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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 369,048 $ 321,065
Restricted cash 0 47,805
Accounts receivable 137,839 83,634
Commissions receivable-current 79,579 51,209
Other current assets 4,958 10,121
Total current assets 591,424 513,834
COMMISSIONS RECEIVABLE—Net 684,570 461,752
PROPERTY AND EQUIPMENT—Net 23,311 22,150
SOFTWARE—Net 11,513 8,399
OPERATING LEASE RIGHT-OF-USE ASSETS 30,381 0
INTANGIBLE ASSETS—Net 41,438 19,673
GOODWILL 49,955 46,577
OTHER ASSETS 1,522 1,408
TOTAL ASSETS 1,434,114 1,073,793
CURRENT LIABILITIES:    
Accounts payable 35,467 22,891
Accrued expenses 23,090 14,936
Accrued compensation and benefits 41,693 22,228
Earnout liability 0 30,812
Operating lease liabilities—current 5,130 0
Other current liabilities 9,869 4,944
Total current liabilities 115,249 95,811
DEBT 460,615 311,814
DEFERRED INCOME TAXES 138,870 105,844
OPERATING LEASE LIABILITIES 37,716 0
OTHER LIABILITIES 11,149 14,635
Total liabilities 763,599 528,104
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS’ EQUITY:    
Common stock, $0.01 par value 1,634 1,622
Additional paid-in capital 543,524 548,113
Retained earnings (accumulated deficit) 124,942 (2,792)
Accumulated other comprehensive income (loss) 415 (1,254)
Total shareholders’ equity 670,515 545,689
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,434,114 $ 1,073,793