XML 28 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Balance Sheet Components
12 Months Ended
Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Balance Sheet Components

8. Balance Sheet Components

Accounts Receivable, Net

Accounts receivable, net was comprised of the following (in thousands):

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Accounts receivable

 

$

74,649

 

 

$

85,926

 

Less: Allowance for doubtful accounts

 

 

(10,177

)

 

 

(10,298

)

Total

 

$

64,472

 

 

$

75,628

 

Prepaid Expenses and Other Assets

Prepaid expenses and other assets were comprised of the following (in thousands):

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Prepaid expenses

 

$

9,001

 

 

$

3,504

 

Income tax receivable

 

 

3,798

 

 

 

1,043

 

Other assets

 

 

792

 

 

 

681

 

Total

 

$

13,591

 

 

$

5,228

 

In fiscal year 2016, the Company entered into a 10-year partnership agreement with a large online customer acquisition marketing company focused on the U.S. insurance industry to be its exclusive click monetization partner for the majority of its insurance categories. The agreement included a one-time upfront cash payment of $10.0 million. The payment is being amortized on a straight-line basis over the life of the contract and is assessed for impairment annually. As of June 30, 2020, the Company had recorded $5.3 million within prepaid expenses and other assets on the Company’s consolidated balance sheet as the Company expected to receive payment for the residual balance within the next 12 months. As of June 30, 2019, the Company had recorded $1.0 million within prepaid expenses and other assets and $5.3 million within other assets, noncurrent on the Company’s consolidated balance sheet. Amortization expense was $1.0 million, $1.0 million and $1.0 million for fiscal years 2020, 2019 and 2018.

Property and Equipment, Net

Property and equipment, net was comprised of the following (in thousands):

 

 

June 30,

 

 

 

2020

 

 

2019

 

Computer equipment

 

$

12,763

 

 

$

12,328

 

Software

 

 

11,751

 

 

 

11,605

 

Furniture and fixtures

 

 

3,060

 

 

 

3,156

 

Leasehold improvements

 

 

2,842

 

 

 

2,838

 

Internal software development costs

 

 

36,993

 

 

 

35,941

 

Total property plant and equipment, gross

 

 

67,409

 

 

 

65,868

 

Less: Accumulated depreciation and amortization

 

 

(61,752

)

 

 

(60,458

)

Total property plant and equipment, net

 

$

5,657

 

 

$

5,410

 

Depreciation expense was $1.3 million, $1.1 million and $1.5 million for fiscal years 2020, 2019 and 2018. Amortization expense related to internal software development costs was $2.4 million, $2.3 million and $2.8 million for fiscal years 2020, 2019 and 2018.

Accrued liabilities

Accrued liabilities were comprised of the following (in thousands):

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Accrued media costs

 

$

31,948

 

 

$

30,429

 

Accrued professional service and other business expenses

 

 

8,066

 

 

 

4,916

 

Accrued compensation and related expenses

 

 

2,257

 

 

 

1,533

 

Total

 

$

42,271

 

 

$

36,878