Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 137,193	$ 103,468
Accounts receivable, net	3,453	2,040
Prepaid expenses and other	11,980	14,879
Total current assets before funds held for clients	152,626	120,387
Funds held for clients	1,225,614	942,459
Total current assets	1,378,240	1,062,846
Long-term prepaid expenses	1,504	1,535
Capitalized internal-use software, net	21,094	17,394
Property and equipment, net	62,029	40,756
Intangible assets, net	13,002	8,907
Goodwill	9,590	6,003
Deferred income tax assets, net	22,140
Total assets	1,507,599	1,137,441
Current liabilities:
Accounts payable	2,990	2,046
Accrued expenses	42,241	30,301
Total current liabilities before client fund obligations	45,231	32,347
Client fund obligations	1,225,614	942,459
Total current liabilities	1,270,845	974,806
Deferred rent	22,812	14,621
Other long-term liabilities	1,118
Deferred income tax liabilities, net		401
Total liabilities	1,294,775	989,828
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2017 and 2018
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2017 and 2018; 51,738 shares issued and outstanding at June 30, 2017 and 52,758 shares issued and outstanding at June 30, 2018	53	52
Additional paid-in capital	219,588	192,837
Accumulated deficit	(6,678)	(45,276)
Accumulated other comprehensive loss	(139)
Total stockholders' equity	212,824	147,613
Total liabilities and stockholders' equity	$ 1,507,599	$ 1,137,441