Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.4.0.3
Marketable Securities (Tables)
9 Months Ended
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Summary of Marketable Securities
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
As of March 31, 2016 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
388,085

 
$
731

 
$
(6
)
 
$
388,810

U.S. Government agency securities
400,255

 
509

 
(43
)
 
400,721

Municipal securities
5,443

 
2

 

 
5,445

Corporate debt securities
647,655

 
1,430

 
(386
)
 
648,699

Money market and other
367,659

 

 

 
367,659

Sovereign securities
43,200

 
4

 
(9
)
 
43,195

Subtotal
1,852,297

 
2,676

 
(444
)
 
1,854,529

Add: Time deposits(1)
64,605

 

 

 
64,605

Less: Cash equivalents
603,792

 
7

 
(1
)
 
603,798

Marketable securities
$
1,313,110

 
$
2,669

 
$
(443
)
 
$
1,315,336

As of June 30, 2015 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
274,965

 
$
605

 
$
(15
)
 
$
275,555

U.S. Government agency securities
571,843

 
551

 
(126
)
 
572,268

Municipal securities
31,819

 
7

 
(10
)
 
31,816

Corporate debt securities
625,965

 
511

 
(515
)
 
625,961

Money market and other
611,385

 

 

 
611,385

Sovereign securities
57,091

 
33

 
(31
)
 
57,093

Subtotal
2,173,068

 
1,707

 
(697
)
 
2,174,078

Add: Time deposits(1)
29,941

 

 

 
29,941

Less: Cash equivalents
654,933

 

 

 
654,933

Marketable securities
$
1,548,076

 
$
1,707

 
$
(697
)
 
$
1,549,086

________________
(1)
Time deposits excluded from fair value measurements.
Investments with Gross Unrealized Losses
The following table summarizes the fair value and gross unrealized losses of the Company’s investments that were in an unrealized loss position as of the date indicated below: 
As of March 31, 2016 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
U.S. Treasury securities
$
15,026

 
$
(6
)
U.S. Government agency securities
78,609

 
(42
)
Corporate debt securities
195,167

 
(386
)
Sovereign securities
20,176

 
(9
)
Total
$
308,978

 
$
(443
)
__________________ 
(1)
As of March 31, 2016, the amount of total gross unrealized losses related to investments that had been in a continuous loss position for 12 months or more was immaterial.
Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on the Company’s Condensed Consolidated Balance Sheet, as of the date indicated below were as follows:
As of March 31, 2016 (In thousands)
Amortized Cost
 
Fair Value
Due within one year
$
322,976

 
$
323,090

Due after one year through three years
990,134

 
992,246

 
$
1,313,110

 
$
1,315,336