Reportable Segment Information (Text Block)

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Reportable Segment Information Disclosure [Text Block]

REPORTABLE SEGMENT INFORMATION

The Company is a leading provider of technology solutions and payment processing services primarily to community and regional financial institutions.

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, Automated Clearing House (“ACH”) origination and remote deposit capture processing, and risk management products and services. The Complementary segment provides additional software, hosted processing platforms, and services, including call center support, network security management, consulting, and monitoring that can be integrated with the Company's Core solutions, and many can be used independently. The Corporate and Other segment includes revenue and costs from hardware and other products not attributed to any of the other three segments, as well as operating expenses 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 have been made between segments to reclassify revenue and cost of revenue that was recognized for the three and six months ended December 31, 2022. These reclasses were made to be consistent with the current allocation of revenue and cost of revenue by segment. Revenue reclassed for the three and six months ended December 31, 2022, from Core to Corporate and Other was $1,851 and $3,661, respectively, from Payments to Corporate and Other was $10 and $16, respectively, and from Complementary to Corporate and Other was $174 and $108, respectively. Cost of revenue reclassed for the three and six months ended December 31, 2022, from Core to Corporate and Other was $1,658 and $3,294, respectively, from Payments to Corporate and Other was $658 and $1,261, respectively, and from Complementary to Corporate and Other was $326 and $659, respectively.

	Three Months Ended
	December 31, 2023
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	155,429	$	21,060	$	113,779	$	21,724	$	311,992
Processing	10,172		182,779		38,687		2,071		233,709
Total Revenue	165,601		203,839		152,466		23,795		545,701
Cost of Revenue	69,370		111,623		64,023		75,963		320,979
Research and Development									35,478
Selling, General, and Administrative									70,277
Total Expenses									426,734
SEGMENT INCOME	$	96,231	$	92,216	$	88,443	$	(52,168)
OPERATING INCOME									118,967
INTEREST INCOME (EXPENSE)									1,256
INCOME BEFORE INCOME TAXES									$	120,223

	Three Months Ended
	December 31, 2022
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	143,799	$	19,330	$	110,206	$	17,365	$	290,700
Processing	9,740		172,147		31,915		812		214,614
Total Revenue	153,539		191,477		142,121		18,177		505,314
Cost of Revenue	66,666		107,413		58,944		71,566		304,589
Research and Development									36,561
Selling, General, and Administrative									56,788
Total Expenses									397,938
SEGMENT INCOME	$	86,873	$	84,064	$	83,177	$	(53,389)
OPERATING INCOME									107,376
INTEREST INCOME (EXPENSE)									(2,166)
INCOME BEFORE INCOME TAXES									$	105,210

	Six Months Ended
	December 31, 2023
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	331,173	$	40,962	$	238,050	$	44,012	$	654,197
Processing	20,868		362,233		75,783		3,988		462,872
Total Revenue	352,041		403,195		313,833		48,000		1,117,069
Cost of Revenue	145,296		220,449		126,298		151,938		643,981
Research and Development									72,370
Selling, General, and Administrative									149,051
Total Expenses									865,402
SEGMENT INCOME	$	206,745	$	182,746	$	187,535	$	(103,938)
OPERATING INCOME									251,667
INTEREST INCOME (EXPENSE)									1,804
INCOME BEFORE INCOME TAXES									$	253,471

	Six Months Ended
	December 31, 2022
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	307,014	$	37,982	$	228,420	$	37,433	$	610,849
Processing	19,839		340,028		62,119		1,681		423,667
Total Revenue	326,853		378,010		290,539		39,114		1,034,516
Cost of Revenue	137,270		207,965		117,049		140,565		602,849
Research and Development									69,554
Selling, General, and Administrative									114,013
Total Expenses									786,416
SEGMENT INCOME	$	189,583	$	170,045	$	173,490	$	(101,451)
OPERATING INCOME									248,100
INTEREST INCOME (EXPENSE)									(3,590)
INCOME BEFORE INCOME TAXES									$	244,510

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