Investments & Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2017

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Schedule Of Financial Assets and Liabilities Carried At Fair Value

Our cash and investment portfolio consists of the following (in thousands):

	June 30, 2017
	Cost		Unrealized							Estimated Fair Value
			Gains		Losses			Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	577,632						$	577,632
Cash equivalents:
Money market funds	14,719		—		—			14,719		14,719
Certificate of deposit (1)	150		—		—			150				150
Municipal debt securities	115		—		—			115				115
Cash and cash equivalents	592,616		—		—			592,616		14,719		265		—
Short-term investments:
Certificate of deposit (1)	15,559		14		—			15,573				15,573
Government bonds	535		—		(3		)	532		532
U.S. Agency securities	9,214		—		(30		)	9,184		9,184
Commercial paper	20,596		2		(2		)	20,596				20,596
Corporate bonds	177,039		67		(216		)	176,890				176,890
Municipal debt securities	24,884		12		(6		)	24,890				24,890
Short-term investments	247,827		95		(257		)	247,665		9,716		237,949		—
Long-term investments:
Certificate of deposit (1)	24,046		8		(7		)	24,047				24,047
U.S. agency securities	18,304		—		(195		)	18,109		18,109
Government bonds	18,471		—		(184		)	18,287		18,287
Corporate bonds	201,043		322		(611		)	200,754				200,754
Municipal debt securities	37,799		34		(57		)	37,776				37,776
Other long-term investments (2)	4,002		345		—			4,347		345
Long-term investments	303,665		709		(1,054		)	303,320		36,741		262,577		—
Total cash, cash equivalents, and investments	$	1,144,108	$	804	$	(1,311	)	$	1,143,601	$	61,176	$	500,791	$	—
Investments held in supplemental retirement plan:
Assets	2,918							2,918		2,918
Included in prepaid expenses and other current assets & other non-current assets
Liabilities	2,918							2,918		2,918
Included in accrued liabilities & other non-current liabilities

(1) Certificates of deposit include marketable securities, while those with a maturity in excess of one year as of June 30, 2017 are classified within long-term investments.

(2) Other long-term investments as of June 30, 2017 include a marketable equity security of $0.3 million, and other investments that are not carried at fair value including an equity method investment of $0.5 million and two cost method equity investments of $3.0 million and $0.5 million. During the third quarter of fiscal 2017, we recorded a write-off charge to reduce the carrying value of a cost method equity investment to zero in recognition of an other-than-temporary impairment.

	September 30, 2016
	Cost		Unrealized							Estimated Fair Value
			Gains		Losses			Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	501,863						$	501,863
Cash equivalents:
Commercial paper	1,099		—		—			1,099				1,099
Corporate bonds	2,240		—		—			2,240				2,240
Money market funds	10,910		—		—			10,910		10,910
Cash and cash equivalents	516,112		—		—			516,112		10,910		3,339		—
Short-term investments:
Certificate of deposit (1)	13,912		6		—			13,918				13,918
Commercial paper	19,629		1		(10		)	19,620				19,620
Corporate bonds	63,762		24		(14		)	63,772				63,772
Municipal debt securities	24,334		—		(15		)	24,319				24,319
Short-term investments	121,637		31		(39		)	121,629		—		121,629		—
Long-term investments:
Certificate of deposit (1)	4,500		10		—			4,510				4,510
U.S. agency securities	27,536		24		(26		)	27,534		27,534
Government bonds	31,971		77		(12		)	32,036		32,036
Corporate bonds	295,921		715		(266		)	296,370				296,370
Municipal debt securities	30,090		28		(32		)	30,086				30,086
Other long-term investments (2)	3,002		366		—			3,368		366
Long-term investments	393,020		1,220		(336		)	393,904		59,936		330,966		—
Total cash, cash equivalents, and investments	$	1,030,769	$	1,251	$	(375	)	$	1,031,645	$	70,846	$	455,934	$	—
Investments held in supplemental retirement plan:
Assets	2,638							2,638		2,638
Included in prepaid expenses and other current assets & other non-current assets
Liabilities	2,638							2,638		2,638
Included in accrued liabilities & other non-current liabilities

(1) Certificates of deposit include marketable securities, while those with a maturity in excess of one year as of September 30, 2016 are classified within long-term investments.

(2) Other long-term investments as of September 30, 2016 include a marketable equity security of $0.4 million, and other investments that are not carried at fair value including an equity method investment of $0.5 million and two cost method equity investments of $2.0 million and $0.5 million.

