SHORT-TERM INVESTMENTS

3 Months Ended

Jun. 30, 2019

Investments, Debt and Equity Securities [Abstract]

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS

Our Short-term investments consisted of the following:

	June 30, 2019
			Gross Unrealized
	Cost or Amortized Cost		Gains		Losses			Fair Value
Short-term investments
Bank time deposits	$	254,417	$	—	$	—		$	254,417
Available-for-sale securities:
Corporate bonds	259,496		1,280		(25		)	260,751
US Treasuries	35,388		64		(3		)	35,449
Commercial paper	7,036		—		—			7,036
Total Short-term investments	$	556,337	$	1,344	$	(28	)	$	557,653

 

	March 31, 2019
			Gross Unrealized
	Cost or Amortized Cost		Gains		Losses			Fair Value
Short-term investments
Bank time deposits	$	387,720	$	—	$	—		$	387,720
Available-for-sale securities:
Corporate bonds	295,526		742		(127		)	296,141
US Treasuries	55,656		27		(49		)	55,634
Commercial paper	4,990							4,990
Total short-term investments	$	743,892	$	769	$	(176	)	$	744,485

Based on our review of investments with unrealized losses, we did not consider these investments to be other-than-temporarily impaired as of June 30, 2019 or March 31, 2019. We do not intend to sell any of our investments with unrealized losses, nor is it more likely than not that we will be required to sell those investments.

The following table summarizes the contracted maturities of our short-term investments at June 30, 2019:

	June 30, 2019
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	468,915	$	469,523
Due in 1 - 2 years	87,422		88,130
Total short-term investments	$	556,337	$	557,653