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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Revenue $ 661,814 $ 636,069 $ 2,076,362 $ 1,961,407
Cost of revenue (1) [1] 342,700 319,209 1,056,667 963,249
Technology and development expense (1) [1] 58,274 61,267 170,742 182,598
Marketing and selling expense (1) [1] 171,584 179,591 566,335 546,469
General and administrative expense (1) [1] 37,753 44,103 119,145 127,869
Amortization of acquired intangible assets 14,022 12,941 40,169 38,132
Restructuring expense (1) [1] 7,866 2,331 9,062 14,686
Gain on sale of subsidiaries 0 0 0 (47,545)
Income from operations 29,615 16,627 114,242 135,949
Other (expense) income, net (2,495) (1,558) 17,386 (25,602)
Interest expense, net (16,787) (12,652) (47,372) (38,263)
Income before income taxes 10,333 2,417 84,256 72,084
Income tax expense 4,091 4,019 23,971 19,657
Net income (loss) 6,242 (1,602) 60,285 52,427
Add: Net loss (income) attributable to noncontrolling interest 288 (663) 620 (1,394)
Net income (loss) attributable to Cimpress N.V. $ 6,530 $ (2,265) $ 60,905 $ 51,033
Basic net income (loss) per share attributable to Cimpress N.V. $ 0.21 $ (0.07) $ 1.98 $ 1.65
Diluted net income (loss) per share attributable to Cimpress N.V. $ 0.21 $ (0.07) $ 1.92 $ 1.58
Weighted average shares outstanding — basic 30,763,055 30,724,018 30,837,207 30,992,066
Weighted average shares outstanding — diluted 31,514,793 30,724,018 31,781,141 32,276,520
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense $ 7,754 $ 13,492 $ 13,950 $ 33,718
Cost of revenue        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 42 105 320 240
Technology and development expense        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 1,320 3,242 2,000 7,916
Marketing and selling expense        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 1,187 2,138 673 4,981
General and administrative expense        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 1,955 7,289 7,707 19,254
Restructuring Charges        
Restructuring expense (1) 7,866 2,331 9,062 14,686
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense $ 3,250 $ 718 $ 3,250 $ 1,327
[1] Share-based compensation is allocated as follows: