Short-Term Investments	9 Months Ended
Mar. 31, 2016
Short-Term Investments	4. Short-Term Investments As of March 31, 2016 and June 30, 2015, the Company’s short-term investments consisted of $35.1 million and $45.1 million, respectively, in U.S. government securities. The short-term investments held as of March 31, 2016 and June 30, 2015 had maturity dates of less than one year, are considered to be “held to maturity” and are carried at amortized cost. Due to the short-term maturities of these instruments, the amortized cost approximates the related fair values. As of March 31, 2016 and June 30, 2015, the gross holding gains and losses were immaterial.

Short-Term Investments

9 Months Ended

Mar. 31, 2016

4. Short-Term Investments

As of March 31, 2016 and June 30, 2015, the Company’s short-term investments consisted of $35.1 million and $45.1 million, respectively, in U.S. government securities. The short-term investments held as of March 31, 2016 and June 30, 2015 had maturity dates of less than one year, are considered to be “held to maturity” and are carried at amortized cost. Due to the short-term maturities of these instruments, the amortized cost approximates the related fair values. As of March 31, 2016 and June 30, 2015, the gross holding gains and losses were immaterial.

- Definition

The entire disclosure for investments in certain debt and equity securities.

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