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Marketable Investment Securities
 9 Months Ended
Mar. 31, 2015
Marketable Investment Securities
(2) Marketable Investment Securities

The Company has classified its marketable investment securities as available-for-sale securities. These securities are carried at estimated fair value with unrealized holding gains and losses, net of the related tax effect, included in accumulated other comprehensive loss in stockholders’ equity until realized. Gains and losses on investment security transactions are reported on the specific-identification method. Dividend and interest income are recognized when earned. The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of security at March 31, 2015 and June 30, 2014 were as follows:

 

(In thousands)    Amortized
cost		      Gross
unrealized
holding
gains		      Gross
unrealized
holding
losses		      Estimated
fair value		  

At March 31, 2015:

            

Cash and cash equivalents:

            

Cash

    $ 45,092       $ —         $ —         $ 45,092   

Cash equivalents

      10,117         —           —           10,117   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total cash and cash equivalents

   55,209      —        —        55,209   
  

 

 

     

 

 

     

 

 

     

 

 

  

Available-for-sale securities:

Corporate bonds and notes

   35,733      12      (11 )    35,734   

Municipal bonds

   71,534      104      (22 )    71,616   

Federal agency issues

   13,074      1      (1 )    13,074   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total available-for-sale securities

   120,341      117      (34 )    120,424   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total cash, cash equivalents
  

 

 

     

 

 

     

 

 

     

 

 

  

and available-for-sale securities

 $ 175,550    $ 117    $ (34 )  $ 175,633   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(In thousands)    Amortized
cost		      Gross
unrealized
holding
gains		      Gross
unrealized
holding
losses		      Estimated
fair value		  

At June 30, 2014:

            

Cash and cash equivalents:

            

Cash

    $ 45,181       $ —         $ —         $ 45,181   

Cash equivalents

      19,639         1         —           19,640   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total cash and cash equivalents

   64,820      1      —        64,821   
  

 

 

     

 

 

     

 

 

     

 

 

  

Available-for-sale securities:

Corporate bonds and notes

   44,449      36      (11 )    44,474   

Municipal bonds

   137,821      334      (3 )    138,152   

Federal agency issues

   23,134      12      (7 )    23,139   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total available-for-sale securities

   205,404      382      (21 )    205,765   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total cash, cash equivalents
  

 

 

     

 

 

     

 

 

     

 

 

  

and available-for-sale securities

 $ 270,224    $ 383    $ (21 )  $ 270,586   
  

 

 

     

 

 

     

 

 

     

 

 

  

Cash, cash equivalents, and maturities of debt securities classified as available-for-sale securities are as follows at March 31, 2015:

 

(In thousands)    Amortized
cost		      Estimated
fair value		  

Cash

    $ 45,092       $ 45,092   

Cash equivalents

      10,117         10,117   

Available-for-sale:

      

Due within one year

      79,200         79,224   

Due after one year through five years

      41,141         41,200   

Due after five years

      —           —     
  

 

 

     

 

 

  
$ 175,550    $ 175,633