0000779152-23-000024 | 10-Q | XBRL Viewer | Jack Henry Associates INC

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Cover Page - shares	9 Months Ended
Cover Page - shares	Mar. 31, 2023	Apr. 24, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--06-30
Entity Central Index Key	0000779152
Entity File Number	0-14112
Entity Registrant Name	JACK HENRY & ASSOCIATES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1128385
Entity Address, Address Line One	663 Highway 60, P.O. Box 807
Entity Address, City or Town	Monett
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	65708
City Area Code	417
Local Phone Number	235-6652
Title of 12(b) Security	Common Stock ($0.01 par value)
Trading Symbol	JKHY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		72,875,305

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 26,552	$ 48,787
Receivables, net	238,364	348,072
Income tax receivable	1,882	13,822
Prepaid expenses and other	153,492	125,537
Deferred costs	67,904	57,105
Assets held for sale	0	20,201
Total current assets	488,194	613,524
PROPERTY AND EQUIPMENT, net	199,787	211,709
OTHER ASSETS:
Non-current deferred costs	156,245	143,750
Computer software, net of amortization	556,596	410,957
Other non-current assets	312,458	293,526
Other intangible assets, net of amortization	21,666	25,137
Goodwill	804,797	687,458
Total other assets	1,919,616	1,630,331
Total assets	2,607,597	2,455,564
CURRENT LIABILITIES:
Accounts payable	13,789	21,034
Accrued expenses	150,005	192,042
Notes payable and current maturities of long-term debt	1	67
Deferred revenues	156,761	330,687
Total current liabilities	320,556	543,830
LONG TERM LIABILITIES:
Non-current deferred revenues	69,385	71,485
Deferred income tax liability	256,260	292,630
Debt, net of current maturities	375,000	115,000
Other long-term liabilities	48,087	50,996
Total long term liabilities	748,732	530,111
Total liabilities	$ 1,069,288	$ 1,073,941
STOCKHOLDERS' EQUITY
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, issued	0	0
Preferred stock - $1 par value; 500,000 shares authorized, none issued	$ 0	$ 0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	250,000,000	250,000,000
Common stock, issued shares	104,060,645	103,921,724
Common stock - $0.01 par value; 250,000,000 shares authorized; 104,060,645 shares issued at March 31, 2023; 103,921,724 shares issued at June 30, 2022	$ 1,040	$ 1,039
Additional paid-in capital	573,518	551,360
Retained earnings	$ 2,795,869	$ 2,636,342
Treasury Stock, Common, Shares	31,194,351	31,042,903
Less treasury stock at cost; 31,194,351 shares at March 31, 2023; 31,042,903 shares at June 30, 2022	$ (1,832,118)	$ (1,807,118)
Total stockholders' equity	1,538,309	1,381,623
Total liabilities and equity	2,607,597	2,455,564
Customer Relationships [Member]
OTHER ASSETS:
Customer relationships, net of amortization	$ 67,854	$ 69,503

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
REVENUE	$ 508,552	$ 478,260	$ 1,543,069	$ 1,460,212
EXPENSES
Cost of Revenue	307,345	282,339	910,195	841,799
Research and Development	34,625	30,725	104,179	87,394
Selling, General and Administrative	58,192	53,607	172,205	160,172
Total Expenses	400,162	366,671	1,186,579	1,089,365
OPERATING INCOME	108,390	111,589	356,490	370,847
INTEREST INCOME (EXPENSE)
Interest Income	2,391	3	3,783	16
Interest Expense	(4,666)	(691)	(9,649)	(1,387)
Total Interest Income (Expense)	(2,275)	(688)	(5,866)	(1,371)
INCOME BEFORE INCOME TAXES	106,115	110,901	350,624	369,476
PROVISION FOR INCOME TAXES	24,566	26,194	81,751	86,986
NET INCOME	$ 81,549	$ 84,707	$ 268,873	$ 282,490
Earnings Per Share
Basic earnings per share	$ 1.12	$ 1.16	$ 3.69	$ 3.84
Basic weighted average shares outstanding	72,935	72,835	72,931	73,477
Diluted earnings per share	$ 1.12	$ 1.16	$ 3.68	$ 3.84
Diluted weighted average shares outstanding	73,074	73,019	73,119	73,619

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Statement - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]
Balance, beginning of period (value) at Jun. 30, 2021			$ 1,038	$ 518,960	$ 2,412,496	$ (1,613,202)
Shares, beginning of period at Jun. 30, 2021			103,795,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			41,586
Shares issued for Employee Stock Purchase Plan (shares)			59,179
Shares issued for Employee Stock Purchase Plan (value)			$ 1	8,523
Tax withholding related to share-based compensation				(3,709)
Stock-based compensation expense				19,303
Net Income	$ 282,490				282,490
Dividends					(103,376)
Purchase of treasury shares						(193,916)
Balance, end of period (value) at Mar. 31, 2022	$ 1,328,608		$ 1,039	543,077	2,591,610	(1,807,118)
Shares, end of period at Mar. 31, 2022			103,895,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 1.41
Balance, beginning of period (value) at Dec. 31, 2021			$ 1,039	535,493	2,542,583	(1,807,118)
Shares, beginning of period at Dec. 31, 2021			103,860,246
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			15,053
Shares issued for Employee Stock Purchase Plan (shares)			20,635
Shares issued for Employee Stock Purchase Plan (value)			$ 0	3,019
Tax withholding related to share-based compensation				(1,711)
Stock-based compensation expense				6,276
Net Income	$ 84,707				84,707
Dividends					(35,680)
Purchase of treasury shares						0
Balance, end of period (value) at Mar. 31, 2022	$ 1,328,608		$ 1,039	543,077	2,591,610	(1,807,118)
Shares, end of period at Mar. 31, 2022			103,895,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.49
Preferred Shares		0
Balance, beginning of period (value) at Jun. 30, 2022	$ 1,381,623		$ 1,039	551,360	2,636,342	(1,807,118)
Shares, beginning of period at Jun. 30, 2022			103,921,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			59,177
Shares issued for Employee Stock Purchase Plan (shares)			79,744
Shares issued for Employee Stock Purchase Plan (value)			$ 1	9,005
Tax withholding related to share-based compensation				(8,306)
Stock-based compensation expense				21,459
Net Income	268,873				268,873
Dividends					(109,346)
Purchase of treasury shares						(25,000)
Balance, end of period (value) at Mar. 31, 2023	$ 1,538,309		$ 1,040	573,518	2,795,869	(1,832,118)
Shares, end of period at Mar. 31, 2023			104,060,645
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 1.50
Balance, beginning of period (value) at Dec. 31, 2022			$ 1,040	564,856	2,752,212	(1,807,118)
Shares, beginning of period at Dec. 31, 2022			104,027,008
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			9,660
Shares issued for Employee Stock Purchase Plan (shares)			23,977
Shares issued for Employee Stock Purchase Plan (value)			$ 0	3,322
Tax withholding related to share-based compensation				(1,575)
Stock-based compensation expense				6,915
Net Income	$ 81,549				81,549
Dividends					(37,892)
Purchase of treasury shares						(25,000)
Balance, end of period (value) at Mar. 31, 2023	$ 1,538,309		$ 1,040	$ 573,518	$ 2,795,869	$ (1,832,118)
Shares, end of period at Mar. 31, 2023			104,060,645
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.52
Preferred Shares		0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 268,873	$ 282,490
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	36,740	38,339
Amortization	105,609	94,563
Change in deferred income taxes	(36,370)	15,681
Expense for stock-based compensation	21,459	19,303
(Gain)/loss on disposal of assets	(7,234)	301
Changes in operating assets and liabilities:
Change in receivables	110,686	83,868
Change in prepaid expenses, deferred costs and other	(68,885)	(51,255)
Change in accounts payable	(5,654)	2,609
Change in accrued expenses	(48,319)	(33,400)
Change in income taxes	14,256	26,885
Change in deferred revenues	(184,130)	(177,987)
Net cash from operating activities	207,031	301,397
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for acquisitions, net of cash acquired	(229,628)	0
Capital expenditures	(27,237)	(28,386)
Proceeds from dispositions	27,885	38
Purchased Software	(1,471)	(7,726)
Computer software developed	(124,110)	(108,950)
Purchase of investments	(1,000)	0
Net cash from investing activities	(355,561)	(145,024)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities	550,000	292,000
Repayments on credit facilities and financing leases	(290,059)	(167,091)
Purchase of treasury stock	(25,000)	(193,916)
Dividends paid	(109,346)	(103,376)
Tax withholding payments related to share-based compensation	(8,306)	(3,709)
Proceeds from sale of common stock	9,006	8,524
Net cash from financing activities	126,295	(167,568)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(22,235)	(11,195)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	48,787	50,992
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 26,552	$ 39,797

Nature of Operations and Summary of Significant Accounting Policies (Text Block)

9 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations and Summary of Significant Accounting Policies [Text Block]

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of the Company

Jack Henry & Associates, Inc. and subsidiaries ("Jack Henry," "JKHY," or the "Company") is a well-rounded financial technology company. JKHY was founded in 1976 as a provider of core information processing solutions for banks. Today, the Company’s extensive array of products and services includes processing transactions, automating business processes, and managing information for approximately 7,700 financial institutions and diverse corporate entities.

