Annual report pursuant to Section 13 and 15(d)

Marketable Securities (Tables)

v2.4.0.8
Marketable Securities (Tables)
12 Months Ended
Jun. 30, 2013
Marketable 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 June 30, 2013 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
U.S. Treasury securities
$
93,940

 
$
53

 
$
(206
)
 
$
93,787

U.S. Government agency securities
598,471

 
569

 
(1,009
)
 
598,031

Municipal securities
103,686

 
71

 
(302
)
 
103,455

Corporate debt securities
1,103,438

 
2,353

 
(2,466
)
 
1,103,325

Money market and other
817,608

 

 

 
817,608

Sovereign securities
33,799

 
25

 
(19
)
 
33,805

Subtotal
2,750,942

 
3,071

 
(4,002
)
 
2,750,011

Add: Time deposits(1)
43,413

 

 

 
43,413

Less: Cash equivalents
859,933

 

 

 
859,933

Marketable securities
$
1,934,422

 
$
3,071

 
$
(4,002
)
 
$
1,933,491

 
 
 
 
 
 
 
 
As of June 30, 2012 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
U.S. Treasury securities
$
91,387

 
$
67

 
$
(16
)
 
$
91,438

U.S. Government agency securities
633,587

 
981

 
(76
)
 
634,492

Municipal securities
66,538

 
107

 
(102
)
 
66,543

Corporate debt securities
914,134

 
3,826

 
(568
)
 
917,392

Money market and other
607,038

 

 

 
607,038

Sovereign securities
29,056

 
89

 

 
29,145

Equity securities
10

 

 

 
10

Subtotal
2,341,750

 
5,070

 
(762
)
 
2,346,058

Add: Time deposits(1)
62,431

 

 

 
62,431

Less: Cash equivalents
625,339

 

 

 
625,339

Marketable securities
$
1,778,842

 
$
5,070

 
$
(762
)
 
$
1,783,150

__________________ 
(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 June 30, 2013 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
U.S. Treasury securities
$
50,475

 
$
(206
)
U.S. Government agency securities
323,053

 
(1,009
)
Municipal securities
56,919

 
(302
)
Corporate debt securities
595,513

 
(2,466
)
Sovereign securities
21,088

 
(19
)
Total
$
1,047,048

 
$
(4,002
)
 __________________ 
(1)
As of June 30, 2013, the amount of total gross unrealized losses 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 Consolidated Balance Sheet, as of the date indicated below were as follows:
 
As of June 30, 2013 (In thousands)
Amortized
Cost
 
Fair Value
Due within one year
$
457,403

 
$
458,051

Due after one year through three years
1,477,019

 
1,475,440

 
$
1,934,422

 
$
1,933,491