Investments

In fiscal 2017, the Company liquidated substantially all of its trading securities to fund expenditures associated with its New Facility in Northlake, Texas. In fiscal 2018, the Company liquidated the remaining security and closed its preferred stock portfolio. The Company had no short-term investments at June 30, 2019 and 2018 and $0.4 million in short-term investments at June 30, 2017.

The following table shows gains and losses on trading securities:



	Year Ended June 30,
(In thousands)		2018		2017
Total gains recognized from trading securities		$	7	$	286
Less: Realized gains from sales of trading securities		7		1,909
Unrealized (losses) gains from trading securities		$	—	$	(1,623	)