clct20161231

Significant Accounting Policies [Text Block]

1.	SUMMARY OF Significant Accounting Policies

Principles of Consolidation

December

31,

2016,

our operating subsidiaries were Certified Asset Exchange, Inc. (“CAE”), Collectors Universe (Hong Kong) Limited, Collectors Universe (Shanghai) Limited, and Expos, LLC. (“Expos”), all of which are ultimately

100%

owned by Collectors Universe, Inc. All significant intercompany transactions and accounts have been eliminated in consolidation.

Unaudited Interim Financial Information

three

and

six

months ended

December

31,

2016

are not necessarily indicative of the results that

may

be expected for the year ending

June

30,

2017

or for any other interim period during such year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form

-K for the fiscal year ended

June

30,

2016,

as filed with the SEC (our “Fiscal

2016

-K”). Amounts related to disclosure of

June

30,

2016

balances within these interim condensed consolidated financial statements were derived from the aforementioned audited consolidated financial statements and the notes thereto.

Reclassification

Certain prior period amounts have been reclassified to conform to the current period presentation.

Revenue Recognition Policies

A portion of our net revenues are comprised of subscription fees paid by customers for

one

year memberships in our Collectors Club. Those membership subscription fees entitle members to access our on-line and printed publications and, in some cases, to receive limited life vouchers for free grading services. We recognize revenue attributable to free grading vouchers on a specific basis and classify those revenues as part of authentication and grading fees. The balance of the membership fee is recognized over the life of the

one

year membership on a time-apportioned basis.

Use of Estimates

Goodwill and Other Long-Lived

Assets

We evaluate the carrying value of goodwill and indefinite-lived intangible assets at least annually, or more frequently if facts and circumstances indicate that impairment

may

have occurred. Qualitative factors are considered in performing our goodwill impairment assessment, including the significant excess of fair value over carrying value in prior years, and any material changes in the estimated cash flows of the reporting unit. We also evaluate the carrying values of all other tangible and intangible assets for impairment if circumstances arise in which the carrying values of these assets

may

not be recoverable on the basis of future undiscounted cash flows. We determined that no impairment of goodwill or other long-lived assets existed as of

December

31,

2016.

Foreign Currency

Stock-Based

Compensation

Restricted Stock Awards

As previously disclosed, in fiscal

2013,

the Compensation Committee of the Board of Directors adopted a Long-Term Incentive Plan (“LTIP”) for the Company’s Chief Executive Officer and Chief Financial Officer, as well as for other selected key management employees (collectively, “Participants”) and currently there are approximately

411,000

unvested restricted shares outstanding under the LTIP. At the time of the adoption of the LTIP, the Compensation Committee established a threshold annual financial performance goal, and

four

increasingly higher financial performance goals and made the vesting of the LTIP shares conditioned on the Company’s achievement of

one

or more of those financial performance goals during any fiscal year within a

six

year period ending on

June

30,

2018

(the “Performance Period”). Through fiscal

2015,

the Company had achieved the threshold and the

first

of the other financial performance goals, resulting in the vesting of

25%

of the restricted shares that had been granted under the LTIP.

The Company did not achieve any additional financial performance goals in fiscal

2016

and, therefore, no additional restricted shares became vested in fiscal

2016.

However, a determination was made that it had become probable the Company would achieve at least the next higher financial performance goal prior to the expiration of the LTIP in fiscal

2018.

Therefore, the Company is accruing the remaining stock-based compensation expense for that goal on a prospective basis, through the expected later vesting date.

At this time, it is considered too early to determine if it is probable that the Company will achieve any additional financial goals under the LTIP in fiscal

2017

2018.

We will continue to reassess at each reporting date whether it has become probable that any additional performance goals will be achieved. If it becomes probable that any of the remaining financial performance goals will be achieved, the Company would recognize additional stock-based compensation expense based on the expected vesting dates.

Stock-based compensation in the

three

and

six

months ended

December

31,

2016

was

$108,000

and

$210,000,

respectively, as compared to

$140,000

and

$291,000

in the

three

and

six

months ended

December

31,

2015.

Concentrations

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.

Financial Instruments and Cash Balances.

December

31,

2016

we had cash and cash equivalents totaling approximately

$10,097,000,

of which approximately

$5,176,000

was invested in money market accounts, and the balance of

$4,921,000

was in non-interest bearing bank accounts for general day-to-day operations. Cash in overseas bank accounts was approximately

$2,537,000

December

31,

2016

of which

$2,112,000

was in China. We will remit excess cash from China in accordance with Chinese exchange control regulations.

Substantially all of our cash is deposited at

two

FDIC insured financial institutions. We maintained cash due from banks, inclusive of cash in overseas accounts, in excess of the bank’s FDIC insured deposit limits of approximately

$6,683,000

December

31,

2016.

Accounts Receivable.

A substantial portion of accounts receivable are due from collectibles dealers. One individual customer’s accounts receivable balance exceeded

10%

of the Company’s total gross accounts receivable balances at

December

31,

2016

whereas there were none at

June

30,

2016.

