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Noncontrolling interests (Tables)
 12 Months Ended
Jun. 30, 2024
Noncontrolling Interest [Line Items]  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]
The following table presents the reconciliation of changes in our noncontrolling interests:
Redeemable Noncontrolling InterestNoncontrolling Interest
Balance as of June 30, 2022$131,483 $— 
Acquisition of noncontrolling interest— 365 
Accretion to redemption value (1)(7,236)— 
Net income attributable to noncontrolling interests180 83 
Distribution to noncontrolling interests (2)(3,652)— 
Purchase of noncontrolling interest (3)(95,567)— 
Reclassification to mandatorily redeemable noncontrolling interest (3)(9,582)— 
Foreign currency translation(4,733)11 
Balance as of June 30, 202310,893 459 
Accretion to redemption value recognized in retained earnings (1)1,124 — 
Accretion to redemption value recognized in net income attributable to noncontrolling interests (1)2,907 — 
Net income attributable to noncontrolling interests1,035 184 
Distribution to noncontrolling interests (2)(200)— 
Purchase of noncontrolling interest(65)— 
Other adjustments (4)7,319 — 
Foreign currency translation(15)(9)
Balance as of June 30, 2024
$22,998 $634 
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(1) 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. Any change in the estimated redemption amount which exceeds the estimated fair value is recognized within net income attributable to noncontrolling interests.
(2) Distributions to noncontrolling interests include contractually required profit sharing payments made annually to the minority interest holders in one of the PrintBrothers businesses. The distributions were lower in fiscal year 2024, as compared to fiscal year 2023, due to the lower outstanding minority equity interest in our Printbrothers business.
(3) We purchased 10% to 11% of the equity interests in three PrintBrothers businesses during fiscal year 2023, as well as the 1% minority interest in our BuildASign business. Additionally, 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.
(4) During fiscal year 2024, we identified an immaterial error in the initial purchase accounting related to the noncontrolling interest of a previously acquired business. This was corrected in the current period resulting in an increase to redeemable noncontrolling interests of $7,319. This adjustment was immaterial to the prior and current period financial statements.