XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Dec. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | NOTE 10. 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:
|  | Six Months Ended December 31, |  |  | Three Months Ended December 31, |
(dollars in thousands, except per share data) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Loss from Continuing Operations |  | $ | (4,405 | ) |  | $ | (4,570 | ) |  | $ | (926 | ) |  | $ | (3,575 | )
Income (Loss) from Discontinued Operations |  |  | (253 | ) |  |  | 323 |  |  |  | (117 | ) |  |  | 560 |
Less: Net Income (Loss) Attributable to Non-Controlling Interest from Discontinued Operations |  |  | (88 | ) |  |  | 113 |  |  |  | (40 | ) |  |  | 196 |
Net Income (Loss) Attributable from Discontinued Operations to U.S. Global Investors, Inc. |  |  | (165 | ) |  |  | 210 |  |  |  | (77 | ) |  |  | 364 |
Net Loss Attributable to U.S. Global Investors, Inc. |  | $ | (4,570 | ) |  | $ | (4,360 | ) |  | $ | (1,003 | ) |  | $ | (3,211 | )
Weighted average number of outstanding shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 15,129,674 |  |  |  | 15,145,293 |  |  |  | 15,129,114 |  |  |  | 15,145,702 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee stock options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Diluted |  |  | 15,129,674 |  |  |  | 15,145,293 |  |  |  | 15,129,114 |  |  |  | 15,145,702 |
Earnings Per Share Attributable to U.S. Global Investors, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Net Income (Loss) per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.29 | ) |  | $ | (0.30 | ) |  | $ | (0.06 | ) |  | $ | (0.24 | )
Net income (loss) from discontinued operations |  | $ | (0.01 | ) |  | $ | 0.01 |  |  | $ | - |  |  | $ | 0.03 |
Net loss |  | $ | (0.30 | ) |  | $ | (0.29 | ) |  | $ | (0.06 | ) |  | $ | (0.21 | )
Diluted Net Income (Loss) per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.29 | ) |  | $ | (0.30 | ) |  | $ | (0.06 | ) |  | $ | (0.24 | )
Income (loss) from discontinued operations |  | $ | (0.01 | ) |  | $ | 0.01 |  |  | $ | - |  |  | $ | 0.03 |
Net loss |  | $ | (0.30 | ) |  | $ | (0.29 | ) |  | $ | (0.06 | ) |  | $ | (0.21 | )
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 six months ended December 31, 2019, employee stock options for 2,000 were excluded from diluted EPS. For the three and six months ended December 31, 2018, employee stock options for 4,000 were excluded from diluted EPS. During the three and six months ended December 31, 2019, and 2018, 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.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration