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Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2017
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

 

        The following tables summarize the amortized cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category for cash, cash equivalents and short-term investments (in thousands):

                                                                                                                                                                                    

 

 

June 30, 2017

 

 

 

 

 

 

 

 

 

Estimated Fair Value

 

 

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Cash and
Cash
Equivalents

 

Short-term
Investments

 

Cash

 

$

70,515

 

$

 

$

 

$

70,515

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

1,569

 

 

 

 

 

 

1,569

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

 

23,998

 

 

 

 

(89

)

 

 

 

23,909

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

96,082

 

$

 

$

(89

)

$

72,084

 

$

23,909

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

June 30, 2016

 

 

 

 

 

 

 

 

 

Estimated Fair Value

 

 

 

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 agency 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

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of contractual maturities of available-for-sale securities

 

        Contractual maturities of available-for-sale securities at June 30, 2017 were as follows (in thousands):

                                                                                                                                                                                    

 

 

June 30, 2017

 

 

 

Amortized
Cost

 

Estimated
Fair Value

 

Due in 1 year or less

 

$

12,000

 

$

11,970

 

Due in 1 - 2 years

 

 

11,998

 

 

11,939

 

​  

​  

​  

​  

Total

 

$

23,998

 

$

23,909

 

​  

​  

​  

​  

​  

​  

​  

​  

 

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

 

        The following table summarizes our available-for-sale debt securities that were in a continuous unrealized loss position, but were not deemed to be other-than-temporarily impaired (in thousands):

                                                                                                                                                                                    

 

 

Less Than 12 Months

 

12 Months or Greater

 

Total

 

 

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U. S. government agency securities

 

$

(31

)

$

11,970

 

$

(58

)

$

11,939

 

$

(89

)

$

23,909

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

(31

)

$

11,970

 

$

(58

)

$

11,939

 

$

(89

)

$

23,909

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

(3

)

$

6,325

 

$

(3

)

$

3,160

 

$

(6

)

$

9,485

 

U. S. government agency securities

 

 

 

 

 

 

(17

)

 

19,988

 

 

(17

)

 

19,988

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

(3

)

$

6,325

 

$

(20

)

$

23,148

 

$

(23

)

$

29,473

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

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

                                                                                                                                                                                    

 

 

June 30, 2017

 

June 30, 2016

 

 

 

Carrying Value

 

Fair Value

 

Carrying Value

 

Fair Value

 

3.75% Convertible Notes

 

$

 

$

 

$

36,400

 

$

36,487

 

3.50% Convertible Notes

 

 

44,099

 

 

48,146

 

 

43,195

 

 

51,450

 

3.50% Series A Convertible Notes

 

 

68,924

 

 

74,982

 

 

66,613

 

 

81,053

 

Secured Loan

 

 

 

 

 

 

 

64,204

 

 

64,204

 

Revolver Credit Facility

 

 

51,548

 

 

51,548

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

164,571

 

$

174,676

 

$

210,412

 

$

233,194

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​