Jack Henry & Associates (JKHY) 10-Q 9 Feb 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 31, 2021	Jan. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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		72,825,033

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 29,120	$ 50,992
Receivables, net	236,096	306,564
Income tax receivable	22,881	30,243
Prepaid expenses and other	116,778	109,723
Deferred costs	62,157	46,215
Total current assets	467,032	543,737
PROPERTY AND EQUIPMENT, net	241,409	252,481
OTHER ASSETS:
Non-current deferred costs	133,223	127,205
Computer software, net of amortization	387,128	368,094
Other non-current assets	260,186	249,210
Other intangible assets, net of amortization	28,787	26,129
Goodwill	687,458	687,458
Total other assets	1,572,361	1,539,938
Total assets	2,280,802	2,336,156
CURRENT LIABILITIES:
Accounts payable	14,155	18,485
Accrued expenses	150,363	182,517
Notes payable and current maturities of long-term debt	103	110
Deferred revenues	208,733	319,748
Total current liabilities	373,354	520,860
LONG TERM LIABILITIES:
Non-current deferred revenues	67,045	75,852
Deferred income tax liability	272,331	260,758
Debt, net of current maturities	240,026	100,083
Other long-term liabilities	56,050	59,311
Total long term liabilities	635,452	496,004
Total liabilities	1,008,806	1,016,864
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; 103,860,246 shares issued at December 31, 2021; 103,795,169 shares issued at June 30, 2021	1,039	1,038
Additional paid-in capital	535,493	518,960
Retained earnings	2,542,583	2,412,496
Less treasury stock at cost; 31,042,903 shares at December 31, 2021; 29,792,903 shares at June 30, 2021	(1,807,119)	(1,613,202)
Total stockholders' equity	1,271,996	1,319,292
Total liabilities and equity	2,280,802	2,336,156
Customer Relationships [Member]
OTHER ASSETS:
Customer relationships, net of amortization	$ 75,579	$ 81,842

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Dec. 31, 2021	Jun. 30, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 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	103,860,246	103,795,169
Treasury Stock, Shares	31,042,903	29,792,903

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
REVENUE	$ 493,896	$ 422,361	$ 981,952	$ 874,161
EXPENSES
Cost of Revenue	282,825	257,782	559,460	520,711
Research and Development	29,916	26,780	56,670	52,837
Selling, General and Administrative	55,493	44,167	106,565	89,393
Total Expenses	368,234	328,729	722,695	662,941
OPERATING INCOME	125,662	93,632	259,257	211,220
INTEREST INCOME (EXPENSE)
Interest income	6	52	13	120
Interest expense	(447)	(117)	(696)	(235)
Total Interest Income (Expense)	(441)	(65)	(683)	(115)
INCOME BEFORE INCOME TAXES	125,221	93,567	258,574	211,105
PROVISION FOR INCOME TAXES	29,551	21,585	60,791	47,907
NET INCOME	$ 95,670	$ 71,982	$ 197,783	$ 163,198
Earnings Per Share
Basic earnings per share	$ 1.30	$ 0.94	$ 2.68	$ 2.14
Basic weighted average shares outstanding	73,580	76,202	73,798	76,354
Diluted earnings per share	$ 1.30	$ 0.94	$ 2.68	$ 2.13
Diluted weighted average shares outstanding	73,697	76,280	73,920	76,496

