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Income Taxes (Text Block) | 12 Months Ended
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Jun. 30, 2021
Income Tax Disclosure [Abstract] |
Income Taxes [Text Block] | INCOME TAXES The provision/(benefit) for income taxes consists of the following:
| Year Ended June 30,
| 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
Federal | $ | 55,598 |  |  | $ | 46,137 |  |  | $ | 54,800 |
State | 13,897 |  |  | 13,690 |  |  | 12,946 |
Deferred: |  |  |  |  |
Federal | 14,401 |  |  | 21,130 |  |  | 4,177 |
State | 2,360 |  |  | 3,451 |  |  | 3,427 |
| $ | 86,256 |  |  | $ | 84,408 |  |  | $ | 75,350 |
The tax effects of temporary differences related to deferred taxes shown on the balance sheets were:
| June 30,
| 2021 |  | 2020
Deferred tax assets: |  |  |
Contract and service revenues | $ | 13,428 |  |  | $ | 14,469 |
Expense reserves and accruals (bad debts, compensation, and payroll tax) | 17,566 |  |  | 14,096 |
Leasing liabilities | 15,182 |  |  | 17,122 |
Net operating loss and tax credit carryforwards | 3,242 |  |  | 3,786 |
Other, net | 2,634 |  |  | 2,327 |
Total gross deferred tax assets | 52,052 |  |  | 51,800 |
Valuation allowance | (270) |  |  | (473) |
Net deferred tax assets | 51,782 |  |  | 51,327 |
Deferred tax liabilities: |  |  |
Accelerated tax depreciation | (37,066) |  |  | (39,619) |
Accelerated tax amortization | (175,804) |  |  | (166,343) |
Contract and service costs | (85,696) |  |  | (73,331) |
Leasing right-of-use assets | (13,974) |  |  | (16,032) |
Total gross deferred liabilities | (312,540) |  |  | (295,325) |
Net deferred tax liability | $ | (260,758) |  |  | $ | (243,998) |
The following analysis reconciles the statutory federal income tax rate to the effective income tax rates reflected above:
| Year Ended June 30,
| 2021 |  | 2020 |  | 2019
Computed "expected" tax expense | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (reduction) in taxes resulting from: |  |  |  |  |
State income taxes, net of federal income tax benefits | 3.2 | % |  | 3.6 | % |  | 3.7 | %
Research and development credit | (2.4) | % |  | (2.4) | % |  | (2.5) | %
Tax effects of share-based payments | (0.4) | % |  | (0.1) | % |  | (1.4) | %
Other (net) | 0.3 | % |  | — | % |  | 0.9 | %
| 21.7 | % |  | 22.1 | % |  | 21.7 | %
As of June 30, 2021, the Company has $4,093 of gross federal net operating loss (“NOL”) and $192 tax credit carryforwards pertaining to the acquisition of Goldleaf Financial Solutions, Inc. and Geezeo, which are expected to be utilized after the application of IRC Section 382. Separately, as of June 30, 2021, the Company has state NOL and tax credit carryforwards with a tax-effected value of $523 and $1,667, respectively. The federal and state loss and credit carryover have varying expiration dates, ranging from fiscal 2022 to 2041. Based on state tax rules which restrict utilization of these losses and tax credits, the Company believes it is more likely than not that $270 of these losses and tax credits will expire unutilized. Accordingly, valuation allowances of $270 and $473 have been recorded against the state net operating losses and tax credit carryforwards as of June 30, 2021 and 2020, respectively. The Company paid income taxes, net of refunds, of $80,220, $63,692, and $62,005 in fiscal 2021, 2020, and 2019, respectively. At June 30, 2021, the Company had $8,762 of gross unrecognized tax benefits, $8,119 of which, if recognized, would affect its effective tax rate. At June 30, 2020, the Company had $10,112 of unrecognized tax benefits, $9,434 of which, if recognized, would affect its effective tax rate. The Company had accrued interest and penalties of $1,180 and $1,565 related to uncertain tax positions at June 30, 2021 and 2020, respectively. The income tax provision included interest expense and penalties (or benefits) on unrecognized tax benefits of $(310), $38, and $128 in the fiscal years ended June 30, 2021, 2020, and 2019, respectively. A reconciliation of the unrecognized tax benefits for the fiscal years ended June 30, 2021, 2020, and 2019 follows:
| Unrecognized Tax Benefits
Balance at July 1, 2018 | $ | 10,227 |
Additions for current year tax positions | 1,135 |
Reductions for current year tax positions | (40) |
Additions for prior year tax positions | 562 |
Reductions for prior year tax positions | (531) |
Additions related to business combinations | 43 |
Settlements | (25) |
Reductions related to expirations of statute of limitations | (876) |
Balance at June 30, 2019 | 10,495 |
Additions for current year tax positions | 1,451 |
Additions for prior year tax positions | 867 |
Additions related to business combinations | 192 |
Reductions related to expirations of statute of limitations | (2,893) |
Balance at June 30, 2020 | 10,112 |
Additions for current year tax positions | 1,598 |
Additions for prior year tax positions | 490 |
Reductions for prior year tax positions | (30) |
Reductions related to expirations of statute of limitations | (3,408) |
Balance at June 30, 2021 | $ | 8,762 |
The U.S. federal and state income tax returns for fiscal 2018 and all subsequent years remain subject to examination as of June 30, 2021 under statute of limitations rules. The Company anticipates that potential changes due to lapsing statutes of limitations and examination closures could reduce the unrecognized tax benefits balance by $3,500 - $4,500 within twelve months of June 30, 2021.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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