根据第13和15（d）条的年度报告

Fair Value Measurements

v2.4.0.6
Fair Value Measurements
12 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]
Fair Value Measurements
公允价值测量
公司的金beplay官网ued融资产和负债是按公允价值衡量和记录的，除了私募公司的股权投资。这些股票投资通常是根据会计成本方法来考虑的，并在事件或情况表明价值可能发生的其他时间下降时，会定期评估其他比较损害。该公司的beplay官网ued非财务资产，例如商誉，无形资产以及土地，财产和设备，以成本记录，并在事件或情况表明可能发生其他超过周期性下降的价值下降时进行评估。
Fair Value Hierarchy. 公允价值测量的权威指南建立了公允价值层次结构，将用于衡量公允价值的估值技术优先考虑。层次结构对相同资产或负债（1级测量值）的活跃市场中未经调整的报价价格赋予了最高优先级，并且优先考虑了不可观察的投入（3级测量值）。公允价值层次结构的三个级别如下：
Level 1
Valuations based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access.
Level 2
Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.
Level 3
Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
All of the Company’s financial instruments were classified within Level 1 or Level 2 of the fair value hierarchy as of June 30, 2012 , because they were valued using quoted market prices, broker/dealer quotes, or alternative pricing sources with reasonable levels of price transparency. The types of instruments valued based on quoted market prices in active markets include money market funds, U.S. Government agency securities and certain U.S. Treasury securities and sovereign securities. Such instruments are generally classified within Level 1 of the fair value hierarchy.
The types of instruments valued based on other observable inputs include commercial paper, corporate debt securities, municipal securities and certain U.S. Treasury securities and sovereign securities. The market inputs used to value these instruments generally consist of market yields, reported trades and broker/dealer quotes. Such instruments are generally classified within Level 2 of the fair value hierarchy.
该公司的主要市场执行beplay官网uedits foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants usually are large commercial banks. The Company's foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy.
根据不可观察的投入价值的工具类型包括公司截至2010年6月30日之前和之前持有的拍卖利率证券。此类工具被分类为公允价值层次结构的第3级。beplay官网ued该公司使beplay官网ued用折现现金流模型估算了这些拍卖利率证券的公允价值，其中包含了市场参与者将在其公允价值估计中使用的假设。其中一些假设包括对现金流量的利率，时间和现金流量的估计以及拍卖利率证券的预期持有期。
金融资产（不包括运营帐户和时间存款中持有的现金）和以公允价值衡量以下日期以公允价值来衡量的负债，如下所示：beplay官网ued
As of June 30, 2012 (In thousands)
Total
Quoted Prices in
活跃的市场
相同
Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Assets
现金等价物：
Money market and other
$
607,038

$
607,038

$
-

Marketable securities:
U.S. Treasury securities
91,438

88,014

3,424

U.S. Government agency securities
634,492

634,492

-

Municipal securities
66,543

-

66,543

Corporate debt securities
917,392

-

917,392

Sovereign securities
29,145

10,129

19,016

Equity securities
10

10

-

Total cash equivalents and marketable securities(1)
2,346,058

1,339,683

1,006,375

Other current assets:
衍生资产
1,407

-

1,407

Other non-current assets:
Executive Deferred Savings Plan:
Money market and other
732

732

-

共同基金
124,622

94,572

30,050

Executive Deferred Savings Plan total
125,354

95,304

30,050

Total financial assets(1)
$
2,472,819

$
1,434,987

$
1,037,832

Other current liabilities:
导数负债
$
(1,909
）
$
-

$
(1,909
）
Total financial liabilities
$
(1,909
）
$
-

$
(1,909
）
__________________
(1) Excludes cash of $126.0 million held in operating accounts and time deposits of $62.4 million as of June 30, 2012 。
金融资产（不包括运营帐户和时间存款中持有的现金）和以公允价值衡量以下日期以公允价值来衡量的负债，如下所示：beplay官网ued
As of June 30, 2011 (In thousands)
Total
Quoted Prices in
活跃的市场
相同
Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Assets
现金等价物：
U.S. Treasury securities
$
4,400

$
-

$
4,400

U.S. Government agency securities
6,010

6,010

-

Corporate debt securities
21,982

-

21,982

Money market and other
481,770

481,770

-

Marketable securities:
U.S. Treasury securities
54,496

52,396

2,100

U.S. Government agency securities
314,173

314,173

-

Municipal securities
38,957

-

38,957

Corporate debt securities
853,403

-

853,403

Sovereign securities
32,086

14,696

17,390

Total cash equivalents and marketable securities(1)
1,807,277

869,045

938,232

Other current assets:
衍生资产
1,970

-

1,970

Other non-current assets:
Executive Deferred Savings Plan:
Money market and other
1,806

1,806

-

共同基金
126,227

95,971

30,256

Executive Deferred Savings Plan total
128,033

97,777

30,256

Total financial assets(1)
$
1,937,280

$
966,822

$
970,458

Other current liabilities:
导数负债
$
(2,127
）
$
-

$
(2,127
）
Total financial liabilities
$
(2,127
）
$
-

$
(2,127
）
__________________
(1) Excludes cash of $165.9 million held in operating accounts and time deposits of $65.4 million as of June 30, 2011 。

There were no transfers in and out of Level 1 and Level 2 fair value measurements during the fiscal years ended June 30, 2012 and 2011 。The Company did not have any assets or liabilities measured at fair value on a recurring basis within Level 3 fair value measurements as of June 30, 2012 or 2011 。
Changes in the Company's Level 3 securities for the indicated periods were as follows:
Year ended June 30,
(In thousands)
2012
2011
Beginning aggregate estimated fair value of Level 3 securities
$
-

$
16,825

Net settlements
-

（16,825
）
结束3级证券的总估计公允价值
$
-

$
-


During the fiscal year ended June 30, 2010 (and in prior fiscal years), the Company’s investment portfolio included auction rate securities, which were investments with contractual maturities generally between 20 to 30年 。In February 2008, because sell orders exceeded buy orders, auctions failed for approximately $48.2 million 该公司当时由公司持有的市政拍卖率证券的价值。beplay官网ued通过2008年8月8日的信件，公司收到了瑞银（UBS AG）（“ UBSbeplay官网ued”）的通知，该通知与瑞银（UBS）和某些监管机构之间的和解有关，旨在回购公司的所有拍卖利率以PAR价值为单位。该公司正beplay官网ued式接受了和解要约，并于2008年11月11日与瑞银签订了回购协议。2010年6月30日，瑞银回购了该公司的 $16.8 million of then-remaining auction rate securities at par value, and the repurchase was subsequently settled in July 2010.
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