment to redeemable noncontrolling interest of $2,075. The offsetting amount was recognized within retained earnings as the redemption values for this noncontrolling interest was below the estimated fair value.

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


	Redeemable Noncontrolling Interest
Balance as of June 30, 2022	$	131,483



Accretion to redemption value (1)	2,725

Net income attributable to noncontrolling interests	700
Distributions to noncontrolling interests (2)	(3,652)


Foreign currency translation	(1,347)
Balance as of September 30, 2022	$	129,909

_________________

(1) 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.

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

Segment Information

3 Months Ended

Sep. 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 September 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 two 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 another, smaller business 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.

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.

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.

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 revised our presentation of the prior period presented to reflect our updated segment reporting, which decreased both Vista segment EBITDA and Central and corporate costs by $1,119 for the three months ended September 30, 2021.

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.


	Three Months Ended September 30,
	2022		2021
Revenue:
Vista	$	369,369	$	349,480
PrintBrothers	132,699		125,357
The Print Group	76,823		72,820
National Pen	81,666		69,264
All Other Businesses	51,827		47,871
Total segment revenue	712,384		664,792
Inter-segment eliminations (1)	(8,969)		(7,193)
Total consolidated revenue	$	703,415	$	657,599

_____________________

(1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.


	Three Months Ended September 30, 2022
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	266,486	$	—	$	—	$	49,447	$	43,292	$	359,225
Europe	70,496		132,382		74,991		24,945		—		302,814
Other	31,877		—		—		2,552		6,947		41,376
Inter-segment	510		317		1,832		4,722		1,588		8,969
Total segment revenue	369,369		132,699		76,823		81,666		51,827		712,384
Less: inter-segment elimination	(510)		(317)		(1,832)		(4,722)		(1,588)		(8,969)
Total external revenue	$	368,859	$	132,382	$	74,991	$	76,944	$	50,239	$	703,415


	Three Months Ended September 30, 2021
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	244,449	$	—	$	—	$	41,038	$	41,308	$	326,795
Europe	71,533		125,128		71,155		20,851		—		288,667
Other	32,796		—		—		3,533		5,808		42,137
Inter-segment	702		229		1,665		3,842		755		7,193
Total segment revenue	349,480		125,357		72,820		69,264		47,871		664,792
Less: inter-segment elimination	(702)		(229)		(1,665)		(3,842)		(755)		(7,193)
Total external revenue	$	348,778	$	125,128	$	71,155	$	65,422	$	47,116	$	657,599

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


	Three Months Ended September 30,
	2022		2021
Segment EBITDA:
Vista	$	30,737	$	66,920
PrintBrothers	14,991		16,283
The Print Group	12,220		14,389
National Pen	(1,297)		(8,048)
All Other Businesses	6,178		4,891
Total segment EBITDA	62,829		94,435
Central and corporate costs	(34,578)		(34,153)
Depreciation and amortization	(40,942)		(44,432)




Certain impairments and other adjustments	(3,456)		780
Restructuring-related charges	(1,820)		309


Total (loss) income from operations	(17,967)		16,939
Other income, net	27,397		13,170
Interest expense, net	(24,806)		(25,688)

(Loss) income before income taxes	$	(15,376)	$	4,421


	Three Months Ended September 30,
	2022		2021
Depreciation and amortization:
Vista	$	14,670	$	16,403
PrintBrothers	4,773		5,234
The Print Group	5,862		6,584
National Pen	5,891		5,908
All Other Businesses	4,516		5,042
Central and corporate costs	5,230		5,261
Total depreciation and amortization	$	40,942	$	44,432


	Three Months Ended September 30,
	2022		2021
Purchases of property, plant and equipment:
Vista	$	3,124	$	2,478
PrintBrothers	708		1,512
The Print Group	4,819		1,428
National Pen	1,601		1,188
All Other Businesses	1,068		1,515
Central and corporate costs	438		503
Total purchases of property, plant and equipment	$	11,758	$	8,624


	Three Months Ended September 30,
	2022		2021
Capitalization of software and website development costs:
Vista	$	6,635	$	7,572
PrintBrothers	389		232
The Print Group	490		426
National Pen	588		678
All Other Businesses	924		1,184
Central and corporate costs	6,304		5,547
Total capitalization of software and website development costs	$	15,330	$	15,639

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


	September 30, 2022		June 30, 2022
Long-lived assets (1):
United States	$	90,481	$	95,589
Switzerland	71,901		72,394
Netherlands	69,353		67,240
Canada	57,730		58,498
Italy	45,239		48,262
France	23,431		25,383
Jamaica	18,341		18,744
Australia	17,838		17,751
Japan	10,489		11,392
Other	88,406		90,677
Total	$	493,209	$	505,930

___________________

(1) Excludes goodwill of $748,055 and $766,600, intangible assets, net of $139,864 and $154,730, deferred tax assets of $114,020 and $113,088, and marketable securities, non-current of $22,449 and zero as of September 30, 2022 and June 30, 2022, respectively.

