2024 Q3 Form 10-K Financial Statement

#000077915224000079 Filed on August 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $601.0M $559.9M $2.216B
YoY Change 5.18% 4.73% 6.63%
Cost Of Revenue $343.4M $327.3M $1.299B
YoY Change 6.33% 5.96% 6.6%
Gross Profit $257.6M $232.6M $916.1M
YoY Change 3.7% 3.04% 6.69%
Gross Profit Margin 42.85% 41.55% 41.35%
Selling, General & Admin $66.59M $67.12M $278.4M
YoY Change -15.47% 6.43% 18.34%
% of Gross Profit 25.85% 28.85% 30.39%
Research & Development $39.69M $39.89M $148.3M
YoY Change 7.57% 3.62% 3.91%
% of Gross Profit 15.41% 17.15% 16.18%
Depreciation & Amortization $11.27M $50.69M $46.34M
YoY Change -6.46% 4.78% -4.88%
% of Gross Profit 4.38% 21.79% 5.06%
Operating Expenses $106.3M $107.0M $426.7M
YoY Change -8.12% 5.36% 12.89%
Operating Profit $151.3M $125.6M $489.4M
YoY Change 14.0% 1.15% 1.81%
Interest Expense $5.522M $4.758M $8.628M
YoY Change 31.57% -2018.55% -42.76%
% of Operating Profit 3.65% 3.79% 1.76%
Other Income/Expense, Net
YoY Change
Pretax Income $156.8M $130.4M $498.0M
YoY Change 17.67% 5.19% 4.94%
Income Tax $37.61M $29.31M $116.2M
% Of Pretax Income 23.98% 22.48% 23.33%
Net Earnings $119.2M $101.1M $381.8M
YoY Change 17.22% 3.38% 4.14%
Net Earnings / Revenue 19.83% 18.05% 17.23%
Basic Earnings Per Share $1.63 $5.24
Diluted Earnings Per Share $1.63 $1.38 $5.23
COMMON SHARES
Basic Shares Outstanding 72.91M shares 72.90M shares 72.87M shares
Diluted Shares Outstanding 73.08M shares 73.03M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.21M $38.28M $38.28M
YoY Change 37.18% 212.7% 212.7%
Cash & Equivalents $43.21M $38.28M $38.28M
Short-Term Investments
Other Short-Term Assets $250.7M $220.9M $220.9M
YoY Change 16.45% 0.32% 0.32%
Inventory
Prepaid Expenses
Receivables $306.7M $333.0M $366.6M
Other Receivables $0.00 $6.149M $6.149M
Total Short-Term Assets $634.5M $632.0M $632.0M
YoY Change 12.6% 0.65% 0.65%
LONG-TERM ASSETS
Property, Plant & Equipment $212.3M $215.1M $269.1M
YoY Change 4.64% 4.57% 7.91%
Goodwill $804.8M $804.8M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $25.75M $25.75M $25.75M
YoY Change
Other Assets $413.8M $417.6M $417.9M
YoY Change 23.57% 29.42% 16.43%
Total Long-Term Assets $2.082B $2.077B $2.292B
YoY Change 5.79% 7.07% 6.83%
TOTAL ASSETS
Total Short-Term Assets $634.5M $632.0M $632.0M
Total Long-Term Assets $2.082B $2.077B $2.292B
Total Assets $2.929B $2.924B $2.924B
YoY Change 7.11% 5.43% 5.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.49M $25.31M $25.31M
YoY Change 1.02% 32.15% 32.15%
Accrued Expenses $180.2M $200.8M $200.8M
YoY Change 14.09% 16.3% 16.3%
Deferred Revenue $249.0M $317.7M
YoY Change -4.85% -4.29%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $90.00M $90.00M $90.00M
YoY Change
Total Short-Term Liabilities $570.7M $633.8M $633.8M
YoY Change 21.28% 21.01% 21.01%
LONG-TERM LIABILITIES
Long-Term Debt $50.00M $60.00M $60.00M
YoY Change -79.59% -78.18% -78.18%
Other Long-Term Liabilities $72.76M $73.58M $144.8M
YoY Change 38.05% 35.33% 18.55%
Total Long-Term Liabilities $432.8M $448.3M $204.8M
YoY Change -28.31% -30.12% -48.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $570.7M $633.8M $633.8M
Total Long-Term Liabilities $432.8M $448.3M $204.8M
Total Liabilities $1.003B $1.082B $1.082B
YoY Change -6.59% -7.14% -7.14%
SHAREHOLDERS EQUITY
Retained Earnings $3.161B $3.082B
YoY Change 8.26% 7.91%
Common Stock $1.043M $1.042M
YoY Change 0.19% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.860B $1.860B
YoY Change 0.43% 1.53%
Treasury Stock Shares
Shareholders Equity $1.925B $1.842B $1.842B
YoY Change
Total Liabilities & Shareholders Equity $2.929B $2.924B $2.924B
YoY Change 7.11% 5.43% 5.43%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $119.2M $101.1M $381.8M
YoY Change 17.22% 3.38% 4.14%
Depreciation, Depletion And Amortization $11.27M $50.69M $46.34M
YoY Change -6.46% 4.78% -4.88%
Cash From Operating Activities $116.9M $231.8M $568.0M
YoY Change -25.61% 32.81% 48.87%
INVESTING ACTIVITIES
Capital Expenditures $12.80M $68.16M $58.12M
YoY Change 68.17% 25.84% 48.34%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$1.000M -$7.496M -$7.742M
YoY Change -211.11% -13981.48% -96.18%
Cash From Investing Activities -$58.74M -$75.66M -$240.2M
YoY Change 16.25% 39.82% -41.38%
FINANCING ACTIVITIES
Cash Dividend Paid $40.10M $155.9M
YoY Change 5.92% 5.87%
Common Stock Issuance & Retirement, Net $15.58M
YoY Change 23.37%
Debt Paid & Issued, Net $600.0M
YoY Change -7.7%
Cash From Financing Activities -$53.23M -145.1M -$301.8M
YoY Change -39.09% 7.71% 3480.49%
NET CHANGE
Cash From Operating Activities $116.9M 231.8M $568.0M
Cash From Investing Activities -$58.74M -75.66M -$240.2M
Cash From Financing Activities -$53.23M -145.1M -$301.8M
Net Change In Cash $4.928M 11.03M $26.04M
YoY Change -74.37% -177.08% -171.26%
FREE CASH FLOW
Cash From Operating Activities $116.9M $231.8M $568.0M
Capital Expenditures $12.80M $68.16M $58.12M
Free Cash Flow $104.1M $163.6M $509.9M
YoY Change -30.38% 35.95% 48.93%

Facts In Submission

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<div style="margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2024Q2 us-gaap Operating Lease Liability
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CY2024 jkhy Operating Lease Liability Option To Extend Amounts
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CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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CY2024 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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146657000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
123817000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
98821000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
70549000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
46485000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
90000000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
60000000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
275000000 usd
CY2024 us-gaap Interest Paid
InterestPaid
15757000 usd
CY2023 us-gaap Interest Paid
InterestPaid
14776000 usd
CY2022 us-gaap Interest Paid
InterestPaid
1788000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
93890000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
125622000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
59390000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23222000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
30505000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18089000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1615000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-40218000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
24391000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
706000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-7981000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
7481000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116203000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107928000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
109351000 usd
CY2024Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
21985000 usd
CY2023Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
18186000 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
16123000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
14023000 usd
CY2024Q2 jkhy Deferred Tax Assets Leasing Liability
DeferredTaxAssetsLeasingLiability
14755000 usd
CY2023Q2 jkhy Deferred Tax Assets Leasing Liability
DeferredTaxAssetsLeasingLiability
12462000 usd
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2155000 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1965000 usd
CY2024Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3369000 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2916000 usd
CY2024Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
58387000 usd
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
49552000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
108000 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
125000 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
58279000 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
49427000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
26689000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
27788000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
113623000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
136045000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
148126000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
119201000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
13363000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
10824000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
301801000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
293858000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
243522000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
244431000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 rate
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 rate
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 rate
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038 rate
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037 rate
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043 rate
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.026 rate
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.023 rate
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.020 rate
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.006 rate
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0 rate
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0 rate
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.005 rate
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003 rate
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001 rate
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233 rate
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227 rate
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.232 rate
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
108000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
108000 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
125000 usd
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
106966000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
145862000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
60553000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19077000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
17222000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12005000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10453000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3351000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1872000 usd
CY2024 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1132000 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
529000 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
73000 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8762000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1863000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1642000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
36000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3241000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8990000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2570000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2433000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
350000 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1638000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12005000 usd
CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3924000 usd
CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4672000 usd
CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1524000 usd
CY2024 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
The Company sells its products to banks, credit unions, and financial institutions throughout the United States and generally does not require collateral. Billings to clients are typically due 30 days from date of billing. Reserves are maintained for potential credit losses. Client-related risks are moderated through the inclusion of credit mitigation clauses in the Company's contracts and through the monitoring of timely payments.
