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EARNINGS PER SHARE
 6 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 7. 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)
 
2015
   
2014
   
2015
   
2014
 
Net Loss
                       
Loss from continuing operations
 
$
(3,059
)
 
$
(889
)
 
$
(2,187
)
 
$
(787
)
Less:  Income attributable to non-controlling interest in subsidiary
   
3
     
39
     
-
     
1
 
Loss from continuing operations attributable to U.S. Global Investors, Inc.
   
(3,062
)
   
(928
)
   
(2,187
)
   
(788
)
Loss from discontinued operations attributable to U.S. Global Investors, Inc.
   
(18
)
   
(42
)
   
(25
)
   
(54
)
Net loss attributable to U.S. Global Investors, Inc.
 
$
(3,080
)
 
$
(970
)
 
$
(2,212
)
 
$
(842
)
                                 
Weighted average number of outstanding shares
                               
     Basic
   
15,321,304
     
15,419,309
     
15,300,421
     
15,409,292
 
Effect of dilutive securities
                               
     Employee stock options
   
-
     
-
     
-
     
-
 
     Diluted
   
15,321,304
     
15,419,309
     
15,300,421
     
15,409,292
 
                                 
Net loss per share attributable to U.S. Global Investors, Inc.
                               
Basic
                               
Loss from continuing operations
 
$
(0.20
)
 
$
(0.06
)
 
$
(0.14
)
 
$
(0.05
)
Loss from discontinued operations
   
-
     
-
     
-
     
-
 
Net loss attributable to U.S. Global Investors, Inc.
 
$
(0.20
)
 
$
(0.06
)
 
$
(0.14
)
 
$
(0.05
)
Diluted
                               
Loss from continuing operations
 
$
(0.20
)
 
$
(0.06
)
 
$
(0.14
)
 
$
(0.05
)
Loss from discontinued operations
   
-
     
-
     
-
     
-
 
Net loss attributable to U.S. Global Investors, Inc.
 
$
(0.20
)
 
$
(0.06
)
 
$
(0.14
)
 
$
(0.05
)

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, 2015, and the three and six months ended December 31, 2014, 22,000 options were excluded from diluted EPS.

During the three and six months ended December 31, 2015, and the three and six months ended December 31, 2014, 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.