Quarterly report pursuant to Section 13 or 15(d)

Securities Available-for-Sale

v2.4.1.9
Securities Available-for-Sale
 9 Months Ended
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Securities Available-for-Sale
Note 4 - Securities Available-for-Sale
The following table presents the amortized cost, gross unrealized gains, gross unrealized losses, and fair market value of available-for-sale equity securities, nearly all of which are attributable to the Company's investment in Central stock, as follows:
 
March 31, 2015
 
Amortized
cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Fair
value
 
(In thousands)
Equity securities
$
19,339

 
$
—

 
$
(15,217
)
 
$
4,122

 
 
 
 
 
 
 
 
 
June 30, 2014
 
Amortized
cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Fair
value
 
(In thousands)
Equity securities
$
19,339

 
$
—

 
$
(7,404
)
 
$
11,935


Subsequent to March 31, 2015, the Company began the process of selling its investment in the common stock of an ASX-listed offshore exploration company other than Central for expected proceeds of approximately $24 thousand. The Company entered into this investment in 2009 and 2010 at an amortized cost of $192 thousand. Although the Company still held the investment as of March 31, 2015, as of the date of release of the accompanying condensed consolidated financial statements, the cumulative unrealized loss on this investment was deemed other-than-temporary and therefore an impairment loss of $168 thousand was recognized for the three and nine months ended March 31, 2015.