ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Mar. 31, 2015

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents change in accumulated other comprehensive income (loss) ("AOCI") by component:

(dollars in thousands)	Unrealized gains (losses) on available-for-sale investments 1			Foreign currency adjustment			Total
Nine Months Ended March 31, 2015
Balance at June 30, 2014	$	888		$	18		$	906
Other comprehensive loss before reclassifications	(1,306		)	(185		)	(1,491		)
Tax effect	444			—			444
Amount reclassified from AOCI	(486		)	—			(486		)
Tax effect	165			—			165
Net other comprehensive loss for the nine months ended March 31, 2015	(1,183		)	(185		)	(1,368		)
Balance at March 31, 2015	$	(295	)	$	(167	)	$	(462	)

(dollars in thousands)	Unrealized gains (losses) on available-for-sale investments 1			Foreign currency adjustment			Total
Three Months Ended March 31, 2015
Balance at December 31, 2014	$	(213	)	$	(78	)	$	(291	)
Other comprehensive loss before reclassifications	(20		)	(89		)	(109		)
Tax effect	7			—			7
Amount reclassified from AOCI	(105		)	—			(105		)
Tax effect	36			—			36
Net other comprehensive loss for the three months ended March 31, 2015	(82		)	(89		)	(171		)
Balance at March 31, 2015	$	(295	)	$	(167	)	$	(462	)

(dollars in thousands)	Unrealized gains (losses) on available-for-sale investments 1			Foreign currency adjustment		Total
Nine Months Ended March 31, 2014
Balance at June 30, 2013	$	652		$	—	$	652
Other comprehensive loss before reclassifications	1,137			—		1,137
Tax effect	(387		)	—		(387		)
Amount reclassified from AOCI	(996		)	—		(996		)
Tax effect	339			—		339
Net other comprehensive loss for the nine months ended March 31, 2014	93			—		93
Balance at March 31, 2014	$	745		$	—	$	745

(dollars in thousands)	Unrealized gains (losses) on available-for-sale investments 1			Foreign currency adjustment		Total
Three Months Ended March 31, 2014
Balance at December 31, 2013	$	566		$	—	$	566
Other comprehensive loss before reclassifications	575			—		575
Tax effect	(195		)	—		(195		)
Amount reclassified from AOCI	(304		)	—		(304		)
Tax effect	103			—		103
Net other comprehensive income for the three months ended March 31, 2014	179			—		179
Balance at March 31, 2014	$	745		$	—	$	745

¹  Amounts reclassified from unrealized gains (losses) on available-for-sale investments, net of tax, were recorded in investment income (loss) on the Consolidated Statements of Operations.