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Note 7 - Investments
 3 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Investment [Text Block]

(7)

Investments

 

We have investments in debt securities intended to enhance returns on our cash as well as to fund future obligations. Our short-term investments consist of U.S. Treasury bills, with maturities of less than one year, and total $50.0 million at September 30, 2025. Our long-term investments consist of U.S. Treasury notes, with maturities ranging between one and two years, and total $70.0 million at September 30, 2025. We had $9.9 million of U.S. Treasuries mature during the first three months of fiscal 2026, which were subsequently reinvested for $10.0 million. All unrealized gains and losses are included in Accumulated other comprehensive loss within our consolidated balance sheets.

 

Our debt securities are presented below in accordance with their stated maturities (in thousands):

 

   

September 30, 2025

  
   

Amortized cost

    

Gross unrealized gains

    

Gross unrealized losses

    

Fair Value

  

Due within one year

   $ 49,948     $ 79     $ (42 )   $ 49,985  

Due within one and two years

     69,866       179       -       70,045  

Total

   $ 119,814     $ 258     $ (42 )   $ 120,030  

 

   

June 30, 2025

  
   

Amortized cost

    

Gross unrealized gains

    

Gross unrealized losses

    

Fair Value

  

Due within one year

   $ 59,952     $ 66     $ (63 )   $ 59,955  

Due within one and two years

     59,941       95       (6 )     60,030  

Total

   $ 119,893     $ 161     $ (69 )   $ 119,985