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Segment Information (Tables)

12 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2018

Segment Reporting, Revenue Reconciling Item [Line Items]

Reconciliation of Revenue from Segments to Consolidated

The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.

	Year Ended June 30,
	2020				2019				2018
Revenue:
Vistaprint (1)	$	1,337,291			$	1,508,322			$	1,499,141
PrintBrothers (2)	417,921				443,987				410,776
The Print Group (3)	275,214				325,872				320,473
National Pen (4)	299,474				348,409				333,266
All Other Businesses (5)	173,789				136,202				40,230
Total segment revenue	2,503,689				2,762,792				2,603,886
Inter-segment eliminations	(22,331		)		(11,716		)		(11,345		)
Total consolidated revenue	$	2,481,358			$	2,751,076			$	2,592,541

_____________________

(1) Vistaprint segment revenues include inter-segment revenue of $6,180, $5,851 and $5,631 for the years ended June 30, 2020, 2019 and 2018, respectively.

(2) PrintBrothers segment revenues include inter-segment revenue of $934, $1,227 and $2,068 for the years ended June 30, 2020, 2019 and 2018, respectively.

(3) The Print Group segment revenues include inter-segment revenue of $5,994, $796 and $690 for the years ended June 30, 2020, 2019 and 2018, respectively.

(4) National Pen segment revenues include inter-segment revenue of $7,806, $3,729 and $2,956 for the years ended June 30, 2020, 2019 and 2018, respectively.

(5) All Other Businesses segment revenues include inter-segment revenue of $1,417 and $113 for the years ended June 30, 2020 and 2019, respectively. There was no inter-segment revenue for the year ended June 30, 2018. Our All Other Businesses segment includes the revenue from our BuildASign acquisition from October 1, 2018, and revenue from our Vida acquisition from July 2, 2018 through the divestiture date of April 10, 2020.

	Year Ended June 30, 2020
	Vistaprint				PrintBrothers				The Print Group				National Pen				All Other				Total
Revenue by Geographic Region:
North America	$	928,668			$	—			$	—			$	154,632			$	153,795			$	1,237,095
Europe	325,239				416,987				269,220				112,046				—				1,123,492
Other	77,204				—				—				24,990				18,577				120,771
Inter-segment	6,180				934				5,994				7,806				1,417				22,331
Total segment revenue	1,337,291				417,921				275,214				299,474				173,789				2,503,689
Less: inter-segment elimination	(6,180		)		(934		)		(5,994		)		(7,806		)		(1,417		)		(22,331		)
Total external revenue	$	1,331,111			$	416,987			$	269,220			$	291,668			$	172,372			$	2,481,358

Disaggregation of Revenue

	Year Ended June 30, 2020
	Vistaprint				PrintBrothers				The Print Group				National Pen				All Other				Total
Revenue by Geographic Region:
North America	$	928,668			$	—			$	—			$	154,632			$	153,795			$	1,237,095
Europe	325,239				416,987				269,220				112,046				—				1,123,492
Other	77,204				—				—				24,990				18,577				120,771
Inter-segment	6,180				934				5,994				7,806				1,417				22,331
Total segment revenue	1,337,291				417,921				275,214				299,474				173,789				2,503,689
Less: inter-segment elimination	(6,180		)		(934		)		(5,994		)		(7,806		)		(1,417		)		(22,331		)
Total external revenue	$	1,331,111			$	416,987			$	269,220			$	291,668			$	172,372			$	2,481,358

	Year Ended June 30, 2019
	Vistaprint				PrintBrothers				The Print Group				National Pen				All Other				Total
Revenue by Geographic Region:
North America	$	1,040,928			$	—			$	—			$	179,425			$	112,216			$	1,332,569
Europe	373,768				442,760				325,076				134,381				—				1,275,985
Other	87,775				—				—				30,874				23,873				142,522
Inter-segment	5,851				1,227				796				3,729				113				11,716
Total segment revenue	1,508,322				443,987				325,872				348,409				136,202				2,762,792
Less: inter-segment elimination	(5,851		)		(1,227		)		(796		)		(3,729		)		(113		)		(11,716		)
Total external revenue	$	1,502,471			$	442,760			$	325,076			$	344,680			$	136,089			$	2,751,076

	Year Ended June 30, 2018
	Vistaprint				PrintBrothers				The Print Group				National Pen				All Other				Total
Revenue by Geographic Region:
North America	$	1,013,775			$	—			$	2,136			$	170,745			$	1,717			$	1,188,373
Europe	386,142				408,708				317,647				132,352				12,677				1,257,526
Other	93,593				—				—				27,213				25,836				146,642
Inter-segment	5,631				2,068				690				2,956				—				11,345
Total segment revenue	1,499,141				410,776				320,473				333,266				40,230				2,603,886
Less: inter-segment elimination	(5,631		)		(2,068		)		(690		)		(2,956		)		—				(11,345		)
Total external revenue	$	1,493,510			$	408,708			$	319,783			$	330,310			$	40,230			$	2,592,541

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table includes segment EBITDA by reportable segment, total income from operations and total income before income taxes.

	Year Ended June 30,
	2020				2019				2018
Segment EBITDA:
Vistaprint	$	366,334			$	349,697			$	309,783
PrintBrothers	39,373				43,474				41,129
The Print Group	51,606				63,997				63,529
National Pen	7,605				17,299				29,438
All Other Businesses	17,474				(6,317		)		(10,603		)
Total segment EBITDA	482,392				468,150				433,276
Central and corporate costs	(140,398		)		(117,295		)		(138,037		)
Depreciation and amortization	(167,943		)		(172,957		)		(169,005		)
Waltham, MA lease depreciation adjustment (1)	—				4,120				4,120
Proceeds from insurance	—				—				(676		)
Earn-out related charges	54				—				(2,391		)
Share-based compensation related to investment consideration	—				(2,893		)		(6,792		)
Certain impairments and other adjustments (2)	(104,593		)		(10,700		)		(2,893		)
Restructuring-related charges	(13,543		)		(12,054		)		(15,236		)
Interest expense for Waltham, MA lease (1)	—				7,236				7,489
Gain on the purchase or sale of subsidiaries (3)	—				—				47,945
Total income from operations	55,969				163,607				157,800
Other income (expense), net	22,874				26,476				(21,032		)
Interest expense, net	(75,840		)		(63,171		)		(53,043		)
Loss on early extinguishment of debt	—				—				(17,359		)
Income before income taxes	$	3,003			$	126,912			$	66,366

___________________

(1) Upon the adoption of the new leasing standard on July 1, 2019, our Waltham, MA lease, which was previously classified as build-to-suit, is now classified as an operating lease under the new standard. Therefore, the Waltham depreciation and interest expense adjustments that were made in comparative periods will no longer be made beginning in the first fiscal quarter of 2020, as any impact from the Waltham lease will be reflected in operating income. Refer to Note 2 for additional details.

(2) Includes impairments of goodwill defined by ASC 350 - "Intangibles - Goodwill and Other" of $100,842, as well as losses of $1,520 recognized for fair value adjustments to the disposal group related to our VIDA sale during the year ended June 30, 2020. During fiscal year 2019 we recognized reserves for loans as defined by ASC 326 - "Financial Instruments - Credit Losses".

(3) Includes the impact of the gain on the sale of Albumprinter that was recognized in general and administrative expense in our consolidated statement of operations during the year ended June 30, 2018.

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

	Year Ended June 30,
	2020				2019				2018
Depreciation and amortization:
Vistaprint	$	59,029			$	67,317			$	70,498
PrintBrothers	21,010				22,108				25,005
The Print Group	24,769				29,437				34,594
National Pen	23,654				21,642				21,546
All Other Businesses	23,755				17,068				3,929
Central and corporate costs	15,726				16,199				13,433
Total depreciation and amortization	$	167,943			$	173,771			$	169,005

	Year Ended June 30,
	2020				2019				2018
Purchases of property, plant and equipment:
Vistaprint	$	15,986			$	32,820			$	35,998
PrintBrothers	4,315				3,521				6,469
The Print Group	17,136				7,908				9,743
National Pen	5,016				8,346				6,565
All Other Businesses	4,242				16,996				947
Central and corporate costs	3,772				972				1,208
Total purchases of property, plant and equipment	$	50,467			$	70,563			$	60,930

	Year Ended June 30,
	2020				2019				2018
Capitalization of software and website development costs:
Vistaprint	$	18,381			$	23,369			$	23,457
PrintBrothers	990				1,787				1,836
The Print Group	1,484				2,327				2,174
National Pen	3,290				3,624				1,482
All Other Businesses	3,684				2,948				445
Central and corporate costs	16,163				14,597				11,453
Total capitalization of software and website development costs	$	43,992			$	48,652			$	40,847

Revenue from External Customers by Geographic Areas [Table Text Block]

	Year Ended June 30,
	2020				2019				2018
United States	$	1,251,531			$	1,361,438			$	1,078,544
Germany (1)	351,348				367,375				340,881
Other (2)	878,479				1,022,263				1,173,116
Total revenue	$	2,481,358			$	2,751,076			$	2,592,541

Revenue from External Customers by Products and Services [Table Text Block]

	Year Ended June 30,
	2020				2019				2018
Physical printed products and other (3)	$	2,431,367			$	2,700,167			$	2,537,201
Digital products/services	49,991				50,909				55,340
Total revenue	$	2,481,358			$	2,751,076			$	2,592,541

Revenues and long-lived assets by geographic area

The following table sets forth long-lived assets by geographic area:

	June 30, 2020				June 30, 2019
Long-lived assets (1):
United States	$	161,853			$	57,118
Netherlands	82,897				73,601
Canada	67,367				73,447
Switzerland	58,013				57,488
Italy	46,317				43,203
Jamaica	21,563				21,267
Australia	19,695				20,749
France	23,917				18,533
Japan	15,430				17,768
Other	94,922				79,006
Total	$	591,974			$	462,180

___________________

(1) Excludes goodwill of $621,904 and $718,880, intangible assets, net of $209,228 and $262,701, and deferred tax assets of $143,496 and $59,906 as of June 30, 2020 and June 30, 2019, respectively. Build-to-suit lease assets of $124,408 are excluded for the year ended June 30, 2019, and upon our adoption of ASC 842 on July 1, 2019, our Waltham, MA and Dallas, TX build-to-suit lease asset balances were de-recognized.     

As of June 30, 2020, all operating lease assets are recognized within the balances above. Refer to Note 2 for additional details.

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