Fair Value Measurement (Tables)

3 Months Ended

Sep. 30, 2021

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, 2021
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	202,287	$	202,287	$	—	$	—
Funds held for clients' cash and cash equivalents		1,743,594		1,743,594		—		—
Available-for-sale securities:
Corporate bonds		13,460		—		13,460		—
Asset-backed securities		7,079		—		7,079		—
Total available-for-sale securities		20,539		—		20,539		—
Total investments	$	1,966,420	$	1,945,881	$	20,539	$	—

	September 30, 2021
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	66,431	$	66,431	$	—	$	—
Funds held for clients' cash and cash equivalents		3,042,121		3,030,371		11,750		—
Available-for-sale securities:
Commercial paper		70,170		—		70,170		—
Corporate bonds		44,303		—		44,303		—
Asset-backed securities		7,840		—		7,840		—
Certificates of deposit		15,378		—		15,378		—
U.S government agency securities		6,982		—		6,982		—
Other		1,877		—		1,877		—
Total available-for-sale securities		146,550		—		146,550		—
Total investments	$	3,255,102	$	3,096,802	$	158,300	$	—