Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Reconciliation of contingent earn out liability
Below is a reconciliation of the contingent earn out liability for the year ended June 30, 2018.
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 June 30, 2018
 
$
588

 
 
 
 
 
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, 2018 and 2017, is presented below.
in thousands
 
 
 
 
 
Years Ended June 30,
 
2018
 
2017
 
Basic weighted average shares outstanding
 
7,031

 
7,029

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

 
93

 
Diluted weighted average shares outstanding
 
7,031

 
7,122