0001564590-22-029880 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2022	Aug. 15, 2022	Dec. 31, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Trading Symbol	QNST
Entity Registrant Name	QuinStreet, Inc.
Entity Central Index Key	0001117297
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		53,382,715
Entity Public Float			$ 949,884,910
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-34628
Entity Tax Identification Number	77-0512121
Entity Address, Address Line One	950 Tower Lane
Entity Address, Address Line Two	6th Floor
Entity Address, City or Town	Foster City
Entity Address, State or Province	CA
Entity Incorporation State Country Code	DE
Entity Address, Postal Zip Code	94404
City Area Code	650
Local Phone Number	587-7700
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement relating to its 2022 annual stockholders’ meeting are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	San Francisco, California
Auditor Firm ID	238

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 96,439	$ 110,318
Accounts receivable, net of allowances and reserves of $1,536 and $1,010 as of June 30, 2022 and June 30, 2021, respectively	81,429	87,928
Prepaid expenses and other assets	4,924	7,930
Total current assets	182,792	206,176
Property and equipment, net	9,311	6,849
Operating lease right-of-use assets	6,801	10,983
Goodwill	121,141	117,833
Other intangible assets, net	49,696	59,177
Deferred tax assets, noncurrent	44,220	43,336
Other assets, noncurrent	5,948	5,161
Total assets	419,909	449,515
Current liabilities:
Accounts payable	42,410	45,231
Accrued liabilities	54,459	57,650
Deferred revenue	341	33
Other liabilities	12,369	12,697
Total current liabilities	109,579	115,611
Operating lease liabilities, noncurrent	3,858	8,545
Other liabilities, noncurrent	20,472	30,211
Total liabilities	133,909	154,367
Commitments and contingencies (See Note 12)	0	0
Stockholders' equity:
Common stock: $0.001 par value; 100,000,000 shares authorized; 53,356,875 and 53,786,363 shares issued and outstanding as of June 30, 2022 and June 30, 2021	53	54
Additional paid-in capital	316,422	320,315
Accumulated other comprehensive loss	(261)	(255)
Accumulated deficit	(30,214)	(24,966)
Total stockholders' equity	286,000	295,148
Total liabilities and stockholders' equity	$ 419,909	$ 449,515

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Statement Of Financial Position [Abstract]
Accounts receivable, net of allowances and reserves	$ 1,536	$ 1,010
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	53,356,875	53,786,363
Common stock, shares outstanding	53,356,875	53,786,363

Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Income Statement [Abstract]

Net revenue

$ 582,099

$ 578,487

$ 490,339

Cost of revenue

^[1]

528,368

507,956

437,864

Gross profit

53,731

70,531

52,475

Operating expenses:

Product development

^[1]

21,906

19,344

14,206

Sales and marketing

^[1]

11,042

10,991

8,876

General and administrative

25,501

26,270

23,188

Operating (loss) income

(4,718)

13,926

6,205

Interest income

230

Interest expense

(1,075)

(1,296)

(696)

Other income, net

16,660

12,947

(Loss) income before income taxes

(5,762)

29,329

18,686

Benefit from (provision for) income taxes

514

(5,774)

(584)

Net (loss) income

$ (5,248)

$ 23,555

$ 18,102

Net (loss) income per share:

Basic

$ (0.10)

$ 0.44

$ 0.35

Diluted

^[2]

$ (0.10)

$ 0.43

$ 0.34

Weighted-average shares used in computing net (loss) income per share:

Basic

54,339

53,166

51,529

Diluted

54,339

55,129

53,387

[1]	Cost of revenue and operating expenses include stock-based compensation expense as follows:
[2]	Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred in fiscal year 2022. The assumed issuance of any additional shares would be anti-dilutive.

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Cost of revenue [Member]
Stock-based compensation	$ 7,475	$ 8,997	$ 8,569
Product development [Member]
Stock-based compensation	2,575	2,339	1,819
Sales and marketing [Member]
Stock-based compensation	2,378	2,459	1,701
General and administrative [Member]
Stock-based compensation	$ 6,078	$ 5,838	$ 4,628

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (5,248)	$ 23,555	$ 18,102
Other comprehensive (loss) income:
Foreign currency translation adjustment	(6)	(18)	129
Total other comprehensive (loss) income	(6)	(18)	129
Comprehensive (loss) income	$ (5,254)	$ 23,537	$ 18,231

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]
Beginning Balance at Jun. 30, 2019	$ 222,829	$ 50		$ 289,768	$ (366)	$ (66,623)
Beginning Balance, Shares at Jun. 30, 2019		50,518,460
Issuance of common stock upon exercise of stock options	4,479	$ 1		4,478
Issuance of common stock upon exercise of stock options, Shares		777,854
Release of restricted stock, net of share settlement		$ 1		(1)
Release of restricted stock, net of share settlement, Shares		913,499
Stock-based compensation expense	16,781			16,781
Withholding taxes related to release of restricted stock, net of share settlement	(6,376)			(6,376)
Net (loss) income	18,102					18,102
Other comprehensive income (loss)	129				129
Ending Balance at Jun. 30, 2020	255,944	$ 52		304,650	(237)	(48,521)
Ending Balance, Shares at Jun. 30, 2020		52,209,813
Issuance of common stock upon exercise of stock options	$ 3,968	$ 1		3,967
Issuance of common stock upon exercise of stock options, Shares	758,447	739,985
Release of restricted stock, net of share settlement		$ 1		(1)
Release of restricted stock, net of share settlement, Shares		836,565
Stock-based compensation expense	$ 19,679			19,679
Withholding taxes related to release of restricted stock, net of share settlement	(7,980)			(7,980)
Net (loss) income	23,555					23,555
Other comprehensive income (loss)	(18)				(18)
Ending Balance at Jun. 30, 2021	$ 295,148	$ 54		320,315	(255)	(24,966)
Ending Balance, Shares at Jun. 30, 2021	53,786,363	53,786,363
Issuance of common stock upon exercise of stock options	$ 1,850			1,850
Issuance of common stock upon exercise of stock options, Shares	412,941	412,941
Release of restricted stock, net of share settlement		$ 1		(1)
Release of restricted stock, net of share settlement, Shares		809,614
Stock-based compensation expense	$ 18,548			18,548
Withholding taxes related to release of restricted stock, net of share settlement	(7,342)			(7,342)
Repurchase of common stock	(16,950)		$ (16,950)
Repurchase of common stock, Shares			(1,652,043)
Retirement of treasury stock	$ 16,900	$ (2)	$ 16,950	(16,948)
Retirement of treasury stock, Shares	1,652,043	(1,652,043)	1,652,043
Net (loss) income	$ (5,248)					(5,248)
Other comprehensive income (loss)	(6)				(6)
Ending Balance at Jun. 30, 2022	$ 286,000	$ 53		$ 316,422	$ (261)	$ (30,214)
Ending Balance, Shares at Jun. 30, 2022	53,356,875	53,356,875

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Cash Flows from Operating Activities
Net (loss) income	$ (5,248)	$ 23,555	$ 18,102
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	16,961	16,201	11,476
Provision for (benefit from) sales returns and doubtful accounts receivable	581	(341)	625
Stock-based compensation	18,506	19,633	16,717
Change in the fair value of contingent consideration	(926)	0	0
Non-cash lease expense	(1,043)	(816)	259
Deferred income taxes	(791)	5,408	3,546
Gain on divestitures of businesses, net	0	(16,615)	(13,578)
Other adjustments, net	482	741	315
Changes in assets and liabilities:
Accounts receivable	5,543	(20,063)	11,354
Prepaid expenses and other assets	3,003	5,955	(8,136)
Other assets, noncurrent	(788)	(173)	5,508
Accounts payable	(2,885)	6,558	103
Accrued liabilities	(5,031)	10,612	1,173
Deferred revenue	308	(40)	178
Other liabilities, noncurrent	0	0	(34)
Net cash provided by operating activities	28,672	50,615	47,608
Cash Flows from Investing Activities
Capital expenditures	(2,842)	(1,969)	(1,962)
Business acquisitions, net of cash acquired	(1,797)	(49,304)	(2,000)
Internal software development costs	(4,672)	(3,131)	(2,291)
Proceeds from divestitures of businesses, net of cash divested	0	21,947	15,096
Purchases of equity investment	0	(4,000)	0
Other investing activities	86	0	25
Net cash (used in) provided by investing activities	(9,225)	(36,457)	8,868
Cash Flows from Financing Activities
Proceeds from exercise of common stock options	1,854	4,357	4,092
Payment of withholding taxes related to release of restricted stock, net of share settlement	(7,342)	(7,980)	(6,376)
Post-closing payments and contingent consideration related to acquisitions	(12,559)	(7,689)	(9,348)
Repurchase of common stock	(15,268)	0	0
Net cash used in financing activities	(33,315)	(11,312)	(11,632)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(12)	(36)	143
Net (decrease) increase in cash, cash equivalents and restricted cash	(13,880)	2,810	44,987
Cash, cash equivalents and restricted cash at beginning of period	110,333	107,523	62,536
Cash, cash equivalents and restricted cash at end of period	96,453	110,333	107,523
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents	96,439	110,318	107,509
Restricted cash included in other assets, noncurrent	$ 14	$ 15	$ 14
Restricted Cash, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other assets, noncurrent	Other assets, noncurrent	Other assets, noncurrent
Total cash, cash equivalents and restricted cash	$ 96,453	$ 110,333	$ 107,523
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	396	293	373
Supplemental Disclosure of Noncash Investing and Financing Activities
Post-closing payments unpaid at acquisition date (See Note 6)	2,785	32,192	0
Contingent consideration unpaid at acquisition date (See Note 6)	0	2,926	0
Retirement of treasury stock (See Note 13)	(16,950)	0	0
Purchases of property and equipment included in accrued liabilities	$ 613	$ 275	$ 72

The Company

12 Months Ended

Jun. 30, 2022

Organization [Abstract]

The Company

1. The Company

QuinStreet, Inc. (the “Company”) is a leader in performance marketplaces and technologies for the financial services and home services industries. The Company was incorporated in California in April 1999 and reincorporated in Delaware in December 2009. The Company specializes in customer acquisition for clients in high value, information-intensive markets or “verticals,” including financial services, home services, and previously the historical education client vertical. The corporate headquarters are located in Foster City, California, with additional offices throughout the United States and India. The majority of the Company’s operations and revenue are in North America.

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ from those estimates.

Revenue Recognition

The Company derives revenue primarily from fees earned through the delivery of qualified inquiries such as clicks, leads, calls, applications, or customers. The Company recognizes revenue when the Company transfers promised goods or services to clients in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company recognizes revenue pursuant to the five-step framework contained in ASC 606, Revenue from Contracts with Customers: (i) identify the contract with a client; (ii) identify the performance obligations in the contract, including whether they are distinct in the context of the contract; (iii) determine the transaction price, including the constraint on variable consideration; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies the performance obligations.

As part of determining whether a contract exists, probability of collection is assessed on a client-by-client basis at the outset of the contract. Clients are subjected to a credit review process that evaluates the clients’ financial position and the ability and intention to pay. If it is determined from the outset of an arrangement that the client does not have the ability or intention to pay, the Company will conclude that a contract does not exist and will continuously reassess its evaluation until the Company is able to conclude that a contract does exist.

Generally, the Company’s contracts specify the period of time as one month, but in some instances the term may be longer. However, for most of the Company’s contracts with clients, either party can terminate the contract at any time without penalty. Consequently, enforceable rights and obligations only exist on a day-to-day basis, resulting in individual daily contracts during the specified term of the contract or until one party terminates the contract prior to the end of the specified term.

The Company has assessed the services promised in its contracts with clients and has identified one performance obligation, which is a series of distinct services. Depending on the client’s needs, these services consist of a specified or an unlimited number of clicks, leads, calls, applications, customers, etc. (hereafter collectively referred to as “marketing results”) to be delivered over a period of time. The Company satisfies these performance obligations over time as the services are provided. The Company does not promise to provide any other significant goods or services to its clients.

Transaction price is measured based on the consideration that the Company expects to receive from a contract with a client. The Company’s contracts with clients contain variable consideration as the price for an individual marketing result varies on a day-to-day basis depending on the market-driven amount a client has committed to pay. However, because the Company ensures the stated period of its contracts does not generally span multiple reporting periods, the contractual amount within a period is based on the number of marketing results delivered within the period. Therefore, the transaction price for any given period is fixed and no estimation of variable consideration is required.

If a marketing result delivered to a client does not meet the contractual requirements associated with that marketing result, the Company’s contracts allow for clients to return a marketing result generally within 5-10 days of having received the marketing result. Such returns are factored into the amount billed to the client on a monthly basis and consequently result in a reduction to revenue in the same month the marketing result is delivered. No warranties are offered to the Company’s clients.

The Company does not allocate transaction price as the Company has only one performance obligation and its contracts do not generally span multiple periods. Taxes collected from clients and remitted to governmental authorities are not included in revenue. The Company elected to use the practical expedient which allows the Company to record sales commissions as expense as incurred when the amortization period would have been one year or less.

The Company bills clients monthly in arrears for the marketing results delivered during the preceding month. The Company’s standard payment terms are 30-60 days. Consequently, the Company does not have significant financing components in its arrangements.

Separately from the agreements the Company has with clients, the Company has agreements with Internet search companies, third-party publishers and strategic partners that it engages with to generate targeted marketing results for the Company’s clients. The Company receives a fee from its clients and separately pays a fee to the Internet search companies, third-party publishers and strategic partners. The Company evaluates whether it is the principal (i.e., report revenue on a gross basis) or agent (i.e., report revenue on a net basis). In doing so, the Company first evaluates whether it controls the goods or services before they are transferred to the clients. If the Company controls the goods or services before they are transferred to the clients, the Company is the principal in the transaction. As a result, the fees paid by the Company’s clients are recognized as revenue and the fees paid to its Internet search companies, third-party publishers and strategic partners are included in cost of revenue. If the Company does not control the goods or services before they are transferred to the clients, the Company is the agent in the transaction and recognizes revenue on a net basis. The Company has one subsidiary, CCM, which provides performance marketing agency and technology services to clients in financial services, education and other markets, recognizing revenue on a net basis. Determining whether the Company controls the goods or services before they are transferred to the clients may require judgment.

Concentrations of Credit Risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company’s investment portfolio consists of money market funds. Cash is deposited with financial institutions that management believes are creditworthy. To date, the Company has not experienced any material losses on its investment portfolio.

The Company maintains contracts with its clients, most of which are cancelable with little or no prior notice. In addition, these contracts do not contain penalty provisions for cancellation before the end of the contract term. The Company had one client, The Progressive Corporation, that accounted for 17%, 23% and 21% of net revenue in fiscal years 2022, 2021 and 2020, and accounted for 16% and 10% of net accounts receivable as of June 30, 2022 and June 30, 2021. One additional client, The Allstate Corporation, accounted for 15% of net accounts receivable as of June 30, 2021. No other client accounted for 10% or more of net revenue in fiscal years 2022, 2021 and 2020, or 10% or more of net accounts receivable as of June 30, 2022 or 2021.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the reporting date. The Company estimates and categorizes the fair value of its financial instruments by applying the following hierarchy:

Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to directly access.

Level 2 — Valuations based on quoted prices for similar assets or liabilities; valuations for interest-bearing securities based on non-daily quoted prices in active markets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.

Level 3 — Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The Company’s financial instruments consist principally of cash equivalents, accounts receivable, accounts payable, post-closing payments and contingent consideration related to acquisitions. The recorded values of the Company’s accounts receivable and accounts payable approximate their current fair values due to the relatively short-term nature of these accounts. See Note 5, Fair Value Measurements, for additional information regarding fair value measurements.

Cash and Cash Equivalents

All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents on the Company’s consolidated balance sheets.

Accounts Receivable and Allowances

The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its customers and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts and allowance for unbilled receivables based upon its assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions including the impact of COVID-19, and other factors that may affect its ability to collect from customers.

The following table presents the changes in the Company’s allowance for credit losses for the periods indicated (in thousands):

	Fiscal Year Ended June 30,
	2022		2021			2020
Balance, beginning of period	$	120	$	9,287		$	9,529
Provision for credit losses		—		36			214
Write-offs charged against the allowance ⁽¹⁾		—		(9,087	)		(456	)
Recoveries collected		—		(116	)		—
Balance, end of period	$	120	$	120		$	9,287

⁽¹⁾

In the third quarter of fiscal year 2019, the Company recorded an allowance of $8.7 million for bad debt expense related to a large former education client who entered federal receivership in January 2019. In the second quarter of fiscal year 2021, the Company believes that the likelihood of collection was no longer probable, therefore has determined to write off the receivable against this allowance, with no net impact to the Company’s consolidated statements of operations.

