| Summary Of Marketable Securities |
As of April 30,
2013, marketable securities consisted of the
following:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Trading
(1)(3) |
|
|
Available-for-
Sale(2)(3)
|
|
|
Total |
|
| |
|
(in thousands) |
|
|
Mutual funds
|
|
$ |
98,001 |
|
|
$ |
— |
|
|
$ |
98,001 |
|
|
Corporate
bonds
|
|
|
— |
|
|
|
42,111 |
|
|
|
42,111 |
|
|
U.S. Treasury and agency
securities
|
|
|
— |
|
|
|
1,804 |
|
|
|
1,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
98,001 |
|
|
|
43,915 |
|
|
|
141,916 |
|
|
Less: current portion of
marketable securities
|
|
|
(4,537 |
) |
|
|
(15,810 |
) |
|
|
(20,347 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current marketable
securities
|
|
$ |
93,464 |
|
|
$ |
28,105 |
|
|
$ |
121,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of April 30,
2012, marketable securities consisted of the
following:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Trading
(1)(3) |
|
|
Available-for-
Sale(2)(3) |
|
|
Total |
|
| |
|
(in thousands) |
|
|
Mutual funds
|
|
$ |
82,176 |
|
|
$ |
— |
|
|
$ |
82,176 |
|
|
Corporate
bonds
|
|
|
— |
|
|
|
44,563 |
|
|
|
44,563 |
|
|
Commercial
paper
|
|
|
— |
|
|
|
5,989 |
|
|
|
5,989 |
|
|
U.S. Treasury and agency
securities
|
|
|
— |
|
|
|
3,006 |
|
|
|
3,006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
82,176 |
|
|
|
53,558 |
|
|
|
135,734 |
|
|
Less: current portion of
marketable securities
|
|
|
(7,613 |
) |
|
|
(33,323 |
) |
|
|
(40,936 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current marketable
securities
|
|
$ |
74,563 |
|
|
$ |
20,235 |
|
|
$ |
94,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
These investments are
held in trust for settlement of the Company’s obligations of
$99.2 million and $82.6 million as of April 30, 2013 and
2012, respectively, under the Executive Capital Accumulation Plan
(see Note 6 — Deferred Compensation and
Retirement Plans). |
| (2) |
These securities
represent excess cash available for general corporate purposes
invested, under our investment policy, with a professional money
manager. |
| (3) |
The Company’s
financial assets measured at fair value on a recurring basis
include trading securities classified as Level 1 and
available-for-sale securities classified as Level 2. As of
April 30, 2013 and 2012, the Company had cash equivalents of
$93.6 million and $60.5 million, and restricted cash of $2.9
million and $10.0 million, respectively, classified as Level 1. As
of April 30, 2013 and 2012, the Company had no investments
classified as Level 3. |
|
| Amortized Cost And Fair Values Of Marketable Securities Classified As Available-For-Sale Investments |
The amortized cost and
fair values of marketable securities classified as
available-for-sale investments were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
April 30,
2013 |
|
| |
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses(1) |
|
|
Estimated
Fair
Value |
|
| |
|
(in thousands) |
|
|
Corporate
bonds
|
|
$ |
42,033 |
|
|
$ |
92 |
|
|
$ |
(14 |
) |
|
$ |
42,111 |
|
|
U.S. Treasury and agency
securities
|
|
|
1,802 |
|
|
|
2 |
|
|
|
— |
|
|
|
1,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
43,835 |
|
|
$ |
94 |
|
|
$ |
(14 |
) |
|
$ |
43,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
April 30,
2012 |
|
| |
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses(1) |
|
|
Estimated
Fair
Value |
|
| |
|
(in thousands) |
|
|
Corporate
bonds
|
|
$ |
44,498 |
|
|
$ |
81 |
|
|
$ |
(16 |
) |
|
$ |
44,563 |
|
|
Commercial
paper
|
|
|
5,993 |
|
|
|
1 |
|
|
|
(5 |
) |
|
|
5,989 |
|
|
U.S. Treasury and agency
securities
|
|
|
3,006 |
|
|
|
— |
|
|
|
— |
|
|
|
3,006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
53,497 |
|
|
$ |
82 |
|
|
$ |
(21 |
) |
|
$ |
53,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
There are no marketable
securities that have been in a continuous unrealized loss position
for 12 months or more. |
|