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35
Item 6. Selected Financial Data
The following financial data should be read in conjunction with our consolidated financial statements, the
related notes and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”
included elsewhere in this Annual Report on Form 10-K. The historical results are not necessarily indicative of the
results to be expected for any future period.
Year Ended June 30,
2012 (a) 2011 2010 2009 2008
(In thousands, except share and per share data)
Consolidated Statements of Operations Data:
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,020,269 $ 817,009 $ 670,035 $ 515,826 $400,657
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 43,994 $82,109 $67,741 $55,686 $39,831
Net income per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.16 $1.89 $1.56 $1.29 $0.91
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.13 $1.83 $1.49 $1.25 $0.87
Shares used in computing net income per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,813,504 43,431,326 43,365,872 43,330,166 43,913,119
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38,953,179 44,951,199 45,336,561 44,634,191 46,016,364
Year Ended June 30,
2012 (a) 2011 2010 2009 2008
(In thousands)
Consolidated Statements of Cash Flows Data:
Cash flows provided by operating activities . . . . . . . . . . . . . $140,641 $ 162,633 $ 153,701 $ 120,051 $87,731
Purchases of property, plant and equipment . . . . . . . . . . . . (46,420) (37,405) (101,326) (76,286) (62,740)
Purchase of ordinary shares . . . . . . . . . . . . . . . . . . . . . . . . (309,701) (56,935) — (45,518) —
Business acquisitions, net of cash acquired . . . . . . . . . . . . (180,675) — (6,496) — —
Net proceeds (payments) of long term debt. . . . . . . . . . . . . 229,000 (5,222) (13,848) (3,219)(3,251)
As of June 30,
2012 (a) 2011 2010 2009 2008
(In thousands)
Consolidated Balance Sheet Data:
Cash, cash equivalents and marketable securities . . . . . . . $ 62,203 $ 237,081 $ 172,331 $ 133,988 $129,743
Working capital (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26,381) 178,485 111,369 90,050 94,736
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 592,429 555,900 477,889 369,549 315,952
Total long-term debt, net of current portion . . . . . . . . . . . . . 229,000 ——
10,465 19,507
Total shareholders’ equity. . . . . . . . . . . . . . . . . . . . . . . . . . . 189,287 450,093 376,114 285,534 242,505
___________________
(a) Includes the impact of the acquisitions of Albumprinter Holding B.V. on October 31, 2011 and Webs, Inc. on December 28, 2011. See Note 5
in our accompanying financial statements in this Annual Report on Form 10-K for a discussion of these acquisitions.
(b) We define working capital as current assets less current liabilities. The significant decrease in working capital from June 30, 2011 to June 30,
2012 includes the impact of cash used for our acquisitions and ordinary share purchases.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis of the financial condition and results of our operations should be read
in conjunction with the consolidated financial statements and the notes to those statements included elsewhere in
this Annual Report. This discussion contains forward-looking statements that involve risks and uncertainties. Our
actual results could differ materially from those discussed below. Factors that could cause or contribute to such
differences include, but are not limited to and those discussed in the section titled “Risk Factors” included elsewhere
in this Annual Report.
Form 10-K