XML 91 R62.htm IDEA: XBRL DOCUMENT v3.23.2
Noncontrolling interests (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Noncontrolling Interest [Line Items]      
Noncontrolling interests (Note 14) $ 459    
Net Income (Loss) Attributable to Noncontrolling Interest 263 $ 3,761 $ 2,772
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests   (272)  
Redeemable noncontrolling interest [Member]      
Noncontrolling Interest [Line Items]      
Noncontrolling interests (Note 14) 10,893 131,483 71,120
Net Income (Loss) Attributable to Noncontrolling Interest 180 3,761  
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders [1] 3,652 (3,963)  
Temporary Equity, Accretion to Redemption Value, Adjustment [2] (7,236) 61,962  
Decrease to Temporary Equity for Noncontrolling Interest Redemption Feature Change [3] (9,582)    
Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest (4,733) (3,685)  
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value [4]   4,453  
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests [5] (95,567) (2,165)  
Noncontrolling Interest      
Noncontrolling Interest [Line Items]      
Noncontrolling interests (Note 14) 459 $ 0 $ 0
Net Income (Loss) Attributable to Noncontrolling Interest 83    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders 0    
Temporary Equity, Accretion to Redemption Value, Adjustment 0    
Decrease to Temporary Equity for Noncontrolling Interest Redemption Feature Change 0    
Other Comprehensive (Income) Loss, Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest 11    
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value [4] 365    
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests 0    
PrintBrothers [Member]      
Noncontrolling Interest [Line Items]      
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests $ 90,841    
Minimum [Member]      
Noncontrolling Interest [Line Items]      
Noncontrolling Interest, Decrease in Ownership Percentage 10.00%    
Maximum [Member]      
Noncontrolling Interest [Line Items]      
Noncontrolling Interest, Decrease in Ownership Percentage 11.00%    
[1] Distributions to noncontrolling interests include contractually required profit sharing payments made annually to the minority interest holders in one of the PrintBrothers businesses.
[2] Accretion of redeemable noncontrolling interests to redemption value recognized in retained earnings is the result of changes in the estimated redemption amount to the extent increases do not exceed the estimated fair value.
[3] During the second quarter of fiscal year 2023, the minority equity interest holders of three PrintBrothers businesses exercised a put option that triggered a mandatory redemption feature for the remaining minority equity interests. The remaining minority equity interests were reclassified to mandatorily redeemable noncontrolling interests, as part of other liabilities within the consolidated balance sheets. Refer above for additional information regarding the transaction and Note 9 for additional details about the reclassified liability balance.
[4] During fiscal years 2023 and 2022, we acquired the majority equity interests in two separate immaterial businesses within our PrintBrothers reportable segment.
[5] As discussed above, we purchased an additional 10% to 11% of the equity interests in three PrintBrothers businesses during the second quarter of fiscal year 2023, as well as the 1% minority interest in our BuildASign business. In fiscal year 2022, we paid the final redemption amount to one minority equity interest holder in our PrintBrothers businesses, which we agreed to purchase in fiscal year 2021.