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Segment Information
 6 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
 
Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and to assess performance. Our chief operating decision maker is our President and Chief Executive Officer.
 
The subscription and software segment is engaged in the licensing of process optimization and asset performance management software solutions and associated support services, and includes our license and maintenance revenue. The services and other segment includes professional services and training, and includes our services and other revenue. We do not track assets or capital expenditures by operating segments. Consequently, it is not practical to present assets, capital expenditures, depreciation or amortization by operating segments.
 
The following table presents a summary of our reportable segments’ profits:
 
 
Subscription and Software
 
Services and Other
 
Total
 
(Dollars in Thousands)
Three Months Ended December 31, 2019
 

 
 

 
 

Segment revenue
$
115,486

 
$
9,246

 
$
124,732

Segment expenses (1)
(57,718
)
 
(8,933
)
 
(66,651
)
Segment profit
$
57,768

 
$
313

 
$
58,081

 
 
 
 
 
 
Three Months Ended December 31, 2018
 

 
 

 
 

Segment revenue
$
134,406

 
$
6,017

 
$
140,423

Segment expenses (1)
(53,732
)
 
(7,634
)
 
(61,366
)
Segment profit (loss)
$
80,674

 
$
(1,617
)
 
$
79,057

 
 
 
 
 
 
Six Months Ended December 31, 2019
 

 
 

 
 

Segment revenue
$
240,231

 
$
18,592

 
$
258,823

Segment expenses (1)
(116,040
)
 
(17,514
)
 
(133,554
)
Segment profit
$
124,191

 
$
1,078

 
$
125,269

 
 
 
 
 
 
Six Months Ended December 31, 2018
 

 
 

 
 

Segment revenue
$
241,200

 
$
13,392

 
$
254,592

Segment expenses (1)
(107,258
)
 
(15,203
)
 
(122,461
)
Segment profit (loss)
$
133,942

 
$
(1,811
)
 
$
132,131



(1)         Our reportable segments’ operating expenses include expenses directly attributable to the segments. Segment expenses include selling and marketing and research and development expenses. Segment expenses do not include allocations of general and administrative expense; interest income; interest (expense); and other (expense) income, net.

Reconciliation to Income before Income Taxes
 
The following table presents a reconciliation of total segment profit to income before income taxes for the three and six months ended December 31, 2019 and 2018:
 
 
Three Months Ended
December 31,
 
Six Months Ended
December 31,
 
2019
 
2018
 
2019
 
2019
 
(Dollars in Thousands)
 
 
 
 
 
 
 
 
Total segment profit for reportable segments
$
58,081

 
$
79,057

 
$
125,269

 
$
132,131

General and administrative expense
(16,422
)
 
(15,299
)
 
(36,306
)
 
(31,383
)
Interest income
8,428

 
7,485

 
16,404

 
14,554

Interest (expense)
(3,161
)
 
(2,164
)
 
(6,161
)
 
(3,978
)
Other (expense) income, net
(997
)
 
(578
)
 
135

 
(451
)
Income before income taxes
$
45,929

 
$
68,501

 
$
99,341

 
$
110,873