Reportable Segment Information (Text Block)

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Reportable Segment Information [Text Block]

REPORTABLE SEGMENT INFORMATION

The Company is a well-rounded financial technology company and 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, 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, 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 between segments were made in fiscal 2024 to reclassify revenue and cost of revenue that was recognized in fiscal 2023. These reclasses were made to be consistent with the current allocation of revenue and cost of revenue by segment. Revenue reclassed for the fiscal year ended June 30, 2023, from Core to Corporate and Other was $7,119, from Payments to Corporate and Other was $30, and from Complementary to Corporate and Other was $307. Cost of revenue reclassed for the fiscal year ended June 30, 2023, from Core to Corporate and Other was $6,713, from Payments to Corporate and Other was $2,594, and from Complementary to Corporate and Other was $1,286.

	Year Ended
	June 30, 2024
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	649,169	$	84,655	$	461,828	$	80,302	$	1,275,954
Processing	41,569		733,053		156,383		8,584		939,589
Total Revenue	690,738		817,708		618,211		88,886		2,215,543
Cost of Revenue	287,349		442,084		256,007		314,037		1,299,477
Research and Development									148,256
Selling, General, and Administrative									278,419
Total Expenses									1,726,152
SEGMENT INCOME	$	403,389	$	375,624	$	362,204	$	(225,151)
OPERATING INCOME									489,391
INTEREST INCOME (EXPENSE)									8,628
INCOME BEFORE INCOME TAXES									$	498,019

	Year Ended
	June 30, 2023
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	608,517	$	79,788	$	453,541	$	72,855	$	1,214,701
Processing	40,528		687,521		130,045		4,907		863,001
Total Revenue	649,045		767,309		583,586		77,762		2,077,702
Cost of Revenue	276,818		420,880		237,758		283,606		1,219,062
Research and Development									142,678
Selling, General, and Administrative									235,274
Total Expenses									1,597,014
SEGMENT INCOME	$	372,227	$	346,429	$	345,828	$	(205,844)
OPERATING INCOME									480,688
INTEREST INCOME (EXPENSE)									(6,114)
INCOME BEFORE INCOME TAXES									$	474,574

	Year Ended
	June 30, 2022
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	583,752	$	83,810	$	434,159	$	54,644	$	1,156,365
Processing	38,690		635,258		110,085		2,486		786,519
Total Revenue	622,442		719,068		544,244		57,130		1,942,884
Cost of Revenue	261,585		386,409		226,229		254,391		1,128,614
Research and Development									121,355
Selling, General, and Administrative									218,296
Total Expenses									1,468,265
SEGMENT INCOME	$	360,857	$	332,659	$	318,015	$	(197,261)
OPERATING INCOME									474,619
INTEREST INCOME (EXPENSE)									(2,352)
INCOME BEFORE INCOME TAXES									$	472,267

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.