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Investments (Tables)

12 Months Ended

Jun. 30, 2013

Investments All Other Investments [Abstract]

Investment Activity

The following table summarizes investment activity over the last three fiscal years:

		Year Ended June 30,
		2013				2012				2011
Realized losses on sale of trading securities		$	(244,627)			$	(2,638)			$	-
Trading securities, at cost			5,457,989				5,960,634				5,963,272
Trading securities, at fair value ¹			4,758,220				5,216,139				5,703,916
Net change in unrealized gains (losses) on trading securities (included in earnings)			44,728				(485,139)				631,192
Available-for-sale securities, at cost			8,064,902				8,117,844				3,081,439
Available-for-sale securities, at fair value ¹			9,053,111				8,824,311				4,660,928
Gross realized gains on sale of available-for-sale securities			265,641				179,379				139,458
Gross unrealized gains recorded in shareholders’ equity			1,289,689				951,631				1,596,949
Gross unrealized losses recorded in shareholders’ equity			(301,480)				(245,164)				(17,460)
Losses on available-for-sale securities deemed to have other-than-temporary declines in value			(47,459)				(19,073)				(3,699)

¹ These categories of securities are comprised primarily of equity investments, including those investments discussed in Note 17 regarding related party transactions.

Investment Income (Loss) Reflected in Earnings

The following summarizes investment income (loss) reflected in earnings for the periods discussed:

Investment Income (Loss)		Year Ended June 30,
		2013				2012				2011
Realized losses on sales of trading securities		$	(244,627)			$	(2,638)			$	-
Realized gains on sales of available-for-sale securities			265,641				179,379				139,458
Unrealized gains (losses) on trading securities			44,728				(485,139)				631,192
Realized foreign currency gains (losses)			1,255				(1,583)				3,013
Other-than-temporary declines in available-for-sale securities			(47,459)				(19,073)				(3,699)
Dividend and interest income			188,501				152,093				238,604
Total Investment Income (Loss)		$	208,039			$	(176,961)			$	1,008,568

Components of Company's Available-for-Sale Investments

The following tables summarize equity investments that are in an unrealized loss position at each balance sheet date, categorized by how long they have been in a continuous loss position. 

		June 30, 2013 (in thousands)
		Less Than 12 Months								12 Months or Greater								Total
		Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses
Available-for-sale securities
Common stock		$	95			$	(5)			$	-			$	-			$	95			$	(5)
Venture capital investments			163				(5)				-				-				163				(5)
Offshore fund			-				-				4,712				(288)				4,712				(288)
Mutual funds			3				(3)				-				-				3				(3)
Total available-for-sale securities		$	261			$	(13)			$	4,712			$	(288)			$	4,973			$	(301)
		June 30, 2012 (in thousands)
		Less Than 12 Months								12 Months or Greater								Total
		Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses
Available-for-sale securities
Common stock		$	135			$	(52)			$	-			$	-			$	135			$	(52)
Offshore fund			4,811				(189)				-				-				4,811				(189)
Mutual funds			16				(4)				-				-				16				(4)
Total available-for-sale securities		$	4,962			$	(245)			$	-			$	-			$	4,962			$	(245)

Fair Value Measurements on Recurring Basis

The following tables present fair value measurements, as of each balance sheet date, for the three major categories of U.S. Global’s investments measured at fair value on a recurring basis:

		Fair Value Measurement using (in thousands)
		June 30, 2013
		Quoted Prices (Level 1)				Significant Other Inputs (Level 2)				Significant Unobservable  Inputs (Level 3)				Total
Trading securities
Common stock		$	22			$	-			$	-			$	22
Mutual funds			3,950				-				-				3,950
Offshore fund			-				786				-				786
Total trading securities			3,972				786				-				4,758
Available-for-sale securities
Common stock			1,299				-				95				1,394
Venture capital investments			-				-				163				163
Mutual funds			2,784				-				-				2,784
Offshore fund			-				4,712				-				4,712
Total available-for-sale securities			4,083				4,712				258				9,053
Total Investments		$	8,055			$	5,498			$	258			$	13,811
		Fair Value Measurement using (in thousands)
		June 30, 2012
		Quoted Prices (Level 1)				Significant Other Inputs (Level 2)				Significant Unobservable  Inputs (Level 3)				Total
Trading securities
Common stock		$	185			$	26			$	-			$	211
Mutual funds			3,980				-				-				3,980
Offshore fund			-				1,025				-				1,025
Total trading securities			4,165				1,051				-				5,216
Available-for-sale securities
Common stock			1,228				-				-				1,228
Venture capital investments			-				-				168				168
Mutual funds			2,617				-				-				2,617
Offshore fund			-				4,811				-				4,811
Total available-for-sale securities			3,845				4,811				168				8,824
Total Investments		$	8,010			$	5,862			$	168			$	14,040

Summary of Investments Measured at Fair Value on Recurring Basis

The following table presents additional information about investments measured at fair value on a recurring basis and for which the Company has utilized unobservable inputs to determine fair value:

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
		Year Ended June 30,
		2013								2012
(Dollars in Thousands)		Venture Capital Investments				Common Stock				Venture Capital Investments				Common Stock
Beginning Balance		$	168			$	-			$	243			$	-
Return of capital			-				-				(19	)			-
Total gains or losses (realized/unrealized)
Included in earnings (investment income)			-				-				160				-
Included in other comprehensive income			(5	)			-				(108	)			-
Purchases, sales, issuances, and settlements			-				95				(108	)			-
Transfers in and/or out of Level 3			-				-				-				-
Ending Balance		$	163			$	95			$	168			$	-

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