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Operations by Segments and Geographic Areas (Tables)

6 Months Ended

Dec. 31, 2018

Schedule of Segment Reporting Information

Segment information for the three and six months ended December 31, 2018 and 2017 according to the segment descriptions above, is as follows:


	Three Months Ended December 31,						Six Months Ended December 31,
	2018			2017			2018			2017
	(in thousands)
Segment revenue:
Cloud Solutions	$	50,328		$	44,518		$	99,903		$	86,962
Banking Solutions		23,128			20,954			45,380			42,275
Payments and Transactional Documents		25,943			25,343			52,177			48,392
Other		5,447			4,380			9,823			8,862

Total segment revenue	$	104,846		$	95,195		$	207,283		$	186,491

Segment measure of profit (loss):
Cloud Solutions	$	10,742		$	9,650		$	21,034		$	19,034
Banking Solutions		1,953			1,148			4,015			3,309
Payments and Transactional Documents		7,785			7,734			15,866			14,094
Other		(461	)		(903	)		(1,474	)		(1,387	)

Total measure of segment profit	$	20,019		$	17,629		$	39,441		$	35,050

Reconciliation of Measure of Total Segment Profit to GAAP Income (Loss) Before Income Taxes

A reconciliation of the measure of total segment profit to GAAP income (loss) before income taxes is as follows:


	Three Months Ended December 31,						Six Months Ended December 31,
	2018			2017			2018			2017
	(in thousands)
Total measure of segment profit	$	20,019		$	17,629		$	39,441		$	35,050
Less:
Amortization of acquisition-related intangible assets		(5,253	)		(5,702	)		(10,579	)		(10,890	)
Stock-based compensation plan expense		(9,549	)		(8,080	)		(21,891	)		(16,540	)
Acquisition and integration-related expenses		(710	)		(380	)		(1,593	)		(1,372	)
Restructuring benefit (expense)		(54	)		—			(631	)		9
Minimum pension liability adjustments		80			(3	)		155			(38	)
Global ERP system implementation and other costs		(972	)		(1,339	)		(2,553	)		(3,415	)
Other expense, net ⁽¹⁾		(1,111	)		(3,532	)		(2,151	)		(7,995	)

Income (loss) before income taxes	$	2,450		$	(1,407	)	$	198		$	(5,191	)

⁽¹⁾	On July 1, 2018, we adopted an accounting standard update that changes the classification of certain pension related items. For purposes of this reconciliation of segment profit, we have presented pension related adjustments discretely, not as a component of other expense, net.

Schedule of Segment Depreciation and Amortization Expense Included in Measure of Segment Profit

The following depreciation and other amortization expense amounts are included in the measure of segment profit:


	Three Months Ended December 31,				Six Months Ended December 31,
	2018		2017		2018		2017
	(in thousands)
Depreciation and other amortization expense:
Cloud Solutions	$	2,880	$	2,535	$	5,809	$	4,978
Banking Solutions		1,859		1,537		3,715		3,029
Payments and Transactional Documents		725		705		1,483		1,344
Other		87		98		184		192

Total depreciation and other amortization expense	$	5,551	$	4,875	$	11,191	$	9,543

Schedule of Revenue Based on Point of Sale

We have presented geographic information about our revenues below. This presentation allocates revenue based on the point of sale, not the location of the customer. Accordingly, we derive revenues from geographic locations based on the location of the customer that would vary from the geographic areas listed here; particularly in respect of financial institution customers located in Australia for which the point of sale was the United States.


	Three Months Ended December 31,				Six Months Ended December 31,
	2018		2017		2018		2017
	(in thousands)
Revenues from unaffiliated customers:
United States	$	65,024	$	58,589	$	127,905	$	115,799
United Kingdom		24,004		22,468		48,371		42,539
Switzerland		9,614		9,148		19,607		18,533
Other		6,204		4,990		11,400		9,620

Total revenues from unaffiliated customers	$	104,846	$	95,195	$	207,283	$	186,491

Schedule of Long-Lived Assets, Based on Geographical Location, Excluding Deferred Tax Assets and Intangible Assets

Long-lived assets based on geographical location, excluding deferred tax assets and intangible assets, were as follows:


	At December 31,		At June 30,
	2018		2018
	(in thousands)
Long-lived assets:
United States	$	46,505	$	36,374
United Kingdom		10,023		5,586
Other		4,867		3,488

Total long-lived assets	$	61,395	$	45,448