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MARKETABLE SECURITIES
3 Months Ended
Sep. 30, 2013
MARKETABLE SECURITIES [Abstract]  
MARKETABLE SECURITIES
NOTE 3:- MARKETABLE SECURITIES

As of September 30, 2013, all of the Company's marketable securities were classified as available-for-sale.
 
   
September 30, 2013 (Unaudited)
   
June 30, 2013
 
   
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
  $ 5,624     $ 361     $ (62 )   $ 5,923     $ 4,023     $ 234     $ (180 )   $ 4,077  
Government debentures - fixed interest rate
    163       24       (1 )     186       329       21       -       350  
Corporate debentures - fixed interest rate
    681       42       (6 )     717       508       30       (9 )     529  
    $ 6,468     $ 427     $ (69 )   $ 6,826     $ 4,860     $ 285     $ (189 )   $ 4,956  
Available-for-sale - matures after one year through five years:
                                                               
Government debentures - fixed interest rate
    2,387       60       (5 )     2,442       1,602       49       (12 )     1,639  
Corporate debentures - fixed interest rate
    5,069       235       (44 )     5,260       4,976       162       (77 )     5,061  
    $ 7,456     $ 295     $ (49 )   $ 7,702     $ 6,578     $ 211     $ (89 )   $ 6,700  
Available-for-sale - matures after five years through ten years:
                                                               
Government debentures - fixed interest rate
  $ 621     $ 30     $ (9 )   $ 642     $ 955     $ 45     $ (14 )   $ 986  
Corporate debentures - fixed interest rate
    817       39       (10 )     846       789       29       (19 )     799  
    $ 1,438     $ 69     $ (19 )   $ 1,488     $ 1,744     $ 74     $ (33 )   $ 1,785  
    $ 15,362     $ 791     $ (137 )   $ 16,016     $ 13,182     $ 570     $ (311 )   $ 13,441  
 
The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of September 30, 2013 and June 30, 2013, 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 September 30, 2013 (Unaudited)
  $ 4,123     $ (131 )   $ 21     $ (6 )
As of June 30, 2013
  $ 5,122     $ (302 )   $ 32     $ (9 )

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 three months ended September 30, 2013.