0001262976-24-000115 | 10-Q | XBRL Viewer

Debt

3 Months Ended

Sep. 30, 2024


	September 30, 2024		June 30, 2024
7.375% Senior Notes due 2032 (1)	$	525,000	$	—
7.0% Senior Notes due 2026 (1)	—		522,135
Senior secured credit facility	1,083,880		1,084,627
Other	8,577		9,845
Debt issuance costs and discounts, net of debt premiums (2)	(21,275)		(12,312)
Total debt outstanding, net	1,596,182		1,604,295
Less: short-term debt (3)	10,532		12,488
Long-term debt	$	1,585,650	$	1,591,807

_____________________

(1) On September 26, 2024, we completed a private placement of $525,000 in aggregate principal amount of 7.375% Senior Notes due 2032. We used the net proceeds of this offering plus cash on hand to redeem the $522,135 of our 7.0% Senior Notes due 2026 and pay the associated interest and financing fees.

(2) During the three months ended September 30, 2024, we capitalized $9,682 in debt issuance costs, which related to the private placement of our 7.375% Senior Notes due 2032, as well as the amendment to our senior secured credit facility. We wrote-off $2,187 of unamortized costs, which was offset by the write-off of $2,525 of debt premium related to the redemption of our 7.0% Senior Notes due 2026. Refer to the description below for additional details.

(3) Balances as of September 30, 2024 and June 30, 2024 are inclusive of short-term debt issuance costs, debt premiums and discounts of $4,507 and $3,492, respectively.

Our various debt arrangements described below contain customary representations, warranties, and events of default. As of September 30, 2024, we were in compliance with all covenants in our debt contracts, including those under our amended and restated senior secured credit agreement dated as of May 17, 2021 (as further amended from time to time, the "Restated Credit Agreement") and the indenture governing our 2032 Notes.

Senior Secured Credit Facility

On September 26, 2024, we entered into an amendment to our Restated Credit Agreement to extend the maturity date of our senior secured revolving credit facility to September 26, 2029 (subject to a springing maturity to the date that is 91 days prior to the maturity date of the term loan facility if the term loan facility has not been extended, repaid or refinanced on or prior to such date) and reduced the related credit spread and commitment fee on unused balances.

Our Restated Credit Agreement consists of the following as of September 30, 2024:

•a $1,032,311 USD Tranche that bears interest at Term SOFR (with a Term SOFR rate floor of 0.50%) plus 3.00%,

•a €46,172 (U.S. dollar equivalent of $51,569) Euro Tranche that currently 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 September 26, 2029 (the “Revolving Credit Facility”), with no outstanding borrowings for any periods presented.

◦Borrowings under the Revolving Credit Facility bear interest at Term SOFR (with a Term SOFR rate floor of 0%) plus 2.25% 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, 2024, the weighted-average interest rate on outstanding borrowings under the Restated Credit Agreement was 7.37%, inclusive of interest rate swap rates. We are also required to pay a commitment fee for our Revolving Credit Facility on unused balances of 0.30% 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 under our Restated Credit Agreement.

Senior Notes

On September 26, 2024, we completed a private placement of $525,000 in aggregate principal amount of 7.375% senior unsecured notes due 2032 (the "2032 Notes"). We issued the 2032 Notes pursuant to a senior notes indenture dated as of September 26, 2024, among Cimpress plc, our subsidiary guarantors, and U.S Bank Trust Company, as trustee (the "Indenture"). We used the net proceeds from the 2032 Notes, together with cash on hand, to redeem all of the outstanding 7.0% senior unsecured notes due 2026 (the "2026 Notes") at a redemption price equal to par of the principal amount, to pay all accrued unpaid interest thereon, and to pay all fees and expenses related to the redemption and offering. As a result of the redemption, we incurred a gain on the extinguishment of debt of $338 which included the write-off of the associated unamortized debt premium of $2,525 which was partially offset by the write-off of unamortized debt issuance costs of $2,187.

The 2032 Notes bear interest at a rate of 7.375% per annum and mature on September 15, 2032. Interest on the 2032 Notes is payable semi-annually on March 15 and September 15 of each year, commencing on March 15, 2025, to the holders of record of the 2032 Notes at the close of business on March 1 or September 1, respectively, preceding such interest payment date.

The 2032 Notes are senior unsecured obligations and rank equally in right of payment to all our existing and future senior unsecured debt and senior in right of payment to all of our existing and future subordinated debt. The 2032 Notes are effectively subordinated to any of our existing and future secured debt to the extent of the value of the assets securing such debt. Subject to certain exceptions, each of our existing and future subsidiaries that is a borrower under or guarantees our senior secured credit facilities guarantees the 2032 Notes.

The Indenture under which the 2032 Notes are issued contains various covenants, including covenants that, subject to certain exceptions, limit our restricted subsidiaries’ ability to: incur and/or guarantee additional debt; pay dividends, repurchase shares or make certain other restricted payments; enter into agreements limiting dividends and certain other restricted payments; prepay, redeem or repurchase subordinated debt; grant liens on assets; merge, consolidate or transfer or dispose of substantially all of our consolidated assets; sell, transfer or otherwise dispose of property and assets; and engage in transactions with affiliates.

At any time prior to September 15, 2027, we may redeem some or all of the 2032 Notes at a redemption price equal to 100% of the principal amount redeemed, plus a make-whole amount as set forth in the Indenture, plus, in each case, accrued and unpaid interest and Additional Amounts (as defined in the Indenture), if any, to, but not including, the redemption date. In addition, at any time prior to September 15, 2027, Cimpress may on any one or more occasions redeem up to 40% of the original aggregate principal amount of the Notes with the net proceeds of certain equity offerings by Cimpress at a redemption price equal to 107.375% of the principal amount thereof, plus accrued and unpaid interest and Additional Amounts, if any (which accrued and unpaid interest and Additional Amounts need not be funded with such proceeds), to, but not including, the redemption date. At any time on or after September 15, 2027, Cimpress may redeem some or all of the Notes at the redemption prices specified in the Indenture, plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the redemption date.

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, 2024 and June 30, 2024, we had $8,577 and $9,845, respectively, outstanding for those obligations that are payable through September 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

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-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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+ Details

Derivative Financial Instruments (Tables)

3 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Our interest rate swap contracts have varying start and maturity dates through April 2028.


Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of September 30, 2024 (1)	$	215,000
Contracts with a future start date	430,000
Total	$	645,000

________________________

(1) Based on contracts outstanding as of September 30, 2024, the notional value of our contracted interest rate swaps accruing interest will fluctuate between $215,000 and $380,000 through April 2028 based on layered start dates and maturities.

Schedule of Notional Amounts of Outstanding Derivative Positions

As of September 30, 2024, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were primarily used to hedge fluctuations in the U.S. dollar value of forecasted transactions or balances denominated in Australian Dollar, Canadian Dollar, Czech Koruna, Danish Krone, Euro, GBP, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, Philippine Peso, Swiss Franc and Swedish Krona:

Notional Amount

Effective Date

Maturity Date

Number of Instruments

Index

$806,847

December 2022 through September 2024

Various dates through September 2026

655

Various

Derivative Instruments in Statement of Financial Position, Fair Value

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, 2024 and June 30, 2024. Our derivative asset and liability balances fluctuate with interest rate and currency exchange rate volatility.


	September 30, 2024
	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	$	10,529	$	(387)	$	10,142	Other current liabilities / other liabilities	$	—	$	—	$	—


Derivatives in net investment hedging relationships
Cross-currency swaps	Other assets	—		—		—		Other liabilities	(8,535)		—		(8,535)

Total derivatives designated as hedging instruments		$	10,529	$	(387)	$	10,142		$	(8,535)	$	—	$	(8,535)

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	$	17	$	—	$	17	Other current liabilities / other liabilities	$	(13,375)	$	667	$	(12,708)
Currency option contracts	Other current assets / other assets	—		—		—		Other current liabilities / other liabilities	(4,904)		—		(4,904)
Total derivatives not designated as hedging instruments		$	17	$	—	$	17		$	(18,279)	$	667	$	(17,612)


	June 30, 2024
	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	$	18,830	$	—	$	18,830	Other liabilities	$	—	$	—	$	—

Derivatives in net investment hedging relationships
Cross-currency swaps	Other assets	1,043		—		1,043		Other liabilities	—		—		—

Total derivatives designated as hedging instruments		$	19,873	$	—	$	19,873		$	—	$	—	$	—

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	$	5,549	$	(1,907)	$	3,642	Other current liabilities / other liabilities	$	(1,084)	$	228	$	(856)
Currency option contracts	Other current assets / other assets	212		(75)		137		Other current liabilities / other liabilities	(2,351)		171		(2,180)
Total derivatives not designated as hedging instruments		$	5,761	$	(1,982)	$	3,779		$	(3,435)	$	399	$	(3,036)

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

The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive loss, net of tax, for the three months ended September 30, 2024 and 2023.


	Three Months Ended September 30,
	2024		2023
Derivatives in cash flow hedging relationships
Interest rate swaps	$	(8,399)	$	6,131
Cross-currency swaps	—		1,548
Derivatives in net investment hedging relationships

Intercompany loan	(2,129)		5,775
Currency forward contracts	—		(1,080)
Total	$	(10,528)	$	12,374

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, 2024 and 2023.


	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,
	2024		2023
Derivatives in cash flow hedging relationships
Interest rate swaps	$	321	$	(2,223)		Interest expense, net
Cross-currency swaps	—		(1,936)			Other (expense) income, net
Total before income tax	321		(4,159)			(Loss) income before income taxes
Income tax	(37)		611			Income tax expense
Total	$	284	$	(3,548)

Derivatives Not Designated as Hedging Instruments

The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the three months ended September 30, 2024 and 2023 for derivative instruments for which we did not elect hedge accounting.


