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Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Revenues:        
Recurring and other revenue $ 145,393 $ 127,980 $ 280,268 $ 249,853
Interest income on funds held for clients 936 4,394 1,855 9,241
Total revenues 146,329 132,374 282,123 259,094
Cost of revenues 53,542 45,424 102,922 88,054
Gross profit 92,787 86,950 179,201 171,040
Operating expenses:        
Sales and marketing 37,775 37,293 75,449 74,250
Research and development 19,338 15,410 37,985 29,804
General and administrative 29,323 28,133 55,967 54,872
Total operating expenses 86,436 80,836 169,401 158,926
Operating income 6,351 6,114 9,800 12,114
Other income (expense) (379) 285 (636) 759
Income before income taxes 5,972 6,399 9,164 12,873
Income tax expense (benefit) (3,670) 932 (12,938) (6,500)
Net income 9,642 5,467 22,102 19,373
Other comprehensive loss, net of tax        
Other comprehensive loss, net of tax (187) (36) (410) (32)
Comprehensive income $ 9,455 $ 5,431 $ 21,692 $ 19,341
Net income per share:        
Basic (in dollars per share) $ 0.18 $ 0.10 $ 0.41 $ 0.36
Diluted (in dollars per share) $ 0.17 $ 0.10 $ 0.39 $ 0.35
Weighted-average shares used in computing net income per share:        
Basic (in shares) 54,305 53,542 54,160 53,415
Diluted (in shares) 56,343 55,826 56,122 55,692