Balance Sheet Information

9 Months Ended

Mar. 31, 2020

Balance Sheet Information

Balance Sheet Information

(4)  Balance Sheet Information

The following tables provide details of selected consolidated balance sheet items:

Activity in the allowance for doubtful accounts was as follows:

Balance at June 30, 2019	$	473
Charged to expense		232
Write-offs		(116)
Balance at March 31, 2020	$	589

Capitalized internal-use software and accumulated amortization were as follows:

	June 30,		March 31,
	2019		2020
Capitalized internal-use software	$	90,991	$	111,556
Accumulated amortization		(63,505)		(77,489)
Capitalized internal-use software, net	$	27,486	$	34,067

Amortization of capitalized internal-use software costs is included in Cost of revenues and amounted to $4,224 and $4,926 for the three months ended March 31, 2019 and 2020, respectively, and $12,854 and $14,073 for the nine months ended March 31, 2019 and 2020, respectively.

Property and equipment, net consist of the following:

	June 30,		March 31,
	2019		2020
Office equipment	$	4,406	$	4,491
Computer equipment		36,798		42,478
Furniture and fixtures		11,857		12,764
Software		6,332		6,603
Leasehold improvements		44,350		45,366
Time clocks rented by clients		4,679		4,907
Total		108,422		116,609
Accumulated depreciation		(38,366)		(47,911)
Property and equipment, net	$	70,056	$	68,698

Depreciation expense amounted to $3,626 and $4,082 for the three months ended March 31, 2019 and 2020, respectively, and $10,671 and $12,071 for the nine months ended March 31, 2019 and 2020, respectively.

The Company’s amortizable intangible assets and estimated useful lives are as follows:

	June 30,		March 31,		Useful
	2019		2020		Life
Client relationships	$	18,130	$	18,130	7 - 9 years
Non-solicitation agreements		600		600	2 - 4 years
Total		18,730		18,730
Accumulated amortization		(7,979)		(9,667)
Intangible assets, net	$	10,751	$	9,063

Amortization expense for acquired intangible assets was $562 and $563 for the three months ended March 31, 2019 and 2020, respectively, and $1,688 for both the nine months ended March 31, 2019 and 2020.

Future amortization expense for acquired intangible assets as of March 31, 2020 is as follows:

Remainder of fiscal 2020	$	563
Fiscal 2021		2,251
Fiscal 2022		2,232
Fiscal 2023		2,118
Fiscal 2024		1,356
Thereafter		543
Total	$	9,063

The components of accrued expenses were as follows:

	June 30,		March 31,
	2019		2020
Accrued payroll and personnel costs	$	39,095	$	38,386
Operating lease liabilities		—		7,955
Deferred revenue		5,572		8,308
Other		12,958		9,353
Total accrued expenses	$	57,625	$	64,002