The revenue reserve was $1.4 million and $0.9 million as of June 30, 2022 and June 30, 2021, respectively. The total allowance for credit losses and revenue reserve was $1.5 million and $1.0 million as of June 30, 2022 and June 30, 2021, respectively.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization, and are depreciated on a straight-line basis over the estimated useful lives of the assets, as follows:

Computer equipment	3 years
Software	3 years
Furniture and fixtures	3 to 5 years
Leasehold improvements	the shorter of the lease term or the estimated useful lives of the improvements

Internal Software Development Costs

The Company incurs costs to develop software for internal use. The Company expenses all costs that relate to the planning and post-implementation phases of development as product development expense. Costs incurred in the development phase are capitalized and amortized over the product’s estimated useful life if the product is expected to have a useful life beyond six months. Costs associated with repair or maintenance of existing sites or the development of website content are included within cost of revenue in the Company’s consolidated statements of operations. The Company’s policy is to amortize capitalized internal software development costs on a product-by-product basis using the straight-line method over the estimated economic life of the application, which is generally two years. The Company capitalized internal software development costs of $4.7 million, $2.3 million and $1.1 million in fiscal years 2022, 2021 and 2020. Amortization of internal software development costs is reflected within cost of revenue in the Company’s consolidated statements of operations.

Leases

Effective July 1, 2019, the Company adopted ASC 842, Leases (ASC 842) which requires the recognition of lease liabilities and right-of-use (“ROU”) assets on the consolidated balance sheets, while recognizing expenses on the consolidated income statements in a manner similar to the legacy guidance. The Company applied the provisions of ASC 842 using the modified transition approach to all leases existing at the date of initial application and not restating comparative periods.

Under ASC 842, at the commencement date of a lease, the Company recognizes lease liabilities which represent its obligation to make lease payments, and ROU assets which represent its right to use the underlying asset during the lease term. The lease liability is measured at the present value of lease payments over the lease term. As the Company’s leases typically do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date. The ROU asset is measured at cost, which includes the initial measurement of the lease liability and initial direct costs incurred by the Company and excludes lease incentives. Lease liabilities are recorded in accrued liabilities and operating lease liabilities, noncurrent. ROU assets are recorded in operating lease right-of-use assets.

Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term. Lease agreements that contain both lease and non-lease components are generally accounted for separately. The Company does not recognize lease liabilities and ROU assets for short-term leases with terms of twelve months or less.

Business Combinations

The Company accounts for business combinations using the acquisition method, which requires that the total consideration for each of the acquired business be allocated to the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The excess of the purchase price over the fair values of these identifiable assets and liabilities is recorded as goodwill. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill.

In determining the fair value of assets acquired and liabilities assumed in a business combination, the Company used the income approach to value its most significant acquired asset. Significant assumptions relating to the Company’s estimates in the income approach include base revenue, revenue growth rate net of client attrition, projected gross margin, discount rates, projected operating expenses and the future effective income tax rates. The valuations of our acquired businesses have been performed by a third-party valuation specialist under the Company management’s supervision. The Company believes that the estimated fair value assigned to the assets acquired and liabilities assumed are based on reasonable assumptions and estimates that marketplace participants would use.

However, such assumptions are inherently uncertain and actual results could differ from those estimates. Future changes in our assumptions or the interrelationship of those assumptions may negatively impact future valuations. In future measurements of fair value, adverse changes in discounted cash flow assumptions could result in an impairment of goodwill or intangible assets that would require a non-cash charge to the consolidated statements of operations and may have a material effect on our financial condition and operating results.

Acquisition related costs are not considered part of the consideration, and are expensed as operating expense as incurred. Contingent consideration, if any, is measured at fair value initially on the acquisition date as well as subsequently at the end of each reporting period until settlement at the end of the assessment period. The Company includes the results of operations of the businesses acquired as of the beginning of the acquisition dates.

Goodwill

The Company conducts a test for the impairment of goodwill at the reporting unit level on at least an annual basis and whenever there are events or changes in circumstances that would more likely than not reduce the estimated fair value of a reporting unit below its carrying value. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value of each reporting unit. Significant judgments required to estimate the fair value of reporting units include estimating future cash flows and determining appropriate discount rates, growth rates, an appropriate control premium and other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit which could trigger impairment.

The Company performs its annual goodwill impairment test on April 30 and conducts a qualitative assessment to determine whether it is necessary to perform a quantitative goodwill impairment test. In assessing the qualitative factors, the Company considers the impact of key factors such as changes in the general economic conditions including the impact of COVID-19, changes in industry and competitive environment, stock price, actual revenue performance compared to previous years, forecasts and cash flow generation. The Company had one reporting unit for purposes of allocating and testing goodwill for fiscal years 2022 and 2021. Based on the results of the qualitative assessment completed as of April 30, 2022 and 2021, there were no indicators of impairment.

Long-Lived Assets

The Company evaluates long-lived assets, such as property and equipment and purchased intangible assets with finite lives, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If necessary, a quantitative test is performed that requires the application of judgment when assessing the fair value of an asset. When the Company identifies an impairment, it reduces the carrying amount of the asset to its estimated fair value based on a discounted cash flow approach or, when available and appropriate, to comparable market values. As of April 30, 2022 and 2021, the Company evaluated its long-lived assets and concluded there were no indicators of impairment. The weighted-average useful life of intangible assets was 6.2 years as of June 30, 2022.

Investments in Equity Securities

The Company’s investments in equity securities, which are reported within other assets, noncurrent, on the consolidated balance sheets, include investments in privately held companies without readily determinable market values. The Company adjusts the carrying value of its investments in equity securities to fair value when transactions for identical or similar investments of the same issuer are observable. All gains and losses on investments in equity securities, realized and unrealized, are recognized within other income, net on the Company’s consolidated statements of operations.

The Company applies the equity method of accounting for investments in other entities when it exercises significant influence. Under the equity method, the Company’s share of each investee’s profit or loss is recognized within other income, net on the Company’s consolidated statements of operations.

The Company applies the fair value measurement alternative for investments in other entities when it holds less than 20% ownership in the entity and does not exercise significant influence. These investments consist of equity holdings in non-public companies and are recorded within other assets, noncurrent, on the consolidated balance sheets.

The Company regularly reviews investments accounted for under the equity method and the fair value measurement alternative for possible impairment, which generally involves an analysis of the facts and changes in circumstances influencing the investment, expectations of the entity’s cash flows and capital needs, and the viability of its business model.

Income Taxes

The Company accounts for income taxes using an asset and liability approach to record deferred taxes. The Company’s deferred income tax assets represent temporary differences between the financial statement carrying amount and the tax basis of existing assets and liabilities that will result in deductible amounts in future years, including net loss carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets and liabilities are expected to be realized or settled. Valuation allowances are provided when necessary to reduce deferred tax assets to the amount expected to be realized. The Company regularly assesses the realizability of our deferred tax assets. Judgment is required to determine whether a valuation allowance is necessary and the amount of such valuation allowance, if appropriate. The Company considers all available evidence, both positive and negative to determine, based on the weight of available evidence, whether it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the need, or continued need, for a valuation allowance the Company considers, among other things, the nature, frequency and severity of current and cumulative taxable income or losses, forecasts of future profitability, and the duration of statutory carryforward periods. The Company’s judgments regarding future profitability may change due to future market conditions including the impact of COVID-19, changes in U.S. or international tax laws and other factors.

The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not, based on the technical merits of the position, that the tax position will be sustained on examination by the tax authorities. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Interest and penalties related to unrecognized tax benefits are recognized within income tax expense.

Foreign Currency Translation

The Company’s foreign operations are subject to exchange rate fluctuations. The majority of the Company’s sales and expenses are denominated in U.S. dollars. The functional currency for the majority of the Company’s foreign subsidiaries is the U.S. dollar. For these subsidiaries, assets and liabilities denominated in foreign currency are remeasured into U.S. dollars at current exchange rates for monetary assets and liabilities and historical exchange rates for nonmonetary assets and liabilities. Net revenue, cost of revenue and expenses are generally remeasured at average exchange rates in effect during each period. Gains and losses from foreign currency remeasurement are included in other income, net in the Company’s consolidated statements of operations. Certain foreign subsidiaries designate the local currency as their functional currency. For those subsidiaries, the assets and liabilities are translated into U.S. dollars at exchange rates in effect at the balance sheet date. Income and expense items are translated at average exchange rates for the period. The foreign currency translation adjustments are included in accumulated other comprehensive loss as a separate component of stockholders’ equity. Foreign currency transaction gains and losses are recorded within other income, net in the Company’s consolidated statements of operations and were not material for any period presented.

Comprehensive (Loss) Income

Comprehensive (loss) income consists of two components, net (loss) income and other comprehensive (loss) income. Other comprehensive (loss) income refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of stockholders’ equity but are excluded from net (loss) income. The Company’s comprehensive (loss) income and accumulated other comprehensive loss consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency. Total accumulated other comprehensive loss is disclosed as a separate component of stockholders’ equity.

Loss Contingencies

The Company is subject to the possibility of various loss contingencies arising in the ordinary course of business. Management considers the likelihood of loss or impairment of an asset or the incurrence of a liability, as well as its ability to reasonably estimate the amount of loss, in determining loss contingencies. An estimated loss contingency is accrued when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. The Company regularly evaluates current information available to its management to determine whether such accruals should be adjusted and whether new accruals are required.

From time to time, the Company is involved in disputes, litigation and other legal actions. The Company records a charge equal to at least the minimum estimated liability for a loss contingency only when both of the following conditions are met: (i) information available prior to issuance of the financial statements indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial statements, and (ii) the range of loss can be reasonably estimated. The actual liability in any such matters may be materially different from the Company’s estimates, which could result in the need to adjust the liability and record additional expenses.

Stock-Based Compensation

The Company measures and records the expense related to stock-based transactions based on the fair values of stock-based payment awards, as determined on the date of grant. The fair value of restricted stock units with a service condition (“service-based RSU”) is determined based on the closing price of the Company’s common stock on the date of grant. To estimate the fair value of stock options and purchase rights granted under the employee stock purchase plan (“ESPP”), the Company selected the Black-Scholes option pricing model. The fair value of restricted stock units with a service and performance condition (“performance-based RSU”) is determined based on the closing price of the Company’s common stock on the date of grant. Grant date as defined by ASC 718 is determined when the components that comprise the performance targets have been fully established. If a grant date has not been established, the compensation expense associated with the performance-based RSUs is re-measured at each reporting date based on the closing price of the Company’s common stock at each reporting date until the grant date has been established. For restricted stock units with a service and market condition (“market-based RSU”), the Company selected the Monte Carlo simulation model to estimate the fair value on the date of grant. In applying these models, the Company’s determination of the fair value of the award is affected by assumptions regarding a number of subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the award and the employees’ actual and projected stock option exercise and pre-vesting employment termination behaviors.

The Company recognizes stock-based compensation expense for options and service-based RSUs using the straight-line method, and for performance-based RSUs and market-based RSUs using the graded vesting method, based on awards ultimately expected to vest. The Company recognizes stock-based compensation expense for the purchase rights granted under the ESPP using the straight-line method over the offering period. The Company estimates future forfeitures at the date of grant. On an annual basis, the Company assesses changes to its estimate of expected forfeitures based on recent forfeiture activity. The effect of adjustments made to the forfeiture rates, if any, is recognized in the period that change is made. See Note 14, Stock Benefit Plans, for additional information regarding stock-based compensation.

401(k) Savings Plan

The Company sponsors a 401(k) defined contribution plan covering all U.S. employees. There were no employer contributions under this plan in fiscal years 2022, 2021 or 2020.

Recent Accounting Pronouncements

Accounting Pronouncements Adopted

In December 2019, the FASB issued Accounting Standards Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes by eliminating certain exceptions in ASC 740 related to the methodology for calculating income taxes in an interim period. It also clarifies and amends existing guidance to improve consistent application. The Company adopted the new standard as of July 1, 2021. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

Accounting Pronouncements Not Yet Adopted

In October 2021, the FASB issued Accounting Standards Update No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. The new guidance is effective for the Company in the first quarter of fiscal year 2024 on a prospective basis, with early adoption permitted. The Company is currently assessing the impact the new guidance will have on the consolidated financial statements.

Revenue

12 Months Ended

Jun. 30, 2022

Revenue From Contract With Customer [Abstract]

Revenue

3. Revenue

Disaggregation of Revenue

In the first quarter of fiscal year 2021, the Company completed the acquisition of Modernize, Inc. (“Modernize”) to increase the scale and capabilities in the home services client vertical. In addition, the Company divested its former education client vertical to narrow its focus to the best performing businesses and market opportunities. As a result of these activities, in the second quarter of fiscal year 2021, the Company updated its reporting structure which resulted in two client verticals: financial services and home services, which was applied on a retrospective basis. All remaining businesses that are not significant enough for separate reporting are included in other revenue. The following table presents the Company’s net revenue disaggregated by vertical (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Net revenue:
Financial Services	$	417,110	$	426,819	$	366,289
Home Services		158,805		134,538		49,931
Other Revenue		6,184		5,543		—
Divested Businesses⁽¹⁾		—		11,587		74,119
Total net revenue	$	582,099	$	578,487	$	490,339

⁽¹⁾	Represents revenue recognized from the businesses divested in fiscal years 2021 and 2020. See Note 7, Divestitures, for more information.

Contract Balances

The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands):

	June 30,
	2022		2021
Deferred revenue	$	341	$	33
Client deposits		1,163		870
Total	$	1,504	$	903

The Company’s contract liabilities result from payments received in advance of revenue recognition and advance consideration received from clients, which precede the Company’s satisfaction of the associated performance obligation. The changes in the liability balances during fiscal year 2022 related to advance consideration received from clients of $5.1 million, offset by revenue recognized of $4.5 million.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Net Income per Share

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income per Share

4. Net (Loss) Income per Share

Basic net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options, unvested restricted stock units, and shares issuable related to the ESPP using the treasury stock method.

The following table presents the calculation of basic and diluted net (loss) income per share:

	Fiscal Year Ended June 30,
	2022			2021		2020
	(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net (loss) income	$	(5,248	)	$	23,555	$	18,102
Denominator:
Basic:
Weighted-average shares of common stock used in computing basic net (loss) income per share		54,339			53,166		51,529
Diluted:
Weighted average shares of common stock used in computing basic net (loss) income per share		54,339			53,166		51,529
Weighted average effect of dilutive securities:
Stock options		—			778		1,054
Restricted stock units		—			1,185		804
Shares issuable related to the ESPP		—			—		—
Weighted average shares of common stock used in computing diluted net (loss) income per share		54,339			55,129		53,387
Net (loss) income per share:
Basic	$	(0.10	)	$	0.44	$	0.35
Diluted ⁽¹⁾	$	(0.10	)	$	0.43	$	0.34
Securities excluded from weighted-average shares used in computing diluted net (loss) income per share because the effect would have been anti-dilutive: ⁽²⁾		3,557			84		1,104

⁽¹⁾	Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred in fiscal year 2022. The assumed issuance of any additional shares would be anti-dilutive.

⁽²⁾	These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements

12 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

5. Fair Value Measurements

The following table presents the fair value of the Company’s financial instruments (in thousands):

	June 30, 2022								June 30, 2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	4,404	$	—	$	—	$	4,404	$	1,670	$	—	$	—	$	1,670
Total	$	4,404	$	—	$	—	$	4,404	$	1,670	$	—	$	—	$	1,670
Liabilities:
Post-closing payments related to acquisitions	$	—	$	28,437	$	—	$	28,437	$	—	$	34,954	$	—	$	34,954
Contingent consideration related to acquisitions		—		—		1,787		1,787		—		—		5,432		5,432
Total	$	—	$	28,437	$	1,787	$	30,224	$	—	$	34,954	$	5,432	$	40,386

Reported as:
Cash and cash equivalents							$	4,404							$	1,670
Other Liabilities:
Current							$	12,369							$	12,697
Noncurrent								17,855								27,689
Total							$	30,224							$	40,386

There were no transfers between Level 1, Level 2 and Level 3 during the periods presented.

Cash Equivalents

The valuation technique used to measure the fair value of money market funds included using quoted prices in active markets for identical assets.

