Schedule of fair value level for cash and cash equivalents and available-for-sale securities measured on a recurring basis |
| | | | | | | | | | | | | | | June 30, 2019 | | | Total | | Level 1 | | Level 2 | | Level 3 | Cash and cash equivalents | | $ | 132,476 | | $ | 116,387 | | $ | 16,089 | | $ | — | Funds held for clients' cash and cash equivalents | | | 1,293,667 | | | 1,244,856 | | | 48,811 | | | — | Available-for-sale securities: | | | | | | | | | | | | | Commercial paper | | | 63,428 | | | — | | | 63,428 | | | — | Corporate bonds | | | 27,099 | | | — | | | 27,099 | | | — | Asset-backed securities | | | 26,540 | | | — | | | 26,540 | | | — | U.S. treasury securities | | | 13,757 | | | — | | | 13,757 | | | — | Total available-for-sale securities | | | 130,824 | | | — | | | 130,824 | | | — | Total investments | | $ | 1,556,967 | | $ | 1,361,243 | | $ | 195,724 | | $ | — |
| | | | | | | | | | | | | | | June 30, 2020 | | | Total | | Level 1 | | Level 2 | | Level 3 | Cash and cash equivalents | | $ | 250,851 | | $ | 250,851 | | $ | — | | $ | — | Funds held for clients' cash and cash equivalents | | | 1,241,282 | | | 1,241,282 | | | — | | | — | Available-for-sale securities: | | | | | | | | | | | | | Commercial paper | | | 6,649 | | | — | | | 6,649 | | | — | Corporate bonds | | | 44,757 | | | — | | | 44,757 | | | — | Asset-backed securities | | | 50,402 | | | — | | | 50,402 | | | — | U.S. treasury securities | | | 21,369 | | | — | | | 21,369 | | | — | Total available-for-sale securities | | | 123,177 | | | — | | | 123,177 | | | — | Total investments | | $ | 1,615,310 | | $ | 1,492,133 | | $ | 123,177 | | $ | — |
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