XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.5.0.2

INVESTMENTS (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2016
Disclosure Text Block Supplement [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following details the components of the Company’s investments recorded at fair value as of June 30, 2016, and 2015:
|  | June 30, 2016 |
(dollars in thousands) |  | Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
Trading securities1 |  |  |  |  |  |  |  |  |  |  |  |
Offshore fund |  | $ | 1,184 |  |  | $ | - |  |  | $ | (826 | ) |  | $ | 358 |
Mutual funds - Fixed income |  |  | 9,284 |  |  |  | 124 |  |  |  | - |  |  |  | 9,408 |
Mutual funds - Domestic equity |  |  | 535 |  |  |  | - |  |  |  | (197 | ) |  |  | 338 |
Other |  |  | 45 |  |  |  | - |  |  |  | (45 | ) |  |  | - |
Total trading securities |  | $ | 11,048 |  |  | $ | 124 |  |  | $ | (1,068 | ) |  | $ | 10,104 |
Available-for-sale securities2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 109 |  |  | $ | 21 |  |  | $ | - |  |  | $ | 130 |
Common stock - International |  |  | 613 |  |  |  | 16 |  |  |  | (83 | ) |  |  | 546 |
Corporate debt |  |  | 1,038 |  |  |  | 86 |  |  |  | - |  |  |  | 1,124 |
Mutual funds - Fixed income |  |  | 1,226 |  |  |  | 18 |  |  |  | (23 | ) |  |  | 1,221 |
Mutual funds - Domestic equity |  |  | 394 |  |  |  | 2 |  |  |  | - |  |  |  | 396 |
Other |  |  | 56 |  |  |  | 8 |  |  |  | - |  |  |  | 64 |
Total available-for-sale securities3 |  | $ | 3,436 |  |  | $ | 151 |  |  | $ | (106 | ) |  | $ | 3,481 |
|  | June 30, 2015 |
(dollars in thousands) |  | Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
Trading securities1 |  |  |  |  |  |  |  |  |  |  |  |
Offshore fund |  | $ | 1,184 |  |  | $ | - |  |  | $ | (703 | ) |  | $ | 481 |
Mutual funds - Fixed income |  |  | 14,691 |  |  |  | 68 |  |  |  | (5 | ) |  |  | 14,754 |
Mutual funds - Domestic equity |  |  | 535 |  |  |  | - |  |  |  | (130 | ) |  |  | 405 |
Other |  |  | 81 |  |  |  | - |  |  |  | (81 | ) |  |  | - |
Total trading securities |  | $ | 16,491 |  |  | $ | 68 |  |  | $ | (919 | ) |  | $ | 15,640 |
Available-for-sale securities2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 535 |  |  | $ | 316 |  |  | $ | (9 | ) |  | $ | 842 |
Common stock - International |  |  | 695 |  |  |  | 309 |  |  |  | (39 | ) |  |  | 965 |
Corporate debt |  |  | 1,433 |  |  |  | - |  |  |  | (817 | ) |  |  | 616 |
Mutual funds - Fixed income |  |  | 1,227 |  |  |  | 9 |  |  |  | (22 | ) |  |  | 1,214 |
Mutual funds - Domestic equity |  |  | 543 |  |  |  | - |  |  |  | (80 | ) |  |  | 463 |
Other |  |  | 169 |  |  |  | 1 |  |  |  | (7 | ) |  |  | 163 |
Total available-for-sale securities3 |  | $ | 4,602 |  |  | $ | 635 |  |  | $ | (974 | ) |  | $ | 4,263 |
1 | Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
2 | Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income (loss) as a separate component of shareholders’ equity until realized.
3 | Net unrealized gains (losses) on available-for-sale securities gross and net of tax as of June 30, 2016, are $45 and $45, respectively, and as of June 30, 2015, are $(339) and $(339), respectively.
Gain (Loss) on Investments [Table Text Block] | The following summarizes investment income (loss) reflected in earnings for the periods presented.
