Marketable Investment Securities

3 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

(3)

MARKETABLE INVESTMENT SECURITIES

The Company has classified its marketable investment securities as available-for-sale securities. These securities are carried at estimated fair value with unrealized holding gains and losses, net of the related tax effect, included in accumulated other comprehensive loss in stockholders’ equity until realized. Gains and losses on investment security transactions are reported on the specific-identification method. Dividend and interest income are recognized when earned. The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of security at September 30, 2015 and June 30, 2015 were as follows:


	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses			Estimated fair value
At September 30, 2015:
Cash and cash equivalents:
Cash	$	67.7	$	—	$	—		$	67.7
Cash equivalents		19.7		—		—			19.7

Total cash and cash equivalents		87.4		—		—			87.4

Available-for-sale:
Corporate bonds and notes		30.6		—		—			30.6
Municipal bonds		57.4		0.2					57.6
Federal agency issues		22.9		—		—			22.9

Total	$	198.3	$	0.2	$	—		$	198.5


	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses			Estimated fair value
At June 30, 2015:
Cash and cash equivalents:
Cash	$	54.7	$	—	$	—		$	54.7
Cash equivalents		9.4		—		—			9.4

Total cash and cash equivalents		64.1		—		—			64.1

Available-for-sale:
Corporate bonds and notes		41.8		—		—			41.8
Municipal bonds		66.3		0.1		(0.1	)		66.3
Federal agency issues		13.2		—		—			13.2

Total	$	185.4	$	0.1	$	(0.1	)	$	185.4

Cash, cash equivalents, and maturities of debt securities classified as available-for-sale securities are as follows at September 30, 2015:


	Amortized cost		Estimated fair value
Cash	$	67.7	$	67.7
Cash equivalents		19.7		19.7
Available-for-sale:
Due within one year		68.0		68.0
Due after one year through five years		42.9		43.1
Due after five years		—		—

Total	$	198.3	$	198.5

- Definition

The entire disclosure for investments in certain debt and equity securities.

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