Jack Henry & Associates (JKHY) 10-Q 7 May 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2021	Apr. 29, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--06-30
Entity Registrant Name	HENRY JACK & ASSOCIATES INC
Entity Central Index Key	0000779152
Entity File Number	0-14112
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		74,282,912

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 70,116	$ 213,345
Receivables, net	207,736	300,945
Income tax receivable	9,511	21,051
Prepaid expenses and other	107,575	95,525
Deferred costs	47,731	38,235
Total current assets	442,669	669,101
PROPERTY AND EQUIPMENT, net	248,041	273,432
OTHER ASSETS:
Non-current deferred costs	125,036	113,525
Computer software, net of amortization	360,335	340,466
Other non-current assets	234,838	220,591
Other intangible assets, net of amortization	27,868	29,917
Goodwill	687,458	686,334
Total other assets	1,520,789	1,485,941
Total assets	2,211,499	2,428,474
CURRENT LIABILITIES:
Accounts payable	7,833	9,880
Accrued expenses	152,669	166,689
Notes payable and current maturities of long-term debt	117	115
Deferred revenues	141,110	318,161
Total current liabilities	301,729	494,845
LONG TERM LIABILITIES:
Non-current deferred revenues	70,928	71,461
Deferred income tax liability	257,203	243,998
Debt, net of current maturities	200,120	208
Other long-term liabilities	66,076	68,274
Total long term liabilities	594,327	383,941
Total liabilities	896,056	878,786
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; 103,765,778 shares issued at March 31, 2021; 103,622,563 shares issued at June 30, 2020	1,038	1,036
Additional paid-in capital	510,800	495,005
Retained earnings	2,369,656	2,235,320
Less treasury stock at cost; 29,492,903 shares at March 31, 2021; 26,992,903 shares at June 30, 2020	(1,566,051)	(1,181,673)
Total stockholders' equity	1,315,443	1,549,688
Total liabilities and equity	2,211,499	2,428,474
Customer Relationships [Member]
OTHER ASSETS:
Customer relationships, net of amortization	$ 85,254	$ 95,108

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Mar. 31, 2021	Jun. 30, 2020
Statement of Financial Position [Abstract]
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	103,765,778	103,622,563
Treasury Stock, Shares	29,492,903	26,992,903

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
REVENUE	$ 433,776	$ 429,406	$ 1,307,938	$ 1,286,530
EXPENSES
Cost of Revenue	267,770	258,571	788,481	753,629
Research and Development	27,395	28,308	80,233	80,086
Selling, General and Administrative	47,408	50,589	136,801	148,985
Total Expenses	342,573	337,468	1,005,515	982,700
OPERATING INCOME	91,203	91,938	302,423	303,830
INTEREST INCOME (EXPENSE)
Interest income	24	197	144	1,050
Interest expense	(290)	(165)	(525)	(477)
Total Interest Income (Expense)	(266)	32	(381)	573
INCOME BEFORE INCOME TAXES	90,937	91,970	302,042	304,403
PROVISION FOR INCOME TAXES	19,528	18,115	67,435	69,080
NET INCOME	$ 71,409	$ 73,855	$ 234,607	$ 235,323
Earnings Per Share
Basic earnings per share	$ 0.95	$ 0.96	$ 3.09	$ 3.06
Basic weighted average shares outstanding	75,357	76,683	76,022	76,845
Diluted earnings per share	$ 0.95	$ 0.96	$ 3.08	$ 3.06
Diluted weighted average shares outstanding	75,431	76,884	76,141	76,962

CONDENSED CONSOLIDATED STATEM_2

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 [Member]
Balance, beginning of period (value) at Jun. 30, 2019			$ 1,035	$ 472,029	$ 2,066,073	$ (1,110,124)
Balance, beginning of period (value) (Accounting Standards Update 2016-13) at Jun. 30, 2019					0
Shares, beginning of period at Jun. 30, 2019			103,496,026
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			47,098
Shares issued for Employee Stock Purchase Plan (shares)			56,520
Shares issued for equity-based payment arrangements (value)			$ 0	0
Tax withholding related to share-based compensation				(3,328)
Shares issued for Employee Stock Purchase Plan (value)			1	7,200
Stock-based compensation expense				11,689
Net Income	$ 235,323				235,323
Dividends					(94,486)
Purchase of treasury shares						(71,549)
Balance, end of period (value) at Mar. 31, 2020	$ 1,513,863		$ 1,036	487,590	2,206,910	(1,181,673)
Shares, end of period at Mar. 31, 2020			103,599,644
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 1.23
Balance, beginning of period (value) at Dec. 31, 2019			$ 1,036	481,005	2,166,039	(1,161,334)
Balance, beginning of period (value) (Accounting Standards Update 2016-13) at Dec. 31, 2019					0
Shares, beginning of period at Dec. 31, 2019			103,572,129
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			8,616
Shares issued for Employee Stock Purchase Plan (shares)			18,899
Shares issued for equity-based payment arrangements (value)			$ 0	0
Tax withholding related to share-based compensation				(703)
Shares issued for Employee Stock Purchase Plan (value)			0	2,597
Stock-based compensation expense				4,691
Net Income	$ 73,855				73,855
Dividends					(32,984)
Purchase of treasury shares						(20,339)
Balance, end of period (value) at Mar. 31, 2020	$ 1,513,863		$ 1,036	487,590	2,206,910	(1,181,673)
Shares, end of period at Mar. 31, 2020			103,599,644
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.43
Preferred Shares		0
Balance, beginning of period (value) at Jun. 30, 2020	$ 1,549,688		$ 1,036	495,005	2,235,320	(1,181,673)
Balance, beginning of period (value) (Accounting Standards Update 2016-13) at Jun. 30, 2020					(493)
Shares, beginning of period at Jun. 30, 2020			103,622,563
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			84,893
Shares issued for Employee Stock Purchase Plan (shares)			58,322
Shares issued for equity-based payment arrangements (value)			$ (1)	(1)
Tax withholding related to share-based compensation				(7,181)
Shares issued for Employee Stock Purchase Plan (value)			1	8,018
Stock-based compensation expense				14,959
Net Income	234,607				234,607
Dividends					(99,778)
Purchase of treasury shares						(384,378)
Balance, end of period (value) at Mar. 31, 2021	$ 1,315,443		$ 1,038	510,800	2,369,656	(1,566,051)
Shares, end of period at Mar. 31, 2021			103,765,778
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 1.32
Balance, beginning of period (value) at Dec. 31, 2020			$ 1,037	503,205	2,332,509	(1,291,572)
Balance, beginning of period (value) (Accounting Standards Update 2016-13) at Dec. 31, 2020					0
Shares, beginning of period at Dec. 31, 2020			103,736,703
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			6,479
Shares issued for Employee Stock Purchase Plan (shares)			22,596
Shares issued for equity-based payment arrangements (value)			$ 0	0
Tax withholding related to share-based compensation				(493)
Shares issued for Employee Stock Purchase Plan (value)			1	2,881
Stock-based compensation expense				5,207
Net Income	$ 71,409				71,409
Dividends					(34,262)
Purchase of treasury shares						(274,479)
Balance, end of period (value) at Mar. 31, 2021	$ 1,315,443		$ 1,038	$ 510,800	$ 2,369,656	$ (1,566,051)
Shares, end of period at Mar. 31, 2021			103,765,778
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.46
Preferred Shares		0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 234,607	$ 235,323
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	39,816	38,812
Amortization	92,189	89,160
Change in deferred income taxes	13,205	9,082
Expense for stock-based compensation	14,959	11,688
(Gain) Loss on Disposal of Assets	(2,206)	3,095
Changes in operating assets and liabilities:
Change in receivables	92,716	99,425
Change in prepaid expenses, deferred costs and other	(34,886)	(28,396)
Change in accounts payable	(1,529)	(2,129)
Change in accrued expenses	(19,164)	(21,446)
Change in income taxes	13,629	9,905
Change in deferred revenues	(177,021)	(168,066)
Net cash from operating activities	266,315	276,453
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for acquisitions, net of cash acquired	(2,300)	(30,376)
Capital expenditures	(14,916)	(39,563)
Proceeds from dispositions	6,187	11,106
Purchased Software	(5,820)	(6,133)
Computer software developed	(95,991)	(87,284)
Purchase of Investments	(13,300)	(1,150)
Net cash from investing activities	(126,140)	(153,400)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities	200,000	55,000
Repayments on financing leases	(86)	(6)
Purchase of treasury stock	(384,378)	(71,549)
Dividends paid	(99,778)	(94,486)
Proceeds from issuance of common stock upon exercise of stock options	1	0
Tax withholding payments related to share based compensation	(7,182)	(3,327)
Proceeds from sale of common stock	8,019	7,201
Net cash from financing activities	(283,404)	(107,167)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(143,229)	15,886
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	213,345	93,628
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 70,116	$ 109,514

