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Fair Value Measurement (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2020
--- | --- | --- | ---
Fair value measurement |  |  |
Cash and cash equivalents | $ 84,104 | $ 202,287 | $ 218,696
Funds held for clients' cash and cash equivalents | 1,770,689 | 1,743,594 | $ 2,154,552
Available-for-sale securities: |  |  |
Total available-for-sale securities | 149,374 | 20,539 |
Total investments at fair value | 2,004,167 | 1,966,420 |
Level 3 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 0 | 0 |
Level 1 |  |  |
Fair value measurement |  |  |
Cash and cash equivalents | 84,104 | 202,287 |
Funds held for clients' cash and cash equivalents | 1,770,289 | 1,743,594 |
Available-for-sale securities: |  |  |
Total investments at fair value | 1,854,393 | 1,945,881 |
Level 2 |  |  |
Fair value measurement |  |  |
Funds held for clients' cash and cash equivalents | 400 |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 149,374 | 20,539 |
Total investments at fair value | 149,774 | 20,539 |
Commercial paper |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 62,227 |  |
Commercial paper | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 62,227 |  |
Corporate bonds |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 42,587 | 13,460 |
Corporate bonds | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 42,587 | 13,460 |
Asset-backed securities |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 10,336 | 7,079 |
Asset-backed securities | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 10,336 | $ 7,079 |
Certificates of deposit |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 20,493 |  |
Certificates of deposit | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 20,493 |  |
U.S. treasury securities |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 4,023 |  |
U.S. treasury securities | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 4,023 |  |
U.S government agency securities |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 6,899 |  |
U.S government agency securities | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 6,899 |  |
Other |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | 2,809 |  |
Other | Level 2 |  |  |
Available-for-sale securities: |  |  |
Total available-for-sale securities | $ 2,809 |  |

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