XML 40 R31.htm IDEA: XBRL DOCUMENT v3.22.1

Segment Information (Tables)

9 Months Ended

Mar. 31, 2022

Mar. 31, 2021

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,
															2022						2021						2022						2021
Revenue:
Vista (1)															$	349,216					$	321,965					$	1,146,810					$	1,082,332
PrintBrothers															119,960						93,997						383,011						315,915
The Print Group															75,361						59,945						238,311						202,586
National Pen															72,243						62,220						266,224						244,561
All Other Businesses															48,486						44,062						154,076						142,905
Total segment revenue															665,266						582,189						2,188,432						1,988,299
Inter-segment eliminations (2)															(7,854)						(8,827)						(23,705)						(47,533)
Total consolidated revenue															$	657,412					$	573,362					$	2,164,727					$	1,940,766

_____________________

(1) During the first quarter of fiscal year 2022, we identified an immaterial error and revised our previously reported results to decrease Vista segment revenue by $5,489 and $10,730 for the three and nine months ended March 31, 2022. Refer to Note 2 for additional details.

(2) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment. The decrease of inter-segment eliminations is the result of significant cross-business transactions during the three and nine months ended March 31, 2022 associated with the fulfillment of masks in response to the pandemic. Demand for this product was far lower in the current periods.

Revenue from External Customers by Geographic Areas [Table Text Block]

			Three Months Ended March 31, 2022
			Vista						PrintBrothers						The Print Group						National Pen						All Other						Total
Revenue by Geographic Region:
North America			$	236,751					$	—					$	—					$	43,483					$	42,047					$	322,281
Europe			78,136						119,353						73,885						21,876						—						293,250
Other			32,779						—						—						3,741						5,361						41,881
Inter-segment			1,550						607						1,476						3,143						1,078						7,854
Total segment revenue			349,216						119,960						75,361						72,243						48,486						665,266
Less: inter-segment elimination			(1,550)						(607)						(1,476)						(3,143)						(1,078)						(7,854)
Total external revenue			$	347,666					$	119,353					$	73,885					$	69,100					$	47,408					$	657,412

			Nine Months Ended March 31, 2022
			Vista						PrintBrothers						The Print Group						National Pen						All Other						Total
Revenue by Geographic Region:
North America			$	770,815					$	—					$	—					$	142,497					$	134,390					$	1,047,702
Europe			267,296						381,654						232,636						96,524						—						978,110
Other			105,342						—						—						16,503						17,070						138,915
Inter-segment			3,357						1,357						5,675						10,700						2,616						23,705
Total segment revenue			1,146,810						383,011						238,311						266,224						154,076						2,188,432
Less: inter-segment elimination			(3,357)						(1,357)						(5,675)						(10,700)						(2,616)						(23,705)
Total external revenue			$	1,143,453					$	381,654					$	232,636					$	255,524					$	151,460					$	2,164,727

			Three Months Ended March 31, 2021
			Vista						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			33,167						—						—						4,012						4,093						41,272
Inter-segment			611						166						2,409						5,079						562						8,827
Total segment revenue			321,965						93,997						59,945						62,220						44,062						582,189
Less: inter-segment elimination			(611)						(166)						(2,409)						(5,079)						(562)						(8,827)
Total external revenue			$	321,354					$	93,831					$	57,536					$	57,141					$	43,500					$	573,362

			Nine Months Ended March 31, 2021
			Vista						PrintBrothers						The Print Group						National Pen						All Other						Total
Revenue by Geographic Region:
North America			$	715,494					$	—					$	—					$	112,397					$	128,013					$	955,904
Europe			277,649						315,336						187,257						87,913						—						868,155
Other			87,485						—						—						16,359						12,863						116,707
Inter-segment			1,704						579						15,329						27,892						2,029						47,533
Total segment revenue			1,082,332						315,915						202,586						244,561						142,905						1,988,299
Less: inter-segment elimination			(1,704)						(579)						(15,329)						(27,892)						(2,029)						(47,533)
Total external revenue			$	1,080,628					$	315,336					$	187,257					$	216,669					$	140,876					$	1,940,766

