Fair Value Measurement (Tables)

9 Months Ended

Mar. 31, 2020

Fair Value Measurement

Schedule of fair value level for cash and cash equivalents and available-for-sale securities measured on a recurring basis

	June 30, 2019
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	132,476	$	116,387	$	16,089	$	—
Funds held for clients' cash and cash equivalents		1,293,667		1,244,856		48,811		—
Available-for-sale securities:
Commercial paper		63,428		—		63,428		—
Corporate bonds		27,099		—		27,099		—
Asset-backed securities		26,540		—		26,540		—
U.S. treasury securities		13,757		—		13,757		—
Total available-for-sale securities		130,824		—		130,824		—
Total investments	$	1,556,967	$	1,361,243	$	195,724	$	—

	March 31, 2020
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	114,325	$	90,791	$	23,534	$	—
Funds held for clients' cash and cash equivalents		1,520,127		1,439,324		80,803		—
Available-for-sale securities:
Commercial paper		150,437		—		150,437		—
Corporate bonds		52,248		—		52,248		—
Asset-backed securities		57,586		—		57,586		—
U.S. treasury securities		21,457		—		21,457		—
Total available-for-sale securities		281,728		—		281,728		—
Total investments	$	1,916,180	$	1,530,115	$	386,065	$	—