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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 13. EARNINGS PER SHARE


The following table sets forth the computation for basic and diluted earnings per share (EPS):


   

Year Ended June 30,

  

(dollars in thousands, except per share data)

  

2018

    

2017

  

Net Income (Loss)

   $ 689     $ (544 )

Less: Net Income (Loss) Attributable to Non-Controlling Interest

     42       (31 )

Net Income (Loss) Attributable to U.S. Global Investors, Inc.

   $ 647     $ (513 )
                 

Weighted average number of outstanding shares

                

Basic

     15,158,067       15,212,008  

Effect of dilutive securities

                

Employee stock options

     -       -  

Diluted

     15,158,067       15,212,008  
                 

Earnings Per Share Attributable to U.S. Global Investors, Inc.

               

Basic

   $ 0.04     $ (0.03 )

Diluted

   $ 0.04     $ (0.03 )

The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the years ended June 30, 2018, and 2017, employee stock options for 4,000 and 2,000 shares were excluded from diluted EPS.


During fiscal years 2018 and 2017, the Company repurchased class A shares on the open market. Repurchased shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.