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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Jun. 30, 2017
Related Party Transactions [Abstract] |
Related Party Transactions Disclosure [Text Block] | NOTE 16. RELATED PARTY TRANSACTIONS On June 30, 2017, and 2016, the Company had $11.1 million and $11.5 million, respectively, at fair value invested in USGIF and offshore funds the Company advises. These amounts were included in the Consolidated Balance Sheet as “trading securities” and “available-for-sale securities” in fiscal year 2017 and 2016. The Company recorded $110,000; $180,000; and $244,000 in income from dividends and capital gain distributions and $15,000; $(273,000); and $(596,000) in net recognized gains (losses) on its investments in the Funds and offshore clients for fiscal years 2017, 2016, and 2015, respectively. The Company earned advisory and administrative services fees, as applicable, from the various funds for which it and its subsidiaries act as investment adviser, as disclosed in Note 4. Receivables include amounts due from the funds for those fees and out-of-pocket expenses, net of amounts payable to the funds for expense reimbursements. As of June 30, 2017, and 2016, the Company had $396,000 and $595,000, respectively, of receivables from mutual funds included in the Consolidated Balance Sheets within “receivables.” Frank Holmes, a director and Chief Executive Officer of the Company, was a trustee of USGIF until December 2015. Mr. Holmes is a director of each offshore fund and is also a director of Meridian Fund Managers Ltd., the manager of the offshore funds. The offshore clients have provided notice that they are liquidating. The liquidations are expected to be completed in September 2017. The Company has a corporate investment, classified as trading, in one of the offshore funds valued at $415,000 and $358,000 at June 30, 2017, and 2016, respectively. Mr. Holmes is also a director of a private company in which the Company holds common stock and warrants classified as other investments and valued at $1.5 million and $723,000 at June 30, 2017, and 2016, respectively, and in which he holds nontransferable stock options. The Company received $105,000; $117,000; and $68,000 in dividend and interest income from its investments in this company in fiscal years 2017, 2016, and 2015, respectively. The Company recorded $211,000 in recognized losses on its investments in this company in fiscal year 2016.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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