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Corporate Investments and Funds Held For Clients - Classification (Details) - USD ($) $ in Thousands | 12 Months Ended
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Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2018
Corporate Investments and Funds Held for Clients |  |  |
Cash and cash equivalents | $ 250,851 | $ 132,476 | $ 137,193
Corporate investments | 34,556 | 29,314 |
Funds held for clients | 1,327,304 | 1,394,469 |
Long-term prepaid expenses and other | 2,599 | 708 |
Total investments at fair value | 1,615,310 | 1,556,967 |
Available-for-sale securities |  |  |
Unrealized loss on available-for-sale securities in a loss position for less than 12 months |  | (4) |
Fair market value of available-for-sale securities in an unrealized loss position less than 12 months |  | 20,941 |
Unrealized loss on available-for-sale securities in a loss position for greater than 12 months |  | (5) |
Fair market value of available-for-sale securities in an unrealized loss position greater than 12 months |  | 6,659 |
Total gross unrealized losses |  | (9) |
Total fair value |  | 27,600 |
Gross realized gains and losses on the sale of available-for-sale securities | 0 | 0 | 0
OTTI in accumulated other comprehensive income | 0 | 0 | 0
Reclassification out of Accumulated Other Comprehensive Income (Loss) |  |  |
Available-for-sale securities |  |  |
Gross realized gains and losses on the sale of available-for-sale securities | $ 0 | 0 | $ 0
Commercial paper |  |  |
Available-for-sale securities |  |  |
Unrealized loss on available-for-sale securities in a loss position for less than 12 months |  | (2) |
Fair market value of available-for-sale securities in an unrealized loss position less than 12 months |  | 19,055 |
Total gross unrealized losses |  | (2) |
Total fair value |  | 19,055 |
Corporate bonds |  |  |
Available-for-sale securities |  |  |
Unrealized loss on available-for-sale securities in a loss position for less than 12 months |  | (1) |
Fair market value of available-for-sale securities in an unrealized loss position less than 12 months |  | 1,500 |
Unrealized loss on available-for-sale securities in a loss position for greater than 12 months |  | (3) |
Fair market value of available-for-sale securities in an unrealized loss position greater than 12 months |  | 3,701 |
Total gross unrealized losses |  | (4) |
Total fair value |  | 5,201 |
Asset-backed securities |  |  |
Available-for-sale securities |  |  |
Unrealized loss on available-for-sale securities in a loss position for less than 12 months |  | (1) |
Fair market value of available-for-sale securities in an unrealized loss position less than 12 months |  | 386 |
Unrealized loss on available-for-sale securities in a loss position for greater than 12 months |  | (2) |
Fair market value of available-for-sale securities in an unrealized loss position greater than 12 months |  | 2,958 |
Total gross unrealized losses |  | (3) |
Total fair value |  | $ 3,344 |

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