Jack Henry & Associates (JKHY) 10-Q 25 Jun 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2014	Jun. 22, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	HENRY JACK & ASSOCIATES INC
Entity Central Index Key	779,152
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		80,992,682
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	No

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 30, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 49,332	$ 70,377
Receivables, net	147,890	224,041
Income tax receivable	2,106	7,937
Prepaid expenses and other	73,691	61,074
Deferred costs	33,762	27,077
Total current assets	306,781	390,506
PROPERTY AND EQUIPMENT, net	295,483	291,675
OTHER ASSETS:
Non-current deferred costs	88,834	78,458
Computer software, net of amortization	173,694	160,391
Other non-current assets	46,411	44,657
Customer Relationships, Net of Amortization	129,183	136,602
Other Intangible Assets, Net of Amortization	30,219	25,653
Goodwill	550,366	552,761
Total other assets	1,018,707	998,522
Total assets	1,620,971	1,680,703
CURRENT LIABILITIES:
Accounts payable	7,889	10,516
Accrued expenses	63,882	63,299
Accrued income taxes	438	0
Deferred income tax liability	20,223	30,094
Notes payable and current maturities of long term debt	77,888	5,407
Deferred revenues	234,939	337,493
Total current liabilities	405,259	446,809
LONG TERM LIABILITIES:
Non-current deferred revenues	178,142	155,375
Non-current deferred income tax liability	103,066	97,720
Debt, net of current maturities	923	3,729
Other long-term liabilities	11,519	9,683
Total long term liabilities	293,650	266,507
Total liabilities	698,909	713,316
STOCKHOLDERS' EQUITY
Preferred stock - $1 par value; 500,000 shares authorized, none issued	0	0
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,635,606 shares issued at December 31, 2014; 102,429,926 shares issued at June 30, 2014	1,026	1,024
Additional paid-in capital	415,982	412,512
Retained earnings	1,195,638	1,131,632
Less treasury stock at cost; 21,692,532 shares at December 31, 2014; 19,794,559 shares at June 30, 2014	(690,584)	(577,781)
Total stockholders' equity	922,062	967,387
Total liabilities and equity	$ 1,620,971	$ 1,680,703

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Dec. 31, 2014	Jun. 30, 2014
Preferred stock, par value	$ 1	$ 1
Preferred stock, authorized shares	500,000	500,000
Preferred stock, issued shares	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	250,000,000	250,000,000
Common stock, issued shares	102,635,606	102,429,926
Treasury Stock, Shares	21,692,532	19,794,559

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - Scenario, Unspecified [Domain] - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
REVENUE
License	$ 491	$ 246	$ 994	$ 1,007
Support and service	296,905	273,242	585,121	535,872
Hardware	13,898	15,356	26,652	29,694
Total revenue	311,294	288,844	612,767	566,573
COST OF SALES
Cost of license	308	188	717	533
Cost of support and service	170,377	154,769	335,467	303,925
Cost of hardware	9,574	10,867	18,959	21,808
Total cost of sales	180,259	165,824	355,143	326,266
GROSS PROFIT	131,035	123,020	257,624	240,307
OPERATING EXPENSES
Selling and marketing	22,175	20,503	43,838	41,240
Research and development	17,681	16,142	34,472	31,814
General and administrative	11,514	12,132	28,025	26,382
Total operating expenses	51,370	48,777	106,335	99,436
OPERATING INCOME	79,665	74,243	151,289	140,871
INTEREST INCOME (EXPENSE)
Interest income	28	129	85	260
Interest expense	(337)	(267)	(603)	(546)
Total interest income (expense)	(309)	(138)	(518)	(286)
INCOME BEFORE INCOME TAXES	79,356	74,105	150,771	140,585
PROVISION FOR INCOME TAXES	25,474	25,744	50,802	49,002
NET INCOME	$ 53,882	$ 48,361	$ 99,969	$ 91,583
Earnings Per Share
Diluted earnings per share	$ 0.66	$ 0.56	$ 1.22	$ 1.07
Diluted weighted average shares outstanding	81,634	85,986	82,112	85,920
Basic earnings per share	$ 0.66	$ 0.57	$ 1.22	$ 1.07
Basic weighted average shares outstanding	81,432	85,450	81,813	85,372

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 99,969	$ 91,583
Adjustments to reconcile net income from operations to net cash from operating activities:
Depreciation	27,471	26,153
Amortization	31,945	25,969
Change in deferred income taxes	(4,527)	(3,889)
Excess tax benefits from stock-based compensation, Operating Activities	(4,006)	(3,152)
Expense for stock-based compensation	4,583	4,541
Gain/loss on disposal of assets	(5,315)	(52)
Changes in operating assets and liabilities:
Change in receivables	76,151	94,694
Change in prepaid expenses, deferred costs and other	(31,555)	(26,340)
Change in accounts payable	(2,627)	(970)
Change in accrued expenses	1,263	(16,200)
Change in income taxes	11,878	11,660
Change in deferred revenues	(78,332)	(72,681)
Net cash from operating activities	126,898	131,316
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(27,389)	(21,866)
Proceeds from sale of assets	8,242	2,809
Internal use software	(7,432)	(6,980)
Computer software developed	(36,820)	(29,015)
Net cash from investing activities	(63,399)	(55,052)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities	70,000	0
Repayments on credit facilities	(4,669)	(13,630)
Purchase of treasury stock	(112,803)	0
Dividends paid	(35,961)	(34,146)
Excess tax benefits from stock-based compensation, Financing Activities	4,006	3,152
Proceeds from issuance of common stock upon exercise of stock options	402	221
Minimum tax withholding payments related to option exercises	(7,680)	(6,239)
Proceeds from sale of common stock, net	2,161	1,974
Net cash from financing activities	(84,544)	(48,668)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(21,045)	27,596
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	70,377	127,905
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 49,332	$ 155,501

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies (Text Block)	6 Months Ended
	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies [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 (“JHA” or the “Company”) is a provider of integrated computer systems and services that has developed and acquired a number of banking and credit union software systems. The Company's revenues are predominately earned by marketing those systems to financial institutions nationwide together with computer equipment (hardware), by providing the conversion and software implementation services for financial institutions to utilize JHA software systems, and by providing other related services. JHA also provides continuing support and services to customers using in-house or outsourced systems. CONSOLIDATION The condensed consolidated financial statements include the accounts of JHA 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 six months ended December 31, 2014 and 2013 equals the Company’s net income. 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 short-term borrowings on its existing credit facilities. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. At December 31, 2014 , there were 21,693 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,298 additional shares. The total cost of treasury shares at December 31, 2014 is $690,584 . During the first six months of fiscal 2015 , the Company repurchased 1,898 treasury shares for $112,803 . At June 30, 2014 , there were 19,795 shares in treasury stock and the Company had authority to repurchase up to 5,196 additional shares. Dividends declared per share were $0.22 and $0.20 for the three months ended December 31, 2014 and 2013 , respectively. Dividends declared per share were $0.44 and $0.40 for the six months ended December 31, 2014 and 2013 , respectively. 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 and in accordance with accounting principles generally accepted in the United States of America 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/A (“Form 10-K/A”) for the fiscal year ended June 30, 2014 . 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/A for the fiscal year ended June 30, 2014 . 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 present fairly the financial position of the Company as of December 31, 2014 , the results of its operations for the three and six months ended December 31, 2014 and 2013 , and its cash flows for the six months ended December 31, 2014 and 2013 . The results of operations for the period ended December 31, 2014 are not necessarily indicative of the results to be expected for the entire year. LITIGATION We are subject to various routine legal proceedings and claims, including the following: In May 2013 a patent infringement lawsuit entitled DataTreasury Corporation v. Jack Henry & Associates, Inc. et. al . was filed against the Company, several subsidiaries and a number of customer financial institutions in the US District Court for the Eastern District of Texas. The complaint seeks damages, interest, injunctive relief, and attorneys' fees for the alleged infringement of two patents, as well as trebling of damage awards for alleged willful infringement. We believe we have strong defenses and have defended the lawsuit vigorously. A part of that defense has been the filing of challenges to the validity of plaintiff's patents in post-grant proceedings at the Patent Trial and Appeal Board ("PTAB") of the U.S. Patent and Trademark Office. On April 29, 2015, the PTAB issued decisions holding that all claims of the plaintiff's patents at issue in the lawsuit are unpatentable and invalid. DataTreasury has moved for rehearing of the PTAB decision. At this stage, we cannot make a reasonable estimate of possible loss or range of loss, if any, arising from this lawsuit.

Fair Value of Financial Instrum

Fair Value of Financial Instruments Fair Value of Financial Instruments (Text Block)	6 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, 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 fair value of long term debt also approximates carrying value as estimated using discounted cash flows based on the Company’s current incremental borrowing rates or quoted prices in active markets. 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 cash and cash equivalents, is as follows: Estimated Fair Value Measurements Total Fair Level 1 Level 2 Level 3 Value December 31, 2014 Financial Assets: Money market funds $ 20,923 $ — $ — $ 20,923 June 30, 2014 Financial Assets: Money market funds $ 28,877 $ — $ — $ 28,877

Recent Accounting Pronouncement

Recent Accounting Pronouncements Recent Accounting Pronouncements (Text Block)	6 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements [Text Block]	RECENT ACCOUNTING PRONOUNCEMENT The Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers in May 2014. The new standard will supersede much of the existing authoritative literature for revenue recognition. On April 1, 2015, the FASB voted to defer the effective date of the new standard by one year. If a final standard is issued and remains consistent with the FASB's April 1, 2015 vote, the standard and related amendments will be effective for the Company for its annual reporting period beginning July 1, 2018, including interim periods within that reporting period. Along with the deferral of the effective date, the FASB also voted to allow early application as of the original effective date. Entities are allowed to transition to the new standard by either recasting prior periods or recognizing the cumulative effect. The Company is currently evaluating the newly issued guidance, including which transition approach will be applied and the estimated impact it will have on our consolidated financial statements. In April 2015, the FASB also issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability (same treatment as debt discounts). ASU 2015-3 is effective for the company in fiscal year ended June 30, 2017. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company will adopt these changes for the fiscal year ended June 30, 2017.

Debt (Text Block)

Debt (Text Block)	6 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt and Capital Leases Disclosures [Text Block]	DEBT The Company’s outstanding long and short term debt is as follows: December 31, June 30, 2014 2014 LONG TERM DEBT Capital leases $ 6,524 $ 7,757 6,524 7,757 Less current maturities 5,601 4,028 Debt, net of current maturities $ 923 $ 3,729 SHORT TERM DEBT Revolving credit facility $ 70,000 $ — Capital leases 2,287 1,379 Current maturities of long-term debt 5,601 4,028 Notes payable and current maturities of long term debt $ 77,888 $ 5,407 Capital leases The Company has entered into various capital lease obligations for the use of certain computer equipment. $6,524 of long term capital lease obligations remains outstanding at December 31, 2014 , of which $5,601 will be maturing within the next twelve months. The Company also has short term capital lease obligations totaling $2,287 at December 31, 2014 . Revolving credit facility The revolving credit facility in effect at December 31, 2014 allowed for borrowings of up to $150,000 , which could be increased by the Company at any time until maturity to $250,000 . The credit facility bore interest at a variable rate equal to (a) a rate based on LIBOR or (b) an alternate base rate (the greater of (a) the Federal Funds Rate plus 0.5% , (b) the Prime Rate or (c) LIBOR plus 1.0% ), plus an applicable percentage in each case determined by the Company's leverage ratio. The credit facility was secured by pledges of capital stock of certain subsidiaries of the Company and also guaranteed by certain subsidiaries of the Company. The credit facility was subject to various financial covenants that require the Company to maintain certain financial ratios as defined in the agreement. As of December 31, 2014 , the Company was in compliance with all such covenants. The revolving loan was due to terminate June 4, 2015 . At December 31, 2014 , the outstanding revolving loan balance was $70,000 . This revolving credit facility was subsequently replaced by a new revolving credit facility (See Note 10). Other lines of credit The Company renewed an unsecured bank credit line on March 3, 2014 which provides for funding of up to $5,000 and bears interest at the prime rate less 1% . The credit line was renewed through April 30, 2017 . At December 31, 2014 , no amount was outstanding. Interest The Company paid interest of $415 and $301 during the six months ended December 31, 2014 and 2013 , respectively. Property and Equipment Property and equipment included $3,897 and $7,198 in accrued liabilities or acquired via capital lease at December 31, 2014 and 2013 , respectively. These amounts were excluded from capital expenditures on the statement of cash flows.

Income Taxes (Text Block)

Income Taxes (Text Block)	6 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES The effective tax rate of 32.1% of income before income taxes for the quarter ended December 31, 2014 is lower than 34.7% for the same quarter in fiscal 2014 primarily due to the effect of the Research and Experimentation Credit (“R&E Credit”) which was retroactively extended in December 2014. The Company paid income taxes of $43,450 and $41,233 in the six months ended December 31, 2014 and 2013 , respectively. At December 31, 2014 , the Company had $9,099 of gross unrecognized tax benefits, $6,405 of which, if recognized, would affect our effective tax rate. We had accrued interest and penalties of $1,652 and $722 related to uncertain tax positions at December 31, 2014 and 2013 , respectively. The U.S. federal and state income tax returns for June 30, 2011 and all subsequent years remain subject to examination as of December 31, 2014 under statute of limitations rules. We anticipate potential changes could reduce the unrecognized tax benefits balance by $2,000 - $3,000 within twelve months of December 31, 2014 .

Stock Based Compensation (Text

Stock Based Compensation (Text Block)	6 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	STOCK-BASED COMPENSATION For the three months ended December 31, 2014 and 2013 , there was $2,516 and $2,619 of equity-based compensation costs, respectively. Our pre-tax operating income for the six months ended December 31, 2014 and 2013 , includes $4,583 and $4,541 of equity-based compensation costs, respectively. 2005 NSOP and 1996 SOP The Company previously issued options to employees under the 1996 Stock Option Plan (“1996 SOP”) and to outside directors under the 2005 Non-Qualified Stock Option Plan (“2005 NSOP”). No stock options were issued under the 1996 SOP or the 2005 NSOP during the six months ended December 31, 2014 . A summary of option plan activity under the plan is as follows: Number of Shares Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding July 1, 2014 125 $ 22.29 Granted — — Forfeited — — Exercised (13 ) 19.54 Outstanding December 31, 2014 112 $ 22.62 $ 4,412 Vested December 31, 2014 112 $ 22.62 $ 4,412 Exercisable December 31, 2014 112 $ 22.62 $ 4,412 Compensation cost related to outstanding options has been fully recognized. The weighted average remaining contractual term on options currently exercisable as of December 31, 2014 was 3.36 years . Restricted Stock Plan The Company issues both share awards and unit awards under the Restricted Stock Plan. The following table summarizes non-vested share awards as of December 31, 2014 , as well as activity for the six months then ended: Share awards Shares Weighted Average Grant Date Fair Value Outstanding July 1, 2014 138 $ 33.56 Granted 9 56.06 Vested (58 ) 35.53 Forfeited (7 ) 46.39 Outstanding December 31, 2014 82 $ 33.56 At December 31, 2014 , there was $1,075 of compensation expense that has yet to be recognized related to non-vested restricted stock share awards, which will be recognized over a weighted-average period of 1.26 years . The following table summarizes non-vested unit awards as of December 31, 2014 , as well as activity for the six months then ended: Unit awards Shares Weighted Average Grant Date Fair Value Outstanding July 1, 2014 709 $ 31.66 Granted 178 53.52 Vested (277 ) 19.69 Forfeited (101 ) 19.69 Outstanding December 31, 2014 509 $ 48.13 The weighted average assumptions used in this model to estimate fair value at the measurement date and resulting values for 164 unit awards granted are as follows: Volatility 17.8 % Risk free interest rate 1.06 % Dividend yield 1.5 % Stock Beta 0.765 The remaining 14 unit awards granted are not subject to performance targets, and therefore the estimated fair value at measurement date is valued in the same manner as restricted stock award grants. At December 31, 2014 , there was $13,939 of compensation expense that has yet to be recognized related to non-vested restricted stock unit awards, which will be recognized over a weighted-average period of 1.66 years .

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Text Block)	6 Months Ended
	Dec. 31, 2014
Earnings Per Share, Basic and Diluted [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 December 31, Six Months Ended December 31, 2014 2013 2014 2013 Net Income $ 53,882 $ 48,361 $ 99,969 $ 91,583 Common share information: Weighted average shares outstanding for basic earnings per share 81,432 85,450 81,813 85,372 Dilutive effect of stock options and restricted stock 202 536 299 548 Weighted average shares outstanding for diluted earnings per share 81,634 85,986 82,112 85,920 Basic earnings per share $ 0.66 $ 0.57 $ 1.22 $ 1.07 Diluted earnings per share $ 0.66 $ 0.56 $ 1.22 $ 1.07 Per share information is based on the weighted average number of common shares outstanding for the three and six months ended December 31, 2014 and 2013 . Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. There were 170 anti-dilutive stock options or restricted stock excluded for the three month period ended December 31, 2014 ( no shares were excluded for the three month period ended December 31, 2013 ). There were 134 anti-dilutive restricted shares excluded for the six months ended December 31, 2014 ( 9 restricted shares were excluded for the six months ended December 31, 2013 ).

Business Acquisitions (Text Blo

Business Acquisitions (Text Block)	6 Months Ended
	Dec. 31, 2014
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Business Combination Disclosure [Text Block]	BUSINESS ACQUISITION Banno, LLC Effective March 1, 2014 , the Company acquired all of the equity interests of Banno, an Iowa-based company that provides Web hosting, mobile banking, and transaction marketing services with a focus on the mobile medium, for $27,910 paid in cash. This acquisition was funded using existing operating cash. The acquisition of Banno expanded the Company’s presence in online and mobile technologies within the industry. Management has completed a preliminary purchase price allocation of Banno and its assessment of the fair value of acquired assets and liabilities assumed. The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their preliminary fair values as of March 1, 2014 are set forth below: Current assets $ 610 Long-term assets 87 Identifiable intangible assets 9,255 Total liabilities assumed (1,512 ) Total identifiable net assets 8,440 Goodwill 19,470 Net assets acquired $ 27,910 The amounts shown above may change in the near term as management continues to assess the fair value of acquired assets and liabilities and evaluate the income tax implications of this business combination. The goodwill of $19,470 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 Banno, together with the value of Banno’s assembled workforce. Goodwill from this acquisition has been allocated to our Banking Systems and Services segment. Approximately 95% of the goodwill is expected to be deductible for income tax purposes. Identifiable intangible assets from this acquisition consists of customer relationships of $3,946 , $3,546 of computer software and other intangible assets of $1,763 . The weighted average amortization period for acquired customer relationships, acquired computer software, and other intangible assets is 15 years , 8 years , and 20 years , respectively. Current assets is inclusive of cash acquired of $16 . The fair value of current assets acquired included accounts receivable of $476 . The gross amount receivable is $501 , of which $25 is expected to be uncollectible. The accompanying consolidated statements of income for the three and six months ended December 31, 2013 do not include any revenues and expenses related to this acquisition. The impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided.

Business Segment Information (T

Business Segment Information (Text Block)	6 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	REPORTABLE SEGMENT INFORMATION The Company is a provider of integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. The Company’s operations are classified into two reportable segments: bank systems and services (“Bank”) and credit union systems and services (“Credit Union”). The Company evaluates the performance of its segments and allocates resources to them based on various factors, including prospects for growth, return on investment, and return on revenue. Three Months Ended Three Months Ended December 31, 2014 December 31, 2013 Bank Credit Union Total Bank Credit Union Total REVENUE License $ 288 $ 203 $ 491 $ 143 $ 103 $ 246 Support and service 229,107 67,798 296,905 210,689 62,553 273,242 Hardware 10,130 3,768 13,898 11,482 3,874 15,356 Total revenue 239,525 71,769 311,294 222,314 66,530 288,844 COST OF SALES Cost of license 184 124 308 108 80 188 Cost of support and service 134,034 36,343 170,377 119,931 34,838 154,769 Cost of hardware 6,887 2,687 9,574 7,968 2,899 10,867 Total cost of sales 141,105 39,154 180,259 128,007 37,817 165,824 GROSS PROFIT $ 98,420 $ 32,615 131,035 $ 94,307 $ 28,713 123,020 OPERATING EXPENSES 51,370 48,777 INTEREST INCOME (EXPENSE) (309 ) (138 ) INCOME BEFORE INCOME TAXES $ 79,356 $ 74,105 Six Months Ended Six Months Ended December 31, 2014 December 31, 2013 Bank Credit Union Total Bank Credit Union Total REVENUE License $ 729 $ 265 $ 994 $ 676 $ 331 $ 1,007 Support and service 450,322 134,799 585,121 411,124 124,748 535,872 Hardware 19,874 6,778 26,652 22,066 7,628 29,694 Total revenue 470,925 141,842 612,767 433,866 132,707 566,573 COST OF SALES Cost of license 550 167 717 271 262 533 Cost of support and service 262,920 72,547 335,467 235,621 68,304 303,925 Cost of hardware 14,058 4,901 18,959 16,149 5,659 21,808 Total cost of sales 277,528 77,615 355,143 252,041 74,225 326,266 GROSS PROFIT $ 193,397 $ 64,227 257,624 $ 181,825 $ 58,482 240,307 OPERATING EXPENSES 106,335 99,436 INTEREST INCOME (EXPENSE) (518 ) (286 ) INCOME BEFORE INCOME TAXES $ 150,771 $ 140,585 December 31, June 30, 2014 2014 Property and equipment, net Bank systems and services $ 260,704 $ 258,437 Credit Union systems and services 34,779 33,238 Total $ 295,483 $ 291,675 Intangible assets, net Bank systems and services $ 652,856 $ 643,972 Credit Union systems and services 230,606 231,435 Total $ 883,462 $ 875,407 The Company has not disclosed any additional asset information by segment, as the information is not produced internally and its preparation is impracticable.

Subsequent Events (Text Block)

Subsequent Events (Text Block)	6 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS Dividends On February 17, 2015 , the Company's Board of Directors declared a cash dividend of $0.25 per share on its common stock, payable on March 18, 2015 to shareholders of record on March 3, 2015 . Revolving credit facility On February 20, 2015 , the Company replaced its existing revolving credit facility with a new revolving credit facility. Outstanding balances under the previous revolving credit facility were repaid with proceeds from the new facility. The new facility has a borrowing limit of $300,000 , which may be increased by the Company at any time until maturity to $600,000 . The credit facility bears interest at a variable rate equal to (a) a rate based on LIBOR or (b) an alternate base rate (the highest of (i) the Prime Rate for such day, (ii) the sum of the Federal Funds Effective Rate for such day plus 0.50% and (iii) the Eurocurrency Rate for a one month Interest Period on such day for dollars plus 1.00% , plus an applicable percentage in each case determined by the Company's leverage ratio. The new facility has a termination date of February 20, 2020 .

Restatement of Condensed Consol

Restatement of Condensed Consolidated Financial Statements Restatement of Condensed Consolidated Financial Statements (Notes)	6 Months Ended
	Dec. 31, 2014
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	RESTATEMENT OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Correction of Accounting Errors During the current fiscal year, management identified historical accounting errors relating to its accounting for certain software license, maintenance and service agreements. The prior period errors primarily relate to the Company's accounting for its bundled software multi-element arrangements. More specifically, the Company concluded it had improperly accounted for contracts containing multiple software products delivered at different points in time as separate arrangements within a contract versus as a single arrangement with multiple elements, resulting in revenue being recognized on these contracts before all licenses, for which no vendor-specific objective evidence (“VSOE”) of fair value exists, had been delivered. Furthermore, the Company concluded that its mechanisms for tracking and estimating implementation hours was not capable of producing reliable estimates in support of its assertion of VSOE for its implementation services and that its pricing for stand-alone sales of post-contract support ("PCS") was not consistent enough to support its assertion of VSOE for PCS during prior periods. Our previous accounting resulted in revenue being recognized earlier than would be appropriate for bundled software multi-element arrangements where VSOE does not exist for any of the software elements. Our current conclusions result in the deferral of revenue on such arrangements until the only undelivered element is PCS. The total arrangement revenue is then recognized ratably over the remaining initial bundled PCS period provided all other revenue recognition criteria have been met. Direct and incremental costs, including direct labor and sales commissions, related to obtaining and implementing these contracts have also been deferred until the only undelivered element is PCS and are recognized ratably over the remaining initial bundled PCS period. Due to the above errors, including the related tax impact, net income for the fiscal quarter ended December 31, 2013 was overstated by $5,621 and net income for the six months ended December 31, 2013 was overstated by $12,187 . On the balance sheet, total assets as of June 30, 2014 increased $56,411 , total liabilities increased $127,185 , and stockholders' equity decreased $70,774 . The following tables present the effects of the restatement on each line of the Company's previously issued condensed consolidated financial statements as of June 30, 2014 and for the fiscal quarter and six-month period ended December 31, 2013. Condensed Consolidated Statements of Income: (In Thousands, Except Per Share Data) Quarter Ended December 31, 2013 As Previously Reported Effect of Restatement As Restated REVENUE License $ 12,893 $ (12,647 ) $ 246 Support and service 274,276 (1,034 ) 273,242 Hardware 15,356 — 15,356 Total revenue 302,525 (13,681 ) 288,844 COST OF SALES Cost of license 947 (759 ) 188 Cost of support and service 157,893 (3,124 ) 154,769 Cost of hardware 10,867 — 10,867 Total cost of sales 169,707 (3,883 ) 165,824 GROSS PROFIT 132,818 (9,798 ) 123,020 OPERATING EXPENSES Selling and marketing 21,071 (568 ) 20,503 Research and development 16,142 — 16,142 General and administrative 12,132 — 12,132 Total operating expenses 49,345 (568 ) 48,777 OPERATING INCOME 83,473 (9,230 ) 74,243 INTEREST INCOME (EXPENSE) Interest income 129 — 129 Interest expense (267 ) — (267 ) Total interest income (expense) (138 ) — (138 ) INCOME BEFORE INCOME TAXES 83,335 (9,230 ) 74,105 PROVISION FOR INCOME TAXES 29,353 (3,609 ) 25,744 NET INCOME $ 53,982 $ (5,621 ) $ 48,361 Diluted earnings per share $ 0.63 $ (0.07 ) $ 0.56 Diluted weighted average shares outstanding 85,986 85,986 85,986 Basic earnings per share $ 0.63 $ (0.06 ) $ 0.57 Basic weighted average shares outstanding 85,450 85,450 85,450 Condensed Consolidated Statements of Income: (In Thousands, Except Per Share Data) Six-Month Period Ended December 31, 2013 As Previously Reported Effect of Restatement As Restated REVENUE License $ 24,671 $ (23,664 ) $ 1,007 Support and service 543,820 (7,948 ) 535,872 Hardware 29,694 — 29,694 Total revenue 598,185 (31,612 ) 566,573 COST OF SALES Cost of license 2,359 (1,826 ) 533 Cost of support and service 312,477 (8,552 ) 303,925 Cost of hardware 21,808 — 21,808 Total cost of sales 336,644 (10,378 ) 326,266 GROSS PROFIT 261,541 (21,234 ) 240,307 OPERATING EXPENSES Selling and marketing 42,529 (1,289 ) 41,240 Research and development 31,814 — 31,814 General and administrative 26,382 — 26,382 Total operating expenses 100,725 (1,289 ) 99,436 OPERATING INCOME 160,816 (19,945 ) 140,871 INTEREST INCOME (EXPENSE) Interest income 260 — 260 Interest expense (546 ) — (546 ) Total interest income (expense) (286 ) — (286 ) INCOME BEFORE INCOME TAXES 160,530 (19,945 ) 140,585 PROVISION FOR INCOME TAXES 56,760 (7,758 ) 49,002 NET INCOME $ 103,770 $ (12,187 ) $ 91,583 Diluted earnings per share $ 1.21 $ (0.14 ) $ 1.07 Diluted weighted average shares outstanding 85,920 85,920 85,920 Basic earnings per share $ 1.22 $ (0.15 ) $ 1.07 Basic weighted average shares outstanding 85,372 — 85,372 Condensed Consolidated Balance Sheets: (In Thousands, Except Share and Per Share Data) June 30, 2014 As Previously Reported Effect of Restatement As Restated ASSETS CURRENT ASSETS: Cash and cash equivalents $ 70,377 $ — $ 70,377 Receivables, net 224,041 — 224,041 Income tax receivable 7,937 — 7,937 Prepaid expenses and other 59,824 1,250 61,074 Deferred costs 22,202 4,875 27,077 Total current assets 384,381 6,125 390,506 PROPERTY AND EQUIPMENT, net 291,675 — 291,675 OTHER ASSETS: Non-current deferred costs 34,708 43,750 78,458 Computer software, net of amortization 160,391 — 160,391 Other non-current assets 38,121 6,536 44,657 Customer relationships, net of amortization 136,602 — 136,602 Other intangible assets, net of amortization 25,653 — 25,653 Goodwill 552,761 — 552,761 Total other assets 948,236 50,286 998,522 Total assets $ 1,624,292 $ 56,411 $ 1,680,703 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 10,516 $ — $ 10,516 Accrued expenses 63,299 — 63,299 Deferred income tax liability 37,592 (7,498 ) 30,094 Notes payable and current maturities of long term debt 5,407 — 5,407 Deferred revenues 312,002 25,491 337,493 Total current liabilities 428,816 17,993 446,809 LONG TERM LIABILITIES: Non-current deferred revenues 8,985 146,390 155,375 Non-current deferred income tax liability 134,918 (37,198 ) 97,720 Debt, net of current maturities 3,729 — 3,729 Other long-term liabilities 9,683 — 9,683 Total long term liabilities 157,315 109,192 266,507 Total liabilities 586,131 127,185 713,316 STOCKHOLDERS' EQUITY Preferred stock - $1 par value; 500,000 shares authorized, none issued — — — Common stock - $0.01 par value; 250,000,000 shares authorized; 1,024 — 1,024 Additional paid-in capital 412,512 — 412,512 Retained earnings 1,202,406 (70,774 ) 1,131,632 Less treasury stock at cost; (577,781 ) — (577,781 ) Total stockholders' equity 1,038,161 (70,774 ) 967,387 Total liabilities and equity $ 1,624,292 $ 56,411 $ 1,680,703 Condensed Consolidated Statements of Cash Flows: (In Thousands) Six-Month Period Ended December 31, 2013 As Previously Reported Effect of Restatement As Restated CASH FLOWS FROM OPERATING ACTIVITIES: Net Income $ 103,770 $ (12,187 ) $ 91,583 Adjustments to reconcile net income from operations to net cash from operating activities: Depreciation 26,153 — 26,153 Amortization 25,969 — 25,969 Change in deferred income taxes 3,868 (7,757 ) (3,889 ) Excess tax benefits from stock-based compensation (3,152 ) — (3,152 ) Expense for stock-based compensation 4,541 — 4,541 (Gain)/loss on disposal of assets (52 ) — (52 ) Changes in operating assets and liabilities: Change in receivables 94,694 — 94,694 Change in prepaid expenses, deferred costs and other (14,672 ) (11,668 ) (26,340 ) Change in accounts payable (970 ) — (970 ) Change in accrued expenses (16,200 ) — (16,200 ) Change in income taxes 11,660 — 11,660 Change in deferred revenues (104,293 ) 31,612 (72,681 ) Net cash from operating activities 131,316 — 131,316 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (21,866 ) — (21,866 ) Proceeds from sale of assets 2,809 — 2,809 Internal use software (6,980 ) — (6,980 ) Computer software developed (29,015 ) — (29,015 ) Net cash from investing activities (55,052 ) — (55,052 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on credit facilities — — — Repayments on credit facilities (13,630 ) — (13,630 ) Purchase of treasury stock — — — Dividends paid (34,146 ) — (34,146 ) Excess tax benefits from stock-based compensation 3,152 — 3,152 Proceeds from issuance of common stock upon exercise of stock options 221 — 221 Minimum tax withholding payments related to share based compensation (6,239 ) — (6,239 ) Proceeds from sale of common stock, net 1,974 — 1,974 Net cash from financing activities (48,668 ) — (48,668 ) NET CHANGE IN CASH AND CASH EQUIVALENTS 27,596 — 27,596 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 127,905 — 127,905 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 155,501 $ — $ 155,501 Prior Period Reclassification Certain amounts included within the condensed consolidated statement of cash flows for the six months ended December 31, 2013 have been restated to correct an error related to the presentation of excess tax benefits from stock based compensation within cash flows from operating activities. Such correction adjusted the cash flow statement for the six months ended December 31, 2013 by presenting excess tax benefits from stock based compensation as a separate line item and increasing the change in income taxes by $3,152 . There was no change in total cash flows from operating, investing or financing activities.

Nature of Operations and Summ17

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Consolidation	CONSOLIDATION The condensed consolidated financial statements include the accounts of JHA and all of its subsidiaries, which are wholly-owned, and all intercompany accounts and transactions have been eliminated.
Common Stock	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 short-term borrowings on its existing credit facilities. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. At December 31, 2014 , there were 21,693 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,298 additional shares. The total cost of treasury shares at December 31, 2014 is $690,584 . During the first six months of fiscal 2015 , the Company repurchased 1,898 treasury shares for $112,803 . At June 30, 2014 , there were 19,795 shares in treasury stock and the Company had authority to repurchase up to 5,196 additional shares. Dividends declared per share were $0.22 and $0.20 for the three months ended December 31, 2014 and 2013 , respectively. Dividends declared per share were $0.44 and $0.40 for the six months ended December 31, 2014 and 2013 , respectively.

Fair Value of Financial Instr18

Fair Value of Financial Instruments Fair Value of Financial Instruments (Policies)	6 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy Text Block]	For cash equivalents, 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 fair value of long term debt also approximates carrying value as estimated using discounted cash flows based on the Company’s current incremental borrowing rates or quoted prices in active markets. 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 Instr19

Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair value of financial assets, included in cash and cash equivalents, is as follows: Estimated Fair Value Measurements Total Fair Level 1 Level 2 Level 3 Value December 31, 2014 Financial Assets: Money market funds $ 20,923 $ — $ — $ 20,923 June 30, 2014 Financial Assets: Money market funds $ 28,877 $ — $ — $ 28,877

Debt (Tables)

Debt (Tables)	6 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	The Company’s outstanding long and short term debt is as follows: December 31, June 30, 2014 2014 LONG TERM DEBT Capital leases $ 6,524 $ 7,757 6,524 7,757 Less current maturities 5,601 4,028 Debt, net of current maturities $ 923 $ 3,729
Schedule of Short-term Debt [Table Text Block]	SHORT TERM DEBT Revolving credit facility $ 70,000 $ — Capital leases 2,287 1,379 Current maturities of long-term debt 5,601 4,028 Notes payable and current maturities of long term debt $ 77,888 $ 5,407

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of option plan activity under the plan is as follows: Number of Shares Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding July 1, 2014 125 $ 22.29 Granted — — Forfeited — — Exercised (13 ) 19.54 Outstanding December 31, 2014 112 $ 22.62 $ 4,412 Vested December 31, 2014 112 $ 22.62 $ 4,412 Exercisable December 31, 2014 112 $ 22.62 $ 4,412
Schedule of Nonvested Restricted Stock Activity [Table Text Block]	The following table summarizes non-vested share awards as of December 31, 2014 , as well as activity for the six months then ended: Share awards Shares Weighted Average Grant Date Fair Value Outstanding July 1, 2014 138 $ 33.56 Granted 9 56.06 Vested (58 ) 35.53 Forfeited (7 ) 46.39 Outstanding December 31, 2014 82 $ 33.56
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes non-vested unit awards as of December 31, 2014 , as well as activity for the six months then ended: Unit awards Shares Weighted Average Grant Date Fair Value Outstanding July 1, 2014 709 $ 31.66 Granted 178 53.52 Vested (277 ) 19.69 Forfeited (101 ) 19.69 Outstanding December 31, 2014 509 $ 48.13
ScheduleOfShareBasedPaymentAwardRSUValuationAssumptionsTableTextBlock [Table Text Block]	The weighted average assumptions used in this model to estimate fair value at the measurement date and resulting values for 164 unit awards granted are as follows: Volatility 17.8 % Risk free interest rate 1.06 % Dividend yield 1.5 % Stock Beta 0.765

