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Restructuring Charges

9 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

Restructuring costs include one-time employee termination benefits, acceleration of share-based compensation, write-off of assets and other related costs including third-party professional and outplacement services. During the three and nine months ended March 31, 2020, we recognized restructuring charges of $919 and $5,006 consisting of charges of $472 and $3,829, respectively, within our Vistaprint reportable segment as we continue to evolve our organizational structure. We also incurred charges of $417 and $535 in our National Pen and All Other Businesses reportable segments, respectively, and immaterial charges within The Print Group reportable segment during the nine months ended March 31, 2020.

During the three and nine months ended March 31, 2019, we recognized restructuring charges of $7,866 and $9,062, respectively, related primarily to a restructuring action within our Vistaprint business, which included changes to the leadership team as well as other reductions in headcount and associated costs.

The following table summarizes the restructuring activity during the nine months ended March 31, 2020:

	Severance and Related Benefits				Other Restructuring Costs				Total
Accrued restructuring liability as of June 30, 2019	$	3,045			$	167			$	3,212
Restructuring charges	4,662				344				5,006
Cash payments	(4,637		)		(433		)		(5,070		)
Non-cash charges (1)	(756		)		—				(756		)
Accrued restructuring liability as of March 31, 2020	$	2,314			$	78			$	2,392

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(1) Non-cash charges primarily include acceleration of share-based compensation expenses.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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