Revenue Recognition

3 Months Ended

Jul. 31, 2019

Revenue from Contract with Customer [Abstract]

NOTE 2: REVENUE RECOGNITION

The majority of our revenues are from our U.S. Tax Services business. The following table disaggregates our U.S. Tax Services revenues by major service line, with revenues from our international Tax Services businesses and from Wave included as separate lines:



			(in 000s)
Three months ended July 31,	2019		2018
Revenues:
U.S. assisted tax preparation	$	32,992	$	31,104
U.S. royalties	6,859		7,571
U.S. DIY tax preparation	3,410		2,781
International	40,581		39,179
Refund Transfers	1,509		1,424
Emerald Card®	13,855		14,246
Peace of Mind® Extended Service Plan	32,837		36,577
Tax Identity Shield®	4,522		4,741
Interest and fee income on Emerald Advance^TM	554		447
Wave	3,625		—
Other	9,618		7,113
Total revenues	$	150,362	$	145,183

Wave revenues primarily consist of fees received to process payment transactions and are generally calculated as a percentage of the transaction amounts processed. Revenues are recognized upon authorization of the transaction.

Changes in the balances of deferred revenue and wages for Peace of Mind® Extended Service Plan (POM) are as follows:



										(in 000s)
POM	Deferred Revenue						Deferred Wages
Three months ended July 31,	2019			2018			2019			2018
Balance, beginning of the period	$	212,511		$	218,274		$	27,306		$	32,683
Amounts deferred	1,723			1,392			23			62
Amounts recognized on previous deferrals	(38,212		)	(40,857		)	(5,324		)	(5,917		)
Balance, end of the period	$	176,022		$	178,809		$	22,005		$	26,828

As of July 31, 2019, deferred revenue related to POM was $176.0 million. We expect that $110.7 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following sixty months.

As of July 31, 2019 and 2018, Tax Identity Shield® (TIS) deferred revenue was $25.4 million and $31.9 million, respectively. Deferred revenue related to TIS was $29.7 million and $36.4 million at April 30, 2019 and 2018, respectively. All deferred revenue related to TIS will be recognized within the next nine months.