MARKETABLE SECURITIES

9 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

NOTE 2:- MARKETABLE SECURITIES

The following is a summary of available-for-sale marketable securities at March 31, 2016 (unaudited):

	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Corporate bonds	$	82,183	$	55	$	36	$	82,202
Governmental bonds	$	5,015	$	3	$	10	$	5,008
	$	87,198	$	58	$	46	$	87,210

As of June 30, 2015, the Company had no investments in marketable securities.

The amortized cost of available-for-sale marketable securities at March 31, 2016, by contractual maturities, is shown below:

	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Due in one year or less	$	44,050	$	21	$	12	$	44,059
Due after one year to two years	$	43,148	$	37	$	34	$	43,151
	$	87,198	$	58	$	46	$	87,210

As of March 31, 2016, management believes the impairments are not other than temporary and therefore the impairment losses were recorded in accumulated other comprehensive income (loss). The Company has no intent to sell these securities and it is more likely than not that the Company will not be required to sell these securities prior to the recovery of the entire amortized cost basis.

As of March 31, 2016 (unaudited), there was 32 securities in a loss position.

The total fair value of marketable securities with outstanding unrealized losses as of March 31, 2016 (unaudited) amounted to $40,147, while the unrealized losses for these marketable securities amounted to $46.