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Statement - USD ($) $ in Thousands	Total	PREFERRED SHARES	COMMON SHARES	ADDITIONAL PAID-IN CAPITAL	RETAINED EARNINGS	TREASURY STOCK
Balance, beginning of period at Jun. 30, 2020			$ 1,036	$ 495,005	$ 2,235,320	$ (1,181,673)
Balance, beginning of period (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			78,414
Shares issued for Employee Stock Purchase Plan			35,726
Shares issued for equity-based payment arrangements			$ (1)	(1)
Tax withholding related to share-based compensation				(6,689)
Shares issued for Employee Stock Purchase Plan			0	5,138
Stock-based compensation expense				9,752
Net Income	$ 163,198				163,198
Dividends					(65,516)
Purchase of treasury shares						(109,899)
Balance, end of period at Dec. 31, 2020	$ 1,545,179		$ 1,037	503,205	2,332,509	(1,291,572)
Shares, end of period at Dec. 31, 2020			103,736,703
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.86
Balance, beginning of period at Sep. 30, 2020			$ 1,037	497,030	2,293,229	(1,247,546)
Balance, beginning of period (Accounting Standards Update 2016-13) at Sep. 30, 2020					0
Shares, beginning of period at Sep. 30, 2020			103,696,962
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements			23,412
Shares issued for Employee Stock Purchase Plan			16,329
Shares issued for equity-based payment arrangements			$ 0	0
Tax withholding related to share-based compensation				(1,184)
Shares issued for Employee Stock Purchase Plan			0	2,232
Stock-based compensation expense				5,127
Net Income	$ 71,982				71,982
Dividends					(32,702)
Purchase of treasury shares						(44,026)
Balance, end of period at Dec. 31, 2020	$ 1,545,179		$ 1,037	503,205	2,332,509	(1,291,572)
Shares, end of period at Dec. 31, 2020			103,736,703
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.43
Preferred Shares		0
Balance, beginning of period at Jun. 30, 2021	$ 1,319,292		$ 1,038	518,960	2,412,496	(1,613,202)
Balance, beginning of period (Accounting Standards Update 2016-13) at Jun. 30, 2021					0
Shares, beginning of period at Jun. 30, 2021			103,795,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements			26,533
Shares issued for Employee Stock Purchase Plan			38,544
Shares issued for equity-based payment arrangements			$ 0	0
Tax withholding related to share-based compensation				(1,998)
Shares issued for Employee Stock Purchase Plan			1	6,476
Stock-based compensation expense				12,055
Net Income	197,783				197,783
Dividends					(67,696)
Purchase of treasury shares						(193,917)
Balance, end of period at Dec. 31, 2021	$ 1,271,996		$ 1,039	535,493	2,542,583	(1,807,119)
Shares, end of period at Dec. 31, 2021			103,860,246
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.92
Balance, beginning of period at Sep. 30, 2021			$ 1,038	527,255	2,480,574	(1,613,202)
Balance, beginning of period (Accounting Standards Update 2016-13) at Sep. 30, 2021					0
Shares, beginning of period at Sep. 30, 2021			103,822,265
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements			21,101
Shares issued for Employee Stock Purchase Plan			16,880
Shares issued for equity-based payment arrangements			$ 0	0
Tax withholding related to share-based compensation				(1,046)
Shares issued for Employee Stock Purchase Plan			1	2,739
Stock-based compensation expense				6,545
Net Income	$ 95,670				95,670
Dividends					(33,661)
Purchase of treasury shares						(193,917)
Balance, end of period at Dec. 31, 2021	$ 1,271,996		$ 1,039	$ 535,493	$ 2,542,583	$ (1,807,119)
Shares, end of period at Dec. 31, 2021			103,860,246
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	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 197,783	$ 163,198
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	25,843	26,652
Amortization	62,610	61,164
Change in deferred income taxes	11,573	8,651
Expense for stock-based compensation	13,027	9,752
(Gain) Loss on disposal of assets	240	(2,019)
Changes in operating assets and liabilities:
Change in receivables	70,468	87,518
Change in prepaid expenses, deferred costs and other	(39,991)	(26,109)
Change in accounts payable	2,995	16
Change in accrued expenses	(35,814)	(22,627)
Change in income taxes	8,439	13,922
Change in deferred revenues	(119,822)	(126,134)
Net cash from operating activities	197,351	193,984
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(22,373)	(9,543)
Proceeds from dispositions	38	6,157
Purchased software	(7,364)	(4,254)
Computer software developed	(71,353)	(62,804)
Purchase of investments	0	(12,100)
Net cash from investing activities	(101,052)	(82,544)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities	220,000	0
Repayments on credit facilities and financing leases	(80,065)	(57)
Purchase of treasury stock	(193,917)	(109,899)
Dividends paid	(67,696)	(65,516)
Tax withholding payments related to share based compensation	(1,998)	(6,689)
Proceeds from sale of common stock	5,505	5,138
Net cash from financing activities	(118,171)	(177,023)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(21,872)	(65,583)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	50,992	213,345
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 29,120	$ 147,762

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies (Text Block)	6 Months Ended
	Dec. 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 and other related services. JKHY also provides continuing support and services to customers using on-premise or JKHY private and public cloud-based systems. Consolidation The condensed consolidated financial statements include the accounts of JKHY and its subsidiaries, all of which are wholly owned. All intercompany accounts and transactions have been eliminated. Comprehensive Income Comprehensive income for the three and six months ended December 31, 2021, and 2020, equals the Company’s net income. Change in Accounting Policy The Company adopted Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 326, Financial Instruments - Credit Losses, ("CECL") with an adoption date of July 1, 2020. 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 December 31, 2021, and 2020: Three Months Ended December 31, Six Months Ended December 31, 2021 2020 2021 2020 Allowance for credit losses - beginning balance $ 7,660 $ 6,731 $ 7,267 $ 6,719 Cumulative effect of accounting standards update adoption — — — 493 Current provision for expected credit losses 300 370 840 910 Write-offs charged against allowance (227) (263) (373) (1,286) Recoveries of amounts previously written off — (1) (1) (4) Other — (7) — (2) Allowance for credit losses - ending balance $ 7,733 $ 6,830 $ 7,733 $ 6,830 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 December 31, 2021, totaled $453,439 and at June 30, 2021, totaled $435,169. 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 $983,626 and $921,050 at December 31, 2021, and June 30, 2021, respectively. Purchase of Investments At December 31, 2021, and June 30, 2021, the Company had an investment in the preferred stock of Automated Bookkeeping, Inc. ("Autobooks") of $13,250, which represented a non-controlling share of the voting equity as of each 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 December 31, 2021, there were 31,043 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,948 additional shares. The total cost of treasury shares at December 31, 2021, was $1,807,119. During the first six months of fiscal 2022, the Company repurchased 1,250 shares. At June 30, 2021, there were 29,793 shares in treasury stock and the Company had authority to repurchase up to 5,198 additional shares. The total cost of treasury shares at June 30, 2021, was $1,613,202. During the first six months of fiscal 2021, the Company repurchased 675 shares. Income Taxes Deferred tax liabilities and assets are recognized for the tax effects of differences between the financial statement basis 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 expense are recognized on the full amount of unrecognized benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense. Interim Financial Statements The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission ("SEC") and in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") applicable to interim condensed consolidated financial statements and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete consolidated financial statements. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes, which are included in its Annual Report on Form 10-K (“Form 10-K”) for the fiscal year ended June 30, 2021. 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, 2021, 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 December 31, 2021, the results of its operations for the three and six months ended December 31, 2021, and 2020, changes in stockholders' equity for the three and six months ended December 31, 2021, and 2020, and its cash flows for the six months ended December 31, 2021, and 2020. The condensed consolidated balance sheet at June 30, 2021, 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 six months ended December 31, 2021, are not necessarily indicative of the results to be expected for the entire fiscal year. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Risks and Uncertainties The 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 of vaccines against new variants and the development and effectiveness of treatments), 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 December 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 condensed consolidated financial statements as of and for the fiscal quarter ended December 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 condensed consolidated financial statements in future reporting periods.

