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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables)
6 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Interest and Other Income
The following table summarizes the components of other (expense) income, net:
 Three Months Ended December 31, Six Months Ended December 31,
2020201920202019
(Losses) gains on derivatives not designated as hedging instruments (1) $(19,020)$(11,666)$(32,515)$7,691 
Currency-related gains (losses), net (2)1,809 2,645 5,884 (767)
Other gains (losses)13 (19)679 (290)
Total other (expense) income, net$(17,198)$(9,040)$(25,952)$6,634 
_____________________
(1) Primarily relates to both realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments, as well as certain interest rate swap contracts that have been de-designated from hedge accounting due to their ineffectiveness.
(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 six months ended December 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. The unrealized losses related to cross-currency swaps were $6,085 and $11,522 for the three and six months ended December 31, 2020, respectively, as compared to unrealized losses of $2,858 and $1,820 for the three and six months ended December 31, 2019, respectively.
[1],[2]
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 December 31, Six Months Ended December 31,
 2020201920202019
Weighted average shares outstanding, basic26,003,649 27,036,675 25,974,823 28,391,855 
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants380,811 880,084 415,450 831,261 
Shares used in computing diluted net income per share attributable to Cimpress plc26,384,460 27,916,759 26,390,273 29,223,116 
Weighted average anti-dilutive shares excluded from diluted net income per share attributable to Cimpress plc (1)3,129 — 1,565 — 
_____________________
(1) On May 1, 2020, we entered into a financing arrangement with Apollo Global Management, Inc., which included 7-year warrants with a strike price of $60 that have a potentially dilutive impact on our weighted average shares outstanding. For the three and six months ended December 31, 2020, the weighted average anti-dilutive effect of the warrants was 318,191 and 317,224 shares, respectively. Refer to Note 9 for additional details about the arrangement.
[3]
[1] Primarily relates to both realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments, as well as certain interest rate swap contracts that have been de-designated from hedge accounting due to their ineffectiveness.
[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 six months ended December 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. The unrealized losses related to cross-currency swaps were $6,085 and $11,522 for the three and six months ended December 31, 2020, respectively, as compared to unrealized losses of $2,858 and $1,820 for the three and six months ended December 31, 2019, respectively.
[3] On May 1, 2020, we entered into a financing arrangement with Apollo Global Management, Inc., which included 7-year warrants with a strike price of $60 that have a potentially dilutive impact on our weighted average shares outstanding. For the three and six months ended December 31, 2020, the weighted average anti-dilutive effect of the warrants was 318,191 and 317,224 shares, respectively. Refer to Note 9 for additional details about the arrangement.