Post-Closing Payments Related to Acquisitions

The post-closing payments are future payments related to two immaterial acquisitions completed in fiscal year 2022, and the acquisitions of Modernize, FCE, Mayo Labs and CCM completed in the past three fiscal years. As the fair value of the Company’s post-closing payments was determined based on installments stipulated in the terms of the acquisition agreements and discount rates observable in the market, the post-closing payments are classified as Level 2 within the fair value hierarchy. See Note 6, Acquisitions, for further details related to the acquisitions.

Contingent Consideration Related to Acquisitions

The contingent consideration consists of the estimated fair value of future payments related to the Company’s acquisitions of FCE and CCM. The FCE contingent consideration is based upon revenue and margin targets, and the CCM contingent consideration is based upon revenue targets. The fair value of the contingent consideration is determined using the real options technique which incorporates various estimates, including projected net revenue, projected gross margin, volatility and discount rates. As certain of these inputs are not observable in the market, the contingent consideration is classified as a Level 3 instrument. Significant changes in the projected net revenue, projected gross margin, or discount rates would have a material impact on the fair value of the contingent consideration. Changes in the fair value of the contingent consideration are recorded in earnings on the Company’s consolidated statements of operations. See Note 6, Acquisitions, for further details related to the acquisitions.

The Company reassesses the estimated fair value of the contingent consideration at the end of each reporting period based on the information available at the time.

In fiscal year 2022, the Company recorded an adjustment of $0.9 million due to the change in estimated fair value of the FCE contingent consideration based on revised estimates in revenue and margin targets. The adjustment was primarily associated with the changes in algorithms by email providers, which materially limited the delivery of the email marketing messages to the intended recipients’ inbox. The adjustment was recorded within general and administrative expenses on the Company’s consolidated statements of operations.

The following table represents the change in the contingent consideration (in thousands):

	Level 3
Balance as of June 30, 2020	$	3,170
Additions related to the acquisition of FCE (initial measurement)		2,926
Change in fair value during the period		—
Payments made during the period		(664	)
Balance as of June 30, 2021		5,432
Change in fair value during the period		(926	)
Payments made during the period		(2,719	)
Balance as of June 30, 2022	$	1,787

Acquisitions

12 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Acquisitions

6. Acquisitions

Modernize, Inc.

On July 1, 2020, the Company completed the acquisition of Modernize, a leading home improvement performance marketing company in the home services client vertical, to broaden its customer and media relationships. In exchange for all the outstanding shares of Modernize, the Company paid $43.9 million in cash upon closing (including $3.9 million cash for net assets acquired subject to post-closing adjustments) and will make $27.5 million in post-closing payments, payable in equal annual installments over a five year period, with the first installment paid in the first quarter of fiscal year 2022. In addition, the Company made a Section 338(h)(10) election to treat the acquisition for tax purposes as a purchase and sale of assets. The incremental taxes resulting from this election were paid to Modernize in the fourth quarter of fiscal year 2021.

The following table summarizes the consideration as of the acquisition date (in thousands):

	Estimated Fair Value
Cash	$	43,944
Post-closing payments, net of imputed interest of $2,724		24,776
Section 338 election payment to Modernize		1,703
Total	$	70,423

The acquisition was accounted for as a business combination and the results of operations of Modernize have been included in the Company’s results of operations as of July 1, 2020. The Company expensed all transaction costs in the period in which they were incurred. The Company allocated the purchase price to identifiable assets acquired and liabilities assumed based on their estimated fair values. The fair value of the assets acquired and liabilities assumed was determined by the Company and in doing so management engaged a third-party valuation specialist to assist with the measurement of the fair value of identifiable intangible assets. The estimated fair value of the identifiable assets acquired and liabilities assumed in the acquisition was based on management’s best estimates. The fair value of the customer relationships was determined using the multi-period excess earnings income approach. The fair value of trade names and acquired technology was determined using the relief-from-royalty method. The fair value of content was determined using the cost approach. The excess of the purchase price over the aggregate fair value of the identifiable assets acquired was recorded as goodwill and is primarily attributable to synergies the Company expects to achieve related to the acquisition. The goodwill is deductible for tax purposes.

The Company finalized the allocation of the purchase price to the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date, upon completion of the measurement period. The following table summarizes the final allocation of the purchase price as of the acquisition date (in thousands):

	Estimated Fair Value
	Preliminary as of July 1, 2020		Year to Date Adjustments ⁽¹⁾			Final as of June 30, 2021
Cash and cash equivalents	$	3,638	$	—		$	3,638
Accounts receivable, net		4,999		—			4,999
Operating lease right-of-use assets		4,702		—			4,702
Other intangible assets		33,700		—			33,700
Other assets		1,386		—			1,386
Total identifiable assets acquired		48,425		—			48,425

Accrued liabilities		4,909		—			4,909
Operating lease liabilities		4,896		—			4,896
Deferred tax liabilities		7,886		(7,886	)		—
Other liabilities		465		(240	)		225
Total identifiable liabilities assumed		18,156		(8,126	)		10,030

Net identifiable assets acquired		30,269		8,126			38,395
Goodwill		38,451		(6,423	)		32,028
Net assets acquired	$	68,720	$	1,703		$	70,423

⁽¹⁾

The Company made a 338(h)(10) election to treat the acquisition for tax purposes as a purchase and sale of assets which resulted in the release of the deferred tax liabilities of $7.9 million. The Company has paid the incremental taxes to Modernize resulting from that election, for an increase in total consideration of $1.7 million.

The following table summarizes the fair values of the identifiable intangible assets acquired and the estimated useful lives as of the acquisition date (in thousands):

	Estimated Fair Value		Estimated Useful Life
Customer/publisher/advertiser relationships	$	21,300	9 years
Content		800	1.5 years
Website/trade/domain names		5,300	15 years
Acquired technology and others		6,300	4 years
Total	$	33,700

FC Ecosystem, LLC

On March 1, 2021, the Company acquired substantially all of the assets relating to the performance marketing services business of FC Ecosystem, LLC, to broaden its customer relationships in the financial services client vertical. In exchange for the assets of FCE, the Company paid $7.0 million in cash upon closing and will make $4.0 million in post-closing payments, payable in equal annual installments over a two year period, with the first installment paid in the third quarter of fiscal year 2022. The purchase consideration also includes contingent consideration of up to an additional $9.0 million, which is payable for two years following the date of closing based on the achievement of revenue and margin targets and is calculated every February 28 for the preceding twelve months.

The following table summarizes the consideration as of the acquisition date (in thousands):

	Estimated Fair Value
Cash	$	7,000
Post-closing payments, net of imputed interest of $189		3,811
Contingent consideration		2,926
Total	$	13,737

The acquisition was accounted for as a business combination. The results of the acquired assets have been included in the Company’s results of operations since the acquisition date. The Company allocated the purchase price to identifiable intangible assets acquired based on their estimated fair values. The fair value of the intangible assets acquired was determined by the Company based on management’s best estimates, and in doing so management engaged a third-party valuation specialist to assist with the measurement. The fair value of the customer relationship was determined using the multi-period excess earnings income approach. The excess of the purchase price over the aggregate fair value of the identifiable intangible assets acquired was recorded as goodwill and is primarily attributable to synergies the Company expects to achieve related to the acquisition. The goodwill is deductible for tax purposes.

The Company has finalized the allocation of the purchase price to the fair values of the identifiable assets acquired as of the acquisition date, upon completion of the measurement period. The following table summarizes the final allocation of the purchase price and the estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands):

	Estimated Fair Value		Estimated Useful Life
Customer/publisher/advertiser relationships	$	8,600	7 years
Goodwill		5,137	Indefinite
Total	$	13,737

Other

In the third quarter of fiscal year 2021, the Company completed the acquisition of certain assets of Mayo Labs, LLC, a performance marketing services company serving the financial services client vertical. The Company paid $2.0 million in cash upon closing and will make $2.0 million in post-closing payments, payable in equal annual installments over a two year period, with the first installment paid in the third quarter of fiscal year 2022.

In the second quarter of fiscal year 2022, the Company completed an immaterial acquisition within the home services client vertical. The Company paid $1.0 million in cash upon closing and will make $2.0 million in post-closing payments, payable in equal annual installments over a two-year period, with the first installment payable twelve months following the date of closing.

In the fourth quarter of fiscal year 2022, the Company completed another immaterial acquisition within the home services client vertical. The Company paid $1.0 million in cash upon closing and will make $1.0 million in post-closing payments, payable in equal annual installments over a two-year period, with the first installment payable twelve months following the date of closing.

The results of these acquisitions have been included in the Company’s results of operations since their respective acquisition dates, which were not considered material to the Company.

Unaudited Pro Forma Financial Information

The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and the acquired businesses as though these acquisitions had been occurred as of the beginning of fiscal year 2020. The unaudited pro forma financial information is presented for illustrative purposes only and does not necessarily reflect what the combined company’s results of operations would have been had the acquisitions occurred as of the beginning of fiscal year 2020, nor is it necessarily indicative of the future results of operations of the combined company.

	Fiscal Year Ended June 30,
	2021		2020
	(In thousands)
Net revenue	$	578,487	$	561,428
Net income		24,253		23,184

The pro forma financial information for fiscal year 2021 includes the elimination of $698 thousand acquisition costs incurred by the Company that are directly related to the acquisitions, and these costs have been reflected in the fiscal year 2020 financial information. Pro forma results of operations for the acquisitions closed in fiscal year 2022 have not been presented as the financial impact to the Company's consolidated financial statements is immaterial.

Divestitures

12 Months Ended

Jun. 30, 2022

Discontinued Operations And Disposal Groups [Abstract]

Divestitures

7. Divestitures

As a result of the Company’s decision to narrow its focus to the best performing businesses and market opportunities, the Company completed a series of business divestitures in fiscal years 2021 and 2020.

Fiscal year 2021

Education Client Vertical

On August 31, 2020, the Company entered into an agreement with a third party to sell its education client vertical for total cash consideration of $20.0 million. The Company recognized a gain of $16.6 million within other income, net on the Company’s consolidated statements of operations upon the divestiture of this business in the first quarter of fiscal year 2021.

Fiscal year 2020

Business-to-Business Technology Client Vertical

On February 14, 2020, as a result of the Company’s decision to narrow its focus to its best performing businesses and market opportunities, the Company entered into an agreement with a third party to sell its B2B client vertical for a purchase price of $12.9 million. The purchase price consisted of $10.0 million in upfront cash consideration and $2.9 million in a secured promissory note, receivable in equal monthly installments over a 12-month period. The Company recognized a gain of $12.0 million within other income, net on the Company’s consolidated statements of operations upon the divestiture of this business in the third quarter of fiscal year 2020.

Mortgage Business

On April 30, 2020, the Company entered into an agreement with a third party to sell its mortgage business for total cash consideration of $3.3 million. The Company recognized a gain of $2.8 million within other income, net on the Company’s consolidated statements of operations upon the divestiture of this business in the fourth quarter of fiscal year 2020.

Other

In the third quarter of fiscal year 2020, the Company also completed the divestitures of its wholly owned subsidiaries, QuinStreet Brasil Online Marketing e Midia Ltda (“QSB”), and VEMM, LLC (“VEMM”) along with its interests in Euro-Demand Do Brasil Serviços de Geração de Leads Ltda (“EDB”), for combined cash proceeds of $1.1 million; provided, however, the Company retained a minority equity interest in VEMM. The aggregate impact from these divestitures was not considered material to the Company.

Balance Sheet Components

12 Months Ended

Jun. 30, 2022

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,
	2022			2021
Accounts receivable, gross	$	82,965		$	88,938
Less: Allowance for credit losses and revenue reserves		(1,536	)		(1,010	)
Accounts receivable, net	$	81,429		$	87,928

Prepaid Expenses and Other Assets

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

	June 30,
	2022		2021
Prepaid expenses	$	4,195	$	3,843
Income tax receivable		131		3,541
Other assets		598		546
Total	$	4,924	$	7,930

Property and Equipment, Net

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

	June 30,
	2022			2021
Computer equipment	$	14,929		$	12,997
Software		11,420			11,901
Furniture and fixtures		2,846			3,163
Leasehold improvements		3,011			3,016
Internal software development costs		43,992			39,279
Total property plant and equipment, gross		76,198			70,356
Less: Accumulated depreciation and amortization		(66,887	)		(63,507	)
Total property plant and equipment, net	$	9,311		$	6,849

Depreciation expense was $2.4 million, $1.8 million and $1.3 million for fiscal years 2022, 2021 and 2020. Amortization expense related to internal software development costs was $3.0 million, $2.6 million and $2.4 million for fiscal years 2022, 2021 and 2020.

Accrued liabilities

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

	June 30,
	2022		2021
Accrued media costs	$	35,552	$	41,226
Accrued professional service and other business expenses		13,513		10,550
Accrued compensation and related expenses		5,394		5,874
Total	$	54,459	$	57,650

Intangible Assets, Net and Goodwill

12 Months Ended

Jun. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets, Net and Goodwill

9. Intangible Assets, Net and Goodwill

Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

	June 30, 2022							June 30, 2021
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer/publisher/advertiser relationships	$	91,629	$	(52,449	)	$	39,180	$	90,830	$	(43,485	)	$	47,345
Content		43,056		(43,056	)		—		43,056		(42,790	)		266
Website/trade/domain names		25,302		(18,853	)		6,449		25,102		(18,303	)		6,799
Acquired technology and others		34,934		(30,867	)		4,067		33,834		(29,067	)		4,767
Total	$	194,921	$	(145,225	)	$	49,696	$	192,822	$	(133,645	)	$	59,177

Amortization of intangible assets was $11.6 million, $11.9 million and $7.8 million for fiscal years 2022, 2021 and 2020.

Future amortization expense for the Company’s intangible assets as of June 30, 2022 was as follows (in thousands):

Fiscal Year Ending June 30,	Amortization
2023	$	11,122
2024		10,185
2025		8,045
2026		5,420
2027		4,473
Thereafter		10,451
Total	$	49,696

Goodwill

The changes in the carrying amount of goodwill for fiscal years 2022 and 2021 were as follows (in thousands):

	Goodwill
Balance at June 30, 2020	$	80,677
Goodwill acquired ⁽¹⁾		40,368
Goodwill disposed ⁽²⁾		(3,212	)
Balance at June 30, 2021		117,833
Goodwill acquired ⁽¹⁾		3,308
Balance at June 30, 2022	$	121,141

⁽¹⁾ Represents goodwill acquired associated with the business acquisitions of Modernize, FCE and Mayo Labs completed in fiscal year 2021, and two immaterial business acquisitions completed in fiscal year 2022. See Note 6, Acquisitions, for more information.

⁽²⁾ Represents goodwill disposed associated with the business divestitures completed in fiscal year 2021. See Note 7, Divestitures, for more information.

Income Taxes

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

The components of (loss) income before income taxes were as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
US	$	(6,022	)	$	29,433		$	17,824
Foreign		260			(104	)		862
Total	$	(5,762	)	$	29,329		$	18,686

The components of the (benefit from) provision for income taxes were as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
Current:
Federal	$	—		$	(3	)	$	—
State		176			252			(3,110	)
Foreign		195			187			218
Total current provision for (benefit from) income taxes		371			436			(2,892	)
Deferred:
Federal		(1,032	)		4,732			2,504
State		147			606			972
Foreign		—			—			—
Total deferred (benefit from) provision for income taxes		(885	)		5,338			3,476
Total (benefit from) provision for income taxes	$	(514	)	$	5,774		$	584

The fiscal 2021 and 2020 provision for income taxes reconciliations have been recast to dollar amounts versus a percentage of income before taxes for comparability to the fiscal 2022 presentation. The reconciliation between the statutory federal income tax (benefit) expense and the Company’s effective tax (benefit) expense was as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
Statutory federal tax	$	(1,210	)	$	6,180		$	3,924
States taxes, net of federal (benefit) expense		(314	)		206			(2,124	)
Foreign rate differential		11			59			390
Stock-based compensation benefit		(774	)		(2,744	)		(1,633	)
Change in valuation allowance		(1,034	)		671			(444	)
Research and development credits		(1,174	)		(1,131	)		(759	)
Disqualified compensation expense		1,806			2,219			993
Uncertain tax position		385			349			333
Business divestitures		—			—			(241	)
Expired attributes		261			—			—
Foreign deferred adjustment		1,354			—			—
Other		175			(35	)		145
Effective income tax	$	(514	)	$	5,774		$	584

The components of the long-term deferred tax assets and liabilities, net were as follows (in thousands):

	June 30,
	2022			2021
Noncurrent deferred tax assets:
Reserves and accruals	$	1,019		$	1,608
Stock-based compensation expense		3,400			3,841
Intangible assets		—			4,444
Net operating loss		34,684			30,440
Fixed assets		217			135
Tax credits		11,748			10,279
Operating lease liabilities		1,894			3,108
Other		39			38
Total noncurrent deferred tax assets		53,001			53,893
Valuation allowance - long-term		(7,160	)		(8,193	)
Noncurrent deferred tax assets, net		45,841			45,700

Noncurrent deferred tax liabilities:
Intangibles		(2	)		—
Deferred acquisition costs		(215	)		—
Operating lease right-of-use assets		(1,404	)		(2,364	)
Noncurrent deferred tax liabilities		(1,621	)		(2,364	)

Total deferred tax assets, net	$	44,220		$	43,336

The Company has a gross deferred tax asset balance of $44.2 million and $43.3 million as of June 30, 2022 and 2021, respectively. The Company has a valuation allowance of approximately $7.2 million and $8.2 million as of June 30, 2022, and 2021, respectively primarily related to deferred tax assets of a foreign subsidiary and California research and development tax credits. The Company continues to reassess the ability to realize its deferred tax assets on a quarterly basis, and if there are unfavorable changes to actual operating results or to projections of future income, the Company may determine that it is more likely than not that such deferred tax assets may not be realizable.

