falsedesktopCMPR2020-12-31000126297621000008{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "(Mark One)\t\t\n☑\tQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\t\n\tFor the quarterly period ended\tDecember 31 2020\nor\t\t\n☐\tTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\t\n\tFor the transition period from to\t\n", "q10k_tbl_1": "\tPage\nPART I FINANCIAL INFORMATION\t\nItem 1. Financial Statements (unaudited)\t1\nConsolidated Balance Sheets as of December 31 2020 and June 30 2020\t1\nConsolidated Statements of Operations for the three and six months ended December 31 2020 and 2019\t2\nConsolidated Statements of Comprehensive Income for the three and six months ended December 31 2020 and 2019\t3\nConsolidated Statements of Shareholders' Equity (Deficit) for the three and six months ended December 31 2020 and 2019\t4\nConsolidated Statements of Cash Flows for the six months ended December 31 2020 and 2019\t6\nNotes to Consolidated Financial Statements\t7\nItem 2. Management's Discussion and Analysis of Financial Condition and Results of Operations\t28\nItem 3. Quantitative and Qualitative Disclosures About Market Risk\t42\nItem 4. Controls and Procedures\t43\nPART II OTHER INFORMATION\t\nItem 1A. Risk Factors\t44\nItem 2. Unregistered Sales of Equity Securities and Use of Proceeds\t44\nItem 6. Exhibits\t45\nSignatures\t46\n", "q10k_tbl_2": "\tDecember 31 2020\tJune 30 2020\nAssets\t\t\nCurrent assets:\t\t\nCash and cash equivalents\t36883\t45021\nAccounts receivable net of allowances of $10797 and $9651 respectively\t51404\t34596\nInventory\t85932\t80179\nPrepaid expenses and other current assets\t84965\t88608\nTotal current assets\t259184\t248404\nProperty plant and equipment net\t332824\t338659\nOperating lease assets net\t149851\t156258\nSoftware and website development costs net\t82581\t71465\nDeferred tax assets\t146814\t143496\nGoodwill\t726813\t621904\nIntangible assets net\t212078\t209228\nOther assets\t20368\t25592\nTotal assets\t1930513\t1815006\nLiabilities noncontrolling interests and shareholders' deficit\t\t\nCurrent liabilities:\t\t\nAccounts payable\t236540\t163891\nAccrued expenses\t291039\t210764\nDeferred revenue\t41913\t39130\nShort-term debt\t12603\t17933\nOperating lease liabilities current\t38315\t41772\nOther current liabilities\t40966\t13268\nTotal current liabilities\t661376\t486758\nDeferred tax liabilities\t30941\t33811\nLong-term debt\t1258535\t1415657\nOperating lease liabilities non-current\t122006\t128963\nOther liabilities\t157076\t88187\nTotal liabilities\t2229934\t2153376\nCommitments and contingencies (Note 13)\t\t\nRedeemable noncontrolling interests\t65510\t69106\nShareholders' deficit:\t\t\nPreferred shares nominal value €0.01 per share 100000000 shares authorized; none issued and outstanding\t0\t0\nOrdinary shares nominal value €0.01 per share 100000000 shares authorized; 44080627 shares issued; 26003649 and 25885675 shares outstanding respectively\t615\t615\nDeferred ordinary shares nominal value €1.00 per share 25000 shares authorized issued and outstanding\t28\t28\nTreasury shares at cost 18076978 and 18194952 shares respectively\t(1368723)\t(1376496)\nAdditional paid-in capital\t438863\t438616\nRetained earnings\t638883\t618437\nAccumulated other comprehensive loss\t(74597)\t(88676)\nTotal shareholders' deficit\t(364931)\t(407476)\nTotal liabilities noncontrolling interests and shareholders' deficit\t1930513\t1815006\n", "q10k_tbl_3": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nRevenue\t786145\t820333\t1372645\t1454292\t\t\t\t\t\t\nCost of revenue (1)\t385979\t394018\t684823\t719683\t\t\t\t\t\t\nTechnology and development expense (1)\t65036\t64427\t123525\t127594\t\t\t\t\t\t\nMarketing and selling expense (1)\t182322\t173336\t320472\t334253\t\t\t\t\t\t\nGeneral and administrative expense (1)\t42979\t51910\t84791\t95533\t\t\t\t\t\t\nAmortization of acquired intangible assets\t13453\t13150\t26758\t26168\t\t\t\t\t\t\nRestructuring expense (1)\t2182\t1897\t2096\t4087\t\t\t\t\t\t\nIncome from operations\t94194\t121595\t130180\t146974\t\t\t\t\t\t\nOther (expense) income net\t(17198)\t(9040)\t(25952)\t6634\t\t\t\t\t\t\nInterest expense net\t(30141)\t(15701)\t(60657)\t(30788)\t\t\t\t\t\t\nIncome before income taxes\t46855\t96854\t43571\t122820\t\t\t\t\t\t\nIncome tax expense (benefit)\t12954\t(93795)\t19748\t(87680)\t\t\t\t\t\t\nNet income\t33901\t190649\t23823\t210500\t\t\t\t\t\t\nAdd: Net income attributable to noncontrolling interest\t(1614)\t(426)\t(2291)\t(246)\t\t\t\t\t\t\nNet income attributable to Cimpress plc\t32287\t190223\t21532\t210254\t\t\t\t\t\t\nBasic net income per share attributable to Cimpress plc\t1.24\t7.04\t0.83\t7.41\t\t\t\t\t\t\nDiluted net income per share attributable to Cimpress plc\t1.22\t6.81\t0.82\t7.19\t\t\t\t\t\t\nWeighted average shares outstanding - basic\t26003649\t27036675\t25974823\t28391855\t\t\t\t\t\t\nWeighted average shares outstanding - diluted\t26384460\t27916759\t26390273\t29223116\t\t\t\t\t\t\n", "q10k_tbl_4": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nCost of