Investments

9 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Preferred stock investments as of March 31, 2014 consisted of securities with a fair value of $5.2 million in an unrealized loss position and securities with a fair value of $16.4 million in an unrealized gain position. Preferred stock investments as of June 30, 2013 consisted of securities with a fair value of $7.3 million in an unrealized loss position and $13.2 million in an unrealized gain position.

The following table shows gains and losses on trading securities held for investment by the Company: 

	Three Months Ended March 31,				Nine Months Ended March 31,
(In thousands)	2014		2013		2014			2013
Total gain recognized on trading securities held for investment	$	765	$	636	$	15		$	794
Less: Realized gain on sales of trading securities held for investment	124		418		58			376
Unrealized gain (loss) on trading securities held for investment	$	641	$	218	$	(43	)	$	418