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