Vistaprint 2006 Annual Report Download - page 76

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Table of Contents VISTAPRINT LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Years Ended June 30, 2006, 2005 and 2004
(in thousands, except share and per share data)
Payments due on long−term debt during each of the five fiscal years subsequent to June 30, 2006, are as follows:
2007 2,482
2008 2,947
2009 2,947
2010 8,067
2011 4,879
Thereafter 4,206
$25,528
6. Accrued Liabilities
Accrued liabilities included the following:
Year Ended June 30,
2006 2005
Accrued advertising costs $ 3,148 $ 2,460
Accrued compensation costs 3,918 2,186
Accrued income taxes 1,013 1,078
Accrued Mod−Pac printing costs (note 3) — 667
Accrued shipping costs 542 735
VAT payable 1,373 1,246
Other 3,722 2,213
Total accrued liabilities $ 13,716 $ 10,585
7. Series A Redeemable Convertible Preferred Shares
On April 26, 2001, the Company issued 8,409,630 shares of Series A Redeemable Convertible Preferred Shares (the “Series A Shares”)
for $1.30 each, for a total consideration of $10,933.
On June 12, 2001, the Company issued a further 769,230 shares of Series A Shares for $1.30 each, for a total consideration of $1,000.
On July 25, 2001, the Company issued a further 38,000 shares of Series A Shares for $1.30 each, for a total consideration of $49.
On January 4, 2002 the Company issued 1,597,777 shares of Series A Shares for $1.30 each, for a total consideration of $2,077.
In connection with the Company’s initial public offering (“IPO”) described in Note 9, all outstanding Series A Shares were converted into
9,845,849 common shares.
The principal rights of the Series A Shares were as follows:
Dividend Rights
The Series A Shares were not entitled to dividends. However, prior to the conversion of the Series A shares into common shares,
the Company could not declare or pay any dividends or
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