(4) Investments

The following tables summarize gains and losses related to the Company’s investments:

	June 30, 2018
Available-for-Sale	Adjusted		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gain		Loss			Value
Mutual Funds - Corporate & Government Debt	$	1,751	$	—	$	(23	)	$	1,728
Fixed Income Bonds		1,333		—		(5	)		1,328
Time Deposits		548		—		(3	)		545
Total	$	3,632	$	—	$	(31	)	$	3,601

	June 30, 2017
Available-for-Sale	Adjusted		Unrealized		Unrealized			Fair
(In thousands)	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

The Company has certain financial instruments on its 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 comprise a set of highly diversified bonds issued by various corporations and entities that in aggregate represent an above average investment-grade fixed income portfolio.

	Carrying Value
	Short-Term Investments				Long-Term Investments
(In thousands)	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Mutual Funds - Corporate & Government Debt	$	1,728	$	9,043	$	—	$	—
Time Deposits
Maturities from 1-90 days		—		—		—		—
Maturities from 91-360 days		495		250		—		—
Maturities over 360 days		—		—		50		549
Fixed Income Bonds
Maturities less than 1 year		1,328		1,607		—		—
Maturities from 1-3 years		—		—		—		1,441
Total	$	3,551	$	10,900	$	50	$	1,990