0001838862-22-000028 | 10-K | XBRL Viewer

(7,526)

(31,160)

^[1]

27,848

969

1,436

(14,019)

(3,419)

$ 18,874

^[2]

(323)

Repurchase and retirement of common shares (in shares)

^[2]

(9,429)

$ (9,429)

(10,130)

Repurchase and retirement of common shares

(246,785)

$ (101)

(6,078)

(240,606)

Ending Balances (in shares) at Apr. 30, 2020

(204,870)

228,207

35,731

Ending Balances, Value at Apr. 30, 2020

71,041

$ 2,282

775,387

(51,576)

^[1]

42,965

$ (698,017)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

583,791

56,362

^[1]

26,138

755

1,431

(11,417)

(1,900)

$ 14,748

^[2]

(214)

Repurchase and retirement of common shares (in shares)

^[2]

(3,081)

$ (3,081)

(11,551)

Repurchase and retirement of common shares

(188,213)

$ (115)

(6,816)

(181,282)

Ending Balances (in shares) at Apr. 30, 2021

(195,068)

216,656

35,190

Ending Balances, Value at Apr. 30, 2021

352,401

$ 2,167

783,292

4,786

^[1]

248,506

$ (686,350)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

89,610

(4,698)

^[1]

4,285

545

(8,112)

(2,424)

$ 10,627

^[2]

(197)

^[2]

(4,633)

$ (4,633)

Ending Balances (in shares) at Jun. 30, 2021

(48,998)

216,656

34,842

Ending Balances, Value at Jun. 30, 2021

388,058

$ 2,167

779,465

^[1]

286,694

$ (680,356)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

553,674

(21,733)

28,189

1,634

7,189

(21,622)

(3,126)

$ 31,937

(433)

Repurchase and retirement of common shares (in shares)

(12,828)

$ (12,828)

(23,085)

Repurchase and retirement of common shares

(550,346)

$ (231)

(13,850)

(536,265)

Ending Balances (in shares) at Jun. 30, 2022

(180,572)

193,571

33,641

Ending Balances, Value at Jun. 30, 2022

$ 211,631

$ 1,936

$ 772,182

$ (21,645)

$ 120,405

$ (661,247)

[1]	The balance of our accumulated other comprehensive income (loss) consists of foreign currency translation adjustments.
[2]	Represents shares swapped or surrendered to us in connection with the vesting or exercise of stock-based awards.

Consolidated Statements Of Stockholders' Equity (Parenthetical) - $ / shares	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Cash dividends declared per share (in dollars per share)	$ 0.27	$ 1.08	$ 1.04	$ 1.04

Summary Of Significant Accounting Policies	12 Months Ended
Summary Of Significant Accounting Policies	Jun. 30, 2022
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS – Our subsidiaries provide assisted and do-it-yourself (DIY) tax return preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distribute H&R Block-branded services and products, including those of our bank partners, to the general public primarily in the United States (U.S.), Canada and Australia. Tax returns are either prepared by H&R Block tax professionals (in company-owned or franchise offices, virtually or via an internet review) or prepared and filed by our clients through our DIY tax solutions. We also offer small business solutions through our company-owned or franchise offices and online through Wave. "H&R Block," "the Company," "we," "our" and "us" are used interchangeably to refer to H&R Block, Inc., to H&R Block, Inc. and its subsidiaries, or to H&R Block, Inc.'s operating subsidiaries, as appropriate to the context. PRINCIPLES OF CONSOLIDATION – The consolidated financial statements include the accounts of the Company and our subsidiaries. Intercompany transactions and balances have been eliminated. DISCONTINUED OPERATIONS – Our discontinued operations include the results of operations of Sand Canyon Corporation, previously known as Option One Mortgage Corporation (including its subsidiaries, collectively, SCC), which exited its mortgage business in fiscal year 2008. See note 12 for additional information on loss contingencies related to our discontinued operations. SEGMENT INFORMATION – We report a single segment that includes all of our continuing operations. MANAGEMENT ESTIMATES – The preparation of financial statements in conformity with accounting principles generally accepted in the 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, assumptions and judgments are applied in the evaluation of contingent losses arising from our discontinued mortgage business, contingent losses associated with pending claims and litigation, reserves for uncertain tax positions, and fair value of reporting units. Estimates have been prepared based on the best information available as of each balance sheet date. As such, actual results could differ materially from those estimates. CHANGE IN FISCAL YEAR END – On June 9, 2021, the Board of Directors approved a change of the Company's fiscal year end from April 30 to June 30. The Company's 2022 fiscal year began on July 1, 2021 and ended on June 30, 2022. As a result of this change, the Company filed a Transition Report on Form 10-Q that included financial information for the transition period from May 1, 2021 to June 30, 2021 (Transition Period). CASH AND CASH EQUIVALENTS – All non-restricted highly liquid instruments purchased with an original maturity of three months or less are considered to be cash equivalents. Outstanding checks in excess of funds on deposit (book overdrafts) included in accounts payable totaled $2.7 million, $1.4 million and $2.9 million as of June 30, 2022, June 30, 2021 and April 30, 2021, respectively. CASH AND CASH EQUIVALENTS – RESTRICTED – Cash and cash equivalents – restricted consists primarily of cash held by our captive insurance subsidiary that is expected to be used to pay claims. RECEIVABLES AND RELATED ALLOWANCES – Our trade receivables consist primarily of accounts receivable from tax clients for tax return preparation and related fees. The allowance for doubtful accounts for these receivables requires management's judgment regarding collectibility and current economic conditions to establish an amount considered by management to be adequate to cover estimated losses as of the balance sheet date. Losses from tax clients for tax return preparation and related fees are not specifically identified and charged off; instead they are evaluated on a pooled basis. At the end of the fiscal year the outstanding balances on these receivables are evaluated based on collections received and expected collections over subsequent tax seasons. We establish an allowance for doubtful accounts at an amount that we believe represents the net realizable value. In December of each year we charge-off the receivables to an amount we believe represents the net realizable value. Our financing receivables consist primarily of participations in H&R Block Emerald Advance® lines of Credit (EAs), loans made to franchisees, and amounts due under H&R Block's Instant RefundSM (Instant Refund). Our accounting policies related to receivables and related allowances are discussed further in note 4. PROPERTY AND EQUIPMENT – Buildings, equipment and leasehold improvements are initially recorded at cost and are depreciated over the estimated useful life of the assets using the straight-line method. Estimated useful lives are generally 15 to 40 years for buildings, two to five years for computers and other equipment, three to five years for purchased software and up to eight years for leasehold improvements. GOODWILL AND INTANGIBLE ASSETS – Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not amortized, but rather is tested for impairment annually during our third quarter, or more frequently if indications of potential impairment exist. Intangible assets, including internally-developed software, with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Intangible assets are typically amortized over the estimated useful life of the assets using the straight-line method. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If, based on a review of qualitative factors, it is more likely than not that the fair value of a reporting unit is less than its carrying value, we perform a quantitative analysis. If the quantitative analysis indicates the carrying value of a reporting unit exceeds its fair value, we measure any goodwill impairment losses as the amount by which the carrying amount of a reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to that reporting unit. See additional discussion in note 6. LEASES – Operating lease right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. The majority of our lease portfolio consists of retail office space in the U.S., Canada, and Australia. The contract terms for these retail offices generally are from May 1 to April 30, and generally run two to five years. We record operating lease ROU assets and operating lease liabilities based on the discounted future minimum lease payments over the term of the lease. We generally do not include renewal options in the term of the lease. As the rates implicit in our leases are not readily determinable, we use our incremental borrowing rate based on the lease term and geographic location in calculating the discounted future minimum lease payments. We recognize lease expenses for our operating leases on a straight-line basis. For lease payments that are subject to adjustments based on indexes or rates, the most current index or rate adjustments were included in the measurement of our ROU assets and lease liabilities at commencement of the lease. Variable lease costs, including non-lease components (such as common area maintenance, utilities, insurance, and taxes) and certain index-based changes in lease payments, are expensed as incurred. Our ROU assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. FOREIGN CURRENCY – The financial statements of the Company’s foreign operations are translated into U.S. dollars. Assets and liabilities are translated at current exchange rates as of the balance sheet date, equity accounts at historical exchange rates, while income statement accounts are translated at the average rates in effect during the year. Translation adjustments are not included in net income, but are recorded as a separate component of other comprehensive income in stockholders' equity. Foreign currency gains and losses included in operating results for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 and the Transition Period ended June 30, 2021 were not material. TREASURY SHARES – We record shares of common stock repurchased by us as treasury shares, at cost, resulting in a reduction of stockholders' equity. Periodically, we may retire shares held in treasury as determined by our Board of Directors. We typically reissue treasury shares as part of our stock-based compensation programs. When shares are reissued, we determine the cost using the average cost method. FAIR VALUE MEASUREMENT – We use the following classification of financial instruments pursuant to the fair value hierarchy methodologies for assets measured at fair value: ▪Level 1 – inputs to the valuation are quoted prices in an active market for identical assets. ▪Level 2 – inputs to the valuation include quoted prices for similar assets in active markets utilizing a third-party pricing service to determine fair value. ▪Level 3 – valuation is based on significant inputs that are unobservable in the market and our own estimates of assumptions that we believe market participants would use in pricing the asset. Assets measured on a recurring basis are initially measured at fair value and are required to be remeasured at fair value in the financial statements at each reporting date. Fair value estimates, methods and assumptions are set forth below. The fair value was not estimated for assets and liabilities that are not considered financial instruments. ▪Cash and cash equivalents, including restricted - Fair value approximates the carrying amount (Level 1). ▪Receivables, net - short-term - For short-term balances the carrying values reported in the balance sheet approximate fair market value due to the relative short-term nature of the respective instruments (Level 1). ▪Receivables, net - long-term - The carrying values for the long-term portion of loans to franchisees approximate fair market value due to variable interest rates, low historical delinquency rates and franchise territories serving as collateral (Level 1). Long-term EA, Refund Transfer (RT) and Instant Refund receivables are carried at net realizable value which approximates fair value (Level 3). Net realizable value is determined based on historical and projected collection rates. ▪Long-term debt - The fair value of our Senior Notes is based on quotes from multiple banks (Level 2). See note 7 for fair value. ▪Contingent consideration - Fair value approximates the carrying amount (Level 3). See note 10 for the carrying amount. REVENUE RECOGNITION – Revenue is recognized upon satisfaction of performance obligations by the transfer of a product or service to the customer. Revenue is the amount of consideration we expect to receive for our services and products and excludes sales taxes. The majority of our services and products have multiple performance obligations. We have certain services for which, the various performance obligations are generally provided simultaneously at a point in time, and revenue is recognized at that time. We have certain services and products where we have multiple performance obligations that are provided at various points in time. For these services and products, we allocate the transaction price to the various performance obligations based on relative standalone selling prices and recognize the revenue when the respective performance obligations have been satisfied. We have determined that our contracts do not contain a significant financing component. Service revenues consist of assisted and online tax preparation revenues, fees for electronic filing, revenues from RTs, Emerald Card, Peace of Mind® (POM), Tax Identity Shield (TIS) and Wave. Assisted tax preparation services include tax preparation and electronic filing or printing of the completed tax return. Revenues from tax preparation and printing for clients that choose to print and mail their returns, are recognized when a completed return is accepted by the customer. Revenues for electronic filing are recognized when the return is electronically filed. Royalties are based on contractual percentages of franchise gross receipts and are generally recorded in the period in which the services are provided by the franchisee to the customer. DIY tax preparation services includes fees for online and desktop tax preparation software and for electronic filing or printing. Revenues for online software and printing for clients that choose to print and mail their returns, are recognized when the customer uses the software to complete a return. Revenues for desktop software are recognized when the software is sold to the end user. Revenues for electronic filing are recognized when the return is electronically filed. Refund Transfer revenues are recognized when the IRS filing acknowledgment is received and the bank account is established at our bank partner, PathwardTM, N.A., formerly known as MetaBank®, N.A. (Pathward), a wholly-owned subsidiary of Pathward Financial, Inc. (formerly known as Meta Financial Group, Inc.). Emerald Card® revenues consist of interchange income from the use of debit cards and fees paid by cardholders. Interchange income is a fee paid by merchants to our bank partner through the interchange network. Revenue associated with our Emerald Card® is recognized based on authorization of cardholder transactions. Peace of Mind® Extended Service Plan revenues are initially deferred and recognized over the term of the plan, based on the historical pattern of actual claims paid, as claims paid represent the transfer of POM services to the customer. The plan is effective for the life of the tax return, which can be up to six years; however, the majority of claims are incurred in years two and three after the sale of POM. POM has multiple performance obligations where we represent our clients if they are audited by a taxing authority, and assume the cost, subject to certain limits, of additional taxes owed by a client resulting from errors attributable to H&R Block. Incremental wages are also deferred and recognized over the term of the plan, in conjunction with the revenues earned. Tax Identity Shield® revenues are initially deferred and are recognized as the various services are provided to the client, either by us or a third party, throughout the term of the contract, which generally ends on April 30th of the following year. TIS has multiple performance obligations where we provide clients assistance in helping protect their tax identity and access to services to help restore their tax identity, if necessary. Protection services include a daily scan of the dark web for personal information, a monthly scan for the client's social security number in credit header data, notifying clients if their information is detected on a tax return filed through H&R Block, and obtaining additional IRS identity protections when eligible. Interest and fee income on Emerald AdvanceSM lines of credit is recorded over the life of the underlying loan. Wave® revenues primarily consist of fees received to process payment transactions and are generally calculated as a percentage of the transaction amounts processed. Revenues are recognized upon authorization of the transaction. MARKETING AND ADVERTISING – Advertising costs for radio and television ads are expensed over the course of the tax season, with online, print and mailing advertising expensed as incurred. Marketing and advertising expenses totaled $284.2 million, $262.0 million and $255.1 million for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020, respectively, and $11.9 million for the Transition Period. EMPLOYEE BENEFIT PLANS – We have a 401(k) defined contribution plan covering eligible full-time and seasonal employees following the completion of an eligibility period. Employer contributions to this plan are discretionary and totaled $25.1 million, $26.6 million and $18.8 million for continuing operations for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020, respectively, and $3.4 million for the Transition Period. We have severance plans covering executives and eligible regular full-time or part-time active employees who incur a qualifying termination. Expenses related to severance benefits for continuing operations totaled $2.6 million, $8.4 million and $2.5 million