Recent Accounting Pronouncement

Recent Accounting Pronouncements Recent Accounting Pronouncements (Text Block)	6 Months Ended
	Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Adopted Accounting Guidance [Text Block]	Recently Adopted Accounting Guidance In December of 2019, the FASB issued Accounting Standards Update ("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 was effective for the Company on July 1, 2021. The Company adopted ASU 2019-12 effective July 1, 2021 with no material impact on its condensed consolidated financial statements. Not Yet Adopted

Revenue and Deferred Costs Reve

Revenue and Deferred Costs Revenue and Deferred Costs (Notes)	6 Months Ended
	Dec. 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 10, 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 December 31, Six Months Ended December 31, 2021 2020 2021 2020 Private and Public Cloud 1 $ 138,340 $ 124,498 $ 273,982 $ 245,456 Product Delivery and Services 79,499 48,414 131,014 105,312 On-Premise Support 2 78,372 77,961 188,708 181,102 Services and Support 296,211 250,873 593,704 531,870 Processing 197,685 171,488 388,248 342,291 Total Revenue $ 493,896 $ 422,361 $ 981,952 $ 874,161 1 The name of this revenue stream was changed in 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 fiscal quarter as it was in the comparative quarter of fiscal 2021 and prior. 2 The name of this revenue stream was changed in 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 fiscal quarter as it was in the comparative quarter of fiscal 2021 and prior. Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. December 31, June 30, Receivables, net $ 236,096 $ 306,564 Contract Assets - Current 20,374 22,884 Contract Assets - Non-current 59,119 52,920 Contract Liabilities (Deferred Revenue) - Current 208,733 319,748 Contract Liabilities (Deferred Revenue) - Non-current 67,045 75,852 Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, except where invoicing is contingent upon the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the condensed consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company analyzes contract language to identify if a significant financing component does exist and adjusts 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 December 31, 2021 and 2020, the Company recognized revenue of $89,257 and $79,421, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. For the six months ended December 31, 2021 and 2020, the Company recognized revenue of $157,781 and $156,666, 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 December 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 $5,154,912. 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 $347,867 and $314,807 at December 31, 2021 and June 30, 2021, respectively. For the three months ended December 31, 2021 and 2020, amortization of deferred contract costs was $32,154 and $28,794, respectively. During the six months ended December 31, 2021, and 2020, amortization of deferred contract costs totaled $67,998 and $62,620, respectively.

Fair Value Measures and Disclos

Fair Value Measures and Disclosures	6 Months Ended
	Dec. 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 December 31, 2021 Financial Assets: Certificates of Deposit $ — $ 1,209 $ — $ 1,209 Financial Liabilities: Revolving credit facility $ — $ 240,000 $ — $ 240,000 June 30, 2021 Financial Assets: Certificates of Deposit $ — $ 1,200 $ — $ 1,200 Financial Liabilities: Revolving credit facility $ — $ 100,000 $ — $ 100,000

Leases Leases (Notes)

Leases Leases (Notes)	6 Months Ended
	Dec. 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 12 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 December 31, 2021, and June 30, 2021, the Company had operating lease assets of $51,888 and $55,977 and financing lease assets of $124 and $188, respectively. At December 31, 2021, total operating lease liabilities of $56,653 were comprised of current operating lease liabilities of $11,623 and noncurrent operating lease liabilities of $45,030, and total financing lease liabilities of $129 were comprised of current financing lease liabilities of $103 and noncurrent financing lease liabilities of $26. At June 30, 2021, total operating lease liabilities of $60,828 were comprised of current operating lease liabilities of $11,460 and noncurrent operating lease liabilities of $49,368, and total financing lease liabilities of $193 were comprised of current financing lease liabilities of $110 and noncurrent financing lease liabilities of $83. 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 $27,625 and $23,813 as of December 31, 2021, and June 30, 2021, 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 $206 and $153 as of December 31, 2021, and June 30, 2021, respectively. Operating lease costs for the three months ended December 31, 2021, and 2020, were $3,327 and $3,766, respectively. Financing lease costs for the three months ended December 31, 2021, and 2020, were $27 and $30, respectively. Total operating and financing lease costs for the respective quarters included variable lease costs of approximately $441 and $809, respectively. Operating lease costs for the six months ended December 31, 2021, and 2020, were $6,759 and $7,675, respectively. Financing lease costs for the six months ended December 31, 2021, and 2020, were $55 and $30, respectively. Total operating and financing lease costs for the respective fiscal year-to-date periods included variable lease costs of approximately $840 and $2,189. Operating and financing lease expense are included within cost of services, research and development, and selling, general and administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s condensed consolidated statement of income. For the six months ended December 31, 2021, and 2020, the Company had operating cash flows for payments on operating leases of $6,802 and $6,872, respectively, and ROU assets obtained in exchange for operating lease liabilities of $1,870 and $4,485, respectively. Financing cash flows for payments on financing leases for the six months ended December 31, 2021, and 2020, were $55 and $63, respectively. As of December 31, 2021, and June 30, 2021, the weighted average remaining lease term for the Company's operating leases was 77 months and 81 months, respectively, and the weighted average discount rate was 2.62% and 2.67%, respectively. As of December 31, 2021, and June 30, 2021, the weighted average remaining lease term for the Company's financing leases was 15 months and 21 months, respectively. The weighted average discount rate for the Company's financing leases was 2.36% and 2.39% as of December 31, 2021, and June 30, 2021, respectively. 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 December 31, 2021*: Due Dates (fiscal year) Future Minimum Rental Payments 2022 (remaining period) 6,617 2023 12,089 2024 10,029 2025 7,266 2026 6,342 Thereafter 19,388 Total lease payments $ 61,731 Less: interest (5,078) Present value of lease liabilities $ 56,653 * Financing leases were immaterial to the fiscal quarter, so a maturity of lease liabilities table has only been included for operating leases. Lease payments included $5,464 related to options to extend lease terms that are reasonably certain of being exercised. At December 31, 2021, the Company had $60 in legally binding lease payments for one lease that was signed but not yet commenced. The lease commencement date is March 1, 2022, and the lease term is 36 months.

