Investments

We use specific identification when determining realized gains and losses on our available-for-sale securities. The following tables summarize unrealized gains and losses related to our investments:



Available-for-Sale	September 30, 2015
(In thousands)	Adjusted		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	14,619	$	—	$	(111	)	$	14,508
Total	$	14,619	$	—	$	(111	)	$	14,508

For information on the unrealized holding losses on available-for-sale investments reclassified out of accumulated other comprehensive income (loss) into the consolidated statements of income, see “Note 10: Other Comprehensive Income (Loss).”



Held-to-Maturity	September 30, 2015
(In thousands)	Carrying		Unrealized		Unrealized			Fair
	Value		Gain		Loss			Value
Fixed Income Bonds	$	3,515	$	—	$	(26	)	$	3,489
Time Deposits	9,427		10		(7		)	9,430
Total	$	12,942	$	10	$	(33	)	$	12,919

There were no investments at September 30, 2014.

We have certain financial instruments on our condensed consolidated balance sheet related to interest bearing time deposits and fixed income bonds. These held-to-maturity time deposits are included in “Short-term investments” if the maturities at the end of the reporting period were 360 days or less or “Long-term investments” if the maturities at the end of the reporting period were over 360 days. Fixed income bonds, maturing over the next one to four years, are comprised of investments in various corporations with ratings of BBB- or better.



	Carrying Value
	Short-Term Investments				Long-Term Investments
(In thousands)	September 30, 2015		June 30, 2015		September 30, 2015		June 30, 2015
Mutual Funds - Corporate & Government Debt	$	14,508	$	17,227	$	—	$	—
Time deposits
Maturities from 1-90 days	950		1,496		—		—
Maturities from 91-360 days	5,735		4,438		—		—
Maturities over 360 days	—		—		2,742		4,990
Fixed Income Bonds
Maturities from 1-3 years	—		—		2,427		2,073
Maturities from 3-5 years	—		—		1,088		1,453
Total	$	21,193	$	23,161	$	6,257	$	8,516