INVESTMENTS

9 Months Ended

Mar. 31, 2013

INVESTMENTS

INVESTMENTS

4. INVESTMENTS

The following is a summary of available-for-sale securities (in thousands) as of March 31, 2013:

	Amortized Cost		Unrealized gains (losses)			Fair Value (net)
US corporate debt securities	$	5,090	$	(5	)	$	5,085
Total available-for-sale	$	5,090	$	(5	)	$	5,085

We had no securities classified as held-to-maturity as of March 31, 2013. All $5.1 million in debt securities on hand as of March 31, 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 March 31, 2013 no other-than-temporary impairment losses have been recorded with regard to securities on hand as of March 31, 2013.