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Marketable Investment Securities

3 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Marketable Investment Securities

(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, 2016 and June 30, 2016 were as follows:

		Amortized cost				Gross unrealized holding gains				Gross unrealized holding losses				Estimated fair value
At September 30, 2016:
Cash and cash equivalents:
Cash		$	61.1			$	—			$	—			$	61.1
Cash equivalents			25.8				—				—				25.8
Total cash and cash equivalents			86.9				—				—				86.9
Available-for-sale:
Corporate bonds and notes			45.4				0.1				—				45.5
Municipal bonds			52.2				0.1				—				52.3
Federal agency issues			12.6				—				—				12.6
US government securities			3.3				—				—				3.3
Total		$	200.4			$	0.2			$	—			$	200.6
		Amortized cost				Gross unrealized holding gains				Gross unrealized holding losses				Estimated fair value
At June 30, 2016:
Cash and cash equivalents:
Cash		$	66.1			$	—			$	—			$	66.1
Cash equivalents			2.4				—				—				2.4
Total cash and cash equivalents			68.5				—				—				68.5
Available-for-sale:
Corporate bonds and notes			50.8				0.2				—				51.0
Municipal bonds			85.4				0.2				—				85.6
Federal agency issues			25.5				—				—				25.5
US government securities			8.2				0.1				—				8.3
Total		$	238.4			$	0.5			$	—			$	238.9

Cash, cash equivalents, and maturities of debt securities classified as available-for-sale securities are as follows at September 30, 2016:

		Amortized				Estimated
		cost				fair value
Cash		$	61.1			$	61.1
Cash equivalents			25.8				25.8
Available-for-sale:
Due within one year			61.5				61.5
Due after one year through five years			52.0				52.2
Due after five years			—				—
Total		$	200.4			$	200.6

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- References

No definition available.

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-Glossary Debt Security
-URI http://asc.fasb.org/extlink&oid=6509901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27290-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27232-111563

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-Glossary Equity Security
-URI http://asc.fasb.org/extlink&oid=6511694

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27161-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27405-111563

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