MARKETABLE SECURITIES

12 Months Ended

Jun. 30, 2013

NOTE 4:- MARKETABLE SECURITIES

As of June 30, 2013, all of the Company's marketable securities were classified as available-for-sale.

	June 30, 2013									June 30,2012
	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value		Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Available-for-sale - matures within one year:
Stock and index linked notes	$	4,023	$	234	$	(180	)	$	4,077	$	1,264	$	57	$	(56	)	$	1,265
Government debentures - fixed interest rate		329		21		-			350		57		-		-			57
Corporate debentures - fixed interest rate		508		30		(9	)		529		303		2		(2	)		303
	$	4,860	$	285	$	(189	)	$	4,956	$	1,624	$	59	$	(58	)	$	1,625
Available-for-sale - matures after one year through five years:
Government debentures - fixed interest rate		1,602		49		(12	)		1,639		1,417		12		(42	)		1,387
Corporate debentures - fixed interest rate		4,976		162		(77	)		5,061		2,829		20		(57	)		2,792
	$	6,578	$	211	$	(89	)	$	6,700	$	4,246	$	32	$	(99	)	$	4,179
Available-for-sale - matures after five years through ten years:
Government debentures - fixed interest rate		955		45		(14	)		986		467		-		(23	)		444
Corporate debentures - fixed interest rate		789		29		(19	)		799		816		3		(44	)		775
	$	1,744	$	74	$	(33	)	$	1,785	$	1,283	$	3	$	(67	)	$	1,219
Total	$	13,182	$	570	$	(311	)	$	13,441	$	7,153	$	94	$	(224	)	$	7,023

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2013 and June 30, 2012, and the length of time that those investments have been in a continuous loss position:

	Less than 12 months					12 months or greater
	Fair Value		Gross unrealized loss			Fair Value		Gross unrealized loss
As of June 30, 2013	$	5,122	$	(302	)	$	32	$	(9	)
As of June 30, 2012	$	4,127	$	(224	)	$	-	$	-

The Company typically invests in highly-rated securities. When evaluating the investments for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company's intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment's amortized cost basis. Based on the above factors, the Company concluded that unrealized losses on all available-for-sale securities were not other-than-temporary and no credit loss was present for any of its investments. As such, the Company did not recognize any impairment charges on outstanding securities during the year ended June 30, 2013.

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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