Cash, Cash Equivalents and Short Term Investments

9 Months Ended

Mar. 31, 2012

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

Cash, Cash Equivalents, and Short-Term Investments

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Short-term investments typically consist of marketable securities and money market investments with maturities between three and twelve months. Investments are classified as held-to-maturity, trading, or available-for-sale at the time of purchase. At March 31, 2012 and June 30, 2011, the Company had $6.0 million and $8.6 million in cash and cash equivalents, respectively.

Realized gains or losses, interest, and dividends are included in interest income.