revenue\t34\t97\t134\t185\t\t\t\t\t\t\nTechnology and development expense\t1215\t2043\t3406\t3777\t\t\t\t\t\t\nMarketing and selling expense\t754\t533\t2439\t(778)\t\t\t\t\t\t\nGeneral and administrative expense\t3240\t5652\t7547\t9891\t\t\t\t\t\t\nRestructuring expense\t0\t108\t0\t772\t\t\t\t\t\t\n", "q10k_tbl_5": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nNet income\t33901\t190649\t23823\t210500\t\t\t\t\t\t\nOther comprehensive income net of tax:\t\t\t\t\t\t\t\t\t\t\nForeign currency translation gains net of hedges\t13946\t3180\t14763\t1620\t\t\t\t\t\t\nNet unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges\t3802\t6131\t7638\t(1057)\t\t\t\t\t\t\nAmounts reclassified from accumulated other comprehensive (loss) income to net income on derivative instruments\t(3226)\t(1145)\t(5297)\t3006\t\t\t\t\t\t\nLoss on pension benefit obligation net\t0\t0\t(336)\t0\t\t\t\t\t\t\nComprehensive income\t48423\t198815\t40591\t214069\t\t\t\t\t\t\nAdd: Comprehensive (income) loss attributable to noncontrolling interests\t(2877)\t(1122)\t(4980)\t548\t\t\t\t\t\t\nTotal comprehensive income attributable to Cimpress plc\t45546\t197693\t35611\t214617\t\t\t\t\t\t\n", "q10k_tbl_6": "\tOrdinary Shares\t\tDeferred Ordinary Shares\t\tTreasury Shares\t\t\t\t\t\n\tNumber of Shares Issued\tAmount\tNumber of Shares Issued\tAmount\tNumber of Shares\tAmount\tAdditional Paid-in Capital\tRetained Earnings\tAccumulated Other Comprehensive Loss\tTotal Shareholders' Equity (Deficit)\nBalance at June 30 2019\t44080\t615\t0\t0\t(13635)\t(737447)\t411079\t537422\t(79857)\t131812\nRestricted share units vested net of shares withheld for taxes\t0\t0\t0\t0\t4\t87\t(259)\t0\t0\t(172)\nGrant of restricted share awards\t0\t0\t0\t0\t(2)\t(187)\t0\t0\t0\t(187)\nShare-based compensation expense\t0\t0\t0\t0\t0\t0\t5164\t0\t0\t5164\nPurchase of ordinary shares\t0\t0\t0\t0\t(1964)\t(232286)\t0\t0\t0\t(232286)\nNet income attributable to Cimpress plc\t0\t0\t0\t0\t0\t0\t0\t20031\t0\t20031\nAdoption of new accounting standards\t0\t0\t0\t0\t0\t0\t0\t3143\t0\t3143\nNet unrealized loss on derivative instruments designated and qualifying as cash flow hedges\t0\t0\t0\t0\t0\t0\t0\t0\t(3037)\t(3037)\nForeign currency translation net of hedges\t0\t0\t0\t0\t0\t0\t0\t0\t(70)\t(70)\nBalance at September 30 2019\t44080\t615\t0\t0\t(15597)\t(969833)\t415984\t560596\t(82964)\t(75602)\nRestricted share units vested net of shares withheld for taxes\t0\t0\t0\t0\t1\t55\t(152)\t0\t0\t(97)\nIssuance of ordinary shares due to share option exercises net of shares withheld for taxes\t0\t0\t0\t0\t1\t8\t(2)\t0\t0\t6\nIssuance of deferred ordinary shares\t0\t0\t25\t28\t0\t0\t0\t0\t0\t28\nShare-based compensation expense\t0\t0\t0\t0\t0\t0\t8228\t0\t0\t8228\nPurchase of ordinary shares\t0\t0\t0\t0\t(2280)\t(305287)\t0\t0\t0\t(305287)\nNet income attributable to Cimpress plc\t0\t0\t0\t0\t0\t0\t0\t190223\t0\t190223\nRedeemable noncontrolling interest accretion to redemption value\t0\t0\t0\t0\t0\t0\t0\t(5493)\t0\t(5493)\nNet unrealized gain on derivative instruments designated and qualifying as cash flow hedges\t0\t0\t0\t0\t0\t0\t0\t0\t4986\t4986\nForeign currency translation net of hedges\t0\t0\t0\t0\t0\t0\t0\t0\t2484\t2484\nBalance at December 31 2019\t44080\t615\t25\t28\t(17875)\t(1275057)\t424058\t745326\t(75494)\t(180524)\n", "q10k_tbl_7": "\tOrdinary Shares\t\tDeferred Ordinary Shares\t\tTreasury Shares\t\t\t\t\t\n\tNumber of Shares Issued\tAmount\tNumber of Shares Issued\tAmount\tNumber of Shares\tAmount\tAdditional Paid-in Capital\tRetained Earnings\tAccumulated Other Comprehensive Loss\tTotal Shareholders' Equity (Deficit)\nBalance at June 30 2020\t44080\t615\t25\t28\t(18195)\t(1376496)\t438616\t618437\t(88676)\t(407476)\nRestricted share units vested net of shares withheld for taxes\t0\t0\t0\t0\t118\t7773\t(13366)\t0\t0\t(5593)\nShare-based compensation expense\t0\t0\t0\t0\t0\t0\t8577\t0\t0\t8577\nNet loss attributable to Cimpress plc\t0\t0\t0\t0\t0\t0\t0\t(10755)\t0\t(10755)\nNet unrealized gain on derivative instruments designated and qualifying as cash flow hedges\t0\t0\t0\t0\t0\t0\t0\t0\t1765\t1765\nForeign currency translation net of hedges\t0\t0\t0\t0\t0\t0\t0\t0\t(609)\t(609)\nUnrealized loss on pension benefit obligation net of tax\t0\t0\t0\t0\t0\t0\t0\t0\t(336)\t(336)\nBalance at September 30 2020\t44080\t615\t25\t28\t(18077)\t(1368723)\t433827\t607682\t(87856)\t(414427)\nShare-based compensation expense\t0\t0\t0\t0\t0\t0\t5036\t0\t0\t5036\nNet income attributable to Cimpress plc\t0\t0\t0\t0\t0\t0\t0\t32287\t0\t32287\nRedeemable noncontrolling interest accretion to redemption value\t0\t0\t0\t0\t0\t0\t0\t(1086)\t0\t(1086)\nNet unrealized gain on derivative instruments designated and qualifying as cash flow hedges\t0\t0\t0\t0\t0\t0\t0\t0\t576\t576\nForeign currency translation net of hedges\t0\t0\t0\t0\t0\t0\t0\t0\t12683\t12683\nBalance at December 31 2020\t44080\t615\t25\t28\t(18077)\t(1368723)\t438863\t638883\t(74597)\t(364931)\n", "q10k_tbl_8": "\tSix Months Ended December 31\t\n\t2020\t2019\t\t\t\t\t\t\t\t\t\nOperating activities\t\t\t\t\t\t\t\t\t\t\t\nNet