XML 67 R50.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Jul. 01, 2019
USD ($)
Jun. 30, 2019
USD ($)
Segment Reporting Information [Line Items]            
Number of Reportable Segments     5      
Revenue $ (820,333) $ (825,567) $ (1,454,292) $ (1,414,548)    
Other Operating Income 198,491   295,349 210,583    
Capitalization of software and website development costs 10,946 10,688 23,417 21,921    
Depreciation and amortization (42,356) (44,502) (84,891) (85,220)    
Restructuring Charges (1,897) [1] (1,026) [1] (4,087) (1,196)    
Operating Income (Loss) 121,595 90,615 146,974 84,627    
Other (expense) income, net (9,040) 9,629 6,634 19,881    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 96,854 83,436 122,820 73,923    
Property, Plant and Equipment, Additions 13,901 17,741 28,094 38,767    
Long-lived assets [2] 646,839   646,839     $ 462,180
Goodwill 721,057   721,057     718,880
Intangible assets, net 235,031   235,031     262,701
Deferred tax assets 160,058   160,058   $ 59,089 59,906
Marketing and selling expense (173,336) [1] (210,661) [1] (334,253) (392,334)    
Share-based compensation expense (8,433) 2,720 (13,847) (6,196)    
Interest expense, net (15,701) (16,808) (30,788) (30,585)    
Property, plant and equipment, net 364,155   364,155   369,501 490,755
North America [Member]            
Segment Reporting Information [Line Items]            
Revenue (382,966) (384,563) (706,999) (670,970)    
Canada [Member]            
Segment Reporting Information [Line Items]            
Long-lived assets 75,055   75,055     73,447
Netherlands [Member]            
Segment Reporting Information [Line Items]            
Long-lived assets 98,624   98,624     73,601
Switzerland            
Segment Reporting Information [Line Items]            
Long-lived assets 62,140   62,140     57,488
Australia [Member]            
Segment Reporting Information [Line Items]            
Long-lived assets 21,273   21,273     20,749
Jamaica [Member]            
Segment Reporting Information [Line Items]            
Long-lived assets 21,218   21,218     21,267
FRANCE            
Segment Reporting Information [Line Items]            
Long-lived assets 25,312   25,312     18,533
ITALY            
Segment Reporting Information [Line Items]            
Long-lived assets 50,261   50,261     43,203
JAPAN            
Segment Reporting Information [Line Items]            
Long-lived assets 16,364   16,364     17,768
UNITED STATES            
Segment Reporting Information [Line Items]            
Long-lived assets 169,989   169,989     57,118
Europe [Member]            
Segment Reporting Information [Line Items]            
Revenue (395,031) (396,466) (672,675) (666,148)    
Other Continents [Member]            
Segment Reporting Information [Line Items]            
Revenue (42,336) (44,538) (74,618) (77,430)    
Other Countries [Member]            
Segment Reporting Information [Line Items]            
Long-lived assets 106,603   106,603     79,006
Waltham Lease [Member]            
Segment Reporting Information [Line Items]            
Depreciation 0 1,030   2,060    
Interest Expense 0   0 3,682    
Vistaprint Business [Member]            
Segment Reporting Information [Line Items]            
Revenue (430,780) (441,852) (772,623) (785,922)    
Other Operating Income 132,160   212,740 156,957    
Capitalization of software and website development costs 5,625 6,208 12,290 13,466    
Depreciation and amortization (15,781) (17,357) 32,056 34,678    
Restructuring Charges (1,697)   (3,358)      
Operating Income (Loss)   96,963        
Property, Plant and Equipment, Additions 6,192 9,378 10,697 21,434    
Goodwill 149,764   149,764     145,961
Vistaprint Business [Member] | North America [Member]            
Segment Reporting Information [Line Items]            
Revenue (284,345) (285,304) (531,430) (531,425)    
Vistaprint Business [Member] | Europe [Member]            
Segment Reporting Information [Line Items]            
Revenue (121,143) (130,731) (195,601) (207,402)    
Vistaprint Business [Member] | Other Continents [Member]            
