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REVENUE
12 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE:
The following table disaggregates revenue from contracts by recurring fees and implementation services and other, which the Company believes depicts the nature, amount and timing of its revenue:
 Fiscal Year Ended June 30,
 202420232022
Recurring fees$587,023 $506,131 $414,677 
Implementation services and other15,363 12,743 12,355 
Recurring and other revenue$602,386 $518,874 $427,032 
Deferred revenue
The Company recognizes deferred revenue for nonrefundable upfront fees as well as for subscription services related to certain ancillary products invoiced prior to the satisfaction of the performance obligation.
The nonrefundable upfront fees related to implementation services are typically included on the client’s first invoice. Implementation fees are deferred and recognized as revenue over an estimated 24-month period to which the material right exists, which is the period the client is expected to benefit from not having to pay an additional nonrefundable implementation fee upon renewal of the service.
The following table summarizes the changes in deferred revenue related to the nonrefundable upfront fees and recurring subscription services:
 Fiscal Year Ended June 30,
20242023
Balance, beginning of period$18,697 $17,046 
Deferred revenue acquired— 1,049 
Deferral of revenue20,699 20,556 
Revenue recognized(20,040)(19,883)
Impact of foreign exchange(38)(71)
Balance, end of period$19,318 $18,697 
Deferred revenue is recorded within deferred revenue and other long-term liabilities on the consolidated balance sheets. The Company will recognize deferred revenue of $13,601 in fiscal year 2025, $5,466 in fiscal year 2026, and $251 in fiscal year 2027.

 Deferred contract costs
 As of and for the Fiscal Year Ended June 30, 2024
 Beginning Balance
Capitalization of Costs
Amortization
Ending Balance
Costs to obtain a contract$93,317 $42,815 $(27,549)$108,583 
Costs to fulfill a contract123,788 64,540 (36,708)151,620 
Total$217,105 $107,355 $(64,257)$260,203 
 As of and for the Fiscal Year Ended June 30, 2023
 Beginning Balance
Capitalization of Costs
Amortization
Ending Balance
Costs to obtain a contract$72,342 $41,325 $(20,350)$93,317 
Costs to fulfill a contract91,132 58,746 (26,090)123,788 
Total$163,474 $100,071 $(46,440)$217,105 
The Company capitalizes costs associated with obtaining and fulfilling revenue contracts. Deferred contract costs are recorded within deferred contract costs and long-term deferred contract costs on the consolidated balance sheets and amortized over the expected period of benefit of six years, which the Company has determined to be the estimated average client life. Amortization of costs to fulfill a contract and costs to obtain a contract are recorded in cost of revenues and sales and marketing expenses in the consolidated statements of operations, respectively. The Company regularly reviews its deferred costs for impairment and did not recognize an impairment loss during any period presented.