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AVAILABLE-FOR-SALE SECURITIES
 12 Months Ended
Jun. 30, 2014
AVAILABLE-FOR-SALE SECURITIES  
AVAILABLE-FOR-SALE SECURITIES

5. AVAILABLE-FOR-SALE SECURITIES

        The Company's available-for-sale securities as of June 30, 2014 and 2013 consist of the following:

 
   As of June 30, 2014  
 
    
   (Amounts
in thousands)
Unrealized		    
  
 
   Cost Basis   Gain   Loss   Fair Value  

Non-current:

                          

Seabridge

   $ 9,565     —     —   $ 9,565  

Other

     203     —     (160 )   43  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 9,768   $ —   $ (160 ) $ 9,608  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   As of June 30, 2013  
 
    
   (Amounts
in thousands)
Unrealized		    
  
 
   Cost Basis   Gain   Loss   Fair Value  

Non-current:

                          

Seabridge

   $ 14,064     —     (4,509 ) $ 9,555  

Other

     203     —     (63 )   140  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 14,267   $ —   $ (4,572 ) $ 9,695  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

        The most significant available-for-sale security is the investment in Seabridge common stock, acquired in June 2011 and discussed in greater detail within Note 3 of our notes to consolidated financial statements. Based on our quarterly impairment analysis, the Company determined that the impairment of its investment in Seabridge common stock is other-than-temporary. As a result of the impairment, the Company recognized a loss on available-for-sale securities of $4.5 million during the fourth quarter of our fiscal year ended June 30, 2014. The Company also recognized a loss on available-for-sale securities related to our investment in Seabridge common stock of $12.1 million during the third quarter of our fiscal year ended June 30, 2013. The recognized losses have been reclassified out of comprehensive income in the respective periods. The Company will continue to evaluate its investment in Seabridge common stock considering additional facts and circumstances as they arise, including, but not limited to, the progress of development of Seabridge's KSM project.