Revenue Recognition

12 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

NOTE 2: REVENUE RECOGNITION

The majority of our revenues are from our U.S. tax services business. The following table disaggregates our U.S. tax services revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:


							(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Revenues:
U.S. assisted tax preparation	$	2,094,612	$	259,527	$	2,035,107	$	1,533,303
U.S. royalties	225,242		29,659		226,253		193,411
U.S. DIY tax preparation	319,086		76,106		313,055		208,901
International	231,335		22,071		249,868		180,065
Refund Transfers	162,893		14,269		163,329		154,687
Emerald Card®	125,444		19,193		136,717		92,737
Peace of Mind® Extended Service Plan	94,637		20,231		98,882		105,185
Tax Identity Shield®	39,114		3,928		40,624		31,797
Interest and fee income on Emerald AdvanceSM	43,981		299		53,430		60,867
Wave	80,965		12,481		58,277		36,711
Other	45,961		8,342		38,445		42,056
Total revenues	$	3,463,270	$	466,106	$	3,413,987	$	2,639,720

Changes in the balances of deferred revenue for POM are as follows:


							(in 000s)
	POM Deferred Revenue
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	172,759	$	183,871	$	183,685	$	212,511
Amounts deferred	110,679		12,464		115,114		95,032
Amounts recognized on previous deferrals	(109,952)		(23,576)		(114,928)		(123,858)
Balance, end of the period	$	173,486	$	172,759	$	183,871	$	183,685

Changes in the balances of deferred wages for POM are as follows:


							(in 000s)
	POM Deferred Wages
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	17,867	$	20,169	$	21,618	$	27,306
Amounts deferred	12,668		8		11,367		10,708
Amounts recognized on previous deferrals	(11,040)		(2,310)		(12,816)		(16,396)
Balance, end of the period	$	19,495	$	17,867	$	20,169	$	21,618

As of June 30, 2022, deferred revenue related to POM was $173.5 million. We expect that $102.5 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years. POM deferred revenues are included in deferred revenue and other liabilities in the consolidated balance sheets. POM deferred wages are included in prepaid expenses and other current assets or other noncurrent assets.

As of June 30, 2022, June 30, 2021 and April 30, 2021, TIS deferred revenue was $25.8 million, $28.3 million, and $28.9 million, respectively. The related liabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred revenue related to TIS as of June 30, 2022 will be recognized by April 2023.

A significant portion of our accounts receivable balances arise from services and products that we provide to our customers, with the exception of those related to EAs, which arise from purchased participation interests with our bank partner. The majority of our receivables are related to our RT product. Generally the prices of our services and products are fixed and determinable at the time of sale. For our RT product, we record a receivable for our fees which is then collected at the time the IRS issues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and subsequent to the tax season. See note 4 for our accounts receivable balances.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Property, Plant and Equipment [Abstract]

Earnings Per Share

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 3: EARNINGS PER SHARE

Basic and diluted earnings (loss) per share is computed using the two-class method. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Per share amounts are computed by dividing net income (loss) from continuing operations attributable to common shareholders by the weighted average shares outstanding during each period.

The computations of basic and diluted earnings (loss) per share from continuing operations are as follows:


(in 000s, except per share amounts)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Net income from continuing operations attributable to shareholders	$	560,646	$	91,119	$	590,212	$	6,156
Amounts allocated to participating securities	(2,468)		(402)		(2,413)		(639)
Net income from continuing operations attributable to common shareholders	$	558,178	$	90,717	$	587,799	$	5,517

Basic weighted average common shares	168,519		181,473		186,832		196,701
Potential dilutive shares	2,916		3,389		1,945		1,407
Dilutive weighted average common shares	171,435		184,862		188,777		198,108
Earnings per share from continuing operations attributable to common shareholders:
Basic	$	3.31	$	0.50	$	3.15	$	0.03
Diluted	3.26		0.49		3.11		0.03

Diluted earnings per share excludes the impact of shares of common stock issuable upon the lapse of certain restrictions or the exercise of options to purchase 0.4 million, 0.8 million and 0.9 million shares of stock for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020, respectively, and 0.3 million shares of stock for the Transition Period as the effect would be antidilutive.

Receivables

12 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Receivables

NOTE 4: RECEIVABLES

Receivables, net of their related allowance, consist of the following:


(in 000s)
As of	June 30, 2022				June 30, 2021				April 30, 2021
	Short-term		Long-term		Short-term		Long-term		Short-term		Long-term
Loans to franchisees	$	6,194	$	22,036	$	9,497	$	28,026	$	16,666	$	28,909
Receivables for U.S. assisted and DIY tax preparation and related fees	18,893		2,560		41,900		3,793		92,531		3,793
H&R Block's Instant RefundSM receivables	3,491		198		2,357		159		35,665		1,463
H&R Block Emerald Advance® lines of credit	6,691		8,825		8,248		8,089		9,210		17,095
Software receivables from retailers	3,992		—		2,910		—		4,823		—
Royalties and other receivables from franchisees	3,682		73		6,167		178		16,136		196
Wave payment processing receivables	1,393		—		2,187		—		1,569		—
Other	14,111		1,172		15,666		1,350		21,276		1,233


	$	58,447	$	34,864	$	88,932	$	41,595	$	197,876	$	52,689

Balances presented above as short-term are included in receivables, while the long-term portions are included in other noncurrent assets in the consolidated balance sheets.

Loans to Franchisees. Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. As of June 30, 2022, June 30, 2021, and April 30, 2021 loans with a principal balance more than 90 days past due, or on non-accrual status, are not material.

The credit quality of these receivables is assessed at origination at an individual franchisee level. Payment history is monitored on a regular basis. Based upon our internal analysis and underwriting activities, we believe all loans to franchisees are of similar credit quality. Loans are evaluated for collectibility when they become delinquent or more than 90 days past due. Amounts deemed to be uncollectible are written off to bad debt expense and bad debt related to these loans has typically been immaterial. Additionally, the franchise territory serves as additional protection in the event a franchisee defaults on the loan, as we may revoke franchise rights, write off the remaining balance of the loan and refranchise the territory or begin operating it as company-owned.

H&R Block's Instant RefundSM. Our Canadian operations advance refunds due to certain clients from the Canada Revenue Agency (CRA), in exchange for a fee. The total fee we charge for this service is mandated by legislation which is administered by the CRA. The client assigns to us the full amount of the tax refund to be issued by the CRA and the refund is then sent by the CRA directly to us. The amount we advance to clients under this program is the amount of their estimated refund, less our fees, any amounts expected to be withheld by the CRA for amounts the client may owe to government authorities and any amounts owed to us from prior years. The CRA system for tracking amounts due to various government agencies also indicates if the client has already filed a return, does not exist in CRA records, or is bankrupt. This serves to greatly reduce the amounts of uncollectible receivables and the risk of fraudulent returns. H&R Block's Instant RefundSM amounts are generally received from the CRA within 60 days of filing the client's return, with the remaining balance collectible from the client.

Credit losses from these receivables are not specifically identified and charged off; instead we review the credit quality of these receivables on a pooled basis, segregated by the tax return year of origination with older years being deemed more unlikely to be repaid. At the end of the fiscal year, the outstanding balances on these receivables are evaluated based on collections received and expected collections over subsequent tax seasons. We establish an allowance for doubtful accounts at an amount that we believe represents the net realizable value. In December of each year we charge-off the receivables to an amount we believe represents the net realizable value.

Current balances and amounts on non-accrual status and classified as impaired, or more than 60 days past due, by tax return year of origination, as of June 30, 2022 are as follows:


			(in 000s)

Tax return year of origination	Current Balance		More Than 60 Days Past Due

2021	$	4,997	$	2,903
2020 and prior	131		131

	5,128		$	3,034
Allowance	(1,439)
Net balance	$	3,689

H&R Block Emerald Advance® lines of credit. EAs are typically offered to clients in our offices from mid-November through mid-January, in amounts up to $1,000. If the borrower meets certain criteria as agreed in the loan terms, the line of credit can be utilized year-round. EA balances require an annual paydown on February 15th, and any amounts unpaid are placed on non-accrual status as of March 1st. Payments on past due amounts are applied to principal. These lines of credit are offered by our bank partner. We purchase participation interests in their loans, as discussed further in note 10.

Credit losses from EAs are not specifically identified and charged off; instead we review the credit quality of these receivables on a pooled basis, segregated by the fiscal year of origination with older years being deemed more unlikely to be repaid. At the end of the fiscal year, the outstanding balances on these receivables are evaluated based on collections received and expected collections over subsequent tax seasons. We establish an allowance for doubtful accounts at an amount that we believe represents the net realizable value. In December of each year we charge-off the receivables to an amount we believe represents the net realizable value.

Current balances and amounts on non-accrual status and classified as impaired, or more than 60 days past due, by fiscal year of origination as of June 30, 2022, are as follows:


			(in 000s)

Fiscal year of origination	Current Balance		Non-Accrual

2022	$	26,040	$	26,040
2021 and prior	458		458

Revolving loans	15,159		12,867
	41,657		$	39,365
Allowance	(26,141)
Net balance	$	15,516

Allowance for Credit Losses. Activity in the allowance for credit losses for EAs and all other short-term and long-term receivables for the periods ended June 30, 2022, June 30, 2021, April 30, 2021 and April 30, 2020 is as follows:


(in 000s)
	EAs		All Other		Total
Balances as of May 1, 2019	$	27,535	$	53,938	$	81,473
Provision	21,771		54,850		76,621
Charge-offs, recoveries and other	(17,272)		(58,342)		(75,614)
Balances as of April 30, 2020	$	32,034	$	50,446	$	82,480
Provision	14,319		59,132		73,451
Charge-offs, recoveries and other	(18,649)		(53,774)		(72,423)
Balances as of April 30, 2021	27,704		55,804		83,508
Provision	—		4,617		4,617
Charge-offs, recoveries and other	—		(149)		(149)
Balances as of June 30, 2021	27,704		60,272		87,976
Provision	14,814		51,993		66,807
Charge-offs, recoveries and other	(16,377)		(61,139)		(77,516)
Balances as of June 30, 2022	$	26,141	$	51,126	$	77,267

Property And Equipment

12 Months Ended

Jun. 30, 2022

Property And Equipment

NOTE 5: PROPERTY AND EQUIPMENT

The components of property and equipment, net of accumulated depreciation and amortization, are as follows:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Buildings	$	34,303	$	42,379	$	44,121
Computers and other equipment	48,837		57,560		62,712
Leasehold improvements	38,142		35,768		37,772
Purchased software	1,253		2,192		2,508

Land and other non-depreciable assets	1,377		1,377		1,377
	$	123,912	$	139,276	$	148,490

Depreciation expense of property and equipment for continuing operations for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 was $64.7 million, $73.4 million and $85.9 million, respectively and was $10.8 million for the Transition Period.

The carrying value of long-lived assets held outside the U.S., which is comprised of property and equipment, totaled $15.4 million, $17.8 million and $18.9 million as of June 30, 2022, June 30, 2021 and April 30, 2021, respectively.

Goodwill And Intangible Assets

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets

NOTE 6: GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the periods ended June 30, 2022, June 30, 2021, April 30, 2021 and April 30, 2020 are as follows:


(in 000s)
	Goodwill		Accumulated Impairment Losses		Net
Balances as of May 1, 2019	$	552,234	$	(32,297)	$	519,937
Acquisition of Wave	300,560		—		300,560
Other acquisitions	23,795		—		23,795
Disposals and foreign currency changes, net	(26,154)		—		(26,154)
Impairments	—		(106,000)		(106,000)
Balances as of April 30, 2020	850,435		(138,297)		712,138
Acquisitions	6,948		—		6,948
Disposals and foreign currency changes, net	38,573		—		38,573
Impairments	—		—		—
Balances as of April 30, 2021	895,956		(138,297)		757,659
Acquisitions	166		—		166
Disposals and foreign currency changes, net	(3,304)		—		(3,304)
Impairments	—		—		—
Balances as of June 30, 2021	892,818		(138,297)		754,521
Acquisitions	18,696		—		18,696
Disposals and foreign currency changes, net	(12,816)		—		(12,816)
Impairments	—		—		—
Balances as of June 30, 2022	$	898,698	$	(138,297)	$	760,401

We test goodwill for impairment annually as of February 1, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value. In fiscal year 2020, we recorded a goodwill impairment loss of $106.0 million related to Wave.

Components of intangible assets are as follows:


(in 000s)
	Gross Carrying Amount		Accumulated Amortization		Net
As of June 30, 2022:
Reacquired franchise rights	$	379,114	$	(197,068)	$	182,046
Customer relationships	331,020		(278,717)		52,303
Internally-developed software	137,638		(107,111)		30,527
Noncompete agreements	41,789		(37,684)		4,105
Franchise agreements	19,201		(17,388)		1,813
Purchased technology	122,700		(87,910)		34,790
Trade name	5,800		(1,740)		4,060
	$	1,037,262	$	(727,618)	$	309,644
As of June 30, 2021:
Reacquired franchise rights	$	370,405	$	(182,366)	$	188,039
Customer relationships	316,547		(255,294)		61,253
Internally-developed software	160,315		(119,460)		40,855
Noncompete agreements	41,228		(35,802)		5,426
Franchise agreements	19,201		(16,108)		3,093
Purchased technology	122,700		(74,913)		47,787
Trade name	5,800		(1,160)		4,640
	$	1,036,196	$	(685,103)	$	351,093
As of April 30, 2021:
Reacquired franchise rights	$	370,112	$	(179,356)	$	190,756
Customer relationships	316,508		(251,160)		65,348
Internally-developed software	156,308		(116,126)		40,182
Noncompete agreements	41,212		(35,484)		5,728
Franchise agreements	19,201		(15,894)		3,307
Purchased technology	122,700		(72,609)		50,091
Trade name	5,800		(1,064)		4,736
	$	1,031,841	$	(671,693)	$	360,148

Amortization of intangible assets for continuing operations for the fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 was $77.5 million, $83.4 million and $83.6 million, respectively, and was $13.8 million for the Transition Period. Estimated amortization of intangible assets for fiscal years 2023, 2024, 2025, 2026 and 2027 is $66.3 million, $45.8 million, $24.8 million, $17.0 million and $11.9 million, respectively.

