FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2012

FAIR VALUE MEASUREMENTS

Schedule of financial assets and liabilities measured at fair value on recurring basis

	At December 31, 2012
	Carrying		Fair Value
	Amount		Total		Level 1		Level 2		Level 3
Assets (In thousands):
United States treasury bills(1)	$	524,982	$	524,982	$	524,982	$	—	$	—
Money market investments(1)	$	183	$	183	$	183	$	—	$	—
Marketable equity securities(2)	$	18,489	$	18,489	$	18,489	$	—	$	—
Total assets			$	543,654	$	543,654	$	—	$	—
Liabilities (In thousands):
Debt(3)	$	370,000	$	411,625	$	411,625	$	—	$	—
Total liabilities			$	411,625	$	411,625	$	—	$	—

(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.