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Investment (Income) Expense, Net
6 Months Ended
Nov. 30, 2019
Other Income And Expenses [Abstract]  
Investment (Income) Expense, Net

NOTE 7  INVESTMENT (INCOME) EXPENSE, NET

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

(In thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Interest (income)

 

$

(1,429

)

 

$

(828

)

 

$

(2,776

)

 

$

(1,732

)

Net (gain) loss on marketable securities

 

 

(6,939

)

 

 

8,520

 

 

 

(10,479

)

 

 

8,134

 

Dividend (income)

 

 

(437

)

 

 

(659

)

 

 

(935

)

 

 

(1,802

)

Investment (income) expense, net

 

$

(8,805

)

 

$

7,033

 

 

$

(14,190

)

 

$

4,600

 

 

Net (Gain) Loss on Marketable Securities

Of the $6.9 million in net gains on marketable securities recognized during the second quarter of fiscal 2020, approximately $6.0 million related to unrealized gains on marketable equity securities and approximately $1.0 million was related to unrealized gains on trading securities. Additionally, of the $10.5 million in net gains on marketable securities recognized during the first half of fiscal 2020, approximately $8.9 million related to unrealized gains on marketable equity securities and $1.7 million in unrealized gains on trading securities.  

During the second quarter of fiscal 2019, we recognized gross realized losses on sales of marketable securities of $1.0 million and unrealized losses on trading securities of $1.0 million. For the first half of fiscal 2019, we recognized realized gains and losses on sales of securities of $0.2 million and $1.2 million, respectively, and unrealized gains and losses on trading securities of $0.5 million and $1.1 million, respectively.  During the three and six-month periods ended November 30, 2018, we recognized $6.5 million in unrealized losses on marketable equity securities.