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INVESTMENTS (Tables)
 3 Months Ended
Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Trading and Available-for-Sale Securities
The following details the components of the Company’s investments recorded as fair value as of September 30, 2014, and June 30, 2014.
 
 
September 30, 2014
 
 
 
 
Gross Unrealized
 
 
(dollars in thousands)
 
Cost
 
Gains
 
(Losses)
 
Fair Value
Trading securities 1
 
 
 
 
 
 
 
 
Offshore fund
 
$
1,184

 
$
—

 
$
(390
)
 
$
794

Mutual funds - Fixed income
 
16,241

 
79

 
(2
)
 
16,318

Mutual funds - Domestic equity
 
535

 
—

 
(85
)
 
450

Other
 
107

 
—

 
(83
)
 
24

Total trading securities
 
$
18,067

 
$
79

 
$
(560
)
 
$
17,586

 
 
 
 
 
 
 
 
 
Available-for-sale securities 2
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
496

 
$
605

 
$
(3
)
 
$
1,098

Common stock - International
 
652

 
383

 
(8
)
 
1,027

Corporate debt
 
1,700

 
6

 
(287
)
 
1,419

Mutual funds - Fixed income
 
1,228

 
14

 
(11
)
 
1,231

Mutual funds - Domestic equity
 
543

 
5

 
—

 
548

Other
 
232

 
1

 
(4
)
 
229

Total available-for-sale securities 3
 
$
4,851

 
$
1,014

 
$
(313
)
 
$
5,552

 
 
 
June 30, 2014
 
 
 
 
Gross Unrealized
 
 
(dollars in thousands)
 
Cost
 
Gains
 
(Losses)
 
Fair Value
Trading securities 1
 
 
 
 
 
 
 
 
Offshore fund
 
$
1,184

 
$
—

 
$
(186
)
 
$
998

Mutual funds - Fixed income
 
16,241

 
92

 
—

 
16,333

Mutual funds - Domestic equity
 
535

 
—

 
(76
)
 
459

Other
 
107

 
—

 
(80
)
 
27

Total trading securities
 
$
18,067

 
$
92

 
$
(342
)
 
$
17,817

 
 
 
 
 
 
 
 
 
Available-for-sale securities 2
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
535

 
$
586

 
$
(3
)
 
$
1,118

Common stock - International
 
607

 
802

 
—

 
1,409

Corporate debt
 
1,706

 
—

 
(74
)
 
1,632

Mutual funds - Fixed income
 
1,228

 
21

 
(2
)
 
1,247

Mutual funds - Domestic equity
 
543

 
7

 
—

 
550

Other
 
232

 
9

 
(1
)
 
240

Total available-for-sale securities 3
 
$
4,851

 
$
1,425

 
$
(80
)
 
$
6,196

 
1 
Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
2 
Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.
3 
Net unrealized gains on available-for-sale securities gross and net of tax as of September 30, 2014, are $701 and $462, respectively, and as of June 30, 2014, are $1,345 and $888, respectively.
Summary of Gross Unrealized Losses and Fair Values of Available-for-Sale Investment Securities
The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
 
 
September 30, 2014
 
 
Less Than 12 Months
 
12 Months or Greater
 
Total
(dollars in thousands)
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
106

 
$
(3
)
 
$
—

 
$
—

 
$
106

 
$
(3
)
Common stock - International
 
140

 
(8
)
 
—

 
—

 
140

 
(8
)
Corporate debt
 
1,168

 
(287
)
 
—

 
—

 
1,168

 
(287
)
Mutual funds - Fixed income
 
218

 
(11
)
 
—

 
—

 
218

 
(11
)
Other
 
63

 
(4
)
 
—

 
—

 
63

 
(4
)
Total available-for-sale securities
 
$
1,695


$
(313
)
 
$
—

 
$
—


$
1,695


$
(313
)
 
 
 
June 30, 2014
 
 
Less Than 12 Months
 
12 Months or Greater
 
Total
(dollars in thousands)
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
 
Fair Value
 
Gross
Unrealized
Losses
Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
125

 
$
(3
)
 
$
—

 
$
—

 
$
125

 
$
(3
)
Corporate debt
 
1,382

 
(74
)
 
—

 
—

 
1,382

 
(74
)
Mutual funds - Fixed income
 
151

 
(2
)
 
—

 
—

 
151

 
(2
)
Other
 
118

 
(1
)
 
—

 
—

 
118

 
(1
)
Total available-for-sale securities
 
$
1,776

 
$
(80
)
 
$
—

 
$
—

 
$
1,776

 
$
(80
)
Investment Income (Loss) Reflected in Earnings
The following summarizes investment income reflected in earnings for the periods discussed:
(dollars in thousands)
 
Three Months Ended September 30,
Investment Income (Loss)
 
2014
 
2013
Realized gains on sales of available-for-sale securities
 
$
295

 
$
875

Unrealized gains (losses) on trading securities
 
(231
)
 
109

Realized foreign currency gains
 
20

 
5

Dividend and interest income
 
136

 
71

Total Investment Income
 
$
220

 
$
1,060