FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI-
TIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to ________________
Commission file number 0-14112
JACK HENRY & ASSOCIATES, INC.
(Exact name of registrant as specified in its charter)
Delaware 43-1128385
(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification No.)
663 Highway 60, P. O. Box 807, Monett, MO 65708
(Address of principal executive offices)
(Zip Code)
417-235-6652
(Registrant's telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed
since last report)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes x No
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable date.
Class Outstanding at April 30, 2000
Common Stock, $.01 par value 40,728,202
This amendment is filed to correct Footnote 3 to the
unaudited financial statements of Jack Henry & Associates, Inc.
included in Part 1, Item 1 of its Form 10-Q filed May 5, 2000 with
regard to its fiscal quarter ended March 31, 2000. The entire
footnote, as corrected, appears below. No other provisions of the
10-Q for the fiscal quarter ended March 31, 2000 are amended hereby.
PART 1. FINANCIAL INFORMATION
Item 1. Financial Statements
Footnote 3 -- Additional Interim Footnote Information
The following additional information is provided to update
the notes to the Company's annual financial
statements for developments during the nine months
ended March 31, 2000:
Acquisition of BancTec's community banking business -
On September 8, 1999, the Company completed the
acquisition of BancTec, Inc.'s community banking
business. The assets were acquired and the
liabilities assumed by Open System Group ("OSG"), a
newly formed, wholly-owned subsidiary of the Company.
OSG markets banking software systems to financial
institutions in the United States along with computer
equipment (hardware), and provides the conversion and
software customization necessary to install the
software system. OSG also provides account
processing capabilities and data center operations to
community banks.
The acquisition was accounted for by the purchase method of
accounting. Accordingly, the accompanying condensed
consolidated statements of income do not include any
revenues and expenses related to this acquisition
prior to the closing date.
The following unaudited proforma consolidated information is
presented as if the acquisition had occurred as of
the beginning of each period presented.
Nine Months Ended
March 31,
2000 1999
Revenues $153,736 $172,791
Income from continuing operations $ 21,555 $ 22,232
Net income $ 21,223 $ 21,474
Diluted earnings per share:
Income from continuing operations $ .51 $ .53
Net income $ .51 $ .51
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
JACK HENRY & ASSOCIATES, INC.
Date: July 24, 2000 /s/ Michael E. Henry
Michael E. Henry
Chairman of the Board and
Chief Executive Officer
Date: July 24, 2000 /s/ Terry W. Thompson
Terry W. Thompson
Vice President and
Chief Financial Officer
