Other Balance Sheet Components (Tables)

12 Months Ended

Jun. 30, 2023

Accrued expenses included the following:


	June 30, 2023		June 30, 2022
Compensation costs	$	74,879	$	78,521
Income and indirect taxes	53,266		41,886
Advertising costs	16,548		25,925
Third party manufacturing and digital content costs	17,380		15,790
Shipping costs	11,146		10,228
Variable compensation incentives (1)	9,413		—
Restructuring costs	7,567		13,449
Sales returns	6,441		6,286
Interest payable	2,847		2,477
Professional fees	2,743		2,394
Other	54,879		56,885
Total accrued expenses	$	257,109	$	253,841

______________________

(1) Includes cash-based employee long-term incentives, which are variable based on the performance of individual businesses and vest over four years. As the first payout will occur during the first half of fiscal year 2024, a portion of the balance is now classified as a current liability within accrued expenses.

Other Current Liabilities

Other current liabilities included the following:


	June 30, 2023		June 30, 2022
Current portion of finance lease obligations	$	9,938	$	6,684
Short-term derivative liabilities	9,865		4,299


Other (1)	4,666		17,052
Total other current liabilities	$	24,469	$	28,035

______________________

(1) The decrease is due in part to the payment of an acquisition-related liability associated with our Depositphotos acquisition of $6,875 that occurred during the third quarter of fiscal year 2023.

Other Liabilities

Other liabilities included the following:


	June 30, 2023		June 30, 2022
Long-term finance lease obligations (1)	$	29,822	$	14,699
Long-term compensation incentives	22,286		19,934

Mandatorily redeemable noncontrolling interest (2)	12,018		—
Long-term derivative liabilities	1,737		463
Other	24,195		29,298
Total other liabilities	$	90,058	$	64,394

______________________

(1) The increase in long-term finance lease obligations compared to the prior year was largely due to the extension of various lease contracts across our reportable segments as well as the inclusion of finance lease obligations from the acquisition of a small business within our PrintBrothers reportable segment during fiscal year 2023.

(2) During the second quarter of fiscal year 2023, we reclassified the noncontrolling interest for three businesses in the PrintBrothers reportable segment to other liabilities, due to the exercise of a put option for a portion of the minority equity interests, which triggered a mandatory redemption feature for the remaining minority equity interest. Refer to Note 14 for additional details.