QuinStreet (QNST) 10-Q 6 May 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Trading Symbol	QNST
Entity Registrant Name	QuinStreet, Inc.
Entity Central Index Key	0001117297
Current Fiscal Year End Date	--06-30
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity File Number	001-34628
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		54,807,079
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 Address, Postal Zip Code	94404
City Area Code	650
Local Phone Number	578-7700
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, par value $0.001 per share

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 109,463	$ 110,318
Accounts receivable, net of allowances and reserves of $1,358 and $1,010 as of March 31, 2022 and June 30, 2021, respectively	77,777	87,928
Prepaid expenses and other assets	6,333	7,930
Total current assets	193,573	206,176
Property and equipment, net	8,875	6,849
Operating lease right-of-use assets	7,928	10,983
Goodwill	119,589	117,833
Other intangible assets, net	51,503	59,177
Deferred tax assets, noncurrent	46,225	43,336
Other assets, noncurrent	6,070	5,161
Total assets	433,763	449,515
Current liabilities:
Accounts payable	39,667	45,231
Accrued liabilities	49,241	57,650
Deferred revenue	84	33
Other liabilities	15,278	12,697
Total current liabilities	104,270	115,611
Operating lease liabilities, noncurrent	5,114	8,545
Other liabilities, noncurrent	22,916	30,211
Total liabilities	132,300	154,367
Commitments and contingencies (See Note 11)	0	0
Stockholders' equity:
Common stock: $0.001 par value; 100,000,000 shares authorized; 54,747,302 and 53,786,363 shares issued and outstanding as of March 31, 2022 and June 30, 2021	55	54
Additional paid-in capital	326,935	320,315
Accumulated other comprehensive loss	(256)	(255)
Accumulated deficit	(25,271)	(24,966)
Total stockholders' equity	301,463	295,148
Total liabilities and stockholders' equity	$ 433,763	$ 449,515

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Statement Of Financial Position [Abstract]
Accounts receivable, net of allowances and reserves	$ 1,358	$ 1,010
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	54,747,302	53,786,363
Common stock, shares outstanding	54,747,302	53,786,363

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net revenue		$ 150,658	$ 153,052	$ 435,597	$ 427,289
Cost of revenue	[1]	136,567	132,665	393,626	375,334
Gross profit		14,091	20,387	41,971	51,955
Operating expenses:
Product development	[1]	5,509	4,905	14,995	14,776
Sales and marketing	[1]	2,033	2,768	7,773	8,303
General and administrative	[1]	5,489	6,460	21,758	19,931
Operating income (loss)		1,060	6,254	(2,555)	8,945
Interest income		7	5	7	40
Interest expense		(277)	(301)	(817)	(947)
Other income (expense), net		45	(28)	51	16,695
Income (loss) before income taxes		835	5,930	(3,314)	24,733
Benefit from (provision for) income taxes		1,395	(893)	3,009	(4,549)
Net income (loss)		$ 2,230	$ 5,037	$ (305)	$ 20,184
Net income (loss) per share:
Basic		$ 0.04	$ 0.09	$ (0.01)	$ 0.38
Diluted	[2]	$ 0.04	$ 0.09	$ (0.01)	$ 0.37
Weighted-average shares used in computing net income (loss) per share:
Basic		54,645	53,427	54,339	52,988
Diluted		55,536	55,623	54,339	55,015
[1]	Cost of revenue and operating expenses include stock-based compensation expense as follows:
[2]	Diluted net loss per share for the nine months ended March 31, 2022 does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net losses incurred. The assumed issuance of any additional shares would be anti-dilutive

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Cost of revenue [Member]
Stock-based compensation	$ 491	$ 2,261	$ 4,579	$ 7,006
Product development [Member]
Stock-based compensation	203	576	1,497	1,768
Sales and marketing [Member]
Stock-based compensation	18	584	1,477	1,896
General and administrative [Member]
Stock-based compensation	$ 699	$ 1,435	$ 4,337	$ 4,521

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 2,230	$ 5,037	$ (305)	$ 20,184
Other comprehensive (loss) income:
Foreign currency translation adjustment	(1)	8	(1)	(45)
Total other comprehensive (loss) income	(1)	8	(1)	(45)
Comprehensive income (loss)	$ 2,229	$ 5,045	$ (306)	$ 20,139

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]
Beginning Balance at Jun. 30, 2020	$ 255,944	$ 52	$ 304,650	$ (237)	$ (48,521)
Beginning Balance, Shares at Jun. 30, 2020		52,209,813
Issuance of common stock upon exercise of stock options	3,764	$ 1	3,763	0	0
Issuance of common stock upon exercise of stock options, Shares		699,100
Release of restricted stock, net of share settlement	0	$ 1	(1)	0	0
Release of restricted stock, net of share settlement, Shares		703,386
Stock-based compensation expense	15,238	$ 0	15,238	0	0
Withholding taxes related to release of restricted stock, net of share settlement	(6,518)	0	(6,518)	0	0
Net income (loss)	20,184	0	0	0	20,184
Other comprehensive income (loss)	(45)	0	0	(45)	0
Ending Balance at Mar. 31, 2021	288,567	$ 54	317,132	(282)	(28,337)
Ending Balance, Shares at Mar. 31, 2021		53,612,299
Beginning Balance at Dec. 31, 2020	279,406	$ 53	313,017	(290)	(33,374)
Beginning Balance, Shares at Dec. 31, 2020		53,259,519
Issuance of common stock upon exercise of stock options	1,184	$ 1	1,183	0	0
Issuance of common stock upon exercise of stock options, Shares		214,075
Release of restricted stock, net of share settlement	0	$ 0	0	0	0
Release of restricted stock, net of share settlement, Shares		138,705
Stock-based compensation expense	4,870	$ 0	4,870	0	0
Withholding taxes related to release of restricted stock, net of share settlement	(1,938)	0	(1,938)	0	0
Net income (loss)	5,037	0	0	0	5,037
Other comprehensive income (loss)	8	0	0	8	0
Ending Balance at Mar. 31, 2021	288,567	$ 54	317,132	(282)	(28,337)
Ending Balance, Shares at Mar. 31, 2021		53,612,299
Beginning Balance at Jun. 30, 2021	$ 295,148	$ 54	320,315	(255)	(24,966)
Beginning Balance, Shares at Jun. 30, 2021	53,786,363	53,786,363
Issuance of common stock upon exercise of stock options	$ 1,270	$ 0	1,270	0	0
Issuance of common stock upon exercise of stock options, Shares		298,246
Release of restricted stock, net of share settlement	0	$ 1	(1)	0	0
Release of restricted stock, net of share settlement, Shares		662,693
Stock-based compensation expense	11,917	$ 0	11,917	0	0
Withholding taxes related to release of restricted stock, net of share settlement	(6,566)	0	(6,566)	0	0
Net income (loss)	(305)	0	0	0	(305)
Other comprehensive income (loss)	(1)	0	0	(1)	0
Ending Balance at Mar. 31, 2022	$ 301,463	$ 55	326,935	(256)	(25,271)
Ending Balance, Shares at Mar. 31, 2022	54,747,302	54,747,302
Beginning Balance at Dec. 31, 2021	$ 298,645	$ 55	326,346	(255)	(27,501)
Beginning Balance, Shares at Dec. 31, 2021		54,546,131
Issuance of common stock upon exercise of stock options	230	$ 0	230	0	0
Issuance of common stock upon exercise of stock options, Shares		52,597
Release of restricted stock, net of share settlement	0	$ 0	0	0	0
Release of restricted stock, net of share settlement, Shares		148,574
Stock-based compensation expense	1,424	$ 0	1,424	0	0
Withholding taxes related to release of restricted stock, net of share settlement	(1,065)	0	(1,065)	0	0
Net income (loss)	2,230	0	0	0	2,230
Other comprehensive income (loss)	(1)	0	0	(1)	0
Ending Balance at Mar. 31, 2022	$ 301,463	$ 55	$ 326,935	$ (256)	$ (25,271)
Ending Balance, Shares at Mar. 31, 2022	54,747,302	54,747,302

