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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables) | 12 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Interest and Other Income | The following table summarizes the components of other income (expense), net:
| Year Ended June 30,
| 2020 |  | 2019 |  | 2018
Gains on derivatives not designated as hedging instruments (1) | $ | 20,564 |  |  | $ | 23,494 |  |  | $ | (2,687 | )
Currency-related gains (losses), net (2) | 2,309 |  |  | 2,506 |  |  | (19,500 | )
Other gains | 1 |  |  | 476 |  |  | 1,155 |
Total other income (expense), net | $ | 22,874 |  |  | $ | 26,476 |  |  | $ | (21,032 | )
_____________________
(1) | Primarily relates to both realized and unrealized gains on derivative currency forward and option contracts not designated as hedging instruments, as well as certain interest rate swap contracts that have been de-designated from hedge accounting due to their ineffectiveness.
(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, 2020, 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. The unrealized gain related to cross-currency swaps was $929 for the year ended June 30, 2020 as compared to an unrealized loss of $3,484 for the year ended June 30, 2019, and an unrealized gain of $2,722 for the year ended June 30, 2018.
Schedule of Weighted Average Number of Shares | The following table sets forth the reconciliation of the weighted-average number of ordinary shares:
| Year Ended June 30,
| 2020 |  | 2019 |  | 2018
Weighted average shares outstanding, basic | 27,180,744 |  |  | 30,786,349 |  |  | 30,948,081 |
Weighted average shares issuable upon exercise/vesting of outstanding share options/PSUs/RSUs/RSAs/warrants (1) | 592,542 |  |  | 876,356 |  |  | 1,272,320 |
Shares used in computing diluted net income per share attributable to Cimpress plc | 27,773,286 |  |  | 31,662,705 |  |  | 32,220,401 |
Weighted average anti-dilutive shares excluded from diluted net income per share attributable to Cimpress plc | 1,325 |  |  | — |  |  | 2,291 |
_____________________ (1) On May 1, 2020, we entered into a financing arrangement with Apollo Global Management, Inc., which included 7-year warrants with a strike price of $60 that have a potentially dilutive impact on our weighted average shares outstanding. For the year ended June 30, 2020, the weighted average dilutive effect of the warrants was 73,719 shares. Refer to Note 10 for additional details about the arrangement.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table summarizes the cumulative effect of adopting the new lease standard as of the adoption date of July 1, 2019:
Consolidated Balance Sheet | As reported at June 30, 2019 |  | ASC 842 adjustments |  | Adjusted balance at July 1, 2019
Assets |  |  |  |  |
Prepaid expenses and other current assets | $ | 78,065 |  |  | $ | (59 | ) |  | $ | 78,006 |
Property, plant and equipment, net | 490,755 |  |  | (121,254 | ) |  | 369,501 |
Operating lease assets, net | — |  |  | 169,668 |  |  | 169,668 |
Deferred tax assets | 59,906 |  |  | (817 | ) |  | 59,089 |
Liabilities and shareholders' equity |  |  |  |  |
Operating lease liabilities, current | $ | — |  |  | $ | 37,342 |  |  | $ | 37,342 |
Other current liabilities | 27,881 |  |  | (12,569 | ) |  | 15,312 |
Lease financing obligation | 112,096 |  |  | (112,096 | ) |  | — |
Operating lease liabilities, non-current | — |  |  | 139,041 |  |  | 139,041 |
Other liabilities | 53,716 |  |  | (7,169 | ) |  | 46,547 |
Retained earnings | 537,422 |  |  | 2,989 |  |  | 540,411 |

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