XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Investment Expense (Income), Net
9 Months Ended
Feb. 28, 2019
Other Income And Expenses [Abstract]  
Investment Expense (Income), Net

NOTE 7  INVESTMENT EXPENSE (INCOME), NET

Investment (income), net, consists of the following components:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

February 28,

 

 

February 28,

 

 

February 28,

 

 

February 28,

 

(In thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Interest (income)

 

$

(1,076

)

 

$

(1,454

)

 

$

(2,808

)

 

$

(3,645

)

Net (gain) loss on marketable securities

 

 

(1,683

)

 

 

(1,935

)

 

 

6,451

 

 

 

(6,833

)

Dividend (income)

 

 

(1,967

)

 

 

(2,082

)

 

 

(3,769

)

 

 

(3,185

)

Investment (income), net

 

$

(4,726

)

 

$

(5,471

)

 

$

(126

)

 

$

(13,663

)

 

Net (Gain)Loss on Marketable Securities

During the third quarter of fiscal 2019, we recognized gross realized gains and losses on sales of available-for-sale securities of $0.1 million and $2.2 million, respectively.  Also during the current quarter, we recognized gross realized gains on sales of trading securities of $0.2 million and unrealized losses on trading securities of $0.1 million. For the first nine months of fiscal 2019, we recognized realized gains and losses on sales of available-for-sale securities of $0.3 million and $3.4 million, respectively, realized gains on trading securities of $0.2 million and unrealized losses on trading securities of $0.7 million.  During the three and nine-month periods ended February 28, 2019, we recognized unrealized gains of $3.7 million and unrealized losses of $2.9 million marketable equity securities.

During the third quarter of fiscal 2018, we recognized gross realized gains and losses on sales of marketable securities of $2.6 million and $0.7 million, respectively.  For the first nine months of fiscal 2018, we recognized gross realized gains and losses on sales of marketable securities of $8.6 million and $1.8 million, respectively.