Consolidation

The condensed consolidated financial statements include the accounts of JKHY and all of its subsidiaries, which are wholly owned, and all intercompany accounts and transactions have been eliminated.

Comprehensive Income

Comprehensive income for the three and nine months ended March 31, 2023 and 2022, equals the Company’s net income.

Allowance for Credit Losses

The Company monitors trade and other receivable balances and contract assets and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events.

The following table summarizes allowance for credit losses activity for the fiscal quarter and year-to-date periods ended March 31, 2023, and 2022:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Allowance for credit losses - beginning balance	$	8,184	$	7,733	$	7,616	$	7,267

Current provision for expected credit losses	420		360		1,380		1,200
Write-offs charged against allowance	(444)		(381)		(834)		(754)
Recoveries of amounts previously written off	—		—		(2)		(1)

Allowance for credit losses - ending balance	$	8,160	$	7,712	$	8,160	$	7,712

Property and Equipment

Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets. Accumulated depreciation at March 31, 2023, totaled $468,650 and at June 30, 2022, totaled $454,879.

Intangible Assets

Intangible assets consist of goodwill, customer relationships, computer software, and trade names acquired in business acquisitions in addition to internally developed computer software. The amounts are amortized, with the exception of those intangible assets with an indefinite life (such as goodwill), over an estimated economic benefit period, generally 3 to 20 years. Accumulated amortization of intangible assets totaled $1,114,890 and $1,030,800 at March 31, 2023, and June 30, 2022, respectively.

Investments

At March 31, 2023, and June 30, 2022, the Company had an investment in the preferred stock of Autobooks, Inc ("Autobooks") of $18,250, which represented a non-controlling share of the voting equity as of that date. The total investment was recorded at cost and is included within other non-current assets on the Company's balance sheet. There have been no events or changes in circumstances that would indicate an impairment and no price changes resulting from observing a similar or identical investment. An impairment and/or an observable price change would be an adjustment to recorded cost. Fair value will not be estimated unless there are identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment.

Common Stock

The Board of Directors has authorized the Company to repurchase shares of its common stock. Under this authorization, the Company may finance its share repurchases with available cash reserves or borrowings on its existing line of credit. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. At March 31, 2023, there were 31,194 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,796 additional shares. The total cost of treasury shares at March 31, 2023, was $1,832,118. During the first nine months of fiscal 2023, the Company repurchased 151 shares. At June 30, 2022, there were 31,043 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,948 additional shares. The total cost of treasury shares at June 30, 2022, was $1,807,118. During the first nine months of fiscal 2022, the Company repurchased 1,250 shares.

Income Taxes

Deferred tax liabilities and assets are recognized for the tax effects of differences between the financial statement and tax basis of assets and liabilities. A valuation allowance would be established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized.

The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based upon the technical merits of the position. The tax benefit recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Also, interest and penalties expenses are recognized on the full amount of unrecognized benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense.

Interim Financial Statements

The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission ("SEC") and in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") applicable to interim condensed consolidated financial statements, and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete consolidated financial statements. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes, which are included in its Annual Report on Form 10-K (“Form 10-K”) for the fiscal year ended June 30, 2022. The accounting policies followed by the Company are set forth in Note 1 to the Company's consolidated financial statements included in its Form 10-K for the fiscal year ended June 30, 2022, with updates to certain policies included in this Note 1.

In the opinion of the management of the Company, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary (consisting of normal recurring adjustments) to state fairly in all material respects the financial position of the Company as of March 31, 2023, the results of its operations for the three and nine months ended March 31, 2023 and 2022, changes in stockholders' equity for the three and nine months ended March 31, 2023 and 2022, and its cash flows for the nine months ended March 31, 2023 and 2022. The condensed consolidated balance sheet at June 30, 2022, was derived from audited annual financial statements, but does not contain all of the footnote disclosures from the annual financial statements.

The results of operations for the three and nine months ended March 31, 2023, are not necessarily indicative of the results to be expected for the entire fiscal year.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Risks and Uncertainties

The Company has determined there was not a material impact to the Company’s condensed consolidated financial statements as of and for the quarter ended March 31, 2023, as a result of the continuing impact of the COVID-19 pandemic. However, the extent to which the COVID-19 pandemic may impact the Company's future operational and financial performance remains uncertain and difficult to predict. The Company will continue to monitor developments related to the COVID-19 pandemic.

Recent Accounting Pronouncements Recent Accounting Pronouncements (Text Block)	9 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Guidance [Text Block]	RECENT ACCOUNTING PRONOUNCEMENTS Not Yet Adopted In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which improves the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to recognition of an acquired contract liability and payment terms and their effect on subsequent revenue recognized by the acquirer. The ASU is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company plans to adopt the ASU effective July 1, 2023, and will apply it prospectively to business combinations occurring on or after that date.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Revenue and Deferred Costs Revenue and Deferred Costs (Notes)

9 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue and Deferred Costs [Text Block]

REVENUE AND DEFERRED COSTS

Revenue Recognition

The Company generates revenue from data processing, transaction processing, software licensing and related services, professional services, and hardware sales.

Disaggregation of Revenue

The tables below present the Company's revenue disaggregated by type of revenue. Refer to Note 11, Reportable Segment Information, for disaggregated revenue by type and reportable segment. The majority of the Company’s revenue is earned domestically, with revenue from customers outside the United States comprising less than 1% of total revenue.


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Private and Public Cloud	$	158,228	$	142,808	$	460,357	$	416,791
Product Delivery and Services	56,372		62,349		172,489		193,363
On-Premise Support	77,322		77,764		269,925		266,471
Services & Support	291,922		282,921		902,771		876,625

Processing	216,630		195,339		640,298		583,587

Total Revenue	$	508,552	$	478,260	$	1,543,069	$	1,460,212

Contract Balances

The following table provides information about contract assets and contract liabilities from contracts with customers.


	March 31, 2023		June 30, 2022
Receivables, net	$	238,364	$	348,072
Contract Assets - Current	23,933		24,447
Contract Assets - Non-current	71,799		68,261
Contract Liabilities (Deferred Revenue) - Current	156,761		330,687
Contract Liabilities (Deferred Revenue) - Non-current	69,385		71,485

Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, except where invoicing is contingent upon the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the condensed consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer.

Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.

The Company analyzes contract language to identify if a significant financing component does exist and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.

During the three months ended March 31, 2023, and 2022, the Company recognized revenue of $83,179 and $92,147, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. For the nine months ended March 31, 2023, and 2022, the Company recognized revenue of $215,263 and $225,424, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Amounts recognized that relate to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price re-allocations due to changes in estimates of variable consideration.

Transaction Price Allocated to Remaining Performance Obligations

As of March 31, 2023, estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period totaled $5,884,965. The Company expects to recognize approximately 25% over the next 12 months, 20% in 13-24 months, and the balance thereafter.

Contract Costs

The Company incurs incremental costs to obtain a contract as well as costs to fulfill contracts with customers that are expected to be recovered. These costs consist primarily of sales commissions, which are incurred only if a contract is obtained, and customer conversion or implementation-related costs. Capitalized costs are amortized based on the transfer of goods or services to which the asset relates, in line with the percentage of revenue recognized for each performance obligation to which the costs are allocated.

Capitalized costs totaled $417,407 and $380,095, at March 31, 2023, and June 30, 2022, respectively.

For the three months ended March 31, 2023, and 2022, amortization of deferred contract costs totaled $37,381 and $31,444, respectively. During the nine months ended March 31, 2023, and 2022, amortization of deferred contract costs totaled $114,222 and $99,441, respectively. There were no impairment losses in relation to capitalized costs for the periods presented.

- 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.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measures and Disclosures

9 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments[Text Block]

FAIR VALUE OF FINANCIAL INSTRUMENTS

For cash equivalents, certificates of deposit, amounts receivable or payable, and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities.

The Company's estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows:

Level 1: inputs to the valuation are quoted prices in an active market for identical assets

Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly

Level 3: valuation is based on significant inputs that are unobservable in the market and the Company's own estimates of assumptions that we believe market participants would use in pricing the asset

Fair value of financial assets included in current assets is as follows:


	Estimated Fair Value Measurements						Total Fair
	Level 1		Level 2		Level 3		Value
March 31, 2023
Financial Assets:

Certificates of Deposit	$	—	$	2,213	$	—	$	2,213
Financial Liabilities:
Revolving credit facility	$	—	$	375,000	$	—	$	375,000
June 30, 2022
Financial Assets:
Certificates of Deposit	$	—	$	1,212	$	—	$	1,212

Financial Liabilities:
Revolving credit facility	$	—	$	115,000	$	—	$	115,000

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Leases Leases (Notes)

9 Months Ended

Mar. 31, 2023

Leases [Abstract]

Lessee, Operating Leases [Text Block]

LEASES

The Company determines if an arrangement is a lease at inception. The lease term begins on the commencement date, which is the date the Company takes possession of the property and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases and equipment leases. ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since the Company’s leases do not typically provide an implicit rate, the Company uses its incremental borrowing rate based upon the information available at commencement date. The determination of the incremental borrowing rate requires judgment and is determined by using the Company’s current unsecured borrowing rate, adjusted for various factors such as collateralization and term to align with the terms of the lease.

The Company leases certain office space, data centers, and equipment with remaining terms of 1 to 11 years. Certain leases contain renewal options for varying periods, which are at the Company’s sole discretion. For leases where the Company is reasonably certain to exercise a renewal option, such option periods have been included in the determination of the Company’s ROU assets and lease liabilities. Certain leases require the Company to pay taxes, insurance, maintenance, and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature. Variable lease costs are recognized as a variable lease expense when incurred.

At March 31, 2023, and June 30, 2022, the Company had operating lease assets of $40,867 and $46,869 and financing lease assets of $1 and $65, respectively. At March 31, 2023, total operating lease liabilities of $45,094 were comprised of current operating lease liabilities of $9,548 and noncurrent operating lease liabilities of $35,546. At March 31, 2023, total financing lease liabilities of $1 were all current liabilities. At June 30, 2022, total operating lease liabilities of $51,452 were comprised of current operating lease liabilities of $10,681 and noncurrent operating lease liabilities of $40,771. At June 30, 2022, total financing lease liabilities of $67 were all current financing lease liabilities.

Operating lease assets are included within other non-current assets, and operating lease liabilities are included within accrued expenses (current portion) and other long-term liabilities (noncurrent portion) in the Company’s condensed consolidated balance sheet. Operating lease assets were recorded net of accumulated amortization of $36,611 and $31,006 as of March 31, 2023, and June 30, 2022, respectively. Financing lease assets are included within property and equipment, net, and financing lease liabilities are included within notes payable (current portion) and long-term debt (noncurrent portion) in the Company’s condensed consolidated balance sheet. Financing lease assets were recorded net of accumulated amortization of $310 and $255 as of March 31, 2023, and June 30, 2022, respectively.

Operating lease costs for the three months ended March 31, 2023, and 2022, were $2,903 and $3,182, respectively. Financing lease costs for the three months ended March 31, 2023, and 2022, were $15 and $25, respectively. Total

operating and financing lease costs for the respective quarters included variable lease costs of $851 and $640, respectively. Operating lease costs for the nine months ended March 31, 2023, and 2022, were $8,991 and $9,942, respectively. Financing lease costs for the nine months ended March 31, 2023, and 2022, were $56 and $80, respectively. Total operating and financing lease costs for the respective fiscal year-to-date periods included variable lease costs of $2,741 and $1,480, respectively. Operating and financing lease expense are included within cost of services, research and development, and selling, general and administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s condensed consolidated statements of income.

For the nine months ended March 31, 2023, and 2022, the Company had operating cash flows for payments on operating leases of $9,230 and $9,947, and ROU assets obtained in exchange for operating lease liabilities of $2,354 and $1,985, respectively. Operating cash flows for interest paid on financing leases for the nine months ended March 31, 2023, and 2022, were $59 and $83, respectively.

As of March 31, 2023, and June 30, 2022, the weighted-average remaining lease term for the Company's operating leases was 71 months and 76 months, and the weighted-average discount rate was 2.59% and 2.58%, respectively. As of March 31, 2023, and June 30, 2022, the weighted-average remaining lease term for the Company's financing leases was 1 month and 9 months, respectively. The weighted-average discount rate for the Company's financing leases was 1.68% as of March 31, 2023, and 2.29% as of June 30, 2022.

Maturity of Lease Liabilities under ASC 842

Future minimum rental payments on operating leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2023*:


Due Dates (fiscal year)	Future Minimum Rental Payments

2023 (remaining period)	$	2,833
2024	10,716
2025	7,973
2026	7,068
2027	6,276
Thereafter	14,296
Total lease payments	$	49,162
Less: interest	(4,068)
Present value of lease liabilities	$	45,094

*Financing leases were immaterial to the quarter, so a maturity of lease liabilities table has only been included for operating leases.

Lease payments include $5,464 related to options to extend lease terms that are reasonably certain of being exercised. At March 31, 2023, there were $6,128 of legally binding lease payments for leases signed but not yet commenced.

Debt (Text Block)	9 Months Ended
Debt (Text Block)	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt Disclosures [Text Block]	DEBT Credit facilities On August 31, 2022, the Company entered into a five-year senior, unsecured amended and restated credit agreement that replaced the prior credit facility described below. The credit agreement allows for borrowings of up to $600,000, which may be increased to $1,000,000 by the Company at any time until maturity. The credit agreement bears interest at a variable rate equal to (a) a rate based on an adjusted Secured Overnight Financing Rate ("SOFR") term rate or (b) an alternate base rate (the highest of (i) 0%, (ii) the Prime Rate for such day, (iii) the sum of the Federal Funds Effective Rate for such day plus 0.50% per annum and (iv) the Adjusted Term SOFR Screen Rate (without giving effect to the Applicable Margin) for a one month Interest Period on such day for Dollars plus 1.0%), plus an applicable percentage in each case determined by the Company's leverage ratio. The credit agreement is guaranteed by certain subsidiaries of the Company and is subject to various financial covenants that require the Company to maintain certain financial ratios as defined in the credit agreement. As of March 31, 2023, the Company was in compliance with all such covenants. The amended and restated credit facility terminates August 31, 2027. There was $375,000 outstanding under the amended and restated credit facility at March 31, 2023. On June 30, 2022, there was a $115,000 outstanding balance on the prior credit facility that was entered into on February 10, 2020. The prior credit facility was a five-year senior, unsecured revolving credit facility. The prior credit facility allowed for borrowings of up to $300,000, which could be increased by the Company to $700,000 at any time until maturity. The prior credit facility bore interest at a variable rate equal to (a) a rate based on a eurocurrency rate or (b) an alternate base rate (the highest of (i) 0%, (ii) the U.S. Bank prime rate for such day, (iii) the sum of the Federal Funds Effective Rate for such day plus 0.50% and (iv) the eurocurrency rate for a one-month interest period on such day for dollars plus 1.0%), plus an applicable percentage in each case determined by the Company's leverage ratio. The prior credit facility was guaranteed by certain subsidiaries of the Company and was subject to various financial covenants that required the Company to maintain certain financial ratios as defined in the prior credit agreement. As of June 30, 2022, the Company was in compliance with all such covenants. The prior credit facility's termination date was February 10, 2025. Other lines of credit The Company has an unsecured bank credit line which provides for funding of up to $5,000 and bears interest at the prime rate less 1%. The credit line expires on April 30, 2024. There was no balance outstanding at March 31, 2023, or June 30, 2022. Interest The Company paid interest of $6,871 and $1,235 during the nine months ended March 31, 2023, and 2022, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Income Taxes (Text Block)	9 Months Ended
Income Taxes (Text Block)	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES The effective tax rate decreased for the three months ended March 31, 2023, compared to the three months ended March 31, 2022, with an effective tax rate of 23.2% of income before income taxes, compared to 23.6% in the prior fiscal year quarter. The decrease in the effective tax rate was primarily due to greater benefits received from tax credits during the current fiscal year quarter. For the nine months ended March 31, 2023, the effective tax rate decreased compared to the nine months ended March 31, 2022, with an effective tax rate of 23.3% of income before taxes, compared to 23.5% for the same period last fiscal year. The Company paid income taxes, net of refunds, of $103,251 and $44,245 in the nine months ended March 31, 2023 and 2022, respectively. The increase in cash taxes paid is the result of certain law changes included in the Tax Cuts and Jobs Act of 2017 effective in the current fiscal year. At March 31, 2023, the Company had $10,905 of gross unrecognized tax benefits before interest and penalties, $9,702 of which, if recognized, would affect our effective tax rate. The Company had accrued interest and penalties of $1,635 and $1,542 related to uncertain tax positions at March 31, 2023, and 2022, respectively. The U.S. federal income tax returns for fiscal 2019 and all subsequent years remain subject to examination as of March 31, 2023, under statute of limitations rules. The U.S. state income tax returns that remain subject to examination as of March 31, 2023, under the statute of limitation rules varies by state jurisdiction from fiscal 2016 through 2019 and all subsequent years. The Company anticipates potential changes due to lapsing of statutes of limitations, and examination closures could reduce the unrecognized tax benefits balance by $1,500 to $3,500 within twelve months of March 31, 2023.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

Stock Based Compensation (Text Block)

9 Months Ended

Mar. 31, 2023

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement [Text Block]

STOCK-BASED COMPENSATION

Our operating income for the three months ended March 31, 2023, and 2022, included $6,915 and $6,276 of stock-based compensation costs, respectively. Our operating income for the nine months ended March 31, 2023, and 2022, included $21,459 and $19,303 of stock-based compensation costs, respectively.

Stock Options

On November 10, 2015, the Company adopted the 2015 Equity Incentive Plan ("2015 EIP") for its employees and non-employee directors. The plan allows for grants of stock options, stock appreciation rights, restricted stock shares or units, and performance shares or units. The maximum number of shares authorized for issuance under the plan is 3,000. For stock options, terms and vesting periods of the options are determined by the Compensation Committee of the Board of Directors when granted. The option period must expire not more than ten years from the option grant date. The options granted under this plan are exercisable beginning three years after the grant date at an exercise price equal to 100% of the fair market value of the stock at the grant date. The options terminate upon

surrender of the option, ninety days after termination of employment, upon the expiration of one year following notification of a deceased optionee, or ten years after grant.

A summary of option plan activity under this plan is as follows:


	Number of Shares	Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding July 1, 2022	12	$	87.27
Granted	—	—
Forfeited	—	—
Exercised	—	—
Outstanding March 31, 2023	12	$	87.27	$	741
Vested and Expected to Vest March 31, 2023	12	$	87.27	$	741
Exercisable March 31, 2023	12	$	87.27	$	741

At March 31, 2023, there was no compensation cost yet to be recognized related to outstanding options. For options currently exercisable, the weighted average remaining contractual term (remaining period of exercisability) as of March 31, 2023, was 3.25 years.

Restricted Stock Unit Awards

The Company issues unit awards under the 2015 EIP. The following table summarizes non-vested restricted stock unit awards as of March 31, 2023:


Unit awards	Units	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding July 1, 2022	303	$	166.50
Granted	136	214.91
Vested	(116)	158.37
Forfeited	(14)	186.82
Outstanding March 31, 2023	309	$	189.92	$	46,546

The 136 unit awards granted in fiscal 2023 had service requirements and performance measures, with 90 only having service requirements. The unit awards with only service requirements were valued at the weighted average fair value of the non-vested units based on the fair market value of the Company’s equity shares on the grant date, less the present value of expected future dividends to be declared during the vesting period, consistent with the methodology for calculating compensation expense on such awards.

The remaining 46 unit awards granted in fiscal 2023 have performance measures along with service requirements. 17 of these performance and service requirement unit awards were valued at grant by estimating 100% payout at release and using the fair market value of the Company equity shares on the grant date, less the present value of expected future dividends to be declared during the vesting period. The payout at release of approximately half of these unit awards will be determined based on the Company's compound annual growth rate for revenue (excluding adjustments) for the three-year vesting period compared against goal thresholds as defined in the award agreement. The performance payout at release of the other half of these unit awards will be determined based on the expansion of the Company's non-GAAP operating margin over the three-year vesting period compared against goal thresholds as defined in the award agreement. 25 of these performance and service requirement unit awards were valued at grant using a Monte Carlo pricing model as of the measurement date customized to the specific provisions of the Company’s plan design. The remaining 4 performance and service requirement unit awards had other performance targets. Per the Company's award vesting and settlement provisions, the awards that utilize a Monte Carlo pricing model were valued at grant on the basis of Total Shareholder Return ("TSR") in comparison to the compensation peer group made up of participants approved by the Compensation Committee of the Company's Board of Directors for fiscal year 2023. The Monte Carlo inputs used in the model to estimate fair value at the measurement date and resulting values for these performance unit awards are as follows.



Monte Carlo award inputs:	Fiscal 2023
Compensation Peer Group:
Volatility	29.4	%
Risk free interest rate	2.96	%
Annual dividend based on most recent quarterly dividend	$1.96
Dividend yield	0.94	%
Beginning average percentile rank for TSR	71.0	%

At March 31, 2023, there was $26,880 of compensation expense, excluding forfeitures, that has yet to be recognized related to non-vested restricted stock unit awards, which will be recognized over a weighted average period of 1.24 years.

Earnings Per Share Earnings Per Share (Text Block)

9 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE

The following table reflects the reconciliation between basic and diluted earnings per share.


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Net Income	$	81,549	$	84,707	$	268,873	$	282,490
Common share information:
Weighted average shares outstanding for basic earnings per share	72,935		72,835		72,931		73,477
Dilutive effect of stock options and restricted stock units	139		184		188		142
Weighted average shares outstanding for diluted earnings per share	73,074		73,019		73,119		73,619
Basic earnings per share	$	1.12	$	1.16	$	3.69	$	3.84
Diluted earnings per share	$	1.12	$	1.16	$	3.68	$	3.84

Per share information is based on the weighted average number of common shares outstanding for the three and nine months ended March 31, 2023 and 2022. Stock options and restricted stock units have been included in the calculation of earnings per share to the extent they are dilutive. There were zero and nominal anti-dilutive stock options or restricted stock units excluded for the three and nine months ended March 31, 2023, respectively, and nominal and 10 were excluded for the three and nine months ended March 31, 2022, respectively.

Business Acquisitions (Text Block)

9 Months Ended

Mar. 31, 2023

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]

Business Acquisition Disclosure [Text Block]

BUSINESS ACQUISITION

Payrailz

On August 31, 2022, the Company acquired all of the equity interest in Payrailz, LLC ("Payrailz"). The final purchase price, following customary post-closing adjustments to the extent actual closing date working capital, cash, debt, and unpaid seller transaction expenses exceeded or were less than the amounts estimated at closing, was $230,205. Pursuant to the merger agreement for the transaction, $48,500 of the purchase price was placed in an escrow account at the closing, consisting of $2,500 for any final purchase price adjustments owed by the sellers, which amount was released to the sellers on December 15, 2022, in connection with post-closing adjustments, and $46,000 for indemnification matters under the merger agreement.

The primary reason for the acquisition was to expand the Company's digital financial management solutions and the purchase was funded by our revolving line of credit (Note 6) and cash generated from operations. Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the moment of need.

Management has completed a preliminary purchase price allocation and assessment of the fair value of acquired assets and liabilities assumed. The recognized amounts of identifiable assets acquired, and liabilities assumed, based on their fair values as of August 31, 2022, and taking into account the post-closing purchase price adjustment described above, are set forth below:


Current assets	$	1,851

Identifiable intangible assets	119,868
Deferred revenue	(8,104)
Total other liabilities assumed	(749)
Total identifiable net assets	112,866
Goodwill	117,339
Net assets acquired	$	230,205

The amounts shown above include a measurement period adjustment made during the second quarter of fiscal 2023 related to a working capital adjustment. The amounts shown above may change as management continues to evaluate the income tax implications of this business combination.

The goodwill of $117,339 arising from this acquisition consists largely of the growth potential, synergies, and economies of scale expected from combining the operations of the Company with those of Payrailz, together with the value of Payrailz's assembled workforce. The goodwill from this acquisition has been allocated to our Payments segment and $117,339 is expected to be deductible for income tax purposes.

Identifiable intangible assets from this acquisition consist of customer relationships of $6,109, computer software of $112,505, and other intangible assets of $1,254. The amortization period for acquired customer relationships, computer software, and other intangible assets is over a term of 15 years, 10 years, and 15 years, respectively.

Current assets were inclusive of cash acquired of $577. The fair value of current assets acquired included accounts receivable of $978, none of which were expected to be uncollectible.

Costs incurred related to the acquisition of Payrailz during the three and nine months ended March 31, 2023, totaled $39 and $547, respectively, for administrative and professional services, travel, and other fees, and were expensed as incurred and reported within cost of revenue and selling, general, and administrative expense.

The Company's condensed consolidated statements of income for the three and nine months ended March 31, 2023, included revenue of $2,658 and $5,975, respectively, and after-tax net loss of $4,938 and $12,213, respectively, resulting from Payrailz's operations.

The accompanying condensed consolidated statements of income for the three and nine months ended March 31, 2023, and 2022, do not include any revenues and expenses related to this acquisition prior to the acquisition date. The following unaudited pro forma consolidated financial information for the nine months ended March 31, 2023, and the three and nine months ended March 31, 2022, is presented as if this acquisition had occurred at the beginning of the prior period presented. The pro forma net income includes estimated incremental amortization expense of $2,935 and $7,481 for the three and nine months ended March 31, 2022, respectively, and $1,957 for the nine months ended March 31, 2023. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that

would have been obtained if the acquisition had actually occurred during this period, or the results that may be obtained in the future as a result of the acquisition.


	Three Months Ended March 31,						Nine Months Ended March 31,
		2023	2022					2023	2022
			Actual		Pro forma					Pro forma		Pro forma
Revenue			$	508,552	$	480,444				$	1,544,696	$	1,465,568
Net Income			81,549		79,194					264,336		269,084

Reportable Segment Information (Text Block)

9 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Reportable Segment Information Disclosure [Text Block]

REPORTABLE SEGMENT INFORMATION

The Company is a provider of integrated computer systems that perform data processing (available for on-premise installations or JKHY cloud-based services) for banks and credit unions.

The Company’s operations are classified into four reportable segments: Core, Payments, Complementary, and Corporate & 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 transaction processing services, online and mobile bill pay solutions, Automated Clearing House ("ACH") origination and remote deposit capture processing, and risk management products and services. The Complementary segment provides additional software and services that can be integrated with our Core solutions, and many can be used independently. The Corporate & Other segment includes hardware revenue and costs, 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.

Immaterial adjustments have been made to reclassify revenue that was recognized for the three and nine months ended March 31, 2022, from the Complementary to the Payments and Corporate and Other segments. Immaterial adjustments were also made to reclassify cost of revenue from the Complementary to Payments segments and from the Corporate and Other to Payments segments for the three months ended March 31, 2022, and from the Complementary to the Payments and Corporate and Other segments for the nine months ended March 31, 2022. These reclasses were made to be consistent with the current allocation of revenue and cost of revenue by segment. Revenue reclassed for the three and nine months ended March 31, 2022, from Complementary to Payments was $2,971 and $8,918, respectively, and from Complementary to Corporate and Other was $918 and $3,860, respectively. Cost of revenue reclassed for the three months ended March 31, 2022, from Complementary to Payments was $1,217 and from Corporate and Other to Payments was $125. Cost of revenue reclassed for the nine months ended March 31, 2022, from Complementary to Payments was $4,095, and from Complementary to Corporate and Other was $359.


	Three Months Ended
	March 31, 2023
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	146,809	$	19,840	$	109,128	$	16,145	$	291,922
Processing	10,094		172,000		32,994		1,542		216,630
Total Revenue	156,903		191,840		142,122		17,687		508,552

Cost of Revenue	71,705		106,878		61,366		67,396		307,345
Research and Development									34,625
Selling, General, and Administrative									58,192


Total Expenses									400,162

SEGMENT INCOME	$	85,198	$	84,962	$	80,756	$	(49,709)

OPERATING INCOME									108,390

INTEREST INCOME (EXPENSE)									(2,275)

INCOME BEFORE INCOME TAXES									$	106,115


	Three Months Ended
	March 31, 2022
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	141,194	$	23,747	$	105,520	$	12,460	$	282,921
Processing	9,605		156,771		28,301		662		195,339
Total Revenue	150,799		180,518		133,821		13,122		478,260

Cost of Revenue	66,576		95,970		57,740		62,053		282,339
Research and Development									30,725
Selling, General, and Administrative									53,607


Total Expenses									366,671

SEGMENT INCOME	$	84,223	$	84,548	$	76,081	$	(48,931)

OPERATING INCOME									111,589

INTEREST INCOME (EXPENSE)									(688)

INCOME BEFORE INCOME TAXES									$	110,901



	Nine Months Ended
	March 31, 2023
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	457,483	$	57,838	$	337,656	$	49,794	$	902,771
Processing	29,934		512,029		95,113		3,222		640,298
Total Revenue	487,417		569,867		432,769		53,016		1,543,069

Cost of Revenue	212,269		316,104		179,074		202,748		910,195
Research and Development									104,179
Selling, General, and Administrative									172,205


Total Expenses									1,186,579

SEGMENT INCOME	$	275,148	$	253,763	$	253,695	$	(149,732)

OPERATING INCOME									356,490

INTEREST INCOME (EXPENSE)									(5,866)

INCOME BEFORE INCOME TAXES									$	350,624



	Nine Months Ended
	March 31, 2022
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	442,730	$	66,105	$	327,258	$	40,532	$	876,625
Processing	28,232		472,510		80,879		1,966		583,587
Total Revenue	470,962		538,615		408,137		42,498		1,460,212

Cost of Revenue	198,032		287,518		168,139		188,110		841,799
Research and Development									87,394
Selling, General, and Administrative									160,172


Total Expenses									1,089,365

SEGMENT INCOME	$	272,930	$	251,097	$	239,998	$	(145,612)

OPERATING INCOME									370,847

INTEREST INCOME (EXPENSE)									(1,371)

INCOME BEFORE INCOME TAXES									$	369,476

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.

- 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.

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+ Details

Subsequent Events Subsequent Events (Text Block)	9 Months Ended
Subsequent Events Subsequent Events (Text Block)	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTSNone.

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Consolidation	The condensed consolidated financial statements include the accounts of JKHY and all of its subsidiaries, which are wholly owned, and all intercompany accounts and transactions have been eliminated.
Allowance for Credit Losses	The Company monitors trade and other receivable balances and contract assets and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events.
Property and Equipment	Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets.
Intangible Assets	Intangible assets consist of goodwill, customer relationships, computer software, and trade names acquired in business acquisitions in addition to internally developed computer software. The amounts are amortized, with the exception of those intangible assets with an indefinite life (such as goodwill), over an estimated economic benefit period, generally 3 to 20 years.
Common Stock	The Board of Directors has authorized the Company to repurchase shares of its common stock. Under this authorization, the Company may finance its share repurchases with available cash reserves or borrowings on its existing line of credit. The share repurchase program does not include specific price targets or timetables and may be suspended at any time.
Income Taxes	Deferred tax liabilities and assets are recognized for the tax effects of differences between the financial statement and tax basis of assets and liabilities. A valuation allowance would be established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based upon the technical merits of the position. The tax benefit recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Also, interest and penalties expenses are recognized on the full amount of unrecognized benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

Fair Value Measures and Disclosures (Policies)	9 Months Ended
Fair Value Measures and Disclosures (Policies)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy Text Block]	For cash equivalents, certificates of deposit, amounts receivable or payable, and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company's estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company's own estimates of assumptions that we believe market participants would use in pricing the asset

Leases Leases (Policies)	9 Months Ended
Leases Leases (Policies)	Mar. 31, 2023
Leases [Abstract]
Lessee, Leases [Policy Text Block]	The Company determines if an arrangement is a lease at inception. The lease term begins on the commencement date, which is the date the Company takes possession of the property and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases and equipment leases. ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since the Company’s leases do not typically provide an implicit rate, the Company uses its incremental borrowing rate based upon the information available at commencement date. The determination of the incremental borrowing rate requires judgment and is determined by using the Company’s current unsecured borrowing rate, adjusted for various factors such as collateralization and term to align with the terms of the lease. The Company leases certain office space, data centers, and equipment with remaining terms of 1 to 11 years. Certain leases contain renewal options for varying periods, which are at the Company’s sole discretion. For leases where the Company is reasonably certain to exercise a renewal option, such option periods have been included in the determination of the Company’s ROU assets and lease liabilities. Certain leases require the Company to pay taxes, insurance, maintenance, and other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature. Variable lease costs are recognized as a variable lease expense when incurred.

Nature of Operations and Summary of Significant Accounting Policies- Loss on Disposal of Assets, net (Tables)

9 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Allowance for Credit Losses

The following table summarizes allowance for credit losses activity for the fiscal quarter and year-to-date periods ended March 31, 2023, and 2022:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Allowance for credit losses - beginning balance	$	8,184	$	7,733	$	7,616	$	7,267

Current provision for expected credit losses	420		360		1,380		1,200
Write-offs charged against allowance	(444)		(381)		(834)		(754)
Recoveries of amounts previously written off	—		—		(2)		(1)

Allowance for credit losses - ending balance	$	8,160	$	7,712	$	8,160	$	7,712

Revenue and Deferred Costs Revenue and Deferred Costs (Tables)

9 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Private and Public Cloud	$	158,228	$	142,808	$	460,357	$	416,791
Product Delivery and Services	56,372		62,349		172,489		193,363
On-Premise Support	77,322		77,764		269,925		266,471
Services & Support	291,922		282,921		902,771		876,625

Processing	216,630		195,339		640,298		583,587

Total Revenue	$	508,552	$	478,260	$	1,543,069	$	1,460,212

Contract with Customer, Asset and Liability [Table Text Block]

Contract Balances

The following table provides information about contract assets and contract liabilities from contracts with customers.


	March 31, 2023		June 30, 2022
Receivables, net	$	238,364	$	348,072
Contract Assets - Current	23,933		24,447
Contract Assets - Non-current	71,799		68,261
Contract Liabilities (Deferred Revenue) - Current	156,761		330,687
Contract Liabilities (Deferred Revenue) - Non-current	69,385		71,485

Fair Value Measures and Disclosures (Tables)

9 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Recurring Fair Value Measurements[Table Text Block]

Fair value of financial assets included in current assets is as follows:


	Estimated Fair Value Measurements						Total Fair
	Level 1		Level 2		Level 3		Value
March 31, 2023
Financial Assets:

Certificates of Deposit	$	—	$	2,213	$	—	$	2,213
Financial Liabilities:
Revolving credit facility	$	—	$	375,000	$	—	$	375,000
June 30, 2022
Financial Assets:
Certificates of Deposit	$	—	$	1,212	$	—	$	1,212

Financial Liabilities:
Revolving credit facility	$	—	$	115,000	$	—	$	115,000

Leases Leases (Tables)

9 Months Ended

Mar. 31, 2023

Leases [Abstract]

Maturity of Lease Liabilities Under ASC 842 [Table Text Block]

Maturity of Lease Liabilities under ASC 842

Future minimum rental payments on operating leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2023*:


Due Dates (fiscal year)	Future Minimum Rental Payments

2023 (remaining period)	$	2,833
2024	10,716
2025	7,973
2026	7,068
2027	6,276
Thereafter	14,296
Total lease payments	$	49,162
Less: interest	(4,068)
Present value of lease liabilities	$	45,094

*Financing leases were immaterial to the quarter, so a maturity of lease liabilities table has only been included for operating leases.

Stock Based Compensation (Tables)

9 Months Ended

Mar. 31, 2023

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Option, Activity [Table Text Block]

A summary of option plan activity under this plan is as follows:


	Number of Shares	Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding July 1, 2022	12	$	87.27
Granted	—	—
Forfeited	—	—
Exercised	—	—
Outstanding March 31, 2023	12	$	87.27	$	741
Vested and Expected to Vest March 31, 2023	12	$	87.27	$	741
Exercisable March 31, 2023	12	$	87.27	$	741

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

The following table summarizes non-vested restricted stock unit awards as of March 31, 2023:


Unit awards	Units	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding July 1, 2022	303	$	166.50
Granted	136	214.91
Vested	(116)	158.37
Forfeited	(14)	186.82
Outstanding March 31, 2023	309	$	189.92	$	46,546

Schedule Of Share Based Payment Award RSU Valuation Assumptions [Table Text Block]

The Monte Carlo inputs used in the model to estimate fair value at the measurement date and resulting values for these performance unit awards are as follows.



Monte Carlo award inputs:	Fiscal 2023
Compensation Peer Group:
Volatility	29.4	%
Risk free interest rate	2.96	%
Annual dividend based on most recent quarterly dividend	$1.96
Dividend yield	0.94	%
Beginning average percentile rank for TSR	71.0	%

Earnings Per Share Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2023

Earnings Per Share, Basic and Diluted [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table reflects the reconciliation between basic and diluted earnings per share.


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Net Income	$	81,549	$	84,707	$	268,873	$	282,490
Common share information:
Weighted average shares outstanding for basic earnings per share	72,935		72,835		72,931		73,477
Dilutive effect of stock options and restricted stock units	139		184		188		142
Weighted average shares outstanding for diluted earnings per share	73,074		73,019		73,119		73,619
Basic earnings per share	$	1.12	$	1.16	$	3.69	$	3.84
Diluted earnings per share	$	1.12	$	1.16	$	3.68	$	3.84

Business Acquisitions (Tables) - Payrailz [Member]

9 Months Ended

Mar. 31, 2023

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]


Current assets	$	1,851

Identifiable intangible assets	119,868
Deferred revenue	(8,104)
Total other liabilities assumed	(749)
Total identifiable net assets	112,866
Goodwill	117,339
Net assets acquired	$	230,205

Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated financial information for the nine months ended March 31, 2023, and the three and nine months ended March 31, 2022, is presented as if this acquisition had occurred at the beginning of the prior period presented. The pro forma net income includes estimated incremental amortization expense of $2,935 and $7,481 for the three and nine months ended March 31, 2022, respectively, and $1,957 for the nine months ended March 31, 2023. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that

would have been obtained if the acquisition had actually occurred during this period, or the results that may be obtained in the future as a result of the acquisition.


	Three Months Ended March 31,						Nine Months Ended March 31,
		2023	2022					2023	2022
			Actual		Pro forma					Pro forma		Pro forma
Revenue			$	508,552	$	480,444				$	1,544,696	$	1,465,568
Net Income			81,549		79,194					264,336		269,084

Reportable Segment Information (Tables)

9 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]


	Three Months Ended
	March 31, 2023
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	146,809	$	19,840	$	109,128	$	16,145	$	291,922
Processing	10,094		172,000		32,994		1,542		216,630
Total Revenue	156,903		191,840		142,122		17,687		508,552

Cost of Revenue	71,705		106,878		61,366		67,396		307,345
Research and Development									34,625
Selling, General, and Administrative									58,192


Total Expenses									400,162

SEGMENT INCOME	$	85,198	$	84,962	$	80,756	$	(49,709)

OPERATING INCOME									108,390

INTEREST INCOME (EXPENSE)									(2,275)

INCOME BEFORE INCOME TAXES									$	106,115


	Three Months Ended
	March 31, 2022
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	141,194	$	23,747	$	105,520	$	12,460	$	282,921
Processing	9,605		156,771		28,301		662		195,339
Total Revenue	150,799		180,518		133,821		13,122		478,260

Cost of Revenue	66,576		95,970		57,740		62,053		282,339
Research and Development									30,725
Selling, General, and Administrative									53,607


Total Expenses									366,671

SEGMENT INCOME	$	84,223	$	84,548	$	76,081	$	(48,931)

OPERATING INCOME									111,589

INTEREST INCOME (EXPENSE)									(688)

INCOME BEFORE INCOME TAXES									$	110,901



	Nine Months Ended
	March 31, 2023
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	457,483	$	57,838	$	337,656	$	49,794	$	902,771
Processing	29,934		512,029		95,113		3,222		640,298
Total Revenue	487,417		569,867		432,769		53,016		1,543,069

Cost of Revenue	212,269		316,104		179,074		202,748		910,195
Research and Development									104,179
Selling, General, and Administrative									172,205


Total Expenses									1,186,579

SEGMENT INCOME	$	275,148	$	253,763	$	253,695	$	(149,732)

OPERATING INCOME									356,490

INTEREST INCOME (EXPENSE)									(5,866)

INCOME BEFORE INCOME TAXES									$	350,624



	Nine Months Ended
	March 31, 2022
	Core		Payments		Complementary		Corporate & Other		Total
REVENUE
Services and Support	$	442,730	$	66,105	$	327,258	$	40,532	$	876,625
Processing	28,232		472,510		80,879		1,966		583,587
Total Revenue	470,962		538,615		408,137		42,498		1,460,212

Cost of Revenue	198,032		287,518		168,139		188,110		841,799
Research and Development									87,394
Selling, General, and Administrative									160,172


Total Expenses									1,089,365

SEGMENT INCOME	$	272,930	$	251,097	$	239,998	$	(145,612)

OPERATING INCOME									370,847

INTEREST INCOME (EXPENSE)									(1,371)

INCOME BEFORE INCOME TAXES									$	369,476

Nature of Operations and Summary of Significant Accounting Policies (Details)	Mar. 31, 2023 client
Accounting Policies [Abstract]
Entity number of customers	7,700

Nature of Operations and Summary of Significant Accounting Policies Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses- beginning balance	$ 8,184	$ 7,733	$ 7,616	$ 7,267
Current provision for expected credit losses	420	360	1,380	1,200
Write-offs charged against allowance	(444)	(381)	(834)	(754)
Recoveries of amounts previously written off	0	0	(2)	(1)
Allowance for credit losses- ending balance	$ 8,160	$ 7,712	$ 8,160	$ 7,712

Nature of Operations and Summary of Significant Accounting Policies Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Accumulated Depreciation, Property and Equipment	$ 468,650	$ 454,879

Nature of Operations and Summary of Significant Accounting Policies Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets, Accumulated Amortization	$ 1,114,890	$ 1,030,800
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years

Nature of Operations and Summary of Significant Accounting Policies Purchase of Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Automated Bookkeeping, Inc. [Member] \| Preferred Stock [Member]
Investment Owned, at Cost	$ 18,250	$ 18,250

Nature of Operations and Summary of Significant Accounting Policies Treasury Stock (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Class of Stock Disclosures [Abstract]
Treasury Stock, Common, Shares	31,194,351		31,042,903
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	3,796,000		3,948,000
Treasury Stock, Value	$ 1,832,118		$ 1,807,118
Treasury Stock, Shares, Acquired	151,000	1,250,000

Revenue and Deferred Costs Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 508,552	$ 478,260	$ 1,543,069	$ 1,460,212
Private & Public Cloud
Disaggregation of Revenue [Line Items]
Revenue	158,228	142,808	460,357	416,791
Product Delivery & Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	56,372	62,349	172,489	193,363
On-Premise Support
Disaggregation of Revenue [Line Items]
Revenue	77,322	77,764	269,925	266,471
Services & Support [Member]
Disaggregation of Revenue [Line Items]
Revenue	291,922	282,921	902,771	876,625
Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 216,630	$ 195,339	$ 640,298	$ 583,587

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue and Deferred Costs Contract Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Receivables, net	$ 238,364	$ 348,072
Contract Assets- Current	23,933	24,447
Contract Asset- Non-current	71,799	68,261
Contract Liabilities (Deferred Revenue)- Current	156,761	330,687
Contract Liabilities (Deferred Revenue)- Non- current	$ 69,385	$ 71,485

Revenue and Deferred Costs Revenue Recognition Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning deferred balance	$ 83,179	$ 92,147	$ 215,263	$ 225,424
Future revenue related to unsatisfied performance obligations	$ 5,884,965		$ 5,884,965
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future revenue related to unsatisfied performance obligations, expected percentage to be recognized for given time frame	25.00%		25.00%
Future revenue related to unsatisfied performance obligations, expected timing	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future revenue related to unsatisfied performance obligations, expected percentage to be recognized for given time frame	20.00%		20.00%
Future revenue related to unsatisfied performance obligations, expected timing	12 months		12 months

Revenue and Deferred Costs Contract Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Capitalized Contract Cost	$ 417,407		$ 417,407		$ 380,095
Amortization of deferred contract costs	$ 37,381	$ 31,444	$ 114,222	$ 99,441

Fair Value Measures and Disclosures (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	$ 2,213	$ 1,212
Certificates of Deposit \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	0	0
Certificates of Deposit \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	2,213	1,212
Certificates of Deposit \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	0	0
Revolving Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revolving Credit Facility	375,000	115,000
Revolving Credit Facility [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revolving Credit Facility	0	0
Revolving Credit Facility [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revolving Credit Facility	375,000	115,000
Revolving Credit Facility [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revolving Credit Facility	$ 0	$ 0

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Operating Lease, Right-of-Use Asset	$ 40,867		$ 40,867		$ 46,869
Finance Lease, Right-of-Use Asset	1		1		65
Present value of operating lease liabilities	45,094		45,094		51,452
Operating Lease, Liability, Current	9,548		9,548		10,681
Operating Lease, Liability, Noncurrent	35,546		35,546		40,771
Finance Lease, Liability, Current	1		1		67
Accumulated Amortization Operating Lease Right-of-use asset	36,611		36,611		31,006
Accumulated Amortization Finance Lease Right-of-use asset	310		310		$ 255
Operating Lease, Cost	2,903	$ 3,182	8,991	$ 9,942
Finance Lease, Cost	15	25	56	80
Variable Lease, Cost	$ 851	$ 640	2,741	1,480
Operating Lease, Payments			9,230	9,947
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			2,354	1,985
Finance Lease, Interest Payment on Liability			$ 59	$ 83
Operating Lease, Weighted Average Remaining Lease Term	71 months		71 months		76 months
Operating Lease, Weighted Average Discount Rate, Percent	2.59%		2.59%		2.58%
Finance Lease, Weighted Average Remaining Lease Term	1 month		1 month		9 months
Finance Lease, Weighted Average Discount Rate, Percent	1.68%		1.68%		2.29%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets		Other non-current assets		Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses		Accrued expenses		Accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities		Other long-term liabilities		Other long-term liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	PROPERTY AND EQUIPMENT, net		PROPERTY AND EQUIPMENT, net		PROPERTY AND EQUIPMENT, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Notes payable and current maturities of long-term debt		Notes payable and current maturities of long-term debt		Notes payable and current maturities of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]					Debt, net of current maturities
Minimum [Member]
Remaining lease terms	1 year		1 year
Maximum [Member]
Remaining lease terms	11 years		11 years

Leases Lease Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
2023 (remaining period)	$ 2,833
2024	10,716
2025	7,973
2026	7,068
2027	6,276
Thereafter	14,296
Total lease payments	49,162
Less: interest	(4,068)
Present value of operating lease liabilities	45,094	$ 51,452
Operating Lease Liability Option To Extend Amounts	5,464
Commitments [Member]
Lessee, lease not yet commenced, future minimum payments due	$ 6,128

Debt Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
Debt Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Debt Instrument [Line Items]
Interest paid	$ 6,871	$ 1,235
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Loan, Unused Borrowing Capacity	$ 5,000
Unsecured Loan, Maturity Date	Apr. 30, 2024
Unsecured Loan, Amount Outstanding	$ 0		$ 0
Line of Credit [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving Credit Facility, Current Borrowing Capacity	600,000		300,000
Revolving Credit Facility, Maximum Borrowing Capacity	$ 1,000,000		700,000
Revolving Credit Facility, Expiration Date	Aug. 31, 2027	Feb. 10, 2025
Long-term Debt	$ 375,000		$ 115,000
Fed Funds Effective Rate Overnight Index Swap Rate [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	0.50%	0.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.00%
Eurocurrency rate [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.00%
Prime Rate [Member] \| Unsecured Debt [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.00%

Income Taxes Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Effective Tax Rate	23.20%	23.60%	23.30%	23.50%
Income Taxes Paid, Net			$ 103,251	$ 44,245
Unrecognized Tax Benefits	$ 10,905		10,905
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	9,702		9,702
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	1,635	$ 1,542	1,635	$ 1,542
Minimum [Member]
Expiration of statutes of limitations impact on UTB balance	1,500		1,500
Maximum [Member]
Expiration of statutes of limitations impact on UTB balance	$ 3,500		$ 3,500

Stock Based Compensation Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense for stock-based compensation	$ 6,915	$ 6,276	$ 21,459	$ 19,303
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense not yet recognized, stock options	0		$ 0
Weighted average remaining contractual term, stock options			3 years 3 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense yet to be recognized	$ 26,880		$ 26,880
Compensation expense yet to be recognized, period for recognition			1 year 2 months 26 days
Granted, number of shares			136
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			46
2015 EIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	3,000		3,000
2015 EIP [Member] \| Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period			3 years
Termination period after termination of employment			90 days
Termination period after death			1 year
Termination after grant date			10 years
Fair value on grant date less PV of dividends [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			90
Fair value on grant date less PV of dividends [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			17
Fair value under Monte Carlo [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			25
Other valuation approach [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			4

