As of June 30, 2026, the Company held an investment in Townsquare Media, Inc. (“Townsquare”). The Company also previously held an investment in DraftKings Inc. (“DraftKings”), which was sold during the first quarter of Fiscal Year 2024:

•Townsquare is a media, entertainment and digital marketing solutions company that is listed on the New York Stock Exchange (the “NYSE”) under the symbol “TSQ.”

•DraftKings is a fantasy sports contest and sports gambling provider that is listed on the Nasdaq Stock Market under the symbol “DKNG.”

As of June 30, 2026, the Company also held other equity investments held in trust under the Company’s Executive Deferred Compensation Plan. See Note 12. Pension Plans and Other Postretirement Benefit Plans for further details regarding the plan.

The fair value of the Company’s equity investments with readily determinable fair values is determined based on quoted market prices in active markets, which are classified within Level I of the fair value hierarchy.

The carrying value of these investments, which is reported under Other non-current assets in the consolidated balance sheets as of June 30, 2026 and 2025, is as follows:


	As of June 30,
	2026		2025
Equity investments with readily determinable fair values:
Townsquare Class A common stock	$	896	$	1,002
Other equity investments with readily determinable fair values held in trust under the Company’s Executive Deferred Compensation Plan	6,924		5,238
Equity investments without readily determinable fair values	959		848
Total investments	$	8,779	$	7,088

The following table summarizes the realized and unrealized gain (loss) on equity investments with readily determinable fair values, which is recorded in Other expense, net in the consolidated statements of operations:


	Years Ended June 30,
	2026		2025		2024
Unrealized loss— Townsquare	$	(106)	$	(386)	$	(1,591)
Unrealized gain — Executive Deferred Compensation Plan	968		508		495
Total Unrealized gain (loss)	$	862	$	122	$	(1,096)
Gain from shares sold — DraftKings	—		—		1,548
Gain (loss) from shares sold — Townsquare	—		5		(1,694)
Total realized and unrealized gain (loss)	$	862	$	127	$	(1,242)
Supplemental information on realized gain (loss):
Shares of common stock sold — DraftKings	—		—		425
Cash proceeds from common stock sold — DraftKings	$	—	$	—	$	12,844
Shares of common stock sold — Townsquare	—		5		1,577
Cash proceeds from common stock sold — Townsquare	$	—	$	55	$	15,621