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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (21,541) $ (4,224)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of acquisition-related intangible assets 10,251 10,171
Stock-based compensation plan expense 27,569 22,146
Depreciation and other amortization 19,075 16,032
Gain on sale of cost-method investment (80) 0
Deferred income tax benefit (643) (125)
Change in provision for allowances on accounts receivable (273) 165
Amortization of debt issuance costs 228 206
Amortization of premium on investments 48 25
Fair value adjustment on other investments (52) 0
Gain on other investments 0 (174)
Loss on disposal of equipment 4 23
Gain on foreign exchange (449) (34)
Changes in operating assets and liabilities:    
Accounts receivable (364) (139)
Prepaid expenses and other current assets (1,569) (2,935)
Operating lease right-of-use asset, net (1,324) 2,438
Other assets 213 (2,950)
Accounts payable 39 (1,041)
Accrued expenses 7,337 (1,707)
Operating lease liabilities 2,022 (1,383)
Customer account liabilities 2,333 2,599
Deferred revenue (14,065) (14,842)
Other liabilities (329) (74)
Net cash provided by operating activities 28,430 24,177
Investing activities:    
Acquisition of businesses and assets, net of cash acquired (15,115) (9,892)
Investment distributions received 161 0
Purchases of other investments (35) (7,150)
Issuance of note receivable 0 (2,600)
Purchases of available-for-sale securities (900) (8,203)
Proceeds from sales of available-for-sale securities 8,100 8,100
Capital expenditures, including capitalization of software costs (20,052) (14,980)
Net cash used in investing activities (27,841) (34,725)
Financing activities:    
Repurchase of common stock (50,000) (10,755)
Repayment of amounts borrowed under revolving credit facility 0 (50,000)
Proceeds from exercise of stock options and employee stock purchase plan 2,313 2,169
Net cash used in financing activities (47,687) (58,586)
Effect of exchange rate changes on cash (951) 7,774
Decrease in cash, cash equivalents and restricted cash (48,049) (61,360)
Cash, cash equivalents and restricted cash at beginning of period 143,768 201,136
Cash, cash equivalents and restricted cash at end of period 95,719 139,776
Cash and cash equivalents at end of period 83,726 130,096
Cash held for customers at end of period 11,993 9,680
Cash, cash equivalents and restricted cash at end of period 95,719 139,776
Supplemental disclosures of non-cash investing activities:    
Issuance of common stock in connection with acquisition $ 0 $ 8,183