Short-Term Investments (Tables)

3 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Short-term investments consisted of the following as of the dates presented (in thousands):


	September 30, 2022
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Corporate bonds	$	600,560	$	9	$	(5,283)	$	595,286
U.S. treasury securities	375,171		2		(2,823)		372,350
Asset-backed securities	21,193		—		(138)		21,055
Certificates of deposit	45,846		—		—		45,846
Total	$	1,042,770	$	11	$	(8,244)	$	1,034,537


	June 30, 2022
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Corporate bonds	$	601,987	$	3	$	(4,786)	$	597,204
U.S. treasury securities	424,644		1		(2,917)		421,728
Asset-backed securities	51,622		—		(216)		51,406
Certificates of deposit	38,155		—		—		38,155
Total	$	1,116,408	$	4	$	(7,919)	$	1,108,493

Schedule of Gross Unrealized Loss and Fair Values

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of the dates presented (in thousands):


	September 30, 2022
	Fair value		Unrealized losses
Corporate bonds	$	388,689	$	(5,283)
U.S. treasury securities	369,402		(2,823)
Asset backed securities	20,678		(138)
Total	$	778,769	$	(8,244)


	June 30, 2022
	Fair value		Unrealized losses
Corporate bonds	$	392,699	$	(4,786)
U.S. treasury securities	411,787		(2,917)
Asset backed securities	51,406		(216)
Total	$	855,892	$	(7,919)