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Restructuring Charges

9 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

Restructuring costs include one-time employee termination benefits, acceleration of share-based compensation, write-off of assets and other related costs including third-party professional and outplacement services. During the three months ended March 31, 2021, we recognized restructuring benefits of $382 due to changes in prior estimates, while during the nine months ended March 31, 2021 we recognized costs of $1,714, due to organizational changes within The Print Group segment intended to streamline certain activities. During the three and nine months ended March 31, 2020, we recognized restructuring charges of $919 and $5,006, respectively, related primarily to charges within our Vistaprint reportable segment.

The following table summarizes the restructuring activity during the nine months ended March 31, 2021:

			Severance and Related Benefits						Other Restructuring Costs						Total
Accrued restructuring liability as of June 30, 2020			$	5,969					$	77					$	6,046
Restructuring charges			1,071						643						1,714
Cash payments			(4,105)						—						(4,105)
Non-cash charges (1)			—						(643)						(643)
Accrued restructuring liability as of March 31, 2021			$	2,935					$	77					$	3,012

(1) Non-cash charges primarily include the write-off of property, plant and equipment, net in The Print Group segment to streamline certain activities.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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