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies (Text Block)	9 Months Ended
	Mar. 31, 2021
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 leading provider of technology solutions and payment processing services primarily for the financial services industry. The Company 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 by providing the conversion and implementation services for financial institutions to utilize JKHY systems, and by providing payment processing other related services. JKHY also provides continuing support and services to customers using on-premise or JKHY cloud-based systems. 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, 2021 and 2020 equals the Company’s net income. Change in Accounting Policy The Company adopted FASB Accounting Standards Codification ("ASC") Topic 326, Financial Instruments - Credit Losses, ("CECL") with an adoption date of July 1, 2020 (see Note 2). As a result, the Company changed its accounting policy for allowance for credit losses. The accounting policy pursuant to CECL is disclosed below. The adoption of CECL resulted in an immaterial cumulative effect adjustment recorded in retained earnings as of July 1, 2020. 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 period ended March 31, 2021: Three Months Ended March 31, 2021 Nine Months Ended March 31, 2021 Allowance for credit losses - beginning balance $ 6,830 $ 6,719 Cumulative effect of accounting standards update adoption — 493 Current provision for expected credit losses 540 1,450 Write-offs charged against allowance (252) (1,538) Recoveries of amounts previously written off — (4) Other — (2) Allowance for credit losses - ending balance $ 7,118 $ 7,118 While the novel coronavirus ("COVID-19") pandemic did not result in a significant increase in the Company’s expected credit loss allowance recorded as of March 31, 2021, the Company believes it is reasonably possible that future developments related to the economic impact of the COVID-19 pandemic could have a material impact on management’s estimates (see Use of Estimates below). 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, 2021 totaled $428,063 and at June 30, 2020 totaled $404,388. 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 three to twenty years. Accumulated amortization of intangible assets totaled $889,945 and $812,856 at March 31, 2021 and June 30, 2020, respectively. Purchase of Investments At June 30, 2020, the Company had an investment in the preferred stock of Automated Bookkeeping, Inc ("Autobooks") of $6,000 and at March 31, 2021 of $13,250, 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, 2021, there were 29,493 shares in treasury stock and the Company had the remaining authority to repurchase up to 498 additional shares. The total cost of treasury shares at March 31, 2021 was $1,566,051. During the first nine months of fiscal 2021, the Company repurchased 2,500 shares for the treasury. At June 30, 2020, there were 26,993 shares in treasury stock and the Company had authority to repurchase up to 2,998 additional shares. The total cost of treasury shares at June 30, 2020 was $1,181,673. 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 deferred 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, 2020. 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, 2020, 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, 2021, the results of its operations for the three and nine months ended March 31, 2021 and 2020, changes in stockholders' equity for the three and nine months ended March 31, 2021 and 2020, and its cash flows for the nine months ended March 31, 2021 and 2020. The condensed consolidated balance sheet at June 30, 2020 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, 2021 are not necessarily indicative of the results to be expected for the entire year. Use of Estimates The extent to which the COVID-19 pandemic will directly or indirectly impact our business and financial results, including revenue, expenses, cost of revenues, research and development, and selling, general and administrative expenses, will depend on future developments that are highly uncertain, such as new information that may emerge concerning COVID-19 and the actions taken to contain or treat COVID-19 (including the efficacy and distribution of any vaccines), as well as the economic impact on local, regional, national and international customers and markets. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of March 31, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company’s allowance for credit losses, as well as the carrying value of goodwill and other long-lived assets. While there was not a material impact to the Company’s consolidated financial statements as of and for the quarter ended March 31, 2021, the Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to the Company’s consolidated financial statements in future reporting periods.

