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Summary of Significant Accounting Policy (Tables) | 12 Months Ended
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Jun. 30, 2020
Summary of Significant Accounting Policies |
Schedule of disaggregation of revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended June 30,
​ | ​ | ​ | 2020 |  | 2019
​ | ​ | ​ | ​ | (In thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Public School Programs | ​ | ​ | $ | 920,080 | ​ | $ | 890,275
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Institutional | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-managed Public School Programs | ​ | ​ | ​ | 36,195 | ​ | ​ | 50,623
Institutional Software & Services | ​ | ​ | ​ | 38,765 | ​ | ​ | 39,330
Total Institutional | ​ | ​ | ​ | 74,960 | ​ | ​ | 89,953
Private Pay Schools and Other | ​ | ​ | ​ | 45,725 | ​ | ​ | 35,524
Total Revenues | ​ | ​ | $ | 1,040,765 | ​ | $ | 1,015,752
Schedule of accounts receivables, unbilled receivables and deferred revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | June 30,
​ | ​ | ​ | 2020 |  | 2019
​ | ​ | ​ | (In thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts receivable | ​ | ​ | $ | 236,134 | ​ | $ | 191,639
Unbilled receivables (included in accounts receivable) | ​ | ​ | ​ | 15,688 | ​ | ​ | 16,189
Deferred revenue | ​ | ​ | ​ | 24,417 | ​ | ​ | 22,828
Deferred revenue, long-term (included in other long-term liabilities) | ​ | ​ | ​ | 2,236 | ​ | ​ | —
Schedule of useful lives of property and equipment | ​
​ | ​ | ​
​ |  | Useful Life
Student and state testing computers | ​ | 3 - 5 years
Computer hardware | ​ | 3 - 7 years
Computer software | ​ | 3 - 5 years
Web site development | ​ | 3 years
Office equipment | ​ | 5 years
Furniture and fixtures | ​ | 7 years
Leasehold improvements | ​ | Shorter of useful life or term of the lease
Schedule of goodwill activity | ​
​ | ​ | ​ | ​
($ in millions) |  | Amount
Goodwill | ​ | ​ | ​
Balance as of June 30, 2017 | ​ | $ | 87.2
Acquisition of Big Universe, Inc. | ​ | ​ | 3.0
Balance as of June 30, 2018 | ​ | $ | 90.2
Adjustments | ​ | ​ | —
Balance as of June 30, 2019 | ​ | $ | 90.2
Acquisition of Galvanize, Inc. | ​ |  | 84.7
Balance as of June 30, 2020 | ​ | $ | 174.9
Schedule of intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2020 | ​ | June 30, 2019
($ in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Trade names |  | $ | 77.9 |  | $ | (12.0) |  | $ | 65.9 | ​ | $ | 17.6 | ​ | $ | (9.4) | ​ | $ | 8.2
Customer and distributor relationships | ​ | ​ | 25.3 | ​ | ​ | (17.2) | ​ | ​ | 8.1 | ​ | ​ | 20.5 | ​ | ​ | (14.7) | ​ | ​ | 5.8
Developed technology | ​ | ​ | 6.6 | ​ | ​ | (3.5) | ​ | ​ | 3.1 | ​ | ​ | 3.2 | ​ | ​ | (2.8) | ​ | ​ | 0.4
Other | ​ | ​ | 1.4 | ​ | ​ | (1.0) | ​ | ​ | 0.4 | ​ | ​ | 1.4 | ​ | ​ | (0.8) | ​ | ​ | 0.6
Total | ​ | $ | 111.2 | ​ | $ | (33.7) | ​ | $ | 77.5 | ​ | $ | 42.7 |  | $ | (27.7) | ​ | $ | 15.0
Schedule of calculation of basic and diluted net income (loss) per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year Ended June 30,
​ |  |  | ​ | 2020 | ​ | 2019 | ​ | 2018
​ | ​ | ​ | ​ | (In thousands except share and per share data)
Basic net income per share computation: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common stockholders | ​ | ​ | ​ | $ | 24,506 | ​ | $ | 37,209 | ​ | $ | 27,620
Weighted average common shares — basic | ​ | ​ | ​ | ​ | 39,478,928 | ​ | ​ | 38,848,780 | ​ | ​ | 39,282,674
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic net income per share | ​ | ​ | ​ | $ | 0.62 | ​ | $ | 0.96 | ​ | $ | 0.70
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted net income per share computation: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common stockholders | ​ | ​ | ​ | $ | 24,506 | ​ | $ | 37,209 | ​ | $ | 27,620
Share computation: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares — basic | ​ | ​ | ​ | ​ | 39,478,928 | ​ | ​ | 38,848,780 | ​ | ​ | 39,282,674
Effect of dilutive stock options and restricted stock awards | ​ | ​ | ​ | ​ | 1,184,296 | ​ | ​ | 2,096,020 | ​ | ​ | 1,355,070
Weighted average common shares — diluted | ​ | ​ | ​ | ​ | 40,663,224 | ​ | ​ | 40,944,800 | ​ | ​ | 40,637,744
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted net income per share | ​ | ​ | ​ | $ | 0.60 | ​ | $ | 0.91 | ​ | $ | 0.68