- 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

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+ Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Purchase Obligations At September 30, 2022, we had unrecorded commitments under contract of $251,011, including inventory, third-party fulfillment and digital service purchase commitments of $86,678; third-party cloud services of $80,997; software of $42,238; advertising of $15,181; production and computer equipment purchases of $5,952; professional and consulting fees of $5,019, and other unrecorded purchase commitments of $14,946. Other Obligations We deferred payments for several of our acquisitions, resulting in the recognition of a liability of $8,463 as of September 30, 2022, which primarily relates to a deferred payment for our acquisition of Depositphotos that is payable in October 2022, subject to any outstanding indemnification claims. 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.

Restructuring Charges

3 Months Ended

Sep. 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 three months ended September 30, 2022, we recognized restructuring charges of $1,820. We recognized restructuring expense related to prior quarter actions of $1,456 in our Vista business, $209 in our National Pen business and $155 in our Central and corporate costs.

The following table summarizes the restructuring activity during the three months ended September 30, 2022.


	Severance and Related Benefits		Other Restructuring Costs		Accrued restructuring liability
Balance as of June 30, 2022	$	13,449	$	—	$	13,449
Restructuring charges	1,032		788		1,820
Cash payments	(7,931)		—		(7,931)
Non-cash charges (1)	(156)		(788)		(944)
Foreign currency translation	(419)		—		(419)
Balance as of September 30, 2022	$	5,975	$	—	$	5,975

________________

(1) During the three months ended September 30, 2022, non-cash restructuring charges primarily include the Vista segment's write-off of inventory for the Japan market which has no alternative use, the write-off of equipment from National Pen's ongoing move of its European production operations from Ireland to the Czech Republic, and share-based compensation expense upon modification to accelerate the vesting of share-based compensation awards for the actions taken in the fourth quarter of fiscal year 2022.

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

3 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Debt Securities, Held-to-maturity


	September 30, 2022
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:
Commercial paper	$	50,608	$	(261)	$	50,347
Corporate debt securities	51,118		(518)		50,600
Total due within one year or less	$	101,726	$	(779)	$	100,947
Due between one and two years:
Corporate debt securities	$	13,239	$	(271)	$	12,968
U.S. government securities	9,210		(124)		9,086
Total held-to-maturity securities	$	124,175	$	(1,174)	$	123,001


	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

Interest and Other Income

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


	Three Months Ended September 30,
	2022		2021
Gains on derivatives not designated as hedging instruments (1)	$	28,645	$	13,327
Currency-related (losses) gains, net (2)	(197)		323
Other losses	(1,051)		(480)
Total other income, net	$	27,397	$	13,170

_____________________

Schedule of Weighted Average Number of Shares

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


	Three Months Ended September 30,
	2022	2021
Weighted average shares outstanding, basic and diluted	26,178,818	26,072,249


Weighted average anti-dilutive shares excluded from diluted net loss per share attributable to Cimpress plc (1)(2)	2,688,813	530,011

___________________

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

Fair Value Measurements (Tables)

3 Months Ended

Sep. 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:


	September 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	$	28,209	$	—	$	28,209	$	—
Cross-currency swap contracts	3,448		—		3,448		—
Currency forward contracts	26,995		—		26,995		—
Currency option contracts	19,173		—		19,173		—
Total assets recorded at fair value	$	77,825	$	—	$	77,825	$	—

Liabilities


Currency forward contracts	$	(1,409)	$	—	$	(1,409)	$	—

Total liabilities recorded at fair value	$	(1,409)	$	—	$	(1,409)	$	—


	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)	$	—

Derivative Financial Instruments (Tables)

3 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

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


Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of September 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

$675,605

December 2020 through September 2022

Various dates through September 2024

559

Various

Derivative Instruments in Statement of Financial Position, Fair Value


	September 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	$	28,209	$	—	$	28,209	Other current liabilities / other liabilities	$	—	$	—	$	—
Cross-currency swaps	Other assets	3,448		—		3,448		Other liabilities	—		—		—



Total derivatives designated as hedging instruments		$	31,657	$	—	$	31,657		$	—	$	—	$	—

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	$	35,378	$	(8,383)	$	26,995	Other current liabilities / other liabilities	$	(1,435)	$	26	$	(1,409)
Currency option contracts	Other current assets / other assets	19,173		—		19,173		Other liabilities	—		—		—
Total derivatives not designated as hedging instruments		$	54,551	$	(8,383)	$	46,168		$	(1,435)	$	26	$	(1,409)


	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 current assets / 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 current liabilities / other liabilities	(9)		—		(9)
Total derivatives not designated as hedging instruments		$	35,052	$	(3,803)	$	31,249		$	(514)	$	—	$	(514)

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


	Three Months Ended September 30,
	2022		2021
Derivatives in cash flow hedging relationships
Interest rate swaps	$	12,954	$	519
Cross-currency swaps	3,806		(2,444)
Derivatives in net investment hedging relationships

