Fair Value Measurement (Tables)

9 Months Ended

Mar. 31, 2015

Schedule of fair value of financial instruments

The following table presents the carrying amounts, estimated fair values and valuation input levels of certain financial instruments as of March 31, 2015 and June 30, 2014:



	March 31, 2015		June 30, 2014
(In thousands)	Carrying Amount	Fair Value	Carrying Amount	Fair Value	Valuation Inputs
Available-for-Sale Securities
Mutual Funds - Corporate & Government Debt	18,763	18,763	—	—	Level 1
Held-to-Maturity Securities
Bonds: 1-3 years	1,716	1,709	—	—	Level 2
Bonds: 3-5 years	1,807	1,798	—	—	Level 2
Time deposits: 1-90 days	1,993	1,993	—	—	Level 2
Time deposits: 91-360 days	5,183	5,180	—	—	Level 2
Time deposits: over 360 days	5,732	5,743	—	—	Level 2
Note Payable	—	—	5,655	5,655	Level 2

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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