income\t23823\t210500\t\t\t\t\t\t\t\t\t\nAdjustments to reconcile net income to net cash provided by operating activities:\t\t\t\t\t\t\t\t\t\t\t\nDepreciation and amortization\t85887\t84891\t\t\t\t\t\t\t\t\t\nShare-based compensation expense\t13526\t13847\t\t\t\t\t\t\t\t\t\nDeferred taxes\t2681\t(105575)\t\t\t\t\t\t\t\t\t\nUnrealized loss on derivatives not designated as hedging instruments included in net income\t32545\t7548\t\t\t\t\t\t\t\t\t\nEffect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency\t(3132)\t1359\t\t\t\t\t\t\t\t\t\nOther non-cash items\t4829\t3045\t\t\t\t\t\t\t\t\t\nChanges in operating assets and liabilities:\t\t\t\t\t\t\t\t\t\t\t\nAccounts receivable\t(14259)\t(8240)\t\t\t\t\t\t\t\t\t\nInventory\t510\t(10680)\t\t\t\t\t\t\t\t\t\nPrepaid expenses and other assets\t78\t(2255)\t\t\t\t\t\t\t\t\t\nAccounts payable\t60800\t24432\t\t\t\t\t\t\t\t\t\nAccrued expenses and other liabilities\t48880\t46225\t\t\t\t\t\t\t\t\t\nNet cash provided by operating activities\t256168\t265097\t\t\t\t\t\t\t\t\t\nInvesting activities\t\t\t\t\t\t\t\t\t\t\t\nPurchases of property plant and equipment\t(16790)\t(28094)\t\t\t\t\t\t\t\t\t\nBusiness acquisitions net of cash acquired\t(36395)\t(4272)\t\t\t\t\t\t\t\t\t\nCapitalization of software and website development costs\t(26445)\t(23417)\t\t\t\t\t\t\t\t\t\nProceeds from the sale of assets\t3372\t847\t\t\t\t\t\t\t\t\t\nOther investing activities\t(419)\t1120\t\t\t\t\t\t\t\t\t\nNet cash used in investing activities\t(76677)\t(53816)\t\t\t\t\t\t\t\t\t\nFinancing activities\t\t\t\t\t\t\t\t\t\t\t\nProceeds from borrowings of debt\t301000\t634085\t\t\t\t\t\t\t\t\t\nPayments of debt\t(472469)\t(292446)\t\t\t\t\t\t\t\t\t\nPayments of debt issuance costs\t(1051)\t0\t\t\t\t\t\t\t\t\t\nPayments of purchase consideration included in acquisition-date fair value\t(648)\t0\t\t\t\t\t\t\t\t\t\nPayments of withholding taxes in connection with equity awards\t(5592)\t(462)\t\t\t\t\t\t\t\t\t\nPayments of finance lease obligations\t(3275)\t(5364)\t\t\t\t\t\t\t\t\t\nPurchase of noncontrolling interests\t(5063)\t0\t\t\t\t\t\t\t\t\t\nPurchase of ordinary shares\t0\t(537573)\t\t\t\t\t\t\t\t\t\nProceeds from issuance of ordinary shares\t0\t6\t\t\t\t\t\t\t\t\t\nDistribution to noncontrolling interest\t(4599)\t(3921)\t\t\t\t\t\t\t\t\t\nOther financing activities\t(57)\t(1715)\t\t\t\t\t\t\t\t\t\nNet cash used in financing activities\t(191754)\t(207390)\t\t\t\t\t\t\t\t\t\nEffect of exchange rate changes on cash\t4125\t(2253)\t\t\t\t\t\t\t\t\t\nNet decrease in cash and cash equivalents\t(8138)\t1638\t\t\t\t\t\t\t\t\t\nCash and cash equivalents at beginning of period\t45021\t35279\t\t\t\t\t\t\t\t\t\nCash and cash equivalents at end of period\t36883\t36917\t\t\t\t\t\t\t\t\t\nSupplemental disclosures of cash flow information:\t\t\t\t\t\t\t\t\t\t\t\nCash paid during the period for:\t\t\t\t\t\t\t\t\t\t\t\nInterest\t58299\t33313\t\t\t\t\t\t\t\t\t\nIncome taxes\t4991\t5183\t\t\t\t\t\t\t\t\t\nNon-cash investing and financing activities:\t\t\t\t\t\t\t\t\t\t\t\nProperty and equipment acquired under finance leases\t150\t140\t\t\t\t\t\t\t\t\t\nAmounts accrued related to business acquisitions\t45369\t2831\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_9": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\n(Losses) gains on derivatives not designated as hedging instruments (1)\t(19020)\t(11666)\t(32515)\t7691\t\t\t\t\t\t\nCurrency-related gains (losses) net (2)\t1809\t2645\t5884\t(767)\t\t\t\t\t\t\nOther gains (losses)\t13\t(19)\t679\t(290)\t\t\t\t\t\t\nTotal other (expense) income net\t(17198)\t(9040)\t(25952)\t6634\t\t\t\t\t\t\n", "q10k_tbl_10": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nWeighted average shares outstanding basic\t26003649\t27036675\t25974823\t28391855\t\t\t\t\t\t\nWeighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants\t380811\t880084\t415450\t831261\t\t\t\t\t\t\nShares used in computing diluted net income per share attributable to Cimpress plc\t26384460\t27916759\t26390273\t29223116\t\t\t\t\t\t\nWeighted average anti-dilutive shares excluded from diluted net income per share attributable to Cimpress plc (1)\t3129\t0\t1565\t0\t\t\t\t\t\t\n", "q10k_tbl_11": "\tDecember 31 2020\t\t\t\n\tTotal\tQuoted Prices in Active Markets for Identical Assets (Level 1)\tSignificant Other Observable Inputs (Level 2)\tSignificant Unobservable Inputs (Level 3)\nAssets\t\t\t\t\nCurrency forward contracts\t692\t0\t692\t0\nTotal assets recorded at fair value\t692\t0\t692\t0\nLiabilities\t\t\t\t\nInterest rate swap contracts\t(32999)\t0\t(32999)\t0\nCross-currency swap contracts\t(14622)\t0\t(14622)\t0\nCurrency forward contracts\t(41764)\t0\t(41764)\t0\nCurrency option contracts\t(4274)\t0\t(4274)\t0\nTotal liabilities recorded at fair value\t(93659)\t0\t(93659)\t0\n", "q10k_tbl_12": "\tJune 30 2020\t\t\t\n\tTotal\tQuoted Prices in Active Markets for Identical Assets (Level 1)\tSignificant Other Observable Inputs (Level 2)\tSignificant Unobservable Inputs (Level 3)\nAssets\t\t\t\t\nInterest rate swap contracts\t4462\t0\t4462\t0\nCurrency forward