Debt (Text Block)

Debt (Text Block)	6 Months Ended
	Dec. 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 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 December 31, 2021, the Company was in compliance with all such covenants. The revolving credit facility terminates February 10, 2025. There was $240,000 outstanding under the credit facility at December 31, 2021, and $100,000 outstanding balance at June 30, 2021. 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 December 31, 2021, or June 30, 2021. Interest The Company paid interest of $604 and $105 during the six months ended December 31, 2021, and 2020, respectively.

Income Taxes (Text Block)

Income Taxes (Text Block)	6 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXESProvision for income taxes increased for the three months ended December 31, 2021, compared to the three months ended December 31, 2020, with an effective tax rate of 23.6% of income before income taxes, compared to 23.1% in the prior-year fiscal quarter. The increase in the effective tax rate comparing the three-month periods ended December 31 was primarily due to the impact of increases in operating income relative to the impact of other items affecting the effective tax rate in the current period. For the six months ended December 31, 2021, provision for income taxes increased compared to the six months ended December 31, 2020, with an effective tax rate of 23.5% of income before income taxes, compared to 22.7% for the same period last fiscal year. The increase in the effective tax rate comparing the fiscal year-to-date periods ended December 31 was primarily due to the relative impact of the increase in operating income in the current fiscal year-to-date period and a larger excess tax benefit received from share-based compensation in the prior fiscal year-to-date period. The Company paid income taxes, net of refunds, of $40,687 and $24,794 in the six months ended December 31, 2021, and 2020, respectively. At December 31, 2021, the Company had $9,594 of gross unrecognized tax benefits before interest and penalties, $8,891 of which, if recognized, would affect our effective tax rate. The Company had accrued interest and penalties of $1,425 and $1,896 related to uncertain tax positions at December 31, 2021, and 2020, respectively. The U.S. federal and state income tax returns for fiscal 2018 and all subsequent years remain subject to examination as of December 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 December 31, 2021, due to lapsing statutes of limitations and examination closures.

Stock Based Compensation (Text

Stock Based Compensation (Text Block)	6 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	STOCK-BASED COMPENSATION Our operating income for the three months ended December 31, 2021, and 2020, included $6,956 and $5,127 of stock-based compensation costs, respectively. Our operating income for the six months ended December 31, 2021, and 2020, included $13,027 and $9,752 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, 2021 22 $ 87.27 Granted — — Forfeited — — Exercised — — Outstanding December 31, 2021 22 $ 87.27 $ 1,729 Vested and Expected to Vest December 31, 2021 22 $ 87.27 $ 1,729 Exercisable December 31, 2021 22 $ 87.27 $ 1,729 At December 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 December 31, 2021, was 4.50 years. The Company issues unit awards under the 2015 EIP. The following table summarizes non-vested performance and restricted stock unit awards as of December 31, 2021: Units Weighted Aggregate Intrinsic Value Outstanding July 1, 2021 294 $ 160.22 Granted 130 178.47 Vested (40) 148.56 Forfeited (41) 198.03 Outstanding December 31, 2021 343 $ 163.99 $ 57,242 The 130 unit awards granted in fiscal 2022 had service requirements and performance targets, with 82 having only service requirements. The unit awards with only service requirements were valued at the weighted average fair value of the non-vested units based on the fair market value of the Company’s equity shares on the grant date, less the present value of expected future dividends to be declared during the vesting period, consistent with the methodology for calculating compensation expense on such awards. The remaining 48 unit awards granted in fiscal 2022 have performance targets along with service requirements. 19 of these performance and service requirement unit awards were valued at grant by estimating 100% payout at release and using the fair market value of the Company equity shares on the grant date, less the present value of expected future dividends to be declared during the vesting period. The payout at release of approximately half of these unit awards will be determined based on the Company's compound annual growth rate (CAGR) for revenue (excluding adjustments) for the three-year vesting period compared against goal thresholds as defined in the award agreement. The performance payout at release of the other half of these unit awards will be determined based on the expansion of the Company's non-GAAP operating margin over the three-year vesting period compared against goal thresholds as defined in the award agreement. The other 29 performance and service requirement unit awards were valued at grant using a Monte Carlo pricing model as of the measurement date customized to the specific provisions of the Company’s plan design. Per the Company's award vesting and settlement provisions, the awards that utilized a Monte Carlo pricing model were valued at grant on the basis of Total Shareholder Return (TSR) in comparison to the custom peer group comprised of participants approved by the Compensation Committee of the Company's Board of Directors for fiscal year 2022. 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. Fiscal year 2022 Monte Carlo award inputs: Volatility 28.55 % Risk free interest rate 0.32 % Annual dividend based on most recent quarterly dividend $ 1.84 Beginning TSR 65 % At December 31, 2021, there was $29,290 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 1.39 years.

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Text Block)	6 Months Ended
	Dec. 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 December 31, Six Months Ended December 31, 2021 2020 2021 2020 Net Income $ 95,670 $ 71,982 $ 197,783 $ 163,198 Common share information: Weighted average shares outstanding for basic earnings per share 1 73,580 76,202 73,798 76,354 Dilutive effect of stock options and restricted stock 117 78 122 142 Weighted average shares outstanding for diluted earnings per share 1 73,697 76,280 73,920 76,496 Basic earnings per share 2 $ 1.30 $ 0.94 $ 2.68 $ 2.14 Diluted earnings per share 2 $ 1.30 $ 0.94 $ 2.68 $ 2.13 1 The change in weighted average shares outstanding is primarily due to the weighted effect of the Company's repurchase of 2,800 shares of common stock during all of fiscal 2021 (675 shares repurchased during the first half of fiscal 2021) and the repurchase of 1,250 shares during fiscal year-to-date 2022. 2 Common stock repurchases during the trailing twelve months contributed $0.05 to diluted earnings per share for the second fiscal quarter and $0.09 for year-to-date fiscal 2022. Per share information is based on the weighted average number of common shares outstanding for the three and six months ended December 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 28 and 23 anti-dilutive stock options or restricted stock units excluded for the three and six months ended December 31, 2021, respectively, and 21 were excluded for both the three and six months ended December 31, 2020.

Reportable Segment Information

Reportable Segment Information (Text Block)	6 Months Ended
	Dec. 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 and 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 and 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. Three Months Ended December 31, 2021 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 145,699 $ 23,944 $ 112,490 $ 14,078 $ 296,211 Processing 9,179 158,584 29,234 688 197,685 Total Revenue 154,878 182,528 141,724 14,766 493,896 Cost of Revenue 64,554 95,570 58,151 64,550 282,825 Research and Development 29,916 Selling, General, and Administrative 55,493 Total Expenses 368,234 SEGMENT INCOME $ 90,324 $ 86,958 $ 83,573 $ (49,784) OPERATING INCOME 125,662 INTEREST INCOME (EXPENSE) (441) INCOME BEFORE INCOME TAXES $ 125,221 Three Months Ended December 31, 2020 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 126,758 $ 14,807 $ 98,829 $ 10,479 $ 250,873 Processing 8,190 140,375 22,579 344 171,488 Total Revenue 134,948 155,182 121,408 10,823 422,361 Cost of Revenue 58,485 86,455 52,407 60,435 257,782 Research and Development 26,780 Selling, General, and Administrative 44,167 Total Expenses 328,729 SEGMENT INCOME $ 76,463 $ 68,727 $ 69,001 $ (49,612) OPERATING INCOME 93,632 INTEREST INCOME (EXPENSE) (65) INCOME BEFORE INCOME TAXES $ 93,567 Six Months Ended December 31, 2021 Core Payments Complementary Corporate & Other Total REVENUE Services and Support 301,536 39,594 227,443 25,131 593,704 Processing 18,627 312,556 55,762 1,303 388,248 Total Revenue 320,163 352,150 283,205 26,434 981,952 Cost of Revenue 131,456 188,795 113,635 125,574 559,460 Research and Development 56,670 Selling, General, and Administrative 106,565 Total Expenses 722,695 SEGMENT INCOME $ 188,707 $ 163,355 $ 169,570 $ (99,140) OPERATING INCOME 259,257 INTEREST INCOME (EXPENSE) (683) INCOME BEFORE INCOME TAXES $ 258,574 Six Months Ended December 31, 2020 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 271,344 $ 31,111 $ 207,378 $ 22,037 $ 531,870 Processing 16,759 280,804 44,384 344 342,291 Total Revenue 288,103 311,915 251,762 22,381 874,161 Cost of Revenue 122,347 172,783 104,431 121,150 520,711 Research and Development 52,837 Selling, General, and Administrative 89,393 Total Expenses 662,941 SEGMENT INCOME $ 165,756 $ 139,132 $ 147,331 $ (98,769) OPERATING INCOME 211,220 INTEREST INCOME (EXPENSE) (115) INCOME BEFORE INCOME TAXES $ 211,105 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)	6 Months Ended
	Dec. 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)	6 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Consolidation	The condensed consolidated financial statements include the accounts of JKHY and its subsidiaries, all of which are wholly owned. 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 basis 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 expense are recognized on the full amount of unrecognized benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense.

Fair Value Measures and Discl_2

Fair Value Measures and Disclosures (Policies)	6 Months Ended
	Dec. 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)	6 Months Ended
	Dec. 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 12 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)	6 Months Ended
	Dec. 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 December 31, 2021, and 2020: Three Months Ended December 31, Six Months Ended December 31, 2021 2020 2021 2020 Allowance for credit losses - beginning balance $ 7,660 $ 6,731 $ 7,267 $ 6,719 Cumulative effect of accounting standards update adoption — — — 493 Current provision for expected credit losses 300 370 840 910 Write-offs charged against allowance (227) (263) (373) (1,286) Recoveries of amounts previously written off — (1) (1) (4) Other — (7) — (2) Allowance for credit losses - ending balance $ 7,733 $ 6,830 $ 7,733 $ 6,830

Revenue and Deferred Costs Re_2

Revenue and Deferred Costs Revenue and Deferred Costs (Tables)	6 Months Ended
	Dec. 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 10, 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 December 31, Six Months Ended December 31, 2021 2020 2021 2020 Private and Public Cloud 1 $ 138,340 $ 124,498 $ 273,982 $ 245,456 Product Delivery and Services 79,499 48,414 131,014 105,312 On-Premise Support 2 78,372 77,961 188,708 181,102 Services and Support 296,211 250,873 593,704 531,870 Processing 197,685 171,488 388,248 342,291 Total Revenue $ 493,896 $ 422,361 $ 981,952 $ 874,161 1 The name of this revenue stream was changed in 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 fiscal quarter as it was in the comparative quarter of fiscal 2021 and prior. 2 The name of this revenue stream was changed in 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 fiscal quarter as it was in the comparative quarter of fiscal 2021 and prior.
Contract Balances [Table Text Block]	Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. December 31, June 30, Receivables, net $ 236,096 $ 306,564 Contract Assets - Current 20,374 22,884 Contract Assets - Non-current 59,119 52,920 Contract Liabilities (Deferred Revenue) - Current 208,733 319,748 Contract Liabilities (Deferred Revenue) - Non-current 67,045 75,852

