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EARNINGS PER SHARE
 3 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 9. 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:


   

Three Months Ended September 30,

  

(dollars in thousands, except per share data)

  

2020

    

2019

  

Income (Loss) from Continuing Operations

   $ 1,944     $ (3,479 )
                 

Loss from Discontinued Operations

     -       (136 )

Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations

     -       (48 )

Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc.

     -       (88 )
                 

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

   $ 1,944     $ (3,567 )
                 

Weighted average number of outstanding shares

                

Basic

     15,080,549       15,130,235  

Effect of dilutive securities

                

Employee stock options

     194       -  

Diluted

     15,080,743       15,130,235  
                 

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

               

Basic Net Income (Loss) per Share

               

Income (loss) from continuing operations

   $ 0.13     $ (0.23 )

Loss from discontinued operations

   $ -     $ (0.01 )

Net income (loss)

   $ 0.13     $ (0.24 )

Diluted Net Income (Loss) per Share

               

Income (loss) from continuing operations

   $ 0.13     $ (0.23 )

Loss from discontinued operations

   $ -     $ (0.01 )

Net income (loss)

   $ 0.13     $ (0.24 )

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 months ended September 30, 2020, no employee stock options were excluded from diluted EPS. For the three months ended September 30, 2019, employee stock options for 4,000 were excluded from diluted EPS


During the three months ended September 30, 2020, and 2019, 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.