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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Revenues:    
Revenue $ 97,002  
Interest income on funds held for clients 3,502 $ 1,617
Total recurring revenues 99,263 78,911
Total revenues 100,504 81,500
Cost of revenues:    
Total cost of revenues 35,942 34,959
Gross profit 64,562 46,541
Operating expenses:    
Sales and marketing 26,418 21,180
Research and development 11,400 8,895
General and administrative 22,968 15,951
Total operating expenses 60,786 46,026
Operating income 3,776 515
Other income 269 109
Income before income taxes 4,045 624
Income tax expense (benefit) (5,807) 81
Net income 9,852 543
Other comprehensive income (loss)    
Unrealized gains (losses) on securities, net of tax 15 (5)
Total other comprehensive income (loss) 15 (5)
Comprehensive income $ 9,867 $ 538
Net income per share:    
Basic (in dollars per share) $ 0.19 $ 0.01
Diluted (in dollars per share) $ 0.18 $ 0.01
Weighted-average shares used in computing net income per share:    
Basic (in shares) 52,865 51,893
Diluted (in shares) 55,487 54,610
Recurring fees    
Revenues:    
Revenue $ 95,761 $ 77,294
Cost of revenues:    
Total cost of revenues 29,231 24,091
Implementation services and other    
Revenues:    
Revenue 1,241 2,589
Cost of revenues:    
Total cost of revenues $ 6,711 $ 10,868