Vistaprint 2009 Annual Report Download - page 95

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VISTAPRINT LIMITED
(predecessor to Vistaprint N.V.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Years Ended June 30, 2009, 2008 and 2007
(in thousands, except share and per share data)
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:
Year Ended June 30,
2009 2008 2007
Revenues:
United States.............................................. $313,621 $249,017 $173,414
Non-United States ......................................... 202,205 151,640 82,519
Total revenues ........................................ $515,826 $400,657 $255,933
June 30,
2009 2008
Long-lived assets (1):
Canada.............................................................. $ 86,541 $ 71,486
Netherlands.......................................................... 85,230 67,153
Bermuda ............................................................ 17,880 14,681
United States ........................................................ 9,489 10,790
Jamaica ............................................................. 3,108 1,150
Switzerland .......................................................... 1,733 1,622
Spain................................................................ 1,541 2,040
Other................................................................ 129 —
Total ............................................................ $205,651 $168,922
(1) Excludes deferred tax assets of $7,035 and $2,956, respectively.
11. Commitments and Contingencies
Operating Lease Commitments
The Company is committed under operating leases for facilities expiring on various dates through
2017. Total lease expense for the years ended June 30, 2009, 2008 and 2007 were $6,331, $5,347
and $2,537, respectively.
Future minimum rental payments required under operating leases for the next five fiscal years
and thereafter are as follows at June 30, 2009:
2010................................................................ $ 5,989
2011................................................................ 6,168
2012................................................................ 6,281
2013................................................................ 6,198
2014................................................................ 6,183
Thereafter........................................................... 18,670
Total................................................................ $49,489
89
Form 10-K