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v3.23.3

Segment Information (Tables) | 3 Months Ended
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Sep. 30, 2023
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 September 30, |  |
| 2023 |  | 2022 |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Vista | $ | 396,647 |  |  | $ | 369,369 |  |  |  |  |  |  |
PrintBrothers | 152,221 |  |  | 132,699 |  |  |  |  |  |  |
The Print Group | 80,539 |  |  | 76,823 |  |  |  |  |  |  |
National Pen | 87,255 |  |  | 81,666 |  |  |  |  |  |  |
All Other Businesses | 51,800 |  |  | 51,827 |  |  |  |  |  |  |
Total segment revenue | 768,462 |  |  | 712,384 |  |  |  |  |  |  |
Inter-segment eliminations (1) | (11,168) |  |  | (8,969) |  |  |  |  |  |  |
Total consolidated revenue | $ | 757,294 |  |  | $ | 703,415 |  |  |  |  |  |  |
_____________________ (1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.
Revenue from External Customers by Geographic Areas [Table Text Block] |
| Three Months Ended September 30, 2023
| Vista |  | PrintBrothers |  | The Print Group |  | National Pen |  | All Other |  | Total
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 289,055 |  |  | $ | — |  |  | $ | — |  |  | $ | 52,735 |  |  | $ | 42,214 |  |  | $ | 384,004 |
Europe | 85,407 |  |  | 151,542 |  |  | 77,802 |  |  | 27,737 |  |  | — |  |  | 342,488 |
Other | 21,890 |  |  | — |  |  | — |  |  | 1,377 |  |  | 7,535 |  |  | 30,802 |
Inter-segment | 295 |  |  | 679 |  |  | 2,737 |  |  | 5,406 |  |  | 2,051 |  |  | 11,168 |
Total segment revenue | 396,647 |  |  | 152,221 |  |  | 80,539 |  |  | 87,255 |  |  | 51,800 |  |  | 768,462 |
Less: inter-segment elimination | (295) |  |  | (679) |  |  | (2,737) |  |  | (5,406) |  |  | (2,051) |  |  | (11,168) |
Total external revenue | $ | 396,352 |  |  | $ | 151,542 |  |  | $ | 77,802 |  |  | $ | 81,849 |  |  | $ | 49,749 |  |  | $ | 757,294 |
| Three Months Ended September 30, 2022
| Vista (1) |  | PrintBrothers |  | The Print Group |  | National Pen |  | All Other |  | Total (1)
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |  |  |
North America | $ | 273,658 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,447 |  |  | $ | 43,292 |  |  | $ | 366,397 |
Europe | 72,795 |  |  | 132,382 |  |  | 74,991 |  |  | 24,945 |  |  | — |  |  | 305,113 |
Other | 22,406 |  |  | — |  |  | — |  |  | 2,552 |  |  | 6,947 |  |  | 31,905 |
Inter-segment | 510 |  |  | 317 |  |  | 1,832 |  |  | 4,722 |  |  | 1,588 |  |  | 8,969 |
Total segment revenue | 369,369 |  |  | 132,699 |  |  | 76,823 |  |  | 81,666 |  |  | 51,827 |  |  | 712,384 |
Less: inter-segment elimination | (510) |  |  | (317) |  |  | (1,832) |  |  | (4,722) |  |  | (1,588) |  |  | (8,969) |
Total external revenue | $ | 368,859 |  |  | $ | 132,382 |  |  | $ | 74,991 |  |  | $ | 76,944 |  |  | $ | 50,239 |  |  | $ | 703,415 |
___________________ (1) During fiscal year 2023, we identified an immaterial error in our previously disclosed revenue by geographic area for our Vista reportable segment for the quarter ended September 30, 2022, 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.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table includes segment EBITDA by reportable segment, total income (loss) from operations and total income (loss) before income taxes:
| Three Months Ended September 30, |  |
| 2023 |  | 2022 |  |  |  |  |  |
Segment EBITDA: |  |  |  |  |  |  |  |  |
Vista | $ | 74,424 |  |  | $ | 30,737 |  |  |  |  |  |  |
PrintBrothers | 19,826 |  |  | 14,991 |  |  |  |  |  |  |
The Print Group | 13,608 |  |  | 12,220 |  |  |  |  |  |  |
National Pen | (8,303) |  |  | (1,297) |  |  |  |  |  |  |
All Other Businesses | 6,458 |  |  | 6,178 |  |  |  |  |  |  |
Total segment EBITDA | 106,013 |  |  | 62,829 |  |  |  |  |  |  |
Central and corporate costs | (31,780) |  |  | (34,578) |  |  |  |  |  |  |
