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Corporate Investments and Funds Held For Clients - Reconciliation (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2018
--- | --- | --- | ---
Corporate Investments and Funds Held for Clients |  |  |
Amortized cost of cash and cash equivalents | $ 250,851 | $ 132,478 |
Cash and cash equivalents, gross unrealized gains |  |  |
Cash and cash equivalents, gross unrealized losses |  | (2) |
Fair value of cash and cash equivalents | 250,851 | 132,476 | $ 137,193
Amortized cost of funds held for clients' cash and cash equivalents | 1,241,282 | 1,293,673 |
Funds held for clients' cash and cash equivalents, gross unrealized gains |  |  |
Funds held for clients' cash and cash equivalents, gross unrealized losses |  | (6) |
Fair value of funds held for clients' cash and cash equivalents | 1,241,282 | 1,293,667 | $ 1,102,538
Available-for-sale securities |  |  |
Amortized cost | 122,266 | 130,665 |
Gross unrealized gains | 911 | 168 |
Gross unrealized losses |  | (9) |
Fair value | 123,177 | 130,824 |
Total investments at amortized cost | 1,614,399 | 1,556,816 |
Total investments gross unrealized gain | 911 | 168 |
Total investments gross unrealized loss |  | (17) |
Total investments at fair value | 1,615,310 | 1,556,967 |
Commercial paper |  |  |
Available-for-sale securities |  |  |
Amortized cost | 6,643 | 63,397 |
Gross unrealized gains | 6 | 33 |
Gross unrealized losses |  | (2) |
Fair value | 6,649 | 63,428 |
Corporate bonds |  |  |
Available-for-sale securities |  |  |
Amortized cost | 44,343 | 27,044 |
Gross unrealized gains | 414 | 59 |
Gross unrealized losses |  | (4) |
Fair value | 44,757 | 27,099 |
Asset-backed securities |  |  |
Available-for-sale securities |  |  |
Amortized cost | 49,978 | 26,488 |
Gross unrealized gains | 424 | 55 |
Gross unrealized losses |  | (3) |
Fair value | 50,402 | 26,540 |
U.S. treasury securities |  |  |
Available-for-sale securities |  |  |
Amortized cost | 21,302 | 13,736 |
Gross unrealized gains | 67 | 21 |
Fair value | 21,369 | 13,757 |
Corporate investments |  |  |
Available-for-sale securities |  |  |
Fair value | 37,155 | 30,022 |
Funds held for clients |  |  |
Available-for-sale securities |  |  |
Fair value | $ 86,022 | $ 100,802 |

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