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Prepaid Expenses and Other Assets
6 Months Ended
Dec. 31, 2020
Prepaid Expense And Other Assets [Abstract]  
Prepaid Expenses and Other Assets

6. Prepaid Expenses and Other Assets

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, which was being amortized on a straight-line basis over the life of the contract. As of July 1, 2020, the contract was terminated and the unamortized remainder of the upfront cash payment was subsequently refunded. The Company had recorded $5.3 million as of June 30, 2020 within prepaid expenses and other assets on the Company’s condensed consolidated balance sheets. Amortization expense was $0.3 million and $0.6 million for the three and six months ended December 31, 2019.