JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition
As disclosed in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, Jack Henry & Associates, Inc. (the "Company") has changed its reportable segments to align with the way our Chief Executive Officer, who is also our Chief Operating Decision Maker, evaluates and manages the Company. The Company now has four reportable segments: Core, Payments, Complementary, and Corporate and Other. This change has no impact on the Company's historical consolidated balance sheets, statements of income, or cash flows. In order to provide additional information to our investors and analysts, the Company has recast historical segment information to conform to our new segment structure.
The schedules attached in Exhibit 99.1 contain unaudited segment information for the fiscal years ended June 30, 2017 and June 30, 2016 by quarter. The recast financial information contained in Exhibit 99.1 does not represent a restatement or reissuance of previously issued financial statements.
The information in this Item 2.02, including the exhibit in Item 9.01, should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended June 30, 2017 and the Company's Quarterly Reports on Form 10-Q for the quarters ended September 30, 2016, December 31, 2016, and March 31, 2017.
The information furnished to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01Financial Statements and Exhibits
(d) Exhibits
HENRY JACK & ASSOCIATES INC ExhibitEX-99.1 2 exhibit991-segmentrecast.htm RECAST REPORTABLE SEGMENT INFORMATION BY QUARTER Exhibit Exhibit 99.1JACK HENRY AND ASSOCIATES,…To view the full exhibit click here
About JACK HENRY & ASSOCIATES, INC. (NASDAQ:JKHY)
Jack Henry & Associates, Inc. is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union). It provides its products and services through approximately three business brands, which include Jack Henry Banking, Symitar and ProfitStars. The Core software system consists of the integrated applications required to process deposit, loan, and general ledger transactions, and to maintain centralized customer/member information. Jack Henry Banking markets over three software systems to banks and Symitar markets over two software systems to credit unions. Its subsidiaries include Jack Henry Services, Inc., Symitar Systems, Inc. and Bayside Business Solutions, Inc.
