Jack Henry & Associates (JKHY) 10-Q 9 May 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2024	Apr. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--06-30
Entity Central Index Key	0000779152
Entity File Number	0-14112
Entity Registrant Name	JACK HENRY & ASSOCIATES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1128385
Entity Address, Address Line One	663 Highway 60, P.O. Box 807
Entity Address, City or Town	Monett
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	65708
City Area Code	417
Local Phone Number	235-6652
Title of 12(b) Security	Common Stock ($0.01 par value)
Trading Symbol	JKHY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		72,900,026

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 27,254	$ 12,243
Receivables, net	263,416	361,252
Income tax receivable	0	7,523
Prepaid expenses and other	158,725	169,178
Deferred costs	73,167	77,766
Total current assets	522,562	627,962
PROPERTY AND EQUIPMENT, net	215,733	205,664
OTHER ASSETS:
Non-current deferred costs	177,378	161,465
Computer software, net of amortization	588,426	565,714
Other non-current assets	383,504	322,698
Other intangible assets, net of amortization	19,149	19,998
Goodwill	804,797	804,797
Total other assets	2,032,203	1,940,200
Total assets	2,770,498	2,773,826
CURRENT LIABILITIES:
Accounts payable	26,902	19,156
Accrued expenses	180,319	172,629
Accrued income taxes	20,494	0
Deferred revenues	147,328	331,974
Total current liabilities	375,043	523,759
LONG TERM LIABILITIES:
Non-current deferred revenues	66,617	67,755
Deferred income tax liability	229,106	244,431
Debt, net of current maturities	250,000	275,000
Other long-term liabilities	69,801	54,371
Total long term liabilities	615,524	641,557
Total liabilities	$ 990,567	$ 1,165,316
STOCKHOLDERS' EQUITY
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, issued	0	0
Preferred stock - $1 par value; 500,000 shares authorized, none issued	$ 0	$ 0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	250,000,000	250,000,000
Common stock, issued shares	104,222,732	104,088,784
Common stock - $0.01 par value; 250,000,000 shares authorized; 104,222,732 shares issued at March 31, 2024; 104,088,784 shares issued at June 30, 2023	$ 1,042	$ 1,041
Additional paid-in capital	610,305	583,836
Retained earnings	$ 3,020,702	$ 2,855,751
Treasury Stock, Common, Shares	31,323,119	31,194,351
Less treasury stock at cost; 31,323,119 shares at March 31, 2024; 31,194,351 shares at June 30, 2023	$ (1,852,118)	$ (1,832,118)
Total stockholders' equity	1,779,931	1,608,510
Total liabilities and equity	2,770,498	2,773,826
Customer Relationships [Member]
OTHER ASSETS:
Customer relationships, net of amortization	$ 58,949	$ 65,528

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 538,562	$ 508,552	$ 1,655,631	$ 1,543,069
EXPENSES
Cost of Revenue	328,224	307,345	972,205	910,195
Research and Development	35,993	34,625	108,363	104,179
Selling, General, and Administrative	62,246	58,192	211,298	172,205
Total Expenses	426,463	400,162	1,291,866	1,186,579
OPERATING INCOME	112,099	108,390	363,765	356,490
INTEREST INCOME (EXPENSE)
Interest Income	6,499	2,391	16,365	3,783
Interest Expense	4,433	4,666	12,495	9,649
Total Interest Income (Expense)	2,066	(2,275)	3,870	(5,866)
INCOME BEFORE INCOME TAXES	114,165	106,115	367,635	350,624
PROVISION FOR INCOME TAXES	27,066	24,566	86,892	81,751
NET INCOME	$ 87,099	$ 81,549	$ 280,743	$ 268,873
Earnings Per Share
Basic earnings per share	$ 1.20	$ 1.12	$ 3.85	$ 3.69
Basic weighted average shares outstanding	72,872	72,935	72,860	72,931
Diluted earnings per share	$ 1.19	$ 1.12	$ 3.85	$ 3.68
Diluted weighted average shares outstanding	73,031	73,074	73,010	73,119

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, Common [Member]
Balance, beginning of period (value) at Jun. 30, 2022			$ 1,039	$ 551,360	$ 2,636,342	$ (1,807,118)
Shares, beginning of period at Jun. 30, 2022			103,921,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			59,177
Shares issued for Employee Stock Purchase Plan (shares)			79,744
Shares issued for equity-based payment arrangements (value)			$ 0
Shares issued for Employee Stock Purchase Plan (value)			1	9,005
Tax withholding related to share-based compensation				(8,306)
Stock-based compensation expense				21,459
Net Income	$ 268,873				268,873
Dividends					(109,346)
Purchase of treasury shares						(25,000)
Balance, end of period (value) at Mar. 31, 2023	$ 1,538,309		$ 1,040	573,518	2,795,869	(1,832,118)
Shares, end of period at Mar. 31, 2023			104,060,645
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 1.50
Balance, beginning of period (value) at Dec. 31, 2022			$ 1,040	564,856	2,752,212	(1,807,118)
Shares, beginning of period at Dec. 31, 2022			104,027,008
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			9,660
Shares issued for Employee Stock Purchase Plan (shares)			23,977
Shares issued for equity-based payment arrangements (value)			$ 0
Shares issued for Employee Stock Purchase Plan (value)			0	3,322
Tax withholding related to share-based compensation				(1,575)
Stock-based compensation expense				6,915
Net Income	$ 81,549				81,549
Dividends					(37,892)
Purchase of treasury shares						(25,000)
Balance, end of period (value) at Mar. 31, 2023	$ 1,538,309		$ 1,040	573,518	2,795,869	(1,832,118)
Shares, end of period at Mar. 31, 2023			104,060,645
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.52
Preferred Shares		0
Balance, beginning of period (value) at Jun. 30, 2023	$ 1,608,510		$ 1,041	583,836	2,855,751	(1,832,118)
Shares, beginning of period at Jun. 30, 2023			104,088,784
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			65,042
Shares issued for Employee Stock Purchase Plan (shares)			68,906
Shares issued for equity-based payment arrangements (value)			$ 1
Shares issued for Employee Stock Purchase Plan (value)			0	9,408
Tax withholding related to share-based compensation				(5,343)
Stock-based compensation expense				22,404
Net Income	280,743				280,743
Dividends					(115,792)
Purchase of treasury shares						(20,000)
Balance, end of period (value) at Mar. 31, 2024	$ 1,779,931		$ 1,042	610,305	3,020,702	(1,852,118)
Shares, end of period at Mar. 31, 2024			104,222,732
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 1.59
Balance, beginning of period (value) at Dec. 31, 2023			$ 1,042	601,790	2,973,673	(1,852,118)
Shares, beginning of period at Dec. 31, 2023			104,181,060
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for equity-based payment arrangements (shares)			17,382
Shares issued for Employee Stock Purchase Plan (shares)			24,290
Shares issued for equity-based payment arrangements (value)			$ 0
Shares issued for Employee Stock Purchase Plan (value)			0	3,373
Tax withholding related to share-based compensation				(1,782)
Stock-based compensation expense				6,924
Net Income	$ 87,099				87,099
Dividends					(40,070)
Purchase of treasury shares						0
Balance, end of period (value) at Mar. 31, 2024	$ 1,779,931		$ 1,042	$ 610,305	$ 3,020,702	$ (1,852,118)
Shares, end of period at Mar. 31, 2024			104,222,732
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share	$ 0.55
Preferred Shares		0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 280,743	$ 268,873
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	34,943	36,740
Amortization	114,270	105,609
Change in deferred income taxes	(15,325)	(36,370)
Expense for stock-based compensation	22,404	21,459
(Gain)/loss on disposal of assets	273	(7,234)
Changes in operating assets and liabilities:
Change in receivables	97,835	110,686
Change in prepaid expenses, deferred costs and other	(60,520)	(68,885)
Change in accounts payable	(3,800)	(5,654)
Change in accrued expenses	20,265	(48,319)
Change in income taxes	30,938	14,256
Change in deferred revenues	(185,784)	(184,130)
Net cash from operating activities	336,242	207,031
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for acquisitions, net of cash acquired	0	(229,628)
Capital expenditures	(34,347)	(27,237)
Proceeds from dispositions	900	27,885
Purchased software	(4,561)	(1,471)
Computer software developed	(125,351)	(124,110)
Purchase of investments	(1,146)	(1,000)
Net cash from investing activities	(164,505)	(355,561)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facilities	335,000	550,000
Repayments on credit facilities and financing leases	(360,000)	(290,059)
Purchase of treasury stock	(20,000)	(25,000)
Dividends paid	(115,792)	(109,346)
Tax withholding payments related to share-based compensation	(5,343)	(8,306)
Proceeds from sale of common stock	9,409	9,006
Net cash from financing activities	(156,726)	126,295
NET CHANGE IN CASH AND CASH EQUIVALENTS	15,011	(22,235)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	12,243	48,787
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 27,254	$ 26,552

