INVESTMENTS

12 Months Ended

Jun. 30, 2012

INVESTMENTS

INVESTMENTS

4. INVESTMENTS

        During the fourth quarter of fiscal 2011, we purchased $55.7 million in debt securities which were classified as available-for-sale. These securities were subsequently sold during the second and third quarters of fiscal 2012, resulting in a realized loss of $0.4 million, compared to interest income earned over the life of the investments of $0.6 million. No investments were held as of June 30, 2012.

        The following is a summary of available-for-sale securities as of June 30, 2011:

(in thousands)	Amortized Cost		Unrealized gains (losses)			Fair Value (net)
US corporate debt securities	$	55,717	$	(349	)	$	55,368
Total debt securities		55,717		(349	)		55,368
Equity securities		—		—			—
Total available-for-sale	$	55,717	$	(349	)	$	55,368

        The Company had no securities classified as held-to-maturity as of June 30, 2012 and 2011.