Reportable Segment Information (Text Block)

6 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Reportable Segment Information Disclosure [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, 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 cost of revenue that was recognized for the three and six months ended December 31, 2023. These reclasses were made to be consistent with the current allocation of cost of revenue by segment. Cost of revenue reclassed for the three and six months ended December 31, 2023, from Complementary to Corporate and Other, was $1,198 and $2,515, respectively.

	Three Months Ended
	December 31, 2024
	Core		Payments		Complementary		Corporate and Other		Total
REVENUE
Services and Support	$	163,119	$	20,094	$	117,574	$	22,240	$	323,027
Processing	10,054		194,742		43,363		2,662		250,821
Total Revenue	173,173		214,836		160,937		24,902		573,848
Cost of Revenue	70,739		114,738		63,384		83,989		332,850
Research and Development									41,095
Selling, General, and Administrative									76,901
Total Expenses									450,846
SEGMENT INCOME	$	102,434	$	100,098	$	97,553	$	(59,087)
OPERATING INCOME									123,002
INTEREST INCOME (EXPENSE)									4,379
INCOME BEFORE INCOME TAXES									$	127,381

	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		62,825		77,161		320,979
Research and Development									35,478
Selling, General, and Administrative									70,277
Total Expenses									426,734
SEGMENT INCOME	$	96,231	$	92,216	$	89,641	$	(53,366)
OPERATING INCOME									118,967
INTEREST INCOME (EXPENSE)									1,256
INCOME BEFORE INCOME TAXES									$	120,223

	Six Months Ended
	December 31, 2024
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	347,985	$	42,837	$	247,567	$	41,317	$	679,706
Processing	20,812		383,921		85,072		5,318		495,123
Total Revenue	368,797		426,758		332,639		46,635		1,174,829
Cost of Revenue	152,159		227,757		129,352		167,014		676,282
Research and Development									80,780
Selling, General, and Administrative									143,489
Total Expenses									900,551
SEGMENT INCOME	$	216,638	$	199,001	$	203,287	$	(120,379)
OPERATING INCOME									274,278
INTEREST INCOME (EXPENSE)									9,901
INCOME BEFORE INCOME TAXES									$	284,179

	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		123,783		154,453		643,981
Research and Development									72,370
Selling, General, and Administrative									149,051
Total Expenses									865,402
SEGMENT INCOME	$	206,745	$	182,746	$	190,050	$	(106,453)
OPERATING INCOME									251,667
INTEREST INCOME (EXPENSE)									1,804
INCOME BEFORE INCOME TAXES									$	253,471

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.