XML 51 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
INVESTMENTS (Tables)
 6 Months Ended
Dec. 31, 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 December 31, 2014, and June 30, 2014.
 
 
December 31, 2014
 
 
 
 
Gross Unrealized
 
 
(dollars in thousands)
 
Cost
 
Gains
 
(Losses)
 
Fair Value
Trading securities 1
 
 
 
 
 
 
 
 
Offshore fund
 
$
1,184

 
$
—

 
$
(624
)
 
$
560

Mutual funds - Fixed income
 
15,991

 
79

 
(1
)
 
16,069

Mutual funds - Domestic equity
 
535

 
—

 
(149
)
 
386

Other
 
81

 
—

 
(81
)
 
—

Total trading securities
 
$
17,791

 
$
79

 
$
(855
)
 
$
17,015

 
 
 
 
 
 
 
 
 
Available-for-sale securities 2
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
585

 
$
621

 
$
(8
)
 
$
1,198

Common stock - International
 
652

 
249

 
(27
)
 
874

Corporate debt
 
1,693

 
—

 
(1,073
)
 
620

Mutual funds - Fixed income
 
1,228

 
14

 
(20
)
 
1,222

Mutual funds - Domestic equity
 
543

 
—

 
(77
)
 
466

Other
 
169

 
2

 
(4
)
 
167

Total available-for-sale securities 3
 
$
4,870

 
$
886

 
$
(1,209
)
 
$
4,547

 
 
 
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 (losses) on available-for-sale securities gross and net of tax as of December 31, 2014, are $(323) and $(213), 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:
 
 
December 31, 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
 
$
18

 
$
—

 
$
101

 
$
(8
)
 
$
119

 
$
(8
)
Common stock - International
 
78

 
(15
)
 
43

 
(12
)
 
121

 
(27
)
Corporate debt
 
383

 
(1,073
)
 
—

 
—

 
383

 
(1,073
)
Mutual funds - Fixed income
 
209

 
(20
)
 
—

 
—

 
209

 
(20
)
Mutual funds - Domestic equity
 
466

 
(77
)
 
—

 
—

 
466

 
(77
)
Other
 
10

 
(4
)
 
—

 
—

 
10

 
(4
)
Total available-for-sale securities
 
$
1,164


$
(1,189
)
 
$
144

 
$
(20
)

$
1,308


$
(1,209
)
 
 
 
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)
 
Six Months Ended December 31,
 
Three Months Ended December 31,
Investment Income (Loss)
 
2014
 
2013
 
2014
 
2013
Realized gains (losses) on sales of available-for-sale securities
 
$
382

 
$
692

 
$
86

 
$
(183
)
Realized losses on sales of trading securities
 
(6
)
 
(168
)
 
(6
)
 
(168
)
Unrealized gains (losses) on trading securities
 
(526
)
 
278

 
(295
)
 
169

Realized foreign currency gains
 
23

 
5

 
4

 
—

Dividend and interest income
 
400

 
302

 
264

 
230

Total Investment Income
 
$
273

 
$
1,109

 
$
53

 
$
48