XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Operating Segments | 6 Months Ended
--- | ---
Dec. 31, 2018
Operating Segments [Abstract] |
Operating Segments | 17. Operating segments The Company discloses segment information as reflected in the management information systems reports that its chief operating decision maker uses in making decisions and to report certain entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets or reports material revenues. A description of the Company's operating segments is contained in Note 22 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018. The reconciliation of the reportable segment's revenue to revenue from external customers for the three months ended December 31, 2018 and 2017, is as follows:
| Revenue
|  |  |  |  |  | From
|  | Reportable |  | Inter- |  | external
|  | Segment |  | segment |  | customers
South African transaction processing | $ | 21,970 | $ | 1,167 | $ | 20,803
International transaction processing |  | 38,124 |  | - |  | 38,124
Financial inclusion and applied technologies |  | 38,755 |  | 532 |  | 38,223
Total for the three months ended December 31, 2018 | $ | 98,849 | $ | 1,699 | $ | 97,150
South African transaction processing | $ | 64,148 | $ | 6,181 | $ | 57,967
International transaction processing |  | 44,185 |  | - |  | 44,185
Financial inclusion and applied technologies |  | 54,131 |  | 7,867 |  | 46,264
Total for the three months ended December 31, 2017 | $ | 162,464 | $ | 14,048 | $ | 148,416
The reconciliation of the reportable segment's revenue to revenue from external customers for the six months ended December 31, 2018 and 2017, is as follows:
| Revenue
|  |  |  |  |  | From
|  | Reportable |  | Inter- |  | external
|  | Segment |  | segment |  | customers
South African transaction processing | $ | 59,719 | $ | 4,453 | $ | 55,266
International transaction processing |  | 77,511 |  | - |  | 77,511
Financial inclusion and applied technologies |  | 91,961 |  | 1,704 |  | 90,257
Total for the six months ended December 31, 2018 | $ | 229,191 | $ | 6,157 | $ | 223,034
South African transaction processing | $ | 130,585 | $ | 12,326 | $ | 118,259
International transaction processing |  | 90,207 |  | - |  | 90,207
Financial inclusion and applied technologies |  | 108,444 |  | 15,936 |  | 92,508
Total for the six months ended December 31, 2017 | $ | 329,236 | $ | 28,262 | $ | 300,974
The Company does not allocate interest income, interest expense or income tax expense to its reportable segments. The Company evaluates segment performance based on segment operating income before acquisition-related intangible asset amortization which represents operating income before acquisition-related intangible asset amortization and allocation of expenses allocated to Corporate/Eliminations, all under GAAP. The reconciliation of the reportable segments measures of profit or loss to income before income taxes for the three and six months ended December 31, 2018 and 2017, is as follows:
|  | Three months ended |  |  | Six months ended |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Reportable segments measure of profit or loss | ($ | 34,411 | ) | $ | 21,216 |  | ($ | 23,860 | ) | $ | 52,784 |
Operating income: Corporate/Eliminations |  | (8,664 | ) |  | (4,909 | ) |  | (18,319 | ) |  | (11,471 | )
Change in value of equity securities |  | (15,836 | ) |  | - |  |  | (15,836 | ) |  | - |
Interest income, net of impairment |  | (331 | ) |  | 4,705 |  |  | 1,545 |  |  | 9,749 |
Interest expense |  | (2,778 | ) |  | (2,325 | ) |  | (5,537 | ) |  | (4,446 | )
(Loss) Income before income taxes | ($ | 62,020 | ) | $ | 18,687 |  | ($ | 62,007 | ) | $ | 46,616 |
The following tables summarize segment information that is prepared in accordance with GAAP for the three and six months ended December 31, 2018 and 2017:
|  | Three months ended |  |  | Six months ended |
|  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
South African transaction processing | $ | 21,970 |  | $ | 64,148 |  | $ | 59,719 |  |  | 130,585 |
International transaction processing |  | 38,124 |  |  | 44,185 |  |  | 77,511 |  |  | 90,207 |
Financial inclusion and applied technologies |  | 38,755 |  |  | 54,131 |  |  | 91,961 |  |  | 108,444 |
Total |  | 98,849 |  |  | 162,464 |  |  | 229,191 |  |  | 329,236 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
South African transaction processing |  | (11,830 | ) |  | 13,470 |  |  | (15,343 | ) |  | 25,802 |
International transaction processing |  | (4,043) |  |  | (4,991 | ) |  | (1,281) |  |  | 325 |
Financial inclusion and applied technologies |  | (18,538 | ) |  | 12,737 |  |  | (7,236 | ) |  | 26,657 |
Subtotal: Operating segments |  | (34,411 | ) |  | 21,216 |  |  | (23,860 | ) |  | 52,784 |
Corporate/Eliminations |  | (8,664 | ) |  | (4,909 | ) |  | (18,319 | ) |  | (11,471 | )
Total | $ | (43,075 | ) | $ | 16,307 |  | $ | (42,179 | ) | $ | 41,313 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
South African transaction processing | $ | 921 | $ |  | 1,087 |  | $ | 1,862 | $ |  | 2,240 |
International transaction processing |  | 2,511 |  |  | 4,381 |  |  | 5,570 |  |  | 9,013 |
Financial inclusion and applied technologies |  | 405 |  |  | 309 |  |  | 1,041 |  |  | 664 |
Subtotal: Operating segments |  | 3,837 |  |  | 5,777 |  |  | 8,473 |  |  | 11,917 |
Corporate/Eliminations |  | 6,016 |  |  | 2,946 |  |  | 12,174 |  |  | 5,772 |
Total |  | 9,853 |  |  | 8,723 |  |  | 20,647 |  |  | 17,689 |
Expenditures for long-lived assets |  |  |  |  |  |  |  |  |  |  |  |
South African transaction processing |  | 1,047 |  |  | 900 |  |  | 2,333 |  |  | 1,377 |
International transaction processing |  | 841 |  |  | 892 |  |  | 1,641 |  |  | 1,798 |
Financial inclusion and applied technologies |  | 659 |  |  | 311 |  |  | 1,691 |  |  | 401 |
Subtotal: Operating segments |  | 2,547 |  |  | 2,103 |  |  | 5,665 |  |  | 3,576 |
Corporate/Eliminations |  | - |  |  | - |  |  | - |  |  | - |
Total | $ | 2,547 | $ |  | 2,103 |  | $ | 5,665 | $ |  | 3,576 |
The segment information as reviewed by the chief operating decision maker does not include a measure of segment assets per segment as all of the significant assets are used in the operations of all, rather than any one, of the segments. The Company does not have dedicated assets assigned to a particular operating segment. Accordingly, it is not meaningful to attempt an arbitrary allocation and segment asset allocation is therefore not presented. It is impractical to disclose revenues from external customers for each product and service or each group of similar products and services.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration