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Balance Sheet Components
12 Months Ended
Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Balance Sheet Components

8. Balance Sheet Components

Accounts Receivable, Net

Accounts receivable, net was comprised of the following (in thousands):

 

 

 

June 30,

 

 

 

2021

 

 

2020

 

Accounts receivable, gross

 

$

88,938

 

 

$

74,649

 

Less: Allowance for credit losses and revenue reserves

 

 

(1,010

)

 

 

(10,177

)

Accounts receivable, net

 

$

87,928

 

 

$

64,472

 

Prepaid Expenses and Other Assets

Prepaid expenses and other assets were comprised of the following (in thousands):

 

 

 

June 30,

 

 

 

2021

 

 

2020

 

Prepaid expenses

 

$

3,843

 

 

$

9,001

 

Income tax receivable

 

 

3,541

 

 

 

3,798

 

Other assets

 

 

546

 

 

 

792

 

Total

 

$

7,930

 

 

$

13,591

 

In fiscal year 2016, the Company entered into a 10-year partnership agreement with a large online customer acquisition marketing company focused on the U.S. insurance industry to be its exclusive click monetization partner for the majority of its insurance categories. The agreement included a one-time upfront cash payment of $10.0 million, which was being amortized on a straight-line basis over the life of the contract. As of June 30, 2020, the Company had recorded the unamortized remainder of the upfront cash payment of $5.3 million within prepaid expenses and other assets on the consolidated balance sheet. As of July 1, 2020, the contract was terminated and the unamortized remainder of the upfront cash payment was subsequently refunded. Amortization expense was $1.0 million and $1.0 million for fiscal years 2020 and 2019.

Property and Equipment, Net

Property and equipment, net was comprised of the following (in thousands):

 

 

June 30,

 

 

 

2021

 

 

2020

 

Computer equipment

 

$

12,997

 

 

$

12,763

 

Software

 

 

11,901

 

 

 

11,751

 

Furniture and fixtures

 

 

3,163

 

 

 

3,060

 

Leasehold improvements

 

 

3,016

 

 

 

2,842

 

Internal software development costs

 

 

39,279

 

 

 

36,993

 

Total property plant and equipment, gross

 

 

70,356

 

 

 

67,409

 

Less: Accumulated depreciation and amortization

 

 

(63,507

)

 

 

(61,752

)

Total property plant and equipment, net

 

$

6,849

 

 

$

5,657

 

Depreciation expense was $1.8 million, $1.3 million and $1.1 million for fiscal years 2021, 2020 and 2019. Amortization expense related to internal software development costs was $2.6 million, $2.4 million and $2.3 million for fiscal years 2021, 2020 and 2019.

Accrued liabilities

Accrued liabilities were comprised of the following (in thousands):

 

 

 

June 30,

 

 

 

2021

 

 

2020

 

Accrued media costs

 

$

41,226

 

 

$

31,948

 

Accrued professional service and other business expenses

 

 

10,550

 

 

 

8,066

 

Accrued compensation and related expenses

 

 

5,874

 

 

 

2,257

 

Total

 

$

57,650

 

 

$

42,271