We perform an analysis of the expected collectability of accounts receivable based on several factors, including the age and extent of significant past due accounts and economic conditions or trends that

may

adversely affect the ability of debtors to pay their account receivable balances. Based on that review, we establish an allowance for doubtful accounts, when deemed necessary. The allowance for doubtful accounts receivable was

$60,000

and

$35,000

December

31,

2016

and

June

30,

2016,

respectively. Ultimately, we will write-off accounts receivable balances when it is determined that there is no possibility of collection.

Coin Revenues

. The authentication, grading and sales of collectible coins, related services and product sales accounted for approximately

68%

of our net revenues for

six

months ended

December

31,

2016,

and

65%

of our net revenues for the

six

months ended

December

31,

2015.

Customers.

One of our China coin authentication and grading customers, in the aggregate, accounted for approximately

18%

and

11%

of our total net revenues in the

three

and

six

months ended

December

31,

2016,

respectively. There were no customers that exceed

10%

of revenues in

three

and

six

months ended

December

31,

2015.

Inventories

first

-in

first

-out method) or market. Inventories are periodically reviewed to identify slow-moving items, and an allowance for inventory losses is recognized, as considered necessary. It is possible that our estimates of market value of collectible coins in inventory could change due to market conditions in the various collectibles markets served by the Company, which could require us to increase that allowance for inventory losses.

Capitalized Software

three

years. In the

three

and

six

months ended

December

31,

2016

we capitalized approximately

$199,000

and

$371,000,

respectively of software development cost as compared to

$169,000

and

$371,000

in the

three

and

six

months ended

December

31,

2015,

respectively. In the

three

and

six

months ended

December

31,

2016,

we recorded approximately

$116,000

and

$220,000,

respectively as amortization expense for capitalized software as compared to

$63,000

and

$104,000

in the

three

and

six

months ended

December

31,

2015.

Planning, training, support and maintenance costs incurred either prior to or following the implementation phase are recognized as expense in the period in which they occur. We evaluate the carrying value of capitalized software for possible impairment, and, if necessary, an impairment loss is recorded in the period in which any impairment is determined to have occurred.

Warranty Costs

Dividends

In accordance with the Company’s current quarterly dividend policy, we paid quarterly cash dividends of

$0.35

per share of common stock in the

second

quarter of fiscal

2017.

The declaration of cash dividends in the future is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company’s financial performance and its available cash resources, its cash requirements and alternative uses of cash that the Board

may

conclude would represent an opportunity to generate a greater return on investment for the Company.

Recent Accounting Pronouncements

August

2016,

FASB issued Accounting Standards Update No,

2016

on Statement of Cash Flows-Classification of Certain Cash Receipts and Cash Payments. The updated guidance addresses the following

eight

specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of

zero

-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The adoption of this guidance is not expected to have a material effect on the Company’s Consolidated Financial Statements and related disclosures. The guidance is effective for fiscal years beginning after

December

15,

2017

and interim periods thereafter.

XML 18 R7.htm IDEA: XBRL DOCUMENT

Note 2 - Inventories

6 Months Ended

Dec. 31, 2016

Inventory Disclosure [Text Block]

2.	INVENTORIES

Inventories consist of the following (in thousands):

	December 31 ,			June 30,
	2016			201 6
Coins	$	453		$	437
Other collectibles		338			292
Grading raw materials consumable inventory		2,322			1,845
		3,113			2,574
Less inventory reserve		(766	)		(739	)
Inventories, net	$	2,347		$	1,835

XML 19 R8.htm IDEA: XBRL DOCUMENT

Note 3 - Property and Equipment

6 Months Ended

Dec. 31, 2016

Property, Plant and Equipment Disclosure [Text Block]

3.	PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):

	December 31,			June 30,
	2016			2016
Coins grading reference sets	$	263		$	263
Computer hardware and equipment		2,851			2,777
Computer software		1,202			1,202
Equipment		5,696			5,134
Furniture and office equipment		1,133			1,116
Leasehold improvements		1,211			1,138
Trading card reference library		52			52
		12,408			11,682
Less accumulated depreciation and amortization		(9,376	)		(8,843	)
Property and equipment, net	$	3,032		$	2,839

XML 20 R9.htm IDEA: XBRL DOCUMENT

Note 4 - Accrued Liabilities

6 Months Ended

Dec. 31, 2016

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

4.	ACCRUED LIABILITIES

Accrued liabilities consist of the following (in thousands):

	December 31 ,		June 30,
	2016		201 6
Warranty reserves	$	1,014	$	892
Professional fees		422		484
Other		1,289		1,115
	$	2,725	$	2,491

The following table presents the changes in the Company’s warranty reserve during the

six

months ended

December

31,

2016

and

2015

(in thousands):

	Six Months Ended December 31 ,
	2016			2015
Warranty reserve beginning of period	$	892		$	1,492
Provision charged to cost of revenues		336			224
Payments		(214	)		(266	)
Warranty reserve, end of period	$	1,014		$	1,450

XML 21 R10.htm IDEA: XBRL DOCUMENT

Note 5 - Discontinued Operations

6 Months Ended

Dec. 31, 2016

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

5.	DISCONTINUED OPERATIONS

During fiscal

2009,

the Board of Directors authorized the divesture and sale of the jewelry businesses and the currency grading business, the remaining assets and liabilities of which have been reclassified as assets and liabilities of discontinued operations on the Condensed Consolidated Balance Sheets as of

December

31,

2016

and

June

30,

2016.

The operating results of the discontinued businesses that are included in the accompanying Condensed Consolidated Statements of Operations were not material.

The remaining lease obligation in connection with the fiscal

2009

disposal of our jewelry business was

$476,000

December

31,

2016,

all of which was classified as a current liability in the accompanying condensed consolidated balance sheet at

December

31,

2016.

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

+ Details

XML 22 R11.htm IDEA: XBRL DOCUMENT

Note 6 - Income Taxes

6 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Text Block]

6.	INCOME TAXES

In the

six

months ended

December

31,

2016

and

2015,

we recognized provisions for income taxes based upon estimated annual effective tax rates of approximately

37%

and

39%

respectively. The lower estimated annual effective rate in the

six

months ended

December

31,

2016,

reflects the release of valuation allowances for prior year losses in China, due to the expectation that all prior year losses in China will be utilized in fiscal

2017.

XML 23 R12.htm IDEA: XBRL DOCUMENT

Note 7 - Net Income Per Share

6 Months Ended

Dec. 31, 2016

Earnings Per Share [Text Block]

7.	NET INCOME PER SHARE

The following table presents the changes in the Company’s weighted average shares outstanding for the

three

and

six

months ended

December

31,

2016

and

2015

(in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2016		20 15		2016		2015
Weighted average shares outstanding: Basic		8,478		8,441		8,476		8,438
Dilutive effect of restricted shares		100		108		93		103
Weighted average shares outstanding: Diluted		8,578		8,549		8,569		8,541

There were

anti-dilutive unvested restricted shares of common stock that were excluded from the computation of diluted income per share, in the

six

months ended

December

31,

2016,

as compared to

30,000

anti-dilutive unvested restricted shares that were excluded from the computation, in the

six

months ended

December

31,

2015.

In addition, approximately

263,000

of unvested performance-based restricted shares of common stock were excluded from the computation of diluted earnings per share in the

three

and

six

months ended

December

31,

2016,

respectively, as compared to

261,000

and

256,000

of unvested performance based shares in the

three

and

six

months ended

December

31,

2015,

respectively, because we had not achieved the related performance goals required for those shares to vest.

XML 24 R13.htm IDEA: XBRL DOCUMENT

Note 8 - Business Segments

6 Months Ended

Dec. 31, 2016

Segment Reporting Disclosure [Text Block]

8.	BUSINESS SEGMENTS

For our continuing operations, we operate principally in

three

reportable service segments: coins, trading cards and autographs and other collectibles. Services provided by these segments include authentication, grading, publications, advertising and commissions earned, subscription-based revenues and product sales. The other collectibles segment is comprised of CCE, Coinflation.com, Collectors.com and our collectibles trade show business.

three

months and

six

months ended

December

31,

2016

and

2015,

respectively. Net identifiable assets are provided by business segment as of

December

31,

2016

and

June

30,

2016,

respectively (in thousands):

	Three Months Ended						Six Months Ended
	December 31,						December 31,
	20 16			20 15			20 16			20 15
Net revenues from external customers:
Coins (1)	$	12,978		$	8,285		$	22,950		$	17,598
Trading cards and autographs		4,098			3,575			8,537			7,572
Other		786			776			2,123			2,084
Consolidated total revenue	$	17,862		$	12,636		$	33,610		$	27,254
Amortization and depreciation:
Coins	$	161		$	124		$	298		$	262
Trading cards and autographs		52			57			108			112
Other		121			122			271			219
Total		334			303			677			593
Unallocated amortization and depreciation		76			56			153			106
Consolidated amortization and depreciation	$	410		$	359		$	830		$	699
Stock-based compensation:
Coins	$	17		$	22		$	28		$	45
Trading cards and autographs		3			3			5			5
Other		1			2			4			4
Total		21			27			37			54
Unallocated stock-based compensation		87			113			173			237
Consolidated stock-based compensation	$	108		$	140		$	210		$	291
Operating income:
Coins	$	4,796		$	2,328		$	7,552		$	5,601
Trading cards and autographs		922			623			2,003			1,516
Other		125			(222	)		420			(5	)
Total		5,843			2,729			9,975			7,112
Unallocated operating expenses		(1,332	)		(1,040	)		(2,690	)		(2,227	)
Consolidated operating income	$	4,511		$	1,689		$	7,285		$	4,885

(1)

Includes service revenues of

$4.3

million and

$5.8

million generated from outside the United States in the

three

and

six

months ended

December

31,

2016,

respectively as compared to

$1.1

million and

$2.0

million in the

three

and

six

months ended

December

31,

2015,

respectively.

	December 31,		June 30,
	2016		201 6
Identifiable Assets:
Coins (2)	$	9,414	$	7,824
Trading cards and autographs		1,380		1,451
Other		3,261		3,360
Total		14,055		12,635
Unallocated assets (2)		13,591		15,555
Consolidated assets	$	27,646	$	28,190
Goodwill:
Coins	$	515	$	515
Other		1,568		1,568
Consolidated goodwill	$	2,083	$	2,083

)

Includes assets of

$6.0

million and

$2.9

million outside the United States at

December

and

June

30,

2016,

respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

XML 25 R14.htm IDEA: XBRL DOCUMENT

Note 9 - Related-party Transactions

6 Months Ended

Dec. 31, 2016

9.	RELATED-PARTY TRANSACTIONS

During the

three

and

six

months ended

December

31,

2016,

an adult member of the immediate family of Mr. David Hall, the President of the Company, paid grading and authentication fees to us of

$480,000

and

$946,000,

respectively, as compared to

$188,000

and

$1,005,000

for the

three

and

six

months ended

December

31,

2015.

December

31,

2016,

the amount owed to the Company for these services was approximately

$142,000,

as compared to

$92,000

June

30,

2016.

An associate of Richard Kenneth Duncan Sr., who as of

July

2015

was the beneficial owner of approximately

of our outstanding shares, paid us grading and authentication fees of

$167,000

and

$406,000

in the

three

and

six

months ended

December

31,

2016,

respectively, as compared to

$233,000

and

$566,000,

respectively, in the same

three

and

six

months of fiscal

2016.

December

31,

2016,

the amount owed to the Company for these services was approximately

$102,000,

as compared to

$101,000

June

30,

2016.

XML 26 R15.htm IDEA: XBRL DOCUMENT

Note 10 - Contingencies

6 Months Ended

Dec. 31, 2016

Contingencies Disclosure [Text Block]

10.	CONTINGENCIES

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14472-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14394-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14557-108349

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12053-110248

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14453-108349

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14615-108349

+ Details

XML 27 R16.htm IDEA: XBRL DOCUMENT

Note 11 - Subsequent Events

6 Months Ended

Dec. 31, 2016

Subsequent Events [Text Block]

11.	SUBSEQUENT EVENTS

January

10,

2017,

the Company obtained a

$10

million

three

year unsecured revolving credit line from a commercial bank. The Company is entitled to draw down borrowings under the credit line at such times and in such amounts as it

may

request, provided that the maximum principal amount of the borrowings that

may

be outstanding at any

one

time under the Credit Line

may

not exceed

$10

million and there must be a period of

consecutive days each year during which no borrowings

may

be outstanding. The Company also

may,

at any time or from time to time and at its option, repay outstanding borrowings, in whole or in part, and

may

reborrow amounts so repaid at such times and in such amounts as it deems appropriate. The loan agreement governing the credit line contains a financial covenant that requires the Company to maintain a funded debt coverage ratio, and to comply with certain other covenants typical for this type of credit line. Based on the Company’s financial performance for the last

quarters ended

December

31,

2016,

the Company is entitled to borrow

$10

million under the credit line.

January

23,

2017,

the Company announced that, in accordance with its dividend policy the Board of Directors had approved a

third

quarter cash dividend of

$0.35

per share of common stock and such dividend will be paid on

February

24,

2017

to stockholders of record on

February

15,

2017.

