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Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Revenues:    
Recurring and other revenue $ 291,685 $ 245,406
Interest income on funds held for clients 25,901 7,874
Total revenues 317,586 253,280
Cost of revenues 101,467 84,543
Gross profit 216,119 168,737
Operating expenses:    
Sales and marketing 80,403 71,063
Research and development 44,605 40,093
General and administrative 49,922 50,492
Total operating expenses 174,930 161,648
Operating income 41,189 7,089
Other income (expense) 3,225 (163)
Income before income taxes 44,414 6,926
Income tax expense (benefit) 9,897 (23,426)
Net income 34,517 30,352
Other comprehensive income (loss), net of tax 120 (2,372)
Comprehensive income $ 34,637 $ 27,980
Net income per share:    
Basic (in dollars per share) $ 0.62 $ 0.55
Diluted (in dollars per share) $ 0.61 $ 0.54
Weighted-average shares used in computing net income per share:    
Basic (in shares) 56,037 55,453
Diluted (in shares) 56,881 56,664