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EARNINGS PER SHARE | 3 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | E ARNINGS P ER S HARE The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised. The following table sets forth the computation for basic and diluted EPS:
|  | Three Months Ended September 30,
(dollars in thousands, except per share data) |  | 2014 |  | 2013
Net loss |  |  |  |
Loss from continuing operations |  | $ | (89 | ) |  | $ | (9 | )
Less: Income attributable to non-controlling interest in subsidiary |  | 39 |  |  | — |
Loss from continuing operations attributable to U.S. Global Investors, Inc. |  | (128 | ) |  | (9 | )
Loss from discontinued operations attributable to U.S. Global Investors, Inc. |  | — |  |  | (28 | )
Net loss attributable to U.S. Global Investors, Inc. |  | $ | (128 | ) |  | $ | (37 | )
Weighted average number of outstanding shares |  |
Basic |  | 15,429,327 |  |  | 15,471,268 |
Effect of dilutive securities |  |  |  |
Employee stock options |  | — |  |  | — |
Diluted |  | 15,429,327 |  |  | 15,471,268 |
Loss per share attributable to U.S. Global Investors, Inc. |  |  |  |
Basic |  |  |  |
Loss from continuing operations |  | $ | (0.01 | ) |  | $ | 0.00 |
Loss from discontinued operations |  | $ | 0.00 |  |  | $ | 0.00 |
Net loss attributable to U.S. Global Investors, Inc. |  | $ | (0.01 | ) |  | $ | 0.00 |
Diluted |  |  |  |
Loss from continuing operations |  | $ | (0.01 | ) |  | $ | 0.00 |
Loss from discontinued operations |  | $ | 0.00 |  |  | $ | 0.00 |
Net loss attributable to U.S. Global Investors, Inc. |  | $ | (0.01 | ) |  | $ | 0.00 |
The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the three months ended September 30, 2014, 22,000 options were excluded from diluted EPS compared to 29,000 options excluded for the corresponding period in 2013. During the three months ended September 30, 2014, and the three months ended September 2013, the Company repurchased class A shares on the open market. Upon repurchase, these shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.

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