Intercompany loan	12,951		9,027
Currency forward contracts	—		3,492
Total	$	29,711	$	10,594

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2022 and 2021:


	Amount of Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income				Affected line item in the Statement of Operations
	Three Months Ended September 30,
	2022		2021
Derivatives in cash flow hedging relationships
Interest rate swaps	$	397	$	2,497		Interest expense, net
Cross-currency swaps	(3,742)		3,987			Other income, net
Total before income tax	(3,345)		6,484			(Loss) income before income taxes
Income tax	407		(938)			Income tax expense
Total	$	(2,938)	$	5,546

Derivatives Not Designated as Hedging Instruments


					Affected line item in the Statement of Operations
	Three Months Ended September 30,
	2022		2021
Currency contracts	$	28,645	$	12,863		Other income, net
Interest rate swaps	—		464			Other income, net
Total	$	28,645	$	13,327

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 815
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 815
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 815
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Sep. 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 $5,506 for the three months ended September 30, 2022:


	Gains on cash flow hedges (1)		Losses on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2022	$	5,179	$	(86)	$	(52,221)	$	(47,128)
Other comprehensive income (loss) before reclassifications	16,760		—		(6,835)		9,925
Amounts reclassified from accumulated other comprehensive loss to net loss	(2,938)		—		—		(2,938)
Net current period other comprehensive income (loss)	13,822		—		(6,835)		6,987
Balance as of September 30, 2022	$	19,001	$	(86)	$	(59,056)	$	(40,141)

________________________

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

Goodwill (Tables)

3 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

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


	Vista		PrintBrothers		The Print Group		All Other Businesses		Total
Balance as of June 30, 2022	$	291,498	$	130,828	$	143,969	$	200,305	$	766,600



Adjustments	—		—		—		225		225


Effect of currency translation adjustments (1)	(2,836)		(7,430)		(8,504)		—		(18,770)
Balance as of September 30, 2022	$	288,662	$	123,398	$	135,465	$	200,530	$	748,055

________________________

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

Other Balance Sheet Components (Tables)

3 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses included the following:


	September 30, 2022		June 30, 2022
Compensation costs	$	69,156	$	78,521
Income and indirect taxes	45,696		41,886
Advertising costs	26,534		25,925
Shipping costs	12,200		10,228
Third party manufacturing and digital content costs	16,290		15,790
Variable compensation incentives (1)	7,978		—
Sales returns	6,793		6,286
Purchases of property, plant and equipment	1,445		642
Professional fees	3,712		2,394
Interest payable (2)	13,076		2,477
Other	63,316		69,692
Total accrued expenses	$	266,196	$	253,841

______________________

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

Other Current Liabilities

Other current liabilities included the following:


	September 30, 2022		June 30, 2022
Current portion of finance lease obligations	$	6,452	$	6,684
Short-term derivative liabilities (1)	9,713		4,299


Other	16,896		17,052
Total other current liabilities	$	33,061	$	28,035

________________________

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

Other Liabilities

Other liabilities included the following:


	September 30, 2022		June 30, 2022
Long-term finance lease obligations	$	14,669	$	14,699
Long-term derivative liabilities	104		463


Long-term compensation incentives (1)	14,583		19,934
Other	27,087		29,298
Total other liabilities	$	56,443	$	64,394

________________________

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

Debt (Tables)

3 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt


	September 30, 2022		June 30, 2022
7.0% Senior Notes due 2026	$	600,000	$	600,000
Senior secured credit facility	1,076,279		1,097,302
Other	6,698		8,063
Debt issuance costs and debt premiums (discounts)	(18,548)		(19,417)
Total debt outstanding, net	1,664,429		1,685,948
Less: short-term debt (1)	9,900		10,386
Long-term debt	$	1,654,529	$	1,675,562

_____________________

(1) Balances as of September 30, 2022 and June 30, 2022 are inclusive of short-term debt issuance costs, debt premiums and discounts of $3,498 for both periods presented.

Noncontrolling interests (Tables)

3 Months Ended

Sep. 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, 2022	$	131,483



Accretion to redemption value (1)	2,725

Net income attributable to noncontrolling interests	700
Distributions to noncontrolling interests (2)	(3,652)


Foreign currency translation	(1,347)
Balance as of September 30, 2022	$	129,909

_________________

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

Segment Information (Tables)

3 Months Ended

Sep. 30, 2022

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.