As of June 30, 2022 and 2021, the Company had a federal operating loss carryforward of approximately $138.1 million and $117.7 million. As of June 30, 2022 and 2021, the Company’s state operating loss carryforward was approximately $78.0 million and $70.4 million. With the exception of $54.7 million of federal net operating losses which can be carried forward indefinitely, the federal and state net operating losses, if not used, will begin to expire on June 30, 2035 and June 30, 2034. The operating loss carryforward in the India jurisdiction was approximately $3.6 million which will begin to expire on June 30, 2023. The Company has federal and California research and development tax credit carry-forwards of approximately $7.3 million and $10.3 million to offset future taxable income. The federal research and development tax credits, if not used, will begin to expire on June 30, 2034, while the state tax credit carry-forwards do not have an expiration date and may be carried forward indefinitely.

Utilization of the operating loss carryforwards and credits may be subject to a substantial annual limitation due to the ownership change limitations provided by the Internal Revenue Code of 1986, as amended, and similar state provisions. The annual limitation may result in the expiration of operating loss carryforwards and credits before utilization.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits was as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
Balance at the beginning of the year	$	4,756		$	4,236		$	3,727
Gross increases - current period tax positions		542			535			406
Gross increases - prior period tax positions		—			—			106
Gross decreases - prior period tax positions		—			(7	)		—
Reductions as a result of lapsed statute of limitations		(2	)		(8	)		(3	)
Balance at the end of the year	$	5,296		$	4,756		$	4,236

The Company’s policy is to include interest and penalties related to unrecognized tax benefits within the Company’s (benefit from) provision for income taxes. As of June 30, 2022, the Company has accrued $1.4 million for interest and penalties related to the unrecognized tax benefits. The balance of interest and penalties is recorded as a noncurrent liability in the Company’s consolidated balance sheet.

As of June 30, 2022, unrecognized tax benefits of $2.9 million, if recognized, would affect the Company’s effective tax rate. The Company does not anticipate that the amount of existing unrecognized tax benefits will significantly increase or decrease within the next 12 months.

The Company files income tax returns in the United States, various U.S. states and certain foreign jurisdictions and is no longer subject to U.S. federal, state and local, or non-U.S., income tax examinations by tax authorities for years before 2013. As of June 30, 2022, the tax years 2013 through 2020 remain open in the U.S., and the tax years 2015 through 2019 remain open in various foreign jurisdictions. The Company believes that adequate amounts have been reserved for any adjustments that may ultimately result from our examinations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

11. Leases

The Company has operating leases primarily for its office facilities. The leases expire at various dates through fiscal year 2026, some of which include options to renew, with renewal terms of up to 5 years. The Company does not include any renewal options in the lease terms for calculating lease liability, as the renewal options allow the Company to maintain operational flexibility and the Company is not reasonably certain that it will exercise these renewal options at the time of the lease commencement.

The components of lease expense for fiscal years 2022, 2021 and 2020 were as follows (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Operating lease expense	$	5,172	$	5,247	$	3,940
Short-term lease expense		619		785		1,119
Variable lease expense ⁽¹⁾		676		571		580
Total lease expense	$	6,467	$	6,603	$	5,639

⁽¹⁾	Variable lease expense for fiscal years 2022, 2021 and 2020 primarily included common area maintenance charges.

Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate):

	Fiscal Year Ended June 30,
	2022			2021			2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	6,206		$	6,066		$	3,675

Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	564		$	6,981		$	423

Weighted average remaining lease term - operating leases	1.9 years			2.7 years			3.2 years
Weighted average discount rate - operating leases		5.1	%		5.0	%		4.6	%

The implicit rate within each lease is not readily determinable and therefore the Company uses its incremental borrowing rate at the lease commencement date to determine the present value of the lease payments. The determination of the incremental borrowing rate requires judgement. The Company determined its incremental borrowing rate for each lease using indicative bank borrowing rates, adjusted for various factors including level of collateralization, term and currency to align with the terms of a lease.

Maturities of operating lease liabilities as of June 30, 2022 were as follows (in thousands):

Fiscal Year Ending June 30,	Amount
2023	$	5,855
2024		3,797
2025		860
2026		71
2027		—
Thereafter		—
Total minimum lease payments	$	10,583
Less imputed interest		(1,659	)
Present value of net minimum lease payments	$	8,924
Operating lease liabilities:
Current		5,066
Noncurrent		3,858
Total	$	8,924

Total future principal contractual obligations for operating lease commitments exceeded the undiscounted lease liability by $0.2 million as of June 30, 2022, primarily because the lease liability excluded short-term lease payments (due to the adoption of the short-term lease exemption).

Commitments and Contingencies

12 Months Ended

Jun. 30, 2022

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. Commitments and Contingencies

Guarantor Arrangements

The Company has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The term of the indemnification period is for the officer or director’s lifetime. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer insurance policy that limits its exposure and enables the Company to recover a portion of any future amounts under certain circumstances and subject to deductibles and exclusions. As a result of its insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is not material. Accordingly, the Company had no liabilities recorded for these agreements as of June 30, 2022 and June 30, 2021.

In the ordinary course of its business, the Company from time to time enters into standard indemnification provisions in its agreements with its clients. Pursuant to these provisions, the Company may be obligated to indemnify its clients for certain losses suffered or incurred, including losses arising from violations of applicable law by the Company or by its third-party publishers, losses arising from actions or omissions of the Company or its third-party publishers, and for third-party claims that a Company product infringed upon any United States patent, copyright, or other intellectual property rights. Where practicable, the Company limits its liabilities under such indemnities. Subject to these limitations, the term of such indemnification provisions is generally coterminous with the corresponding agreements and survives for the duration of the applicable statute of limitations after termination of the agreement. The potential amount of future payments to defend lawsuits or settle indemnified claims under these indemnification provisions is generally limited and the Company believes the estimated fair value of these indemnity provisions is not material. Accordingly, the Company had no liabilities recorded for these agreements as of June 30, 2022 and June 30, 2021.

Letters of Credit

The Company has a $0.5 million letter of credit agreement with a financial institution that is used as collateral for the Company’s corporate headquarters’ operating lease. The letter of credit automatically renews annually without amendment unless cancelled by the financial institution within 30 days of the annual expiration date.

Stockholders' Equity

12 Months Ended

Jun. 30, 2022

Equity [Abstract]

Stockholders' Equity

13. Stockholders’ Equity

Stock Repurchases

In April 2022, the Board of Directors canceled the prior stock repurchase program that commenced in July 2017 and authorized a new stock repurchase program allowing the repurchase of up to $40.0 million worth of common stock. In fiscal year 2022, the Company repurchased 1,652,043 shares of its common stock at an average price of $10.23 per share, at a total cost of $16.9 million (including a broker commission of $0.03 per share). Repurchases under this program took place in the open market and were made under a Rule 10b5-1 plan. The repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. As of June 30, 2022, approximately $23.1 million remained available for stock repurchases pursuant to the board authorization.

Retirement of Treasury Stock

In fiscal year 2022, the Company retired 1,652,043 shares of its common stock with a carrying value of $16.9 million (including 170,197 shares for $1.7 million that were repurchased but not settled as of June 30, 2022). The Company’s accounting policy upon the retirement of treasury stock is to deduct its par value from common stock and reduce additional paid-in capital by the amount recorded in additional paid-in capital when the stock was originally issued.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Stock Benefit Plans

12 Months Ended

Jun. 30, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Benefit Plans

14. Stock Benefit Plans

Stock-Based Compensation

In fiscal years 2022, 2021 and 2020, the Company recorded stock-based compensation expense of $18.5 million, $19.6 million and $16.7 million. In fiscal years 2022, 2021 and 2020, the Company recognized tax benefits related to stock-based compensation of $0.8 million, $2.6 million and $1.6 million, which are reflected in the Company’s benefit from (provision for) income taxes.

Stock Incentive Plans

In November 2009, the Company’s board of directors adopted the 2010 Equity Incentive Plan (the “2010 Incentive Plan”) and the Company’s stockholders approved the 2010 Incentive Plan in January 2010. The 2010 Incentive Plan became effective upon the completion of the IPO of the Company’s common stock in February 2010. Awards granted after January 2008 but before the adoption of the 2010 Incentive Plan continue to be governed by the terms of the 2008 Equity Incentive Plan. All outstanding stock awards granted before January 2008 continue to be governed by the terms of the Company’s amended and restated 1999 Equity Incentive Plan.

The 2010 Incentive Plan provides for the grant of incentive stock options (“ISOs”), nonstatutory stock options (“NQSOs”), restricted stock, restricted stock units (“RSUs”), stock appreciation rights, performance-based stock awards and other forms of equity compensation, as well as for the grant of performance cash awards. The Company may issue ISOs only to its employees. NQSOs and all other awards may be granted to employees, including officers, nonemployee directors and consultants.

Prior to fiscal year 2016, the Company granted service-based RSUs. In fiscal year 2016, the Company also began granting market-based RSUs that requires the Company’s stock price achieve a specified price above the grant date stock price before it can be eligible for service vesting conditions. In fiscal year 2019, the Company began granting to employees performance-based RSUs that vest variably subject to the achievement of performance targets, consisting of both revenue growth and adjusted EBITDA targets. The Company evaluates the portion of the awards that are probable to vest quarterly until the performance criteria are met. To date, the Company has issued ISOs, NQSOs, service-based RSUs, market-based RSUs, and performance-based RSUs under the 2010 Incentive Plan. ISOs and NQSOs are generally granted to employees with an exercise price equal to the market price of the Company’s common stock at the date of grant. Stock options granted to employees generally have a contractual term of seven years and vest over four years of continuous service, with 25 percent of the stock options vesting on the one-year anniversary of the date of grant and the remaining 75 percent vesting in equal monthly installments over the three year period thereafter. RSUs generally vest over four years of continuous service, with 25 percent of the RSUs vesting on the one-year anniversary of the date of grant and 6.25 percent vesting quarterly thereafter for the next 12 quarters, subject to any performance or stock price targets.

An aggregate of 23,125,612 shares of the Company’s common stock were reserved for issuance under the 2010 Incentive Plan as of June 30, 2022, and this amount will be increased by any outstanding stock awards that expire or terminate for any reason prior to

their exercise or settlement. The number of shares of the Company’s common stock reserved for issuance was increased annually through July 1, 2019 by up to five percent of the total number of shares of the Company’s common stock outstanding on the last day of the preceding fiscal year. The maximum number of shares that may be issued under the 2010 Incentive Plan is 30,000,000. There were 13,286,740 shares available for issuance under the 2010 Incentive Plan as of June 30, 2022.

In November 2009, the Company’s board of directors adopted the 2010 Non-Employee Directors’ Stock Award Plan (the “Directors’ Plan”) and the stockholders approved the Directors’ Plan in January 2010. The Directors’ Plan became effective upon the completion of the Company’s IPO. The Directors’ Plan provides for the automatic grant of NQSOs and RSUs to non-employee directors and also provides for the discretionary grant of NQSOs and RSUs. Stock options granted to new non-employee directors vest in equal monthly installments over four years and annual stock option grants to existing directors vest in equal monthly installments over one year. Prior to fiscal year 2015, initial service-based RSU grants vested quarterly over a period of four years and annual service-based RSU grants vested quarterly over a period of one year. Beginning in fiscal year 2015, initial service-based RSU grants vest daily over a period of four years and annual service-based RSU grants vest daily over a period of one year.

An aggregate of 4,598,838 shares of the Company’s common stock were reserved for issuance under the Directors’ Plan as of June 30, 2022. This amount was increased annually through July 1, 2019, by the sum of 200,000 shares and the aggregate number of shares of the Company’s common stock subject to awards granted under the Directors’ Plan during the immediately preceding fiscal year. There were 2,160,500 shares available for issuance under the Directors’ Plan as of June 30, 2022.

Valuation Assumptions

The Company uses the Black-Scholes option-pricing model to fair value its stock options. Options are granted with an exercise price equal to the fair value of the common stock at the date of grant. The Company calculates the weighted-average expected life of options using the simplified method pursuant to the accounting guidance for share-based payments as its historical exercise experience does not provide a reasonable basis upon which to estimate expected term. The Company estimates the expected volatility of its common stock based on its historical volatility over the expected term of the stock option. The Company has no history or expectation of paying dividends on its common stock. The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected term of the stock option.

The weighted-average Black-Scholes model assumptions and the weighted-average grant date fair value of stock options in fiscal years 2022, 2021 and 2020 were as follows:

	Fiscal Year Ended June 30,
	2022			2021			2020
Expected term (in years)		4.4			4.5			4.3
Expected volatility		58	%		61	%		58	%
Expected dividend yield		—			—			—
Risk-free interest rate		1.0	%		0.6	%		1.4	%
Grant date fair value	$	8.12		$	7.85		$	5.30

Stock Option Award Activity

The following table summarizes the stock option award activity under the plans in fiscal years 2022 and 2021:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		1,596,853		$	5.25		3.18	$	8,892
Granted		106,186			16.28
Exercised		(758,447	)		5.64
Forfeited		(17,051	)		9.28
Expired		(9,448	)		8.89
Outstanding at June 30, 2021		918,093		$	6.10		2.89	$	11,578
Granted		58,420			17.38
Exercised		(412,941	)		4.48
Forfeited		(9,134	)		11.36
Expired		(6,819	)		13.78
Outstanding at June 30, 2022		547,619		$	8.33		2.76	$	2,110
Vested and expected-to-vest at June 30, 2022 ⁽¹⁾		538,186		$	8.17		2.71	$	2,109
Vested and exercisable at June 30, 2022		440,250		$	6.19		2.06	$	2,106

⁽¹⁾	The expected-to-vest options are the result of applying the pre-vesting forfeiture assumption to total outstanding options.

The following table summarizes outstanding and exercisable stock options by range of exercise price as of June 30, 2022:

	Options Outstanding						Options Exercisable
Range or Exercise Prices	Number of Shares		Weighted Average Remaining Contractual Term		Weighted Average Exercise Price		Number of Shares		Weighted Average Exercise Price
$3.40 - $3.40		50,000		1.59	$	3.40		50,000	$	3.40
$3.63 - $3.63		137,125		1.08	$	3.63		137,125	$	3.63
$4.01 - $4.01		103,675		2.06	$	4.01		103,128	$	4.01
$5.80 - $7.20		66,666		0.70	$	6.06		66,666	$	6.06
$9.69 - $11.71		61,586		5.17	$	11.49		33,734	$	11.35
$11.98 - $17.16		25,329		3.76	$	13.74		20,554	$	13.71
$18.32 - $18.32		50,000		6.07	$	18.32		11,458	$	18.32
$18.35 - $18.35		1,890		3.01	$	18.35		1,654	$	18.35
$20.73 - $20.73		50,000		5.83	$	20.73		14,583	$	20.73
$24.46 - $24.46		1,348		5.61	$	24.46		1,348	$	24.46
$3.40 - $24.46		547,619		2.76	$	8.33		440,250	$	6.19

The following table summarizes the total intrinsic value, the cash received and the actual tax benefit of all options exercised in fiscal years 2022, 2021 and 2020 (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Intrinsic value	$	4,262	$	9,408	$	6,145
Cash received		1,850		4,279		4,480
Tax benefit		725		1,569		894

As of June 30, 2022, there was $0.8 million of total unrecognized compensation expense related to unvested stock options which are expected to be recognized over a weighted-average period of 2.7 years.

