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INVESTMENTS (Tables) | 9 Months Ended
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Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Schedule of Trading and Available-for-Sale Securities | The following details the components of the Company’s investments as of March 31, 2014, and June 30, 2013.
|  | March 31, 2014 (in thousands)
|  |  |  | Gross Unrealized |  |
|  | Cost |  | Gains |  | (Losses) |  | Fair Value
Trading securities 1 |  |  |  |  |  |  |  |
Offshore fund |  | $ | 1,184 |  |  | $ | — |  |  | $ | (310 | ) |  | $ | 874 |
Mutual funds - Fixed income |  | 17,236 |  |  | 69 |  |  | (5 | ) |  | 17,300 |
Mutual funds - Domestic equity |  | 535 |  |  | — |  |  | (80 | ) |  | 455 |
Other |  | 107 |  |  | — |  |  | (90 | ) |  | 17 |
Total trading securities |  | $ | 19,062 |  |  | $ | 69 |  |  | $ | (485 | ) |  | $ | 18,646 |
Available-for-sale securities 2 |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 378 |  |  | $ | 414 |  |  | $ | (4 | ) |  | $ | 788 |
Common stock - International |  | 661 |  |  | 699 |  |  | (5 | ) |  | 1,355 |
Corporate debt |  | 1,706 |  |  | 35 |  |  | (17 | ) |  | 1,724 |
Mutual funds - Fixed income |  | 1,475 |  |  | 9 |  |  | (3 | ) |  | 1,481 |
Mutual funds - Domestic equity |  | 660 |  |  | — |  |  | (2 | ) |  | 658 |
Other |  | 232 |  |  | 6 |  |  | (3 | ) |  | 235 |
Total available-for-sale securities 3 |  | $ | 5,112 |  |  | $ | 1,163 |  |  | $ | (34 | ) |  | $ | 6,241 |
|  | June 30, 2013 (in thousands)
|  |  |  | Gross Unrealized |  |
|  | Cost |  | Gains |  | (Losses) |  | Fair Value
Trading securities 1 |  |  |  |  |  |  |  |
Offshore fund |  | $ | 1,184 |  |  | $ | — |  |  | $ | (398 | ) |  | $ | 786 |
Mutual funds - Emerging markets |  | 516 |  |  | — |  |  | (156 | ) |  | 360 |
Mutual funds - Fixed income |  | 3,116 |  |  | 75 |  |  | — |  |  | 3,191 |
Mutual funds - Domestic equity |  | 535 |  |  | — |  |  | (136 | ) |  | 399 |
Other |  | 107 |  |  | — |  |  | (85 | ) |  | 22 |
Total trading securities |  | $ | 5,458 |  |  | $ | 75 |  |  | $ | (775 | ) |  | $ | 4,758 |
Available-for-sale securities 2 |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 266 |  |  | $ | 313 |  |  | $ | — |  |  | $ | 579 |
Common stock - International |  | 604 |  |  | 216 |  |  | (5 | ) |  | 815 |
Offshore fund |  | 5,000 |  |  | — |  |  | (288 | ) |  | 4,712 |
Mutual funds - Fixed income |  | 1,000 |  |  | 4 |  |  | — |  |  | 1,004 |
Mutual funds - Domestic equity |  | 1,010 |  |  | 756 |  |  | — |  |  | 1,766 |
Other |  | 185 |  |  | — |  |  | (8 | ) |  | 177 |
Total available-for-sale securities 3 |  | $ | 8,065 |  |  | $ | 1,289 |  |  | $ | (301 | ) |  | $ | 9,053 |
1 | Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
2 | Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.
3 | Net unrealized gains on available-for-sale securities gross and net of tax as of March 31, 2014, are $1,129 and $745, respectively, and as of June 30, 2013, are $988 and $652, respectively.
Summary of Gross Unrealized Losses and Fair Values of Available-for-Sale Investment Securities | The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
|  | March 31, 2014 (in thousands)
|  | Less Than 12 Months |  | 12 Months or Greater |  | Total
|  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 200 |  |  | $ | (4 | ) |  | $ | — |  |  | $ | — |  |  | $ | 200 |  |  | $ | (4 | )
Common stock - International |  | 107 |  |  | (5 | ) |  | — |  |  | — |  |  | 107 |  |  | (5 | )
Corporate debt |  | 27 |  |  | (17 | ) |  | — |  |  | — |  |  | 27 |  |  | (17 | )
Mutual funds - Fixed income |  | 371 |  |  | (3 | ) |  | — |  |  | — |  |  | 371 |  |  | (3 | )
Mutual funds - Domestic equity |  | 116 |  |  | (2 | ) |  | — |  |  | — |  |  | 116 |  |  | (2 | )
Other |  | 59 |  |  | (3 | ) |  | — |  |  | — |  |  | 59 |  |  | (3 | )
Total available-for-sale securities |  | $ | 880 |  |  | $ | (34 | ) |  | $ | — |  |  | $ | — |  |  | $ | 880 |  |  | $ | (34 | )
|  | June 30, 2013 (in thousands)
|  | Less Than 12 Months |  | 12 Months or Greater |  | Total
|  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |
Common stock - International |  | $ | 95 |  |  | $ | (5 | ) |  | $ | — |  |  | $ | — |  |  | $ | 95 |  |  | $ | (5 | )
Offshore fund |  | — |  |  | — |  |  | 4,712 |  |  | (288 | ) |  | 4,712 |  |  | (288 | )
Other |  | 166 |  |  | (8 | ) |  | — |  |  | — |  |  | 166 |  |  | (8 | )
Total available-for-sale securities |  | $ | 261 |  |  | $ | (13 | ) |  | $ | 4,712 |  |  | $ | (288 | ) |  | $ | 4,973 |  |  | $ | (301 | )
Investment Income (Loss) Reflected in Earnings | The following summarizes investment income reflected in earnings for the periods discussed:
Investment Income (Loss) |  | Nine Months Ended March 31, |  | Three Months Ended March 31,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Realized gains on sales of available-for-sale securities |  | $ | 999,342 |  |  | $ | 234,709 |  |  | $ | 306,669 |  |  | $ | 17,509 |
Realized losses on sales of trading securities |  | (168,364 | ) |  | (244,627 | ) |  | (146 | ) |  | — |
Unrealized gains (losses) on trading securities |  | 283,731 |  |  | 280,472 |  |  | 5,539 |  |  | (68,267 | )
Realized foreign currency gains |  | 6,466 |  |  | 1,658 |  |  | 1,939 |  |  | 4,409 |
Other-than-temporary declines in available-for sale securities |  | (2,972 | ) |  | (41,837 | ) |  | (2,972 | ) |  | — |
Dividend and interest income |  | 364,213 |  |  | 115,182 |  |  | 62,512 |  |  | 30,268 |
Total Investment Income (Loss) |  | $ | 1,482,416 |  |  | $ | 345,557 |  |  | $ | 373,541 |  |  | $ | (16,081 | )

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