Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
Following is a reconciliation of the beginning and ending amounts of the contingent consideration obligation related to the SilverTowne Mint acquisition, which is recorded as a component of accrued liabilities and other long-term liabilities:
in thousands
 
 
 
 
 
Contingent
 
Liabilities at fair value, based on Level 3 inputs:
 
Consideration
 
Balance at June 30, 2016
 
$

 
Initial valuation
 
1,523

 
Revaluation adjustment
 
(198
)
 
Balance at June 30, 2017
 
$
1,325

 
Schedule of earnings per share
A reconciliation of shares used in calculating basic and diluted earnings per common shares for the years ended June 30, 2017 and 2016, is presented below.
in thousands
 
 
 
 
Years Ended June 30,
2017
 
2016
 
Basic weighted average shares outstanding
7,029

 
6,982

 
Effect of common stock equivalents — stock issuable under outstanding equity awards
93

 
138

 
Diluted weighted average shares outstanding
7,122

 
7,120