Funds Held for Customers (Tables)

6 Months Ended

Dec. 31, 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):

	December 31,			June 30,
	2019			2019
Restricted cash and other receivables	$	588,979		$	470,971
Restricted cash equivalents		477,614			424,219
Corporate bonds		303,773			302,070
Certificates of deposit		106,011			105,377
U.S. treasury securities		19,191			30,960
Total funds held for customers		1,495,568			1,333,597
Less - income earned by the Company    included in other current assets		(3,805	)		(4,291	)
Total funds held for customers, net    of income earned by the Company	$	1,491,763		$	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):

	December 31, 2019
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	303,652	$	148	$	(27	)	$	303,773
Certificates of deposit		105,977		36		(2	)		106,011
U.S. treasury securities		19,185		7		(1	)		19,191
Total	$	428,814	$	191	$	(30	)	$	428,975

	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

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 December 31, 2019 (in thousands):

	December 31, 2019
	Fair value		Unrealized Losses
Corporate bonds	$	4,498	$	(3	)
Asset-backed securities		3,951		(3	)
Total	$	8,449	$	(6	)

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):

	December 31, 2019
	Fair value		Unrealized losses
Corporate bonds	$	94,472	$	(27	)
Certificates of deposit		13,025		(2	)
U.S. treasury securities		15,185		(1	)
Total	$	122,682	$	(30	)

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