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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables) | 12 Months Ended
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Jun. 30, 2019
Accounting Policies [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table summarizes the cumulative effect of adopting the new revenue standard as of the adoption date of July 1, 2018:
Consolidated Balance Sheet | As reported at June 30, 2018 |  | ASC 606 adjustments |  | Adjusted balance at July 1, 2018
Assets |  |  |  |  |  |  |  |
Prepaid expenses and other current assets | $ | 78,846 |  |  | $ | (3,738 | ) |  | $ | 75,108 |
Deferred tax assets | 67,087 |  |  | 595 |  |  | 67,682 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |
Deferred revenue | $ | 27,697 |  |  | $ | 103 |  |  | $ | 27,800 |
Retained earnings | 452,756 |  |  | (3,246 | ) |  | 449,510 |
Schedule of Prospective Adoption of New Accounting Pronouncements | The following table summarizes the impact as of and for the year ended June 30, 2019 from adopting the new revenue standard as compared to the previous revenue standard:
| As reported (current revenue standard) |  | Current period adjustments |  | As adjusted (previous revenue standard)
Consolidated Statement of Operations for the Year Ended June 30, 2019 |  |  |  |  |
Marketing and selling expense (1) | $ | 713,863 |  |  | $ | 295 |  |  | $ | 714,158 |
Income tax expense | 33,432 |  |  | (6 | ) |  | 33,426 |
Net income | 93,480 |  |  | (289 | ) |  | 93,191 |
Consolidated Balance Sheet as of June 30, 2019 |  |  |  |  |
Assets |  |  |  |  |
Prepaid expenses and other current assets | $ | 78,065 |  |  | $ | 3,443 |  |  | $ | 81,508 |
Deferred tax assets | 59,906 |  |  | (162 | ) |  | 59,744 |
Liabilities and Shareholders' Equity |  |  |  |  |
Accrued expenses | $ | 194,715 |  |  | $ | 156 |  |  | $ | 194,871 |
Deferred revenue | 31,780 |  |  | (103 | ) |  | 31,677 |
Retained earnings | 537,422 |  |  | 3,228 |  |  | 540,650 |
_____________________ (1) During the year ended June 30, 2019, the adjustment to marketing and selling expense was the impact from National Pen's direct mail costs that resulted in lower expense of $295. The timing of the expense recognition would have been different under the previous revenue standard since they would have been capitalized within prepaid expense and other current assets and amortized over the customer response period to marketing and selling expense. As of July 1, 2018, we recognized a cumulative effect adjustment within retained earnings of $3,738.
Interest and Other Income | The following table summarizes the components of other income (expense), net:
| Year Ended June 30,
| 2019 |  | 2018 |  | 2017
Gains (losses) on derivatives not designated as hedging instruments (1) | $ | 23,494 |  |  | $ | (2,687 | ) |  | $ | 936 |
Currency-related gains (losses), net (2) | 2,506 |  |  | (19,500 | ) |  | 5,577 |
Other gains (3) | 476 |  |  | 1,155 |  |  | 3,849 |
Total other income (expense), net | $ | 26,476 |  |  | $ | (21,032 | ) |  | $ | 10,362 |
_____________________ (1) Primarily relates to both realized and unrealized gains (losses) on derivative currency forward and option contracts not designated as hedging instruments, as well as the ineffectiveness associated with our cash flow hedges. (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 (losses) gains, net for the years ended June 30, 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 loss related to cross-currency swaps was $3,484 for the year ended June 30, 2019, and unrealized gains were $2,722, and $3,737 for the years ended June 30, 2018 and 2017, respectively. (3) The gain recognized during the year ended June 30, 2018, was primarily related to insurance recoveries of $675. During the year ended June 30, 2017, we recognized a gain of $2,268 related to the sale of Plaza Create Co. Ltd. available for sale securities.
Schedule of Weighted Average Number of Shares | The following table sets forth the reconciliation of the weighted-average number of ordinary shares:
| Year Ended June 30,
| 2019 |  | 2018 |  | 2017
Weighted average shares outstanding, basic | 30,786,349 |  |  | 30,948,081 |  |  | 31,291,581 |
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/RSAs | 876,356 |  |  | 1,272,320 |  |  | — |
Shares used in computing diluted net income (loss) per share attributable to Cimpress plc | 31,662,705 |  |  | 32,220,401 |  |  | 31,291,581 |
Weighted average anti-dilutive shares excluded from diluted net income (loss) per share attributable to Cimpress plc (1) | — |  |  | 2,291 |  |  | 21,978 |
_____________________ (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.

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