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31
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,
2013 (a)(b) 2012 (b) 2011 2010 2009
(In thousands, except share and per share data)
Consolidated Statements of Operations Data:
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,167,478 $1,020,269 $ 817,009 $ 670,035 $515,826
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,435 43,994 82,109 67,741 55,686
Net income per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.89 $1.16 $1.89 $1.56 $1.29
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.85 $1.13 $1.83 $1.49 $1.25
Shares used in computing net income per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,209,172 37,813,504 43,431,326 43,365,872 43,330,166
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,472,004 38,953,179 44,951,199 45,336,561 44,634,191
Year Ended June 30,
2013 (a)(b) 2012 (b) 2011 2010 2009
(In thousands)
Consolidated Statements of Cash Flows Data:
Cash flows provided by operating activities . . . . . . . . . . . . . . $ 140,012 $ 140,641 $ 162,633 $ 153,701 $120,051
Purchases of property, plant and equipment. . . . . . . . . . . . . . (78,999) (46,420) (37,405) (101,326) (76,286)
Purchase of ordinary shares . . . . . . . . . . . . . . . . . . . . . . . . . . (64,351)(309,701) (56,935) — (45,518)
Business acquisitions, net of cash acquired . . . . . . . . . . . . . . — (180,675) — (6,496) —
Net proceeds (payments) of long-term debt . . . . . . . . . . . . . . 8,051 227,181 (5,222) (13,848) (3,219)
As of June 30,
2013 (a)(b) 2012 (b) 2011 2010 2009
(In thousands)
Consolidated Balance Sheet Data:
Cash, cash equivalents and marketable securities (c) . . . . . . $ 50,065 $62,203 $ 237,081 $ 172,331 $133,988
Working capital (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (54,795) (26,381) 178,485 111,369 90,050
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 601,567 592,429 555,900 477,889 369,549
Total long-term debt, excluding current portion. . . . . . . . . . . . 230,000 229,000 — — 10,465
Total shareholders’ equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . 189,561 189,287 450,093 376,114 285,534
___________________
(a) Includes the impact of our July 10, 2012 equity investment in Namex. See Note 14 in our accompanying financial statements in this Annual
Report on Form 10-K for a discussion of this investment.
(b) Includes the impact of the acquisitions of Albumprinter Holding B.V. on October 31, 2011 and Webs, Inc. on December 28, 2011. See Note 7
in our accompanying financial statements in this Annual Report on Form 10-K for a discussion of these acquisitions.
(c) 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. During fiscal 2013, we continued our ordinary
share purchase program, expanded our geographic footprint through an equity method investment in China and modified our credit facility to
include short-term debt, all of which have contributed to the continued decline in our working capital as of June 30, 2013.
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 on Form 10-K. 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