BUSINESS SEGMENTS AND FOREIGN OPERATIONS (Tables)

12 Months Ended

Jun. 30, 2012

BUSINESS SEGMENTS AND FOREIGN OPERATIONS [Abstract]

Segment information and reconciliation of net sales, net earnings and assets from segment to consolidated totals

Information about the Company's segments is summarized as follows (in thousands):

	Manufacturing		Distribution		Total
2012
Net sales	$	325,174	$	129,411	$	454,585
Intra-segment sales		16,189		7,672		23,861
Inter-segment sales		71,134		3,720		74,854
Interest income		688		39		727
Interest expense		3,798		64		3,862
Income taxes		20,075		2,460		22,535
Depreciation and amortization		8,373		871		9,244
Net earnings		28,941		7,196		36,137
Assets		272,098		58,275		330,373
Expenditures for segment assets		11,821		1,158		12,979
2011
Net sales	$	267,630	$	128,559	$	396,189
Intra-segment sales		12,712		13,289		26,001
Inter-segment sales		56,159		3,636		59,795
Interest income		856		34		890
Interest expense		4,168		66		4,234
Income taxes		18,565		3,233		21,798
Depreciation and amortization		7,605		834		8,439
Net earnings		25,983		6,759		32,742
Assets		271,454		54,028		325,482
Expenditures for segment assets		11,293		334		11,627
2010
Net sales	$	183,369	$	101,337	$	284,706
Intra-segment sales		10,752		12,990		23,742
Inter-segment sales		29,715		3,715		33,430
Interest income		979		21		1,000
Interest expense		4,795		75		4,870
Income taxes		1,475		2,412		3,887
Depreciation and amortization		7,537		873		8,410
Net earnings		400		5,079		5,479
Assets		217,656		53,514		271,170
Expenditures for segment assets		3,714		234		3,948

The following is a reconciliation of reportable segment net sales, net earnings and assets to the Company's consolidated totals (in thousands):

	2012			2011			2010
Net sales:
Total net sales from reportable segments	$	454,585		$	396,189		$	284,706
Elimination of inter-company sales		(98,715	)		(85,796	)		(57,172	)
Total consolidated net sales	$	355,870		$	310,393		$	227,534
Net earnings attributable to Twin Disc:
Total net earnings from reportable segments	$	36,137		$	32,742		$	5,479
Other corporate expenses		(10,025	)		(13,912	)		(4,882	)
Total consolidated net earnings attributable to Twin Disc	$	26,112		$	18,830		$	597
Assets
Total assets for reportable segments	$	330,373		$	325,482
Corporate assets and eliminations		(26,541	)		(16,362	)
Total consolidated assets	$	303,832		$	309,120

Reconciliation of other significant reconciling items from segments to consolidated

Other significant items (in thousands):

	Segment					Consolidated
	Totals		Adjustments			Totals
2012
Interest income	$	727	$	(632	)	$	95
Interest expense		3,862		(2,387	)		1,475
Income taxes		22,535		(4,089	)		18,446
Depreciation and amortization		9,244		1,512			10,756
Expenditures for segment assets		12,979		754			13,733
2011
Interest income	$	890	$	(792	)	$	98
Interest expense		4,234		(2,515	)		1,719
Income taxes		21,798		(8,734	)		13,064
Depreciation and amortization		8,439		1,465			9,904
Expenditures for segment assets		11,627		401			12,028
2010
Interest income	$	1,000	$	(916	)	$	84
Interest expense		4,870		(2,588	)		2,282
Income taxes		3,887		(2,895	)		992
Depreciation and amortization		8,410		1,407			9,817
Expenditures for segment assets		3,948		508			4,456

All adjustments represent inter-company eliminations and corporate amounts.

Net sales and long-lived assets, by geographical region

Geographic information about the Company is summarized as follows (in thousands):

	2012		2011		2010
Net sales
United States	$	165,658	$	127,469	$	79,301
Canada		44,889		44,659		13,600
Italy		27,075		32,063		30,244
Other countries		118,248		106,202		104,389
Total	$	355,870	$	310,393	$	227,534

Net sales by geographic region are based on product shipment destination.

	2012		2011
Long-lived assets
United States	$	53,083	$	48,077
Belgium		7,372		8,761
Switzerland		8,278		9,574
Italy		4,438		6,137
Other countries		1,053		613
Total	$	74,224	$	73,162