Annual report pursuant to Section 13 and 15(d)

MARKETABLE SECURITIES (Tables)

v3.21.2
MARKETABLE SECURITIES (Tables)
 12 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
As of June 30, 2021 (In thousands) Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair Value
Corporate debt securities $ 468,192  $ 689  $ (135) $ 468,746 
Money market funds and other 691,375  —  —  691,375 
Municipal securities 70,155  106  (33) 70,228 
Sovereign securities 3,045  7  —  3,052 
U.S. Government agency securities 145,810  160  (49) 145,921 
U.S. Treasury securities 233,052  129  (117) 233,064 
Equity securities(1)
3,211  26,719  —  29,930 
Subtotal 1,614,840  27,810  (334) 1,642,316 
Add: Time deposits(2)
210,636  —  —  210,636 
Less: Cash equivalents 793,040  —  —  793,040 
Marketable securities $ 1,032,436  $ 27,810  $ (334) $ 1,059,912 
As of June 30, 2020 (In thousands) Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair Value
Corporate debt securities $ 379,334  $ 2,673  $ (50) $ 381,957 
Money market funds and other 694,950  —  —  694,950 
Municipal securities 28,859  251  —  29,110 
Sovereign securities 2,009  8  —  2,017 
U.S. Government agency securities 106,091  252  (7) 106,336 
U.S. Treasury securities 179,631  1,564  (2) 181,193 
Subtotal 1,390,874  4,748  (59) 1,395,563 
Add: Time deposits(2)
124,153  —  —  124,153 
Less: Cash equivalents 773,653  —  —  773,653 
Marketable securities $ 741,374  $ 4,748  $ (59) $ 746,063 
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(1)Unrealized gains on equity securities included in our portfolio consist of the initial fair value adjustment recorded upon a security becoming marketable.
(2)Time deposits excluded from fair value measurements.
Schedule of Investments with Gross Unrealized Losses The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the date indicated below, none of which were in a continuous loss position for 12 months or more:
As of June 30, 2021 (In thousands) Fair Value Gross
Unrealized
Losses
Corporate debt securities $ 161,012  $ (135)
Municipal securities 21,605  (33)
U.S. Government agency securities 38,904  (49)
U.S. Treasury securities 117,761  (117)
Total $ 339,282  $ (334)
Schedule of Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Consolidated Balance Sheets, as of the date indicated below were as follows:
As of June 30, 2021 (In thousands) Amortized
Cost		 Fair Value
Due within one year $ 519,815  $ 547,291 
Due after one year through three years 512,621  512,621 
$ 1,032,436  $ 1,059,912