XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 10,562 $ 1,561
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 18,695 13,212
Depreciation and amortization expense 14,685 9,875
Deferred income tax expense 127 113
Provision for doubtful accounts 47 90
Loss on disposal of equipment 225 301
Changes in operating assets and liabilities:    
Accounts receivable (543) (700)
Prepaid expenses and other (1,802) (3,069)
Accounts payable (145) (606)
Accrued expenses 1,484 8,290
Net cash provided by operating activities 43,335 29,067
Cash flows from investing activities:    
Capitalized internal-use software costs (10,073) (5,807)
Purchases of property and equipment (13,916) (11,746)
Payments for acquisitions   (483)
Net change in funds held for clients 69,281 (831,757)
Net cash provided by (used in) investing activities 45,292 (849,793)
Cash flows from financing activities:    
Net change in client funds obligation (69,281) 831,757
Proceeds from exercise of stock options   137
Proceeds from employee stock purchase plan 1,823 1,403
Taxes paid related to net share settlement of equity awards (6,215) (4,122)
Net cash provided by (used in) financing activities (73,673) 829,175
Net change in Cash and Cash Equivalents 14,954 8,449
Cash and Cash Equivalents-Beginning of Period 86,496 81,258
Cash and Cash Equivalents-End of Period 101,450 89,707
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Build-out allowances received from landlords   1,888
Purchase of property and equipment, accrued but not paid 1,714 683
Supplemental Disclosure of Cash Flow Information    
Cash paid for income taxes, net of refunds $ 41 $ 20