	Amount of Gain (Loss) Recognized in Net Income (Loss)				Affected line item in the Statement of Operations
	Three Months Ended September 30,
	2024		2023
Currency contracts	$	(20,569)	$	8,312		Other (expense) income, net

Total	$	(20,569)	$	8,312

- 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 + Details

Consolidated Statement of Shareholders' Deficit Statement - USD ($) $ in Thousands	Total	Ordinary Shares	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning balance, Shares at Jun. 30, 2023		(44,316,000)	(17,971,000)
Beginning balance, Value at Jun. 30, 2023	$ 623,145	$ (615)	$ 1,363,550	$ (539,454)	$ (235,396)	$ 35,060
Issuance of ordinary shares due to share option exercises, net of shares withheld for taxes		2,000
Proceeds from issuance of ordinary shares	82	$ 82
Share-based awards vested, net of shares withheld for taxes		236,000
Share-based awards vested, net of shares withheld for taxes	(8,403)			(8,403)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	12,621			12,621
Net Income (Loss) Attributable to Parent	4,554				4,554
Noncontrolling interest accretion to redemption value recognized in retained earnings	(330)				330
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	4,131					4,131
Foreign currency translation, net of hedges	(3,693)					(3,693)
Ending balance, Shares at Sep. 30, 2023		(44,554,000)	(17,971,000)
Ending balance, Value at Sep. 30, 2023	614,183	$ (615)	$ 1,363,550	(543,754)	(239,620)	34,622
Beginning balance, Shares at Jun. 30, 2024		(43,051,000)	(17,971,000)
Beginning balance, Value at Jun. 30, 2024	550,146	$ (604)	$ 1,363,550	(570,283)	(272,881)	30,364
Issuance of ordinary shares due to share option exercises, net of shares withheld for taxes		22,000
Proceeds from issuance of ordinary shares	$ 1,000	$ 1,000
Stock Repurchased and Cancelled During Period, Shares	(123,325)	(123,000)
Stock Repurchased and Cancelled During Period, Value	$ (10,620)	$ (1)		(1,713)	(8,906)
Share-based awards vested, net of shares withheld for taxes		282,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value		$ 3
Share-based awards vested, net of shares withheld for taxes	(12,948)			(12,951)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	16,573			16,573
Net Income (Loss) Attributable to Parent	(12,549)				(12,549)
Noncontrolling interest accretion to redemption value recognized in retained earnings	(503)				503
Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges	(8,115)					(8,115)
Foreign currency translation, net of hedges	6,319					6,319
Ending balance, Shares at Sep. 30, 2024		(43,232,000)	(17,971,000)
Ending balance, Value at Sep. 30, 2024	$ 570,989	$ (606)	$ 1,363,550	$ (573,192)	$ (250,923)	$ 32,160

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accumulated Other Comprehensive Loss (Details)
$ in Thousands

3 Months Ended

Sep. 30, 2024

USD ($)

Accumulated Other Comprehensive Income (Loss) [Line Items]

AOCI Tax, Attributable to Parent

$ 251

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Accumulated Other Comprehensive Loss, Beginning Balance

30,364

Other comprehensive (loss) income before reclassifications

(2,080)

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

284

Net current period other comprehensive (loss) income

(1,796)

Accumulated Other Comprehensive Loss, Ending Balance

32,160

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

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Accumulated Other Comprehensive Loss, Beginning Balance

(10,789)

Other comprehensive (loss) income before reclassifications

8,399

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

284

Net current period other comprehensive (loss) income

(8,115)

Accumulated Other Comprehensive Loss, Ending Balance

(2,674)

^[1]

Accumulated Translation Adjustment [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Accumulated Other Comprehensive Loss, Beginning Balance

40,447

Other comprehensive (loss) income before reclassifications

(6,319)

Net current period other comprehensive (loss) income

(6,319)

Accumulated Other Comprehensive Loss, Ending Balance

34,128

^[2]

Net Investment Hedging [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Accumulated Other Comprehensive Loss, Beginning Balance

(48,270)

Accumulated Other Comprehensive Loss, Ending Balance

(39,415)

Currency Swap [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Accumulated Other Comprehensive Loss, Beginning Balance

(15,042)

Accumulated Other Comprehensive Loss, Ending Balance

(8,751)

Pension Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Accumulated Other Comprehensive Loss, Beginning Balance

706

Other comprehensive (loss) income before reclassifications

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

Net current period other comprehensive (loss) income

Accumulated Other Comprehensive Loss, Ending Balance

$ 706

[1]

Gains on cash flow hedges include our interest rate swap contracts designated in cash flow hedging relationships.

[2]

As of September 30, 2024 and June 30, 2024, the translation adjustment is inclusive of both the realized and unrealized effects of our net investment hedges. Gains on currency forward and swap contracts designated as net investment hedges, net of tax, of $8,751 and $15,042 have been included in accumulated other comprehensive loss as of September 30, 2024 and June 30, 2024. Intercompany loan hedge gains, net of tax, of $39,415 and $48,270 have been included in accumulated other comprehensive loss as of September 30, 2024 and June 30, 2024, respectively.

Segment Information

3 Months Ended

Sep. 30, 2024

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, 2024, we have numerous operating segments under our management reporting structure which are reported in the following five reportable segments:

•Vista - Consists of the operations of our VistaPrint branded websites in North America, Western Europe, Australia, New Zealand, India, and Singapore. This business also includes our 99designs by Vista business, which provides graphic design services, VistaCreate for do-it-yourself (DIY) design, our Vista x Wix partnership for small business websites, and our Vista Corporate Solutions business, which serves medium-sized businesses and large corporations.

•PrintBrothers - Includes the results of druck.at, Printdeal, and WIRmachenDRUCK, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in Austria, Belgium, Germany, the Netherlands, and Switzerland.

•The Print Group - Includes the results of Easyflyer, Exaprint, Packstyle, Pixartprinting, and Tradeprint, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in France, Italy, Spain, and the United Kingdom.

•National Pen - Serves small businesses across geographies including North America, Europe, and Australia. The pens.com branded business sells through their ecommerce site and is supported by digital marketing methods as well as direct mail and telesales. National Pen focuses on customized writing instruments and promotional products, apparel, and gifts for small- and medium-sized businesses.

•All Other Businesses - Includes two businesses grouped together based on materiality.

◦BuildASign is a provider of canvas-print wall décor, business signage and other large-format printed products.

◦Printi, a smaller business that is an online printing leader in Brazil.

For purposes of measuring and reporting our segment financial performance, we implemented changes to the methodology used for inter-segment transactions during the first quarter of fiscal 2025. These transactions occur when one Cimpress business chooses to buy from or sell to another Cimpress business. Under the new approach, a merchant business (the buyer) is cross charged the actual cost of fulfillment that includes product (e.g., labor, materials and overhead allocation) and shipping costs. A fulfiller business (the seller) receives inter-segment revenue that includes the product costs plus a markup, as well as the shipping costs. The fulfiller profit is included in the fulfiller’s segment results, but eliminated from consolidated reporting through an inter-segment EBITDA elimination. The new approach allows our merchant businesses to access the ultimate Cimpress cost of fulfillment for a given product and therefore that ultimate Cimpress cost can be used to determine pricing, advertising spend, and other operational decisions. Prior to this change, inter-segment transactions were based on marked-up pricing that resulted in the merchant business recognizing inter-segment cost of goods sold that was equal to inter-segment revenue that were recognized by the fulfiller business, as such there was no inter-segment EBITDA elimination under our prior method. We have recast all prior periods presented for segment revenue and segment EBITDA to ensure comparability with the current fiscal year. These changes in methodology have no impact on our consolidated financial results.

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 fair value 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 this amount as a result of the fair value measurement of the PSUs and the accelerated expense profile of the awards is recognized within central and corporate costs.

Our definition of segment EBITDA is GAAP operating income excluding certain items, such as depreciation and amortization, expense recognized for contingent earn-out related charges including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges. We include insurance proceeds that are not recognized within operating income. We do not allocate non-operating income, including realized gains and losses on currency hedges, to our segment results.

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

Revenue by segment is based on the business-specific websites or sales channel through which the customer’s order was transacted. The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.


	Three Months Ended September 30,
	2024		2023 (1)
Revenue:
Vista	$	429,494	$	396,850
PrintBrothers	160,415		152,573
The Print Group	84,072		79,437
National Pen	93,404		86,796
All Other Businesses	57,143		51,425
Total segment revenue	824,528		767,081
Inter-segment eliminations (2)	(19,559)		(9,787)
Total consolidated revenue	$	804,969	$	757,294

_____________________

(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.

(2) 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, 2024
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	309,175	$	—	$	—	$	52,287	$	43,368	$	404,830
Europe	95,657		159,368		80,907		32,007		—		367,939
Other	23,759		—		—		1,442		6,999		32,200
Inter-segment	903		1,047		3,165		7,668		6,776		19,559
Total segment revenue	429,494		160,415		84,072		93,404		57,143		824,528
Less: inter-segment elimination	(903)		(1,047)		(3,165)		(7,668)		(6,776)		(19,559)
Total external revenue	$	428,591	$	159,368	$	80,907	$	85,736	$	50,367	$	804,969


	Three Months Ended September 30, 2023
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	289,055	$	—	$	—	$	52,735	$	42,214	$	384,004
Europe	85,407		151,542		77,802		27,737		—		342,488
Other	21,890		—		—		1,377		7,535		30,802
Inter-segment (1)	498		1,031		1,635		4,947		1,676		9,787
Total segment revenue (1)	396,850		152,573		79,437		86,796		51,425		767,081
Less: inter-segment elimination (1)	(498)		(1,031)		(1,635)		(4,947)		(1,676)		(9,787)
Total external revenue	$	396,352	$	151,542	$	77,802	$	81,849	$	49,749	$	757,294

_____________________

(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.

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


	Three Months Ended September 30,
	2024		2023 (1)
Segment EBITDA:
Vista	$	76,847	$	78,578
PrintBrothers	20,156		20,210
The Print Group	17,902		12,507
National Pen	(4,758)		(8,762)
All Other Businesses	6,735		6,018
Inter-segment elimination	(5,500)		(2,538)
Total segment EBITDA	111,382		106,013
Central and corporate costs	(37,012)		(31,780)
Depreciation and amortization	(35,546)		(39,942)




Restructuring-related charges	(99)		334
Certain impairments and other adjustments	614		(525)


Total income from operations	39,339		34,100
Other (expense) income, net	(11,492)		6,419
Interest expense, net	(31,415)		(29,200)
Gain on early extinguishment of debt	179		1,372
(Loss) income before income taxes	$	(3,389)	$	12,691

_____________________

(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.


	Three Months Ended September 30,
	2024		2023
Depreciation and amortization:
Vista	$	13,055	$	14,875
PrintBrothers	3,475		3,889
The Print Group	5,211		5,822
National Pen	3,246		5,188
All Other Businesses	4,647		4,547
Central and corporate costs	5,912		5,621
Total depreciation and amortization	$	35,546	$	39,942


	Three Months Ended September 30,
	2024		2023
Purchases of property, plant and equipment:
Vista	$	7,526	$	3,611
PrintBrothers	1,367		5,152
The Print Group	3,767		8,496
National Pen	1,363		2,669
All Other Businesses	2,511		2,235
Central and corporate costs	467		402
Total purchases of property, plant and equipment	$	17,001	$	22,565


	Three Months Ended September 30,
	2024		2023
Capitalization of software and website development costs:
Vista	$	6,057	$	6,640
PrintBrothers	602		457
The Print Group	949		694
National Pen	1,100		805
All Other Businesses	1,499		1,187
Central and corporate costs	4,364		4,614
Total capitalization of software and website development costs	$	14,571	$	14,397

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


	September 30, 2024		June 30, 2024
Long-lived assets (1):
United States	$	72,106	$	77,095
Switzerland	70,876		67,201
Netherlands	57,773		60,974
Canada	57,455		54,848
Italy	39,042		37,380
Germany	32,088		31,656
France	28,062		28,002
Australia	22,710		22,131
Jamaica	3,639		3,782
Other	96,252		90,380
Total	$	480,003	$	473,449

___________________

(1) Excludes goodwill of $804,806 and $787,138, intangible assets, net of $72,071 and $76,560, deferred tax assets of $97,003 and $95,059, and equity method investments of $2,128 and $1,904 as of September 30, 2024 and June 30, 2024, 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Noncontrolling interests (Details) - USD ($)
$ in Thousands

3 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Noncontrolling Interest [Line Items]

Noncontrolling interest, starting balance

$ (634)

Net Income (Loss) Attributable to Noncontrolling Interest

165

$ 15

Noncontrolling interest, ending balance

(731)

Noncontrolling Interest

Noncontrolling Interest [Line Items]

Noncontrolling interest, starting balance

(634)

Net Income (Loss) Attributable to Noncontrolling Interest

Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest

Noncontrolling interest, ending balance

(731)

Redeemable noncontrolling interest [Member]

Noncontrolling Interest [Line Items]

Noncontrolling interest, starting balance

(22,998)

Noncontrolling interest accretion to redemption value recognized in retained earnings

^[1]

503

Net Income (Loss) Attributable to Noncontrolling Interest

Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest

365

Noncontrolling interest, ending balance

$ (23,962)

[1]

Accretion of redeemable noncontrolling interests to redemption value recognized in retained earnings is the result of changes in the estimated redemption amount to the extent increases do not exceed the estimated fair value. Any change in the estimated redemption amount which exceeds the estimated fair value is recognized within net income attributable to noncontrolling interests.

- Definition

Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.

+ References

+ Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

Other Balance Sheet Components

3 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Other Balance Sheet Components

Accrued expenses included the following:


	September 30, 2024		June 30, 2024
Compensation costs	$	79,842	$	80,844
Income and indirect taxes	52,714		46,499
Advertising costs	27,354		23,524
Third-party manufacturing and digital content costs	18,665		17,608
Shipping costs	12,739		10,088
Variable compensation incentives	7,018		9,263
Sales returns	6,159		5,181
Professional fees	4,167		2,596
Interest payable	1,371		3,658

Other	56,648		46,670
Total accrued expenses	$	266,677	$	245,931

Other current liabilities included the following:


	September 30, 2024		June 30, 2024
Short-term derivative liabilities (1)	$	13,031	$	4,833
Current portion of finance lease obligations	8,241		8,323


Other	1,529		(20)
Total other current liabilities	$	22,801	$	13,136

Other liabilities included the following:


	September 30, 2024		June 30, 2024
Long-term finance lease obligations	$	27,049	$	28,037
Long-term compensation incentives	13,828		17,127

Long-term derivative liabilities (1)	14,170		584
Mandatorily redeemable noncontrolling interest	9,971		9,608
Other	20,480		20,949
Total other liabilities	$	85,498	$	76,305

________________________

(1) The increase in derivative liabilities is due to fluctuations in currency exchange rates. Refer to Note 4 for additional details regarding our derivative instruments.

Segment Information (Tables)

3 Months Ended

Sep. 30, 2024

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,
	2024		2023 (1)
Revenue:
Vista	$	429,494	$	396,850
PrintBrothers	160,415		152,573
The Print Group	84,072		79,437
National Pen	93,404		86,796
All Other Businesses	57,143		51,425
Total segment revenue	824,528		767,081
Inter-segment eliminations (2)	(19,559)		(9,787)
Total consolidated revenue	$	804,969	$	757,294

_____________________

(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.

(2) 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, 2024
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	309,175	$	—	$	—	$	52,287	$	43,368	$	404,830
Europe	95,657		159,368		80,907		32,007		—		367,939
Other	23,759		—		—		1,442		6,999		32,200
Inter-segment	903		1,047		3,165		7,668		6,776		19,559
Total segment revenue	429,494		160,415		84,072		93,404		57,143		824,528
Less: inter-segment elimination	(903)		(1,047)		(3,165)		(7,668)		(6,776)		(19,559)
Total external revenue	$	428,591	$	159,368	$	80,907	$	85,736	$	50,367	$	804,969


	Three Months Ended September 30, 2023
	Vista		PrintBrothers		The Print Group		National Pen		All Other		Total
Revenue by Geographic Region:
North America	$	289,055	$	—	$	—	$	52,735	$	42,214	$	384,004
Europe	85,407		151,542		77,802		27,737		—		342,488
Other	21,890		—		—		1,377		7,535		30,802
Inter-segment (1)	498		1,031		1,635		4,947		1,676		9,787
Total segment revenue (1)	396,850		152,573		79,437		86,796		51,425		767,081
Less: inter-segment elimination (1)	(498)		(1,031)		(1,635)		(4,947)		(1,676)		(9,787)
Total external revenue	$	396,352	$	151,542	$	77,802	$	81,849	$	49,749	$	757,294

_____________________

(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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


	Three Months Ended September 30,
	2024		2023 (1)
Segment EBITDA:
Vista	$	76,847	$	78,578
PrintBrothers	20,156		20,210
The Print Group	17,902		12,507
National Pen	(4,758)		(8,762)
All Other Businesses	6,735		6,018
Inter-segment elimination	(5,500)		(2,538)
Total segment EBITDA	111,382		106,013
Central and corporate costs	(37,012)		(31,780)
Depreciation and amortization	(35,546)		(39,942)




Restructuring-related charges	(99)		334
Certain impairments and other adjustments	614		(525)


Total income from operations	39,339		34,100
Other (expense) income, net	(11,492)		6,419
Interest expense, net	(31,415)		(29,200)
Gain on early extinguishment of debt	179		1,372
(Loss) income before income taxes	$	(3,389)	$	12,691

_____________________

(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated


	Three Months Ended September 30,
	2024		2023
Depreciation and amortization:
Vista	$	13,055	$	14,875
PrintBrothers	3,475		3,889
The Print Group	5,211		5,822
National Pen	3,246		5,188
All Other Businesses	4,647		4,547
Central and corporate costs	5,912		5,621
Total depreciation and amortization	$	35,546	$	39,942


	Three Months Ended September 30,
	2024		2023
Purchases of property, plant and equipment:
Vista	$	7,526	$	3,611
PrintBrothers	1,367		5,152
The Print Group	3,767		8,496
National Pen	1,363		2,669
All Other Businesses	2,511		2,235
Central and corporate costs	467		402
Total purchases of property, plant and equipment	$	17,001	$	22,565


	Three Months Ended September 30,
	2024		2023
Capitalization of software and website development costs:
Vista	$	6,057	$	6,640
PrintBrothers	602		457
The Print Group	949		694
National Pen	1,100		805
All Other Businesses	1,499		1,187
Central and corporate costs	4,364		4,614
Total capitalization of software and website development costs	$	14,571	$	14,397

Long-lived assets by geographic area

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


	September 30, 2024		June 30, 2024
Long-lived assets (1):
United States	$	72,106	$	77,095
Switzerland	70,876		67,201
Netherlands	57,773		60,974
Canada	57,455		54,848
Italy	39,042		37,380
Germany	32,088		31,656
France	28,062		28,002
Australia	22,710		22,131
Jamaica	3,639		3,782
Other	96,252		90,380
Total	$	480,003	$	473,449

___________________

Other Balance Sheet Components (Tables)

3 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses included the following:


	September 30, 2024		June 30, 2024
Compensation costs	$	79,842	$	80,844
Income and indirect taxes	52,714		46,499
Advertising costs	27,354		23,524
Third-party manufacturing and digital content costs	18,665		17,608
Shipping costs	12,739		10,088
Variable compensation incentives	7,018		9,263
Sales returns	6,159		5,181
Professional fees	4,167		2,596
Interest payable	1,371		3,658

Other	56,648		46,670
Total accrued expenses	$	266,677	$	245,931

Other Current Liabilities

Other current liabilities included the following:


	September 30, 2024		June 30, 2024
Short-term derivative liabilities (1)	$	13,031	$	4,833
Current portion of finance lease obligations	8,241		8,323


Other	1,529		(20)
Total other current liabilities	$	22,801	$	13,136

Other Liabilities

Other liabilities included the following:


	September 30, 2024		June 30, 2024
Long-term finance lease obligations	$	27,049	$	28,037
Long-term compensation incentives	13,828		17,127

Long-term derivative liabilities (1)	14,170		584
Mandatorily redeemable noncontrolling interest	9,971		9,608
Other	20,480		20,949
Total other liabilities	$	85,498	$	76,305

________________________

(1) The increase in derivative liabilities is due to fluctuations in currency exchange rates. Refer to Note 4 for additional details regarding our derivative instruments.

Summary of Significant Accounting Policies

3 Months Ended

Sep. 30, 2024

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, 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.

Ordinary Shares

During the three months ended September 30, 2024, we repurchased 123,325 of our ordinary shares on the open market for $10,620. The repurchased shares were immediately retired after repurchase and therefore have been classified as authorized and unissued shares as of September 30, 2024.

Other (Expense) Income, Net

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


	Three Months Ended September 30,
	2024		2023
(Losses) gains on derivatives not designated as hedging instruments (1)	$	(20,569)	$	8,312
Currency-related gains (losses), net (2)	8,667		(2,699)
Other gains	410		806
Total other (expense) income, net	$	(11,492)	$	6,419

_____________________

(1) Includes realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments. For contracts not designated as hedging instruments, we realized (losses) gains of $(2,232) and $2,050 for the three months ended September 30, 2024 and 2023, respectively. Refer to Note 4 for additional details relating to our derivative contracts.

(2) Currency-related gains (losses), 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, during the three months ended September 30, 2023, we recognized gains of $1,936 on a cross-currency swap designated as a cash flow hedge which hedges the remeasurement of an intercompany loan. We did not hold any cross-currency swap contracts that were designated as cash flow hedges during the current quarter. Refer to Note 4 for additional details regarding our cash flow hedges.

Net (Loss) Income Per Share Attributable to Cimpress plc

Basic net (loss) income per share attributable to Cimpress plc is computed by dividing net (loss) income attributable to Cimpress plc by the weighted-average number of ordinary shares outstanding for the respective period. Diluted net (loss) income per share attributable to Cimpress plc gives effect to all potentially dilutive securities, including share options, restricted share units (“RSUs”), performance share units ("PSUs"), and warrants, 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,
	2024	2023
Weighted average shares outstanding, basic	25,167,845	26,468,769
Weighted average shares issuable upon exercise/vesting of outstanding share options/PSUs/RSUs/warrants (1)(2)	—	610,686
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc	25,167,845	27,079,455
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)	1,224,628	187,649

__________________

(1) In the periods in which a net loss is recognized, the impact of share options, PSUs, RSUs and warrants is excluded from shares used in computed diluted net loss per share as it is anti-dilutive.

(2) On May 1, 2020, we entered into a financing arrangement which included 7-year warrants to purchase 1,055,377 of our ordinary shares 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, 2024, the average market price of our ordinary shares was higher than the strike price of the warrants and the weighted average anti-dilutive effect of the warrants (anti-dilutive due to our net loss position) was 341,158. For the three months ended September 30, 2023, the average market price of our ordinary shares was higher than the strike price of the warrants, and the weighted average dilutive effect of the warrants was 98,319.

Recently Issued or Adopted Accounting Pronouncements

Accounting Standards to be Adopted

In December 2023, the FASB issued Accounting Standards Update No. 2023-09 "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" (ASU 2023-09), which provides authoritative guidance about expanded annual disclosure requirements for the income tax rate reconciliation and income taxes paid by jurisdiction. The expanded disclosure requirements will be effective starting with our annual report for the fiscal year ending June 30, 2026. Early adoption is permitted, but we do not intend to early adopt this standard.

In November 2023, the FASB issued Accounting Standards Update No. 2023-07 "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" (ASU 2023-07), which requires enhanced disclosures about significant segment expenses and introduces a reconciliation between segment revenue and segment profitability metrics. The expanded disclosure requirements will be effective starting with our annual report for the fiscal year ending June 30, 2025, as well as each interim period thereafter. Early adoption is permitted, but we do not intend to early adopt this standard.

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Ordinary Shares Retired Policy

Ordinary Shares

Other Income (expense), net

Other (Expense) Income, Net

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


	Three Months Ended September 30,
	2024		2023
(Losses) gains on derivatives not designated as hedging instruments (1)	$	(20,569)	$	8,312
Currency-related gains (losses), net (2)	8,667		(2,699)
Other gains	410		806
Total other (expense) income, net	$	(11,492)	$	6,419

_____________________

Net (Loss) Income Per Share

Net (Loss) Income 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,
	2024	2023
Weighted average shares outstanding, basic	25,167,845	26,468,769
Weighted average shares issuable upon exercise/vesting of outstanding share options/PSUs/RSUs/warrants (1)(2)	—	610,686
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc	25,167,845	27,079,455
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)	1,224,628	187,649

__________________

(1) In the periods in which a net loss is recognized, the impact of share options, PSUs, RSUs and warrants is excluded from shares used in computed diluted net loss per share as it is anti-dilutive.

Recently Issued or Adopted Accounting Pronouncements

Accounting Standards to be Adopted

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

3 Months Ended

Sep. 30, 2024

Jun. 30, 2024

Goodwill [Line Items]

Goodwill

$ 804,806

$ 787,138

Goodwill, Foreign Currency Translation Gain (Loss)

^[1]

17,668

Vista [Member]

Goodwill [Line Items]

Goodwill

300,176

295,285

Goodwill, Foreign Currency Translation Gain (Loss)

^[1]

4,891

PrintBrothers [Member]

Goodwill [Line Items]

Goodwill

155,759

149,244

Goodwill, Foreign Currency Translation Gain (Loss)

^[1]

6,515

The Print Group [Member]

Goodwill [Line Items]

Goodwill

153,950

147,688

Goodwill, Foreign Currency Translation Gain (Loss)

^[1]

6,262

All Other Businesses [Member]

Goodwill [Line Items]

Goodwill

194,921

$ 194,921

Goodwill, Foreign Currency Translation Gain (Loss)

^[1]

$ 0

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

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments	5
Revenue	$ (804,969)	$ (757,294)
Other Operating Income	111,382	106,013
Depreciation and amortization	35,546	39,942
Restructuring-related charges	(99)
Certain impairments and other adjustments	(614)	(525)
Total income from operations	39,339	34,100
Other (expense) income, net	(11,492)	6,419
Interest expense, net	(31,415)	(29,200)
Gain on early extinguishment of debt	179	1,372
(Loss) income before income taxes	(3,389)	12,691
Purchases of property, plant and equipment	17,001	22,565
Capitalization of software and website development costs	14,571	14,397
Long-lived assets	480,003		$ 473,449
Goodwill	804,806		787,138
Intangible assets, net	72,071		76,560
Deferred tax assets	97,003		95,059
Equity Method Investments	2,128		1,904
Restructuring Reserve, Accrual Adjustment		334
North America [Member]
Segment Reporting Information [Line Items]
Revenue	(404,830)	(384,004)
Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(367,939)	(342,488)
Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(32,200)	(30,802)
UNITED STATES
Segment Reporting Information [Line Items]
Long-lived assets	72,106		77,095
Netherlands [Member]
Segment Reporting Information [Line Items]
Long-lived assets	57,773		60,974
Canada [Member]
Segment Reporting Information [Line Items]
Long-lived assets	57,455		54,848
Switzerland
Segment Reporting Information [Line Items]
Long-lived assets	70,876		67,201
ITALY
Segment Reporting Information [Line Items]
Long-lived assets	39,042		37,380
FRANCE
Segment Reporting Information [Line Items]
Long-lived assets	28,062		28,002
Jamaica [Member]
Segment Reporting Information [Line Items]
Long-lived assets	3,639		3,782
Australia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	22,710		22,131
JAPAN
Segment Reporting Information [Line Items]
Long-lived assets	32,088		31,656
Other Countries [Member]
Segment Reporting Information [Line Items]
Long-lived assets	96,252		90,380
Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(428,591)	(396,352)
Other Operating Income	76,847	78,578
Depreciation and amortization	13,055	14,875
Purchases of property, plant and equipment	7,526	3,611
Capitalization of software and website development costs	6,057	6,640
Goodwill	300,176		295,285
Vista [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(309,175)	(289,055)
Vista [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(95,657)	(85,407)
Vista [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(23,759)	(21,890)
PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(159,368)	(151,542)
Other Operating Income	20,156	20,210
Depreciation and amortization	3,475	3,889
Purchases of property, plant and equipment	1,367	5,152
Capitalization of software and website development costs	602	457
Goodwill	155,759		149,244
PrintBrothers [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	0	0
PrintBrothers [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(159,368)	(151,542)
The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(80,907)	(77,802)
Other Operating Income	17,902	12,507
Depreciation and amortization	5,211	5,822
Purchases of property, plant and equipment	3,767	8,496
Capitalization of software and website development costs	949	694
Goodwill	153,950		147,688
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	(80,907)	(77,802)
National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(85,736)	(81,849)
Other Operating Income	(4,758)	(8,762)
Depreciation and amortization	3,246	5,188
Purchases of property, plant and equipment	1,363	2,669
Capitalization of software and website development costs	1,100	805
National Pen [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(52,287)	(52,735)
National Pen [Member] \| Europe [Member]
Segment Reporting Information [Line Items]
Revenue	(32,007)	(27,737)
National Pen [Member] \| Other Continents [Member]
Segment Reporting Information [Line Items]
Revenue	(1,442)	(1,377)
All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	(50,367)	(49,749)
Other Operating Income	6,735	6,018
Depreciation and amortization	4,647	4,547
Purchases of property, plant and equipment	2,511	2,235
Capitalization of software and website development costs	1,499	1,187
Goodwill	194,921		$ 194,921
All Other Businesses [Member] \| North America [Member]
Segment Reporting Information [Line Items]
Revenue	(43,368)	(42,214)
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	(6,999)	(7,535)
Corporate and Other
Segment Reporting Information [Line Items]
Other Operating Income	(37,012)	(31,780)
Depreciation and amortization	5,912	5,621
Purchases of property, plant and equipment	467	402
Capitalization of software and website development costs	4,364	4,614
Inter-segment Elimination
Segment Reporting Information [Line Items]
Other Operating Income	(5,500)	(2,538)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	(824,528)	(767,081)
Operating Segments [Member] \| Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(429,494)	(396,850)
Operating Segments [Member] \| PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(160,415)	(152,573)
Operating Segments [Member] \| The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(84,072)	(79,437)
Operating Segments [Member] \| National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(93,404)	(86,796)
Operating Segments [Member] \| All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	(57,143)	(51,425)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue	(19,559)	(9,787)
Intersegment Eliminations [Member] \| Vista [Member]
Segment Reporting Information [Line Items]
Revenue	(903)	(498)
Intersegment Eliminations [Member] \| PrintBrothers [Member]
Segment Reporting Information [Line Items]
Revenue	(1,047)	(1,031)
Intersegment Eliminations [Member] \| The Print Group [Member]
Segment Reporting Information [Line Items]
Revenue	(3,165)	(1,635)
Intersegment Eliminations [Member] \| National Pen [Member]
Segment Reporting Information [Line Items]
Revenue	(7,668)	(4,947)
Intersegment Eliminations [Member] \| All Other Businesses [Member]
Segment Reporting Information [Line Items]
Revenue	$ (6,776)	$ (1,676)

Debt (Tables)

3 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt


	September 30, 2024		June 30, 2024
7.375% Senior Notes due 2032 (1)	$	525,000	$	—
7.0% Senior Notes due 2026 (1)	—		522,135
Senior secured credit facility	1,083,880		1,084,627
Other	8,577		9,845
Debt issuance costs and discounts, net of debt premiums (2)	(21,275)		(12,312)
Total debt outstanding, net	1,596,182		1,604,295
Less: short-term debt (3)	10,532		12,488
Long-term debt	$	1,585,650	$	1,591,807

_____________________

(3) Balances as of September 30, 2024 and June 30, 2024 are inclusive of short-term debt issuance costs, debt premiums and discounts of $4,507 and $3,492, respectively.

Accumulated Other Comprehensive Loss

3 Months Ended

Sep. 30, 2024

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 $251 for the three months ended September 30, 2024:


	Gains on cash flow hedges (1)		Gains (losses) on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2024	$	10,789	$	(706)	$	(40,447)	$	(30,364)
Other comprehensive (loss) income before reclassifications	(8,399)		—		6,319		(2,080)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	284		—		—		284
Net current period other comprehensive (loss) income	(8,115)		—		6,319		(1,796)
Balance as of September 30, 2024	$	2,674	$	(706)	$	(34,128)	$	(32,160)

________________________

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

(2) As of September 30, 2024 and June 30, 2024, the translation adjustment is inclusive of both the realized and unrealized effects of our net investment hedges. Gains on currency forward and swap contracts designated as net investment hedges, net of tax, of $8,751 and $15,042 have been included in accumulated other comprehensive loss as of September 30, 2024 and June 30, 2024. Intercompany loan hedge gains, net of tax, of $39,415 and $48,270 have been included in accumulated other comprehensive loss as of September 30, 2024 and June 30, 2024, respectively.

Summary of Significant Accounting Policies (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Accounting Policies [Line Items]

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

^[1]

$ (20,569)

$ 8,312

Foreign Currency Transaction Gain (Loss), Realized

^[2]

8,667

(2,699)

Other Nonoperating Gains (Losses)

410

806

Other (expense) income, net

(11,492)

6,419

Realized gain (loss) on derivatives not designated as hedging instruments

^[1]

$ (2,232)

$ 2,050

Class of Warrant or Right, Exercise Price of Warrants or Rights

$ 60

Weighted average shares outstanding — diluted

25,167,845

27,079,455

Net Income (Loss) Per Share Attributable to Cimpress plc [Line Items]

Weighted average shares outstanding — basic

25,167,845

26,468,769

Weighted average shares issuable upon exercise/vesting of outstanding share options/PSUs/RSUs/warrants (1)(2)

610,686

^[3],[4]

Weighted average shares outstanding — diluted

25,167,845

27,079,455

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

^[3]

1,224,628

187,649

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

1,055,377

Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants

341,158

98,319

Foreign Exchange Forward [Member]

Accounting Policies [Line Items]

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

$ (20,569)

$ 8,312

[1]	Includes realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments. For contracts not designated as hedging instruments, we realized (losses) gains of $(2,232) and $2,050 for the three months ended September 30, 2024 and 2023, respectively. Refer to Note 4 for additional details relating to our derivative contracts.
[2]	Currency-related gains (losses), 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, during the three months ended September 30, 2023, we recognized gains of $1,936 on a cross-currency swap designated as a cash flow hedge which hedges the remeasurement of an intercompany loan. We did not hold any cross-currency swap contracts that were designated as cash flow hedges during the current quarter. Refer to Note 4 for additional details regarding our cash flow hedges.
[3]	In the periods in which a net loss is recognized, the impact of share options, PSUs, RSUs and warrants is excluded from shares used in computed diluted net loss per share as it is anti-dilutive.
[4]	On May 1, 2020, we entered into a financing arrangement which included 7-year warrants to purchase 1,055,377 of our ordinary shares 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, 2024, the average market price of our ordinary shares was higher than the strike price of the warrants and the weighted average anti-dilutive effect of the warrants (anti-dilutive due to our net loss position) was 341,158. For the three months ended September 30, 2023, the average market price of our ordinary shares was higher than the strike price of the warrants, and the weighted average dilutive effect of the warrants was 98,319.

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

3 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of Other Nonoperating Income (Expense)

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


	Three Months Ended September 30,
	2024		2023
(Losses) gains on derivatives not designated as hedging instruments (1)	$	(20,569)	$	8,312
Currency-related gains (losses), net (2)	8,667		(2,699)
Other gains	410		806
Total other (expense) income, net	$	(11,492)	$	6,419

_____________________

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,
	2024	2023
Weighted average shares outstanding, basic	25,167,845	26,468,769
Weighted average shares issuable upon exercise/vesting of outstanding share options/PSUs/RSUs/warrants (1)(2)	—	610,686
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc	25,167,845	27,079,455
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)	1,224,628	187,649

__________________

(1) In the periods in which a net loss is recognized, the impact of share options, PSUs, RSUs and warrants is excluded from shares used in computed diluted net loss per share as it is anti-dilutive.

Consolidated Balance Sheets (Parenthetical) $ in Thousands	Sep. 30, 2024 USD ($) shares	Sep. 30, 2024 € / shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 € / shares
Current Assets
Accounts Receivable, Allowance for Credit Loss, Current \| $	$ 7,307		$ 7,219
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	43,231,566		43,051,269
Common Stock, Shares, Outstanding	25,260,319		25,080,022
Treasury Stock, Shares	17,971,247		17,971,247

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

3 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Revenue

$ 804,969

$ 757,294

Cost of revenue

^[1]

422,736

398,783

Technology and development expense

^[1]

81,861

74,330

Marketing and selling expense

^[1]

203,847

192,188

General and administrative expense

^[1]

51,932

48,341

Amortization of acquired intangible assets

5,155

9,886

Restructuring Reserve, Accrual Adjustment

(334)

Restructuring-related charges

Income from operations

39,339

34,100

Other (expense) income, net

(11,492)

6,419

Interest expense, net

(31,415)

(29,200)

Gain on early extinguishment of debt

179

1,372

(Loss) income before income taxes

(3,389)

12,691

Income tax expense

8,995

8,122

Net (loss) income

(12,384)

4,569

Add: Net (income) attributable to noncontrolling interests

(165)

(15)

Net (loss) income attributable to Cimpress plc

$ (12,549)

$ 4,554

Basic net (loss) income per share attributable to Cimpress plc

$ (0.50)

$ 0.17

Diluted net (loss) income per share attributable to Cimpress plc

$ (0.50)

$ 0.17

Weighted average shares outstanding — basic

25,167,845

26,468,769

Weighted average shares outstanding — diluted

25,167,845

27,079,455

Supplemental Income Statement Elements [Line Items]

Cost of revenue

^[1]

$ 422,736

$ 398,783

Technology and development expense

^[1]

81,861

74,330

Marketing and selling expense

^[1]

203,847

192,188

General and administrative expense

^[1]

51,932

48,341

Share-Based Payment Arrangement

Cost of revenue

223

167

Technology and development expense

5,096

4,209

Marketing and selling expense

1,715

2,218

General and administrative expense

8,599

5,859

Supplemental Income Statement Elements [Line Items]

Cost of revenue

223

167

Technology and development expense

5,096

4,209

Marketing and selling expense

1,715

2,218

General and administrative expense

$ 8,599

$ 5,859

[1]

Share-based compensation expense is allocated as follows:


	Three Months Ended September 30,
	2024		2023
Cost of revenue	$	223	$	167
Technology and development expense	5,096		4,209
Marketing and selling expense	1,715		2,218
General and administrative expense	8,599		5,859

Fair Value Measurements (Details) $ in Thousands	12 Months Ended
Fair Value Measurements (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Sep. 30, 2024 USD ($) instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Gross	$ 1,616,607	$ 1,617,457
Debt Instrument, Fair Value Disclosure	1,617,364	1,628,102
Marketable Securities, Current	4,500	0
Total Marketable Securities	4,500
Unrealized Loss on Securities	5
Investments, Fair Value Disclosure	4,495
Fair value, recurring measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	23,652	10,159
Financial and Nonfinancial Liabilities, Fair Value Disclosure	3,036	26,147
Fair value, recurring measurements [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	23,652	10,159
Financial and Nonfinancial Liabilities, Fair Value Disclosure	3,036	26,147
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Current	1,500
Unrealized Loss on Securities	1
Investments, Fair Value Disclosure	1,499
US Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Current	3,000
Unrealized Loss on Securities	4
Investments, Fair Value Disclosure	2,996
Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	3,642	17
Derivative Liability	(856)	$ (12,708)
Derivative, Number of Instruments Held \| instrument		655
Foreign Exchange Forward [Member] \| 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	3,642	$ 17
Derivative Liability	(856)	(12,708)
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	18,830	$ 10,142
Derivative, Number of Instruments Held \| instrument		10
Interest Rate Swap [Member] \| 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	18,830	$ 10,142
Foreign Exchange Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	137
Derivative Liability	(2,180)	(4,904)
Foreign Exchange Option [Member] \| 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	137
Derivative Liability	(2,180)	(4,904)
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	1,043
Derivative Liability		(8,535)
Cross Currency Interest Rate Contract [Member] \| 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	1,043
Derivative Liability		(8,535)
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	5,761	17
Derivative Liability	(3,036)	(17,612)
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	212	0
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 137	$ 0

Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Schedule of other current liabilities [Line Items]
Finance Lease, Liability, Current	$ 8,241	$ 8,323
Derivative Liability, Current	13,031	4,833
Other current liabilities	$ (22,801)	(13,136)
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities
Derivative 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	$ (1,529)	$ (20)

Cover Page - shares	3 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 28, 2024
Cover [Abstract]
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	First Floor Building 3
Entity Address, Address Line Two	Finnabair Business and Technology Park
Entity Address, Postal Zip Code	A91 XR61
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	Ordinary Shares, nominal value of €0.01 per share
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		25,153,537
Document Information [Line Items]
Document period end date	Sep. 30, 2024
Entity central index key	0001262976
Amendment flag	false
Document Type	10-Q
Document fiscal year focus	2025
Document fiscal period focus	Q1
Current fiscal year end date	--06-30

