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EARNINGS PER SHARE
 9 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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)
 
2015
 
2014
 
2015
 
2014
Net loss
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(1,925
)
 
$
(993
)
 
$
(994
)
 
$
(26
)
Less: Income attributable to non-controlling interest in subsidiary
 
53

 
—

 
13

 
—

Loss from continuing operations attributable to U.S. Global Investors, Inc.
 
(1,978
)
 
(993
)
 
(1,007
)
 
(26
)
Loss from discontinued operations attributable to U.S. Global Investors, Inc.
 
—

 
(238
)
 
—

 
(2
)
Net loss attributable to U.S. Global Investors, Inc.
 
$
(1,978
)
 
$
(1,231
)
 
$
(1,007
)
 
$
(28
)
 
 
 
 
 
 
 
 
 
Weighted average number of outstanding shares
 
 
 
 
 
 
Basic
 
15,406,189

 
15,466,280

 
15,379,365

 
15,454,932

Effect of dilutive securities
 
 
 
 
 
 
 
 
Employee stock options
 
—

 
—

 
—

 
—

Diluted
 
15,406,189

 
15,466,280

 
15,379,365

 
15,454,932

 
 
 
 
 
 
 
 
 
Loss per share attributable to U.S. Global Investors, Inc.
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
   Loss from continuing operations
 
$
(0.13
)
 
$
(0.06
)
 
$
(0.07
)
 
$
—

   Loss from discontinued operations
 
$
—

 
$
(0.02
)
 
$
—

 
—

Net loss attributable to U.S. Global Investors, Inc.
 
$
(0.13
)
 
$
(0.08
)
 
$
(0.07
)
 
$
—

Diluted
 
 
 
 
 
 
 
 
   Loss from continuing operations
 
$
(0.13
)
 
$
(0.06
)
 
$
(0.07
)
 
$
—

   Loss from discontinued operations
 
$
—

 
$
(0.02
)
 
$
—

 
$
—

Net loss attributable to U.S. Global Investors, Inc.
 
$
(0.13
)
 
$
(0.08
)
 
$
(0.07
)
 
$
—


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

During the three and nine months ended March 31, 2015, and the three and nine months ended March 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.