INVESTMENTS

6 Months Ended

Dec. 31, 2013

INVESTMENTS

INVESTMENTS

4. INVESTMENTS

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

	Amortized Cost		Unrealized Losses			Fair Value (net)
US corporate debt securities	$	15,276	$	(69	)	$	15,207
Total available-for-sale	$	15,276	$	(69	)	$	15,207

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

	Amortized Cost		Unrealized 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 December 31, 2013 or June 30, 2013. All $15.2 million in debt securities on hand as of December 31, 2013 will mature during the third quarter of fiscal 2014.

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 December 31, 2013 or June 30, 2013 no other-than-temporary impairment losses have been recorded with regard to securities.