contracts\t7949\t0\t7949\t0\nCurrency option contracts\t1429\t0\t1429\t0\nTotal assets recorded at fair value\t13840\t0\t13840\t0\nLiabilities\t\t\t\t\nInterest rate swap contracts\t(39520)\t0\t(39520)\t0\nCross-currency swap contracts\t(4746)\t0\t(4746)\t0\nCurrency forward contracts\t(8519)\t0\t(8519)\t0\nCurrency option contracts\t(38)\t0\t(38)\t0\nTotal liabilities recorded at fair value\t(52823)\t0\t(52823)\t0\n", "q10k_tbl_13": "Interest rate swap contracts outstanding:\tNotional Amounts\nContracts accruing interest as of December 31 2020\t500000\nContracts with a future start date\t50000\nTotal\t550000\n", "q10k_tbl_14": "Notional Amount\tEffective Date\tMaturity Date\tNumber of Instruments\tIndex\n484660\tMarch 2019 through December 2020\tVarious dates through October 2024\t602\tVarious\n", "q10k_tbl_15": "\tDecember 31 2020\t\t\t\t\t\t\t\n\tAsset Derivatives\t\t\t\tLiability Derivatives\t\t\t\n\tBalance Sheet line item\tGross amounts of recognized assets\tGross amount offset in Consolidated Balance Sheet\tNet amount\tBalance Sheet line item\tGross amounts of recognized liabilities\tGross amount offset in Consolidated Balance Sheet\tNet amount\nDerivatives designated as hedging instruments\t\t\t\t\t\t\t\t\nDerivatives in cash flow hedging relationships\t\t\t\t\t\t\t\t\nInterest rate swaps\tOther current assets / other assets\t0\t0\t0\tOther liabilities\t(20839)\t0\t(20839)\nCross-currency swaps\tOther assets\t0\t0\t0\tOther liabilities\t(14622)\t0\t(14622)\nDerivatives in net investment hedging relationships\t\t\t\t\t\t\t\t\nCurrency forward contracts\tOther assets\t0\t0\t0\tOther current liabilities / other liabilities\t(25758)\t0\t(25758)\nTotal derivatives designated as hedging instruments\t\t0\t0\t0\t\t(61219)\t0\t(61219)\nDerivatives not designated as hedging instruments\t\t\t\t\t\t\t\t\nInterest rate swaps\tOther assets\t0\t0\t0\tOther liabilities\t(12160)\t0\t(12160)\nCurrency forward contracts\tOther current assets / other assets\t772\t(80)\t692\tOther current liabilities / other liabilities\t(18548)\t2542\t(16006)\nCurrency option contracts\tOther current assets / other assets\t0\t0\t0\tOther current liabilities / other liabilities\t(4274)\t0\t(4274)\nTotal derivatives not designated as hedging instruments\t\t772\t(80)\t692\t\t(34982)\t2542\t(32440)\n", "q10k_tbl_16": "\tJune 30 2020\t\t\t\t\t\t\t\n\tAsset Derivatives\t\t\t\tLiability Derivatives\t\t\t\n\tBalance Sheet line item\tGross amounts of recognized assets\tGross amount offset in Consolidated Balance Sheet\tNet amount\tBalance Sheet line item\tGross amounts of recognized liabilities\tGross amount offset in Consolidated Balance Sheet\tNet amount\nDerivatives designated as hedging instruments\t\t\t\t\t\t\t\t\nDerivatives in cash flow hedging relationships\t\t\t\t\t\t\t\t\nInterest rate swaps\tOther current assets / other assets\t0\t0\t0\tOther liabilities\t(31161)\t0\t(31161)\nCross-currency swaps\tOther assets\t4462\t0\t4462\tOther liabilities\t(4746)\t0\t(4746)\nDerivatives in net investment hedging relationships\t\t\t\t\t\t\t\t\nCurrency forward contracts\tOther assets\t0\t0\t0\tOther current liabilities / other liabilities\t(6829)\t0\t(6829)\nTotal derivatives designated as hedging instruments\t\t4462\t0\t4462\t\t(42736)\t0\t(42736)\nDerivatives not designated as hedging instruments\t\t\t\t\t\t\t\t\nInterest rate swaps\tOther assets\t0\t0\t0\tOther liabilities\t(8359)\t0\t(8359)\nCurrency forward contracts\tOther current assets / other assets\t9702\t(1753)\t7949\tOther current liabilities / other liabilities\t(2136)\t446\t(1690)\nCurrency option contracts\tOther current assets / other assets\t1699\t(270)\t1429\tOther current liabilities / other liabilities\t(38)\t0\t(38)\nTotal derivatives not designated as hedging instruments\t\t11401\t(2023)\t9378\t\t(10533)\t446\t(10087)\n", "q10k_tbl_17": "\tAmount of Net (Loss) Gain on Derivatives Recognized in Comprehensive Income\t\t\t\n\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nDerivatives in cash flow hedging relationships\t\t\t\t\t\t\t\t\t\t\nInterest rate swaps\t731\t4394\t1142\t(196)\t\t\t\t\t\t\nCross-currency swaps\t3071\t1737\t6496\t(861)\t\t\t\t\t\t\nDerivatives in net investment hedging relationships\t\t\t\t\t\t\t\t\t\t\nCurrency forward contracts\t(7294)\t(4153)\t(24832)\t8565\t\t\t\t\t\t\nTotal\t(3492)\t1978\t(17194)\t7508\t\t\t\t\t\t\n", "q10k_tbl_18": "\tAmount of Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income\t\t\t\tAffected line item in the Statement of Operations\n\tThree Months Ended December 31\t\tSix Months Ended December 31\t\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\t\nDerivatives in cash flow hedging relationships\t\t\t\t\t\t\t\t\t\t\t\nInterest rate swaps\t2001\t485\t4623\t455\t\t\t\t\tInterest expense net\t\t\nCross-currency swaps\t(5525)\t(2026)\t(10292)\t3538\t\t\t\t\tOther (expense) income net\t\t\nTotal before income tax\t(3524)\t(1541)\t(5669)\t3993\t\t\t\t\tIncome before income taxes\t\t\nIncome tax\t298\t396\t372\t(987)\t\t\t\t\tIncome tax expense (benefit)\t\t\nTotal\t(3226)\t(1145)\t(5297)\t3006\t\t\t\t\t\t\t\n", "q10k_tbl_19": "\tAmount