Reportable Segment Information (Text Block)

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Reportable Segment Information [Text Block]

REPORTABLE SEGMENT INFORMATION

The Company is a leading provider of technology solutions and payment processing services primarily for financial services organizations.

The Company’s operations are classified into four reportable segments: Core, Payments, Complementary, and Corporate and 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 processing services, online and mobile bill pay solutions, and risk management products and services. The Complementary segment provides additional software and services that can be integrated with the Company's core solutions or used independently. The Corporate and Other segment includes revenue and costs from hardware and other products not attributable to the other three segments, 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.

Immaterial adjustments were made in fiscal 2022 to reclassify cost of revenue in fiscal 2021 from the Core segment to the Corporate and Other segment to be consistent with the current fiscal year allocation of cost of revenue by segment. The amounts reclassified for the fiscal year ended June 30, 2021, were $135.

During the second quarter of fiscal 2021, the Company's call center was consolidated into the Complementary segment. As a result of this consolidation, immaterial adjustments were made during fiscal 2021 to reclassify related revenue and costs recognized during the fiscal year ended June 30, 2020, from the Core to the Complementary segment. The total related revenue reclassified was $20,797 for fiscal 2020. The total related cost of revenue reclassified was $12,386 for fiscal 2020.

	Year Ended
	June 30, 2022
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	583,752	$	78,402	$	444,485	$	49,726	$	1,156,365
Processing	38,690		628,617		116,726		2,486		786,519
Total Revenue	622,442		707,019		561,211		52,212		1,942,884
Cost of Revenue	261,585		380,954		232,088		253,987		1,128,614
Research and Development									121,355
Selling, General, and Administrative									218,296
Total Expenses									1,468,265
SEGMENT INCOME	$	360,857	$	326,065	$	329,123	$	(201,775)
OPERATING INCOME									474,619
INTEREST INCOME (EXPENSE)									(2,352)
INCOME BEFORE INCOME TAXES									$	472,267

	Year Ended
	June 30, 2021
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	529,193	$	63,445	$	410,930	$	44,638	$	1,048,206
Processing	34,903		578,863		94,998		1,255		710,019
Total Revenue	564,096		642,308		505,928		45,893		1,758,225
Cost of Revenue	247,150		353,581		212,627		250,041		1,063,399
Research and Development									109,047
Selling, General, and Administrative									187,060
Total Expenses									1,359,506
SEGMENT INCOME	$	316,946	$	288,727	$	293,301	$	(204,148)
OPERATING INCOME									398,719
INTEREST INCOME (EXPENSE)									(994)
INCOME BEFORE INCOME TAXES									$	397,725

	Year Ended
	June 30, 2020
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	529,997	$	66,920	$	401,639	$	52,895	$	1,051,451
Processing	31,372		530,773		82,507		964		645,616
Total Revenue	561,369		597,693		484,146		53,859		1,697,067
Cost of Revenue	240,492		319,739		203,963		244,270		1,008,464
Research and Development									109,988
Selling, General, and Administrative									197,988
Total Expenses									1,316,440
SEGMENT INCOME	$	320,877	$	277,954	$	280,183	$	(190,411)
OPERATING INCOME									380,627
INTEREST INCOME (EXPENSE)									449
INCOME BEFORE INCOME TAXES									$	381,076

The Company has not disclosed any additional asset information by segment, as the information is not produced internally and its preparation is impracticable.