Note 3 - Investments (Tables)

9 Months Ended

Mar. 31, 2024

Notes Tables

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

	March 31, 2024
			Significant		Significant
	Quoted		Other		Unobservable
	Prices		Inputs		Inputs
(dollars in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Investments carried at fair value on a recurring basis:
Investments in trading securities:
Equity securities:
Equities - International	$	411	$	-	$	-	$	411
Mutual funds - Fixed income		10,071		-		-		10,071
Mutual funds - Global equity		829		-		-		829
Total equity securities		11,311		-		-		11,311
Debt securities:
Corporate debt securities		195		-		-		195
Total investments in trading securities:		11,506		-		-		11,506
Investments in available-for-sale debt securities:
Corporate debt securities - Convertible debentures		-		-		5,190		5,190
Total investments carried at fair value on a recurring basis:	$	11,506	$	-	$	5,190	$	16,696
Investments carried at fair value on a nonrecurring basis:
Other investments (1)	$	-	$	-	$	600	$	600

	June 30, 2023
			Significant		Significant
	Quoted		Other		Unobservable
	Prices		Inputs		Inputs
(dollars in thousands)	(Level 1)		(Level 2)		(Level 3)		Total
Investments carried at fair value on a recurring basis:
Investments in trading securities:
Equity securities:
Equities - International	$	488	$	-	$	290	$	778
Mutual funds - Fixed income		11,642		-		-		11,642
Mutual funds - Global equity		785		-		-		785
Total equity securities		12,915		-		290		13,205
Debt securities:
Corporate debt securities		-		-		-		-
Total investments in trading securities:		12,915		-		290		13,205
Investments in available-for-sale debt securities:
Corporate debt securities - Convertible debentures		-		-		7,008		7,008
Total investments carried at fair value on a recurring basis:	$	12,915	$	-	$	7,298	$	20,213
Investments carried at fair value on a nonrecurring basis:
Other investments (1)	$	-	$	-	$	1,786	$	1,786

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

	Nine Months Ended March 31, 2024
	Investments in			Investments in
(dollars in thousands)	equity securities			debt securities
Beginning Balance	$	290		$	7,008
Principal repayments		-			(2,250	)
Amortization of day one premium		-			(137	)
Accretion of bifurcation discount		-			403
Total gains or losses included in:
Net Investment Income (Loss)		(290	)		821
Other Comprehensive Income (Loss)		-			(655	)
Ending Balance	$	-		$	5,190

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

	March 31, 2024
(dollars in thousands)	Fair Value		Principal Valuation Techniques	Unobservable Inputs
Investments in available-for-sale debt securities:
Corporate debt securities - Convertible debentures	$	5,190	Binomial lattice model	Volatility	110.0	%
				Credit Spread	7.00	%
				Risk-Free Rate	4.28	%

Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]

	March 31, 2024
(dollars in thousands)	Cost		Unrealized Gains (Losses)			Fair Value
Trading securities at fair value
Equity securities:
Equities - International	$	746	$	(335	)	$	411
Equities - Domestic		45		(45	)		-
Mutual funds - Fixed income		10,280		(209	)		10,071
Mutual funds - Global equity		929		(100	)		829
Total equity securities		12,000		(689	)		11,311
Debt securities:
Corporate debt securities		215		(20	)		195
Total trading securities at fair value	$	12,215	$	(709	)	$	11,506

	June 30, 2023
(dollars in thousands)	Cost		Unrealized Gains (Losses)			Fair Value
Trading securities at fair value
Equity securities:
Equities - International	$	6,679	$	(5,901	)	$	778
Equities - Domestic		45		(45	)		-
Mutual funds - Fixed income		11,947		(305	)		11,642
Mutual funds - Global equity		930		(145	)		785
Total equity securities		19,601		(6,396	)		13,205
Debt securities:
Corporate debt securities		-		-			-
Total trading securities at fair value	$	19,601	$	(6,396	)	$	13,205

	March 31, 2024
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Net Investment Income (Loss) (1)			Fair Value		Allowance for Credit Losses
Available-for-sale debt securities:
Corporate debt securities - Convertible debentures	$	6,651	$	1,052	$	-	$	(2,513	)	$	5,190	$	-