Depreciation and amortization | (39,942) |  |  | (40,942) |  |  |  |  |  |  |
Restructuring-related charges | 334 |  |  | (1,820) |  |  |  |  |  |  |
Certain impairments and other adjustments | (525) |  |  | (3,456) |  |  |  |  |  |  |
Total income (loss) from operations | 34,100 |  |  | (17,967) |  |  |  |  |  |  |
Other income, net | 6,419 |  |  | 27,397 |  |  |  |  |  |  |
Interest expense, net | (29,200) |  |  | (24,806) |  |  |  |  |  |  |
Gain on early extinguishment of debt | 1,372 |  |  | — |  |  |  |  |  |  |
Income (loss) before income taxes | $ | 12,691 |  |  | $ | (15,376) |  |  |  |  |  |  |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated |
| Three Months Ended September 30, |  |
| 2023 |  | 2022 |  |  |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Vista | $ | 14,875 |  |  | $ | 14,670 |  |  |  |  |  |  |
PrintBrothers | 3,889 |  |  | 4,773 |  |  |  |  |  |  |
The Print Group | 5,822 |  |  | 5,862 |  |  |  |  |  |  |
National Pen | 5,188 |  |  | 5,891 |  |  |  |  |  |  |
All Other Businesses | 4,547 |  |  | 4,516 |  |  |  |  |  |  |
Central and corporate costs | 5,621 |  |  | 5,230 |  |  |  |  |  |  |
Total depreciation and amortization | $ | 39,942 |  |  | $ | 40,942 |  |  |  |  |  |  |
| Three Months Ended September 30, |  |
| 2023 |  | 2022 |  |  |  |  |  |
Purchases of property, plant and equipment: |  |  |  |  |  |  |  |  |
Vista | $ | 3,611 |  |  | $ | 3,124 |  |  |  |  |  |  |
PrintBrothers | 5,152 |  |  | 708 |  |  |  |  |  |  |
The Print Group | 8,496 |  |  | 4,819 |  |  |  |  |  |  |
National Pen | 2,669 |  |  | 1,601 |  |  |  |  |  |  |
All Other Businesses | 2,235 |  |  | 1,068 |  |  |  |  |  |  |
Central and corporate costs | 402 |  |  | 438 |  |  |  |  |  |  |
Total purchases of property, plant and equipment | $ | 22,565 |  |  | $ | 11,758 |  |  |  |  |  |  |
| Three Months Ended September 30, |  |
| 2023 |  | 2022 |  |  |  |  |  |
Capitalization of software and website development costs: |  |  |  |  |  |  |  |  |
Vista | $ | 6,640 |  |  | $ | 6,635 |  |  |  |  |  |  |
PrintBrothers | 457 |  |  | 389 |  |  |  |  |  |  |
The Print Group | 694 |  |  | 490 |  |  |  |  |  |  |
National Pen | 805 |  |  | 588 |  |  |  |  |  |  |
All Other Businesses | 1,187 |  |  | 924 |  |  |  |  |  |  |
Central and corporate costs | 4,614 |  |  | 6,304 |  |  |  |  |  |  |
Total capitalization of software and website development costs | $ | 14,397 |  |  | $ | 15,330 |  |  |  |  |  |  |
Long-lived assets by geographic area | The following table sets forth long-lived assets by geographic area:
| September 30, 2023 |  | June 30, 2023
Long-lived assets (1): |  |  |
United States | $ | 79,768 |  |  | $ | 83,956 |
Switzerland | 71,417 |  |  | 73,857 |
Netherlands | 62,013 |  |  | 65,547 |
Canada | 55,732 |  |  | 57,328 |
Italy | 39,848 |  |  | 42,377 |
France | 30,361 |  |  | 29,302 |
Germany | 29,553 |  |  | 27,813 |
Australia | 18,642 |  |  | 19,664 |
Jamaica (2) | 1,186 |  |  | 17,834 |
Other | 92,232 |  |  | 86,690 |
Total | $ | 480,752 |  |  | $ | 504,368 |
___________________ (1) Excludes goodwill of $772,165 and $781,541, intangible assets, net of $98,836 and $109,196, deferred tax assets of $12,060 and $12,740 as of September 30, 2023 and June 30, 2023, respectively, as well as marketable securities, non-current of $4,497 as of June 30, 2023. (2) The decrease in Jamaica's long-lived assets is due to the planned sale of an owned customer service facility as we continue to optimize our real estate footprint with many of these team members operating under a remote-first model, which resulted in the classification of the related assets as held-for-sale as of September 30, 2023, which is presented as part of prepaid expenses and other current assets in the consolidated balance sheets.

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