XML 38 R11.htm IDEA: XBRL DOCUMENT v2.4.1.9
MARKETABLE SECURITIES
 9 Months Ended
Mar. 31, 2015
MARKETABLE SECURITIES [Abstract]  
MARKETABLE SECURITIES

NOTE 3:- MARKETABLE SECURITIES

 

As of March 31, 2015, all of the Company's marketable securities were classified as available-for-sale.

 

 
March 31, 2015 (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   $ 12,090     $ 1,662     $ (133 )   $ 13,619     $ 18,881     $ 2,522     $ (23 )   $ 21,380  
Government debentures – fixed interest rate     292       2       (12 )     282       97       9       -       106  
Corporate debentures – fixed interest rate     1,111       29       (58 )     1,082       452       54       -       506  
    $ 13,493     $ 1,693     $ (203 )   $ 14,983     $ 19,430     $ 2,585     $ (23 )   $ 21,992  
Available-for-sale - matures after one year through five years:                                                                
Government debentures – fixed interest rate     2,247       33       (39 )     2,241       2,595       98       (1 )     2,692  
Corporate debentures – fixed interest rate     3,837       84       (37 )     3,884       4,906       263       (5 )     5,164  
    $ 6,084     $ 117     $ (76 )   $ 6,125     $ 7,501     $ 361     $ (6 )   $ 7,856  
Available-for-sale - matures after five years through ten years:                                                                
Corporate debentures – fixed interest rate     134       5       (1 )     138       94       19       -       113  
    $ 134     $ 5     $ (1 )   $ 138     $ 94     $ 19     $    -     $ 113  
    $ 19,711     $ 1,815     $ (280 )   $ 21,246     $ 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 March 31, 2015 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 March 31, 2015 (Unaudited)   $ 2,550   $ (260 )   $ 193     $ (20 )
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 nine-month periods ended March 31, 2015.