Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Reconciliation of contingent earn out liability
Below is a reconciliation of the contingent earn out liability for the nine months ended March 31, 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 March 31, 2018
 
$
588

 
 
 
 
 
Schedule of earnings per share
A reconciliation of shares used in calculating basic and diluted earnings per common shares for the three and nine months ended March 31, 2018 and 2017, is presented below.
in thousands
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
March 31, 2018
 
March 31, 2017
 
March 31, 2018
 
March 31, 2017
 
Basic weighted average shares outstanding
7,031

 
7,023

 
7,031

 
7,029

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

 
107

 

 
93

 
Diluted weighted average shares outstanding
7,031

 
7,130

 
7,031

 
7,122