Service-Based Restricted Stock Unit Activity

The following table summarizes the service-based RSU activity under the plans in fiscal years 2022 and 2021:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		1,842,378		$	12.37		1.11	$	18,794
Granted		1,026,425			13.28
Vested		(872,952	)		11.83
Forfeited		(118,211	)		14.14
Outstanding at June 30, 2021		1,877,640		$	12.97		1.26	$	34,039
Granted		1,134,351			16.05
Vested		(751,246	)		13.34
Forfeited		(370,264	)		14.68
Outstanding at June 30, 2022		1,890,481		$	14.33		1.32	$	19,018

As of June 30, 2022, there was $18.9 million of total unrecognized compensation expense related to service-based RSUs.

Market-Based Restricted Stock Unit Activity

The following table summarizes the market-based RSU activity under the 2010 Incentive Plan in fiscal years 2022 and 2021:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		27,346		$	5.61		0.52	$	763
Granted		—			—
Vested		(20,507	)		4.60
Forfeited		(2,999	)		8.90
Outstanding at June 30, 2021		3,840		$	8.43		0.37	$	919
Granted		—			—
Vested		(3,783	)		8.45
Forfeited		(57	)		7.01
Outstanding at June 30, 2022		—		$	—		—	$	—

As of June 30, 2022, there was no unrecognized compensation expense remaining related to market-based RSUs.

Performance-Based Restricted Stock Unit Activity

The following table summarizes the performance-based RSU activity under the 2010 Incentive Plan in fiscal years 2022 and 2021:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		1,097,642		$	12.37		1.30	$	11,481
Granted		704,485			18.58
Vested		(418,464	)		13.37
Forfeited		(125,325	)		13.89
Outstanding at June 30, 2021		1,258,338		$	16.10		1.19	$	23,380
Granted		754,572			10.06
Vested		(539,108	)		16.15
Forfeited		(249,825	)		13.74
Outstanding at June 30, 2022		1,223,977		$	13.32		1.12	$	12,313

As of June 30, 2022, there was $4.5 million of total unrecognized compensation expense related to performance-based RSUs.

At the time of vesting, a portion of RSUs are withheld by the Company to provide for federal and state tax withholding obligations resulting from the release of the RSUs.

Employee Stock Purchase Plan

In October 2021, the Company adopted the 2021 Employee Stock Purchase Plan (the “2021 ESPP”), with 2,164,999 shares of common stock reserved for future issuance under the plan. The 2021 ESPP allows eligible employees to purchase shares of the Company’s common stock at a discount through payroll deductions of up to 15% of their eligible compensation. The 2021 ESPP provides for consecutive offering periods that will typically have a duration of approximately 24 months in length, and each offering period is comprised of four purchase periods of approximately six months in length.

On each purchase date, eligible employees may purchase the Company’s common stock at a price per share equal to 85% of the lesser of (1) the fair market value of the common stock on the first trading day of each offering period, or (2) the fair market value of the common stock on the purchase date. A participant may purchase up to a maximum of 2,500 shares of the common stock during each purchase period, subject to a maximum of $25,000 worth of shares of the common stock in each calendar year (as determined under applicable tax rules). If the fair market value of the common stock on any purchase date is lower than it was on the first trading day of that offering period, participants will be automatically withdrawn from the current offering period and be immediately re-enrolled in a new offering period.

As of June 30, 2022, the Company has not issued any shares of common stock under the 2021 ESPP.

ESPP employee payroll contributions accrued as of June 30, 2022 were $0.9 million, and are included within accrued liabilities on the Company’s consolidated balance sheet. Payroll contributions accrued as of June 30, 2022 will be used to purchase shares at the end of the current ESPP purchase period ending on August 24, 2022.

The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions:

	Fiscal Year Ended June 30, 2022
Expected term (in years)	0.5 - 2.0
Expected volatility	48% - 64%
Expected dividend yield		—
Risk-free interest rate	0.3% - 1.0%
Grant date fair value	$3.72 - $5.33

Segment Information

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

15. Segment Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker, its chief executive officer, reviews financial information presented on a consolidated basis, and no expense or operating income is evaluated at a segment level. Given the consolidated level of review by the Company’s chief executive officer, the Company operates as one reportable segment.

The following tables set forth net revenue and long-lived assets by geographic area (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Net revenue:
United States	$	559,984	$	566,589	$	475,208
International		22,115		11,898		15,131
Total net revenue	$	582,099	$	578,487	$	490,339

	June 30,
	2022		2021
Property and equipment, net:
United States	$	9,095	$	6,672
International		216		177
Total property and equipment, net	$	9,311	$	6,849

	June 30,
	2022		2021
Other intangible assets, net:
United States	$	49,696	$	59,177
International		—		—
Total other intangible assets, net	$	49,696	$	59,177

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jun. 30, 2022

Valuation And Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

Schedule II: Valuation and Qualifying Accounts

The activity in the allowance for doubtful accounts and the deferred tax asset valuation allowance are as follows (in thousands):

	Balance at the beginning of the year		Charged to expenses/against revenue ⁽¹⁾			Write-offs net of recoveries			Balance at the end of the year
Allowance for doubtful accounts
Fiscal year 2020	$	10,298	$	630		$	(751	)	$	10,177
Fiscal year 2021	$	10,177	$	393		$	(9,560	)	$	1,010
Fiscal year 2022	$	1,010	$	581		$	(55	)	$	1,536

Deferred tax asset valuation allowance
Fiscal year 2020	$	8,346	$	(784	)	$	(39	)	$	7,523
Fiscal year 2021	$	7,523	$	387		$	283		$	8,193
Fiscal year 2022	$	8,193	$	9		$	(1,042	)	$	7,160

⁽¹⁾	Additions to the allowance for doubtful accounts and the valuation allowance are charged to expense. Additions to the allowance for sales returns are charged against revenue.

All other schedules are omitted because they are not required or the required information is shown in the financial statements or notes thereto.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

Revenue Recognition

Concentrations of Credit Risk

Fair Value of Financial Instruments

Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to directly access.

Level 3 — Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Cash and Cash Equivalents

All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents on the Company’s consolidated balance sheets.

Accounts Receivable and Allowances

The following table presents the changes in the Company’s allowance for credit losses for the periods indicated (in thousands):

	Fiscal Year Ended June 30,
	2022		2021			2020
Balance, beginning of period	$	120	$	9,287		$	9,529
Provision for credit losses		—		36			214
Write-offs charged against the allowance ⁽¹⁾		—		(9,087	)		(456	)
Recoveries collected		—		(116	)		—
Balance, end of period	$	120	$	120		$	9,287

⁽¹⁾

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization, and are depreciated on a straight-line basis over the estimated useful lives of the assets, as follows:

Computer equipment	3 years
Software	3 years
Furniture and fixtures	3 to 5 years
Leasehold improvements	the shorter of the lease term or the estimated useful lives of the improvements

Internal Software Development Costs

Leases

Business Combinations

Goodwill

Long-Lived Assets

Investments in Equity Securities

Income Taxes

Foreign Currency Translation

Comprehensive (Loss) Income

Loss Contingencies

Stock-Based Compensation

401(k) Savings Plan

The Company sponsors a 401(k) defined contribution plan covering all U.S. employees. There were no employer contributions under this plan in fiscal years 2022, 2021 or 2020.

Recent Accounting Pronouncements

Accounting Pronouncements Adopted

Accounting Pronouncements Not Yet Adopted

Net Income per Share

Retirement of Treasury Stock

The Company’s accounting policy upon the retirement of treasury stock is to deduct its par value from common stock and reduce additional paid-in capital by the amount recorded in additional paid-in capital when the stock was originally issued.

Segment Information

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Allowance for Credit Losses

The following table presents the changes in the Company’s allowance for credit losses for the periods indicated (in thousands):

	Fiscal Year Ended June 30,
	2022		2021			2020
Balance, beginning of period	$	120	$	9,287		$	9,529
Provision for credit losses		—		36			214
Write-offs charged against the allowance ⁽¹⁾		—		(9,087	)		(456	)
Recoveries collected		—		(116	)		—
Balance, end of period	$	120	$	120		$	9,287

⁽¹⁾

Estimated Useful Lives of the Assets

Property and equipment are stated at cost less accumulated depreciation and amortization, and are depreciated on a straight-line basis over the estimated useful lives of the assets, as follows:

Computer equipment	3 years
Software	3 years
Furniture and fixtures	3 to 5 years
Leasehold improvements	the shorter of the lease term or the estimated useful lives of the improvements

Revenue (Tables)

12 Months Ended

Jun. 30, 2022

Revenue From Contract With Customer [Abstract]

Schedule of Disaggregation of Net Revenue

The following table presents the Company’s net revenue disaggregated by vertical (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Net revenue:
Financial Services	$	417,110	$	426,819	$	366,289
Home Services		158,805		134,538		49,931
Other Revenue		6,184		5,543		—
Divested Businesses⁽¹⁾		—		11,587		74,119
Total net revenue	$	582,099	$	578,487	$	490,339

⁽¹⁾	Represents revenue recognized from the businesses divested in fiscal years 2021 and 2020. See Note 7, Divestitures, for more information.

Schedule of Contract Liabilities from Contracts with Clients

The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands):

	June 30,
	2022		2021
Deferred revenue	$	341	$	33
Client deposits		1,163		870
Total	$	1,504	$	903

Net Income per Share (Tables)

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Net Income per Share

The following table presents the calculation of basic and diluted net (loss) income per share:

	Fiscal Year Ended June 30,
	2022			2021		2020
	(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net (loss) income	$	(5,248	)	$	23,555	$	18,102
Denominator:
Basic:
Weighted-average shares of common stock used in computing basic net (loss) income per share		54,339			53,166		51,529
Diluted:
Weighted average shares of common stock used in computing basic net (loss) income per share		54,339			53,166		51,529
Weighted average effect of dilutive securities:
Stock options		—			778		1,054
Restricted stock units		—			1,185		804
Shares issuable related to the ESPP		—			—		—
Weighted average shares of common stock used in computing diluted net (loss) income per share		54,339			55,129		53,387
Net (loss) income per share:
Basic	$	(0.10	)	$	0.44	$	0.35
Diluted ⁽¹⁾	$	(0.10	)	$	0.43	$	0.34
Securities excluded from weighted-average shares used in computing diluted net (loss) income per share because the effect would have been anti-dilutive: ⁽²⁾		3,557			84		1,104

⁽¹⁾	Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred in fiscal year 2022. The assumed issuance of any additional shares would be anti-dilutive.

⁽²⁾	These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis

The following table presents the fair value of the Company’s financial instruments (in thousands):

	June 30, 2022								June 30, 2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	4,404	$	—	$	—	$	4,404	$	1,670	$	—	$	—	$	1,670
Total	$	4,404	$	—	$	—	$	4,404	$	1,670	$	—	$	—	$	1,670
Liabilities:
Post-closing payments related to acquisitions	$	—	$	28,437	$	—	$	28,437	$	—	$	34,954	$	—	$	34,954
Contingent consideration related to acquisitions		—		—		1,787		1,787		—		—		5,432		5,432
Total	$	—	$	28,437	$	1,787	$	30,224	$	—	$	34,954	$	5,432	$	40,386

Reported as:
Cash and cash equivalents							$	4,404							$	1,670
Other Liabilities:
Current							$	12,369							$	12,697
Noncurrent								17,855								27,689
Total							$	30,224							$	40,386

Schedule of Change in Contingent Consideration

The following table represents the change in the contingent consideration (in thousands):

	Level 3
Balance as of June 30, 2020	$	3,170
Additions related to the acquisition of FCE (initial measurement)		2,926
Change in fair value during the period		—
Payments made during the period		(664	)
Balance as of June 30, 2021		5,432
Change in fair value during the period		(926	)
Payments made during the period		(2,719	)
Balance as of June 30, 2022	$	1,787

Acquisitions (Tables)

12 Months Ended

Jun. 30, 2022

Business Acquisition [Line Items]

Summary of Unaudited Pro Forma Financial Information Combined Results of Operations

Unaudited Pro Forma Financial Information

	Fiscal Year Ended June 30,
	2021		2020
	(In thousands)
Net revenue	$	578,487	$	561,428
Net income		24,253		23,184

Modernize, Inc. [Member]

Business Acquisition [Line Items]

Schedule of Consideration

The following table summarizes the consideration as of the acquisition date (in thousands):

	Estimated Fair Value
Cash	$	43,944
Post-closing payments, net of imputed interest of $2,724		24,776
Section 338 election payment to Modernize		1,703
Total	$	70,423

Summary of Preliminary Allocation of Purchase Price to Fair Values of Identifiable Assets Acquired and Liabilities Assumed

	Estimated Fair Value
	Preliminary as of July 1, 2020		Year to Date Adjustments ⁽¹⁾			Final as of June 30, 2021
Cash and cash equivalents	$	3,638	$	—		$	3,638
Accounts receivable, net		4,999		—			4,999
Operating lease right-of-use assets		4,702		—			4,702
Other intangible assets		33,700		—			33,700
Other assets		1,386		—			1,386
Total identifiable assets acquired		48,425		—			48,425

Accrued liabilities		4,909		—			4,909
Operating lease liabilities		4,896		—			4,896
Deferred tax liabilities		7,886		(7,886	)		—
Other liabilities		465		(240	)		225
Total identifiable liabilities assumed		18,156		(8,126	)		10,030

Net identifiable assets acquired		30,269		8,126			38,395
Goodwill		38,451		(6,423	)		32,028
Net assets acquired	$	68,720	$	1,703		$	70,423

⁽¹⁾

Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives

The following table summarizes the fair values of the identifiable intangible assets acquired and the estimated useful lives as of the acquisition date (in thousands):

	Estimated Fair Value		Estimated Useful Life
Customer/publisher/advertiser relationships	$	21,300	9 years
Content		800	1.5 years
Website/trade/domain names		5,300	15 years
Acquired technology and others		6,300	4 years
Total	$	33,700

FC Ecosystem, LLC [Member]

Business Acquisition [Line Items]

Schedule of Consideration

The following table summarizes the consideration as of the acquisition date (in thousands):

	Estimated Fair Value
Cash	$	7,000
Post-closing payments, net of imputed interest of $189		3,811
Contingent consideration		2,926
Total	$	13,737

Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives

	Estimated Fair Value		Estimated Useful Life
Customer/publisher/advertiser relationships	$	8,600	7 years
Goodwill		5,137	Indefinite
Total	$	13,737

Balance Sheet Components (Tables)

12 Months Ended

Jun. 30, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Accounts Receivable, Net

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

	June 30,
	2022			2021
Accounts receivable, gross	$	82,965		$	88,938
Less: Allowance for credit losses and revenue reserves		(1,536	)		(1,010	)
Accounts receivable, net	$	81,429		$	87,928

Schedule of Prepaid Expenses and Other Assets

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

	June 30,
	2022		2021
Prepaid expenses	$	4,195	$	3,843
Income tax receivable		131		3,541
Other assets		598		546
Total	$	4,924	$	7,930

Property and Equipment, Net

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

	June 30,
	2022			2021
Computer equipment	$	14,929		$	12,997
Software		11,420			11,901
Furniture and fixtures		2,846			3,163
Leasehold improvements		3,011			3,016
Internal software development costs		43,992			39,279
Total property plant and equipment, gross		76,198			70,356
Less: Accumulated depreciation and amortization		(66,887	)		(63,507	)
Total property plant and equipment, net	$	9,311		$	6,849

Accrued Liabilities

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

	June 30,
	2022		2021
Accrued media costs	$	35,552	$	41,226
Accrued professional service and other business expenses		13,513		10,550
Accrued compensation and related expenses		5,394		5,874
Total	$	54,459	$	57,650

Intangible Assets, Net and Goodwill (Tables)

12 Months Ended

Jun. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

	June 30, 2022							June 30, 2021
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer/publisher/advertiser relationships	$	91,629	$	(52,449	)	$	39,180	$	90,830	$	(43,485	)	$	47,345
Content		43,056		(43,056	)		—		43,056		(42,790	)		266
Website/trade/domain names		25,302		(18,853	)		6,449		25,102		(18,303	)		6,799
Acquired technology and others		34,934		(30,867	)		4,067		33,834		(29,067	)		4,767
Total	$	194,921	$	(145,225	)	$	49,696	$	192,822	$	(133,645	)	$	59,177

Amortization Expense

Future amortization expense for the Company’s intangible assets as of June 30, 2022 was as follows (in thousands):

Fiscal Year Ending June 30,	Amortization
2023	$	11,122
2024		10,185
2025		8,045
2026		5,420
2027		4,473
Thereafter		10,451
Total	$	49,696

Changes in Carrying Amount of Goodwill

Goodwill

The changes in the carrying amount of goodwill for fiscal years 2022 and 2021 were as follows (in thousands):

	Goodwill
Balance at June 30, 2020	$	80,677
Goodwill acquired ⁽¹⁾		40,368
Goodwill disposed ⁽²⁾		(3,212	)
Balance at June 30, 2021		117,833
Goodwill acquired ⁽¹⁾		3,308
Balance at June 30, 2022	$	121,141

⁽²⁾ Represents goodwill disposed associated with the business divestitures completed in fiscal year 2021. See Note 7, Divestitures, for more information.