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies (Text Block)	9 Months Ended
	Mar. 31, 2024
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,” or the “Company”) is a well-rounded financial technology company. Jack Henry was founded in 1976 as a provider of core information processing solutions for banks. Today, the Company’s extensive array of products and services includes processing transactions, automating business processes, and managing information for approximately 7,500 financial institutions and diverse corporate entities. Consolidation The condensed consolidated financial statements include the accounts of Jack Henry 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, 2024 and 2023, equals the Company’s net income. Allowance for Credit Losses The Company monitors trade and other receivable balances and contract assets and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events. The following table summarizes allowance for credit losses activity for the three and nine months ended March 31, 2024 and 2023: Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Allowance for credit losses - beginning balance $ 8,132 $ 8,184 $ 7,955 $ 7,616 Current provision for expected credit losses 480 420 1,440 1,380 Write-offs charged against allowance (642) (444) (1,425) (834) Recoveries of amounts previously written off — — — (2) Other (280) — (280) — Allowance for credit losses - ending balance $ 7,690 $ 8,160 $ 7,690 $ 8,160 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, 2024, totaled $475,245 and at June 30, 2023, totaled $466,711. Intangible Assets Intangible assets consist of goodwill, customer relationships, computer software, and trade names acquired in business acquisitions in addition to internally developed computer software. The amounts are amortized, with the exception of those intangible assets with an indefinite life (such as goodwill), over an estimated economic benefit period, generally 3 to 20 years. Accumulated amortization of intangible assets totaled $1,240,498 and $1,149,913 at March 31, 2024, and June 30, 2023, respectively. Purchase of Investment At March 31, 2024, and June 30, 2023, the Company had an investment in the preferred stock of Autobooks, Inc. (“Autobooks”) of $18,250, which represented a non-controlling share of the voting equity as of that date. The total investment was recorded at cost and is included within other non-current assets on the Company's balance sheet. There have been no events or changes in circumstances that would indicate an impairment and no price changes resulting from observing a similar or identical investment. An impairment and/or an observable price change would be an adjustment to recorded cost. Fair value will not be estimated unless there are identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment. Common Stock The Board of Directors has authorized the Company to repurchase shares of its common stock. Under this authorization, the Company may finance its share repurchases with available cash reserves or borrowings on its existing line of credit. The share repurchase program does not include specific price targets or timetables and may be suspended at any time. At March 31, 2024, there were 31,323 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,667 additional shares. The total cost of treasury shares at March 31, 2024, was $1,852,118. During the first nine months of fiscal 2024, the Company repurchased 129 shares. At June 30, 2023, there were 31,194 shares in treasury stock and the Company had the remaining authority to repurchase up to 3,796 additional shares. The total cost of treasury shares at June 30, 2023, was $1,832,118 and the Company repurchased 151 shares during the first nine months of fiscal 2023. Income Taxes Deferred tax liabilities and assets are recognized for the tax effects of differences between the financial statement and tax basis of assets and liabilities. A valuation allowance would be established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based upon the technical merits of the position. The tax benefit recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Also, interest and penalties expenses are recognized on the full amount of unrecognized benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense. Interim Financial Statements The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”) and in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) applicable to interim condensed consolidated financial statements, and do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete consolidated financial statements. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes, which are included in its Annual Report on Form 10-K (“Form 10-K”) for the fiscal year ended June 30, 2023. 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, 2024, the results of its operations for the three and nine months ended March 31, 2024 and 2023, changes in stockholders' equity for the three and nine months ended March 31, 2024 and 2023, and its cash flows for the nine months ended March 31, 2024 and 2023. The condensed consolidated balance sheet at June 30, 2023, 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, 2024, 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. Significant Accounting Policies 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, 2023. For the three and nine months ended March 31, 2024, there have been no new or material changes to the significant accounting policies discussed in the Company’s Form 10-K for the fiscal year ended June 30, 2023, that are of significance, or potential significance, to the Company.

Recent Accounting Pronouncement

Recent Accounting Pronouncements Recent Accounting Pronouncements (Text Block)	9 Months Ended
	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Guidance [Text Block]	RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Guidance In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which improves the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to recognition of an acquired contract liability and payment terms and their effect on subsequent revenue recognized by the acquirer. The ASU is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company adopted the ASU effective July 1, 2023, and will apply it prospectively to business combinations occurring after that date. Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which improves the disclosures about a public entity's reportable segments through enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively to all prior periods presented in the financial statements. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures. The ASU requires additional disclosure related to rate reconciliation, income taxes paid, and other disclosures to improve the effectiveness of income tax disclosures. The ASU is effective for annual periods beginning after December 15, 2024, and applied on a prospective basis. Early adoption and retrospective application is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and related disclosures.

