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Investments
 9 Months Ended
Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]  
Investments
Investments
 
We use the specific identification method when determining realized gains and losses on our available-for-sale and held-to-maturity securities. The following tables summarize unrealized gains and losses related to our investments:
 
Available-for-Sale
 
March 31, 2017
(In thousands)
 
Adjusted
 
Unrealized
 
Unrealized
 
Fair
 
 
Cost
 
Gain
 
Loss
 
Value
Mutual Funds - Corporate & Government Debt
 
$
9,104

 
$
—

 
$
(62
)
 
$
9,042

Total
 
$
9,104

 
$
—

 
$
(62
)
 
$
9,042

 
 
June 30, 2016
 
 
Adjusted
 
Unrealized
 
Unrealized
 
Fair
 
 
Cost
 
Gain
 
Loss
 
Value
Mutual Funds - Corporate & Government Debt
 
$
12,908

 
$
—

 
$
(101
)
 
$
12,807

Total
 
$
12,908

 
$
—

 
$
(101
)
 
$
12,807


 
For information on the unrealized holding losses on available-for-sale investments reclassified out of accumulated other comprehensive loss into the consolidated statements of income, see “Note 8: Other Comprehensive Loss.”

Held-to-Maturity
 
March 31, 2017
(In thousands)
 
Carrying
 
Unrealized
 
Unrealized
 
Fair
 
 
Value
 
Gain
 
Loss
 
Value
Fixed Income Bonds
 
$
3,144

 
$
1

 
$
(8
)
 
$
3,137

Time Deposits
 
798

 
1

 
(1
)
 
798

Total
 
$
3,942

 
$
2

 
$
(9
)
 
$
3,935

 
 
June 30, 2016
 
 
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



We have certain financial instruments on our condensed 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 investments, maturing over the next one to three years, are comprised of investment-grade fixed income securities in various corporations with ratings of BB- or better.

The following table presents the carrying amounts of certain financial instruments as of March 31, 2017, and June 30, 2016:

 
 
Carrying Value
 
 
Short-Term Investments
 
Long-Term Investments
(In thousands)
 
March 31, 2017
 
June 30, 2016
 
March 31, 2017
 
June 30, 2016
Mutual Funds - Corporate & Government Debt
 
$
9,042

 
$
12,807

 
$
—

 
$
—

Time deposits
 
 
 
 
 
 
 
 
Maturities from 1-90 days
 
—

 
2,243

 
—

 
—

Maturities from 91-360 days
 
250

 
1,699

 
—

 
—

Maturities over 360 days
 
—

 
—

 
548

 
1,048

Fixed Income Bonds
 
 
 
 
 
 
 
 
Maturities less than 1 year
 
1,506

 
353

 
—

 
—

Maturities from 1-3 years
 
—

 
—

 
1,638

 
3,160

Maturities from 3-5 years
 
—

 
—

 
—

 
—

Total
 
$
10,798

 
$
17,102

 
$
2,186

 
$
4,208