Fair Value Measures and Discl_3

Fair Value Measures and Disclosures (Tables)	6 Months Ended
	Dec. 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 December 31, 2021 Financial Assets: Certificates of Deposit $ — $ 1,209 $ — $ 1,209 Financial Liabilities: Revolving credit facility $ — $ 240,000 $ — $ 240,000 June 30, 2021 Financial Assets: Certificates of Deposit $ — $ 1,200 $ — $ 1,200 Financial Liabilities: Revolving credit facility $ — $ 100,000 $ — $ 100,000

Leases Leases (Tables)

Leases Leases (Tables)	6 Months Ended
	Dec. 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 December 31, 2021*: Due Dates (fiscal year) Future Minimum Rental Payments 2022 (remaining period) 6,617 2023 12,089 2024 10,029 2025 7,266 2026 6,342 Thereafter 19,388 Total lease payments $ 61,731 Less: interest (5,078) Present value of lease liabilities $ 56,653 * Financing leases were immaterial to the fiscal quarter, so a maturity of lease liabilities table has only been included for operating leases. Lease payments included $5,464 related to options to extend lease terms that are reasonably certain of being exercised. At December 31, 2021, the Company had $60 in legally binding lease payments for one lease that was signed but not yet commenced. The lease commencement date is March 1, 2022, and the lease term is 36 months.

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Dec. 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, 2021 22 $ 87.27 Granted — — Forfeited — — Exercised — — Outstanding December 31, 2021 22 $ 87.27 $ 1,729 Vested and Expected to Vest December 31, 2021 22 $ 87.27 $ 1,729 Exercisable December 31, 2021 22 $ 87.27 $ 1,729
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes non-vested performance and restricted stock unit awards as of December 31, 2021: Units Weighted Aggregate Intrinsic Value Outstanding July 1, 2021 294 $ 160.22 Granted 130 178.47 Vested (40) 148.56 Forfeited (41) 198.03 Outstanding December 31, 2021 343 $ 163.99 $ 57,242
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. Fiscal year 2022 Monte Carlo award inputs: Volatility 28.55 % Risk free interest rate 0.32 % Annual dividend based on most recent quarterly dividend $ 1.84 Beginning TSR 65 %

Earnings Per Share Earnings P_2

Earnings Per Share Earnings Per Share (Tables)	6 Months Ended
	Dec. 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 December 31, Six Months Ended December 31, 2021 2020 2021 2020 Net Income $ 95,670 $ 71,982 $ 197,783 $ 163,198 Common share information: Weighted average shares outstanding for basic earnings per share 1 73,580 76,202 73,798 76,354 Dilutive effect of stock options and restricted stock 117 78 122 142 Weighted average shares outstanding for diluted earnings per share 1 73,697 76,280 73,920 76,496 Basic earnings per share 2 $ 1.30 $ 0.94 $ 2.68 $ 2.14 Diluted earnings per share 2 $ 1.30 $ 0.94 $ 2.68 $ 2.13 1 The change in weighted average shares outstanding is primarily due to the weighted effect of the Company's repurchase of 2,800 shares of common stock during all of fiscal 2021 (675 shares repurchased during the first half of fiscal 2021) and the repurchase of 1,250 shares during fiscal year-to-date 2022. 2 Common stock repurchases during the trailing twelve months contributed $0.05 to diluted earnings per share for the second fiscal quarter and $0.09 for year-to-date fiscal 2022.

Reportable Segment Informatio_2

Reportable Segment Information (Tables)	6 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended December 31, 2021 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 145,699 $ 23,944 $ 112,490 $ 14,078 $ 296,211 Processing 9,179 158,584 29,234 688 197,685 Total Revenue 154,878 182,528 141,724 14,766 493,896 Cost of Revenue 64,554 95,570 58,151 64,550 282,825 Research and Development 29,916 Selling, General, and Administrative 55,493 Total Expenses 368,234 SEGMENT INCOME $ 90,324 $ 86,958 $ 83,573 $ (49,784) OPERATING INCOME 125,662 INTEREST INCOME (EXPENSE) (441) INCOME BEFORE INCOME TAXES $ 125,221 Three Months Ended December 31, 2020 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 126,758 $ 14,807 $ 98,829 $ 10,479 $ 250,873 Processing 8,190 140,375 22,579 344 171,488 Total Revenue 134,948 155,182 121,408 10,823 422,361 Cost of Revenue 58,485 86,455 52,407 60,435 257,782 Research and Development 26,780 Selling, General, and Administrative 44,167 Total Expenses 328,729 SEGMENT INCOME $ 76,463 $ 68,727 $ 69,001 $ (49,612) OPERATING INCOME 93,632 INTEREST INCOME (EXPENSE) (65) INCOME BEFORE INCOME TAXES $ 93,567 Six Months Ended December 31, 2021 Core Payments Complementary Corporate & Other Total REVENUE Services and Support 301,536 39,594 227,443 25,131 593,704 Processing 18,627 312,556 55,762 1,303 388,248 Total Revenue 320,163 352,150 283,205 26,434 981,952 Cost of Revenue 131,456 188,795 113,635 125,574 559,460 Research and Development 56,670 Selling, General, and Administrative 106,565 Total Expenses 722,695 SEGMENT INCOME $ 188,707 $ 163,355 $ 169,570 $ (99,140) OPERATING INCOME 259,257 INTEREST INCOME (EXPENSE) (683) INCOME BEFORE INCOME TAXES $ 258,574 Six Months Ended December 31, 2020 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 271,344 $ 31,111 $ 207,378 $ 22,037 $ 531,870 Processing 16,759 280,804 44,384 344 342,291 Total Revenue 288,103 311,915 251,762 22,381 874,161 Cost of Revenue 122,347 172,783 104,431 121,150 520,711 Research and Development 52,837 Selling, General, and Administrative 89,393 Total Expenses 662,941 SEGMENT INCOME $ 165,756 $ 139,132 $ 147,331 $ (98,769) OPERATING INCOME 211,220 INTEREST INCOME (EXPENSE) (115) INCOME BEFORE INCOME TAXES $ 211,105