Recent Accounting Pronouncement

Recent Accounting Pronouncements Recent Accounting Pronouncements (Text Block)	9 Months Ended
	Mar. 31, 2021
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Adopted Accounting Guidance [Text Block]	Recently Adopted Accounting Guidance In January 2017, the FASB issued Accounting Standard Update ("ASU") No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates Step 2 of the goodwill impairment test that had required a hypothetical purchase price allocation. Rather, entities should apply the same impairment assessment to all reporting units and recognize an impairment loss for the amount by which a reporting unit’s carrying amount exceeds its fair value, without exceeding the total amount of goodwill allocated to that reporting unit. Entities will continue to have the option to perform a qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The Company adopted ASU No. 2017-04 on July 1, 2020 and the adoption did not have a material impact on its condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), or CECL, which prescribes an impairment model for most financial instruments based on expected losses rather than incurred losses. Under this model, an estimate of expected credit losses over the contractual life of the instrument is to be recorded as of the end of a reporting period as an allowance to offset the amortized cost basis, resulting in a net presentation of the amount expected to be collected on the financial instrument. For most instruments, entities must apply the standard using a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year of adoption. The Company adopted CECL effective July 1, 2020 using the required modified retrospective approach, which resulted in a cumulative-effect decrease to beginning retained earnings of $493. Financial assets and liabilities held by the Company subject to the “expected credit loss” model prescribed by CECL include trade and other receivables as well as contract assets (see Note 1).
Not Yet Adopted [Text Block]	Not Yet Adopted In December of 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which removes certain exceptions and simplifies other requirements of Topic 740 guidance. The ASU will be effective for the Company on July 1, 2021. Early adoption of the amendments is permitted, including adoption in any interim period for public business entities for periods for which financial statements have not yet been issued. An entity that elects to early adopt the amendments in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption must adopt all the amendments in the same period. The Company plans to adopt ASU 2019-12 effective July 1, 2021 and does not expect the adoption to have a material impact on its consolidated financial statements.

Revenue and Deferred Costs Reve

Revenue and Deferred Costs Revenue and Deferred Costs (Notes)	9 Months Ended
	Mar. 31, 2021
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, 2021 2020 2021 2020 Private & Public Cloud 1 $ 128,703 $ 120,443 $ 374,160 $ 344,922 Product Delivery & Services 49,235 72,891 154,547 205,962 On-Premise Support 2 76,701 76,870 257,802 253,332 Services & Support 254,639 270,204 786,509 804,216 Processing 179,137 159,202 521,429 482,314 Total Revenue $ 433,776 $ 429,406 $ 1,307,938 $ 1,286,530 1 The name of this revenue stream was changed in third quarter fiscal 2021 from "outsourcing and cloud" to "private and public cloud" to better reflect the nature of the related revenue. However, the nature of the revenue included within this caption has not changed and is the same in the current quarter and year-to-date period as it was in the comparative periods of fiscal 2020 and prior. 2 The name of this revenue stream was changed in third quarter fiscal 2021 from "in-house support" to "on-premise support" to better reflect the nature of the related revenue. However, the nature of the revenue included within this caption has not changed and is the same in the current quarter and year-to-date period as it was in the comparative periods of fiscal 2020 and prior. Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. March 31, June 30, Receivables, net $ 207,736 $ 300,945 Contract Assets- Current 18,439 21,609 Contract Assets- Non-current 52,920 54,293 Contract Liabilities (Deferred Revenue)- Current 141,110 318,161 Contract Liabilities (Deferred Revenue)- Non-current 70,928 71,461 Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, but 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, 2021 and 2020, the Company recognized revenue of $77,911 and $87,768, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. For the nine months ended March 31, 2021 and 2020, the Company recognized revenue of $207,804 and $216,684, 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, 2021, 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 $4,189,051. The Company expects to recognize approximately 26% 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 $299,413 and $271,010, at March 31, 2021 and June 30, 2020, respectively. For the three months ended March 31, 2021 and 2020, amortization of deferred contract costs was $29,384 and $28,849, respectively. During the nine months ended March 31, 2021 and 2020, amortization of deferred contract costs totaled $92,004 and $88,063, respectively. There were no impairment losses in relation to capitalized costs for the periods presented.

Fair Value Measures and Disclos

Fair Value Measures and Disclosures	9 Months Ended
	Mar. 31, 2021
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, 2021 Financial Assets: Certificates of Deposit $ — $ 6,200 $ — $ 6,200 June 30, 2020 Financial Assets: Certificates of Deposit $ — $ — $ — $ —

Leases Leases (Notes)

Leases Leases (Notes)	9 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASESThe 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 13 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, 2021 and June 30, 2020, the Company had operating lease assets of $59,132 and $63,948 and financing lease assets of $231 and $318, respectively. At March 31, 2021, total operating lease liabilities of $64,047 were comprised of current operating lease liabilities of $11,737 and noncurrent operating lease liabilities of $52,310, and total financing lease liabilities of $237 were comprised of current financing lease liabilities of $117 and noncurrent financing lease liabilities of $120. At June 30, 2020, total operating lease liabilities of $68,309 were comprised of current operating lease liabilities of $11,712 and noncurrent operating lease liabilities of $56,597, and total financing lease liabilities of $323 were comprised of current financing lease liabilities of $115 and noncurrent financing lease liabilities of $208. 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 $21,388 and $13,719 as of March 31, 2021 and June 30, 2020, 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 $125 and $38 as of March 31, 2021 and June 30, 2020, respectively. Operating lease costs for the three months ended March 31, 2021 and 2020 were $3,573 and $3,999, respectively. Operating lease costs for the nine months ended March 31, 2021 and 2020 were $11,312 and $12,030, respectively. Financing lease costs for the three and nine months ended March 31, 2021 were $30 and $92, respectively, and were $10 for both the three and nine months of fiscal 2020. Total operating and financing lease costs for the respective quarters included variable lease costs of approximately $1,015 and $934. Total operating and financing lease costs for the respective year-to-date periods included variable lease costs of approximately $3,205 and $2,593. Operating and financing lease expense are included within cost of services, research and development, and selling, general & administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s condensed consolidated statement of income. For the nine months ended March 31, 2021 and 2020, the Company had operating cash flows for payments on operating leases of $10,121 and $11,676, and right-of-use assets obtained in exchange for operating lease liabilities of $4,746 and $2,138, respectively. Operating cash flows for interest paid on financing leases for the nine months ended March 31, 2021 and 2020 were $5 and $1, respectively. As of March 31, 2021 and June 30, 2020, the weighted-average remaining lease term for the Company's operating leases was 82 months and 88 months and the weighted-average discount rate was 2.64% and 2.76%, respectively. As of March 31, 2021 and June 30, 2020, the weighted-average remaining lease term for the Company's financing leases was 24 months and 33 months, respectively. The weighted-average discount rate for the Company's financing leases was 2.42% as of March 31, 2021 and June 30, 2020. 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, 2021*: Due Dates (fiscal year) Future Minimum Rental Payments 2021 (remaining period) $ 3,203 2022 13,320 2023 11,862 2024 9,686 2025 6,899 Thereafter 25,165 Total lease payments $ 70,135 Less: interest (6,088) Present value of lease liabilities $ 64,047 * 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, 2021, there were no legally binding lease payments for leases signed but not yet commenced.