	Three Months Ended September 30,
	2022		2021
Revenue:
Vista	$	369,369	$	349,480
PrintBrothers	132,699		125,357
The Print Group	76,823		72,820
National Pen	81,666		69,264
All Other Businesses	51,827		47,871
Total segment revenue	712,384		664,792
Inter-segment eliminations (1)	(8,969)		(7,193)
Total consolidated revenue	$	703,415	$	657,599

_____________________

(1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

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


	Three Months Ended September 30, 2022
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	266,486	$	—	$	—	$	49,447	$	43,292	$	359,225
Europe	70,496		132,382		74,991		24,945		—		302,814
Other	31,877		—		—		2,552		6,947		41,376
Inter-segment	510		317		1,832		4,722		1,588		8,969
Total segment revenue	369,369		132,699		76,823		81,666		51,827		712,384
Less: inter-segment elimination	(510)		(317)		(1,832)		(4,722)		(1,588)		(8,969)
Total external revenue	$	368,859	$	132,382	$	74,991	$	76,944	$	50,239	$	703,415


	Three Months Ended September 30, 2021
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	244,449	$	—	$	—	$	41,038	$	41,308	$	326,795
Europe	71,533		125,128		71,155		20,851		—		288,667
Other	32,796		—		—		3,533		5,808		42,137
Inter-segment	702		229		1,665		3,842		755		7,193
Total segment revenue	349,480		125,357		72,820		69,264		47,871		664,792
Less: inter-segment elimination	(702)		(229)		(1,665)		(3,842)		(755)		(7,193)
Total external revenue	$	348,778	$	125,128	$	71,155	$	65,422	$	47,116	$	657,599

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:


	Three Months Ended September 30,
	2022		2021
Segment EBITDA:
Vista	$	30,737	$	66,920
PrintBrothers	14,991		16,283
The Print Group	12,220		14,389
National Pen	(1,297)		(8,048)
All Other Businesses	6,178		4,891
Total segment EBITDA	62,829		94,435
Central and corporate costs	(34,578)		(34,153)
Depreciation and amortization	(40,942)		(44,432)




Certain impairments and other adjustments	(3,456)		780
Restructuring-related charges	(1,820)		309


Total (loss) income from operations	(17,967)		16,939
Other income, net	27,397		13,170
Interest expense, net	(24,806)		(25,688)

(Loss) income before income taxes	$	(15,376)	$	4,421

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated


	Three Months Ended September 30,
	2022		2021
Depreciation and amortization:
Vista	$	14,670	$	16,403
PrintBrothers	4,773		5,234
The Print Group	5,862		6,584
National Pen	5,891		5,908
All Other Businesses	4,516		5,042
Central and corporate costs	5,230		5,261
Total depreciation and amortization	$	40,942	$	44,432


	Three Months Ended September 30,
	2022		2021
Purchases of property, plant and equipment:
Vista	$	3,124	$	2,478
PrintBrothers	708		1,512
The Print Group	4,819		1,428
National Pen	1,601		1,188
All Other Businesses	1,068		1,515
Central and corporate costs	438		503
Total purchases of property, plant and equipment	$	11,758	$	8,624


	Three Months Ended September 30,
	2022		2021
Capitalization of software and website development costs:
Vista	$	6,635	$	7,572
PrintBrothers	389		232
The Print Group	490		426
National Pen	588		678
All Other Businesses	924		1,184
Central and corporate costs	6,304		5,547
Total capitalization of software and website development costs	$	15,330	$	15,639

Revenues and long-lived assets by geographic area

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


	September 30, 2022		June 30, 2022
Long-lived assets (1):
United States	$	90,481	$	95,589
Switzerland	71,901		72,394
Netherlands	69,353		67,240
Canada	57,730		58,498
Italy	45,239		48,262
France	23,431		25,383
Jamaica	18,341		18,744
Australia	17,838		17,751
Japan	10,489		11,392
Other	88,406		90,677
Total	$	493,209	$	505,930

___________________

Restructuring Charges (Tables)

3 Months Ended

Sep. 30, 2022

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

The following table summarizes the restructuring activity during the three months ended September 30, 2022.


	Severance and Related Benefits		Other Restructuring Costs		Accrued restructuring liability
Balance as of June 30, 2022	$	13,449	$	—	$	13,449
Restructuring charges	1,032		788		1,820
Cash payments	(7,931)		—		(7,931)
Non-cash charges (1)	(156)		(788)		(944)
Foreign currency translation	(419)		—		(419)
Balance as of September 30, 2022	$	5,975	$	—	$	5,975

