Annual report pursuant to Section 13 and 15(d)

Other Income / (Expense)

Other Income / (Expense)

12 Months Ended

Jun. 30, 2023

Note 11. Other Income / (Expense)

The components of other income (expense) in the accompanying Statement of Earnings and Comprehensive Income are as follows (in thousands):


	Year Ended
	June 30,
	2023		2022		2021
Interest expense	$	(11,215)	$	(11,309)	$	(13,952)
Interest income		3,410		794		473
Gain (loss) on investment⁽¹⁾		49,328		15,186		(68,047)
Gain (loss) on equity method investment		(1,143)		—		—
Other non-operating income (expense), net⁽¹⁾		(665)		125		(7,595)
Total other income (expense)	$	39,715		4,796	$	(89,121)

⁽¹⁾For the year ended June 30, 2023, primarily due to a $37.2 million gain on the sale of our CCXI investment, a $11.7 million gain on the sale of Eminence, and a gain of $0.4 million related to the change in fair value of our exchange traded bond funds, compared to a $16.1 million gain in the fair value of our CCXI investment for the year ended June 30, 2022 and a loss of $67.9 million in the fair value of our CCXI investment in the year ended June 30, 2021.