Quarterly report pursuant to Section 13 or 15(d)

Investments in Debt Securities

v3.21.1
Investments in Debt Securities
9 Months Ended
Mar. 31, 2021
Investments in Debt Securities [Abstract]  
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 0.26% to 4.25% with maturities from April 2021 to December 2022. The components of investments in debt securities are as follows (in thousands):

 

 

 

 

 

 

    

March 31, 

 

 

2021

Adjusted cost

 

$

19,332

Gross unrealized losses

 

 

(36)

Fair value

 

$

19,296

 

The fair value of available-for-sale debt securities, by contractual maturity, as of March 31, 2021, was as follows (in thousands):

 

 

 

 

 

Fiscal period ending on March 31:

 

Fair Value

2021

 

$

6,875

2022

 

 

12,421

 

 

$

19,296

 

Amortization of premiums paid on the debt securities amounted to $80,000 and $130,000 for the three and nine months ended March 31, 2021, respectively.