QuinStreet (QNST) 10-K 28 Aug 20 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2020	Aug. 24, 2020	Dec. 31, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
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		52,659,296
Entity Public Float			$ 716,784,346
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 2020 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

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 107,509	$ 62,522
Accounts receivable, net	64,472	75,628
Prepaid expenses and other assets	13,591	5,228
Total current assets	185,572	143,378
Property and equipment, net	5,657	5,410
Operating lease right-of-use assets	9,118	0
Goodwill	80,677	82,544
Other intangible assets, net	28,174	35,118
Deferred tax assets, noncurrent	48,673	52,149
Other assets, noncurrent	536	6,012
Total assets	358,407	324,611
Current liabilities:
Accounts payable	36,759	37,093
Accrued liabilities	42,271	36,878
Deferred revenue	73	761
Other liabilities	6,734	8,967
Total current liabilities	85,837	83,699
Operating lease liabilities, noncurrent	8,692	0
Other liabilities, noncurrent	7,934	18,083
Total liabilities	102,463	101,782
Commitments and contingencies (See Note 12)	0	0
Stockholders' equity:
Common stock: $0.001 par value; 100,000,000 shares authorized; 52,209,813 and 50,518,460 shares issued and outstanding at June 30, 2020 and June 30, 2019	52	50
Additional paid-in capital	304,650	289,768
Accumulated other comprehensive loss	(237)	(366)
Accumulated deficit	(48,521)	(66,623)
Total stockholders' equity	255,944	222,829
Total liabilities and stockholders' equity	$ 358,407	$ 324,611

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Jun. 30, 2019
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	52,209,813	50,518,460
Common stock, shares outstanding	52,209,813	50,518,460

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net revenue		$ 490,339	$ 455,154	$ 404,358
Cost of revenue	[1]	437,864	393,509	345,947
Gross profit		52,475	61,645	58,411
Operating expenses:
Product development	[1]	14,206	12,329	13,805
Sales and marketing	[1]	8,876	8,755	10,414
General and administrative		23,188	29,834	18,556
Operating income		6,205	10,727	15,636
Interest income		230	290	181
Interest expense		(696)	(367)	0
Other income, net		12,947	69	687
Income before income taxes		18,686	10,719	16,504
(Provision for) benefit from income taxes		(584)	51,761	(574)
Net income		$ 18,102	$ 62,480	$ 15,930
Net income per share:
Basic		$ 0.35	$ 1.26	$ 0.34
Diluted		$ 0.34	$ 1.18	$ 0.32
Weighted-average shares used in computing net income per share:
Basic		51,529	49,581	46,417
Diluted		53,387	52,754	49,872
[1]

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Cost of revenue [Member]
Stock-based compensation	$ 8,569	$ 7,354	$ 3,982
Product development [Member]
Stock-based compensation	1,819	1,606	1,949
Sales and marketing [Member]
Stock-based compensation	1,701	1,358	1,222
General and administrative [Member]
Stock-based compensation	$ 4,628	$ 3,810	$ 3,029

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 18,102	$ 62,480	$ 15,930
Other comprehensive income:
Foreign currency translation adjustment	129	14	83
Total other comprehensive income	129	14	83
Comprehensive income	$ 18,231	$ 62,494	$ 16,013

Consolidated Statements of Stoc

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, 2017	$ 118,082	$ 45		$ 263,533	$ (463)	$ (145,033)
Beginning Balance, Shares at Jun. 30, 2017		45,435,836
Issuance of common stock upon exercise of stock options	11,115	$ 1		11,114
Issuance of common stock upon exercise of stock options, Shares		1,465,265
Release of restricted stock, net of share settlement		$ 2		(2)
Release of restricted stock, net of share settlement, Shares		1,338,624
Stock-based compensation expense	10,250			10,250
Withholding taxes related to release of restricted stock, net of share settlement	(6,487)			(6,487)
Repurchase of common stock	(647)		$ (647)
Repurchase of common stock, Shares			(93,341)
Retirement of treasury stock	$ 647		$ 647	(647)
Retirement of treasury stock, Shares	93,341	(93,341)	93,341
Net income	$ 15,930					15,930
Other comprehensive income	83				83
Ending Balance at Jun. 30, 2018	148,326	$ 48		277,761	(380)	(129,103)
Ending Balance, Shares at Jun. 30, 2018		48,146,384
Issuance of common stock upon exercise of stock options	$ 7,702	$ 1		7,701
Issuance of common stock upon exercise of stock options, Shares	1,147,124	1,147,124
Release of restricted stock, net of share settlement		$ 1		(1)
Release of restricted stock, net of share settlement, Shares		1,224,952
Stock-based compensation expense	$ 14,198			14,198
Withholding taxes related to release of restricted stock, net of share settlement	(9,891)			(9,891)
Retirement of treasury stock	$ 0
Retirement of treasury stock, Shares	0
Net income	$ 62,480					62,480
Other comprehensive income	14				14
Ending Balance at Jun. 30, 2019	$ 222,829	$ 50		289,768	(366)	(66,623)
Ending Balance, Shares at Jun. 30, 2019	50,518,460	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	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)
Retirement of treasury stock	$ 0
Retirement of treasury stock, Shares	0
Net income	$ 18,102					18,102
Other comprehensive income	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	52,209,813

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities
Net income	$ 18,102	$ 62,480	$ 15,930
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,476	8,975	7,767
Provision for sales returns and doubtful accounts receivable	625	9,343	525
Stock-based compensation	16,717	14,128	10,182
Non-cash lease expense	259	0	0
Deferred income taxes	3,546	(52,019)	(51)
Gain on divestitures of businesses, net	(13,578)	0	0
Other adjustments, net	315	610	(1,108)
Changes in assets and liabilities:
Accounts receivable	11,354	(8,321)	(24,958)
Prepaid expenses and other assets	(8,136)	(545)	1,910
Other assets, noncurrent	5,508	634	1,096
Accounts payable	103	4,534	7,350
Accrued liabilities	1,173	(3,368)	8,489
Deferred revenue	178	46	(411)
Other liabilities, noncurrent	(34)	1,468	258
Net cash provided by operating activities	47,608	37,965	26,979
Cash Flows from Investing Activities
Capital expenditures	(1,962)	(1,972)	(610)
Business acquisitions, net	(2,000)	(32,737)	(14,154)
Internal software development costs	(2,291)	(2,336)	(2,146)
Proceeds from divestitures of businesses, net of cash divested	15,096	0	0
Other investing activities	25	56	1,061
Net cash provided by (used in) investing activities	8,868	(36,989)	(15,849)
Cash Flows from Financing Activities
Proceeds from exercise of common stock options	4,092	7,789	11,028
Payment of withholding taxes related to release of restricted stock, net of share settlement	(6,376)	(9,891)	(6,487)
Post-closing payments and contingent consideration related to acquisitions	(9,348)	(1,952)	0
Repurchases of common stock	0	0	(647)
Net cash (used in) provided by financing activities	(11,632)	(4,054)	3,894
Effect of exchange rate changes on cash, cash equivalents and restricted cash	143	26	105
Net increase (decrease) in cash, cash equivalents and restricted cash	44,987	(3,052)	15,129
Cash, cash equivalents and restricted cash at beginning of period	62,536	65,588	50,459
Cash, cash equivalents and restricted cash at end of period	107,523	62,536	65,588
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents	107,509	62,522	64,700
Restricted cash included in other assets, noncurrent	$ 14	$ 14	$ 888
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Cash, cash equivalents and restricted cash at end of period	$ 107,523	$ 62,536	$ 65,588
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	373	334	245
Supplemental Disclosure of Noncash Investing and Financing Activities
Post-closing payments unpaid at acquisition date (See Note 6)	0	17,893	0
Contingent consideration unpaid at acquisition date (See Note 6)	0	5,058	0
Purchases of property and equipment included in accrued liabilities	72	230	215
Retirement of treasury stock	$ 0	$ 0	$ (647)

The Company

The Company	12 Months Ended
	Jun. 30, 2020
Organization [Abstract]
The Company	1. The Company QuinStreet, Inc. (the “Company”) is a leader in performance marketplace products and technologies. 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, education, home services and business-to-business technology. 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 Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Consolidation The consol i Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management Additionally, the COVID-19 pandemic is a factor which may cause actual results to differ from estimates. COVID-19 is contributing to a general slowdown in the global economy and may affect the Company’s business, results of operations, financial condition, and future strategic plans. At this time, the extent to which the COVID-19 may impact the Company’s financial condition or results of operations is uncertain. Revenue Recognition The Company derives revenue primarily from fees earned through the delivery of qualified clicks, leads, inquiries, calls, applications, customers and, to a lesser extent, display advertisements, or impressions. 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 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 number 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 we engage with to generate targeted marketing results for its 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 is the principal in the transaction. As a result, the fees paid by its 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. 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. In fiscal years 2020, 2019 and 2018, the Company had one client, The Progressive Corporation, that accounted for 21%, 22% and 23% of net revenue. No other client accounted for 10% or more of net revenue in fiscal years 2020, 2019 and 2018. The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its clients, does not require collateral, and maintains allowances for potential credit losses on client accounts when deemed necessary. The Company had one client, The Progressive Corporation, that accounted for 17% and 11% of net accounts receivable as of June 30, 2020 and June 30, 2019. No other clients accounted for 10% or more of net accounts receivable as of June 30, 2020 or 2019. 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. 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. 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 $1.1 million, $2.3 million and $2.0 million in fiscal years 2020, 2019 and 2018. 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) 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, 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 The Company accounts for acquisitions of entities that include inputs and processes and have the ability to create outputs as business combinations. Under the acquisition method of accounting, the total consideration is allocated to the tangible and identifiable intangible 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. 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, rates of increase in 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 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 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 2020 and 2019. Based on the results of the qualitative assessment completed as of April 30, 2020 and 2019, 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, 2020 and 2019, the Company evaluated its long-lived assets and concluded there were no indicators of impairment. The weighted-average useful life of intangible assets was 5.8 years as of June 30, 2020. 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 recognizes 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 Income Comprehensive income consists of two components, net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of stockholders’ equity but are excluded from net income. The Company’s comprehensive 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, 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 our 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 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 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 2020, 2019 or 2018. Recent Accounting Pronouncements Accounting Pronouncements Adopted Leases. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued new accounting standard update on leases, which requires the recognition of lease liabilities and ROU assets on the consolidated balance sheets, while recognizing expenses on the consolidated income statements in a manner similar to legacy guidance. The Company adopted the new standard as of July 1, 2019 using the modified transition approach to all leases existing at the date of initial application and not restating comparative periods. The primary impact of adopting the new standard was the recognition of lease liabilities of $16.7 million and ROU assets of $13.1 million for operating leases in the first quarter of fiscal year 2020, which included reclassifying deferred rent as a component of the ROU assets. The Company's adoption of the new standard had no material impact on its consolidated statement of operations and cash flows. The Company elected certain transition practical expedients, which allows the Company not to reassess (i) whether any expired or existing contracts as of the adoption date are or contain a lease, (ii) lease classification for any expired or existing leases as of the adoption date and (iii) initial direct costs for any existing leases as of the adoption date. In addition, the Company has elected not to recognize lease liabilities and ROU assets for short-term leases with terms of twelve months or less. See Note 11, Leases, for further information regarding the impact of adoption of the standard on the Company’s consolidated financial statements. Goodwill Impairment. In January 2017, the FASB issued a new accounting standard update to simplify the measurement of goodwill by eliminating the Step 2 impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The new guidance requires an entity to compare the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The new guidance becomes effective for goodwill impairment tests in fiscal years beginning after December 31, 2019, with early adoption permitted. The Company early adopted the new standard effective on July 1, 2019. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Accounting Pronouncements Not Yet Adopted Fair Value Measurements. In August 2018, the FASB issued a new accounting standard which eliminates, adds and modifies certain disclosure requirements for fair value measurement. The new guidance is effective for the Company in the first quarter of fiscal year 2021. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of the new guidance while delaying adoption of the additional disclosures until their effective date. The Company is currently assessing the impact the new guidance will have on the financial statement disclosures. Although there are several other new accounting pronouncements issued or proposed by the FASB, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or operating results.

Revenue

Revenue	12 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue	3. Revenue Disaggregation of Revenue The following table shows the Company’s net revenue disaggregated by vertical (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 Net revenue: Financial services $ 370,136 $ 330,384 $ 283,114 Education 61,212 68,473 77,261 Other 58,991 56,297 43,983 Total net revenue $ 490,339 $ 455,154 $ 404,358 Contract Balances The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands): June 30, 2020 2019 Deferred revenue $ 73 $ 761 Client deposits 700 661 Total $ 773 $ 1,422 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 . Divestitures

Net Income per Share

Net Income per Share	12 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Income per Share	4. Net Income per Share Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net 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 and restricted stock units using the treasury stock method. The following table presents the calculation of basic and diluted net income per share: Fiscal Year Ended June 30, 2020 2019 2018 (In thousands, except per share data) Numerator: Basic and Diluted: Net income $ 18,102 $ 62,480 $ 15,930 Denominator: Basic: Weighted-average shares of common stock used in computing basic net income per share 51,529 49,581 46,417 Diluted: Weighted average shares of common stock used in computing basic net income per share 51,529 49,581 46,417 Weighted average effect of dilutive securities: Stock options 1,054 1,724 1,334 Restricted stock units 804 1,449 2,121 Weighted average shares of common stock used in computing diluted net income per share 53,387 52,754 49,872 Net income per share: Basic $ 0.35 $ 1.26 $ 0.34 Diluted $ 0.34 $ 1.18 $ 0.32 Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive: (1) 1,104 118 1,129 (1) These weighted shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements The following present June 30, 2020 June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 1,668 $ — $ — $ 1,668 $ 11,206 $ — $ — $ 11,206 Total $ 1,668 $ — $ — $ 1,668 $ 11,206 $ — $ — $ 11,206 Liabilities: Post-closing payments related to acquisitions $ — $ 9,045 $ — $ 9,045 $ — $ 16,259 $ — $ 16,259 Contingent consideration related to acquisitions — — 3,170 3,170 — — 5,058 5,058 Total $ — $ 9,045 $ 3,170 $ 12,215 $ — $ 16,259 $ 5,058 $ 21,317 Reported as: Cash and cash equivalents $ 1,668 $ 11,206 Other Liabilities: Current $ 6,734 $ 8,967 Noncurrent 5,481 12,350 Total $ 12,215 $ 21,317 There were no transfers between Level 1 and Level 2 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 the Company’s acquisitions of AmOne Corp (“AmOne”), CloudControlMedia, LLC (“CCM”) MyBankTracker.com, LLC (“MBT”) Acquisitions Contingent Consideration Related to Acquisitions The contingent consideration consists of estimated future payments related to the Company’s acquisition of CCM and MBT. The fair value of the contingent consideration is determined using the real options technique which incorporates various estimates, including projected net revenue and gross margin that is subject to the contingent consideration payment, a volatility factor applied to net revenue and gross margin based on year-on-year growth in net revenue and gross margin of comparable companies and discount rates. Acquisitions The following table represents the change in the contingent consideration (in thousands): Level 3 Balance as of June 30, 2018 $ — Additions related to acquisitions (initial measurement) 5,058 Balance as of June 30, 2019 5,058 Change in fair value during the period — Payments made during the period (1,888 ) Balance as of June 30, 2020 $ 3,170

Acquisitions

Acquisitions	12 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions	6. Acquisitions Fiscal Year 2019 Acquisitions AmOne Corp. On October 1, 2018, the Company the purchase of AmOne , an online performance marketing company in the financial services client vertical, to broaden its publisher and customer relationships. In exchange for all the outstanding shares of AmOne, the Company paid $23.0 million in cash upon closing (including $2.7 million cash for net assets acquired subject to post-closing adjustments) and will make $8.0 million in post-closing payments, payable in cash in equal semi-annual installments over a two year period, with the first installment paid six months following the date of closing. CloudControlMedia, LLC On April 15, 2019, the Company completed the of a marketing services company in the education client vertical, to broaden its customer relationships In exchange for all the outstanding shares of CCM, the Company paid $8.3 million in cash upon closing (including $0.8 million cash for net assets acquired subject to post-closing adjustments) and will make a series of future payments following the acquisition date. The $7.5 million post-closing payments are payable in cash in equal semi-annual installments over a four year period, with the first installment paid six months following the date of closing. The contingent consideration is payable for five years following the date of closing and is calculated every June 30 and December 31 for the preceding six months. M y B ank T racker.com , LLC O n May 14, 2019, completed the purchase of MBT, a leading personal finance website to broaden its customer relationships. In exchange for all the outstanding shares of MBT, the Company paid $4.5 million in cash upon closing (including $1.5 million cash for net assets acquired) and will make a series of future payments following the acquisition date. The $4.0 million post-closing payments are payable in cash in equal semi-annual installments over a two year period, with the first installment paid twelve months following the date of closing. The contingent consideration is calculated semi-annually for the preceding six months beginning on December 31, 2019 and ending on June 30, 2023. In the third quarter of fiscal year 2020, the Company reached an agreement with the seller and paid off the outstanding balance owed with respect to the contingent consideration. The following table summarizes the total consideration for each acquisition as of the acquisition dates (in thousands): AmOne CCM MBT Cash $ 23,032 $ 8,281 $ 4,511 Post-closing adjustments for net assets acquired 138 (72 ) — Post-closing payments, net of imputed interest (1) 7,514 6,671 3,708 Contingent consideration — 3,553 1,505 Total $ 30,684 $ 18,433 $ 9,724 (1) The post-closing payment is net of imputed interest of $486 thousand for AmOne, $829 thousand for CCM and $292 thousand for MBT. The acquisitions were accounted for as business combinations and the results of operations of the acquired businesses have been included in the Company’s results of operations as of the acquisition date. The Company expensed all transaction costs in the period in which they were incurred. The Company allocated the purchase price to identifiable assets acquired based on their estimated fair values. The fair value of the consideration transferred and the assets acquired and liabilities assumed was determined by the Company and in doing so engaged a third-party valuation specialist to assist with the measurement of the fair value of identifiable intangible assets and obligations related to post-closing payments and contingent consideration. The estimated fair value of the identifiable assets acquired and liabilities assumed in the relevant acquisition is based on management’s best estimates. The fair value of the publisher and advertiser relationships was determined using the multi-period excess earnings income approach or cost approach. The fair value of trade names was determined using the relief-from-royalty method. The fair value of acquired technology 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 fair value of the contingent consideration was determined using the real options technique. See Note 5, Fair Value Measurements, for additional information regarding the valuation of the contingent consideration. The following table summarizes the final allocation of purchase price and the estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands): AmOne Estimated Useful Life CCM Estimated Useful Life MBT Estimated Useful Life Customer/publisher/advertiser relationships $ 21,300 7 years $ 4,500 3-4 years $ 3,400 3-12 years Website/trade/domain names 900 15 years 300 5 years 1,100 15 years Acquired technology and others 500 3 years — n/a — n/a Net assets 2,838 n/a 2,071 n/a 1,671 n/a Goodwill 5,146 Indefinite 11,562 Indefinite 3,553 Indefinite Total $ 30,684 $ 18,433 $ 9,724 As of June 30, 2020, t 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 occurred as of the beginning of fiscal year 2018. The unaudited pro-forma financial information is presented for illustrative purposes only and do 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 2018, nor is it necessarily indicative of the future results of operations of the combined Company. Fiscal Year Ended June 30, 2019 2018 (In thousands) Net revenue 474,378 440,419 Net income 65,445 20,813 The pro forma financial information for fiscal year 2019 included the elimination of $0.4 million of nonrecurring acquisition costs Fiscal Year 2018 Acquisition Katch, LLC In November 2017, the Company acquired certain assets relating to the auto insurance, home insurance and mortgage verticals of Katch, LLC, (“Katch”) an online performance marketing company, for $14.0 million in cash to broaden its customer and publisher relationships. The acquisition was accounted for as a business combination. The results of the acquired assets of Katch have been included in the Company’s consolidated financial statements since the acquisition date. The Company allocated the purchase price to identifiable intangible assets based on their estimated fair values. 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 following table summarizes the allocation of the purchase price and the estimated useful lives of the identifiable assets acquired as of the of the acquisition (in thousands): Estimated Fair Value Estimated Useful Life Customer/publisher/advertiser relationships $ 4,200 4-7 years Acquired technology and others 3,700 3 years Goodwill 6,100 Indefinite Total $ 14,000 The financial results

Divestitures

Divestitures	12 Months Ended
	Jun. 30, 2020
Discontinued Operations And Disposal Groups [Abstract]
Divestitures	7. Divestitures 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

Balance Sheet Components	12 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Balance Sheet Components	8. Balance Sheet Components Accounts Receivable, Net Accounts receivable, net was comprised June 30, 2020 2019 Accounts receivable $ 74,649 $ 85,926 Less: Allowance for doubtful accounts (10,177 ) (10,298 ) Total $ 64,472 $ 75,628 Prepaid Expenses and Other Assets Prepaid expenses and other assets were comprised of the following (in thousands): June 30, 2020 2019 Prepaid expenses $ 9,001 $ 3,504 Income tax receivable 3,798 1,043 Other assets 792 681 Total $ 13,591 $ 5,228 In fiscal year 2016, the Company entered into a 10-year partnership agreement with a large online customer acquisition marketing company focused on the U.S. insurance industry to be its exclusive click monetization partner for the majority of its insurance categories. The agreement included a one-time upfront cash payment of $10.0 million. The payment is being amortized on a straight-line basis over the life of the contract and is assessed for impairment annually. As of June 30, 2020, the Company had recorded $5.3 million within prepaid expenses and other assets on the Company’s consolidated balance sheet as the Company expected to receive payment for the residual balance within the next 12 months. As of June 30, 2019, the Company had recorded $1.0 million within prepaid expenses and other assets and $5.3 million within other assets, noncurrent on the Company’s consolidated balance sheet. Amortization expense was $1.0 million, $1.0 million and $1.0 million for fiscal years 2020, 2019 and 2018. Property and Equipment, Net Property and equipment, net was comprised of the following (in thousands): June 30, 2020 2019 Computer equipment $ 12,763 $ 12,328 Software 11,751 11,605 Furniture and fixtures 3,060 3,156 Leasehold improvements 2,842 2,838 Internal software development costs 36,993 35,941 Total property plant and equipment, gross 67,409 65,868 Less: Accumulated depreciation and amortization (61,752 ) (60,458 ) Total property plant and equipment, net $ 5,657 $ 5,410 Depreciation expense was $1.3 million, $1.1 million and $1.5 million for fiscal years 2020, 2019 and 2018. Amortization expense related to internal software development costs was $2.4 million, $2.3 million and $2.8 million for fiscal years 2020, 2019 and 2018. Accrued liabilities Accrued liabilities were comprised of the following (in thousands): June 30, 2020 2019 Accrued media costs $ 31,948 $ 30,429 Accrued professional service and other business expenses 8,066 4,916 Accrued compensation and related expenses 2,257 1,533 Total $ 42,271 $ 36,878

Intangible Assets, Net and Good

Intangible Assets, Net and Goodwill	12 Months Ended
	Jun. 30, 2020
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, 2020 June 30, 2019 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Customer/publisher/advertiser relationships $ 61,324 $ (36,213 ) $ 25,111 $ 70,300 $ (40,663 ) $ 29,637 Content 55,430 (55,430 ) — 60,964 (60,940 ) 24 Website/trade/domain names 23,059 (20,717 ) 2,342 33,546 (30,218 ) 3,328 Acquired technology and others 27,941 (27,220 ) 721 39,400 (37,271 ) 2,129 Total $ 167,754 $ (139,580 ) $ 28,174 $ 204,210 $ (169,092 ) $ 35,118 Amortization of intangible assets was $7.8 million, $5.6 million and $3.5 million for fiscal years 2020, 2019 and 2018. Future amortization expense for the Company’s intangible assets as of June 30, 2020 was as follows (in thousands): Fiscal Year Ending June 30, Amortization 2021 $ 6,610 2022 5,509 2023 4,913 2024 4,016 2025 3,605 Thereafter 3,521 Total $ 28,174 Goodwill The changes in the carrying amount of goodwill for fiscal years 2020 and 2019 were as follows (in thousands): Goodwill Balance at June 30, 2018 $ 62,283 Additions (1) 20,261 Balance at June 30, 2019 82,544 Additions (2) 1,100 Disposals (3) (2,967 ) Balance at June 30, 2020 $ 80,677 (1) Acquisitions (2) . (3) goodwill disposed associated with the business divestitures completed in fiscal year 2020. See Note 7, Divestitures , for more information.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes The components of income before income taxes were as follows (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 US $ 17,824 $ 10,316 $ 17,218 Foreign 862 403 (714 ) Total $ 18,686 $ 10,719 $ 16,504 The components of the provision for (benefit from) income taxes were as follows (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 Current: Federal $ — $ — $ (2 ) State (3,110 ) 193 479 Foreign 218 255 210 Total current (benefit from) provision for income taxes (2,892 ) 448 687 Deferred: Federal 2,504 (45,201 ) (113 ) State 972 (7,008 ) — Foreign — — — Total deferred provision for (benefit from) income taxes 3,476 (52,209 ) (113 ) Total provision for (benefit from) income taxes $ 584 $ (51,761 ) $ 574 The reconciliation between the statutory federal income tax and the Company’s effective tax rates as a percentage of income before income taxes was as follows: Fiscal Year Ended June 30, 2020 2019 2018 Federal tax rate 21.0 % 21.0 % 27.6 % States taxes, net of federal benefit (11.4 )% (69.3 )% (1.4 )% Foreign rate differential 2.1 % 0.3 % 0.3 % Stock-based compensation expense (8.7 )% (48.9 )% (20.8 )% Change in valuation allowance (2.4 )% (397.8 )% (151.3 )% Research and development credits (4.1 )% (8.5 )% (4.8 )% Federal tax rate change impact — — 146.3 % Disqualified compensation expense 5.3 % 16.5 % 5.7 % Uncertain tax position 1.8 % 2.8 % 1.4 % Business divestitures (1.3 )% — — Other 0.8 % 1.0 % 0.5 % Effective income tax rate 3.1 % (482.9 )% 3.5 % The benefit from state taxes, net of federal benefit, of 11.4% related to an expected tax refund of $3.1 million to be received from the California Franchise Tax Board, based on a settlement reached in the third quarter of fiscal year . The components of the long-term deferred tax assets and liabilities, net were as follows (in thousands): June 30, 2020 2019 Noncurrent deferred tax assets: Reserves and accruals $ 3,973 $ 3,695 Stock-based compensation expense 3,441 3,319 Intangible assets 8,620 18,085 Net operating loss 30,953 27,818 Fixed assets 59 47 Tax credits 8,852 7,474 Operating lease right-of-use assets 884 — Other 237 57 Total noncurrent deferred tax assets 57,019 60,495 Valuation allowance - long-term (7,523 ) (8,346 ) Noncurrent deferred tax assets, net 49,496 52,149 Noncurrent deferred tax liabilities: Operating lease liabilities (823 ) — Noncurrent deferred tax liabilities (823 ) — Total deferred tax assets, net $ 48,673 $ 52,149 The Company recorded a valuation allowance against the majority of the Company’s deferred tax assets at the end of fiscal year 2014. In the second quarter of fiscal year 2019, due to the preponderance of positive evidence, including the Company’s cumulative profit before taxes and future forecasts of continued profitability in the United States, the Company determined that sufficient positive evidence existed to conclude that substantially all of its valuation allowance was no longer needed. Accordingly, the Company released the valuation allowance for the majority of its federal and state deferred tax assets. The Company continues to maintain a valuation allowance related to its deferred tax assets for its foreign entity and California research and development tax credits. 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 carryforward in the India jurisdiction was approximately $ million which will begin to expire on June 30, 2021 . The Company has federal and California research and development tax credit carry-forwards of approximately $ 5.1 million and $ million to offset future taxable income. The federal research and development tax credits, if not used, will begin to expire on June 30, 203 4 , while the state tax credit carry-forwards do not have an expiration date and may be carried forward indefinitely. On June 29, 2020, Governor Newsom signed into law Assembly Bill 85 (“AB 85”). Key provisions of this assembly bill include the suspension of net operating loss (“NOL”) utilization for corporations with at least $1.0 million of net business income or modified adjusted gross income subject to the tax imposed under the California Revenue & Taxation Code. Suspended NOL will receive an extended carryover period for the amount that was disallowed. The AB 85 NOL suspension is effective for taxable years beginning on or after January 1, 2020, and before January 1, 2023. AB 85 also imposes a credit utilization limit of $5.0 million. This credit limit shall apply to the “total of all business credits otherwise allowable” including carryovers. Corporations filing combined returns are limited to $5.0 million for all taxpayers included in the combined report. There is no impact expected related to the passage of AB 85 on the Company as it is currently and has historically been generating net operating losses for tax. 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, 2020 2019 2018 Balance at the beginning of the year $ 3,727 $ 3,256 $ 2,838 Gross increases - current period tax positions 406 467 429 Gross increases - prior period tax positions 106 10 70 Gross decreases - prior period tax positions — — — Reductions as a result of lapsed statute of limitations (3 ) (6 ) (81 ) Balance at the end of the year $ 4,236 $ 3,727 $ 3,256 The Company’s policy is to include interest and penalties related to unrecognized tax benefits within the Company’s (provision for) benefit from income taxes. As of June 30, 2020, the Company has accrued $1.3 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, 2020, unrecognized tax benefits of $2.3 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, 2020, the tax years 2014 through 2018 remain open in the U.S., the tax years 2013 through 2018 remain open in the various state jurisdictions, and the tax years 2015 through 2018 remain open in various foreign jurisdictions. The Company believes that adequate amounts have been reserved for any adjustments that may ultimately result from our open examinations. On March 27, 2020, the “Coronavirus Aid, Relief and Economic Security (CARES) Act” was signed into law. The Act includes income tax provisions relating to net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. These provisions are not expected to have a material effect on the Company’s consolidated financial statements.

Leases

Leases	12 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	11. Leases The Company has operating leases primarily for its office facilities. The leases expire at various dates through fiscal year 2025, 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 year 2020 were as follows (in thousands): Fiscal Year Ended June 30, 2020 Operating lease expense $ 3,940 Short-term lease expense 1,119 Variable lease expense (1) 580 Total lease expense $ 5,639 (1) Variable lease expense for fiscal year 2020 primarily included common area maintenance charges. Rent expense for fiscal years 2019 and 2018 was $3.9 million and $3.4 million, which was recognized using the straight-line method over the term of a lease in accordance with the previous lease accounting standard. Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate): Fiscal Year Ended June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 3,675 Lease liabilities arising from obtaining right-of-use assets Operating leases $ 423 Weighted average remaining lease term - operating leases 3.2 years Weighted average discount rate - operating leases 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 Fiscal Year Ending June 30, Amount 2021 $ 4,492 2022 4,322 2023 3,884 2024 1,789 2025 18 Total minimum lease payments $ 14,505 Less imputed interest (1,600 ) Present value of net minimum lease payments $ 12,905 Operating lease liabilities: Current 4,213 Noncurrent 8,692 Total $ 12,905 Total future principal contractual obligations for operating lease commitments exceeded the undiscounted lease liability by $0.2 million as of June 30, 2020, primarily because the lease liability excluded short-term lease payments (due to the adoption of the short-term lease exemption). As disclosed in the Company’s fiscal year 2019 Annual Report on Form 10-K and under the previous lease accounting standard, the future annual minimum lease payments under noncancelable operating leases as of June 30, 2019 were as follows (in thousands): Operating Fiscal Year Ending June 30, Leases 2020 $ 3,529 2021 4,263 2022 4,234 2023 3,801 2024 1,312 Thereafter 176 Total $ 17,315

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2020
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, 2020 and June 30, 2019. 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, 2020 and June 30, 2019. Letters of Credit The Company has a $0.4 million letter of credit agreement with a financial institution that is used as collateral for fidelity bonds placed with an insurance company and 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 letters of credit automatically renew annually without amendment unless cancelled by the financial institutions within 30 days of the annual expiration date.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	13. Stockholders’ Equity Stock Repurchases In November 2016, the Board of Directors authorized a stock repurchase program to repurchase up to 750,000 outstanding shares of its common stock. Under this program, in fiscal year 2018, the Company repurchased and retired 30,977 shares of its common stock at a weighted-average price of $3.99 per share, excluding a broker commission of $0.03 per share, at a total cost of $0.1 million. Repurchases under this program took place in the open market and were made under a Rule 10b5-1 plan. This program was completed in July 2017. In July 2017, the Board of Directors authorized a stock repurchase program to repurchase up to 905,000 outstanding shares of its common stock. In October 2017, the Board of Directors increased the number of outstanding shares that may be repurchased to 966,000 shares. Under this program, no repurchases were made during fiscal year s 2020 and 2019. D uring fiscal year 2018, the Company repurchased and retired 62,364 shares of its common stock at a weighted-average price of $ 8.36 per share, excluding a broker commission of $ 0.03 per share, at a total cost of $ 0.5 million. Repurchases under this program took place in the open market and were made under a Rule 10b5-1 plan. As of June 30, 20 20 , the number of shares that remains available for repurchase is 903,636 shares. Retirement of There were no shares that were retired in fiscal years 2020 and 2019. In fiscal year 2018, the Company retired 93,341 shares of its common stock with a carrying value of $0.6 million. 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.

Stock Benefit Plans

Stock Benefit Plans	12 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Benefit Plans	14. Stock Benefit Plans Stock-Based Compensation In fiscal years 2020 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 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, 2020, 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 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, 2020. 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 2,481,050 shares available for issuance under the Directors’ Plan as of June 30, 2020. Valuation Assumptions The Company uses the Black-Scholes option-pricing model to fair value its stock options and Monte Carlo simulation model to fair value its market-based RSUs. 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 and market-based RSU. 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 and market-based RSU. The weighted-average Black-Scholes model assumptions and the weighted-average grant date fair value of stock options in fiscal years 2020, 2019 and 2018 were as follows: Fiscal Year Ended June 30, 2020 2019 2018 Expected term (in years) 4.3 4.4 4.6 Expected volatility 58 % 56 % 48 % Expected dividend yield — — — Risk-free interest rate 1.4 % 2.5 % 1.9 % Grant date fair value $ 5.30 $ 6.86 $ 2.09 There were no market-based RSU grants during fiscal years 2020 and 2019. The weighted-average Monte Carlo simulation model assumptions in fiscal year 2018 were as follows: Fiscal Year Ended June 30, 2018 Expected term (in years) 4.0 Expected volatility 50 % Expected dividend yield — Risk-free interest rate 2.4 % Grant date fair value $ 7.66 Stock Option Award Activity The following table summarizes the stock option award activity under the plans in fiscal years 2020 and 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 3,513,963 $ 5.65 4.18 $ 24,989 Granted 81,029 14.52 Exercised (1,147,124 ) 6.71 Forfeited (28,349 ) 4.64 Expired (7,797 ) 11.17 Outstanding at June 30, 2019 2,411,722 $ 5.44 3.64 $ 25,123 Granted 39,010 11.42 Exercised (777,854 ) 5.76 Forfeited (68,750 ) 9.17 Expired (7,275 ) 10.01 Outstanding at June 30, 2020 1,596,853 $ 5.25 3.18 $ 8,892 Vested and expected-to-vest at June 30, 2020 (1) 1,582,998 $ 5.23 3.17 $ 8,841 Vested and exercisable at June 30, 2020 1,257,570 $ 5.08 2.92 $ 7,213 (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, 2020: 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 3.59 $ 3.40 41,666 $ 3.40 $3.59 - $3.59 354,167 3.42 $ 3.59 306,771 $ 3.59 $3.63 - $3.63 326,149 3.08 $ 3.63 303,544 $ 3.63 $3.91 - $3.91 75,000 1.34 $ 3.91 75,000 $ 3.91 $4.01 - $4.01 313,770 3.95 $ 4.01 155,956 $ 4.01 $4.31 - $5.65 165,066 1.90 $ 4.90 154,649 $ 4.93 $5.80 - $9.55 160,419 3.08 $ 7.69 116,668 $ 7.16 $10.75 - $15.64 145,294 3.45 $ 14.10 99,309 $ 14.76 $15.72 - $15.72 2,389 5.87 $ 15.72 2,389 $ 15.72 $18.35 - $18.35 4,599 5.57 $ 18.35 1,618 $ 18.35 $3.40 - $18.35 1,596,853 3.18 $ 5.25 1,257,570 $ 5.08 The following table summarizes the total intrinsic value, the cash received and the actual tax benefit of all options exercised in fiscal years 2020, 2019 and 2018 (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 Intrinsic value $ 6,145 $ 9,749 $ 6,440 Cash received 4,480 7,702 11,115 Tax benefit 894 1,399 — As of June 30, 2020, 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 1.2 years. Service-Based Restricted Stock Unit Activity The following table summarizes the service-based RSU activity under the plans in fiscal years 2020 and 2019: Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 2,667,527 $ 4.33 0.86 $ 33,878 Granted 1,042,354 13.96 Vested (1,638,840 ) 4.35 Forfeited (69,035 ) 8.68 Outstanding at June 30, 2019 2,002,006 $ 9.06 1.10 $ 31,732 Granted 959,740 15.57 Vested (1,018,624 ) 8.66 Forfeited (146,366 ) 12.86 Outstanding at June 30, 2020 1,796,756 $ 12.37 1.11 $ 18,794 As of June 30, 2020, there was $15.5 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 2020 and 2019: Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 498,268 $ 4.89 0.96 $ 6,328 Granted — — Vested (273,941 ) 4.86 Forfeited (28,229 ) 4.61 Outstanding at June 30, 2019 196,098 $ 5.00 0.68 $ 3,108 Granted — — Vested (107,743 ) 4.48 Forfeited (15,387 ) 7.36 Outstanding at June 30, 2020 72,968 $ 5.61 0.52 $ 763 As of June 30, 2020, the total unrecognized compensation expense related to market-based RSUs was immaterial. Performance-Based Restricted Stock Unit Activity The following table summarizes the performance-based RSU activity under the 2010 Incentive Plan in fiscal years 2020 and 2019: Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 — $ — — $ — Granted 742,547 15.85 Vested — — Forfeited (25,935 ) 15.85 Outstanding at June 30, 2019 716,612 $ 15.85 1.36 $ 11,358 Granted 752,671 10.46 Vested (290,929 ) 16.25 Forfeited (80,712 ) 13.89 Outstanding at June 30, 2020 1,097,642 $ 12.37 1.30 $ 11,481 As of June 30, 2020, there was $4.8 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.

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2020
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, 2020 2019 2018 Net revenue: United States $ 475,208 $ 445,957 $ 395,880 International 15,131 9,197 8,478 Total net revenue $ 490,339 $ 455,154 $ 404,358 June 30, 2020 2019 Property and equipment, net: United States $ 5,477 $ 5,149 International 180 261 Total property and equipment, net $ 5,657 $ 5,410 June 30, 2020 2019 Other intangible assets, net: United States $ 28,174 $ 35,044 International — 74 Total other intangible assets, net $ 28,174 $ 35,118

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events On July 1, 2020, the Company completed the acquisition of Modernize, Inc. (“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 ) The Company to account for this transaction as a business combination. The initial accounting, including the identification and allocation of consideration to assets acquired and liabilities assumed, is not complete given the proximity of the acquisition to the financial statement filing date.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2020
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 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 2018 $ 1,950 $ 525 $ (650 ) $ 1,825 Fiscal year 2019 (2) $ 1,625 $ 9,342 $ (669 ) $ 10,298 Fiscal year 2020 $ 10,298 $ 630 $ (751 ) $ 10,177 Deferred tax asset valuation allowance Fiscal year 2018 $ 81,964 $ (24,767 ) $ — $ 57,197 Fiscal year 2019 $ 57,197 $ 571 $ (49,422 ) $ 8,346 Fiscal year 2020 $ 8,346 $ (784 ) $ (39 ) $ 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. (2) In fiscal year 2019, the Company adopted ASC 606 which requires allowance 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 Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consol i
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management Additionally, the COVID-19 pandemic is a factor which may cause actual results to differ from estimates. COVID-19 is contributing to a general slowdown in the global economy and may affect the Company’s business, results of operations, financial condition, and future strategic plans. At this time, the extent to which the COVID-19 may impact the Company’s financial condition or results of operations is uncertain.
Revenue Recognition	Revenue Recognition The Company derives revenue primarily from fees earned through the delivery of qualified clicks, leads, inquiries, calls, applications, customers and, to a lesser extent, display advertisements, or impressions. 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 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 number 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 we engage with to generate targeted marketing results for its 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 is the principal in the transaction. As a result, the fees paid by its 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.
Concentrations of Credit Risk	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. In fiscal years 2020, 2019 and 2018, the Company had one client, The Progressive Corporation, that accounted for 21%, 22% and 23% of net revenue. No other client accounted for 10% or more of net revenue in fiscal years 2020, 2019 and 2018. The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its clients, does not require collateral, and maintains allowances for potential credit losses on client accounts when deemed necessary. The Company had one client, The Progressive Corporation, that accounted for 17% and 11% of net accounts receivable as of June 30, 2020 and June 30, 2019. No other clients accounted for 10% or more of net accounts receivable as of June 30, 2020 or 2019.
Fair Value of Financial Instruments	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. Fair Value Measurements,
Cash and Cash Equivalents	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.
Property and Equipment	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	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 $1.1 million, $2.3 million and $2.0 million in fiscal years 2020, 2019 and 2018. Amortization of internal software development costs is reflected within cost of revenue in the Company’s consolidated statements of operations.
Leases	Leases Effective July 1, 2019, the Company adopted ASC 842, Leases (ASC 842) 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, 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	Business The Company accounts for acquisitions of entities that include inputs and processes and have the ability to create outputs as business combinations. Under the acquisition method of accounting, the total consideration is allocated to the tangible and identifiable intangible 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. 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, rates of increase in 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
Goodwill	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 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 2020 and 2019. Based on the results of the qualitative assessment completed as of April 30, 2020 and 2019, there were no indicators of impairment.
Long-Lived Assets	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, 2020 and 2019, the Company evaluated its long-lived assets and concluded there were no indicators of impairment. The weighted-average useful life of intangible assets was 5.8 years as of June 30, 2020.
Income Taxes	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 recognizes Interest and penalties related to unrecognized tax benefits are recognized within income tax expense.
Foreign Currency Translation	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 Income	Comprehensive Income Comprehensive income consists of two components, net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of stockholders’ equity but are excluded from net income. The Company’s comprehensive 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	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	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, 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 our 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 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
401(k) Savings Plan	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 2020, 2019 or 2018.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Adopted Leases. In February 2016, the Financial Accounting Standards Board (the “FASB”) issued new accounting standard update on leases, which requires the recognition of lease liabilities and ROU assets on the consolidated balance sheets, while recognizing expenses on the consolidated income statements in a manner similar to legacy guidance. The Company adopted the new standard as of July 1, 2019 using the modified transition approach to all leases existing at the date of initial application and not restating comparative periods. The primary impact of adopting the new standard was the recognition of lease liabilities of $16.7 million and ROU assets of $13.1 million for operating leases in the first quarter of fiscal year 2020, which included reclassifying deferred rent as a component of the ROU assets. The Company's adoption of the new standard had no material impact on its consolidated statement of operations and cash flows. The Company elected certain transition practical expedients, which allows the Company not to reassess (i) whether any expired or existing contracts as of the adoption date are or contain a lease, (ii) lease classification for any expired or existing leases as of the adoption date and (iii) initial direct costs for any existing leases as of the adoption date. In addition, the Company has elected not to recognize lease liabilities and ROU assets for short-term leases with terms of twelve months or less. See Note 11, Leases, for further information regarding the impact of adoption of the standard on the Company’s consolidated financial statements. Goodwill Impairment. In January 2017, the FASB issued a new accounting standard update to simplify the measurement of goodwill by eliminating the Step 2 impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The new guidance requires an entity to compare the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The new guidance becomes effective for goodwill impairment tests in fiscal years beginning after December 31, 2019, with early adoption permitted. The Company early adopted the new standard effective on July 1, 2019. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. Accounting Pronouncements Not Yet Adopted Fair Value Measurements. In August 2018, the FASB issued a new accounting standard which eliminates, adds and modifies certain disclosure requirements for fair value measurement. The new guidance is effective for the Company in the first quarter of fiscal year 2021. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of the new guidance while delaying adoption of the additional disclosures until their effective date. The Company is currently assessing the impact the new guidance will have on the financial statement disclosures. Although there are several other new accounting pronouncements issued or proposed by the FASB, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or operating results.
Net Income per Share	Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net 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 and restricted stock units using the treasury stock method.
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	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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
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)

Revenue (Tables)	12 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregation of Net Revenue	The following table shows the Company’s net revenue disaggregated by vertical (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 Net revenue: Financial services $ 370,136 $ 330,384 $ 283,114 Education 61,212 68,473 77,261 Other 58,991 56,297 43,983 Total net revenue $ 490,339 $ 455,154 $ 404,358
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, 2020 2019 Deferred revenue $ 73 $ 761 Client deposits 700 661 Total $ 773 $ 1,422

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Income per Share	The following table presents the calculation of basic and diluted net income per share: Fiscal Year Ended June 30, 2020 2019 2018 (In thousands, except per share data) Numerator: Basic and Diluted: Net income $ 18,102 $ 62,480 $ 15,930 Denominator: Basic: Weighted-average shares of common stock used in computing basic net income per share 51,529 49,581 46,417 Diluted: Weighted average shares of common stock used in computing basic net income per share 51,529 49,581 46,417 Weighted average effect of dilutive securities: Stock options 1,054 1,724 1,334 Restricted stock units 804 1,449 2,121 Weighted average shares of common stock used in computing diluted net income per share 53,387 52,754 49,872 Net income per share: Basic $ 0.35 $ 1.26 $ 0.34 Diluted $ 0.34 $ 1.18 $ 0.32 Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive: (1) 1,104 118 1,129 (1) These weighted shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis	The following present June 30, 2020 June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 1,668 $ — $ — $ 1,668 $ 11,206 $ — $ — $ 11,206 Total $ 1,668 $ — $ — $ 1,668 $ 11,206 $ — $ — $ 11,206 Liabilities: Post-closing payments related to acquisitions $ — $ 9,045 $ — $ 9,045 $ — $ 16,259 $ — $ 16,259 Contingent consideration related to acquisitions — — 3,170 3,170 — — 5,058 5,058 Total $ — $ 9,045 $ 3,170 $ 12,215 $ — $ 16,259 $ 5,058 $ 21,317 Reported as: Cash and cash equivalents $ 1,668 $ 11,206 Other Liabilities: Current $ 6,734 $ 8,967 Noncurrent 5,481 12,350 Total $ 12,215 $ 21,317
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, 2018 $ — Additions related to acquisitions (initial measurement) 5,058 Balance as of June 30, 2019 5,058 Change in fair value during the period — Payments made during the period (1,888 ) Balance as of June 30, 2020 $ 3,170

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Schedule of Consideration	The following table summarizes the total consideration for each acquisition as of the acquisition dates (in thousands): AmOne CCM MBT Cash $ 23,032 $ 8,281 $ 4,511 Post-closing adjustments for net assets acquired 138 (72 ) — Post-closing payments, net of imputed interest (1) 7,514 6,671 3,708 Contingent consideration — 3,553 1,505 Total $ 30,684 $ 18,433 $ 9,724 (1) The post-closing payment is net of imputed interest of $486 thousand for AmOne, $829 thousand for CCM and $292 thousand for MBT.
Summary of Final Allocation of Purchase Price and Estimated Useful Lives of the Identifiable Assets Acquired	The following table summarizes the final allocation of purchase price and the estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands): AmOne Estimated Useful Life CCM Estimated Useful Life MBT Estimated Useful Life Customer/publisher/advertiser relationships $ 21,300 7 years $ 4,500 3-4 years $ 3,400 3-12 years Website/trade/domain names 900 15 years 300 5 years 1,100 15 years Acquired technology and others 500 3 years — n/a — n/a Net assets 2,838 n/a 2,071 n/a 1,671 n/a Goodwill 5,146 Indefinite 11,562 Indefinite 3,553 Indefinite Total $ 30,684 $ 18,433 $ 9,724 The following table summarizes the allocation of the purchase price and the estimated useful lives of the identifiable assets acquired as of the of the acquisition (in thousands): Estimated Fair Value Estimated Useful Life Customer/publisher/advertiser relationships $ 4,200 4-7 years Acquired technology and others 3,700 3 years Goodwill 6,100 Indefinite Total $ 14,000
Summary of Unaudited Pro Forma Financial Information Combined Results of Operations	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 occurred as of the beginning of fiscal year 2018. The unaudited pro-forma financial information is presented for illustrative purposes only and do 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 2018, nor is it necessarily indicative of the future results of operations of the combined Company. Fiscal Year Ended June 30, 2019 2018 (In thousands) Net revenue 474,378 440,419 Net income 65,445 20,813

