Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v2.4.0.6
Marketable Securities (Tables)
9 Months Ended
Mar. 31, 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 March 31, 2012 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
95,693

 
$
140

 
$
(45
)
 
$
95,788

U.S. Government agency securities
561,286

 
777

 
(310
)
 
561,753

Municipal securities
41,623

 
150

 
(5
)
 
41,768

Corporate debt securities
868,270

 
4,366

 
(513
)
 
872,123

Money market and other
551,568

 

 

 
551,568

Sovereign securities
33,789

 
110

 
(2
)
 
33,897

Equity securities
1,927

 
16

 

 
1,943

Subtotal
2,154,156

 
5,559

 
(875
)
 
2,158,840

Add: Time deposits(1)
69,663

 

 

 
69,663

Less: Cash equivalents
622,678

 

 

 
622,678

Marketable securities
$
1,601,141

 
$
5,559

 
$
(875
)
 
$
1,605,825

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 March 31, 2012 (In thousands)
Fair Value
 
Gross Unrealized Losses(1)
U.S. Treasury securities
$
39,027

 
$
(45
)
U.S. Government agency securities
196,537

 
(310
)
Municipal securities
6,747

 
(5
)
Corporate debt securities
230,504

 
(513
)
Sovereign securities
6,027

 
(2
)
Total
$
478,842

 
$
(875
)
__________________ 
(1)
Of the total gross unrealized losses, there were no amounts that, as of March 31, 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 Condensed Consolidated Balance Sheet, as of the date indicated below were as follows:
As of March 31, 2012 (In thousands)
Amortized Cost
 
Fair Value
Due within one year
$
369,877

 
$
371,080

Due after one year through three years
1,231,264

 
1,234,745

 
$
1,601,141

 
$
1,605,825