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Noncontrolling interests (Tables)

12 Months Ended

Jun. 30, 2022

Noncontrolling Interest [Line Items]

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]

The following table presents the reconciliation of changes in our redeemable noncontrolling interests:

						Redeemable Noncontrolling Interest
Balance as of June 30, 2020						$	69,106
Acquisition of noncontrolling interest (1)						4,370
Accretion to redemption value recognized in retained earnings (2)						3,049
Net income attributable to noncontrolling interests						2,772
Distribution to noncontrolling interests (3)						(4,746)
Purchase of noncontrolling interest (4)						(5,063)
Foreign currency translation						1,632
Balance as of June 30, 2021						71,120
Acquisition of noncontrolling interest (1)						4,453
Accretion to redemption value (2)						61,962
Net income attributable to noncontrolling interests						3,761
Distribution to noncontrolling interests (3)						(3,963)
Purchase of noncontrolling interest (4)						(2,165)
Foreign currency translation						(3,685)
Balance as of June 30, 2022						$	131,483

_________________

(1) During fiscal year 2021, we acquired the majority equity interest in an immaterial business within our All Other reportable segment. On January 21, 2022, we completed a transaction that resulted in our acquisition of a 75% interest in a company that is included in the PrintBrothers reportable segment. The remaining 25% is considered a redeemable noncontrolling interest which was recognized at fair value as of the acquisition date.

(2) Accretion of redeemable noncontrolling interests to redemption value recognized in retained earnings or additional paid in capital is the result of the estimated redemption amount being greater than carrying value but less than fair value. Refer above for additional details included above.

(3) Distributions to noncontrolling interests include contractually required profit sharing payments made annually to the minority interest holders in one of the PrintBrothers businesses.

(4) During fiscal year 2021, a PrintBrothers noncontrolling interest holder sold their shares to Cimpress and in fiscal year 2022 the final redemption amount associated with this share purchase was paid.

X

- Definition

The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4M
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591554-111686

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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

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