XML 28 R17.htm IDEA: XBRL DOCUMENT

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of Collectors Universe, Inc. and its operating subsidiaries (the “Company”, “we”, “us”, or “our”). At December 31, 2016, our operating subsidiaries were Certified Asset Exchange, Inc. (“CAE”), Collectors Universe (Hong Kong) Limited, Collectors Universe (Shanghai) Limited, and Expos, LLC. (“Expos”), all of which are ultimately 100% owned by Collectors Universe, Inc. All significant intercompany transactions and accounts have been eliminated in consolidation.
Basis of Accounting, Policy [Policy Text Block]	Unaudited Interim Financial Information The accompanying interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These interim condensed consolidated financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, and Condensed Consolidated Statements of Cash Flows for the periods presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Operating results for the three and six months ended December 31, 2016 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017 or for any other interim period during such year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the rules and regulations of the SEC. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10 -K for the fiscal year ended June 30, 2016, as filed with the SEC (our “Fiscal 2016 10 -K”). Amounts related to disclosure of June 30, 2016 balances within these interim condensed consolidated financial statements were derived from the aforementioned audited consolidated financial statements and the notes thereto.
Reclassification, Policy [Policy Text Block]	Reclassification s Certain prior period amounts have been reclassified to conform to the current period presentation.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Policies We record revenue at the time of shipment of the authenticated and graded collectible to the customer, net of any taxes collected. Due to the insignificant delay between the completion of our authentication and grading services and the shipment of the collectible or high-value asset back to the customer, the time of shipment corresponds to the completion of our authentication and grading services. We recognize revenue from the sale of special coin inserts at the time the customer takes legal title to the insert. Many of our authentication and grading customers prepay our authentication and grading fees when they submit their collectibles to us for authentication and grading. We record those prepayments as deferred revenue until the collectibles have been authenticated and graded and shipped back to them. At that time, we record the revenues from the authentication and grading services we have performed for the customer and deduct this amount from deferred revenue. For certain dealers to whom we extend open account privileges, we record revenue at the time of shipment of the authenticated and graded collectible to the dealer. With respect to our Expos trade show business, we recognize revenue from each show in the period in which the show takes place. A portion of our net revenues are comprised of subscription fees paid by customers for one year memberships in our Collectors Club. Those membership subscription fees entitle members to access our on-line and printed publications and, in some cases, to receive limited life vouchers for free grading services. We recognize revenue attributable to free grading vouchers on a specific basis and classify those revenues as part of authentication and grading fees. The balance of the membership fee is recognized over the life of the one year membership on a time-apportioned basis. We recognize product sales when items are shipped to customers. Product revenues consist primarily of sales of collectible coins that we purchase pursuant to our coin authentication and grading warranty program. However, those sales are not considered an integral part of the Company’s ongoing revenue generating activities.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results from continuing and discontinued operations could differ from results expected on the basis of those estimates, and such differences could be material to our future results of operations and financial condition. Examples of such estimates that could be material include determinations made with respect to the capitalization and recovery of software development costs, the valuation of stock-based compensation awards and the timing of the recognition of related stock-based compensation expense, the valuation of coin inventory, the amount and assessment of goodwill for impairment, the sufficiency of warranty reserves, the provision or benefit for income taxes and related valuation allowances, and adjustments to the fair value of remaining lease obligations for our discontinued jewelry businesses.
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Long-Lived Assets We evaluate the carrying value of goodwill and indefinite-lived intangible assets at least annually, or more frequently if facts and circumstances indicate that impairment may have occurred. Qualitative factors are considered in performing our goodwill impairment assessment, including the significant excess of fair value over carrying value in prior years, and any material changes in the estimated cash flows of the reporting unit. We also evaluate the carrying values of all other tangible and intangible assets for impairment if circumstances arise in which the carrying values of these assets may not be recoverable on the basis of future undiscounted cash flows. We determined that no impairment of goodwill or other long-lived assets existed as of December 31, 2016.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency The Company has determined that the U.S. Dollar is the functional currency for its French branch office and its Hong Kong and China subsidiaries. Based on this determination, the Company’s foreign operations are re-measured by reflecting the financial results of such operations as if they had taken place within a U.S. dollar-based economic environment. Fixed assets and other non-monetary assets and liabilities are re-measured from foreign currencies to U.S. dollars at historical exchange rates; whereas cash, accounts receivable and other monetary assets and liabilities are re-measured at current exchange rates. Gains and losses resulting from those re-measurements, which are included in income for the current period, were not material.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation We recognize stock-based compensation attributable to service-based equity grants over the service period based on the grant date fair value. For performance-based equity grants with financial performance goals, we begin recognizing compensation expense based on the grant date fair value when it becomes probable that we will achieve the financial performance goals. Restricted Stock Awards As previously disclosed, in fiscal 2013, the Compensation Committee of the Board of Directors adopted a Long-Term Incentive Plan (“LTIP”) for the Company’s Chief Executive Officer and Chief Financial Officer, as well as for other selected key management employees (collectively, “Participants”) and currently there are approximately 411,000 unvested restricted shares outstanding under the LTIP. At the time of the adoption of the LTIP, the Compensation Committee established a threshold annual financial performance goal, and four increasingly higher financial performance goals and made the vesting of the LTIP shares conditioned on the Company’s achievement of one or more of those financial performance goals during any fiscal year within a six year period ending on June 30, 2018 (the “Performance Period”). Through fiscal 2015, the Company had achieved the threshold and the first of the other financial performance goals, resulting in the vesting of 25% of the restricted shares that had been granted under the LTIP. The Company did not achieve any additional financial performance goals in fiscal 2016 and, therefore, no additional restricted shares became vested in fiscal 2016. However, a determination was made that it had become probable the Company would achieve at least the next higher financial performance goal prior to the expiration of the LTIP in fiscal 2018. Therefore, the Company is accruing the remaining stock-based compensation expense for that goal on a prospective basis, through the expected later vesting date. At this time, it is considered too early to determine if it is probable that the Company will achieve any additional financial goals under the LTIP in fiscal 2017 or 2018. We will continue to reassess at each reporting date whether it has become probable that any additional performance goals will be achieved. If it becomes probable that any of the remaining financial performance goals will be achieved, the Company would recognize additional stock-based compensation expense based on the expected vesting dates. Stock-based compensation in the three and six months ended December 31, 2016 was $108,000 and $210,000, respectively, as compared to $140,000 and $291,000 in the three and six months ended December 31, 2015.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Financial Instruments and Cash Balances. At December 31, 2016 we had cash and cash equivalents totaling approximately $10,097,000, of which approximately $5,176,000 was invested in money market accounts, and the balance of $4,921,000 was in non-interest bearing bank accounts for general day-to-day operations. Cash in overseas bank accounts was approximately $2,537,000 at December 31, 2016 of which $2,112,000 was in China. We will remit excess cash from China in accordance with Chinese exchange control regulations. Substantially all of our cash is deposited at two FDIC insured financial institutions. We maintained cash due from banks, inclusive of cash in overseas accounts, in excess of the bank’s FDIC insured deposit limits of approximately $6,683,000 at December 31, 2016. Accounts Receivable. A substantial portion of accounts receivable are due from collectibles dealers. One individual customer’s accounts receivable balance exceeded 10% of the Company’s total gross accounts receivable balances at December 31, 2016 whereas there were none at June 30, 2016. We perform an analysis of the expected collectability of accounts receivable based on several factors, including the age and extent of significant past due accounts and economic conditions or trends that may adversely affect the ability of debtors to pay their account receivable balances. Based on that review, we establish an allowance for doubtful accounts, when deemed necessary. The allowance for doubtful accounts receivable was $60,000 and $35,000 at December 31, 2016 and June 30, 2016, respectively. Ultimately, we will write-off accounts receivable balances when it is determined that there is no possibility of collection. Coin Revenues . The authentication, grading and sales of collectible coins, related services and product sales accounted for approximately 68% of our net revenues for six months ended December 31, 2016, and 65% of our net revenues for the six months ended December 31, 2015. Customers. One of our China coin authentication and grading customers, in the aggregate, accounted for approximately 18% and 11% of our total net revenues in the three and six months ended December 31, 2016, respectively. There were no customers that exceed 10% of revenues in three and six months ended December 31, 2015.
Inventory, Policy [Policy Text Block]	Inventories Our inventories consist primarily of (i) coins which we have purchased pursuant to our coin authentication and grading warranty program and (ii) consumable supplies and special inserts that we use in our continuing authentication and grading businesses. Coin collectibles inventories are recorded at the lower of cost or estimated market value using the specific identification method. Consumable supplies are recorded at the lower of cost (using the first -in first -out method) or market. Inventories are periodically reviewed to identify slow-moving items, and an allowance for inventory losses is recognized, as considered necessary. It is possible that our estimates of market value of collectible coins in inventory could change due to market conditions in the various collectibles markets served by the Company, which could require us to increase that allowance for inventory losses.
Research, Development, and Computer Software, Policy [Policy Text Block]	Capitalized Software We capitalize certain costs incurred in the development and upgrading of our software, either from internal or external sources, as part of intangible assets and we amortize these costs on a straight-line basis over the estimated useful life of the software of three years. In the three and six months ended December 31, 2016 we capitalized approximately $199,000 and $371,000, respectively of software development cost as compared to $169,000 and $371,000 in the three and six months ended December 31, 2015, respectively. In the three and six months ended December 31, 2016, we recorded approximately $116,000 and $220,000, respectively as amortization expense for capitalized software as compared to $63,000 and $104,000 in the three and six months ended December 31, 2015. Planning, training, support and maintenance costs incurred either prior to or following the implementation phase are recognized as expense in the period in which they occur. We evaluate the carrying value of capitalized software for possible impairment, and, if necessary, an impairment loss is recorded in the period in which any impairment is determined to have occurred.
Standard Product Warranty, Policy [Policy Text Block]	Warranty Costs We offer a limited warranty covering the coins and trading cards that we authenticate and grade. Under the warranty, if any collectible coin or trading card that was previously authenticated and graded by us is later submitted to us for re-grading and either (i) receives a lower grade upon that re-submittal or (ii) is determined not to have been authentic, we will offer to purchase the collectible or, in the alternative, at the customer’s option, pay the difference in value of the item at its original grade, as compared with its lower grade. However, this warranty is voided if the collectible, upon re-submittal to us, is not in the same tamper-resistant holder in which it was placed at the time we last graded it. We accrue for estimated warranty costs based on historical trends and related experience. We monitor the adequacy of our warranty reserves on an ongoing basis for significant claims resulting from resubmissions receiving lower grades, or deemed not to be authentic.
Stockholders' Equity, Policy [Policy Text Block]	Dividends In accordance with the Company’s current quarterly dividend policy, we paid quarterly cash dividends of $0.35 per share of common stock in the second quarter of fiscal 2017. The declaration of cash dividends in the future is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company’s financial performance and its available cash resources, its cash requirements and alternative uses of cash that the Board may conclude would represent an opportunity to generate a greater return on investment for the Company.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In August 2016, FASB issued Accounting Standards Update No, 2016 - 15 on Statement of Cash Flows-Classification of Certain Cash Receipts and Cash Payments. The updated guidance addresses the following eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero -coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. The adoption of this guidance is not expected to have a material effect on the Company’s Consolidated Financial Statements and related disclosures. The guidance is effective for fiscal years beginning after December 15, 2017 and interim periods thereafter.

