Fair Value Measurement (Tables)

3 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following tables set forth the fair value of assets and liabilities that were measured at fair value on a recurring basis based on the three-tier fair value hierarchy as of the dates presented (in thousands):

	September 30, 2020
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Money market funds	$	7,615	$	—	$	—	$	7,615
		7,615		—		—		7,615
Short-term investments:
U.S. treasury securities		45,054		—		—		45,054
Corporate bonds		—		69,573		—		69,573
Asset-backed securities		—		21,544		—		21,544
		45,054		91,117		—		136,171
Funds held for customers:
Restricted cash equivalents		387,710		33,662		—		421,372
Corporate bonds		—		489,165		—		489,165
Certificates of deposit		—		163,819		—		163,819
U.S. treasury securities		20,787		—		—		20,787
Municipal bonds		—		6,064		—		6,064
		408,497		692,710		—		1,101,207
Total assets measured at fair value	$	461,166	$	783,827	$	—	$	1,244,993

	June 30, 2020
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Money market funds	$	20,075	$	—	$	—	$	20,075
		20,075		—		—		20,075
Short-term investments:
U.S. treasury securities		28,368		—		—		28,368
Corporate bonds		—		71,131		—		71,131
Asset-backed securities		—		24,475		—		24,475
		28,368		95,606		—		123,974
Funds held for customers:
Restricted cash equivalents		357,350		76,359		—		433,709
Corporate bonds		—		493,879		—		493,879
Certificates of deposit		—		85,953		—		85,953
U.S. treasury securities		48,952		—		—		48,952
		406,302		656,191		—		1,062,493
Total assets measured at fair value	$	454,745	$	751,797	$	—	$	1,206,542