Annual report pursuant to Section 13 and 15(d)

公允价值测量

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公允价值测量
12 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]
公允价值测量
FAIR VALUE MEASUREMENTS
The Company’s financial assets and liabilities are measured and recorded at fair value, except for equity investments in privately-held companies. These equity investments are generally accounted for under the cost method of accounting and are periodically assessed for other-than-temporary impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. The Company’s non-financial assets, such as goodwill, intangible assets, and land, property and equipment, are recorded at cost and are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred.
金融工具的公允价值。 KLA-Tencor评估了第三方来源提供的可用市场信息和估值的金融工具的估计公允价值。使用不同的市场假设和/或估计方法可能对估计的公允价值相比具有显着影响。公司的现金等价物，应收账款，应付账款及其他流beplay官网ued动负债的公允价值接近其账面金额，由于这些项目的成熟度相对较短。
公允价值层次结构。 The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
1级
根据实体有能力访问的相同资产或负债的主动市场中的报价价格估值。
Level 2
基于类似资产或负债的报价价格的估值，在不活跃的市场或可观察到的其他投入或可观察到的其他投入或可观察到的资产数据，以获得基本上的资产或负债的责任。
Level 3
基于投入的估值，这些输入支持很少或没有市场活动，这对资产或负债的公允价值具有重要意义。
公允价值层次结构内的金融仪器的水平基于任何对公允价值计量的重要输入的最低级别。
All of the Company’s financial instruments were classified within Level 1 or Level 2 of the fair value hierarchy as of June 30, 2014 , because they were valued using quoted market prices, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency. As of June 30, 2014 , the types of instruments valued based on quoted market prices in active markets included money market funds and certain U.S. Government agency securities, U.S. Treasury securities and sovereign securities. Such instruments are generally classified within Level 1 of the fair value hierarchy.
As of June 30, 2014 , the types of instruments valued based on other observable inputs included corporate debt securities, municipal securities and certain U.S. Government agency securities, 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.
The principal market in which the Company executes its 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.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on the Company's Consolidated Balance Sheet as follows:
As of June 30, 2014 (In thousands)
Total
Quoted Prices in
Active Markets
for Identical
资产(Level 1)
重要的另一半
可观察的投入
(Level 2)
资产
Cash equivalents:
美国政府机构证券
$
28,000

$
8,000

$
20,000

市证券
2891年

—

2891年

Corporate debt securities
68,992

—

68,992

Money market and other
397,517

397,517

—

Marketable securities:
U.S. Treasury securities
384,400

365,401

18,999

美国政府机构证券
839,843

811,841

28,002

市证券
93325年

—

93325年

Corporate debt securities
1,155,176

—

1,155,176

Sovereign securities
42,264

9,253

33,011

Total cash equivalents and marketable securities (1)
3,012,408

1,592,012

1,420,396

Other current assets:
Derivative assets
666

—

666

其他非流动资产：
Executive Deferred Savings Plan
159,995

105,311

54,684

总金融资产 (1)
$
3,173,069

$
1,697,323

$
1,475,746

Liabilities
Other current liabilities:
Derivative liabilities
$
(898
)
$
—

$
(898
)
Total financial liabilities
$
(898
)
$
—

$
(898
)
__________________
(1) Excludes cash of $106.7 million held in operating accounts and time deposits of 3350万美元 作为 June 30, 2014 。
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on the Company's Consolidated Balance Sheet as follows:
截至2013年6月30日（成千上万）
Total
Quoted Prices in
Active Markets
for Identical
资产(Level 1)
重要的另一半
可观察的投入
(Level 2)
资产
Cash equivalents:
Corporate debt securities
$
3,800

$
—

$
3,800

Money market and other
817,608

817,608

—

Marketable securities:
U.S. Treasury securities
93,787

93,787

—

美国政府机构证券
598,031.

598,031.

—

市证券
103,455

—

103,455

Corporate debt securities
1,099,525

—

1,099,525

Sovereign securities
33,805

13,559

20,246

Total cash equivalents and marketable securities (1)
2,750,011

1,522,985

1,227,026

Other current assets:
Derivative assets
4,016

—

4,016

其他非流动资产：
Executive Deferred Savings Plan
136,461

96,180

40,281

总金融资产 (1)
$
2,890,488

$
1,619,165

$
1,271,323

Liabilities
Other current liabilities:
Derivative liabilities
$
(2,173
)
$
—

$
(2,173
)
Total financial liabilities
$
(2,173
)
$
—

$
(2,173
)
__________________
(1) Excludes cash of $125.5 million held in operating accounts and time deposits of $43.4 million 作为 June 30, 2013 。

There were no transfers in and out of Level 1 and Level 2 fair value measurements during the fiscal year ended June 30, 2014年 or 2013年 。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, 2014年 or 2013年 。
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