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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables)
9 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Interest and Other Income
The following table summarizes the components of other income (expense), net:
 Three Months Ended March 31, Nine Months Ended March 31,
2021202020212020
Gains (losses) on derivatives not designated as hedging instruments (1) $18,724 $18,039 $(13,791)$25,730 
Currency-related (losses) gains, net (2)(8,841)3,950 (2,957)3,183 
Other (losses) gains(98)548 581 258 
Total other income (expense), net$9,785 $22,537 $(16,167)$29,171 
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(1) Primarily relates to both realized and unrealized gains and losses on derivative currency forward and option contracts and interest rate swaps not designated as hedging instruments, including gains of $6,394 and $6,759 for the three and nine months ended March 31, 2021, respectively, related to certain interest rate swap contracts that have been de-designated from hedge accounting due to their ineffectiveness, which had an immaterial impact in the comparative periods..
(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 are primarily driven by this intercompany activity for the periods presented. In addition, we have certain cross-currency swaps designated as cash flow hedges which hedge the remeasurement of certain intercompany loans; both are presented in the same component above. The unrealized gains related to cross-currency swaps for the three months ended March 31, 2021 were $6,288, and the unrealized losses were $5,233 for the nine months ended March 31, 2021, as compared to unrealized gains of $1,807 and $3,627 for the three and nine months ended March 31, 2020, respectively.
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 March 31, Nine Months Ended March 31,
 2021202020212020
Weighted average shares outstanding, basic26,003,675 26,024,229 25,984,300 27,608,387 
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants— — — 709,053 
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc26,003,675 26,024,229 25,984,300 28,317,440 
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1) (2)621,172 464,638 485,067 — 
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(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 nine months ended March 31, 2021, the weighted average anti-dilutive effect of the warrants was 412,473 and 348,973 shares, respectively. Refer to Note 9 for additional details about the arrangement.
(2) In the periods in which a net loss is recognized, the impact of share options, RSUs, RSAs and warrants is not included as they are anti-dilutive.