XML 29 R18.htm IDEA: XBRL DOCUMENT

Note 2 - Inventories (Tables)

6 Months Ended

Dec. 31, 2016

Schedule of Inventory, Current [Table Text Block]

	December 31 ,			June 30,
	2016			201 6
Coins	$	453		$	437
Other collectibles		338			292
Grading raw materials consumable inventory		2,322			1,845
		3,113			2,574
Less inventory reserve		(766	)		(739	)
Inventories, net	$	2,347		$	1,835

XML 30 R19.htm IDEA: XBRL DOCUMENT

Note 3 - Property and Equipment (Tables)

6 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Table Text Block]

	December 31,			June 30,
	2016			2016
Coins grading reference sets	$	263		$	263
Computer hardware and equipment		2,851			2,777
Computer software		1,202			1,202
Equipment		5,696			5,134
Furniture and office equipment		1,133			1,116
Leasehold improvements		1,211			1,138
Trading card reference library		52			52
		12,408			11,682
Less accumulated depreciation and amortization		(9,376	)		(8,843	)
Property and equipment, net	$	3,032		$	2,839

XML 31 R20.htm IDEA: XBRL DOCUMENT

Note 4 - Accrued Liabilities (Tables)

6 Months Ended

Dec. 31, 2016

Schedule of Accrued Liabilities [Table Text Block]

Accrued liabilities consist of the following (in thousands):

	December 31 ,		June 30,
	2016		201 6
Warranty reserves	$	1,014	$	892
Professional fees		422		484
Other		1,289		1,115
	$	2,725	$	2,491