of Gain (Loss) Recognized in Net Income\t\t\t\t\tAffected line item in the Statement of Operations\n\t\tThree Months Ended December 31\t\tSix Months Ended December 31\t\t\n\t\t2020\t2019\t2020\t2019\t\t\t\t\t\t\t\nCurrency contracts\t\t(19496)\t(11666)\t(32964)\t7691\t\t\t\t\tOther (expense) income net\t\t\nInterest rate swaps\t\t476\t0\t449\t0\t\t\t\t\tOther (expense) income net\t\t\nTotal\t\t(19020)\t(11666)\t(32515)\t7691\t\t\t\t\t\t\t\n", "q10k_tbl_20": "\tGains (losses) on cash flow hedges (1)\tLosses on pension benefit obligation\tTranslation adjustments net of hedges (2)\tTotal\nBalance as of June 30 2020\t(30078)\t(1399)\t(57199)\t(88676)\nOther comprehensive income (loss) before reclassifications\t7638\t(336)\t12074\t19376\nAmounts reclassified from accumulated other comprehensive loss to net income\t(5297)\t0\t0\t(5297)\nNet current period other comprehensive income (loss)\t2341\t(336)\t12074\t14079\nBalance as of December 31 2020\t(27737)\t(1735)\t(45125)\t(74597)\n", "q10k_tbl_21": "\tVistaprint\tPrintBrothers\tThe Print Group\tAll Other Businesses\tTotal\nBalance as of June 30 2020\t150846\t129764\t155197\t186097\t621904\nAcquisitions (1)\t71401\t0\t0\t0\t71401\nEffect of currency translation adjustments (2)\t6939\t12098\t14471\t0\t33508\nBalance as of December 31 2020\t229186\t141862\t169668\t186097\t726813\n", "q10k_tbl_22": "\tAmount\tWeighted Average Useful Life in Years\nTangible assets acquired and liabilities assumed:\t\t\nCash and cash equivalents\t8603\tn/a\nAccounts receivable net\t494\tn/a\nPrepaid expenses and other current assets\t1167\tn/a\nProperty plant and equipment net\t73\tn/a\nOther assets\t142\tn/a\nAccounts payable\t(220)\tn/a\nAccrued expenses\t(6679)\tn/a\nDeferred revenue\t(5806)\tn/a\nOther liabilities\t(1234)\tn/a\nIdentifiable intangible assets\t\t\nTrade name\t1550\t2 years\nDeveloped technology\t13400\t3 years\nDesigner network\t5800\t7 years\nGoodwill\t71401\tn/a\nTotal purchase price\t88691\tn/a\n", "q10k_tbl_23": "\tDecember 31 2020\tJune 30 2020\nCompensation costs\t68179\t67307\nIncome and indirect taxes (1)\t75875\t53161\nAdvertising costs (1)\t46507\t14746\nInterest payable\t7397\t8359\nProduction costs (1)\t12049\t7012\nSales returns\t5993\t5166\nShipping costs (1)\t12657\t5080\nProfessional fees\t3016\t3452\nPurchases of property plant and equipment\t523\t1685\nOther\t58843\t44796\nTotal accrued expenses\t291039\t210764\n", "q10k_tbl_24": "\tDecember 31 2020\tJune 30 2020\nCurrent portion of finance lease obligations\t8815\t8055\nShort-term derivative liabilities\t27210\t3521\nOther\t4941\t1692\nTotal other current liabilities\t40966\t13268\n", "q10k_tbl_25": "\tDecember 31 2020\tJune 30 2020\nLong-term finance lease obligations\t16132\t18617\nLong-term derivative liabilities\t69071\t51800\nOther (1)\t71873\t17770\nTotal other liabilities\t157076\t88187\n", "q10k_tbl_26": "\tDecember 31 2020\tJune 30 2020\n7.0% Senior unsecured notes due 2026\t600000\t600000\nSenior secured credit facility\t404375\t570483\n12.0% Second lien notes due 2025\t300000\t300000\nOther\t10997\t11694\nDebt issuance costs and debt premiums (discounts)\t(44234)\t(48587)\nTotal debt outstanding net\t1271138\t1433590\nLess: short-term debt (1)\t12603\t17933\nLong-term debt\t1258535\t1415657\n", "q10k_tbl_27": "\tRedeemable noncontrolling interests\nBalance as of June 30 2020\t69106\nAccretion to redemption value recognized in retained earnings\t1086\nNet income attributable to noncontrolling interest\t2291\nDistribution to noncontrolling interest\t(4599)\nPurchase of noncontrolling interest\t(5063)\nForeign currency translation\t2689\nBalance as of December 31 2020\t65510\n", "q10k_tbl_28": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nRevenue (1):\t\t\t\t\t\t\t\t\t\t\nVistaprint\t436317\t433305\t765608\t776476\t\t\t\t\t\t\nPrintBrothers\t121806\t126617\t221918\t235907\t\t\t\t\t\t\nThe Print Group\t76204\t87699\t142641\t159957\t\t\t\t\t\t\nNational Pen\t114692\t127985\t182341\t198148\t\t\t\t\t\t\nAll Other Businesses\t55365\t49774\t98843\t92050\t\t\t\t\t\t\nTotal segment revenue\t804384\t825380\t1411351\t1462538\t\t\t\t\t\t\nInter-segment eliminations\t(18239)\t(5047)\t(38706)\t(8246)\t\t\t\t\t\t\nTotal consolidated revenue\t786145\t820333\t1372645\t1454292\t\t\t\t\t\t\n", "q10k_tbl_29": "\tThree Months Ended December 31 2020\t\t\t\t\t\n\tVistaprint\tPrintBrothers\tThe Print Group\tNational Pen\tAll Other\tTotal\nRevenue by Geographic Region:\t\t\t\t\t\t\nNorth America\t268736\t0\t0\t48678\t49662\t367076\nEurope\t126877\t121564\t69343\t47578\t0\t365362\nOther\t40033\t0\t0\t8699\t4975\t53707\nInter-segment\t671\t242\t6861\t9737\t728\t18239\nTotal segment revenue\t436317\t121806\t76204\t114692\t55365\t804384\nLess: inter-segment elimination\t(671)\t(242)\t(6861)\t(9737)\t(728)\t(18239)\nTotal external revenue\t435646\t121564\t69343\t104955\t54637\t786145\n", "q10k_tbl_30": "\tSix Months Ended December 31 2020\t\t\t\t\t\n\tVistaprint\tPrintBrothers\tThe Print Group\tNational Pen\tAll Other\tTotal\nRevenue by Geographic