Revenue and Deferred Costs Reve

Revenue and Deferred Costs Revenue and Deferred Costs (Notes)	9 Months Ended
	Mar. 31, 2024
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 and hosting, 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, 2024 2023 2024 2023 Private and Public Cloud $ 174,122 $ 158,228 $ 506,344 $ 460,357 Product Delivery and Services 51,638 56,372 175,490 172,489 On-Premise Support 79,257 77,322 277,380 269,925 Services and Support 305,017 291,922 959,214 902,771 Processing 233,545 216,630 696,417 640,298 Total Revenue $ 538,562 $ 508,552 $ 1,655,631 $ 1,543,069 Contract Balances The following table provides information about contract assets and contract liabilities from contracts with customers. March 31, June 30, Receivables, net $ 263,416 $ 361,252 Contract Assets - Current 28,235 26,711 Contract Assets - Non-current 88,778 81,561 Contract Liabilities (Deferred Revenue) - Current 147,328 331,974 Contract Liabilities (Deferred Revenue) - Non-current 66,617 67,755 Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, except where invoicing is contingent upon the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the condensed consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company analyzes contract language to identify if a significant financing component does exist and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction. During the three months ended March 31, 2024, and 2023, the Company recognized revenue of $83,083 and $83,179, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. For the nine months ended March 31, 2024, and 2023, the Company recognized revenue of $226,419 and $215,263, 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, 2024, 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 $6,493,836. The Company expects to recognize approximately 24% 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 $464,563 and $442,012, at March 31, 2024, and June 30, 2023, respectively. For the three months ended March 31, 2024, and 2023, amortization of deferred contract costs totaled $41,107 and $37,381, respectively. During the nine months ended March 31, 2024, and 2023, amortization of deferred contract costs totaled $133,195 and $114,222, 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, 2024
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, 2024 Financial Assets: Certificates of Deposit $ — $ 3,461 $ — $ 3,461 Financial Liabilities: Credit facilities $ — $ 250,000 $ — $ 250,000 June 30, 2023 Financial Assets: Certificates of Deposit $ — $ 2,234 $ — $ 2,234 Financial Liabilities: Credit facilities $ — $ 275,000 $ — $ 275,000

Leases Leases (Notes)

Leases Leases (Notes)	9 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASES The Company determines if an arrangement is a lease, or contains 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 2 months to 10 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, 2024, and June 30, 2023, the Company had operating lease assets of $56,336 and $43,662, respectively. At March 31, 2024, total operating lease liabilities of $62,065 were comprised of current operating lease liabilities of $9,063 and noncurrent operating lease liabilities of $53,002. At June 30, 2023, total operating lease liabilities of $50,269 were comprised of current operating lease liabilities of $9,776 and noncurrent operating lease liabilities of $40,493. Operating lease assets are included within other non-current assets accrued expenses other long-term liabilities Operating lease costs for the three months ended March 31, 2024, and 2023, were $3,190 and $2,903, respectively. Total operating lease costs for the respective quarters included variable lease costs of $1,101 and $846, respectively. Operating lease costs for the nine months ended March 31, 2024, and 2023, were $7,888 and $8,991, respectively. Total operating lease costs for the respective fiscal year-to-date periods included variable lease costs of $3,354 and $2,727, respectively. Operating lease expense is included within cost of services, research and development, and selling, general and administrative expense, dependent upon the nature and use of the ROU asset, in the Company’s condensed consolidated statements of income. For the nine months ended March 31, 2024, and 2023, the Company had operating cash flows for payments on operating leases of $6,855 and $9,230, and ROU assets obtained in exchange for operating lease liabilities of $19,222 and $2,354, respectively. As of March 31, 2024, and June 30, 2023, the weighted-average remaining lease term for the Company's operating leases was 79 months and 78 months, and the weighted-average discount rate was 2.69% and 2.14%, 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 March 31, 2024: Due Dates (fiscal year) Future Minimum Rental Payments 2024 (remaining period) $ 2,423 2025 10,347 2026 10,938 2027 10,422 2028 10,073 Thereafter 25,098 Total lease payments $ 69,301 Less: interest (7,236) Present value of lease liabilities $ 62,065
Lessor, Operating Leases	On September 30, 2023, the Company entered into an agreement with a third party to sublease a portion of its Elizabethtown, Kentucky facility. The commencement date of the sublease was October 1, 2023, and has a term of 57 months. Sublease income for the three and nine months ended March 31, 2024 was $213 and $345 , respectively , and is included within revenue on the Company's condensed consolidated statements of income. There have been no indications of impairment related to the underlying right-of-use asset. Minimum Sublease Payments At March 31, 2024, the future total minimum sublease payments to be received were as follows: Due Dates (fiscal year) Future Minimum Sublease Receipts 2024 (remaining period) $ 263 2025 807 2026 831 2027 856 2028 882 Total sublease receipts $ 3,639

Debt (Text Block)

Debt (Text Block)	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt Disclosures [Text Block]	DEBT Credit facilities On August 31, 2022, the Company entered into a five-year senior, unsecured amended and restated credit agreement that replaced a prior credit facility that was entered into on February 10, 2020. The credit agreement allows for borrowings of up to $600,000, which may be increased to $1,000,000 by the Company at any time until maturity. The credit agreement bears interest at a variable rate equal to (a) a rate based on an adjusted Secured Overnight Financing Rate (“SOFR”) term rate or (b) an alternate base rate (the highest of (i) 0%, (ii) the Prime Rate for such day, (iii) the sum of the Federal Funds Effective Rate for such day plus 0.50% per annum and (iv) the Adjusted Term SOFR Screen Rate (without giving effect to the Applicable Margin) for a one month Interest Period on such day for Dollars plus 1.0%), plus an applicable percentage in each case determined by the Company's leverage ratio. The credit agreement is guaranteed by certain subsidiaries of the Company and is subject to various financial covenants that require the Company to maintain certain financial ratios as defined in the credit agreement. As of March 31, 2024, the Company was in compliance with all such covenants. The amended and restated credit facility terminates August 31, 2027. There was $70,000 and $95,000 outstanding under the amended and restated credit facility at March 31, 2024 and June 30, 2023, respectively. Term loan facility On May 16, 2023, the Company entered into a term loan credit agreement with a syndicate of financial institutions, with an original principal balance of $180,000. Borrowings under the term loan facility bear interest at a variable rate equal to (a) a rate based on an adjusted SOFR term rate or (b) an alternate base rate (the highest of (i) 0%, (ii) the Prime Rate for such day, (iii) the sum of the Federal Funds Effective Rate for such day plus 0.50% per annum and (iv) the Adjusted Term SOFR Screen Rate (without giving effect to the Applicable Margin) for a one month Interest Period on such day for Dollars plus 0.75%), plus an applicable percentage in each case determined by the Company's leverage ratio. The term loan credit agreement is guaranteed by certain subsidiaries of the Company and is subject to various financial covenants that require the Company to maintain certain financial ratios as defined in the term loan credit agreement. As of March 31, 2024, the Company was in compliance with all such covenants. The term loan credit agreement has a maturity date of May 16, 2025. There was $180,000 outstanding under the term loan at March 31, 2024 and June 30, 2023. 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 1.0%. The credit line expires on April 30, 2025. There was no balance outstanding at March 31, 2024, or June 30, 2023. Interest The Company paid interest of $11,176 and $6,871 during the nine months ended March 31, 2024, and 2023, respectively.

