FUNDS HELD FOR CUSTOMERS (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2020

Jun. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Summary Of Funds Held For Customers

Funds held for customers consisted of the following as of the dates presented (in thousands):

	June 30, 2019			March 31, 2020
Restricted cash and other receivables	$	470,971		$	346,327
Restricted cash equivalents		424,219			442,300
Corporate bonds		302,070			469,071
Certificates of deposit		105,377			78,714
U.S. treasury securities		30,960			19,419
Total funds held for customers		1,333,597			1,355,831
Less—income earned by the Company included in other current assets		(4,291	)		(2,279	)
Total funds held for customers, net of income earned by the Company	$	1,329,306		$	1,353,552

Funds held for customers consisted of the following (in thousands):

	June 30,
	2018			2019
Restricted cash and other receivables	$	261,555		$	470,971
Restricted cash equivalents		303,650			424,219
Corporate bonds		166,570			302,070
Certificates of deposit		185,360			105,377
U.S. Treasury securities		-			30,960
Total funds held for customers		917,135			1,333,597
Less—income earned by the Company included in other current assets		(2,122	)		(4,291	)
Total funds held for customers, net of income earned by the Company	$	915,013		$	1,329,306

Summary Of Fair Value Of Funds Held For Customers Invested In Short Term Marketable Debt Securities

Below is a summary of the fair value of funds held for customers that were invested in short-term marketable debt securities as of the dates presented (in thousands):

	June 30, 2019
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	301,755	$	327	$	(12	)	$	302,070
Certificates of deposit		105,297		81		(1	)		105,377
U.S. treasury securities		30,927		33		—			30,960
Total	$	437,979	$	441	$	(13	)	$	438,407

	March 31, 2020
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	469,504	$	505	$	(938	)	$	469,071
Certificates of deposit		78,753		97		(136	)		78,714
U.S. treasury securities		19,238		181		—			19,419
Total	$	567,495	$	783	$	(1,074	)	$	567,204

Below is a summary of the fair value of funds held for customers that were invested in short-term marketable debt securities (in thousands):

	June 30, 2018
	Amortized cost basis		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	166,641	$	11	$	(82	)	$	166,570
Certificates of deposit		185,418		19		(77	)		185,360
Total	$	352,059	$	30	$	(159	)	$	351,930

	June 30, 2019
	Amortized cost basis		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	301,755	$	327	$	(12	)	$	302,070
Certificates of deposit		105,297		81		(1	)		105,377
U.S. Treasury securities		30,927		33		-			30,960
Total	$	437,979	$	441	$	(13	)	$	438,407

Schedule of Gross Unrealized Loss and Fair Values

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

	June 30, 2019
	Fair value		Unrealized losses
Corporate bonds	$	46,065	$	(12	)
Certificates of deposit		12,027		(1	)
Total	$	58,092	$	(13	)

	March 31, 2020
	Fair value		Unrealized losses
Corporate bonds	$	235,152	$	(938	)
Certificates of deposit		33,966		(136	)
Total	$	269,118	$	(1,074	)

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2018 and 2019 (in thousands):

	June 30, 2018
	Fair value		Unrealized Losses
Corporate bonds	$	67,013	$	(82	)
Certificates of deposit		80,515		(77	)
Total	$	147,528	$	(159	)

	June 30, 2019
	Fair value		Unrealized Losses
Corporate bonds	$	46,065	$	(12	)
Certificates of deposit		12,027		(1	)
Total	$	58,092	$	(13	)