v3.7.0.1
CASH EQUIVALENTS AND INVESTMENTS
 6 Months Ended
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Cash, Cash Equivalents, and Short-term Investments
CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

The Company started to invest in available-for-sale securities in the third quarter of fiscal 2016. The following table summarizes the Company’s available-for-sale securities at the end of the second quarter of fiscal 2017 and at the end of fiscal 2016.
 
Second Quarter of Fiscal 2017
 
At the end of Fiscal 2016
(In millions)
 
 
 
Available-for-sale securities:
 
 
 
  U.S. Treasury securities
$
11.7

 
$
11.7

  Municipal debt securities
—

 
10.0

  Corporate debt securities
73.9

 
31.7

Time deposit
—

 
2.4

  Commercial paper
28.8

 
77.5

       Total available-for-sale securities
$
114.4

 
$
133.3

 
 
 
 
Reported as:
 
 
 
Cash equivalents
$
13.2

 
$
22.2

Short-term investments
101.2

 
111.1

    Total
$
114.4

 
$
133.3



The Company did not realize any gains or losses on its available-for-sale securities during the second quarter of 2017, and the net unrealized loss was $0.1 million which was included in Accumulated other comprehensive loss at the end of the second quarter of 2017.

The following table presents the contractual maturities of the Company's available-for-sale investments at the end of the second quarter of fiscal 2017.
 
Second Quarter of Fiscal 2017
(In millions)
Amortized Cost
Due in less than 1 year
$
106.2

Due in 1 to 5 years
8.2

Due in 5-10 years
—

Due after 10 years
—

     Total
$
114.4



The Company’s available-for-sale securities are liquid and may be sold in the future to fund future operating needs. As a result, the Company recorded all of its available-for-sale securities, not classified as Cash equivalents, in Short-term investments regardless of the contractual maturity date of the securities.