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Earnings Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table sets forth the computation for basic and diluted earnings per share (EPS):
 
 
Year Ended June 30,
(dollars in thousands, except per share data)
 
2014
 
2013
 
2012
Net income (loss)
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
(720
)

$
(29
)

$
1,638

Less: Income attributable to non-controlling interest in subsidiary
 
7

 
—

 
—

Income (loss) from continuing operations attributable to U.S. Global Investors, Inc.
 
(727
)
 
(29
)
 
1,638

Loss from discontinued operations attributable to U.S. Global Investors, Inc.
 
(243
)

(165
)

(108
)
Net income (loss) attributable to U.S. Global Investors, Inc.
 
$
(970
)
 
$
(194
)
 
$
1,530


 
 
 
 
 
 
Weighted average number of outstanding shares
 
 
 
 
 
 
Basic
 
15,459,022


15,482,612


15,441,464

Effect of dilutive securities
 
 
 
 
 
 
Employee stock options
 
—

 
—

 
118

Diluted
 
15,459,022


15,482,612


15,441,582


 
 
 
 
 
 
Earnings (loss) per share attributable to U.S. Global Investors, Inc.
 
 
 
 
 
 
Basic
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
(0.04
)

$
0.00


$
0.11

Loss from discontinued operations
 
(0.02
)

(0.01
)

(0.01
)
Net income (loss) attributable to U.S. Global Investors, Inc.
 
$
(0.06
)
 
$
(0.01
)
 
$
0.10

Diluted
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
(0.04
)

$
0.00


$
0.11

Loss from discontinued operations
 
(0.02
)

(0.01
)

(0.01
)
Net income (loss) attributable to U.S. Global Investors, Inc.
 
$
(0.06
)
 
$
(0.01
)
 
$
0.10


The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the years ended June 30, 2014, 2013, and 2012, employee stock options for 22,000; 29,000; and 24,000 shares were excluded from diluted EPS.
During fiscal years 2014 and 2013, the Company repurchased class A shares on the open market. Repurchased shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.