XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 30, 2012
Mar. 25, 2011
Mar. 30, 2012
Mar. 25, 2011
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]        
Net sales $ 95,490 $ 76,471 $ 259,761 $ 213,026
Cost of goods sold 62,434 48,689 166,375 141,464
Gross profit 33,056 27,782 93,386 71,562
Marketing, engineering and administrative expenses 17,746 17,054 53,752 50,470
Earnings from operations 15,310 10,728 39,634 21,092
Interest expense 389 430 1,129 1,309
Other expense (income), net 71 193 (473) 836
460 623 656 2,145
Earnings before income taxes and noncontrolling interest 14,850 10,105 38,978 18,947
Income taxes 5,412 5,563 14,039 7,648
Net earnings 9,438 4,542 24,939 11,299
Less: Net (earnings) loss attributable to noncontrolling interest, net of tax (45) 6 (108) (61)
Net earnings attributable to Twin Disc 9,393 4,548 24,831 11,238
Dividends per share $ 0.09 $ 0.08 $ 0.25 $ 0.22
Earnings (loss) per share data:        
Basic earnings per share attributable to Twin Disc common shareholders $ 0.82 $ 0.40 $ 2.18 $ 0.99
Diluted earnings per share attributable to Twin Disc common shareholders $ 0.81 $ 0.40 $ 2.15 $ 0.98
Weighted average shares outstanding data:        
Basic shares outstanding 11,426 11,344 11,410 11,308
Dilutive stock awards 146 130 145 117
Diluted shares outstanding 11,572 11,474 11,555 11,425
Comprehensive income:        
Net earnings 9,438 4,542 24,939 11,299
Foreign currency translation adjustment 2,241 4,551 (6,292) 14,776
Prior service credit, net (80) (107) (240) (321)
Net actuarial loss, net 498 652 1,543 1,986
Comprehensive income 12,097 9,638 19,950 27,740
Comprehensive (income) loss attributable to noncontrolling interest (45) 6 (108) (61)
Comprehensive income attributable to Twin Disc $ 12,052 $ 9,644 $ 19,842 $ 27,679