Balance Sheet Components (Table

Balance Sheet Components (Tables)	12 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Accounts Receivable, Net	Accounts receivable, net was comprised June 30, 2020 2019 Accounts receivable $ 74,649 $ 85,926 Less: Allowance for doubtful accounts (10,177 ) (10,298 ) Total $ 64,472 $ 75,628
Schedule of Prepaid Expenses and Other Assets	Prepaid expenses and other assets were comprised of the following (in thousands): June 30, 2020 2019 Prepaid expenses $ 9,001 $ 3,504 Income tax receivable 3,798 1,043 Other assets 792 681 Total $ 13,591 $ 5,228
Property and Equipment, Net	Property and equipment, net was comprised of the following (in thousands): June 30, 2020 2019 Computer equipment $ 12,763 $ 12,328 Software 11,751 11,605 Furniture and fixtures 3,060 3,156 Leasehold improvements 2,842 2,838 Internal software development costs 36,993 35,941 Total property plant and equipment, gross 67,409 65,868 Less: Accumulated depreciation and amortization (61,752 ) (60,458 ) Total property plant and equipment, net $ 5,657 $ 5,410
Accrued Liabilities	Accrued liabilities were comprised of the following (in thousands): June 30, 2020 2019 Accrued media costs $ 31,948 $ 30,429 Accrued professional service and other business expenses 8,066 4,916 Accrued compensation and related expenses 2,257 1,533 Total $ 42,271 $ 36,878

Intangible Assets, Net and Go_2

Intangible Assets, Net and Goodwill (Tables)	12 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets, Net Intangible assets, net consisted of the following (in thousands): June 30, 2020 June 30, 2019 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Customer/publisher/advertiser relationships $ 61,324 $ (36,213 ) $ 25,111 $ 70,300 $ (40,663 ) $ 29,637 Content 55,430 (55,430 ) — 60,964 (60,940 ) 24 Website/trade/domain names 23,059 (20,717 ) 2,342 33,546 (30,218 ) 3,328 Acquired technology and others 27,941 (27,220 ) 721 39,400 (37,271 ) 2,129 Total $ 167,754 $ (139,580 ) $ 28,174 $ 204,210 $ (169,092 ) $ 35,118
Amortization Expense	Future amortization expense for the Company’s intangible assets as of June 30, 2020 was as follows (in thousands): Fiscal Year Ending June 30, Amortization 2021 $ 6,610 2022 5,509 2023 4,913 2024 4,016 2025 3,605 Thereafter 3,521 Total $ 28,174
Changes in Carrying Amount of Goodwill	Goodwill The changes in the carrying amount of goodwill for fiscal years 2020 and 2019 were as follows (in thousands): Goodwill Balance at June 30, 2018 $ 62,283 Additions (1) 20,261 Balance at June 30, 2019 82,544 Additions (2) 1,100 Disposals (3) (2,967 ) Balance at June 30, 2020 $ 80,677 (1) Acquisitions (2) . (3) goodwill disposed associated with the business divestitures completed in fiscal year 2020. See Note 7, Divestitures , for more information.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Components of Income (Loss) Before Income Taxes	The components of income before income taxes were as follows (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 US $ 17,824 $ 10,316 $ 17,218 Foreign 862 403 (714 ) Total $ 18,686 $ 10,719 $ 16,504
Components of the Provision for (Benefit from) Income Taxes	The components of the provision for (benefit from) income taxes were as follows (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 Current: Federal $ — $ — $ (2 ) State (3,110 ) 193 479 Foreign 218 255 210 Total current (benefit from) provision for income taxes (2,892 ) 448 687 Deferred: Federal 2,504 (45,201 ) (113 ) State 972 (7,008 ) — Foreign — — — Total deferred provision for (benefit from) income taxes 3,476 (52,209 ) (113 ) Total provision for (benefit from) income taxes $ 584 $ (51,761 ) $ 574
Reconciliation Between Statutory Federal Income Tax and Company's Effective Tax Rates as Percentage of Income (Loss) Before Income Taxes	The reconciliation between the statutory federal income tax and the Company’s effective tax rates as a percentage of income before income taxes was as follows: Fiscal Year Ended June 30, 2020 2019 2018 Federal tax rate 21.0 % 21.0 % 27.6 % States taxes, net of federal benefit (11.4 )% (69.3 )% (1.4 )% Foreign rate differential 2.1 % 0.3 % 0.3 % Stock-based compensation expense (8.7 )% (48.9 )% (20.8 )% Change in valuation allowance (2.4 )% (397.8 )% (151.3 )% Research and development credits (4.1 )% (8.5 )% (4.8 )% Federal tax rate change impact — — 146.3 % Disqualified compensation expense 5.3 % 16.5 % 5.7 % Uncertain tax position 1.8 % 2.8 % 1.4 % Business divestitures (1.3 )% — — Other 0.8 % 1.0 % 0.5 % Effective income tax rate 3.1 % (482.9 )% 3.5 %
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, 2020 2019 Noncurrent deferred tax assets: Reserves and accruals $ 3,973 $ 3,695 Stock-based compensation expense 3,441 3,319 Intangible assets 8,620 18,085 Net operating loss 30,953 27,818 Fixed assets 59 47 Tax credits 8,852 7,474 Operating lease right-of-use assets 884 — Other 237 57 Total noncurrent deferred tax assets 57,019 60,495 Valuation allowance - long-term (7,523 ) (8,346 ) Noncurrent deferred tax assets, net 49,496 52,149 Noncurrent deferred tax liabilities: Operating lease liabilities (823 ) — Noncurrent deferred tax liabilities (823 ) — Total deferred tax assets, net $ 48,673 $ 52,149
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, 2020 2019 2018 Balance at the beginning of the year $ 3,727 $ 3,256 $ 2,838 Gross increases - current period tax positions 406 467 429 Gross increases - prior period tax positions 106 10 70 Gross decreases - prior period tax positions — — — Reductions as a result of lapsed statute of limitations (3 ) (6 ) (81 ) Balance at the end of the year $ 4,236 $ 3,727 $ 3,256

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of Lease Expense	The components of lease expense for fiscal year 2020 were as follows (in thousands): Fiscal Year Ended June 30, 2020 Operating lease expense $ 3,940 Short-term lease expense 1,119 Variable lease expense (1) 580 Total lease expense $ 5,639 (1) Variable lease expense for fiscal year 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, 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 3,675 Lease liabilities arising from obtaining right-of-use assets Operating leases $ 423 Weighted average remaining lease term - operating leases 3.2 years Weighted average discount rate - operating leases 4.6 %
Maturities of Operating Lease Liabilities	Maturities of operating Fiscal Year Ending June 30, Amount 2021 $ 4,492 2022 4,322 2023 3,884 2024 1,789 2025 18 Total minimum lease payments $ 14,505 Less imputed interest (1,600 ) Present value of net minimum lease payments $ 12,905 Operating lease liabilities: Current 4,213 Noncurrent 8,692 Total $ 12,905
Future Annual Minimum Lease Payments under Noncancelable Operating Leases	As disclosed in the Company’s fiscal year 2019 Annual Report on Form 10-K and under the previous lease accounting standard, the future annual minimum lease payments under noncancelable operating leases as of June 30, 2019 were as follows (in thousands): Operating Fiscal Year Ending June 30, Leases 2020 $ 3,529 2021 4,263 2022 4,234 2023 3,801 2024 1,312 Thereafter 176 Total $ 17,315

Stock Benefit Plans (Tables)

Stock Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2020
Stock Option Award Activity	The following table summarizes the stock option award activity under the plans in fiscal years 2020 and 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 3,513,963 $ 5.65 4.18 $ 24,989 Granted 81,029 14.52 Exercised (1,147,124 ) 6.71 Forfeited (28,349 ) 4.64 Expired (7,797 ) 11.17 Outstanding at June 30, 2019 2,411,722 $ 5.44 3.64 $ 25,123 Granted 39,010 11.42 Exercised (777,854 ) 5.76 Forfeited (68,750 ) 9.17 Expired (7,275 ) 10.01 Outstanding at June 30, 2020 1,596,853 $ 5.25 3.18 $ 8,892 Vested and expected-to-vest at June 30, 2020 (1) 1,582,998 $ 5.23 3.17 $ 8,841 Vested and exercisable at June 30, 2020 1,257,570 $ 5.08 2.92 $ 7,213 (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, 2020: 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 3.59 $ 3.40 41,666 $ 3.40 $3.59 - $3.59 354,167 3.42 $ 3.59 306,771 $ 3.59 $3.63 - $3.63 326,149 3.08 $ 3.63 303,544 $ 3.63 $3.91 - $3.91 75,000 1.34 $ 3.91 75,000 $ 3.91 $4.01 - $4.01 313,770 3.95 $ 4.01 155,956 $ 4.01 $4.31 - $5.65 165,066 1.90 $ 4.90 154,649 $ 4.93 $5.80 - $9.55 160,419 3.08 $ 7.69 116,668 $ 7.16 $10.75 - $15.64 145,294 3.45 $ 14.10 99,309 $ 14.76 $15.72 - $15.72 2,389 5.87 $ 15.72 2,389 $ 15.72 $18.35 - $18.35 4,599 5.57 $ 18.35 1,618 $ 18.35 $3.40 - $18.35 1,596,853 3.18 $ 5.25 1,257,570 $ 5.08
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 2020, 2019 and 2018 (in thousands): Fiscal Year Ended June 30, 2020 2019 2018 Intrinsic value $ 6,145 $ 9,749 $ 6,440 Cash received 4,480 7,702 11,115 Tax benefit 894 1,399 —
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 2020, 2019 and 2018 were as follows: Fiscal Year Ended June 30, 2020 2019 2018 Expected term (in years) 4.3 4.4 4.6 Expected volatility 58 % 56 % 48 % Expected dividend yield — — — Risk-free interest rate 1.4 % 2.5 % 1.9 % Grant date fair value $ 5.30 $ 6.86 $ 2.09
Market-based RSUs [Member]
Schedule of Weighted Average Assumptions	There were no market-based RSU grants during fiscal years 2020 and 2019. The weighted-average Monte Carlo simulation model assumptions in fiscal year 2018 were as follows: Fiscal Year Ended June 30, 2018 Expected term (in years) 4.0 Expected volatility 50 % Expected dividend yield — Risk-free interest rate 2.4 % Grant date fair value $ 7.66
Schedule of RSU Activity	The following table summarizes the market-based RSU activity under the 2010 Incentive Plan in fiscal years 2020 and 2019: Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 498,268 $ 4.89 0.96 $ 6,328 Granted — — Vested (273,941 ) 4.86 Forfeited (28,229 ) 4.61 Outstanding at June 30, 2019 196,098 $ 5.00 0.68 $ 3,108 Granted — — Vested (107,743 ) 4.48 Forfeited (15,387 ) 7.36 Outstanding at June 30, 2020 72,968 $ 5.61 0.52 $ 763
Service-based RSU [Member]
Schedule of RSU Activity	The following table summarizes the service-based RSU activity under the plans in fiscal years 2020 and 2019: Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 2,667,527 $ 4.33 0.86 $ 33,878 Granted 1,042,354 13.96 Vested (1,638,840 ) 4.35 Forfeited (69,035 ) 8.68 Outstanding at June 30, 2019 2,002,006 $ 9.06 1.10 $ 31,732 Granted 959,740 15.57 Vested (1,018,624 ) 8.66 Forfeited (146,366 ) 12.86 Outstanding at June 30, 2020 1,796,756 $ 12.37 1.11 $ 18,794
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 2020 and 2019: Shares Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Life (In years) Aggregate Intrinsic Value (In thousands) Outstanding at June 30, 2018 — $ — — $ — Granted 742,547 15.85 Vested — — Forfeited (25,935 ) 15.85 Outstanding at June 30, 2019 716,612 $ 15.85 1.36 $ 11,358 Granted 752,671 10.46 Vested (290,929 ) 16.25 Forfeited (80,712 ) 13.89 Outstanding at June 30, 2020 1,097,642 $ 12.37 1.30 $ 11,481

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jun. 30, 2020
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, 2020 2019 2018 Net revenue: United States $ 475,208 $ 445,957 $ 395,880 International 15,131 9,197 8,478 Total net revenue $ 490,339 $ 455,154 $ 404,358 June 30, 2020 2019 Property and equipment, net: United States $ 5,477 $ 5,149 International 180 261 Total property and equipment, net $ 5,657 $ 5,410 June 30, 2020 2019 Other intangible assets, net: United States $ 28,174 $ 35,044 International — 74 Total other intangible assets, net $ 28,174 $ 35,118

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Jun. 30, 2020USD ($)ClientSegment	Jun. 30, 2019USD ($)ClientSegment	Jun. 30, 2018USD ($)Client	Jul. 01, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of other clients that accounted for 10% or more of net revenue | Client			0	0	0
Number of other clients that accounted for 10% or more of net accounts receivable | Client			0	0
Maximum period for classifying as cash and cash equivalents			3 months
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				5 years 9 months 18 days
Right-of-use assets			9,118,000	$ 0		$ 13,100,000
Lease liabilities			$ 12,905,000			$ 16,700,000
Software Development [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets			2 years
Software capitalized amount			$ 1,100,000	$ 2,300,000	$ 2,000,000
Customer Concentration Risk [Member] | Revenue Benchmark | 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			21.00%	22.00%	23.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Progressive Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients			17.00%	11.00%
Number of clients that accounted for 10% or more of net accounts receivable | Client			1	1

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives of the Assets (Detail)	12 Months Ended
	Jun. 30, 2020
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 [Member]
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 Disaggreg

Revenue - Schedule of Disaggregation of Net Revenue (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Net revenue	$ 490,339	$ 455,154	$ 404,358
Financial Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	370,136	330,384	283,114
Education [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	61,212	68,473	77,261
Other [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	$ 58,991	$ 56,297	$ 43,983

Revenue - Schedule of Contract

Revenue - Schedule of Contract Liabilities from Contracts with Clients (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Contract With Customer Asset And Liability [Abstract]
Deferred revenue	$ 73	$ 761
Client deposits	700	661
Total	$ 773	$ 1,422

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Millions	12 Months Ended
	Jun. 30, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Revenue recognized	$ 7.9
Change in amount of advance consideration received from customers	8.2
Derecognition of deferred revenue	$ 0.9

Net Income per Share - Calculat

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, 2020	Jun. 30, 2019	Jun. 30, 2018
Basic and Diluted:
Net income		$ 18,102	$ 62,480	$ 15,930
Basic:
Weighted-average shares of common stock used in computing basic net income per share		51,529	49,581	46,417
Diluted:
Weighted-average shares of common stock used in computing basic net income per share		51,529	49,581	46,417
Weighted average effect of dilutive securities:
Weighted average shares of common stock used in computing diluted net income per share		53,387	52,754	49,872
Net income per share:
Basic		$ 0.35	$ 1.26	$ 0.34
Diluted		$ 0.34	$ 1.18	$ 0.32
Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive:	[1]	1,104	118	1,129
Stock options [Member]
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities		1,054	1,724	1,334
Restricted stock units [Member]
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities		804	1,449	2,121
[1]	These weighted shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements - Sched

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, 2020	Jun. 30, 2019
Assets:
Total Assets	$ 1,668	$ 11,206
Liabilities:
Total Liabilities	12,215	21,317
Cash and cash equivalents	1,668	11,206
Other Liabilities:
Other Liabilities	12,215	21,317
Current [Member]
Other Liabilities:
Other Liabilities	6,734	8,967
Non Current [Member]
Other Liabilities:
Other Liabilities	5,481	12,350
Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	9,045	16,259
Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	3,170	5,058
Level 1 [Member]
Assets:
Total Assets	1,668	11,206
Liabilities:
Total Liabilities	0	0
Cash and cash equivalents	0	0
Other Liabilities:
Other Liabilities	0	0
Level 1 [Member] | Current [Member]
Other Liabilities:
Other Liabilities	0	0
Level 1 [Member] | Non Current [Member]
Other Liabilities:
Other 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 2 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	9,045	16,259
Cash and cash equivalents	0	0
Other Liabilities:
Other Liabilities	0	0
Level 2 [Member] | Current [Member]
Other Liabilities:
Other Liabilities	0	0
Level 2 [Member] | Non Current [Member]
Other Liabilities:
Other Liabilities	0	0
Level 2 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	9,045	16,259
Level 2 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 3 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	3,170	5,058
Cash and cash equivalents	0	0
Other Liabilities:
Other Liabilities	0	0
Level 3 [Member] | Current [Member]
Other Liabilities:
Other Liabilities	0	0
Level 3 [Member] | Non Current [Member]
Other Liabilities:
Other Liabilities	0	0
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	3,170	5,058
Money market funds [Member]
Assets:
Total Assets	1,668	11,206
Money market funds [Member] | Level 1 [Member]
Assets:
Total Assets	1,668	11,206
Money market funds [Member] | Level 2 [Member]
Assets:
Total Assets	0	0
Money market funds [Member] | Level 3 [Member]
Assets:
Total Assets	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
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 Measurements - Sch_2

Fair Value Measurements - Schedule of Change in Contingent Consideration (Detail) - Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 5,058	$ 0
Additions related to acquisitions (initial measurement)		5,058
Change in fair value during the period	0
Payments made during the period	(1,888)
Ending balance	$ 3,170	$ 5,058

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	May 14, 2019	Apr. 15, 2019	Oct. 01, 2018	Nov. 30, 2017	Jun. 30, 2019
AmOne Corp [Member]
Business Acquisition [Line Items]
Closing date of acquisition			Oct. 1, 2018
Cash paid upon closing			$ 23,032
Cash paid for net assets acquired			2,700
Business Combination, post-closing payments			$ 8,000
Business combination, deferred consideration payment period			2 years
Business combination, deferred consideration payment description			post-closing payments, payable in cash in equal semi-annual installments over a two year period, with the first installment paid six months following the date of closing.
Date of acquisition			Oct. 1, 2018
CloudControlMedia, LLC [Member]
Business Acquisition [Line Items]
Closing date of acquisition		Apr. 15, 2019
Cash paid upon closing		$ 8,281
Cash paid for net assets acquired		800
Business Combination, post-closing payments		$ 7,500
Business combination, deferred consideration payment period		4 years
Business combination, deferred consideration payment description		The $7.5 million post-closing payments are payable in cash in equal semi-annual installments over a four year period, with the first installment paid six months following the date of closing.
Date of acquisition		Apr. 15, 2019
Business combination, contingent consideration payment description		The contingent consideration is payable for five years following the date of closing and is calculated every June 30 and December 31 for the preceding six months.
Business combination contingent consideration payable period		5 years
MyBankTracker.com, LLC [Member]
Business Acquisition [Line Items]
Closing date of acquisition	May 14, 2019
Cash paid upon closing	$ 4,511
Cash paid for net assets acquired	1,500
Business Combination, post-closing payments	$ 4,000
Business combination, deferred consideration payment period	2 years
Business combination, deferred consideration payment description	The $4.0 million post-closing payments are payable in cash in equal semi-annual installments over a two year period, with the first installment paid twelve months following the date of closing.
Date of acquisition	May 14, 2019
Business combination, contingent consideration payment description	The contingent consideration is calculated semi-annually for the preceding six months beginning on December 31, 2019 and ending on June 30, 2023.
AmOne Corp, CloudControlMedia, LLC, and MyBankTracker.com, LLC [Member] | Nonrecurring Acquisition Cost [Member]
Business Acquisition [Line Items]
Acquisition costs					$ 400
Katch, LLC [Member]
Business Acquisition [Line Items]
Payments for assets acquired				$ 14,000

Acquisitions - Schedule of Cons

Acquisitions - Schedule of Consideration (Detail) - USD ($) $ in Thousands		May 14, 2019	Apr. 15, 2019	Oct. 01, 2018
AmOne Corp [Member]
Business Acquisition [Line Items]
Cash				$ 23,032
Post-closing adjustments for net assets acquired				138
Post-closing payments, net of imputed interest	[1]			7,514
Contingent consideration				0
Total				$ 30,684
CloudControlMedia, LLC [Member]
Business Acquisition [Line Items]
Cash			$ 8,281
Post-closing adjustments for net assets acquired			(72)
Post-closing payments, net of imputed interest	[1]		6,671
Contingent consideration			3,553
Total			$ 18,433
MyBankTracker.com, LLC [Member]
Business Acquisition [Line Items]
Cash		$ 4,511
Post-closing adjustments for net assets acquired		0
Post-closing payments, net of imputed interest	[1]	3,708
Contingent consideration		1,505
Total		$ 9,724
[1]	The post-closing payment is net of imputed interest of $486 thousand for AmOne, $829 thousand for CCM and $292 thousand for MBT.

Acquisitions - Schedule of Co_2

Acquisitions - Schedule of Consideration (Parenthetical) (Detail) - USD ($) $ in Thousands	May 14, 2019	Apr. 15, 2019	Oct. 01, 2018
AmOne Corp [Member]
Business Acquisition [Line Items]
Post-closing payments net of imputed interest			$ 486
CloudControlMedia, LLC [Member]
Business Acquisition [Line Items]
Post-closing payments net of imputed interest		$ 829
MyBankTracker.com, LLC [Member]
Business Acquisition [Line Items]
Post-closing payments net of imputed interest	$ 292

Acquisitions - Summary of Final

Acquisitions - Summary of Final Allocation of Purchase Price and Estimated Useful Lives of the Identifiable Assets Acquired (Detail) - USD ($) $ in Thousands	May 14, 2019	Apr. 15, 2019	Oct. 01, 2018	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2018
Business Acquisition [Line Items]
Goodwill				$ 82,544	$ 80,677	$ 62,283
Estimated Useful Life				5 years 9 months 18 days
AmOne Corp [Member]
Business Acquisition [Line Items]
Goodwill			$ 5,146
Total purchase price			30,684
AmOne Corp [Member] | Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Fair Value			$ 21,300
Estimated Useful Life			7 years
AmOne Corp [Member] | Website/trade/domain names [Member]
Business Acquisition [Line Items]
Estimated Fair Value			$ 900
Estimated Useful Life			15 years
AmOne Corp [Member] | Acquired technology and others [Member]
Business Acquisition [Line Items]
Estimated Fair Value			$ 500
Estimated Useful Life			3 years
AmOne Corp [Member] | Net assets [Member]
Business Acquisition [Line Items]
Estimated Fair Value			$ 2,838
CloudControlMedia, LLC [Member]
Business Acquisition [Line Items]
Goodwill		$ 11,562
Total purchase price		18,433
CloudControlMedia, LLC [Member] | Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 4,500
CloudControlMedia, LLC [Member] | Customer/publisher/advertiser relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Estimated Useful Life		3 years
CloudControlMedia, LLC [Member] | Customer/publisher/advertiser relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Estimated Useful Life		4 years
CloudControlMedia, LLC [Member] | Website/trade/domain names [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 300
Estimated Useful Life		5 years
CloudControlMedia, LLC [Member] | Net assets [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 2,071
MyBankTracker.com, LLC [Member]
Business Acquisition [Line Items]
Goodwill	$ 3,553
Total purchase price	9,724
MyBankTracker.com, LLC [Member] | Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 3,400
MyBankTracker.com, LLC [Member] | Customer/publisher/advertiser relationships [Member] | Minimum [Member]
Business Acquisition [Line Items]
Estimated Useful Life	3 years
MyBankTracker.com, LLC [Member] | Customer/publisher/advertiser relationships [Member] | Maximum [Member]
Business Acquisition [Line Items]
Estimated Useful Life	12 years
MyBankTracker.com, LLC [Member] | Website/trade/domain names [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 1,100
Estimated Useful Life	15 years
MyBankTracker.com, LLC [Member] | Net assets [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 1,671

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Financial Information Combined Results of Operations (Detail) - AmOne Corp [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition Pro Forma Information Nonrecurring Adjustment [Line Items]
Net revenue	$ 474,378	$ 440,419
Net income	$ 65,445	$ 20,813

