Operating Segments

3 Months Ended

Sep. 30, 2015

Operating Segments [Abstract]

Operating Segments

15. Operating segments

     The Company discloses segment information as reflected in the management information systems reports that its chief operating decision maker uses in making decisions and to report certain entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets or reports material revenues. A description of the Company's operating segments is contained in Note 23 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2015.

     The reconciliation of the reportable segments revenue to revenue from external customers for the three months ended September 30, 2015 and 2014, respectively, is as follows:

				Revenue
						From
		Reportable	Inter	-		external
		Segment		segment		customers
South African transaction processing	$	55,639	$	3,627	$	52,012
International transaction processing		41,229		-		41,229
Financial inclusion and applied technologies		67,360		6,128		61,232
Total for the three months ended September 30, 2015		164,228		9,755		154,473
South African transaction processing		60,252		5,121		55,131
International transaction processing		43,204		-		43,204
Financial inclusion and applied technologies		65,197		7,091		58,106
Total for the three months ended September 30, 2014	$	168,653	$	12,212	$	156,441

     The Company does not allocate interest income, interest expense or income tax expense to its reportable segments. The Company evaluates segment performance based on segment operating income before acquisition-related intangible asset amortization which represents operating income before acquisition-related intangible asset amortization and allocation of expenses allocated to Corporate/Eliminations, all under GAAP. The reconciliation of the reportable segments measure of profit or loss to income before income taxes for the three months ended September 30, 2015 and 2014, respectively, is as follows:

		Three months ended
		September 30,
		2015			2014
Reportable segments measure of profit or loss	$	36,608		$	38,595
Operating income: Corporate/Eliminations		(5,393	)		(5,470	)
Interest income		4,275			4,090
Interest expense		(974	)		(1,312	)
Income before income taxes	$	34,516		$	35,903

     The following tables summarize segment information which is prepared in accordance with GAAP for the three months ended September 30, 2015 and 2014:

		Three months ended
		September 30,
		2015			2014
Revenues
South African transaction processing	$	55,639		$	60,252
International transaction processing		41,229			43,204
Financial inclusion and applied technologies		67,360			65,197
Total		164,228			168,653
Operating income (loss)
South African transaction processing		13,511			13,639
International transaction processing		6,543			7,349
Financial inclusion and applied technologies		16,554			17,607
Subtotal: Operating segments		36,608			38,595
Corporate/Eliminations		(5,393	)		(5,470	)
Total		31,215			33,125
Depreciation and amortization
South African transaction processing		1,795			1,722
International transaction processing		4,696			4,372
Financial inclusion and applied technologies		240			179
Subtotal: Operating segments		6,731			6,273
Corporate/Eliminations		3,384			3,901
Total		10,115			10,174
Expenditures for long-lived assets
South African transaction processing		1,447			682
International transaction processing		8,038			8,327
Financial inclusion and applied technologies		1,213			369
Subtotal: Operating segments		10,698			9,378
Corporate/Eliminations		-			-
Total	$	10,698		$	9,378

     The segment information as reviewed by the chief operating decision maker does not include a measure of segment assets per segment as all of the significant assets are used in the operations of all, rather than any one, of the segments. The Company does not have dedicated assets assigned to a particular operating segment. Accordingly, it is not meaningful to attempt an arbitrary allocation and segment asset allocation is therefore not presented.

     It is impractical to disclose revenues from external customers for each product and service or each group of similar products and services.