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INVESTMENTS (Tables) | 6 Months Ended
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Dec. 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 recorded as fair value as of December 31, 2014, and June 30, 2014.
|  | December 31, 2014
|  |  |  | Gross Unrealized |  |
(dollars in thousands) |  | Cost |  | Gains |  | (Losses) |  | Fair Value
Trading securities 1 |  |  |  |  |  |  |  |
Offshore fund |  | $ | 1,184 |  |  | $ | — |  |  | $ | (624 | ) |  | $ | 560 |
Mutual funds - Fixed income |  | 15,991 |  |  | 79 |  |  | (1 | ) |  | 16,069 |
Mutual funds - Domestic equity |  | 535 |  |  | — |  |  | (149 | ) |  | 386 |
Other |  | 81 |  |  | — |  |  | (81 | ) |  | — |
Total trading securities |  | $ | 17,791 |  |  | $ | 79 |  |  | $ | (855 | ) |  | $ | 17,015 |
Available-for-sale securities 2 |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 585 |  |  | $ | 621 |  |  | $ | (8 | ) |  | $ | 1,198 |
Common stock - International |  | 652 |  |  | 249 |  |  | (27 | ) |  | 874 |
Corporate debt |  | 1,693 |  |  | — |  |  | (1,073 | ) |  | 620 |
Mutual funds - Fixed income |  | 1,228 |  |  | 14 |  |  | (20 | ) |  | 1,222 |
Mutual funds - Domestic equity |  | 543 |  |  | — |  |  | (77 | ) |  | 466 |
Other |  | 169 |  |  | 2 |  |  | (4 | ) |  | 167 |
Total available-for-sale securities 3 |  | $ | 4,870 |  |  | $ | 886 |  |  | $ | (1,209 | ) |  | $ | 4,547 |
|  | June 30, 2014
|  |  |  | Gross Unrealized |  |
(dollars in thousands) |  | Cost |  | Gains |  | (Losses) |  | Fair Value
Trading securities 1 |  |  |  |  |  |  |  |
Offshore fund |  | $ | 1,184 |  |  | $ | — |  |  | $ | (186 | ) |  | $ | 998 |
Mutual funds - Fixed income |  | 16,241 |  |  | 92 |  |  | — |  |  | 16,333 |
Mutual funds - Domestic equity |  | 535 |  |  | — |  |  | (76 | ) |  | 459 |
Other |  | 107 |  |  | — |  |  | (80 | ) |  | 27 |
Total trading securities |  | $ | 18,067 |  |  | $ | 92 |  |  | $ | (342 | ) |  | $ | 17,817 |
Available-for-sale securities 2 |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 535 |  |  | $ | 586 |  |  | $ | (3 | ) |  | $ | 1,118 |
Common stock - International |  | 607 |  |  | 802 |  |  | — |  |  | 1,409 |
Corporate debt |  | 1,706 |  |  | — |  |  | (74 | ) |  | 1,632 |
Mutual funds - Fixed income |  | 1,228 |  |  | 21 |  |  | (2 | ) |  | 1,247 |
Mutual funds - Domestic equity |  | 543 |  |  | 7 |  |  | — |  |  | 550 |
Other |  | 232 |  |  | 9 |  |  | (1 | ) |  | 240 |
Total available-for-sale securities 3 |  | $ | 4,851 |  |  | $ | 1,425 |  |  | $ | (80 | ) |  | $ | 6,196 |
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 (losses) on available-for-sale securities gross and net of tax as of December 31, 2014, are $(323) and $(213), respectively, and as of June 30, 2014, are $1,345 and $888, 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:
|  | December 31, 2014
|  | Less Than 12 Months |  | 12 Months or Greater |  | Total
(dollars in thousands) |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 18 |  |  | $ | — |  |  | $ | 101 |  |  | $ | (8 | ) |  | $ | 119 |  |  | $ | (8 | )
Common stock - International |  | 78 |  |  | (15 | ) |  | 43 |  |  | (12 | ) |  | 121 |  |  | (27 | )
Corporate debt |  | 383 |  |  | (1,073 | ) |  | — |  |  | — |  |  | 383 |  |  | (1,073 | )
Mutual funds - Fixed income |  | 209 |  |  | (20 | ) |  | — |  |  | — |  |  | 209 |  |  | (20 | )
Mutual funds - Domestic equity |  | 466 |  |  | (77 | ) |  | — |  |  | — |  |  | 466 |  |  | (77 | )
Other |  | 10 |  |  | (4 | ) |  | — |  |  | — |  |  | 10 |  |  | (4 | )
Total available-for-sale securities |  | $ | 1,164 |  |  | $ | (1,189 | ) |  | $ | 144 |  |  | $ | (20 | ) |  | $ | 1,308 |  |  | $ | (1,209 | )
|  | June 30, 2014
|  | Less Than 12 Months |  | 12 Months or Greater |  | Total
(dollars in thousands) |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 125 |  |  | $ | (3 | ) |  | $ | — |  |  | $ | — |  |  | $ | 125 |  |  | $ | (3 | )
Corporate debt |  | 1,382 |  |  | (74 | ) |  | — |  |  | — |  |  | 1,382 |  |  | (74 | )
Mutual funds - Fixed income |  | 151 |  |  | (2 | ) |  | — |  |  | — |  |  | 151 |  |  | (2 | )
Other |  | 118 |  |  | (1 | ) |  | — |  |  | — |  |  | 118 |  |  | (1 | )
Total available-for-sale securities |  | $ | 1,776 |  |  | $ | (80 | ) |  | $ | — |  |  | $ | — |  |  | $ | 1,776 |  |  | $ | (80 | )
Investment Income (Loss) Reflected in Earnings | The following summarizes investment income reflected in earnings for the periods discussed:
(dollars in thousands) |  | Six Months Ended December 31, |  | Three Months Ended December 31,
Investment Income (Loss) |  | 2014 |  | 2013 |  | 2014 |  | 2013
Realized gains (losses) on sales of available-for-sale securities |  | $ | 382 |  |  | $ | 692 |  |  | $ | 86 |  |  | $ | (183 | )
Realized losses on sales of trading securities |  | (6 | ) |  | (168 | ) |  | (6 | ) |  | (168 | )
Unrealized gains (losses) on trading securities |  | (526 | ) |  | 278 |  |  | (295 | ) |  | 169 |
Realized foreign currency gains |  | 23 |  |  | 5 |  |  | 4 |  |  | — |
Dividend and interest income |  | 400 |  |  | 302 |  |  | 264 |  |  | 230 |
Total Investment Income |  | $ | 273 |  |  | $ | 1,109 |  |  | $ | 53 |  |  | $ | 48 |

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- Definition Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.M) -URI http://asc.fasb.org/extlink&oid=27011274&loc=d3e87990-122713 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (c)-(e) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section M + Details
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