INVESTMENTS

12 Months Ended

Jun. 30, 2014

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. These securities matured during the third quarter of fiscal 2014. No investments were held as of June 30, 2014.

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, 2014 and 2013.

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.