REVENUE RECOGNITION

3 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

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 September 30,
	2021		2020
Revenues:
U.S. assisted tax preparation	$	33,607	$	207,167
U.S. royalties	7,358		22,652
U.S. DIY tax preparation	4,061		47,463
International	58,325		58,776
Refund Transfers	1,665		6,113
Emerald Card®	28,258		12,436
Peace of Mind® Extended Service Plan	24,836		27,192
Tax Identity Shield®	5,153		8,994
Interest and fee income on Emerald AdvanceSM	479		526
Wave	19,137		13,737
Other	9,745		12,290
Total revenues	$	192,624	$	417,346

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 September 30,	2021		2020		2021		2020
Balances as of July 1,	$	172,759	$	167,827	$	17,867	$	18,707
Amounts deferred	1,492		10,560		7		20
Amounts recognized on previous deferrals	(28,948)		(31,652)		(2,847)		(3,458)
Balances as of September 30,	$	145,303	$	146,735	$	15,027	$	15,269

As of September 30, 2021, deferred revenue related to POM was $145.3 million. We expect that $96.5 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years.

As of September 30, 2021 and 2020, Tax Identity Shield® (TIS) deferred revenue was $23.5 million and $21.7 million, respectively. Deferred revenue related to TIS was $28.3 million and $28.8 million as of June 30, 2021 and June 30, 2020, respectively. All deferred revenue related to TIS will be recognized by April 30, 2022