XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment Information (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Reconciliation of Revenue from Segments to Consolidated | [1] | The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.
| Three Months Ended December 31, |  | Six Months Ended December 31, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |
Revenue (1): |  |  |  |  |  |  |  |  |  |  |
Vistaprint | $ | 436,317 |  |  | $ | 433,305 |  |  | $ | 765,608 |  |  | $ | 776,476 |  |  |  |  |
PrintBrothers | 121,806 |  |  | 126,617 |  |  | 221,918 |  |  | 235,907 |  |  |  |  |
The Print Group | 76,204 |  |  | 87,699 |  |  | 142,641 |  |  | 159,957 |  |  |  |  |
National Pen | 114,692 |  |  | 127,985 |  |  | 182,341 |  |  | 198,148 |  |  |  |  |
All Other Businesses | 55,365 |  |  | 49,774 |  |  | 98,843 |  |  | 92,050 |  |  |  |  |
Total segment revenue | 804,384 |  |  | 825,380 |  |  | 1,411,351 |  |  | 1,462,538 |  |  |  |  |
Inter-segment eliminations | (18,239) |  |  | (5,047) |  |  | (38,706) |  |  | (8,246) |  |  |  |  |
Total consolidated revenue | $ | 786,145 |  |  | $ | 820,333 |  |  | $ | 1,372,645 |  |  | $ | 1,454,292 |  |  |  |  |
_____________________ (1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment. |
Disaggregation of Revenue |  |
| Three Months Ended December 31, 2020
| Vistaprint |  | PrintBrothers |  | The Print Group |  | National Pen |  | All Other |  | Total
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 268,736 |  |  | $ | — |  |  | $ | — |  |  | $ | 48,678 |  |  | $ | 49,662 |  |  | $ | 367,076 |
Europe | 126,877 |  |  | 121,564 |  |  | 69,343 |  |  | 47,578 |  |  | — |  |  | 365,362 |
Other | 40,033 |  |  | — |  |  | — |  |  | 8,699 |  |  | 4,975 |  |  | 53,707 |
Inter-segment | 671 |  |  | 242 |  |  | 6,861 |  |  | 9,737 |  |  | 728 |  |  | 18,239 |
Total segment revenue | 436,317 |  |  | 121,806 |  |  | 76,204 |  |  | 114,692 |  |  | 55,365 |  |  | 804,384 |
Less: inter-segment elimination | (671) |  |  | (242) |  |  | (6,861) |  |  | (9,737) |  |  | (728) |  |  | (18,239) |
Total external revenue | $ | 435,646 |  |  | $ | 121,564 |  |  | $ | 69,343 |  |  | $ | 104,955 |  |  | $ | 54,637 |  |  | $ | 786,145 |
| Three Months Ended December 31, 2019
| Vistaprint |  | PrintBrothers |  | The Print Group |  | National Pen |  | All Other |  | Total
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 284,345 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,400 |  |  | $ | 44,221 |  |  | $ | 382,966 |
Europe | 121,143 |  |  | 126,288 |  |  | 86,713 |  |  | 60,887 |  |  | — |  |  | 395,031 |
Other | 25,292 |  |  | — |  |  | — |  |  | 11,732 |  |  | 5,312 |  |  | 42,336 |
Inter-segment | 2,525 |  |  | 329 |  |  | 986 |  |  | 966 |  |  | 241 |  |  | 5,047 |
Total segment revenue | 433,305 |  |  | 126,617 |  |  | 87,699 |  |  | 127,985 |  |  | 49,774 |  |  | 825,380 |
Less: inter-segment elimination | (2,525) |  |  | (329) |  |  | (986) |  |  | (966) |  |  | (241) |  |  | (5,047) |
Total external revenue | $ | 430,780 |  |  | $ | 126,288 |  |  | $ | 86,713 |  |  | $ | 127,019 |  |  | $ | 49,533 |  |  | $ | 820,333 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |  | The following table includes segment EBITDA by reportable segment, total income from operations and total income before income taxes.
