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REVENUE RECOGNITION
6 Months Ended
Dec. 31, 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 December 31,Six months ended December 31,
2022202120222021
Revenues:
U.S. assisted tax preparation$41,216 $30,845 $77,528 $64,452 
U.S. royalties4,946 3,404 11,174 10,762 
U.S. DIY tax preparation12,150 9,210 15,308 13,271 
Refund Transfers1,542 777 2,826 2,442 
Peace of Mind® Extended Service Plan17,320 17,315 42,090 42,151 
Tax Identity Shield®5,350 5,200 10,517 10,353 
Emerald Card® and SpruceSM
12,478 24,830 24,090 53,088 
Interest and fee income on Emerald AdvanceSM
12,903 12,424 13,517 12,903 
International28,046 27,907 86,880 86,232 
Wave21,941 19,497 44,587 38,634 
Other8,513 7,407 17,873 17,152 
Total revenues$166,405 $158,816 $346,390 $351,440 
Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:
(in 000s)
POMDeferred RevenueDeferred Wages
Six months ended December 31,2022202120222021
Balance, beginning of the period$173,486 $172,759 $19,495 $17,867 
Amounts deferred3,262 2,961 10 10 
Amounts recognized on previous deferrals(47,811)(49,034)(5,012)(4,805)
Balance, end of the period$128,937 $126,686 $14,493 $13,072 
As of December 31, 2022, deferred revenue related to POM was $128.9 million. We expect that $94.8 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years.
As of December 31, 2022 and 2021, Tax Identity Shield® (TIS) deferred revenue was $16.8 million and $18.5 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.