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		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses- beginning balance, including the cumulative effect of accounting standards update adoption	$ 7,660	$ 6,731	$ 7,267	$ 6,719
Current provision for expected credit losses	300	370	840	910
Write-offs charged against allowance	(227)	(263)	(373)	(1,286)
Recoveries of amounts previously written off	0	(1)	(1)	(4)
Other	0	(7)	0	(2)
Allowance for credit losses- ending balance	7,733	6,830	7,733	6,830
Accounting Standards Update 2016-13
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses- beginning balance, including the cumulative effect of accounting standards update adoption	$ 0	$ 0	$ 0	$ (493)

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Accumulated Depreciation, Property and Equipment	$ 453,439	$ 435,169

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Jun. 30, 2021
Finite-Lived Intangible Assets, Accumulated Amortization	$ 983,626	$ 921,050
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) $ in Thousands	Dec. 31, 2021USD ($)
Automated Bookkeeping, Inc. [Member] | PREFERRED SHARES
Investment Owned, at Cost	$ 13,250

Nature of Operations and Summ_8

Nature of Operations and Summary of Significant Accounting Policies Treasury Stock (Details) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Class of Stock Disclosures [Abstract]
Treasury Stock, Common, Shares	31,043		29,793
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	3,948		5,198
Treasury Stock, Value	$ 1,807,119		$ 1,613,202
Treasury Stock, Shares, Acquired	1,250	675	2,800

Revenue and Deferred Costs Disa

Revenue and Deferred Costs Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 493,896	$ 422,361	$ 981,952	$ 874,161
Private and Public Cloud
Disaggregation of Revenue [Line Items]
Revenue	138,340	124,498	273,982	245,456
Product Delivery and Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	79,499	48,414	131,014	105,312
On-Premise Support
Disaggregation of Revenue [Line Items]
Revenue	78,372	77,961	188,708	181,102
Services and Support [Member]
Disaggregation of Revenue [Line Items]
Revenue	296,211	250,873	593,704	531,870
Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 197,685	$ 171,488	$ 388,248	$ 342,291

Revenue and Deferred Costs Cont

Revenue and Deferred Costs Contract Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Receivables, net	$ 236,096	$ 306,564
Contract Assets- Current	20,374	22,884
Contract Asset- Non-current	59,119	52,920
Contract Liabilities (Deferred Revenue)- Current	208,733	319,748
Contract Liabilities (Deferred Revenue)- Non- current	$ 67,045	$ 75,852

Revenue and Deferred Costs Re_3

Revenue and Deferred Costs Revenue Recognition Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning deferred balance	$ 89,257	$ 79,421	$ 157,781	$ 156,666
Future revenue related to unsatisfied performance obligations	$ 5,154,912		$ 5,154,912
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
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]: 2023-01-01
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		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Capitalized Contract Cost	$ 347,867		$ 347,867		$ 314,807
Amortization of deferred contract costs	$ 32,154	$ 28,794	$ 67,998	$ 62,620

Fair Value Measures and Discl_4

Fair Value Measures and Disclosures (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	$ 1,209	$ 1,200
Certificates of Deposit | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	0	0
Certificates of Deposit | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	1,209	1,200
Certificates of Deposit | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	0	0
Revolving Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Lines of Credit, Fair Value Disclosure	240,000	100,000
Revolving Credit Facility [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Lines of Credit, Fair Value Disclosure	0	0
Revolving Credit Facility [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Lines of Credit, Fair Value Disclosure	240,000	100,000
Revolving Credit Facility [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Lines of Credit, Fair Value Disclosure	$ 0	$ 0

Leases Leases (Details)

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Operating Lease, Right-of-Use Asset	$ 51,888		$ 51,888		$ 55,977
Finance Lease, Right-of-Use Asset	124		124		188
Operating Lease Liability, present value	56,653		56,653		60,828
Operating Lease, Liability, Current	11,623		11,623		11,460
Operating Lease, Liability, Noncurrent	45,030		45,030		49,368
Finance Lease, Liability	129		129		193
Finance Lease, Liability, Current	103		103		110
Finance Lease, Liability, Noncurrent	26		26		83
Accumulated Amortization Operating Lease Right-of-use asset	27,625		27,625		23,813
Accumulated Amortization Finance Lease Right-of-use asset	206		206		$ 153
Operating Lease, Cost	3,327	$ 3,766	6,759	$ 7,675
Finance Lease, Cost	27	30	55	30
Variable Lease, Cost	$ 441	$ 809	840	2,189
Operating Lease, Cash Flows for Payments			6,802	6,872
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			1,870	4,485
Payments on Financing Leases			$ 55	$ 63
Operating Lease, Weighted Average Remaining Lease Term	77 months		77 months		81 months
Operating Lease, Weighted Average Discount Rate, Percent	2.62%		2.62%		2.67%
Finance Lease, Weighted Average Remaining Lease Term	15 months		15 months		21 months
Finance Lease, Weighted Average Discount Rate, Percent	2.36%		2.36%		2.39%
Minimum [Member]
Lease term	1 year		1 year
Maximum [Member]
Lease term	12 years		12 years

Leases Lease Maturity (Details)

Leases Lease Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Leases [Abstract]
2022 (remaining period)	$ 6,617
2023	12,089
2024	10,029
2025	7,266
2026	6,342
Thereafter	19,388
Total lease payments	61,731
Less: interest	(5,078)
Operating Lease Liability, present value	56,653	$ 60,828
Operating Lease Liability Option To Extend Amounts	5,464
Lessee, Lease Not Yet Commenced, Future Minimum Payments Due	$ 60
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	36 months

