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Business Segments
 3 Months Ended
Sep. 28, 2012
Business Segments [Abstract]  
Business Segments
E.           Business Segments

The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy duty off-highway power transmission equipment.  Principal products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.  The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.

The Company has two reportable segments: manufacturing and distribution. These segments are managed separately because each provides different services and requires different technology and marketing strategies. The accounting practices of the segments are the same as those described in the summary of significant accounting policies. Transfers among segments are at established inter-company selling prices.  Management evaluates the performance of its segments based on net earnings.

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

 
Three Months Ended
 
 
Sept. 28,
 
 
Sept. 30,
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
Manufacturing segment sales
 
$
58,282
 
 
$
70,983
 
Distribution segment sales
 
 
31,003
 
 
 
34,094
 
Inter/Intra segment elimination - manufacturing
 
 
(15,558
)
 
 
(19,670
)
Inter/Intra segment elimination - distribution
 
 
(4,934
)
 
 
(4,077
)
 
 
 
 
 
 
 
 
 
Net sales
 
$
68,793
 
 
$
81,330
 
 
 
 
 
 
 
 
 
 
Manufacturing segment net earnings
 
$
2,854
 
 
$
8,802
 
Distribution segment net earnings
 
 
1,152
 
 
 
2,006
 
Corporate and eliminations
 
 
(2,755
)
 
 
(1,227
)
 
 
 
 
 
 
 
 
 
Net earnings attributable to Twin Disc
 
$
1,251
 
 
$
9,581
 
 
 
 
 
 
 
 
 
 
 
 
Sept. 28,
 
 
June 30,
 
Assets
 
2012
 
 
2012
 
 
 
 
 
 
 
 
 
 
Manufacturing segment assets
 
$
277,548
 
 
$
272,098
 
Distribution segment assets
 
 
60,945
 
 
 
58,275
 
Corporate assets and elimination
 
 
 
 
 
 
 
 
of inter-company assets
 
 
(38,394
)
 
 
(26,541
)
 
 
 
 
 
 
 
 
 
 
 
$
300,099
 
 
$
303,832