(dollars in thousands) |  | Year Ended June 30, |
Investment Income |  | 2016 |  |  | 2015 |  |  | 2014 |
Realized gains on sales of available-for-sale securities |  | $ | 532 |  |  | $ | 591 |  |  | $ | 1,044 |
Realized losses on sales of trading securities |  |  | (25 | ) |  |  | (1 | ) |  |  | (163 | )
Realized gains (losses) on sales of securities classified as other investments |  |  | 3 |  |  |  | (30 | ) |  |  | - |
Unrealized gains (losses) on trading securities |  |  | (93 | ) |  |  | (601 | ) |  |  | 450 |
Realized gain on Galileo acquisition |  |  | - |  |  |  | - |  |  |  | 290 |
Realized foreign currency gains |  |  | 43 |  |  |  | 71 |  |  |  | 1 |
Other-than-temporary declines in available-for-sale securities |  |  | (259 | ) |  |  | (247 | ) |  |  | (3 | )
Other-than-temporary declines in securities held at cost |  |  | (258 | ) |  |  | - |  |  |  | - |
Dividend and interest income |  |  | 542 |  |  |  | 651 |  |  |  | 526 |
Total Investment Income |  | $ | 485 |  |  | $ | 434 |  |  | $ | 2,145 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.
|  | June 30, 2016 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  |  |  |  | Gross |  |  |  |  |  | Gross |  |  |  |  |  | Gross |
|  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |
(dollars in thousands) |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Common stock - International |  |  | 246 |  |  |  | (60 | ) |  |  | 23 |  |  |  | (23 | ) |  |  | 269 |  |  |  | (83 | )
Corporate debt |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | 1 |  |  |  | - |  |  |  | 201 |  |  |  | (23 | ) |  |  | 202 |  |  |  | (23 | )
Mutual funds - Domestic equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities |  | $ | 247 |  |  | $ | (60 | ) |  | $ | 224 |  |  | $ | (46 | ) |  | $ | 471 |  |  | $ | (106 | )
|  | June 30, 2015 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  |  |  |  | Gross |  |  |  |  |  | Gross |  |  |  |  |  | Gross |
|  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |  |  |  |  |  | Unrealized |
(dollars in thousands) |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  | $ | 77 |  |  | $ | (7 | ) |  | $ | 107 |  |  | $ | (2 | ) |  | $ | 184 |  |  | $ | (9 | )
Common stock - International |  |  | 114 |  |  |  | (23 | ) |  |  | 39 |  |  |  | (16 | ) |  |  | 153 |  |  |  | (39 | )
Corporate debt |  |  | 386 |  |  |  | (817 | ) |  |  | - |  |  |  | - |  |  |  | 386 |  |  |  | (817 | )
Mutual funds - Fixed income |  |  | 67 |  |  |  | (7 | ) |  |  | 139 |  |  |  | (15 | ) |  |  | 206 |  |  |  | (22 | )
Mutual funds - Domestic equity |  |  | 463 |  |  |  | (80 | ) |  |  | - |  |  |  | - |  |  |  | 463 |  |  |  | (80 | )
Other |  |  | 112 |  |  |  | (7 | ) |  |  | - |  |  |  | - |  |  |  | 112 |  |  |  | (7 | )
Total available-for-sale securities |  | $ | 1,219 |  |  | $ | (941 | ) |  | $ | 285 |  |  | $ | (33 | ) |  | $ | 1,504 |  |  | $ | (974 | )
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following presents fair value measurements, as of each balance sheet date, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:
|  | June 30, 2016 |
|  |  |  |  | Significant |  |  | Significant |  |  |  |
|  | Quoted Prices |  |  | Other Inputs |  |  | Unobservable Inputs |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Trading securities |  |  |  |  |  |  |  |  |  |  |  |
Offshore fund |  | $ | - |  |  | $ | 358 |  |  | $ | - |  |  | $ | 358 |
Mutual funds - Fixed income |  |  | 9,408 |  |  |  | - |  |  |  | - |  |  |  | 9,408 |
