Annual report pursuant to Section 13 and 15(d)

Available-for-sale investments (Tables)

 v2.3.0.11
Available-for-sale investments (Tables)
 12 Months Ended
Jun. 30, 2011
Amortized Cost and Market Value of Available-For-Sale Securities by Major Security Type

At June 30, 2011 and 2010, the amortized cost and market value of the Company’s available-for-sale securities by major security type were as follows (in thousands):

 

     June 30,  
     2011      2010  
     Cost      Market      Cost      Market  

State and municipal debt securities

    $ 166,005       $ 166,846       $ 196,452       $ 197,437   

Corporate debt securities

      16,100         16,246         12,688         12,849   

U.S. government securities

      1,502         1,517         771         771   

Foreign corporate debt securities

      7,474         7,489         4,639         4,639   

Foreign government securities

      3,090         3,090         147         147   
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 194,171       $ 195,188       $ 214,697       $ 215,843   
  

 

 

     

 

 

     

 

 

     

 

 

  
Investments in an Unrealized Loss Position, Determined to be Temporarily Impaired

At June 30, 2011, the Company’s investments in an unrealized loss position that have been determined to be temporarily impaired were as follows (in thousands):

 

Period of Unrealized Loss:

    Fair
Value		      Unrealized
Losses		  

Less than one year

    $ 3,561       $ 58   

Greater than one year

      0         0   
  

 

 

     

 

 

  
   $ 3,561       $ 58   
  

 

 

     

 

 

  
Contractual Maturities of Available-For-Sale Investments

Contractual maturities of available-for-sale investments are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to recall or prepay obligations with or without call or prepayment penalties.

 

Year Ending June 30, 2011:

       

Due within one year

    $ 63,200   

Due one to five years

      131,988   
  

 

 

  
   $ 195,188