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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables) | 6 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Interest and Other Income | The following table summarizes the components of other (expense) income, net:
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
(Losses) gains on derivatives not designated as hedging instruments (1) | $ | (11,666 | ) |  | $ | 11,171 |  |  | $ | 7,691 |  |  | $ | 18,544 |
Currency-related gains (losses), net (2) | 2,645 |  |  | (1,023 | ) |  | (767 | ) |  | 1,074 |
Other (losses) gains | (19 | ) |  | (519 | ) |  | (290 | ) |  | 263 |
Total other (expense) income, net | $ | (9,040 | ) |  | $ | 9,629 |  |  | $ | 6,634 |  |  | $ | 19,881 |
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(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 gains (losses), net for the three and six months ended December 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 losses related to cross-currency swaps were $2,858 and unrealized gains were $1,820 for the three and six months ended December 31, 2019, respectively, as compared to unrealized gains of $2,080 and $1,243 for the three and six months ended December 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 December 31, |  | Six Months Ended December 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Weighted average shares outstanding, basic | 27,036,675 |  |  | 30,863,339 |  |  | 28,391,855 |  |  | 30,873,478 |
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs | 880,084 |  |  | 957,158 |  |  | 831,261 |  |  | 1,040,032 |
Shares used in computing diluted net income per share attributable to Cimpress plc | 27,916,759 |  |  | 31,820,497 |  |  | 29,223,116 |  |  | 31,913,510 |
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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