	June 30, 2023
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Other Comprehensive Income (Loss)		Gross Unrealized Losses in Net Investment Income (Loss) (1)			Fair Value		Allowance for Credit Losses
Available-for-sale debt securities:
Corporate debt securities - Convertible debentures	$	7,729	$	1,707	$	-	$	(2,428	)	$	7,008	$	-

	March 31, 2024
(dollars in thousands)	Amortized Cost		Gross Unrecognized Holding Gains		Gross Unrecognized Holding Losses			Fair Value		Allowance for Credit Losses
Held-to-maturity debt securities(1):
Corporate debt securities	$	1,000	$	-	$	(157	)	$	843	$	157

	June 30, 2023
(dollars in thousands)	Amortized Cost		Gross Unrecognized Holding Gains		Gross Unrecognized Holding Losses			Fair Value		Allowance for Credit Losses
Held-to-maturity debt securities(1):
Corporate debt securities	$	1,000	$	-	$	(232	)	$	768	$	-

Schedule of Derivative Instruments [Table Text Block]

	March 31, 2024		June 30, 2023
	Other Assets		Other Assets
	Investments in		Investments in
	available-for-sale		available-for-sale
(dollars in thousands)	debt securities		debt securities
Embedded Derivatives:
Equity price risk exposure	$	29	$	114

	Nine Months Ended					Three Months Ended
	March 31,					March 31,
	2024			2023		2024			2023
	Other Income (Loss)			Other Income (Loss)		Other Income (Loss)			Other Income (Loss)
(dollars in thousands)	Net Investment Income (Loss)			Net Investment Income (Loss)		Net Investment Income (Loss)			Net Investment Income (Loss)
Embedded Derivatives:
Equity price risk exposure	$	(85	)	$	82	$	(22	)	$	55

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]

(dollars in thousands)	March 31, 2024
Beginning Balance, prior to adoption of ASU 2016-13	$	-
Impact of ASU 2016-13 adoption		232
Provision for credit losses - reversal (1)		(75	)
Ending Balance	$	157

Investments Classified by Contractual Maturity Date [Table Text Block]

	March 31, 2024
	Available-for-sale		Held-to-maturity
	debt securities		debt securities
	Convertible		Due after one year
(dollars in thousands)	debentures (1)		through five years
Amortized Cost	$	6,651	$	1,000
Fair Value	$	5,190	$	843

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

	Nine Months Ended						Three Months Ended
	March 31,						March 31,
(dollars in thousands)	2024			2023			2024			2023
Other Investments
Carrying value	$	1,114		$	2,827		$	1,114		$	2,827
Upward carrying value changes	$	-		$	14		$	-		$	9
Downward carrying value changes/impairment	$	(1,274	)	$	(1,841	)	$	(499	)	$	-

Investment Income [Table Text Block]

	Nine Months Ended						Three Months Ended
(dollars in thousands)	March 31,						March 31,
Net Investment Income (Loss)	2024			2023			2024			2023
Realized gains (losses) on equity securities	$	(6,834	)	$	(13	)	$	(6,094	)	$	(13	)
Realized gains (losses) on debt securities		906			1,299			267			394
Unrealized gains (losses) on equity securities		5,699			(2,586	)		5,863			283
Unrealized gains (losses) on debt securities		(20	)		-			(65	)		-
Unrealized gains (losses) on embedded derivatives		(85	)		82			(22	)		55
Unrealized gains (losses) on cash equivalents		(2	)		-			-			-
Dividend and interest income		1,781			1,321			595			421
Realized foreign currency gains (losses)		(82	)		(292	)		(84	)		15
Total Net Investment Income (Loss)	$	1,363		$	(189	)	$	460		$	1,155

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

	Nine Months Ended						Three Months Ended
	March 31,						March 31,
(dollars in thousands)	2024			2023			2024			2023
Unrealized gains and losses for securities held at the reporting date:
Equity securities:
Net gains and losses recognized during the period	$	(1,135	)		(2,599	)	$	(231	)	$	270
Less: Net gains and losses recognized during the period on securities sold during the period		(256	)		(13	)		(3	)		(13	)
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date (1)	$	(879	)	$	(2,586	)	$	(228	)	$	283
Debt securities classified as trading:
Net gains and losses recognized during the period	$	(20	)		-		$	(65	)	$	-
Less: Net gains and losses recognized during the period on securities sold during the period		-			-			-			-
Unrealized gains and losses recognized during the reporting period on securities still held at the reporting date	$	(20	)	$	-		$	(65	)	$	-