________________

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	May 01, 2020
Accounting Policies [Line Items]
Accumulated other comprehensive loss	$ (40,141)	$ (67,187)	$ (47,128)
Retained earnings	385,972	515,869	414,138
Other income, net	27,397	13,170
(Loss) income before income taxes	(15,376)	4,421
Net loss	24,741	4,960
Net Income (Loss) Attributable to Parent	$ (25,441)	$ (6,698)
Basic and diluted net loss per share attributable to Cimpress plc	$ (0.97)	$ (0.26)
Diluted net loss per share attributable to Cimpress plc		$ (0.26)
Foreign currency translation losses, net of hedges	$ (8,182)	$ (183)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(6,835)	674
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(749)	174
Revenue	703,415	657,599
Cost of revenue (1)	377,735	338,989
Finance Lease, Principal Payments	2,412	2,526
Proceeds from the sale of assets	122	1,699
Marketable Securities, Current	101,726		49,952
Marketable securities, non-current	22,449		0
Total Marketable Securities	124,175		49,952
Unrealized Loss on Securities	(1,174)
Investments, Fair Value Disclosure	123,001		49,406
Unrealized Gain (Loss) on Investments		(546)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	28,645	13,327
Foreign Currency Transaction Gain (Loss), Realized	(197)	323
Other Nonoperating Gains (Losses)	(1,051)	(480)
Other Nonoperating Income (Expense)	27,397	13,170
Realized gain (loss) on derivatives not designated as hedging instruments	14,621	3,672
Unrealized gain on derivatives not designated as hedging instruments included in net loss	$ 14,024	$ 16,534
Weighted average shares outstanding — basic and diluted	26,178,818	26,072,249
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,688,813	530,011
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 60
Certain impairments and other adjustments	$ 3,456	$ 780
Previously Reported [Member]
Accounting Policies [Line Items]
Accumulated other comprehensive loss		(83,732)
Retained earnings		532,414
Other income, net		22,197
(Loss) income before income taxes		13,448
Net loss		(4,067)
Net Income (Loss) Attributable to Parent		$ 2,329
Basic and diluted net loss per share attributable to Cimpress plc		$ 0.09
Diluted net loss per share attributable to Cimpress plc		$ 0.09
Foreign currency translation losses, net of hedges		$ (9,210)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent		(8,353)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency		8,853
Other Nonoperating Income (Expense)		22,197
Revision of Prior Period, Error Correction, Adjustment [Member]
Accounting Policies [Line Items]
Accumulated other comprehensive loss		16,545
Retained earnings		(16,545)
Other income, net		9,027
(Loss) income before income taxes		(9,027)
Net loss		9,027
Net Income (Loss) Attributable to Parent		$ (9,027)
Basic and diluted net loss per share attributable to Cimpress plc		$ (0.35)
Diluted net loss per share attributable to Cimpress plc		$ (0.35)
Foreign currency translation losses, net of hedges		$ 9,027
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent		9,027
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency		(9,027)
Other Nonoperating Income (Expense)		$ 9,027
Commercial Paper
Accounting Policies [Line Items]
Marketable Securities, Current	50,608
Unrealized Loss on Securities	(261)
Investments, Fair Value Disclosure	50,347
Corporate Debt Securities
Accounting Policies [Line Items]
Marketable Securities, Current	51,118		49,952
Marketable securities, non-current	13,239
US Government Debt Securities [Member]
Accounting Policies [Line Items]
Marketable securities, non-current	$ 9,210
Warrant [Member]
Accounting Policies [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,055,377	409,561
Foreign Exchange Forward [Member]
Accounting Policies [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 28,645	$ 12,863
Currency Swap [Member]
Accounting Policies [Line Items]
Accumulated other comprehensive loss	15,079
Interest Rate Swap [Member]
Accounting Policies [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	464
Marketable securities, current [Member]
Accounting Policies [Line Items]
Unrealized Loss on Securities	779
Investments, Fair Value Disclosure	100,947
Marketable securities, current [Member] \| Corporate Debt Securities
Accounting Policies [Line Items]
Unrealized Loss on Securities	518	$ 546
Investments, Fair Value Disclosure	50,600		$ 49,406
Marketable securities, noncurrent [Member] \| Corporate Debt Securities
Accounting Policies [Line Items]
Unrealized Loss on Securities	271
Investments, Fair Value Disclosure	12,968
Marketable securities, noncurrent [Member] \| US Government Debt Securities [Member]
Accounting Policies [Line Items]
Unrealized Loss on Securities	124
Investments, Fair Value Disclosure	$ 9,086

Summary of Significant Accounting Policies Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	May 01, 2020
Change in Accounting Estimate [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 60
Share-based compensation expense	$ 10,631	$ 11,006
Weighted average shares outstanding — basic and diluted	26,178,818	26,072,249
Warrant [Member]
Change in Accounting Estimate [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,055,377	409,561

Summary of Significant Accounting Policies Other Income and Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Change in Accounting Estimate [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 28,645	$ 13,327
Foreign Currency Transaction Gain (Loss), Realized	(197)	323
Other Nonoperating Gains (Losses)	(1,051)	(480)
Other income, net	$ 27,397	$ 13,170

Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2022 USD ($) instrument	Jun. 30, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		$ 45,585
Long-term Debt, Gross	$ 1,682,977	1,705,365
Debt Instrument, Fair Value Disclosure	1,511,108	1,600,627
Total Marketable Securities	124,175	49,952
Investments, Fair Value Disclosure	123,001	49,406
Fair value, recurring measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	77,825
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,409	960
Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	26,995	20,638
Derivative Liability	$ (1,409)	(505)
Derivative, Number of Instruments Held \| instrument	559
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 28,209	14,336
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 Asset, Fair Value, Gross Asset	$ 3,448
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	19,173	10,611
Financial and Nonfinancial Liabilities, Fair Value Disclosure		9
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	54,551	35,052
Derivative Liability	(1,409)	(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	19,173	10,612
Foreign Currency Contract, Asset, Fair Value Disclosure	19,173	10,611
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		45,585
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	77,825
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,409	960
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	26,995	20,638
Derivative Liability	(1,409)	(505)
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	28,209	14,336
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 Asset, Fair Value, Gross Asset	$ 3,448
Derivative Liability		(446)
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		10,611
Financial and Nonfinancial Liabilities, Fair Value Disclosure		$ 9

