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Business Combination (Tables)
12 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Summary of Purchase Price Allocation
The table below presents the preliminary purchase price allocation as of the June 1, 2014, acquisition date:
(dollars in thousands)
 
 
Fair value of acquisition components
 
 
Current assets

$
1,788

Property and equipment

149

Intangible asset re: non-compete agreement

90

Other noncurrent assets

13

Current liabilities

(278
)
Non-controlling interest in subsidiary

(617
)
Gain on purchase of 15%

(129
)
 
 
$
1,016

 
 
 
Fair value of consideration as of June 1, 2014
 
 
Fair value of March 31, 2013 initial investment for 50% of stock
 
$
836

June 1, 2014 acquisition for 15% of stock for cash
 
180

 
 
$
1,016

Schedule of Pro Forma Information
The information below reflects certain nonrecurring adjustments to remove the Company’s equity in earnings of Galileo and include amortization of the intangible asset.
 

Year Ended June 30,
(dollars in thousands)
 
2014
 
2013
 
2012
Operating revenues

$
13,771


$
20,234


$
25,229

Net income (loss)

(856
)

(13
)

1,475

Net income (loss) attributable to U.S. Global Investors, Inc.

(916
)

(99
)

1,484

 
 
 
 
 
 
 
Net Income (Loss) per Share

 
 
 
 
 
Income (loss) from continuing operations - basic

$
(0.04
)

$
0.00


$
0.11

Income (loss) from continuing operations - diluted

(0.04
)

0.00


0.11

Business Combination - Post-Acquisition Financial Information
The following amounts associated with the acquisition of Galileo, subsequent to the June 1, 2014, effective date, are included in the Consolidated Statements of Operations:
(dollars in thousands)
 
 
Total revenues

$
234

Net income
 
18

Net income attributable to U.S. Global Investors, Inc.

12

Costs associated with the acquisition 1

33

1. 
Costs associated with the Galileo acquisition are included in general and administrative expenses in the Consolidated Statements of Operations.