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Investments (Tables)
 12 Months Ended
Jun. 30, 2015
Investments, All Other Investments [Abstract]  
Schedule of Trading and Available-for-Sale Securities
The following details the components of the Company’s investments recorded at fair value as of June 30, 2015, and 2014:
 
 
June 30, 2015
(dollars in thousands)
 
Cost
 
Gains
 
(Losses)
 
Fair Value
Trading securities 1
 
 
 
 
 
 
 
 
Offshore fund
 
$
1,184

 
$
—

 
$
(703
)
 
$
481

Mutual funds - Fixed income
 
14,691

 
68

 
(5
)
 
14,754

Mutual funds - Domestic equity
 
535

 
—

 
(130
)
 
405

Other
 
81

 
—

 
(81
)
 
—

Total trading securities
 
$
16,491

 
$
68

 
$
(919
)
 
$
15,640

 
 
 
 
 
 
 
 
 
Available-for-sale securities 2
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
535

 
$
316

 
$
(9
)
 
$
842

Common stock - International
 
695

 
309

 
(39
)
 
965

Corporate debt
 
1,433

 
—

 
(817
)
 
616

Mutual funds - Fixed income
 
1,227

 
9

 
(22
)
 
1,214

Mutual funds - Domestic equity
 
543

 
—

 
(80
)
 
463

Other
 
169

 
1

 
(7
)
 
163

Total available-for-sale securities 3
 
$
4,602

 
$
635

 
$
(974
)
 
$
4,263

 
 
June 30, 2014
(dollars in thousands)
 
Cost
 
Gains
 
(Losses)
 
Fair Value
Trading securities 1
 
 
 
 
 
 
 
 
Offshore fund
 
$
1,184

 
$
—

 
$
(186
)
 
$
998

Mutual funds - Fixed income
 
16,241

 
92

 
—

 
16,333

Mutual funds - Domestic equity
 
535

 
—

 
(76
)
 
459

Other
 
107

 
—

 
(80
)
 
27

Total trading securities
 
$
18,067

 
$
92

 
$
(342
)
 
$
17,817

 
 
 
 
 
 
 
 
 
Available-for-sale securities 2
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
535

 
$
586

 
$
(3
)
 
$
1,118

Common stock - International
 
607

 
802

 
—

 
1,409

Corporate debt
 
1,706

 
—

 
(74
)
 
1,632

Mutual funds - Fixed income
 
1,228

 
21

 
(2
)
 
1,247

Mutual funds - Domestic equity
 
543

 
7

 
—

 
550

Other
 
232

 
9

 
(1
)
 
240

Total available-for-sale securities 3
 
$
4,851

 
$
1,425

 
$
(80
)
 
$
6,196

1 
Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
2 
Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income (loss) as a separate component of shareholders’ equity until realized.
3 
Net unrealized gains (losses) on available-for-sale securities gross and net of tax as of June 30, 2015, are $(339) and $(339), respectively, and as of June 30, 2014, are $1,345 and $888, respectively.
Investment Income (Loss) Reflected in Earnings
The following summarizes investment income (loss) reflected in earnings for the periods presented:
(dollars in thousands)
 
Year Ended June 30,
Investment Income (Loss)
 
2015
 
2014
 
2013
Realized losses on sales of trading securities
 
$
(1
)
 
$
(163
)
 
$
(245
)
Realized gains on sales of available-for-sale securities
 
591

 
1,044

 
266

Realized losses on sales of securities classified as other investments
 
(30
)
 
—

 
—

Unrealized gains (losses) on trading securities
 
(601
)
 
450

 
45

Realized gain on Galileo acquisition

—


290


—

Realized foreign currency gains
 
71

 
1

 
1

Other-than-temporary declines in available-for-sale securities
 
(247
)
 
(3
)
 
(47
)
Dividend and interest income
 
651

 
526

 
188

Total Investment Income (Loss)
 
$
434

 
$
2,145

 
$
208
Summary of Gross Unrealized Losses and Fair Values of Available-for-Sale Investment Securities
The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
 
 
June 30, 2015
 
 
Less Than 12 Months
 
12 Months or Greater
 
Total
(dollars in thousands)
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
77

 
$
(7
)
 
$
107

 
$
(2
)
 
$
184

 
$
(9
)
Common stock - International
 
114

 
(23
)
 
39

 
(16
)
 
153

 
(39
)
Corporate debt
 
386

 
(817
)
 
—

 
—

 
386

 
(817
)
Mutual funds - Fixed income
 
67

 
(7
)
 
139

 
(15
)
 
206

 
(22
)
Mutual funds - Domestic equity
 
463

 
(80
)
 
—

 
—

 
463

 
(80
)
Other
 
112

 
(7
)
 
—

 
—

 
112

 
(7
)
Total available-for-sale securities
 
$
1,219

 
$
(941
)
 
$
285

 
$
(33
)
 
$
1,504

 
$
(974
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2014
 
 
Less Than 12 Months
 
12 Months or Greater
 
Total
(dollars in thousands)
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
 
 
Common stock - Domestic
 
$
125

 
$
(3
)
 
$
—

 
$
—

 
$
125

 
$
(3
)
Corporate debt
 
1,382

 
(74
)
 
—

 
—

 
1,382

 
(74
)
Mutual funds - Fixed income
 
151

 
(2
)
 
—

 
—

 
151

 
(2
)
Other
 
118

 
(1
)
 
—

 
—

 
118

 
(1
)
Total available-for-sale securities
 
$
1,776

 
$
(80
)
 
$
—

 
$
—

 
$
1,776

 
$
(80
)
Fair Value Measurements on Recurring Basis
The following presents fair value measurements, as of each balance sheet date, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis: 
 
 
June 30, 2015
 
 
Fair Value Measurement using
(dollars in thousands)
 
Quoted Prices
(Level 1)
 
Significant Other
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
 
Total
Trading securities
 
 
 
 
 
 
 
 
Offshore fund
 
$
—

 
$
481

 
$
—

 
$
481

Mutual funds - Fixed income
 
14,754

 
—

 
—

 
14,754

Mutual funds - Domestic equity
 
405

 
—

 
—

 
405

Other
 
—

 
—

 
—

 
—

Total trading securities
 
15,159

 
481

 
—

 
15,640

 
 
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
 
Common stock - Domestic
 
842

 
—

 
—

 
842

Common stock - International
 
965

 
—

 
—

 
965

Corporate debt
 
—

 
77

 
539

 
616

Mutual funds - Fixed income
 
1,214

 
—

 
—

 
1,214

Mutual funds - Domestic equity
 
463

 
—

 
—

 
463

Other
 
163

 
—

 
—

 
163

Total available-for-sale securities
 
3,647

 
77

 
539

 
4,263

 
 
 
 
 
 
 
 
 
Total
 
$
18,806

 
$
558

 
$
539

 
$
19,903

 
 
 
 
 
 
 
 
 
 
 
June 30, 2014
 
 
Fair Value Measurement using
(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
 
$
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 recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value during the years ended June 30, 2015, and 2014: 


Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
 

Year Ended June 30,
 

2015
 
2014
(dollars in thousands)

Corporate Debt
 
Common Stock - International
 
Corporate Debt
 
Other
Beginning Balance

$
250


$
95

 
$
—

 
$
163

Return of capital

(25
)

—

 
—

 
(43
)
Total gains or losses (realized/unrealized)

 

 
 
 
 
 
Included in earnings (investment income)

(133
)

—

 
—

 
—

Included in other comprehensive income (loss)

104


5

 
—

 
5

Purchases

—


—

 
250

 
160

Sales

—


—

 
—

 
—

Transfers into Level 3

343


—

 
—

 
—

Transfers out of Level 3

—


(100
)
 
—

 
(285
)
Ending Balance

$
539


$
—


$
250


$
—