Annual report pursuant to Section 13 and 15(d)

Available-For-Sale Investments (Tables)

Available-For-Sale Investments (Tables)

12 Months Ended

Jun. 30, 2013

Amortized Cost and Market Value of Available-For-Sale Securities by Major Security Type

At June 30, 2013 and 2012, 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,
	2013				2012
	Cost		Market		Cost		Market
State and municipal debt securities	$	179,463	$	179,764	$	161,761	$	162,740
Corporate debt securities		12,804		12,817		22,693		22,802
Foreign corporate debt securities		4,484		4,490		6,080		6,110
Certificates of deposit		14,809		14,809		9,961		9,961
Equity securities		29,472		89,647		29,472		94,664

	$	241,032	$	301,527	$	229,967	$	296,277

Investments in Unrealized Loss Position, Determined to be Temporarily Impaired

At June 30, 2013, 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	$	54,257	$	218
Greater than one year		0		0

	$	54,257	$	218

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, 2013:
Due within one year	$	79,504
Due one to five years		132,376

	$	211,880

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details