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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 75,900 $ 132,476
Corporate investments 69,849 29,314
Accounts receivable, net 4,348 4,358
Deferred contract costs 26,150 21,677
Prepaid expenses and other 12,876 13,895
Total current assets before funds held for clients 189,123 201,720
Funds held for clients 1,845,294 1,394,469
Total current assets 2,034,417 1,596,189
Capitalized internal-use software, net 31,619 27,486
Property and equipment, net 71,090 70,056
Operating lease right-of-use assets 51,659  
Intangible assets, net 9,626 10,751
Goodwill 9,590 9,590
Long-term deferred contract costs 99,383 81,422
Long-term prepaid expenses and other 8,290 1,975
Deferred income tax assets 7,758 6,472
Total assets 2,323,432 1,803,941
Current liabilities:    
Accounts payable 3,714 3,954
Accrued expenses 62,853 57,625
Total current liabilities before client fund obligations 66,567 61,579
Client fund obligations 1,845,294 1,394,469
Total current liabilities 1,911,861 1,456,048
Deferred rent   31,263
Long-term operating lease liabilities 76,929  
Other long-term liabilities 1,360 1,723
Deferred income tax liabilities 1,718 6,943
Total liabilities 1,991,868 1,495,977
Stockholders' equity:    
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2019 and December 31, 2019
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2019 and December 31, 2019; 53,075 shares issued and outstanding at June 30, 2019 and 53,573 shares issued and outstanding at December 31, 2019 54 53
Additional paid-in capital 212,240 207,982
Retained earnings 119,190 99,817
Accumulated other comprehensive income 80 112
Total stockholders' equity 331,564 307,964
Total liabilities and stockholders' equity $ 2,323,432 $ 1,803,941