Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 250,851	$ 132,476
Corporate investments	34,556	29,314
Accounts receivable, net	4,923	4,358
Deferred contract costs	32,332	21,677
Prepaid expenses and other	13,188	13,895
Total current assets before funds held for clients	335,850	201,720
Funds held for clients	1,327,304	1,394,469
Total current assets	1,663,154	1,596,189
Capitalized internal-use software, net	36,501	27,486
Property and equipment, net	66,737	70,056
Operating lease right-of-use assets	48,658
Intangible assets, net	13,360	10,751
Goodwill	21,655	9,590
Long-term deferred contract costs	125,711	81,422
Long-term prepaid expenses and other	4,917	1,975
Deferred income tax assets	4,955	6,472
Total assets	1,985,648	1,803,941
Current liabilities:
Accounts payable	1,755	3,954
Accrued expenses	79,881	57,625
Total current liabilities before client fund obligations	81,636	61,579
Client fund obligations	1,327,304	1,394,469
Total current liabilities	1,408,940	1,456,048
Long-term debt	100,000
Deferred rent		31,263
Long-term operating lease liabilities	73,299
Other long-term liabilities	1,747	1,723
Deferred income tax liabilities	8,754	6,943
Total liabilities	1,592,740	1,495,977
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2019 and June 30, 2020
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2019 and June 30, 2020; 53,075 shares issued and outstanding at June 30, 2019 and 53,792 shares issued and outstanding at June 30, 2020	54	53
Additional paid-in capital	227,907	207,982
Retained earnings	164,272	99,817
Accumulated other comprehensive income	675	112
Total stockholders' equity	392,908	307,964
Total liabilities and stockholders' equity	$ 1,985,648	$ 1,803,941