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Table of Contents
Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2015 (in thousands):
Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2014 (in thousands):
The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-
term investments
based on stated maturities as of June 30, 2015 (in thousands):
Declines in fair value judged to be other-than-temporary on securities available for sale are included as a component of other income, net.
In order to determine whether a decline in value is other-than-temporary, we evaluate, among other factors: the duration and extent to which the
fair value has been less than the carrying value and our intent and ability to retain the investment for a period of time sufficient to allow for any
anticipated recovery in fair market value. As of June 30, 2015 and 2014 , we did not consider any of our investments to be other-than-
temporarily impaired.
3. Cash, cash equivalents and short-
term investments
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Cash
$
10,806
$
—
$
—
$
10,806
Cash equivalents:
Money market mutual funds
7,915
—
—
7,915
Total cash equivalents
7,915
—
—
7,915
Total cash and cash equivalents
18,721
—
—
18,721
Short-term securities:
Asset-backed securities
16,977
9
(3
)
16,983
Municipal securities
10,018
8
(9
)
10,017
Commercial paper
1,996
2
—
1,998
Agency bonds
7,642
6
(2
)
7,646
Corporate bonds
64,587
39
(75
)
64,551
Total short-term investments
101,220
64
(89
)
101,195
Cash, cash equivalents and short-term investments
$
119,941
$
64
$
(89
)
$
119,916
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Cash
$
12,912
$
—
$
—
$
12,912
Cash equivalents:
Money market mutual funds
622
—
—
622
Commercial paper
1,000
1,000
Total cash equivalents
1,622
—
—
1,622
Total cash and cash equivalents
14,534
—
—
14,534
Short-term investments:
Municipal securities
96,522
330
(4
)
96,848
Commercial paper
997
2
—
999
Corporate bonds
24,402
68
(2
)
24,468
Total short-term investments
121,921
400
(6
)
122,315
Cash, cash equivalents and short-term investments
$
136,455
$
400
$
(6
)
$
136,849
Amortized
Cost
Estimated
Fair Value
Due within one year
$
42,531
$
42,524
Due between one and two years
41,185
41,171
Due after two years
17,504
17,500
Total
$
101,220
$
101,195