Annual report pursuant to Section 13 and 15(d)

Available-for-sale investments (Tables)

v2.4.0.6
Available-for-sale investments (Tables)
 12 Months Ended
Jun. 30, 2012
Amortized Cost and Market Value of Available-For-Sale Securities by Major Security Type

At June 30, 2012 and 2011, 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,  
     2012      2011  
     Cost      Market      Cost      Market  

State and municipal debt securities

    $ 161,761       $ 162,740       $ 166,005       $ 166,846   

Corporate debt securities

      22,693         22,802         16,100         16,246   

Foreign corporate debt securities

      16,041         16,071         7,474         7,489   

U.S. government securities

      0         0         1,502         1,517   

Foreign government securities

      0         0         3,090         3,090   

Equity securities

      29,472         94,664         0         0   
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 229,967       $ 296,277       $ 194,171       $ 195,188   
  

 

 

     

 

 

     

 

 

     

 

 

  
Available for Sale Investments with Level 3 inputs

Activity related to available-for-sale investments with Level 3 inputs were as follows (in thousands):

 

    

Year Ended

June 30,

  
     2012  

Beginning balance

    $ 0   

Issuance of note receivable

      10,000   

Conversion of note receivable to CCXI common stock

      (10,000 ) 
  

 

 

  

Ending balance

    $ 0   
  

 

 

  
Investments in Unrealized Loss Position, Determined to be Temporarily Impaired

At June 30, 2012, 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

    $ 15,407       $ 27   

Greater than one year

      1,542         6   
  

 

 

     

 

 

  
   $ 16,949       $ 33   
  

 

 

     

 

 

  
Contractual Maturities of Available-For-Sale Investments

Contractual maturities of available-for-sale debt securities 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, 2012:

       

Due within one year

    $ 57,647   

Due one to five years

      143,966   
  

 

 

  
   $ 201,613