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (12,549)	$ 4,554

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Our income tax expense was $8,995 and $8,122 for the three months ended September 30, 2024 and 2023, respectively. Income tax expense increased versus the prior comparative period due to various immaterial discrete items in both periods and an increased full-year forecasted effective tax rate. Excluding the effect of discrete tax adjustments, our estimated annual effective tax rate is higher for fiscal year 2025 than for fiscal year 2024 primarily due to increased forecasted full-year 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. These losses with no tax benefit were excluded in calculating income tax expense for the three months ended September 30, 2024 and 2023, respectively, in accordance with U.S. GAAP. We continuously analyze our valuation allowance positions and the weight of objective and verifiable evidence of actual results against the more subjective evidence of anticipated future income. As of September 30, 2024 we had unrecognized tax benefits of $16,272, including accrued interest and penalties of $2,281. We recognize interest and, if applicable, penalties related to unrecognized tax benefits in the provision for income taxes. If recognized, $7,083 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 $7,000 to $7,500 related to the lapse of applicable statutes of limitations or settlement. 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 2014 through 2024 remain open for examination by the U.S. Internal Revenue Service and the years 2015 through 2024 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.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
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+ Details

Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2024

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, 2024
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap contracts	$	10,142	$	—	$	10,142	$	—

Currency forward contracts	17		—		17		—

Total assets recorded at fair value	$	10,159	$	—	$	10,159	$	—

Liabilities

Cross-currency swap contracts	$	(8,535)	$	—	$	(8,535)	$	—
Currency forward contracts	(12,708)		—		(12,708)		—
Currency option contracts	(4,904)		—		(4,904)		—
Total liabilities recorded at fair value	$	(26,147)	$	—	$	(26,147)	$	—


	June 30, 2024
	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	$	18,830	$	—	$	18,830	$	—
Cross-currency swap contracts	1,043		—		1,043		—
Currency forward contracts	3,642		—		3,642		—
Currency option contracts	137		—		137		—
Total assets recorded at fair value	$	23,652	$	—	$	23,652	$	—

Liabilities


Currency forward contracts	$	(856)	$	—	$	(856)	$	—
Currency option contracts	(2,180)		—		(2,180)		—
Total liabilities recorded at fair value	$	(3,036)	$	—	$	(3,036)	$	—

Debt Securities, Held-to-maturity

The following is a summary of the net carrying amount, unrealized losses, and fair value of held-to-maturity securities by type and contractual maturity as of June 30, 2024. The fair value was determined using quoted prices for identical assets in active markets, which fall into Level 1 under the fair value hierarchy. We did not record an allowance for credit losses and impairments for these marketable securities during the three months ended September 30, 2024 and 2023.


	June 30, 2024
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:

Corporate debt securities	$	1,500	$	(1)	$	1,499
U.S. government securities	3,000		(4)		2,996





Total held-to-maturity securities	$	4,500	$	(5)	$	4,495

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B

+ Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities
Net (Loss) Income, Including Portion Attributable to Noncontrolling Interest	$ (12,384)	$ 4,569
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	35,546	39,942
Share-based compensation expense	15,633	12,453
Deferred taxes	2,951	(1,118)
Loss (gain) on early extinguishment of debt noncash adjustment	(260)	(1,372)
Unrealized loss (gain) on derivatives not designated as hedging instruments included in net (loss) income	18,337	(6,261)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	(10,370)	1,885
Other non-cash items	1,328	(1,229)
Changes in operating assets and liabilities, net of effects of businesses acquired:
Accounts receivable	(7,775)	(2,209)
Inventory	(10,309)	(401)
Prepaid expenses and other assets	(3,430)	4,214
Accounts payable	(36,946)	(22,209)
Accrued expenses and other liabilities	12,063	13,990
Net cash provided by operating activities	4,384	42,254
Investing activities
Purchases of property, plant and equipment	(17,001)	(22,565)
Capitalization of software and website development costs	(14,571)	(14,397)
Proceeds from the sale of assets	1,570	5,636
Proceeds from maturity of held-to-maturity investments	4,500	20,500
Net cash used in investing activities	(25,502)	(10,826)
Financing activities
Proceeds from issuance of senior notes	525,000
Payments for early redemption or purchase of 7.0% Senior Notes due 2026	(522,135)	(19,815)
Proceeds from borrowings of debt	0	173
Payments of debt	(4,497)	(3,784)
Payments of debt issuance costs	(8,445)	0
Payments of withholding taxes in connection with equity awards	(12,948)	(8,404)
Payments of finance lease obligations	(1,950)	(2,768)
Purchase of ordinary shares	(10,620)
Proceeds from issuance of ordinary shares	1,000	82
Distributions to noncontrolling interests	(821)	(549)
Net cash used in financing activities	(35,416)	(35,065)
Effect of exchange rate changes on cash	5,710	(1,477)
Net decrease in cash and cash equivalents	(50,824)	(5,114)
Cash and cash equivalents at beginning of period	203,775	130,313
Cash and cash equivalents at end of period	152,951	125,199
Supplemental Cash Flow Elements [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	35,248	24,239
Interest Received, Operating Activities	3,712	3,349
Income Taxes (Received) Paid, Net	(1,829)	15,794
Payments to Acquire Equipment on Lease	339	386
Capital Expenditures Incurred but Not yet Paid	10,909	6,403
Capitalized Software Development Costs Incurred but Not yet Paid	$ 356	$ 205

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Schedule of other current liabilities [Line Items]
Compensation costs	$ 79,842	$ 80,844
Income and indirect taxes	52,714	46,499
Accrued Advertising	27,354	23,524
Shipping costs	12,739	10,088
Variable compensation incentives	7,018	9,263
Interest Payable	1,371	3,658
Production costs	18,665	17,608
Sales returns	6,159	5,181
Professional costs	4,167	2,596
Other	56,648	46,670
Accrued Liabilities	$ 266,677	$ 245,931

Derivative Financial Instruments (Details)
$ in Thousands

3 Months Ended

Sep. 30, 2024

USD ($)

instrument

Sep. 30, 2023

USD ($)

Jun. 30, 2024

USD ($)

Derivative [Line Items]

Net unrealized (losses) gains on derivative instruments designated and qualifying as cash flow hedges

$ (8,399)

$ 7,679

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

1,796

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

^[1]

(20,569)

8,312

Derivative Instruments, Tax Gain (Loss) Reclassified from Accumulated OCI into Income

(611)

Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion

$ 284

3,548

Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]

Other (expense) income, net

Proceeds from issuance of senior notes

$ 525,000

Foreign Exchange Option [Member]

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

$ 137

Derivative Liability

(4,904)

(2,180)

Interest Rate Swap [Member]

Derivative [Line Items]

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

$ (1,935)

Derivative, Number of Instruments Held | instrument

Notional Amount of Interest Rate Derivatives

^[2]

$ 215,000

Notional value of contracts with future start date

430,000

Total current and future notional amount

645,000

Derivative Asset, Fair Value, Gross Asset

10,142

18,830

Net unrealized (losses) gains on derivative instruments designated and qualifying as cash flow hedges

$ (8,399)

6,131

Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]

Interest expense, net

Foreign Exchange Forward [Member]

Derivative [Line Items]

Derivative, Number of Instruments Held | instrument

655

Derivative, Notional Amount

$ 806,847

Derivative, Underlying Basis

Various

Derivative Asset, Fair Value, Gross Asset

$ 17

3,642

Derivative Liability

(12,708)

(856)

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

(20,569)

8,312

Currency Swap [Member]

Derivative [Line Items]

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

(8,535)

Net unrealized (losses) gains on derivative instruments designated and qualifying as cash flow hedges

$ 0

1,548

Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]

Other (expense) income, net

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

Derivative [Line Items]

Derivative, Number of Instruments Held | instrument

Derivative, Notional Amount

$ 264,851

Forward Contracts [Member]

Derivative [Line Items]

Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax

(1,080)

Loans

Derivative [Line Items]

Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax

(2,129)

5,775

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

8,115

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

Derivative [Line Items]

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

321

(2,223)

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

Derivative [Line Items]

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

(1,936)

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

(321)

4,159

Designated as Hedging Instrument [Member]

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

10,529

19,873

Derivative Asset, Fair Value, Gross Liability

387

Interest Rate Cash Flow Hedge Asset at Fair Value

10,142

19,873

Derivative Liability, Fair Value, Gross Liability

(8,535)

Derivative Liability, Fair Value, Gross Asset

Derivative Liability

(8,535)

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

(10,528)

$ 12,374

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

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

10,529

18,830

Derivative Asset, Fair Value, Gross Liability

387

Interest Rate Cash Flow Hedge Asset at Fair Value

10,142

18,830

Derivative Liability, Fair Value, Gross Liability

Derivative Liability, Fair Value, Gross Asset

Interest Rate Cash Flow Hedge Liability at Fair Value

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

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

1,043

Derivative Liability, Fair Value, Gross Liability

(8,535)

Derivative Liability, Fair Value, Gross Asset

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

1,043

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

5,761

Derivative Asset, Fair Value, Gross Liability

1,982

Derivative Asset

3,779

Derivative Liability, Fair Value, Gross Liability

18,279

3,435

Derivative Liability, Fair Value, Gross Asset

667

399

Derivative Liability

(17,612)

(3,036)

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

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

212

Derivative Asset, Fair Value, Gross Liability

Foreign Currency Contract, Asset, Fair Value Disclosure

137

Derivative Liability, Fair Value, Gross Liability

4,904

2,351

Derivative Liability, Fair Value, Gross Asset

171

Foreign Currency Contracts, Liability, Fair Value Disclosure

(4,904)

(2,180)

Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]

Derivative [Line Items]

Derivative Asset, Fair Value, Gross Asset

5,549

Derivative Asset, Fair Value, Gross Liability

1,907

Foreign Currency Contract, Asset, Fair Value Disclosure

3,642

Derivative Liability, Fair Value, Gross Liability

13,375

1,084

Derivative Liability, Fair Value, Gross Asset

667

228

Foreign Currency Contracts, Liability, Fair Value Disclosure

$ (12,708)

$ (856)

Minimum [Member] | Foreign Exchange Option [Member]

Derivative [Line Items]

Derivative, Maturity Date

Apr. 12, 2024

Minimum [Member] | Interest Rate Swap [Member]

Derivative [Line Items]

Derivative, Maturity Date

Jun. 30, 2024

Minimum [Member] | Foreign Exchange Forward [Member]

Derivative [Line Items]

Derivative, Maturity Date

Apr. 16, 2024

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

Mar. 12, 2026

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

Dec. 16, 2025

Maximum [Member] | Currency Swap [Member]

Derivative [Line Items]

Derivative, Maturity Date

Jun. 19, 2024

[1]	Includes realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments. For contracts not designated as hedging instruments, we realized (losses) gains of $(2,232) and $2,050 for the three months ended September 30, 2024 and 2023, respectively. Refer to Note 4 for additional details relating to our derivative contracts.
[2]	Based on contracts outstanding as of September 30, 2024, the notional value of our contracted interest rate swaps accruing interest will fluctuate between $215,000 and $380,000 through April 2028 based on layered start dates and maturities.

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Current assets:
Cash and Cash Equivalents, at Carrying Value	$ 152,951	$ 203,775
Marketable Securities, Current	0	4,500
Accounts receivable, net of allowances of $7,307 and $7,219, respectively	73,757	64,576
Inventory	110,452	97,016
Prepaid expenses and other current assets	90,696	88,112
Total current assets	427,856	457,979
Property, plant and equipment, net	274,379	265,177
Operating lease assets, net	81,401	78,681
Software and website development costs, net	97,317	92,212
Deferred tax assets	97,003	95,059
Goodwill	804,806	787,138
Intangible assets, net	72,071	76,560
Other assets	29,105	39,351
Total assets	1,883,938	1,892,157
Current liabilities:
Accounts payable	297,859	326,656
Accrued expenses	266,677	245,931
Deferred revenue	51,919	46,118
Short-term debt	10,532	12,488
Operating lease liabilities, current	20,276	19,634
Other current liabilities	22,801	13,136
Total current liabilities	670,064	663,963
Deferred tax liabilities	23,645	24,701
Long-term debt	1,585,650	1,591,807
Operating lease liabilities, non-current	65,377	61,895
Other liabilities	85,498	76,305
Total liabilities	2,430,234	2,418,671
Temporary equity
Redeemable noncontrolling interests (Note 10)	23,962	22,998
Shareholders’ deficit:
Preferred shares, nominal value €0.01 per share, 100,000,000 shares authorized; none issued and outstanding	0	0
Ordinary shares, nominal value €0.01 per share, 100,000,000 shares authorized; 43,231,566 and 43,051,269 shares issued, respectively; 25,260,319 and 25,080,022 shares outstanding, respectively	606	604
Treasury shares, at cost, 17,971,247 shares for both periods presented	(1,363,550)	(1,363,550)
Additional paid-in capital	573,192	570,283
Retained earnings	250,923	272,881
Accumulated other comprehensive loss	(32,160)	(30,364)
Total shareholders’ deficit attributable to Cimpress plc	(570,989)	(550,146)
Noncontrolling Interest	731	634
Total shareholders' deficit	(570,258)	(549,512)
Total liabilities, noncontrolling interests and shareholders’ deficit	$ 1,883,938	$ 1,892,157

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	$ 231,826
Accounts Payable, Other	62,389	$ 62,848
Inventory, third-party fulfillment, and digital services
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	94,562
Third-party cloud services
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	46,075
Software
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	35,758
Advertising
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	2,025
Professional and consulting fees
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	6,988
Production and computer equipment
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	9,404
Other purchase commitments
Other Commitments [Line Items]
Unrecorded unconditional purchase obligation	$ 17,140

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

Sep. 30, 2024

Jun. 30, 2024

Separate Account, Liability [Line Items]

Finance Lease, Liability, Noncurrent

$ 27,049

$ 28,037

Derivative Liability, Noncurrent

^[1]

14,170

584

Redeemable Noncontrolling Interest, Liability, Carrying Value

9,971

9,608

Deferred Compensation Liability, Classified, Noncurrent

13,828

17,127

Other liabilities

$ 85,498

76,305

Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]

Other liabilities

Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]

Other liabilities

Other Noncurrent Liabilities [Member]

Separate Account, Liability [Line Items]

Other liabilities

$ 20,480

$ 20,949

[1]	The increase in derivative liabilities is due to fluctuations in currency exchange rates. Refer to Note 4 for additional details regarding our derivative instruments.

Goodwill

3 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure [Text Block]

The carrying amount of goodwill by reportable segment as of September 30, 2024 and June 30, 2024 was as follows:


	Vista		PrintBrothers		The Print Group		All Other Businesses		Total
Balance as of June 30, 2024	$	295,285	$	149,244	$	147,688	$	194,921	$	787,138




Effect of currency translation adjustments (1)	4,891		6,515		6,262		—		17,668
Balance as of September 30, 2024	$	300,176	$	155,759	$	153,950	$	194,921	$	804,806

________________________

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

Goodwill (Tables)

3 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The carrying amount of goodwill by reportable segment as of September 30, 2024 and June 30, 2024 was as follows:


	Vista		PrintBrothers		The Print Group		All Other Businesses		Total
Balance as of June 30, 2024	$	295,285	$	149,244	$	147,688	$	194,921	$	787,138




Effect of currency translation adjustments (1)	4,891		6,515		6,262		—		17,668
Balance as of September 30, 2024	$	300,176	$	155,759	$	153,950	$	194,921	$	804,806

________________________

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

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Debt (Details)
€ in Thousands, $ in Thousands

3 Months Ended

Sep. 30, 2024

USD ($)

Rate

Sep. 30, 2023

USD ($)

Sep. 30, 2024

EUR (€)

Rate

Sep. 26, 2024

USD ($)

Jun. 30, 2024

USD ($)

Line of Credit Facility [Line Items]

Debt, Long-term and Short-term, Combined Amount

$ 1,596,182

$ 1,604,295

Other Long-term Debt

8,577

9,845

Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net

(21,275)

^[1]

$ 2,525

(12,312)

^[1]

Short-term debt

10,532

12,488

Long-term debt

1,585,650

1,591,807

Gain on early extinguishment of debt

179

$ 1,372

Debt Issuance Costs, Gross

9,682

Write off of Deferred Debt Issuance Cost

2,187

Proceeds from issuance of senior notes

525,000

Payments for early redemption or purchase of 7.0% Senior Notes due 2026

522,135

$ 19,815

Short-term Debt [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Unamortized Discount

4,507

3,492

Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Line of Credit Facility, Current Borrowing Capacity

$ 250,000

Description of variable rate basis

Weighted average interest rate | Rate

7.37%

Debt Instrument, Covenant Description

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

Revolving Credit Facility [Member] | Minimum [Member]

Line of Credit Facility [Line Items]

Basis spread on LIBOR

2.25%

Commitment fee (percentage) | Rate

0.30%

Revolving Credit Facility [Member] | Maximum [Member]

Line of Credit Facility [Line Items]

Basis spread on LIBOR

3.00%

Commitment fee (percentage) | Rate

0.45%

Term Loan B, Euro Tranche

Line of Credit Facility [Line Items]

Debt, Long-term and Short-term, Combined Amount

$ 51,569

€ 46,172

Description of variable rate basis

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

$ 1,032,311

Description of variable rate basis

0.50

Basis spread on LIBOR

3.00%

Term Loan B

Line of Credit Facility [Line Items]

Debt, Long-term and Short-term, Combined Amount

$ 1,083,880

1,084,627

Senior Notes Due 2032 [Member]

Line of Credit Facility [Line Items]

Senior Notes

^[2]

525,000

Proceeds from issuance of senior notes

525,000

Senior Notes Due 2026

Line of Credit Facility [Line Items]

Senior Notes

^[2]

$ 522,135

Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net

$ 2,525

Gain on early extinguishment of debt

338

Write off of Deferred Debt Issuance Cost

2,187

Payments for early redemption or purchase of 7.0% Senior Notes due 2026

$ 522,135

[1]

During the three months ended September 30, 2024, we capitalized $9,682 in debt issuance costs, which related to the private placement of our 7.375% Senior Notes due 2032, as well as the amendment to our senior secured credit facility. We wrote-off $2,187 of unamortized costs, which was offset by the write-off of $2,525 of debt premium related to the redemption of our 7.0% Senior Notes due 2026. Refer to the description below for additional details.

[2]

On September 26, 2024, we completed a private placement of $525,000 in aggregate principal amount of 7.375% Senior Notes due 2032. We used the net proceeds of this offering plus cash on hand to redeem the $522,135 of our 7.0% Senior Notes due 2026 and pay the associated interest and financing fees.

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 8,995	$ 8,122
Unrecognized Tax Benefits	16,272
Unrecognized Tax Benefits, Income Tax Penalties Expense	2,281
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	7,083
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	7,000
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 7,500

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Description of the Business	3 Months Ended
Description of the Business	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Cimpress is a strategically focused collection of businesses that specialize in print mass customization, through which we deliver large volumes of individually small-sized customized orders of printed materials and related products. Our products and services 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, design and digital marketing services, 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.

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Sep. 30, 2024

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 $251 for the three months ended September 30, 2024:


	Gains on cash flow hedges (1)		Gains (losses) on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2024	$	10,789	$	(706)	$	(40,447)	$	(30,364)
Other comprehensive (loss) income before reclassifications	(8,399)		—		6,319		(2,080)
Amounts reclassified from accumulated other comprehensive loss to net (loss) income	284		—		—		284
Net current period other comprehensive (loss) income	(8,115)		—		6,319		(1,796)
Balance as of September 30, 2024	$	2,674	$	(706)	$	(34,128)	$	(32,160)

________________________

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

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Supply Chain Finance Program We facilitate a voluntary supply chain finance program through a financial intermediary, which provides certain suppliers the option to be paid by the financial intermediary earlier than the due date of the applicable invoice. The decision to sell receivables due from us is at the sole discretion of both the suppliers and the financial institution. Our responsibility is limited to making payment on the terms originally negotiated with each supplier, regardless of whether a supplier participates in the program. We are not a party to the agreements between the participating financial institution and the suppliers in connection with the program, we do not receive financial incentives from the suppliers or the financial institution, nor do we reimburse suppliers for any costs they incur for participating in the program. There are no assets pledged as security or other forms of guarantees provided for the committed payment to the financial institution. All unpaid obligations to our supply chain finance provider are included in accounts payable in the consolidated balance sheets, and payments we make under the program are reflected as a reduction to net cash provided by operating activities in the consolidated statements of cash flows. The outstanding obligations with our supply chain finance provider that are included in accounts payable in our consolidated balance sheets as of September 30, 2024 and June 30, 2024 were $62,389 and $62,848, respectively. Purchase Obligations At September 30, 2024, we had unrecorded commitments under contract of $231,826, including inventory, third-party fulfillment and digital service purchase commitments of $94,562; third-party cloud services of $46,075; software of $35,758; production-related temporary labor of $10,278; insurance costs of $9,595; production and computer equipment purchases of $9,404; professional and consulting fees of $6,988; advertising of $2,025; and other unrecorded purchase commitments of $17,140. 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.

