Funds Held for Customers (Tables)

12 Months Ended

Jun. 30, 2020

Investments Debt And Equity Securities [Abstract]

Summary of Funds Held For Customers

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

	June 30,
	2020			2019
Restricted cash and other receivables	$	586,893		$	470,971
Restricted cash equivalents		433,709			424,219
Corporate bonds		493,879			302,070
Certificates of deposit		85,953			105,377
U.S. treasury securities		48,952			30,960
Total funds held for customers		1,649,386			1,333,597
Less - income earned by the Company    included in other current assets		(5,136	)		(4,291	)
Total funds held for customers, net    of income earned by the Company	$	1,644,250		$	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 (in thousands):

	June 30, 2020
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	491,950	$	1,936	$	(7	)	$	493,879
Certificates of deposit		85,841		115		(3	)		85,953
U.S. treasury securities		48,949		4		(1	)		48,952
Total	$	626,740	$	2,055	$	(11	)	$	628,784

	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 June 30, 2020 (in thousands):

	June 30, 2020
	Fair value		Unrealized losses
U.S. treasury securities	$	2,798	$	(1	)
Corporate bonds		9,258		(10	)
Total	$	12,056	$	(11	)

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2020 and 2019 (in thousands):

	June 30, 2020
	Fair value		Unrealized losses
Corporate bonds	$	31,785	$	(7	)
Certificates of deposit		20,006		(3	)
U.S. treasury securities		14,990		(1	)
Total	$	66,781	$	(11	)

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