Revenue Recognition

12 Months Ended

Apr. 30, 2021

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)

Year ended April 30,	2021		2020		2019
Revenues:
U.S. assisted tax preparation	$	2,035,107	$	1,533,303	$	1,858,998
U.S. royalties	226,253		193,411		243,541
U.S. DIY tax preparation	313,055		208,901		261,413
International	249,868		180,065		220,562
Refund Transfers	163,329		154,687		169,985
Emerald Card®	136,717		92,737		98,256
Peace of Mind® Extended Service Plan	98,882		105,185		108,114
Tax Identity Shield®	40,624		31,797		35,661
Interest and fee income on Emerald AdvanceSM	53,430		60,867		58,182
Wave	58,277		36,711		—
Other	38,445		42,056		40,169
Total revenues	$	3,413,987	$	2,639,720	$	3,094,881

Changes in the balances of deferred revenue and wages for POM are as follows:


							(in 000s)
POM	Deferred Revenue				Deferred Wages
Year ended April 30,	2021		2020		2021		2020
Balance, beginning of the year	$	183,685	$	212,511	$	21,618	$	27,306
Amounts deferred	115,114		95,032		11,367		10,708
Amounts recognized on previous deferrals	(114,928)		(123,858)		(12,816)		(16,396)
Balance, end of the year	$	183,871	$	183,685	$	20,169	$	21,618

As of April 30, 2021, deferred revenue related to POM was $183.9 million. We expect that $101.9 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following sixty months. The related liabilities are included in deferred revenue and other liabilities in the consolidated balance sheets. The related assets are included in prepaid expenses and other current assets or other noncurrent assets.

As of April 30, 2021, and 2020, TIS deferred revenue was $28.9 million and $30.8 million, respectively. The related liabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred revenue related to TIS as of April 30, 2021 will be recognized within the next twelve months.

A significant portion of our accounts receivable balances arise from services and products that we provide to our customers, with the exception of those related to EAs, which arise from purchased participation interests with our bank partner. The majority of our receivables are related to our RT product. Generally the prices of our services and products are fixed and determinable at the time of sale. For our RT product, we record a receivable for our fees which is then collected at the time the IRS issues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and subsequent to the tax season. See note 4 for our accounts receivable balances.