Jack Henry & Associates, Inc
(NASDAQ:JKHY)

Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institut...

Website: http://www.jackhenry.com

Founded: 1976

Full Time Employees: 6,717

Sector: Technology

Industry: Information Technology Services

Industrials

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30

total revenue	619,334,000	644,738,000	615,372,000	585,087,000	573,848,000	600,982,000	559,912,000	538,562,000	545,701,000	571,368,000	534,633,000	508,552,000	505,314,000	529,202,000	482,672,000	478,260,000	493,896,000	488,056,000	450,287,000	433,776,000	422,361,000	451,800,000	410,537,000	429,406,000	419,119,000	438,005,000	393,509,000	380,364,000	386,275,000	392,543,000	417,229,000	384,684,000	374,756,000	359,934,000	383,768,000	353,767,000	348,553,000	345,028,000	366,969,000	333,186,000	332,872,000	321,618,000	333,713,000	309,709,000	311,294,000	318,819,000	310,939,000	300,929,000	302,525,000	295,661,000	298,148,000	281,543,000	278,694,000	271,001,000	266,609,000	256,304,000	255,858,000	248,338,000	249,255,000	240,185,000	242,635,000	234,822,000
yoy	7.93%	7.28%	9.91%	8.64%	5.16%	5.18%	4.73%	5.90%	7.99%	7.97%	10.77%	6.33%	2.31%	8.43%	7.19%	10.26%	16.94%	8.02%	9.68%	1.02%	0.77%	3.15%	4.33%	12.89%	8.50%	11.58%	-5.69%	-1.12%	3.07%	9.06%	8.72%	8.74%	7.52%	4.32%	4.58%	6.18%	4.71%	7.28%	9.97%	7.58%	6.93%	0.88%	7.32%	2.92%	2.90%	7.83%	4.29%	6.89%	8.55%	9.10%	11.83%	9.85%	8.93%	9.13%	6.96%	6.71%	5.45%	5.76%
qoq	-3.94%	4.77%	5.18%	1.96%	-4.51%	7.34%	3.96%	-1.31%	-4.49%	6.87%	5.13%	0.64%	-4.51%	9.64%	0.92%	-3.17%	1.20%	8.39%	3.81%	2.70%	-6.52%	10.05%	-4.39%	2.45%	-4.31%	11.31%	3.46%	-1.53%	-1.60%	-5.92%	8.46%	2.65%	4.12%	-6.21%	8.48%	1.50%	1.02%	-5.98%	10.14%	0.09%	3.50%	-3.62%	7.75%	-0.51%	-2.36%	2.53%	3.33%	-0.53%	2.32%	-0.83%	5.90%	1.02%	2.84%	1.65%	4.02%	0.17%	3.03%	-0.37%	3.78%	-1.01%	3.33%
expenses
cost of revenue	350,989,000	348,566,000	343,879,000	340,586,000	332,850,000	343,432,000	327,272,000	328,224,000	320,979,000	323,002,000	308,867,000	307,345,000	304,589,000	298,261,000	286,815,000	282,339,000	282,825,000	276,636,000	274,918,000	267,770,000	257,782,000	262,929,000	254,835,000	258,571,000	249,267,000	245,791,000	240,040,000	235,594,000	227,284,000	220,112,000	235,682,000	221,592,000	211,653,000	204,715,000
research and development	42,228,000	39,278,000	42,579,000	39,411,000	41,095,000	39,686,000	39,893,000	35,993,000	35,478,000	36,892,000	38,499,000	34,625,000	36,561,000	32,993,000	33,961,000	30,725,000	29,916,000	26,754,000	28,814,000	27,395,000	26,780,000	26,057,000	29,902,000	28,308,000	27,187,000	24,591,000	24,920,000	23,442,000	23,990,000	24,026,000	24,406,000	22,591,000	22,414,000	20,929,000	23,340,000	20,801,000	20,873,000	19,739,000	23,965,000	19,854,000	18,862,000	18,554,000	19,500,000	17,522,000	17,681,000	16,791,000	17,448,000	17,486,000	16,142,000	15,673,000	16,869,000	15,996,000	15,691,000	14,645,000	15,394,000	15,471,000	15,075,000	14,936,000	16,452,000	15,716,000	15,837,000	15,390,000
selling, general, and administrative	66,969,000	72,829,000	73,216,000	66,350,000	76,901,000	66,588,000	67,121,000	62,246,000	70,277,000	78,774,000	63,069,000	58,192,000	56,788,000	57,225,000	58,124,000	53,607,000	55,493,000	51,071,000	50,259,000	47,408,000	44,167,000	45,226,000	52,098,000	47,391,000	48,961,000	49,436,000	49,132,000	44,887,000	46,797,000	45,183,000	48,614,000	44,185,000	45,613,000	43,733,000
total expenses	460,186,000	460,673,000	459,674,000	446,347,000	450,846,000	449,706,000	434,286,000	426,463,000	426,734,000	438,668,000	410,435,000	400,162,000	397,938,000	388,479,000	378,900,000	366,671,000	368,234,000	354,461,000	353,991,000	342,573,000	328,729,000	334,212,000	333,740,000	337,468,000	325,415,000	319,818,000	314,092,000	303,923,000	298,071,000	289,321,000	308,702,000	288,368,000	279,491,000	267,672,000
operating income	159,148,000	184,065,000	155,698,000	138,740,000	123,002,000	151,276,000	125,626,000	112,099,000	118,967,000	132,700,000	124,198,000	108,390,000	107,376,000	140,723,000	103,772,000	111,589,000	125,662,000	133,595,000	96,296,000	91,203,000	93,632,000	117,588,000	76,797,000	91,938,000	93,704,000	118,187,000	79,417,000	76,441,000	88,204,000	103,222,000	108,527,000	96,316,000	95,265,000	92,262,000	98,947,000	88,731,000	88,606,000	91,417,000	116,504,000	79,830,000	84,787,000	80,537,000	89,375,000	77,202,000	79,665,000	82,639,000	79,800,000	71,382,000	83,473,000	77,344,000	72,895,000	65,709,000	59,428,000	67,516,000	61,152,000	56,497,000	60,788,000	57,797,000	58,050,000	50,503,000	54,989,000	52,775,000
yoy	29.39%	21.67%	23.94%	23.77%	3.39%	14.00%	1.15%	3.42%	10.79%	-5.70%	19.68%	-2.87%	-14.55%	5.34%	7.76%	22.35%	34.21%	13.61%	25.39%	-0.80%	-0.08%	-0.51%	-3.30%	20.27%	6.24%	14.50%	-26.82%	-20.64%	-7.41%	11.88%	9.68%	8.55%	7.52%	0.92%	-15.07%	11.15%	4.50%	13.51%	30.35%	3.40%	6.43%	-2.54%	12.00%	8.15%	-4.56%	6.85%	9.47%	8.63%	40.46%	14.56%	19.20%	16.31%	-2.24%	16.82%	5.34%	11.87%	10.55%	9.52%
qoq	-13.54%	18.22%	12.22%	12.79%	-18.69%	20.42%	12.07%	-5.77%	-10.35%	6.85%	14.58%	0.94%	-23.70%	35.61%	-7.01%	-11.20%	-5.94%	38.73%	5.58%	-2.59%	-20.37%	53.12%	-16.47%	-1.88%	-20.72%	48.82%	3.89%	-13.34%	-14.55%	-4.89%	12.68%	1.10%	3.25%	-6.76%	11.51%	0.14%	-3.07%	-21.53%	45.94%	-5.85%	5.28%	-9.89%	15.77%	-3.09%	-3.60%	3.56%	11.79%	-14.48%	7.92%	6.10%	10.94%	10.57%	-11.98%	10.41%	8.24%	-7.06%	5.18%	-0.44%	14.94%	-8.16%	4.20%
operating margin %	25.70%	28.55%	25.30%	23.71%	21.43%	25.17%	22.44%	20.81%	21.80%	23.22%	23.23%	21.31%	21.25%	26.59%	21.50%	23.33%	25.44%	27.37%	21.39%	21.03%	22.17%	26.03%	18.71%	21.41%	22.36%	26.98%	20.18%	20.10%	22.83%	26.30%	26.01%	25.04%	25.42%	25.63%	25.78%	25.08%	25.42%	26.50%	31.75%	23.96%	25.47%	25.04%	26.78%	24.93%	25.59%	25.92%	25.66%	23.72%	27.59%	26.16%	24.45%	23.34%	21.32%	24.91%	22.94%	22.04%	23.76%	23.27%	23.29%	21.03%	22.66%	22.47%
interest income	6,187,000	7,139,000	6,353,000	5,899,000	7,159,000	8,347,000	8,647,000	6,499,000	5,121,000	4,745,000	5,176,000	2,391,000	1,240,000	152,000	16,000	3,000	6,000	7,000	6,000	24,000	52,000	68,000	87,000	197,000	346,000	508,000	179,000	155,000	252,000	291,000	151,000	130,000	146,000	147,000	39,000	42,000	60,000	108,000	49,000	54,000	91,000	113,000	51,000	33,000	28,000	57,000	33,000	84,000	129,000	131,000	129,000	133,000	190,000	187,000	856,000	85,000	106,000	129,000	15,000	61,000	32,000	17,000
interest expense	-1,142,000	-886,000	-2,102,000	-2,731,000	-2,780,000	-2,825,000	-3,889,000	-4,433,000	-3,865,000	-4,197,000	-5,424,000	-4,666,000	-3,406,000	-1,576,000	-997,000	-691,000	-447,000	-248,000	-619,000	-290,000	-117,000	-117,000	-211,000	-165,000	-156,000	-156,000	-406,000	-224,000	-148,000	-147,000	-747,000	-734,000	-250,000	-189,000	-392,000	-278,000	-184,000	-142,000	-447,000	-486,000	-276,000	-220,000	-321,000	-669,000	-337,000	-266,000	-297,000	-262,000	-267,000	-280,000	-2,701,000	-1,034,000	-1,261,000	-1,341,000	-1,375,000	-1,464,000	-1,448,000	-1,456,000	-1,841,000	-1,710,000	-2,487,000	-2,892,000
total interest income	5,045,000	6,253,000	4,251,000	3,168,000	4,379,000	5,522,000	4,758,000	2,066,000	1,256,000	548,000	-248,000	-2,275,000	-2,166,000	-1,424,000	-981,000	-688,000	-441,000	-241,000	-613,000	-266,000	-65,000	-49,000	-124,000	32,000	190,000	352,000	-227,000	-69,000	104,000	144,000	-596,000	-604,000	-104,000	-42,000	-353,000	-236,000	-124,000	-34,000	-398,000	-432,000	-185,000	-107,000	-270,000	-636,000	-309,000	-209,000	-264,000	-178,000	-138,000	-149,000	-2,572,000	-901,000	-1,071,000	-1,154,000	-519,000	-1,379,000	-1,342,000	-1,327,000	-1,744,750	-1,649,000	-2,455,000	-2,875,000
income before income taxes	164,193,000	190,318,000	159,949,000	141,908,000	127,381,000	156,798,000	130,384,000	114,165,000	120,223,000	133,248,000	123,950,000	106,115,000	105,210,000	139,299,000	102,791,000	110,901,000	125,221,000	133,354,000	95,683,000	90,937,000	93,567,000	117,539,000	76,673,000	91,970,000	93,894,000	118,539,000	79,190,000	76,372,000	88,308,000	103,366,000	107,931,000	95,712,000	95,161,000	92,220,000	98,594,000	88,495,000	88,482,000	91,383,000	116,106,000	79,398,000	84,602,000	80,430,000	89,105,000	76,566,000	79,356,000	82,430,000	79,536,000	71,204,000	83,335,000	77,195,000	70,323,000	64,808,000	58,357,000	66,362,000	60,633,000	55,118,000	59,446,000	56,470,000	56,224,000	48,854,000	52,534,000	49,900,000
provision for income taxes	39,525,000	46,332,000	32,345,000	30,800,000	29,536,000	37,607,000	29,311,000	27,066,000	28,258,000	31,569,000	26,177,000	24,566,000	24,435,000	32,750,000	22,365,000	26,194,000	29,551,000	31,240,000	18,821,000	19,528,000	21,585,000	26,323,000	15,328,000	18,115,000	21,796,000	29,169,000	18,197,000	17,120,000	20,219,000	19,815,000	22,651,000	23,317,000	-60,413,000	28,809,000	33,903,000	28,451,000	29,668,000	29,139,000	31,836,000	25,515,000	25,254,000	29,064,000	28,563,000	25,854,000	25,474,000	29,668,000	28,927,000	24,447,000	29,353,000	27,407,000	22,654,000	18,812,000	17,852,000	23,887,000	17,306,000	18,461,000	20,921,000	19,995,000	19,650,000	15,773,000	16,489,000	18,129,000
net income	124,668,000	143,986,000	127,604,000	111,108,000	97,845,000	119,191,000	101,073,000	87,099,000	91,965,000	101,679,000	97,773,000	81,549,000	80,775,000	106,549,000	80,426,000	84,707,000	95,670,000	102,114,000	76,862,000	71,409,000	71,982,000	91,216,000	61,345,000	73,855,000	72,098,000	89,370,000	60,993,000	59,252,000	68,089,000	83,551,000	85,280,000	72,395,000	155,574,000	63,411,000	64,691,000	60,044,000	58,814,000	62,244,000	84,270,000	53,883,000	59,348,000	51,366,000	60,542,000	50,712,000	53,882,000	52,762,000	50,609,000	46,757,000	53,982,000	49,788,000	47,669,000	45,996,000	40,505,000	42,475,000	43,327,000	36,657,000	38,525,000	36,475,000	36,574,000	33,081,000	36,045,000	31,771,000
