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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net revenue $ 118,101 $ 104,096 $ 244,715 $ 216,965
Cost of revenue [1] 105,318 90,915 218,507 187,728
Gross profit 12,783 13,181 26,208 29,237
Operating expenses:        
Product development [1] 3,399 2,995 6,955 6,300
Sales and marketing [1] 2,592 2,283 4,955 4,327
General and administrative [1] 5,498 5,049 11,323 10,443
Operating income 1,294 2,854 2,975 8,167
Interest income 54 69 126 135
Interest expense (177) (98) (389) (98)
Other (expense) income, net (9) 115 (266) 48
Income before income taxes 1,162 2,940 2,446 8,252
Benefit from income taxes 387 49,886 235 49,871
Net income $ 1,549 $ 52,826 $ 2,681 $ 58,123
Net income per share:        
Basic $ 0.03 $ 1.07 $ 0.05 $ 1.18
Diluted $ 0.03 $ 1.00 $ 0.05 $ 1.11
Weighted-average shares used in computing net income per share:        
Basic 51,414 49,490 51,129 49,077
Diluted 53,489 52,682 53,407 52,562
[1]

(1)

Cost of revenue and operating expenses include stock-based compensation expense as follows:

 

Cost of revenue

 

$

2,347

 

 

$

2,001

 

 

$

4,837

 

 

$

3,540

 

Product development

 

 

518

 

 

 

427

 

 

 

1,002

 

 

 

828

 

Sales and marketing

 

 

558

 

 

 

429

 

 

 

979

 

 

 

713

 

General and administrative

 

 

1,277

 

 

 

1,022

 

 

 

2,530

 

 

 

1,909