We made payments to acquire businesses totaling $35.9 million, $15.6 million and $450.2 million during the fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020, respectively, and $0.8 million for the Transition Period. The fiscal year ended April 30, 2020 included the acquisition of Wave. The amounts and weighted-average lives of assets acquired during fiscal year 2022, including amounts capitalized related to internally-developed software, are as follows:


(dollars in 000s)
	Amount		Weighted-Average Life (in years)
Internally-developed software	$	10,919	3
Customer relationships	16,179		5
Reacquired franchise rights	9,081		4
Noncompete agreements	600		5
Total	$	36,779	4

Long-Term Debt

12 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt

NOTE 7: LONG-TERM DEBT

The components of long-term debt are as follows:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Senior Notes, 5.500%, due November 2022 (1)	—		500,000		500,000
Senior Notes, 5.250%, due October 2025 (1)	350,000		350,000		350,000
Senior Notes, 2.500%, due July 2028 (1)	500,000		500,000		—
Senior Notes, 3.875%, due August 2030 (1)	650,000		650,000		650,000

Debt issuance costs and discounts	(13,124)		(16,281)		(9,961)
Total long-term debt	1,486,876		1,983,719		1,490,039
Less: Current portion	—		—		—
Long-term portion	$	1,486,876	$	1,983,719	$	1,490,039

Estimated fair value of long-term debt	$	1,377,000	$	2,123,000	$	1,609,000

(1) The Senior Notes are not redeemable by the bondholders prior to maturity, although we have the right to redeem some or all of these notes at any time, at specified redemption prices. The interest rates on our Senior Notes are subject to adjustment based upon our credit ratings.

On June 22, 2021, we issued $500.0 million of 2.500% Senior Notes due July 15, 2028. On May 2, 2022, we redeemed the $500.0 million 5.5% Senior Notes originally due in November 2022. The redemption price was 100% of the outstanding principal amount, plus accrued and unpaid interest up to, but not including, the redemption date.

Our unsecured committed line of credit (CLOC) provides for an unsecured senior revolving credit facility in the aggregate principal amount of $1.5 billion, which includes a $175.0 million sublimit for swingline loans and a $50.0 million sublimit for standby letters of credit. We may request increases in the aggregate principal amount of the revolving credit facility of up to $500.0 million, subject to obtaining commitments from lenders and meeting certain other conditions. The CLOC will mature on June 11, 2026, unless extended pursuant to the terms of the CLOC, at which time all outstanding amounts thereunder will be due and payable. Our CLOC includes an annual facility fee, which will vary depending on our then current credit ratings.

The CLOC is subject to various conditions, triggers, events or occurrences that could result in earlier termination and contains customary representations, warranties, covenants and events of default, including, without limitation: (1) a covenant requiring the Company to maintain a debt-to-EBITDA ratio, as defined by the CLOC agreement, calculated on a consolidated basis of no greater than (a) 3.50 to 1.00 as of the last day of each fiscal quarter ending on March 31, June 30, and September 30 of each year and (b) 4.50 to 1.00 as of the last day of each fiscal quarter ending on December 31 of each year; (2) a covenant requiring us to maintain an interest

coverage ratio (EBITDA-to-interest expense) calculated on a consolidated basis of not less than 2.50 to 1.00 as of the last date of any fiscal quarter; and (3) covenants restricting our ability to incur certain additional debt, incur liens, merge or consolidate with other companies, sell or dispose of assets (including equity interests), liquidate or dissolve, engage in certain transactions with affiliates or enter into certain restrictive agreements. The CLOC includes provisions for an equity cure which could potentially allow us to independently cure certain defaults. Proceeds under the CLOC may be used for working capital needs or for other general corporate purposes. We were in compliance with these requirements as of June 30, 2022.

We had no outstanding balance under our CLOC as of June 30, 2022 and amounts available to borrow were not limited by the debt-to-EBITDA covenant as of June 30, 2022.

OTHER INFORMATION – The aggregate payments required to retire long-term debt are $350.0 million in fiscal year 2026, $500.0 million in fiscal year 2029 and $650.0 million in fiscal year 2031.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

12 Months Ended

Jun. 30, 2022

Stock-Based Compensation

NOTE 8: STOCK-BASED COMPENSATION

We have a stock-based Long Term Incentive Plan (Plan), under which we can grant stock options, restricted shares, performance-based share units, restricted share units, deferred stock units and other forms of equity to employees, non-employee directors and consultants. Stock-based compensation expense and related tax items are as follows:


							(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Stock based compensation expense	$	34,252	$	4,700	$	28,271	$	28,045
Tax benefit	6,494		1,016		1,802		7,175
Realized tax benefit	5,438		2,356		1,690		5,856

As of June 30, 2022, we had 10.9 million shares reserved for future awards under our Plan. We issue shares from our treasury stock to satisfy the exercise or vesting of stock-based awards and believe we have adequate treasury stock balances available for future issuances.

We measure the fair value of restricted share units (other than performance-based share units) based on the closing price of our common stock on the grant date. We measure the fair value of performance-based share units based on the Monte Carlo valuation model, taking into account, as necessary, those provisions of the performance-based share units that are characterized as market conditions. We generally expense the grant-date fair value, net of estimated forfeitures, over the vesting period on a straight-line basis.

Options and restricted share units (other than performance-based share units) granted to employees typically vest pro-rata based upon service over a three-year period with a portion vesting each year. Performance-based share units granted to employees typically cliff vest at the end of a three-year period based upon satisfaction of both service-based and performance-based requirements. The number of performance-based share units that ultimately vest can range from zero up to 200 percent of the number granted, based on the form of the award, which can vary by year of grant. The performance metrics for these awards typically consist of earnings before interest, taxes, depreciation and amortization (EBITDA), EBITDA growth, return on invested capital, total shareholder return or our stock price. Deferred stock units granted to non-employee directors vest when they are granted and are settled six months after the director separates from service as a director of the Company, except in the case of death.

All share units granted to employees and non-employee directors receive cumulative dividend equivalents to the extent of the units ultimately vesting at the time of distribution. Options granted under our Plan have a maximum contractual term of ten years.

A summary of restricted share units and deferred stock units, including those that are performance-based, for the year ended June 30, 2022, is as follows:


(shares in 000s)
	Restricted Share Units and Deferred Stock Units			Performance-Based Share Units
	Shares	Weighted-Average Grant Date Fair Value		Shares	Weighted-Average Grant Date Fair Value
Outstanding, beginning of the year	2,012	$	21.84	1,973	$	23.49
Granted	1,158	27.30		576	27.94
Released	(897)	22.73		(478)	24.55
Forfeited	(303)	22.33		(153)	22.88
Outstanding, end of the year	1,970	$	24.40	1,918	$	23.79

The total fair value of shares and units vesting during fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 was $33.3 million, $16.1 million and $22.1 million, respectively, and was $12.3 million for the Transition Period. As of June 30, 2022, we had $50.2 million of total unrecognized compensation cost related to these shares. This cost is expected to be recognized over a weighted-average period of two years.

When valuing our performance-based share units on the grant date, we typically estimate the expected volatility using historical volatility for H&R Block, Inc. and selected comparable companies. The dividend yield is calculated based on the current dividend and the market price of our common stock on the grant date. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve in effect on the grant date. Both expected volatility and the risk-free interest rate are based on a period that approximates the expected term. There were no performance-based share units issued during the Transition Period. The following assumptions were used to value performance-based share units using the Monte Carlo valuation model during the periods:


	Year Ended June 30, 2022		Year Ended April 30, 2021		Year Ended April 30, 2020

Expected volatility	23.19% - 88.48%		21.14% - 84.49%		13.47% - 66.33%
Expected term	3 years		3 years		3 years
Dividend yield (1)	0%		0% - 3.95%		0%-3.55%
Risk-free interest rate	0.37%		0.14% - 0.18%		1.70		%
Weighted-average fair value	$	27.07	$	16.74	$	32.01

(1)The valuation model assumes that dividends are reinvested by the Company on a continuous basis.

Income Taxes

2 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 9: INCOME TAXES

We file a consolidated federal income tax return in the U.S. with the Internal Revenue Service (IRS) and file tax returns in various state, local, and foreign jurisdictions. Tax returns are typically examined and either settled upon completion of the examination or through the appeals process. On July 14, 2021, we filed a U.S. federal income tax form 1139 carryback claim to utilize net operating losses against income earned in tax years 2015 and 2016. Filing this carryback claim has opened our 2015 and 2016 tax years to examination. Consequently, our U.S. federal income tax returns for 2015, 2016, 2018 and later years remain open for examination. Our U.S. federal income tax returns for 2017, 2014 and all years prior to 2014 are closed. With respect to state and local jurisdictions and countries outside of the U.S., we are typically subject to examination for three to six years after the income tax returns have been filed. Although the outcome of tax audits is always uncertain, we believe that adequate amounts of tax, interest, and penalties have been provided for in the accompanying consolidated financial statements for any adjustments that might be incurred due to federal, state, local or foreign audits.

The components of income (loss) from continuing operations upon which domestic and foreign income taxes have been provided are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Domestic	$	478,166	$	145,714	$	489,499	$	56,121
Foreign	180,903		(24,719)		179,237		(59,495)
	$	659,069	$	120,995	$	668,736	$	(3,374)

We operate in multiple income tax jurisdictions both within the U.S. and internationally. Accordingly, management must determine the appropriate allocation of income to each of these jurisdictions based on transfer pricing analyses of comparable companies and predictions of future economic conditions. Although these intercompany transactions reflect arm’s length terms and the proper transfer pricing documentation is in place, transfer pricing terms and conditions may be scrutinized by local tax authorities during an audit and any resulting changes may impact our mix of earnings in countries with differing statutory tax rates.

The reconciliation between the income tax provision and the amount computed by applying the statutory U.S. federal tax rate to income taxes for continuing operations is as follows:


	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

U.S. statutory tax rate	21.0	%	21.0	%	21.0	%	21.0	%
Change in tax rate resulting from:
State income taxes, net of federal income tax benefit	2.1	%	2.9	%	1.8	%	20.4	%
Earnings taxed in foreign jurisdictions	(2.4)	%	0.8	%	(1.2)	%	619.4	%
Permanent differences	0.9	%	0.4	%	0.5	%	(257.5)	%
Impairment of goodwill	—	%	—	%	—	%	(832.5)	%
Uncertain tax positions	(6.3)	%	2.9	%	7.5	%	508.3	%
U.S. tax on income from foreign affiliates	2.0	%	(1.6)	%	1.0	%	(247.4)	%
Remeasurement of deferred tax assets and liabilities	(0.2)	%	(1.0)	%	(0.1)	%	117.6	%
Changes in prior year estimates	0.1	%	—	%	(0.5)	%	55.5	%
Federal income tax credits	(2.6)	%	(0.5)	%	(0.9)	%	216.3	%

Tax impacts of stock-based compensation vesting	—	%	—	%	—	%	44.8	%

Tax benefit due to NOL carryback under CARES Act	(0.1)	%	—	%	(17.5)	%	—	%
Tax deductible write-down of foreign investment	0.6	%	(0.2)	%	(1.7)	%	—	%

Change in valuation allowance - domestic	0.2	%	—	%	(0.2)	%	37.1	%
Change in valuation allowance - foreign	(0.3)	%	0.3	%	1.7	%	20.6	%

Other	(0.1)	%	(0.3)	%	0.3	%	(41.2)	%
Effective tax rate	14.9	%	24.7	%	11.7	%	282.4	%

Our effective tax rate for continuing operations was 14.9%, 11.7% and 282.4% for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020, respectively, and was 24.7% for the Transition Period. The increase in the effective tax rate for the year ended June 30, 2022 compared to the year ended April 30, 2021 is primarily due to the impact of net operating loss carrybacks under the CARES Act in 2021 to years with a statutory tax rate of 35% offset in part by the expiration of statute of limitation on certain uncertain tax positions during the current year.