Income Taxes (Text Block)

Income Taxes (Text Block)	9 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES The effective tax rate increased for the three months ended March 31, 2024, compared to the three months ended March 31, 2023, with an effective tax rate of 23.7% of income before income taxes, compared to 23.2% in the prior fiscal year quarter. The increase in the Company's tax rate was primarily due to certain discrete period benefits recognized during the prior fiscal year quarter. For the nine months ended March 31, 2024, the effective tax rate increased compared to the nine months ended March 31, 2023, with an effective tax rate of 23.6% of income before taxes, compared to 23.3% for the same period last fiscal year. The increase in the effective tax rate for the nine months ended March 31, 2024, 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 $70,686 and $103,251 in the nine months ended March 31, 2024, and 2023, respectively. The decrease in paid income taxes for the nine months ended March 31, 2024, compared to the nine months ended March 31, 2023, was primarily the result of additional cash flow benefits achieved with changes in the impact of Internal Revenue Code Section 174, requiring certain research and development costs to be capitalized, due to related guidance released by the Internal Revenue Service in the current fiscal year. At March 31, 2024, the Company had $13,999 of gross unrecognized tax benefits before interest and penalties, $12,225 of which, if recognized, would affect our effective tax rate. The Company had accrued interest and penalties of $2,800 and $1,635 related to uncertain tax positions at March 31, 2024, and 2023, respectively. The U.S. federal income tax returns for fiscal 2020 and all subsequent years remain subject to examination as of March 31, 2024, under statute of limitations rules. The U.S. state income tax returns that remain subject to examination as of March 31, 2024, under the statute of limitation rules varies by state jurisdiction from fiscal 2016 through 2019 and all subsequent years. The Company anticipates potential changes due to lapsing of statutes of limitations, and examination closures could reduce the unrecognized tax benefits balance by $1,500 to $4,500 within twelve months of March 31, 2024.

Stock Based Compensation (Text

Stock Based Compensation (Text Block)	9 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	STOCK-BASED COMPENSATION Our operating income for the three months ended March 31, 2024, and 2023, included $6,924 and $6,915 of stock-based compensation costs, respectively. Our operating income for the nine months ended March 31, 2024, and 2023, included $22,404 and $21,459 of stock-based compensation costs, respectively. 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. Stock option awards Under the 2015 EIP, 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. During the nine months ended March 31, 2024, there were no options granted, forfeited, or exercised. At March 31, 2024, 12 options were outstanding at a weighted average exercise price of $87.27 with an aggregate intrinsic value of $1,010. At March 31, 2024, there was no compensation cost yet to be recognized related to outstanding options. All of the options are currently exercisable, with a weighted average remaining contractual term (remaining period of exercisability) of 2.25 years as of March 31, 2024. Restricted stock unit and performance unit awards The Company issues unit awards under the 2015 EIP. Restricted stock unit awards (which are unit awards that have service requirements only and are not tied to performance measures) generally vest over a period of 1 to 3 years. Performance unit awards are awards that have performance measures in addition to service requirements. The following table summarizes non-vested restricted stock unit awards and performance awards as of March 31, 2024: Unit awards Units Weighted Average Grant Date Fair Value Aggregate Intrinsic Value Outstanding July 1, 2023 303 $ 190.08 Granted 1 154 178.58 Vested (98) 170.11 Forfeited 2 (37) 194.25 Outstanding March 31, 2024 322 $ 190.22 $ 55,983 1 Granted includes restricted stock unit awards and performance unit awards with market conditions at 100% achievement. 2 Forfeited includes restricted stock unit awards and performance unit awards forfeited for service requirements not met and performance unit awards not settled due to underachievement of performance measures. Of the 154 unit awards granted in fiscal 2024, 95 were restricted stock unit awards and 59 were performance unit awards. The restricted stock 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. 24 of the performance unit awards granted in fiscal 2024 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 performance unit awards will be determined based on the Company's compound annual growth rate for revenue (excluding adjustments) for the three-year vesting period compared against goal thresholds as defined in the award agreement. The performance payout at release of the other half of these performance 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. 35 of the performance unit awards have market conditions and 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 performance unit 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 2024. The Monte Carlo inputs used in the model to estimate fair value at the measurement date and resulting values for these performance unit awards are as follows: Monte Carlo award inputs: Fiscal 2024 Compensation Peer Group: Volatility 25.6 % Risk free interest rate 4.48 % Annual dividend based on most recent quarterly dividend $2.08 Dividend yield 1.23 % Beginning average percentile rank for TSR 74.0 % At March 31, 2024, there was $26,784 of compensation expense that has yet to be recognized related to non-vested restricted stock unit and performance stock unit awards, which will be recognized over a weighted average period of 1.25 years.

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Text Block)	9 Months Ended
	Mar. 31, 2024
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, 2024 2023 2024 2023 Net Income $ 87,099 $ 81,549 $ 280,743 $ 268,873 Common share information: Weighted average shares outstanding for basic earnings per share 72,872 72,935 72,860 72,931 Dilutive effect of stock options, restricted stock units, and performance units 159 139 150 188 Weighted average shares outstanding for diluted earnings per share 73,031 73,074 73,010 73,119 Basic earnings per share $ 1.20 $ 1.12 $ 3.85 $ 3.69 Diluted earnings per share $ 1.19 $ 1.12 $ 3.85 $ 3.68 Per share information is based on the weighted average number of common shares outstanding for the three and nine months ended March 31, 2024, and 2023. Stock options, restricted stock units, and performance units have been included in the calculation of diluted earnings per share to the extent they are dilutive. There were 31 and 29 anti-dilutive stock options, restricted stock units, or performance units excluded for the three and nine months ended March 31, 2024, respectively, and zero and nominal were excluded for the three and nine months ended March 31, 2023, respectively.

Business Acquisitions (Text Blo

Business Acquisitions (Text Block)	9 Months Ended
	Mar. 31, 2024
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Business Acquisition Disclosure [Text Block]	BUSINESS ACQUISITION Payrailz On August 31, 2022, the Company acquired all of the equity interest in Payrailz, LLC (“Payrailz”). The final purchase price, following customary post-closing adjustments to the extent actual closing date working capital, cash, debt, and unpaid seller transaction expenses exceeded or were less than the amounts estimated at closing, was $230,205. Pursuant to the merger agreement for the transaction, $48,500 of the purchase price was placed in an escrow account at the closing, consisting of $2,500 for any final purchase price adjustments owed by the sellers, which amount was released to the sellers on December 15, 2022, in connection with post-closing purchase price adjustments, and $46,000 for indemnification matters under the merger agreement, which amount was released to the sellers September 20, 2023. The primary reason for the acquisition was to expand the Company's digital financial management solutions and the purchase was funded by our revolving line of credit (Note 6) and cash generated from operations. Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the moment of need. Management has completed a purchase price allocation and assessment of the fair value of acquired assets and liabilities assumed. The recognized amounts of identifiable assets acquired, and liabilities assumed, based on their fair values as of August 31, 2022, and taking into account the post-closing purchase price adjustment described above, are set forth below: Current assets $ 1,851 Identifiable intangible assets 119,868 Deferred revenue (8,104) Total other liabilities assumed (749) Total identifiable net assets 112,866 Goodwill 117,339 Net assets acquired $ 230,205 The goodwill of $117,339 arising from this acquisition consists largely of the growth potential, synergies, and economies of scale expected from combining the operations of the Company with those of Payrailz, together with the value of Payrailz's assembled workforce. The goodwill from this acquisition has been allocated to our Payments segment and $117,339 is expected to be deductible for income tax purposes. Identifiable intangible assets from this acquisition consist of customer relationships of $6,109, computer software of $112,505, and other intangible assets of $1,254. The amortization period for acquired customer relationships, computer software, and other intangible assets is over a term of 15 years, 10 years, and 15 years, respectively. Current assets were inclusive of cash acquired of $577. The fair value of current assets acquired included accounts receivable of $978, none of which were expected to be uncollectible.