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flows from Operating Activities
Net income (loss)	$ (305)	$ 20,184
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	12,660	12,010
Provision for (benefit from) sales returns and doubtful accounts receivable	379	(353)
Stock-based compensation	11,890	15,191
Change in the fair value of contingent consideration	2,698	0
Non-cash lease expense	(752)	(578)
Deferred income taxes	(2,819)	4,263
Gain on divestitures of businesses, net	0	(16,615)
Other adjustments, net	356	682
Changes in assets and liabilities:
Accounts receivable	9,770	(14,455)
Prepaid expenses and other assets	685	5,083
Accounts payable	(5,448)	1,013
Accrued liabilities	(8,184)	9,764
Deferred revenue	51	14
Net cash provided by operating activities	20,981	36,203
Cash Flows from Investing Activities
Capital expenditures	(2,376)	(1,367)
Internal software development costs	(3,484)	(2,338)
Business acquisitions, net of cash acquired	(1,000)	(49,304)
Proceeds from divestitures of businesses, net of cash divested	0	21,947
Purchases of equity investment	0	(4,000)
Other investing activities	85	0
Net cash used in investing activities	(6,775)	(35,062)
Cash Flows from Financing Activities
Proceeds from exercise of common stock options	1,273	4,153
Payment of withholding taxes related to release of restricted stock, net of share settlement	(6,566)	(6,518)
Post-closing payments and contingent consideration related to acquisitions	(9,759)	(3,020)
Net cash used in financing activities	(15,052)	(5,385)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(9)	(62)
Net decrease in cash, cash equivalents and restricted cash	(855)	(4,306)
Cash, cash equivalents and restricted cash at beginning of period	110,333	107,523
Cash, cash equivalents and restricted cash at end of period	109,478	103,217
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	109,463	103,202
Restricted cash included in other assets, noncurrent	$ 15	$ 15
Restricted Cash, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other assets, noncurrent	Other assets, noncurrent
Total cash, cash equivalents and restricted cash	$ 109,478	$ 103,217
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	234	132
Supplemental Disclosure of Non-cash Investing and Financing Activities
Purchases of property and equipment included in accrued liabilities	327	464
Post-closing payments unpaid at acquisition date (see Note 7)	1,856	32,568
Contingent consideration unpaid at acquisition date (see Note 7)	$ 0	$ 2,926

The Company

The Company	9 Months Ended
	Mar. 31, 2022
Organization [Abstract]
The Company	1. The Company QuinStreet, Inc. (the “Company”) is a leader in performance marketplaces and technologies for the financial services and home services industries. The Company was incorporated in California in April 1999 and reincorporated in Delaware in December 2009. The Company specializes in customer acquisition for clients in high value, information-intensive markets or “verticals,” including financial services, home services, and previously the divested education client vertical. The corporate headquarters are located in Foster City, California, with additional offices throughout the United States and India. The majority of the Company’s operations and revenue are in North America.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. Unaudited Interim Financial Information The accompanying condensed consolidated financial statements and the notes to the condensed consolidated financial statements as of March 31, 2022 and for the three and nine months ended March 31, 2022 and 2021 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, as filed with the SEC on August 26, 2021. The condensed consolidated balance sheet at June 30, 2021 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of the Company’s condensed consolidated balance sheet at March 31, 2022, its condensed consolidated statements of stockholders’ equity, operations and comprehensive income (loss) for the three and nine months ended March 31, 2022 and 2021 and condensed consolidated statements of cash flows for the nine months ended March 31, 2022 and 2021. The results of operations for the three and nine months ended March 31, 2022 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2022, or any other future period. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, long-lived assets, contingencies, credit losses of accounts receivable, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In addition, the Company may engage third-party valuation specialists to assist with the preparation of certain of its valuations. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods. In addition , 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. Accounting Policies The significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021. There have been no material changes to our significant accounting policies as of and for the nine months ended March 31, 2022. Accounts Receivable and Allowances The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its customers and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts and allowance for unbilled receivables based upon its assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions including the impact of COVID-19, and other factors that may affect its ability to collect from customers. The allowance for credit losses on accounts receivable was $0.1 million as of both March 31, 2022 and June 30, 2021. The revenue reserve was $1.3 million and $0.9 million as of March 31, 2022 and June 30, 2021, respectively. The total allowance for credit losses and revenue reserve was $1.4 million and $1.0 million as of March 31, 2022 and June 30, 2021, respectively. Concentrations of Credit Risk The Company had one client that accounted for 19% and 16% of net revenue for the three and nine months ended March 31, 2022, and 26% and 25% of net revenue for the three and nine months ended March 31, 2021. That same client accounted for 10% of net accounts receivable as of June 30, 2021. One additional client accounted for 15% of net accounts receivable as of June 30, 2021. No other clients accounted for 10% or more of net revenue for the three and nine months ended March 31, 2022 or 2021 or 10% or more of net accounts receivable as of March 31, 2022 or June 30, 2021. Fair Value of Financial Instruments 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. 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 condensed consolidated balance sheets. Stock-Based Compensation The Company measures and records the expense related to stock-based transactions based on the fair values of stock-based payment awards, as determined on the date of grant. The fair value of restricted stock units with a service condition (“service-based RSU”) is determined based on the closing price of the Company’s common stock on the date of grant. To estimate the fair value of stock options and purchase rights granted under the employee stock purchase plan (“ESPP”), the Company selected the Black-Scholes option pricing model. The fair value of restricted stock units with a service and performance condition (“performance-based RSU”) is determined based on the closing price of the Company’s common stock on the date of grant. Grant date as defined by ASC 718 is determined when the components that comprise the performance targets have been fully established. If a grant date has not been established, the compensation expense associated with the performance-based RSUs is re-measured at each reporting date based on the closing price of the Company’s common stock at each reporting date until the grant date has been established. For restricted stock units with a service and market condition (“market-based RSU”), the Company selected the Monte Carlo simulation model to estimate the fair value on the date of grant. In applying these models, the Company’s determination of the fair value of the award is affected by assumptions regarding a number of subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the award and the employees’ actual and projected stock option exercise and pre-vesting employment termination behaviors. The Company recognizes stock-based compensation expense for options and service-based RSUs using the straight-line method, and for performance-based RSUs and market-based RSUs using the graded vesting method, based on awards ultimately expected to vest. The Company recognizes stock-based compensation expense for the purchase rights granted under the ESPP using the straight-line method over the offering period. The Company estimates future forfeitures at the date of grant. On an annual basis, the Company assesses changes to its estimate of expected forfeitures based on recent forfeiture activity. The effect of adjustments made to the forfeiture rates, if any, is recognized in the period that change is made. Recent Accounting Pronouncements Accounting Pronouncements Adopted In December 2019, the FASB issued Accounting Standards Update Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes he Company adopted the new standard as of July 1, 2021. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In October 2021, the FASB issued Accounting Standards Update Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The new guidance is effective for the Company in the first quarter of fiscal year 2024 on a prospective basis, with early adoption permitted. The Company is currently assessing the impact the new guidance will have on the consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenue	3. Revenue Disaggregation of Revenue In the first quarter of fiscal year 2021, the Company completed the acquisition of Modernize, Inc. (“Modernize”) to increase the scale and capabilities in the home services client vertical. In addition, the Company divested its former education client vertical to narrow its focus to the best performing businesses and market opportunities. As a result of these activities, in the second quarter of fiscal year 2021, the Company updated its reporting structure which resulted in two client verticals: financial services and home services, which was applied on a retrospective basis. All remaining businesses that are not significant enough for separate reporting are included in other revenue Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Net revenue: Financial Services $ 108,277 $ 116,284 $ 316,347 $ 314,651 Home Services 40,704 35,037 114,510 97,600 Other Revenue 1,677 1,731 4,740 3,451 Divested Business (1) — — — 11,587 Total net revenue $ 150,658 $ 153,052 $ 435,597 $ 427,289 (1) Represents revenue recognized from the former education client vertical, which was divested in the first quarter of fiscal year 2021. See Note 6, Divestitures Contract Balances The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands): March 31, June 30, 2022 2021 Deferred revenue $ 84 $ 33 Client deposits 940 870 Total $ 1,024 $ 903 The Company’s contract liabilities result from payments received in advance of revenue recognition and advance consideration received from clients, which precede the Company’s satisfaction of the associated performance obligation .

Net Income (Loss) per Share

Net Income (Loss) per Share	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss) per Share	4. Net Income (Loss) per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options, unvested restricted stock units, and shares issuable related to the ESPP using the treasury stock method. The following table presents the calculation of basic and diluted net income (loss) per share: Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 (In (In thousands, except per share data) Numerator: Basic and Diluted: Net income (loss) $ 2,230 $ 5,037 $ (305 ) $ 20,184 Denominator: Basic: Weighted-average shares of common stock used in computing basic net income (loss) per share 54,645 53,427 54,339 52,988 Diluted: Weighted-average shares of common stock used in computing basic net income (loss) per share 54,645 53,427 54,339 52,988 Weighted-average effect of dilutive securities: Stock options 343 764 — 829 Restricted stock units 545 1,432 — 1,198 Shares issuable related to the ESPP 3 — — — Weighted-average shares of common stock used in computing diluted net income (loss) per share 55,536 55,623 54,339 55,015 Net income (loss) per share: Basic $ 0.04 $ 0.09 $ (0.01 ) $ 0.38 Diluted (1) $ 0.04 $ 0.09 $ (0.01 ) $ 0.37 Securities excluded from weighted-average shares used in computing diluted net income (loss) per share because the effect would have been anti-dilutive (2) 1,273 4 3,580 65 (1) Diluted net loss per share for the nine months ended March 31, 2022 does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net losses incurred. The assumed issuance of any additional shares would be anti-dilutive . (2) These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements 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 following presents March 31, 2022 June 30, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 1,670 $ — $ — $ 1,670 $ 1,670 $ — $ — $ 1,670 Total $ 1,670 $ — $ — $ 1,670 $ 1,670 $ — $ — $ 1,670 Liabilities: Post-closing payments related to acquisitions $ — $ 28,189 $ — $ 28,189 $ — $ 34,954 $ — $ 34,954 Contingent consideration related to acquisitions — — 7,412 7,412 — — 5,432 5,432 Total $ — $ 28,189 $ 7,412 $ 35,601 $ — $ 34,954 $ 5,432 $ 40,386 Reported as: Cash and cash equivalents $ 1,670 $ 1,670 Other Liabilities: Current $ 15,278 $ 12,697 Noncurrent 20,323 27,689 Total $ 35,601 $ 40,386 There were no transfers between Level 1, Level 2, and Level 3 during the periods presented Cash Equivalents The valuation are classified as Level 1 within the fair value hierarchy Post-Closing Payments Related to Acquisitions The post-closing payments are future payments related to an immaterial acquisition completed in the second quarter of fiscal year 2022, and the acquisitions of Modernize, Inc. (“Modernize”) , FC Ecosystem, LLC (“FCE”), Mayo Labs, LLC (“Mayo Labs”) and CloudControlMedia, LLC (“CCM”) completed in the past three fiscal years payments Acquisitions Contingent Consideration Related to Acquisitions The contingent consideration consists of the estimated fair value of future payments related to the Company’s acquisitions of FCE and CCM. The FCE contingent consideration is based upon revenue and margin targets, and the CCM contingent consideration is based upon revenue targets. The fair value of the contingent consideration is determined using the real options technique which incorporates various estimates, including projected net revenue, projected gross margin, volatility and discount rates. Acquisitions The Company reassesses the estimated fair value of the contingent consideration at the end of each reporting period based on the information available at the time. In the second quarter of fiscal year 2022, the Company recognized an expense of $2.7 million due to the change in estimated fair value of the FCE contingent consideration based on revised estimates in revenue and margin targets. The expense was recorded within general and administrative expenses on the Company’s condensed consolidated statements of operations. The following table represents the changes in the contingent consideration during the three and nine months ended March 31, 2022 (in thousands): Three Months Ended Nine Months Ended March 31, 2022 March 31, 2022 Balance at the beginning of period $ 7,741 $ 5,432 Changes in fair value during the period — 2,698 Payments made during the period (329 ) (718 ) Balance at the end of period $ 7,412 $ 7,412

Divestitures

Divestitures	9 Months Ended
	Mar. 31, 2022
Discontinued Operations And Disposal Groups [Abstract]
Divestitures	6. Divestitures As a result of the Company’s decision to narrow its focus to the best performing businesses and market opportunities, on August 31, 2020, the Company entered into an agreement with a third party to sell its education client vertical for total cash consideration of $20.0 million. Upon the divestiture of this business in the first quarter of fiscal year 2021 he Company recognized a gain of $ 16.6

Acquisitions

Acquisitions	9 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Acquisitions	7. Acquisitions Modernize, Inc. On July 1, 2020, the Company completed the acquisition of Modernize, a leading home improvement performance marketing company in the home services client vertical, to broaden its customer and media relationships. In exchange for all the outstanding shares of Modernize, the Company paid $43.9 million in cash upon closing (including $3.9 million cash for net assets acquired subject to post-closing adjustments) and will make $27.5 million in post-closing payments, payable in equal annual installments over a five-year . In addition, the Company made a Section 338(h)(10) election to treat the acquisition for tax purposes as a purchase and sale of assets. The incremental taxes resulting from this election were paid to Modernize in the fourth quarter of fiscal year 2021. The following table summarizes the consideration as of the acquisition date (in thousands): Estimated Fair Value Cash $ 43,944 Post-closing payments, net of imputed interest of $2,724 24,776 Section 338 election payment to Modernize 1,703 Total $ 70,423 The acquisition was accounted for as a business combination and the results of operations of Modernize have been included in the Company’s results of operations as of July 1, 2020. The Company expensed all transaction costs in the period in which they were incurred. The Company allocated the purchase price to identifiable assets acquired and liabilities assumed based on their estimated fair values. The fair value of the assets acquired and liabilities assumed was determined by the Company and in doing so management engaged a third-party valuation specialist to assist with the measurement of the fair value of identifiable intangible assets. The estimated fair value of the identifiable assets acquired and liabilities assumed in the acquisition was based on management’s best estimates. The fair value of the customer relationships was determined using the multi-period excess earnings income approach. The fair value of trade names and acquired technology was determined using the relief-from-royalty method. The fair value of content was determined using the cost approach. The excess of the purchase price over the aggregate fair value of the identifiable assets acquired was recorded as goodwill and is primarily attributable to synergies the Company expects to achieve related to the acquisition. The goodwill is deductible for tax purposes. T the fair values of the identifiable assets acquired and liabilities assumed The following table summarizes the final allocation of the purchase price as of the acquisition date (in thousands) : Estimated Fair Value Preliminary as of July 1, 2020 Year to Date Adjustments (1) Final as of June 30, 2021 Cash and cash equivalents $ 3,638 $ — $ 3,638 Accounts receivable, net 4,999 — 4,999 Operating lease right-of-use assets 4,702 — 4,702 Other intangible assets 33,700 — 33,700 Other assets 1,386 — 1,386 Total identifiable assets acquired 48,425 — 48,425 Accrued liabilities 4,909 — 4,909 Operating lease liabilities 4,896 — 4,896 Deferred tax liabilities 7,886 (7,886 ) — Other liabilities 465 (240 ) 225 Total identifiable liabilities assumed 18,156 (8,126 ) 10,030 Net identifiable assets acquired 30,269 8,126 38,395 Goodwill 38,451 (6,423 ) 32,028 Net assets acquired $ 68,720 $ 1,703 $ 70,423 (1) The Company made a 338(h)(10) election to treat the acquisition for tax purposes as a purchase and sale of assets which resulted in the release of the deferred tax liabilities of $7.9 million. The Company has paid the incremental taxes to Modernize resulting from that election, for an increase in total consideration of The following table summarizes the fair values of the identifiable intangible assets acquired and the estimated useful lives as of the acquisition date (in thousands): Estimated Fair Value Estimated Useful Life Customer/publisher/advertiser relationships $ 21,300 9 years Content 800 1.5 years Website/trade/domain names 5,300 15 years Acquired technology and others 6,300 4 years Total $ 33,700 FC Ecosystem, LLC On March 1, 2021, the Company acquired substantially all of the assets relating to the performance marketing services business of FC Ecosystem, LLC, to broaden its customer relationships in the financial services client vertical . In exchange for the assets of FCE, the Company paid $7.0 million in cash upon closing and will make $4.0 million in post-closing payments, payable in equal annual installments over a two-year The purchase consideration also includes contingent consideration of up to an additional $9.0 million, which is payable for two years following the date of closing based on the achievement of revenue and margin targets and is calculated every February 28 for the preceding twelve months The following table summarizes the consideration as of the acquisition date (in thousands): Estimated Fair Value Cash $ 7,000 Post-closing payments, net of imputed interest of $189 3,811 Contingent consideration 2,926 Total $ 13,737 The acquisition was accounted for as a business combination. The results of the acquired assets have been included in the Company’s results of operations since the acquisition date. The Company allocated the purchase price to identifiable intangible assets acquired based on their estimated fair values. The fair value of the intangible assets acquired was determined by the Company based on management’s best estimates, and in doing so management engaged a third-party valuation specialist to assist with the measurement. The fair value of the customer relationship was determined using the multi-period excess earnings income approach. The excess of the purchase price over the aggregate fair value of the identifiable intangible assets acquired was recorded as goodwill and is primarily attributable to synergies the Company expects to achieve related to the acquisition. The goodwill is deductible for tax purposes. T the fair values of the identifiable assets acquired The following table summarizes the final allocation of the purchase price and the estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands): Estimated Fair Value Estimated Useful Life Customer/publisher/advertiser relationships $ 8,600 7 years Goodwill 5,137 Indefinite Total $ 13,737 Other In the third quarter of fiscal year 2021, the Company completed the acquisition of certain assets of Mayo Labs, LLC, a performance marketing services company serving the financial services client vertical. Company paid $2.0 million in cash upon closing and will make $2.0 million in post-closing payments, payable in equal annual installments over a two-year In the second quarter of fiscal year 2022 , the Company completed an immaterial acquisition within the home services client vertical. The Company paid $ 1.0 million in cash upon closing and will make $ 2.0 million in post-closing payments, payable in equal annual installments over a two-year period, with the first installment payable twelve months following the date of closing. The results of these acquisitions have been included in the Company’s results of operations since their respective acquisition dates, which were not considered material to the Company. Unaudited Pro Forma Financial Information The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and the acquired businesses as though these acquisitions had been occurred as of the beginning of fiscal year 2020. The unaudited pro forma financial information is presented for illustrative purposes only and does not necessarily reflect what the combined company’s results of operations would have been had the acquisition occurred as of the beginning of fiscal year 2020, nor is it necessarily indicative of the future results of operations of the combined company. Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 (In thousands) (In thousands) Net revenue $ 154,948 $ 149,370 $ 435,253 $ 430,782 Net income 5,803 15,477 23,303 19,888 The pro forma financial information for the three and nine months ended March 31, 2021 includes the elimination of $152 thousand and $652 thousand of nonrecurring acquisition costs incurred by the Company that are directly related to the acquisitions, and these costs have been reflected in the fiscal year 2020 financial information.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	8. Goodwill and Intangible Assets, Net Goodwill The changes in the carrying amount of goodwill for the nine months ended March 31, 2022 were as follows (in thousands): Goodwill Balance as of June 30, 2021 $ 117,833 Goodwill acquired (1) 1,756 Balance as of March 31, 2022 $ 119,589 (1) Represents goodwill acquired associated with an immaterial acquisition completed in the second quarter of fiscal year 2022 . There were no impairments to goodwill during the nine months ended March 31, 2022. Intangible Assets, Net Intangible assets, net, consisted March 31, 2022 June 30, 2021 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Customer/publisher/advertiser relationships $ 90,830 $ (50,269 ) $ 40,561 $ 90,830 $ (43,485 ) $ 47,345 Content 43,056 (43,056 ) — 43,056 (42,790 ) 266 Website/trade/domain names 25,102 (18,713 ) 6,389 25,102 (18,303 ) 6,799 Acquired technology and others 34,934 (30,381 ) 4,553 33,834 (29,067 ) 4,767 Total $ 193,922 $ (142,419 ) $ 51,503 $ 192,822 $ (133,645 ) $ 59,177 Amortization of intangible assets was $2.8 million and $8.8 million for the three and nine months ended March 31, 2022 , and $2.8 million and $8.8 million for the three and nine months ended March 31, 2021 . Future amortization expense for the Company’s intangible assets as of March 31, Fiscal Year Ending June 30, Amortization 2022 (remaining three months) $ 2,787 2023 10,882 2024 9,945 2025 7,805 2026 5,197 Thereafter 14,887 Total $ 51,503

