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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Net loss $ (31,750) $ (20,758)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,513 1,260
Deferred rent reversal due to lease termination (538) 0
Tenant improvement allowance recognition due to lease termination (582) 0
Accretion of net premium on short-term investments 113 237
Stock-based compensation expense 5,368 4,529
Loss (gain) on disposal of property and equipment 6 (2)
Bad debt expense 37 125
Changes in operating assets and liabilities:    
Accounts receivable 5,545 (5,724)
Deferred income taxes (23) 226
Restricted cash (3) 1,015
Income taxes receivable 2 39
Deferred costs (40,815) (6,704)
Prepaid expenses and other current assets (476) 580
Other assets (620) 98
Trade accounts payable (1,563) 5,309
Accrued expenses and other liabilities (263) 3,945
Income taxes payable (61) 154
Deferred rent 767 44
Deferred revenue 60,196 12,728
Net cash used in operating activities (3,147) (2,899)
Investing activities    
Purchases of property and equipment (3,350) (531)
Purchases of short-term investments (32,817) (37,788)
Proceeds from sales and maturities of short-term investments 33,322 39,392
Proceeds from sales of long-term investments 0 246
Net cash (used in) provided by investing activities (2,845) 1,319
Financing activities    
Proceeds from exercise of stock options 235 159
Tax withholdings related to net share settlements of restricted stock units (1,606) (1,638)
Net cash used in financing activities (1,371) (1,479)
Effect of exchange rate changes on cash and cash equivalents 562 (596)
Net decrease in cash and cash equivalents (6,801) (3,655)
Cash and cash equivalents, at beginning of period 20,757 [1] 21,349
Cash and cash equivalents, at end of period 13,956 17,694
Supplemental disclosure of cash flow information    
Income taxes paid, net $ 640 $ 1,410
[1] Derived from audited consolidated financial statements as of and for the year ended June 30, 2017.