Operating Segments

3 Months Ended

Sep. 30, 2016

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, 2016.

     The reconciliation of the reportable segments revenue to revenue from external customers for the three months ended September 30, 2016 and 2015, respectively, is as follows:

	Revenue
					From
	Reportable		Inter-		external
	Segment		segment		customers
South African transaction processing	$	57,568	$	5,401	$	52,167
International transaction processing		46,190		-		46,190
Financial inclusion and applied technologies		63,542		6,266		57,276
Total for the three months ended September 30, 2016	$	167,300	$	11,667	$	155,633
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

     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, 2016 and 2015, respectively, is as follows:

		Three months ended
		September 30,
		2016			2015
Reportable segments measure of profit or loss	$	34,548		$	36,608
Operating income: Corporate/Eliminations		(2,367	)		(5,393	)
Interest income		4,304			4,275
Interest expense		(796	)		(974	)
Income before income taxes	$	35,689		$	34,516

     The following tables summarize segment information which is prepared in accordance with GAAP for the three months ended September 30, 2016 and 2015:

		Three months ended
		September,
		2016			2015
Revenues
South African transaction processing	$	57,568		$	55,639
International transaction processing		46,190			41,229
Financial inclusion and applied technologies		63,542			67,360
Total		167,300			164,228
Operating income (loss)
South African transaction processing		13,548			13,511
International transaction processing		5,817			6,543
Financial inclusion and applied technologies		15,183			16,554
Subtotal: Operating segments		34,548			36,608
Corporate/Eliminations		(2,367	)		(5,393	)
Total		32,181			31,215
Depreciation and amortization
South African transaction processing		1,157			1,795
International transaction processing		5,836			4,696
Financial inclusion and applied technologies		337			240
Subtotal: Operating segments		7,330			6,731
Corporate/Eliminations		2,874			3,384
Total		10,204			10,115
Expenditures for long-lived assets
South African transaction processing		407			1,447
International transaction processing		2,799			8,038
Financial inclusion and applied technologies		217			1,213
Subtotal: Operating segments		3,423			10,698
Corporate/Eliminations		-			-
Total	$	3,423		$	10,698

     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.