Annual report pursuant to Section 13 and 15(d)

MARKETABLE SECURITIES (Tables)

v3.20.2
MARKETABLE SECURITIES (Tables)
 12 Months Ended
Jun. 30, 2020
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 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(1)
124,153    —    —    124,153   
Less: Cash equivalents 773,653    —    —    773,653   
Marketable securities $ 741,374    $ 4,748    $ (59)   $ 746,063   
As of June 30, 2019 (In thousands) Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair Value
Corporate debt securities $ 433,518    $ 141    $ (582)   $ 433,077   
Money market funds and other 352,708    —    —    352,708   
Municipal securities 1,910    3    —    1,913   
Sovereign securities 6,001    1    (8)   5,994   
U.S. Government agency securities 159,454    5    (241)   159,218   
U.S. Treasury securities 208,058    39    (401)   207,696   
Subtotal 1,161,649    189    (1,232)   1,160,606   
Add: Time deposits(1)
99,006    —    —    99,006   
Less: Cash equivalents 536,206    17    (2)   536,221   
Marketable securities $ 724,449    $ 172    $ (1,230)   $ 723,391   
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(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 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, 2020 (In thousands) Fair Value Gross
Unrealized
Losses
Corporate debt securities $ 44,429    $ (50)  
Municipal securities 870    0
Sovereign securities —    —   
U.S. Government agency securities 9,951    (7)  
U.S. Treasury securities 19,010    (2)  
Total $ 74,260    $ (59)  
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, 2020 (In thousands) Amortized
Cost		 Fair Value
Due within one year $ 415,915    $ 418,169   
Due after one year through three years 325,459    327,894   
$ 741,374    $ 746,063