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The Company’s provision for income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any. Each quarter the Company updates its estimate of the annual effective tax rate and makes a year-to-date adjustment to the provision. The Company recorded a benefit from income taxes of $1.4 million and $3.0 million for the three and nine months ended March 31, 2022, and a provision for income taxes of $0.9 million and $4.5 million for the three and nine months ended March 31, 2021 . The Company performed an assessment on the likelihood of realizing the benefits of its deferred tax assets. As of March 31, 2022, the Company has not recorded any significant valuation allowance adjustments based on the information and evidence available at the time. However, 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. Additionally, in the event the Company experiences an ownership change within the meaning of Section 382 of the Internal Revenue Code (“IRC”), the Company’s ability to utilize net operating losses, tax credits and other tax attributes may be limited.

Leases

Leases	9 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	10. Leases The Company has operating leases primarily for its office facilities. The leases expire at various dates through fiscal year 2026, terms The components and nine months ended March 31, 2022 and 2021 Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Operating lease expense $ 1,296 $ 1,315 $ 3,875 $ 3,943 Short-term lease expense 143 170 469 624 Variable lease expense (1) 148 139 443 426 Total lease expense $ 1,587 $ 1,624 $ 4,787 $ 4,993 (1) Variable lease expense for the three and nine months ended March 31, 2022 and 2021 primarily included common area maintenance charges. Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate): Nine Months Ended March 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 4,664 $ 4,544 Lease liabilities arising from obtaining right-of-use assets Operating leases $ 564 $ 6,247 Weighted average remaining lease term - operating leases 2.1 years 2.9 years Weighted average discount rate - operating leases 5.1 % 5.0 % 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 31, 2022 Fiscal Year Ending June 30, Amount 2022 (remaining three months) $ 1,555 2023 5,869 2024 3,812 2025 876 2026 72 Total minimum lease payments 12,184 Less imputed interest (1,842 ) Present value of net minimum lease payments $ 10,342 Operating lease liabilities: Current $ 5,228 Noncurrent 5,114 Total $ 10,342 Total future principal contractual obligations for operating lease commitments exceeded the undiscounted lease liability by $0.3 million as of March 31,

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. 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 31, 2022 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 but may extend 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 March 31, 202 2 and June 30, 20 2 1 . Letters of Credit The Company has a $0.5 million letter of credit agreement with a financial institution that is used as collateral for the Company’s corporate headquarters’ operating lease. The letter of credit automatically renews annually without amendment unless cancelled by the financial institution within 30 days of the annual expiration date.

Stock Benefit Plans

Stock Benefit Plans	9 Months Ended
	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Benefit Plans	12. Stock Benefit Plans Stock Incentive Plans The Company may grant 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 performance cash awards, under its 2010 Equity Incentive Plan (the “2010 Incentive Plan”). The Company may grant NQSOs and RSUs to non-employee directors under the 2010 Non-Employee Directors’ Stock Award Plan (the “Directors’ Plan”). Prior to fiscal year 2016, the Company granted RSUs with a service condition (“service-based RSUs”). In fiscal year 2016, the Company also began granting to employees RSUs with a market condition (“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 RSUs with a performance condition (“performance-based RSUs”) that vest variably subject to the achievement of certain revenue growth and adjusted EBITDA targets (“performance targets”). The Company evaluates the portion of the awards that are probable to vest quarterly until the performance targets are met. To date, the Company has issued ISOs, NQSOs, service-based RSUs, market-based RSUs and performance-based RSUs under its stock incentive plans. As of March 31, 2022 The Company estimates the fair value of stock options at the date of grant using the Black-Scholes option-pricing model. Options are granted with an exercise price equal to the closing price of the Company’s common stock on the date of grant. The weighted-average Black-Scholes model assumptions for the three and nine months ended March 31, 2022 and 2021 were as follows: Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Expected term (in years) 3.5 3.5 4.4 4.4 Expected volatility 57 % 62 % 58 % 62 % Expected dividend yield — — — — Risk-free interest rate 1.3 % 0.2 % 0.9 % 0.3 % Grant date fair value $ 4.61 $ 10.76 $ 8.35 $ 5.99 The Company estimates the fair value of service-based RSUs and performance-based RSUs based on the closing price of the Company’s common stock on the grant date. As some of the components that comprise the performance targets have not been fully established, a grant date as defined by ASC 718 has not been determined. The Company will re-measure the compensation expense associated with the performance-based RSUs at each reporting date based on the closing price of the Company’s common stock at each reporting date until the grant date has been established. Compensation expense is amortized net of estimated forfeitures on a straight-line basis over the requisite service period of the stock-based compensation awards. Employee Stock Purchase Plan In October 2021, the Company adopted the 2021 Employee Stock Purchase Plan (the “2021 ESPP”), with 2,164,999 shares of common stock reserved for future issuance under the plan. The 2021 ESPP allows eligible employees to purchase shares of the Company’s common stock at a discount through payroll deductions of up to 15% of their eligible compensation. The 2021 ESPP provides for consecutive offering periods that will typically have a duration of approximately 24 months in length, and each offering period is comprised of four purchase periods of approximately six months in length. On each purchase date, eligible employees may purchase the Company’s common stock at a price per share equal to 85% of the lesser of (1) the fair market value of the common stock on the first trading day of each offering period, or (2) the fair market value of the common stock on the purchase date. A participant may purchase up to a maximum of 2,500 shares of the common stock during each purchase period, subject to a maximum of $25,000 worth of shares of the common stock in each calendar year (as determined under applicable tax rules). If the fair market value of the common stock on any purchase date is lower than it was on the first trading day of that offering period, participants will be automatically withdrawn from the current offering period and be immediately re-enrolled in a new offering period. As of March 31, 2022, the Company has not issued any shares of common stock under the 2021 ESPP. ESPP employee payroll contributions accrued as of March 31, 2022 were $0.2 million, and are included within accrued liabilities on the Company’s condensed consolidated balance sheet. Payroll contributions accrued as of March 31, 2022 will be used to purchase shares at the end of the current ESPP purchase period ending on August 24, 2022. The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions: Three Months Ended Nine Months Ended March 31, 2022 March 31, 2022 Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Expected volatility 48% - 64% 48% - 64% Expected dividend yield — — Risk-free interest rate 0.3% - 1.0% 0.3% - 1.0% Grant date fair value $3.72 - $5.33 $3.72 - $5.33

