Reportable Segment Information (Text Block)

3 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Reportable Segment Information Disclosure [Text Block]

REPORTABLE SEGMENT INFORMATION

The Company is a provider of integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions.

The Company’s operations are classified into four reportable segments: Core, Payments, Complementary, and Corporate & Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer/member information. The Payments segment provides secure payment processing tools and services, including: ATM, debit, and credit card transaction processing services; online and mobile bill pay solutions; ACH origination and remote deposit capture processing; and risk management products and services. The Complementary segment provides additional software and services that can be integrated with our Core solutions or used independently. The Corporate & Other segment includes hardware revenue and costs, as well as operating costs not directly attributable to the other three segments.

The Company evaluates the performance of its segments and allocates resources to them based on various factors, including performance against trend, budget, and forecast. Only revenue and costs of revenue are considered in the evaluation for each segment.

An immaterial adjustment was made to reclassify revenue recognized in fiscal 2019 from the Complementary to the Core Segment to be consistent with the current year's allocation of revenue by segment. For the three months ended September 30, 2019, the amount reclassified totaled $1,603.

	Three Months Ended
	September 30, 2019
	Core		Payments		Complementary		Corporate & Other			Total
REVENUE
Services and Support	$	148,090	$	17,308	$	98,451	$	14,959		$	278,808
Processing	7,806		132,438		18,744		209			159,197
Total Revenue	155,896		149,746		117,195		15,168			438,005
Cost of Revenue	63,306		76,624		46,674		59,187			245,791
Research and Development										24,591
Selling, General, and Administrative										49,436
Total Expenses										319,818
SEGMENT INCOME	$	92,590	$	73,122	$	70,521	$	(44,019	)
OPERATING INCOME										118,187
INTEREST INCOME (EXPENSE)										352
INCOME BEFORE INCOME TAXES										$	118,539

	Three Months Ended
	September 30, 2018
	Core		Payments		Complementary		Corporate & Other			Total
REVENUE
Services and Support	$	131,991	$	12,770	$	88,460	$	13,347		$	246,568
Processing	7,164		121,427		17,245		139			145,975
Total Revenue	139,155		134,197		105,705		13,486			392,543
Cost of Revenue	59,216		65,707		41,830		53,359			220,112
Research and Development										24,026
Selling, General, and Administrative										45,183
Total Expenses										289,321
SEGMENT INCOME	$	79,939	$	68,490	$	63,875	$	(39,873	)
OPERATING INCOME										103,222
INTEREST INCOME (EXPENSE)										144
INCOME BEFORE INCOME TAXES										$	103,366

The Company has not disclosed any additional asset information by segment, as the information is not generated for internal management reporting to the Chief Operating Decision Maker.