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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 305,389 $ 321,065
Restricted cash 41,982 47,805
Accounts receivable 69,273 83,634
Commissions receivable-current 56,321 51,209
Other current assets 7,528 10,121
Total current assets 480,493 513,834
COMMISSIONS RECEIVABLE—Net 502,582 461,752
PROPERTY AND EQUIPMENT—Net 24,535 22,150
SOFTWARE—Net 9,339 8,399
OPERATING LEASE RIGHT-OF-USE ASSETS 30,142 0
INTANGIBLE ASSETS—Net 18,820 19,673
GOODWILL 46,456 46,577
OTHER ASSETS 1,438 1,408
TOTAL ASSETS 1,113,805 1,073,793
CURRENT LIABILITIES:    
Accounts payable 10,184 22,891
Accrued expenses 14,667 14,936
Accrued compensation and benefits 24,530 22,228
Earnout liability 31,571 30,812
Operating lease liabilities—current 4,685 0
Other current liabilities 22,406 4,944
Total current liabilities 108,043 95,811
DEBT 312,575 311,814
DEFERRED INCOME TAXES 104,547 105,844
OPERATING LEASE LIABILITIES 37,600 0
OTHER LIABILITIES 6,066 14,635
Total liabilities 568,831 528,104
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS’ EQUITY:    
Common stock, $0.01 par value 1,625 1,622
Additional paid-in capital 546,815 548,113
Accumulated deficit (1,955) (2,792)
Accumulated other comprehensive loss (1,511) (1,254)
Total shareholders’ equity 544,974 545,689
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,113,805 $ 1,073,793