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Investment (Income) Expense, Net
9 Months Ended
Feb. 29, 2020
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

 

 

Nine Months Ended

 

 

 

February 29,

 

 

February 28,

 

 

February 29,

 

 

February 28,

 

(In thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Interest (income)

 

$

(1,292

)

 

$

(1,076

)

 

$

(4,068

)

 

$

(2,808

)

Net (gain) loss on marketable securities

 

 

6,918

 

 

 

(1,683

)

 

 

(3,562

)

 

 

6,451

 

Dividend (income)

 

 

(1,790

)

 

 

(1,967

)

 

 

(2,724

)

 

 

(3,769

)

Investment (income) expense, net

 

$

3,836

 

 

$

(4,726

)

 

$

(10,354

)

 

$

(126

)

 

Net (Gain) Loss on Marketable Securities

Of the $6.9 million in net losses on marketable securities recognized during the third quarter of fiscal 2020, approximately $6.6 million related to unrealized losses on marketable equity securities and approximately $1.5 million was related to unrealized losses on trading securities. Additionally, of the $3.6 million in net gains on marketable securities recognized during the first nine months of fiscal 2020, approximately $2.3 million related to unrealized gains on marketable equity securities and $0.1 million in unrealized gains on trading securities.  

During the third quarter of fiscal 2019, we recognized gross realized gains and losses on sales of marketable securities of $0.1 million and $2.2 million, respectively.  Also during the third quarter of fiscal 2019, 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 marketable 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.