Investment Securities

12 Months Ended

Jun. 30, 2012

Investment Securities

Investment Securities

Note 6.  Investment Securities

The amortized cost, gross unrealized gains and losses, and fair value of the Company’s investment securities as of June 30, 2012 and June 30, 2011:

June 30, 2012

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Trading
Equity securities	$	6,874	$	157	$	364	$	6,667

June 30, 2011

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-Sale
Corporate Bonds	$	179	$	3	$	—	$	182
Trading
Equity securities	$	7,068	$	200	$	68	$	7,200
Held-to-Maturity
Certificates of Deposit	$	12,000	$	—	$	—	$	12,000
Total Investment Securities	$	19,247	$	203	$	68	$	19,382

The amortized cost and fair value of the Company’s investment securities by contractual maturity at June 30, 2012 and June 30, 2011 are summarized as follows:

	June 30, 2012				June 30, 2011
	Amortized		Fair		Amortized		Fair
(In thousands)	Cost		Value		Cost		Value
Due in one year or less	$	6,874	$	6,667	$	19,247	$	19,382
Due after one year through five years	—		—		—		—
Due after five years through ten years	—		—		—		—
Due after ten years	—		—		—		—
Total investment securities	6,874		6,667		19,247		19,382
Less current portion	6,874		6,667		19,247		19,382
Long-term investment securities	$	—	$	—	$	—	$	—

The Company uses the specific identification method to determine the cost of securities sold.  For fiscal year 2012, the Company had losses on investments of $103, of which $236 was realized gains and $339 was unrealized losses, respectively.  For fiscal year 2011, the Company had gains on investments of $206, of which $74 was realized and $132 was unrealized gains, respectively.  For fiscal year 2010, the Company had realized gains on investments of $2.

As of June 30, 2011, the available-for-sale and held-to-maturity investment securities were due in one year or less.  As of June 30, 2012 and 2011, there were no securities held from a single issuer that represented more than 10% of shareholders’ equity.  As of June 30, 2012, securities with an aggregate fair value of $3,466 were in an unrealized loss position totaling $364.  As of June 30, 2011, securities with an aggregate fair value of $1,918 were in an unrealized loss position totaling $68.  No individual securities were in a continuous unrealized loss position for more than 12 months.