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Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2016
Financial Instruments  
Summary of amortized cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category for cash, cash equivalents and short-term investments

 

                                                                                                                                                                                    

 

 

June 30, 2016

 

 

 

 

 

 

 

 

 

Estimated Market Value

 

(in thousands)

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Cash and
Cash
Equivalents

 

Short-term
Investments

 

Cash

 

$

95,906

 

$

 

$

 

$

95,906

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

13,362

 

 

 

 

 

 

13,362

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

13,362

 

 

 

 

 

 

13,362

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

14,704

 

 

 

 

 

 

8,938

 

 

5,766

 

U.S. government agencies securities

 

 

28,000

 

 

7

 

 

(17

)

 

 

 

27,990

 

U.S. Treasury securities

 

 

3,997

 

 

1

 

 

 

 

 

 

3,998

 

Municipal debt securities

 

 

1,565

 

 

 

 

 

 

1,565

 

 

 

Corporate debt securities

 

 

9,491

 

 

 

 

(6

)

 

 

 

9,485

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

57,757

 

 

8

 

 

(23

)

 

10,503

 

 

47,239

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

167,025

 

$

8

 

$

(23

)

$

119,771

 

$

47,239

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

June 30, 2015

 

 

 

 

 

 

 

 

 

Estimated Market Value

 

(in thousands)

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Cash and
Cash
Equivalents

 

Short-term
Investments

 

Cash

 

$

73,444

 

$

 

$

 

$

73,444

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

6,107

 

 

 

 

 

 

6,107

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

6,107

 

 

 

 

 

 

6,107

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

11,989

 

 

 

 

 

 

 

 

11,989

 

U.S. government agencies securities

 

 

21,999

 

 

6

 

 

(14

)

 

 

 

21,991

 

Non-U.S. government securities

 

 

1,504

 

 

 

 

(3

)

 

 

 

1,501

 

Corporate debt securities

 

 

28,891

 

 

 

 

(66

)

 

 

 

28,825

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

64,383

 

 

6

 

 

(83

)

 

 

 

64,306

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

143,934

 

$

6

 

$

(83

)

$

79,551

 

$

64,306

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

  

Schedule of contractual maturities of available-for-sale securities

 

                                                                                                                                                                                    

 

 

June 30, 2016

 

(in thousands)

 

Amortized
Cost

 

Fair
Value

 

Due in 1 year or less

 

$

24,091 

 

$

24,091 

 

Due in 1 - 2 years

 

 

23,163 

 

 

23,148 

 

Due in 2 - 3 years

 

 

 

 

 

​  

​  

​  

​  

 

 

$

47,254 

 

$

47,239 

 

​  

​  

​  

​  

​  

​  

​  

​  

    

Schedule of available-for-sale debt securities that were in a continuous unrealized loss position

 

                                                                                                                                                                                    

 

 

Less Than 12 Months

 

12 Months or Greater

 

Total

 

(in thousands)

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

(3

)

$

6,325

 

$

(3

)

$

3,160

 

$

(6

)

$

9,485

 

U.S. government agencies securities

 

 

 

 

 

 

(17

)

 

19,988

 

 

(17

)

 

19,988

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

(3

)

$

6,325

 

$

(20

)

$

23,148

 

$

(23

)

$

29,473

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

(45

)

$

23,428

 

$

(21

)

$

5,397

 

$

(66

)

$

28,825

 

U.S. government agencies securities

 

 

(1

)

 

11,004

 

 

(13

)

 

10,987

 

 

(14

)

 

21,991

 

Non—U.S. government securities

 

 

(3

)

 

1,501

 

 

 

 

 

 

(3

)

 

1,501

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

(49

)

$

35,933

 

$

(34

)

$

16,384

 

$

(83

)

$

52,317

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

     

Schedule of carrying values and estimated fair values of long-term debt that are measured on a non-recurring basis

 

                                                                                                                                                                                    

 

 

June 30, 2016

 

June 30, 2015

 

(in thousands)

 

Carrying
Value

 

Fair
Value

 

Carrying
Value

 

Fair
Value

 

3.75% Convertible Notes

 

$

36,400 

 

$

36,487 

 

$

92,863 

 

$

102,645 

 

3.50% Convertible Notes

 

 

43,195 

 

 

51,450 

 

 

42,332 

 

 

65,230 

 

3.50% Series A Convertible Notes

 

 

66,613 

 

 

81,053 

 

 

64,460 

 

 

102,760 

 

Secured Loan

 

 

64,204 

 

 

64,204 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

210,412 

 

$

233,194 

 

$

199,655 

 

$

270,635 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​