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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss $ (6,128,000) $ (7,570,000)
Loss on discontinued operations 3,986,000 1,485,000
Loss from continuing operations (2,142,000) (6,085,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 1,752,000 2,048,000
Depreciation and amortization 922,000 1,010,000
Operating lease amortization, net of accretion 544,000 0
Accretion of net premium on short-term investments 12,000 5,000
Unrealized gain on non-marketable equity investments 0 (1,259,000)
Realized loss on non-marketable equity investments 100,000 0
Other 1,000 0
Changes in operating assets and liabilities:    
Accounts receivable 16,653,000 (252,000)
Deferred income taxes 171,000 198,000
Deferred costs 1,979,000 (4,381,000)
Prepaid expenses and other current assets (502,000) 369,000
Other assets 28,000 (35,000)
Trade accounts payable 1,738,000 3,267,000
Accrued expenses and other liabilities (10,259,000) (2,467,000)
Income taxes payable (152,000) 149,000
Deferred rent 0 37,000
Operating lease liabilities (897,000) 0
Deferred revenue 12,221,000 6,842,000
Net cash provided by (used in) operating activities 22,169,000 (554,000)
Investing activities    
Purchases of property and equipment (461,000) (99,000)
Purchases of short-term investments (41,418,000) (10,624,000)
Purchase of long-term investments (2,000,000) 0
Proceeds from sales and maturities of short-term investments 11,052,000 10,865,000
Net cash provided by (used in) investing activities (32,827,000) 142,000
Financing activities    
Proceeds from exercise of stock options 8,306,000 24,000
Tax withholdings related to net share settlements of restricted stock units (832,000) (1,206,000)
Net cash provided by (used in) financing activities 7,474,000 (1,182,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (336,000) (239,000)
Net decrease in cash, cash equivalents and restricted cash (3,520,000) (1,833,000)
Net cash used in discontinued operations (3,975,000) (1,740,000)
Cash, cash equivalents and restricted cash, beginning of period 29,225,000 20,099,000
Cash, cash equivalents and restricted cash, end of period 21,730,000 16,526,000
Supplemental disclosure of cash flow information    
Income taxes paid, net 739,000 166,000
Non-cash investing: Investment in LLC acquired in exchange for sale of Advertising business 15,600,000 0
Cash flows from discontinued operations:    
Net cash used in operating activities (3,569,000) (1,740,000)
Net cash used in financing activities (406,000) 0
Net cash transferred from continuing operations 3,975,000 1,740,000
Net change in cash and cash equivalents from discontinued operations 0 0
Cash and cash equivalents of discontinued operations, beginning of period 0 0
Cash and cash equivalents of discontinued operations, end of period 0 0
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets    
Total cash and cash equivalents $ 29,225,000 $ 20,099,000