yoy	27.41%	20.80%	26.25%	27.57%	6.39%	17.22%	3.38%	6.81%	13.85%	-4.57%	21.57%	-3.73%	-15.57%	4.34%	4.64%	18.62%	32.91%	11.95%	25.29%	-3.31%	-0.16%	2.07%	0.58%	24.65%	5.89%	6.96%	-28.48%	-18.15%	-56.23%	31.76%	31.83%	20.57%	164.52%	1.87%	-23.23%	11.43%	-0.90%	21.18%	39.19%	6.25%	10.14%	-2.65%	19.63%	8.46%	-0.19%	5.97%	6.17%	1.65%	33.27%	17.22%	10.02%	25.48%	5.14%	16.45%	18.46%	10.81%	6.88%	14.81%
qoq	-13.42%	12.84%	14.85%	13.56%	-17.91%	17.93%	16.04%	-5.29%	-9.55%	3.99%	19.89%	0.96%	-24.19%	32.48%	-5.05%	-11.46%	-6.31%	32.85%	7.64%	-0.80%	-21.09%	48.69%	-16.94%	2.44%	-19.33%	46.53%	2.94%	-12.98%	-18.51%	-2.03%	17.80%	-53.47%	145.34%	-1.98%	7.74%	2.09%	-5.51%	-26.14%	56.39%	-9.21%	15.54%	-15.16%	19.38%	-5.88%	2.12%	4.25%	8.24%	-13.38%	8.42%	4.45%	3.64%	13.56%	-4.64%	-1.97%	18.20%	-4.85%	5.62%	-0.27%	10.56%	-8.22%	13.45%
net income margin %	20.13%	22.33%	20.74%	18.99%	17.05%	19.83%	18.05%	16.17%	16.85%	17.80%	18.29%	16.04%	15.99%	20.13%	16.66%	17.71%	19.37%	20.92%	17.07%	16.46%	17.04%	20.19%	14.94%	17.20%	17.20%	20.40%	15.50%	15.58%	17.63%	21.28%	20.44%	18.82%	41.51%	17.62%	16.86%	16.97%	16.87%	18.04%	22.96%	16.17%	17.83%	15.97%	18.14%	16.37%	17.31%	16.55%	16.28%	15.54%	17.84%	16.84%	15.99%	16.34%	14.53%	15.67%	16.25%	14.30%	15.06%	14.69%	14.67%	13.77%	14.86%	13.53%
basic earnings per share	1.73	1.98	1.75	1.53	1.34	1.63	1.39	1.2	1.26	1.4	1.34	1.12	1.11	1.46	1.11	1.16	1.3	1.38	1.03	0.95	0.94	1.19	0.8	0.96	0.94	1.16	0.79	0.77	0.88	1.08	1.11	0.94	2.01	0.82	0.84	0.77	0.76	0.79	1.06	0.68	0.75	0.64	0.75	0.63	0.66	0.64	0.6	0.55	0.63	0.58	0.55	0.53	0.47	0.49	0.5	0.42	0.45	0.42
basic weighted-average shares outstanding	72,267	72,751	72,874	72,851	72,924	72,905	72,867	72,872	72,838	72,869	72,918	72,935	72,962	72,896	73,324	72,835	73,580	74,016	75,546	75,357	76,202	76,507	76,787	76,683	76,879	76,972	77,160	77,177	77,216	77,188	77,252	77,247	77,218	77,283	77,856	77,597	77,814	78,413	79,416	78,805	79,473	80,545	81,353	80,880	81,432	82,195	84,866	84,981	85,450	85,294	86,040	86,120	86,084	86,109	86,599	86,824	86,572	86,403	85,948	86,218	85,770	85,469
diluted earnings per share	1.72	1.97	1.75	1.52	1.34	1.63	1.38	1.19	1.26	1.39	1.34	1.12	1.1	1.46	1.1	1.16	1.3	1.38	1.04	0.95	0.94	1.19	0.8	0.96	0.94	1.16	0.8	0.77	0.88	1.08	1.09	0.93	2.01	0.82	0.83	0.77	0.75	0.79	1.06	0.68	0.74	0.64	0.75	0.63	0.66	0.64	0.6	0.55	0.63	0.58	0.55	0.53	0.47	0.49	0.5	0.42	0.44	0.42
diluted weighted-average shares outstanding	72,413	72,909	73,045	73,013	73,082	73,078	73,025	73,031	72,984	73,014	73,096	73,074	73,144	73,138	73,486	73,019	73,697	74,142	75,658	75,431	76,280	76,713	76,934	76,884	76,935	77,067	77,347	77,286	77,409	77,537	77,585	77,546	77,565	77,646	78,255	77,932	78,180	78,844	79,734	79,167	79,770	80,735	81,601	81,094	81,634	82,589	85,396	85,467	85,986	85,854	86,619	86,705	86,639	86,605	87,287	87,592	87,371	87,134	86,687	86,972	86,523	86,147
loss on disposal of assets																							773,750	3,198,000
gain on disposal of a business																															-473,500		-189,000	-1,705,000
license																																			326,000	516,000	849,000	694,000	511,000	292,000	634,000	1,604,000	1,072,000	569,000	491,000	13,610,000	13,071,000	15,267,000	12,893,000	11,779,000	12,063,000	16,681,000	13,210,000	12,864,000	13,986,000	15,009,000	13,552,000	12,264,000	15,123,000	13,025,000	15,460,000	9,459,000
support and service																																			371,007,000	342,769,000	337,515,000	333,046,000	353,363,000	319,649,000	320,219,000	307,746,000	318,635,000	296,896,000	296,905,000	292,454,000	283,635,000	270,931,000	274,276,000	269,544,000	269,901,000	250,415,000	250,310,000	244,585,000	236,762,000	226,535,000	225,609,000	220,270,000	219,191,000	210,074,000	212,378,000	210,610,000
hardware																																			12,435,000	10,482,000	10,189,000	11,288,000	13,095,000	13,245,000	12,019,000	12,268,000	14,006,000	12,244,000	13,898,000	12,755,000	14,233,000	14,731,000	15,356,000	14,338,000	16,184,000	14,447,000	15,174,000	13,552,000	15,861,000	14,760,000	16,697,000	15,804,000	14,941,000	17,086,000	14,797,000	14,753,000
cost of sales
cost of license																																			139,000	280,000	59,000	252,000	324,000	193,000	498,000	181,000	185,000	285,000	308,000	1,389,000	747,000	1,167,000	947,000	1,412,000	1,135,000	1,360,000	1,251,000	1,077,000	1,445,000	2,424,000	1,115,000	1,127,000	1,883,000	1,145,000	2,079,000	1,178,000
cost of support and service																																			210,137,000	198,844,000	191,269,000	185,892,000	195,878,000	184,527,000	181,989,000	174,714,000	176,825,000	168,457,000	170,377,000	169,697,000	166,743,000	164,223,000	157,893,000	154,583,000	160,807,000	155,012,000	144,683,000	143,418,000	144,736,000	139,593,000	135,833,000	131,124,000	132,244,000	131,010,000	126,857,000	125,806,000
cost of hardware																																			9,122,000	7,603,000	6,818,000	8,619,000	9,067,000	9,553,000	7,958,000	8,768,000	10,288,000	9,152,000	9,574,000	9,385,000	10,892,000	11,008,000	10,867,000	10,941,000	11,969,000	10,581,000	10,523,000	10,578,000	11,917,000	10,904,000	11,501,000	11,661,000	10,936,000	12,740,000	10,880,000	10,805,000
total cost of sales																																			219,398,000	206,727,000	198,146,000	194,763,000	205,269,000	194,273,000	190,445,000	183,663,000	187,298,000	177,894,000	180,259,000	180,471,000	178,382,000	176,398,000	169,707,000	166,936,000	173,911,000	166,953,000	156,457,000	155,073,000	158,098,000	152,921,000	148,449,000	143,912,000	145,063,000	144,895,000	139,816,000	137,789,000
gross profit																																			164,370,000	147,040,000	150,407,000	150,265,000	161,700,000	138,913,000	142,427,000	137,955,000	146,415,000	131,815,000	131,035,000	138,348,000	132,557,000	124,531,000	132,818,000	128,725,000	124,237,000	114,590,000	122,237,000	115,928,000	108,511,000	103,383,000	107,409,000	104,426,000	104,192,000	95,290,000	102,819,000	97,033,000
yoy																																			1.65%	5.85%	5.60%	8.92%	10.44%	5.38%	8.69%	-0.28%	10.45%	5.85%	-1.34%	7.48%	6.70%	8.68%	8.66%	11.04%	14.49%	10.84%	13.81%	11.01%	4.15%	8.49%	4.46%	7.62%
qoq																																			11.79%	-2.24%	0.09%	-7.07%	16.40%	-2.47%	3.24%	-5.78%	11.08%	0.60%	-5.29%	4.37%	6.44%	-6.24%	3.18%	3.61%	8.42%	-6.26%	5.44%	6.84%	4.96%	-3.75%	2.86%	0.22%	9.34%	-7.32%	5.96%
gross margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	42.83%	41.56%	43.15%	43.55%	44.06%	41.69%	42.79%	42.89%	43.87%	42.56%	42.09%	43.39%	42.63%	41.38%	43.90%	43.54%	41.67%	40.70%	43.86%	42.78%	40.70%	40.34%	41.98%	42.05%	41.80%	39.67%	42.38%	41.32%
operating expenses
selling and marketing																																			25,696,000	23,571,000	21,903,000	22,127,000	23,365,000	22,732,000	22,231,000	21,751,000	23,492,000	21,674,000	22,175,000	22,408,000	22,008,000	22,034,000	21,071,000	21,458,000	20,558,000	20,935,000	19,937,000	20,189,000	20,588,000	18,994,000	18,164,000	18,754,000
general and administrative																																			19,657,000	13,937,000	19,025,000	16,982,000	17,357,000	16,497,000	16,547,000	17,113,000	14,048,000	15,417,000	11,514,000	16,510,000	13,301,000	13,629,000	12,132,000	14,250,000	13,915,000	11,950,000	27,181,000	13,578,000	11,377,000	12,421,000	13,382,000	12,939,000	11,899,000	12,142,000	15,014,000	12,506,000
total operating expenses																																			65,423,000	58,309,000	61,801,000	58,848,000	45,196,000	59,083,000	57,640,000	57,418,000	57,040,000	54,613,000	51,370,000	55,709,000	52,757,000	53,149,000	49,345,000	51,381,000	51,342,000	48,881,000	62,809,000	48,412,000	47,359,000	46,886,000	46,621,000	46,629,000	46,142,000	44,787,000	47,830,000	44,258,000
cash dividends paid per share																																															0.155	0.22	0.2	0.2	0.2	0.13	0.115	0.115	0.115	0.115	0.105	0.105	0.074	0.105	0.095	0.095
diluted net income per share																																																											0.42	0.38	0.42	0.37
basic net income per share																																																											0.42	0.38	0.42	0.37
see notes to condensed consolidated financial statements

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30

assets
current assets:
cash and cash equivalents	28,216,000	36,239,000	101,953,000	39,870,000	25,653,000	43,212,000	38,284,000	27,254,000	26,709,000	31,467,000	12,243,000	26,552,000	25,763,000	31,970,000	48,787,000	39,797,000	29,120,000	44,251,000	50,992,000	70,116,000	147,762,000	195,320,000	213,345,000	109,514,000	72,513,000	96,679,000	93,628,000	35,398,000	26,156,000	114,872,000	31,440,000	57,402,000	57,719,000	104,040,000	114,765,000	42,916,000	64,188,000	84,519,000	70,310,000	54,001,000	55,126,000	84,485,000	148,313,000	52,800,000	49,332,000	39,402,000	70,377,000	52,244,000	155,501,000	181,787,000	127,905,000	182,051,000	192,854,000	223,688,000	157,313,000	89,771,000	95,202,000	108,055,000	63,125,000	54,383,000	46,871,000	46,766,000	125,518,000
