Restructuring costs include one-time employee termination benefits, acceleration of share-based compensation, write-off of assets, costs to exit loss-making operations, and other related costs including third-party professional and outplacement services. All restructuring costs are excluded from segment and adjusted EBITDA. During the years ended June 30, 2026, 2025, and 2024, we recognized restructuring charges of $6,261, $5,528, and $423, respectively.

For the year ended June 30, 2026, restructuring charges included actions within our VistaPrint and National Pen reportable segments of $4,053 and $1,953, respectively, and for the year ended June 30, 2025, restructuring charges included $5,103 within our VistaPrint reportable segment. All other restructuring charges for each period presented were not material. We expect to recognize additional charges associated with these actions during the next fiscal year as we continue to pursue cost efficiency opportunities.

The following table summarizes the restructuring activity during the years ended June 30, 2026 and 2025.


	Severance and Related Benefits		Other Restructuring Costs		Accrued Restructuring Liability
Balance as of June 30, 2024	$	370	$	—	$	370
Restructuring charges	5,490		38		5,528
Cash payments	(2,820)		—		(2,820)
Non-cash charges	—		(38)		(38)
Foreign currency translation	50		—		50
Balance as of June 30, 2025	$	3,090	$	—	$	3,090
Restructuring charges	6,248		13		6,261
Cash payments	(7,998)		—		(7,998)
Non-cash charges	—		(13)		(13)
Foreign currency translation	(14)		—		(14)
Balance as of June 30, 2026	$	1,326	$	—	$	1,326