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Segment Information
 9 Months Ended
Mar. 31, 2024
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 March 31, 2024, 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, 99designs by Vista, Vista Corporate Solutions, and Depositphotos, which together represent a full-service design, digital, and print solution.
•PrintBrothers - Includes the results of druck.at, Printdeal, and WIRmachenDRUCK, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in Austria, Belgium, Germany, the Netherlands, and Switzerland.
•The Print Group - Includes the results of Easyflyer, Exaprint, Packstyle, Pixartprinting, and Tradeprint, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily 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 two businesses grouped together based on materiality.
◦BuildASign is a provider of canvas-print wall décor, business signage and other large-format printed products.
◦Printi, a smaller business that we continue to manage at a relatively modest operating loss, is an online printing leader in Brazil.
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 Board of Directors, CEO, and the team members necessary for managing corporate activities, such as treasury, tax, capital allocation, financial consolidation, internal audit and legal. These costs also include certain unallocated share-based compensation costs.
The expense value of our PSU awards is based on fair value 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 this 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.
 Three Months Ended March 31, Nine Months Ended March 31,
 2024202320242023
Revenue:
Vista$417,896 $396,642 $1,299,694 $1,203,747 
PrintBrothers150,304 139,569 467,673 420,866 
The Print Group88,049 85,504 261,856 251,663 
National Pen89,181 81,113 307,008 283,400 
All Other Businesses49,103 49,037 161,186 160,862 
Total segment revenue794,533 751,865 2,497,417 2,320,538 
Inter-segment eliminations (1)(13,945)(9,701)(38,172)(29,757)
Total consolidated revenue$780,588 $742,164 $2,459,245 $2,290,781 
_____________________
(1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.
Three Months Ended March 31, 2024
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$296,717 $— $— $51,932 $39,743 $388,392 
Europe99,381 149,552 85,532 28,928 — 363,393 
Other21,533 — — 1,183 6,087 28,803 
Inter-segment265 752 2,517 7,138 3,273 13,945 
   Total segment revenue417,896 150,304 88,049 89,181 49,103 794,533 
Less: inter-segment elimination(265)(752)(2,517)(7,138)(3,273)(13,945)
Total external revenue$417,631 $149,552 $85,532 $82,043 $45,830 $780,588 
Nine Months Ended March 31, 2024
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$911,465 $— $— $163,896 $132,527 $1,207,888 
Europe315,926 465,472 253,360 120,147 — 1,154,905 
Other71,303 — — 4,591 20,558 96,452 
Inter-segment1,000 2,201 8,496 18,374 8,101 38,172 
   Total segment revenue1,299,694 467,673 261,856 307,008 161,186 2,497,417 
Less: inter-segment elimination(1,000)(2,201)(8,496)(18,374)(8,101)(38,172)
Total external revenue$1,298,694 $465,472 $253,360 $288,634 $153,085 $2,459,245 

Three Months Ended March 31, 2023
Vista (1)PrintBrothersThe Print GroupNational PenAll Other
Total (1)
Revenue by Geographic Region:
North America$284,457 $— $— $50,938 $41,524 $376,919 
Europe90,332 139,187 83,096 23,811 — 336,426 
Other21,583 — — 1,180 6,056 28,819 
Inter-segment270 382 2,408 5,184 1,457 9,701 
   Total segment revenue396,642 139,569 85,504 81,113 49,037 751,865 
Less: inter-segment elimination(270)(382)(2,408)(5,184)(1,457)(9,701)
Total external revenue$396,372 $139,187 $83,096 $75,929 $47,580 $742,164 

Nine Months Ended March 31, 2023
Vista (1)PrintBrothersThe Print GroupNational PenAll Other
Total (1)
Revenue by Geographic Region:
North America$856,812 $— $— $162,593 $137,016 $1,156,421 
Europe275,826 419,658 244,378 99,555 — 1,039,417 
Other69,827 — — 5,862 19,254 94,943 
Inter-segment1,282 1,208 7,285 15,390 4,592 29,757 
   Total segment revenue1,203,747 420,866 251,663 283,400 160,862 2,320,538 
Less: inter-segment elimination(1,282)(1,208)(7,285)(15,390)(4,592)(29,757)
Total external revenue$1,202,465 $419,658 $244,378 $268,010 $156,270 $2,290,781 
___________________
(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 three and nine months ended March 31, 2023, 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 (loss) from operations and total income (loss) before income taxes:
 Three Months Ended March 31, Nine Months Ended March 31,
 2024202320242023
Segment EBITDA:
Vista$71,802 $60,392 $249,402 $146,286 
PrintBrothers16,809 15,886 64,976 50,386 
The Print Group18,190 13,589 50,240 39,490 
National Pen4,815 (3,336)22,377 20,150 
All Other Businesses3,966 5,036 18,407 16,620 
Total segment EBITDA115,582 91,567 405,402 272,932 
Central and corporate costs(39,472)(34,447)(107,219)(102,827)
Depreciation and amortization(37,072)(39,751)(116,103)(121,567)
Restructuring-related charges(128)(30,115)(277)(43,142)
Certain impairments and other adjustments 328 549 (786)(1,982)
Total income (loss) from operations
39,238 (12,197)181,017 3,414 
Other (expense) income, net(3,651)1,377 2,377 11,382 
Interest expense, net(30,158)(30,515)(89,946)(83,918)
Gain on early extinguishment of debt— — 1,721 — 
Income (loss) before income taxes
$5,429 $(41,335)$95,169 $(69,122)

 Three Months Ended March 31, Nine Months Ended March 31,
 2024202320242023
Depreciation and amortization:
Vista$13,040 $14,480 $41,091 $43,343 
PrintBrothers3,789 4,175 11,702 14,097 
The Print Group6,184 5,269 18,006 16,930 
National Pen3,228 4,820 13,408 16,506 
All Other Businesses4,604 4,375 13,660 13,217 
Central and corporate costs6,227 6,632 18,236 17,474 
Total depreciation and amortization$37,072 $39,751 $116,103 $121,567 

Three Months Ended March 31, Nine Months Ended March 31,
2024202320242023
Purchases of property, plant and equipment:
Vista$6,488 $3,006 $15,958 $12,575 
PrintBrothers(132)2,010 5,110 3,771 
The Print Group1,933 3,995 12,976 14,084 
National Pen313 889 4,468 3,336 
All Other Businesses1,455 815 4,871 2,650 
Central and corporate costs413 281 1,042 1,070 
Total purchases of property, plant and equipment$10,470 $10,996 $44,425 $37,486 
Three Months Ended March 31, Nine Months Ended March 31,
2024202320242023
Capitalization of software and website development costs:
Vista$6,231 $5,894 $18,921 $17,668 
PrintBrothers521 104 1,434 1,562 
The Print Group891 866 2,641 2,127 
National Pen1,111 778 3,087 1,878 
All Other Businesses1,582 1,008 3,879 2,831 
Central and corporate costs4,699 6,285 13,417 18,115 
Total capitalization of software and website development costs$15,035 $14,935 $43,379 $44,181 
The following table sets forth long-lived assets by geographic area:
 March 31, 2024June 30, 2023
Long-lived assets (1):  
United States (2)
$72,754 $83,956 
Switzerland67,939 73,857 
Netherlands60,787 65,547 
Canada56,533 57,328 
Italy38,557 42,377 
Germany32,443 27,813 
France29,476 29,302 
Australia21,070 19,664 
Jamaica (3)
1,021 17,834 
Other87,778 86,690 
Total$468,358 $504,368 
___________________
(1) Excludes goodwill of $779,263 and $781,541, intangible assets, net of $83,235 and $109,196, deferred tax assets of $9,435 and $12,740 as of March 31, 2024 and June 30, 2023, respectively, as well as marketable securities, non-current of $4,497 as of June 30, 2023.
(2) The decrease in the United States long-lived assets is due to the reclassification of a tax receivable from non-current to current during the current fiscal year.
(3) 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 March 31, 2024. The assets are now presented as part of prepaid expenses and other current assets in the consolidated balance sheet. Refer to Note 2 for additional details.