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Corporate Investments and Funds Held For Clients - Reconciliation (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018
--- | --- | --- | ---
Corporate Investments and Funds Held for Clients |  |  |
Amortized cost of cash and cash equivalents | $ 75,902 | $ 132,478 |
Cash and cash equivalents, gross unrealized gains | 1 |  |
Cash and cash equivalents, gross unrealized losses | (3) | (2) |
Fair value of cash and cash equivalents | 75,900 | 132,476 | $ 84,114
Amortized cost of funds held for clients' cash and cash equivalents | 1,660,771 | 1,293,673 |
Funds held for clients' cash and cash equivalents, gross unrealized gains | 1 |  |
Funds held for clients' cash and cash equivalents, gross unrealized losses | (1) | (6) |
Fair value of funds held for clients' cash and cash equivalents | 1,660,771 | 1,293,667 | $ 1,126,730
Available-for-sale securities |  |  |
Amortized cost | 260,886 | 130,665 |
Gross unrealized gains | 138 | 168 |
Gross unrealized losses | (26) | (9) |
Fair value | 260,998 | 130,824 |
Total investments at amortized cost | 1,997,559 | 1,556,816 |
Total investments gross unrealized gain | 140 | 168 |
Total investments gross unrealized loss | (30) | (17) |
Total investments at fair value | 1,997,669 | 1,556,967 |
Commercial paper |  |  |
Available-for-sale securities |  |  |
Amortized cost | 148,627 | 63,397 |
Gross unrealized gains | 7 | 33 |
Gross unrealized losses | (8) | (2) |
Fair value | 148,626 | 63,428 |
Corporate bonds |  |  |
Available-for-sale securities |  |  |
Amortized cost | 22,511 | 27,044 |
Gross unrealized gains | 54 | 59 |
Gross unrealized losses | (1) | (4) |
Fair value | 22,564 | 27,099 |
Asset-backed securities |  |  |
Available-for-sale securities |  |  |
Amortized cost | 55,857 | 26,488 |
Gross unrealized gains | 68 | 55 |
Gross unrealized losses | (14) | (3) |
Fair value | 55,911 | 26,540 |
U.S. treasury securities |  |  |
Available-for-sale securities |  |  |
Amortized cost | 33,891 | 13,736 |
Gross unrealized gains | 9 | 21 |
Gross unrealized losses | (3) |  |
Fair value | 33,897 | 13,757 |
Corporate investments |  |  |
Available-for-sale securities |  |  |
Fair value | 76,475 | 30,022 |
Funds held for clients |  |  |
Available-for-sale securities |  |  |
Fair value | $ 184,523 | $ 100,802 |

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