Corporate Investments and Funds Held For Clients (Tables)

6 Months Ended

Dec. 31, 2020

Corporate Investments and Funds Held for Clients

Schedule of corporate investments and funds held for clients

	June 30, 2020
			Gross		Gross
	Amortized		unrealized		unrealized
Type of Issue	cost		gains		losses		Fair value
Cash and cash equivalents	$	250,851	$	—	$	—	$	250,851
Funds held for clients' cash and cash equivalents		1,241,282		—		—		1,241,282
Available-for-sale securities:
Commercial paper		6,643		6		—		6,649
Corporate bonds		44,343		414		—		44,757
Asset-backed securities		49,978		424		—		50,402
U.S. treasury securities		21,302		67		—		21,369
Total available-for-sale securities (1)		122,266		911		—		123,177
Total investments	$	1,614,399	$	911	$	—	$	1,615,310

(1) Included within the fair value of total available-for-sale securities above is $37,155 of corporate investments and $86,022 of funds held for clients.

	December 31, 2020
			Gross		Gross
	Amortized		unrealized		unrealized
Type of Issue	cost		gains		losses		Fair value
Cash and cash equivalents	$	218,696	$	—	$	—	$	218,696
Funds held for clients' cash and cash equivalents		2,154,552		—		—		2,154,552
Available-for-sale securities:
Corporate bonds		33,157		188		—		33,345
Asset-backed securities		29,858		168		—		30,026
Total available-for-sale securities (2)		63,015		356		—		63,371
Total investments	$	2,436,263	$	356	$	—	$	2,436,619

(2) Included within the fair value of total available-for-sale securities above is $13,637 of corporate investments and $49,734 of funds held for clients.

Schedule of the classification of investments

	June 30,		December 31,
	2020		2020
Cash and cash equivalents	$	250,851	$	218,696
Corporate investments		34,556		13,637
Funds held for clients		1,327,304		2,204,286
Long-term prepaid expenses and other		2,599		—
Total investments	$	1,615,310	$	2,436,619