REVENUE

12 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE:

The following table disaggregates revenue from contracts by recurring fees and implementation services and other, which the Company believes depicts the nature, amount and timing of its revenue:

	Fiscal Year Ended June 30,
	2022		2021		2020
Recurring fees	$	414,677	$	337,012	$	309,948
Implementation services and other	12,355		13,944		7,672
Recurring and other revenue	$	427,032	$	350,956	$	317,620

Deferred revenue

The Company recognizes deferred revenue for nonrefundable upfront fees as well as for subscription services related to certain ancillary products invoiced prior to the satisfaction of the performance obligation.

The nonrefundable upfront fees related to implementation services are typically included on the client’s first invoice. Implementation fees are deferred and recognized as revenue over an estimated 24-month period to which the material right exists, which is the period the client is expected to benefit from not having to pay an additional nonrefundable implementation fee upon renewal of the service.

The following table summarizes the changes in deferred revenue related to the nonrefundable upfront fees and recurring subscription services:

	Fiscal Year Ended June 30,
	2022		2021
Balance, beginning of period	$	16,047	$	15,916
Deferred revenue acquired	—		1,374
Deferral of revenue	20,552		17,781
Revenue recognized	(19,468)		(19,033)
Impact of foreign exchange	(85)		9
Balance, end of period	$	17,046	$	16,047

Deferred revenue is recorded within deferred revenue and other long-term liabilities on the consolidated balance sheets. The Company will recognize deferred revenue of $11,742 in fiscal year 2023, $4,100 in fiscal year 2024, and $1,204 in fiscal year 2025.

 Deferred contract costs

	As of and for the Fiscal Year Ended June 30, 2022
	Beginning Balance		Capitalization of Costs		Amortization		Ending Balance
Costs to obtain a contract	$	52,926	$	33,569	$	(14,153)	$	72,342
Costs to fulfill a contract	62,457		45,993		(17,318)		91,132
Total	$	115,383	$	79,562	$	(31,471)	$	163,474

	As of and for the Fiscal Year Ended June 30, 2021
	Beginning Balance		Capitalization of Costs		Amortization		Ending Balance
Costs to obtain a contract	$	32,233	$	29,568	$	(8,875)	$	52,926
Costs to fulfill a contract	39,689		33,394		(10,626)		62,457
Total	$	71,922	$	62,962	$	(19,501)	$	115,383

Deferred contract costs are recorded within deferred contract costs and long-term deferred contract costs on the consolidated balance sheets. Amortization of costs to fulfill a contract and costs to obtain a contract are recorded in cost of revenues and sales and marketing expense in the consolidated statements of operations, respectively. The Company regularly reviews its deferred costs for impairment and did not recognize an impairment loss during any period presented in this report.