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	13. 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): Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Net revenue: United States $ 144,196 $ 150,245 $ 417,838 $ 419,016 International 6,462 2,807 17,759 8,273 Total net revenue $ 150,658 $ 153,052 $ 435,597 $ 427,289 March 31, June 30, 2022 2021 Property and equipment, net: United States $ 8,660 $ 6,672 International 215 177 Total property and equipment, net $ 8,875 $ 6,849 March 31, June 30, 2022 2021 Other intangible assets, net: United States $ 51,503 $ 59,177 International — — Total other intangible assets, net $ 51,503 $ 59,177

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On April 29, 2022, the Board of Directors canceled the prior stock repurchase program that commenced in July 2017 and

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying condensed consolidated financial statements and the notes to the condensed consolidated financial statements as of March 31, 2022 and for the three and nine months ended March 31, 2022 and 2021 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, as filed with the SEC on August 26, 2021. The condensed consolidated balance sheet at June 30, 2021 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of the Company’s condensed consolidated balance sheet at March 31, 2022, its condensed consolidated statements of stockholders’ equity, operations and comprehensive income (loss) for the three and nine months ended March 31, 2022 and 2021 and condensed consolidated statements of cash flows for the nine months ended March 31, 2022 and 2021. The results of operations for the three and nine months ended March 31, 2022 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2022, or any other future period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, long-lived assets, contingencies, credit losses of accounts receivable, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In addition, the Company may engage third-party valuation specialists to assist with the preparation of certain of its valuations. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods. In addition , 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.
Accounting Policies	Accounting Policies The significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021. There have been no material changes to our significant accounting policies as of and for the nine months ended March 31, 2022.
Accounts Receivable and Allowances	Accounts Receivable and Allowances The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its customers and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts and allowance for unbilled receivables based upon its assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions including the impact of COVID-19, and other factors that may affect its ability to collect from customers. The allowance for credit losses on accounts receivable was $0.1 million as of both March 31, 2022 and June 30, 2021. The revenue reserve was $1.3 million and $0.9 million as of March 31, 2022 and June 30, 2021, respectively. The total allowance for credit losses and revenue reserve was $1.4 million and $1.0 million as of March 31, 2022 and June 30, 2021, respectively.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company had one client that accounted for 19% and 16% of net revenue for the three and nine months ended March 31, 2022, and 26% and 25% of net revenue for the three and nine months ended March 31, 2021. That same client accounted for 10% of net accounts receivable as of June 30, 2021. One additional client accounted for 15% of net accounts receivable as of June 30, 2021. No other clients accounted for 10% or more of net revenue for the three and nine months ended March 31, 2022 or 2021 or 10% or more of net accounts receivable as of March 31, 2022 or June 30, 2021.
Fair Value of Financial Instruments	Fair Value of Financial Instruments 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.
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 condensed consolidated balance sheets. Cash Equivalents The valuation are classified as Level 1 within the fair value hierarchy
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 and purchase rights granted under the employee stock purchase plan (“ESPP”), the Company selected the Black-Scholes option pricing model. The fair value of restricted stock units with a service and performance condition (“performance-based RSU”) is determined based on the closing price of the Company’s common stock on the date of grant. Grant date as defined by ASC 718 is determined when the components that comprise the performance targets have been fully established. If a grant date has not been established, the compensation expense associated with the performance-based RSUs is re-measured at each reporting date based on the closing price of the Company’s common stock at each reporting date until the grant date has been established. For restricted stock units with a service and market condition (“market-based RSU”), the Company selected the Monte Carlo simulation model to estimate the fair value on the date of grant. In applying these models, the Company’s determination of the fair value of the award is affected by assumptions regarding a number of subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the award and the employees’ actual and projected stock option exercise and pre-vesting employment termination behaviors. The Company recognizes stock-based compensation expense for options and service-based RSUs using the straight-line method, and for performance-based RSUs and market-based RSUs using the graded vesting method, based on awards ultimately expected to vest. The Company recognizes stock-based compensation expense for the purchase rights granted under the ESPP using the straight-line method over the offering period. The Company estimates future forfeitures at the date of grant. On an annual basis, the Company assesses changes to its estimate of expected forfeitures based on recent forfeiture activity. The effect of adjustments made to the forfeiture rates, if any, is recognized in the period that change is made.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Adopted In December 2019, the FASB issued Accounting Standards Update Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes he Company adopted the new standard as of July 1, 2021. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In October 2021, the FASB issued Accounting Standards Update Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The new guidance is effective for the Company in the first quarter of fiscal year 2024 on a prospective basis, with early adoption permitted. The Company is currently assessing the impact the new guidance will have on the consolidated financial statements.
Net Income (Loss) per Share	Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options, unvested restricted stock units, and shares issuable related to the ESPP using the treasury stock method.
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.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregation of Net Revenue	The following table presents the Company’s net revenue disaggregated by vertical (in thousands): Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Net revenue: Financial Services $ 108,277 $ 116,284 $ 316,347 $ 314,651 Home Services 40,704 35,037 114,510 97,600 Other Revenue 1,677 1,731 4,740 3,451 Divested Business (1) — — — 11,587 Total net revenue $ 150,658 $ 153,052 $ 435,597 $ 427,289 (1) Represents revenue recognized from the former education client vertical, which was divested in the first quarter of fiscal year 2021. See Note 6, Divestitures
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): March 31, June 30, 2022 2021 Deferred revenue $ 84 $ 33 Client deposits 940 870 Total $ 1,024 $ 903

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Income (Loss) per Share	The following table presents the calculation of basic and diluted net income (loss) per share: Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 (In (In thousands, except per share data) Numerator: Basic and Diluted: Net income (loss) $ 2,230 $ 5,037 $ (305 ) $ 20,184 Denominator: Basic: Weighted-average shares of common stock used in computing basic net income (loss) per share 54,645 53,427 54,339 52,988 Diluted: Weighted-average shares of common stock used in computing basic net income (loss) per share 54,645 53,427 54,339 52,988 Weighted-average effect of dilutive securities: Stock options 343 764 — 829 Restricted stock units 545 1,432 — 1,198 Shares issuable related to the ESPP 3 — — — Weighted-average shares of common stock used in computing diluted net income (loss) per share 55,536 55,623 54,339 55,015 Net income (loss) per share: Basic $ 0.04 $ 0.09 $ (0.01 ) $ 0.38 Diluted (1) $ 0.04 $ 0.09 $ (0.01 ) $ 0.37 Securities excluded from weighted-average shares used in computing diluted net income (loss) per share because the effect would have been anti-dilutive (2) 1,273 4 3,580 65 (1) Diluted net loss per share for the nine months ended March 31, 2022 does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net losses incurred. The assumed issuance of any additional shares would be anti-dilutive . (2) These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis	The following presents March 31, 2022 June 30, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 1,670 $ — $ — $ 1,670 $ 1,670 $ — $ — $ 1,670 Total $ 1,670 $ — $ — $ 1,670 $ 1,670 $ — $ — $ 1,670 Liabilities: Post-closing payments related to acquisitions $ — $ 28,189 $ — $ 28,189 $ — $ 34,954 $ — $ 34,954 Contingent consideration related to acquisitions — — 7,412 7,412 — — 5,432 5,432 Total $ — $ 28,189 $ 7,412 $ 35,601 $ — $ 34,954 $ 5,432 $ 40,386 Reported as: Cash and cash equivalents $ 1,670 $ 1,670 Other Liabilities: Current $ 15,278 $ 12,697 Noncurrent 20,323 27,689 Total $ 35,601 $ 40,386
Schedule of Change in Contingent Consideration	The following table represents the changes in the contingent consideration during the three and nine months ended March 31, 2022 (in thousands): Three Months Ended Nine Months Ended March 31, 2022 March 31, 2022 Balance at the beginning of period $ 7,741 $ 5,432 Changes in fair value during the period — 2,698 Payments made during the period (329 ) (718 ) Balance at the end of period $ 7,412 $ 7,412

