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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables) | 9 Months Ended
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Mar. 31, 2019
Accounting Policies [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table summarizes the cumulative effect of adopting the new revenue standard as of the adoption date of July 1, 2018:
Consolidated Balance Sheet | As reported at June 30, 2018 |  | ASC 606 adjustments |  | Adjusted balance at July 1, 2018
Assets |  |  |  |  |  |  |  |
Prepaid expenses and other current assets | $ | 78,846 |  |  | $ | (3,738 | ) |  | $ | 75,108 |
Deferred tax assets | 67,087 |  |  | 595 |  |  | 67,682 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |
Deferred revenue | $ | 27,697 |  |  | $ | 103 |  |  | $ | 27,800 |
Retained earnings | 452,756 |  |  | (3,246 | ) |  | 449,510 |
Schedule of Prospective Adoption of New Accounting Pronouncements | The following table summarizes the impact as of and for the three and nine months ended March 31, 2019 from adopting the new revenue standard as compared to the previous revenue standard:
| As reported (current revenue standard) |  | Current period adjustments |  | As adjusted (previous revenue standard)
Consolidated Statement of Operations for the Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |
Marketing and selling expense (1) | $ | 171,584 |  |  | $ | 1,486 |  |  | $ | 173,070 |
Income tax expense | 4,091 |  |  | (83 | ) |  | 4,008 |
Net income | 6,242 |  |  | (1,403 | ) |  | 4,839 |
Consolidated Statement of Operations for the Nine Months Ended March 31, 2019 |  |  |  |  |
Marketing and selling expense (1) | $ | 566,335 |  |  | $ | (486 | ) |  | $ | 565,849 |
Income tax expense | 23,971 |  |  | 86 |  |  | 24,057 |
Net income | 60,285 |  |  | 400 |  |  | 60,685 |
Consolidated Balance Sheet as of March 31, 2019 |  |  |  |  |
Assets |  |  |  |  |
Prepaid expenses and other current assets | $ | 92,048 |  |  | $ | 4,224 |  |  | $ | 96,272 |
Deferred tax assets | 57,885 |  |  | (121 | ) |  | 57,764 |
Liabilities and Shareholders' Equity |  |  |  |  |
Accrued expenses | $ | 207,918 |  |  | $ | 35 |  |  | $ | 207,953 |
Deferred revenue | 34,941 |  |  | (103 | ) |  | 34,838 |
Retained earnings | 503,275 |  |  | 4,171 |  |  | 507,446 |
_____________________ (1) During the three and nine months ended March 31, 2019, the adjustment to marketing and selling expense was the impact from National Pen's direct mail costs that resulted in lower expense of $1,486 and higher expense of $486, respectively. The timing of the expense recognition would have been different under the previous revenue standard since they would have been capitalized within prepaid expense and other current assets and amortized over the customer response period to marketing and selling expense. As of July 1, 2018, we recognized a cumulative effect adjustment within retained earnings of $3,738.
Interest and Other Income | The following table summarizes the components of other (expense) income, net:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Gains (losses) on derivatives not designated as hedging instruments (1) | $ | 1,258 |  |  | $ | (9,102 | ) |  | $ | 19,802 |  |  | $ | (19,103 | )
Currency-related (losses) gains, net (2) | (4,085 | ) |  | 7,519 |  |  | (3,011 | ) |  | (7,133 | )
Other gains | 332 |  |  | 25 |  |  | 595 |  |  | 634 |
Total other (expense) income, net | $ | (2,495 | ) |  | $ | (1,558 | ) |  | $ | 17,386 |  |  | $ | (25,602 | )
_____________________ (1) Primarily relates to both realized and unrealized gains (losses) 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 (losses) gains, net for the three and nine months ended March 31, 2019 and 2018 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 gains related to cross-currency swaps were $2,146 and $3,389 for the three and nine months ended March 31, 2019, respectively, as compared to unrealized losses of $3,582 and $9,708 for the three and nine months ended March 31, 2018, respectively.
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 March 31, |  | Nine Months Ended March 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Weighted average shares outstanding, basic | 30,763,055 |  |  | 30,724,018 |  |  | 30,837,207 |  |  | 30,992,066 |
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs | 751,738 |  |  | — |  |  | 943,934 |  |  | 1,284,454 |
Shares used in computing diluted net income (loss) per share attributable to Cimpress N.V. | 31,514,793 |  |  | 30,724,018 |  |  | 31,781,141 |  |  | 32,276,520 |
Weighted average anti-dilutive shares excluded from diluted net income (loss) per share attributable to Cimpress N.V. (1) | — |  |  | 1,448,530 |  |  | — |  |  | 3,054 |
_____________________ (1) In the periods in which a net loss is recognized, the impact of share options, RSUs, and RSAs is not included as they are anti-dilutive.

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