XML 24 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 286,454 $ 321,065
Restricted cash 0 47,805
Accounts receivable 113,375 83,634
Commissions receivable-current 89,120 51,209
Other current assets 4,486 10,121
Total current assets 493,435 513,834
COMMISSIONS RECEIVABLE—Net 756,777 461,752
PROPERTY AND EQUIPMENT—Net 29,510 22,150
SOFTWARE—Net 12,611 8,399
OPERATING LEASE RIGHT-OF-USE ASSETS 31,414 0
INTANGIBLE ASSETS—Net 40,670 19,673
GOODWILL 68,019 46,577
OTHER ASSETS 1,436 1,408
TOTAL ASSETS 1,433,872 1,073,793
CURRENT LIABILITIES:    
Accounts payable 34,079 22,891
Accrued expenses 20,676 14,936
Accrued compensation and benefits 40,909 22,228
Earnout liability 0 30,812
Operating lease liabilities—current 5,289 0
Other current liabilities 7,864 4,944
Total current liabilities 108,817 95,811
Long-term Debt, Excluding Current Maturities 459,043 311,814
DEFERRED INCOME TAXES 140,988 105,844
OPERATING LEASE LIABILITIES 38,392 0
OTHER LIABILITIES 11,743 14,635
Total liabilities 758,983 528,104
COMMITMENTS AND CONTINGENCIES (Note 11)
SHAREHOLDERS’ EQUITY:    
Common stock, $0.01 par value—700,000,000 shares authorized; 163,510,191 and 162,190,730 shares issued and outstanding as of June 30, 2021 and 2020, respectively 1,635 1,622
Additional paid-in capital 544,771 548,113
Retained earnings (accumulated deficit) 128,254 (2,792)
Accumulated other comprehensive income (loss) 229 (1,254)
Total shareholders’ equity 674,889 545,689
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,433,872 $ 1,073,793