receivables	298,458,000	307,647,000	317,977,000	282,162,000	283,223,000	306,660,000	333,033,000	263,416,000	270,551,000	288,733,000	361,252,000	238,364,000	246,378,000	247,541,000	348,072,000	222,696,000	236,096,000	253,160,000	306,564,000	207,736,000	212,934,000	223,013,000	300,945,000	212,060,000	204,703,000	234,362,000	310,080,000	190,768,000	184,737,000	198,564,000	291,630,000	168,934,000	166,827,000	172,515,000	276,923,000	139,503,000	146,256,000	148,428,000	253,923,000	137,406,000	147,091,000	147,652,000	245,387,000	137,415,000	147,890,000	159,110,000	224,041,000	140,010,000	136,369,000	152,624,000	231,263,000	126,820,000	129,462,000	136,827,000	218,305,000	118,371,000	126,600,000	134,648,000	207,510,000	115,529,000	126,827,000	133,499,000	208,450,000
income tax receivable	2,431,000	784,000					6,149,000				7,523,000	1,882,000			13,822,000	4,958,000	22,881,000	20,833,000	30,243,000	9,511,000	8,662,000		21,051,000	7,063,000			17,817,000	17,215,000	9,488,000	4,142,000	21,671,000	13,381,000	23,630,000	2,942,000	20,135,000	8,593,000	9,649,000	2,989,000	15,636,000	8,236,000	3,116,000	1,802,000	2,753,000	10,000	2,106,000	2,618,000	7,937,000	1,061,000	1,342,000	2,691,000	6,107,000	2,771,000	2,688,000	1,711,000	8,476,000	7,284,000	6,868,000	5,337,000	17,116,000	6,170,000	7,852,000	6,217,000	6,940,000
prepaid expenses and other	201,705,000	210,550,000	180,151,000	187,961,000	189,826,000	190,537,000	168,768,000	158,725,000	179,304,000	163,670,000	169,178,000	153,492,000	127,785,000	134,539,000	125,537,000	126,174,000	116,778,000	111,288,000	109,723,000	107,575,000	98,540,000	103,098,000	95,525,000	109,449,000	99,298,000	102,189,000	106,466,000	106,032,000	99,053,000	102,425,000	84,810,000	76,306,000	71,427,000	70,809,000	66,894,000	65,228,000	60,845,000	61,656,000	56,588,000	70,075,000	74,941,000	71,814,000	69,096,000	73,549,000	73,691,000	72,340,000	59,824,000	61,363,000	62,132,000	63,736,000	59,244,000	58,079,000	56,582,000	59,342,000	61,261,000	57,913,000	57,603,000	51,954,000	45,938,000	33,929,000	33,273,000	35,645,000	31,762,000
deferred costs	85,021,000	85,089,000	75,777,000	83,243,000	81,099,000	84,082,000	85,784,000	73,167,000	77,703,000	79,626,000	77,766,000	67,904,000	69,302,000	71,047,000	57,105,000	57,072,000	62,157,000	61,429,000	46,215,000	47,731,000	50,586,000	53,108,000	38,235,000	41,564,000	44,862,000	44,347,000	35,102,000	39,143,000	43,205,000	37,836,000	38,985,000	46,007,000	49,997,000	53,565,000	41,314,000	42,914,000	42,799,000	45,308,000	35,472,000	40,252,000	39,743,000	39,672,000	27,950,000	30,758,000	33,762,000
assets held for sale		11,346,000	5,606,000			10,012,000									20,201,000	20,201,000									6,355,000	6,546,000	6,355,000
total current assets	615,831,000	651,655,000	681,464,000	593,236,000	579,801,000	634,503,000	632,018,000	522,562,000	554,267,000	563,496,000	627,962,000	488,194,000	469,228,000	485,097,000	613,524,000	470,898,000	467,032,000	490,961,000	543,737,000	442,669,000	518,484,000	574,539,000	669,101,000	479,650,000	427,731,000	484,123,000	569,448,000	388,556,000	362,639,000	457,839,000	468,536,000	362,030,000	369,600,000	403,871,000	520,031,000	299,154,000	323,737,000	342,900,000	431,929,000	309,970,000	320,017,000	345,425,000	493,499,000	294,532,000	306,781,000	302,119,000	384,381,000	278,985,000	382,711,000	430,459,000	447,885,000	392,764,000	408,936,000	450,729,000	468,649,000	292,963,000	308,773,000	322,974,000	353,950,000	231,754,000	239,063,000	248,754,000	393,102,000
property and equipment	214,795,000	204,950,000	220,964,000	221,540,000	226,981,000	212,253,000	215,069,000	215,733,000	204,846,000	202,847,000	205,664,000	199,787,000	203,360,000	208,307,000	211,709,000	215,331,000	241,409,000	241,157,000	252,481,000	248,041,000	257,883,000	263,710,000	273,432,000	277,091,000	278,695,000	274,531,000	272,474,000	279,948,000	283,454,000	286,497,000	286,850,000	261,220,000	272,086,000	273,834,000	282,934,000	285,018,000	289,273,000	293,237,000	298,564,000	298,023,000	302,091,000	295,941,000	296,332,000	290,720,000	295,483,000	301,132,000	291,675,000	299,153,000	299,016,000	295,635,000	300,511,000	291,329,000	286,420,000	279,055,000	276,730,000	273,106,000	278,233,000	279,745,000	270,186,000	270,124,000	270,984,000	274,471,000	274,670,000
other assets:
non-current deferred costs	214,716,000	211,843,000	207,861,000	199,018,000	194,946,000	186,891,000	183,307,000	177,378,000	174,821,000	170,342,000	161,465,000	156,245,000	152,991,000	148,445,000	143,750,000	136,425,000	133,223,000	130,995,000	127,205,000	125,036,000	122,016,000	116,994,000	113,525,000	106,390,000	101,304,000	96,813,000	90,084,000	85,205,000	82,328,000	77,539,000	95,540,000	93,734,000	94,438,000	93,793,000	96,847,000	99,074,000	104,154,000	102,565,000	99,799,000	98,717,000	101,276,000	101,930,000	96,423,000	93,907,000	88,834,000
computer software, net of amortization	645,796,000	643,667,000	617,029,000	613,850,000	606,621,000	599,816,000	592,761,000	588,426,000	581,756,000	574,143,000	565,714,000	556,596,000	545,377,000	534,488,000	410,957,000	398,760,000	387,128,000	377,776,000	368,094,000	360,335,000	351,327,000	348,094,000	340,466,000	335,820,000	337,602,000	331,470,000	318,969,000	311,122,000	303,516,000	294,836,000	288,172,000	284,083,000	278,235,000	255,294,000	247,317,000	240,632,000	234,091,000	227,596,000	222,115,000	228,087,000	214,992,000	202,898,000	191,541,000	182,439,000	173,694,000	167,585,000	160,391,000	152,854,000	143,357,000	137,362,000	132,612,000	127,428,000	122,622,000	118,534,000	115,785,000	112,031,000	109,651,000	109,995,000	110,836,000	111,894,000	112,564,000	114,332,000	115,647,000
other non-current assets	474,527,000	439,098,000	443,624,000	429,247,000	424,994,000	413,758,000	417,621,000	383,504,000	353,248,000	334,825,000	322,698,000	312,458,000	309,178,000	300,924,000	293,526,000	263,937,000	260,186,000	248,918,000	249,210,000	234,838,000	233,865,000	225,154,000	220,591,000	213,110,000	218,564,000	212,253,000	134,743,000	133,639,000	129,562,000	119,500,000	107,775,000	99,891,000	90,641,000	84,699,000	82,525,000	76,983,000	76,773,000	75,104,000	70,461,000	58,944,000	57,364,000	52,654,000	52,432,000	48,214,000	46,411,000	37,389,000	38,121,000	35,381,000	32,665,000	31,007,000	30,411,000	29,553,000	29,589,000	28,873,000	30,523,000	29,393,000	29,430,000	28,741,000	28,492,000	26,133,000	27,250,000	24,730,000	25,385,000
customer relationships, net of amortization	46,487,000	48,120,000	48,440,000	50,519,000	52,598,000	54,678,000	56,757,000	58,949,000	61,142,000	63,335,000	65,528,000	67,854,000	70,179,000	72,482,000	69,503,000	72,541,000	75,579,000	78,617,000	81,842,000	85,254,000	88,295,000	91,701,000	95,108,000	98,912,000	102,807,000	106,702,000	100,653,000	104,912,000	109,263,000	110,812,000	115,034,000	115,760,000	119,925,000	89,447,000	90,433,000	94,262,000	97,536,000	100,810,000	104,085,000	114,901,000	118,461,000	121,988,000	122,204,000	125,694,000	129,183,000	132,893,000	136,602,000	140,317,000	139,999,000	143,583,000	147,167,000	151,831,000	155,471,000	159,110,000	162,561,000	167,526,000	171,455,000	175,590,000	179,133,000	183,313,000	187,493,000	191,912,000	196,328,000
other intangible assets, net of amortization	20,152,000	21,574,000	19,791,000	19,811,000	21,032,000	21,815,000	22,151,000	19,149,000	19,099,000	20,438,000	19,998,000	21,666,000	23,167,000	24,562,000	25,137,000	26,753,000	28,787,000	25,029,000	26,129,000	27,868,000	28,866,000	28,550,000	29,917,000	32,113,000	34,404,000	34,056,000	31,514,000	32,639,000	34,245,000	36,150,000	38,467,000	36,405,000	39,822,000	36,576,000	36,393,000	39,007,000	39,678,000	37,187,000	35,706,000	37,724,000	38,408,000	37,105,000	34,038,000	32,267,000	30,219,000	27,805,000	25,653,000	22,963,000	18,397,000	15,378,000
goodwill	827,740,000	826,665,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,797,000	804,155,000	687,458,000	687,458,000	687,458,000	687,458,000	687,458,000	687,458,000	685,973,000	686,334,000	686,334,000	686,333,000	686,332,000	686,030,000	666,944,000	666,858,000	666,770,000	649,929,000	649,929,000	652,245,000	652,329,000	558,831,000	552,465,000	552,853,000	552,853,000	552,853,000	552,853,000	556,256,000	556,256,000	556,256,000	550,366,000	550,366,000	550,366,000	552,761,000	552,761,000	552,059,000	533,291,000	533,291,000	533,291,000	533,291,000	533,291,000	533,520,000	533,520,000	533,520,000	533,520,000	533,520,000	533,520,000	533,520,000	533,520,000	537,106,000	537,106,000
total other assets	2,229,418,000	2,190,967,000	2,141,542,000	2,117,242,000	2,104,988,000	2,081,755,000	2,077,394,000	2,032,203,000	1,994,863,000	1,967,880,000	1,940,200,000	1,919,616,000	1,905,689,000	1,885,056,000	1,630,331,000	1,585,874,000	1,572,361,000	1,548,793,000	1,539,938,000	1,520,789,000	1,510,342,000	1,496,827,000	1,485,941,000	1,472,678,000	1,481,013,000	1,467,324,000	1,342,907,000	1,334,375,000	1,325,684,000	1,288,766,000	1,294,917,000	1,282,118,000	1,275,390,000	1,118,640,000	1,105,980,000	1,102,811,000	1,105,085,000	1,096,115,000	1,085,019,000	1,094,629,000	1,086,757,000	1,072,831,000	1,047,004,000	1,032,887,000	1,018,707,000	954,803,000	948,236,000	936,334,000	900,417,000	889,048,000	880,759,000	879,348,000	874,152,000	872,900,000	874,113,000	877,966,000	876,596,000	879,059,000	881,661,000	882,908,000	887,599,000	892,280,000	896,374,000