Reportable Segment Information

Reportable Segment Information (Text Block)	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Reportable Segment Information Disclosure [Text Block]	REPORTABLE SEGMENT INFORMATION The Company is a leading provider of technology solutions and payment processing services primarily to community and regional financial institutions. 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 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, hosted processing platforms, and services, including digital/mobile banking, treasury services, online account opening, fraud/anti-money laundering ("AML") and lending/deposit solutions that can be integrated with the Company's Core solutions, and many can be used independently. The Corporate and Other segment includes revenue and costs from hardware and other products not attributed to any of the other three segments, as well as operating expenses not directly attributable to the other three segments. The Company evaluates the performance of its segments and allocates resources to them based on various factors, including performance against trend, budget, and forecast. Only revenue and costs of revenue are considered in the evaluation for each segment. Immaterial adjustments have been made between segments to reclassify revenue and cost of revenue that was recognized for the three and nine months ended March 31, 2023. These reclasses were made to be consistent with the current allocation of revenue and cost of revenue by segment. Revenue reclassed for the three and nine months ended March 31, 2023, from Core to Corporate and Other was $1,797 and $5,456, respectively, from Payments to Corporate and Other was $7 and $24, respectively, and from Complementary to Corporate and Other was $135 and $243, respectively. Cost of revenue reclassed for the three and nine months ended March 31, 2023, from Core to Corporate and Other was $1,711 and $5,004, respectively, from Payments to Corporate and Other was $662 and $1,923, respectively, and from Complementary to Corporate and Other was $329 and $989, respectively. Three Months Ended March 31, 2024 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 156,421 $ 20,440 $ 109,682 $ 18,474 $ 305,017 Processing 10,234 181,479 39,549 2,283 233,545 Total Revenue 166,655 201,919 149,231 20,757 538,562 Cost of Revenue 72,153 109,848 65,414 80,809 328,224 Research and Development 35,993 Selling, General, and Administrative 62,246 Total Expenses 426,463 SEGMENT INCOME $ 94,502 $ 92,071 $ 83,817 $ (60,052) OPERATING INCOME 112,099 INTEREST INCOME (EXPENSE) 2,066 INCOME BEFORE INCOME TAXES $ 114,165 Three Months Ended March 31, 2023 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 145,012 $ 19,833 $ 108,993 $ 18,084 $ 291,922 Processing 10,094 172,000 32,994 1,542 216,630 Total Revenue 155,106 191,833 141,987 19,626 508,552 Cost of Revenue 69,994 106,216 61,037 70,098 307,345 Research and Development 34,625 Selling, General, and Administrative 58,192 Total Expenses 400,162 SEGMENT INCOME $ 85,112 $ 85,617 $ 80,950 $ (50,472) OPERATING INCOME 108,390 INTEREST INCOME (EXPENSE) (2,275) INCOME BEFORE INCOME TAXES $ 106,115 Nine Months Ended March 31, 2024 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 487,594 $ 61,402 $ 347,733 $ 62,485 $ 959,214 Processing 31,102 543,713 115,331 6,271 696,417 Total Revenue 518,696 605,115 463,064 68,756 1,655,631 Cost of Revenue 217,449 330,297 191,712 232,747 972,205 Research and Development 108,363 Selling, General, and Administrative 211,298 Total Expenses 1,291,866 SEGMENT INCOME $ 301,247 $ 274,818 $ 271,352 $ (163,991) OPERATING INCOME 363,765 INTEREST INCOME (EXPENSE) 3,870 INCOME BEFORE INCOME TAXES $ 367,635 Nine Months Ended March 31, 2023 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 452,027 $ 57,814 $ 337,413 $ 55,517 $ 902,771 Processing 29,934 512,029 95,113 3,222 640,298 Total Revenue 481,961 569,843 432,526 58,739 1,543,069 Cost of Revenue 207,265 314,181 178,085 210,664 910,195 Research and Development 104,179 Selling, General, and Administrative 172,205 Total Expenses 1,186,579 SEGMENT INCOME $ 274,696 $ 255,662 $ 254,441 $ (151,925) OPERATING INCOME 356,490 INTEREST INCOME (EXPENSE) (5,866) INCOME BEFORE INCOME TAXES $ 350,624 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, 2024
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS Dividend — On May 8, 2024, the Company's Board of Directors declared a cash dividend of $0.55 per share on its common stock, payable on June 17, 2024, to stockholders of record as of May 28, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income	$ 87,099	$ 81,549	$ 280,743	$ 268,873

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Consolidation	The condensed consolidated financial statements include the accounts of Jack Henry 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, 2024 and 2023, equals the Company’s net income.
Allowance for Credit Losses	The Company monitors trade and other receivable balances and contract assets and estimates the allowance for lifetime expected credit losses. Estimates of expected credit losses are based on historical collection experience and other factors, including those related to current market conditions and events.
Property and Equipment	Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets.
Intangible Assets	Intangible assets consist of goodwill, customer relationships, computer software, and trade names acquired in business acquisitions in addition to internally developed computer software. The amounts are amortized, with the exception of those intangible assets with an indefinite life (such as goodwill), over an estimated economic benefit period, generally 3 to 20 years.
Common Stock	The Board of Directors has authorized the Company to repurchase shares of its common stock. Under this authorization, the Company may finance its share repurchases with available cash reserves or borrowings on its existing line of credit. The share repurchase program does not include specific price targets or timetables and may be suspended at any time.
Income Taxes	Deferred tax liabilities and assets are recognized for the tax effects of differences between the financial statement and tax basis of assets and liabilities. A valuation allowance would be established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based upon the technical merits of the position. The tax benefit recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Also, interest and penalties expenses are recognized on the full amount of unrecognized benefits for uncertain tax positions. The Company's policy is to include interest and penalties related to unrecognized tax benefits in income tax expense.

Fair Value Measures and Discl_2

Fair Value Measures and Disclosures (Policies)	9 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy Text Block]	For cash equivalents, certificates of deposit, amounts receivable or payable, and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company's estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company's own estimates of assumptions that we believe market participants would use in pricing the asset

Leases Leases (Policies)

Leases Leases (Policies)	9 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Lessee, Leases [Policy Text Block]	The Company determines if an arrangement is a lease, or contains 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 2 months to 10 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, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Allowance for Credit Losses	The following table summarizes allowance for credit losses activity for the three and nine months ended March 31, 2024 and 2023: Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Allowance for credit losses - beginning balance $ 8,132 $ 8,184 $ 7,955 $ 7,616 Current provision for expected credit losses 480 420 1,440 1,380 Write-offs charged against allowance (642) (444) (1,425) (834) Recoveries of amounts previously written off — — — (2) Other (280) — (280) — Allowance for credit losses - ending balance $ 7,690 $ 8,160 $ 7,690 $ 8,160

