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EARNINGS PER SHARE
 9 Months Ended
Mar. 31, 2017
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:

   
Nine Months Ended March 31,
    
Three Months Ended March 31,
  
(dollars in thousands, except per share data)
  
2017
    
2016
    
2017
    
2016
  
Net Income (Loss)
                        
Income (loss) from continuing operations
  
$
256
    
$
(3,435
)
  
$
(33
)
  
$
(376
)
Less:  Income (loss) attributable to non-controlling interest in subsidiary
    
18
      
(23
)
    
-
      
(26
)
Income (loss) from continuing operations attributable to U.S. Global Investors, Inc.
    
238
      
(3,412
)
    
(33
)
    
(350
)
Loss from discontinued operations attributable to U.S. Global Investors, Inc.
    
-
      
(18
)
    
-
      
-
  
Net income (loss) attributable to U.S. Global Investors, Inc.
  
$
238
    
$
(3,430
)
  
$
(33
)
  
$
(350
)
                                 
Weighted average number of outstanding shares
                                
     Basic
    
15,220,134
      
15,306,676
      
15,200,280
      
15,277,098
  
Effect of dilutive securities
                                
     Employee stock options
    
-
      
-
      
-
      
-
  
     Diluted
    
15,220,134
      
15,306,676
      
15,200,280
      
15,277,098
  
                                 
Earnings Per Share Attributable to U.S. Global Investors, Inc.
                                
Basic
                                
 Income (loss) from continuing operations
  
$
0.02
    
$
(0.22
)
  
$
-
    
$
(0.02
)
 Loss from discontinued operations
    
-
      
-
      
-
      
-
  
 Net income (loss)
  
$
0.02
    
$
(0.22
)
  
$
-
    
$
(0.02
)
Diluted
                                
 Income (loss) from continuing operations
  
$
0.02
    
$
(0.22
)
  
$
-
    
$
(0.02
)
 Loss from discontinued operations
    
-
      
-
      
-
      
-
  
 Net income (loss)
  
$
0.02
    
$
(0.22
)
  
$
-
    
$
(0.02
)

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 nine months ended March 31, 2017, and 2016, 2,000 options were excluded from diluted EPS.

During the three and nine months ended March 31, 2017, and 2016, 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.