Stock Based Compensation Stock Options (Details) - Share-based Payment Arrangement, Option [Member] $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, period start, number of shares \| shares	12
Granted, number of shares \| shares	0
Forfeited, number of shares \| shares	0
Exercised, number of shares \| shares	0
Outstanding, period end, number of shares \| shares	12
Outstanding, period start, weighted average exercise price \| $ / shares	$ 87.27
Granted, weighted average exercise price \| $ / shares	0
Forfeited, weighted average exercise price \| $ / shares	0
Exercised, weighted average exercise price \| $ / shares	0
Outstanding, period end, weighted average exercise price \| $ / shares	$ 87.27
Outstanding, period end, intrinsic value \| $	$ 741
Vested and expected to vest, period end, number of shares \| shares	12
Vested and expected to vest, period end, weighted average exercise price \| $ / shares	$ 87.27
Vested and expected to vest, period end, intrinsic value \| $	$ 741
Exercisable, period end, number of shares \| shares	12
Exercisable, period end, weighted average exercise price \| $ / shares	$ 87.27
Exercisable, period end, intrinsic value \| $	$ 741

Stock Based Compensation Restricted Stock Unit Awards (Details) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, period start, number of shares \| shares	303
Granted, number of shares \| shares	136
Vested, number of shares \| shares	(116)
Forfeited, number of shares \| shares	(14)
Outstanding, period end, number of shares \| shares	309
Outstanding, period start, weighted average grant date fair value \| $ / shares	$ 166.50
Granted, weighted average grant date fair value \| $ / shares	214.91
Vested, weighted average grant date fair value \| $ / shares	158.37
Forfeited, weighted average grant date fair value \| $ / shares	186.82
Outstanding, period end, weighted average grant date fair value \| $ / shares	$ 189.92
Restricted Stock Units, Aggregate Intrinsic Value, Outstanding \| $	$ 46,546

Stock Based Compensation RSU Measurement Date Assumptions (Details) - Compensation Peer Group [Member] - Performance Shares [Member] - USD ($)	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Volatility	29.40%
Risk free interest rate	2.96%
Annual dividend based on most recent quarterly dividend	$ 1.96
Dividend yield	0.94%
Beginning average percentile rank for TSR		71.00%

Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share, Basic and Diluted [Abstract]
Net Income	$ 81,549	$ 84,707	$ 268,873	$ 282,490
Common share information:
Weighted average shares outstanding for basic earnings per share	72,935	72,835	72,931	73,477
Dilutive effect of stock options and restricted stock units	139	184	188	142
Weighted average shares outstanding for diluted earnings per share	73,074	73,019	73,119	73,619
Basic earnings per share	$ 1.12	$ 1.16	$ 3.69	$ 3.84
Diluted earnings per share	$ 1.12	$ 1.16	$ 3.68	$ 3.84
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	10

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Business Acquisitions (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
Business Acquisitions (Details) - USD ($) $ in Thousands	Aug. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
REVENUE		$ 508,552	$ 478,260	$ 1,543,069	$ 1,460,212
Net Income		81,549	84,707	268,873	282,490
Payrailz [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Aug. 31, 2022
Payments to Acquire Businesses, Gross	$ 230,205
Escrow deposit related to acquisition	48,500
Escrow deposit - final purchase price adjustment	2,500
Escrow deposit - indemnification matters	46,000
Current assets	1,851
Identifiable intangible assets	119,868
Deferred revenue	(8,104)
Total other liabilities assumed	(749)
Total identifiable net assets	112,866
Net assets acquired	230,205
Cash Acquired from Acquisition	577
Acquired Receivable, Fair Value	978
Acquired Receivables, Estimated Uncollectible	0
Acquired Receivables, Gross Contractual Amount	978
Business Combination, Acquisition Related Costs		39		547
Revenue of Acquiree since Acquisition Date, Actual		2,658		5,975
Earnings or Loss of Acquiree since Acquisition Date, Actual		(4,938)		(12,213)
Acquisition, amortization expense included in pro forma net income			2,935	1,957	7,481
Business Acquisition, Pro Forma Revenue			480,444	1,544,696	1,465,568
Business Acquisition, Pro Forma Net Income (Loss)			79,194	264,336	269,084
Customer Relationships [Member] \| Payrailz [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 6,109
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Computer Software, Intangible Asset [Member] \| Payrailz [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 112,505
Identifiable Intangible Assets, Weighted Average Useful Life	10 years
Other Intangible Assets [Member] \| Payrailz [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 1,254
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Payments [Member]
Business Acquisition [Line Items]
REVENUE		$ 191,840	$ 180,518	$ 569,867	$ 538,615
Payments [Member] \| Payrailz [Member]
Business Acquisition [Line Items]
Acquisition goodwill expected to be tax deductible	$ 117,339

Reportable Segment Information Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2023 USD ($) segment
Segment Reporting [Abstract]
Number of Reportable Segments \| segment		4
Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Complementary to Payments	$ 2,971	$ 8,918
Reclassification of Cost from Complementary to Payments	1,217	4,095
Reclassification of Cost From Corporate and Other to Payments	125
Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Complementary to Payments	(2,971)	(8,918)
Reclassification of Revenue from Complementary to Corporate and Other	(918)	(3,860)
Reclassification of Cost from Complementary to Payments	(1,217)	(4,095)
Reclassification of Cost from Complementary to Corporate and Other		(359)
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Complementary to Corporate and Other	918	3,860
Reclassification of Cost From Corporate and Other to Payments	$ (125)
Reclassification of Cost from Complementary to Corporate and Other		$ 359

Reportable Segment Information Reconciliation of Operating Profit by Segment to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 508,552	$ 478,260	$ 1,543,069	$ 1,460,212
Cost of Revenue	307,345	282,339	910,195	841,799
Research and Development	34,625	30,725	104,179	87,394
Selling, General and Administrative	58,192	53,607	172,205	160,172
Total Expenses	400,162	366,671	1,186,579	1,089,365
OPERATING INCOME	108,390	111,589	356,490	370,847
INTEREST INCOME (EXPENSE)	(2,275)	(688)	(5,866)	(1,371)
INCOME BEFORE INCOME TAXES	106,115	110,901	350,624	369,476
Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	156,903	150,799	487,417	470,962
Cost of Revenue	71,705	66,576	212,269	198,032
SEGMENT INCOME	85,198	84,223	275,148	272,930
Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	191,840	180,518	569,867	538,615
Cost of Revenue	106,878	95,970	316,104	287,518
SEGMENT INCOME	84,962	84,548	253,763	251,097
Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	142,122	133,821	432,769	408,137
Cost of Revenue	61,366	57,740	179,074	168,139
SEGMENT INCOME	80,756	76,081	253,695	239,998
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	17,687	13,122	53,016	42,498
Cost of Revenue	67,396	62,053	202,748	188,110
SEGMENT INCOME	(49,709)	(48,931)	(149,732)	(145,612)
Services & Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	291,922	282,921	902,771	876,625
Services & Support [Member] \| Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	146,809	141,194	457,483	442,730
Services & Support [Member] \| Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	19,840	23,747	57,838	66,105
Services & Support [Member] \| Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	109,128	105,520	337,656	327,258
Services & Support [Member] \| Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	16,145	12,460	49,794	40,532
Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	216,630	195,339	640,298	583,587
Processing [Member] \| Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	10,094	9,605	29,934	28,232
Processing [Member] \| Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	172,000	156,771	512,029	472,510
Processing [Member] \| Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	32,994	28,301	95,113	80,879
Processing [Member] \| Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 1,542	$ 662	$ 3,222	$ 1,966

Stock Based Compensation Stock Options (Details) - Share-based Payment Arrangement, Option [Member] $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, period start, number of shares \| shares	12
Granted, number of shares \| shares	0
Forfeited, number of shares \| shares	0
Exercised, number of shares \| shares	0
Outstanding, period end, number of shares \| shares	12
Outstanding, period start, weighted average exercise price \| $ / shares	$ 87.27
Granted, weighted average exercise price \| $ / shares	0
Forfeited, weighted average exercise price \| $ / shares	0
Exercised, weighted average exercise price \| $ / shares	0
Outstanding, period end, weighted average exercise price \| $ / shares	$ 87.27
Outstanding, period end, intrinsic value \| $	$ 741
Vested and expected to vest, period end, number of shares \| shares	12
Vested and expected to vest, period end, weighted average exercise price \| $ / shares	$ 87.27
Vested and expected to vest, period end, intrinsic value \| $	$ 741
Exercisable, period end, number of shares \| shares	12
Exercisable, period end, weighted average exercise price \| $ / shares	$ 87.27
Exercisable, period end, intrinsic value \| $	$ 741