Earnings Per Share Earnings P22

Earnings Per Share Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2014
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 December 31, Six Months Ended December 31, 2014 2013 2014 2013 Net Income $ 53,882 $ 48,361 $ 99,969 $ 91,583 Common share information: Weighted average shares outstanding for basic earnings per share 81,432 85,450 81,813 85,372 Dilutive effect of stock options and restricted stock 202 536 299 548 Weighted average shares outstanding for diluted earnings per share 81,634 85,986 82,112 85,920 Basic earnings per share $ 0.66 $ 0.57 $ 1.22 $ 1.07 Diluted earnings per share $ 0.66 $ 0.56 $ 1.22 $ 1.07

Business Acquisitions (Tables)

Business Acquisitions (Tables)	6 Months Ended
	Dec. 31, 2014
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their preliminary fair values as of March 1, 2014 are set forth below: Current assets $ 610 Long-term assets 87 Identifiable intangible assets 9,255 Total liabilities assumed (1,512 ) Total identifiable net assets 8,440 Goodwill 19,470 Net assets acquired $ 27,910

Business Segment Information 24

Business Segment Information (Tables)	6 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended Three Months Ended December 31, 2014 December 31, 2013 Bank Credit Union Total Bank Credit Union Total REVENUE License $ 288 $ 203 $ 491 $ 143 $ 103 $ 246 Support and service 229,107 67,798 296,905 210,689 62,553 273,242 Hardware 10,130 3,768 13,898 11,482 3,874 15,356 Total revenue 239,525 71,769 311,294 222,314 66,530 288,844 COST OF SALES Cost of license 184 124 308 108 80 188 Cost of support and service 134,034 36,343 170,377 119,931 34,838 154,769 Cost of hardware 6,887 2,687 9,574 7,968 2,899 10,867 Total cost of sales 141,105 39,154 180,259 128,007 37,817 165,824 GROSS PROFIT $ 98,420 $ 32,615 131,035 $ 94,307 $ 28,713 123,020 OPERATING EXPENSES 51,370 48,777 INTEREST INCOME (EXPENSE) (309 ) (138 ) INCOME BEFORE INCOME TAXES $ 79,356 $ 74,105 Six Months Ended Six Months Ended December 31, 2014 December 31, 2013 Bank Credit Union Total Bank Credit Union Total REVENUE License $ 729 $ 265 $ 994 $ 676 $ 331 $ 1,007 Support and service 450,322 134,799 585,121 411,124 124,748 535,872 Hardware 19,874 6,778 26,652 22,066 7,628 29,694 Total revenue 470,925 141,842 612,767 433,866 132,707 566,573 COST OF SALES Cost of license 550 167 717 271 262 533 Cost of support and service 262,920 72,547 335,467 235,621 68,304 303,925 Cost of hardware 14,058 4,901 18,959 16,149 5,659 21,808 Total cost of sales 277,528 77,615 355,143 252,041 74,225 326,266 GROSS PROFIT $ 193,397 $ 64,227 257,624 $ 181,825 $ 58,482 240,307 OPERATING EXPENSES 106,335 99,436 INTEREST INCOME (EXPENSE) (518 ) (286 ) INCOME BEFORE INCOME TAXES $ 150,771 $ 140,585
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, June 30, 2014 2014 Property and equipment, net Bank systems and services $ 260,704 $ 258,437 Credit Union systems and services 34,779 33,238 Total $ 295,483 $ 291,675 Intangible assets, net Bank systems and services $ 652,856 $ 643,972 Credit Union systems and services 230,606 231,435 Total $ 883,462 $ 875,407

Restatement of Condensed Cons25

Restatement of Condensed Consolidated Financial Statements Restatement of Condensed Consolidated Financial Statements (Tables)	6 Months Ended
	Dec. 31, 2014
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	The following tables present the effects of the restatement on each line of the Company's previously issued condensed consolidated financial statements as of June 30, 2014 and for the fiscal quarter and six-month period ended December 31, 2013. Condensed Consolidated Statements of Income: (In Thousands, Except Per Share Data) Quarter Ended December 31, 2013 As Previously Reported Effect of Restatement As Restated REVENUE License $ 12,893 $ (12,647 ) $ 246 Support and service 274,276 (1,034 ) 273,242 Hardware 15,356 — 15,356 Total revenue 302,525 (13,681 ) 288,844 COST OF SALES Cost of license 947 (759 ) 188 Cost of support and service 157,893 (3,124 ) 154,769 Cost of hardware 10,867 — 10,867 Total cost of sales 169,707 (3,883 ) 165,824 GROSS PROFIT 132,818 (9,798 ) 123,020 OPERATING EXPENSES Selling and marketing 21,071 (568 ) 20,503 Research and development 16,142 — 16,142 General and administrative 12,132 — 12,132 Total operating expenses 49,345 (568 ) 48,777 OPERATING INCOME 83,473 (9,230 ) 74,243 INTEREST INCOME (EXPENSE) Interest income 129 — 129 Interest expense (267 ) — (267 ) Total interest income (expense) (138 ) — (138 ) INCOME BEFORE INCOME TAXES 83,335 (9,230 ) 74,105 PROVISION FOR INCOME TAXES 29,353 (3,609 ) 25,744 NET INCOME $ 53,982 $ (5,621 ) $ 48,361 Diluted earnings per share $ 0.63 $ (0.07 ) $ 0.56 Diluted weighted average shares outstanding 85,986 85,986 85,986 Basic earnings per share $ 0.63 $ (0.06 ) $ 0.57 Basic weighted average shares outstanding 85,450 85,450 85,450 Condensed Consolidated Statements of Income: (In Thousands, Except Per Share Data) Six-Month Period Ended December 31, 2013 As Previously Reported Effect of Restatement As Restated REVENUE License $ 24,671 $ (23,664 ) $ 1,007 Support and service 543,820 (7,948 ) 535,872 Hardware 29,694 — 29,694 Total revenue 598,185 (31,612 ) 566,573 COST OF SALES Cost of license 2,359 (1,826 ) 533 Cost of support and service 312,477 (8,552 ) 303,925 Cost of hardware 21,808 — 21,808 Total cost of sales 336,644 (10,378 ) 326,266 GROSS PROFIT 261,541 (21,234 ) 240,307 OPERATING EXPENSES Selling and marketing 42,529 (1,289 ) 41,240 Research and development 31,814 — 31,814 General and administrative 26,382 — 26,382 Total operating expenses 100,725 (1,289 ) 99,436 OPERATING INCOME 160,816 (19,945 ) 140,871 INTEREST INCOME (EXPENSE) Interest income 260 — 260 Interest expense (546 ) — (546 ) Total interest income (expense) (286 ) — (286 ) INCOME BEFORE INCOME TAXES 160,530 (19,945 ) 140,585 PROVISION FOR INCOME TAXES 56,760 (7,758 ) 49,002 NET INCOME $ 103,770 $ (12,187 ) $ 91,583 Diluted earnings per share $ 1.21 $ (0.14 ) $ 1.07 Diluted weighted average shares outstanding 85,920 85,920 85,920 Basic earnings per share $ 1.22 $ (0.15 ) $ 1.07 Basic weighted average shares outstanding 85,372 — 85,372 Condensed Consolidated Balance Sheets: (In Thousands, Except Share and Per Share Data) June 30, 2014 As Previously Reported Effect of Restatement As Restated ASSETS CURRENT ASSETS: Cash and cash equivalents $ 70,377 $ — $ 70,377 Receivables, net 224,041 — 224,041 Income tax receivable 7,937 — 7,937 Prepaid expenses and other 59,824 1,250 61,074 Deferred costs 22,202 4,875 27,077 Total current assets 384,381 6,125 390,506 PROPERTY AND EQUIPMENT, net 291,675 — 291,675 OTHER ASSETS: Non-current deferred costs 34,708 43,750 78,458 Computer software, net of amortization 160,391 — 160,391 Other non-current assets 38,121 6,536 44,657 Customer relationships, net of amortization 136,602 — 136,602 Other intangible assets, net of amortization 25,653 — 25,653 Goodwill 552,761 — 552,761 Total other assets 948,236 50,286 998,522 Total assets $ 1,624,292 $ 56,411 $ 1,680,703 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 10,516 $ — $ 10,516 Accrued expenses 63,299 — 63,299 Deferred income tax liability 37,592 (7,498 ) 30,094 Notes payable and current maturities of long term debt 5,407 — 5,407 Deferred revenues 312,002 25,491 337,493 Total current liabilities 428,816 17,993 446,809 LONG TERM LIABILITIES: Non-current deferred revenues 8,985 146,390 155,375 Non-current deferred income tax liability 134,918 (37,198 ) 97,720 Debt, net of current maturities 3,729 — 3,729 Other long-term liabilities 9,683 — 9,683 Total long term liabilities 157,315 109,192 266,507 Total liabilities 586,131 127,185 713,316 STOCKHOLDERS' EQUITY Preferred stock - $1 par value; 500,000 shares authorized, none issued — — — Common stock - $0.01 par value; 250,000,000 shares authorized; 1,024 — 1,024 Additional paid-in capital 412,512 — 412,512 Retained earnings 1,202,406 (70,774 ) 1,131,632 Less treasury stock at cost; (577,781 ) — (577,781 ) Total stockholders' equity 1,038,161 (70,774 ) 967,387 Total liabilities and equity $ 1,624,292 $ 56,411 $ 1,680,703 Condensed Consolidated Statements of Cash Flows: (In Thousands) Six-Month Period Ended December 31, 2013 As Previously Reported Effect of Restatement As Restated CASH FLOWS FROM OPERATING ACTIVITIES: Net Income $ 103,770 $ (12,187 ) $ 91,583 Adjustments to reconcile net income from operations to net cash from operating activities: Depreciation 26,153 — 26,153 Amortization 25,969 — 25,969 Change in deferred income taxes 3,868 (7,757 ) (3,889 ) Excess tax benefits from stock-based compensation (3,152 ) — (3,152 ) Expense for stock-based compensation 4,541 — 4,541 (Gain)/loss on disposal of assets (52 ) — (52 ) Changes in operating assets and liabilities: Change in receivables 94,694 — 94,694 Change in prepaid expenses, deferred costs and other (14,672 ) (11,668 ) (26,340 ) Change in accounts payable (970 ) — (970 ) Change in accrued expenses (16,200 ) — (16,200 ) Change in income taxes 11,660 — 11,660 Change in deferred revenues (104,293 ) 31,612 (72,681 ) Net cash from operating activities 131,316 — 131,316 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (21,866 ) — (21,866 ) Proceeds from sale of assets 2,809 — 2,809 Internal use software (6,980 ) — (6,980 ) Computer software developed (29,015 ) — (29,015 ) Net cash from investing activities (55,052 ) — (55,052 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on credit facilities — — — Repayments on credit facilities (13,630 ) — (13,630 ) Purchase of treasury stock — — — Dividends paid (34,146 ) — (34,146 ) Excess tax benefits from stock-based compensation 3,152 — 3,152 Proceeds from issuance of common stock upon exercise of stock options 221 — 221 Minimum tax withholding payments related to share based compensation (6,239 ) — (6,239 ) Proceeds from sale of common stock, net 1,974 — 1,974 Net cash from financing activities (48,668 ) — (48,668 ) NET CHANGE IN CASH AND CASH EQUIVALENTS 27,596 — 27,596 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 127,905 — 127,905 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 155,501 $ — $ 155,501

