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Revenue and Deferred Costs Revenue and Deferred Costs (Notes)
 3 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue and Deferred Costs [Text Block] REVENUE AND DEFERRED COSTS
Revenue Recognition
The Company generates revenue from data processing and hosting, transaction processing, software licensing and related services, professional services, and hardware sales.
Disaggregation of Revenue
The tables below present the Company's revenue disaggregated by type of revenue. Refer to Note 10, Reportable Segment Information, for disaggregated revenue by type and reportable segment. The majority of the Company’s revenue is earned domestically, with revenue from clients outside the United States comprising less than 1% of total revenue.
Three Months Ended September 30,
20242023
Private and Public Cloud$182,260 $163,489 
Product Delivery and Services57,663 60,839 
On-Premise Support116,756 117,877 
Services and Support356,679 342,205 
Processing244,303 229,163 
Total Revenue$600,982 $571,368 
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with clients.
September 30,
2024		June 30,
2024
Receivables, net$306,660 $333,033 
Contract Assets - Current33,913 33,610 
Contract Assets - Non-current101,739 103,295 
Contract Liabilities (Deferred Revenue) - Current248,977 317,730 
Contract Liabilities (Deferred Revenue) - Non-current70,597 71,202 
Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the client, except where invoicing is contingent upon the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the condensed consolidated balance sheets, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from clients in advance of delivery of the related goods and services to the client. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.
The Company analyzes contract language to identify if a significant financing component does exist and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.
During the three months ended September 30, 2024, and 2023, the Company recognized revenue of $94,159 and $99,220, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.
Amounts recognized that relate to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price re-allocations due to changes in estimates of variable consideration.
Transaction Price Allocated to Remaining Performance Obligations
As of September 30, 2024, estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period totaled $7,137,233. The Company expects to recognize approximately 24% over the next 12 months, 19% in 13-24 months, and the balance thereafter.
Contract Costs
The Company incurs incremental costs to obtain a contract as well as costs to fulfill contracts with clients that are expected to be recovered. These costs consist primarily of sales commissions, which are incurred only if a contract is obtained, and client conversion or implementation-related costs. Capitalized costs are amortized based on the transfer of goods or services to which the asset relates, in line with the percentage of revenue recognized for each performance obligation to which the costs are allocated.
Capitalized costs totaled $505,993 and $503,152, at September 30, 2024, and June 30, 2024, respectively.
For the three months ended September 30, 2024, and 2023, amortization of deferred contract costs totaled $54,907 and $50,537, respectively. There were no impairment losses in relation to capitalized costs for the periods presented.