XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS)      
Net sales $ 355,870 $ 310,393 $ 227,534
Cost of goods sold 234,238 202,710 167,069
Gross profit 121,632 107,683 60,465
Marketing, engineering and administrative expenses 73,091 72,967 57,380
Impairment charge 3,670 0 0
Earnings from operations 44,871 34,716 3,085
Other income (expense):      
Interest income 95 98 84
Interest expense (1,475) (1,719) (2,282)
Other, net 1,265 (1,066) 835
Other income (expense) total (115) (2,687) (1,363)
Earnings before income taxes and noncontrolling interest 44,756 32,029 1,722
Income taxes 18,446 13,064 992
Net earnings 26,310 18,965 730
Less: Net earnings attributable to noncontrolling interest (198) (135) (133)
Net earnings attributable to Twin Disc 26,112 18,830 597
Earnings per share data:      
Basic earnings per share attributable to Twin Disc common shareholders $ 2.29 $ 1.66 $ 0.05
Diluted earnings per share attributable to Twin Disc common shareholders $ 2.26 $ 1.64 $ 0.05
Weighted average shares outstanding data:      
Basic shares outstanding 11,410 11,319 11,063
Dilutive stock awards 146 144 96
Diluted shares outstanding 11,556 11,463 11,159
Comprehensive income (loss):      
Net earnings 26,310 18,965 730
Foreign currency translation adjustment (11,738) 19,272 (9,650)
Benefit plan adjustments, net (11,690) 11,506 (6,414)
Comprehensive income (loss) 2,882 49,743 (15,334)
Comprehensive income attributable to noncontrolling interest (198) (135) (133)
Comprehensive income (loss) attributable to Twin Disc $ 2,684 $ 49,608 $ (15,467)