Investments

We use the specific identification method when determining realized gains and losses on our available-for-sale securities. The following tables summarize unrealized gains and losses related to our investments:



Available-for-Sale	December 31, 2017
(In thousands)	Adjusted		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	5,454	$	—	$	(54	)	$	5,400
Fixed Income Bonds	2,342		1		(7		)	2,336
Time Deposits	799		—		(2		)	797
Total	$	8,595	$	1	$	(63	)	$	8,533



	June 30, 2017
	Adjusted		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	9,104	$	—	$	(61	)	$	9,043
Fixed Income Bonds	3,048		—		—			3,048
Time Deposits	799		—		—			799
Total	$	12,951	$	—	$	(61	)	$	12,890

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 9: Other Comprehensive Loss.”

We have certain financial instruments on our condensed consolidated balance sheet related to interest-bearing time deposits and fixed income bonds. These 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 December 31, 2017, and June 30, 2017:



	Carrying Value
	Short-Term Investments				Long-Term Investments
(In thousands)	December 31, 2017		June 30, 2017		December 31, 2017		June 30, 2017
Mutual Funds - Corporate & Government Debt	$	5,400	$	9,043	$	—	$	—
Time deposits
Maturities from 1-90 days	—		—		—		—
Maturities from 91-360 days	251		250		—		—
Maturities over 360 days	—		—		546		549
Fixed Income Bonds
Maturities less than 1 year	1,627		1,607		—		—
Maturities from 1-3 years	—		—		709		1,441
Maturities from 3-5 years	—		—		—		—
Total	$	7,278	$	10,900	$	1,255	$	1,990