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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Financing Agreements - Lines of Credit - Additional Information (Details)

v3.20.1

Financing Agreements - Lines of Credit - Additional Information (Details) - Line of Credit - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Bridge Loan \| LIBOR
Debt Instrument [Line Items]
Variable rate			4.50%
Trading Credit Facility
Debt Instrument [Line Items]
Interest expense	$ 1,900,000	$ 2,000,000	$ 6,000,000	$ 5,900,000
Percentage of total expense recognized	38.30%	47.60%	39.20%	47.50%
Effective rate of interest	4.15%	4.89%	4.37%	4.73%
Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Variable rate			2.50%
A-Mark \| Trading Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 270,000,000		$ 270,000,000
Line of credit, current borrowing capacity	220,000,000		220,000,000
Line of credit, accordion option	50,000,000		50,000,000
Payments of financing costs			4,100,000
Accumulated amortization of loan cost	$ 700,000		$ 700,000		$ 600,000
Variable rate basis			one-month LIBOR
Credit facility, interest rate at period end	0.99%		0.99%		2.40%
Borrowings due on demand	$ 175,000,000		$ 175,000,000		$ 167,000,000
Borrowings available	$ 91,700,000		91,700,000		$ 11,600,000
Line of credit facility, tangible net worth financial covenant			$ 48,100,000

- Definition

Interest expense, debt as percentage of expense recognized.

+ References

No definition available.

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- Definition

LIBOR Interest Rate

+ References

No definition available.

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- Definition

Line of Credit Facility, Covenants, Minimum Tangible Net Worth Required

+ References

No definition available.

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- Definition

Amount of accumulated amortization of debt issuance costs related to line of credit arrangements.

+ References

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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- Definition

The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR.

+ References

No definition available.

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- Definition

The average effective interest rate during the reporting period.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

Amount of the cost of borrowed funds accounted for as interest expense for debt.

+ References

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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- Definition

The maximum amount of borrowing capacity under a line of credit that is available as of the balance sheet date for financing purchases of goods acquired for inventory or imminent delivery to a customer.

+ References

No definition available.

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- Definition

Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.

+ References

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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- Definition

Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

+ References

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- Definition

The cash outflow for loan and debt issuance costs.

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