Short-Term Investments (Tables)

9 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Short-Term Investments

Short-term investments consisted of the following as of the dates presented (in thousands):

	March 31, 2022
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	663,946	$	5	$	(3,653	)	$	660,298
U.S. treasury securities		416,879		5		(2,059	)		414,825
Asset-backed securities		49,403		—		(226	)		49,177
Certificates of deposit		19,108		—		—			19,108
Total	$	1,149,336	$	10	$	(5,938	)	$	1,143,408

	June 30, 2021
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	466,403	$	111	$	(55	)	$	466,459
U.S. treasury securities		155,663		16		(5	)		155,674
Asset-backed securities		26,391		16		(1	)		26,406
Certificates of deposit		6,775		—		—			6,775
Total	$	655,232	$	143	$	(61	)	$	655,314

Schedule of Gross Unrealized Loss and Fair Values

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of the dates presented (in thousands):

	March 31, 2022
	Fair value		Unrealized losses
Corporate bonds	$	415,637	$	(3,653	)
U.S. treasury securities		372,165		(2,059	)
Asset backed securities		49,177		(226	)
Total	$	836,979	$	(5,938	)

	June 30, 2021
	Fair value		Unrealized losses
Corporate bonds	$	152,485	$	(55	)
U.S. treasury securities		85,466		(5	)
Asset backed securities		8,089		(1	)
Total	$	246,040	$	(61	)