Vistaprint 2010 Annual Report Download - page 89
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Form 10-K
lapse of applicable statutes of limitations. However, an estimated range of the impact on the
unrecognized tax benefits cannot be quantified at this time.
The Company is required to file income tax returns in the U.S. federal jurisdiction, the state of
Massachusetts and multiple jurisdictions outside of the U.S. The Company’s U.S. federal tax returns
for 2007 and subsequent years and the state tax returns for 2005 and subsequent years remain open
to examination by the tax authorities. Generally, the years 2004 through 2009 remain open for
examination by the tax authorities in the non-U.S. tax jurisdictions in which the Company operates.
11. Segment Information
Operating segments are identified as components of an enterprise for 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 chief executive officer. The
Company currently views its operations and manages its business as one operating segment.
The Company is in the process of reorganizing the business into operating segments on a
geographical basis; however, separate discrete financial information is not yet available to be used by
the chief operating decision maker to make decisions on how to allocate resources and assess
performance at such a level. As a result, there has been no change in the Company’s identification of
operating segments as of June 30, 2010 and through the date the financial statements were issued.
The Company expects that this change will take place during the current calendar year.
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:
2010 2009 2008
Year Ended June 30,
Revenue:
United States . . . . . . . . . . . . . . . . . . . . . . . $ 370,137 $ 313,621 $ 249,017
Non-United States . . . . . . . . . . . . . . . . . . . . 299,898 202,205 151,640
Total revenue . . . . . . . . . . . . . . . . . . . . $ 670,035 $ 515,826 $ 400,657
2010 2009
June 30,
Long-lived assets (1):
Canada . . . . . . . . . . . . . . . . . . . . . . . $ 110,780 $ 86,541
Netherlands . . . . . . . . . . . . . . . . . . . . 73,992 85,230
Australia (2) . . . . . . . . . . . . . . . . . . . . 36,485 —
Bermuda . . . . . . . . . . . . . . . . . . . . . . 17,152 17,880
United States . . . . . . . . . . . . . . . . . . . 12,879 9,489
Jamaica . . . . . . . . . . . . . . . . . . . . . . . 6,191 3,108
Spain . . . . . . . . . . . . . . . . . . . . . . . . . 2,180 1,541
Switzerland . . . . . . . . . . . . . . . . . . . . 1,771 1,733
Other . . . . . . . . . . . . . . . . . . . . . . . . . 2,011 129
Total long-lived assets . . . . . . . . $ 263,441 $ 205,651
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