The components of income tax expense (benefit) for continuing operations are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Current:
Federal	$	121,319	$	11,563	$	58,834	$	18,048
State	25,108		743		12,000		(16,614)
Foreign	8,956		(1,481)		26,032		1,991
	155,383		10,825		96,866		3,425
Deferred:
Federal	(58,487)		16,950		2,493		1,703
State	(2,016)		4,809		(11,368)		(1,516)
Foreign	3,543		(2,708)		(9,467)		(13,142)
	(56,960)		19,051		(18,342)		(12,955)
Total income taxes (benefit) for continuing operations	$	98,423	$	29,876	$	78,524	$	(9,530)

The significant components of deferred tax assets and liabilities are reflected in the following table:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Deferred tax assets:
Accrued expenses	$	1,917	$	1,735	$	3,576
Deferred revenue	35,519		7,644		10,445
Allowance for credit losses and related reserves	30,565		34,411		33,027


Deferred and stock-based compensation	6,964		7,111		24,712
Net operating loss carry-forward	105,710		108,446		104,013
Lease liabilities	109,397		114,700		112,249
Federal tax benefits related to state unrecognized tax benefits	19,115		16,177		16,682
Property and equipment	9,846		35,712		40,138
Intangibles - intellectual property	77,123		85,374		86,711
Valuation allowance	(55,172)		(55,784)		(55,401)
Total deferred tax assets	340,984		355,526		376,152

Deferred tax liabilities:
Prepaid expenses and other	(4,723)		(9,033)		(11,927)
Lease right of use assets	(107,445)		(111,762)		(109,726)

Income tax method change	(5,892)		(56,249)		(56,257)
Intangibles	(59,424)		(71,941)		(72,650)
Total deferred tax liabilities	(177,484)		(248,985)		(250,560)

Net deferred tax assets	$	163,500	$	106,541	$	125,592

A reconciliation of the deferred tax assets and liabilities and the corresponding amounts reported in the consolidated balance sheets is as follows:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Deferred income tax assets	$	163,500	$	142,981	$	141,836
Deferred tax liabilities	—		(36,440)		(16,244)
Net deferred tax asset	$	163,500	$	106,541	$	125,592

Changes in our valuation allowance for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 and for the Transition Period are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	55,784	$	55,401	$	45,124	$	47,070

Additions charged to costs and expenses	4,752		389		13,492		2,151

Deductions	(5,364)		(6)		(3,215)		(4,097)
Balance, end of the period	$	55,172	$	55,784	$	55,401	$	45,124

Our valuation allowance on deferred tax assets has a net decrease of $0.6 million during the current period. The gross increase in valuation allowance of $4.8 million is related to net operating loss deferred tax assets generated by foreign and domestic losses that we do not expect to utilize in future years. This increase is offset by a $5.4 million decrease to our valuation allowance balance for adjustments to certain foreign net operating losses utilized in the current fiscal year and net operating losses that are no longer available.

Certain of our subsidiaries file stand-alone returns in various state, local and foreign jurisdictions, and others join in filing consolidated or combined returns in such jurisdictions. As of June 30, 2022, we had net operating losses in various states and foreign jurisdictions. The amount of state and foreign net operating losses varies by taxing jurisdiction. We maintain a valuation allowance of $22.7 million on state and federal net operating losses and $31.1 million on foreign net operating losses for the portion of such loses that, more likely than not, will not be realized. Of the $105.7 million of net operating loss deferred tax assets, $26.7 million will expire in varying amounts during fiscal years 2023 through 2041 and the remaining $79.0 million have no expiration. Of the total net operating loss deferred tax assets, $51.9 million are more likely than not to be realized.

We do not currently intend to repatriate non-borrowed funds held by our foreign subsidiaries in a manner that would trigger a tax liability; therefore, no provision has been made for income taxes that might be payable upon remittance of such earnings. The amount of unrecognized tax liability on these foreign earnings, net of expected foreign tax credits, is immaterial as of June 30, 2022.

Changes in unrecognized tax benefits for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 and for the Transition Period are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	264,323	$	264,810	$	168,062	$	185,144
Additions based on tax positions related to prior years	2,499		485		121,364		1,501
Reductions based on tax positions related to prior years	(5,332)		(1,209)		(34,470)		(10,128)
Additions based on tax positions related to the current year	32,948		679		43,800		12,093
Reductions related to settlements with tax authorities	(9,800)		(442)		(29,362)		(980)
Expiration of statute of limitations	(52,634)		—		(4,584)		(19,568)


Balance, end of the period	$	232,004	$	264,323	$	264,810	$	168,062

The total gross unrecognized tax benefit ending balance as of June 30, 2022, June 30, 2021, April 30, 2021 and April 30, 2020, includes $203.7 million, $224.5 million, $214.9 million and $132.3 million, respectively, which if recognized, would impact our effective tax rate. The difference from the gross unrecognized tax benefits recorded and those in the table above results from the requirement to adjust the gross balances for such items as federal, state and foreign deferred items and deductible interest and taxes. Reductions from prior year are primarily related to expirations of statute of limitations and settlements with taxing authorities.

We believe it is reasonably possible that the balance of unrecognized tax benefits could decrease by approximately $33.6 million within the next twelve months. The anticipated decrease is due to the expiration of statutes of limitations, anticipated closure of various tax matters currently under examination, and settlements

with tax authorities. For such matters where a change in the balance of unrecognized tax benefits is not yet deemed reasonably possible, no estimate has been included. Interest and penalties, if any, accrued on the unrecognized tax benefits are reflected in income tax expense. The total gross interest and penalties accrued as of June 30, 2022, June 2021 and April 30, 2021 totaled $22.7 million, $26.4 million and $24.9 million, respectively.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Revenue from Contract with Customer [Abstract]

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 10: COMMITMENTS AND CONTINGENCIES Assisted tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client for penalties and interest attributable to an H&R Block error on a return. DIY tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client up to a maximum of $10,000, if our software makes an arithmetic error that results in payment of penalties and/or interest to the IRS that a client would otherwise not have been required to pay. Our liability related to estimated losses under the 100% accuracy guarantee was $14.0 million, $12.6 million and $12.2 million as of June 30, 2022, June 30, 2021 and April 30, 2021, respectively. The short-term and long-term portions of this liability are included in deferred revenue and other liabilities in the consolidated balance sheets. Liabilities related to acquisitions for (1) estimated contingent consideration based on expected financial performance of the acquired business and economic conditions at the time of acquisition and (2) estimated accrued compensation related to continued employment of key employees were $12.9 million, $17.3 million and $17.6 million as of June 30, 2022, June 30, 2021 and April 30, 2021, respectively, with amounts recorded in deferred revenue and other liabilities. These liabilities will be settled within the next nine years. Should actual results differ from our estimates, future payments made will differ from the above estimate and any differences will be recorded in results from continuing operations. We have contractual commitments to fund certain franchises with approved revolving lines of credit. Our total obligation under these lines of credit was $0.6 million as of June 30, 2022, and net of amounts drawn and outstanding, our remaining commitment to fund totaled $0.2 million. In March 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide economic and other relief as a result of the COVID-19 pandemic. The CARES Act includes, among other items, provisions relating to refundable employee retention payroll tax credits. Due to the complex nature of the employee retention credit computations, any benefits we may receive are uncertain and may significantly differ from our current estimates. We plan to record any benefit related to these credits upon both the receipt of the benefit and the resolution of the uncertainties, including, but not limited to, the completion of any potential audit or examination, or the expiration of the related statute of limitations. During the year ended June 30, 2022, we received $7.3 million related to these credits, recognized $2.2 million as an offset to related operating expenses, and we have deferred recognition of $5.1 million, which is recorded in deferred revenue and other current liabilities. We are self-insured for certain risks, including, employer provided medical benefits, workers' compensation, property and casualty, tax errors and omissions, and claims related to POM. These programs maintain various self-insured retentions. For all but POM in company-owned offices and employer provided medical benefits, commercial insurance is purchased in excess of the self-insured retentions. We accrue estimated losses for self-insured retentions using actuarial models and assumptions based on historical loss experience. We have a deferred compensation plan that permits certain employees to defer portions of their compensation and accrue income on the deferred amounts. Included in deferred revenue and other liabilities is $10.5 million, $14.7 million and $15.0 million as of June 30, 2022, June 30, 2021 and April 30, 2021, respectively, reflecting our obligation under these plans. Emerald Advances are originated by Pathward, and pursuant to our participation agreement, we purchase a 90% participation interest in each advance made by Pathward. See note 4 for additional information about these balances. Refund Advance loans are originated by Pathward and offered to certain assisted U.S. tax preparation clients, based on client eligibility as determined by Pathward. We pay fees primarily based on loan size and customer type. We have provided a guarantee up to $18.0 million related to certain loans to clients prior to the IRS accepting electronic filing. We accrued an estimated liability of $0.6 million at June 30, 2022 related to this guarantee. As of June 30, 2021 and April 30, 2021 we had $2.6 million accrued under the RA guarantee agreement, and we paid $2.6 million, net of recoveries, related to that guarantee during the fiscal year ended June 30, 2022. We offer POM to U.S. and Canadian clients, whereby we (1) represent our clients if they are audited by a taxing authority, and (2) assume the cost, subject to certain limits, of additional taxes owed by a client resulting from errors attributable to H&R Block. The additional taxes paid under POM have a cumulative limit of $6,000 for U.S. clients and $3,000 CAD for Canadian clients with respect to the federal, state/provincial and local tax returns we prepared for applicable clients during the taxable year protected by POM. A loss on POM would be recognized if the sum of expected costs for services exceeded unearned revenue.

Leases

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

NOTE 11: LEASES

Our lease costs and other information related to operating leases consisted of the following:


										(dollars in 000s)
	Year Ended June 30, 2022			Two Months Ended June 30, 2021 (Transition Period)			Year Ended April 30, 2021			Year Ended April 30, 2020

Operating lease costs	$	233,004		$	36,853		$	239,357		$	242,314
Variable lease costs	79,923			14,359			77,758			71,319
Subrental income	(520)			(52)			(650)			(1,277)
Total lease costs	$	312,407		$	51,160		$	316,465		$	312,356
Cash paid for operating lease costs	$	236,946		$	35,394		$	240,299		$	223,080
New operating right of use assets and related lease liabilities(1)	$	222,352		$	48,307		$	167,827		$	345,079
Weighted-average remaining operating lease term (years)	2			2			3			3
Weighted-average operating lease discount rate	2.8		%	2.9		%	3.0		%	3.3		%

(1) The new operating right of use assets and related lease liabilities for the year ended April 30, 2020 excludes the initial impacts of the adoption of Accounting Standards Update No. 2016-02, “Leases.”

Aggregate operating lease maturities as of June 30, 2022 are as follows:


	(in 000s)

2023	$	215,348
2024	135,018
2025	70,634
2026	17,190
2027	7,662
2028 and thereafter	3,654
Total future undiscounted operating lease payments	449,506
Less imputed interest	(13,788)
Total operating lease liabilities	$	435,718

Litigation And Other Related Contingencies	12 Months Ended
Litigation And Other Related Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Litigation And Other Related Contingencies	NOTE 12: LITIGATION AND OTHER RELATED CONTINGENCIES We are a defendant in numerous litigation and arbitration matters, arising both in the ordinary course of business and otherwise, including as described below. The matters described below are not all of the lawsuits or arbitrations to which we are subject. In some of the matters, very large or indeterminate amounts, including punitive damages, may be sought. U.S. jurisdictions permit considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction for similar matters. We believe that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value due to this variability in pleadings and our experience in handling and resolving numerous claims over an extended period of time. The outcome of a matter and the amount or range of potential loss at particular points in time may be difficult to ascertain. Among other things, uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness testimony, and how courts and arbitrators will apply the law. Disposition valuations are also subject to the uncertainty of how opposing parties and their counsel will view the relevant evidence and applicable law. In addition to litigation and arbitration matters, we are also subject to other loss contingencies arising out of our business activities, including as described below. We accrue liabilities for litigation, arbitration and other related loss contingencies and any related settlements when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. If a range of loss is estimated, and some amount within that range appears to be a better estimate than any other amount within that range, then that amount is accrued. If no amount within the range can be identified as a better estimate than any other amount, we accrue the minimum amount in the range. For such matters where a loss is believed to be reasonably possible, but not probable, or the loss cannot be reasonably estimated, no accrual has been made. It is possible that such matters could require us to pay damages or make other expenditures or accrue liabilities in amounts that could not be reasonably estimated as of June 30, 2022. While the potential future liabilities could be material in the particular quarterly or annual periods in which they are recorded, based on information currently known, we do not believe any such liabilities are likely to have a material adverse effect on our business and our consolidated financial position, results of operations, and cash flows. As of June 30, 2022, June 30, 2021 and April 30, 2021 our total accrued liabilities were $1.7 million, $1.6 million and $5.5 million, respectively. Our estimate of the aggregate range of reasonably possible losses includes (1) matters where a liability has been accrued and there is a reasonably possible loss in excess of the amount accrued for that liability, and (2) matters where a liability has not been accrued but we believe a loss is reasonably possible. This aggregate range only represents those losses as to which we are currently able to estimate a reasonably possible loss or range of loss. It does not represent our maximum loss exposure. Matters for which we are not currently able to estimate the reasonably possible loss or range of loss are not included in this range. We are often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the reasonably possible loss or range of loss, such as precise information about the amount of damages or other remedies being asserted, the defenses to the claims being asserted, discovery from other parties and investigation of factual allegations, rulings by courts or arbitrators on motions or appeals, analyses by experts, or the status or terms of any settlement negotiations. The estimated range of reasonably possible loss is based upon currently available information and is subject to significant judgment and a variety of assumptions, as well as known and unknown uncertainties. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from the current estimate. As of June 30, 2022, we believe the estimate of the aggregate range of reasonably possible losses in excess of amounts accrued, where the range of loss can be estimated, is not material. At the end of each reporting period, we review relevant information with respect to litigation, arbitration and other related loss contingencies and update our accruals, disclosures, and estimates of reasonably possible loss or range of loss based on such reviews. Costs incurred with defending matters are expensed as incurred. Any receivable for insurance recoveries is recorded separately from the corresponding liability, and only if recovery is determined to be probable and reasonably estimable. We believe we have meritorious defenses to the claims asserted in the various matters described in this note, and we intend to defend them vigorously. The amounts claimed in the matters are substantial, however, and there can be no assurances as to their outcomes. In the event of unfavorable outcomes, it could require modifications to our operations; in addition, the amounts that may be required to be paid to discharge or settle the matters could be substantial and could have a material adverse impact on our business and our consolidated financial position, results of operations, and cash flows. LITIGATION, CLAIMS OR OTHER LOSS CONTINGENCIES PERTAINING TO CONTINUING OPERATIONS – Free File Litigation. On May 6, 2019, the Los Angeles City Attorney filed a lawsuit on behalf of the People of the State of California in the Superior Court of California, County of Los Angeles (Case No. 19STCV15742). The case is styled The People of the State of California v. HRB Digital LLC, et al. The complaint alleges that H&R Block, Inc. and HRB Digital LLC engaged in unfair, fraudulent and deceptive business practices and acts in connection with the IRS Free File Program in violation of the California Unfair Competition Law, California Business and Professions Code §§17200 et seq. The complaint seeks injunctive relief, restitution of monies paid to H&R Block by persons in the State of California who were eligible to file under the IRS Free File Program for the time period starting 4 years prior to the date of the filing of the complaint, pre-judgment interest, civil penalties and costs. The City Attorney subsequently dismissed H&R Block, Inc. from the case and amended its complaint to add HRB Tax Group, Inc. We filed a motion to stay the case based on the primary jurisdiction doctrine, which was denied. A trial date is set for January 17, 2023. We have not concluded that a loss related to this matter is probable, nor have we accrued a liability related to this matter. We have also received and are responding to certain governmental inquiries relating to the IRS Free File Program. DISCONTINUED MORTGAGE OPERATIONS – Although SCC ceased its mortgage loan origination activities in December 2007 and sold its loan servicing business in April 2008, SCC or the Company has been and may in the future be subject to litigation and other loss contingencies, including indemnification and contribution claims, pertaining to SCC's mortgage business activities that occurred prior to such termination and sale. Parties, including underwriters, depositors, and securitization trustees, have been, remain, or may in the future be, involved in lawsuits, threatened lawsuits, or settlements related to securitization transactions in which SCC participated. A variety of claims are alleged in these matters, including violations of federal and state securities laws and common law fraud, breaches of representations and warranties, or violations of statutory requirements. SCC has received notices of potential indemnification or contribution obligations relating to such matters. Additional lawsuits against the parties to the securitization transactions may be filed in the future, and SCC may receive additional notices of potential indemnification, contribution or similar obligations with respect to existing or new lawsuits or settlements of such lawsuits or other claims. We have not concluded that a loss related to any of these potential indemnification or contribution claims is probable, nor have we accrued a liability related to any of these claims. It is difficult to predict either the likelihood of new matters being initiated or the outcome of existing matters. In many of these matters it is not possible to estimate a reasonably possible loss or range of loss due to, among other things, the inherent uncertainties involved in these matters and the indeterminate damages sought. If the amount that SCC is ultimately required to pay with respect to loss contingencies, together with payment of SCC's related administration and legal expense, exceeds SCC's net assets, the creditors of SCC, other potential claimants, or a bankruptcy trustee if SCC were to file or be forced into bankruptcy, may attempt to assert claims against us for payment of SCC's obligations. Claimants also may attempt to assert claims against or seek payment directly from the Company even if SCC's assets exceed its liabilities. SCC's principal assets, as of June 30, 2022, total approximately $264 million and consist of an intercompany note receivable. We believe our legal position is strong on any potential corporate veil-piercing arguments; however, if this position is challenged and not upheld, it could have a material adverse effect on our business and our consolidated financial position, results of operations, and cash flows. OTHER — We are from time to time a party to litigation, arbitration and other loss contingencies not discussed herein arising out of our business operations. These matters may include actions by state attorneys general, other state regulators, federal regulators, individual plaintiffs, and cases in which plaintiffs seek to represent others who may be similarly situated. While we cannot provide assurance that we will ultimately prevail in each instance, we believe the amount, if any, we are required to pay to discharge or settle these other matters will not have a material adverse impact on our business and our consolidated financial position, results of operations, and cash flows.