Debt (Text Block)

Debt (Text Block)	9 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt and Capital Leases Disclosures [Text Block]	DEBT Revolving credit facility On February 10, 2020, the Company entered into a five-year senior, unsecured revolving credit facility. The credit facility allows for borrowings of up to $300,000, which may be increased by the Company at any time until maturity to $700,000. The credit facility bears 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 ("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 credit facility 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 facility agreement. As of March 31, 2021, the Company was in compliance with all such covenants. The revolving credit facility terminates February 10, 2025. There was $200,000 outstanding under the credit facility at March 31, 2021 and no outstanding balance at June 30, 2020. 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, 2023. There was no balance outstanding at March 31, 2021 or June 30, 2020. Interest The Company paid interest of $525 and $275 during the nine months ended March 31, 2021 and 2020, respectively.

Income Taxes (Text Block)

Income Taxes (Text Block)	9 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES Provision for income taxes increased for the three months ended March 31, 2021 compared to the three months ended March 31, 2020 with an effective tax rate of 21.5% of income before income taxes, compared to 19.7% in the prior fiscal year quarter. The increase in the effective tax rate comparing the three month periods ended March 31, was primarily due to a change in the timing of the release of reserves for uncertain tax positions resulting from varying statute of limitation periods. For the nine months ended March 31, 2021, provision for income taxes decreased compared to the nine months ended March 31, 2020, with an effective tax rate of 22.3% of income before income taxes, compared to 22.7% for the same period last year. The decrease to the Company’s fiscal year-to-date effective tax rate compared to the prior fiscal year period was primarily due to the difference in impact of share-based compensation that vested during each of the periods. The Company paid income taxes, net of refunds, of $40,440 and $49,970 in the nine months ended March 31, 2021 and 2020, respectively. At March 31, 2021, the Company had $11,731 of gross unrecognized tax benefits before interest and penalties, $10,886 of which, if recognized, would affect our effective tax rate. At March 31, 2021, the Company had accrued interest and penalties of $2,035 related to uncertain tax positions. The U.S. federal and state income tax returns for fiscal 2017 and all subsequent years remain subject to examination as of March 31, 2021 under statute of limitations rules. The Company believes it is reasonably possible that the liability for unrecognized tax benefits could reduce by $3,500 to $4,500 within twelve months of March 31, 2021 due to lapsing statutes of limitations and examination closures..

Stock Based Compensation (Text

Stock Based Compensation (Text Block)	9 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	STOCK-BASED COMPENSATION Our operating income for the three months ended March 31, 2021 and 2020 included $5,207 and $4,691 of stock-based compensation costs, respectively. Our operating income for the nine months ended March 31, 2021 and 2020 included $14,959 and $11,688 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 Outstanding July 1, 2020 22 $ 87.27 Granted — — Forfeited — — Exercised — — Outstanding March 31, 2021 22 $ 87.27 $ 1,398 Vested and Expected to Vest March 31, 2021 22 $ 87.27 $ 1,398 Exercisable March 31, 2021 22 $ 87.27 $ 1,398 At March 31, 2021, 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, 2021 was 5.25 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, 2021: Unit awards Units Weighted Aggregate Intrinsic Value Outstanding July 1, 2020 307 $ 136.41 Granted 109 171.43 Vested (113) 107.34 Forfeited (1) 139.17 Outstanding March 31, 2021 302 $ 159.83 $ 45,817 The 109 unit awards granted in fiscal 2021 had service requirements and performance targets, with 74 having only service requirements. Those 74 unit awards 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 35 unit awards granted in fiscal 2021 had performance targets along with service requirements, all of which were valued using a Monte Carlo pricing model as of the measurement date customized to the specific provisions of the Company’s plan design to value the unit awards as of the grant date. Per the Company's award vesting and settlement provisions, approximately half of 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 2021, and the other half of the awards utilizing a Monte Carlo pricing model were valued at grant on the basis of Total Shareholder Return in comparison to the Standard & Poor's 1500 Information Technology Index (S&P 1500 IT Index) participants. 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. Compensation Peer Group S&P 1500 IT Index Volatility 25.17 % 25.17 % Risk free interest rate 0.11 % 0.11 % Annual dividend based on most recent quarterly dividend 1.72 1.72 Beginning TSR 37 % 30 % At March 31, 2021, there was $23,718 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 1.40 years.

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Text Block)	9 Months Ended
	Mar. 31, 2021
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, 2021 2020 2021 2020 Net Income $ 71,409 $ 73,855 $ 234,607 $ 235,323 Common share information: Weighted average shares outstanding for basic earnings per share 75,357 76,683 76,022 76,845 Dilutive effect of stock options and restricted stock 74 201 119 117 Weighted average shares outstanding for diluted earnings per share 75,431 76,884 76,141 76,962 Basic earnings per share $ 0.95 $ 0.96 $ 3.09 $ 3.06 Diluted earnings per share $ 0.95 $ 0.96 $ 3.08 $ 3.06 Per share information is based on the weighted average number of common shares outstanding for the three and nine months ended March 31, 2021 and 2020. Stock options and restricted stock units have been included in the calculation of earnings per share to the extent they are dilutive. There were no anti-dilutive stock options or restricted stock units excluded for the quarter ended March 31, 2021 and 3 were excluded for the quarter ended March 31, 2020. There were no anti-dilutive stock options or restricted stock units excluded for the nine months ended March 31, 2021 and 48 were excluded for the nine months ended March 31, 2020.

Business Acquisitions (Text Blo

Business Acquisitions (Text Block)	9 Months Ended
	Mar. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Business Acquisition Disclosure [Text Block]	BUSINESS ACQUISITIONS Geezeo On July 1, 2019, the Company acquired all of the equity interest of DebtFolio, Inc. ("Geezeo") for $37,776 paid in cash. The primary reason for the acquisition was to expand the Company's digital financial management solutions and the purchase was funded by cash generated from operations. Geezeo is a Boston-based provider of retail and business digital financial management solutions. Management has completed a purchase price allocation and its 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 July 1, 2019 are set forth below: Current assets $ 8,925 Long-term assets 397 Identifiable intangible assets 19,114 Deferred income tax liability (2,593) Total other liabilities assumed (7,457) Total identifiable net assets 18,386 Goodwill 19,390 Net assets acquired $ 37,776 The goodwill of $19,390 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 Geezeo, together with the value of Geezeo's assembled workforce. The goodwill from this acquisition has been allocated to our Complementary segment and is not deductible for income tax purposes. Identifiable intangible assets from this acquisition consist of customer relationships of $10,522, computer software of $5,791, and other intangible assets of $2,801. The amortization period for acquired customer relationships, computer software, and other intangible assets is 15 years for each. Current assets were inclusive of cash acquired of $7,400. The fair value of current assets acquired included accounts receivable of $1,373, none of which were expected to be uncollectible. Costs incurred related to the acquisition of Geezeo in fiscal 2020 totaled $30 for 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 months ended March 31, 2021 included revenue of $3,328 and after-tax net income of $1,190 resulting from Geezeo's operations. The Company's condensed consolidated statements of income for the three months ended March 31, 2020 included revenue of $2,356 and after-tax net income of $345 resulting from Geezeo's operations. The Company's condensed consolidated statements of income for the nine months ended March 31, 2021 included revenue of $9,814 and after-tax net income of $3,413 resulting from Geezeo's operations. The Company's condensed consolidated statements of income for the nine months ended March 31, 2020 included revenue of $6,787 and after-tax net income of $523 resulting from Geezeo's operations. The accompanying condensed consolidated statements of income for the three and nine months ended March 31, 2021 and 2020 do not include any revenues and expenses related to this acquisition prior to the acquisition date. The impact of this acquisition was considered immaterial to the current and prior periods of our condensed consolidated financial statements and pro forma financial information has not been provided.

