Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.2.0.727
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Schedule of earnings per share
in thousands
 
 
 
Years Ended June 30,
 
2015
 
2014(2)
 
Basic weighted average shares outstanding (1)
 
6,963

 
7,530

 
Effect of common stock equivalents — stock issuable under outstanding equity awards
 
100

 
60

 
Diluted weighted average shares outstanding
 
7,063

 
7,590

 
 
 
_________________________________
 
(1)
 
Basic weighted average shares outstanding include the effect of vested but unissued restricted stock grants.
 
(2)
 
Basic and diluted income per share was based on historical SGI basic and fully diluted share figures through March 14, 2014, the distribution date. Amounts shown were retroactively adjusted to give effect for the share distribution in connection with the spinoff, on the basis of one share of A-Mark stock issued for every four shares of SGI stock held through the distribution date. Thereafter, basic and diluted income per share was based on the Company's basic and fully diluted share figures.