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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 101,450 $ 86,496
Accounts receivable, net 2,177 1,681
Prepaid expenses and other 13,094 7,409
Total current assets before funds held for clients 116,721 95,586
Funds held for clients 1,170,341 1,239,622
Total current assets 1,287,062 1,335,208
Long-term prepaid expenses 1,592 845
Capitalized internal-use software, net 16,705 11,427
Property and equipment, net 34,297 26,787
Intangible assets, net 9,277 10,419
Goodwill 6,003 6,003
Total assets 1,354,936 1,390,689
Current liabilities:    
Accounts payable 1,633 1,621
Accrued expenses 27,136 24,979
Total current liabilities before client fund obligations 28,769 26,600
Client fund obligations 1,170,341 1,239,622
Total current liabilities 1,199,110 1,266,222
Deferred rent 9,601 4,646
Deferred income tax liabilities, net 376 249
Total liabilities 1,209,087 1,271,117
Stockholders' equity:    
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2016 and March 31, 2017
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2016 and March 31, 2017; 51,132 shares issued and outstanding at June 30, 2016 and 51,489 shares issued and outstanding at March 31, 2017 51 51
Additional paid-in capital 187,230 171,515
Accumulated deficit (41,432) (51,994)
Total stockholders' equity 145,849 119,572
Total liabilities and stockholders' equity $ 1,354,936 $ 1,390,689