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Components of (Loss) Income Before Income Taxes

The components of (loss) income before income taxes were as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
US	$	(6,022	)	$	29,433		$	17,824
Foreign		260			(104	)		862
Total	$	(5,762	)	$	29,329		$	18,686

Components of the (Benefit From) Provision For Income Taxes

The components of the (benefit from) provision for income taxes were as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
Current:
Federal	$	—		$	(3	)	$	—
State		176			252			(3,110	)
Foreign		195			187			218
Total current provision for (benefit from) income taxes		371			436			(2,892	)
Deferred:
Federal		(1,032	)		4,732			2,504
State		147			606			972
Foreign		—			—			—
Total deferred (benefit from) provision for income taxes		(885	)		5,338			3,476
Total (benefit from) provision for income taxes	$	(514	)	$	5,774		$	584

Reconciliation Between Statutory Federal Income Tax (Benefit) Expense and Effective Tax (Benefit) Expense

The reconciliation between the statutory federal income tax (benefit) expense and the Company’s effective tax (benefit) expense was as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
Statutory federal tax	$	(1,210	)	$	6,180		$	3,924
States taxes, net of federal (benefit) expense		(314	)		206			(2,124	)
Foreign rate differential		11			59			390
Stock-based compensation benefit		(774	)		(2,744	)		(1,633	)
Change in valuation allowance		(1,034	)		671			(444	)
Research and development credits		(1,174	)		(1,131	)		(759	)
Disqualified compensation expense		1,806			2,219			993
Uncertain tax position		385			349			333
Business divestitures		—			—			(241	)
Expired attributes		261			—			—
Foreign deferred adjustment		1,354			—			—
Other		175			(35	)		145
Effective income tax	$	(514	)	$	5,774		$	584

Components of Long-Term Deferred Tax Assets and Liabilities, Net

The components of the long-term deferred tax assets and liabilities, net were as follows (in thousands):

	June 30,
	2022			2021
Noncurrent deferred tax assets:
Reserves and accruals	$	1,019		$	1,608
Stock-based compensation expense		3,400			3,841
Intangible assets		—			4,444
Net operating loss		34,684			30,440
Fixed assets		217			135
Tax credits		11,748			10,279
Operating lease liabilities		1,894			3,108
Other		39			38
Total noncurrent deferred tax assets		53,001			53,893
Valuation allowance - long-term		(7,160	)		(8,193	)
Noncurrent deferred tax assets, net		45,841			45,700

Noncurrent deferred tax liabilities:
Intangibles		(2	)		—
Deferred acquisition costs		(215	)		—
Operating lease right-of-use assets		(1,404	)		(2,364	)
Noncurrent deferred tax liabilities		(1,621	)		(2,364	)

Total deferred tax assets, net	$	44,220		$	43,336

Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits was as follows (in thousands):

	Fiscal Year Ended June 30,
	2022			2021			2020
Balance at the beginning of the year	$	4,756		$	4,236		$	3,727
Gross increases - current period tax positions		542			535			406
Gross increases - prior period tax positions		—			—			106
Gross decreases - prior period tax positions		—			(7	)		—
Reductions as a result of lapsed statute of limitations		(2	)		(8	)		(3	)
Balance at the end of the year	$	5,296		$	4,756		$	4,236

Leases (Tables)

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Components of Lease Expense

The components of lease expense for fiscal years 2022, 2021 and 2020 were as follows (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Operating lease expense	$	5,172	$	5,247	$	3,940
Short-term lease expense		619		785		1,119
Variable lease expense ⁽¹⁾		676		571		580
Total lease expense	$	6,467	$	6,603	$	5,639

⁽¹⁾	Variable lease expense for fiscal years 2022, 2021 and 2020 primarily included common area maintenance charges.

Supplemental Information Related to Operating Leases

Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate):

	Fiscal Year Ended June 30,
	2022			2021			2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	6,206		$	6,066		$	3,675

Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	564		$	6,981		$	423

Weighted average remaining lease term - operating leases	1.9 years			2.7 years			3.2 years
Weighted average discount rate - operating leases		5.1	%		5.0	%		4.6	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2022 were as follows (in thousands):

Fiscal Year Ending June 30,	Amount
2023	$	5,855
2024		3,797
2025		860
2026		71
2027		—
Thereafter		—
Total minimum lease payments	$	10,583
Less imputed interest		(1,659	)
Present value of net minimum lease payments	$	8,924
Operating lease liabilities:
Current		5,066
Noncurrent		3,858
Total	$	8,924

Stock Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2022

Stock options [Member]

Schedule of Weighted Average Assumptions

The weighted-average Black-Scholes model assumptions and the weighted-average grant date fair value of stock options in fiscal years 2022, 2021 and 2020 were as follows:

	Fiscal Year Ended June 30,
	2022			2021			2020
Expected term (in years)		4.4			4.5			4.3
Expected volatility		58	%		61	%		58	%
Expected dividend yield		—			—			—
Risk-free interest rate		1.0	%		0.6	%		1.4	%
Grant date fair value	$	8.12		$	7.85		$	5.30

Stock Option Award Activity

The following table summarizes the stock option award activity under the plans in fiscal years 2022 and 2021:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		1,596,853		$	5.25		3.18	$	8,892
Granted		106,186			16.28
Exercised		(758,447	)		5.64
Forfeited		(17,051	)		9.28
Expired		(9,448	)		8.89
Outstanding at June 30, 2021		918,093		$	6.10		2.89	$	11,578
Granted		58,420			17.38
Exercised		(412,941	)		4.48
Forfeited		(9,134	)		11.36
Expired		(6,819	)		13.78
Outstanding at June 30, 2022		547,619		$	8.33		2.76	$	2,110
Vested and expected-to-vest at June 30, 2022 ⁽¹⁾		538,186		$	8.17		2.71	$	2,109
Vested and exercisable at June 30, 2022		440,250		$	6.19		2.06	$	2,106

⁽¹⁾	The expected-to-vest options are the result of applying the pre-vesting forfeiture assumption to total outstanding options.

Schedule of Share Based Compensation Options Outstanding and Exercisable By Range of Exercise Price

The following table summarizes outstanding and exercisable stock options by range of exercise price as of June 30, 2022:

	Options Outstanding						Options Exercisable
Range or Exercise Prices	Number of Shares		Weighted Average Remaining Contractual Term		Weighted Average Exercise Price		Number of Shares		Weighted Average Exercise Price
$3.40 - $3.40		50,000		1.59	$	3.40		50,000	$	3.40
$3.63 - $3.63		137,125		1.08	$	3.63		137,125	$	3.63
$4.01 - $4.01		103,675		2.06	$	4.01		103,128	$	4.01
$5.80 - $7.20		66,666		0.70	$	6.06		66,666	$	6.06
$9.69 - $11.71		61,586		5.17	$	11.49		33,734	$	11.35
$11.98 - $17.16		25,329		3.76	$	13.74		20,554	$	13.71
$18.32 - $18.32		50,000		6.07	$	18.32		11,458	$	18.32
$18.35 - $18.35		1,890		3.01	$	18.35		1,654	$	18.35
$20.73 - $20.73		50,000		5.83	$	20.73		14,583	$	20.73
$24.46 - $24.46		1,348		5.61	$	24.46		1,348	$	24.46
$3.40 - $24.46		547,619		2.76	$	8.33		440,250	$	6.19

Schedule of Total Intrinsic Value, Cash Received and Actual Tax Benefit of All Options Exercised

The following table summarizes the total intrinsic value, the cash received and the actual tax benefit of all options exercised in fiscal years 2022, 2021 and 2020 (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Intrinsic value	$	4,262	$	9,408	$	6,145
Cash received		1,850		4,279		4,480
Tax benefit		725		1,569		894

Service-based RSU [Member]

Schedule of RSU Activity

The following table summarizes the service-based RSU activity under the plans in fiscal years 2022 and 2021:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		1,842,378		$	12.37		1.11	$	18,794
Granted		1,026,425			13.28
Vested		(872,952	)		11.83
Forfeited		(118,211	)		14.14
Outstanding at June 30, 2021		1,877,640		$	12.97		1.26	$	34,039
Granted		1,134,351			16.05
Vested		(751,246	)		13.34
Forfeited		(370,264	)		14.68
Outstanding at June 30, 2022		1,890,481		$	14.33		1.32	$	19,018

Market-based RSUs [Member]

Schedule of RSU Activity

The following table summarizes the market-based RSU activity under the 2010 Incentive Plan in fiscal years 2022 and 2021:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		27,346		$	5.61		0.52	$	763
Granted		—			—
Vested		(20,507	)		4.60
Forfeited		(2,999	)		8.90
Outstanding at June 30, 2021		3,840		$	8.43		0.37	$	919
Granted		—			—
Vested		(3,783	)		8.45
Forfeited		(57	)		7.01
Outstanding at June 30, 2022		—		$	—		—	$	—

Performance-based RSU [Member]

Schedule of RSU Activity

The following table summarizes the performance-based RSU activity under the 2010 Incentive Plan in fiscal years 2022 and 2021:

	Shares			Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life (In years)		Aggregate Intrinsic Value (In thousands)
Outstanding at June 30, 2020		1,097,642		$	12.37		1.30	$	11,481
Granted		704,485			18.58
Vested		(418,464	)		13.37
Forfeited		(125,325	)		13.89
Outstanding at June 30, 2021		1,258,338		$	16.10		1.19	$	23,380
Granted		754,572			10.06
Vested		(539,108	)		16.15
Forfeited		(249,825	)		13.74
Outstanding at June 30, 2022		1,223,977		$	13.32		1.12	$	12,313

Employee Stock Purchase Plan [Member]

Schedule of Fair Value of Purchase Rights

The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions:

	Fiscal Year Ended June 30, 2022
Expected term (in years)	0.5 - 2.0
Expected volatility	48% - 64%
Expected dividend yield		—
Risk-free interest rate	0.3% - 1.0%
Grant date fair value	$3.72 - $5.33

Segment Information (Tables)

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Net Revenue and Long-Lived Assets by Geographic Area

The following tables set forth net revenue and long-lived assets by geographic area (in thousands):

	Fiscal Year Ended June 30,
	2022		2021		2020
Net revenue:
United States	$	559,984	$	566,589	$	475,208
International		22,115		11,898		15,131
Total net revenue	$	582,099	$	578,487	$	490,339

	June 30,
	2022		2021
Property and equipment, net:
United States	$	9,095	$	6,672
International		216		177
Total property and equipment, net	$	9,311	$	6,849

	June 30,
	2022		2021
Other intangible assets, net:
United States	$	49,696	$	59,177
International		—		—
Total other intangible assets, net	$	49,696	$	59,177

Summary of Significant Accounting Policies - Additional Information (Detail)			12 Months Ended
	Apr. 30, 2022 USD ($)	Apr. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Client Segment	Jun. 30, 2021 USD ($) Client Segment	Jun. 30, 2020 USD ($) Client
Summary Of Significant Accounting Policies [Line Items]
Maximum period for classifying as cash and cash equivalents			3 months
Revenue Reserve			$ 1,400,000	$ 900,000
Financing Receivable Allowance For Credit Losses Ans Revenue Reserve			$ 1,500,000	$ 1,000,000.0
Costs incurred in development phase are capitalized and amortized period			6 months
Maximum period from the acquisition date for recording adjustments to the assets acquired and liabilities assumed			1 year
Number of reporting units \| Segment			1	1
Impairment charges recorded	$ 0	$ 0
Impairment of long-lived assets	$ 0	$ 0
Weighted-average useful life of intangible assets			6 years 2 months 12 days
Employer contributions to defined contribution plan			$ 0	$ 0	$ 0
Change in accounting principle accounting standards update adoption date			Jul. 01, 2021
Change in accounting principle accounting standards update immaterial effect [true false]			true
Accounting Standards Update Description			ASU 2019-12
Maximum
Summary Of Significant Accounting Policies [Line Items]
Fair value method investment ownership percentage			20.00%
Software Development [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets			2 years
Software capitalized amount			$ 4,700,000	$ 2,300,000	$ 1,100,000
Customer Concentration Risk [Member] \| Net revenue [Member] \| Progressive Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of clients accounted for more than 10% of net revenue \| Client			1	1	1
Concentration risk percentage accounted by major clients			17.00%	23.00%	21.00%
Customer Concentration Risk [Member] \| Net revenue [Member] \| Other Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients			10.00%	10.00%	10.00%
Number of clients accounted for more than 10% of net revenue \| Client			0	0	0
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Progressive Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients			16.00%	10.00%
Number of clients that accounted for 10% or more of net accounts receivable \| Client			1	1
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Allstate Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients				15.00%
Number of additional clients that accounted for 10% or more of net accounts receivable \| Client				1
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Other Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients			10.00%	10.00%
Number of clients accounted for more than 10% of net accounts receivable \| Client			0	0

Summary of Significant Accounting Policies - Schedule of Allowance for Credit Losses (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Accounting Policies [Abstract]

Balance, beginning of period

$ 120

$ 9,287

$ 9,529

Provision for credit losses

214

Write-offs charged against the allowance

^[1]

(9,087)

(456)

Recoveries collected

(116)

Balance, end of period

$ 120

$ 9,287

[1]

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

Summary of Significant Accounting Policies - Schedule of Allowance for Credit Losses (Parenthetical) (Detail)	Mar. 31, 2019 USD ($)
Accounting Policies [Abstract]
Allowance for bad debt expense	$ 8,700

Summary of Significant Accounting Policies - Estimated Useful Lives of the Assets (Detail)	12 Months Ended
	Jun. 30, 2022
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	3 years
Furniture and fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	3 years
Furniture and fixtures [Member] \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	5 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of Leasehold improvement	the shorter of the lease term or the estimated useful lives of the improvements
Software [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	3 years

Revenue - Schedule of Disaggregation of Net Revenue (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Disaggregation Of Revenue [Line Items]
Net revenue	$ 582,099	$ 578,487	$ 490,339
Financial Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	417,110	426,819	366,289
Home Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	158,805	134,538	49,931
Other Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	6,184	5,543	0
Divested Businesses [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	$ 0	$ 11,587	$ 74,119

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 40
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 22
-Subparagraph (b)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
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-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue - Schedule of Contract Liabilities from Contracts with Clients (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Contract With Customer Asset And Liability [Abstract]
Deferred revenue	$ 341	$ 33
Client deposits	1,163	870
Total	$ 1,504	$ 903

Revenue - Additional Information (Detail) $ in Millions	12 Months Ended
Revenue - Additional Information (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Revenue From Contract With Customer [Abstract]
Revenue recognized	$ 4.5
Change in amount of advance consideration received from customers	$ 5.1

Net Income per Share - Calculation of Basic and Diluted Net Income per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Basic and Diluted:

Net (loss) income

$ (5,248)

$ 23,555

$ 18,102

Basic:

Weighted-average shares of common stock used in computing basic net (loss) income per share

54,339

53,166

51,529

Weighted-average shares used in computing net (loss) income per share:

Weighted-average shares of common stock used in computing basic net (loss) income per share

54,339

53,166

51,529

Weighted average effect of dilutive securities:

Weighted average shares of common stock used in computing diluted net (loss) income per share

54,339

55,129

53,387

Net (loss) income per share:

Basic

$ (0.10)

$ 0.44

$ 0.35

Diluted

^[1]

$ (0.10)

$ 0.43

$ 0.34

Securities excluded from weighted-average shares used in computing diluted net (loss) income per share because the effect would have been anti-dilutive: (2)

^[2]

3,557

1,104

Stock options [Member]

Weighted average effect of dilutive securities:

Weighted average effect of dilutive securities

778

1,054

Restricted stock units [Member]

Weighted average effect of dilutive securities:

Weighted average effect of dilutive securities

1,185

804

Shares issuable related to the ESPP [Member]

Weighted average effect of dilutive securities:

