Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 218,696	$ 250,851
Corporate investments	13,637	34,556
Accounts receivable, net	6,118	4,923
Deferred contract costs	37,447	32,332
Prepaid expenses and other	15,633	13,188
Total current assets before funds held for clients	291,531	335,850
Funds held for clients	2,204,286	1,327,304
Total current assets	2,495,817	1,663,154
Capitalized internal-use software, net	40,623	36,501
Property and equipment, net	64,066	66,737
Operating lease right-of-use assets	45,429	48,658
Intangible assets, net	15,083	13,360
Goodwill	33,184	21,655
Long-term deferred contract costs	144,027	125,711
Long-term prepaid expenses and other	3,218	4,917
Deferred income tax assets	9,516	4,955
Total assets	2,850,963	1,985,648
Current liabilities:
Accounts payable	2,771	1,755
Accrued expenses	64,204	79,881
Total current liabilities before client fund obligations	66,975	81,636
Client fund obligations	2,204,286	1,327,304
Total current liabilities	2,271,261	1,408,940
Long-term debt	100,000	100,000
Long-term operating lease liabilities	69,672	73,299
Other long-term liabilities	1,812	1,747
Deferred income tax liabilities		8,754
Total liabilities	2,442,745	1,592,740
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2020 and December 31, 2020
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2020 and December 31, 2020; 53,792 shares issued and outstanding at June 30, 2020 and 54,370 shares issued and outstanding at December 31, 2020	54	54
Additional paid-in capital	221,525	227,907
Retained earnings	186,374	164,272
Accumulated other comprehensive income	265	675
Total stockholders' equity	408,218	392,908
Total liabilities and stockholders' equity	$ 2,850,963	$ 1,985,648