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MARKETABLE SECURITIES (Tables)

9 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Marketable Securities

The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:

As of March 31, 2021 (In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Corporate debt securities			$	443,407					$	840					$	(180)					$	444,067
Money market funds and other			723,040						—						—						723,040
Municipal securities			68,686						137						(20)						68,803
Sovereign securities			3,050						7						—						3,057
U.S. Government agency securities			147,483						226						(36)						147,673
U.S. Treasury securities			239,403						376						(29)						239,750
Subtotal			1,625,069						1,586						(265)						1,626,390
Add: Time deposits(1)			161,819						—						—						161,819
Less: Cash equivalents			797,635						—						(1)						797,634
Marketable securities			$	989,253					$	1,586					$	(264)					$	990,575

As of June 30, 2020 (In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Corporate debt securities			$	379,334					$	2,673					$	(50)					$	381,957
Money market funds and other			694,950						—						—						694,950
Municipal securities			28,859						251						—						29,110
Sovereign securities			2,009						8						—						2,017
U.S. Government agency securities			106,091						252						(7)						106,336
U.S. Treasury securities			179,631						1,564						(2)						181,193
Subtotal			1,390,874						4,748						(59)						1,395,563
Add: Time deposits(1)			124,153						—						—						124,153
Less: Cash equivalents			773,653						—						—						773,653
Marketable securities			$	741,374					$	4,748					$	(59)					$	746,063

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(1) Time deposits excluded from fair value measurements.

Schedule of Investments with Gross Unrealized Losses

The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the date indicated below, none of which were in a continuous loss position for 12 months or more:

As of March 31, 2021 (In thousands)			Fair Value						Gross Unrealized Losses
Corporate debt securities			$	148,564					$	(180)
Municipal securities			20,951						(20)
U.S. Government agency securities			26,482						(36)
U.S. Treasury securities			69,293						(29)
Total			$	265,290					$	(265)

As of June 30, 2020 (In thousands)			Fair Value						Gross Unrealized Losses
Corporate debt securities			$	44,429					$	(50)
Municipal securities			870						—
U.S. Government agency securities			9,951						(7)
U.S. Treasury securities			19,010						(2)
Total			$	74,260					$	(59)

Schedule of Contractual Maturities of Securities

The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows:

As of March 31, 2021 (In thousands)			Amortized Cost						Fair Value
Due within one year			$	512,121					$	513,136
Due after one year through three years			477,132						477,439
			$	989,253					$	990,575

As of June 30, 2020 (In thousands)			Amortized Cost						Fair Value
Due within one year			$	415,915					$	418,169
Due after one year through three years			325,459						327,894
			$	741,374					$	746,063

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563

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