Region:\t\t\t\t\t\t\nNorth America\t500831\t0\t0\t78999\t88606\t668436\nEurope\t204125\t221505\t129721\t68182\t0\t623533\nOther\t59559\t0\t0\t12347\t8770\t80676\nInter-segment\t1093\t413\t12920\t22813\t1467\t38706\nTotal segment revenue\t765608\t221918\t142641\t182341\t98843\t1411351\nLess: inter-segment elimination\t(1093)\t(413)\t(12920)\t(22813)\t(1467)\t(38706)\nTotal external revenue\t764515\t221505\t129721\t159528\t97376\t1372645\n", "q10k_tbl_31": "\tThree Months Ended December 31 2019\t\t\t\t\t\n\tVistaprint\tPrintBrothers\tThe Print Group\tNational Pen\tAll Other\tTotal\nRevenue by Geographic Region:\t\t\t\t\t\t\nNorth America\t284345\t0\t0\t54400\t44221\t382966\nEurope\t121143\t126288\t86713\t60887\t0\t395031\nOther\t25292\t0\t0\t11732\t5312\t42336\nInter-segment\t2525\t329\t986\t966\t241\t5047\nTotal segment revenue\t433305\t126617\t87699\t127985\t49774\t825380\nLess: inter-segment elimination\t(2525)\t(329)\t(986)\t(966)\t(241)\t(5047)\nTotal external revenue\t430780\t126288\t86713\t127019\t49533\t820333\n", "q10k_tbl_32": "\tSix Months Ended December 31 2019\t\t\t\t\t\n\tVistaprint\tPrintBrothers\tThe Print Group\tNational Pen\tAll Other\tTotal\nRevenue by Geographic Region:\t\t\t\t\t\t\nNorth America\t531430\t0\t0\t95942\t79627\t706999\nEurope\t195601\t235335\t158539\t83200\t0\t672675\nOther\t45592\t0\t0\t17059\t11967\t74618\nInter-segment\t3853\t572\t1418\t1947\t456\t8246\nTotal segment revenue\t776476\t235907\t159957\t198148\t92050\t1462538\nLess: inter-segment elimination\t(3853)\t(572)\t(1418)\t(1947)\t(456)\t(8246)\nTotal external revenue\t772623\t235335\t158539\t196201\t91594\t1454292\n", "q10k_tbl_33": "\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\n\t2020\t2019\t\t2020\t2019\t\t\t\t\t\t\t\t\t\t\t\t\nSegment EBITDA:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nVistaprint\t112331\t138858\t\t202488\t226161\t\t\t\t\t\t\t\t\t\t\t\t\nPrintBrothers\t16457\t16459\t\t26172\t27236\t\t\t\t\t\t\t\t\t\t\t\t\nThe Print Group\t12569\t18105\t\t24752\t31739\t\t\t\t\t\t\t\t\t\t\t\t\nNational Pen\t18728\t28099\t\t8057\t18249\t\t\t\t\t\t\t\t\t\t\t\t\nAll Other Businesses\t10657\t3668\t\t19266\t5385\t\t\t\t\t\t\t\t\t\t\t\t\nTotal segment EBITDA\t170742\t205189\t\t280735\t308770\t\t\t\t\t\t\t\t\t\t\t\t\nCentral and corporate costs\t(30984)\t(38405)\t\t(62004)\t(72058)\t\t\t\t\t\t\t\t\t\t\t\t\nDepreciation and amortization\t(43597)\t(42356)\t\t(85887)\t(84891)\t\t\t\t\t\t\t\t\t\t\t\t\nCertain impairments and other adjustments\t215\t(936)\t\t(568)\t(760)\t\t\t\t\t\t\t\t\t\t\t\t\nRestructuring-related charges\t(2182)\t(1897)\t\t(2096)\t(4087)\t\t\t\t\t\t\t\t\t\t\t\t\nTotal income from operations\t94194\t121595\t\t130180\t146974\t\t\t\t\t\t\t\t\t\t\t\t\nOther (expense) income net\t(17198)\t(9040)\t0\t(25952)\t6634\t\t\t\t\t\t\t\t\t\t\t\t\nInterest expense net\t(30141)\t(15701)\t0\t(60657)\t(30788)\t\t\t\t\t\t\t\t\t\t\t\t\nIncome before income taxes\t46855\t96854\t\t43571\t122820\t\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_34": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nDepreciation and amortization:\t\t\t\t\t\t\t\t\t\t\nVistaprint\t14952\t15042\t28539\t30682\t\t\t\t\t\t\nPrintBrothers\t5509\t5553\t10971\t10808\t\t\t\t\t\t\nThe Print Group\t6641\t6609\t13222\t12842\t\t\t\t\t\t\nNational Pen\t6255\t5523\t12322\t11104\t\t\t\t\t\t\nAll Other Businesses\t4391\t5888\t10259\t11861\t\t\t\t\t\t\nCentral and corporate costs\t5849\t3741\t10574\t7594\t\t\t\t\t\t\nTotal depreciation and amortization\t43597\t42356\t85887\t84891\t\t\t\t\t\t\n", "q10k_tbl_35": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nPurchases of property plant and equipment:\t\t\t\t\t\t\t\t\t\t\nVistaprint\t2515\t6192\t4449\t10697\t\t\t\t\t\t\nPrintBrothers\t213\t668\t1138\t999\t\t\t\t\t\t\nThe Print Group\t3043\t4889\t5930\t8994\t\t\t\t\t\t\nNational Pen\t1372\t761\t2824\t2777\t\t\t\t\t\t\nAll Other Businesses\t1014\t595\t1968\t2370\t\t\t\t\t\t\nCentral and corporate costs\t250\t796\t481\t2257\t\t\t\t\t\t\nTotal purchases of property plant and equipment\t8407\t13901\t16790\t28094\t\t\t\t\t\t\n", "q10k_tbl_36": "\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nCapitalization of software and website development costs:\t\t\t\t\t\t\t\t\t\t\nVistaprint\t4429\t4357\t11416\t9779\t\t\t\t\t\t\nPrintBrothers\t185\t291\t591\t622\t\t\t\t\t\t\nThe Print Group\t433\t424\t663\t875\t\t\t\t\t\t\nNational Pen\t355\t979\t1069\t1815\t\t\t\t\t\t\nAll Other Businesses\t681\t1116\t1742\t2079\t\t\t\t\t\t\nCentral and corporate costs\t5558\t3779\t10964\t8247\t\t\t\t\t\t\nTotal capitalization of software and website development costs\t11641\t10946\t26445\t23417\t\t\t\t\t\t\n", "q10k_tbl_37": "\tDecember 31 2020\tJune 30 2020\nLong-lived assets (1):\t\t\nUnited States\t147268\t161853\nNetherlands\t81187\t82897\nCanada\t61080\t67367\nSwitzerland\t65197\t58013\nItaly\t48326\t46317\nJamaica\t21309\t21563\nAustralia\t21809\t19695\nFrance\t24933\t23917\nJapan\t16399\t15430\nOther\t97686\t94922\nTotal\t585194\t591974\n", "q10k_tbl_38": "\tSeverance and Related Benefits\tOther Restructuring Costs\tTotal\nAccrued