Weighted average effect of dilutive securities

[1]	Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred in fiscal year 2022. The assumed issuance of any additional shares would be anti-dilutive.
[2]	These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements - Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Assets:
Total Assets	$ 4,404	$ 1,670
Liabilities:
Total Liabilities	30,224	40,386
Cash and cash equivalents	4,404	1,670
Other Liabilities:
Other Liabilities	30,224	40,386
Current [Member]
Other Liabilities:
Other Liabilities	12,369	12,697
Non Current [Member]
Other Liabilities:
Other Liabilities	17,855	27,689
Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	28,437	34,954
Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	1,787	5,432
Money market funds [Member]
Assets:
Total Assets	4,404	1,670
Level 1 [Member]
Assets:
Total Assets	4,404	1,670
Liabilities:
Total Liabilities	0	0
Level 1 [Member] \| Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 1 [Member] \| Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 1 [Member] \| Money market funds [Member]
Assets:
Total Assets	4,404	1,670
Level 2 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	28,437	34,954
Level 2 [Member] \| Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	28,437	34,954
Level 2 [Member] \| Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 2 [Member] \| Money market funds [Member]
Assets:
Total Assets	0	0
Level 3 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	1,787	5,432
Level 3 [Member] \| Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 3 [Member] \| Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	1,787	5,432
Level 3 [Member] \| Money market funds [Member]
Assets:
Total Assets	$ 0	$ 0

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair value, assets, level 1 to level 2 transfers, amount	$ 0	$ 0
Fair value, assets, level 2 to level 1 transfers, amount	0	0
Fair value, liabilities, level 1 to level 2 transfers, amount	0	0
Fair value, liabilities, level 2 to level 1 transfers, amount	0	0
Fair value liabilities level 3 to level 1 transfers, amount	0	0
Fair value assets level 3 to level 1 transfers, amount	0	0
Expense due to change in estimated fair value of contingent consideration	(926,000)	$ 0	$ 0
General and Administrative Expenses [Member]
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Expense due to change in estimated fair value of contingent consideration	$ 900,000

Fair Value Measurements - Schedule of Change in Contingent Consideration (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Additions related to the acquisition of FCE (initial measurement)	$ (926)	$ 0	$ 0
Level 3 [Member]
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	5,432	3,170
Additions related to the acquisition of FCE (initial measurement)		2,926
Change in fair value during the period	(926)	0
Payments made during the period	(2,719)	(664)
Ending balance	$ 1,787	$ 5,432	$ 3,170

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands			3 Months Ended			12 Months Ended
	Mar. 01, 2021	Jul. 01, 2020	Jun. 30, 2022	Dec. 31, 2021	Mar. 31, 2021	Jun. 30, 2021
Nonrecurring Acquisition Cost [Member]
Business Acquisition [Line Items]
Acquisition costs						$ 698
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Closing date of acquisition		Jul. 01, 2020
Cash paid upon closing		$ 43,900
Cash paid for net assets acquired		3,900
Business Combination, post-closing payments		$ 27,500
Business combination, deferred consideration payment period		5 years
Business combination, deferred consideration payment description		post-closing payments, payable in equal annual installments over a five year period, with the first installment paid in the first quarter of fiscal year 2022
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Closing date of acquisition	Mar. 01, 2021
Cash paid upon closing	$ 7,000
Business Combination, post-closing payments	$ 4,000
Business combination, deferred consideration payment period	2 years
Business combination, deferred consideration payment description	post-closing
Business combination, additional contingent consideration payable	$ 9,000
Business combination, contingent consideration payment description	The purchase consideration also includes contingent consideration of up to an additional $9.0 million, which is payable for two years following the date of closing based on the achievement of revenue and margin targets and is calculated every February 28 for the preceding twelve months
Business combination contingent consideration payable period	2 years
Mayo Labs, LLC [Member]
Business Acquisition [Line Items]
Closing date of acquisition					Mar. 31, 2021
Cash paid upon closing					$ 2,000
Business Combination, post-closing payments					$ 2,000
Business combination, deferred consideration payment period					2 years
Business combination, deferred consideration payment description					post-closing payments, payable in equal annual installments over a two year period,
Home Services Client Vertical [Member]
Business Acquisition [Line Items]
Closing date of acquisition			Jun. 30, 2022	Dec. 31, 2021
Cash paid upon closing			$ 1,000	$ 1,000
Business Combination, post-closing payments			$ 1,000	$ 2,000
Business combination, deferred consideration payment period			2 years	2 years
Business combination, deferred consideration payment description			post-closing payments, payable in equal annual installments over a two-year period,	post-closing payments, payable in equal annual installments over a two-year period,

Acquisitions - Schedule of Consideration (Detail) - USD ($) $ in Thousands	Mar. 01, 2021	Jul. 01, 2020
Modernize Inc
Business Acquisition [Line Items]
Cash paid upon closing		$ 43,944
Post-closing payments, net of imputed interest		24,776
Section 338 election payment to Modernize		1,703
Total		$ 70,423
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Cash paid upon closing	$ 7,000
Post-closing payments, net of imputed interest	3,811
Contingent consideration	2,926
Total	$ 13,737

Acquisitions - Schedule of Consideration (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 01, 2021	Jul. 01, 2020
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Deferred Consideration Imputed Interest		$ 2,724
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Deferred Consideration Imputed Interest	$ 189

Acquisitions - Summary of Final Allocation of Purchase Price to the Fair Values of Identifiable Assets Acquired and Liabilities Assumed (Detail) - USD ($)
$ in Thousands

Jun. 30, 2022

Jun. 30, 2021

Jul. 01, 2020

Jun. 30, 2020

Business Acquisition [Line Items]

Goodwill

$ 121,141

$ 117,833

$ 80,677

Modernize, Inc. [Member] | Preliminary [Member]

Business Acquisition [Line Items]

Cash and cash equivalents

3,638

$ 3,638

Accounts receivable, net

4,999

Operating lease right-of-use assets

4,702

Other intangible assets

33,700

Other assets

1,386

Total identifiable assets acquired

48,425

Accrued liabilities

4,909

Operating lease liabilities

4,896

Deferred tax liabilities

7,886

Other liabilities

225

465

Total identifiable liabilities assumed

10,030

18,156

Net identifiable assets acquired

38,395

30,269

Goodwill

32,028

38,451

Net assets acquired

70,423

$ 68,720

Modernize, Inc. [Member] | Year To Date Adjustments [Member]

Business Acquisition [Line Items]

Cash and cash equivalents

^[1]

Accounts receivable, net

^[1]

Operating lease right-of-use assets

^[1]

Other intangible assets

^[1]

Other assets

^[1]

Total identifiable assets acquired

^[1]

Accrued liabilities

^[1]

Operating lease liabilities

^[1]

Deferred tax liabilities

^[1]

(7,886)

Other liabilities

^[1]

(240)

Total identifiable liabilities assumed

^[1]

(8,126)

Net identifiable assets acquired

^[1]

8,126

Goodwill

^[1]

(6,423)

Net assets acquired

^[1]

$ 1,703

[1]

Acquisitions - Summary of Final Allocation of Purchase Price to the Fair Values of Identifiable Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) - Modernize, Inc. [Member] $ in Millions	12 Months Ended
	Jun. 30, 2021 USD ($)
Business Acquisition [Line Items]
Net deferred tax liabilities	$ 7.9
Internal Revenue Service (IRS)
Business Acquisition [Line Items]
Incremental of total consideration due to tax election	1.7
Increase in total consideration	$ 1.7

Acquisitions - Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives (Detail) - USD ($) $ in Thousands			12 Months Ended
	Mar. 01, 2021	Jul. 01, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
Weighted-average useful life of intangible assets			6 years 2 months 12 days
Goodwill			$ 121,141	$ 117,833	$ 80,677
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 33,700
Modernize, Inc. [Member] \| Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 21,300
Weighted-average useful life of intangible assets		9 years
Modernize, Inc. [Member] \| Content [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 800
Weighted-average useful life of intangible assets		1 year 6 months
Modernize, Inc. [Member] \| Website/trade/domain names [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 5,300
Weighted-average useful life of intangible assets		15 years
Modernize, Inc. [Member] \| Acquired technology and others [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 6,300
Weighted-average useful life of intangible assets		4 years
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 13,737
Goodwill	5,137
FC Ecosystem, LLC [Member] \| Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 8,600
Weighted-average useful life of intangible assets	7 years

Acquisitions - Summary of Unaudited Pro Forma Financial Information Combined Results of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Business Combinations [Abstract]
Net revenue	$ 578,487	$ 561,428
Net income	$ 24,253	$ 23,184

Divestitures - Additional Information (Detail) - USD ($) $ in Millions				3 Months Ended
	Aug. 31, 2020	Apr. 30, 2020	Feb. 14, 2020	Sep. 30, 2021	Jun. 30, 2020	Mar. 31, 2020
Restructuring Cost And Reserve [Line Items]
Purchase price of asset sell	$ 20.0	$ 3.3
Purchase price of agreement			$ 12.9
Proceeds from sale of business			10.0
QuinStreet Brasil Online Marketing e Midia Ltda ("QSB") and VEMM, LLC ("VEMM") [Member] \| Euro-Demand Do Brasil Servios de Gerao de Leads Ltda (EDB) [Member]
Restructuring Cost And Reserve [Line Items]
Proceeds from sale of business						$ 1.1
Secured Promissory Note [Member]
Restructuring Cost And Reserve [Line Items]
Secured promissory note, receivable			$ 2.9
Other Income (Expense) [Member]
Restructuring Cost And Reserve [Line Items]
Gain (loss) on disposition of operation				$ 16.6	$ 2.8	$ 12.0

Balance Sheet Components - Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable Net Current [Abstract]
Accounts receivable, gross	$ 82,965	$ 88,938
Less: Allowance for credit losses and revenue reserves	(1,536)	(1,010)
Accounts receivable, net	$ 81,429	$ 87,928

Balance Sheet Components - Schedule of Prepaid Expenses and Other Assets Current (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Prepaid Expense And Other Assets Current [Abstract]
Prepaid expenses	$ 4,195	$ 3,843
Income tax receivable	131	3,541
Other assets	598	546
Total	$ 4,924	$ 7,930

Balance Sheet Components - Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	$ 76,198	$ 70,356
Less: Accumulated depreciation and amortization	(66,887)	(63,507)
Total property plant and equipment, net	9,311	6,849
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	14,929	12,997
Software [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	11,420	11,901
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	2,846	3,163
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	3,011	3,016
Internal software development costs [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	$ 43,992	$ 39,279

Balance Sheet Components - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Property Plant And Equipment Useful Life And Values [Abstract]
Depreciation expense	$ 2.4	$ 1.8	$ 1.3
Amortization expense related to internal software development costs	$ 3.0	$ 2.6	$ 2.4

Balance Sheet Components - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Payables And Accruals [Abstract]
Accrued media costs	$ 35,552	$ 41,226
Accrued professional service and other business expenses	13,513	10,550
Accrued compensation and related expenses	5,394	5,874
Total	$ 54,459	$ 57,650

Intangible Assets, Net and Goodwill - Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 194,921	$ 192,822
Finite-Lived Intangible Assets, Accumulated Amortization	(145,225)	(133,645)
Net Carrying Amount	49,696	59,177
Customer/publisher/advertiser relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	91,629	90,830
Finite-Lived Intangible Assets, Accumulated Amortization	(52,449)	(43,485)
Net Carrying Amount	39,180	47,345
Content [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,056	43,056
Finite-Lived Intangible Assets, Accumulated Amortization	(43,056)	(42,790)
Net Carrying Amount	0	266
Website/trade/domain names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	25,302	25,102
Finite-Lived Intangible Assets, Accumulated Amortization	(18,853)	(18,303)
Net Carrying Amount	6,449	6,799
Acquired technology and others [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	34,934	33,834
Finite-Lived Intangible Assets, Accumulated Amortization	(30,867)	(29,067)
Net Carrying Amount	$ 4,067	$ 4,767

Intangible Assets, Net and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 11.6	$ 11.9	$ 7.8

Intangible Assets, Net and Goodwill - Amortization Expense (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
2023	$ 11,122
2024	10,185
2025	8,045
2026	5,420
2027	4,473
Thereafter	10,451
Net Carrying Amount	$ 49,696	$ 59,177

Intangible Assets, Net and Goodwill - Changes in Carrying Amount of Goodwill (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill, Beginning

$ 117,833

$ 80,677

Goodwill acquired (1)

^[1]

3,308

40,368

Goodwill disposed (2)

^[2]

(3,212)

Goodwill, Ending

$ 121,141

$ 117,833

[1]	Represents goodwill acquired associated with the business acquisitions of Modernize, FCE and Mayo Labs completed in fiscal year 2021, and two immaterial business acquisitions completed in fiscal year 2022. See Note 6, Acquisitions, for more information.
[2]	Represents goodwill disposed associated with the business divestitures completed in fiscal year 2021. See Note 7, Divestitures, for more information

Income Taxes - Components of (Loss) Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
US	$ (6,022)	$ 29,433	$ 17,824
Foreign	260	(104)	862
(Loss) income before income taxes	$ (5,762)	$ 29,329	$ 18,686

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Income Taxes - Components of the (Benefit From) Provision For Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Current:
Federal	$ 0	$ (3)	$ 0
State	176	252	(3,110)
Foreign	195	187	218
Total current provision for (benefit from) income taxes	371	436	(2,892)
Deferred:
Federal	(1,032)	4,732	2,504
State	147	606	972
Foreign	0	0	0
Total deferred (benefit from) provision for income taxes	(885)	5,338	3,476
Total (benefit from) provision for income taxes	$ (514)	$ 5,774	$ 584

Income Taxes - Reconciliation Between Statutory Federal Income Tax (Benefit) Expense and Effective Tax (Benefit) Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Statutory federal tax	$ (1,210)	$ 6,180	$ 3,924
States taxes, net of federal (benefit) expense	(314)	206	(2,124)
Foreign rate differential	11	59	390
Stock-based compensation benefit	(774)	(2,744)	(1,633)
Change in valuation allowance	(1,034)	671	(444)
Research and development credits	(1,174)	(1,131)	(759)
Disqualified compensation expense	1,806	2,219	993
Uncertain tax position	385	349	333
Business divestitures	0	0	(241)
Expired attributes	261	0	0
Foreign deferred adjustment	1,354	0	0
Other	175	(35)	145
Total (benefit from) provision for income taxes	$ (514)	$ 5,774	$ 584

Income Taxes - Components of Long-Term Deferred Tax Assets and Liabilities, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Noncurrent deferred tax assets:
Reserves and accruals	$ 1,019	$ 1,608
Stock-based compensation expense	3,400	3,841
Intangible assets	0	4,444
Net operating loss	34,684	30,440
Fixed assets	217	135
Tax credits	11,748	10,279
Operating lease liabilities	1,894	3,108
Other	39	38
Total noncurrent deferred tax assets	53,001	53,893
Valuation allowance - long-term	(7,160)	(8,193)
Noncurrent deferred tax assets, net	45,841	45,700
Noncurrent deferred tax liabilities:
Intangibles	(2)	0
Deferred acquisition costs	(215)	0
Operating lease right-of-use assets	(1,404)	(2,364)
Noncurrent deferred tax liabilities	(1,621)	(2,364)
Total deferred tax assets, net	$ 44,220	$ 43,336

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Tax Contingency [Line Items]
Deferred tax asset balance	$ 44,220	$ 43,336
Valuation allowance - long-term	7,160	8,193
Operating loss carry-forwards	34,684	30,440
Interest and penalties related to the unrecognized tax benefits	1,400
Unrecognized tax benefits that if recognized would affect the effective tax rate	2,900
Federal [Member]
Income Tax Contingency [Line Items]
Operating loss carry-forwards	138,100	117,700
Operating loss carry-forwards indefinite	$ 54,700
Operating loss carry-forwards, expire date	Jun. 30, 2035
Research and development carry-forwards	$ 7,300
Tax credit carry-forwards, expire date	Jun. 30, 2034
Federal [Member] \| Earliest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year	2013
Federal [Member] \| Latest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year	2020
State [Member]
Income Tax Contingency [Line Items]
Operating loss carry-forwards	$ 78,000	$ 70,400
Operating loss carry-forwards, expire date	Jun. 30, 2034
International [Member] \| Earliest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year	2015
International [Member] \| Latest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year	2019
India [Member] \| International [Member]
Income Tax Contingency [Line Items]
Operating loss carry-forwards	$ 3,600
Operating loss carry-forwards, expire date	Jun. 30, 2023
California [Member] \| State [Member]
Income Tax Contingency [Line Items]
Research and development carry-forwards	$ 10,300

Income Taxes - Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Beginning Balance	$ 4,756	$ 4,236	$ 3,727
Gross increases - current period tax positions	542	535	406
Gross increases - prior period tax positions	0	0	106
Gross decreases - prior period tax positions	0	(7)	0
Reductions as a result of lapsed statute of limitations	(2)	(8)	(3)
Unrecognized Tax Benefits, Ending Balance	$ 5,296	$ 4,756	$ 4,236

Leases - Additional Information (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Lease Cost [Abstract]
Lessee, operating lease, renewal term	5 years
Future principal contractual obligations for operating lease commitments undiscounted lease liability excess amount	$ 0.2

Leases- Components of Lease Expense (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Lease Cost [Abstract]

Operating lease expense

$ 5,172

$ 5,247

$ 3,940

Short-term lease expense

619

785

1,119

Variable lease expense

^[1]

676

571

580

Total lease expense

$ 6,467

$ 6,603

$ 5,639

[1]	Variable lease expense for fiscal years 2022, 2021 and 2020 primarily included common area maintenance charges.

Leases - Supplemental Information Related to Operating Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$ 6,206	$ 6,066	$ 3,675
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$ 564	$ 6,981	$ 423
Weighted average remaining lease term - operating leases	1 year 10 months 24 days	2 years 8 months 12 days	3 years 2 months 12 days
Weighted average discount rate - operating leases	5.10%	5.00%	4.60%

Leases - Maturities of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Lease Cost [Abstract]
2023	$ 5,855
2024	3,797
2025	860
2026	71
2027	0
Thereafter	0
Total minimum lease payments	10,583
Less imputed interest	(1,659)
Present value of net minimum lease payments	8,924
Operating lease liabilities:
Current	$ 5,066
Operating Lease Liability Current Statement Of Financial Position [Extensible List]	Other liabilities
Noncurrent	$ 3,858	$ 8,545
Total	$ 8,924

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Estimated fair value of indemnification agreements	$ 0	$ 0
Estimated fair value of indemnity provisions	0	$ 0
Letter of credit agreement with a financial institution that is used as collateral for the Company's corporate headquarters' operating lease	$ 500,000
Letters of credit automatically renew annually without amendment on the annual expiration date	30 days

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Apr. 30, 2022
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program outstanding shares of common stock authorized to repurchase		$ 40,000
Treasury Stock, Value, Acquired, Cost Method	$ 16,950
Retirement of treasury stock, Shares	1,652,043
Retirement of treasury stock	$ 16,900
Stock repurchased but unsettled, value	$ 1,700
Stock repurchased but unsettled, shares	170,197
Maximum
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of outstanding shares authorized to repurchase	1,652,043
July 2017 Stock Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Treasury Stock Acquired, Average Cost Per Share	$ 10.23
Treasury Stock, Value, Acquired, Cost Method	$ 16,900
Treasury Stock Broker Commission	$ 0.03
Stock repurchase program, remaining available for repurchase	23,100,000

Stock Benefit Plans - Additional Information (Detail) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2009	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 18,506,000	$ 19,633,000	$ 16,717,000
Tax benefits realized		800,000	$ 2,600,000	$ 1,600,000
Total unrecognized compensation expense related to stock options		$ 800,000
Unvested stock options weighted average period (in years)		2 years 8 months 12 days
2010 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
General contractual term for stock options granted to employees		7 years
Common stock reserved for issuance		23,125,612
Percentage of common stock reserved for issuance to be increased					5.00%
Maximum number of shares that may be issued		30,000,000
Shares available for issuance		13,286,740
Directors' Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance		4,598,838
Shares available for issuance		2,160,500
Number of common stock shares increased in reserve for annual basis		200,000
2021 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance		2,164,999
Shares of common stock allowed to purchase at a discount through payroll deductions		15.00%
Purchase of common stock at a percentage of price per share		85.00%
Maximum number of common stock, participant may purchase during purchase period		2,500
Maximum value of common stock, participant may purchase in each calendar year		$ 25,000,000
Number of shares issued		0
Employee payroll contributions accrued		$ 900,000
Purchase period end date		Aug. 24, 2022
Stock options [Member] \| 2010 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Stock options vesting percentage one year from the date of grant		25.00%
Remaining stock option vesting percentage over the three years period thereafter		75.00%
Stock options [Member] \| Directors' Plan [Member] \| Annual Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year	1 year
Stock options [Member] \| Directors' Plan [Member] \| Initial Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Restricted stock units [Member] \| 2010 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
RSUs vesting percentage one year from the date of grant		25.00%
Remaining RSUs vesting quarterly thereafter percentage		6.25%
Restricted stock units [Member] \| Directors' Plan [Member] \| Annual Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year					1 year
Restricted stock units [Member] \| Directors' Plan [Member] \| Initial Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years					4 years
Service-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense		$ 18,900,000
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense		0
Performance-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense		$ 4,500,000

Stock Benefit Plans - Schedule of Weighted Average Assumptions (Detail) - Stock options [Member] - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	4 years 4 months 24 days	4 years 6 months	4 years 3 months 18 days
Expected volatility	58.00%	61.00%	58.00%
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate	1.00%	0.60%	1.40%
Grant date fair value	$ 8.12	$ 7.85	$ 5.30

Stock Benefit Plans - Schedule of Stock Option Award Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Beginning balance, Shares	918,093	1,596,853
Granted, Shares	58,420	106,186
Exercised, Shares	(412,941)	(758,447)
Forfeited, Shares	(9,134)	(17,051)
Expired, Shares	(6,819)	(9,448)
Ending balance, Shares	547,619	918,093	1,596,853
Vested and expected-to-vest at June 30, 2022, Shares	538,186
Vested and exercisable at June 30, 2022, Shares	440,250
Beginning balance, Weighted Average Exercise Price	$ 6.10	$ 5.25
Granted, Weighted Average Exercise Price	17.38	16.28
Exercised, Weighted Average Exercise Price	4.48	5.64
Forfeited, Weighted Average Exercise Price	11.36	9.28
Expired, Weighted Average Exercise Price	13.78	8.89
Ending balance, Weighted Average Exercise Price	8.33	$ 6.10	$ 5.25
Vested and expected-to-vest at June 30, 2022, Weighted Average Exercise Price	8.17
Vested and exercisable at June 30, 2022, Weighted Average Exercise Price	$ 6.19
Weighted Average Remaining Contractual Life (In years)	2 years 9 months 3 days	2 years 10 months 20 days	3 years 2 months 4 days
Vested and expected-to-vest at June 30, 2022, Weighted Average Remaining Contractual Life (In years)	2 years 8 months 15 days
Vested and exercisable at June 30, 2022, Weighted Average Remaining Contractual Life (In years)	2 years 21 days
Aggregate Intrinsic Value	$ 2,110	$ 11,578	$ 8,892
Vested and expected-to-vest at June 30, 2022, Aggregate Intrinsic Value	2,109
Vested and exercisable at June 30, 2022, Aggregate Intrinsic Value	$ 2,106

Stock Benefit Plans - Schedule of Share Based Compensation Options Outstanding and Exercisable By Price Range (Detail) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	547,619	918,093	1,596,853
Options Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 3 days	2 years 10 months 20 days	3 years 2 months 4 days
Options Outstanding, Weighted Average Exercise Price	$ 8.33	$ 6.10	$ 5.25
$3.40 - $3.40 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	3.40
Weighted Average Exercise Price, Upper	$ 3.40
Options Outstanding, Number of Shares	50,000
Options Outstanding, Weighted Average Remaining Contractual Term	1 year 7 months 2 days
Options Outstanding, Weighted Average Exercise Price	$ 3.40
Options Exercisable, Number of Shares	50,000
Options Exercisable, Weighted Average Exercise Price	$ 3.40
$3.63 - $3.63 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	3.63
Weighted Average Exercise Price, Upper	$ 3.63
Options Outstanding, Number of Shares	137,125
Options Outstanding, Weighted Average Remaining Contractual Term	1 year 29 days
Options Outstanding, Weighted Average Exercise Price	$ 3.63
Options Exercisable, Number of Shares	137,125
Options Exercisable, Weighted Average Exercise Price	$ 3.63
$4.01 - $4.01 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	4.01
Weighted Average Exercise Price, Upper	$ 4.01
Options Outstanding, Number of Shares	103,675
Options Outstanding, Weighted Average Remaining Contractual Term	2 years 21 days
Options Outstanding, Weighted Average Exercise Price	$ 4.01
Options Exercisable, Number of Shares	103,128
Options Exercisable, Weighted Average Exercise Price	$ 4.01
$5.80 - $7.20 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	5.80
Weighted Average Exercise Price, Upper	$ 7.20
Options Outstanding, Number of Shares	66,666
Options Outstanding, Weighted Average Remaining Contractual Term	8 months 12 days
Options Outstanding, Weighted Average Exercise Price	$ 6.06
Options Exercisable, Number of Shares	66,666
Options Exercisable, Weighted Average Exercise Price	$ 6.06
$9.69 - $11.71 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	9.69
Weighted Average Exercise Price, Upper	$ 11.71
Options Outstanding, Number of Shares	61,586
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 2 months 1 day
Options Outstanding, Weighted Average Exercise Price	$ 11.49
Options Exercisable, Number of Shares	33,734
Options Exercisable, Weighted Average Exercise Price	$ 11.35
$11.98 - $17.16 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	11.98
Weighted Average Exercise Price, Upper	$ 17.16
Options Outstanding, Number of Shares	25,329
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 9 months 3 days
Options Outstanding, Weighted Average Exercise Price	$ 13.74
Options Exercisable, Number of Shares	20,554
Options Exercisable, Weighted Average Exercise Price	$ 13.71
$18.32 - $18.32 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	18.32
Weighted Average Exercise Price, Upper	$ 18.32
Options Outstanding, Number of Shares	50,000
Options Outstanding, Weighted Average Remaining Contractual Term	6 years 25 days
Options Outstanding, Weighted Average Exercise Price	$ 18.32
Options Exercisable, Number of Shares	11,458
Options Exercisable, Weighted Average Exercise Price	$ 18.32
$18.35 - $18.35 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	18.35
Weighted Average Exercise Price, Upper	$ 18.35
Options Outstanding, Number of Shares	1,890
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 3 days
Options Outstanding, Weighted Average Exercise Price	$ 18.35
Options Exercisable, Number of Shares	1,654
Options Exercisable, Weighted Average Exercise Price	$ 18.35
$20.73 - $20.73 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	20.73
Weighted Average Exercise Price, Upper	$ 20.73
Options Outstanding, Number of Shares	50,000
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 9 months 29 days
Options Outstanding, Weighted Average Exercise Price	$ 20.73
Options Exercisable, Number of Shares	14,583
Options Exercisable, Weighted Average Exercise Price	$ 20.73
$24.46 - $24.46 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	24.46
Weighted Average Exercise Price, Upper	$ 24.46
Options Outstanding, Number of Shares	1,348
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 7 months 9 days
Options Outstanding, Weighted Average Exercise Price	$ 24.46
Options Exercisable, Number of Shares	1,348
Options Exercisable, Weighted Average Exercise Price	$ 24.46
$3.40 - $24.46 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	3.40
Weighted Average Exercise Price, Upper	$ 24.46
Options Outstanding, Number of Shares	547,619
Options Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 3 days
Options Outstanding, Weighted Average Exercise Price	$ 8.33
Options Exercisable, Number of Shares	440,250
Options Exercisable, Weighted Average Exercise Price	$ 6.19

Stock Benefit Plans - Schedule of Total Intrinsic Value, Cash Received and Actual Tax Benefit of All Options Exercised (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Intrinsic value	$ 4,262	$ 9,408	$ 6,145
Cash received	1,850	4,279	4,480
Tax benefit	$ 725	$ 1,569	$ 894

Stock Benefit Plans - Schedule of RSU Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Service-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares	1,877,640	1,842,378
Granted, Shares	1,134,351	1,026,425
Vested, Shares	(751,246)	(872,952)
Forfeited, Shares	(370,264)	(118,211)
Ending balance, Shares	1,890,481	1,877,640	1,842,378
Beginning balance, Weighted Average Grant Date Fair Value	$ 12.97	$ 12.37
Granted, Weighted Average Grant Date Fair Value	16.05	13.28
Vested, Weighted Average Grant Date Fair Value	13.34	11.83
Forfeited, Weighted Average Grant Date Fair Value	14.68	14.14
Ending balance, Weighted Average Grant Date Fair Value	$ 14.33	$ 12.97	$ 12.37
Weighted Average Remaining Contractual Life (In years)	1 year 3 months 25 days	1 year 3 months 3 days	1 year 1 month 9 days
Aggregate Intrinsic Value, Outstanding	$ 19,018	$ 34,039	$ 18,794
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares	3,840	27,346
Granted, Shares	0	0
Vested, Shares	(3,783)	(20,507)
Forfeited, Shares	(57)	(2,999)
Ending balance, Shares	0	3,840	27,346
Beginning balance, Weighted Average Grant Date Fair Value	$ 8.43	$ 5.61
Granted, Weighted Average Grant Date Fair Value	0	0
Vested, Weighted Average Grant Date Fair Value	8.45	4.60
Forfeited, Weighted Average Grant Date Fair Value	7.01	8.90
Ending balance, Weighted Average Grant Date Fair Value	$ 0	$ 8.43	$ 5.61
Weighted Average Remaining Contractual Life (In years)		4 months 13 days	6 months 7 days
Aggregate Intrinsic Value, Outstanding		$ 919	$ 763
Performance-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares	1,258,338	1,097,642
Granted, Shares	754,572	704,485
Vested, Shares	(539,108)	(418,464)
Forfeited, Shares	(249,825)	(125,325)
Ending balance, Shares	1,223,977	1,258,338	1,097,642
Beginning balance, Weighted Average Grant Date Fair Value	$ 16.10	$ 12.37
Granted, Weighted Average Grant Date Fair Value	10.06	18.58
Vested, Weighted Average Grant Date Fair Value	16.15	13.37
Forfeited, Weighted Average Grant Date Fair Value	13.74	13.89
Ending balance, Weighted Average Grant Date Fair Value	$ 13.32	$ 16.10	$ 12.37
Weighted Average Remaining Contractual Life (In years)	1 year 1 month 13 days	1 year 2 months 8 days	1 year 3 months 18 days
Aggregate Intrinsic Value, Outstanding	$ 12,313	$ 23,380	$ 11,481

Stock Benefit Plans - Schedule of Fair Value of Purchase Rights (Detail) - Employee Stock Purchase Plan [Member]	12 Months Ended
	Jun. 30, 2022 $ / shares
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months
Expected volatility	48.00%
Expected dividend yield	0.00%
Risk-free interest rate	0.30%
Grant date fair value	$ 3.72
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years
Expected volatility	64.00%
Expected dividend yield	0.00%
Risk-free interest rate	1.00%
Grant date fair value	$ 5.33

Segment Information - Additional Information (Detail)	12 Months Ended
Segment Information - Additional Information (Detail)	Jun. 30, 2022 Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segment Information - Net Revenue and Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Net revenue:
Total net revenue	$ 582,099	$ 578,487	$ 490,339
Property and equipment, net:
Total property and equipment, net	9,311	6,849
Other intangible assets, net:
Total other intangible assets, net	49,696	59,177
United States [Member]
Net revenue:
Total net revenue	559,984	566,589	475,208
Property and equipment, net:
Total property and equipment, net	9,095	6,672
Other intangible assets, net:
Total other intangible assets, net	49,696	59,177
International [Member]
Net revenue:
Total net revenue	22,115	11,898	$ 15,131
Property and equipment, net:
Total property and equipment, net	216	177
Other intangible assets, net:
Total other intangible assets, net	$ 0	$ 0

- Definition

+ References

+ Details

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Allowance for doubtful accounts excluding sales returns [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at the beginning of the year

$ 10,177

$ 10,298

Charged to expenses/against revenue

^[1]

630

Write-offs net of recoveries

(751)

Balance at the end of the year

10,177

Allowance for doubtful accounts [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at the beginning of the year

$ 1,010

10,177

Charged to expenses/against revenue

^[1]

581

393

Write-offs net of recoveries

(55)

(9,560)

Balance at the end of the year

1,536

1,010

10,177

Deferred tax asset valuation allowance [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at the beginning of the year

8,193

7,523

8,346

Charged to expenses/against revenue

^[1]

387

(784)

Write-offs net of recoveries

(1,042)

283

(39)

Balance at the end of the year

$ 7,160

$ 8,193

$ 7,523

[1]	Additions to the allowance for doubtful accounts and the valuation allowance are charged to expense. Additions to the allowance for sales returns are charged against revenue.