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EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2015

NOTE 7. EARNINGS PER SHARE

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)	2015			2014
Net loss attributable to U.S. Global Investors, Inc.	$	(868	)	$	(128	)

Weighted average number of outstanding shares
Basic		15,342,186			15,429,327
Effect of dilutive securities
Employee stock options		-			-
Diluted		15,342,186			15,429,327

Loss per share attributable to U.S. Global Investors, Inc.
Basic	$	(0.06	)	$	(0.01	)
Diluted	$	(0.06	)	$	(0.01	)

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, 2015 and 2014, 22,000 options were excluded from diluted EPS.

During the three months ended September 30, 2015 and 2014, 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.