Revenue and Deferred Costs Re_2

Revenue and Deferred Costs Revenue and Deferred Costs (Tables)	9 Months Ended
	Mar. 31, 2024
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, 2024 2023 2024 2023 Private and Public Cloud $ 174,122 $ 158,228 $ 506,344 $ 460,357 Product Delivery and Services 51,638 56,372 175,490 172,489 On-Premise Support 79,257 77,322 277,380 269,925 Services and Support 305,017 291,922 959,214 902,771 Processing 233,545 216,630 696,417 640,298 Total Revenue $ 538,562 $ 508,552 $ 1,655,631 $ 1,543,069
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 $ 263,416 $ 361,252 Contract Assets - Current 28,235 26,711 Contract Assets - Non-current 88,778 81,561 Contract Liabilities (Deferred Revenue) - Current 147,328 331,974 Contract Liabilities (Deferred Revenue) - Non-current 66,617 67,755

Fair Value Measures and Discl_3

Fair Value Measures and Disclosures (Tables)	9 Months Ended
	Mar. 31, 2024
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, 2024 Financial Assets: Certificates of Deposit $ — $ 3,461 $ — $ 3,461 Financial Liabilities: Credit facilities $ — $ 250,000 $ — $ 250,000 June 30, 2023 Financial Assets: Certificates of Deposit $ — $ 2,234 $ — $ 2,234 Financial Liabilities: Credit facilities $ — $ 275,000 $ — $ 275,000

Leases Leases (Tables)

Leases Leases (Tables)	9 Months Ended
	Mar. 31, 2024
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, 2024: Due Dates (fiscal year) Future Minimum Rental Payments 2024 (remaining period) $ 2,423 2025 10,347 2026 10,938 2027 10,422 2028 10,073 Thereafter 25,098 Total lease payments $ 69,301 Less: interest (7,236) Present value of lease liabilities $ 62,065
Lessor, Operating Lease, Payment to be Received, Maturity	Minimum Sublease Payments At March 31, 2024, the future total minimum sublease payments to be received were as follows: Due Dates (fiscal year) Future Minimum Sublease Receipts 2024 (remaining period) $ 263 2025 807 2026 831 2027 856 2028 882 Total sublease receipts $ 3,639

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes non-vested restricted stock unit awards and performance awards as of March 31, 2024: Unit awards Units Weighted Average Grant Date Fair Value Aggregate Intrinsic Value Outstanding July 1, 2023 303 $ 190.08 Granted 1 154 178.58 Vested (98) 170.11 Forfeited 2 (37) 194.25 Outstanding March 31, 2024 322 $ 190.22 $ 55,983 1 Granted includes restricted stock unit awards and performance unit awards with market conditions at 100% achievement. 2 Forfeited includes restricted stock unit awards and performance unit awards forfeited for service requirements not met and performance unit awards not settled due to underachievement of performance measures.
Schedule Of Share Based Payment Award PSU Valuation Assumptions [Table Text Block]	The Monte Carlo inputs used in the model to estimate fair value at the measurement date and resulting values for these performance unit awards are as follows: Monte Carlo award inputs: Fiscal 2024 Compensation Peer Group: Volatility 25.6 % Risk free interest rate 4.48 % Annual dividend based on most recent quarterly dividend $2.08 Dividend yield 1.23 % Beginning average percentile rank for TSR 74.0 %

Earnings Per Share Earnings P_2

Earnings Per Share Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2024
Earnings Per Share [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, 2024 2023 2024 2023 Net Income $ 87,099 $ 81,549 $ 280,743 $ 268,873 Common share information: Weighted average shares outstanding for basic earnings per share 72,872 72,935 72,860 72,931 Dilutive effect of stock options, restricted stock units, and performance units 159 139 150 188 Weighted average shares outstanding for diluted earnings per share 73,031 73,074 73,010 73,119 Basic earnings per share $ 1.20 $ 1.12 $ 3.85 $ 3.69 Diluted earnings per share $ 1.19 $ 1.12 $ 3.85 $ 3.68

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2024
Payrailz [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 assessment of the fair value of acquired assets and liabilities assumed. The recognized amounts of identifiable assets acquired, and liabilities assumed, based on their fair values as of August 31, 2022, and taking into account the post-closing purchase price adjustment described above, are set forth below: Current assets $ 1,851 Identifiable intangible assets 119,868 Deferred revenue (8,104) Total other liabilities assumed (749) Total identifiable net assets 112,866 Goodwill 117,339 Net assets acquired $ 230,205

Reportable Segment Informatio_2

Reportable Segment Information (Tables)	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended March 31, 2024 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 156,421 $ 20,440 $ 109,682 $ 18,474 $ 305,017 Processing 10,234 181,479 39,549 2,283 233,545 Total Revenue 166,655 201,919 149,231 20,757 538,562 Cost of Revenue 72,153 109,848 65,414 80,809 328,224 Research and Development 35,993 Selling, General, and Administrative 62,246 Total Expenses 426,463 SEGMENT INCOME $ 94,502 $ 92,071 $ 83,817 $ (60,052) OPERATING INCOME 112,099 INTEREST INCOME (EXPENSE) 2,066 INCOME BEFORE INCOME TAXES $ 114,165 Three Months Ended March 31, 2023 Core Payments Complementary Corporate and Other Total REVENUE Services and Support $ 145,012 $ 19,833 $ 108,993 $ 18,084 $ 291,922 Processing 10,094 172,000 32,994 1,542 216,630 Total Revenue 155,106 191,833 141,987 19,626 508,552 Cost of Revenue 69,994 106,216 61,037 70,098 307,345 Research and Development 34,625 Selling, General, and Administrative 58,192 Total Expenses 400,162 SEGMENT INCOME $ 85,112 $ 85,617 $ 80,950 $ (50,472) OPERATING INCOME 108,390 INTEREST INCOME (EXPENSE) (2,275) INCOME BEFORE INCOME TAXES $ 106,115 Nine Months Ended March 31, 2024 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 487,594 $ 61,402 $ 347,733 $ 62,485 $ 959,214 Processing 31,102 543,713 115,331 6,271 696,417 Total Revenue 518,696 605,115 463,064 68,756 1,655,631 Cost of Revenue 217,449 330,297 191,712 232,747 972,205 Research and Development 108,363 Selling, General, and Administrative 211,298 Total Expenses 1,291,866 SEGMENT INCOME $ 301,247 $ 274,818 $ 271,352 $ (163,991) OPERATING INCOME 363,765 INTEREST INCOME (EXPENSE) 3,870 INCOME BEFORE INCOME TAXES $ 367,635 Nine Months Ended March 31, 2023 Core Payments Complementary Corporate & Other Total REVENUE Services and Support $ 452,027 $ 57,814 $ 337,413 $ 55,517 $ 902,771 Processing 29,934 512,029 95,113 3,222 640,298 Total Revenue 481,961 569,843 432,526 58,739 1,543,069 Cost of Revenue 207,265 314,181 178,085 210,664 910,195 Research and Development 104,179 Selling, General, and Administrative 172,205 Total Expenses 1,186,579 SEGMENT INCOME $ 274,696 $ 255,662 $ 254,441 $ (151,925) OPERATING INCOME 356,490 INTEREST INCOME (EXPENSE) (5,866) INCOME BEFORE INCOME TAXES $ 350,624

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies (Details)	Mar. 31, 2024 client
Accounting Policies [Abstract]
Entity number of customers	7,500

