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Segment Information
12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information
Our operating segments are based upon the manner in which our operations are managed and the availability of separate financial information reported internally to the Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”) for purposes of making decisions about how to allocate resources and assess performance.
As of June 30, 2023, we have numerous operating segments under our management reporting structure, which are reported in the following five reportable segments:
Vista - Vista is the parent brand of multiple offerings including VistaPrint, VistaCreate, Depositphotos, 99designs by Vista, and Vista Corporate Solutions, which together represent a full-service design, digital and print solution, elevating small businesses’ presence in physical and digital spaces and empowering them to achieve success.
PrintBrothers - Consists of three of our Upload & Print businesses, which includes druck.at, Printdeal, and WIRmachenDRUCK that primarily serve customers in Austria, Belgium, Germany, the Netherlands, and Switzerland.
The Print Group - Includes our Easyflyer, Exaprint, Pixartprinting, and Tradeprint businesses, which are Upload & Print businesses that primarily serve customers in France, Italy, Spain, and the United Kingdom.
National Pen - Includes the global operations of our National Pen business, which manufactures and markets custom writing instruments and promotional products, apparel, and gifts.
All Other Businesses - Includes a collection of businesses grouped together based on materiality. In addition to BuildASign, which is a larger and profitable business, the All Other Businesses reportable segment includes one smaller business that we continue to manage at a relatively modest operating loss and a recently acquired company that provides production expertise and sells into a growing product category.
BuildASign is an internet-based provider of canvas-print wall décor, business signage, and other large-format printed products, based in Austin, Texas.
Printi is an online printing leader in Brazil, which offers a superior customer experience with transparent and attractive pricing, reliable service and quality.
We exited our YSD business, which was included in this reportable segment, during fiscal year 2023.
Central and corporate costs consist primarily of the team of software engineers that is building our mass customization platform; shared service organizations such as global procurement; technology services such as hosting and security; administrative costs of our Cimpress India offices where numerous Cimpress businesses have dedicated business-specific team members; and corporate functions including our tax, treasury, internal audit, legal, sustainability, corporate communications, remote first enablement, consolidated reporting and compliance, investor relations, capital allocation, and the functions of our CEO and CFO. These costs also include certain unallocated share-based compensation costs.
The expense value of our PSU awards is based on a Monte Carlo fair value analysis and is required to be expensed on an accelerated basis. In order to ensure comparability in measuring our businesses' results, we allocate the straight-line portion of the fixed grant value to our businesses. Any expense in excess of the amount as a result of the fair value measurement of the PSUs and the accelerated expense profile of the awards is recognized within central and corporate costs.
Our definition of segment EBITDA is GAAP operating income excluding certain items, such as depreciation and amortization, expense recognized for contingent earn-out related charges including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges. We include insurance proceeds that are not recognized within operating income. We do not allocate non-operating income, including realized gains and losses on currency hedges, to our segment results.
Our balance sheet information is not presented to the CODM on an allocated basis, and therefore we do not present asset information by segment. We do present other segment information to the CODM, which includes purchases of property, plant and equipment and capitalization of software and website development costs, and therefore include that information in the tables below.
Revenue by segment is based on the business-specific websites or sales channel through which the customer’s order was transacted. The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.
 Year Ended June 30,
 202320222021
Revenue:
Vista$1,613,887 $1,514,909 $1,428,255 
PrintBrothers578,431 526,952 421,766 
The Print Group346,949 329,590 275,534 
National Pen366,294 341,832 313,528 
All Other Businesses213,455 205,862 192,038 
Total segment revenue3,119,016 2,919,145 2,631,121 
Inter-segment eliminations (1)(39,389)(31,590)(55,160)
Total consolidated revenue$3,079,627 $2,887,555 $2,575,961 
_____________________
(1) 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 fiscal year ended June 30, 2021 associated with the fulfillment of masks in response to the pandemic. Demand for this product was far lower in the years ended June 30, 2023 and 2022.

Year Ended June 30, 2023
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,155,000 $— $— $216,690 $181,145 $1,552,835 
Europe366,244 576,719 337,012 122,007 — 1,401,982 
Other91,066 — — 7,772 25,972 124,810 
Inter-segment1,577 1,712 9,937 19,825 6,338 39,389 
   Total segment revenue1,613,887 578,431 346,949 366,294 213,455 3,119,016 
Less: inter-segment elimination(1,577)(1,712)(9,937)(19,825)(6,338)(39,389)
Total external revenue$1,612,310 $576,719 $337,012 $346,469 $207,117 $3,079,627 
Year Ended June 30, 2022
Vista (1)PrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,063,390 $— $— $193,056 $177,868 $1,402,222 
Europe353,275 525,224 322,315 113,820 — 1,304,175 
Other94,874 — — 20,058 23,675 181,158 
Inter-segment3,370 1,728 7,275 14,898 4,319 31,590 
   Total segment revenue1,514,909 526,952 329,590 341,832 205,862 2,919,145 
Less: inter-segment elimination(3,370)(1,728)(7,275)(14,898)(4,319)(31,590)
Total external revenue$1,511,539 $525,224 $322,315 $326,934 $201,543 $2,887,555 
Year Ended June 30, 2021
Vista (1)PrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$984,910 $— $— $154,857 $171,398 $1,281,535 
Europe354,546 420,946 258,230 106,004 — 1,135,450 
Other86,461 — — 20,762 17,847 158,976 
Inter-segment2,338 820 17,304 31,905 2,793 55,160 
   Total segment revenue1,428,255 421,766 275,534 313,528 192,038 2,631,121 
Less: inter-segment elimination(2,338)(820)(17,304)(31,905)(2,793)(55,160)
Total external revenue$1,425,917 $420,946 $258,230 $281,623 $189,245 $2,575,961 
__________________
(1) During the fourth quarter of fiscal year 2023, we identified an immaterial error in our previously disclosed revenue by geographic area for our Vista reportable segment for the fiscal years ended June 30, 2022 and 2021, which understated revenue in North America and Europe, with an offsetting overstatement in the Other geographies. We have corrected the disclosed figures as included herein.
