Reportable Segment Information (Text Block)

9 Months Ended

Mar. 31, 2024

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 digital/mobile banking, treasury services, online account opening, fraud/anti-money laundering ("AML") and lending/deposit solutions 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 nine months ended March 31, 2023. 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 nine months ended March 31, 2023, from Core to Corporate and Other was $1,797 and $5,456, respectively, from Payments to Corporate and Other was $7 and $24, respectively, and from Complementary to Corporate and Other was $135 and $243, respectively. Cost of revenue reclassed for the three and nine months ended March 31, 2023, from Core to Corporate and Other was $1,711 and $5,004, respectively, from Payments to Corporate and Other was $662 and $1,923, respectively, and from Complementary to Corporate and Other was $329 and $989, respectively.

	Three Months Ended
	March 31, 2024
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	156,421	$	20,440	$	109,682	$	18,474	$	305,017
Processing	10,234		181,479		39,549		2,283		233,545
Total Revenue	166,655		201,919		149,231		20,757		538,562
Cost of Revenue	72,153		109,848		65,414		80,809		328,224
Research and Development									35,993
Selling, General, and Administrative									62,246
Total Expenses									426,463
SEGMENT INCOME	$	94,502	$	92,071	$	83,817	$	(60,052)
OPERATING INCOME									112,099
INTEREST INCOME (EXPENSE)									2,066
INCOME BEFORE INCOME TAXES									$	114,165

	Three Months Ended
	March 31, 2023
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	145,012	$	19,833	$	108,993	$	18,084	$	291,922
Processing	10,094		172,000		32,994		1,542		216,630
Total Revenue	155,106		191,833		141,987		19,626		508,552
Cost of Revenue	69,994		106,216		61,037		70,098		307,345
Research and Development									34,625
Selling, General, and Administrative									58,192
Total Expenses									400,162
SEGMENT INCOME	$	85,112	$	85,617	$	80,950	$	(50,472)
OPERATING INCOME									108,390
INTEREST INCOME (EXPENSE)									(2,275)
INCOME BEFORE INCOME TAXES									$	106,115

	Nine Months Ended
	March 31, 2024
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	487,594	$	61,402	$	347,733	$	62,485	$	959,214
Processing	31,102		543,713		115,331		6,271		696,417
Total Revenue	518,696		605,115		463,064		68,756		1,655,631
Cost of Revenue	217,449		330,297		191,712		232,747		972,205
Research and Development									108,363
Selling, General, and Administrative									211,298
Total Expenses									1,291,866
SEGMENT INCOME	$	301,247	$	274,818	$	271,352	$	(163,991)
OPERATING INCOME									363,765
INTEREST INCOME (EXPENSE)									3,870
INCOME BEFORE INCOME TAXES									$	367,635

	Nine Months Ended
	March 31, 2023
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	452,027	$	57,814	$	337,413	$	55,517	$	902,771
Processing	29,934		512,029		95,113		3,222		640,298
Total Revenue	481,961		569,843		432,526		58,739		1,543,069
Cost of Revenue	207,265		314,181		178,085		210,664		910,195
Research and Development									104,179
Selling, General, and Administrative									172,205
Total Expenses									1,186,579
SEGMENT INCOME	$	274,696	$	255,662	$	254,441	$	(151,925)
OPERATING INCOME									356,490
INTEREST INCOME (EXPENSE)									(5,866)
INCOME BEFORE INCOME TAXES									$	350,624

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.