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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2014
FAIR VALUE MEASUREMENTS  
Schedule of financial assets measured at fair value on recurring basis

 

 
  At June 30, 2014  
 
   
  Fair Value  
 
  Carrying
Amount
 
 
  Total   Level 1   Level 2   Level 3  

Assets (In thousands):

                               

United States treasury bills(1)

  $ 499,992   $ 499,992   $ 499,992   $   $  

Marketable equity securities(2)

  $ 9,608   $ 9,608   $ 9,608   $   $  
                       

Total assets

        $ 509,600   $ 509,600   $   $  
                         
                         

Liabilities (In thousands):

                               

Debt(3)

  $ 388,860   $ 394,050   $ 394,050   $   $  
                       

Total liabilities

        $ 394,050   $ 394,050   $   $  
                         
                         

(1)
Included in Cash and equivalents in the Company's consolidated balance sheets.

(2)
Included in Available for sale securities in the Company's consolidated balance sheets.

(3)
Included in the carrying amount is the equity component of our 2019 Notes in the amount of $77 million, which is included within Additional paid-in capital in the Company's consolidated balance sheets.