Funds Held for Customers (Tables)

12 Months Ended

Jun. 30, 2021

Investments Debt And Equity Securities [Abstract]

Summary of Funds Held For Customers

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

	June 30,
	2021			2020
Restricted cash and other receivables	$	1,208,598		$	586,893
Restricted cash equivalents		86,322			433,709
Corporate bonds		516,350			493,879
Certificates of deposit		326,927			85,953
Municipal bonds		42,957			—
Asset backed securities		25,085			—
U.S. treasury securities		3,009			48,952
Total funds held for customers		2,209,248			1,649,386
Less - income earned by the Company    included in other current assets		(650	)		(5,136	)
Total funds held for customers, net    of income earned by the Company	$	2,208,598		$	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 (in thousands):

	June 30, 2021
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Corporate bonds	$	516,364	$	24	$	(38	)	$	516,350
Certificates of deposit		326,927		—		—			326,927
Municipal bonds		42,952		5		—			42,957
Asset backed securities		25,081		4		—			25,085
U.S. treasury securities		3,010		—		(1	)		3,009
Total	$	914,334	$	33	$	(39	)	$	914,328

	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

Summary of Gross Unrealized Losses And Fair Values

As of June 30, 2021, approximately 60 of the more than 260 investment positions were in an unrealized loss position. The following tables present the gross unrealized losses and fair values of those investments that were in an unrealized loss position as of the periods presented (in thousands):

	June 30, 2021
	Fair value		Unrealized losses
Corporate bonds	$	79,359	$	(38	)
U.S. treasury securities		2,501		(1	)
Total	$	81,860	$	(39	)

	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	)