Investments

12 Months Ended

Jun. 30, 2021

(6) Investments

Equity investments by measurement category as of June 30, 2021 and June 30, 2020 were as follows (in thousands):


Measurement category	2021		2020
Fair value	$	29,084	$	-
Measurement alternative		23,002		30,033
Equity method		17,154		14,109
Total	$	69,240	$	44,142

The following table shows a reconciliation of the changes in our equity investments for the year ended June 30, 2021 (in thousands):


	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	30,033	$	-	$	14,109	$	44,142
Investments		2,538		5,000		14,250		21,788
Observable price adjustments on non-marketable equity securities		1,000		-		-		1,000
Ongoing mark-to-market adjustments on marketable equity securities		-		13,515		-		13,515
Reclassifications ⁽¹⁾		(10,569)		10,569		-		-
Loss attributable to equity method investments		-		-		(11,205)		(11,205)
Carrying value at the end of the period	$	23,002	$	29,084	$	17,154	$	69,240

(1)During the year ended June 30, 2021, one of our investments, which was previously accounted for under the measurement alternative, completed its initial public offering which resulted in a change of accounting methodology to fair value.

The following table shows a reconciliation of the changes in our equity investments for the year ended June 30, 2020 (in thousands):


	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	30,436	$	-	$	21,667	$	52,103
Investments		14,116		-		17,500		31,616
Impairment of investments		(14,519)		-		-		(14,519)
Loss attributable to equity method investments		-		-		(25,058)		(25,058)
Carrying value at the end of the period	$	30,033	$	-	$	14,109	$	44,142

Net unrealized gains and losses recognized in the years ended June 30, 2021, 2020 and 2019 for equity investments in non-marketable and marketable securities still held as of those respective dates were a gain of $14.5 million, a loss of $14.5 million, and a loss of $15.0 million, respectively.