Reportable Segment Information

Reportable Segment Information (Text Block)	9 Months Ended
	Mar. 31, 2021
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. During the second quarter of fiscal 2021, Jack Henry's call center was consolidated into the Complementary segment. As a result of this consolidation, an immaterial adjustment was made during the third quarter of fiscal 2021 to reclassify revenue and related costs recognized during the three and nine months ended March 31, 2020 from the Core to the Complementary segment. The revenue amounts reclassified were $5,320 for the three months ended March 31, 2020, and $14,795 for the nine months ended March 31, 2020. The cost of revenue amounts reclassified were $3,442 for the three months ended March 31, 2020, and $8,992 for the nine months ended March 31, 2020. An additional immaterial adjustment was made after the quarter ended December 31, 2019 to reclassify cost of revenue recognized in the year-to-date period of fiscal 2020 from the Corporate & Other to the Payments segment to be consistent with the current allocation of cost of revenue by segment. There was no amount reclassified for the three months ended March 31, 2020 and $131 for the nine months ended March 31, 2020. Three Months Ended March 31, 2021 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 126,400 $ 15,978 $ 100,421 $ 11,840 $ 254,639 Processing 8,749 144,863 25,010 515 179,137 Total Revenue 135,149 160,841 125,431 12,355 433,776 Cost of Revenue 63,259 87,628 54,207 62,676 267,770 Research and Development 27,395 Selling, General, and Administrative 47,408 Total Expenses 342,573 SEGMENT INCOME $ 71,890 $ 73,213 $ 71,224 $ (50,321) OPERATING INCOME 91,203 INTEREST INCOME (EXPENSE) (266) INCOME BEFORE INCOME TAXES $ 90,937 Three Months Ended March 31, 2020 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 133,362 $ 19,506 $ 103,680 $ 13,656 $ 270,204 Processing 7,758 130,854 20,304 286 159,202 Total Revenue 141,120 150,360 123,984 13,942 429,406 Cost of Revenue 62,699 80,836 52,133 62,903 258,571 Research and Development 28,308 Selling, General, and Administrative 50,589 Total Expenses 337,468 SEGMENT INCOME $ 78,421 $ 69,524 $ 71,851 $ (48,961) OPERATING INCOME 91,938 INTEREST INCOME (EXPENSE) 32 INCOME BEFORE INCOME TAXES $ 91,970 Nine Months Ended March 31, 2021 Core Payments Complementary Corporate & Other Total REVENUE Services and Support 397,744 47,089 307,799 33,877 786,509 Processing 25,509 425,667 69,394 859 521,429 Total Revenue 423,253 472,756 377,193 34,736 1,307,938 Cost of Revenue 185,668 260,411 158,638 183,764 788,481 Research and Development 80,233 Selling, General, and Administrative 136,801 Total Expenses 1,005,515 SEGMENT INCOME $ 237,585 $ 212,345 $ 218,555 $ (149,028) OPERATING INCOME 302,423 INTEREST INCOME (EXPENSE) (381) INCOME BEFORE INCOME TAXES $ 302,042 Nine Months Ended March 31, 2020 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 402,759 $ 51,643 $ 306,083 $ 43,731 $ 804,216 Processing 23,150 400,508 58,054 602 482,314 Total Revenue 425,909 452,151 364,137 44,333 1,286,530 Cost of Revenue 181,697 236,725 152,376 182,831 753,629 Research and Development 80,086 Selling, General, and Administrative 148,985 Total Expenses 982,700 SEGMENT INCOME $ 244,212 $ 215,426 $ 211,761 $ (138,498) OPERATING INCOME 303,830 INTEREST INCOME (EXPENSE) 573 INCOME BEFORE INCOME TAXES $ 304,403 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.

Subsequent Events Subsequent Ev

Subsequent Events Subsequent Events (Text Block)	9 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTSNone.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2021
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, Plant 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 three to twenty 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 Tax, Policy	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 deferred benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense.

Fair Value Measures and Discl_2

Fair Value Measures and Disclosures (Policies)	9 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy 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

Leases Leases (Policies)

Leases Leases (Policies)	9 Months Ended
	Mar. 31, 2021
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 13 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 Summ_3

Nature of Operations and Summary of Significant Accounting Policies- Loss on Disposal of Assets, net (Tables)	9 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Allowance for Credit Loss	The following table summarizes allowance for credit losses activity for the fiscal quarter and year-to-date period ended March 31, 2021: Three Months Ended March 31, 2021 Nine Months Ended March 31, 2021 Allowance for credit losses - beginning balance $ 6,830 $ 6,719 Cumulative effect of accounting standards update adoption — 493 Current provision for expected credit losses 540 1,450 Write-offs charged against allowance (252) (1,538) Recoveries of amounts previously written off — (4) Other — (2) Allowance for credit losses - ending balance $ 7,118 $ 7,118

Revenue and Deferred Costs Re_2

Revenue and Deferred Costs Revenue and Deferred Costs (Tables)	9 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	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, 2021 2020 2021 2020 Private & Public Cloud 1 $ 128,703 $ 120,443 $ 374,160 $ 344,922 Product Delivery & Services 49,235 72,891 154,547 205,962 On-Premise Support 2 76,701 76,870 257,802 253,332 Services & Support 254,639 270,204 786,509 804,216 Processing 179,137 159,202 521,429 482,314 Total Revenue $ 433,776 $ 429,406 $ 1,307,938 $ 1,286,530 1 The name of this revenue stream was changed in third quarter fiscal 2021 from "outsourcing and cloud" to "private and public cloud" to better reflect the nature of the related revenue. However, the nature of the revenue included within this caption has not changed and is the same in the current quarter and year-to-date period as it was in the comparative periods of fiscal 2020 and prior. 2 The name of this revenue stream was changed in third quarter fiscal 2021 from "in-house support" to "on-premise support" to better reflect the nature of the related revenue. However, the nature of the revenue included within this caption has not changed and is the same in the current quarter and year-to-date period as it was in the comparative periods of fiscal 2020 and prior.
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, June 30, Receivables, net $ 207,736 $ 300,945 Contract Assets- Current 18,439 21,609 Contract Assets- Non-current 52,920 54,293 Contract Liabilities (Deferred Revenue)- Current 141,110 318,161 Contract Liabilities (Deferred Revenue)- Non-current 70,928 71,461

