INVESTMENTS IN MARKETABLE DEBT SECURITIES (Tables)

12 Months Ended

Jun. 30, 2024

INVESTMENTS IN MARKETABLE DEBT SECURITIES

Schedule of investments in marketable debt securities

Investments in marketable debt securities are classified as follows in the consolidated balance sheets as of June 30, 2024 and 2023 (in thousands):

	2024		2023
Short-term investments	$	56,478	$	85,860
Long-term investments		263		16,470
Total investments	$	56,741	$	102,330

Summary of unrealized gains and losses that result in differences between the amortized cost basis and fair value of the Company's marketable debt securities

The following table summarizes the unrealized gains and losses that result in differences between the amortized cost basis and fair value of the Company’s marketable debt securities held as of June 30, 2024 (in thousands):

			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Corporate commercial paper	$	20,941	$	—	$	(12)	$	20,929
Obligations of U.S. government agencies		2,001		—		(4)		1,997
U.S. Treasury obligations		2,727		—		(7)		2,720
Corporate notes and bonds		30,888		—		(56)		30,832
Asset-backed securities		263		—		—		263
Total	$	56,820	$	—	$	(79)	$	56,741

The following table summarizes the unrealized gains and losses that result in differences between the amortized cost basis and fair value of the Company’s marketable debt securities held as of June 30, 2023 (in thousands):

			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Corporate commercial paper	$	41,670	$	—	$	(73)	$	41,597
Obligations of U.S. government agencies		26,565		—		(170)		26,395
U.S. Treasury obligations		10,416		2		(14)		10,404
Corporate notes and bonds		19,253		1		(14)		19,240
Asset-backed securities		4,777		—		(83)		4,694
Total	$	102,681	$	3	$	(354)	$	102,330