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Corporate Investments and Funds Held For Clients (Tables) | 3 Months Ended
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Sep. 30, 2021
Corporate Investments and Funds Held for Clients |
Schedule of corporate investments and funds held for clients | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2021
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | unrealized | ​ | unrealized | ​ | ​
Type of Issue | ​ | cost | ​ | gains |  | losses |  | Fair value
Cash and cash equivalents | ​ | $ | 202,287 | ​ | $ | — | ​ | $ | — | ​ | $ | 202,287
Funds held for clients' cash and cash equivalents | ​ | ​ | 1,743,594 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,743,594
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate bonds | ​ | ​ | 13,390 | ​ | ​ | 70 | ​ | ​ | — | ​ | ​ | 13,460
Asset-backed securities | ​ | ​ | 7,062 | ​ | ​ | 17 | ​ | ​ | — | ​ | ​ | 7,079
Total available-for-sale securities (1) | ​ | ​ | 20,452 | ​ | ​ | 87 | ​ | ​ | — | ​ | ​ | 20,539
Total investments | ​ | $ | 1,966,333 | ​ | $ | 87 | ​ | $ | — | ​ | $ | 1,966,420
​
| (1) | Included within the fair value of total available-for-sale securities above is $4,456 of corporate investments and $16,083 of funds held for clients.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | unrealized | ​ | unrealized | ​ | ​
Type of Issue | ​ | cost | ​ | gains |  | losses |  | Fair value
Cash and cash equivalents | ​ | $ | 66,431 | ​ | $ | — | ​ | $ | — | ​ | $ | 66,431
Funds held for clients' cash and cash equivalents | ​ | ​ | 3,042,121 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,042,121
Available-for-sale securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial paper | ​ | ​ | 70,166 | ​ | ​ | 5 | ​ | ​ | (1) | ​ | ​ | 70,170
Corporate bonds | ​ | ​ | 44,305 | ​ | ​ | 24 | ​ | ​ | (26) | ​ | ​ | 44,303
Asset-backed securities | ​ | ​ | 7,836 | ​ | ​ | 5 | ​ | ​ | (1) | ​ | ​ | 7,840
Certificates of deposit | ​ | ​ | 15,376 | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | 15,378
U.S government agency securities | ​ | ​ | 7,000 | ​ | ​ | — | ​ | ​ | (18) | ​ | ​ | 6,982
Other | ​ | ​ | 1,880 | ​ | ​ | — | ​ | ​ | (3) | ​ | ​ | 1,877
Total available-for-sale securities (2) | ​ | ​ | 146,563 | ​ | ​ | 36 | ​ | ​ | (49) | ​ | ​ | 146,550
Total investments | ​ | $ | 3,255,115 | ​ | $ | 36 | ​ | $ | (49) | ​ | $ | 3,255,102
​
| (2) | Included within the fair value of total available-for-sale securities above is $3,151 of corporate investments and $143,399 of funds held for clients.
Schedule of the classification of investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | September 30,
​ | ​ | 2021 |  | 2021
Cash and cash equivalents | ​ | $ | 202,287 | ​ | $ | 66,431
Corporate investments | ​ | ​ | 4,456 | ​ | ​ | 3,151
Funds held for clients | ​ | ​ | 1,759,677 | ​ | ​ | 3,185,520
Total investments | ​ | $ | 1,966,420 | ​ | $ | 3,255,102
Schedule of available-for-sale securities that have been in an unrealized loss position for less than 12 months | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | Securities in an unrealized loss
​ | ​ | position for less than 12 months
​ | ​ | Gross | ​ | ​
​ | ​ | unrealized | ​ | Fair
​ | ​ | losses |  | Value
Commercial paper | ​ | $ | (1) | ​ | $ | 20,239
Corporate bonds | ​ |  | (26) | ​ |  | 27,743
Asset-backed securities | ​ | ​ | (1) | ​ | ​ | 3,009
U.S. government agency securities | ​ | ​ | (18) | ​ | ​ | 6,982
Other | ​ | ​ | (3) | ​ | ​ | 1,877
Total available-for-sale securities | ​ | $ | (49) | ​ | $ | 59,850
Schedule of expected maturities of available-for-sale securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Fair
​ | ​ | cost | ​ | value
One year or less | ​ | $ | 102,679 | ​ | $ | 102,708
One year to two years | ​ | ​ | 25,865 | ​ | ​ | 25,855
Two years to three years | ​ | ​ | 9,958 | ​ | ​ | 9,941
Three years to five years | ​ | ​ | 8,061 | ​ | ​ | 8,046
Total available-for-sale securities | ​ | $ | 146,563 | ​ | $ | 146,550

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