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, 2024

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


	Year Ended June 30,
	2024		2023		2022
Basic weighted-average shares of common stock outstanding		23,092		23,400		22,806
Effect of common stock equivalents		1,029		1,249		1,524
Diluted weighted-average shares outstanding		24,121		24,649		24,330

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



Balance as of June 30, 2021	$	1,319
Net income attributable to noncontrolling interest		543
Balance as of June 30, 2022		1,862		(1)
Net income attributable to noncontrolling interest		409
Distributions paid to noncontrolling interest		(1,001	)
Balance as of June 30, 2023		1,270		(1)
Net income attributable to noncontrolling interests		487
Noncontrolling ownership interest contribution - AM/LPM Ventures, LLC		2,051		(2)
Noncontrolling ownership interests - SGB		50,652		(3)
Change in ownership of consolidated subsidiary		(237	)
Balance as of June 30, 2024	$	54,223		(4)

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(1)	Balance represents the noncontrolling interests associated with the PMPP joint venture.
(2)	In February 2024, Aquila Holding LLC purchased a 5% interest in AM/LPM Ventures, LLC for $2.1 million.
(3)	In June 2024, the Company obtained a controlling interest in SGB (see Note 1).
(4)	Balance represents the noncontrolling interests of PMPP, AM/LPM Ventures, LLC, and SGB.