Segment Reporting Information [Line Items]            
Revenue (25,292) (25,817) (45,592) (47,095)    
The Print Group [Member]            
Segment Reporting Information [Line Items]            
Revenue (86,713) (87,301) (158,539) (158,245)    
Other Operating Income 18,105 16,368 31,739 28,214    
Capitalization of software and website development costs 424 703 875 1,198    
Depreciation and amortization 6,609 7,687 12,842 15,418    
Property, Plant and Equipment, Additions 4,889 2,787 8,994 4,783    
Goodwill 195,441   195,441     198,363
The Print Group [Member] | North America [Member]            
Segment Reporting Information [Line Items]            
Revenue 0 0 0 0    
The Print Group [Member] | Europe [Member]            
Segment Reporting Information [Line Items]            
Revenue (86,713) (87,301) (158,539) (158,245)    
PrintBrothers [Member]            
Segment Reporting Information [Line Items]            
Revenue (126,288) (115,961) (235,335) (216,992)    
Other Operating Income 16,459 11,691 27,236 22,262    
Capitalization of software and website development costs 291 517 622 804    
Depreciation and amortization 5,553 5,663 10,808 12,076    
Property, Plant and Equipment, Additions 668 647 999 2,376    
Goodwill 129,304   129,304     124,089
PrintBrothers [Member] | North America [Member]            
Segment Reporting Information [Line Items]            
Revenue 0 0 0 0    
PrintBrothers [Member] | Europe [Member]            
Segment Reporting Information [Line Items]            
Revenue (126,288) (115,961) (235,335) (216,992)    
National Pen [Member]            
Segment Reporting Information [Line Items]            
Revenue (127,019) (132,197) (196,201) (197,418)    
Other Operating Income 28,099 26,634 18,249 10,166    
Capitalization of software and website development costs 979 576 1,815 1,476    
Depreciation and amortization (5,523) (5,319) 11,104 10,443    
Property, Plant and Equipment, Additions 761 2,308 2,777 7,035    
Goodwill 34,434   34,434     34,434
National Pen [Member] | North America [Member]            
Segment Reporting Information [Line Items]            
Revenue (54,400) (57,348) (95,942) (95,906)    
National Pen [Member] | Europe [Member]            
Segment Reporting Information [Line Items]            
Revenue (60,887) (62,473) (83,200) (83,509)    
National Pen [Member] | Other Continents [Member]            
Segment Reporting Information [Line Items]            
Revenue (11,732) (12,376) (17,059) (18,003)    
All Other Businesses [Member]            
Segment Reporting Information [Line Items]            
Revenue (49,533) (48,256) (91,594) (55,971)    
Other Operating Income 3,668 (2,294) 5,385 (7,016)    
Capitalization of software and website development costs 1,116 871 2,079 961    
Depreciation and amortization (5,888) (5,259) 11,861 5,842    
Restructuring Charges     (535)      
Property, Plant and Equipment, Additions 595 2,362 2,370 2,647    
Goodwill 212,114   212,114     216,033
All Other Businesses [Member] | North America [Member]            
Segment Reporting Information [Line Items]            
Revenue (44,221) (41,911) (79,627) (43,639)    
All Other Businesses [Member] | Europe [Member]            
Segment Reporting Information [Line Items]            
Revenue 0 0 0 0    
All Other Businesses [Member] | Other Continents [Member]            
Segment Reporting Information [Line Items]            
Revenue (5,312) (6,345) (11,967) (12,332)    
Corporate, Non-Segment [Member]            
Segment Reporting Information [Line Items]            
Other Operating Income (31,707)   (58,637) (42,411)    
Capitalization of software and website development costs 2,511 1,813 5,736 4,016    
Depreciation and amortization (3,002) (3,217) 6,220 6,763    
Operating Income (Loss)   (13,124)        
Property, Plant and Equipment, Additions 796 259 2,257 492    
Marketing and selling expense            
Segment Reporting Information [Line Items]            
Share-based compensation expense (533) 1,877 778 514    
Acquisition-related amortization and depreciation [Member]            
Segment Reporting Information [Line Items]            