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |
Segment EBITDA: |  |  |  |  |  |  |  |  |  |  |
Vistaprint | $ | 112,331 |  |  | $ | 138,858 |  |  | $ | 202,488 |  |  | $ | 226,161 |  |  |  |  |
PrintBrothers | 16,457 |  |  | 16,459 |  |  | 26,172 |  |  | 27,236 |  |  |  |  |
The Print Group | 12,569 |  |  | 18,105 |  |  | 24,752 |  |  | 31,739 |  |  |  |  |
National Pen | 18,728 |  |  | 28,099 |  |  | 8,057 |  |  | 18,249 |  |  |  |  |
All Other Businesses | 10,657 |  |  | 3,668 |  |  | 19,266 |  |  | 5,385 |  |  |  |  |
Total segment EBITDA | 170,742 |  |  | 205,189 |  |  | 280,735 |  |  | 308,770 |  |  |  |  |
Central and corporate costs | (30,984) |  |  | (38,405) |  |  | (62,004) |  |  | (72,058) |  |  |  |  |
Depreciation and amortization | (43,597) |  |  | (42,356) |  |  | (85,887) |  |  | (84,891) |  |  |  |  |
Certain impairments and other adjustments | 215 |  |  | (936) |  |  | (568) |  |  | (760) |  |  |  |  |
Restructuring-related charges | (2,182) |  |  | (1,897) |  |  | (2,096) |  |  | (4,087) |  |  |  |  |
Total income from operations | 94,194 |  |  | 121,595 |  |  | 130,180 |  |  | 146,974 |  |  |  |  |
Other (expense) income, net | (17,198) |  |  | (9,040) |  | — |  | (25,952) |  |  | 6,634 |  |  |  |  |
Interest expense, net | (30,141) |  |  | (15,701) |  | — |  | (60,657) |  |  | (30,788) |  |  |  |  |
Income before income taxes | $ | 46,855 |  |  | $ | 96,854 |  |  | $ | 43,571 |  |  | $ | 122,820 |  |  |  |  |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated |  |
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Vistaprint | $ | 14,952 |  |  | $ | 15,042 |  |  | $ | 28,539 |  |  | $ | 30,682 |  |  |
PrintBrothers | 5,509 |  |  | 5,553 |  |  | 10,971 |  |  | 10,808 |  |  |
The Print Group | 6,641 |  |  | 6,609 |  |  | 13,222 |  |  | 12,842 |  |  |
National Pen | 6,255 |  |  | 5,523 |  |  | 12,322 |  |  | 11,104 |  |  |
All Other Businesses | 4,391 |  |  | 5,888 |  |  | 10,259 |  |  | 11,861 |  |  |
Central and corporate costs | 5,849 |  |  | 3,741 |  |  | 10,574 |  |  | 7,594 |  |  |
Total depreciation and amortization | $ | 43,597 |  |  | $ | 42,356 |  |  | $ | 85,887 |  |  | $ | 84,891 |  |  |
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Purchases of property, plant and equipment: |  |  |  |  |  |  |  |  |
Vistaprint | $ | 2,515 |  |  | $ | 6,192 |  |  | $ | 4,449 |  |  | $ | 10,697 |  |  |
PrintBrothers | 213 |  |  | 668 |  |  | 1,138 |  |  | 999 |  |  |
The Print Group | 3,043 |  |  | 4,889 |  |  | 5,930 |  |  | 8,994 |  |  |
National Pen | 1,372 |  |  | 761 |  |  | 2,824 |  |  | 2,777 |  |  |
All Other Businesses | 1,014 |  |  | 595 |  |  | 1,968 |  |  | 2,370 |  |  |
Central and corporate costs | 250 |  |  | 796 |  |  | 481 |  |  | 2,257 |  |  |
Total purchases of property, plant and equipment | $ | 8,407 |  |  | $ | 13,901 |  |  | $ | 16,790 |  |  | $ | 28,094 |  |  |
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Capitalization of software and website development costs: |  |  |  |  |  |  |  |  |
Vistaprint | $ | 4,429 |  |  | $ | 4,357 |  |  | $ | 11,416 |  |  | $ | 9,779 |  |  |
PrintBrothers | 185 |  |  | 291 |  |  | 591 |  |  | 622 |  |  |
The Print Group | 433 |  |  | 424 |  |  | 663 |  |  | 875 |  |  |
National Pen | 355 |  |  | 979 |  |  | 1,069 |  |  | 1,815 |  |  |
All Other Businesses | 681 |  |  | 1,116 |  |  | 1,742 |  |  | 2,079 |  |  |
Central and corporate costs | 5,558 |  |  | 3,779 |  |  | 10,964 |  |  | 8,247 |  |  |
Total capitalization of software and website development costs | $ | 11,641 |  |  | $ | 10,946 |  |  | $ | 26,445 |  |  | $ | 23,417 |  |  |
Revenues and long-lived assets by geographic area |  | The following table sets forth long-lived assets by geographic area:
| December 31, 2020 |  | June 30, 2020
Long-lived assets (1): |  |  |
United States | $ | 147,268 |  |  | $ | 161,853 |
Netherlands | 81,187 |  |  | 82,897 |
Canada | 61,080 |  |  | 67,367 |
Switzerland | 65,197 |  |  | 58,013 |
Italy | 48,326 |  |  | 46,317 |
Jamaica | 21,309 |  |  | 21,563 |
Australia | 21,809 |  |  | 19,695 |
France | 24,933 |  |  | 23,917 |
Japan | 16,399 |  |  | 15,430 |
Other | 97,686 |  |  | 94,922 |
Total | $ | 585,194 |  |  | $ | 591,974 |
___________________ (1) Excludes goodwill of $726,813 and $621,904, intangible assets, net of $212,078 and $209,228, and deferred tax assets of $146,814 and $143,496 as of December 31, 2020 and June 30, 2020, respectively. |
[1] | Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingRevenueReconcilingItemLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration