XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.21.1

Segment Information (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Segment Reporting, Revenue Reconciling Item [Line Items] |  |
Reconciliation of Revenue from Segments to Consolidated | 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 March 31, |  | Nine Months Ended March 31, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
Revenue (1): |  |  |  |  |  |  |  |  |  |  |
Vistaprint | $ | 327,454 |  |  | $ | 316,310 |  |  | $ | 1,093,062 |  |  | $ | 1,092,786 |  |  |  |  |
PrintBrothers | 93,997 |  |  | 109,496 |  |  | 315,915 |  |  | 345,403 |  |  |  |  |
The Print Group | 59,945 |  |  | 68,537 |  |  | 202,586 |  |  | 228,494 |  |  |  |  |
National Pen | 62,220 |  |  | 68,362 |  |  | 244,561 |  |  | 266,510 |  |  |  |  |
All Other Businesses | 44,062 |  |  | 39,237 |  |  | 142,905 |  |  | 131,287 |  |  |  |  |
Total segment revenue | 587,678 |  |  | 601,942 |  |  | 1,999,029 |  |  | 2,064,480 |  |  |  |  |
Inter-segment eliminations | (8,827) |  |  | (3,982) |  |  | (47,533) |  |  | (12,228) |  |  |  |  |
Total consolidated revenue | $ | 578,851 |  |  | $ | 597,960 |  |  | $ | 1,951,496 |  |  | $ | 2,052,252 |  |  |  |  |
_____________________ (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 March 31, 2021
| Vistaprint |  | PrintBrothers |  | The Print Group |  | National Pen |  | All Other |  | Total
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 214,663 |  |  | $ | — |  |  | $ | — |  |  | $ | 33,398 |  |  | $ | 39,407 |  |  | $ | 287,468 |
Europe | 73,524 |  |  | 93,831 |  |  | 57,536 |  |  | 19,731 |  |  | — |  |  | 244,622 |
Other | 38,656 |  |  | — |  |  | — |  |  | 4,012 |  |  | 4,093 |  |  | 46,761 |
Inter-segment | 611 |  |  | 166 |  |  | 2,409 |  |  | 5,079 |  |  | 562 |  |  | 8,827 |
Total segment revenue | 327,454 |  |  | 93,997 |  |  | 59,945 |  |  | 62,220 |  |  | 44,062 |  |  | 587,678 |
Less: inter-segment elimination | (611) |  |  | (166) |  |  | (2,409) |  |  | (5,079) |  |  | (562) |  |  | (8,827) |
Total external revenue | $ | 326,843 |  |  | $ | 93,831 |  |  | $ | 57,536 |  |  | $ | 57,141 |  |  | $ | 43,500 |  |  | $ | 578,851 |
| Three Months Ended March 31, 2020
| Vistaprint |  | PrintBrothers |  | The Print Group |  | National Pen |  | All Other |  | Total
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 222,294 |  |  | $ | — |  |  | $ | — |  |  | $ | 41,093 |  |  | $ | 35,040 |  |  | $ | 298,427 |
Europe | 74,335 |  |  | 109,246 |  |  | 67,617 |  |  | 21,146 |  |  | — |  |  | 272,344 |
Other | 18,074 |  |  | — |  |  | — |  |  | 5,142 |  |  | 3,973 |  |  | 27,189 |
Inter-segment | 1,607 |  |  | 250 |  |  | 920 |  |  | 981 |  |  | 224 |  |  | 3,982 |
Total segment revenue | 316,310 |  |  | 109,496 |  |  | 68,537 |  |  | 68,362 |  |  | 39,237 |  |  | 601,942 |
Less: inter-segment elimination | (1,607) |  |  | (250) |  |  | (920) |  |  | (981) |  |  | (224) |  |  | (3,982) |
Total external revenue | $ | 314,703 |  |  | $ | 109,246 |  |  | $ | 67,617 |  |  | $ | 67,381 |  |  | $ | 39,013 |  |  | $ | 597,960 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table includes segment EBITDA by reportable segment, total (loss) income from operations and total (loss) income before income taxes.