Schedule of Product Warranty Liability [Table Text Block]

	Six Months Ended December 31 ,
	2016			2015
Warranty reserve beginning of period	$	892		$	1,492
Provision charged to cost of revenues		336			224
Payments		(214	)		(266	)
Warranty reserve, end of period	$	1,014		$	1,450

XML 32 R21.htm IDEA: XBRL DOCUMENT

Note 7 - Net Income Per Share (Tables)

6 Months Ended

Dec. 31, 2016

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended December 31,				Six Months Ended December 31,
	2016		20 15		2016		2015
Weighted average shares outstanding: Basic		8,478		8,441		8,476		8,438
Dilutive effect of restricted shares		100		108		93		103
Weighted average shares outstanding: Diluted		8,578		8,549		8,569		8,541

XML 33 R22.htm IDEA: XBRL DOCUMENT

Note 8 - Business Segments (Tables)

6 Months Ended

Dec. 31, 2016

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended						Six Months Ended
	December 31,						December 31,
	20 16			20 15			20 16			20 15
Net revenues from external customers:
Coins (1)	$	12,978		$	8,285		$	22,950		$	17,598
Trading cards and autographs		4,098			3,575			8,537			7,572
Other		786			776			2,123			2,084
Consolidated total revenue	$	17,862		$	12,636		$	33,610		$	27,254
Amortization and depreciation:
Coins	$	161		$	124		$	298		$	262
Trading cards and autographs		52			57			108			112
Other		121			122			271			219
Total		334			303			677			593
Unallocated amortization and depreciation		76			56			153			106
Consolidated amortization and depreciation	$	410		$	359		$	830		$	699
Stock-based compensation:
Coins	$	17		$	22		$	28		$	45
Trading cards and autographs		3			3			5			5
Other		1			2			4			4
Total		21			27			37			54
Unallocated stock-based compensation		87			113			173			237
Consolidated stock-based compensation	$	108		$	140		$	210		$	291
Operating income:
Coins	$	4,796		$	2,328		$	7,552		$	5,601
Trading cards and autographs		922			623			2,003			1,516
Other		125			(222	)		420			(5	)
Total		5,843			2,729			9,975			7,112
Unallocated operating expenses		(1,332	)		(1,040	)		(2,690	)		(2,227	)
Consolidated operating income	$	4,511		$	1,689		$	7,285		$	4,885

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	December 31,		June 30,
	2016		201 6
Identifiable Assets:
Coins (2)	$	9,414	$	7,824
Trading cards and autographs		1,380		1,451
Other		3,261		3,360
Total		14,055		12,635
Unallocated assets (2)		13,591		15,555
Consolidated assets	$	27,646	$	28,190
Goodwill:
Coins	$	515	$	515
Other		1,568		1,568
Consolidated goodwill	$	2,083	$	2,083

XML 34 R23.htm IDEA: XBRL DOCUMENT

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Allocated Share-based Compensation Expense	$ 108,000	$ 140,000	$ 210,000	$ 291,000
Cash and Cash Equivalents, at Carrying Value	10,097,000	12,794,000	10,097,000	12,794,000	$ 11,967,000	$ 17,254,000
Money Market Funds, at Carrying Value	5,176,000		5,176,000
Other Cash Equivalents, at Carrying Value	4,921,000		4,921,000
Cash	2,537,000		2,537,000
Cash, Uninsured Amount	6,683,000		6,683,000
Allowance for Doubtful Accounts Receivable, Current	60,000		60,000		$ 35,000
Capitalized Computer Software, Additions	199,000	169,000	371,000	371,000
Capitalized Computer Software, Amortization	$ 116,000	$ 63,000	220,000	$ 104,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.35
Goodwill and Intangible Asset Impairment			0
Impairment of Long-Lived Assets Held-for-use			$ 0
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Asset, Useful Life			3 years
Sales Revenue, Services, Net [Member] \| Product Concentration Risk [Member] \| Coins [Member]
Concentration Risk, Percentage			68.00%	65.00%
Sales Revenue, Services, Net [Member] \| Customer Concentration Risk [Member] \| Authentication and Grading Services [Member] \| One Customer [Member]
Concentration Risk, Percentage	18.00%		11.00%
CHINA
Cash	$ 2,112,000		$ 2,112,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	411,000		411,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			25.00%

XML 35 R24.htm IDEA: XBRL DOCUMENT

Note 2 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Inventory, gross	$ 3,113	$ 2,574
Less inventory reserve	(766)	(739)
Inventories, net	2,347	1,835
Coins [Member]
Inventory, gross	453	437
Other Collectibles [Member]
Inventory, gross	338	292
Grading Raw Materials Consumable [Member]
Inventory, gross	$ 2,322	$ 1,845

XML 36 R25.htm IDEA: XBRL DOCUMENT

Note 3 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Property and equipment, gross	$ 12,408	$ 11,682
Less accumulated depreciation and amortization	(9,376)	(8,843)
Property and equipment, net	3,032	2,839
Coins and Stamp Grading Reference Sets [Member]
Property and equipment, gross	263	263
Computer Equipment [Member]
Property and equipment, gross	2,851	2,777
Computer Software [Member]
Property and equipment, gross	1,202	1,202
Equipment [Member]
Property and equipment, gross	5,696	5,134
Furniture and Office Equipment [Member]
Property and equipment, gross	1,133	1,116
Leasehold Improvements [Member]
Property and equipment, gross	1,211	1,138
Trading Card Reference Library [Member]
Property and equipment, gross	$ 52	$ 52

