XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
AVAILABLE-FOR-SALE-SECURITIES
 9 Months Ended
Jun. 30, 2018
AVAILABLE FOR SALE SECURITIES [Abstract]  
AVAILABLE-FOR-SALE SECURITIES

2. AVAILABLE-FOR-SALE SECURITIES
 
  The Company has a managed investment arrangement with a third party to invest in fixed income securities.  These assets were classified as available-for-sale securities and were recorded at fair value.  We have presented these securities on the Consolidated Balance Sheets as of June 30, 2018 as a current asset due to management's intent to use these funds for current business requirements.  Unrealized gains and losses, net of the related tax effect, are recorded within other comprehensive income.  Realized gains and losses, interest and dividends are recorded in the other income (expense), net line item of the Consolidated Statements of Income.  Cash flows from purchases, sales and maturities of these securities are presented as investing activities on the Consolidated Statements of Cash Flows.


Available-for-sale securities consist of the following as of June 30, 2018:

 
Amortized
Cost
  
Unrealized
Gains
  
Unrealized
Losses
  
Estimated
Fair Value
 
Available-for-sale securities:
           
            
Asset backed securities
$
13,900
  
$
1
  
$
-
  
$
13,901
 
Certificates of deposit
 
2,439
   
3
   
-
   
2,442
 
Commercial paper
 
7,756
   
-
   
(2
)
  
7,754
 
Corporate debt securities
 
75,312
   
-
   
(52
)
  
75,260
 
U.S. Treasuries
 
25,094
   
4
   
-
   
25,098
 
Total available-for-sale securities
$
124,501
   
8
  
$
(54
)
 
$
124,455
 



Available-for-sale securities, by contractual maturity, as of June 30, 2018 are as follows:

  
Amortized
Cost
  
Estimated Fair Value
 
Mature in one year or less
 
$
79,397
  
$
79,373
 
Mature after one year through four years
  
45,104
   
45,082
 
  
$
124,501
  
$
124,455