AVAILABLE-FOR-SALE SECURITIES

12 Months Ended

Jun. 30, 2016

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES

5. AVAILABLE-FOR-SALE SECURITIES

        The Company's available-for-sale securities as of June 30, 2016 and 2015 consist of the following:

	As of June 30, 2016
	(Amounts in thousands)
			Unrealized
	Cost Basis						Fair Value
			Gain		Loss
Non-current:
Seabridge	$	—		—		—	$	—
	$	—	$	—	$	—	$	—

	As of June 30, 2015
	(Amounts in thousands)
			Unrealized
	Cost Basis		Gain		Loss			Fair Value
Non-current:
Seabridge	$	9,565		—		(3,292	)	$	6,273
	$	9,565	$	—	$	(3,292	)	$	6,273

        Our only significant available-for-sale security was the investment in Seabridge Gold, Inc. ("Seabridge") common stock, acquired in June 2011. During the fiscal year ended June 30, 2016, the Company sold all of its Seabridge common stock, resulting in a realized gain of approximately $2.3 million.