Annual report pursuant to Section 13 and 15(d)

Investments in Debt Securities

v3.22.2.2
Investments in Debt Securities
12 Months Ended
Jun. 30, 2022
Investments in Debt Securities [Abstract]  
Investments in Debt Securities

8. Investments in Debt Securities

Investments in debt securities consist of AA and A rated corporate bonds bearing interest at rates from 0.25% to 3.5% with maturities from August 2022 to February 2024. The components of investments in debt securities are as follows (in thousands):

June 30, 

June 30,

2022

2021

Adjusted cost

$

11,029

$

19,603

Gross unrealized losses

(184)

(33)

Fair value

$

10,845

$

19,570

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

June 30, 

June 30

Fiscal period ending:

2022

2021

2023

$

8,054

$

11,430

2024

2,791

8,140

$

10,845

$

19,570

Amortization of premiums paid on the debt securities amounted to $312,000 and $216,000 for the years ended June 30, 2022 and 2021, respectively.