EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 14. 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)	2021		2020
Income (Loss) from Continuing Operations	$	31,961	$	(4,464	)
Loss from Discontinued Operations		-		(338	)
Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations		-		(118	)
Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc.		-		(220	)
Net Income (Loss) Attributable to U.S. Global Investors, Inc.	$	31,961	$	(4,684	)
Weighted average number of outstanding shares
Basic		15,067,044		15,108,394
Effect of dilutive securities:
Employee stock options		909		-
Diluted		15,067,953		15,108,394
Earnings Per Share Attributable to U.S. Global Investors, Inc.
Basic Net Income (Loss) per Share
Income (loss) from continuing operations	$	2.12	$	(0.30	)
Loss from discontinued operations	$	-	$	(0.01	)
Net income (loss)	$	2.12	$	(0.31	)
Diluted Net Income (Loss) per Share
Income (loss) from continuing operations	$	2.12	$	(0.30	)
Loss from discontinued operations	$	-	$	(0.01	)
Net income (loss)	$	2.12	$	(0.31	)

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, 2021, and 2020, 231,000 and 2,000 employee stock options, respectively, were excluded from diluted EPS.

During fiscal years 2021 and 2020, 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.