Fair Value Measures and Discl_3

Fair Value Measures and Disclosures (Tables)	9 Months Ended
	Mar. 31, 2021
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, 2021 Financial Assets: Certificates of Deposit $ — $ 6,200 $ — $ 6,200 June 30, 2020 Financial Assets: Certificates of Deposit $ — $ — $ — $ —

Leases Leases (Tables)

Leases Leases (Tables)	9 Months Ended
	Mar. 31, 2021
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, 2021*: Due Dates (fiscal year) Future Minimum Rental Payments 2021 (remaining period) $ 3,203 2022 13,320 2023 11,862 2024 9,686 2025 6,899 Thereafter 25,165 Total lease payments $ 70,135 Less: interest (6,088) Present value of lease liabilities $ 64,047 * 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, 2021, there were no legally binding lease payments for leases signed but not yet commenced.

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2021
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 Outstanding July 1, 2020 22 $ 87.27 Granted — — Forfeited — — Exercised — — Outstanding March 31, 2021 22 $ 87.27 $ 1,398 Vested and Expected to Vest March 31, 2021 22 $ 87.27 $ 1,398 Exercisable March 31, 2021 22 $ 87.27 $ 1,398
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes non-vested restricted stock unit awards as of March 31, 2021: Unit awards Units Weighted Aggregate Intrinsic Value Outstanding July 1, 2020 307 $ 136.41 Granted 109 171.43 Vested (113) 107.34 Forfeited (1) 139.17 Outstanding March 31, 2021 302 $ 159.83 $ 45,817
ScheduleOfShareBasedPaymentAwardRSUValuationAssumptionsTableTextBlock [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. Compensation Peer Group S&P 1500 IT Index Volatility 25.17 % 25.17 % Risk free interest rate 0.11 % 0.11 % Annual dividend based on most recent quarterly dividend 1.72 1.72 Beginning TSR 37 % 30 %

Earnings Per Share Earnings P_2

Earnings Per Share Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2021
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, 2021 2020 2021 2020 Net Income $ 71,409 $ 73,855 $ 234,607 $ 235,323 Common share information: Weighted average shares outstanding for basic earnings per share 75,357 76,683 76,022 76,845 Dilutive effect of stock options and restricted stock 74 201 119 117 Weighted average shares outstanding for diluted earnings per share 75,431 76,884 76,141 76,962 Basic earnings per share $ 0.95 $ 0.96 $ 3.09 $ 3.06 Diluted earnings per share $ 0.95 $ 0.96 $ 3.08 $ 3.06

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2021
Geezeo [Member]
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Management has completed a purchase price allocation and its 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 July 1, 2019 are set forth below: Current assets $ 8,925 Long-term assets 397 Identifiable intangible assets 19,114 Deferred income tax liability (2,593) Total other liabilities assumed (7,457) Total identifiable net assets 18,386 Goodwill 19,390 Net assets acquired $ 37,776

Reportable Segment Informatio_2

Reportable Segment Information (Tables)	9 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended March 31, 2021 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 126,400 $ 15,978 $ 100,421 $ 11,840 $ 254,639 Processing 8,749 144,863 25,010 515 179,137 Total Revenue 135,149 160,841 125,431 12,355 433,776 Cost of Revenue 63,259 87,628 54,207 62,676 267,770 Research and Development 27,395 Selling, General, and Administrative 47,408 Total Expenses 342,573 SEGMENT INCOME $ 71,890 $ 73,213 $ 71,224 $ (50,321) OPERATING INCOME 91,203 INTEREST INCOME (EXPENSE) (266) INCOME BEFORE INCOME TAXES $ 90,937 Three Months Ended March 31, 2020 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 133,362 $ 19,506 $ 103,680 $ 13,656 $ 270,204 Processing 7,758 130,854 20,304 286 159,202 Total Revenue 141,120 150,360 123,984 13,942 429,406 Cost of Revenue 62,699 80,836 52,133 62,903 258,571 Research and Development 28,308 Selling, General, and Administrative 50,589 Total Expenses 337,468 SEGMENT INCOME $ 78,421 $ 69,524 $ 71,851 $ (48,961) OPERATING INCOME 91,938 INTEREST INCOME (EXPENSE) 32 INCOME BEFORE INCOME TAXES $ 91,970 Nine Months Ended March 31, 2021 Core Payments Complementary Corporate & Other Total REVENUE Services and Support 397,744 47,089 307,799 33,877 786,509 Processing 25,509 425,667 69,394 859 521,429 Total Revenue 423,253 472,756 377,193 34,736 1,307,938 Cost of Revenue 185,668 260,411 158,638 183,764 788,481 Research and Development 80,233 Selling, General, and Administrative 136,801 Total Expenses 1,005,515 SEGMENT INCOME $ 237,585 $ 212,345 $ 218,555 $ (149,028) OPERATING INCOME 302,423 INTEREST INCOME (EXPENSE) (381) INCOME BEFORE INCOME TAXES $ 302,042 Nine Months Ended March 31, 2020 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 402,759 $ 51,643 $ 306,083 $ 43,731 $ 804,216 Processing 23,150 400,508 58,054 602 482,314 Total Revenue 425,909 452,151 364,137 44,333 1,286,530 Cost of Revenue 181,697 236,725 152,376 182,831 753,629 Research and Development 80,086 Selling, General, and Administrative 148,985 Total Expenses 982,700 SEGMENT INCOME $ 244,212 $ 215,426 $ 211,761 $ (138,498) OPERATING INCOME 303,830 INTEREST INCOME (EXPENSE) 573 INCOME BEFORE INCOME TAXES $ 304,403

Nature of Operations and Summ_4

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, 2021	Mar. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses- beginning balance	$ 6,830	$ 6,719
Current provision for expected credit losses	540	1,450
Write-offs charged against allowance	(252)	(1,538)
Recoveries of amounts previously written off	0	(4)
Other	0	(2)
Allowance for credit losses- ending balance	7,118	7,118
Accounting Standards Update 2016-13
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses- beginning balance	$ 0	$ (493)

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Accumulated Depreciation, Property and Equipment	$ 428,063	$ 404,388

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets, Accumulated Amortization	$ 889,945	$ 812,856
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years

Nature of Operations and Summ_7

Nature of Operations and Summary of Significant Accounting Policies Purchase of Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Automated Bookkeeping, Inc. [Member] | Preferred Stock [Member]
Cost Method Investments, Original Cost	$ 13,250	$ 6,000