Nature of Operations and Summ_5

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses - beginning balance	$ 8,132	$ 8,184	$ 7,955	$ 7,616
Current provision for expected credit losses	480	420	1,440	1,380
Write-offs charged against allowance	(642)	(444)	(1,425)	(834)
Recoveries of amounts previously written off	0	0	0	(2)
Other	(280)	0	(280)	0
Allowance for credit losses - ending balance	$ 7,690	$ 8,160	$ 7,690	$ 8,160

Nature of Operations and Summ_6

Nature of Operations and Summary of Significant Accounting Policies Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Accumulated Depreciation, Property and Equipment	$ 475,245	$ 466,711

Nature of Operations and Summ_7

Nature of Operations and Summary of Significant Accounting Policies Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets, Accumulated Amortization	$ 1,240,498	$ 1,149,913
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_8

Nature of Operations and Summary of Significant Accounting Policies Purchase of Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Automated Bookkeeping, Inc. [Member] | Preferred Stock [Member]
Investment Owned, at Cost	$ 18,250	$ 18,250

Nature of Operations and Summ_9

Nature of Operations and Summary of Significant Accounting Policies Treasury Stock (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Class of Stock Disclosures [Abstract]
Treasury Stock, Common, Shares	31,323,119		31,194,351
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	3,667,000		3,796,000
Treasury Stock, Value	$ 1,852,118		$ 1,832,118
Treasury Stock, Shares, Acquired	129,000	151,000

Revenue and Deferred Costs Disa

Revenue and Deferred Costs Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 538,562	$ 508,552	$ 1,655,631	$ 1,543,069
Private and Public Cloud
Disaggregation of Revenue [Line Items]
Revenue	174,122	158,228	506,344	460,357
Product Delivery and Service [Member]
Disaggregation of Revenue [Line Items]
Revenue	51,638	56,372	175,490	172,489
On-Premise Support
Disaggregation of Revenue [Line Items]
Revenue	79,257	77,322	277,380	269,925
Services and Support [Member]
Disaggregation of Revenue [Line Items]
Revenue	305,017	291,922	959,214	902,771
Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 233,545	$ 216,630	$ 696,417	$ 640,298

Revenue and Deferred Costs Cont

Revenue and Deferred Costs Contract Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Receivables, net	$ 263,416	$ 361,252
Contract Assets - Current	28,235	26,711
Contract Asset- Non-current	88,778	81,561
Contract Liabilities (Deferred Revenue) - Current	147,328	331,974
Contract Liabilities (Deferred Revenue) - Non-current	$ 66,617	$ 67,755

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized from beginning deferred balance	$ 83,083	$ 83,179	$ 226,419	$ 215,263
Future revenue related to unsatisfied performance obligations	$ 6,493,836		$ 6,493,836
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future revenue related to unsatisfied performance obligations, expected percentage to be recognized for given time frame	24%		24%
Future revenue related to unsatisfied performance obligations, expected timing	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
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%		20%
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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Capitalized Contract Cost	$ 464,563		$ 464,563		$ 442,012
Amortization of deferred contract costs	$ 41,107	$ 37,381	$ 133,195	$ 114,222

Fair Value Measures and Discl_4

Fair Value Measures and Disclosures (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certificates of Deposit	$ 3,461	$ 2,234
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	3,461	2,234
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
Credit facilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit facilities	250,000	275,000
Credit facilities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit facilities	0	0
Credit facilities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit facilities	250,000	275,000
Credit facilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit facilities	$ 0	$ 0

Leases Leases (Details)

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Operating Lease, Right-of-Use Asset	$ 56,336		$ 56,336		$ 43,662
Present value of operating lease liabilities	62,065		62,065		50,269
Operating Lease, Liability, Current	9,063		9,063		9,776
Operating Lease, Liability, Noncurrent	$ 53,002		$ 53,002		$ 40,493
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets		Other non-current assets		Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses		Accrued expenses		Accrued expenses
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities		Other long-term liabilities		Other long-term liabilities
Accumulated Amortization Operating Lease Right-of-use asset	$ 32,167		$ 32,167		$ 34,973
Operating Lease, Cost	3,190	$ 2,903	7,888	$ 8,991
Variable Lease, Cost	$ 1,101	$ 846	3,354	2,727
Operating Lease, Payments			6,855	9,230
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			$ 19,222	$ 2,354
Operating Lease, Weighted Average Remaining Lease Term	79 months		79 months		78 months
Operating Lease, Weighted Average Discount Rate, Percent	2.69%		2.69%		2.14%
Operating Lease Liability Option To Extend Amounts	$ 5,464		$ 5,464
Lessee, lease not yet commenced, future minimum payments due	$ 0		$ 0
Elizabethtown, KY Sublease
Lessor, Operating Lease, Term of Contract	57 months		57 months
Sublease Income	$ 213		$ 345
Minimum [Member]
Remaining lease terms	2 months		2 months
Maximum [Member]
Remaining lease terms	10 years		10 years

Leases Lease Maturity (Details)

Leases Lease Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Leases [Abstract]
2024 (remaining period)	$ 2,423
2025	10,347
2026	10,938
2027	10,422
2028	10,073
Thereafter	25,098
Total lease payments	69,301
Less: interest	(7,236)
Present value of operating lease liabilities	62,065	$ 50,269
2024 (remaining period)	263
2025	807
2026	831
2027	856
2028	882
Total sublease receipts	$ 3,639

Debt Narrative (Details)

Debt Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023	May 16, 2023
Debt Instrument [Line Items]
Interest paid	$ 11,176	$ 6,871
Unsecured Debt [Member]
Debt Instrument [Line Items]
Unsecured Loan, Unused Borrowing Capacity	$ 5,000
Unsecured Loan, Maturity Date	Apr. 30, 2025
Unsecured Loan, Amount Outstanding	$ 0		$ 0
Revolving credit facility [Member] | Credit facilities [Member]
Debt Instrument [Line Items]
Revolving Credit Facility, Current Borrowing Capacity	600,000
Revolving Credit Facility, Maximum Borrowing Capacity	$ 1,000,000
Revolving Credit Facility, Expiration Date	Aug. 31, 2027
Long-term Debt	$ 70,000		95,000
Term loan facility | Credit facilities [Member]
Debt Instrument [Line Items]
Revolving Credit Facility, Expiration Date	May 16, 2025
Long-term Debt	$ 180,000		$ 180,000
Debt Instrument, Face Amount				$ 180,000
Fed Funds Effective Rate Overnight Index Swap Rate [Member] | Revolving credit facility [Member] | Credit facilities [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	0.50%
Fed Funds Effective Rate Overnight Index Swap Rate [Member] | Term loan facility | Credit facilities [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	0.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Revolving credit facility [Member] | Credit facilities [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Term loan facility | Credit facilities [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	0.75%
Prime Rate [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1%

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Effective Tax Rate	23.70%	23.20%	23.60%	23.30%
Income Taxes Paid, Net			$ 70,686	$ 103,251
Unrecognized Tax Benefits	$ 13,999		13,999
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	12,225		12,225
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	2,800	$ 1,635	2,800	$ 1,635
Minimum [Member]
Expiration of statutes of limitations impact on UTB balance	1,500		1,500
Maximum [Member]
Expiration of statutes of limitations impact on UTB balance	$ 4,500		$ 4,500