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
Summary Of Significant Accounting Policies (Policy)	Jun. 30, 2022
Accounting Policies [Abstract]
Principles Of Consolidation	PRINCIPLES OF CONSOLIDATION – The consolidated financial statements include the accounts of the Company and our subsidiaries. Intercompany transactions and balances have been eliminated.
Discontinued Operations	DISCONTINUED OPERATIONS – Our discontinued operations include the results of operations of Sand Canyon Corporation, previously known as Option One Mortgage Corporation (including its subsidiaries, collectively, SCC), which exited its mortgage business in fiscal year 2008. See note 12 for additional information on loss contingencies related to our discontinued operations.
Management Estimates	MANAGEMENT ESTIMATES – The preparation of financial statements in conformity with accounting principles generally accepted in the 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, assumptions and judgments are applied in the evaluation of contingent losses arising from our discontinued mortgage business, contingent losses associated with pending claims and litigation, reserves for uncertain tax positions, and fair value of reporting units. Estimates have been prepared based on the best information available as of each balance sheet date. As such, actual results could differ materially from those estimates.CHANGE IN FISCAL YEAR END – On June 9, 2021, the Board of Directors approved a change of the Company's fiscal year end from April 30 to June 30. The Company's 2022 fiscal year began on July 1, 2021 and ended on June 30, 2022. As a result of this change, the Company filed a Transition Report on Form 10-Q that included financial information for the transition period from May 1, 2021 to June 30, 2021 (Transition Period).
Cash And Cash Equivalents	CASH AND CASH EQUIVALENTS – All non-restricted highly liquid instruments purchased with an original maturity of three months or less are considered to be cash equivalents.
Cash And Cash Equivalents - Restricted	CASH AND CASH EQUIVALENTS – RESTRICTED – Cash and cash equivalents – restricted consists primarily of cash held by our captive insurance subsidiary that is expected to be used to pay claims.
Receivables And Related Allowances	RECEIVABLES AND RELATED ALLOWANCES – Our trade receivables consist primarily of accounts receivable from tax clients for tax return preparation and related fees. The allowance for doubtful accounts for these receivables requires management's judgment regarding collectibility and current economic conditions to establish an amount considered by management to be adequate to cover estimated losses as of the balance sheet date. Losses from tax clients for tax return preparation and related fees are not specifically identified and charged off; instead they are evaluated on a pooled basis. At the end of the fiscal year the outstanding balances on these receivables are evaluated based on collections received and expected collections over subsequent tax seasons. We establish an allowance for doubtful accounts at an amount that we believe represents the net realizable value. In December of each year we charge-off the receivables to an amount we believe represents the net realizable value.Our financing receivables consist primarily of participations in H&R Block Emerald Advance® lines of Credit (EAs), loans made to franchisees, and amounts due under H&R Block's Instant RefundSM (Instant Refund).
Property And Equipment	PROPERTY AND EQUIPMENT – Buildings, equipment and leasehold improvements are initially recorded at cost and are depreciated over the estimated useful life of the assets using the straight-line method. Estimated useful lives are generally 15 to 40 years for buildings, two to five years for computers and other equipment, three to five years for purchased software and up to eight years for leasehold improvements.
Goodwill And Intangible Assets	GOODWILL AND INTANGIBLE ASSETS – Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not amortized, but rather is tested for impairment annually during our third quarter, or more frequently if indications of potential impairment exist. Intangible assets, including internally-developed software, with finite lives are amortized over their estimated useful lives and are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Intangible assets are typically amortized over the estimated useful life of the assets using the straight-line method. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If, based on a review of qualitative factors, it is more likely than not that the fair value of a reporting unit is less than its carrying value, we perform a quantitative analysis. If the quantitative analysis indicates the carrying value of a reporting unit exceeds its fair value, we measure any goodwill impairment losses as the amount by which the carrying amount of a reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to that reporting unit. See additional discussion in note 6.
Leases	LEASES – Operating lease right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. The majority of our lease portfolio consists of retail office space in the U.S., Canada, and Australia. The contract terms for these retail offices generally are from May 1 to April 30, and generally run two to five years. We record operating lease ROU assets and operating lease liabilities based on the discounted future minimum lease payments over the term of the lease. We generally do not include renewal options in the term of the lease. As the rates implicit in our leases are not readily determinable, we use our incremental borrowing rate based on the lease term and geographic location in calculating the discounted future minimum lease payments. We recognize lease expenses for our operating leases on a straight-line basis. For lease payments that are subject to adjustments based on indexes or rates, the most current index or rate adjustments were included in the measurement of our ROU assets and lease liabilities at commencement of the lease. Variable lease costs, including non-lease components (such as common area maintenance, utilities, insurance, and taxes) and certain index-based changes in lease payments, are expensed as incurred. Our ROU assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.
Treasury Shares	TREASURY SHARES – We record shares of common stock repurchased by us as treasury shares, at cost, resulting in a reduction of stockholders' equity. Periodically, we may retire shares held in treasury as determined by our Board of Directors. We typically reissue treasury shares as part of our stock-based compensation programs. When shares are reissued, we determine the cost using the average cost method.
Fair Value Measurement	FAIR VALUE MEASUREMENT – We use the following classification of financial instruments pursuant to the fair value hierarchy methodologies for assets measured at fair value: ▪Level 1 – inputs to the valuation are quoted prices in an active market for identical assets. ▪Level 2 – inputs to the valuation include quoted prices for similar assets in active markets utilizing a third-party pricing service to determine fair value. ▪Level 3 – valuation is based on significant inputs that are unobservable in the market and our own estimates of assumptions that we believe market participants would use in pricing the asset. Assets measured on a recurring basis are initially measured at fair value and are required to be remeasured at fair value in the financial statements at each reporting date. Fair value estimates, methods and assumptions are set forth below. The fair value was not estimated for assets and liabilities that are not considered financial instruments. ▪Cash and cash equivalents, including restricted - Fair value approximates the carrying amount (Level 1). ▪Receivables, net - short-term - For short-term balances the carrying values reported in the balance sheet approximate fair market value due to the relative short-term nature of the respective instruments (Level 1). ▪Receivables, net - long-term - The carrying values for the long-term portion of loans to franchisees approximate fair market value due to variable interest rates, low historical delinquency rates and franchise territories serving as collateral (Level 1). Long-term EA, Refund Transfer (RT) and Instant Refund receivables are carried at net realizable value which approximates fair value (Level 3). Net realizable value is determined based on historical and projected collection rates. ▪Long-term debt - The fair value of our Senior Notes is based on quotes from multiple banks (Level 2). See note 7 for fair value. ▪Contingent consideration - Fair value approximates the carrying amount (Level 3). See note 10 for the carrying amount.
Revenue Recognition	REVENUE RECOGNITION – Revenue is recognized upon satisfaction of performance obligations by the transfer of a product or service to the customer. Revenue is the amount of consideration we expect to receive for our services and products and excludes sales taxes. The majority of our services and products have multiple performance obligations. We have certain services for which, the various performance obligations are generally provided simultaneously at a point in time, and revenue is recognized at that time. We have certain services and products where we have multiple performance obligations that are provided at various points in time. For these services and products, we allocate the transaction price to the various performance obligations based on relative standalone selling prices and recognize the revenue when the respective performance obligations have been satisfied. We have determined that our contracts do not contain a significant financing component. Service revenues consist of assisted and online tax preparation revenues, fees for electronic filing, revenues from RTs, Emerald Card, Peace of Mind® (POM), Tax Identity Shield (TIS) and Wave. Assisted tax preparation services include tax preparation and electronic filing or printing of the completed tax return. Revenues from tax preparation and printing for clients that choose to print and mail their returns, are recognized when a completed return is accepted by the customer. Revenues for electronic filing are recognized when the return is electronically filed. Royalties are based on contractual percentages of franchise gross receipts and are generally recorded in the period in which the services are provided by the franchisee to the customer. DIY tax preparation services includes fees for online and desktop tax preparation software and for electronic filing or printing. Revenues for online software and printing for clients that choose to print and mail their returns, are recognized when the customer uses the software to complete a return. Revenues for desktop software are recognized when the software is sold to the end user. Revenues for electronic filing are recognized when the return is electronically filed. Refund Transfer revenues are recognized when the IRS filing acknowledgment is received and the bank account is established at our bank partner, PathwardTM, N.A., formerly known as MetaBank®, N.A. (Pathward), a wholly-owned subsidiary of Pathward Financial, Inc. (formerly known as Meta Financial Group, Inc.). Emerald Card® revenues consist of interchange income from the use of debit cards and fees paid by cardholders. Interchange income is a fee paid by merchants to our bank partner through the interchange network. Revenue associated with our Emerald Card® is recognized based on authorization of cardholder transactions. Peace of Mind® Extended Service Plan revenues are initially deferred and recognized over the term of the plan, based on the historical pattern of actual claims paid, as claims paid represent the transfer of POM services to the customer. The plan is effective for the life of the tax return, which can be up to six years; however, the majority of claims are incurred in years two and three after the sale of POM. POM has multiple performance obligations where we represent our clients if they are audited by a taxing authority, and assume the cost, subject to certain limits, of additional taxes owed by a client resulting from errors attributable to H&R Block. Incremental wages are also deferred and recognized over the term of the plan, in conjunction with the revenues earned. Tax Identity Shield® revenues are initially deferred and are recognized as the various services are provided to the client, either by us or a third party, throughout the term of the contract, which generally ends on April 30th of the following year. TIS has multiple performance obligations where we provide clients assistance in helping protect their tax identity and access to services to help restore their tax identity, if necessary. Protection services include a daily scan of the dark web for personal information, a monthly scan for the client's social security number in credit header data, notifying clients if their information is detected on a tax return filed through H&R Block, and obtaining additional IRS identity protections when eligible. Interest and fee income on Emerald AdvanceSM lines of credit is recorded over the life of the underlying loan. Wave® revenues primarily consist of fees received to process payment transactions and are generally calculated as a percentage of the transaction amounts processed. Revenues are recognized upon authorization of the transaction.
Marketing and Advertising Expense	MARKETING AND ADVERTISING – Advertising costs for radio and television ads are expensed over the course of the tax season, with online, print and mailing advertising expensed as incurred.
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS – We have a 401(k) defined contribution plan covering eligible full-time and seasonal employees following the completion of an eligibility period. Employer contributions to this plan are discretionary and totaled $25.1 million, $26.6 million and $18.8 million for continuing operations for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020, respectively, and $3.4 million for the Transition Period.We have severance plans covering executives and eligible regular full-time or part-time active employees who incur a qualifying termination.
Foreign Currency Transactions and Translations Policy	FOREIGN CURRENCY – The financial statements of the Company’s foreign operations are translated into U.S. dollars. Assets and liabilities are translated at current exchange rates as of the balance sheet date, equity accounts at historical exchange rates, while income statement accounts are translated at the average rates in effect during the year. Translation adjustments are not included in net income, but are recorded as a separate component of other comprehensive income in stockholders' equity.

Revenue Recognition (Tables)

12 Months Ended

Jun. 30, 2022

Disaggregation of Revenue

The following table disaggregates our U.S. tax services revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:


							(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Revenues:
U.S. assisted tax preparation	$	2,094,612	$	259,527	$	2,035,107	$	1,533,303
U.S. royalties	225,242		29,659		226,253		193,411
U.S. DIY tax preparation	319,086		76,106		313,055		208,901
International	231,335		22,071		249,868		180,065
Refund Transfers	162,893		14,269		163,329		154,687
Emerald Card®	125,444		19,193		136,717		92,737
Peace of Mind® Extended Service Plan	94,637		20,231		98,882		105,185
Tax Identity Shield®	39,114		3,928		40,624		31,797
Interest and fee income on Emerald AdvanceSM	43,981		299		53,430		60,867
Wave	80,965		12,481		58,277		36,711
Other	45,961		8,342		38,445		42,056
Total revenues	$	3,463,270	$	466,106	$	3,413,987	$	2,639,720

Changes in Balances of Deferred Revenue and Wages

Changes in the balances of deferred revenue for POM are as follows:


							(in 000s)
	POM Deferred Revenue
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	172,759	$	183,871	$	183,685	$	212,511
Amounts deferred	110,679		12,464		115,114		95,032
Amounts recognized on previous deferrals	(109,952)		(23,576)		(114,928)		(123,858)
Balance, end of the period	$	173,486	$	172,759	$	183,871	$	183,685

Changes in the balances of deferred wages for POM are as follows:


							(in 000s)
	POM Deferred Wages
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	17,867	$	20,169	$	21,618	$	27,306
Amounts deferred	12,668		8		11,367		10,708
Amounts recognized on previous deferrals	(11,040)		(2,310)		(12,816)		(16,396)
Balance, end of the period	$	19,495	$	17,867	$	20,169	$	21,618

Earnings Per Share (Tables)

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Computations Of Basic And Diluted Earnings Per Share

The computations of basic and diluted earnings (loss) per share from continuing operations are as follows:


(in 000s, except per share amounts)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Net income from continuing operations attributable to shareholders	$	560,646	$	91,119	$	590,212	$	6,156
Amounts allocated to participating securities	(2,468)		(402)		(2,413)		(639)
Net income from continuing operations attributable to common shareholders	$	558,178	$	90,717	$	587,799	$	5,517

Basic weighted average common shares	168,519		181,473		186,832		196,701
Potential dilutive shares	2,916		3,389		1,945		1,407
Dilutive weighted average common shares	171,435		184,862		188,777		198,108
Earnings per share from continuing operations attributable to common shareholders:
Basic	$	3.31	$	0.50	$	3.15	$	0.03
Diluted	3.26		0.49		3.11		0.03

Receivables (Tables)

12 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Schedule Of Short-Term Receivables

Receivables, net of their related allowance, consist of the following:


(in 000s)
As of	June 30, 2022				June 30, 2021				April 30, 2021
	Short-term		Long-term		Short-term		Long-term		Short-term		Long-term
Loans to franchisees	$	6,194	$	22,036	$	9,497	$	28,026	$	16,666	$	28,909
Receivables for U.S. assisted and DIY tax preparation and related fees	18,893		2,560		41,900		3,793		92,531		3,793
H&R Block's Instant RefundSM receivables	3,491		198		2,357		159		35,665		1,463
H&R Block Emerald Advance® lines of credit	6,691		8,825		8,248		8,089		9,210		17,095
Software receivables from retailers	3,992		—		2,910		—		4,823		—
Royalties and other receivables from franchisees	3,682		73		6,167		178		16,136		196
Wave payment processing receivables	1,393		—		2,187		—		1,569		—
Other	14,111		1,172		15,666		1,350		21,276		1,233


	$	58,447	$	34,864	$	88,932	$	41,595	$	197,876	$	52,689

Schedule Of Receivables Based On Year Of Origination

Current balances and amounts on non-accrual status and classified as impaired, or more than 60 days past due, by tax return year of origination, as of June 30, 2022 are as follows:


			(in 000s)

Tax return year of origination	Current Balance		More Than 60 Days Past Due

2021	$	4,997	$	2,903
2020 and prior	131		131

	5,128		$	3,034
Allowance	(1,439)
Net balance	$	3,689

Current balances and amounts on non-accrual status and classified as impaired, or more than 60 days past due, by fiscal year of origination as of June 30, 2022, are as follows:


			(in 000s)

Fiscal year of origination	Current Balance		Non-Accrual

2022	$	26,040	$	26,040
2021 and prior	458		458

Revolving loans	15,159		12,867
	41,657		$	39,365
Allowance	(26,141)
Net balance	$	15,516

Schedule Of Activity In The Allowance For Doubtful Accounts

Activity in the allowance for credit losses for EAs and all other short-term and long-term receivables for the periods ended June 30, 2022, June 30, 2021, April 30, 2021 and April 30, 2020 is as follows:


(in 000s)
	EAs		All Other		Total
Balances as of May 1, 2019	$	27,535	$	53,938	$	81,473
Provision	21,771		54,850		76,621
Charge-offs, recoveries and other	(17,272)		(58,342)		(75,614)
Balances as of April 30, 2020	$	32,034	$	50,446	$	82,480
Provision	14,319		59,132		73,451
Charge-offs, recoveries and other	(18,649)		(53,774)		(72,423)
Balances as of April 30, 2021	27,704		55,804		83,508
Provision	—		4,617		4,617
Charge-offs, recoveries and other	—		(149)		(149)
Balances as of June 30, 2021	27,704		60,272		87,976
Provision	14,814		51,993		66,807
Charge-offs, recoveries and other	(16,377)		(61,139)		(77,516)
Balances as of June 30, 2022	$	26,141	$	51,126	$	77,267

Property And Equipment (Tables)

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Components Of Property And Equipment

The components of property and equipment, net of accumulated depreciation and amortization, are as follows:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Buildings	$	34,303	$	42,379	$	44,121
Computers and other equipment	48,837		57,560		62,712
Leasehold improvements	38,142		35,768		37,772
Purchased software	1,253		2,192		2,508

Land and other non-depreciable assets	1,377		1,377		1,377
	$	123,912	$	139,276	$	148,490

Goodwill And Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill

Changes in the carrying amount of goodwill for the periods ended June 30, 2022, June 30, 2021, April 30, 2021 and April 30, 2020 are as follows:


(in 000s)
	Goodwill		Accumulated Impairment Losses		Net
Balances as of May 1, 2019	$	552,234	$	(32,297)	$	519,937
Acquisition of Wave	300,560		—		300,560
Other acquisitions	23,795		—		23,795
Disposals and foreign currency changes, net	(26,154)		—		(26,154)
Impairments	—		(106,000)		(106,000)
Balances as of April 30, 2020	850,435		(138,297)		712,138
Acquisitions	6,948		—		6,948
Disposals and foreign currency changes, net	38,573		—		38,573
Impairments	—		—		—
Balances as of April 30, 2021	895,956		(138,297)		757,659
Acquisitions	166		—		166
Disposals and foreign currency changes, net	(3,304)		—		(3,304)
Impairments	—		—		—
Balances as of June 30, 2021	892,818		(138,297)		754,521
Acquisitions	18,696		—		18,696
Disposals and foreign currency changes, net	(12,816)		—		(12,816)
Impairments	—		—		—
Balances as of June 30, 2022	$	898,698	$	(138,297)	$	760,401

Schedule Of Intangible Assets

Components of intangible assets are as follows:


(in 000s)
	Gross Carrying Amount		Accumulated Amortization		Net
As of June 30, 2022:
Reacquired franchise rights	$	379,114	$	(197,068)	$	182,046
Customer relationships	331,020		(278,717)		52,303
Internally-developed software	137,638		(107,111)		30,527
Noncompete agreements	41,789		(37,684)		4,105
Franchise agreements	19,201		(17,388)		1,813
Purchased technology	122,700		(87,910)		34,790
Trade name	5,800		(1,740)		4,060
	$	1,037,262	$	(727,618)	$	309,644
As of June 30, 2021:
Reacquired franchise rights	$	370,405	$	(182,366)	$	188,039
Customer relationships	316,547		(255,294)		61,253
Internally-developed software	160,315		(119,460)		40,855
Noncompete agreements	41,228		(35,802)		5,426
Franchise agreements	19,201		(16,108)		3,093
Purchased technology	122,700		(74,913)		47,787
Trade name	5,800		(1,160)		4,640
	$	1,036,196	$	(685,103)	$	351,093
As of April 30, 2021:
Reacquired franchise rights	$	370,112	$	(179,356)	$	190,756
Customer relationships	316,508		(251,160)		65,348
Internally-developed software	156,308		(116,126)		40,182
Noncompete agreements	41,212		(35,484)		5,728
Franchise agreements	19,201		(15,894)		3,307
Purchased technology	122,700		(72,609)		50,091
Trade name	5,800		(1,064)		4,736
	$	1,031,841	$	(671,693)	$	360,148

Schedule Of Values and Weighted-average Lives of Assets Acquired

Components of intangible assets are as follows:


(in 000s)
	Gross Carrying Amount		Accumulated Amortization		Net
As of June 30, 2022:
Reacquired franchise rights	$	379,114	$	(197,068)	$	182,046
Customer relationships	331,020		(278,717)		52,303
Internally-developed software	137,638		(107,111)		30,527
Noncompete agreements	41,789		(37,684)		4,105
Franchise agreements	19,201		(17,388)		1,813
Purchased technology	122,700		(87,910)		34,790
Trade name	5,800		(1,740)		4,060
	$	1,037,262	$	(727,618)	$	309,644
As of June 30, 2021:
Reacquired franchise rights	$	370,405	$	(182,366)	$	188,039
Customer relationships	316,547		(255,294)		61,253
Internally-developed software	160,315		(119,460)		40,855
Noncompete agreements	41,228		(35,802)		5,426
Franchise agreements	19,201		(16,108)		3,093
Purchased technology	122,700		(74,913)		47,787
Trade name	5,800		(1,160)		4,640
	$	1,036,196	$	(685,103)	$	351,093
As of April 30, 2021:
Reacquired franchise rights	$	370,112	$	(179,356)	$	190,756
Customer relationships	316,508		(251,160)		65,348
Internally-developed software	156,308		(116,126)		40,182
Noncompete agreements	41,212		(35,484)		5,728
Franchise agreements	19,201		(15,894)		3,307
Purchased technology	122,700		(72,609)		50,091
Trade name	5,800		(1,064)		4,736
	$	1,031,841	$	(671,693)	$	360,148

The amounts and weighted-average lives of assets acquired during fiscal year 2022, including amounts capitalized related to internally-developed software, are as follows:


(dollars in 000s)
	Amount		Weighted-Average Life (in years)
Internally-developed software	$	10,919	3
Customer relationships	16,179		5
Reacquired franchise rights	9,081		4
Noncompete agreements	600		5
Total	$	36,779	4

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The assets acquired, net of liabilities assumed on the acquisition date, and the identified intangible assets and goodwill, are as follows:


(dollars in 000s)
	Amount Acquired		Weighted-Average Life (in years)
Assets acquired and liabilities assumed, net	$	3,928
Deferred tax liability	(8,126)
Purchased technology	68,000		10
Customer relationships	23,000		5
Non-compete agreements	7,070		5
Trade name	5,800		10
Total identifiable net assets	99,672
Goodwill (1)	300,560
Total identifiable assets and goodwill	$	400,232

(1) See discussion of Wave's goodwill impairment of $106.0 million in fiscal year 2020 above.

Long-Term Debt (Tables)

12 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Components Of Long-Term Debt

The components of long-term debt are as follows:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Senior Notes, 5.500%, due November 2022 (1)	—		500,000		500,000
Senior Notes, 5.250%, due October 2025 (1)	350,000		350,000		350,000
Senior Notes, 2.500%, due July 2028 (1)	500,000		500,000		—
Senior Notes, 3.875%, due August 2030 (1)	650,000		650,000		650,000

Debt issuance costs and discounts	(13,124)		(16,281)		(9,961)
Total long-term debt	1,486,876		1,983,719		1,490,039
Less: Current portion	—		—		—
Long-term portion	$	1,486,876	$	1,983,719	$	1,490,039

Estimated fair value of long-term debt	$	1,377,000	$	2,123,000	$	1,609,000

Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2022

Share-based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Stock-based compensation expense and related tax items are as follows:


							(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Stock based compensation expense	$	34,252	$	4,700	$	28,271	$	28,045
Tax benefit	6,494		1,016		1,802		7,175
Realized tax benefit	5,438		2,356		1,690		5,856

Schedule of Nonvested Share Activity

A summary of restricted share units and deferred stock units, including those that are performance-based, for the year ended June 30, 2022, is as follows:


(shares in 000s)
	Restricted Share Units and Deferred Stock Units			Performance-Based Share Units
	Shares	Weighted-Average Grant Date Fair Value		Shares	Weighted-Average Grant Date Fair Value
Outstanding, beginning of the year	2,012	$	21.84	1,973	$	23.49
Granted	1,158	27.30		576	27.94
Released	(897)	22.73		(478)	24.55
Forfeited	(303)	22.33		(153)	22.88
Outstanding, end of the year	1,970	$	24.40	1,918	$	23.79

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following assumptions were used to value performance-based share units using the Monte Carlo valuation model during the periods:


	Year Ended June 30, 2022		Year Ended April 30, 2021		Year Ended April 30, 2020

Expected volatility	23.19% - 88.48%		21.14% - 84.49%		13.47% - 66.33%
Expected term	3 years		3 years		3 years
Dividend yield (1)	0%		0% - 3.95%		0%-3.55%
Risk-free interest rate	0.37%		0.14% - 0.18%		1.70		%
Weighted-average fair value	$	27.07	$	16.74	$	32.01

(1)The valuation model assumes that dividends are reinvested by the Company on a continuous basis.

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule Of Components Of Income From Continuing Operations

The components of income (loss) from continuing operations upon which domestic and foreign income taxes have been provided are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Domestic	$	478,166	$	145,714	$	489,499	$	56,121
Foreign	180,903		(24,719)		179,237		(59,495)
	$	659,069	$	120,995	$	668,736	$	(3,374)

Schedule Of Effective Income Tax Rate Reconciliation

The reconciliation between the income tax provision and the amount computed by applying the statutory U.S. federal tax rate to income taxes for continuing operations is as follows:


	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

U.S. statutory tax rate	21.0	%	21.0	%	21.0	%	21.0	%
Change in tax rate resulting from:
State income taxes, net of federal income tax benefit	2.1	%	2.9	%	1.8	%	20.4	%
Earnings taxed in foreign jurisdictions	(2.4)	%	0.8	%	(1.2)	%	619.4	%
Permanent differences	0.9	%	0.4	%	0.5	%	(257.5)	%
Impairment of goodwill	—	%	—	%	—	%	(832.5)	%
Uncertain tax positions	(6.3)	%	2.9	%	7.5	%	508.3	%
U.S. tax on income from foreign affiliates	2.0	%	(1.6)	%	1.0	%	(247.4)	%
Remeasurement of deferred tax assets and liabilities	(0.2)	%	(1.0)	%	(0.1)	%	117.6	%
Changes in prior year estimates	0.1	%	—	%	(0.5)	%	55.5	%
Federal income tax credits	(2.6)	%	(0.5)	%	(0.9)	%	216.3	%

Tax impacts of stock-based compensation vesting	—	%	—	%	—	%	44.8	%

Tax benefit due to NOL carryback under CARES Act	(0.1)	%	—	%	(17.5)	%	—	%
Tax deductible write-down of foreign investment	0.6	%	(0.2)	%	(1.7)	%	—	%

Change in valuation allowance - domestic	0.2	%	—	%	(0.2)	%	37.1	%
Change in valuation allowance - foreign	(0.3)	%	0.3	%	1.7	%	20.6	%

Other	(0.1)	%	(0.3)	%	0.3	%	(41.2)	%
Effective tax rate	14.9	%	24.7	%	11.7	%	282.4	%

Schedule Of Components Of Income Tax Expense (Benefit) For Continuing Operations

The components of income tax expense (benefit) for continuing operations are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Current:
Federal	$	121,319	$	11,563	$	58,834	$	18,048
State	25,108		743		12,000		(16,614)
Foreign	8,956		(1,481)		26,032		1,991
	155,383		10,825		96,866		3,425
Deferred:
Federal	(58,487)		16,950		2,493		1,703
State	(2,016)		4,809		(11,368)		(1,516)
Foreign	3,543		(2,708)		(9,467)		(13,142)
	(56,960)		19,051		(18,342)		(12,955)
Total income taxes (benefit) for continuing operations	$	98,423	$	29,876	$	78,524	$	(9,530)

Schedule Of Deferred Tax Assets And Liabilities

The significant components of deferred tax assets and liabilities are reflected in the following table:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Deferred tax assets:
Accrued expenses	$	1,917	$	1,735	$	3,576
Deferred revenue	35,519		7,644		10,445
Allowance for credit losses and related reserves	30,565		34,411		33,027


Deferred and stock-based compensation	6,964		7,111		24,712
Net operating loss carry-forward	105,710		108,446		104,013
Lease liabilities	109,397		114,700		112,249
Federal tax benefits related to state unrecognized tax benefits	19,115		16,177		16,682
Property and equipment	9,846		35,712		40,138
Intangibles - intellectual property	77,123		85,374		86,711
Valuation allowance	(55,172)		(55,784)		(55,401)
Total deferred tax assets	340,984		355,526		376,152

Deferred tax liabilities:
Prepaid expenses and other	(4,723)		(9,033)		(11,927)
Lease right of use assets	(107,445)		(111,762)		(109,726)

Income tax method change	(5,892)		(56,249)		(56,257)
Intangibles	(59,424)		(71,941)		(72,650)
Total deferred tax liabilities	(177,484)		(248,985)		(250,560)

Net deferred tax assets	$	163,500	$	106,541	$	125,592

A reconciliation of the deferred tax assets and liabilities and the corresponding amounts reported in the consolidated balance sheets is as follows:


(in 000s)
As of	June 30, 2022		June 30, 2021		April 30, 2021
Deferred income tax assets	$	163,500	$	142,981	$	141,836
Deferred tax liabilities	—		(36,440)		(16,244)
Net deferred tax asset	$	163,500	$	106,541	$	125,592

Summary of Valuation Allowance

Changes in our valuation allowance for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 and for the Transition Period are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	55,784	$	55,401	$	45,124	$	47,070

Additions charged to costs and expenses	4,752		389		13,492		2,151

Deductions	(5,364)		(6)		(3,215)		(4,097)
Balance, end of the period	$	55,172	$	55,784	$	55,401	$	45,124

Schedule Of Reconciliation Of Unrecognized Tax Benefits

Changes in unrecognized tax benefits for fiscal years ended June 30, 2022, April 30, 2021 and April 30, 2020 and for the Transition Period are as follows:


(in 000s)
	Year Ended June 30, 2022		Two Months Ended June 30, 2021 (Transition Period)		Year Ended April 30, 2021		Year Ended April 30, 2020

Balance, beginning of the period	$	264,323	$	264,810	$	168,062	$	185,144
Additions based on tax positions related to prior years	2,499		485		121,364		1,501
Reductions based on tax positions related to prior years	(5,332)		(1,209)		(34,470)		(10,128)
Additions based on tax positions related to the current year	32,948		679		43,800		12,093
Reductions related to settlements with tax authorities	(9,800)		(442)		(29,362)		(980)
Expiration of statute of limitations	(52,634)		—		(4,584)		(19,568)


Balance, end of the period	$	232,004	$	264,323	$	264,810	$	168,062

Leases (Tables)

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease, Cost

ur lease costs and other information related to operating leases consisted of the following:


										(dollars in 000s)
	Year Ended June 30, 2022			Two Months Ended June 30, 2021 (Transition Period)			Year Ended April 30, 2021			Year Ended April 30, 2020

Operating lease costs	$	233,004		$	36,853		$	239,357		$	242,314
Variable lease costs	79,923			14,359			77,758			71,319
Subrental income	(520)			(52)			(650)			(1,277)
Total lease costs	$	312,407		$	51,160		$	316,465		$	312,356
Cash paid for operating lease costs	$	236,946		$	35,394		$	240,299		$	223,080
New operating right of use assets and related lease liabilities(1)	$	222,352		$	48,307		$	167,827		$	345,079
Weighted-average remaining operating lease term (years)	2			2			3			3
Weighted-average operating lease discount rate	2.8		%	2.9		%	3.0		%	3.3		%

Assets And Liabilities, Lessee

Lessee, Operating Lease, Liability, Maturity

Aggregate operating lease maturities as of June 30, 2022 are as follows:


	(in 000s)

2023	$	215,348
2024	135,018
2025	70,634
2026	17,190
2027	7,662
2028 and thereafter	3,654
Total future undiscounted operating lease payments	449,506
Less imputed interest	(13,788)
Total operating lease liabilities	$	435,718

Summary Of Significant Accounting Policies (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Summary Of Significant Accounting Policies [Line Items]
Book overdrafts included in accounts payable	$ 1,400	$ 2,700	$ 2,900
Marketing and advertising	11,900	284,200	262,000	$ 255,100
Defined contribution plan, cost	3,400	25,100	26,600	18,800
Expenses related to severance benefits	1,200	2,600	8,400	$ 2,500
Operating Lease, Right-of-Use Asset	$ 445,847	427,783	$ 437,246
Operating Lease, Liability		$ 435,718
Minimum
Summary Of Significant Accounting Policies [Line Items]
Term of lease		2 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Term of lease		5 years
Buildings \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		15 years
Buildings \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		40 years
Leasehold improvements \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		8 years
Purchased software \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		3 years
Purchased software \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		5 years
Computers and other equipment \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		2 years
Computers and other equipment \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		5 years

Revenue Recognition (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	2 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 466,106	$ 291,448	$ 3,463,270	$ 3,413,987	$ 2,639,720
U.S. assisted tax preparation
Disaggregation of Revenue [Line Items]
Revenues	259,527		2,094,612	2,035,107	1,533,303
U.S. royalties
Disaggregation of Revenue [Line Items]
Revenues	29,659		225,242	226,253	193,411
U.S. DIY tax preparation
Disaggregation of Revenue [Line Items]
Revenues	76,106		319,086	313,055	208,901
International
Disaggregation of Revenue [Line Items]
Revenues	22,071		231,335	249,868	180,065
Refund Transfers
Disaggregation of Revenue [Line Items]
Revenues	14,269		162,893	163,329	154,687
Emerald Card®
Disaggregation of Revenue [Line Items]
Revenues	19,193		125,444	136,717	92,737
Peace of Mind® Extended Service Plan
Disaggregation of Revenue [Line Items]
Revenues	20,231		94,637	98,882	105,185
Revenues from Tax Identity Shield®
Disaggregation of Revenue [Line Items]
Revenues	3,928		39,114	40,624	31,797
Interest and fee income on Emerald AdvanceSM
Disaggregation of Revenue [Line Items]
Revenues	299		43,981	53,430	60,867
Wave HQ Inc.
Disaggregation of Revenue [Line Items]
Revenues	12,481		80,965	58,277	36,711
Other
Disaggregation of Revenue [Line Items]
Revenues	$ 8,342		$ 45,961	$ 38,445	$ 42,056

Revenue Recognition (Changes in Balances of Deferred Revenue and Wages) (Details) - Peace of Mind Revenues [Member] - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Deferred Revenue
Movement in Deferred Revenue [Roll Forward]
Balance, beginning of the period	$ 183,871	$ 172,759	$ 183,685	$ 212,511
Amounts deferred	12,464	110,679	115,114	95,032
Amounts recognized on previous deferrals	(23,576)	(109,952)	(114,928)	(123,858)
Balance, end of the period	172,759	173,486	183,871	183,685
Deferred Wages
Movement in Deferred Revenue [Roll Forward]
Balance, beginning of the period	20,169	17,867	21,618	27,306
Amounts deferred	8	12,668	11,367	10,708
Amounts recognized on previous deferrals	(2,310)	(11,040)	(12,816)	(16,396)
Balance, end of the period	$ 17,867	$ 19,495	$ 20,169	$ 21,618

Revenue Recognition (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Peace of Mind® Extended Service Plan
Disaggregation of Revenue [Line Items]
Current deferred revenue	$ 102,500
Peace of Mind® Extended Service Plan \| Deferred Revenue
Disaggregation of Revenue [Line Items]
Deferred revenue	173,486	$ 172,759	$ 183,871	$ 183,685	$ 212,511
Revenues from Tax Identity Shield®
Disaggregation of Revenue [Line Items]
Current deferred revenue	$ 25,800	$ 28,300	$ 28,900
Expected timing of satisfaction, year	2023

Revenue Recognition (Additional Information) (Details)	12 Months Ended
Revenue Recognition (Additional Information) (Details)	Jun. 30, 2022
Peace of Mind® Extended Service Plan
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	5 years

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	2 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share [Abstract]
Net income from continuing operations attributable to shareholders	$ 91,119	$ (9,127)	$ 560,646	$ 590,212	$ 6,156
Amounts allocated to participating securities	(402)		(2,468)	(2,413)	(639)
Net income from continuing operations attributable to common shareholders	$ 90,717		$ 558,178	$ 587,799	$ 5,517
Basic weighted average common shares (in shares)	181,473		168,519	186,832	196,701
Potential dilutive shares (in shares)	3,389		2,916	1,945	1,407
Dilutive weighted average common shares (in shares)	184,862		171,435	188,777	198,108
Earnings per share from continuing operations attributable to common shareholders:
Basic (in usd per share)	$ 0.50	$ (0.05)	$ 3.31	$ 3.15	$ 0.03
Diluted (in usd per share)	$ 0.49	$ (0.05)	$ 3.26	$ 3.11	$ 0.03
Antidilutive securities excluded from computation of earnings per share (in shares)	300		400	800	900

Receivables (Schedule Of Short-Term Receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Apr. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	$ 58,447	$ 88,932	$ 197,876
Receivables, net, Long Term	34,864	41,595	52,689
Loans to franchisees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	6,194	9,497	16,666
Receivables, net, Long Term	22,036	28,026	28,909
Receivables for U.S. assisted and DIY tax preparation and related fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	18,893	41,900	92,531
Receivables, net, Long Term	2,560	3,793	3,793
H&R Block's Instant RefundSM receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	3,491	2,357	35,665
Receivables, net, Long Term	198	159	1,463
H&R Block Emerald Advance® lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	6,691	8,248	9,210
Receivables, net, Long Term	8,825	8,089	17,095
Software receivables from retailers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	3,992	2,910	4,823
Receivables, net, Long Term	0	0	0
Royalties and other receivables from franchisees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	3,682	6,167	16,136
Receivables, net, Long Term	73	178	196
Wave payment processing receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	1,393	2,187	1,569
Receivables, net, Long Term	0	0	0
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables, net, Short Term	14,111	15,666	21,276
Receivables, net, Long Term	$ 1,172	$ 1,350	$ 1,233

Receivables (Narrative) (Details)	12 Months Ended
Receivables (Narrative) (Details)	Jun. 30, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired non-accrual status term, days	60 days
Maximum EA line of credit	$ 1,000
Loans to franchisees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due term	90 days
H&R Block's Instant RefundSM receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired non-accrual status term, days	60 days

