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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 96,465 $ 202,287
Corporate investments 0 4,456
Accounts receivable, net 17,794 6,267
Deferred contract costs 54,735 44,230
Prepaid expenses and other 23,430 15,966
Total current assets before funds held for clients 192,424 273,206
Funds held for clients 4,324,567 1,759,677
Total current assets 4,516,991 2,032,883
Capitalized internal-use software, net 57,713 45,018
Property and equipment, net 64,004 59,835
Operating lease right-of-use assets 50,808 43,984
Intangible assets, net 48,245 13,027
Goodwill 102,183 33,650
Long-term deferred contract costs 209,580 170,663
Long-term prepaid expenses and other 7,910 4,223
Deferred income tax assets 21,804 11,602
Total assets 5,079,238 2,414,885
Current liabilities:    
Accounts payable 5,051 4,230
Accrued expenses 108,820 103,109
Total current liabilities before client fund obligations 113,871 107,339
Client fund obligations 4,324,567 1,759,677
Total current liabilities 4,438,438 1,867,016
Long-term operating lease liabilities 71,178 67,201
Other long-term liabilities 2,422 1,958
Deferred income tax liabilities 1,781 1,780
Total liabilities 4,513,819 1,937,955
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2021 and March 31, 2022 0 0
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2021 and March 31, 2022; 54,594 shares issued and outstanding at June 30, 2021 and 55,120 shares issued and outstanding at March 31, 2022 55 55
Additional paid-in capital 256,204 241,718
Retained earnings 310,722 235,091
Accumulated other comprehensive income (loss) (1,562) 66
Total stockholders' equity 565,419 476,930
Total liabilities and stockholders’ equity $ 5,079,238 $ 2,414,885