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REVENUE RECOGNITION
6 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION
NOTE 2: REVENUE RECOGNITION
The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. 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,
2023202220232022
Revenues:
U.S. assisted tax preparation$48,342 $41,216 $87,605 $77,528 
U.S. royalties5,454 4,946 11,155 11,174 
U.S. DIY tax preparation13,111 12,150 16,959 15,308 
Refund Transfers813 1,542 1,955 2,826 
Peace of Mind® Extended Service Plan17,440 17,320 42,287 42,090 
Tax Identity Shield®4,694 5,350 9,274 10,517 
Emerald Card® and SpruceSM
11,700 12,478 20,333 24,090 
Interest and fee income on Emerald AdvanceSM
15,235 12,903 15,533 13,517 
International29,569 28,046 90,134 86,880 
Wave23,133 21,941 47,076 44,587 
Other9,592 8,513 20,572 17,873 
Total revenues$179,083 $166,405 $362,883 $346,390 
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 31,2023202220232022
Balance, beginning of the period$167,257 $173,486 $21,828 $19,495 
Amounts deferred3,601 3,262 8 10 
Amounts recognized on previous deferrals(48,995)(47,811)(5,590)(5,012)
Balance, end of the period$121,863 $128,937 $16,246 $14,493 
As of December 31, 2023, deferred revenue related to POM was $121.9 million. We expect that $89.9 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, 2023 and 2022, Tax Identity Shield® (TIS) deferred revenue was $16.5 million and $16.8 million, respectively. Deferred revenue related to TIS was $25.2 million and $25.8 million as of June 30, 2023 and 2022, respectively. All deferred revenue related to TIS will be recognized by April 2024.