Debt Narrative (Details)

Debt Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Debt Instrument [Line Items]
Interest paid	$ 604	$ 105
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	$ 240,000		$ 100,000
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
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		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Effective Tax Rate	23.60%	23.10%	23.50%	22.70%
Income Taxes Paid, Net			$ 40,687	$ 24,794
Unrecognized Tax Benefits	$ 9,594		9,594
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	8,891		8,891
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	1,425	$ 1,896	1,425	$ 1,896
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		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense for stock-based compensation	$ 6,956	$ 5,127	$ 13,027	$ 9,752
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			4 years 6 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense yet to be recognized	$ 29,290		$ 29,290
Compensation expense yet to be recognized, period for recognition			1 year 4 months 20 days
Granted, number of shares			130
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			48
2015 EIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	3,000		3,000
2015 EIP [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period			3 years
Termination period after termination of employment			90 days
Termination period after death			1 year
Termination after grant date			10 years
Fair value on grant date less PV of dividends [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			82
Fair value on grant date less PV of dividends [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			19
Fair value under Monte Carlo [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			29

Stock Based Compensation Stock

Stock Based Compensation Stock Options (Details) - Share-based Payment Arrangement, Option [Member] $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Dec. 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 | $	$ 1,729
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 | $	$ 1,729
Exercisable, period end, number of shares | shares	22
Exercisable, period end, weighted average exercise price | $ / shares	$ 87.27
Exercisable, period end, intrinsic value | $	$ 1,729

Stock Based Compensation Restri

Stock Based Compensation Restricted Stock Unit Awards (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Restricted Stock Units (RSUs) [Member]
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	294
Granted, number of shares	130
Vested, number of shares	(40)
Forfeited, number of shares	(41)
Outstanding, period end, number of shares	343
Outstanding, period start, weighted average grant date fair value | $ / shares	$ 160.22
Granted, weighted average grant date fair value | $ / shares	178.47
Vested, weighted average grant date fair value | $ / shares	148.56
Forfeited, weighted average grant date fair value | $ / shares	198.03
Outstanding, period end, weighted average grant date fair value | $ / shares	$ 163.99
Restricted Stock Units, Aggregate Intrinsic Value, Outstanding | $	$ 57,242
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, number of shares	48
Fair value under Monte Carlo [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, number of shares	29
Fair value on grant date less PV of dividends [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, number of shares	82
Fair value on grant date less PV of dividends [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, number of shares	19

Stock Based Compensation RSU Me

Stock Based Compensation RSU Measurement Date Assumptions (Details) - Compensation Peer Group [Member]	6 Months Ended
	Dec. 31, 2021$ / sharesRate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Volatility	28.55%
Risk free interest rate	0.32%
Estimated annual dividend | $ / shares	$ 1.84
Beginning total shareholder return	65.00%

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		6 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Earnings Per Share, Basic and Diluted [Abstract]
Net Income	$ 95,670	$ 71,982	$ 197,783	$ 163,198
Common share information:
Weighted average shares outstanding for basic earnings per share	73,580	76,202	73,798	76,354
Dilutive effect of stock options and restricted stock	117	78	122	142
Weighted average shares outstanding for diluted earnings per share	73,697	76,280	73,920	76,496
Basic earnings per share	$ 1.30	$ 0.94	$ 2.68	$ 2.14
Diluted earnings per share	1.30	$ 0.94	$ 2.68	$ 2.13
Treasury Stock, Shares, Acquired			1,250	675	2,800
Common stock repurchase impact on diluted earnings per share	$ 0.05		$ 0.09
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	28	21	23	21

Reportable Segment Informatio_3

Reportable Segment Information Narrative (Details)	6 Months Ended
	Dec. 31, 2021segment
Segment Reporting [Abstract]
Number of Reportable Segments	4

Reportable Segment Informatio_4

Reportable Segment Information Reconciliation of Operating Profit by Segment to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 493,896	$ 422,361	$ 981,952	$ 874,161
Cost of Revenue	282,825	257,782	559,460	520,711
Research and Development	29,916	26,780	56,670	52,837
Selling, General and Administrative	55,493	44,167	106,565	89,393
Total Expenses	368,234	328,729	722,695	662,941
OPERATING INCOME	125,662	93,632	259,257	211,220
INTEREST INCOME (EXPENSE)	(441)	(65)	(683)	(115)
INCOME BEFORE INCOME TAXES	125,221	93,567	258,574	211,105
Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	154,878	134,948	320,163	288,103
Cost of Revenue	64,554	58,485	131,456	122,347
SEGMENT INCOME	90,324	76,463	188,707	165,756
Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	182,528	155,182	352,150	311,915
Cost of Revenue	95,570	86,455	188,795	172,783
SEGMENT INCOME	86,958	68,727	163,355	139,132
Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	141,724	121,408	283,205	251,762
Cost of Revenue	58,151	52,407	113,635	104,431
SEGMENT INCOME	83,573	69,001	169,570	147,331
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	14,766	10,823	26,434	22,381
Cost of Revenue	64,550	60,435	125,574	121,150
SEGMENT INCOME	(49,784)	(49,612)	(99,140)	(98,769)
Services and Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	296,211	250,873	593,704	531,870
Services and Support [Member] | Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	145,699	126,758	301,536	271,344
Services and Support [Member] | Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	23,944	14,807	39,594	31,111
Services and Support [Member] | Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	112,490	98,829	227,443	207,378
Services and Support [Member] | Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	14,078	10,479	25,131	22,037
Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	197,685	171,488	388,248	342,291
Processing [Member] | Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	9,179	8,190	18,627	16,759
Processing [Member] | Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	158,584	140,375	312,556	280,804
Processing [Member] | Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	29,234	22,579	55,762	44,384
Processing [Member] | Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 688	$ 344	$ 1,303	$ 344