Noncontrolling interests (Tables)

3 Months Ended

Sep. 30, 2024

Noncontrolling Interest [Line Items]

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

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


	Redeemable Noncontrolling Interest		Noncontrolling Interest








Balance as of June 30, 2024	$	22,998	$	634


Accretion to redemption value recognized in retained earnings (1)	503		—


Net income attributable to noncontrolling interests	96		69




Foreign currency translation	365		28
Balance as of September 30, 2024	$	23,962	$	731

_________________

(1) Accretion of redeemable noncontrolling interests to redemption value recognized in retained earnings is the result of changes in the estimated redemption amount to the extent increases do not exceed the estimated fair value. Any change in the estimated redemption amount which exceeds the estimated fair value is recognized within net income attributable to noncontrolling interests.

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Other comprehensive (loss) income, net of tax:
Net (loss) income	$ (12,384)	$ 4,569
Foreign currency translation gains (losses), net of hedges	6,712	(3,787)
Net unrealized (losses) gains on derivative instruments designated and qualifying as cash flow hedges	(8,399)	7,679
Amounts reclassified from accumulated other comprehensive loss to net (loss) income for derivative instruments	284	(3,548)
Comprehensive (loss) income	(13,787)	4,913
Add: Comprehensive (income) loss attributable to noncontrolling interests	(558)	79
Total comprehensive (loss) income attributable to Cimpress plc	$ (14,345)	$ 4,992

- 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.

+ References + Details

- Definition

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

+ References

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+ Details

Fair Value Measurements

3 Months Ended

Sep. 30, 2024

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, 2024
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Interest rate swap contracts	$	10,142	$	—	$	10,142	$	—

Currency forward contracts	17		—		17		—

Total assets recorded at fair value	$	10,159	$	—	$	10,159	$	—

Liabilities

Cross-currency swap contracts	$	(8,535)	$	—	$	(8,535)	$	—
Currency forward contracts	(12,708)		—		(12,708)		—
Currency option contracts	(4,904)		—		(4,904)		—
Total liabilities recorded at fair value	$	(26,147)	$	—	$	(26,147)	$	—


	June 30, 2024
	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	$	18,830	$	—	$	18,830	$	—
Cross-currency swap contracts	1,043		—		1,043		—
Currency forward contracts	3,642		—		3,642		—
Currency option contracts	137		—		137		—
Total assets recorded at fair value	$	23,652	$	—	$	23,652	$	—

Liabilities


Currency forward contracts	$	(856)	$	—	$	(856)	$	—
Currency option contracts	(2,180)		—		(2,180)		—
Total liabilities recorded at fair value	$	(3,036)	$	—	$	(3,036)	$	—

During the three months ended September 30, 2024 and year ended June 30, 2024, 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 risks 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, 2024, 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.

Our held-to-maturity marketable securities are recognized at an amortized cost. As of September 30, 2024, we had no held-to-maturity securities. The following is a summary of the net carrying amount, unrealized losses, and fair value of held-to-maturity securities by type and contractual maturity as of June 30, 2024. The fair value was determined using quoted prices for identical assets in active markets, which fall into Level 1 under the fair value hierarchy. We did not record an allowance for credit losses and impairments for these marketable securities during the three months ended September 30, 2024 and 2023.


	June 30, 2024
	Amortized cost		Unrealized losses		Fair value
Due within one year or less:

Corporate debt securities	$	1,500	$	(1)	$	1,499
U.S. government securities	3,000		(4)		2,996





Total held-to-maturity securities	$	4,500	$	(5)	$	4,495

As of September 30, 2024 and June 30, 2024, 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, 2024 and June 30, 2024, the carrying value of our debt, excluding debt issuance costs and debt premiums and discounts, was $1,617,457 and $1,616,607, respectively, and the fair value was $1,628,102 and $1,617,364, respectively. Our debt at September 30, 2024 includes variable-rate debt instruments indexed to Term SOFR and Euribor that reset 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.

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

Noncontrolling interests

3 Months Ended

Sep. 30, 2024

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 own a minority portion of the equity. These noncontrolling interests span multiple businesses and reportable segments.

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


	Redeemable Noncontrolling Interest		Noncontrolling Interest








Balance as of June 30, 2024	$	22,998	$	634


Accretion to redemption value recognized in retained earnings (1)	503		—


Net income attributable to noncontrolling interests	96		69




Foreign currency translation	365		28
Balance as of September 30, 2024	$	23,962	$	731

_________________

Derivative Financial Instruments

3 Months Ended

Sep. 30, 2024

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 (expense) income, net.

Hedges of Interest Rate Risk

We enter into interest rate swap contracts to manage variability in the amount of our known or expected cash payments related to a portion of our debt. Our objective in using interest rate swaps is to add stability to interest expense and 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, 2024, we estimate that $1,935 of income will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending September 30, 2025. As of September 30, 2024, we had ten effective outstanding interest rate swap contracts that were indexed to Term or Daily SOFR. Our interest rate swap contracts have varying start and maturity dates through April 2028.


Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of September 30, 2024 (1)	$	215,000
Contracts with a future start date	430,000
Total	$	645,000

________________________

Hedges of Currency Risk

Cross-Currency Swap Contracts

We execute cross-currency swap contracts designated as net investment hedges. Cross-currency swaps involve an initial receipt of the notional amount in the hedged 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 net investment hedges are executed to mitigate our currency exposure of net investments in subsidiaries that have reporting currencies other than the U.S. dollar. As of September 30, 2024, we had one outstanding cross-currency swap contract designated as a net investment hedge with a total notional amount of $264,851, maturing during June 2028. We entered into the cross-currency swap contract to hedge the risk of changes in the U.S. dollar equivalent value of a portion of our net investment in a consolidated subsidiary that has the Euro as its functional currency. Amounts reported in accumulated other comprehensive loss are recognized as a component of our cumulative translation adjustment.

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. The impact of net investment hedges is recognized in accumulated other comprehensive loss as a component of translation adjustments, net of hedges, and would only be reclassified to earnings if the hedged subsidiaries were no longer consolidated entities.

As of September 30, 2024, we have one intercompany loan designated as a net investment hedge with a total notional amount of $51,569 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, 2024 and 2023, we experienced volatility within other (expense) income, net, in our consolidated statements of operations from unrealized gains and losses on the mark-to-market of outstanding currency forward and option contracts. We expect this volatility to continue in future periods for contracts for which we do not apply hedge accounting. Additionally, since our hedging objectives may be targeted at non-GAAP financial metrics that exclude non-cash items such as depreciation and amortization, we may experience volatility in our GAAP results as a result of our currency hedging program.

In most cases, we enter into these currency derivative contracts, for which we do not apply hedge accounting, in order to address the risk for certain currencies where we have a net exposure to adjusted EBITDA, a non-GAAP financial metric. Adjusted EBITDA exposures are our focus for the majority of our mark-to-market currency forward and option contracts because a similar metric is referenced within the debt covenants of our amended and restated senior secured credit agreement (refer to Note 8 for additional information about this agreement). Our most significant net currency exposures by volume are the Euro and the British Pound (GBP). Our adjusted EBITDA hedging approach results in addressing nearly all of our forecasted Euro and GBP net exposures for the upcoming twelve months, with a declining hedged percentage out to twenty-four months. For certain other

currencies with a smaller net impact, we hedge nearly all of our forecasted net exposures for the upcoming six months, with a declining hedge percentage out to fifteen months.

Notional Amount

Effective Date

Maturity Date

Number of Instruments

Index

$806,847

December 2022 through September 2024

Various dates through September 2026

655

Various

Financial Instrument Presentation


	September 30, 2024
	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	$	10,529	$	(387)	$	10,142	Other current liabilities / other liabilities	$	—	$	—	$	—


Derivatives in net investment hedging relationships
Cross-currency swaps	Other assets	—		—		—		Other liabilities	(8,535)		—		(8,535)

Total derivatives designated as hedging instruments		$	10,529	$	(387)	$	10,142		$	(8,535)	$	—	$	(8,535)

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	$	17	$	—	$	17	Other current liabilities / other liabilities	$	(13,375)	$	667	$	(12,708)
Currency option contracts	Other current assets / other assets	—		—		—		Other current liabilities / other liabilities	(4,904)		—		(4,904)
Total derivatives not designated as hedging instruments		$	17	$	—	$	17		$	(18,279)	$	667	$	(17,612)


	June 30, 2024
	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	$	18,830	$	—	$	18,830	Other liabilities	$	—	$	—	$	—

Derivatives in net investment hedging relationships
Cross-currency swaps	Other assets	1,043		—		1,043		Other liabilities	—		—		—

Total derivatives designated as hedging instruments		$	19,873	$	—	$	19,873		$	—	$	—	$	—

Derivatives not designated as hedging instruments


Currency forward contracts	Other current assets / other assets	$	5,549	$	(1,907)	$	3,642	Other current liabilities / other liabilities	$	(1,084)	$	228	$	(856)
Currency option contracts	Other current assets / other assets	212		(75)		137		Other current liabilities / other liabilities	(2,351)		171		(2,180)
Total derivatives not designated as hedging instruments		$	5,761	$	(1,982)	$	3,779		$	(3,435)	$	399	$	(3,036)


	Three Months Ended September 30,
	2024		2023
Derivatives in cash flow hedging relationships
Interest rate swaps	$	(8,399)	$	6,131
Cross-currency swaps	—		1,548
Derivatives in net investment hedging relationships

Intercompany loan	(2,129)		5,775
Currency forward contracts	—		(1,080)
Total	$	(10,528)	$	12,374

The following table presents reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2024 and 2023.


	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,
	2024		2023
Derivatives in cash flow hedging relationships
Interest rate swaps	$	321	$	(2,223)		Interest expense, net
Cross-currency swaps	—		(1,936)			Other (expense) income, net
Total before income tax	321		(4,159)			(Loss) income before income taxes
Income tax	(37)		611			Income tax expense
Total	$	284	$	(3,548)


	Amount of Gain (Loss) Recognized in Net Income (Loss)				Affected line item in the Statement of Operations
	Three Months Ended September 30,
	2024		2023
Currency contracts	$	(20,569)	$	8,312		Other (expense) income, net

Total	$	(20,569)	$	8,312