total assets	3,060,044,000	3,047,572,000	3,043,970,000	2,932,018,000	2,911,770,000	2,928,511,000	2,924,481,000	2,770,498,000	2,753,976,000	2,734,223,000	2,773,826,000	2,607,597,000	2,578,277,000	2,578,460,000	2,455,564,000	2,272,103,000	2,280,802,000	2,280,911,000	2,336,156,000	2,211,499,000	2,286,709,000	2,335,076,000	2,428,474,000	2,229,419,000	2,187,439,000	2,225,978,000	2,184,829,000	2,002,879,000	1,971,777,000	2,033,102,000	2,050,303,000	1,905,368,000	1,917,076,000	1,796,345,000	1,908,945,000	1,686,983,000	1,718,095,000	1,732,252,000	1,815,512,000	1,702,622,000	1,708,865,000	1,714,197,000	1,836,835,000	1,618,139,000	1,620,971,000	1,558,054,000	1,624,292,000	1,514,472,000	1,582,144,000	1,615,142,000	1,629,155,000	1,563,441,000	1,569,508,000	1,602,684,000	1,619,492,000	1,444,035,000	1,463,602,000	1,481,778,000	1,505,797,000	1,384,786,000	1,397,646,000	1,415,505,000	1,564,146,000
liabilities and stockholders' equity
current liabilities:
accounts payable	17,502,000	17,719,000	28,186,000	12,833,000	23,552,000	20,492,000	25,314,000	26,902,000	18,729,000	20,286,000	19,156,000	13,789,000	13,198,000	20,445,000	21,034,000	14,415,000	14,155,000	14,015,000	18,485,000	7,833,000	11,569,000	6,835,000	9,880,000	11,673,000	10,670,000	13,621,000	9,850,000	10,907,000	6,597,000	10,477,000	34,510,000	7,332,000	13,135,000	8,857,000	6,841,000	5,255,000	15,863,000	7,092,000	14,596,000	7,060,000	5,653,000	8,116,000	9,933,000	6,639,000	7,889,000	8,316,000	10,516,000	7,098,000	10,731,000	13,914,000	11,701,000	11,331,000	11,607,000	10,518,000	16,317,000	10,236,000	7,527,000	10,316,000	12,829,000	8,754,000	8,026,000	8,633,000	13,500,000
accrued expenses	174,403,000	172,948,000	207,434,000	184,331,000	186,096,000	180,201,000	200,770,000	180,319,000	174,084,000	157,945,000	172,629,000	150,005,000	147,908,000	147,679,000	192,042,000	155,476,000	150,363,000	147,073,000	182,517,000	152,669,000	145,878,000	144,774,000	166,689,000	126,337,000	116,383,000	106,752,000	120,360,000	95,959,000	92,614,000	113,074,000	97,848,000	82,790,000	75,397,000	72,685,000	81,574,000	69,807,000	67,555,000	69,821,000	85,411,000	69,721,000	74,469,000	67,158,000	78,962,000	64,863,000	63,882,000	58,038,000	63,299,000	58,137,000	51,293,000	52,164,000	68,528,000	55,183,000	51,462,000	47,475,000	58,260,000	49,549,000	48,311,000	43,974,000	49,479,000	42,110,000	40,720,000	37,915,000	46,187,000
accrued income taxes			9,679,000	4,225,000	278,000	31,020,000		20,494,000	14,417,000	30,678,000			31,668,000	27,394,000								878,000			676,000	5,874,000								8,682,000				6,547,000				20,036,000	5,543,000	4,601,000	438,000	14,690,000		6,864,000	3,222,000	14,887,000		3,679,000		10,945,000		42,000	5,941,000	5,706,000		3,441,000	100,000	13,200,000	3,851,000
deferred revenues	193,027,000	245,466,000	290,485,000	144,235,000	197,447,000	248,977,000	317,730,000	147,328,000	196,794,000	261,656,000	331,974,000	156,761,000	214,742,000	274,772,000	330,687,000	150,169,000	208,733,000	268,840,000	319,748,000	141,110,000	193,409,000	254,764,000	318,161,000	160,317,000	215,425,000	266,831,000	339,752,000	188,999,000	240,863,000	296,675,000	355,538,000	199,116,000	265,222,000	324,516,000	382,777,000	194,814,000	245,170,000	295,911,000	343,525,000	202,270,000	246,272,000	293,775,000	339,544,000	180,450,000	234,939,000	260,552,000	312,002,000	144,545,000	189,466,000	241,986,000	293,255,000	129,421,000	182,715,000	228,703,000	275,907,000	118,039,000	171,394,000	219,368,000	276,837,000	122,296,000	174,920,000	220,965,000	264,219,000
total current liabilities	384,932,000	436,133,000	535,784,000	435,624,000	497,373,000	570,690,000	633,814,000	375,043,000	404,024,000	470,565,000	523,759,000	320,556,000	407,537,000	470,331,000	543,830,000	320,161,000	373,354,000	430,038,000	520,860,000	301,729,000	350,973,000	407,377,000	494,845,000	298,408,000	343,154,000	393,078,000	469,962,000	330,865,000	340,074,000	420,226,000	487,896,000	289,238,000	353,754,000	414,740,000	471,192,000	269,876,000	328,588,000	379,371,000	443,732,000	279,264,000	333,751,000	397,226,000	443,611,000	287,605,000	405,259,000	389,152,000	428,816,000	254,448,000	289,546,000	365,243,000	412,258,000	260,791,000	299,756,000	355,371,000	402,243,000	221,707,000	277,361,000	327,799,000	380,511,000	207,152,000	249,258,000	305,040,000	446,985,000
long-term liabilities:
non-current deferred revenues	77,967,000	75,616,000	72,889,000	77,593,000	72,022,000	70,597,000	71,202,000	66,617,000	72,406,000	71,751,000	67,755,000	69,385,000	70,101,000	70,374,000	71,485,000	67,444,000	67,045,000	66,099,000	75,852,000	70,928,000	69,474,000	67,745,000	71,461,000	66,110,000	61,579,000	58,723,000	54,554,000	18,909,000	14,773,000	21,089,000	93,094,000	106,420,000	110,466,000	115,049,000	128,607,000	143,930,000	162,271,000	173,957,000	177,529,000	180,901,000	193,873,000	199,579,000	192,443,000	190,020,000	178,142,000	9,017,000	8,985,000	9,195,000	10,838,000	10,446,000	11,342,000	13,524,000	13,404,000	18,905,000	20,093,000	20,228,000	19,926,000	19,150,000	18,267,000	15,311,000	15,096,000	14,373,000
deferred income tax liability	309,760,000	279,013,000	240,026,000	230,757,000	234,777,000	239,435,000	243,522,000	229,106,000	227,899,000	234,254,000	244,431,000	256,260,000	265,019,000	280,285,000	292,630,000	276,439,000	272,331,000	266,846,000	260,758,000	257,203,000	252,649,000	246,391,000	243,998,000	228,685,000			217,010,000				189,613,000										7,034,000	7,034,000	7,034,000	23,805,000	20,223,000	37,592,000	37,592,000	25,972,000	30,845,000	30,845,000	30,845,000	23,596,000	23,596,000	26,256,000	26,256,000	15,274,000	15,274,000	15,274,000	15,274,000	10,449,000	10,449,000	13,284,000
debt	20,000,000
other long-term liabilities	64,327,000	63,476,000	64,439,000	71,613,000	72,033,000	72,761,000	73,579,000	69,801,000	70,260,000	52,705,000	54,371,000	48,087,000	49,630,000	51,332,000	50,996,000	54,449,000	56,050,000	57,207,000	59,311,000	66,076,000	68,285,000	69,644,000	68,274,000	67,187,000	72,223,000	75,555,000	14,290,000	14,494,000	14,486,000	14,190,000	12,872,000	12,301,000	12,067,000	7,843,000	7,554,000	7,634,000	8,478,000	9,951,000	9,440,000	9,709,000	10,348,000	9,228,000	8,922,000	10,076,000	11,519,000	10,349,000	9,683,000	6,684,000	6,322,000	5,833,000	5,586,000	5,476,000	4,333,000	7,159,000	7,002,000	11,419,000	10,547,000	10,278,000	10,000,000	9,610,000	9,569,000	8,395,000	8,070,000
total long-term liabilities	472,054,000	438,105,000	377,354,000	459,963,000	438,832,000	432,793,000	448,303,000	615,524,000	625,565,000	603,710,000	641,557,000	748,732,000	659,750,000	646,991,000	530,111,000	623,334,000	635,452,000	455,208,000	496,004,000	594,327,000	390,557,000	383,949,000	383,941,000	417,148,000	357,539,000	356,240,000	285,854,000	246,011,000	239,748,000	244,312,000	295,579,000	393,045,000	389,322,000	343,792,000	405,702,000
total liabilities	856,986,000	874,238,000	913,138,000	895,587,000	936,205,000	1,003,483,000	1,082,117,000	990,567,000	1,029,589,000	1,074,275,000	1,165,316,000	1,069,288,000	1,067,287,000	1,117,322,000	1,073,941,000	943,495,000	1,008,806,000	885,246,000	1,016,864,000	896,056,000	741,530,000	791,326,000	878,786,000	715,556,000	700,693,000	749,318,000	755,816,000	576,876,000	579,822,000	664,538,000	783,475,000	682,283,000	743,076,000	758,532,000	876,894,000	674,871,000	746,683,000	759,663,000	819,302,000	753,755,000	796,391,000	759,913,000	845,301,000	661,529,000	698,909,000	546,135,000	586,131,000	399,932,000	436,697,000	510,361,000	556,986,000	483,601,000	522,945,000	586,669,000	636,436,000	465,244,000	519,155,000	572,615,000	626,021,000	535,264,000	578,499,000	638,341,000	813,774,000
stockholders' equity
preferred stock - 1 par value; 500,000 shares authorized, none issued
common stock - 0.01 par value...	1,045,000	1,045,000	1,044,000	1,044,000	1,044,000	1,043,000	1,042,000	1,042,000	1,042,000	1,041,000	1,041,000	1,040,000	1,040,000	1,040,000	1,039,000	1,039,000	1,039,000	1,038,000	1,038,000	1,038,000	1,037,000	1,037,000	1,036,000	1,036,000	1,036,000	1,035,000	1,035,000	1,035,000	1,034,000	1,034,000	1,033,000	1,032,000	1,032,000	1,032,000	1,031,000	1,031,000	1,030,000	1,030,000	1,029,000	1,028,000	1,028,000	1,028,000	1,027,000	1,026,000	1,026,000	1,026,000	1,024,000	1,024,000	1,024,000	1,023,000	1,020,000	1,019,000	1,018,000	1,017,000	1,015,000	1,013,000	1,011,000	1,009,000
additional paid-in capital	665,004,000	654,923,000	652,218,000	643,242,000	633,211,000	623,381,000	619,805,000	610,305,000	601,790,000	591,458,000	583,836,000	573,518,000	564,856,000	560,034,000	551,360,000	543,077,000	535,493,000	527,255,000	518,960,000	510,800,000	503,205,000	497,031,000	495,005,000	487,590,000	481,005,000	475,222,000	472,029,000	465,649,000	459,988,000	454,869,000	464,138,000	458,116,000	452,841,000	448,288,000	452,016,000	446,447,000	441,733,000	437,453,000	440,123,000	434,430,000	429,855,000	425,361,000	424,536,000	420,040,000	415,982,000	412,092,000	412,512,000	408,315,000	404,360,000	400,585,000	400,710,000	396,511,000	391,552,000	387,088,000	381,919,000	376,648,000	368,967,000	363,116,000	361,131,000	358,385,000	352,037,000	337,958,000	334,817,000
retained earnings	3,557,470,000	3,474,635,000	3,372,794,000	3,287,370,000	3,218,533,000	3,160,777,000	3,081,690,000	3,020,702,000	2,973,673,000	2,919,567,000	2,855,751,000	2,795,869,000	2,752,212,000	2,707,182,000	2,636,342,000	2,591,610,000	2,542,583,000	2,480,574,000	2,412,496,000	2,369,656,000	2,332,509,000	2,293,228,000	2,235,320,000	2,206,910,000	2,166,039,000	2,124,672,000	2,066,073,000	2,035,855,000	2,007,469,000	1,967,921,000	1,856,917,000	1,800,229,000	1,756,419,000	1,624,785,000	1,585,278,000	1,544,653,000	1,508,668,000	1,471,579,000	1,431,192,000	1,369,003,000	1,337,185,000	1,297,609,000	1,266,443,000	1,226,128,000	1,195,638,000	1,237,126,000	1,202,406,000	1,170,278,000	1,142,145,000	1,105,255,000	1,072,521,000	1,042,054,000	1,007,246,000	976,642,000	944,078,000	910,715,000	884,054,000	854,623,000	827,222,000	799,715,000	775,690,000	747,791,000	724,142,000
