Other Balance Sheet Components

9 Months Ended

Mar. 31, 2021

Payables and Accruals [Abstract]

Other Balance Sheet Components

Other Balance Sheet Components

Accrued expenses included the following:

	March 31, 2021		June 30, 2020
Compensation costs	$	74,170	$	67,307
Income and indirect taxes	52,054		53,161
Advertising costs (1)	28,401		14,746
Interest payable (2)	26,700		8,359
Production costs	6,412		7,012
Sales returns	5,997		5,166
Shipping costs	7,541		5,080
Professional fees	3,286		3,452
Purchases of property, plant and equipment	1,292		1,685
Other	59,740		44,796
Total accrued expenses	$	265,593	$	210,764

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(1) The increase in advertising costs is primarily due to expanded return thresholds for performance advertising channels in our Vistaprint business as compared to the fourth quarter of fiscal 2020, in addition to investment in upper-funnel advertising.

(2) The increase in interest payable as of March 31, 2021, is due to the interest on our 2026 Notes being payable semi-annually on June 15 and December 15 of each year. Refer to Note 9 for further detail.

Other current liabilities included the following:

	March 31, 2021		June 30, 2020
Current portion of finance lease obligations	$	9,336	$	8,055
Short-term derivative liabilities	19,417		3,521
Other (1)	48,916		1,692
Total other current liabilities	$	77,669	$	13,268

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(1) The increase in other current liabilities is driven by the deferred payment related to the 99designs acquisition totaling $43,691, which was included in other long-term liabilities as of December 31, 2020. Refer to Note 7 for additional details.

Other liabilities included the following:

	March 31, 2021		June 30, 2020
Long-term finance lease obligations	$	17,695	$	18,617
Long-term derivative liabilities	42,162		51,800
Other	32,929		17,770
Total other liabilities	$	92,786	$	88,187