Derivative Financial Instruments (Details) $ in Thousands	3 Months Ended
Derivative Financial Instruments (Details) $ in Thousands	Sep. 30, 2022 USD ($) instrument	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset			$ 45,585
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	$ 16,760	$ (1,925)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	6,987
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	28,645	13,327
AOCI Tax, Attributable to Parent	5,506
Accumulated other comprehensive loss	(40,141)	(67,187)	(47,128)
Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	19,173		10,611
Net Investment Hedging [Member]
Derivative [Line Items]
Accumulated other comprehensive loss	76,073		56,743
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	28,209		14,336
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	$ (6,490)
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	12,954	519
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	464
Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	26,995		20,638
Derivative Liability	$ (1,409)		(505)
Derivative, Number of Instruments Held \| instrument	559
Derivative, Notional Amount	$ 675,605
Derivative, Underlying Basis	Various
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 28,645	12,863
Currency Swap [Member]
Derivative [Line Items]
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value	0		(446)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	2,132
Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges	3,806	(2,444)
Accumulated other comprehensive loss	$ 15,079
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), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	0	3,492
Loans
Derivative [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	12,951	9,027
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	13,822
Accumulated other comprehensive loss	19,001		5,179
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	397	2,497
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	(3,742)	3,987
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	2,938	(5,546)
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	3,345	(6,484)
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	407	(938)
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	31,657		14,336
Derivative Asset, Fair Value, Gross Liability	0		0
Derivative Liability, Fair Value, Gross Liability	0		(446)
Derivative Liability, Fair Value, Gross Asset	0		0
Derivative Liability	0		(446)
Interest Rate Cash Flow Hedge Asset at Fair Value	31,657		14,336
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	29,711	$ 10,594
Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	28,209		14,336
Derivative Asset, Fair Value, Gross Liability	0		0
Derivative Liability, Fair Value, Gross Liability	0		0
Derivative Liability, Fair Value, Gross Asset	0		0
Interest Rate Cash Flow Hedge Liability at Fair Value	0		0
Interest Rate Cash Flow Hedge Asset at Fair Value	28,209		14,336
Designated as Hedging Instrument [Member] \| Currency Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	3,448		0
Derivative Asset, Fair Value, Gross Liability	0		0
Derivative Liability, Fair Value, Gross Liability	0		(446)
Derivative Liability, Fair Value, Gross Asset	0		0
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	54,551		35,052
Derivative Asset, Fair Value, Gross Liability	8,383		3,803
Derivative Liability, Fair Value, Gross Liability	1,435		514
Derivative Liability, Fair Value, Gross Asset	26		0
Derivative Liability	(1,409)		(514)
Derivative Asset	46,168		31,249
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	19,173		10,612
Derivative Asset, Fair Value, Gross Liability	0		1
Derivative Liability, Fair Value, Gross Liability	0		9
Derivative Liability, Fair Value, Gross Asset	0		0
Foreign Currency Contract, Asset, Fair Value Disclosure	19,173		10,611
Foreign Currency Contracts, Liability, Fair Value Disclosure	0		(9)
Not Designated as Hedging Instrument [Member] \| Forward Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	35,378		24,440
Derivative Asset, Fair Value, Gross Liability	8,383		3,802
Derivative Liability, Fair Value, Gross Liability	1,435		505
Derivative Liability, Fair Value, Gross Asset	26		0
Foreign Currency Contract, Asset, Fair Value Disclosure	26,995		20,638
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ (1,409)		$ (505)
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

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent	$ 5,506
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	(40,141)	$ (47,128)	$ (67,187)
Other comprehensive income (loss) before reclassifications	(9,925)
Amounts reclassified from accumulated other comprehensive loss to net loss	2,938
Net current period other comprehensive income (loss)	6,987
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	19,001	5,179
Other comprehensive income (loss) before reclassifications	16,760
Amounts reclassified from accumulated other comprehensive loss to net loss	(2,938)
Net current period other comprehensive income (loss)	13,822
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	(59,056)	(52,221)
Other comprehensive income (loss) before reclassifications	(6,835)
Net current period other comprehensive income (loss)	(6,835)
Net Investment Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	76,073	56,743
Currency Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	15,079
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	(86)	$ (86)
Other comprehensive income (loss) before reclassifications	$ 0

