Vistaprint 2011 Annual Report Download - page 18

Form 10-K
Business Segment and Geographic Information
We manage our business primarily on a geographic basis. Effective at the beginning of fiscal
2011, our reportable operating segments consist of North America, Europe and Asia Pacific. For more
segment and geographic information about our revenues, operating income and long-lived assets, see
Item 8 of Part II, “Financial Statements and Supplementary Data — Note 11 — Segment Reporting”
and Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations.” The descriptions of our business, products, and markets in this business section apply to
all of our operating segments.
Seasonality
Our second fiscal quarter, ending December 31, includes the majority of the holiday shopping
season and has become our strongest quarter for sales of our consumer-oriented products, such as
holiday cards, calendars and personalized gifts. Net income during the second fiscal quarter
represented 41%, 40%, and 33% of annual net income in the years ended June 30, 2011, 2010, and
2009, respectively.
Government Regulation
We are not currently subject to direct national, federal, state, provincial or local regulation other
than regulations applicable to businesses generally or directly applicable to online commerce. The
adoption or modification of laws or regulations relating to the Internet or other areas of our business
could limit or otherwise adversely affect the manner in which we currently conduct our business. In
addition, the growth and development of the market for online commerce may lead to more stringent
consumer protection laws, which may impose additional burdens on us. If we are required to comply
with new regulations or legislation or new interpretations of existing regulations or legislation, this
compliance could cause us to incur additional expenses or alter our business model. We do not
currently provide individual personal information regarding our users to third parties without the user’s
permission. You can find more information about the risks relating to government regulation in Item 1A
of Part I, “Risk Factors” in this Annual Report.
Employees
As of June 30, 2011, we had approximately 2,600 full-time and approximately 200 temporary
employees worldwide. As of June 30, 2011, our largest facilities in terms of employee count were in
the United States, Canada, Jamaica, and the Netherlands, each of which employed approximately
400 to 700 people. None of our employees are represented by a labor union. We are required to
provide certain employees in our Venlo facility with compensation and benefits equal to or greater
than those provided in a collective bargaining agreement covering employees in the Dutch printing
trade, and compensation and benefits for employees in our Barcelona office are equal to or greater
than those of the Catalonian collective bargaining agreement for office businesses. We have not
experienced any work stoppages and believe that relations with our employees are good.
Corporate Information
Vistaprint N.V. was incorporated under the laws of the Netherlands on June 5, 2009 and on
August 30, 2009 became the publicly traded parent company of the Vistaprint group of entities. We
maintain our registered office in the Netherlands at Hudsonweg 8, 5928 LW Venlo, the Netherlands.
Our telephone number in the Netherlands is [phone]. As a result of our change of domicile
from Bermuda to the Netherlands on August 30, 2009, the common shareholders of Vistaprint Limited
became ordinary shareholders of Vistaprint N.V. and Vistaprint N.V. became the publicly traded parent
company of the Vistaprint group of entities. Vistaprint Limited, the immediate predecessor corporation
to Vistaprint N.V., was incorporated under the laws of Bermuda in April 2002.
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