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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables) | 9 Months Ended
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Mar. 31, 2020
Accounting Policies [Abstract] |
Interest and Other Income | The following table summarizes the components of other income (expense), net:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Gains on derivatives not designated as hedging instruments (1) | $ | 18,039 |  |  | $ | 1,258 |  |  | $ | 25,730 |  |  | $ | 19,802 |
Currency-related gains (losses), net (2) | 3,950 |  |  | (4,085 | ) |  | 3,183 |  |  | (3,011 | )
Other gains | 548 |  |  | 332 |  |  | 258 |  |  | 595 |
Total other income (expense), net | $ | 22,537 |  |  | $ | (2,495 | ) |  | $ | 29,171 |  |  | $ | 17,386 |
_____________________
(1) | Primarily relates to both realized and unrealized gains 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 nine months ended March 31, 2020 and 2019 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 gains related to cross-currency swaps were $1,807 and $3,627 for the three and nine months ended March 31, 2020, respectively, as compared to unrealized gains of $2,146 and $3,389 for the three and nine months ended March 31, 2019, 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 March 31, |  | Nine Months Ended March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Weighted average shares outstanding, basic | 26,024,229 |  |  | 30,763,055 |  |  | 27,608,387 |  |  | 30,837,207 |
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs | — |  |  | 751,738 |  |  | 709,053 |  |  | 943,934 |
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc | 26,024,229 |  |  | 31,514,793 |  |  | 28,317,440 |  |  | 31,781,141 |
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1) | 464,638 |  |  | — |  |  | — |  |  | — |
_____________________ (1) In the periods in which a net loss is recognized, the impact of share options, RSUs and RSAs is not included as they are anti-dilutive.
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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