restructuring liability as of June 30 2020\t5969\t77\t6046\nRestructuring charges\t1453\t643\t2096\nCash payments\t(3961)\t0\t(3961)\nNon-cash charges (1)\t0\t(643)\t(643)\nAccrued restructuring liability as of December 31 2020\t3461\t77\t3538\n", "q10k_tbl_39": "In thousands\tThree Months Ended December 31\t\t\tCurrency Impact:\tConstant- Currency\tImpact of Acquisitions/Divestitures:\tConstant- Currency Revenue Growth\n\t2020\t2019\t% Change\t(Favorable)/Unfavorable\tRevenue Growth (1)\t(Favorable)/Unfavorable\tExcluding Acquisitions/Divestitures (2)\nVistaprint (3)\t436317\t433305\t1%\t(3)%\t(2)%\t(4)%\t(6)%\nPrintBrothers\t121806\t126617\t(4)%\t(7)%\t(11)%\t-%\t(11)%\nThe Print Group\t76204\t87699\t(13)%\t(6)%\t(19)%\t-%\t(19)%\nNational Pen\t114692\t127985\t(10)%\t(3)%\t(13)%\t-%\t(13)%\nAll Other Businesses\t55365\t49774\t11%\t3%\t14%\t-%\t14%\nInter-segment eliminations\t(18239)\t(5047)\t\t\t\t\t\nTotal revenue\t786145\t820333\t(4)%\t(3)%\t(7)%\t(2)%\t(9)%\n", "q10k_tbl_40": "In thousands\tSix Months Ended December 31\t\t\tCurrency Impact:\tConstant- Currency\tImpact of Acquisitions/Divestitures:\tConstant- Currency Revenue Growth\n\t2020\t2019\t% Change\t(Favorable)/Unfavorable\tRevenue Growth (1)\t(Favorable)/Unfavorable\tExcluding Acquisitions/Divestitures (2)\nVistaprint (3)\t765608\t776476\t(1)%\t(2)%\t(3)%\t(2)%\t(5)%\nPrintBrothers\t221918\t235907\t(6)%\t(6)%\t(12)%\t(1)%\t(13)%\nThe Print Group\t142641\t159957\t(11)%\t(5)%\t(16)%\t-%\t(16)%\nNational Pen\t182341\t198148\t(8)%\t(2)%\t(10)%\t-%\t(10)%\nAll Other Businesses\t98843\t92050\t7%\t3%\t10%\t-%\t10%\nInter-segment eliminations\t(38706)\t(8246)\t\t\t\t\t\nTotal revenue\t1372645\t1454292\t(6)%\t(2)%\t(8)%\t(2)%\t(10)%\n", "q10k_tbl_41": "In thousands\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nCost of revenue\t385979\t394018\t684823\t719683\t\t\t\t\t\t\n% of revenue\t49.1%\t48.0%\t49.9%\t49.5%\t\t\t\t\t\t\n", "q10k_tbl_42": "In thousands\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020 vs. 2019\t2020\t2019\t2020 vs. 2019\t\t\nTechnology and development expense\t65036\t64427\t1%\t123525\t127594\t(3)%\t\t\n% of revenue\t8.3%\t7.9%\t\t9.0%\t8.8%\t\t\t\nMarketing and selling expense\t182322\t173336\t5%\t320472\t334253\t(4)%\t\t\n% of revenue\t23.2%\t21.1%\t\t23.3%\t23.0%\t\t\t\nGeneral and administrative expense\t42979\t51910\t(17)%\t84791\t95533\t(11)%\t\t\n% of revenue\t5.5%\t6.3%\t\t6.2%\t6.6%\t\t\t\nAmortization of acquired intangible assets\t13453\t13150\t2%\t26758\t26168\t2%\t\t\n% of revenue\t1.7%\t1.6%\t\t1.9%\t1.8%\t\t\t\nRestructuring expense\t2182\t1897\t15%\t2096\t4087\t(49)%\t\t\n% of revenue\t0.3%\t0.2%\t\t0.2%\t0.3%\t\t\t\n", "q10k_tbl_43": "In thousands\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\n(Losses) gains on derivatives not designated as hedging instruments\t(19020)\t(11666)\t(32515)\t7691\t\t\t\t\t\t\nCurrency-related gains (losses) net\t1809\t2645\t5884\t(767)\t\t\t\t\t\t\nOther gains (losses)\t13\t(19)\t679\t(290)\t\t\t\t\t\t\nTotal other (expense) income net\t(17198)\t(9040)\t(25952)\t6634\t\t\t\t\t\t\n", "q10k_tbl_44": "In thousands\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nIncome tax expense (benefit)\t12954\t(93795)\t19748\t(87680)\t\t\t\t\t\t\nEffective tax rate\t27.6%\t(96.8)%\t45.3%\t(71.4)%\t\t\t\t\t\t\n", "q10k_tbl_45": "In thousands\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\t\n\t2020\t2019\t2020 vs. 2019\t2020\t2019\t2020 vs. 2019\t\t\t\t\t\t\nReported Revenue\t436317\t433305\t1%\t765608\t776476\t(1)%\t\t\t\t\t\t\nSegment EBITDA\t112331\t138858\t(19)%\t202488\t226161\t(10)%\t\t\t\t\t\t\n% of revenue\t26%\t32%\t\t26%\t29%\t\t\t\t\t\t\t\n", "q10k_tbl_46": "In thousands\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\t\n\t2020\t2019\t2020 vs. 2019\t2020\t2019\t2020 vs. 2019\t\t\t\t\t\t\nReported Revenue\t121806\t126617\t(4)%\t221918\t235907\t(6)%\t\t\t\t\t\t\nSegment EBITDA\t16457\t16459\t-%\t26172\t27236\t(4)%\t\t\t\t\t\t\n% of revenue\t14%\t13%\t\t12%\t12%\t\t\t\t\t\t\t\n", "q10k_tbl_47": "In thousands\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\t\n\t2020\t2019\t2020 vs. 2019\t2020\t2019\t2020 vs. 2019\t\t\t\t\t\t\nReported Revenue\t76204\t87699\t(13)%\t142641\t159957\t(11)%\t\t\t\t\t\t\nSegment EBITDA\t12569\t18105\t(31)%\t24752\t31739\t(22)%\t\t\t\t\t\t\n% of revenue\t16%\t21%\t\t17%\t20%\t\t\t\t\t\t\t\n", "q10k_tbl_48": "In thousands\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\t\n\t2020\t2019\t2020 vs. 2019\t2020\t2019\t2020 vs. 2019\t\t\t\t\t\t\nReported Revenue\t114692\t127985\t(10)%\t182341\t198148\t(8)%\t\t\t\t\t\t\nSegment EBITDA\t18728\t28099\t(33)%\t8057\t18249\t(56)%\t\t\t\t\t\t\n% of revenue\t16%\t22%\t\t4%\t9%\t\t\t\t\t\t\t\n", "q10k_tbl_49": "In thousands\tThree Months Ended December 31\t\t\tSix Months Ended December 31\t\t\n\t2020\t2019\t2020 vs. 2019\t2020\t2019\t2020 vs. 2019\t\t\t\t\t\t\nReported Revenue (1)\t55365\t49774\t11%\t98843\t92050\t7%\t\t\t\t\t\t\nSegment EBITDA (1)\t10657\t3668\t191%\t19266\t5385\t258%\t\t\t\t\t\t\n% of revenue\t19%\t7%\t\t19%\t6%\t\t\t\t\t\t\t\n", "q10k_tbl_50": "In