Depreciation and amortization (42,356) (44,502) (84,891) (85,220)    
Certain impairments [Domain]            
Segment Reporting Information [Line Items]            
Asset Impairment Charges (936) (65) (760) (22)    
Restructuring Charges            
Segment Reporting Information [Line Items]            
Restructuring Charges (1,897) (1,026) (4,087) (1,196)    
Share-based compensation expense (108) 0 (772) 0    
Waltham Lease [Member]            
Segment Reporting Information [Line Items]            
Interest Expense   1,833        
Share-based compensation related to investment consideration [Member]            
Segment Reporting Information [Line Items]            
Share-based compensation expense 0 (2,893) 0 (2,893)    
Operating Segments [Member]            
Segment Reporting Information [Line Items]            
Revenue (825,380) (829,201) (1,462,538) (1,420,596)    
Operating Income (Loss)   149,362        
Operating Segments [Member] | Vistaprint Business [Member]            
Segment Reporting Information [Line Items]            
Revenue (433,305) (443,940) (776,476) (789,260)    
Operating Segments [Member] | The Print Group [Member]            
Segment Reporting Information [Line Items]            
Revenue (87,699) (87,740) (159,957) [3] (158,740)    
Operating Segments [Member] | PrintBrothers [Member]            
Segment Reporting Information [Line Items]            
Revenue (126,617) (116,314) (235,907) [3] (217,703)    
Operating Segments [Member] | National Pen [Member]            
Segment Reporting Information [Line Items]            
Revenue (127,985) (132,951) (198,148) [4] (198,922)    
Operating Segments [Member] | All Other Businesses [Member]            
Segment Reporting Information [Line Items]            
Revenue (49,774) (48,256) (92,050) [5] (55,971)    
Intersegment Eliminations [Member]            
Segment Reporting Information [Line Items]            
Revenue (5,047) (3,634) (8,246) (6,048)    
Intersegment Eliminations [Member] | Vistaprint Business [Member]            
Segment Reporting Information [Line Items]            
Revenue (2,525) (2,088) (3,853) (3,338)    
Intersegment Eliminations [Member] | The Print Group [Member]            
Segment Reporting Information [Line Items]            
Revenue (986) (439) (1,418) (495)    
Intersegment Eliminations [Member] | PrintBrothers [Member]            
Segment Reporting Information [Line Items]            
Revenue (329) (353) (572) (711)    
Intersegment Eliminations [Member] | National Pen [Member]            
Segment Reporting Information [Line Items]            
Revenue (966) (754) (1,947) (1,504)    
Intersegment Eliminations [Member] | All Other Businesses [Member]            
Segment Reporting Information [Line Items]            
Revenue $ (241) $ 0 $ (456) $ 0    
Build-to-Suit [Member]            
Segment Reporting Information [Line Items]            
Property, plant and equipment, net         $ 121,254 $ 124,408
[1] Share-based compensation is allocated as follows:
[2] Excludes goodwill of $721,057 and $718,880, intangible assets, net of $235,031 and $262,701, and deferred tax assets of $160,058 and $59,906 as of December 31, 2019 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 December 31, 2019, all operating lease assets are recognized within the balances above. Refer to Note 2 for additional details.
[3] PrintBrothers segment revenues include inter-segment revenue of $329 and $572 for the three and six months ended December 31, 2019, respectively, and $353 and $711 for the prior comparative periods, respectively.
[4] National Pen segment revenues include inter-segment revenue of $966 and $1,947 for the three and six months ended December 31, 2019 respectively, and $754 and $1,504 for the prior comparative periods, respectively.
[5] All Other Businesses segment revenues include inter-segment revenue of $241 and $456 for the three and six months ended December 31, 2019. There was no inter-segment revenue for the three and six months ended December 31, 2018. Our All Other Businesses segment includes the revenue from our BuildASign acquisition from October 1, 2018