PREPAID EXPENSES AND OTHER ASSETS

6 Months Ended

Dec. 31, 2022

Prepaid expenses and other current assets:


	As of December 31, 2022		As of June 30, 2022
Deposits and restricted cash	$	2,607	$	6,300
Capitalized costs to obtain a contract	29,421		27,077
Derivative asset	6,848		—
Short-term prepaid expenses and other current assets	92,296		87,175
Total	$	131,172	$	120,552

Other assets:


	As of December 31, 2022		As of June 30, 2022
Deposits and restricted cash	$	9,894	$	6,462
Capitalized costs to obtain a contract	54,118		55,484
Deferred debt issuance costs	54,917		—
Investments	164,227		173,205
Long-term prepaid expenses and other long-term assets	20,403		21,836
Total	$	303,559	$	256,987

Deposits and restricted cash primarily relate to security deposits provided to landlords in accordance with facility lease agreements and cash restricted per the terms of certain contractual-based agreements.

Capitalized costs to obtain a contract relate to incremental costs of obtaining a contract, such as sales commissions, which are eligible for capitalization on contracts to the extent that such costs are expected to be recovered (see Note 3 “Revenues”).

Derivative asset represents the assets related to the unrealized gains on our derivatives not designated as hedges related to the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities”).

Deferred debt issuance costs represents fees incurred related to the Acquisition Term Loan. See Note 11 “Long-Term Debt.”

Investments relate to certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20%. These investments are accounted for using the equity method. Our share of net income or losses based on our interest in these investments, which approximates fair value and is subject to volatility based on market trends and business conditions, is recorded as a component of Other income (expense), net in our Condensed Consolidated Statements of Income (see Note 22 “Other Income (Expense), Net”). During the three and six months ended December 31, 2022, our share of income (loss) from these investments was $(0.3) million and $(6.8) million, respectively (three and six months ended December 31, 2021—$2.0 million and $31.4 million, respectively).

Prepaid expenses and other assets, both short-term and long-term, include advance payments on licenses that are being amortized over the applicable terms of the licenses and other miscellaneous assets.