XML 53 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727
Marketable Securities
 9 Months Ended
Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
Marketable Securities
The Company invests in marketable securities and classifies them as available-for-sale. The Company records these securities at fair value. Marketable securities reported as current assets represent investments that mature within one year from the balance sheet date. Long-term marketable securities represent investments with maturity dates greater than one year from the balance sheet date. At the time that the maturity dates of these investments become one year or less, the securities are reclassified to current assets. Unrealized gains and losses are excluded from earnings and reported as a separate component of accumulated other comprehensive income until the security is sold or matures. At the time of sale, any gains or losses, calculated by the specific identification method, are recognized in earnings as a component of operating results.
The following is a summary of marketable securities (included in short and long-term marketable securities in the unaudited Consolidated Balance Sheets), including accrued interest receivable, as of June 30, 2015 and September 30, 2014 (in thousands): 
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
June 30, 2015:
 
 
 
 
 
 
 
U.S. Treasury securities and obligations of U.S. government agencies
$
39,051

 
$
23

 
$
(10
)
 
$
39,064

Corporate securities
54,554

 
14

 
(55
)
 
54,513

Mortgage-backed securities
875

 
30

 
—

 
905

Other debt securities
6,176

 
3

 
(1
)
 
6,178

Municipal securities
19,414

 
—

 
(28
)
 
19,386

Bank certificate of deposits
14,913

 
1

 
(1
)
 
14,913

Total marketable securities
$
134,983

 
$
71

 
$
(95
)
 
$
134,959

September 30, 2014:
 
 
 
 
 
 
 
U.S. Treasury securities and obligations of U.S. government agencies
$
26,052

 
$
1

 
$
(39
)
 
$
26,014

Corporate securities
74,614

 
23

 
(174
)
 
74,463

Mortgage-backed securities
964

 
36

 
—

 
1,000

Other debt securities
7,358

 
—

 
(10
)
 
7,348

Municipal securities
15,888

 
1

 
(16
)
 
15,873

Bank certificate of deposits
26,645

 
2

 
(3
)
 
26,644

Total marketable securities
$
151,521

 
$
63

 
$
(242
)
 
$
151,342


The fair values of the marketable securities at June 30, 2015 by contractual maturity, are shown below (in thousands):
 
Fair Value
Due in one year or less
$
61,555

Due after one year through five years
70,096

Due after ten years
3,308

Total marketable securities
$
134,959


Expected maturities could differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.