Investments

6 Months Ended

Dec. 31, 2011

Investments [Abstract]

Investments

Note 2 – Investments

Investments as of December 31, 2011 consist of non-taxable high quality municipal obligations. In accordance with FASB ASC Topic 320, "Investments – Debt and Equity Securities," the Company has classified its entire investment portfolio as available-for-sale securities with secondary or resale markets, and, as such, its portfolio is reported at fair value with unrealized gains and losses included in Comprehensive Income in stockholders' equity (see Note 11) and realized gains and losses included in Other income/(expense). The following is a summary of available-for-sale securities as of December 31, 2011 and June 30, 2011:

	December 31, 2011
	Amortized		Gross Unrealized				Estimated
Description	Cost		Gain		Loss		Fair Value
Municipal Obligations	$	15,415	$	179	$	—	$	15,594
Total Investments	$	15,415	$	179	$	—	$	15,594
	June 30, 2011
	Amortized		Gross Unrealized				Estimated
Description	Cost		Gain		Loss		Fair Value
Municipal Obligations	$	11,506	$	216	$	—	$	11,722
Total Investments	$	11,506	$	216	$	—	$	11,722

As of December 31, 2011, the Company's investments had maturities ranging from less than one year to approximately two years. The fair values of the Company's municipal obligations are obtained from broker quotes using pricing matrices based on inputs that may include quoted prices for identical or similar assets in the municipal bond market and based on other various inputs that are directly or indirectly observable. As of December 31, 2011, there were no investments with unrealized losses in the Company's portfolio.