Operations by Segments and Geographic Areas (Tables)

9 Months Ended

Mar. 31, 2022

Schedule of Segment Reporting Information

Segment information for the three and nine months ended March 31, 2022 and 2021 according to the segment descriptions above, is as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
	(in thousands)
Segment revenue:
Payment Platforms	$	37,994	$	29,163	$	107,773	$	82,072
Banking Solutions	51,181		47,211		148,821		136,689
Legal Spend Management	21,957		22,147		66,476		64,546
Traditional Solutions	16,444		18,810		48,320		53,384
Other	4,260		3,554		12,838		12,583
Total segment revenue	$	131,836	$	120,885	$	384,228	$	349,274
Segment measure of profit (loss):
Payment Platforms	$	3,986	$	4,267	$	15,632	$	16,037
Banking Solutions	4,787		4,641		12,237		15,744
Legal Spend Management	3,820		5,550		13,496		15,792
Traditional Solutions	4,828		5,213		11,513		13,400
Other	(4,101)		(3,842)		(11,625)		(8,894)
Total measure of segment profit	$	13,320	$	15,829	$	41,253	$	52,079

Reconciliation of Measure of Total Segment Profit to GAAP Income (Loss) Before Income Taxes

A reconciliation of the total measure of segment profit to our GAAP loss before income taxes is as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
	(in thousands)
Total measure of segment profit	$	13,320	$	15,829	$	41,253	$	52,079
Less:
Amortization of acquisition-related intangible assets	(5,255)		(5,443)		(15,506)		(15,614)
Stock-based compensation plan expense	(14,279)		(11,498)		(41,848)		(33,644)
Acquisition and integration-related expenses	(24)		(738)		(367)		(2,078)
Restructuring income (expense)	70		4		(288)		(987)
Excess depreciation, including associated with restructuring events	—		—		(357)		(528)
Other non-core expense	(217)		(52)		(608)		(148)

Shareholder engagement fees	—		—		(1,779)		—
Asset write-off	—		—		(71)		—
Costs associated with pending Merger	(2,990)		—		(6,497)		—
Other income (expense), net of pension adjustments	1,994		(1,536)		56		(3,701)
Loss before income taxes	$	(7,381)	$	(3,434)	$	(26,012)	$	(4,621)

Schedule of Segment Depreciation and Amortization Expense Included in Measure of Segment Profit

The following depreciation and other amortization expense amounts are included in the measure of segment profit:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
	(in thousands)
Depreciation and other amortization expense:
Payment Platforms	$	2,964	$	2,550	$	8,522	$	7,393
Banking Solutions	4,255		3,558		12,230		10,016
Legal Spend Management	1,834		1,544		5,224		4,643
Traditional Solutions	410		290		1,464		830
Other	417		316		1,158		880
Total depreciation and other amortization expense	$	9,880	$	8,258	$	28,598	$	23,762

Summary of Revenue Disaggregated by Major Product Category and the Related Financial Statement Classification of Revenue

The tables below present our subscriptions revenue and total revenue disaggregated by major product classification for the three and nine months ended March 31, 2022 and 2021.



	Three Months Ended March 31, 2022								Nine Months Ended March 31, 2022
	Subscription		Software		Professional Services, Maintenance and Other		Total		Subscription		Software		Professional Services, Maintenance and Other		Total
	(in thousands)
Payment Platforms	$	37,616	$	—	$	378	$	37,994	$	106,841	$	—	$	932	$	107,773
Banking Solutions	44,351		1		6,829		51,181		128,380		106		20,335		148,821
Legal Spend Management	21,947		—		10		21,957		66,456		—		20		66,476
Traditional Solutions	7,006		525		8,913		16,444		19,108		1,401		27,811		48,320
Other	1,215		480		2,565		4,260		3,328		1,579		7,931		12,838
Total revenues	$	112,135	$	1,006	$	18,695	$	131,836	$	324,113	$	3,086	$	57,029	$	384,228




	Three Months Ended March 31, 2021								Nine Months Ended March 31, 2021
	Subscription		Software		Professional Services, Maintenance and Other		Total		Subscription		Software		Professional Services, Maintenance and Other		Total
	(in thousands)
Payment Platforms	$	28,950	$	—	$	213	$	29,163	$	81,662	$	—	$	410	$	82,072
Banking Solutions	40,436		66		6,709		47,211		115,687		181		20,821		136,689
Legal Spend Management	22,144		—		3		22,147		64,540		—		6		64,546
Traditional Solutions	7,582		740		10,488		18,810		18,878		2,127		32,379		53,384
Other	827		286		2,441		3,554		2,954		1,563		8,066		12,583
Total revenues	$	99,939	$	1,092	$	19,854	$	120,885	$	283,721	$	3,871	$	61,682	$	349,274

Schedule of Revenue Based on Point of Sale

We have presented geographic information about our revenues below. This presentation allocates revenue based on the point of sale, not the location of the customer. Accordingly, we derive revenues from geographic locations based on the location of the customer that would vary from the geographic areas listed here.


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
	(in thousands)
Revenues from unaffiliated customers:
United States	$	80,423	$	71,780	$	234,462	$	211,005
United Kingdom	31,844		31,325		92,844		87,354
Switzerland	13,441		12,527		38,803		35,403
Other	6,128		5,253		18,119		15,512
Total revenues from unaffiliated customers	$	131,836	$	120,885	$	384,228	$	349,274

Schedule of Long-Lived Assets, Based on Geographical Location, Excluding Deferred Tax Assets and Intangible Assets

Long-lived assets based on geographical location, excluding deferred tax assets and intangible assets, were as follows:


	At March 31,		At June 30,
	2022		2021
	(in thousands)
Long-lived assets:
United States	$	79,253	$	82,816
United Kingdom	42,244		44,455
Other	23,725		17,453
Total long-lived assets	$	145,222	$	144,724

BOTTOMLINE TECHNOLOGIES INC 10-Q