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2022
Business Acquisition [Line Items]
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 had been occurred as of the beginning of fiscal year 2020. The unaudited pro forma financial information is presented for illustrative purposes only and does not necessarily reflect what the combined company’s results of operations would have been had the acquisition occurred as of the beginning of fiscal year 2020, nor is it necessarily indicative of the future results of operations of the combined company. Three Months Ended Nine Months Ended March 31, March 31, 2021 2020 2021 2020 (In thousands) (In thousands) Net revenue $ 154,948 $ 149,370 $ 435,253 $ 430,782 Net income 5,803 15,477 23,303 19,888
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Schedule of Consideration	The following table summarizes the consideration as of the acquisition date (in thousands): Estimated Fair Value Cash $ 43,944 Post-closing payments, net of imputed interest of $2,724 24,776 Section 338 election payment to Modernize 1,703 Total $ 70,423
Summary of Final Allocation of Purchase Price to the Fair Values of Identifiable Assets Acquired and Liabilities Assumed	The following table summarizes the final allocation of the purchase price as of the acquisition date (in thousands) : Estimated Fair Value Preliminary as of July 1, 2020 Year to Date Adjustments (1) Final as of June 30, 2021 Cash and cash equivalents $ 3,638 $ — $ 3,638 Accounts receivable, net 4,999 — 4,999 Operating lease right-of-use assets 4,702 — 4,702 Other intangible assets 33,700 — 33,700 Other assets 1,386 — 1,386 Total identifiable assets acquired 48,425 — 48,425 Accrued liabilities 4,909 — 4,909 Operating lease liabilities 4,896 — 4,896 Deferred tax liabilities 7,886 (7,886 ) — Other liabilities 465 (240 ) 225 Total identifiable liabilities assumed 18,156 (8,126 ) 10,030 Net identifiable assets acquired 30,269 8,126 38,395 Goodwill 38,451 (6,423 ) 32,028 Net assets acquired $ 68,720 $ 1,703 $ 70,423 (1) The Company made a 338(h)(10) election to treat the acquisition for tax purposes as a purchase and sale of assets which resulted in the release of the deferred tax liabilities of $7.9 million. The Company has paid the incremental taxes to Modernize resulting from that election, for an increase in total consideration of
Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives	The following table summarizes the fair values of the identifiable intangible assets acquired and the estimated useful lives as of the acquisition date (in thousands): Estimated Fair Value Estimated Useful Life Customer/publisher/advertiser relationships $ 21,300 9 years Content 800 1.5 years Website/trade/domain names 5,300 15 years Acquired technology and others 6,300 4 years Total $ 33,700
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Schedule of Consideration	The following table summarizes the consideration as of the acquisition date (in thousands): Estimated Fair Value Cash $ 7,000 Post-closing payments, net of imputed interest of $189 3,811 Contingent consideration 2,926 Total $ 13,737
Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives	T the fair values of the identifiable assets acquired The following table summarizes the final allocation of the purchase price and the estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands): Estimated Fair Value Estimated Useful Life Customer/publisher/advertiser relationships $ 8,600 7 years Goodwill 5,137 Indefinite Total $ 13,737

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the nine months ended March 31, 2022 were as follows (in thousands): Goodwill Balance as of June 30, 2021 $ 117,833 Goodwill acquired (1) 1,756 Balance as of March 31, 2022 $ 119,589 (1) Represents goodwill acquired associated with an immaterial acquisition completed in the second quarter of fiscal year 2022 .
Intangible Assets	Intangible Assets, Net Intangible assets, net, consisted March 31, 2022 June 30, 2021 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Customer/publisher/advertiser relationships $ 90,830 $ (50,269 ) $ 40,561 $ 90,830 $ (43,485 ) $ 47,345 Content 43,056 (43,056 ) — 43,056 (42,790 ) 266 Website/trade/domain names 25,102 (18,713 ) 6,389 25,102 (18,303 ) 6,799 Acquired technology and others 34,934 (30,381 ) 4,553 33,834 (29,067 ) 4,767 Total $ 193,922 $ (142,419 ) $ 51,503 $ 192,822 $ (133,645 ) $ 59,177
Amortization Expense	Future amortization expense for the Company’s intangible assets as of March 31, Fiscal Year Ending June 30, Amortization 2022 (remaining three months) $ 2,787 2023 10,882 2024 9,945 2025 7,805 2026 5,197 Thereafter 14,887 Total $ 51,503

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Components of Lease Expense	The components and nine months ended March 31, 2022 and 2021 Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Operating lease expense $ 1,296 $ 1,315 $ 3,875 $ 3,943 Short-term lease expense 143 170 469 624 Variable lease expense (1) 148 139 443 426 Total lease expense $ 1,587 $ 1,624 $ 4,787 $ 4,993 (1) Variable lease expense for the three and nine months ended March 31, 2022 and 2021 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): Nine Months Ended March 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 4,664 $ 4,544 Lease liabilities arising from obtaining right-of-use assets Operating leases $ 564 $ 6,247 Weighted average remaining lease term - operating leases 2.1 years 2.9 years Weighted average discount rate - operating leases 5.1 % 5.0 %
Maturities of Operating Lease Liabilities	Maturities of operating 31, 2022 Fiscal Year Ending June 30, Amount 2022 (remaining three months) $ 1,555 2023 5,869 2024 3,812 2025 876 2026 72 Total minimum lease payments 12,184 Less imputed interest (1,842 ) Present value of net minimum lease payments $ 10,342 Operating lease liabilities: Current $ 5,228 Noncurrent 5,114 Total $ 10,342

Stock Benefit Plans (Tables)

Stock Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2022
Stock options [Member]
Schedule of Weighted Average Assumptions	The Company estimates the fair value of stock options at the date of grant using the Black-Scholes option-pricing model. Options are granted with an exercise price equal to the closing price of the Company’s common stock on the date of grant. The weighted-average Black-Scholes model assumptions for the three and nine months ended March 31, 2022 and 2021 were as follows: Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Expected term (in years) 3.5 3.5 4.4 4.4 Expected volatility 57 % 62 % 58 % 62 % Expected dividend yield — — — — Risk-free interest rate 1.3 % 0.2 % 0.9 % 0.3 % Grant date fair value $ 4.61 $ 10.76 $ 8.35 $ 5.99
Employee Stock Purchase Plan [Member]
Schedule of Fair Value of Purchase Rights	The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions: Three Months Ended Nine Months Ended March 31, 2022 March 31, 2022 Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Expected volatility 48% - 64% 48% - 64% Expected dividend yield — — Risk-free interest rate 0.3% - 1.0% 0.3% - 1.0% Grant date fair value $3.72 - $5.33 $3.72 - $5.33

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Net Revenue and Long-Lived Assets by Geographic Area	The following tables set forth net revenue and long-lived assets by geographic area (in thousands): Three Months Ended Nine Months Ended March 31, March 31, 2022 2021 2022 2021 Net revenue: United States $ 144,196 $ 150,245 $ 417,838 $ 419,016 International 6,462 2,807 17,759 8,273 Total net revenue $ 150,658 $ 153,052 $ 435,597 $ 427,289 March 31, June 30, 2022 2021 Property and equipment, net: United States $ 8,660 $ 6,672 International 215 177 Total property and equipment, net $ 8,875 $ 6,849 March 31, June 30, 2022 2021 Other intangible assets, net: United States $ 51,503 $ 59,177 International — — Total other intangible assets, net $ 51,503 $ 59,177