CY2024 us-gaap Concentration Risk Supplier
ConcentrationRiskSupplier
In addition, some of the Company’s key solutions are dependent on technology manufactured by third parties. Termination of the Company’s relationship with one or more of these third parties could have a negative impact on the operations of the Company.
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
28873000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
28611000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
24780000 usd
CY2024 us-gaap Restricted Stock Expense
RestrictedStockExpense
26361000 usd
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
26427000 usd
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
22703000 usd
CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4495000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5115000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4252000 usd
CY2024 jkhy Share Based Payment Arrangement Expense Net Tax Shortfall
ShareBasedPaymentArrangementExpenseNetTaxShortfall
-184000 usd
CY2023 jkhy Share Based Payment Arrangement Expense Net Excess Tax Benefit
ShareBasedPaymentArrangementExpenseNetExcessTaxBenefit
1109000 usd
CY2022 jkhy Share Based Payment Arrangement Expense Net Excess Tax Benefit
ShareBasedPaymentArrangementExpenseNetExcessTaxBenefit
652000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
294000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
160.22
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
135000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
178.60
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
71000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
145.50
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
55000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
189.33
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
303000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
166.50
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
136000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
214.78
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
120000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
159.10
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
16000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
186.35
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
303000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
190.08
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
160000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
177.95
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
99000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
170.25
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
39000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
194.11
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
325000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
189.68
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
53953000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
160000 shares
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
21655000 usd
CY2024 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7D
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16544000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
24931000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
12139000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
381816000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
366646000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
362916000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72867000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72918000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73324000 shares
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
158000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
178000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
162000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73025000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73096000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73486000 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.24
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.03
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.95
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.23
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.02
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.94
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7000 shares
CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1 rate
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1 rate
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1 rate
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05 rate
CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05 rate
CY2023 jkhy Defined Contribution Plan Age Requirement
DefinedContributionPlanAgeRequirement
18
CY2024 jkhy Defined Contribution Plan Age Requirement
DefinedContributionPlanAgeRequirement
18
CY2022 jkhy Defined Contribution Plan Employment Length Requirement
DefinedContributionPlanEmploymentLengthRequirement
P6M
CY2023 jkhy Defined Contribution Plan Employment Length Requirement
DefinedContributionPlanEmploymentLengthRequirement
P6M
CY2024 jkhy Defined Contribution Plan Employment Length Requirement
DefinedContributionPlanEmploymentLengthRequirement
P6M
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
31995000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
29308000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
28259000 usd
CY2022Q3 us-gaap Business Combination Acquired Receivables Fair Value
BusinessCombinationAcquiredReceivablesFairValue
978000 usd
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2215543000 usd
CY2024 us-gaap Cost Of Revenue
CostOfRevenue
1299477000 usd
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
148256000 usd
CY2024 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
278419000 usd
CY2024 us-gaap Costs And Expenses
CostsAndExpenses
1726152000 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
489391000 usd
CY2024 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8628000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
498019000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2077702000 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
1219062000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
142678000 usd
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
235274000 usd
CY2023 us-gaap Costs And Expenses
CostsAndExpenses
1597014000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
480688000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6114000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
474574000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1942884000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
1128614000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
121355000 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
218296000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
1468265000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
474619000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2352000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
472267000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024 dei Auditor Firm
AuditorFirmId
238

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