XML 25 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenue $ 597,960 $ 661,814 $ 2,052,252 $ 2,076,362
Cost of revenue (1) 309,598 [1] 342,700 [1] 1,029,281 1,056,667
Technology and development expense (1) 67,693 [1] 59,656 [1] 195,287 174,541
Marketing and selling expense (1) 148,803 [1] 170,202 [1] 483,056 562,536
General and administrative expense (1) 45,148 [1] 37,753 [1] 140,681 119,145
Amortization of acquired intangible assets 12,693 14,022 38,861 40,169
Restructuring expense (1) 919 [1] 7,866 [1] 5,006 9,062
Impairment of goodwill 100,842   100,842 0
(Loss) income from operations (87,736) 29,615 59,238 114,242
Other income (expense), net 22,537 (2,495) 29,171 17,386
Interest expense, net (17,262) (16,787) (48,050) (47,372)
(Loss) income before income taxes (82,461) 10,333 40,359 84,256
Income tax expense (benefit) 1,039 4,091 (86,641) 23,971
Net (loss) income (83,500) 6,242 127,000 60,285
Add: Net (income) loss attributable to noncontrolling interest (1,384) 288 (1,630) 620
Net (loss) income attributable to Cimpress plc $ (84,884) $ 6,530 $ 125,370 $ 60,905
Basic net (loss) income per share attributable to Cimpress plc $ (3.26) $ 0.21 $ 4.54 $ 1.98
Diluted net (loss) income per share attributable to Cimpress plc $ (3.26) $ 0.21 $ 4.43 $ 1.92
Weighted average shares outstanding — basic 26,024,229 30,763,055 27,608,387 30,837,207
Weighted average shares outstanding — diluted 26,024,229 31,514,793 28,317,440 31,781,141
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense $ 8,892 $ 7,754 $ 22,739 $ 13,950
Cost of revenue        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 66 42 251 320
Technology and development expense        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 2,014 1,320 5,791 2,000
Marketing and selling expense        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 1,145 1,187 367 673
General and administrative expense        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense 5,683 1,955 15,574 7,707
Restructuring Charges        
Restructuring expense (1) 919 7,866 5,006 9,062
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Share-based compensation expense $ (16) $ 3,250 $ 756 $ 3,250
[1] Share-based compensation is allocated as follows: