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REVENUE RECOGNITION | 6 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | NOTE 2: REVENUE RECOGNITION The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:
|  |  |  |  |  |  |  | (in 000s)
|  | Three months ended December 31, |  | Six months ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenues: |  |  |  |  |  |  |  |
U.S. assisted tax preparation |  | $ | 48,380 |  |  | $ | 48,342 |  |  | $ | 91,343 |  |  | $ | 87,605 |
U.S. royalties |  | 3,499 |  |  | 5,454 |  |  | 9,351 |  |  | 11,155 |
U.S. DIY tax preparation |  | 13,744 |  |  | 13,111 |  |  | 16,980 |  |  | 16,959 |
Refund Transfers |  | 637 |  |  | 813 |  |  | 1,497 |  |  | 1,955 |
Peace of Mind® Extended Service Plan |  | 16,145 |  |  | 17,440 |  |  | 39,242 |  |  | 42,287 |
Tax Identity Shield® |  | 4,013 |  |  | 4,694 |  |  | 7,922 |  |  | 9,274 |
Emerald Card® and Spruce SM |  | 10,148 |  |  | 11,700 |  |  | 18,974 |  |  | 20,333 |
Interest and fee income on Emerald Advance® |  | 12,308 |  |  | 15,235 |  |  | 12,308 |  |  | 15,533 |
International |  | 31,811 |  |  | 29,569 |  |  | 96,666 |  |  | 90,134 |
Wave |  | 26,561 |  |  | 23,133 |  |  | 52,964 |  |  | 47,076 |
Other |  | 11,824 |  |  | 9,592 |  |  | 25,633 |  |  | 20,572 |
Total revenues |  | $ | 179,070 |  |  | $ | 179,083 |  |  | $ | 372,880 |  |  | $ | 362,883 |
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
Six months ended December 31, |  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance, beginning of the period |  | $ | 156,610 |  |  | $ | 167,257 |  |  | $ | 20,212 |  |  | $ | 21,828 |
Amounts deferred |  | 3,209 |  |  | 3,601 |  |  | 15 |  |  | 8 |
Amounts recognized on previous deferrals |  | (46,962) |  |  | (48,995) |  |  | (6,092) |  |  | (5,590) |
Balance, end of the period |  | $ | 112,857 |  |  | $ | 121,863 |  |  | $ | 14,135 |  |  | $ | 16,246 |
As of December 31, 2024, deferred revenue related to POM was $112.9 million. We expect that $83.0 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years. As of December 31, 2024 and 2023, Tax Identity Shield® (TIS) deferred revenue was $14.1 million and $16.5 million, respectively. Deferred revenue related to TIS was $21.4 million and $25.2 million as of June 30, 2024 and 2023, respectively. All deferred revenue related to TIS will be recognized by April 2025.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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