Annual report pursuant to Section 13 and 15(d)

Marketable Securities (Tables)

v2.4.0.6
Marketable Securities (Tables)
12 Months Ended
Apr. 30, 2013
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.