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,
															2022						2021						2022						2021
Segment EBITDA:
Vista															$	27,386					$	64,333					$	188,114					$	266,821
PrintBrothers															12,392						7,560						47,280						33,732
The Print Group															11,923						6,475						42,670						31,227
National Pen															(898)						(3,324)						22,653						4,733
All Other Businesses															6,044						6,515						17,199						25,781
Total segment EBITDA															56,847						81,559						317,916						362,294
Central and corporate costs															(37,936)						(34,144)						(109,834)						(96,148)
Depreciation and amortization															(43,651)						(42,809)						(133,397)						(128,696)
Proceeds from insurance															—						(122)						—						(122)
Certain impairments and other adjustments															(277)						(20,563)						3,216						(21,131)
Restructuring-related charges															(3,420)						382						(3,418)						(1,714)
Total (loss) income from operations															(28,437)						(15,697)						74,483						114,483
Other income (expense), net															12,321						9,785						38,330						(16,167)
Interest expense, net															(24,247)						(29,002)						(75,304)						(89,659)
(Loss) income before income taxes															$	(40,363)					$	(34,914)					$	37,509					$	8,657

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

									Three Months Ended March 31,												Nine Months Ended March 31,
															2022						2021						2022						2021
Depreciation and amortization:
Vista															$	15,791					$	14,881					$	49,757					$	43,420
PrintBrothers															5,466						5,493						15,806						16,464
The Print Group															6,459						6,630						19,655						19,852
National Pen															5,933						6,304						18,061						18,626
All Other Businesses															4,519						4,524						13,942						14,783
Central and corporate costs															5,483						4,977						16,176						15,551
Total depreciation and amortization															$	43,651					$	42,809					$	133,397					$	128,696

									Three Months Ended March 31,												Nine Months Ended March 31,
															2022						2021						2022						2021
Purchases of property, plant and equipment:
Vista															$	4,132					$	2,411					$	14,491					$	6,860
PrintBrothers															665						286						3,381						1,424
The Print Group															7,560						980						14,237						6,910
National Pen															644						679						2,855						3,503
All Other Businesses															2,130						744						5,802						2,712
Central and corporate costs															472						846						1,376						1,327
Total purchases of property, plant and equipment															$	15,603					$	5,946					$	42,142					$	22,736

									Three Months Ended March 31,												Nine Months Ended March 31,
															2022						2021						2022						2021
Capitalization of software and website development costs:
Vista															$	8,235					$	10,414					$	24,425					$	21,830
PrintBrothers															361						379						829						970
The Print Group															790						398						1,735						1,061
National Pen															877						604						2,608						1,673
All Other Businesses															981						897						3,248						2,639
Central and corporate costs															6,497						6,184						17,030						17,148
Total capitalization of software and website development costs															$	17,741					$	18,876					$	49,875					$	45,321

Revenues and long-lived assets by geographic area

The following table sets forth long-lived assets by geographic area:

			March 31, 2022						June 30, 2021
Long-lived assets (1):
United States			$	92,469					$	87,136
Netherlands			70,700						76,449
Canada			60,494						57,685
Switzerland			73,467						65,269
Italy			46,540						46,559
France			26,005						20,802
Jamaica			19,191						21,060
Australia			20,043						25,564
Japan			12,947						15,168
Other			85,647						96,964
Total			$	507,503					$	512,656

___________________

(1) Excludes goodwill of $787,572 and $726,979, intangible assets, net of $171,813 and $186,744, deferred tax assets of $113,059 and $149,618, and marketable securities, non-current of $12,116 and $50,713 as of March 31, 2022 and June 30, 2021, respectively.

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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ 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 a
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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