Vistaprint 2007 Annual Report Download - page 92

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VISTAPRINT LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Years Ended June 30, 2007, 2006 and 2005
(in thousands, except share and per share data)
The Company’s income tax liability balance includes tax contingencies that are recorded to
address potential exposures for tax positions we have taken that could be challenged by taxing
jurisdictions. Judgment is required in determining the Company’s worldwide income tax provision. In
the ordinary course of global business, there are many transactions and calculations where the
ultimate tax outcome is uncertain. Some of these uncertainties arise as a consequence of cost
reimbursement arrangements among related entities. Although the Company believes its estimates are
reasonable, no assurance can be given that the final tax outcome of these matters will not be different
from that which is reflected in the Company’s historical income tax provisions and accruals. Such
differences could have a material impact on the Company’s income tax provision and operating results
in the period in which such determination is made.
13. Segment Information
SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information,
establishes standards for reporting information regarding operating segments in annual financial
statements and requires selected information of those segments to be presented in interim financial
reports issued to shareholders. Operating segments are identified as components of an enterprise
about which separate discrete financial information is available for evaluation by the chief operating
decision-maker, or decision-making group, in making decisions on how to allocate resources and
assess performance. The Company’s chief operating decision maker is considered to be the team
comprised of the chief executive officer and the executive management team. The Company views its
operations and manages its business as one operating segment.
Geographic Data
Revenues by geography are based on the country-specific website through which the customer’s
order was transacted. The following table sets forth revenues and long-lived assets by geographic area
(in thousands):
Year Ended June 30,
2007 2006 2005
Revenues
United States ......................................................... $173,414 $108,524 $66,138
Non-United States .................................................... 82,519 43,625 24,747
Total revenues ................................................... $255,933 $152,149 $90,885
June 30,
2007 2006
Long-lived assets:
Bermuda ........................................................................ $ 8,024 $ 5,006
Netherlands ..................................................................... 40,570 18,086
Canada ......................................................................... 57,209 29,168
United States .................................................................... 7,727 2,652
Jamaica......................................................................... 1,167 1,482
Spain ........................................................................... 1,361 —
Total........................................................................ $116,058 $56,394
88