less treasury stock at cost 32,375,100 shares at december 31, 2025; 31,579,598 shares at june 30, 2025	-2,020,461,000
total stockholders' equity	2,203,058,000	2,173,334,000	2,130,832,000	2,036,431,000	1,975,565,000	1,925,028,000	1,842,364,000	1,779,931,000	1,724,387,000	1,659,948,000	1,608,510,000	1,538,309,000	1,510,990,000	1,461,138,000	1,381,623,000	1,328,608,000	1,271,996,000	1,395,665,000	1,319,292,000	1,315,443,000	1,545,179,000	1,543,750,000	1,549,688,000	1,513,863,000	1,486,746,000	1,476,660,000	1,429,013,000	1,426,003,000	1,391,955,000	1,368,564,000	1,266,828,000	1,223,085,000	1,174,000,000	1,037,813,000	1,032,051,000	1,012,112,000	971,412,000	972,589,000	996,210,000	948,867,000	912,474,000	954,284,000	991,534,000			1,011,919,000	1,038,161,000	1,114,540,000	1,145,447,000	1,104,781,000	1,072,169,000	1,079,840,000	1,046,563,000	1,016,015,000	983,056,000	978,791,000	944,447,000	909,163,000	879,776,000	849,522,000	819,147,000	777,164,000	750,372,000
total liabilities and equity	3,060,044,000	3,047,572,000	3,043,970,000	2,932,018,000	2,911,770,000	2,928,511,000	2,924,481,000	2,770,498,000	2,753,976,000	2,734,223,000	2,773,826,000	2,607,597,000	2,578,277,000	2,578,460,000	2,455,564,000	2,272,103,000	2,280,802,000	2,280,911,000	2,336,156,000	2,211,499,000	2,286,709,000	2,335,076,000	2,428,474,000	2,229,419,000	2,187,439,000	2,225,978,000	2,184,829,000	2,002,879,000	1,971,777,000	2,033,102,000	2,050,303,000	1,905,368,000	1,917,076,000	1,796,345,000	1,908,945,000	1,686,983,000	1,718,095,000	1,732,252,000	1,815,512,000	1,702,622,000	1,708,865,000	1,714,197,000	1,836,835,000			1,558,054,000	1,624,292,000	1,514,472,000	1,582,144,000	1,615,142,000	1,629,155,000	1,563,441,000	1,569,508,000	1,602,684,000	1,619,492,000	1,444,035,000	1,463,602,000
debt, net of current maturities		20,000,000		80,000,000	60,000,000	50,000,000	60,000,000	250,000,000	255,000,000	245,000,000	275,000,000	375,000,000	275,000,000	245,000,000	115,000,000	225,002,000	240,026,000	65,056,000	100,083,000	200,120,000	149,000	169,000	208,000	55,166,000								105,000,000	100,000,000		50,000,000	50,000,000	50,000,000			100,000,000	100,000,000		50,102,000	70,200,000	923,000	1,041,000	3,729,000	3,622,000	5,689,000	6,543,000	7,366,000	95,055,000	98,927,000	101,231,000	106,166,000	112,483,000	118,107,000	124,148,000	127,939,000	224,587,000	229,889,000	235,422,000
less treasury stock at cost 31,968,990 shares at september 30, 2025; 31,579,598 shares at june 30, 2025		-1,957,269,000
current maturities of long-term debt				90,000,000	90,000,000	90,000,000	90,000,000
less treasury stock at cost 31,579,598 shares at june 30, 2025; 31,372,959 shares at june 30, 2024			-1,895,224,000
less treasury stock at cost 31,579,598 shares at march 31, 2025; 31,372,959 shares at june 30, 2024				-1,895,225,000
less treasury stock at cost 31,472,352 shares at december 31, 2024; 31,372,959 shares at june 30, 2024					-1,877,223,000
less treasury stock at cost 31,372,959 shares at september 30, 2024; 31,372,959 shares at june 30, 2024						-1,860,173,000
less treasury stock at cost 31,372,959 shares at june 30, 2024; 31,194,351 shares at june 30, 2023							-1,860,173,000
less treasury stock at cost 31,323,119 shares at march 31, 2024; 31,194,351 shares at june 30, 2023								-1,852,118,000
less treasury stock at cost 31,323,119 shares at december 31, 2023; 31,194,351 shares at june 30, 2023									-1,852,118,000
less treasury stock at cost 31,323,119 shares at september 30, 2023; 31,194,351 shares at june 30, 2023										-1,852,118,000
notes payable and current maturities of long-term debt												1,000	21,000	41,000	67,000	101,000	103,000	110,000	110,000	117,000	117,000	126,000	115,000	81,000				35,000,000
less treasury stock at cost 31,194,351 shares at june 30, 2023; 31,042,903 shares at june 30, 2022											-1,832,118,000
less treasury stock at cost 31,194,351 shares at march 31, 2023; 31,042,903 shares at june 30, 2022												-1,832,118,000
less treasury stock at cost 31,042,903 shares at december 31, 2022; 31,042,903 shares at june 30, 2022													-1,807,118,000
less treasury stock at cost 31,042,903 shares at september 30, 2022; 31,042,903 shares at june 30, 2022														-1,807,118,000
less treasury stock at cost 31,042,903 shares at june 30, 2022; 29,792,903 shares at june 30, 2021															-1,807,118,000
preferred stock -1 par value; 500,000 shares authorized, none issued
less treasury stock at cost 31,042,903 shares at march 31, 2022; 29,792,903 shares at june 30, 2021																-1,807,118,000
less treasury stock at cost 31,042,903 shares at december 31, 2021; 29,792,903 shares at june 30, 2021																	-1,807,119,000
less treasury stock at cost 29,792,903 shares at september 30, 2021; 29,792,903 shares at june 30, 2021																		-1,613,202,000
less treasury stock at cost 29,792,903 shares at june 30, 2021; 26,992,903 shares at june 30, 2020																			-1,613,202,000
less treasury stock at cost 29,492,903 shares at march 31, 2021; 26,992,903 shares at june 30, 2020																				-1,566,051,000
less treasury stock at cost 27,667,903 shares at december 31, 2020; 26,992,903 shares at june 30, 2020																					-1,291,572,000
less treasury stock at cost 27,392,903 shares at september 30, 2020; 26,992,903 shares at june 30, 2020																						-1,247,546,000
less treasury stock at cost 26,992,903 shares at june 30, 2020; 26,507,903 shares at june 30, 2019																							-1,181,673,000
less treasury stock at cost 26,992,903 shares at march 31, 2020; 26,507,903 shares at june 30, 2019																								-1,181,673,000
non-current deferred income tax liability																									223,737,000	221,962,000		212,608,000	210,489,000	209,033,000		169,324,000	166,789,000	220,900,000	219,541,000	203,431,000	197,346,000	196,384,000	188,601,000	183,881,000	158,419,000	153,880,000	150,223,000	103,628,000	103,066,000	136,576,000	134,918,000	125,983,000	124,302,000	122,296,000	120,434,000	108,755,000	106,525,000	104,003,000	100,932,000	99,407,000	93,214,000	91,240,000	89,304,000	78,604,000	74,687,000	75,111,000
less treasury stock at cost 26,857,903 shares at december 31, 2019; 26,507,903 shares at june 30, 2019																									-1,161,334,000
less treasury stock at cost 26,607,603 shares at september 30, 2019; 26,507,903 shares at june 30, 2019																										-1,124,269,000
less treasury stock at cost 26,507,903 shares at june 30, 2019; 26,107,903 shares at june 30, 2018																											-1,110,124,000
less treasury stock at cost 26,257,903 shares at march 31, 2019; 26,107,903 shares at june 30, 2018																												-1,076,536,000
less treasury stock at cost 26,257,903 shares at december 31, 2018; 26,107,903 shares at june 30, 2018																													-1,076,536,000
less treasury stock at cost 26,107,903 shares at september 30, 2018; 26,107,903 shares at june 30, 2018																														-1,055,260,000
less treasury stock at cost 26,107,903 shares at june 30, 2018; 25,660,212 shares at june 30, 2017;																															-1,055,260,000
less treasury stock at cost 25,961,920 shares at march 31, 2018; 25,660,212 shares at june 30, 2017;																																-1,036,292,000
less treasury stock at cost 25,961,920 shares at december 31, 2017; 25,660,212 shares at june 30, 2017;																																	-1,036,292,000
less treasury stock at cost 25,961,920 shares at september 30, 2017; 25,660,212 shares at june 30, 2017;																																		-1,036,292,000
less treasury stock at cost 25,660,212 shares at june 30, 2017; 24,208,517 shares at june 30, 2016																																			-1,006,274,000
notes payable and current maturities of long term debt																																							200,000	213,000	323,000	1,107,000	2,595,000	7,247,000	77,888,000	9,964,000	5,407,000	11,832,000	3,989,000	11,447,000	7,929,000	37,581,000	30,376,000	31,474,000	25,503,000	28,567,000	28,914,000	33,161,000	26,092,000	20,102,000	15,043,000	11,043,000
long term liabilities:
total long term liabilities																																				404,995,000	418,095,000	380,292,000	375,570,000	474,491,000	462,640,000	362,687,000	401,690,000	373,924,000	293,650,000	156,983,000	157,315,000	145,484,000	147,151,000	145,118,000	144,728,000	222,810,000	223,189,000	231,298,000	234,193,000	243,537,000	241,794,000	244,816,000	245,510,000	328,112,000	329,241,000	333,301,000	366,789,000
less treasury stock at cost 25,410,212 shares at march 31, 2017; 24,208,517 shares at june 30, 2016																																				-980,019,000
less treasury stock at cost 25,410,212 shares at december 31, 2016; 24,208,517 shares at june 30, 2016																																					-980,019,000
less treasury stock at cost 24,908,692 shares at september 30, 2016; 24,208,517 shares at june 30, 2016																																						-937,473,000
less treasury stock at cost 24,208,517 shares at june 30, 2016; 21,842,632 shares at june 30, 2015																																							-876,134,000
less treasury stock at cost 23,962,117 shares at march 31, 2016; 21,842,632 shares at june 30, 2015																																								-855,594,000