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Goodwill [Line Items]
Goodwill	$ 748,055		$ 766,600
Goodwill, Purchase Accounting Adjustments	225
Goodwill, Foreign Currency Translation Gain (Loss)	(18,770)
Amortization of acquired intangible assets	12,350	$ 13,458
Vista [Member]
Goodwill [Line Items]
Goodwill	288,662		291,498
Goodwill, Foreign Currency Translation Gain (Loss)	(2,836)
PrintBrothers [Member]
Goodwill [Line Items]
Goodwill	123,398		130,828
Goodwill, Foreign Currency Translation Gain (Loss)	(7,430)
The Print Group [Member]
Goodwill [Line Items]
Goodwill	135,465		143,969
Goodwill, Foreign Currency Translation Gain (Loss)	(8,504)
All Other Businesses [Member]
Goodwill [Line Items]
Goodwill	200,530		$ 200,305
Goodwill, Purchase Accounting Adjustments	$ 225

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Schedule of other current liabilities [Line Items]
Compensation costs	$ 69,156	$ 78,521
Income and indirect taxes	45,696	41,886
Accrued Advertising	26,534	25,925
Shipping costs	12,200	10,228
Variable compensation incentives	7,978
Interest Payable	13,076	2,477
Production costs	16,290	15,790
Sales returns	6,793	6,286
Professional costs	3,712	2,394
Purchases of property, plant and equipment	1,445	642
Other	63,316	69,692
Accrued Liabilities	$ 266,196	$ 253,841

Other Current Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Schedule of other current liabilities [Line Items]
Finance Lease, Liability, Current	$ 6,452		$ 6,684
Derivative Liability, Current	9,713		4,299
Other current liabilities	33,061		28,035
Payments of purchase consideration included in acquisition-date fair value	$ 225	$ 0
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities
Other Current Liabilities [Member]
Schedule of other current liabilities [Line Items]
Other current liabilities	$ 16,896		$ 17,052

Other Balance Sheet Components Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Separate Account, Liability [Line Items]
Finance Lease, Liability, Noncurrent	$ 14,669	$ 14,699
Other liabilities	$ 56,443	64,394
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Other Noncurrent Liabilities [Member]
Separate Account, Liability [Line Items]
Derivative Liability, Noncurrent	$ 104	463
Deferred Compensation Liability, Classified, Noncurrent	14,583	19,934
Other liabilities	$ 27,087	$ 29,298

Debt (Details) € in Thousands, $ in Thousands		3 Months Ended
Debt (Details) € in Thousands, $ in Thousands	Feb. 13, 2020 USD ($)	Sep. 30, 2022 USD ($) Rate	Sep. 30, 2022 EUR (€) Rate	Jun. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Senior Notes		$ 600,000		$ 600,000
Debt, Long-term and Short-term, Combined Amount		1,664,429		1,685,948
Other Long-term Debt		6,698		8,063
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		(18,548)		(19,417)
Short-term debt		9,900		10,386
Long-term debt		$ 1,654,529		1,675,562
Document period end date		Sep. 30, 2022
Short-term Debt [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Unamortized Discount		$ 3,498
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 250,000
Description of variable rate basis		0
Weighted average interest rate \| Rate		5.80%	5.80%
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
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		$ 1,076,279		$ 1,097,302

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 9,365	$ 9,381
Unrecognized Tax Benefits	14,468
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	7,620
Valuation Allowance [Line Items]
Income tax expense	9,365	$ 9,381
Unrecognized Tax Benefits, Income Tax Penalties Expense	1,500
SWITZERLAND \| SEC Schedule, 12-09, Valuation Allowance, Operating Loss Carryforward
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	15,060
SWITZERLAND \| SEC Schedule, 12-09, Valuation Allowance, Other Tax Carryforward
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards	99,924
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	360
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 410

Noncontrolling interests (Details) - USD ($) $ in Thousands	3 Months Ended
Noncontrolling interests (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Jun. 06, 2019
Noncontrolling Interest [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest	$ 129,909		$ 131,483
Net Income (Loss) Attributable to Noncontrolling Interest	700	$ 1,738
Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest	(1,347)
Noncontrolling Interest, Change in Redemption Value	2,075
Redeemable Noncontrolling Interest, Equity, Redemption Value	88,991
Redeemable noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	3,652
Temporary Equity, Accretion to Redemption Value, Adjustment	2,725
PrintBrothers [Member]
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Redemption Value	84,266
All Other Businesses [Member]
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 4,726
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%

