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

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2019

Schedule of future minimum lease payments

The following represents our future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities, as of December 31, 2019:



Years ending June 30,		Operating Leases
2020 (excluding the six months ended December 31, 2019)		$	747
2021		1,526
2022		1,313
2023		834
2024		860
Thereafter		1,184
Total lease payments		6,464
Less imputed interest		(741		)
		$	5,723		⁽¹⁾

Operating lease liability - current		$	1,257		⁽²⁾
Operating lease liability - long-term		4,466			⁽³⁾
		$	5,723		⁽¹⁾
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(1)	Represents the present value of the capitalized operating lease liabilities as of December 31, 2019.
(2)	Current operating lease liabilities are presented within accrued liabilities on our condensed consolidated balance sheets.
(3)	Long-term operating lease liabilities are presented within other liabilities on our condensed consolidated balance sheets.

Schedule of Future minimum lease payments under the Company's lease arrangements, operating lease

Following is a summary of our future minimum operating lease commitments, as determined under ASC 840, for all non-cancelable lease agreements, for each of the next five years and in the aggregate, as of June 30, 2019:



Years ending June 30,	Operating Leases
2020	$	1,488
2021	1,526
2022	1,313
2023	834
2024	860
Thereafter	1,184
	$	7,205

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, 2019 and 2018, is presented below.



in thousands
	Three Months Ended		Six Months Ended
	December 31, 2019	December 31, 2018	December 31, 2019	December 31, 2018
Basic weighted average shares outstanding	7,031	7,031	7,031	7,031
Effect of common stock equivalents — stock issuable under outstanding equity awards	25	55	44	58
Diluted weighted average shares outstanding	7,056	7,086	7,075	7,089