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MARKETABLE SECURITIES
6 Months Ended
Dec. 31, 2014
MARKETABLE SECURITIES [Abstract]  
MARKETABLE SECURITIES

NOTE 3:- MARKETABLE SECURITIES

As of December 31, 2014, all of the Company's marketable securities were classified as available-for-sale.

  December 31, 2014 (Unaudited)   June 30, 2014
    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   $ 18,043     $ 1,054       $ (1,461 )     $ 17,636       $ 18,881     $ 2,522   $ (23 )   $ 21,380
Government debentures – fixed interest rate     357       3         (5 )       355         97       9     -       106
Corporate debentures – fixed interest rate     804       32         (34 )       802         452       54     -       506
    $ 19,204     $ 1,089       $ (1,500 )     $ 18,793       $ 19,430     $ 2,585   $ (23 )   $ 21,992
Available-for-sale - matures after one year through five years:                                                                  
Government debentures – fixed interest rate     2,274       35         (31 )       2,278         2,595       98     (1 )     2,692
Corporate debentures – fixed interest rate     4,462       95         (49 )       4,508         4,906       263     (5 )     5,164
    $ 6,736     $ 130         (80 )     $ 6,786       $ 7,501     $ 361   $ (6 )   $ 7,856
Available-for-sale - matures after five years through ten years:                                                                  
Corporate debentures – fixed interest rate     116       7         (1 )       122         94       19     -       113
    $ 116     $ 7       $ (1 )     $ 122       $ 94     $ 19   $    -     $ 113
    $ 26,056     $ 1,226       $ (1,581 )     $ 25,701       $ 27,025     $ 2,965   $ (29 )   $ 29,961


The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2014 and June 30, 2014, 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 December 31, 2014 (Unaudited)   $ 13,447   $ (1,561 )   $ 312     $ (18 )
As of June 30, 2014   $ 851   $ (17 )   $ 463     $ (12 )


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 and six-month periods ended December 31, 2014.