Receivables (Schedule Of Receivables Based On Year Of Origination) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Non-accrual and impaired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	$ 5,128
Allowance	(1,439)
Net balance	3,689
Non-Accrual	3,034
Non-accrual and impaired \| 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	4,997
Non-Accrual	2,903
Non-accrual and impaired \| 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	131
Non-Accrual	131
H&R Block Emerald Advance® lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	41,657
Allowance	(26,141)
Net balance	15,516
Non-Accrual	39,365
H&R Block Emerald Advance® lines of credit \| 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	26,040
Non-Accrual	26,040
H&R Block Emerald Advance® lines of credit \| 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	458
Non-Accrual	458
H&R Block Emerald Advance® lines of credit \| Revolving loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Balance	15,159
Non-Accrual	$ 12,867

Receivables (Schedule Of Activity In The Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	$ 83,508	$ 87,976	$ 82,480	$ 81,473
Provision	4,617	66,807	73,451	76,621
Charge-offs, recoveries and other	(149)	(77,516)	(72,423)	(75,614)
Ending balance	87,976	77,267	83,508	82,480
EAs
Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	27,704	27,704	32,034	27,535
Provision	0	14,814	14,319	21,771
Charge-offs, recoveries and other	0	(16,377)	(18,649)	(17,272)
Ending balance	27,704	26,141	27,704	32,034
All Other
Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	55,804	60,272	50,446	53,938
Provision	4,617	51,993	59,132	54,850
Charge-offs, recoveries and other	(149)	(61,139)	(53,774)	(58,342)
Ending balance	$ 60,272	$ 51,126	$ 55,804	$ 50,446

Property And Equipment (Components Of Property And Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Apr. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment net	$ 123,912	$ 139,276	$ 148,490
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment net	34,303	42,379	44,121
Computers and other equipment
Property, Plant and Equipment [Line Items]
Property and equipment net	48,837	57,560	62,712
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment net	38,142	35,768	37,772
Purchased software
Property, Plant and Equipment [Line Items]
Property and equipment net	1,253	2,192	2,508
Land and other non-depreciable assets
Property, Plant and Equipment [Line Items]
Property and equipment net	$ 1,377	$ 1,377	$ 1,377

Property And Equipment (Narrative) (Details) - USD ($) $ in Millions	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense of property and equipment	$ 10.8	$ 64.7	$ 73.4	$ 85.9
Outside of U.S.
Property, Plant and Equipment [Line Items]
Long-lived assets	$ 17.8	$ 15.4	$ 18.9

Goodwill And Intangible Assets (Schedule Of Goodwill) (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Goodwill [Roll Forward]
Goodwill before impairment losses, beginning balance	$ 895,956	$ 892,818	$ 850,435	$ 552,234
Accumulated impairment losses, beginning balance	(138,297)	(138,297)	(138,297)	(32,297)
Goodwill, beginning balance	757,659	754,521	712,138	519,937
Disposals and foreign currency changes, net	(3,304)	(12,816)	38,573	(26,154)
Impairments	0	0	0	(106,000)
Goodwill before impairment losses, ending balance	892,818	898,698	895,956	850,435
Accumulated impairment losses, ending balance	(138,297)	(138,297)	(138,297)	(138,297)
Goodwill, ending balance	754,521	760,401	757,659	712,138
Wave HQ Inc.
Goodwill [Roll Forward]
Acquisitions				300,560
Goodwill, ending balance		300,560
Acquisitions
Goodwill [Roll Forward]
Acquisitions	$ 166	$ 18,696	$ 6,948	$ 23,795

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 0	$ 0	$ 0	$ 106,000
Amortization	13,800	77,500	83,400	83,600
Goodwill	754,521	760,401	757,659	712,138	$ 519,937
Estimated amortization, 2022		66,300
Estimated amortization, 2023		45,800
Estimated amortization, 2024		24,800
Estimated amortization, 2025		17,000
Estimated amortization, 2026		11,900
Payments made for business acquisitions, net of cash acquired	$ 846	35,920	$ 15,576	450,242
Wave HQ Inc.
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 300,560
Consideration				408,400
Compensation payable				$ 8,200

Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Apr. 30, 2021
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,037,262	$ 1,036,196	$ 1,031,841
Accumulated Amortization	(727,618)	(685,103)	(671,693)
Net	309,644	351,093	360,148
Reacquired franchise rights
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	379,114	370,405	370,112
Accumulated Amortization	(197,068)	(182,366)	(179,356)
Net	182,046	188,039	190,756
Customer relationships
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	331,020	316,547	316,508
Accumulated Amortization	(278,717)	(255,294)	(251,160)
Net	52,303	61,253	65,348
Internally-developed software
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	137,638	160,315	156,308
Accumulated Amortization	(107,111)	(119,460)	(116,126)
Net	30,527	40,855	40,182
Noncompete agreements
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	41,789	41,228	41,212
Accumulated Amortization	(37,684)	(35,802)	(35,484)
Net	4,105	5,426	5,728
Franchise agreements
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	19,201	19,201	19,201
Accumulated Amortization	(17,388)	(16,108)	(15,894)
Net	1,813	3,093	3,307
Purchased technology
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	122,700	122,700	122,700
Accumulated Amortization	(87,910)	(74,913)	(72,609)
Net	34,790	47,787	50,091
Trade name
Goodwill and Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	5,800	5,800	5,800
Accumulated Amortization	(1,740)	(1,160)	(1,064)
Net	$ 4,060	$ 4,640	$ 4,736

Goodwill And Intangible Assets (Intangible Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 760,401	$ 754,521	$ 757,659	$ 712,138	$ 519,937
Tax Office Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 36,779
Weighted-Average Life (in years)	4 years
Tax Office Acquisition \| Internally-developed software
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 10,919
Weighted-Average Life (in years)	3 years
Tax Office Acquisition \| Reacquired franchise rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 9,081
Weighted-Average Life (in years)	4 years
Tax Office Acquisition \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 16,179
Weighted-Average Life (in years)	5 years
Tax Office Acquisition \| Noncompete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 600
Weighted-Average Life (in years)	5 years
Wave HQ Inc.
Acquired Finite-Lived Intangible Assets [Line Items]
Assets acquired and liabilities assumed, net	$ 3,928
Deferred tax liability	8,126
Total identifiable net assets	99,672
Goodwill	300,560
Total identifiable assets and goodwill	400,232
Wave HQ Inc. \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles	$ 23,000
Weighted-Average Life (in years)	5 years
Wave HQ Inc. \| Purchased technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles	$ 68,000
Weighted-Average Life (in years)	10 years
Wave HQ Inc. \| Noncompete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles	$ 7,070
Weighted-Average Life (in years)	5 years
Wave HQ Inc. \| Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles	$ 5,800
Weighted-Average Life (in years)	10 years

Long-Term Debt (Components Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	May 02, 2022	Jun. 30, 2021	Jun. 22, 2021	Apr. 30, 2021
Debt Instrument [Line Items]
Debt issuance costs and discounts	$ (13,124)		$ (16,281)		$ (9,961)
Total long term debt	1,486,876		1,983,719		1,490,039
Less: Current portion	0		0		0
Long-term debt excluding current portion	1,486,876		1,983,719		1,490,039
Estimated fair value of long-term debt	$ 1,377,000		2,123,000		1,609,000
Senior Notes \| Senior Notes, 5.500%, due November 2022
Debt Instrument [Line Items]
Interest rate	5.50%	5.50%
Senior notes	$ 0		500,000		500,000
Senior Notes \| Senior Notes, 5.250%, due October 2025
Debt Instrument [Line Items]
Interest rate	5.25%
Senior notes	$ 350,000		350,000		350,000
Senior Notes \| Senior Notes, 2.500%, due July 2028
Debt Instrument [Line Items]
Interest rate	2.50%			2.50%
Senior notes	$ 500,000		500,000
Senior Notes \| 2030 Senior Notes
Debt Instrument [Line Items]
Interest rate	3.875%
Senior notes	$ 650,000		$ 650,000		$ 650,000

Long-Term Debt (Narrative) (Details) - USD ($)		2 Months Ended	12 Months Ended
Long-Term Debt (Narrative) (Details) - USD ($)	May 02, 2022	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020	Jun. 22, 2021
Debt Instrument [Line Items]
Repayments of senior debt		$ 0	$ 500,000,000	$ 650,000,000	$ 0
Long-term debt, maturities, repayments of principal in year three			350,000,000
Long-term debt, maturities, repayments of principal in year six			500,000,000
Long-term debt, maturities, repayments of principal in year eleven			$ 650,000,000
2030 Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Interest rate			3.875%
Senior Notes, 5.500%, due November 2022 \| Senior Notes
Debt Instrument [Line Items]
Repayments of senior debt	$ 500,000,000
Interest rate	5.50%		5.50%
Redemption price, percentage of principal amount redeemed	100.00%
Senior Notes, 2.500%, due July 2028 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount						$ 500,000,000
Interest rate			2.50%			2.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 1,500,000,000
Available increase in borrowing capacity			$ 500,000,000
Maximum quarterly debt-to-EBITDA ratio			3.50
Maximum annual debt-to-EBITDA ratio			4.50
Minimum interest coverage ratio			2.50
Swingline Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 175,000,000
Standby Letters of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 50,000,000

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions	2 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Stock based compensation expense	$ 4,700	$ 34,252	$ 28,271	$ 28,045
Tax benefit	1,016	6,494	1,802	7,175
Realized tax benefit	2,356	$ 5,438	1,690	5,856
Shares reserved for future awards under stock-based compensation plans (in shares)		10.9
Vesting period (in years), minimum		3 years
Maximum contractual term		10 years
Performance-Based Nonvested Share Units
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting period (in years), minimum		3 years
Nonvested Shares
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Fair value of shares vesting during period	$ 12,300	$ 33,300	$ 16,100	$ 22,100
Unrecognized compensation cost		$ 50,200
Weighted-average period of recognition (years)		2 years
Minimum \| 2003 Long-Term Executive Compensation Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Percentage of performance-based share units that ultimately vest		0.00%
Maximum \| 2003 Long-Term Executive Compensation Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Percentage of performance-based share units that ultimately vest		20000.00%

Stock-Based Compensation (Summary Of Nonvested Shares) (Details) - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Restricted Share Units and Deferred Stock Units
Shares
Outstanding, beginning of the year (in shares)	2,012
Granted (in shares)	1,158
Released (in shares)	(897)
Forfeited (in shares)	(303)
Outstanding, end of the year (in shares)	1,970
Weighted-Average Grant Date Fair Value
Outstanding, beginning of the year (in usd per share)	$ 21.84
Granted (in usd per share)	27.30
Released (in usd per share)	22.73
Forfeited (in usd per share)	22.33
Outstanding, end of the year (in usd per share)	$ 24.40
Performance-Based Nonvested Share Units
Weighted-Average Grant Date Fair Value
Expected volatility, minimum	23.19%	21.14%	13.47%
Expected volatility, maximum	88.48%	84.49%	66.33%
Risk-free interest rate			1.70%
Risk-free interest rate, minimum		0.14%
Risk-free interest rate, maximum	0.37%	0.18%
Performance-Based Nonvested Share Units \| Minimum
Weighted-Average Grant Date Fair Value
Dividend yield	0.00%	0.00%	0.00%
Performance-Based Nonvested Share Units \| Maximum
Weighted-Average Grant Date Fair Value
Dividend yield		3.95%	3.55%
Nonvested Shares And Performance Nonvested
Shares
Outstanding, beginning of the year (in shares)	1,973
Granted (in shares)	576
Released (in shares)	(478)
Forfeited (in shares)	(153)
Outstanding, end of the year (in shares)	1,918
Weighted-Average Grant Date Fair Value
Outstanding, beginning of the year (in usd per share)	$ 23.49
Granted (in usd per share)	27.94
Released (in usd per share)	24.55
Forfeited (in usd per share)	22.88
Outstanding, end of the year (in usd per share)	$ 23.79

Stock-Based Compensation (Assumptions Used To Value Options) (Details) - Performance-Based Nonvested Share Units - $ / shares	12 Months Ended
	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	23.19%	21.14%	13.47%
Expected volatility, maximum	88.48%	84.49%	66.33%
Expected term, years	3 years	3 years	3 years
Risk-free interest rate			1.70%
Risk-free interest rate, minimum		0.14%
Risk-free interest rate, maximum	0.37%	0.18%
Weighted-average fair value (in dollars per share)	$ 27.07	$ 16.74	$ 32.01
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield		3.95%	3.55%

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	2 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Operating Loss Carryforwards [Line Items]
Impairment of goodwill	$ 0		$ 0	$ 0	$ 106,000
Effective tax rate	24.70%		14.90%	11.70%	282.40%
Net loss	$ 1,509	$ 1,423	$ 6,972	$ 6,421	$ 13,682
Tax benefits from discontinued operations	451	$ 424	2,093	3,883
Valuation allowance, decrease in deferred tax asset			600
SEC Schedule, 12-09, Valuation Allowances and Reserves, Deduction			4,800
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Cost and Expense			5,400
Net NOL DTAs			105,700
Net NOL DTAs subject to expiration			26,700
Net NOL DTAs not subject to expiration			79,000
Net NOL DTAs more likely than not to be realized			51,900
Unrecognized tax benefits that would impact effective tax rate	224,500		203,700	214,900	$ 132,300
Amount of unrecorded benefit			33,600
Total gross interest and penalties accrued	$ 26,400		22,700	$ 24,900
State
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance			22,700
Foreign
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance			$ 31,100

Income Taxes (Schedule Of Components Of Income From Continuing Operations) (Details) - USD ($) $ in Thousands	2 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Domestic	$ 145,714		$ 478,166	$ 489,499	$ 56,121
Foreign	(24,719)		180,903	179,237	(59,495)
Income (loss) from continuing operations before income taxes (benefit)	$ 120,995	$ (7,402)	$ 659,069	$ 668,736	$ (3,374)

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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