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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 14. 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)

  

2019

    

2018

  

Net Income (Loss)

   $ (3,439 )   $ 689  

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

     (51 )     42  

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

   $ (3,388 )   $ 647  
                 

Weighted average number of outstanding shares

                

Basic

     15,138,351       15,158,067  

Effect of dilutive securities

                

Employee stock options

     -       -  

Diluted

     15,138,351       15,158,067  
                 

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

               

Basic

   $ (0.22 )   $ 0.04  

Diluted

   $ (0.22 )   $ 0.04  

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, 2019, and 2018, employee stock options for 4,000 were excluded from diluted EPS.


During fiscal years 2019 and 2018, 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.