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v3.19.3.a.u2

Basis of Presentation (Tables) | 6 Months Ended
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Dec. 31, 2019
Basis of Presentation |
Schedule of computation of basic and diluted earnings per share | ​ The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended December 31, | ​ | Six Months Ended December 31,
​ |  | 2018 |  | 2019 |  | 2018 |  | 2019
Net income available to common stockholders | ​ | $ | 19,107 | ​ | $ | 20,986 | ​ | $ | 28,509 | ​ | $ | 41,729
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding—basic | ​ |  | 18,085 | ​ |  | 18,312 | ​ |  | 18,088 | ​ |  | 18,285
Dilutive effect of equity awards | ​ |  | 539 | ​ |  | 370 | ​ |  | 591 | ​ |  | 498
Weighted average shares outstanding—diluted | ​ |  | 18,624 | ​ |  | 18,682 | ​ |  | 18,679 | ​ |  | 18,783
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share | ​ | $ | 1.06 | ​ | $ | 1.15 | ​ | $ | 1.58 | ​ | $ | 2.28
Diluted earnings per share | ​ | $ | 1.03 | ​ | $ | 1.12 | ​ | $ | 1.53 | ​ | $ | 2.22
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shares excluded from diluted earnings per share due to their anti-dilutive effect | ​ | ​ | 126 | ​ | ​ | 94 | ​ | ​ | 81 | ​ | ​ | 85
​
Summary of fair values of financial assets and liabilities | The fair values of our financial assets and liabilities are categorized as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2019 | ​ | December 31, 2019
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Insurance company contracts |  | $ | — |  | $ | 35,899 |  | $ | — |  | $ | 35,889 |  | $ | — | ​ | $ | 38,625 |  | $ | — |  | $ | 38,625
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | — | ​ | $ | — | ​ | $ | 16,577 | ​ | $ | 16,577 | ​ | $ | — | ​ | $ | — | ​ | $ | 16,671 | ​ | $ | 16,671
Schedule of contract assets and contract liabilities | ​ The table below shows the balance of our contract assets and liabilities as of June 30, 2019 and December 31, 2019, including the change between the periods (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31, |  | ​ | ​ |  | ​ |
Contract Assets: | ​ | 2019 | ​ | 2019 | ​ | Change | ​ | % Change |
Unbilled revenue | ​ | $ | 19,287 | ​ | $ | 31,985 | ​ | $ | 12,698 |  | 66 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract Liabilities: |  | ​ |  | ​ |  | ​ |  | ​ |
Advances from customers | ​ | $ | 43,227 | ​ | $ | 32,640 | ​ | $ | (10,587) | ​ | (24) | %
Deferred revenue—current | ​ |  | 33,641 | ​ |  | 30,171 | ​ |  | (3,470) | ​ | (10) | %
Deferred revenue—long-term | ​ |  | 9,506 | ​ |  | 8,351 | ​ |  | (1,155) | ​ | (12) | %
Schedule of components of operating lease expense | The components of operating lease expense were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ |  | December 31, 2019 |  | December 31, 2019
Operating lease cost | ​ | $ | 2,597 | ​ | $ | 5,246
Variable lease cost |  | ​ | 176 | ​ | ​ | 314
Short-term lease cost |  | ​ | 186 | ​ | ​ | 395
​ | ​ | $ | 2,959 | ​ | $ | 5,955
Schedule of supplemental balance sheet assets and liabilities related to operating leases | Supplemental balance sheet assets and liabilities related to operating leases were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Balance Sheet Category |  | December 31, 2019
Operating lease ROU assets, net |  | Other assets | ​ | $ | 26,897
​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities, current portion |  | Other accrued expenses and current liabilities | ​ | $ | 8,159
Operating lease liabilities, long-term |  | Other long-term liabilities | ​ |  | 19,084
Total operating lease liabilities |  |  | ​ | $ | 27,243
​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term |  |  | ​ |  | 4.5 years
Weighted average discount rate |  |  | ​ |  | 4.4%
Schedule of supplemental cash flow information related to operating leases | Supplemental cash flow information related to operating leases was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ |  | December 31, 2019 |  | December 31, 2019
Cash paid for operating lease liabilities | ​ | $ | 2,625 | ​ | $ | 5,198
ROU assets obtained in exchange for new lease obligations | ​ | ​ | 165 | ​ |  | 1,479
Schedule of maturities of operating lease liabilities | Maturities of operating lease liabilities under ASC 842 (defined below) at December 31, 2019 were as follows (in thousands): ​
​ | ​ | ​ | ​
​ |  | December 31, 2019
Less than one year | ​ | $ | 9,109
1 – 2 years | ​ |  | 7,024
2 – 3 years | ​ |  | 4,499
3 – 4 years | ​ |  | 3,301
4 – 5 years | ​ |  | 2,539
Thereafter | ​ |  | 3,594
​ | ​ |  | 30,066
Less: Imputed interest | ​ |  | (2,823)
Total lease liabilities | ​ | $ | 27,243
​ Maturities of minimum operating lease liabilities under non-cancelable leases under ASC 840 (defined below) at June 30, 2019 were as follows (in thousands): ​
​ | ​ | ​ | ​
​ |  | June 30, 2019
Less than one year | ​ | $ | 9,802
1 – 2 years | ​ |  | 8,082
2 – 3 years | ​ |  | 5,473
3 – 4 years | ​ |  | 3,397
4 – 5 years | ​ |  | 2,954
Thereafter | ​ |  | 4,583
Total lease liabilities | ​ | $ | 34,291
Schedule of cumulative effect of the changes made to consolidated condensed balance sheet for the adoption of the new lease standard | The cumulative effect of the changes made to our July 1, 2019 consolidated condensed balance sheet for the adoption of the new lease standard was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance at | ​ | Effect of Adoption | ​ | Balance at
Balance Sheet |  | June 30, 2019 |  | of ASC 842 |  | July 1, 2019
Assets |  | ​ | ​ |  | ​ |  |  | ​ |
Other assets | ​ | $ | 56,518 | ​ | $ | 30,066 | ​ | $ | 86,584
Liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Other accrued expenses and current liabilities | ​ | $ | 112,956 | ​ | $ | 8,324 | ​ | $ | 121,280
Other long-term liabilities | ​ |  | 65,398 | ​ |  | 21,742 | ​ |  | 87,140
​

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