Nature of Operations and Summ_8

Nature of Operations and Summary of Significant Accounting Policies Treasury Stock (Details) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Class of Stock Disclosures [Abstract]
Treasury Stock, Common, Shares	29,493	26,993
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	498	2,998
Treasury Stock, Value	$ 1,566,051	$ 1,181,673
Treasury Stock, Shares, Acquired	2,500

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements Recently Adopted Accounting Guidance (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting standards update upon adoption	$ (1,315,443)		$ (1,549,688)	$ (1,513,863)
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting standards update upon adoption	$ (2,369,656)	$ (2,332,509)	(2,235,320)	$ (2,206,910)	$ (2,166,039)	$ (2,066,073)
Accounting Standards Update 2016-13 | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting standards update upon adoption		$ 0	$ 493		$ 0	$ 0

Revenue and Deferred Costs Disa

Revenue and Deferred Costs Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 433,776	$ 429,406	$ 1,307,938	$ 1,286,530
Private & Public Cloud
Disaggregation of Revenue [Line Items]
Revenue	128,703	120,443	374,160	344,922
Product Delivery & Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	49,235	72,891	154,547	205,962
On-Premise Support
Disaggregation of Revenue [Line Items]
Revenue	76,701	76,870	257,802	253,332
Services & Support [Member]
Disaggregation of Revenue [Line Items]
Revenue	254,639	270,204	786,509	804,216
Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 179,137	$ 159,202	$ 521,429	$ 482,314

Revenue and Deferred Costs Cont

Revenue and Deferred Costs Contract Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Receivables, net	$ 207,736	$ 300,945
Contract Assets- Current	18,439	21,609
Contract Asset- Non-current	52,920	54,293
Contract Liabilities (Deferred Revenue)- Current	141,110	318,161
Contract Liabilities (Deferred Revenue)- Non- current	$ 70,928	$ 71,461

Revenue and Deferred Costs Re_3

Revenue and Deferred Costs Revenue Recognition Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning deferred balance	$ 77,911	$ 87,768	$ 207,804	$ 216,684
Future revenue related to unsatisfied performance obligations	$ 4,189,051		$ 4,189,051
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
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	26.00%		26.00%
Future revenue related to unsatisfied performance obligations, expected timing	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
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 Co_2

Revenue and Deferred Costs Contract Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Capitalized Contract Cost	$ 299,413		$ 299,413		$ 271,010
Amortization of deferred contract costs	$ 29,384	$ 28,849	$ 92,004	$ 88,063

Fair Value Measures and Discl_4

Fair Value Measures and Disclosures (Details) - Certificates of Deposit - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	$ 6,200	$ 0
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	6,200	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	$ 0	$ 0

Leases Leases (Details)

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Operating Lease, Right-of-Use Asset	$ 59,132		$ 59,132		$ 63,948
Finance Lease, Right-of-Use Asset	231		231		318
Operating Lease Liability	64,047		64,047		68,309
Operating Lease, Liability, Current	11,737		11,737		11,712
Operating Lease, Liability, Noncurrent	52,310		52,310		56,597
Finance Lease, Liability	237		237		323
Finance Lease, Liability, Current	117		117		115
Finance Lease, Liability, Noncurrent	120		120		208
Accumulated Amortization Operating Lease Right-of-use asset	21,388		21,388		13,719
Accumulated Amortization Finance Lease Right-of-use asset	125		125		$ 38
Operating Lease, Cost	3,573	$ 3,999	11,312	$ 12,030
Finance Lease, Interest Expense	30	10	92	10
Variable Lease, Cost	$ 1,015	$ 934	3,205	2,593
Operating Lease, Payments			10,121	11,676
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			4,746	2,138
Finance Lease, Interest Payment on Liability			$ 5	$ 1
Operating Lease, Weighted Average Remaining Lease Term	82 months		82 months		88 months
Operating Lease, Weighted Average Discount Rate, Percent	2.64%		2.64%		2.76%
Finance Lease, Weighted Average Remaining Lease Term	24 months		24 months		33 months
Finance Lease, Weighted Average Discount Rate, Percent	2.42%		2.42%		2.42%
Minimum [Member]
Remaining lease terms	1 year		1 year
Maximum [Member]
Remaining lease terms	13 years		13 years

Leases Lease Maturity (Details)

Leases Lease Maturity (Details) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
2021 (remaining period)	$ 3,203,000
2022	13,320,000
2023	11,862,000
2024	9,686,000
2025	6,899,000
Thereafter	25,165,000
Total lease payments	70,135,000
Less: interest	(6,088,000)
Operating Lease Liability	64,047,000	$ 68,309,000
Operating Lease Liability Option To Extend Amounts	5,464,000
Commitments [Member]
Operating Leases, Future Minimum Payments Due	$ 0

Debt Narrative (Details)

Debt Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Debt Instrument [Line Items]
Interest paid	$ 525	$ 275
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Loan, Unused Borrowing Capacity	$ 5,000
Unsecured Loan, Maturity Date	Apr. 30, 2023
Unsecured Loan, Amount Outstanding	$ 0		$ 0
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Revolving Credit Facility, Current Borrowing Capacity	300,000
Revolving Credit Facility, Maximum Borrowing Capacity	$ 700,000
Revolving Credit Facility, Expiration Date	Feb. 10, 2025
Long-term Debt	$ 200,000		$ 0
Fed Funds Effective Rate Overnight Index Swap Rate [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Line of Credit [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

Income Taxes Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Effective Tax Rate	21.50%	19.70%	22.30%	22.70%
Income Taxes Paid, Net			$ 40,440	$ 49,970
Unrecognized Tax Benefits	$ 11,731		11,731
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	10,886		10,886
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	2,035		2,035
Minimum [Member]
Expiration of statutes of limitations impact on UTB balance	3,500		3,500
Maximum [Member]
Expiration of statutes of limitations impact on UTB balance	$ 4,500		$ 4,500

Stock Based Compensation Narrat

Stock Based Compensation Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense for stock-based compensation	$ 5,207	$ 4,691	$ 14,959	$ 11,688
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			5 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	$ 23,718		$ 23,718
Compensation expense yet to be recognized, period for recognition			1 year 4 months 24 days
Granted, number of shares			109
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			ninety days
Termination period after death			one year
Termination after grant date			ten 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			74
Fair value under Monte Carlo [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			35

Stock Based Compensation Stock

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, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, period start, number of shares | shares	22
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	22
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 | $	$ 1,398
Vested and expected to vest, period end, number of shares | shares	22
Vested and expected to vest, period end, weighted average exercise price | $ / shares	$ 87.27
Vested and expected to vest, period end, intrinsic value | $	$ 1,398
Exercisable, period end, number of shares | shares	22
Exercisable, period end, weighted average exercise price | $ / shares	$ 87.27
Exercisable, period end, intrinsic value | $	$ 1,398

