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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income (loss) $ 8,319,000 $ (19,632,000)
Loss on discontinued operations 4,042,000 3,895,000
Income (loss) from continuing operations 12,361,000 (15,737,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation expense 5,189,000 5,611,000
Depreciation and amortization 2,685,000 2,982,000
Operating lease amortization, net of accretion 2,153,000 0
Accretion of net premium on short-term investments 157,000 (15,000)
Unrealized gain on non-marketable equity investments 0 (1,260,000)
Equity in net income of equity method investees (694,000) 0
Gain on sale of intellectual property and workforce to Grab (45,000) 0
Noncash Revenue (5,831,000) 0
Other (38,000) (22,000)
Changes in operating assets and liabilities:    
Accounts receivable 28,334,000 (11,581,000)
Deferred income taxes (110,000) 209,000
Deferred costs (2,924,000) (13,934,000)
Prepaid expenses and other current assets 1,463,000 (162,000)
Other assets (21,000) (123,000)
Trade accounts payable 7,913,000 12,020,000
Accrued expenses and other liabilities (13,910,000) (1,728,000)
Income taxes payable (252,000) 160,000
Deferred rent 0 488,000
Operating lease liabilities (2,791,000) 0
Deferred revenue 8,042,000 29,281,000
Net cash provided by operating activities 41,681,000 6,189,000
Investing activities    
Purchases of property and equipment (1,320,000) (956,000)
Purchases of short-term investments (67,347,000) (31,044,000)
Purchase of long-term investments (9,500,000) 0
Proceeds from sales and maturities of short-term investments 31,789,000 34,214,000
Net cash provided by (used in) investing activities (46,378,000) 2,214,000
Financing activities    
Proceeds from exercise of stock options 8,390,000 1,356,000
Tax withholdings related to net share settlements of restricted stock units (1,230,000) (1,831,000)
Repurchase of common stock (9,353,000) (1,303,000)
Net cash used in financing activities (2,193,000) (1,778,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (343,000) (401,000)
Net increase (decrease) in cash, cash equivalents and restricted cash, continuing operations (7,233,000) 6,224,000
Net cash used in discontinued operations (3,975,000) (3,154,000)
Cash, cash equivalents and restricted cash, beginning of period 29,225,000 20,099,000
Cash, cash equivalents and restricted cash, end of period 18,017,000 23,169,000
Supplemental disclosure of cash flow information    
Income taxes paid, net 1,626,000 730,000
Non-cash investing: Investment in inMarket Media, LLC acquired in exchange for sale of Advertising business 15,600,000 0
Noncash Sale of Assets 7,012,000 0
Cash flows from discontinued operations:    
Net cash used in operating activities (3,569,000) (3,154,000)
Net cash used in financing activities (406,000) 0
Net cash transferred from continuing operations 3,975,000 3,154,000
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 $ 18,017,000 $ 23,169,000