INVESTMENTS

12 Months Ended

Jun. 30, 2013

INVESTMENTS

INVESTMENTS

4. INVESTMENTS

        During the third and fourth quarters of fiscal 2013, we purchased a total of $15.5 million in debt securities which were classified as available-for-sale.

        The following is a summary of available-for-sale securities as of June 30, 2013 (in thousands):

	Amortized Cost		Unrealized gains (losses)			Fair Value (net)
US corporate debt securities	$	15,477	$	(94	)	$	15,383
Total available-for-sale	$	15,477	$	(94	)	$	15,383

        We had no securities classified as held-to-maturity as of June 30, 2013 and 2012. All $15.4 million in debt securities on hand as of June 30, 2013 will mature within one year or less.

        At each reporting date, the Company performs an evaluation of debt and equity securities to determine if the unrealized losses are other-than-temporary. As of June 30, 2013, no other-than-temporary losses have been recorded with regard to securities on hand as of June 30, 2013.