Stock Based Compensation Narrat

Stock Based Compensation Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense for stock-based compensation	$ 6,924	$ 6,915	$ 22,404	$ 21,459
Granted, number of shares			154
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross			0
Exercised, number of shares			0
Forfeited, number of shares			0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	12		12
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 87.27		$ 87.27
Outstanding, period end, intrinsic value	$ 1,010		$ 1,010
Compensation expense not yet recognized, stock options	0		$ 0
Weighted average remaining contractual term, stock options			2 years 3 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense yet to be recognized	$ 26,784		$ 26,784
Compensation expense yet to be recognized, period for recognition			1 year 3 months
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			59
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]
Termination after grant date			10 years
Requisite service period			3 years
Termination period after termination of employment			90 days
Termination period after death			1 year
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period			1 year
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period			3 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			95
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			24
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 Restri

Stock Based Compensation Restricted Stock Unit Awards (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, number of shares	154
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	303
Vested, number of shares	(98)
Forfeited, number of shares	(37)
Outstanding, period end, number of shares	322
Outstanding, period start, weighted average grant date fair value | $ / shares	$ 190.08
Granted, weighted average grant date fair value | $ / shares	178.58
Vested, weighted average grant date fair value | $ / shares	170.11
Forfeited, weighted average grant date fair value | $ / shares	194.25
Outstanding, period end, weighted average grant date fair value | $ / shares	$ 190.22
Restricted Stock Units, Aggregate Intrinsic Value, Outstanding | $	$ 55,983
Restricted Stock Units (RSUs) [Member] | Fair value on grant date less PV of dividends [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	95
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	59
Performance Shares [Member] | Fair value on grant date less PV of dividends [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	24
Performance Shares [Member] | Fair value under Monte Carlo [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	35

Stock Based Compensation PSU Me

Stock Based Compensation PSU Measurement Date Assumptions (Details) - Compensation Peer Group [Member] - Performance Shares [Member]	Aug. 04, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Volatility	25.60%
Risk free interest rate	4.48%
Annual dividend based on most recent quarterly dividend	$ 2.08
Dividend yield	1.23%
Beginning average percentile rank for TSR	74%

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Income	$ 87,099	$ 81,549	$ 280,743	$ 268,873
Common share information:
Weighted average shares outstanding for basic earnings per share	72,872	72,935	72,860	72,931
Dilutive effect of stock options, restricted stock units, and performance units	159	139	150	188
Weighted average shares outstanding for diluted earnings per share	73,031	73,074	73,010	73,119
Basic earnings per share	$ 1.20	$ 1.12	$ 3.85	$ 3.69
Diluted earnings per share	$ 1.19	$ 1.12	$ 3.85	$ 3.68
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	31	0	29	0

Business Acquisitions (Details)

Business Acquisitions (Details) - Payrailz [Member] $ in Thousands	Aug. 31, 2022 USD ($)
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Aug. 31, 2022
Payments to Acquire Businesses, Gross	$ 230,205
Escrow deposit related to acquisition	48,500
Escrow deposit - final purchase price adjustment	2,500
Escrow deposit - indemnification matters	46,000
Current assets	1,851
Identifiable intangible assets	119,868
Deferred revenue	(8,104)
Total other liabilities assumed	(749)
Total identifiable net assets	112,866
Net assets acquired	230,205
Cash Acquired from Acquisition	577
Acquired Receivables, Gross Contractual Amount	978
Acquired Receivable, Fair Value	978
Acquired Receivables, Estimated Uncollectible	0
Customer Relationships [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 6,109
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Computer Software, Intangible Asset [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 112,505
Identifiable Intangible Assets, Weighted Average Useful Life	10 years
Other Intangible Assets [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets Acquired	$ 1,254
Identifiable Intangible Assets, Weighted Average Useful Life	15 years
Payments [Member]
Business Acquisition [Line Items]
Acquisition goodwill expected to be tax deductible	$ 117,339

Reportable Segment Informatio_3

Reportable Segment Information Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 USD ($) segment
Segment Reporting [Abstract]
Number of Reportable Segments | segment		4
Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Core to Corporate and Other	$ (1,797)	$ (5,456)
Reclassification of Cost from Core to Corporate and Other	(1,711)	(5,004)
Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Payments to Corporate and Other	(7)	(24)
Reclassification of Cost from Payments to Corporate and Other	(662)	(1,923)
Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Complementary to Corporate and Other	(135)	(243)
Reclassification of Cost from Complementary to Corporate and Other	(329)	(989)
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Reclassification of Revenue from Core to Corporate and Other	1,797	5,456
Reclassification of Revenue from Payments to Corporate and Other	7	24
Reclassification of Revenue from Complementary to Corporate and Other	135	243
Reclassification of Cost from Core to Corporate and Other	1,711	5,004
Reclassification of Cost from Payments to Corporate and Other	662	1,923
Reclassification of Cost from Complementary to Corporate and Other	$ 329	$ 989

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 538,562	$ 508,552	$ 1,655,631	$ 1,543,069
Cost of Revenue	328,224	307,345	972,205	910,195
Research and Development	35,993	34,625	108,363	104,179
Selling, General, and Administrative	62,246	58,192	211,298	172,205
Total Expenses	426,463	400,162	1,291,866	1,186,579
OPERATING INCOME	112,099	108,390	363,765	356,490
INTEREST INCOME (EXPENSE)	2,066	(2,275)	3,870	(5,866)
INCOME BEFORE INCOME TAXES	114,165	106,115	367,635	350,624
Services and Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	305,017	291,922	959,214	902,771
Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	233,545	216,630	696,417	640,298
Core [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	166,655	155,106	518,696	481,961
Cost of Revenue	72,153	69,994	217,449	207,265
SEGMENT INCOME	94,502	85,112	301,247	274,696
Core [Member] | Services and Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	156,421	145,012	487,594	452,027
Core [Member] | Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	10,234	10,094	31,102	29,934
Payments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	201,919	191,833	605,115	569,843
Cost of Revenue	109,848	106,216	330,297	314,181
SEGMENT INCOME	92,071	85,617	274,818	255,662
Payments [Member] | Services and Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	20,440	19,833	61,402	57,814
Payments [Member] | Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	181,479	172,000	543,713	512,029
Complementary [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	149,231	141,987	463,064	432,526
Cost of Revenue	65,414	61,037	191,712	178,085
SEGMENT INCOME	83,817	80,950	271,352	254,441
Complementary [Member] | Services and Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	109,682	108,993	347,733	337,413
Complementary [Member] | Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	39,549	32,994	115,331	95,113
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	20,757	19,626	68,756	58,739
Cost of Revenue	80,809	70,098	232,747	210,664
SEGMENT INCOME	(60,052)	(50,472)	(163,991)	(151,925)
Corporate and Other [Member] | Services and Support [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	18,474	18,084	62,485	55,517
Corporate and Other [Member] | Processing [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 2,283	$ 1,542	$ 6,271	$ 3,222

Subsequent Events Subsequent _2

Subsequent Events Subsequent Events (Details) - $ / shares		3 Months Ended		9 Months Ended
	May 08, 2024	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Subsequent Event [Line Items]
Dividends declared per share		$ 0.55	$ 0.52	$ 1.59	$ 1.50
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend record date	May 28, 2024
Dividend payable date	Jun. 17, 2024
Dividends declared per share	$ 0.55
Dividend declared date	May 08, 2024