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)Client	Mar. 31, 2021Client	Mar. 31, 2022USD ($)Client	Mar. 31, 2021Client	Jun. 30, 2021USD ($)Client
Summary Of Significant Accounting Policies [Line Items]
Allowance for credit losses on accounts receivable | $	$ 100		$ 100		$ 100
Revenue reserve | $	1,300		1,300		900
Allowance for credit losses and revenue reserve | $	$ 1,358		$ 1,358		$ 1,010
Change in accounting principle accounting standards update adoption date	Jul. 1, 2021		Jul. 1, 2021
Change in accounting principle accounting standards update immaterial effect [true false]	true		true
Accounting standards update description			ASU 2019-12
Customer Concentration Risk [Member] | Net revenue [Member] | One Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of clients accounted for more than 10% of net revenue	1	1	1	1
Concentration risk percentage accounted by major clients	19.00%	26.00%	16.00%	25.00%
Customer Concentration Risk [Member] | Net revenue [Member] | Other Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of other clients accounted for more than 10% of net revenue	0	0	0	0
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients					10.00%
Number of clients accounted for 10% or more than 10% of net accounts receivable					1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Additional Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage accounted by major clients					15.00%
Number of clients accounted for 10% or more than 10% of net accounts receivable					1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Other Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of clients accounted for 10% or more than 10% of net accounts receivable			0		0

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Net Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Net revenue	$ 150,658	$ 153,052	$ 435,597	$ 427,289
Financial Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	108,277	116,284	316,347	314,651
Home Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	40,704	35,037	114,510	97,600
Other Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	1,677	1,731	4,740	3,451
Divested Businesses [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	$ 0	$ 0	$ 0	$ 11,587

Revenue - Schedule of Contract

Revenue - Schedule of Contract Liabilities from Contracts with Clients (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Contract With Customer Asset And Liability [Abstract]
Deferred revenue	$ 84	$ 33
Client deposits	940	870
Total	$ 1,024	$ 903

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Millions	9 Months Ended
	Mar. 31, 2022USD ($)
Revenue From Contract With Customer [Abstract]
Revenue recognized	$ 2.7
Change in amount of advance consideration received from customers	$ 2.8

Net Income (Loss) per Share - C

Net Income (Loss) per Share - Calculation of Basic and Diluted Net Income (Loss) per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Basic and Diluted:
Net income (loss)		$ 2,230	$ 5,037	$ (305)	$ 20,184
Basic:
Weighted-average shares of common stock used in computing basic net income (loss) per share		54,645	53,427	54,339	52,988
Diluted:
Weighted-average shares of common stock used in computing basic net income (loss) per share		54,645	53,427	54,339	52,988
Weighted-average effect of dilutive securities:
Weighted-average shares of common stock used in computing diluted net income (loss) per share		55,536	55,623	54,339	55,015
Net income (loss) per share:
Basic		$ 0.04	$ 0.09	$ (0.01)	$ 0.38
Diluted	[1]	$ 0.04	$ 0.09	$ (0.01)	$ 0.37
Securities excluded from weighted-average shares used in computing diluted net income (loss) per share because the effect would have been anti-dilutive	[2]	1,273	4	3,580	65
Stock options [Member]
Weighted-average effect of dilutive securities:
Weighted-average effect of dilutive securities		343	764	0	829
Restricted stock units [Member]
Weighted-average effect of dilutive securities:
Weighted-average effect of dilutive securities		545	1,432	0	1,198
Shares issuable related to the ESPP [Member]
Weighted-average effect of dilutive securities:
Weighted-average effect of dilutive securities		3	0	0	0
[1]	Diluted net loss per share for the nine months ended March 31, 2022 does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net losses incurred. The assumed issuance of any additional shares would be anti-dilutive
[2]	These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future .

Fair Value Measurements - 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	Mar. 31, 2022	Jun. 30, 2021
Assets:
Total Assets	$ 1,670	$ 1,670
Liabilities:
Total Liabilities	35,601	40,386
Cash and cash equivalents	1,670	1,670
Other Liabilities:
Other Liabilities	35,601	40,386
Current [Member]
Other Liabilities:
Other Liabilities	15,278	12,697
Non Current [Member]
Other Liabilities:
Other Liabilities	20,323	27,689
Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	28,189	34,954
Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	7,412	5,432
Money market funds [Member]
Assets:
Total Assets	1,670	1,670
Level 1 [Member]
Assets:
Total Assets	1,670	1,670
Liabilities:
Total Liabilities	0	0
Level 1 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 1 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 1 [Member] | Money market funds [Member]
Assets:
Total Assets	1,670	1,670
Level 2 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	28,189	34,954
Level 2 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	28,189	34,954
Level 2 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 2 [Member] | Money market funds [Member]
Assets:
Total Assets	0	0
Level 3 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	7,412	5,432
Level 3 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 3 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	7,412	5,432
Level 3 [Member] | Money market funds [Member]
Assets:
Total Assets	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair value, assets, level 1 to level 2 transfers, amount		$ 0		$ 0
Fair value, assets, level 2 to level 1 transfers, amount		0		0
Fair value, liabilities, level 1 to level 2 transfers, amount		0		0
Fair value, liabilities, level 2 to level 1 transfers, amount		0		0
Fair value liabilities level 3 to level 1 transfers, amount		0		0
Fair value assets level 3 to level 1 transfers, amount		0		$ 0
Expense due to change in estimated fair value of contingent consideration		$ 2,698,000	$ 0
General and Administrative Expenses [Member]
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Expense due to change in estimated fair value of contingent consideration	$ 2,700,000

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Change in Contingent Consideration (Detail) - Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2022
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at the beginning of period	$ 7,741	$ 5,432
Changes in fair value during the period	0	2,698
Payments made during the period	(329)	(718)
Balance at the end of period	$ 7,412	$ 7,412

Divestitures - Additional Infor

Divestitures - Additional Information (Detail) - USD ($) $ in Millions	Aug. 31, 2020	Sep. 30, 2020
Restructuring Cost And Reserve [Line Items]
Purchase price of asset sell	$ 20
Other Income (Expense), Net [Member]
Restructuring Cost And Reserve [Line Items]
Gain (loss) on disposition of operation		$ 16.6

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 01, 2021	Jul. 01, 2020	Dec. 31, 2021	Mar. 31, 2021	Mar. 31, 2021
Nonrecurring Acquisition Cost [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs				$ 152	$ 652
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Closing date of acquisition		Jul. 1, 2020
Cash paid upon closing		$ 43,944
Cash paid for net assets acquired		3,900
Business Combination, post-closing payments		$ 27,500
Business combination, deferred consideration payment period		5 years
Business combination, deferred consideration payment description		post-closing payments, payable in equal annual installments over a five-year period, with the first annual installment paid in the first quarter of fiscal year 2022
Date of acquisition		Jul. 1, 2020
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Closing date of acquisition	Mar. 1, 2021
Cash paid upon closing	$ 7,000
Business Combination, post-closing payments	$ 4,000
Business combination, deferred consideration payment period	2 years
Business combination, deferred consideration payment description	post-closing
Date of acquisition	Mar. 1, 2021
Business combination, additional contingent consideration payable	$ 9,000
Business combination, contingent consideration payment description	The purchase consideration also includes contingent consideration of up to an additional $9.0 million, which is payable for two years following the date of closing based on the achievement of revenue and margin targets and is calculated every February 28 for the preceding twelve months
Business combination contingent consideration payable period	2 years
Mayo Labs, LLC [Member]
Business Acquisition [Line Items]
Closing date of acquisition				Mar. 31, 2021
Cash paid upon closing				$ 2,000
Business Combination, post-closing payments				$ 2,000
Business combination, deferred consideration payment period				2 years
Business combination, deferred consideration payment description				post-closing payments, payable in equal annual installments over a two-year period,
Date of acquisition				Mar. 31, 2021
Home Services Client Vertical [Member]
Business Acquisition [Line Items]
Closing date of acquisition			Dec. 31, 2021
Cash paid upon closing			$ 1,000
Business Combination, post-closing payments			$ 2,000
Business combination, deferred consideration payment period			2 years
Business combination, deferred consideration payment description			post-closing payments, payable in equal annual installments over a two-year period, with the first installment payable twelve months following the date of closing.
Date of acquisition			Dec. 31, 2021

Acquisitions - Schedule of Cons

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

Acquisitions - Schedule of Co_2

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

Acquisitions - Summary of Final

Acquisitions - Summary of Final Allocation of Purchase Price to the Fair Values of Identifiable Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands		Mar. 31, 2022	Jun. 30, 2021	Jul. 01, 2020
Business Acquisition [Line Items]
Goodwill		$ 119,589	$ 117,833
Modernize, Inc. [Member] | Preliminary [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			3,638	$ 3,638
Accounts receivable, net			4,999	4,999
Operating lease right-of-use assets			4,702	4,702
Other intangible assets			33,700	33,700
Other assets			1,386	1,386
Total identifiable assets acquired			48,425	48,425
Accrued liabilities			4,909	4,909
Operating lease liabilities			4,896	4,896
Deferred tax liabilities			0	7,886
Other liabilities			225	465
Total identifiable liabilities assumed			10,030	18,156
Net identifiable assets acquired			38,395	30,269
Goodwill			32,028	38,451
Net assets acquired			70,423	$ 68,720
Modernize, Inc. [Member] | Year To Date Adjustments [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	[1]		0
Accounts receivable, net	[1]		0
Operating lease right-of-use assets	[1]		0
Other intangible assets	[1]		0
Other assets	[1]		0
Total identifiable assets acquired	[1]		0
Accrued liabilities	[1]		0
Operating lease liabilities	[1]		0
Deferred tax liabilities	[1]		(7,886)
Other liabilities	[1]		(240)
Total identifiable liabilities assumed	[1]		(8,126)
Net identifiable assets acquired	[1]		8,126
Goodwill	[1]		(6,423)
Net assets acquired	[1]		$ 1,703
[1]	The Company made a 338(h)(10) election to treat the acquisition for tax purposes as a purchase and sale of assets which resulted in the release of the deferred tax liabilities of $7.9 million. The Company has paid the incremental taxes to Modernize resulting from that election, for an increase in total consideration of

Acquisitions - Summary of Fin_2

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

Acquisitions - Summary of Fair

Acquisitions - Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives (Detail) - USD ($) $ in Thousands	Mar. 01, 2021	Jul. 01, 2020	Mar. 31, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Goodwill			$ 119,589	$ 117,833
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 33,700
FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 13,737
Goodwill	5,137
Customer/publisher/advertiser relationships [Member] | Modernize, Inc. [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 21,300
Estimated Useful Life		9 years
Customer/publisher/advertiser relationships [Member] | FC Ecosystem, LLC [Member]
Business Acquisition [Line Items]
Estimated Fair Value	$ 8,600
Estimated Useful Life	7 years
Content [Member] | Modernize, Inc. [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 800
Estimated Useful Life		1 year 6 months
Website/trade/domain names [Member] | Modernize, Inc. [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 5,300
Estimated Useful Life		15 years
Acquired technology and others [Member] | Modernize, Inc. [Member]
Business Acquisition [Line Items]
Estimated Fair Value		$ 6,300
Estimated Useful Life		4 years

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Financial Information Combined Results of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Business Combinations [Abstract]
Net revenue	$ 154,948	$ 149,370	$ 435,253	$ 430,782
Net income	$ 5,803	$ 15,477	$ 23,303	$ 19,888

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	9 Months Ended
	Mar. 31, 2022USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, Beginning	$ 117,833
Goodwill acquired (1)	1,756	[1]
Goodwill, Ending	$ 119,589
[1]	Represents goodwill acquired associated with an immaterial acquisition completed in the second quarter of fiscal year 2022 .

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill impairment loss			$ 0
Amortization of intangible assets	$ 2,800,000	$ 2,800,000	$ 8,800,000	$ 8,800,000

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 193,922	$ 192,822
Accumulated Amortization	(142,419)	(133,645)
Net Carrying Amount	51,503	59,177
Customer/publisher/advertiser relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	90,830	90,830
Accumulated Amortization	(50,269)	(43,485)
Net Carrying Amount	40,561	47,345
Content [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,056	43,056
Accumulated Amortization	(43,056)	(42,790)
Net Carrying Amount	0	266
Website/trade/domain names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	25,102	25,102
Accumulated Amortization	(18,713)	(18,303)
Net Carrying Amount	6,389	6,799
Acquired technology and others [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	34,934	33,834
Accumulated Amortization	(30,381)	(29,067)
Net Carrying Amount	$ 4,553	$ 4,767

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Amortization Expense (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
2022 (remaining three months)	$ 2,787
2023	10,882
2024	9,945
2025	7,805
2026	5,197
Thereafter	14,887
Net Carrying Amount	$ 51,503	$ 59,177

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Provision For (Benefit From) Income Taxes	$ (1,395)	$ 893	$ (3,009)	$ 4,549

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	Mar. 31, 2022USD ($)
Lease Cost [Abstract]
Lessee, operating lease, renewal term	5 years
Future principal contractual obligations for operating lease commitments undiscounted lease liability excess amount	$ 0.3

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Lease Cost [Abstract]
Operating lease expense		$ 1,296	$ 1,315	$ 3,875	$ 3,943
Short-term lease expense		143	170	469	624
Variable lease expense	[1]	148	139	443	426
Total lease expense		$ 1,587	$ 1,624	$ 4,787	$ 4,993
[1]	Variable lease expense for the three and nine months ended March 31, 2022 and 2021 primarily included common area maintenance charges.

Leases - Supplemental Informati

Leases - Supplemental Information Related to Operating Leases (Detail) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$ 4,664	$ 4,544
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$ 564	$ 6,247
Weighted average remaining lease term - operating leases	2 years 1 month 6 days	2 years 10 months 24 days
Weighted average discount rate - operating leases	5.10%	5.00%

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Lease Cost [Abstract]
2022 (remaining three months)	$ 1,555
2023	5,869
2024	3,812
2025	876
2026	72
Total minimum lease payments	12,184
Less imputed interest	(1,842)
Present value of net minimum lease payments	10,342
Operating lease liabilities:
Current	$ 5,228
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Noncurrent	$ 5,114	$ 8,545

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Estimated fair value of indemnification agreements	$ 0	$ 0
Estimated fair value of indemnity provisions	0	$ 0
Letter of credit agreement with a financial institution that is used as collateral for the Company's corporate headquarters' operating lease	$ 500,000
Letter of credit automatically renews annually without amendment on the annual expiration date	30 days

Stock Benefit Plans - Additiona

Stock Benefit Plans - Additional Information (Detail)	9 Months Ended
	Mar. 31, 2022USD ($)shares
2010 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	23,125,612
Shares available for issuance	13,428,746
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	2,163,769
2021 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	2,164,999
Shares of common stock allowed to purchase at a discount through payroll deductions	15.00%
Purchase of common stock at a percentage of price per share	85.00%
Maximum number of common stock, participant may purchase during purchase period	2,500
Maximum value of common stock, participant may purchase in each calendar year | $	$ 25,000,000
Number of shares issued	0
Employee payroll contributions accrued | $	$ 200,000
Purchase period end date	Aug. 24, 2022

Stock Benefit Plans - Schedule

Stock Benefit Plans - Schedule of Weighted Average Assumptions (Detail) - Stock options [Member] - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	3 years 6 months	3 years 6 months	4 years 4 months 24 days	4 years 4 months 24 days
Expected volatility	57.00%	62.00%	58.00%	62.00%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%
Risk-free interest rate	1.30%	0.20%	0.90%	0.30%
Grant date fair value	$ 4.61	$ 10.76	$ 8.35	$ 5.99

Stock Benefit Plans - Schedul_2

Stock Benefit Plans - Schedule of Fair Value of Purchase Rights (Detail) - Employee Stock Purchase Plan [Member] - $ / shares	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2022
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months
Expected volatility	48.00%	48.00%
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	0.30%	0.30%
Grant date fair value	$ 3.72	$ 3.72
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years	2 years
Expected volatility	64.00%	64.00%
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.00%	1.00%
Grant date fair value	$ 5.33	$ 5.33

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Mar. 31, 2022Segment
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	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Net revenue:
Total net revenue	$ 150,658	$ 153,052	$ 435,597	$ 427,289
Property and equipment, net:
Total property and equipment, net	8,875		8,875		$ 6,849
Other intangible assets, net:
Total other intangible assets, net	51,503		51,503		59,177
United States [Member]
Net revenue:
Total net revenue	144,196	150,245	417,838	419,016
Property and equipment, net:
Total property and equipment, net	8,660		8,660		6,672
Other intangible assets, net:
Total other intangible assets, net	51,503		51,503		59,177
International [Member]
Net revenue:
Total net revenue	6,462	$ 2,807	17,759	$ 8,273
Property and equipment, net:
Total property and equipment, net	215		215		177
Other intangible assets, net:
Total other intangible assets, net	$ 0		$ 0		$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Millions	Apr. 29, 2022USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock repurchase program outstanding shares of common stock authorized to repurchase	$ 40