REVENUE RECOGNITION

3 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

NOTE 2: REVENUE RECOGNITION

The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:

			(in 000s)
	Three months ended September 30,
	2024		2023
Revenues:
U.S. assisted tax preparation	$	42,963	$	39,263
U.S. royalties	5,852		5,701
U.S. DIY tax preparation	3,236		3,848
Refund Transfers	860		1,142
Peace of Mind® Extended Service Plan	23,097		24,847
Tax Identity Shield®	3,909		4,580
Emerald Card® and SpruceSM	8,826		8,633
Interest and fee income on Emerald Advance®	—		298
International	64,855		60,565
Wave	26,403		23,943
Other	13,809		10,980
Total revenues	$	193,810	$	183,800

Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:

							(in 000s)
POM	Deferred Revenue				Deferred Wages
Three months ended September 30,	2024		2023		2024		2023
Balance, beginning of the period	$	156,610	$	167,257	$	20,212	$	21,828
Amounts deferred	1,563		1,450		15		6
Amounts recognized on previous deferrals	(27,450)		(28,772)		(3,629)		(3,323)
Balance, end of the period	$	130,723	$	139,935	$	16,598	$	18,511

As of September 30, 2024, deferred revenue related to POM was $130.7 million. We expect that $87.5 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years.

As of September 30, 2024 and 2023, Tax Identity Shield® (TIS) deferred revenue was $17.7 million and $20.8 million, respectively. Deferred revenue related to TIS was $21.4 million and $25.2 million as of June 30, 2024 and 2023, respectively. All deferred revenue related to TIS will be recognized by April 2025.