Nature of Operations and Summ26

Nature of Operations and Summary of Significant Accounting Policies Treasury Stock (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Class of Stock [Line Items]
Treasury Stock, Value	$ 690,584		$ 577,781
Treasury Stock, Shares, Acquired	1,898,000
Payments for Repurchase of Common Stock	$ 112,803	$ 0
Treasury Stock, Shares	21,692,532		19,794,559
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	3,298,000		5,196,000

Nature of Operations and Summ27

Nature of Operations and Summary of Significant Accounting Policies Dividends Paid Per Share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Dividends declared per share	$ 0.220	$ 0.2000	$ 0.44	$ 0.4

Nature of Operations and Summ28

Nature of Operations and Summary of Significant Accounting Policies Litigation (Details)	1 Months Ended
	May. 31, 2013patent
DataTreasury Corporation Lawsuit [Member]
Loss Contingencies [Line Items]
Loss Contingency, Patents Allegedly Infringed, Number	2

Fair Value of Financial Instr29

Fair Value of Financial Instruments Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 20,923	$ 28,877
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	20,923	28,877
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 0	$ 0

Debt Long Term (Details)

Debt Long Term (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 30, 2014
LONG TERM DEBT
Capital leases	$ 6,524	$ 7,757
Long Term Debt	6,524	7,757
Less current maturities	5,601	4,028
Debt, net of current maturities	$ 923	$ 3,729

Debt Short Term (Details)

Debt Short Term (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 30, 2014
SHORT TERM DEBT
Revolving credit facility	$ 70,000	$ 0
Capital leases	2,287	1,379
Current maturities of long-term debt	5,601	4,028
Notes payable and current maturities of long term debt	$ 77,888	$ 5,407

Debt Narrative (Details)

Debt Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Debt Instrument [Line Items]
Capital leases - long term	$ 6,524		$ 7,757
Current maturities of long-term debt	5,601		4,028
Capital leases - short term	2,287		$ 1,379
Revolving Credit Facility, Current Borrowing Capacity	150,000
Revolving Credit Facility, Maximum Borrowing Capacity	$ 250,000
Revolving Credit Facility, Expiration Date	Jun. 4, 2015
Interest Paid	$ 415	$ 301
Capital Expenditures Incurred but Not yet Paid	$ 3,897	$ 7,198
Credit Facility Points Above Federal Funds Rate [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	0.50%
Credit Facility Points Above LIBOR [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.00%
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Current maturities of long-term debt	$ 5,601
Unsecured Debt [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.00%
Unsecured Loan, Issuance Date	Mar. 3, 2014
Unsecured Loan, Unused Borrowing Capacity	$ 5,000
Unsecured Loan, Maturity Date	Apr. 30, 2017
Unsecured Loan, Amount Outstanding	$ 0

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate Continuing Operations, percent	32.10%	34.70%
Income Taxes Paid			$ 43,450	$ 41,233
Unrecognized Tax Benefits	$ 9,099		9,099
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	6,405		6,405
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	1,652	$ 722	1,652	$ 722
Minimum [Member]
Expiration of statutes of limitations impact on UTB balance, minimum	2,000		2,000
Maximum [Member]
Expiration of statutes of limitations impact on UTB balance, minimum	$ 3,000		$ 3,000

Stock Based Compensation Narrat

Stock Based Compensation Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense for stock-based compensation	$ 2,516	$ 2,619	$ 4,583	$ 4,541
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining contractual term			3 years 131 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense yet to be recognized	13,939		$ 13,939
Compensation expense yet to be recognized, period for recognition			1 year 241 days
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award With Performance Targets			164
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award With No Performance Targets			14
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense yet to be recognized	$ 1,075		$ 1,075
Compensation expense yet to be recognized, period for recognition			1 year 95 days

Stock Based Compensation Stock

Stock Based Compensation Stock Options (Details) - Dec. 31, 2014 - Stock Options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, period start, number of shares	125
Granted, number of shares	0
Forfeited, number of shares	0
Exercised, number of shares	(13)
Outstanding, period end, number of shares	112
Outstanding, period start, weighted average exercise price	$ 22.29
Granted, weighted average exercise price	0
Forfeited, weighted average exercise price	0
Exercised, weighted average exercise price	19.54
Outstanding, period end, weighted average exercise price	$ 22.62
Outstanding, period end, intrinsic value	$ 4,412
Vested, period end, number of shares	112
Vested, period end, weighted average exercise price	$ 22.62
Vested, period end, intrinsic value	$ 4,412
Exercisable, period end, number of shares	112
Exercisable, period end, weighted average exercise price	$ 22.62
Exercisable, period end, intrinsic value	$ 4,412

Stock Based Compensation Restri

Stock Based Compensation Restricted Stock Share Awards (Details) - 6 months ended Dec. 31, 2014 - Restricted Stock [Member] - $ / shares shares in Thousands	Total
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	138
Granted, number of shares	9
Vested, number of shares	(58)
Forfeited, number of shares	(7)
Outstanding, period end, number of shares	82
Outstanding, period start, weighted average grant date fair value	$ 33.56
Granted, weighted average grant date fair value	56.06
Vested, weighted average grant date fair value	35.53
Forfeited, weighted average grant date fair value	46.39
Outstanding, period end, weighted average grant date fair value	$ 33.56

Stock Based Compensation Rest37

Stock Based Compensation Restricted Stock Unit Awards (Details) - 6 months ended Dec. 31, 2014 - Restricted Stock Units (RSUs) [Member] - $ / shares shares in Thousands	Total
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	709
Granted, number of shares	178
Vested, number of shares	(277)
Forfeited, number of shares	(101)
Outstanding, period end, number of shares	509
Outstanding, period start, weighted average grant date fair value	$ 31.66
Granted, weighted average grant date fair value	53.52
Vested, weighted average grant date fair value	19.69
Forfeited, weighted average grant date fair value	19.69
Outstanding, period end, weighted average grant date fair value	$ 48.13

Stock Based Compensation RSU Me

Stock Based Compensation RSU Measurement Date Assumptions (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Dec. 31, 2014
RSU grant date weighted average fair value assumptions
Volatility	17.80%
Risk free interest rate	1.06%
Dividend yield	1.50%
Stock Beta	0.765

Earnings Per Share Earnings P39

Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net Income	$ 53,882	$ 48,361	$ 99,969	$ 91,583
Common share information:
Weighted average shares outstanding for basic earnings per share	81,432	85,450	81,813	85,372
Dilutive effect of stock options and restricted stock	202	536	299	548
Weighted average shares outstanding for diluted earnings per share	81,634	85,986	82,112	85,920
Basic earnings per share	$ 0.66	$ 0.57	$ 1.22	$ 1.07
Diluted earnings per share	$ 0.66	$ 0.56	$ 1.22	$ 1.07
Antidilutive stock options and restricted stock excluded from computation of earnings per share	170	0	134	9

Business Acquisitions (Details)

