PREPAID EXPENSES AND OTHER ASSETS

12 Months Ended

Jun. 30, 2022

Prepaid expenses and other current assets:


	As of June 30, 2022		As of June 30, 2021
Deposits and restricted cash	$	6,300	$	3,027
Capitalized costs to obtain a contract	27,077		22,601
Short-term prepaid expenses and other current assets	87,175		72,923
Total	$	120,552	$	98,551

Other assets:


	As of June 30, 2022		As of June 30, 2021
Deposits and restricted cash	$	6,462	$	11,577
Capitalized costs to obtain a contract	55,484		50,299
Investments	173,205		121,777
Long-term prepaid expenses and other long-term assets	21,836		25,241
Total	$	256,987	$	208,894

Deposits and restricted cash primarily relate to security deposits provided to landlords in accordance with facility lease agreements and cash restricted per the terms of certain contractual-based agreements.

Capitalized costs to obtain a contract relate to incremental costs of obtaining a contract, such as sales commissions, which are eligible for capitalization on contracts to the extent that such costs are expected to be recovered (see Note 3 “Revenues”).

Investments relate to certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20%. These investments are accounted for using the equity method. Our share of net income or losses based on our interest in these investments, which approximates fair value and subject to volatility based on market trends and business conditions, is recorded as a component of Other income (expense), net in our Consolidated Statements of Income (see Note 23 “Other Income (Expense), Net”).

During the year ended June 30, 2022, our share of income (loss) from these investments was $58.7 million (year ended June 30, 2021 and 2020 — $62.9 million and $8.7 million, respectively).

Prepaid expenses and other assets, both short-term and long-term, include advance payments on licenses that are being amortized over the applicable terms of the licenses and other miscellaneous assets.