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Reportable Segment Information (Text Block)
 12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Reportable Segment Information [Text Block] REPORTABLE SEGMENT INFORMATION
The Company 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, and risk management products and services. The Complementary segment provides additional software and services that can be integrated with the Company's core solutions or used independently. The Corporate and Other segment includes revenue and costs from hardware and other products not attributable to the other three segments, as well as operating costs 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.
During fiscal 2023, the Company transferred a product, Remit, from the Complementary segment to the Payments segment, due to better alignment with the Payments segment. As a result of this transfer, adjustments were made during fiscal 2023 to reclassify related revenue and cost of revenue for the fiscal years ended June 30, 2022, and 2021, from the Complementary to the Payments segment. Revenue reclassed for the fiscal years ended June 30, 2022, and 2021, were $12,049 and $11,007, respectively. Cost of revenue reclassed for the fiscal years ended June 30, 2022, and 2021, were $2,059 and $1,982, respectively.
Immaterial adjustments were made in fiscal 2023 to reclassify revenue that was recognized in fiscal 2022 from the Complementary to the Corporate and Other segment. Immaterial adjustments were also made in fiscal 2023 to reclassify cost of revenue that was recognized in fiscal 2022 from the Complementary to the Payments and Corporate and Other segments. These reclasses were made to be consistent with the current allocation of revenue and cost of revenue by segment. Revenue reclassed for the fiscal year ended June 30, 2022, from Complementary to Corporate and Other was $4,917. Cost of revenue reclassed for the fiscal year ended June 30, 2022, from Complementary to Payments was $3,396, and from Complementary to Corporate and Other was $403.
Immaterial adjustments were made in fiscal 2023 to reclassify revenue that was recognized in fiscal 2021 from the Complementary to the Corporate and Other segment. Immaterial adjustments were also made in fiscal 2023 to reclassify cost of revenue that was recognized in fiscal 2021 from the Complementary and Corporate and Other segments to the Payments segment. These reclasses were made to be consistent with the current allocation of revenue and cost of revenue by segment. Revenue reclassed for the fiscal year ended June 30, 2021, from Complementary to Corporate and Other was $3,462. Cost of revenue reclassed for the fiscal year ended June 30, 2021, from Complementary to Payments was $2,523, and from Corporate and Other to Payments was $789.
Year Ended
June 30, 2023
CorePaymentsComplementaryCorporate and OtherTotal
REVENUE
Services and Support$615,636 $79,818 $453,848 $65,399 $1,214,701 
Processing40,528 687,521 130,045 4,907 863,001 
Total Revenue656,164 767,339 583,893 70,306 2,077,702 
 
Cost of Revenue283,531 423,474 239,044 273,013 1,219,062 
Research and Development142,678 
Selling, General, and Administrative235,274 
Total Expenses1,597,014 
SEGMENT INCOME$372,633 $343,865 $344,849 $(202,707)
OPERATING INCOME480,688 
INTEREST INCOME (EXPENSE)(6,114)
INCOME BEFORE INCOME TAXES$474,574 
Year Ended
June 30, 2022
CorePaymentsComplementaryCorporate and OtherTotal
REVENUE
Services and Support$583,752 $83,810 $434,159 $54,644 $1,156,365 
Processing38,690 635,258 110,085 2,486 786,519 
Total Revenue622,442 719,068 544,244 57,130 1,942,884 
Cost of Revenue261,585 386,409 226,229 254,391 1,128,614 
Research and Development121,355 
Selling, General, and Administrative218,296 
Total Expenses1,468,265 
SEGMENT INCOME$360,857 $332,659 $318,015 $(197,261)
OPERATING INCOME474,619 
INTEREST INCOME (EXPENSE)(2,352)
INCOME BEFORE INCOME TAXES$472,267 
Year Ended
June 30, 2021
CorePaymentsComplementaryCorporate and OtherTotal
REVENUE
Services and Support$529,193 $68,800 $402,112 $48,101 $1,048,206 
Processing34,903 584,514 89,347 1,255 710,019 
Total Revenue564,096 653,314 491,459 49,356 1,758,225 
Cost of Revenue247,150 358,874 208,123 249,252 1,063,399 
Research and Development109,047 
Selling, General, and Administrative187,060 
Total Expenses1,359,506 
SEGMENT INCOME$316,946 $294,440 $283,336 $(199,896)
OPERATING INCOME398,719 
INTEREST INCOME (EXPENSE)(994)
INCOME BEFORE INCOME TAXES$397,725 

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.