Mutual funds - Domestic equity |  |  | 338 |  |  |  | - |  |  |  | - |  |  |  | 338 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total trading securities |  |  | 9,746 |  |  |  | 358 |  |  |  | - |  |  |  | 10,104 |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  |  | 130 |  |  |  | - |  |  |  | - |  |  |  | 130 |
Common stock - International |  |  | 546 |  |  |  | - |  |  |  | - |  |  |  | 546 |
Corporate debt |  |  | 1,124 |  |  |  | - |  |  |  | - |  |  |  | 1,124 |
Mutual funds - Fixed income |  |  | 1,221 |  |  |  | - |  |  |  | - |  |  |  | 1,221 |
Mutual funds - Domestic equity |  |  | 396 |  |  |  | - |  |  |  | - |  |  |  | 396 |
Other |  |  | 64 |  |  |  | - |  |  |  | - |  |  |  | 64 |
Total available-for-sale securities |  |  | 3,481 |  |  |  | - |  |  |  | - |  |  |  | 3,481 |
Total |  | $ | 13,227 |  |  | $ | 358 |  |  | $ | - |  |  | $ | 13,585 |
|  | June 30, 2015 |
|  |  |  |  | Significant |  |  | Significant |  |  |  |
|  | Quoted Prices |  |  | Other Inputs |  |  | Unobservable Inputs |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Trading securities |  |  |  |  |  |  |  |  |  |  |  |
Offshore fund |  | $ | - |  |  | $ | 481 |  |  | $ | - |  |  | $ | 481 |
Mutual funds - Fixed income |  |  | 14,754 |  |  |  | - |  |  |  | - |  |  |  | 14,754 |
Mutual funds - Domestic equity |  |  | 405 |  |  |  | - |  |  |  | - |  |  |  | 405 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total trading securities |  |  | 15,159 |  |  |  | 481 |  |  |  | - |  |  |  | 15,640 |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock - Domestic |  |  | 842 |  |  |  | - |  |  |  | - |  |  |  | 842 |
Common stock - International |  |  | 965 |  |  |  | - |  |  |  | - |  |  |  | 965 |
Corporate debt |  |  | - |  |  |  | 77 |  |  |  | 539 |  |  |  | 616 |
Mutual funds - Fixed income |  |  | 1,214 |  |  |  | - |  |  |  | - |  |  |  | 1,214 |
Mutual funds - Domestic equity |  |  | 463 |  |  |  | - |  |  |  | - |  |  |  | 463 |
Other |  |  | 163 |  |  |  | - |  |  |  | - |  |  |  | 163 |
Total available-for-sale securities |  |  | 3,647 |  |  |  | 77 |  |  |  | 539 |  |  |  | 4,263 |
Total |  | $ | 18,806 |  |  | $ | 558 |  |  | $ | 539 |  |  | $ | 19,903 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value during the years ended June 30, 2016, and 2015:
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis |
|  | June 30, 2016 |  |  | June 30, 2015 |
(dollars in thousands) |  | Corporate Debt |  |  | Corporate Debt |
Beginning Balance |  | $ | 539 |  |  | $ | 250 |
Return of capital |  |  | (13 | ) |  |  | (25 | )
Total gains or losses (realized/unrealized) |  |  |  |  |  |  |  |
Included in earnings (investment income) |  |  | (23 | ) |  |  | (133 | )
Included in other comprehensive income (loss) |  |  | 710 |  |  |  | 104 |
Purchases |  |  | - |  |  |  | - |
Sales |  |  | - |  |  |  | - |
Transfers into Level 3 |  |  | - |  |  |  | 343 |
Transfers out of Level 3 |  |  | (1,213 | ) |  |  | - |
Ending Balance |  | $ | - |  |  | $ | 539 |

X
- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65884222&loc=d3e22054-111558 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27405-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=73527792&loc=d3e27357-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.M) -URI http://asc.fasb.org/extlink&oid=65877573&loc=d3e87990-122713 + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration