Vistaprint 2008 Annual Report Download - page 88
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VISTAPRINT LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Years Ended June 30, 2008, 2007 and 2006
(in thousands, except share and per share data)
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,
2008 2007 2006
Revenues
United States.............................................. $249,017 $173,414 $108,524
Non-United States ......................................... 151,640 82,519 43,625
Total revenues ........................................ $400,657 $255,933 $152,149
June 30,
2008 2007
Long-lived assets:
Bermuda ............................................................ $ 14,681 $ 8,024
Netherlands.......................................................... 67,153 40,570
Switzerland .......................................................... 1,622 —
Canada.............................................................. 71,485 57,209
United States ........................................................ 13,747 7,727
Jamaica ............................................................. 1,150 1,167
Spain................................................................ 2,040 1,361
Total ............................................................ $171,878 $116,058
12. Commitments and Contingencies
Operating Lease Commitments
The Company rents office space under operating leases expiring on various dates through 2017.
Total rent expense for the years ended June 30, 2008, 2007 and 2006 were $5,347, $2,537, and
$1,324, respectively.
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