less treasury stock at cost 23,962,117 shares at december 31, 2015; 21,842,632 shares at june 30, 2015																																									-855,594,000
less treasury stock at cost 22,860,851 shares at september 30, 2015; 21,842,632 shares at june 30, 2015																																										-769,714,000
less treasury stock at cost 21,842,632 shares at june 30, 2015; 19,794,559 shares at june 30, 2014																																											-700,472,000
prepaid cost of product																																														28,649,000	22,202,000	24,307,000	27,367,000	29,621,000	23,366,000	23,043,000	27,350,000	29,161,000	23,294,000	19,624,000	21,500,000	21,980,000	19,261,000	20,743,000	23,240,000	25,627,000	19,432,000
non-current prepaid cost of product																																														36,370,000	34,708,000	32,760,000	32,708,000	28,427,000	27,898,000	27,394,000	23,152,000	22,660,000	21,344,000	25,062,000	22,052,000	20,670,000	19,083,000	17,396,000	16,065,000	13,439,000
less treasury stock at cost 20,843,232 shares at september 30, 2014; 19,794,559 shares at june 30, 2014																																														-638,325,000
less treasury stock at cost 19,794,559 shares at june 30, 2014; 16,753,889 shares at june 30, 2013																																															-577,781,000
less treasury stock at cost 17,853,533 shares at march 31, 2014; 16,753,889 shares at june 30, 2013																																																-465,077,000
less treasury stock at cost 16,753,889 shares at december 31, 2013 and june 30, 2013																																																	-402,082,000
less treasury stock at cost 16,753,889 shares at september 30, 2013 and june 30, 2013																																																		-402,082,000
trade names, net of amortization																																																			9,380,000	9,851,000	10,027,000	10,203,000	10,380,000	10,434,000	10,488,000	10,543,000	10,597,000
less treasury stock at cost 16,753,889 shares at june 30, 2013 15,452,064 shares at june 30, 2012																																																			-402,082,000
less treasury stock at cost 15,850,300 shares at 03/31/13, 15,452,064 shares at 06/30/12																																																				-359,744,000
less treasury stock at cost 15,700,971 shares at 12/31/12, 15,452,064 shares at 06/30/12																																																					-353,253,000
less treasury stock at cost 15,580,261 shares at 09/30/12, 15,452,064 shares at 06/30/12																																																						-348,732,000
investments, at amortized cost																																																									1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
less treasury stock at cost 15,452,064 shares at 06/30/12, 14,406,635 shares at 06/30/11																																																							-343,956,000
less treasury stock at cost 14,406,635 shares at 3/31/12 and 06/30/11																																																								-309,585,000
less treasury stock at cost 14,406,635 shares at 12/31/11 and 06/30/11																																																									-309,585,000
less treasury stock at cost 14,406,635 shares at 09/30/11 and 06/30/11																																																										-309,585,000
total liabilities and stockholders' equity																																																										1,481,778,000	1,505,797,000	1,384,786,000	1,397,646,000	1,415,505,000	1,564,146,000
shares issued at 06/30/11 were 100,766,173
shares issued at 06/30/10 were 99,808,367																																																											1,008,000	1,007,000	1,005,000	1,000,000
less treasury stock at cost
14,406,635 shares at 06/30/11 and at 06/30/10																																																											-309,585,000
see notes to consolidated financial statements.
trade names																																																												10,652,000	10,707,000	10,761,000	10,815,000
shares issued at 03/31/11 were 100,715,963
14,406,635 shares at 03/31/11 and 06/30/10																																																												-309,585,000
see notes to condensed consolidated financial statements
shares issued at 12/31/10 were 100,497,182
14,406,635 shares at 12/31/10 and 06/30/10																																																													-309,585,000
shares issued at 09/30/10 were 99,967,554
14,406,635 shares at 09/30/10 and 06/30/10																																																														-309,585,000
deferred income taxes																																																															13,265,000
liabilites and stockholders' equity
note payable and current maturities of long term debt																																																															105,963,000
long-term debt																																																															272,732,000
common stock - 0.01 par value: 250,000,000 shares authorized;
shares issued at 06/30/09 were 98,020,796																																																															998,000
14,406,635 shares at 06/30/10 and at 06/30/09																																																															-309,585,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30

cash flows from operating activities:
net income	124,669,000	143,986,000	127,604,000	111,108,000	97,845,000	119,191,000	101,073,000	87,099,000	91,965,000	101,679,000	97,773,000	81,549,000	80,775,000	106,549,000	80,426,000	84,707,000	95,669,000	102,114,000	76,862,000	71,409,000	71,982,000	91,216,000	61,345,000	73,855,000	72,098,000	89,370,000	60,993,000	59,252,000	68,089,000	83,551,000	85,280,000	72,395,000	155,574,000	63,411,000	64,691,000	60,044,000	58,814,000	62,244,000	84,270,000	53,883,000	59,348,000	51,366,000	60,542,000	50,710,000	47,207,000	52,762,000	50,609,000	46,757,000	53,982,000	49,788,000	47,669,000	45,995,000	40,506,000	42,475,000	43,327,000	36,658,000	38,524,000	36,475,000	36,574,000	33,081,000	36,045,000	31,771,000
adjustments to reconcile net income from operations to net cash from operating activities:
depreciation	10,309,000	10,434,000	10,575,000	10,394,000	11,458,000	11,273,000	11,399,000	11,178,000	11,713,000	12,052,000	11,980,000	11,974,000	12,350,000	12,416,000	12,450,000	12,496,000	12,686,000	13,157,000	12,699,000	13,164,000	13,261,000	13,391,000	13,394,000	13,448,000	12,656,000	12,708,000	12,656,000	12,252,000	11,567,000	10,903,000	11,505,000	11,868,000	12,183,000	12,419,000	12,123,000	12,662,000	12,502,000	12,390,000	12,465,000	12,133,000	12,980,000	12,993,000	13,132,000	13,552,000	13,840,000	13,631,000	13,354,000	13,428,000	13,190,000	12,963,000	13,457,000	14,090,000	12,332,000	12,088,000	12,007,000	11,239,000	11,007,000	11,069,000	10,505,000	10,525,000	10,657,000	10,225,000
amortization	42,846,000	41,458,000	40,915,000	40,619,000	40,296,000	39,221,000	39,292,000	38,904,000	38,183,000	37,183,000	36,397,000	36,663,000	35,752,000	33,194,000	32,272,000	31,953,000	31,594,000	31,016,000	31,044,000	31,025,000	30,812,000	30,352,000	30,439,000	30,287,000	29,493,000	29,380,000	28,650,000	28,459,000	28,319,000	27,827,000	28,224,000	27,076,000	24,855,000	23,856,000	23,227,000	22,314,000	22,822,000	21,746,000	22,064,000	20,001,000	18,801,000	18,211,000	16,778,000	16,118,000	16,128,000	15,817,000	14,900,000	13,967,000	13,076,000	12,893,000	12,254,000	12,083,000	11,907,000	12,130,000	12,147,000	11,813,000	12,712,000	12,625,000	12,392,000	12,050,000	12,214,000	11,946,000
change in deferred income taxes	30,747,000	38,987,000	9,269,000	-4,020,000	-4,658,000	-4,087,000	14,416,000	1,207,000	-6,354,000	-10,178,000	-11,829,000	-8,759,000	-15,266,000	-12,345,000	16,191,000	4,108,000	5,485,000	6,088,000	3,555,000	4,554,000	6,258,000	2,393,000	15,499,000	4,948,000	1,775,000	2,359,000	4,317,000	2,031,000	526,000	730,000	18,460,000	2,617,000	-74,080,000	1,359,000	16,110,000	6,085,000	962,000	7,783,000	12,829,000	18,428,000	4,539,000	1,728,000	29,825,000	4,145,000	-6,185,000	1,658,000	20,976,000	-2,812,000	2,006,000	1,862,000	18,929,000	2,229,000	-138,000	3,071,000	12,507,000	6,193,000	1,974,000	1,936,000	15,525,000	3,919,000	560,000	522,000
expense for stock-based compensation	8,439,000	6,317,000	5,980,000	6,873,000	8,834,000	6,705,000	6,469,000	6,924,000	8,332,000	7,148,000	7,152,000	6,915,000	7,546,000	6,998,000	5,477,000	6,276,000	6,956,000	6,071,000	5,787,000	5,207,000	5,127,000	4,625,000	5,195,000	4,690,000	4,145,000	2,853,000	3,938,000	3,505,000	3,375,000	1,771,000	3,924,000	3,225,000	3,096,000	1,513,000	3,767,000	3,132,000	3,033,000	1,197,000	2,507,000	3,101,000	3,142,000	1,970,000	2,770,000	2,759,000	2,515,000	2,068,000	2,788,000	2,762,000	2,619,000	1,922,000	2,494,000	2,012,000	2,375,000	1,734,000	2,064,000	1,872,000	1,770,000	1,244,000	1,285,000	1,232,000	1,273,000	933,000
gain on disposal of assets	-1,533,000	-3,807,000
changes in operating assets and liabilities:
change in receivables	9,189,000	12,196,000	-35,815,000	1,060,000	23,438,000	26,373,000	-69,616,000	7,133,000	18,183,000	72,519,000	-122,753,000	8,014,000	1,163,000	101,509,000	-125,376,000	13,400,000	17,064,000	53,404,000	-98,828,000	5,198,000	10,079,000	77,439,000	-88,885,000	-7,357,000	29,659,000	77,123,000	-119,312,000	-6,028,000	14,855,000	98,708,000	-122,684,000	-2,107,000	10,329,000	105,243,000	-136,919,000	6,753,000	2,172,000	105,495,000	-121,907,000	9,685,000	561,000	97,926,000	-107,972,000	10,475,000	11,220,000	64,931,000	-84,031,000	-3,165,000	16,205,000	78,489,000	-104,474,000	2,542,000	7,715,000	81,478,000	-99,934,000	8,229,000	8,048,000	72,862,000	-91,981,000	11,298,000	6,672,000	74,951,000
change in prepaid expenses, deferred costs and other	-21,720,000	-34,336,000	-7,944,000	-8,605,000	-15,596,000	-18,788,000	-55,038,000	-7,551,000	-35,613,000	-17,356,000	-43,431,000	-29,843,000	-4,302,000	-34,740,000	-31,310,000	-11,264,000	-19,646,000	-20,345,000	-22,173,000	-8,777,000	4,413,000	-30,522,000	2,637,000	-6,485,000	-8,425,000	-13,486,000	-6,526,000	-9,871,000	-16,842,000	-28,926,000	-11,122,000	-227,000	-3,460,000	-13,645,000	-2,935,000	88,000	72,000	-22,313,000	-6,999,000	5,335,000	-7,746,000	-20,167,000	528,000	-2,831,000
change in accounts payable	-1,703,000	-6,637,000	12,187,000	-3,958,000	3,533,000	-9,116,000	9,235,000	-4,077,000	1,511,000	-1,234,000	-623,000	2,042,000	-5,528,000	-2,168,000	4,037,000	-386,000	136,000	2,859,000	1,435,000	-1,545,000	2,260,000	-2,244,000	2,082,000	-1,867,000	-2,127,000	1,865,000	2,728,000	4,431,000	-4,753,000	-9,932,000	11,504,000	-5,803,000	3,371,000	2,000,000	1,576,000	-10,609,000	8,725,000	-7,504,000	7,536,000	1,407,000	-2,463,000	-1,817,000	3,294,000	-1,250,000	-427,000	-2,200,000	3,418,000	-3,700,000	-3,183,000	2,213,000	404,000	-276,000	1,089,000	-5,799,000	6,081,000	2,709,000	-2,789,000	-2,513,000	4,075,000	729,000	-608,000	-4,867,000
change in accrued expenses	1,704,000	-36,567,000	20,321,000	-3,986,000	3,617,000	-23,067,000	17,027,000	4,802,000	32,748,000	-17,285,000	27,866,000	-775,000	-2,279,000	-45,265,000	34,590,000	2,414,000	1,417,000	-37,231,000	26,209,000	3,463,000	5,269,000	-27,896,000	41,166,000	7,256,000	6,568,000	-35,270,000	24,774,000	2,457,000	8,936,000	-4,278,000	16,062,000	8,415,000	-5,505,000	-9,881,000	11,649,000	2,236,000	-1,977,000	-16,362,000	15,574,000	-1,427,000	4,766,000	-11,453,000	13,817,000	-597,000	5,943,000	-4,680,000	4,655,000	5,181,000	38,000	-16,238,000	12,521,000	2,709,000	4,340,000	-11,796,000	9,490,000	2,684,000	2,043,000	-6,447,000	7,152,000	1,141,000	2,279,000	-8,979,000
change in income taxes	-195,000	-9,150,000	508,000	6,002,000	-29,038,000	38,576,000	-21,013,000	7,146,000	-15,252,000	39,044,000	-4,304,000	-32,769,000	5,088,000	41,937,000	-10,181,000	18,446,000	-1,473,000	9,912,000	-24,556,000	-293,000	-9,073,000	22,995,000	-13,628,000	-9,956,000	-5,220,000	25,081,000	-835,000	-7,640,000	-5,847,000	18,501,000	-7,698,000	10,489,000	-23,824,000	26,141,000	-11,672,000	221,000	-14,680,000	19,687,000	-6,697,000	-5,723,000	-19,873,000	15,669,000	-2,729,000	4,997,000	-12,451,000	24,329,000	-7,421,000	4,164,000	-10,076,000	18,584,000	-6,909,000	4,773,000	-14,752,000	17,842,000	-5,669,000	-5,421,000	-888,000	17,770,000	-13,714,000	5,394,000	-12,970,000	10,357,000
change in deferred revenues	-50,088,000	-42,291,000	141,545,000	-47,641,000	-50,105,000	-69,358,000	174,987,000	-55,255,000	-64,207,000	-66,322,000	173,583,000	-58,697,000	-60,303,000	-65,130,000	184,559,000	-58,165,000	-59,160,000	-60,662,000	183,562,000	-50,887,000	-59,021,000	-67,113,000	163,195,000	-50,577,000	-48,550,000	-68,939,000	186,398,000	-47,728,000	-62,863,000	-52,151,000	143,096,000	-70,152,000	-64,132,000	-72,074,000	173,509,000	-68,697,000	-62,426,000	-51,186,000	154,249,000	-56,974,000	-53,209,000	-39,702,000	161,506,000	-42,609,000	-26,914,000	-51,418,000	166,403,000	-47,038,000	-52,128,000	-52,165,000	161,652,000	-53,174,000	-51,489,000	-48,392,000	157,733,000	-53,053,000	-47,198,000	-56,586,000	157,497,000	-52,409,000	-45,322,000	-40,279,000
net cash from operating activities	152,664,000	120,590,000	327,112,000	107,849,000	89,647,000	116,896,000	231,799,000	97,570,000	81,533,000	157,139,000	174,528,000	16,320,000	53,880,000	136,831,000	203,234,000	104,046,000	90,802,000	106,549,000	195,814,000	72,331,000	79,507,000	114,477,000	234,079,000	61,440,000	91,961,000	123,052,000	197,759,000	41,325,000	45,310,000	146,734,000	177,270,000	57,964,000	38,186,000	138,722,000	158,455,000	35,000,000	30,496,000	133,371,000	158,083,000	60,054,000	20,283,000	126,696,000	191,303,000	55,589,000	33,750,000	93,148,000	180,223,000	30,120,000	33,626,000	97,690,000	156,749,000	33,257,000	17,319,000	101,849,000	146,533,000	21,756,000	17,798,000	78,463,000	124,974,000	29,329,000	10,466,000	75,363,000
cash flows from investing activities:
payment for acquisitions	0	-42,390,000
capital expenditures	-21,216,000	-8,880,000	-12,172,000	-11,717,000	-16,668,000	-12,801,000	-23,771,000	-9,889,000	-16,846,000	-7,612,000	-11,942,000	-9,861,000	-9,639,000	-7,737,000	-6,273,000	-6,013,000	-13,100,000	-9,273,000	-8,072,000	-5,373,000	-5,065,000	-4,478,000	-13,975,000	-8,805,000	-17,657,000	-13,101,000	-11,181,000	-9,449,000	-8,967,000	-24,001,000	-22,277,000	-5,609,000	-8,541,000	-3,708,000	-13,797,000	-10,745,000	-9,292,000	-8,113,000	-13,025,000	-11,794,000	-18,598,000	-12,908,000	-18,542,000	-8,478,000	-5,904,000	-21,485,000	-5,489,000	-5,830,000	-14,515,000	-7,351,000	-17,843,000	-9,456,000	-12,163,000	-6,794,000	-14,886,000	-7,642,000	-8,261,000	-10,652,000	-7,869,000	-8,764,000	-5,429,000	-10,023,000
free cash flows	131,448,000	111,710,000	314,940,000	96,132,000	72,979,000	104,095,000	208,028,000	87,681,000	64,687,000	149,527,000	162,586,000	6,459,000	44,241,000	129,094,000	196,961,000	98,033,000	77,702,000	97,276,000	187,742,000	66,958,000	74,442,000	109,999,000	220,104,000	52,635,000	74,304,000	109,951,000	186,578,000	31,876,000	36,343,000	122,733,000	154,993,000	52,355,000	29,645,000	135,014,000	144,658,000	24,255,000	21,204,000	125,258,000	145,058,000	48,260,000	1,685,000	113,788,000	172,761,000	47,111,000	27,846,000	71,663,000	174,734,000	24,290,000	19,111,000	90,339,000	138,906,000	23,801,000	5,156,000	95,055,000	131,647,000	14,114,000	9,537,000	67,811,000	117,105,000	20,565,000	5,037,000	65,340,000
proceeds from sale of assets	17,093,000	7,479,000																																						50,000	2,709,000	38,000	51,000	24,000	8,184,000	58,000	2,389,000	2,583,000	107,000	2,702,000	20,000	245,000	134,000	131,000	0	131,000
purchased software	-1,399,000	-1,509,000	-1,530,000	-305,000	-852,000	-2,676,000	-2,569,000	-1,590,000	-691,000	-2,280,000	-214,000	-444,000	-619,000	-408,000	-765,000	-362,000	-6,143,000	-1,221,000	-686,000	-1,566,000	-2,880,000	-1,374,000	-577,000	-582,000	-3,127,000	-2,424,000
computer software developed	-44,281,000	-48,203,000	-42,147,000	-44,495,000	-43,544,000	-42,259,000	-41,824,000	-41,943,000	-41,922,000	-41,486,000	-42,010,000	-43,064,000	-42,331,000	-38,715,000	-39,289,000	-37,597,000	-35,382,000	-35,971,000	-32,352,000	-33,187,000	-31,353,000	-31,451,000	-29,978,000	-29,398,000	-29,411,000	-28,475,000	-29,676,000	-27,352,000	-27,417,000	-26,669,000	-24,461,000	-25,250,000	-23,960,000	-22,976,000	-25,827,000	-22,131,000	-21,436,000	-20,237,000	-21,749,000	-26,759,000	-24,888,000	-23,015,000	-20,407,000	-19,645,000	-18,821,000	-17,999,000	-17,683,000	-15,496,000	-14,939,000	-14,076,000	-13,390,000	-14,116,000	-12,180,000	-11,646,000	-12,018,000	-10,160,000	-8,178,000	-7,517,000	-7,675,000	-7,146,000	-5,974,000	-6,159,000
proceeds from investments	0	1,000,000	0	0	0	1,000,000																																																	0	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
purchase of investments	-7,500,000	-6,000,000	0	0							0								0	-1,200,000			0	0	0	-1,150,000					0																								0	0	-1,001,000	-999,000	-1,000,000	-999,000	-1,001,000	-999,000
net cash from investing activities	-57,303,000	-98,503,000	-55,846,000	-56,517,000	-61,064,000	-58,736,000	-75,660,000	-53,546,000	-60,433,000	-50,526,000	-54,112,000	-54,369,000	-51,598,000	-249,594,000	-51,320,000	-43,972,000	-54,601,000	-46,451,000	-36,110,000	-43,596,000	-51,356,000	-31,188,000	-44,506,000	-28,005,000	-49,970,000	-75,425,000	-42,608,000	-38,374,000	-57,390,000	-52,263,000	-52,771,000	-36,746,000	-162,024,000	-40,285,000	-38,087,000	-33,796,000	-37,802,000	-31,901,000	-2,366,000	-40,477,000	-44,558,000	-48,562,000	-42,652,000	-30,933,000	-20,518,000	-42,881,000	-25,706,000	-51,022,000	-33,144,000	-21,908,000	-31,213,000	-23,327,000	-24,209,000	-18,495,000	-26,904,000	-16,721,000	-13,799,000	-18,838,000	-15,544,000	-15,909,000	-11,404,000	-16,181,000
cash flows from financing activities:
borrowings on credit facilities	105,000,000	20,000,000	95,000,000	90,000,000	90,000,000	75,000,000	140,000,000	115,000,000	85,000,000	135,000,000	260,000,000	185,000,000	85,000,000	280,000,000	40,000,000	72,000,000			0				0				0				0	25,000,000			0	30,000,000			0	0			20,000,000	0															0	0	-36,000	435,000
repayments on credit facilities				-70,000,000	-80,000,000	-85,000,000																									-105,000,000	-20,000,000	0	-50,000,000	0	-30,000,000	0	-200,000	-100,016,000	-110,000	-784,000	-51,590,000	-44,750,000	-1,364,000	-4,499,000	-170,000	-31,602,000	-1,926,000	-10,832,000	-2,798,000	-121,856,000	-5,988,000	-11,610,000	-5,726,000	-10,965,000	-6,268,000	-11,707,000	-6,340,000	-92,933,000	-1,628,000	-3,004,000	-132,289,000
purchase of treasury stock	-63,192,000	-62,045,000	1,000	-18,002,000			-8,055,000	0	0	-20,000,000	0				0	1,000			-47,151,000	-274,479,000	-44,026,000	-65,873,000	0	-20,339,000	-37,065,000	-14,145,000	-33,588,000	0			-18,968,000	0	0	-30,018,000	-26,255,000	0	-42,547,000	-61,338,000	-20,540,000	0	-85,880,000	-69,242,000	-9,888,000	0	-52,259,000	-60,544,000	-112,704,000				-42,338,000	-6,491,000	-4,521,000	-4,776,000
dividends paid	-41,834,000	-42,145,000	-42,180,000	-42,271,000	-40,089,000	-40,104,000	-40,085,000	-40,070,000	-37,859,000	-37,863,000	-37,891,000	-37,892,000	-35,745,000	-35,709,000	-35,694,000	-35,680,000	-33,660,000	-34,036,000	-34,022,000	-34,262,000	-32,701,000	-32,815,000	-32,935,000	-32,984,000	-30,731,000	-30,771,000	-30,775,000	-30,866,000			-28,592,000	-28,585,000	-23,940,000	-23,904,000	-24,066,000	-24,059,000	-21,725,000	-21,857,000	-22,081,000	-22,065,000	-19,772,000	-20,200,000	-20,227,000	-20,222,000	-17,919,000	-18,042,000	-18,481,000	-18,624,000	-17,092,000	-17,054,000	-17,202,000	-11,187,000	-9,902,000	-9,911,000	-9,964,000	-9,997,000	-9,093,000	-9,074,000	-9,067,000	-9,058,000	-8,145,000	-8,121,000
proceeds from stock issued for equity-based payment arrangements	0	1,000
tax withholding payments related to share-based compensation	-281,000	-6,706,000		-319,000	-1,173,000	-6,169,000		-1,782,000	-617,000	-2,944,000		-1,575,000	-5,175,000	-1,556,000		-1,711,000	-1,045,000	-953,000
proceeds from sale of common stock	1,923,000	3,094,000	3,061,000	3,477,000	2,169,000	3,040,000	3,066,000	3,373,000	2,618,000	3,418,000	3,365,000	3,322,000	2,451,000	3,233,000	3,249,000	3,019,000	2,328,000	3,177,000	2,912,000	2,881,000	2,231,000	2,907,000	2,632,000	2,598,000	2,191,000	2,412,000	2,381,000	2,470,000	1,972,000	2,217,000	2,153,000	2,010,000	1,568,000	1,792,000	1,839,000	1,632,000	1,304,000	1,470,000	1,594,000	1,496,000	1,226,000	1,395,000	1,357,000	1,363,000	1,007,000	1,154,000	1,203,000	1,107,000	904,000	1,070,000	1,022,000	1,006,000	723,000	949,000	906,000	864,000	722,000	830,000	739,000	654,000	498,000	566,000
net cash from financing activities	-103,384,000	-87,801,000	-209,183,000	-37,115,000	-46,142,000	-53,232,000	-145,109,000	-43,479,000	-25,858,000	-87,389,000	-134,725,000	38,838,000	-8,489,000	95,946,000	-142,924,000	-49,397,000	-51,332,000	-66,839,000	-178,828,000	-106,381,000	-75,709,000	-101,314,000	-85,742,000	3,566,000	-66,157,000	-44,576,000	-96,921,000	6,291,000	-76,636,000	-11,039,000	-150,461,000	-21,535,000	77,517,000	-109,162,000	-48,519,000	-22,476,000	-13,025,000	-87,261,000	-139,408,000	-20,702,000	-5,084,000	-141,962,000	-53,138,000	-21,188,000	-3,302,000	-81,242,000	-136,384,000	-82,355,000	-26,768,000	-21,900,000	-179,682,000	-20,733,000	-23,944,000	-16,979,000	-52,087,000	-10,466,000	-16,852,000	-14,695,000	-100,688,000	-5,908,000	1,043,000	-137,934,000
net change in cash and cash equivalents	-8,023,000	-65,714,000	62,083,000	14,217,000	-17,559,000	4,928,000	11,030,000	545,000	-4,758,000	19,224,000	-14,309,000	789,000	-6,207,000	-16,817,000	8,990,000	10,677,000	-15,131,000	-6,741,000	-19,124,000	-77,646,000	-47,558,000	-18,025,000	103,831,000	37,001,000	-24,166,000	3,051,000	58,230,000	9,242,000	-88,716,000	83,432,000	-25,962,000	-317,000	-46,321,000	-10,725,000	71,849,000	-21,272,000	-20,331,000	14,209,000	16,309,000	-1,125,000	-29,359,000	-63,828,000	95,513,000	3,468,000	9,930,000	-30,975,000	18,133,000	-103,257,000	-26,286,000	53,882,000	-54,146,000	-10,803,000	-30,834,000	66,375,000	67,542,000	-5,431,000	-12,853,000	44,930,000	8,742,000	7,512,000	105,000	-78,752,000
cash and cash equivalents, beginning of period	0	101,953,000	0	0	0	38,284,000	0	0	0	12,243,000	0	0	0	48,787,000	0	0	0	50,992,000	0	0	0	213,345,000	0	0	0	93,628,000	0	0	0	31,440,000	0	0	0	114,765,000	0	0	0	70,310,000	0	0	0	148,313,000	0	0	0	70,377,000	0	0	0	127,905,000	0	0	0	157,313,000	0	0	0	63,125,000		0	0	125,518,000
cash and cash equivalents, end of period	-8,023,000	36,239,000	62,083,000	14,217,000	-17,559,000	43,212,000	11,030,000	545,000	-4,758,000	31,467,000	-14,309,000	789,000	-6,207,000	31,970,000	8,990,000	10,677,000	-15,131,000	44,251,000	-19,124,000	-77,646,000	-47,558,000	195,320,000	103,831,000	37,001,000	-24,166,000	96,679,000	58,230,000	9,242,000	-88,716,000	114,872,000	-25,962,000	-317,000	-46,321,000	104,040,000	71,849,000	-21,272,000	-20,331,000	84,519,000	16,309,000	-1,125,000	-29,359,000	84,485,000	95,513,000	3,468,000	9,930,000	39,402,000	18,133,000	-103,257,000	-26,286,000	181,787,000	-54,146,000	-10,803,000	-30,834,000	223,688,000	67,542,000	-5,431,000	-12,853,000	108,055,000		7,512,000	105,000	46,766,000
loss on disposal of assets and businesses																										8,000	-22,000	205,000	-52,000	30,000	719,000	168,000	-221,000	-1,620,000	3,329,000	771,000	477,000	194,000
payment for acquisitions, net of cash acquired											0	0	-642,000	-228,986,000					0				0	0	-91,000	-30,285,000	0	0			92,000	0	-127,199,000	-10,455,000					0	0	0	-8,275,000					0
proceeds from the sale of assets																							24,000	10,780,000	316,000	10,000	32,000	19,000	43,000	33,000	48,000	53,000	99,000	106,000	19,000	119,000	53,000	777,000
repayments on credit facilities and financing leases							-240,000,000	-120,000,000	-75,000,000	-165,000,000	-360,001,000				-150,036,000	-87,026,000	-45,038,000	-35,027,000					-55,027,000
proceeds from issuance of common stock upon exercise of stock options			0	0	1,000	1,000													0								236,000	0	0	1,000	0	175,000	0	1,000	0	0	0	1,000	696,000	0	0	1,000	186,000	54,000	241,000	161,000	201,000	187,000	110,000	111,000	591,000	1,888,000	1,354,000	2,942,000	2,194,000	5,049,000	3,235,000	526,000
tax withholding payments related to share based compensation																					-1,184,000	-5,505,000	-412,000	-703,000	-552,000	-2,072,000	-175,000	-313,000	-228,000	-13,257,000		-135,000	-111,000	-7,033,000		-49,000	-57,000	-5,337,000
loss on disposal of assets				3,000	23,000	-27,000		60,000	324,000	-111,000		6,000	-1,116,000	-6,124,000		61,000	74,000	166,000		-187,000	-1,860,000	-159,000		3,198,000																242,000	-376,000	86,000	-1,000	270,000	-5,259,000	-56,000	-529,000	-203,000	-22,000	-30,000	1,602,000	1,603,000	71,000	632,000	1,119,000	261,000	-193,000	11,000	576,000	273,000	147,000	29,000
proceeds from dispositions								22,000	26,000	852,000		0	1,633,000	26,252,000		0	24,000	14,000		30,000
purchase of investment						-2,000,000		-146,000
repayments on financing leases													-55,020,000	-150,022,000						-29,000	-29,000	-28,000
customer contracts acquired																											0																								0	0	0	-186,000	0	-50,000	0	-670,000
proceeds from completed and pending dispositions																						6,115,000
proceeds from the sale of businesses																															0	0	150,000	200,000	3,346,000
internal use software																												-1,572,000	-1,068,000	-1,626,000	-6,173,000	-940,000	-2,573,000	-3,452,000	-1,828,000	-3,325,000	-7,127,000	-4,328,000	-1,669,000	-1,974,000	-3,781,000	-4,402,000	-3,754,000	-2,834,000	-3,977,000	-3,455,000	-4,923,000	-4,385,000	-3,797,000	-3,183,000
minimum tax withholding payments related to share based compensation																																							-29,000	-60,000	-61,000	-2,440,000	-3,000	-268,000	-78,000	-7,602,000	-87,000	-272,000	-63,000	-6,176,000	-181,000	-946,000	-599,000	-2,200,000	-346,000	-2,140,000	-700,000	-926,000
other
debt acquisition costs																																											0
excess tax benefits from stock-based compensation																																							-968,000	-37,000	-187,000	-114,000	-187,000	-150,000	-205,000	-3,801,000	-6,726,000	168,000	205,000	2,947,000	282,000	985,000	611,000	1,743,000	459,000	2,026,000	691,000	289,000	74,000	393,000	472,000	117,000
change in prepaid expenses, prepaid cost of product and other																																														-19,893,000	-1,493,000	779,000	-2,081,000	-12,591,000	-2,850,000	-1,329,000	3,363,000	-3,614,000	-4,339,000	-1,428,000	-7,212,000	-9,983,000	-14,912,000	2,096,000	-481,000	-11,246,000
supplemental cash flow information:
net cash paid for income taxes																																																23,090,000	37,218,000	4,015,000
interest paid																																																285,000	2,000	299,000
property and equipment in accrued liabilities or acquired via capital lease																																																8,886,000	1,861,000	5,337,000
adjustments to reconcile net income to net cash from operating activities:
adjustments to reconcile net income from operations to cash from operating activities:
changes in operating assets and liabilities, net of effect of acquisitions:
adjustments to reconcile net income from operations
to cash from operating activities:
proceeds from issuance of common stock upon
exercise of stock options
minimum tax withholding payments related to option exercises
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
see notes to consolidated financial statements.
proceeds from issuance of common stock upon exercise of
stock options																																																												4,514,000	12,220,000	2,025,000
minimum tax withholding payments related to option
exercises																																																												-783,000	-962,000	-667,000
see notes to condensed consolidated financial statements
deferred income taxes
loss on assets (including 6/30/08
loss on discontinued operations)
changes in operating assets and liabilities, net of acquisitions:
receivables
prepaid expenses, prepaid cost of product, and other
accounts payable
accrued expenses
income taxes
deferred revenues
net increase in cash and cash equivalents

Jack Henry & Associates, Inc(NASDAQ:JKHY)

Jack Henry & Associates, Inc
(NASDAQ:JKHY)