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Additional Interim Footnote Information Additional Interim Footnote Information (Text Block) | 9 Months Ended
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Mar. 31, 2014
Additional Financial Information Disclosure [Abstract] |
Additional Financial Information Disclosure [Text Block] | ADDITIONAL INTERIM FOOTNOTE INFORMATION The following additional information is provided to update the notes to the Company’s annual consolidated financial statements for developments during the period ended March 31, 2014. Common stock The Board of Directors has authorized the Company to repurchase shares of its common stock. Under this authorization, the Company may finance its share repurchases with available cash reserves or short-term borrowings on its existing credit facilities. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. At March 31, 2014, there were 17,854 shares in treasury stock and the Company had the remaining authority to repurchase up to 7,137 additional shares. The total cost of treasury shares at March 31, 2014 is $465,077. During fiscal 2014, the Company repurchased 1,100 treasury shares for $62,995. At June 30, 2013, there were 16,754 shares in treasury stock and the Company had authority to repurchase up to 8,237 additional shares. Litigation We are subject to various routine legal proceedings and claims, including the following: In May 2013 a patent infringement lawsuit entitled DataTreasury Corporation v. Jack Henry & Associates, Inc. et. al. was filed against the Company, several subsidiaries and a number of customer financial institutions in the US District Court for the Eastern District of Texas. The complaint seeks damages, interest, injunctive relief, and attorneys' fees for the alleged infringement of two patents, as well as trebling of damage awards for alleged willful infringement. We believe we have strong defenses and intend to defend the lawsuit vigorously. At this stage, we cannot make a reasonable estimate of possible loss or range of loss, if any, arising from this lawsuit.

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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
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