thousands\tSix Months Ended December 31\t\n\t2020\t2019\t\t\t\t\t\t\nNet cash provided by operating activities\t256168\t265097\t\t\t\t\t\t\nNet cash used in investing activities\t(76677)\t(53816)\t\t\t\t\t\t\nNet cash used in financing activities\t(191754)\t(207390)\t\t\t\t\t\t\n", "q10k_tbl_51": "In thousands\t\n\tDecember 31 2020\nMaximum aggregate available for borrowing\t994375\nOutstanding borrowings of senior secured credit facility\t(404375)\nRemaining amount\t590000\nLimitations to borrowing due to debt covenants and other obligations (1)\t(4950)\nAmount available for borrowing as of December 31 2020 (2)\t585050\n", "q10k_tbl_52": "In thousands\tPayments Due by Period\t\t\t\t\n\tTotal\tLess than 1 year\t1-3 years\t3-5 years\tMore than 5 years\nOperating leases net of subleases (1) (2)\t154721\t37085\t54324\t33877\t29435\nPurchase commitments\t226290\t121172\t89243\t15875\t0\nSenior unsecured notes and interest payments\t831000\t42000\t84000\t84000\t621000\nSecond lien notes and interest payments\t462000\t36000\t72000\t354000\t0\nOther debt and interest payments (3)\t520394\t51548\t88050\t380796\t0\nFinance leases net of subleases (1)\t20304\t6729\t9651\t3123\t801\nOther\t45369\t943\t44426\t0\t0\nTotal (4)\t2260078\t295477\t441694\t871671\t651236\n", "q10k_tbl_53": "In thousands\tThree Months Ended December 31\t\tSix Months Ended December 31\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nGAAP operating income\t94194\t121595\t130180\t146974\t\t\t\t\t\t\nExclude expense (benefit) impact of:\t\t\t\t\t\t\t\t\t\t\nDepreciation and amortization\t43597\t42356\t85887\t84891\t\t\t\t\t\t\nShare-based compensation expense (1)\t5243\t8325\t13526\t13075\t\t\t\t\t\t\nCertain impairments and other adjustments\t(215)\t936\t568\t760\t\t\t\t\t\t\nRestructuring-related charges\t2182\t1897\t2096\t4087\t\t\t\t\t\t\nRealized (losses) gains on currency derivatives not included in operating income\t(1578)\t10408\t(361)\t15246\t\t\t\t\t\t\nAdjusted EBITDA\t143423\t185517\t231896\t265033\t\t\t\t\t\t\n", "q10k_tbl_54": "In thousands\tSix Months Ended December 31\t\n\t\t2020\t\t\t\t2019\t\t\t\t\t\t\t\t\nNet cash provided by operating activities\t\t256168\t\t\t\t265097\t\t\t\t\t\t\t\t\nPurchases of property plant and equipment\t\t(16790)\t\t\t\t(28094)\t\t\t\t\t\t\t\t\nCapitalization of software and website development costs\t\t(26445)\t\t\t\t(23417)\t\t\t\t\t\t\t\t\nAdjusted free cash flow\t\t212933\t\t\t\t213586\t\t\t\t\t\t\t\t\n", "q10k_tbl_55": "Exhibit No.\tDescription\n10.1\t2020 Equity Incentive Plan is incorporated by reference to our Current Report on Form 8-K filed with the SEC on November 30 2020\n10.2\tForm of Restricted Share Unit Agreement under our 2020 Equity Incentive Plan\n10.3\tForm of Performance Share Unit Agreement for employees and executives under our 2020 Equity Incentive Plan\n10.4\tForm of Performance Share Unit Agreement for our Chief Executive Officer under our 2020 Equity Incentive Plan\n10.5\tForm of Performance Share Unit Agreement for our Board of Directors under our 2020 Equity Incentive Plan\n31.1\tCertification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Rule 13a-14(a)/15d-14(a) by Chief Executive Officer\n31.2\tCertification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Rule 13a-14(a)/15d-14(a) by Chief Financial Officer\n32.1\tCertification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by Chief Executive Officer and Chief Financial Officer\n101\tThe following materials from this Quarterly Report on Form 10-Q formatted in Inline Extensible Business Reporting Language (iXBRL): (i) Consolidated Balance Sheets (ii) Consolidated Statements of Operations (iii) Statements of Shareholder's Equity (iv) Consolidated Statements of Cash Flows and (v) Notes to Condensed Consolidated Financial Statements.\n104\tCover Page Interactive Data File (formatted as iXBRL and contained in Exhibit 101)\n"}{"bs": "q10k_tbl_2", "is": "q10k_tbl_3", "cf": "q10k_tbl_8"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
December 31, 2020
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 000-51539
_________________________________
Cimpress plc
(Exact Name of Registrant as Specified in Its Charter)
_________________________________
Ireland
98-0417483
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer
Identification No.)
Building D, Xerox Technology ParkA91 H9N9,
Dundalk, Co. Louth
Ireland
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code: 35342 938 8500
Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Exchange on Which Registered
Ordinary Shares, nominal value of €0.01 per share
CMPR
NASDAQ Global Select Market
______________________________
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yesþ No o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yesþ No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
þ
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes ☐ No þ
As of January 25, 2021, there were26,003,676Cimpress plc ordinary shares outstanding.
CIMPRESS PLC
QUARTERLY REPORT ON FORM 10-Q
For the Three and Six Months ended December 31, 2020