Investments

The following tables summarize gains and losses related to the Company’s investments:



	June 30, 2017
Available-for-Sale	Adjusted		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	9,104	$	—	$	(61	)	$	9,043
Fixed Income Bonds	3,048		—		—			3,048
Time Deposits	799		—		—			799
Total	$	12,951	$	—	$	(61	)	$	12,890



	June 30, 2016
Available-for-Sale	Adjusted		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	12,908	$	—	$	(101	)	$	12,807
Total	$	12,908	$	—	$	(101	)	$	12,807



	June 30, 2016
Held-to-Maturity	Carrying		Unrealized		Unrealized			Fair
(In thousands)	Value		Gain		Loss			Value
Fixed Income Bonds	$	3,513	$	11	$	(6	)	$	3,518
Time Deposits	4,990		7		—			4,997
Total	$	8,503	$	18	$	(6	)	$	8,515

The Company has certain financial instruments on its 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 BB- or better.



	Carrying Value
	Short-Term Investments				Long-Term Investments
(In thousands)	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Mutual Funds - Corporate & Government Debt	$	9,043	$	12,807	$	—	$	—
Time Deposits
Maturities from 1-90 days	—		2,243		—		—
Maturities from 91-360 days	250		1,699		—		—
Maturities over 360 days	—		—		549		1,048
Fixed Income Bonds
Maturities less than 1 year	1,607		353		—		—
Maturities from 1-3 years	—		—		1,441		3,160
Total	$	10,900	$	17,102	$	1,990	$	4,208