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AVAILABLE-FOR-SALE SECURITIES
 9 Months Ended
Mar. 31, 2016
AVAILABLE-FOR-SALE SECURITIES  
AVAILABLE-FOR-SALE SECURITIES

 

4. AVAILABLE-FOR-SALE SECURITIES

 

The Company’s available-for-sale securities as of March 31, 2016 and June 30, 2015 consist of the following:

 

 

 

As of March 31, 2016

 

 

 

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

Cost Basis

 

Gain

 

Loss

 

Fair Value

 

Non-current:

 

 

 

 

 

 

 

 

 

Seabridge

 

$
3,307 

 
554 

 

—

 

$
3,861 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
3,307 

 

$
554 

 

$

—

 

$
3,861 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 is the investment in Seabridge Gold, Inc. (“Seabridge”) common stock, acquired in June 2011.  During the three months ended March 31, 2016, the Company sold 666,666 shares of its Seabridge common stock, resulting in a realized gain of approximately $0.7 million.  The realized gain is recorded within Interest and other income on the Company’s consolidated statements of operations and comprehensive income for the three and nine months ended March 31, 2016.