Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
Below is a reconciliation of the contingent earn out liability for the six months ended December 31, 2017.
in thousands
 
 
 
 
 
Contingent
 
Liabilities at fair value, based on Level 3 inputs:
 
Consideration
 
Balance at June 30, 2017
 
$
1,325

 
Revaluation adjustment
 
(529
)
 
Amount paid to SilverTowne
 
(208
)
 
Balance at December 31, 2017
 
$
588

 
 
 
 
 
Schedule of earnings per share
A reconciliation of shares used in calculating basic and diluted earnings per common shares for the three and six months ended December 31, 2017 and 2016, is presented below.
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Basic weighted average shares outstanding
7,031

 
7,023

 
7,031

 
7,027

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

 
86

 
82

 
86

 
Diluted weighted average shares outstanding
7,031

 
7,109

 
7,113

 
7,113