Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.7.0.1
Marketable Securities
9 Months Ended
Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES
NOTE 4 – MARKETABLE SECURITIES
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
As of March 31, 2017 (In thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Corporate debt securities
$
1,037,056

$
437

$
(2,301
)
$
1,035,192

Money market funds and other
432,229

—

—

432,229

Sovereign securities
72,738

—

(70
)
72,668

U.S. Treasury securities
371,899

111

(1,164
)
370,846

U.S. Government agency securities
415,031

86

(1,670
)
413,447

Subtotal
2,328,953

634

(5,205
)
2,324,382

Add: Time deposits (1)
35,177

—

—

35,177

Less: Cash equivalents
611,849

5

(2
)
611,852

Marketable securities
$
1,752,281

$
629

$
(5,203
)
$
1,747,707

As of June 30, 2016 (In thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Corporate debt securities
$
676,259

$
2,372

$
(157
)
$
678,474

Money market funds and other
626,156

—

—

626,156

Municipal securities
5,014

2

—

5,016

Sovereign securities
41,224

38

(5
)
41,257

U.S. Treasury securities
326321年

1,181

—

327,502

U.S. Government agency securities
404,889

830

(14
)
405,705

Subtotal
2,079,863

4,423

(176
)
2,084,110

Add: Time deposits (1)
77,131

—

—

77,131

Less: Cash equivalents
778,451

1

(17
)
778,435

Marketable securities
$
1,378,543

$
4,422

$
(159
)
$
1,382,806

________________
(1)
Time deposits excluded from fair value measurements.
KLA-Tencor’s investment portfolio consists of both corporate and government securities that have a maximum maturity of three years . The longer the duration of these securities, the more susceptible they are to changes in market interest rates and bond yields. As yields increase, those securities with a lower yield-at-cost show a mark-to-market unrealized loss. All unrealized losses are due to changes in market interest rates, bond yields and/or credit ratings. The Company believes that it has the ability to realize the full value of all of these investments upon maturity. 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, 2017 (In thousands)
Fair Value
Gross
Unrealized
Losses (1)
Corporate debt securities
$
705,236

$
(2,299
)
U.S. Government agency securities
287,570

(1,670
)
U.S. Treasury securities
217,914

(1,164
)
Sovereign securities
53,452

(70
)
Total
$
1,264,172

$
(5,203
)
__________________
(1)
As of March 31, 2017 , the amount of total gross unrealized losses related to investments that had been in a continuous loss position for 12 months or more was immaterial.

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, 2017 (In thousands)
摊余成本
Fair Value
Due within one year
$
753,460

$
753,071

Due after one year through three years
998,821

994,636

$
1,752,281

$
1,747,707


Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Realized gains and losses on available-for-sale securities for the three and nine months ended March 31, 2017 and 2016 were immaterial.
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