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

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Sep. 30, 2020

Schedule of Future Undiscounted Cash Flows for Each of Next Five Years and Thereafter and Reconciliation to Lease Liabilities

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 September 30, 2020:

Years ending June 30,	Operating Leases
2021 (9 months remaining)		1,147
2022		1,313
2023		834
2024		860
2025		816
Thereafter		368
Total lease payments		5,338
Less imputed interest		(547	)
	$	4,791		⁽¹⁾
Operating lease liability - current	$	1,334		⁽²⁾
Operating lease liability - long-term		3,457		⁽³⁾
	$	4,791		⁽¹⁾

(1)	Represents the present value of the capitalized operating lease liabilities as of September 30, 2020.

(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.

Reconciliation of Shares Used in Calculating Basic and Diluted Earnings per Common Shares

A reconciliation of shares used in calculating basic and diluted earnings per common shares for the three months ended September 30, 2020 and 2019, is presented below.

in thousands
	Three Months Ended
	September 30, 2020		September 30, 2019
Basic weighted average shares outstanding		7,035		7,031
Effect of common stock equivalents — stock issuable under outstanding equity awards		440		60
Diluted weighted average shares outstanding		7,475		7,091