Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 114,325	$ 132,476
Corporate investments	66,308	29,314
Accounts receivable, net	5,761	4,358
Deferred contract costs	29,086	21,677
Prepaid expenses and other	13,337	13,895
Total current assets before funds held for clients	228,817	201,720
Funds held for clients	1,729,176	1,394,469
Total current assets	1,957,993	1,596,189
Capitalized internal-use software, net	34,067	27,486
Property and equipment, net	68,698	70,056
Operating lease right-of-use assets	50,180
Intangible assets, net	9,063	10,751
Goodwill	9,590	9,590
Long-term deferred contract costs	111,842	81,422
Long-term prepaid expenses and other	8,266	1,975
Deferred income tax assets	7,229	6,472
Total assets	2,256,928	1,803,941
Current liabilities:
Accounts payable	3,626	3,954
Accrued expenses	64,002	57,625
Total current liabilities before client fund obligations	67,628	61,579
Client fund obligations	1,729,176	1,394,469
Total current liabilities	1,796,804	1,456,048
Deferred rent		31,263
Long-term operating lease liabilities	74,912
Other long-term liabilities	1,668	1,723
Deferred income tax liabilities	9,169	6,943
Total liabilities	1,882,553	1,495,977
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2019 and March 31, 2020
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2019 and March 31, 2020; 53,075 shares issued and outstanding at June 30, 2019 and 53,660 shares issued and outstanding at March 31, 2020	54	53
Additional paid-in capital	215,101	207,982
Retained earnings	159,322	99,817
Accumulated other comprehensive income (loss)	(102)	112
Total stockholders' equity	374,375	307,964
Total liabilities and stockholders' equity	$ 2,256,928	$ 1,803,941