Stock Based Compensation Restri

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, 2021USD ($)$ / sharesshares
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	307
Granted, number of shares | shares	109
Vested, number of shares | shares	(113)
Forfeited, number of shares | shares	(1)
Outstanding, period end, number of shares | shares	302
Outstanding, period start, weighted average grant date fair value | $ / shares	$ 136.41
Granted, weighted average grant date fair value | $ / shares	171.43
Vested, weighted average grant date fair value | $ / shares	107.34
Forfeited, weighted average grant date fair value | $ / shares	139.17
Outstanding, period end, weighted average grant date fair value | $ / shares	$ 159.83
Restricted Stock Units, Aggregate Intrinsic Value, Outstanding | $	$ 45,817

Stock Based Compensation RSU Me

Stock Based Compensation RSU Measurement Date Assumptions (Details)	9 Months Ended
	Mar. 31, 2021$ / sharesRate
Compensation Peer Group [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Volatility	25.17%
Risk free interest rate	0.11%
Estimated annual dividend | $ / shares	$ 0.0172
Beginning total shareholder return	37.00%
S&P 500 IT Index [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Volatility	25.17%
Risk free interest rate	0.11%
Estimated annual dividend | $ / shares	$ 0.0172
Beginning total shareholder return	30.00%

Earnings Per Share Earnings P_3

Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share, Basic and Diluted [Abstract]
Net Income	$ 71,409	$ 73,855	$ 234,607	$ 235,323
Common share information:
Weighted average shares outstanding for basic earnings per share	75,357	76,683	76,022	76,845
Dilutive effect of stock options and restricted stock	74	201	119	117
Weighted average shares outstanding for diluted earnings per share	75,431	76,884	76,141	76,962
Basic earnings per share	$ 0.95	$ 0.96	$ 3.09	$ 3.06
Diluted earnings per share	$ 0.95	$ 0.96	$ 3.08	$ 3.06
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	3	0	48

Business Acquisitions (Details)

Business Acquisitions (Details) - USD ($) $ in Thousands	Jul. 01, 2019	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Business Acquisition [Line Items]
Goodwill		$ 687,458		$ 687,458		$ 686,334
Geezeo [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Jul. 1, 2019
Payments to Acquire Businesses, Gross	$ 37,776
Current assets	8,925
Long-term assets	397
Identifiable intangible assets	19,114
Deferred income tax liability	(2,593)
Total other liabilities assumed	(7,457)
Total identifiable net assets	18,386
Net assets acquired	37,776
Acquisition goodwill expected to be tax deductible	0
Cash Acquired from Acquisition	7,400
Acquired Receivable, Fair Value	1,373
Acquired Receivables, Estimated Uncollectible	0
Costs incurred related to acquisition	30
Revenue of Acquiree since Acquisition Date, Actual		3,328	$ 2,356	9,814	$ 6,787
Earnings or Loss of Acquiree since Acquisition Date, Actual		$ 1,190	$ 345	$ 3,413	$ 523
Business Combination, Acquired Receivables, Gross Contractual Amount	1,373
Customer Relationships [Member] | Geezeo [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 10,522
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Computer Software, Intangible Asset [Member] | Geezeo [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 5,791
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Other Intangible Assets [Member] | Geezeo [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 2,801
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Complementary [Member] | Geezeo [Member]
Business Acquisition [Line Items]
Goodwill	$ 19,390

Reportable Segment Informatio_3

Reportable Segment Information Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2021segment	Mar. 31, 2020USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | segment		4
Core [Member]
Segment Reporting [Abstract]
Reclassification of Revenue Between Reportable Segments	$ (5,320)		$ (14,795)
Reclassification of Cost Between Reportable Segments	(3,442)		(8,992)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue Between Reportable Segments	(5,320)		(14,795)
Reclassification of Cost Between Reportable Segments	(3,442)		(8,992)
Payments [Member]
Segment Reporting [Abstract]
Reclassification of Cost Between Reportable Segments	0		131
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Cost Between Reportable Segments	0		131
Complementary [Member]
Segment Reporting [Abstract]
Reclassification of Revenue Between Reportable Segments	5,320		14,795
Reclassification of Cost Between Reportable Segments	3,442		8,992
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue Between Reportable Segments	5,320		14,795
Reclassification of Cost Between Reportable Segments	3,442		8,992
Corporate and Other [Member]
Segment Reporting [Abstract]
Reclassification of Cost Between Reportable Segments	0		(131)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Cost Between Reportable Segments	$ 0		$ (131)

Reportable Segment Informatio_4

Reportable Segment Information Reconciliation of Operating Profit by Segment to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 433,776	$ 429,406	$ 1,307,938	$ 1,286,530
Cost of Revenue	267,770	258,571	788,481	753,629
Research and Development	27,395	28,308	80,233	80,086
Selling, General and Administrative	47,408	50,589	136,801	148,985
Total Expenses	342,573	337,468	1,005,515	982,700
OPERATING INCOME	91,203	91,938	302,423	303,830
INTEREST INCOME (EXPENSE)	(266)	32	(381)	573
INCOME BEFORE INCOME TAXES	90,937	91,970	302,042	304,403
Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	135,149	141,120	423,253	425,909
Cost of Revenue	63,259	62,699	185,668	181,697
SEGMENT INCOME	71,890	78,421	237,585	244,212
Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	160,841	150,360	472,756	452,151
Cost of Revenue	87,628	80,836	260,411	236,725
SEGMENT INCOME	73,213	69,524	212,345	215,426
Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	125,431	123,984	377,193	364,137
Cost of Revenue	54,207	52,133	158,638	152,376
SEGMENT INCOME	71,224	71,851	218,555	211,761
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	12,355	13,942	34,736	44,333
Cost of Revenue	62,676	62,903	183,764	182,831
SEGMENT INCOME	(50,321)	(48,961)	(149,028)	(138,498)
Services & Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	254,639	270,204	786,509	804,216
Services & Support [Member] | Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	126,400	133,362	397,744	402,759
Services & Support [Member] | Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	15,978	19,506	47,089	51,643
Services & Support [Member] | Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	100,421	103,680	307,799	306,083
Services & Support [Member] | Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	11,840	13,656	33,877	43,731
Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	179,137	159,202	521,429	482,314
Processing [Member] | Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	8,749	7,758	25,509	23,150
Processing [Member] | Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	144,863	130,854	425,667	400,508
Processing [Member] | Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	25,010	20,304	69,394	58,054
Processing [Member] | Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 515	$ 286	$ 859	$ 602