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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]      
Net revenue $ 490,339 $ 455,154 $ 404,358
Cost of revenue [1] 437,864 393,509 345,947
Gross profit 52,475 61,645 58,411
Operating expenses:      
Product development [1] 14,206 12,329 13,805
Sales and marketing [1] 8,876 8,755 10,414
General and administrative 23,188 29,834 18,556
Operating income 6,205 10,727 15,636
Interest income 230 290 181
Interest expense (696) (367) 0
Other income, net 12,947 69 687
Income before income taxes 18,686 10,719 16,504
(Provision for) benefit from income taxes (584) 51,761 (574)
Net income $ 18,102 $ 62,480 $ 15,930
Net income per share:      
Basic $ 0.35 $ 1.26 $ 0.34
Diluted $ 0.34 $ 1.18 $ 0.32
Weighted-average shares used in computing net income per share:      
Basic 51,529 49,581 46,417
Diluted 53,387 52,754 49,872
[1]

Cost of revenue and operating expenses include stock-based compensation expense as follows: