Annual report pursuant to Section 13 and 15(d)

Marketable Securities (Tables)

v2.4.0.6
Marketable Securities (Tables)
12 Months Ended
Jun. 30, 2012
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, 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

 
 
 
 
 
 
 
 
As of June 30, 2011 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
U.S. Treasury securities
$
58,754

 
$
165

 
$
(23
)
 
$
58,896

U.S. Government agency securities
319,375

 
931

 
(123
)
 
320,183

Municipal securities
38,688

 
275

 
(6
)
 
38,957

Corporate debt securities
870,591

 
5,162

 
(368
)
 
875,385

Money market and other
481,770

 

 

 
481,770

Sovereign securities
31,932

 
179

 
(25
)
 
32,086

Subtotal
1,801,110

 
6,712

 
(545
)
 
1,807,277

Add: Time deposits(1)
65,402

 

 

 
65,402

Less: Cash equivalents
545,475

 

 
(2
)
 
545,473

Marketable securities
$
1,321,037

 
$
6,712

 
$
(543
)
 
$
1,327,206

__________________ 
(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, 2012 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
U.S. Treasury securities
$
47,093

 
$
(16
)
U.S. Government agency securities
115,894

 
(76
)
Municipal securities
38,399

 
(102
)
Corporate debt securities
225,186

 
(568
)
Total
$
426,572

 
$
(762
)
 __________________ 
(1)
Of the total gross unrealized losses, there were no amounts that, as of June 30, 2012, had been in a continuous loss position for 12 months or more.
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, 2012 (In thousands)
Amortized
Cost
 
Fair Value
Due within one year
$
464,939

 
$
466,044

Due after one year through three years
1,313,903

 
1,317,106

 
$
1,778,842

 
$
1,783,150