Investments

The following tables summarize gains and losses related to the Company’s investments:



Available-for-Sale	June 30, 2016
(In thousands)	Adjusted		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	12,908	$	—	$	(101	)	$	12,807
Total	$	12,908	$	—	$	(101	)	$	12,807



	June 30, 2015
	Adjusted		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	17,250	$	6	$	(29	)	$	17,227
Total	$	17,250	$	6	$	(29	)	$	17,227



Held-to-Maturity	June 30, 2016
(In thousands)	Carrying		Unrealized		Unrealized			Fair
	Value		Gain		Loss			Value
Fixed Income Bonds	$	3,513	$	11	$	(6	)	$	3,518
Time Deposits	4,990		7		—			4,997
Total	$	8,503	$	18	$	(6	)	$	8,515



	June 30, 2015
	Carrying		Unrealized		Unrealized			Fair
	Value		Gain		Loss			Value
Fixed Income Bonds	$	3,526	$	—	$	(32	)	$	3,494
Time Deposits	10,924		11		(5		)	10,930
Total	$	14,450	$	11	$	(37	)	$	14,424

The Company has certain financial instruments on its consolidated balance sheet related to interest bearing time deposits and fixed income bonds. These held-to-maturity time deposits are included in “Short-term investments” if the maturities at the end of the reporting period were 360 days or less or “Long-term investments” if the maturities at the end of the reporting period were over 360 days. Fixed income bonds, maturing over the next one to four years, are comprised of investments in various corporations with ratings of BBB- or better.



	Carrying Value
	Short-Term Investments				Long-Term Investments
(In thousands)	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Mutual Funds - Corporate & Government Debt	$	12,807	$	17,227	$	—	$	—
Time Deposits
Maturities from 1-90 days	2,243		1,496		—		—
Maturities from 91-360 days	1,699		4,438		—		—
Maturities over 360 days	—		—		1,048		4,990
Fixed Income Bonds
Maturities less than 1 year	353		—		—		—
Maturities from 1-3 years	—		—		3,160		2,073
Maturities from 3-5 years	—		—		—		1,453
Total	$	17,102	$	23,161	$	4,208	$	8,516