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Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
Supplemental information regarding the Company's available-for-sale investment securities held as of March 31, 2013 is set forth in the table below (in millions).
 
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Cash and cash equivalents
$
33.3

 
$

 
$

 
$
33.3

Corporate bonds
11.3

 
3.0

 

 
14.3

Common stock - domestic
9.1

 
2.6

 

 
11.7

 
$
53.7

 
$
5.6

 
$

 
$
59.3

Fair Value, Assets Measured on Recurring Basis
The following table indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair values. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. The Company considers a security that trades at least weekly to have an active market. Fair values determined by Level 2 inputs utilize data points that are observable, such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset, and include situations where there is little, if any, market activity for the asset. The Company’s policy is to recognize transfers between levels as of the actual date of the event or change in circumstances that caused the transfer. The following table presents information about the assets that are measured at fair value on a recurring basis as of March 31, 2013 (in millions).
 
March 31, 2013
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
$
33.3

 
$
33.3

 
$

 
$

Corporate bonds
14.3

 

 
14.3

 

Common stock - domestic
11.7

 

 
11.7

 

Investments in securities
$
59.3

 
$
33.3

 
$
26.0

 
$

Schedule of Available-for-sale Securities Activities
The following table provides a reconciliation of activity for the Company's investments in securities for the nine months ended March 31, 2013 (in millions).
 
Fair value at June 30, 2012
 
Proceeds from sales
 
Purchases of securities
 
Realized loss on sales, pre tax
 
Change in fair value, pre tax
 
Fair value at March 31, 2013
Investment in securities
$
51.8

 
$
(76.2
)
 
$
79.1

 
$
(0.3
)
 
$
4.9

 
$
59.3