| Summary of Marketable Securities |
The amortized cost and fair value of marketable securities as of
September 30, 2011
and
June 30, 2011
were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2011 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
70,916
|
|
|
$
|
306
|
|
|
$
|
(36
|
)
|
|
$
|
71,186
|
|
|
U.S. Government agency securities
|
343,721
|
|
|
749
|
|
|
(338
|
)
|
|
344,132
|
|
|
Municipal securities
|
40,075
|
|
|
266
|
|
|
(3
|
)
|
|
40,338
|
|
|
Corporate debt securities
|
830,229
|
|
|
3,688
|
|
|
(2,196
|
)
|
|
831,721
|
|
|
Money market and other
|
578,442
|
|
|
—
|
|
|
—
|
|
|
578,442
|
|
|
Sovereign securities
|
32,283
|
|
|
132
|
|
|
(4
|
)
|
|
32,411
|
|
|
Subtotal
|
1,895,666
|
|
|
5,141
|
|
|
(2,577
|
)
|
|
1,898,230
|
|
|
Add: Time deposits(1)
|
45,117
|
|
|
—
|
|
|
—
|
|
|
45,117
|
|
|
Less: Cash equivalents
|
589,143
|
|
|
—
|
|
|
—
|
|
|
589,143
|
|
|
Marketable securities
|
$
|
1,351,640
|
|
|
$
|
5,141
|
|
|
$
|
(2,577
|
)
|
|
$
|
1,354,204
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
870591年
|
|
|
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
|
)
|
|
1807277年
|
|
|
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
September 30, 2011
:
|
|
|
|
|
|
|
|
|
|
(In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses(1)
|
|
U.S. Treasury securities
|
$
|
25,868
|
|
|
$
|
(36
|
)
|
|
U.S. Government agency securities
|
134,278
|
|
|
(338
|
)
|
|
Municipal securities
|
1,443
|
|
|
(3
|
)
|
|
Corporate debt securities
|
280,339
|
|
|
(2,196
|
)
|
|
Sovereign securities
|
2,497
|
|
|
(4
|
)
|
|
Total
|
$
|
444,425
|
|
|
$
|
(2,577
|
)
|
__________________
|
|
|
(1)
|
As of
September 30, 2011
, the amount of total gross unrealized losses that had been in a continuous loss position for
12
months or more was immaterial.
|
|
| Contractual Maturities of Securities |
The contractual maturities of securities classified as available-for-sale as of
September 30, 2011
, regardless of their classification on the Company's Condensed Consolidated Balance Sheet, were as follows:
|
|
|
|
|
|
|
|
|
|
(In thousands)
|
Amortized
Cost
|
|
Fair Value
|
|
Due within one year
|
$
|
320,316
|
|
|
$
|
321,151
|
|
|
Due after one year through three years
|
1,031,324
|
|
|
1,033,053
|
|
|
|
$
|
1,351,640
|
|
|
$
|
1,354,204
|
|
|