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REVENUE RECOGNITION | 14 Months Ended
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Jun. 30, 2021
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | NOTE 2: REVENUE RECOGNITION The majority of our revenues are from our U.S. tax services business. The following table disaggregates our U.S. tax services revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:
|  |  |  | (in 000s) |  |  |  |
|  | Two months ended June 30, |  |
|  | 2021 |  | 2020 |  |  |  |
Revenues: |  |  |  |  |  |  |  |
U.S. assisted tax preparation |  | $ | 259,527 |  |  | $ | 154,224 |  |  |  |  |
U.S. royalties |  | 29,659 |  |  | 17,283 |  |  |  |  |
U.S. DIY tax preparation |  | 76,106 |  |  | 21,872 |  |  |  |  |
International |  | 22,071 |  |  | 42,533 |  |  |  |  |
Refund Transfers |  | 14,269 |  |  | 5,242 |  |  |  |  |
Emerald Card® |  | 19,193 |  |  | 11,814 |  |  |  |  |
Peace of Mind® Extended Service Plan |  | 20,231 |  |  | 21,261 |  |  |  |  |
Tax Identity Shield® |  | 3,928 |  |  | 3,554 |  |  |  |  |
Interest and fee income on Emerald Advance SM |  | 299 |  |  | 488 |  |  |  |  |
Wave |  | 12,481 |  |  | 7,624 |  |  |  |  |
Other |  | 8,342 |  |  | 5,552 |  |  |  |  |
Total revenues |  | $ | 466,106 |  |  | $ | 291,447 |  |  |  |  |
Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:
|  |  |  |  |  |  |  | (in 000s)
POM |  | Deferred Revenue |  | Deferred Wages
Two months ended June 30, |  | 2021 |  | 2020 |  | 2021 |  | 2020
Balances as of May 1, |  | $ | 183,871 |  |  | $ | 183,685 |  |  | $ | 20,169 |  |  | $ | 21,618 |
Amounts deferred |  | 12,464 |  |  | 8,743 |  |  | 8 |  |  | 117 |
Amounts recognized on previous deferrals |  | (23,576) |  |  | (24,601) |  |  | (2,310) |  |  | (3,028) |
Balances as of June 30, |  | $ | 172,759 |  |  | $ | 167,827 |  |  | $ | 17,867 |  |  | $ | 18,707 |
As of June 30, 2021, deferred revenue related to POM was $172.8 million. We expect that $101.6 million will be recognized over the next twelve months, while the remaining balance will be recognized within the next five years. As of June 30, 2021 and 2020, Tax Identity Shield® (TIS) deferred revenue was $28.3 million and $28.8 million, respectively. Deferred revenue related to TIS was $28.9 million and $30.8 million as of April 30, 2021 and April 30, 2020, respectively. All deferred revenue related to TIS will be recognized within the next ten months.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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