FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Sep. 30, 2014

Fair Value Measurements on Recurring Basis

The following presents fair value measurements, as of September 30, 2014, and June 30, 2014, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:



	Fair Value Measurement using
	September 30, 2014
(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Trading securities
Offshore fund	$	—	$	794	$	—	$	794
Mutual funds - Fixed income	16,319		—		—		16,319
Mutual funds - Domestic equity	450		—		—		450
Other	23		—		—		23
Total trading securities	16,792		794		—		17,586

Available-for-sale securities
Common stock - Domestic	1,098		—		—		1,098
Common stock - International	1,024		3		—		1,027
Corporate debt	192		977		250		1,419
Mutual funds - Fixed income	1,231		—		—		1,231
Mutual funds - Domestic equity	548		—		—		548
Other	229		—		—		229
Total available-for-sale securities	4,322		980		250		5,552
Total Investments Measured at Fair Value on a Recurring Basis	$	21,114	$	1,774	$	250	$	23,138



	Fair Value Measurement using
	June 30, 2014
(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Trading securities
Offshore fund	$	—	$	998	$	—	$	998
Mutual funds - Fixed income	16,333		—		—		16,333
Mutual funds - Domestic equity	459		—		—		459
Other	27		—		—		27
Total trading securities	16,819		998		—		17,817

Available-for-sale securities
Common stock - Domestic	1,118		—		—		1,118
Common stock - International	1,406		3		—		1,409
Corporate debt	292		1,090		250		1,632
Mutual funds - Fixed income	1,247		—		—		1,247
Mutual funds - Domestic equity	550		—		—		550
Other	240		—		—		240
Total available-for-sale securities	4,853		1,093		250		6,196
Total Investments Measured at Fair Value on a Recurring Basis	$	21,672	$	2,091	$	250	$	24,013

Summary of Investments Measured at Fair Value on Recurring Basis

The following table is a reconciliation of investments for which unobservable inputs (Level 3) were used in determining fair value during the three months ended September 30, 2014, and September 30, 2013:



	Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
	September 30, 2014			September 30, 2013
(dollars in thousands)	Corporate Debt			Common Stock - International		Other
Beginning Balance	$	250		$	95	$	163
Return of capital	(6		)	—		—
Total gains or losses (realized/unrealized)
Included in earnings (investment income)	—			—		—
Included in other comprehensive income	6			2		—
Purchases	—			—		—
Sales	—			—		—
Transfers into Level 3	—			—		—
Transfers out of Level 3	—			—		—
Ending Balance	$	250		$	97	$	163

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details