Quarterly report pursuant to Section 13 or 15(d)

Investments in Debt Securities

v3.20.4
Investments in Debt Securities
6 Months Ended
Dec. 31, 2020
Investments in Debt Securities  
Investments in Debt Securities

6.   Investments in Debt Securities

Investments in debt securities consist of AA and A rated corporate bonds bearing interest at rates from 0.45% to 4.25% with maturities from April 2021 to December 2022. The components of investments in debt securities are as follows (in thousands):

 

 

 

 

 

 

    

December 31,

 

 

2020

Adjusted cost

 

$

16,415

Gross unrealized losses

 

 

(20)

Fair value

 

$

16,395

 

The fair value of available-for-sale debt securities, by contractual maturity, as of December 31, 2020, was as follows (in thousands):

 

 

 

 

 

Fiscal period ending on December 31:

    

Fair Value

2021

 

$

6,073

2022

 

 

10,322

 

 

$

16,395

 

Amortization of premiums paid on the debt securities amounted to $50,000 for the three and six months ended December 31, 2020.