CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 230,864	$ 213,989
Accounts receivable, net of allowance of $14,791 and $10,813 at June 30, 2017 and June 30, 2016 respectively	192,205	169,554
Inventories, net	30,503	30,631
Prepaid expenses	8,006	9,634
Other current assets	12,004	22,047
Total current assets	473,582	445,855
Property and equipment, net	26,297	28,447
Capitalized software, net	62,695	70,055
Capitalized curriculum development costs, net	59,213	63,367
Intangible assets, net	20,226	23,102
Goodwill	87,214	87,285
Deposits and other assets	6,057	15,944
Total assets	735,284	734,055
Current liabilities
Current portion of capital lease obligations	11,880	13,210
Accounts payable	30,052	25,919
Accrued liabilities	21,622	26,877
Accrued compensation and benefits	29,367	31,042
Deferred revenue	24,830	25,964
Total current liabilities	117,751	123,012
Capital lease obligations, net of current portion	10,025	9,922
Deferred rent, net of current portion	4,157	6,661
Deferred tax liability	16,726	18,458
Other long-term liabilities	11,579	9,780
Total liabilities	160,238	167,833
Commitments and contingencies
Redeemable noncontrolling interest	700	7,502
Stockholders’ equity
Common stock, par value $0.0001; 100,000,000 shares authorized; 44,325,772 and 43,184,068 shares issued and 40,823,174 and 39,681,470 shares outstanding at June 30, 2017 and 2016 respectively	4	4
Additional paid-in capital	690,488	675,436
Accumulated other comprehensive income	(170)	(293)
Accumulated deficit	(40,976)	(41,427)
Treasury stock of 3,502,598 shares at cost at June 30, 2017 and 2016	(75,000)	(75,000)
Total stockholders’ equity	574,346	558,720
Total liabilities, redeemable noncontrolling interest and equity	$ 735,284	$ 734,055