A-Mark Precious Metals, Inc. Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

The table below presents the reconciliation of changes in noncontrolling interests (in thousands):



Balance as of June 30, 2020	$	3,890
Net income attributable to noncontrolling interest		1,287
Acquisition of noncontrolling interest		(3,858	)	(1)
Balance as of June 30, 2021	$	1,319		(2)
Net income attributable to noncontrolling interest		543
Balance as of June 30, 2022	$	1,862		(2)
Net income attributable to noncontrolling interest		409
Distributions paid to noncontrolling interest		(1,001	)
Balance as of June 30, 2023	$	1,270		(2)


(1)	On April 1, 2021, the Company acquired the remaining 31% interest in the AMST joint venture, which increased the Company's ownership to 100%.
(2)	The remaining balance represents the 50% noncontrolling interests associated with the PMPP joint venture.

A reconciliation of shares used in calculating basic and diluted earnings per common share is presented below (in thousands):


	Year Ended June 30,
	2023		2022		2021
Basic weighted-average shares of common stock outstanding		23,400		22,806		16,687
Effect of common stock equivalents		1,249		1,524		1,258
Diluted weighted-average shares outstanding		24,649		24,330		17,945