Plantronics 2014 Annual Report Download - page 66

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54
4. CASH, CASH EQUIVALENTS, AND INVESTMENTS
The following tables summarize the Company’s cash and available-for-sale securities’ adjusted cost, gross unrealized gains, gross
unrealized losses, and fair value by significant investment category recorded as cash and cash equivalents, short-term, or long-
term investments as of March 31, 2014 and 2013 (in thousands):
March 31, 2014
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash &
Cash
Equivalents
Short-term
investments
(due in 1
year or less)
Long-term
investments
(due in 1 to
3 years)
Cash $ 232,704 $ — $ — $ 232,704 $ 232,704 $ — $ —
Level 1:
Mutual Funds 1,779 31 (3) 1,807 — 1,807 —
Level 2:
Government Agency
Securities 53,976 43 (9) 54,010 — 21,325 32,685
Commercial Paper 47,766 7 — 47,773 — 47,773 —
Corporate Bonds 98,289 195 (17) 98,467 — 30,810 67,657
Certificates of
Deposits ("CDs") 1,002 — — 1,002 — 1,002 —
Subtotal 201,033 245 (26) 201,252 — 100,910 100,342
Total cash, cash
equivalents
and investments
measured at fair value $ 435,516 $ 276 $ (29) $ 435,763 $ 232,704 $ 102,717 $ 100,342
March 31, 2013
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash &
Cash
Equivalents
Short-term
investments
(due in 1
year or less)
Long-term
investments
(due in 1 to
3 years)
Cash $ 118,881 $ — $ — $ 118,881 $ 118,881 $ — $ —
Level 1:
U.S. Treasury Bills
and Government
Agency Securities 135,120 22 — 135,142 104,995 7,243 22,904
Level 2:
U.S. Treasury Bills
and Government
Agency Securities 91,284 38 (4) 91,318 — 58,864 32,454
Commercial Paper 20,570 9 — 20,579 4,900 15,679 —
Corporate Bonds 58,644 54 (5) 58,693 — 34,795 23,898
CDs 1,002 3 — 1,005 — — 1,005
Subtotal 171,500 104 (9) 171,595 4,900 109,338 57,357
Total cash, cash
equivalents
and investments
measured at fair value $ 425,501 $ 126 $ (9) $ 425,618 $ 228,776 $ 116,581 $ 80,261
As of March 31, 2014 and 2013, all of the Company's investments are classified as available-for-sale securities. The carrying
value of available-for-sale securities included in cash equivalents approximates fair value because of the short maturity of those
instruments.
The Company did not incur any material realized or unrealized net gains or losses for the fiscal years ended March 31, 2014 and
2013.
There were no transfers between fair value measurement levels during the years ended March 31, 2014 and 2013.