XML 42 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Summary of Significant Accounting Policies (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Mar. 31, 2022
Mar. 31, 2021
Jun. 30, 2021
May 01, 2020
Accounting Policies [Line Items]                    
Accumulated other comprehensive loss $ (49,623)   $ (67,187)       $ (49,623)   $ (71,482)  
Retained earnings 461,363   515,869       461,363   530,159  
Other income (expense), net 12,321   13,170 $ 9,785     38,330 $ (16,167) (19,353)  
(Loss) income before income taxes (40,363)   4,421 (34,914)     37,509 8,657 (63,554)  
Net loss 69,892   4,960 38,841     18,699 15,018 82,457  
Net Income (Loss) Attributable to Parent $ (71,817) $ 54,789 $ (6,698) $ (39,050) $ 32,287 $ (10,755) $ (23,726) $ (17,518) $ (85,229)  
Basic net loss per share attributable to Cimpress plc $ (2.75)   $ (0.26) $ (1.50)     $ (0.91) $ (0.67) $ (3.28)  
Diluted net loss per share attributable to Cimpress plc $ (2.75)   $ (0.26) $ (1.50)     $ (0.91) $ (0.67) $ (3.28)  
Foreign currency translation (losses) gains, net of hedges $ (4,281)   $ (183) $ (14,571)     $ (922) $ 192 $ 12,915  
Foreign currency translation, net of hedges (3,919) $ 4,146 674 2,724 $ 12,683 (609)     11,283  
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency     174       5,847 (2,537) 240  
Revenue 657,412     573,362     2,164,727 1,940,766    
Cost of revenue (1) 347,452     296,533     1,110,378 976,115    
Acquisition Costs, Period Cost             27,885      
Finance Lease, Principal Payments             35,099 5,486    
Proceeds from the sale of assets             27,466 3,574    
Marketable Securities, Current 95,637           95,637   152,248  
Marketable securities, non-current 12,116           12,116   50,713  
Total Marketable Securities 107,753           107,753   202,961  
Unrealized Gain on Securities (3)                  
Unrealized Loss on Securities (571)         (175)        
Investments, Fair Value Disclosure 107,185           107,185   202,786  
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 11,210     18,724     31,017 (13,791)    
Foreign Currency Transaction Gain (Loss), Realized (672)     (8,841)     5,202 (2,957)    
Other Nonoperating Gains (Losses) 1,783     (98)     2,111 581    
Total other income (expense), net 12,321   13,170 9,785     38,330 (16,167) (19,353)  
Unrealized (gain) loss on derivatives not designated as hedging instruments included in net loss             25,639 (18,280)    
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments $ 1,770     $ 6,288     $ 8,126 $ 5,233    
Weighted average shares outstanding — basic 26,102,610     26,003,675     26,090,460 25,984,300    
Weighted average shares outstanding — diluted 26,102,610     26,003,675     26,090,460 25,984,300    
Weighted average anti-dilutive shares excluded from diluted net loss per share attributable to Cimpress plc (2) 908,354     621,172     770,500 485,067    
Class of Warrant or Right, Exercise Price of Warrants or Rights                   $ 60
Previously Reported [Member]                    
Accounting Policies [Line Items]                    
Accumulated other comprehensive loss     (83,732)           (79,000)  
Retained earnings     532,414           537,677  
Other income (expense), net     22,197           (11,835)  
(Loss) income before income taxes     13,448           (56,036)  
Net loss     (4,067)           74,939  
Net Income (Loss) Attributable to Parent     $ 2,329           $ (77,711)  
Basic net loss per share attributable to Cimpress plc     $ 0.09           $ (2.99)  
Diluted net loss per share attributable to Cimpress plc     $ 0.09           $ (2.99)  
Foreign currency translation (losses) gains, net of hedges     $ (9,210)           $ 5,397  
Foreign currency translation, net of hedges     (8,353)           3,765  
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency     (8,853)           (7,278)  
Revenue       $ 578,851       $ 1,951,496    
Cost of revenue (1)       302,022       986,845    
Total other income (expense), net     22,197           (11,835)  
Revision of Prior Period, Error Correction, Adjustment [Member]                    
Accounting Policies [Line Items]                    
Accumulated other comprehensive loss     16,545           7,518  
Retained earnings     (16,545)           (7,518)  
Other income (expense), net     (9,027)           7,518  
(Loss) income before income taxes     (9,027)           (7,518)  
Net loss     9,027           7,518  
Net Income (Loss) Attributable to Parent     $ (9,027)           $ (7,518)  
Basic net loss per share attributable to Cimpress plc     $ (0.35)           $ (0.29)  
Diluted net loss per share attributable to Cimpress plc     $ (0.35)           $ (0.29)  
Foreign currency translation (losses) gains, net of hedges                 $ 7,518  
Foreign currency translation, net of hedges     $ 9,027           7,518  
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency     9,027           7,518  
Revenue       (5,489)       (10,730)    
Cost of revenue (1)       $ (5,489)       $ (10,730) 16,552  
Total other income (expense), net     $ (9,027)           7,518  
Building [Member]                    
Accounting Policies [Line Items]                    
Finance Lease, Principal Payments $ 23,534           $ 23,534      
Proceeds from the sale of assets             23,226      
Gain (Loss) on Sale of Assets and Asset Impairment Charges             3,324      
Commercial Paper                    
Accounting Policies [Line Items]                    
Marketable Securities, Current 18,998           18,998   74,463  
Unrealized Loss on Securities (14)         (28)        
Investments, Fair Value Disclosure 18,984           18,984   74,435  
Corporate Debt Securities                    
Accounting Policies [Line Items]                    
Marketable Securities, Current $ 76,639           $ 76,639   77,785  
Warrant [Member]                    
Accounting Policies [Line Items]                    
Weighted average shares issuable upon exercise/vesting of outstanding share options/RSUs/warrants (1) 103,443     412,473     264,963 348,973    
Foreign Exchange Forward [Member]                    
Accounting Policies [Line Items]                    
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ 4,630     $ 12,329     $ 24,653 $ (20,635)    
Interest Rate Swap [Member]                    
Accounting Policies [Line Items]                    
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 6,580     6,395     6,364 6,844    
Unrealized (gain) loss on derivatives not designated as hedging instruments included in net loss 6,580     $ 6,394     6,364 $ 6,759    
Marketable securities, current [Member]                    
Accounting Policies [Line Items]                    
Unrealized Gain on Securities 3                  
Unrealized Loss on Securities 338         (85)        
Investments, Fair Value Disclosure 95,302           95,302   152,163  
Marketable securities, current [Member] | Corporate Debt Securities                    
Accounting Policies [Line Items]                    
Unrealized Gain on Securities 3                  
Unrealized Loss on Securities 324         (57)        
Investments, Fair Value Disclosure 76,318           76,318   77,728  
Marketable securities, noncurrent [Member]                    
Accounting Policies [Line Items]                    
Unrealized Loss on Securities 233         $ (90)        
Investments, Fair Value Disclosure $ 11,883           $ 11,883   $ 50,623