CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 194,708	$ 213,989
Accounts receivable, net of allowance of $14,475 and $10,813 at March 31, 2017 and June 30, 2016 respectively	225,784	169,554
Inventories, net	18,789	30,631
Prepaid expenses	15,448	9,634
Other current assets	24,828	22,047
Total current assets	479,557	445,855
Property and equipment, net	25,976	28,447
Capitalized software, net	64,231	70,055
Capitalized curriculum development costs, net	60,960	63,367
Intangible assets, net	20,948	23,102
Goodwill	87,285	87,285
Deposits and other assets	6,459	15,944
Total assets	745,416	734,055
Current liabilities
Current portion of capital lease obligations	13,267	13,210
Accounts payable	16,105	25,919
Accrued liabilities	17,822	26,877
Accrued compensation and benefits	25,118	31,042
Deferred revenue	50,797	25,964
Total current liabilities	123,109	123,012
Capital lease obligations, net of current portion	11,955	9,922
Deferred rent, net of current portion	4,365	6,661
Deferred tax liability	22,356	18,458
Other long-term liabilities	10,950	9,780
Total liabilities	172,735	167,833
Commitments and contingencies
Redeemable noncontrolling interest	700	7,502
Stockholders’ equity
Common stock, par value $0.0001; 100,000,000 shares authorized; 44,061,275 and 43,184,068 shares issued and 40,558,677 and 39,681,470 shares outstanding at March 31, 2017 and June 30, 2016 respectively	4	4
Additional paid-in capital	681,434	675,436
Accumulated other comprehensive income (loss)	36	(293)
Accumulated deficit	(34,493)	(41,427)
Treasury stock of 3,502,598 shares at cost at March 31, 2017 and June 30, 2016	(75,000)	(75,000)
Total stockholders’ equity	571,981	558,720
Total liabilities, redeemable noncontrolling interest and equity	$ 745,416	$ 734,055