Funds Held for Customers (Tables)

3 Months Ended

Sep. 30, 2020

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):

	September 30,			June 30,
	2020			2020
Restricted cash and other receivables	$	571,626		$	586,893
Restricted cash equivalents		421,372			433,709
Corporate bonds		489,165			493,879
Certificates of deposit		163,819			85,953
U.S. treasury securities		20,787			48,952
Municipal bonds		6,064			—
Total funds held for customers		1,672,833			1,649,386
Less - income earned by the Company    included in other current assets		(3,930	)		(5,136	)
Total funds held for customers, net    of income earned by the Company	$	1,668,903		$	1,644,250

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):

	September 30, 2020
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	488,317	$	862	$	(14	)	$	489,165
Certificates of deposit		163,733		88		(2	)		163,819
U.S. treasury securities		20,779		8		—			20,787
Municipal bonds		6,066		—		(2	)		6,064
Total	$	678,895	$	958	$	(18	)	$	679,835

	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

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):

	September 30, 2020
	Fair value		Unrealized losses
U.S. treasury securities	$	9,502	$	(2	)
Corporate bonds		3,258		(1	)
Total	$	12,760	$	(3	)

	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 the dates presented (in thousands):

	September 30, 2020
	Fair value		Unrealized losses
Corporate bonds	$	58,699	$	(14	)
Certificates of deposit		17,255		(2	)
Municipal bonds		6,064		(2	)
Total	$	82,018	$	(18	)

	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	)