Business Acquisitions (Details) - USD ($) $ in Thousands	Mar. 04, 2014	Dec. 31, 2014	Jun. 30, 2014
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Mar. 1, 2014
Goodwill		$ 550,366	$ 552,761
Business Acquisition, Banno, LLC [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 27,910
Current assets	610
Long-term assets	87
Identifiable intangible assets	9,255
Total liabilities assumed	(1,512)
Total identifiable net assets	8,440
Goodwill	19,470
Net assets acquired	$ 27,910
Business Acquisition, Purchase Price Allocation, Goodwill, Expected Tax Deductible Percent	95.00%
Cash Acquired from Acquisition	$ 16
Business Combination, Acquired Receivables, Fair Value	476
Business Combination, Acquired Receivables, Gross Contractual Amount	501
Business Combination, Acquired Receivables, Estimated Uncollectible	25
Customer Relationships [Member] | Business Acquisition, Banno, LLC [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 3,946
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Computer Software, Intangible Asset [Member] | Business Acquisition, Banno, LLC [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 3,546
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years
Other Intangible Assets [Member] | Business Acquisition, Banno, LLC [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,763
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years

Business Segment Information Na

Business Segment Information Narrative (Details)	6 Months Ended
	Dec. 31, 2014segment
Segment Reporting [Abstract]
Number of Reportable Segments	2

Business Segment Information Re

Business Segment Information Reconciliation of Operating Profit by Segment to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
REVENUE
License	$ 491	$ 246	$ 994	$ 1,007
Support and service	296,905	273,242	585,121	535,872
Hardware	13,898	15,356	26,652	29,694
Total revenue	311,294	288,844	612,767	566,573
COST OF SALES
Cost of license	308	188	717	533
Cost of support and service	170,377	154,769	335,467	303,925
Cost of hardware	9,574	10,867	18,959	21,808
Total cost of sales	180,259	165,824	355,143	326,266
GROSS PROFIT	131,035	123,020	257,624	240,307
Total operating expenses	51,370	48,777	106,335	99,436
Total interest income (expense)	(309)	(138)	(518)	(286)
INCOME BEFORE INCOME TAXES	79,356	74,105	150,771	140,585
Banking Systems and Services [Member]
REVENUE
License	288	143	729	676
Support and service	229,107	210,689	450,322	411,124
Hardware	10,130	11,482	19,874	22,066
Total revenue	239,525	222,314	470,925	433,866
COST OF SALES
Cost of license	184	108	550	271
Cost of support and service	134,034	119,931	262,920	235,621
Cost of hardware	6,887	7,968	14,058	16,149
Total cost of sales	141,105	128,007	277,528	252,041
GROSS PROFIT	98,420	94,307	193,397	181,825
Credit Union Systems and Services [Member]
REVENUE
License	203	103	265	331
Support and service	67,798	62,553	134,799	124,748
Hardware	3,768	3,874	6,778	7,628
Total revenue	71,769	66,530	141,842	132,707
COST OF SALES
Cost of license	124	80	167	262
Cost of support and service	36,343	34,838	72,547	68,304
Cost of hardware	2,687	2,899	4,901	5,659
Total cost of sales	39,154	37,817	77,615	74,225
GROSS PROFIT	$ 32,615	$ 28,713	$ 64,227	$ 58,482

Business Segment Information 43

Business Segment Information Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 30, 2014
Segment Reporting, Asset Reconciling Items
Property and equipment, net	$ 295,483	$ 291,675
Intangible assets, net	883,462	875,407
Banking Systems and Services [Member]
Segment Reporting, Asset Reconciling Items
Property and equipment, net	260,704	258,437
Intangible assets, net	652,856	643,972
Credit Union Systems and Services [Member]
Segment Reporting, Asset Reconciling Items
Property and equipment, net	34,779	33,238
Intangible assets, net	$ 230,606	$ 231,435

Subsequent Events - Dividends (

Subsequent Events - Dividends (Details) - Feb. 17, 2015 - Subsequent Event [Member] - $ / shares	Total
Dividend Declaration
Dividends declared date	Feb. 17, 2015
Dividends per share	$ 0.25
Dividends payable date	Mar. 18, 2015
Dividends record date	Mar. 3, 2015

Subsequent Events Subsequent Ev

Subsequent Events Subsequent Events - Revolving credit facility (Details) - USD ($) $ in Thousands	Feb. 20, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Revolving Credit Facility, Current Borrowing Capacity		$ 150,000
Revolving Credit Facility, Maximum Borrowing Capacity		$ 250,000
Revolving Credit Facility, Expiration Date		Jun. 4, 2015
Subsequent Event [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
New revolving credit facility date	Feb. 20, 2015
Revolving Credit Facility, Current Borrowing Capacity	$ 300,000
Revolving Credit Facility, Maximum Borrowing Capacity	$ 600,000
Revolving Credit Facility, Expiration Date	Feb. 20, 2020
Subsequent Event [Member] | Revolving Credit Facility [Member] | Credit Facility Points Above Federal Funds Rate [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.00%
Subsequent Event [Member] | Revolving Credit Facility [Member] | Credit Facility Points Above Eurocurrency Rate [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.00%

Restatement of Condensed Cons46

Restatement of Condensed Consolidated Financial Statements Income Statement (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
REVENUE
License	$ 491	$ 246	$ 994	$ 1,007
Support and service	296,905	273,242	585,121	535,872
Hardware	13,898	15,356	26,652	29,694
Total revenue	311,294	288,844	612,767	566,573
COST OF SALES
Cost of license	308	188	717	533
Cost of support and service	170,377	154,769	335,467	303,925
Cost of hardware	9,574	10,867	18,959	21,808
Total cost of sales	180,259	165,824	355,143	326,266
GROSS PROFIT	131,035	123,020	257,624	240,307
OPERATING EXPENSES
Selling and marketing	22,175	20,503	43,838	41,240
Research and development	17,681	16,142	34,472	31,814
General and administrative	11,514	12,132	28,025	26,382
Total operating expenses	51,370	48,777	106,335	99,436
OPERATING INCOME	79,665	74,243	151,289	140,871
INTEREST INCOME (EXPENSE)
Interest income	28	129	85	260
Interest expense	(337)	(267)	(603)	(546)
Total interest income (expense)	(309)	(138)	(518)	(286)
INCOME BEFORE INCOME TAXES	79,356	74,105	150,771	140,585
PROVISION FOR INCOME TAXES	25,474	25,744	50,802	49,002
NET INCOME	$ 53,882	$ 48,361	$ 99,969	$ 91,583
Earnings Per Share
Diluted earnings per share	$ 0.66	$ 0.56	$ 1.22	$ 1.07
Diluted weighted average shares outstanding	81,634	85,986	82,112	85,920
Basic earnings per share	$ 0.66	$ 0.57	$ 1.22	$ 1.07
Basic weighted average shares outstanding	81,432	85,450	81,813	85,372
Scenario, Previously Reported [Member]
REVENUE
License		$ 12,893		$ 24,671
Support and service		274,276		543,820
Hardware		15,356		29,694
Total revenue		302,525		598,185
COST OF SALES
Cost of license		947		2,359
Cost of support and service		157,893		312,477
Cost of hardware		10,867		21,808
Total cost of sales		169,707		336,644
GROSS PROFIT		132,818		261,541
OPERATING EXPENSES
Selling and marketing		21,071		42,529
Research and development		16,142		31,814
General and administrative		12,132		26,382
Total operating expenses		49,345		100,725
OPERATING INCOME		83,473		160,816
INTEREST INCOME (EXPENSE)
Interest income		129		260
Interest expense		(267)		(546)
Total interest income (expense)		(138)		(286)
INCOME BEFORE INCOME TAXES		83,335		160,530
PROVISION FOR INCOME TAXES		29,353		56,760
NET INCOME		$ 53,982		$ 103,770
Earnings Per Share
Diluted earnings per share		$ 0.63		$ 1.21
Diluted weighted average shares outstanding		85,986		85,920
Basic earnings per share		$ 0.63		$ 1.22
Basic weighted average shares outstanding		85,450		85,372
Scenario, Adjustment [Member]
REVENUE
License		$ (12,647)		$ (23,664)
Support and service		(1,034)		(7,948)
Hardware		0		0
Total revenue		(13,681)		(31,612)
COST OF SALES
Cost of license		(759)		(1,826)
Cost of support and service		(3,124)		(8,552)
Cost of hardware		0		0
Total cost of sales		(3,883)		(10,378)
GROSS PROFIT		(9,798)		(21,234)
OPERATING EXPENSES
Selling and marketing		(568)		(1,289)
Research and development		0		0
General and administrative		0		0
Total operating expenses		(568)		(1,289)
OPERATING INCOME		(9,230)		(19,945)
INTEREST INCOME (EXPENSE)
Interest income		0		0
Interest expense		0		0
Total interest income (expense)		0		0
INCOME BEFORE INCOME TAXES		(9,230)		(19,945)
PROVISION FOR INCOME TAXES		(3,609)		(7,758)
NET INCOME		$ (5,621)		$ (12,187)
Earnings Per Share
Diluted earnings per share		$ (0.07)		$ (0.14)
Diluted weighted average shares outstanding		85,986		85,920
Basic earnings per share		$ (0.06)		$ (0.15)
Basic weighted average shares outstanding		85,450		0

Restatement of Condensed Cons47

Restatement of Condensed Consolidated Financial Statements Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 49,332	$ 70,377	$ 155,501	$ 127,905
Receivables, net	147,890	224,041
Income tax receivable	2,106	7,937
Prepaid expenses and other	73,691	61,074
Deferred costs	33,762	27,077
Total current assets	306,781	390,506
PROPERTY AND EQUIPMENT, net	295,483	291,675
OTHER ASSETS:
Non-current deferred costs	88,834	78,458
Computer software, net of amortization	173,694	160,391
Other non-current assets	46,411	44,657
Customer Relationships, Net of Amortization	129,183	136,602
Other Intangible Assets, Net of Amortization	30,219	25,653
Goodwill	550,366	552,761
Total other assets	1,018,707	998,522
Total assets	1,620,971	1,680,703
CURRENT LIABILITIES:
Accounts payable	7,889	10,516
Accrued expenses	63,882	63,299
Deferred income tax liability	20,223	30,094
Notes payable and current maturities of long term debt	77,888	5,407
Deferred revenues	234,939	337,493
Total current liabilities	405,259	446,809
LONG TERM LIABILITIES:
Non-current deferred revenues	178,142	155,375
Non-current deferred income tax liability	103,066	97,720
Debt, net of current maturities	923	3,729
Other long-term liabilities	11,519	9,683
Total long term liabilities	293,650	266,507
Total liabilities	698,909	713,316
STOCKHOLDERS' EQUITY
Preferred stock - $1 par value; 500,000 shares authorized, none issued	0	0
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,429,926 shares issued at June 30, 2014	1,026	1,024
Additional paid-in capital	415,982	412,512
Retained earnings	1,195,638	1,131,632
Less treasury stock at cost; 19,794,559 shares at June 30, 2014	(690,584)	(577,781)
Total stockholders' equity	922,062	967,387
Total liabilities and equity	$ 1,620,971	1,680,703
Scenario, Adjustment [Member]
CURRENT ASSETS:
Cash and cash equivalents		0	0	0
Receivables, net		0
Income tax receivable		0
Prepaid expenses and other		1,250
Deferred costs		4,875
Total current assets		6,125
PROPERTY AND EQUIPMENT, net		0
OTHER ASSETS:
Non-current deferred costs		43,750
Computer software, net of amortization		0
Other non-current assets		6,536
Customer Relationships, Net of Amortization		0
Other Intangible Assets, Net of Amortization		0
Goodwill		0
Total other assets		50,286
Total assets		56,411
CURRENT LIABILITIES:
Accounts payable		0
Accrued expenses		0
Deferred income tax liability		(7,498)
Notes payable and current maturities of long term debt		0
Deferred revenues		25,491
Total current liabilities		17,993
LONG TERM LIABILITIES:
Non-current deferred revenues		146,390
Non-current deferred income tax liability		(37,198)
Debt, net of current maturities		0
Other long-term liabilities		0
Total long term liabilities		109,192
Total liabilities		127,185
STOCKHOLDERS' EQUITY
Preferred stock - $1 par value; 500,000 shares authorized, none issued		0
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,429,926 shares issued at June 30, 2014		0
Additional paid-in capital		0
Retained earnings		(70,774)
Less treasury stock at cost; 19,794,559 shares at June 30, 2014		0
Total stockholders' equity		(70,774)
Total liabilities and equity		56,411
Scenario, Previously Reported [Member]
CURRENT ASSETS:
Cash and cash equivalents		70,377	$ 155,501	$ 127,905
Receivables, net		224,041
Income tax receivable		7,937
Prepaid expenses and other		59,824
Deferred costs		22,202
Total current assets		384,381
PROPERTY AND EQUIPMENT, net		291,675
OTHER ASSETS:
Non-current deferred costs		34,708
Computer software, net of amortization		160,391
Other non-current assets		38,121
Customer Relationships, Net of Amortization		136,602
Other Intangible Assets, Net of Amortization		25,653
Goodwill		552,761
Total other assets		948,236
Total assets		1,624,292
CURRENT LIABILITIES:
Accounts payable		10,516
Accrued expenses		63,299
Deferred income tax liability		37,592
Notes payable and current maturities of long term debt		5,407
Deferred revenues		312,002
Total current liabilities		428,816
LONG TERM LIABILITIES:
Non-current deferred revenues		8,985
Non-current deferred income tax liability		134,918
Debt, net of current maturities		3,729
Other long-term liabilities		9,683
Total long term liabilities		157,315
Total liabilities		586,131
STOCKHOLDERS' EQUITY
Preferred stock - $1 par value; 500,000 shares authorized, none issued		0
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,429,926 shares issued at June 30, 2014		1,024
Additional paid-in capital		412,512
Retained earnings		1,202,406
Less treasury stock at cost; 19,794,559 shares at June 30, 2014		(577,781)
Total stockholders' equity		1,038,161
Total liabilities and equity		$ 1,624,292

Restatement of Condensed Cons48

Restatement of Condensed Consolidated Financial Statements Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 53,882	$ 48,361	$ 99,969	$ 91,583
Adjustments to reconcile net income from operations to net cash from operating activities:
Depreciation			27,471	26,153
Amortization			31,945	25,969
Change in deferred income taxes			(4,527)	(3,889)
Excess tax benefits from stock-based compensation, Operating Activities			(4,006)	(3,152)
Expense for stock-based compensation	2,516	2,619	4,583	4,541
Gain/loss on disposal of assets			(5,315)	(52)
Changes in operating assets and liabilities:
Change in receivables			76,151	94,694
Change in prepaid expenses, deferred costs and other			(31,555)	(26,340)
Change in accounts payable			(2,627)	(970)
Change in accrued expenses			1,263	(16,200)
Change in income taxes			11,878	11,660
Change in deferred revenues			(78,332)	(72,681)
Net cash from operating activities			126,898	131,316
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures			(27,389)	(21,866)
Proceeds from sale of assets			8,242	2,809
Internal use software			(7,432)	(6,980)
Computer software developed			(36,820)	(29,015)
Net cash from investing activities			(63,399)	(55,052)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities			70,000	0
Repayments on credit facilities			(4,669)	(13,630)
Purchase of treasury stock			(112,803)	0
Dividends paid			(35,961)	(34,146)
Excess tax benefits from stock-based compensation, Financing Activities			4,006	3,152
Proceeds from issuance of common stock upon exercise of stock options			402	221
Minimum tax withholding payments related to option exercises			(7,680)	(6,239)
Proceeds from sale of common stock, net			2,161	1,974
Net cash from financing activities			(84,544)	(48,668)
NET CHANGE IN CASH AND CASH EQUIVALENTS			(21,045)	27,596
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD			70,377	127,905
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 49,332	155,501	49,332	155,501
Scenario, Previously Reported [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income		53,982		103,770
Adjustments to reconcile net income from operations to net cash from operating activities:
Depreciation				26,153
Amortization				25,969
Change in deferred income taxes				3,868
Excess tax benefits from stock-based compensation, Operating Activities				(3,152)
Expense for stock-based compensation				4,541
Gain/loss on disposal of assets				(52)
Changes in operating assets and liabilities:
Change in receivables				94,694
Change in prepaid expenses, deferred costs and other				(14,672)
Change in accounts payable				(970)
Change in accrued expenses				(16,200)
Change in income taxes				11,660
Change in deferred revenues				(104,293)
Net cash from operating activities				131,316
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures				(21,866)
Proceeds from sale of assets				2,809
Internal use software				(6,980)
Computer software developed				(29,015)
Net cash from investing activities				(55,052)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities				0
Repayments on credit facilities				(13,630)
Dividends paid				(34,146)
Excess tax benefits from stock-based compensation, Financing Activities				3,152
Proceeds from issuance of common stock upon exercise of stock options				221
Minimum tax withholding payments related to option exercises				(6,239)
Proceeds from sale of common stock, net				1,974
Net cash from financing activities				(48,668)
NET CHANGE IN CASH AND CASH EQUIVALENTS				27,596
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD			70,377	127,905
CASH AND CASH EQUIVALENTS, END OF PERIOD		155,501		155,501
Scenario, Adjustment [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income		(5,621)		(12,187)
Adjustments to reconcile net income from operations to net cash from operating activities:
Depreciation				0
Amortization				0
Change in deferred income taxes				(7,757)
Excess tax benefits from stock-based compensation, Operating Activities				0
Expense for stock-based compensation				0
Gain/loss on disposal of assets				0
Changes in operating assets and liabilities:
Change in receivables				0
Change in prepaid expenses, deferred costs and other				(11,668)
Change in accounts payable				0
Change in accrued expenses				0
Change in income taxes				0
Change in deferred revenues				31,612
Net cash from operating activities				0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures				0
Proceeds from sale of assets				0
Internal use software				0
Computer software developed				0
Net cash from investing activities				0
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities				0
Repayments on credit facilities				0
Dividends paid				0
Excess tax benefits from stock-based compensation, Financing Activities				0
Proceeds from issuance of common stock upon exercise of stock options				0
Minimum tax withholding payments related to option exercises				0
Proceeds from sale of common stock, net				0
Net cash from financing activities				0
NET CHANGE IN CASH AND CASH EQUIVALENTS				0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD			$ 0	0
CASH AND CASH EQUIVALENTS, END OF PERIOD		$ 0		$ 0

Restatement of Condensed Cons49

Restatement of Condensed Consolidated Financial Statements Prior Period Reclassification (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Excess tax benefits from stock-based compensation, Operating Activities	$ (4,006)	$ (3,152)