	June 30, 2017
	Cost		Unrealized							Estimated Fair Value
			Gains		Losses			Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	577,632						$	577,632
Cash equivalents:
Money market funds	14,719		—		—			14,719		14,719
Certificate of deposit (1)	150		—		—			150				150
Municipal debt securities	115		—		—			115				115
Cash and cash equivalents	592,616		—		—			592,616		14,719		265		—
Short-term investments:
Certificate of deposit (1)	15,559		14		—			15,573				15,573
Government bonds	535		—		(3		)	532		532
U.S. Agency securities	9,214		—		(30		)	9,184		9,184
Commercial paper	20,596		2		(2		)	20,596				20,596
Corporate bonds	177,039		67		(216		)	176,890				176,890
Municipal debt securities	24,884		12		(6		)	24,890				24,890
Short-term investments	247,827		95		(257		)	247,665		9,716		237,949		—
Long-term investments:
Certificate of deposit (1)	24,046		8		(7		)	24,047				24,047
U.S. agency securities	18,304		—		(195		)	18,109		18,109
Government bonds	18,471		—		(184		)	18,287		18,287
Corporate bonds	201,043		322		(611		)	200,754				200,754
Municipal debt securities	37,799		34		(57		)	37,776				37,776
Other long-term investments (2)	4,002		345		—			4,347		345
Long-term investments	303,665		709		(1,054		)	303,320		36,741		262,577		—
Total cash, cash equivalents, and investments	$	1,144,108	$	804	$	(1,311	)	$	1,143,601	$	61,176	$	500,791	$	—
Investments held in supplemental retirement plan:
Assets	2,918							2,918		2,918
Included in prepaid expenses and other current assets & other non-current assets
Liabilities	2,918							2,918		2,918
Included in accrued liabilities & other non-current liabilities

(1) Certificates of deposit include marketable securities, while those with a maturity in excess of one year as of June 30, 2017 are classified within long-term investments.

(2) Other long-term investments as of June 30, 2017 include a marketable equity security of $0.3 million, and other investments that are not carried at fair value including an equity method investment of $0.5 million and two cost method equity investments of $3.0 million and $0.5 million. During the third quarter of fiscal 2017, we recorded a write-off charge to reduce the carrying value of a cost method equity investment to zero in recognition of an other-than-temporary impairment.

	September 30, 2016
	Cost		Unrealized							Estimated Fair Value
			Gains		Losses			Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	501,863						$	501,863
Cash equivalents:
Commercial paper	1,099		—		—			1,099				1,099
Corporate bonds	2,240		—		—			2,240				2,240
Money market funds	10,910		—		—			10,910		10,910
Cash and cash equivalents	516,112		—		—			516,112		10,910		3,339		—
Short-term investments:
Certificate of deposit (1)	13,912		6		—			13,918				13,918
Commercial paper	19,629		1		(10		)	19,620				19,620
Corporate bonds	63,762		24		(14		)	63,772				63,772
Municipal debt securities	24,334		—		(15		)	24,319				24,319
Short-term investments	121,637		31		(39		)	121,629		—		121,629		—
Long-term investments:
Certificate of deposit (1)	4,500		10		—			4,510				4,510
U.S. agency securities	27,536		24		(26		)	27,534		27,534
Government bonds	31,971		77		(12		)	32,036		32,036
Corporate bonds	295,921		715		(266		)	296,370				296,370
Municipal debt securities	30,090		28		(32		)	30,086				30,086
Other long-term investments (2)	3,002		366		—			3,368		366
Long-term investments	393,020		1,220		(336		)	393,904		59,936		330,966		—
Total cash, cash equivalents, and investments	$	1,030,769	$	1,251	$	(375	)	$	1,031,645	$	70,846	$	455,934	$	—
Investments held in supplemental retirement plan:
Assets	2,638							2,638		2,638
Included in prepaid expenses and other current assets & other non-current assets
Liabilities	2,638							2,638		2,638
Included in accrued liabilities & other non-current liabilities

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The following table presents the gross unrealized losses and fair value for those AFS securities that were in an unrealized loss position for less than twelve months and for twelve months or greater as of June 30, 2017 and September 30, 2016 (in thousands):

	June 30, 2017										September 30, 2016
	Less Than 12 Months					12 Months Or Greater					Less Than 12 Months					12 Months Or Greater
Investment Type	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Certificate of deposit	$	20,169	$	(7	)	$	—	$	—		$	—	$	—		$	—	$	—
U.S. agency securities	27,292		(225		)	—		—			22,988		(38		)	—		—
Government bonds	18,819		(187		)	—		—			—		—			—		—
Commercial paper	3,999		(2		)	—		—			11,479		(10		)	—		—
Corporate bonds	217,429		(815		)	2,399		(12		)	153,491		(280		)	1,000		—
Municipal debt securities	34,085		(63		)	—		—			35,625		(42		)	4,615		(5		)
Total	$	321,793	$	(1,299	)	$	2,399	$	(12	)	$	223,583	$	(370	)	$	5,615	$	(5	)

Available-for-sale Securities

The following table summarizes the amortized cost and estimated fair value of the AFS securities within our investment portfolio based on stated maturities as of June 30, 2017 and September 30, 2016, which are recorded within cash equivalents and both short and long-term investments in our consolidated balance sheets (in thousands):

	June 30, 2017				September 30, 2016
Range of maturity	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within 1 year	$	251,614	$	251,484	$	135,886	$	135,884
Due in 1 to 2 years	191,471		191,239		225,679		225,953
Due in 2 to 3 years	117,240		116,751		164,339		164,583
Total	$	560,325	$	559,474	$	525,904	$	526,420