CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Current assets
Cash and cash equivalents	$ 283,121	$ 231,113
Accounts receivable, net of allowance of $11,766 and $12,384 at June 30, 2019 and 2018, respectively	191,639	176,319
Inventories, net	29,946	25,916
Prepaid expenses	12,643	10,278
Other current assets	12,307	10,388
Total current assets	529,656	454,014
Property and equipment, net	31,980	28,868
Capitalized software, net	51,165	55,488
Capitalized curriculum development costs, net	53,297	53,558
Intangible assets, net	14,981	17,951
Goodwill	90,197	90,197
Deposits and other assets	48,330	41,887
Total assets	819,606	741,963
Current liabilities
Current portion of capital lease obligations	19,588	13,353
Accounts payable	50,488	29,362
Accrued liabilities	20,685	14,345
Accrued compensation and benefits	41,998	36,050
Deferred revenue	22,828	23,114
Total current liabilities	155,587	116,224
Capital lease obligations, net of current portion	5,060	12,665
Deferred rent, net of current portion	2,269	3,270
Deferred tax liability	16,670	12,577
Other long-term liabilities	6,655	10,038
Total liabilities	186,241	154,774
Commitments and contingencies
Stockholders’ equity
Common stock, par value $0.0001; 100,000,000 shares authorized; 45,575,236 and 44,902,567 shares issued; and 40,240,493 and 39,567,824 shares outstanding at June 30, 2019 and 2018, respectively	4	4
Additional paid-in capital	713,436	703,351
Accumulated other comprehensive loss	(40)	(252)
Retained earnings (accumulated deficit)	22,447	(13,432)
Treasury stock of 5,334,743 shares at cost at June 30, 2019 and 2018	(102,482)	(102,482)
Total stockholders’ equity	633,365	587,189
Total liabilities and stockholders' equity	$ 819,606	$ 741,963