Schedule of assets and liabilities measured at fair value on a nonrecurring basis | There were no assets or liabilities measured at fair value on a nonrecurring basis at June 30, 2020 – see Note 12, “Restructuring.” The following table summarizes certain fair value information at June 30, 2019 for assets or liabilities measured at fair value on a nonrecurring basis.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | Fair Value Measurements Using:
| ​ | ​ |  | ​ | Quoted Prices | ​ | ​ | ​ | ​
| ​ | ​ |  | ​ | in Active | ​ | Significant | ​ |
| ​ | ​ |  | ​ | Markets for | ​ | Other | ​ | Significant
| ​ | ​ |  | ​ | Identical | ​ | Observable | ​ | Unobservable
| ​ | ​ |  | ​ | Assets | ​ | Input | ​ | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | ​ | (In thousands)
Lease exit liability | ​ | $ | 1,779 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,779
Schedule of assets and liabilities measured at fair value on a recurring basis | The following table summarizes certain fair value information at June 30, 2020 for assets or liabilities measured at fair value on a recurring basis.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | Fair Value Measurements Using:
| ​ | ​ |  | ​ | Quoted Prices | ​ | ​ | ​ | ​
| ​ | ​ |  | ​ | in Active | ​ | Significant | ​ |
| ​ | ​ |  | ​ | Markets for | ​ | Other | ​ | Significant
| ​ | ​ |  | ​ | Identical | ​ | Observable | ​ | Unobservable
| ​ | ​ |  | ​ | Assets | ​ | Input | ​ | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | ​ | (In thousands)
Convertible note received in acquisition | ​ | $ | 5,006 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,006
​ The following table summarizes certain fair value information at June 30, 2019 for assets or liabilities measured at fair value on a recurring basis.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | Fair Value Measurements Using:
| ​ | ​ |  | ​ | Quoted Prices | ​ | ​ | ​ | ​
| ​ | ​ |  | ​ | in Active | ​ | Significant | ​ |
| ​ | ​ |  | ​ | Markets for | ​ | Other | ​ | Significant
| ​ | ​ |  | ​ | Identical | ​ | Observable | ​ | Unobservable
| ​ | ​ |  | ​ | Assets | ​ | Input | ​ | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | ​ | (In thousands)
Convertible note received in acquisition | ​ | $ | 5,006 | ​ | $ | — | ​ | $ | — | ​ | $ | 5,006
Schedule of activity related to fair value measurements categorized as Level 3 of the valuation hierarchy, valued on a recurring basis | The following table presents activity related to the Company’s fair value measurements categorized as Level 3 of the valuation hierarchy, valued on a recurring basis, for the year ended June 30, 2020. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | ​ | Year Ended June 30, 2020
| ​ | ​ |  | ​ | Purchases, | ​ | ​ |  | ​ | ​ | ​
| ​ | Fair Value | ​ | Issuances, | ​ | Unrealized | ​ | Fair Value
Description |  | June 30, 2019 |  | and Settlements |  | Gains (Losses) |  | June 30, 2020
​ | ​ | (In thousands)
Convertible note received in acquisition | ​ | ​ | 5,006 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,006
​ The following table presents activity related to the Company’s fair value measurements categorized as Level 3 of the valuation hierarchy, valued on a recurring basis, for the year ended June 30, 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | ​ | Year Ended June 30, 2019
| ​ | ​ |  | ​ | Purchases, | ​ | ​ |  | ​ | ​ | ​
| ​ | Fair Value | ​ | Issuances, | ​ | Unrealized | ​ | Fair Value
Description |  | June 30, 2018 |  | and Settlements |  | Gains (Losses) |  | June 30, 2019
​ | ​ | (In thousands)
Contingent consideration associated with acquisitions | ​ | $ | 1,345 | ​ | $ | (1,347) | ​ | $ | 2 | ​ | $ | —
Convertible note received in acquisition | ​ | ​ | — | ​ | ​ | 5,006 | ​ | ​ | — | ​ | ​ | 5,006
​ The following table presents activity related to the Company’s fair value measurements categorized as Level 3 of the valuation hierarchy, valued on a recurring basis, for the year ended June 30, 2018. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | ​ | Year Ended June 30, 2018
| ​ | ​ |  | ​ | Purchases, | ​ | ​ |  | ​ | ​ | ​
| ​ | Fair Value | ​ | Issuances, | ​ | Unrealized | ​ | Fair Value
Description |  | June 30, 2017 |  | and Settlements |  | Gains (Losses) |  | June 30, 2018
| ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (In thousands)
Contingent consideration associated with acquisitions | ​ | ​ | 2,806 | ​ | ​ | (1,319) | ​ | ​ | (142) | ​ | ​ | 1,345

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