Vistaprint 2012 Annual Report Download - page 18

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14
Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The descriptions
of our business, products, and markets in this business section apply to all of our operating segments.
Seasonality
Our second fiscal quarter, ending December 31, includes the majority of the holiday shopping season and
has become our strongest quarter for sales of our consumer-oriented products, such as holiday cards, calendars,
photo books, and personalized gifts. This second fiscal quarter seasonality has increased with the acquisition of
Albumprinter, which also has a highly seasonal business. Net income during the second fiscal quarter represented
72%, 41%, and 40% of annual net income in the years ended June 30, 2012, 2011, and 2010, respectively.
Government Regulation
We are not currently subject to direct national, federal, state, provincial or local regulation other than
regulations applicable to businesses generally or directly applicable to online commerce. The adoption or
modification of laws or regulations relating to the Internet, consumer protection, or other areas of our business could
limit or otherwise adversely affect the manner in which we currently conduct our business.
Employees
As of June 30, 2012, we had approximately 3,500 full-time and approximately 200 temporary employees
worldwide. Our largest facilities in terms of employee count were in the United States, Canada, Jamaica, and the
Netherlands, each of which employed between 400 to 850 people. None of our employees are represented by a
labor union. We are required to provide certain employees in the Netherlands with compensation and benefits
equal to or greater than those provided in a collective bargaining agreement covering employees in the Dutch
printing trade, and compensation and benefits for employees in our Barcelona office are equal to or greater than
those of the Catalonian collective bargaining agreement for office businesses. We have not experienced any work
stoppages and believe that relations with our employees are favorable.
Corporate Information
Vistaprint N.V. was incorporated under the laws of the Netherlands on June 5, 2009 and on August 30,
2009 became the publicly traded parent company of the Vistaprint group of entities. We maintain our registered
office at Hudsonweg 8, 5928 LW Venlo, the Netherlands. Our telephone number in the Netherlands is
+31-77-850-7700. As a result of our change of domicile from Bermuda to the Netherlands on August 30, 2009, the
common shareholders of Vistaprint Limited became ordinary shareholders of Vistaprint N.V. and Vistaprint N.V.
became the publicly traded parent company of the Vistaprint group of entities. Vistaprint Limited, the immediate
predecessor corporation to Vistaprint N.V., was incorporated under the laws of Bermuda in April 2002.
Available Information
We are registered as a reporting company under the U.S. Securities Exchange Act of 1934, as amended,
which we refer to as the Exchange Act. Accordingly, we file or furnish with the U.S. Securities and Exchange
Commission, or the SEC, annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-
K and proxy statements as required by the Exchange Act and the rules and regulations of the SEC. The public may
read and copy our reports, proxy statements and other materials we file with the SEC at the SEC’s Public
Reference Room at 100 F Street, NE, Washington, DC 20549. Information on the operation of the Public Reference
Room is available by calling 1-800-SEC-0330. In addition, the SEC maintains an Internet website that contains
reports, proxy and information statements and other information regarding issuers, such as Vistaprint N.V, that file
electronically with the SEC. The address of this website is www.sec.gov. We make available, free of charge through
our United States website, the reports, proxy statements, amendments and other materials we file with or furnish to
the SEC as soon as reasonably practicable after we electronically file or furnish such materials with or to the SEC.
The address of our United States website is www.vistaprint.com. We are not including the information contained on
our website, or information that can be accessed by links contained on our website, as a part of, or incorporating it
by reference into, this Annual Report on Form 10-K.