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v3.19.3.a.u2

Fair Value Measurement (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018
--- | --- | --- | ---
Fair value measurement |  |  |
Cash and cash equivalents | $ 75,900 | $ 132,476 | $ 84,114
Funds held for clients' cash and cash equivalents | 1,660,771 | 1,293,667 | 1,126,730
Total investments at fair value | 1,997,669 | 1,556,967 |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 260,998 | 130,824 |
Fair value asset transfers |  |  |
Transfers from level 1 to level 2 | 0 |  | 0
Transfers from level 2 to level 1 | 0 |  | $ 0
Level 1 |  |  |
Fair value measurement |  |  |
Cash and cash equivalents | 50,758 | 116,387 |
Funds held for clients' cash and cash equivalents | 1,620,350 | 1,244,856 |
Total investments at fair value | 1,671,108 | 1,361,243 |
Level 2 |  |  |
Fair value measurement |  |  |
Cash and cash equivalents | 25,142 | 16,089 |
Funds held for clients' cash and cash equivalents | 40,421 | 48,811 |
Total investments at fair value | 326,561 | 195,724 |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 260,998 | 130,824 |
Level 3 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 0 | 0 |
Commercial paper |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 148,626 | 63,428 |
Commercial paper | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 148,626 | 63,428 |
Corporate bonds |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 22,564 | 27,099 |
Corporate bonds | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 22,564 | 27,099 |
Asset-backed securities |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 55,911 | 26,540 |
Asset-backed securities | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 55,911 | 26,540 |
U.S. treasury securities |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 33,897 | 13,757 |
U.S. treasury securities | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | $ 33,897 | $ 13,757 |

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