XML 39 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues:        
Recurring and other revenue $ 127,980 $ 102,739 $ 249,853 $ 199,741
Interest income on funds held for clients 4,394 4,465 9,241 7,967
Total revenues 132,374 107,204 259,094 207,708
Cost of revenues:        
Cost of revenues 45,424 38,070 88,054 74,012
Gross profit 86,950 69,134 171,040 133,696
Operating expenses:        
Sales and marketing 37,293 26,570 74,250 52,988
Research and development 15,410 12,798 29,804 24,198
General and administrative 28,133 22,739 54,872 45,707
Total operating expenses 80,836 62,107 158,926 122,893
Operating income 6,114 7,027 12,114 10,803
Other income 285 346 759 615
Income before income taxes 6,399 7,373 12,873 11,418
Income tax expense (benefit) 932 1,669 (6,500) (4,138)
Net income 5,467 5,704 19,373 15,556
Other comprehensive loss, net of tax        
Unrealized losses on securities, net of tax (36) (15) (32)  
Total other comprehensive loss, net of tax (36) (15) (32)  
Comprehensive income $ 5,431 $ 5,689 $ 19,341 $ 15,556
Net income per share:        
Basic (in dollars per share) $ 0.10 $ 0.11 $ 0.36 $ 0.29
Diluted (in dollars per share) $ 0.10 $ 0.10 $ 0.35 $ 0.28
Weighted-average shares used in computing net income per share:        
Basic (in shares) 53,542 52,842 53,415 52,853
Diluted (in shares) 55,826 55,081 55,692 55,232