XML 58 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Other Income [Table Text Block]
The following table summarizes the components of other (expense) income, net:
 
Year Ended June 30,
 
2018

2017

2016
(Losses) gains on derivatives not designated as hedging instruments (1)
$
(2,687
)

$
936


$
14,026

Currency-related (losses) gains, net (2)
(19,500
)

5,577


6,864

Other gains (3)
1,155


3,849


5,208

Total other (expense) income, net
$
(21,032
)

$
10,362


$
26,098


_____________________
(1) Primarily relates to both realized and unrealized (losses) gains on derivative currency forward and option contracts not designated as hedging instruments.
(2) We have significant non-functional currency intercompany financing relationships that we may change at times and are subject to currency exchange rate volatility. The currency-related gains (losses), net for the years ended June 30, 2018 and 2017 are primarily driven by this intercompany activity. In addition, we have certain cross-currency swaps designated as cash flow hedges, which hedge the remeasurement of certain intercompany loans, both presented in the same component above. Unrealized losses related to cross-currency swaps were $2,722, $3,737 and $1,991 for the years ended June 30, 2018, 2017 and 2016, respectively.
(3) The gains recognized during the years ended June 30, 2018 and 2016, were primarily related to insurance recoveries of $675 and $3,947, respectively. During the year ended June 30, 2017, we recognized a gain of $2,268 related to the sale of Plaza Create Co. Ltd. available for sale securities.
Schedule of Weighted Average Number of Shares [Table Text Block]
The following table sets forth the reconciliation of the weighted-average number of ordinary shares:
 
Year Ended June 30,
 
2018
 
2017
 
2016
Weighted average shares outstanding, basic
30,948,081

 
31,291,581

 
31,656,234

Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs (1)
1,272,320

 

 
1,393,220

Shares used in computing diluted net income (loss) per share attributable to Cimpress N.V.
32,220,401

 
31,291,581

 
33,049,454

Weighted average anti-dilutive shares excluded from diluted net income (loss) per share attributable to Cimpress N.V.
2,291

 
21,978

 
35,725

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