The following table includes segment EBITDA by reportable segment, total income from operations, and total (loss) income before income taxes:
 Year Ended June 30,
 202320222021
Segment EBITDA:
Vista$224,081 $195,321 $318,684 
PrintBrothers70,866 66,774 43,144 
The Print Group60,089 58,664 43,126 
National Pen23,714 26,845 11,644 
All Other Businesses25,215 23,227 31,707 
Total segment EBITDA403,965 370,831 448,305 
Central and corporate costs(133,539)(143,958)(129,367)
Depreciation and amortization(162,428)(175,681)(173,212)
Proceeds from insurance— — (122)
Certain impairments and other adjustments (6,932)9,709 (20,453)
Restructuring-related charges(43,757)(13,603)(1,641)
Total income from operations57,309 47,298 123,510 
Other income (expense), net18,498 61,463 (19,353)
Interest expense, net(112,793)(99,430)(119,368)
Gain (loss) on early extinguishment of debt6,764 — (48,343)
(Loss) income before income taxes$(30,222)$9,331 $(63,554)

 Year Ended June 30,
 202320222021
Depreciation and amortization:
Vista$58,464 $65,489 $58,513 
PrintBrothers18,135 20,790 22,089 
The Print Group22,810 25,657 27,066 
National Pen21,366 24,261 25,123 
All Other Businesses17,694 18,536 19,811 
Central and corporate costs23,959 20,948 20,610 
Total depreciation and amortization$162,428 $175,681 $173,212 
Year Ended June 30,
202320222021
Purchases of property, plant, and equipment:
Vista$17,604 $17,198 $12,332 
PrintBrothers4,422 3,788 3,609 
The Print Group19,683 19,877 11,847 
National Pen6,003 4,332 3,603 
All Other Businesses4,793 7,027 5,466 
Central and corporate costs1,267 1,818 1,667 
Total purchases of property, plant and equipment$53,772 $54,040 $38,524 
Year Ended June 30,
202320222021
Capitalization of software and website development costs:
Vista$22,559 $30,994 $28,297 
PrintBrothers2,010 1,139 1,465 
The Print Group2,997 2,419 1,603 
National Pen2,913 3,390 3,115 
All Other Businesses4,299 4,097 3,746 
Central and corporate costs23,009 23,258 22,711 
Total capitalization of software and website development costs$57,787 $65,297 $60,937 
Enterprise Wide Disclosures:
    The following table sets forth revenues by significant geographic area:
 Year Ended June 30,
 20232022 (1)2021 (1)
United States$1,407,691 $1,320,347 $1,226,606 
Germany460,516 420,041 353,253 
Other (2)1,211,420 1,147,167 996,102 
Total revenue$3,079,627 $2,887,555 $2,575,961 
__________________
(1) During the fourth quarter of fiscal year 2023, we identified an immaterial error in our previously disclosed revenue by geographic area for the fiscal year ended June 30, 2022 and 2021, which understated revenue in the United States and Germany, with an offsetting overstatement in the Other geographies. We have corrected the disclosed figures as included herein.
(2) Our other revenue includes Ireland, our country of domicile.
The following table sets forth revenues by groups of similar products and services:
Year Ended June 30,
202320222021
Physical printed products and other (1)$2,990,041 $2,789,600 $2,477,158 
Digital products and services89,586 97,955 98,803 
Total revenue$3,079,627 $2,887,555 $2,575,961 
__________________
(1) Other revenue includes miscellaneous items, which account for less than 1% of revenue.
The following table sets forth long-lived assets by geographic area:
 June 30, 2023June 30, 2022
Long-lived assets (1):  
United States (2)$83,956 $95,589 
Netherlands65,547 67,240 
Canada57,328 58,498 
Switzerland73,857 72,394 
Italy42,377 48,262 
France29,302 25,383 
Jamaica17,834 18,744 
Australia19,664 17,751 
Japan (3)— 11,392 
Other114,503 90,677 
Total$504,368 $505,930 
___________________
(1) Excludes goodwill of $781,541 and $766,600, intangible assets, net of $109,196 and $154,730, deferred tax assets of $12,740 and $113,088, and marketable securities, non-current of $4,497 and zero as of June 30, 2023 and June 30, 2022, respectively.
(2) The decrease of the United States long-lived assets is primarily driven by the termination of our Waltham, MA lease in August 2022 that resulted in a reduction to the operating lease asset and related leasehold improvements.
(3) The decrease in Japan's long-lived assets is due to the planned sale of the land and building, which resulted in the classification of the carrying value as prepaid expenses and other current assets because it meets held-for-sale criteria as of June 30, 2023. Refer to Note 18 for additional details.