REVENUE RECOGNITION

3 Months Ended

Sep. 30, 2022

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,
	2022		2021
Revenues:
U.S. assisted tax preparation	$	36,312	$	33,607
U.S. royalties	6,228		7,358
U.S. DIY tax preparation	3,158		4,061
Refund Transfers	1,284		1,665
Peace of Mind® Extended Service Plan	24,770		24,836
Tax Identity Shield®	5,167		5,153
Emerald Card® and SpruceSM	11,612		28,258
Interest and fee income on Emerald AdvanceSM	614		479
International	58,834		58,325
Wave	22,646		19,137
Other	9,360		9,745
Total revenues	$	179,985	$	192,624

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,	2022		2021		2022		2021
Balance, beginning of the period	$	173,486	$	172,759	$	19,495	$	17,867
Amounts deferred	1,360		1,492		5		7
Amounts recognized on previous deferrals	(28,703)		(28,948)		(2,988)		(2,847)
Balance, end of the period	$	146,143	$	145,303	$	16,512	$	15,027

As of September 30, 2022, deferred revenue related to POM was $146.1 million. We expect that $97.0 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, 2022 and 2021, Tax Identity Shield® (TIS) deferred revenue was $21.2 million and $23.5 million, respectively. Deferred revenue related to TIS was $25.8 million and $28.3 million as of June 30, 2022 and June 30, 2021, respectively. All deferred revenue related to TIS will be recognized by April 2023.