XML 37 R26.htm IDEA: XBRL DOCUMENT

Note 4 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Warranty reserves	$ 1,014	$ 892	$ 1,450	$ 1,492
Professional fees	422	484
Other	1,289	1,115
	$ 2,725	$ 2,491

XML 38 R27.htm IDEA: XBRL DOCUMENT

Note 4 - Accrued Liabilities - Warranty Reserve Activity (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Warranty reserve	$ 892	$ 1,492
Provision charged to cost of revenues	336	224
Payments	(214)	(266)
Warranty reserve	$ 1,014	$ 1,450

XML 39 R28.htm IDEA: XBRL DOCUMENT

Note 5 - Discontinued Operations (Details Textual) - Jewelry Businesses [Member]	Dec. 31, 2016 USD ($)
Total Accrual Related to Remaining Lease Obligations	$ 476,000
Accrued Rent, Current	$ 476,000

XML 40 R29.htm IDEA: XBRL DOCUMENT

Note 6 - Income Taxes (Details Textual)	6 Months Ended
Note 6 - Income Taxes (Details Textual)	Dec. 31, 2016	Dec. 31, 2015
Effective Income Tax Rate Reconciliation, Percent	37.00%	39.00%

XML 41 R30.htm IDEA: XBRL DOCUMENT

Note 7 - Net Income Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Stock Options and Unvested Restricted Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			0	30,000
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	263,000	261,000	263,000	256,000

XML 42 R31.htm IDEA: XBRL DOCUMENT

Note 7 - Net Income Per Share - Computation of Basic and Diluted Net Loss Per Common Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Basic (in shares)	8,478	8,441	8,476	8,438
Diluted (in shares)	8,578	8,549	8,569	8,541
Restricted Stock [Member]
Dilutive effect of shares (in shares)	100	108	93	103

XML 43 R32.htm IDEA: XBRL DOCUMENT

Note 8 - Business Segments (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
Note 8 - Business Segments (Details Textual) $ in Thousands	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Jun. 30, 2016 USD ($)
Number of Reportable Segments			3
Revenue, Net	$ 17,862	$ 12,636	$ 33,610	$ 27,254
Assets	27,646		27,646		$ 28,190
Outside the United States[Member]
Revenue, Net	4,300	$ 1,100	5,800	$ 2,000
Outside the United States[Member] \| Coins Segment and Unallocated Assets [Member]
Assets	$ 6,000		$ 6,000		$ 2,900

XML 44 R33.htm IDEA: XBRL DOCUMENT

Note 8 - Business Segments - Segment Reporting Information (Details) - USD ($)

3 Months Ended

6 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2016

Dec. 31, 2015

$ 17,862,000

$ 12,636,000

$ 33,610,000

$ 27,254,000

410,000

359,000

830,000

699,000

108,000

140,000

210,000

291,000

Operating Segments [Member]

4,511,000

1,689,000

7,285,000

4,885,000

334,000

303,000

677,000

593,000

21,000

27,000

37,000

54,000

Segment Reconciling Items [Member]

5,843,000

2,729,000

9,975,000

7,112,000

76,000

56,000

153,000

106,000

87,000

113,000

173,000

237,000

Coins [Member] | Operating Segments [Member]

(1,332,000)

(1,040,000)

(2,690,000)

(2,227,000)

^[1]

12,978,000

8,285,000

22,950,000

17,598,000

161,000

124,000

298,000

262,000

17,000

22,000

28,000

45,000

Trading Cards and Autographs [Member] | Operating Segments [Member]

4,796,000

2,328,000

7,552,000

5,601,000

4,098,000

3,575,000

8,537,000

7,572,000

52,000

57,000

108,000

112,000

3,000

5,000

Other Segments [Member] | Operating Segments [Member]

922,000

623,000

2,003,000

1,516,000

786,000

776,000

2,123,000

2,084,000

121,000

122,000

271,000

219,000

1,000

2,000

4,000

$ 125,000

$ (222,000)

$ 420,000

$ (5,000)

[1]	Includes service revenues of $4.3 million and $5.8 million generated from outside the United States in the three and six months ended December 31, 2016, respectively as compared to $1.1 million and $2.0 million in the three and six months ended December 31, 2015, respectively.

XML 45 R34.htm IDEA: XBRL DOCUMENT

Note 8 - Business Segments - Reconciliation of Assets to Consolidated From Segment (Details) - USD ($)
$ in Thousands

Dec. 31, 2016

Jun. 30, 2016

Operating Segments [Member]

$ 27,646

$ 28,190

Goodwill:

Goodwill

2,083

Operating Segments [Member] | Coins [Member]

14,055

12,635

Operating Segments [Member] | Trading Cards and Autographs [Member]

^[1]

9,414

7,824

Goodwill:

Goodwill

515

Operating Segments [Member] | Other Segments [Member]

1,380

1,451

Segment Reconciling Items [Member]

3,261

3,360

Goodwill:

Goodwill

1,568