XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 30, 2012
Jun. 30, 2011
Current assets:    
Cash $ 17,628 $ 20,167
Trade accounts receivable, net 67,675 61,007
Inventories, net 117,749 99,139
Deferred income taxes 5,942 5,765
Other 9,523 9,090
Total current assets 218,517 195,168
Property, plant and equipment, net 67,161 65,791
Goodwill, net 17,332 17,871
Deferred income taxes 9,159 16,480
Intangible assets, net 5,514 6,439
Other assets 7,678 7,371
Total assets 325,361 309,120
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 3,789 3,915
Accounts payable 30,986 38,372
Accrued liabilities 38,637 41,673
Total current liabilities 73,412 83,960
Long-term debt 41,319 25,784
Accrued retirement benefits 45,261 50,063
Deferred income taxes 3,660 4,170
Other long-term liabilities 4,478 7,089
Total liabilities 168,130 171,066
Twin Disc shareholders' equity:    
Common shares authorized: 30,000,000; issued: 13,099,468; no par value 12,181 10,863
Retained earnings 184,831 162,857
Accumulated other comprehensive loss (16,430) (11,383)
Subtotal (Element to be removed from future filings) 180,582 162,337
Less treasury stock, at cost (1,669,981 and 1,739,574 shares, respectively) 24,356 25,252
Total Twin Disc shareholders' equity 156,226 137,085
Noncontrolling interest 1,005 969
Total equity 157,231 138,054
Total liabilities and equity $ 325,361 $ 309,120