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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenues:        
Recurring fees $ 85,314 $ 66,279 $ 212,581 $ 160,374
Interest income on funds held for clients 1,041 803 2,489 1,946
Total recurring revenues 86,355 67,082 215,070 162,320
Implementation services and other 3,918 3,488 8,879 8,542
Total revenues 90,273 70,570 223,949 170,862
Cost of revenues:        
Recurring revenues 22,436 18,576 62,255 47,858
Implementation services and other 9,646 8,633 28,569 23,646
Total cost of revenues 32,082 27,209 90,824 71,504
Gross profit 58,191 43,361 133,125 99,358
Operating expenses:        
Sales and marketing 21,242 17,681 56,988 44,471
Research and development 6,969 6,759 21,492 18,987
General and administrative 15,100 12,720 43,915 34,410
Total operating expenses 43,311 37,160 122,395 97,868
Operating income 14,880 6,201 10,730 1,490
Other income (expense) (47) (83) (4) 214
Income before income taxes 14,833 6,118 10,726 1,704
Income tax expense (benefit) 32 (43) 164 143
Net income $ 14,801 $ 6,161 $ 10,562 $ 1,561
Net income per share:        
Basic (in dollars per share) $ 0.29 $ 0.12 $ 0.21 $ 0.03
Diluted (in dollars per share) $ 0.27 $ 0.12 $ 0.20 $ 0.03
Weighted-average shares used in computing net income per share:        
Basic (in shares) 51,447 50,962 51,353 50,865
Diluted (in shares) 54,002 53,424 53,987 53,431