Acquisitions - Summary of Alloc

Acquisitions - Summary of Allocation of Purchase Price and Estimated Useful Lives of the Identifiable Assets Acquired (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2017	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2018
Business Acquisition [Line Items]
Estimated Useful Life		5 years 9 months 18 days
Goodwill		$ 82,544	$ 80,677	$ 62,283
Katch, LLC [Member]
Business Acquisition [Line Items]
Goodwill	$ 6,100
Total purchase price	14,000
Katch, LLC [Member] | Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Fair Value	4,200
Katch, LLC [Member] | Acquired technology and others [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 3,700
Estimated Useful Life	3 years
Katch, LLC [Member] | Minimum [Member] | Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Useful Life	4 years
Katch, LLC [Member] | Maximum [Member] | Customer/publisher/advertiser relationships [Member]
Business Acquisition [Line Items]
Estimated Useful Life	7 years

Divestitures - Additional Infor

Divestitures - Additional Information (Detail) - USD ($) $ in Millions	Apr. 30, 2020	Feb. 14, 2020	Jun. 30, 2020	Mar. 31, 2020
Restructuring Cost And Reserve [Line Items]
Purchase price of agreement		$ 12.9
Proceeds from sale of business		10
Purchase price of asset sell	$ 3.3
QuinStreet Brasil Online Marketing e Midia Ltda ("QSB") and VEMM, LLC ("VEMM") | Euro-Demand Do Brasil Serviços de Geração de Leads Ltda (“EDB”)
Restructuring Cost And Reserve [Line Items]
Proceeds from sale of business			$ 1.1
Secured Promissory Note
Restructuring Cost And Reserve [Line Items]
Secured promissory note, receivable		$ 2.9
Other Income (Expense)
Restructuring Cost And Reserve [Line Items]
Gain (loss) on disposition of operation			$ 2.8	$ 12

Balance Sheet Components - Acco

Balance Sheet Components - Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Accounts Receivable Net Current [Abstract]
Accounts receivable	$ 74,649	$ 85,926
Less: Allowance for doubtful accounts	(10,177)	(10,298)
Total	$ 64,472	$ 75,628

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Prepaid Expenses and Other Assets Current (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Prepaid Expense And Other Assets Current [Abstract]
Prepaid expenses	$ 9,001	$ 3,504
Income tax receivable	3,798	1,043
Other assets	792	681
Total	$ 13,591	$ 5,228

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2016
Balance Sheet Components [Line Items]
Depreciation expense	$ 1.3	$ 1.1	$ 1.5
Amortization expense related to internal software development costs	2.4	2.3	2.8
Partnership Agreement [Member]
Balance Sheet Components [Line Items]
Partnership agreement				10 years
Upfront cash payment				$ 10
Prepaid expenses and other assets	5.3	1
Other assets, noncurrent	0	5.3
Amortization expense	$ 1	$ 1	$ 1

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	$ 67,409	$ 65,868
Less: Accumulated depreciation and amortization	(61,752)	(60,458)
Total property plant and equipment, net	5,657	5,410
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	12,763	12,328
Software [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	11,751	11,605
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	3,060	3,156
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	2,842	2,838
Internal software development costs [Member]
Property, Plant and Equipment [Line Items]
Total property plant and equipment, gross	$ 36,993	$ 35,941

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Payables And Accruals [Abstract]
Accrued media costs	$ 31,948	$ 30,429
Accrued professional service and other business expenses	8,066	4,916
Accrued compensation and related expenses	2,257	1,533
Total	$ 42,271	$ 36,878

Intangible Assets, Net and Go_3

Intangible Assets, Net and Goodwill - Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 167,754	$ 204,210
Accumulated Amortization	(139,580)	(169,092)
Net Carrying Amount	28,174	35,118
Customer/publisher/advertiser relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	61,324	70,300
Accumulated Amortization	(36,213)	(40,663)
Net Carrying Amount	25,111	29,637
Content [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	55,430	60,964
Accumulated Amortization	(55,430)	(60,940)
Net Carrying Amount	0	24
Website/trade/domain names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	23,059	33,546
Accumulated Amortization	(20,717)	(30,218)
Net Carrying Amount	2,342	3,328
Acquired technology and others [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	27,941	39,400
Accumulated Amortization	(27,220)	(37,271)
Net Carrying Amount	$ 721	$ 2,129

Intangible Assets, Net and Go_4

Intangible Assets, Net and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Finite Lived Intangible Assets Net [Abstract]
Amortization of intangible assets	$ 7.8	$ 5.6	$ 3.5

Intangible Assets, Net and Go_5

Intangible Assets, Net and Goodwill - Amortization Expense (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
2021	$ 6,610
2022	5,509
2023	4,913
2024	4,016
2025	3,605
Thereafter	3,521
Net Carrying Amount	$ 28,174	$ 35,118

Intangible Assets, Net and Go_6

Intangible Assets, Net and Goodwill - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2020		Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning		$ 82,544		$ 62,283
Additions		1,100	[1]	20,261	[2]
Disposals	[3]	(2,967)
Goodwill, Ending		$ 80,677		$ 82,544
[1]	Represents goodwill acquired associated with an insignificant business acquisition completed in the third quarter of fiscal year 2020 .
[2]	Represents goodwill acquired associated with the business acquisitions completed in fiscal year 2019. See Note 6, Acquisitions
[3]	Represents goodwill disposed associated with the business divestitures completed in fiscal year 2020. See Note 7, Divestitures , for more information.

Income Taxes - Components of In

Income Taxes - Components of Income (Loss) Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
US	$ 17,824	$ 10,316	$ 17,218
Foreign	862	403	(714)
Income (loss) before income taxes	$ 18,686	$ 10,719	$ 16,504

Income Taxes - Components of th

Income Taxes - Components of the Provision for (Benefit from) Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Current:
Federal	$ 0	$ 0	$ (2)
State	(3,110)	193	479
Foreign	218	255	210
Total current (benefit from) provision for income taxes	(2,892)	448	687
Deferred:
Federal	2,504	(45,201)	(113)
State	972	(7,008)	0
Foreign	0	0	0
Total deferred provision for (benefit from) income taxes	3,476	(52,209)	(113)
Total provision for (benefit from) income taxes	$ 584	$ (51,761)	$ 574

Income Taxes - Reconciliation B

Income Taxes - Reconciliation Between Statutory Federal Income Tax and Company's Effective Tax Rates as Percentage of Income (Loss) Before Income Taxes (Detail)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Federal tax rate	21.00%	21.00%	27.60%
States taxes, net of federal benefit	(11.40%)	(69.30%)	(1.40%)
Foreign rate differential	2.10%	0.30%	0.30%
Stock-based compensation expense	(8.70%)	(48.90%)	(20.80%)
Change in valuation allowance	(2.40%)	(397.80%)	(151.30%)
Research and development credits	(4.10%)	(8.50%)	(4.80%)
Federal tax rate change impact	0.00%	0.00%	146.30%
Disqualified compensation expense	5.30%	16.50%	5.70%
Uncertain tax position	1.80%	2.80%	1.40%
Business divestitures	(1.30%)	0.00%	0.00%
Other	0.80%	1.00%	0.50%
Effective income tax rate	3.10%	(482.90%)	3.50%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 29, 2020	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Income Tax Contingency [Line Items]
States taxes, net of federal benefit			(11.40%)	(69.30%)	(1.40%)
Operating loss carry-forwards			$ 30,953	$ 27,818
Interest and penalties related to the unrecognized tax benefits			1,300
Unrecognized tax benefits that if recognized would affect the effective tax rate			2,300
Federal [Member]
Income Tax Contingency [Line Items]
Operating loss carry-forwards			120,800	102,000
Operating loss carry-forwards indefinite			$ 35,200
Operating loss carry-forwards, expire date			Jun. 30, 2035
Research and development carry-forwards			$ 5,100
Tax credit carry-forwards, expire date			Jun. 30, 2034
Federal [Member] | Earliest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year			2014
Federal [Member] | Latest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year			2018
State [Member]
Income Tax Contingency [Line Items]
Operating loss carry-forwards			$ 72,600	$ 64,000
Operating loss carry-forwards, expire date			Jun. 30, 2037
State [Member] | Earliest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year			2013
State [Member] | Latest Tax Year [Member]
Income Tax Contingency [Line Items]
Open tax year			2018
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			2018
India [Member] | International [Member]
Income Tax Contingency [Line Items]
Operating loss carry-forwards			$ 5,500
Operating loss carry-forwards, expire date			Jun. 30, 2021
California [Member] | State [Member]
Income Tax Contingency [Line Items]
Research and development carry-forwards			$ 8,300
CANADA | AB 85 [Member]
Income Tax Contingency [Line Items]
Adjusted gross income subject to tax imposed	$ 1,000
Credit utilization limit amount	5,000
Credit utilization limit amount returned to taxpayers	$ 5,000
California Franchise Tax Board [Member]
Income Tax Contingency [Line Items]
States taxes, net of federal benefit		11.40%
Expected tax refund		$ 3,100

Income Taxes - Components of Lo

Income Taxes - Components of Long-Term Deferred Tax Assets and Liabilities, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Noncurrent deferred tax assets:
Reserves and accruals	$ 3,973	$ 3,695
Stock-based compensation expense	3,441	3,319
Intangible assets	8,620	18,085
Net operating loss	30,953	27,818
Fixed assets	59	47
Tax credits	8,852	7,474
Operating lease right-of-use assets	884	0
Other	237	57
Total noncurrent deferred tax assets	57,019	60,495
Valuation allowance - long-term	(7,523)	(8,346)
Noncurrent deferred tax assets, net	49,496	52,149
Noncurrent deferred tax liabilities:
Operating lease liabilities	(823)	0
Noncurrent deferred tax liabilities	(823)	0
Total deferred tax assets, net	$ 48,673	$ 52,149

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Beginning Balance	$ 3,727	$ 3,256	$ 2,838
Gross increases - current period tax positions	406	467	429
Gross increases - prior period tax positions	106	10	70
Gross decreases - prior period tax positions	0	0	0
Reductions as a result of lapsed statute of limitations	(3)	(6)	(81)
Unrecognized Tax Benefits, Ending Balance	$ 4,236	$ 3,727	$ 3,256

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2020
Lease Cost [Abstract]
Lessee, operating lease, renewal term			5 years
Rent expense	$ 3,900	$ 3,400
Future principal contractual obligations for operating lease commitments undiscounted lease liability excess amount			$ 200,000

Leases- Components of Lease Exp

Leases- Components of Lease Expense (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2020USD ($)
Lease Cost [Abstract]
Operating lease expense	$ 3,940
Short-term lease expense	1,119
Variable lease expense	580	[1]
Total lease expense	$ 5,639
[1]	Variable lease expense for fiscal year 2020 primarily included common area maintenance charges.

