Annual report pursuant to Section 13 and 15(d)

Note 4. Marketable Securities (Tables)

v2.3.0.11
Note 4. Marketable Securities (Tables)
12 Months Ended
Jun. 30, 2011
Marketable Securities [Abstract]
Summary of Marketable Securities
The amortized cost and fair value of marketable securities as of June 30, 2011 and 2010 were as follows:
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

As of June 30, 2010 (In thousands)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
U.S. Treasury securities
$
42,182

$
112

$
(1
)
$
42,293

U.S. Government agency securities
249,182

1,108

(10
)
250,280

Municipal securities
55,171

368

(80
)
55,459

Corporate debt securities
599,118

5,314

(1,276
)
603,156

Money market and other
334,674



334,674

Sovereign securities
39,166

210

(21
)
39,355

Auction rate securities
16,825



16,825

Subtotal
1,336,318

7,112

(1,388
)
1,342,042

Add: Time deposits(1)
38,407



38,407

Less: Cash equivalents
376,316

7


376,323

Marketable securities
$
998,409

$
7,105

$
(1,388
)
$
1,004,126


__________________
(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 June 30, 2011 :
(In thousands)
Fair Value
Gross
Unrealized
Losses(1)
U.S. Treasury securities
$
15,660

$
(23
)
U.S. Government agency securities
63,345

(121
)
Municipal securities
3,181

(6
)
Corporate debt securities
137,990

(368
)
Sovereign securities
7,542

(25
)
Total
$
227,718

$
(543
)
__________________
(1)
Of the total gross unrealized losses, there were no amounts that, as of June 30, 2011 , had been in a continuous loss position for 12 mont
Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale as of June 30, 2011 , regardless of the consolidated balance sheet classification, were as follows:
(In thousands)
Amortized
Cost
Fair Value
Due within one year
$
338,240

$
339,968

Due after one year through three years
982,797

987,238

$
1,321,037

$
1,327,206

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