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Basis of Presentation (Tables) | 9 Months Ended
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Mar. 31, 2020
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 March 31, | ​ | Nine Months Ended March 31,
​ |  | 2019 |  | 2020 |  | 2019 |  | 2020
Net income available to common stockholders | ​ | $ | 19,626 | ​ | $ | 19,558 | ​ | $ | 48,135 | ​ | $ | 61,287
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding—basic | ​ |  | 18,079 | ​ |  | 18,182 | ​ |  | 18,085 | ​ |  | 18,251
Dilutive effect of equity awards | ​ |  | 592 | ​ |  | 331 | ​ |  | 593 | ​ |  | 442
Weighted average shares outstanding—diluted | ​ |  | 18,671 | ​ |  | 18,513 | ​ |  | 18,678 | ​ |  | 18,693
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share | ​ | $ | 1.09 | ​ | $ | 1.08 | ​ | $ | 2.66 | ​ | $ | 3.36
Diluted earnings per share | ​ | $ | 1.05 | ​ | $ | 1.06 | ​ | $ | 2.58 | ​ | $ | 3.28
Shares excluded from diluted earnings per share due to their anti-dilutive effect | ​ | ​ | 44 | ​ | ​ | 145 | ​ | ​ | 46 | ​ | ​ | 100
​
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 | ​ | March 31, 2020
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Insurance company contracts |  | $ | — |  | $ | 35,899 |  | $ | — |  | $ | 35,899 |  | $ | — | ​ | $ | 32,441 |  | $ | — |  | $ | 32,441
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | — | ​ | $ | — | ​ | $ | 16,577 | ​ | $ | 16,577 | ​ | $ | — | ​ | $ | — | ​ | $ | 13,206 | ​ | $ | 13,206
Schedule of contract assets and contract liabilities | ​ Contract assets and liabilities were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | March 31, |  | ​ | ​ |  | ​ |
Contract Assets: | ​ | 2019 | ​ | 2020 | ​ | Change | ​ | % Change |
Unbilled revenue | ​ | $ | 19,287 | ​ | $ | 34,706 | ​ | $ | 15,419 |  | 80 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract Liabilities: |  | ​ |  | ​ |  | ​ |  | ​ |
Advances from customers | ​ | $ | 43,227 | ​ | $ | 32,968 | ​ | $ | (10,259) | ​ | (24) | %
Deferred revenue—current | ​ |  | 33,641 | ​ |  | 30,745 | ​ |  | (2,896) | ​ | (9) | %
Deferred revenue—long-term | ​ |  | 9,506 | ​ |  | 14,511 | ​ |  | 5,005 | ​ | 53 | %
Schedule of components of operating lease expense | The components of operating lease expense were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ |  | March 31, 2020 |  | March 31, 2020
Operating lease cost | ​ | $ | 2,525 | ​ | $ | 7,771
Variable lease cost |  | ​ | 237 | ​ | ​ | 551
Short-term lease cost |  | ​ | 350 | ​ | ​ | 745
​ | ​ | $ | 3,112 | ​ | $ | 9,067
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 |  | March 31, 2020
Operating lease ROU assets, net |  | Other assets | ​ | $ | 26,397
​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities, current portion |  | Other accrued expenses and current liabilities | ​ | $ | 8,118
Operating lease liabilities, long-term |  | Other long-term liabilities | ​ |  | 18,648
Total operating lease liabilities |  |  | ​ | $ | 26,766
​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term |  |  | ​ |  | 4.4 years
Weighted average discount rate |  |  | ​ |  | 4.3%
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 | ​ | Nine Months Ended
​ |  | March 31, 2020 |  | March 31, 2020
Cash paid for operating lease liabilities | ​ | $ | 2,466 | ​ | $ | 7,664
ROU assets obtained in exchange for new lease obligations | ​ | ​ | 2,239 | ​ |  | 3,718
Schedule of maturities of operating lease liabilities | Maturities of operating lease liabilities under ASC 842 (defined below) at March 31, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​
​ |  | March 31, 2020
Less than one year | ​ | $ | 9,036
1 – 2 years | ​ |  | 6,808
2 – 3 years | ​ |  | 4,318
3 – 4 years | ​ |  | 3,562
4 – 5 years | ​ |  | 2,529
Thereafter | ​ |  | 3,143
​ | ​ |  | 29,396
Less: Imputed interest | ​ |  | (2,630)
Total lease liabilities | ​ | $ | 26,766
​ 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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