XML 25 R19.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Marketable Securities (Tables)
 3 Months Ended
Jul. 31, 2011
Marketable Securities  
Summary Of Assets Measured At Fair Value On Recurring Basis

As of July 31, 2011, marketable securities consisted of the following:

 

     Trading     Available-for-
Sale (2)		     Total  
     (in thousands)  

Mutual funds (1)

    $ 79,177      $ —        $ 79,177   

Corporate bonds

      —          42,681        42,681   

U.S. Treasury and agency securities

      —          2,417        2,417   
  

 

 

    

 

 

    

 

 

  

Total

      79,177        45,098        124,275   

Less: current portion of marketable securities

      (5,689 )      (15,543 )      (21,232 ) 
  

 

 

    

 

 

    

 

 

  

Non-current marketable securities

    $ 73,488      $ 29,555      $ 103,043   
  

 

 

    

 

 

    

 

 

  

As of April 30, 2011, marketable securities consisted of the following:

 

     Trading     Available-for-
Sale (2)		     Total  
     (in thousands)  

Mutual funds (1)

    $ 71,363      $ —        $ 71,363   

Corporate bonds

      —          40,444        40,444   

U.S. Treasury and agency securities

      —          9,424        9,424   

Commercial paper

      —          1,000        1,000   
  

 

 

    

 

 

    

 

 

  

Total

      71,363        50,868        122,231   

Less: current portion of marketable securities

      (5,081 )      (15,787 )      (20,868 ) 
  

 

 

    

 

 

    

 

 

  

Non-current marketable securities

    $ 66,282      $ 35,081      $ 101,363   
  

 

 

    

 

 

    

 

 

  

(1) These investments are held in trust for settlement of the Company's obligations under certain of its deferred compensation plans with $5.7 million and $5.1 million classified as current assets as of July 31, 2011 and April 30, 2011, respectively (see Note 7).
(2) These securities represent excess cash invested, under our investment policy, with a professional money manager.
Schedule Of Amortized Cost And Fair Values Of Marketable Securities Classified As Available For Sale Investments
     July 31, 2011  
     Amortized
Cost		      Gross
Unrealized
Gains		      Gross
Unrealized
Losses (1) 		    Estimated
Fair  Value		  
     (in thousands)  

Corporate bonds

    $ 42,596       $ 118       $ (33 )    $ 42,681   

U.S. Treasury and agency securities

      2,411         6         —          2,417   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total

    $ 45,007       $ 124       $ (33 )    $ 45,098   
  

 

 

     

 

 

     

 

 

    

 

 

  

 

     April 30, 2011  
     Amortized
Cost		      Gross
Unrealized
Gains		      Gross
Unrealized
Losses (1) 		    Estimated
Fair  Value		  
     (in thousands)  

Corporate bonds

    $ 40,369       $ 107       $ (32 )    $ 40,444   

U.S. Treasury and agency securities

      9,427         10         (13 )      9,424   

Commercial paper

      1,000         —           —          1,000   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total

    $ 50,796       $ 117       $ (45 )    $ 50,868   
  

 

 

     

 

 

     

 

 

    

 

 

  

(1) There are no marketable securities that have been in a continuous unrealized loss position for 12 months or more.
Summary Of Financial Assets Measured At Fair Value
     July 31, 2011  
     Total      Level 1      Level 2      Level 3  
     (in thousands)  

Cash equivalents, including restricted cash

    $ 49,252       $ 49,252       $ —         $ —     

Mutual funds

      79,177         79,177         —           —     

Corporate bonds

      42,681         —           42,681         —     

U.S. Treasury and agency securities

      2,417         —           2,417         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 173,527       $ 128,429       $ 45,098       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

  
     April 30, 2011  
     Total      Level 1      Level 2      Level 3  
     (in thousands)  

Cash equivalents, including restricted cash

    $ 120,840       $ 120,840       $ —         $ —     

Mutual funds

      71,363         71,363         —           —     

Corporate bonds

      40,444         —           40,444         —     

U.S. Treasury and agency securities

      9,424         —           9,424         —     

Commercial paper

      1,000         —           1,000         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 243,071       $ 192,203       $ 50,868       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

  

 

The following table presents the Company's assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the periods indicated:

 

     July 31,  

Auction Rate Securities

    2011      2010  
     (in thousands)  

Balance, beginning of period

    $ —         $ 8,200   

Auction rate securities put option

      —           (745 ) 

Realized gain included in operations

      —           745   

Sale of securities

      —           (8,200 ) 
  

 

 

     

 

 

  

Balance, end of period

    $ —         $ —     
  

 

 

     

 

 
Summary Of Assets Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs
     July 31,  

Auction Rate Securities

    2011      2010  
     (in thousands)  

Balance, beginning of period

    $ —         $ 8,200   

Auction rate securities put option

      —           (745 ) 

Realized gain included in operations

      —           745   

Sale of securities

      —           (8,200 ) 
  

 

 

     

 

 

  

Balance, end of period

    $ —         $ —