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EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2016

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:

	Nine Months Ended March 31,						Three Months Ended March 31,
(dollars in thousands, except per share data)	2016			2015			2016			2015
Net Loss
Loss from continuing operations	$	(3,435	)	$	(1,837	)	$	(376	)	$	(948	)
Less: Income (loss) attributable to non-controlling interest in subsidiary		(23	)		53			(26	)		13
Loss from continuing operations attributable to U.S. Global Investors, Inc.		(3,412	)		(1,890	)		(350	)		(961	)
Loss from discontinued operations attributable to U.S. Global Investors, Inc.		(18	)		(88	)		-			(46	)
Net loss attributable to U.S. Global Investors, Inc.	$	(3,430	)	$	(1,978	)	$	(350	)	$	(1,007	)

Weighted average number of outstanding shares
Basic		15,306,676			15,406,189			15,277,098			15,379,365
Effect of dilutive securities
Employee stock options		-			-			-			-
Diluted		15,306,676			15,406,189			15,277,098			15,379,365

Net loss per share attributable to U.S. Global Investors, Inc.
Basic
Loss from continuing operations	$	(0.22	)	$	(0.12	)	$	(0.02	)	$	(0.06	)
Loss from discontinued operations		-			(0.01	)		-			(0.01	)
Net loss attributable to U.S. Global Investors, Inc.	$	(0.22	)	$	(0.13	)	$	(0.02	)	$	(0.07	)
Diluted
Loss from continuing operations	$	(0.22	)	$	(0.12	)	$	(0.02	)	$	(0.06	)
Loss from discontinued operations		-			(0.01	)		-			(0.01	)
Net loss attributable to U.S. Global Investors, Inc.	$	(0.22	)	$	(0.13	)	$	(0.02	)	$	(0.07	)

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 and nine months ended March 31, 2016, 2,000 options were excluded from diluted EPS. For the three and nine months ended March 31, 2015, 22,000 options were excluded from diluted EPS.

During the three and nine months ended March 31, 2016, and March 31, 2015, 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.