INVESTMENTS (Tables)

9 Months Ended

Mar. 31, 2021

Disclosure Text Block Supplement [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

The following details the components of the Company’s equity investments recorded at fair value as of March 31, 2021, and June 30, 2020.

	March 31, 2021  As Restated (See Note 2)
(dollars in thousands)	Cost		Unrealized Gains (Losses)			Fair Value
Equity securities at fair value
Equities - International	$	8,000	$	8,085		$	16,085
Equities - Domestic		45		(45	)		-
Mutual funds - Fixed income		6,313		9			6,322
Mutual funds - Global equity		929		(75	)		854
Mutual funds - Domestic equity		-		-			-
Total equity securities at fair value	$	15,287	$	7,974		$	23,261

	June 30, 2020
(dollars in thousands)	Cost		Unrealized Gains (Losses)			Fair Value
Equity securities at fair value
Equities - International	$	5,641	$	(1,162	)	$	4,479
Equities - Domestic		45		(45	)		-
Mutual funds - Fixed income		6,313		9			6,322
Mutual funds - Global equity		-		-			-
Mutual funds - Domestic equity		929		(266	)		663
Total equity securities at fair value	$	12,928	$	(1,464	)	$	11,464

Debt Securities, Available-for-sale and Held-to-Maturity [Table Text Block]

	March 31, 2021  As Restated (See Note 2)
(dollars in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Available-for-sale - Convertible debentures	$	8,957	$	14,970	$	-	$	23,927

	March 31, 2021  As Restated (See Note 2)
(dollars in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Net Carrying Amount
Held-to-maturity - Debentures	$	1,000	$	-	$	-	$	1,000

Investments Classified by Contractual Maturity Date [Table Text Block]

Investments in debt securities classified as held-to-maturity are carried at amortized cost, which approximates fair value. The net carrying amount and estimated fair value of debt securities at March 31, 2021, are summarized below by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers.

	March 31, 2021  As Restated (See Note 2)
(dollars in thousands)	Convertible debentures (1)		Due after five years through ten years		Total
Net Carrying Amount	$	8,957	$	1,000	$	9,957
Fair Value	$	23,927	$	1,000	$	24,927

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following summarizes the major categories of investments with fair values adjusted on a recurring basis as of March 31, 2021, and June 30, 2020, with fair values shown according to the fair value hierarchy.

	March 31, 2021  As Restated (See Note 2)
			Significant		Significant
	Quoted Prices		Other Inputs		Unobservable Inputs
(dollars in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Investments carried at fair value on a recurring basis:
Investments in equity securities:
Equities - International	$	5,133	$	-	$	10,952	$	16,085
Equities - Domestic		-		-		-		-
Mutual funds - Fixed income		6,322		-		-		6,322
Mutual funds - Global equity		854		-		-		854
Mutual funds - Domestic equity		-		-		-		-
Total investments in equity securities:	$	12,309	$	-	$	10,952	$	23,261
Investments in debt securities:
Available-for-sale - Convertible debentures		-		-		23,927		23,927
Total investments carried at fair value on a recurring basis:	$	12,309	$	-	$	34,879	$	47,188

	June 30, 2020
			Significant		Significant
	Quoted Prices		Other Inputs		Unobservable Inputs
(dollars in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Investments carried at fair value on a recurring basis:
Investments in equity securities:
Equities - International	$	4,447	$	32	$	-	$	4,479
Equities - Domestic		-		-		-		-
Mutual funds - Fixed income		6,322		-		-		6,322
Mutual funds - Global equity		-		-		-		-
Mutual funds - Domestic equity		663		-		-		663
Total investments in equity securities:	$	11,432	$	32	$	-	$	11,464
Investments in debt securities:
Available-for-sale - Convertible debentures		-		-		-		-
Total investments carried at fair value on a recurring basis:	$	11,432	$	32	$	-	$	11,464

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

As of March 31, 2021, approximately 26 percent, 0 percent, and 74 percent of the Company’s financial assets carried at fair value on a recurring basis were classified in the fair value hierarchy as Level 1, Level 2, and Level 3, respectively. As of June 30, 2020, approximately 100 percent of the Company’s financial assets carried at fair value on a recurring basis were classified in the fair value hierarchy as Level 1. The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value as of March 31, 2021.

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
	Three and Nine Months Ended March 31, 2021
	Investments in equity securities		Investments in debt securities
(dollars in thousands)	As Restated (See Note 2)		As Restated (See Note 2)
Beginning Balance	$	-	$	-
Purchases		5,853		9,147
Sales		-		-
Principal payment proceeds		-		(658	)
Amortization of premium (investment income)		-		(83	)
Total gains or losses (realized/unrealized)
Included in earnings (investment income)		5,099		552
Included in Accumulated Other Comprehensive Income (other)		-		14,969
Transfers into Level 3		-		-
Transfers out of Level 3		-		-
Ending Balance	$	10,952	$	23,927

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The Company currently considers the related fair value measurements to contain Level 3 inputs. The following is quantitative information as of March 31, 2021, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3):

	March 31, 2021 As Restated (See Note 2)
(dollars in thousands)	Fair Value		Principal Valuation Techniques	Unobservable Inputs
Investments in debt securities:
Available-for-sale - Convertible debentures	$	23,927	Binomial lattice model
				Volatility	44.3	%
				Credit Adjusted Discount Rate	1.8	%
				Discount for Lack of Marketability	5.0	%
Investments in equity securities:
Common share purchase warrants	$	10,952	Options pricing model
				Volatility	72.3	%
				Discount for Lack of Marketability	5.0	%

Equity Securities without Readily Determinable Fair Value [Table Text Block]

The carrying value of equity securities without readily determinable fair values has been adjusted as follows:

	Nine Months Ended						Three Months Ended
	March 31,						March 31,
(dollars in thousands)	2021			2020			2021			2020
Carrying amount, beginning of period	$	1,283		$	1,404		$	1,385		$	1,488
Adjustments:
Purchases		665			75			440			75
Impairments		(6	)		-			(6	)		-
Other downward adjustments		(158	)		(124	)		(35	)		(108	)
Upward adjustments		1,156			163			1,156			63
Carrying amount, end of period	$	2,940		$	1,518		$	2,940		$	1,518

Gain (Loss) on Securities [Table Text Block]

The following summarizes investment income (loss) reflected in earnings from continuing operations:

	Nine Months Ended						Three Months Ended
	March 31,						March 31,
(dollars in thousands)	2021			2020			2021			2020
Investment Income (Loss)	As Restated  (See Note 2)						As Restated  (See Note 2)
Unrealized gains (losses) on fair valued securities	$	12,556		$	(3,995	)	$	5,983		$	(342	)
Unrealized gains (losses) on equity securities without readily determinable fair values		1,025			-			1,138			(100	)
Realized gains on sales of fair valued securities		15,606			-			563			-
Realized gains on principal payment proceeds		552			-			552			-
Realized gain on sale of subsidiary		-			151			-			151
Realized foreign currency gains (losses)		164			(234	)		(12	)		(234	)
Impairments in equity securities without readily determinable fair values		(6	)		-			(6	)		-
Dividend and interest income		227			156			206			84
Total Investment Income (Loss)	$	30,124		$	(3,922	)	$	8,424		$	(441	)