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Summary of Significant Accounting Policies Summary of Significant Accounting Principles (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

For the year ended June 30, 2021, we incorrectly recognized $7,518 of gains in other income (expense), net. This error overstated other income (expense), net; income (loss) before income taxes; and net loss for the period but did not have an impact on cash provided by operating activities, since it is a non-cash currency item. Included below are the revisions made for each period presented.

Consolidated Balance Sheets			As of June 30, 2021
			Reported						Adjustments						Revised
Accumulated other comprehensive loss			$	(79,000)					$	7,518					$	(71,482)
Retained earnings			537,677						(7,518)						530,159

Consolidated Statements of Operations			Year ended June 30, 2021
			Reported						Adjustments						Revised
Other income (expense), net			$	(11,835)					$	(7,518)					$	(19,353)
Loss before income taxes			(56,036)						(7,518)						(63,554)
Net loss			(74,939)						(7,518)						(82,457)
Net loss attributable to Cimpress plc			(77,711)						(7,518)						(85,229)
Net loss per share attributable to Cimpress plc:
Basic			$	(2.99)					$	(0.29)					$	(3.28)
Diluted			$	(2.99)					$	(0.29)					$	(3.28)
Consolidated Statements of Comprehensive (Loss) Income			Year ended June 30, 2021
			Reported						Adjustments						Revised
Net loss			$	(74,939)					$	(7,518)					$	(82,457)
Foreign currency translation losses, net of hedges			5,397						7,518						12,915
Consolidated Statements of Shareholders' Deficit			Year ended June 30, 2021
			Reported						Adjustments						Revised
Net loss attributable to Cimpress plc			$	(77,711)					$	(7,518)					$	(85,229)
Foreign currency translation, net of hedges			3,765						7,518						11,283
Consolidated Statements of Cash Flows			Year ended June 30, 2021
			Reported						Adjustments						Revised
Net loss			$	(74,939)					$	(7,518)					$	(82,457)
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency			(7,278)						7,518						240

Presentation of Revenue and Cost of Revenue

During the first quarter of fiscal 2022, we identified an immaterial error related to the presentation of revenue for one-to-one design service arrangements that overstated revenue and cost of revenue for the period from October 1, 2020 through June 30, 2021. On October 1, 2020 we acquired the 99designs business, which is presented as part of our Vista reportable segment, and after acquisition we recognized revenue on a gross basis as if we were the principal to the transactions. During the first quarter of fiscal 2022, we reconsidered the guidance of ASC 606-10-55-39 and confirmed we are the principal for contest arrangements; however, the one-to-one design service portion of 99designs revenue is governed by different terms and conditions. We evaluated whether we have control over these services before the design is transferred to the customer, as we leverage a network of third-party designers to fulfill this offering. The pricing and fulfillment responsibility aspects of the one-to-one design arrangements led us to conclude we are an agent to these specific transactions.

The revision for the year ended June 30, 2021 is summarized in the table below.

Consolidated Statements of Operations			Year ended June 30, 2021
			Reported						Adjustments						Revised
Revenue			$	2,592,513					$	(16,552)					$	2,575,961
Cost of revenue			1,316,441						(16,552)						1,299,889

Debt Securities, Held-to-maturity

The following is a summary of the net carrying amount, unrealized gains, unrealized losses, and fair value of held-to-maturity securities by type and contractual maturity as of June 30, 2022 and June 30, 2021.

			June 30, 2022
			Amortized cost												Unrealized losses						Fair value
Due within one year or less:
Corporate debt securities			$	49,952											$	(546)					$	49,406
Total held-to-maturity securities			$	49,952											$	(546)					$	49,406

			June 30, 2021
			Amortized cost						Unrealized gains												Fair value
Due within one year or less:
Commercial paper			$	74,463					$	(28)											$	74,407
Corporate debt securities			77,785						(57)												77,638
Total due within one year or less			152,248						(85)												152,045
Due after one year through two years:
Corporate debt securities			50,713						(90)												50,721
Total held-to-maturity securities			$	202,961					$	(175)											$	202,766

Interest and Other Income

The following table summarizes the components of other income (expense), net:

									Year Ended June 30,
															2022						2021						2020
Gains (losses) on derivatives not designated as hedging instruments (1)															$	58,148					$	(20,728)					$	20,564
Currency-related gains, net (2)															244						1,005						2,309
Other gains															3,071						370						1
Total other income (expense), net (3)															$	61,463					$	(19,353)					$	22,874

_____________________

(1) Includes realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments,as well as the ineffective portion of certain interest rate swap contracts that have been de-designated from hedge accounting. For contracts not designated as hedging instruments, we realized gains of $9,955 and $28,902, respectively, for the years ended June 30, 2022

and 2020, and losses of $6,854 for the year ended June 30, 2021. Refer to Note 4 for additional details relating to our derivative contracts.

(2) Currency-related (losses) gains, net primarily relates to significant non-functional currency intercompany financing relationships that we may change at times and are subject to currency exchange rate volatility. In addition, we have certain cross-currency swaps designated as cash flow hedges which hedge the remeasurement of certain intercompany loans; refer to Note 4 for additional details relating to these cash flow hedges.

(3) During fiscal year 2022, we identified an immaterial error and revised our previously reported results to reduce the gain presented above by $7,518 for the year ended June 30, 2021. Refer to the "Revision of Prior Period Financial Statements" section above for additional details.

Schedule of Weighted Average Number of Shares

The following table sets forth the reconciliation of the weighted-average number of ordinary shares:

									Year Ended June 30,
															2022						2021						2020
Weighted average shares outstanding, basic															26,094,842						25,996,572						27,180,744
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants (1)															—						—						592,542
Shares used in computing diluted net (loss) income per share attributable to Cimpress plc															26,094,842						25,996,572						27,773,286
Weighted average anti-dilutive shares excluded from diluted net (loss) income per share attributable to Cimpress plc (1)(2)															762,086						494,329						1,325

___________________

(1) 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.

(2) 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 years ended June 30, 2022 and 2021, the weighted average anti-dilutive effect of the warrants were 138,088 and 368,933 shares, respectively. For the year ended June 30, 2020, the weighted average dilutive effect of the warrants was 73,719 shares, respectively.

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