Leases - Supplemental Informati

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

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jul. 01, 2019	Jun. 30, 2019
Lease Cost [Abstract]
2021	$ 4,492
2022	4,322
2023	3,884
2024	1,789
2025	18
Total minimum lease payments	14,505
Less imputed interest	(1,600)
Lease liabilities	12,905	$ 16,700
Operating lease liabilities:
Current	$ 4,213
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherCurrentLiabilitiesMember
Noncurrent	$ 8,692		$ 0
Total	$ 12,905	$ 16,700

Leases - Future Annual Minimum

Leases - Future Annual Minimum Lease Payments under Noncancelable Operating Leases (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2020	$ 3,529
2021	4,263
2022	4,234
2023	3,801
2024	1,312
Thereafter	176
Total	$ 17,315

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
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 fidelity bonds placed with an insurance company	400,000
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 - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2016	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018	Oct. 31, 2017	Jul. 31, 2017
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, value of shares repurchased				$ 647
Retirement of treasury stock, Shares		0	0	93,341
Treasury stock retired, carrying value		$ 0	$ 0	$ 647
Maximum [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of outstanding shares authorized to repurchase					966,000	905,000
November 2016 Stock Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of outstanding shares authorized to repurchase	750,000
Stock repurchase program, number of shares repurchased and retired				30,977
Stock repurchase program, weighted average price				$ 3.99
Broker commission, per share				$ 0.03
Stock repurchase program, value of shares repurchased				$ 100
Stock repurchase program, completion date	2017-07
July 2017 Stock Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased and retired				62,364
Stock repurchase program, weighted average price				$ 8.36
Broker commission, per share				$ 0.03
Stock repurchase program, value of shares repurchased				$ 500
Stock repurchase program, number of shares repurchased			0
Stock repurchase program, remaining available for repurchase		903,636

Stock Benefit Plans - Additiona

Stock Benefit Plans - Additional Information (Detail) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2009	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 16,717,000	$ 14,128,000	$ 10,182,000
Tax benefits realized		1,600,000	$ 5,200,000	$ 0
Total unrecognized compensation expense related to stock options		$ 800,000
Unvested stock options weighted average period (in years)		1 year 2 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		15,841,496
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		2,481,050
Number of common stock shares increased in reserve for annual basis		200,000
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
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of grants		0	0
Service-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of grants		959,740	1,042,354
Total unrecognized compensation expense		$ 15,500,000
Performance-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of grants		752,671	742,547
Total unrecognized compensation expense		$ 4,800,000

Stock Benefit Plans - Schedule

Stock Benefit Plans - Schedule of Weighted Average Assumptions (Detail) - $ / shares	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	4 years 3 months 18 days	4 years 4 months 24 days	4 years 7 months 6 days
Expected volatility	58.00%	56.00%	48.00%
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate	1.40%	2.50%	1.90%
Grant date fair value	$ 5.30	$ 6.86	$ 2.09
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)			4 years
Expected volatility			50.00%
Expected dividend yield			0.00%
Risk-free interest rate			2.40%
Grant date fair value	$ 0	$ 0	$ 7.66

Stock Benefit Plans -Schedule o

Stock Benefit Plans -Schedule of Stock Option Award Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Beginning balance, Shares	2,411,722	3,513,963
Granted, Shares	39,010	81,029
Exercised, Shares	(777,854)	(1,147,124)
Forfeited, Shares	(68,750)	(28,349)
Expired, Shares	(7,275)	(7,797)
Ending balance, Shares	1,596,853	2,411,722	3,513,963
Vested and expected-to-vest at June 30, 2020, Shares	1,582,998
Vested and exercisable at June 30, 2020, Shares	1,257,570
Beginning balance, Weighted Average Exercise Price	$ 5.44	$ 5.65
Granted, Weighted Average Exercise Price	11.42	14.52
Exercised, Weighted Average Exercise Price	5.76	6.71
Forfeited, Weighted Average Exercise Price	9.17	4.64
Expired, Weighted Average Exercise Price	10.01	11.17
Ending balance, Weighted Average Exercise Price	5.25	$ 5.44	$ 5.65
Vested and expected-to-vest at June 30, 2020, Weighted Average Exercise Price	5.23
Vested and exercisable at June 30, 2020, Weighted Average Exercise Price	$ 5.08
Weighted Average Remaining Contractual Life (In years)	3 years 2 months 5 days	3 years 7 months 21 days	4 years 2 months 5 days
Vested and expected-to-vest at June 30, 2020, Weighted Average Remaining Contractual Life (In years)	3 years 2 months 1 day
Vested and exercisable at June 30, 2020, Weighted Average Remaining Contractual Life (In years)	2 years 11 months 1 day
Aggregate Intrinsic Value	$ 8,892	$ 25,123	$ 24,989
Vested and expected-to-vest at June 30, 2020, Aggregate Intrinsic Value	8,841
Vested and exercisable at June 30, 2020, Aggregate Intrinsic Value	$ 7,213

Stock Benefit Plans - Schedul_2

Stock Benefit Plans - Schedule of Share Based Compensation Options Outstanding and Exercisable By Price Range (Detail) - $ / shares	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Shares	1,596,853	2,411,722	3,513,963
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 2 months 5 days	3 years 7 months 21 days	4 years 2 months 5 days
Options Outstanding, Weighted Average Exercise Price	$ 5.25	$ 5.44	$ 5.65
$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	3 years 7 months 2 days
Options Outstanding, Weighted Average Exercise Price	$ 3.40
Options Exercisable, Number of Shares	41,666
Options Exercisable, Weighted Average Exercise Price	$ 3.40
$3.59 - $3.59 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	3.59
Weighted Average Exercise Price, Upper	$ 3.59
Options Outstanding, Number of Shares	354,167
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 5 months 1 day
Options Outstanding, Weighted Average Exercise Price	$ 3.59
Options Exercisable, Number of Shares	306,771
Options Exercisable, Weighted Average Exercise Price	$ 3.59
$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	326,149
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 29 days
Options Outstanding, Weighted Average Exercise Price	$ 3.63
Options Exercisable, Number of Shares	303,544
Options Exercisable, Weighted Average Exercise Price	$ 3.63
$3.91 - $3.91 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	3.91
Weighted Average Exercise Price, Upper	$ 3.91
Options Outstanding, Number of Shares	75,000
Options Outstanding, Weighted Average Remaining Contractual Term	1 year 4 months 2 days
Options Outstanding, Weighted Average Exercise Price	$ 3.91
Options Exercisable, Number of Shares	75,000
Options Exercisable, Weighted Average Exercise Price	$ 3.91
$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	313,770
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 11 months 12 days
Options Outstanding, Weighted Average Exercise Price	$ 4.01
Options Exercisable, Number of Shares	155,956
Options Exercisable, Weighted Average Exercise Price	$ 4.01
$4.31- $5.65 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	4.31
Weighted Average Exercise Price, Upper	$ 5.65
Options Outstanding, Number of Shares	165,066
Options Outstanding, Weighted Average Remaining Contractual Term	1 year 10 months 24 days
Options Outstanding, Weighted Average Exercise Price	$ 4.90
Options Exercisable, Number of Shares	154,649
Options Exercisable, Weighted Average Exercise Price	$ 4.93
$5.80 - $9.55 [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	$ 9.55
Options Outstanding, Number of Shares	160,419
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 29 days
Options Outstanding, Weighted Average Exercise Price	$ 7.69
Options Exercisable, Number of Shares	116,668
Options Exercisable, Weighted Average Exercise Price	$ 7.16
$10.75 - $15.64 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	10.75
Weighted Average Exercise Price, Upper	$ 15.64
Options Outstanding, Number of Shares	145,294
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 5 months 12 days
Options Outstanding, Weighted Average Exercise Price	$ 14.10
Options Exercisable, Number of Shares	99,309
Options Exercisable, Weighted Average Exercise Price	$ 14.76
$15.72 - $15.72 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted Average Exercise Price, Lower	15.72
Weighted Average Exercise Price, Upper	$ 15.72
Options Outstanding, Number of Shares	2,389
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 10 months 13 days
Options Outstanding, Weighted Average Exercise Price	$ 15.72
Options Exercisable, Number of Shares	2,389
Options Exercisable, Weighted Average Exercise Price	$ 15.72
$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	4,599
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 6 months 25 days
Options Outstanding, Weighted Average Exercise Price	$ 18.35
Options Exercisable, Number of Shares	1,618
Options Exercisable, Weighted Average Exercise Price	$ 18.35
$3.40 - $18.35 [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	$ 18.35
Options Outstanding, Number of Shares	1,596,853
Options Outstanding, Weighted Average Remaining Contractual Term	3 years 2 months 4 days
Options Outstanding, Weighted Average Exercise Price	$ 5.25
Options Exercisable, Number of Shares	1,257,570
Options Exercisable, Weighted Average Exercise Price	$ 5.08

Stock Benefit Plans - Schedul_3

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, 2020	Jun. 30, 2019	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Intrinsic value	$ 6,145	$ 9,749	$ 6,440
Cash received	4,480	7,702	11,115
Tax benefit	$ 894	$ 1,399	$ 0

Stock Benefit Plans - Schedul_4

Stock Benefit Plans - Schedule of RSU Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Service-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares	2,002,006	2,667,527
Granted, Shares	959,740	1,042,354
Vested, Shares	(1,018,624)	(1,638,840)
Forfeited, Shares	(146,366)	(69,035)
Ending balance, Shares	1,796,756	2,002,006	2,667,527
Beginning balance, Weighted Average Grant Date Fair Value	$ 9.06	$ 4.33
Granted, Weighted Average Grant Date Fair Value	15.57	13.96
Vested, Weighted Average Grant Date Fair Value	8.66	4.35
Forfeited, Weighted Average Grant Date Fair Value	12.86	8.68
Ending balance, Weighted Average Grant Date Fair Value	$ 12.37	$ 9.06	$ 4.33
Weighted Average Remaining Contractual Life (In years)	1 year 1 month 9 days	1 year 1 month 6 days	10 months 9 days
Aggregate Intrinsic Value, Outstanding	$ 18,794	$ 31,732	$ 33,878
Market-based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares	196,098	498,268
Granted, Shares	0	0
Vested, Shares	(107,743)	(273,941)
Forfeited, Shares	(15,387)	(28,229)
Ending balance, Shares	72,968	196,098	498,268
Beginning balance, Weighted Average Grant Date Fair Value	$ 5	$ 4.89
Granted, Weighted Average Grant Date Fair Value	0	0	$ 7.66
Vested, Weighted Average Grant Date Fair Value	4.48	4.86
Forfeited, Weighted Average Grant Date Fair Value	7.36	4.61
Ending balance, Weighted Average Grant Date Fair Value	$ 5.61	$ 5	$ 4.89
Weighted Average Remaining Contractual Life (In years)	6 months 7 days	8 months 4 days	11 months 15 days
Aggregate Intrinsic Value, Outstanding	$ 763	$ 3,108	$ 6,328
Performance-based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares	716,612	0
Granted, Shares	752,671	742,547
Vested, Shares	(290,929)	0
Forfeited, Shares	(80,712)	(25,935)
Ending balance, Shares	1,097,642	716,612	0
Beginning balance, Weighted Average Grant Date Fair Value	$ 15.85	$ 0
Granted, Weighted Average Grant Date Fair Value	10.46	15.85
Vested, Weighted Average Grant Date Fair Value	16.25	0
Forfeited, Weighted Average Grant Date Fair Value	13.89	15.85
Ending balance, Weighted Average Grant Date Fair Value	$ 12.37	$ 15.85	$ 0
Weighted Average Remaining Contractual Life (In years)	1 year 3 months 18 days	1 year 4 months 9 days	0 years
Aggregate Intrinsic Value, Outstanding	$ 11,481	$ 11,358

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
	Jun. 30, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segment Information - Net Reven

Segment Information - Net Revenue and Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Net revenue:
Total net revenue	$ 490,339	$ 455,154	$ 404,358
Property and equipment, net:
Total property and equipment, net	5,657	5,410
Other intangible assets, net:
Total other intangible assets, net	28,174	35,118
United States [Member]
Net revenue:
Total net revenue	475,208	445,957	395,880
Property and equipment, net:
Total property and equipment, net	5,477	5,149
Other intangible assets, net:
Total other intangible assets, net	28,174	35,044
International [Member]
Net revenue:
Total net revenue	15,131	9,197	$ 8,478
Property and equipment, net:
Total property and equipment, net	180	261
Other intangible assets, net:
Total other intangible assets, net	$ 0	$ 74

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Modernize, Inc. - Subsequent Event $ in Millions	Jul. 01, 2020USD ($)
Subsequent Event [Line Items]
Closing date of acquisition	Jul. 1, 2020
Cash paid upon closing	$ 43.9
Cash paid for net assets acquired	3.9
Business Combination, post-closing payments	$ 27.5
Business combination, deferred consideration payment period	5 years

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at the beginning of the year		$ 10,298	$ 1,825	$ 1,950
Charged to expenses/against revenue	[1]	630		525
Write-offs net of recoveries		(751)		(650)
Balance at the end of the year		10,177	10,298	1,825
Allowance for doubtful accounts excluding sales returns [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at the beginning of the year	[2]	10,298	1,625
Charged to expenses/against revenue	[1],[2]		9,342
Write-offs net of recoveries	[2]		(669)
Balance at the end of the year	[2]		10,298	1,625
Deferred tax asset valuation allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at the beginning of the year		8,346	57,197	81,964
Charged to expenses/against revenue	[1]	(784)	571	(24,767)
Write-offs net of recoveries		(39)	(49,422)	0
Balance at the end of the year		$ 7,523	$ 8,346	$ 57,197
[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.
[2]	In fiscal year 2019, the Company adopted ASC 606 which requires allowance

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts (Parenthetical) (Detail) $ in Millions	Jul. 01, 2018USD ($)
ASC 606 [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for sales returns	$ 0.2