REVENUE RECOGNITION

3 Months Ended

Jul. 31, 2020

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,
	2020		2019
Revenues:
U.S. assisted tax preparation	$	337,728	$	32,992
U.S. royalties	35,949		6,859
U.S. DIY tax preparation	67,595		3,410
International	67,818		40,581
Refund Transfers	10,553		1,509
Emerald Card®	17,055		13,855
Peace of Mind® Extended Service Plan	31,995		32,837
Tax Identity Shield®	9,367		4,522
Interest and fee income on Emerald Advance^TM	663		554
Wave	12,067		3,625
Other	10,240		9,618
Total revenues	$	601,030	$	150,362

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



										(in 000s)
POM	Deferred Revenue						Deferred Wages
Three months ended July 31,	2020			2019			2020			2019
Balance, beginning of the period	$	183,685		$	212,511		$	21,618		$	27,306
Amounts deferred	18,217			1,723			128			23
Amounts recognized on previous deferrals	(37,205		)	(38,212		)	(4,348		)	(5,324		)
Balance, end of the period	$	164,697		$	176,022		$	17,398		$	22,005

As of July 31, 2020, deferred revenue related to POM was $164.7 million. We expect that $102.4 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, 2020 and 2019, Tax Identity Shield® (TIS) deferred revenue was $24.8 million and $25.4 million, respectively. Deferred revenue related to TIS was $30.8 million and $29.7 million at April 30, 2020 and 2019, respectively. All deferred revenue related to TIS will be recognized within the next nine months.