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
Segment EBITDA: |  |  |  |  |  |  |  |  |  |  |
Vistaprint | $ | 64,333 |  |  | $ | 73,780 |  |  | $ | 266,821 |  |  | $ | 299,941 |  |  |  |  |
PrintBrothers | 7,560 |  |  | 8,686 |  |  | 33,732 |  |  | 35,922 |  |  |  |  |
The Print Group | 6,475 |  |  | 10,934 |  |  | 31,227 |  |  | 42,673 |  |  |  |  |
National Pen | (3,324) |  |  | (1,244) |  |  | 4,733 |  |  | 17,005 |  |  |  |  |
All Other Businesses | 6,515 |  |  | 3,187 |  |  | 25,781 |  |  | 8,572 |  |  |  |  |
Total segment EBITDA | 81,559 |  |  | 95,343 |  |  | 362,294 |  |  | 404,113 |  |  |  |  |
Central and corporate costs | (34,144) |  |  | (38,344) |  |  | (96,148) |  |  | (110,402) |  |  |  |  |
Depreciation and amortization | (42,809) |  |  | (41,840) |  |  | (128,696) |  |  | (126,731) |  |  |  |  |
Proceeds from insurance | (122) |  |  | — |  |  | (122) |  |  | — |  |  |  |  |
Certain impairments and other adjustments | (20,563) |  |  | (101,976) |  |  | (21,131) |  |  | (102,736) |  |  |  |  |
Restructuring-related charges | 382 |  |  | (919) |  |  | (1,714) |  |  | (5,006) |  |  |  |  |
Total (loss) income from operations | (15,697) |  |  | (87,736) |  |  | 114,483 |  |  | 59,238 |  |  |  |  |
Other income (expense), net | 9,785 |  |  | 22,537 |  |  | (16,167) |  |  | 29,171 |  |  |  |  |
Interest expense, net | (29,002) |  |  | (17,262) |  |  | (89,659) |  |  | (48,050) |  |  |  |  |
(Loss) income before income taxes | $ | (34,914) |  |  | $ | (82,461) |  |  | $ | 8,657 |  |  | $ | 40,359 |  |  |  |  |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated |
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Vistaprint | $ | 14,881 |  |  | $ | 14,609 |  |  | $ | 43,420 |  |  | $ | 45,291 |  |  |
PrintBrothers | 5,493 |  |  | 5,064 |  |  | 16,464 |  |  | 15,872 |  |  |
The Print Group | 6,630 |  |  | 6,083 |  |  | 19,852 |  |  | 18,925 |  |  |
National Pen | 6,304 |  |  | 6,294 |  |  | 18,626 |  |  | 17,398 |  |  |
All Other Businesses | 4,524 |  |  | 6,049 |  |  | 14,783 |  |  | 17,910 |  |  |
Central and corporate costs | 4,977 |  |  | 3,741 |  |  | 15,551 |  |  | 11,335 |  |  |
Total depreciation and amortization | $ | 42,809 |  |  | $ | 41,840 |  |  | $ | 128,696 |  |  | $ | 126,731 |  |  |
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Purchases of property, plant and equipment: |  |  |  |  |  |  |  |  |
Vistaprint | $ | 2,411 |  |  | $ | 134 |  |  | $ | 6,860 |  |  | $ | 10,831 |  |  |
PrintBrothers | 286 |  |  | 2,397 |  |  | 1,424 |  |  | 3,396 |  |  |
The Print Group | 980 |  |  | 4,949 |  |  | 6,910 |  |  | 13,943 |  |  |
National Pen | 679 |  |  | 728 |  |  | 3,503 |  |  | 3,505 |  |  |
All Other Businesses | 744 |  |  | 1,523 |  |  | 2,712 |  |  | 3,893 |  |  |
Central and corporate costs | 846 |  |  | 813 |  |  | 1,327 |  |  | 3,070 |  |  |
Total purchases of property, plant and equipment | $ | 5,946 |  |  | $ | 10,544 |  |  | $ | 22,736 |  |  | $ | 38,638 |  |  |
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Capitalization of software and website development costs: |  |  |  |  |  |  |  |  |
Vistaprint | $ | 10,414 |  |  | $ | 5,895 |  |  | $ | 21,830 |  |  | $ | 15,674 |  |  |
PrintBrothers | 379 |  |  | 90 |  |  | 970 |  |  | 712 |  |  |
The Print Group | 398 |  |  | 374 |  |  | 1,061 |  |  | 1,249 |  |  |
National Pen | 604 |  |  | 775 |  |  | 1,673 |  |  | 2,590 |  |  |
All Other Businesses | 897 |  |  | 890 |  |  | 2,639 |  |  | 2,969 |  |  |
Central and corporate costs | 6,184 |  |  | 4,383 |  |  | 17,148 |  |  | 12,630 |  |  |
Total capitalization of software and website development costs | $ | 18,876 |  |  | $ | 12,407 |  |  | $ | 45,321 |  |  | $ | 35,824 |  |  |
Revenues and long-lived assets by geographic area | The following table sets forth long-lived assets by geographic area:
| March 31, 2021 |  | June 30, 2020
Long-lived assets (1): |  |  |
United States | $ | 87,136 |  |  | $ | 161,853 |
Netherlands | 76,449 |  |  | 82,897 |
Canada | 57,685 |  |  | 67,367 |
Switzerland | 65,269 |  |  | 58,013 |
Italy | 46,559 |  |  | 46,317 |
Jamaica | 20,802 |  |  | 21,563 |
Australia | 21,060 |  |  | 19,695 |
France | 25,564 |  |  | 23,917 |
Japan | 15,168 |  |  | 15,430 |
Other | 96,964 |  |  | 94,922 |
Total | $ | 512,656 |  |  | $ | 591,974 |
___________________ (1) Excludes goodwill of $706,626 and $621,904, intangible assets, net of $194,502 and $209,228, and deferred tax assets of $135,491 and $143,496 as of March 31, 2021 and June 30, 2020, respectively. |

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