Restructuring costs include one-time employee termination benefits, write-off of assets, costs to exit loss-making operations, acceleration of share-based compensation, and other related costs including third-party professional and outplacement services. All restructuring costs are excluded from segment and adjusted EBITDA. During the three months ended September 30, 2026 and 2025, we recognized restructuring charges of $3,994 and $298, respectively.

For the three months ended September 30, 2026, restructuring charges included cost reduction actions within our Central and corporate costs of $2,186, and within our VistaPrint and PrintBrothers reportable segments of $1,005 and $558, respectively. All other restructuring charges for each period presented were not material. We expect to recognize additional charges associated with these actions during the current fiscal year as we continue to execute against cost efficiency opportunities.

The following table summarizes the restructuring activity during the three months ended September 30, 2026.


	Severance and Related Benefits		Other Restructuring Costs		Accrued Restructuring Liability





Balance as of June 30, 2026	$	1,326	$	—	$	1,326
Restructuring charges	3,984		10		3,994
Cash payments	(1,853)		—		(1,853)
Non-cash charges	(156)		(10)		(166)
Foreign currency translation	(14)		—		(14)
Balance as of September 30, 2026	$	3,287	$	—	$	3,287