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments	5
Revenue	$ (703,415)	$ (657,599)
Other Operating Income	62,829	94,435
Depreciation and amortization	40,942	44,432
Certain impairments and other adjustments	3,456	780
Restructuring expense (1)	1,820	309
Total (loss) income from operations	(17,967)	16,939
Other income, net	27,397	13,170
Interest expense, net	(24,806)	(25,688)
(Loss) income before income taxes	(15,376)	4,421
Property, Plant and Equipment, Additions	11,758	8,624
Capitalization of software and website development costs	15,330	15,639
Long-lived assets	493,209		$ 505,930
Goodwill	748,055		766,600
Intangible assets, net	139,864		154,730
Deferred tax assets	114,020		113,088
Marketable securities, non-current	22,449		0
North America [Member]
Segment Reporting Information [Line Items]
Revenue	(359,225)	(326,795)
Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(302,814)	(288,667)
Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(41,376)	(42,137)
UNITED STATES
Segment Reporting Information [Line Items]
Long-lived assets	90,481		95,589
Netherlands [Member]
Segment Reporting Information [Line Items]
Long-lived assets	69,353		67,240
Canada [Member]
Segment Reporting Information [Line Items]
Long-lived assets	57,730		58,498
Switzerland
Segment Reporting Information [Line Items]
Long-lived assets	71,901		72,394
ITALY
Segment Reporting Information [Line Items]
Long-lived assets	45,239		48,262
FRANCE
Segment Reporting Information [Line Items]
Long-lived assets	23,431		25,383
Jamaica [Member]
Segment Reporting Information [Line Items]
Long-lived assets	18,341		18,744
Australia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	17,838		17,751
JAPAN
Segment Reporting Information [Line Items]
Long-lived assets	10,489		11,392
Other Countries [Member]
Segment Reporting Information [Line Items]
Long-lived assets	88,406		90,677
Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(368,859)	(348,778)
Other Operating Income	30,737	66,920
Depreciation and amortization	14,670	16,403
Property, Plant and Equipment, Additions	3,124	2,478
Capitalization of software and website development costs	6,635	7,572
Goodwill	288,662		291,498
Revision of segment costs [Line Items]		1,119
Vista [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(266,486)	(244,449)
Vista [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(70,496)	(71,533)
Vista [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(31,877)	(32,796)
PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(132,382)	(125,128)
Other Operating Income	14,991	16,283
Depreciation and amortization	4,773	5,234
Property, Plant and Equipment, Additions	708	1,512
Capitalization of software and website development costs	389	232
Goodwill	123,398		130,828
PrintBrothers [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	0	0
PrintBrothers [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(132,382)	(125,128)
The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(74,991)	(71,155)
Other Operating Income	12,220	14,389
Depreciation and amortization	5,862	6,584
Property, Plant and Equipment, Additions	4,819	1,428
Capitalization of software and website development costs	490	426
Goodwill	135,465		143,969
The Print Group [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	0	0
The Print Group [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(74,991)	(71,155)
National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(76,944)	(65,422)
Other Operating Income	(1,297)	(8,048)
Depreciation and amortization	5,891	5,908
Property, Plant and Equipment, Additions	1,601	1,188
Capitalization of software and website development costs	588	678
National Pen [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(49,447)	(41,038)
National Pen [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(24,945)	(20,851)
National Pen [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(2,552)	(3,533)
All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	(50,239)	(47,116)
Other Operating Income	6,178	4,891
Depreciation and amortization	4,516	5,042
Property, Plant and Equipment, Additions	1,068	1,515
Capitalization of software and website development costs	924	1,184
Goodwill	200,530		$ 200,305
All Other Businesses [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(43,292)	(41,308)
All Other Businesses [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	0	0
All Other Businesses [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(6,947)	(5,808)
Corporate and Other
Segment Reporting Information [Line Items]
Other Operating Income	(34,578)	(34,153)
Depreciation and amortization	5,230	5,261
Property, Plant and Equipment, Additions	438	503
Capitalization of software and website development costs	6,304	5,547
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	(712,384)	(664,792)
Operating Segments [Member] \| Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(369,369)	(349,480)
Operating Segments [Member] \| PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(132,699)	(125,357)
Operating Segments [Member] \| The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(76,823)	(72,820)
Operating Segments [Member] \| National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(81,666)	(69,264)
Operating Segments [Member] \| All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	(51,827)	(47,871)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	(8,969)	(7,193)
Intersegment Eliminations [Member] \| Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(510)	(702)
Intersegment Eliminations [Member] \| PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(317)	(229)
Intersegment Eliminations [Member] \| The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(1,832)	(1,665)
Intersegment Eliminations [Member] \| National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(4,722)	(3,842)
Intersegment Eliminations [Member] \| All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	$ (1,588)	$ (755)

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	$ 251,011
Amounts accrued related to business acquisitions	8,463	$ 44,852
Third-party web services [Domain]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	80,997
Inventories [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	86,678
Software and Software Development Costs
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	42,238
Advertising Purchase Commitment [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	15,181
Production and Computer Equipment [Domain]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	5,952
Professional Fees [Domain]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	5,019
Other purchase commitments [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded unconditional purchase obligation	$ 14,946

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 5,975		$ 13,449
Restructuring Charges	1,820	$ 309
Payments for Restructuring	(7,931)
Restructuring Reserve, Settled without Cash	(944)
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	419
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	5,975		13,449
Restructuring Charges	1,032
Payments for Restructuring	(7,931)
Restructuring Reserve, Settled without Cash	(156)
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	419
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve			$ 0
Restructuring Charges	788
Restructuring Reserve, Settled without Cash	$ (788)