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Shareholders' Equity
 3 Months Ended
Sep. 28, 2012
Shareholders' Equity [Abstract]  
Shareholders' Equity
K.
Shareholders' Equity

On February 1, 2008, the Board of Directors authorized the purchase of 500,000 shares of Common Stock at market values.  The Company purchased 125,000 shares of its outstanding Common Stock in fiscal 2012 and no shares in the first three months of fiscal 2013.  On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values.  This authorization has no expiration.

The following is a reconciliation of the Company's equity balances for the first fiscal three months of 2012 and 2013 (in thousands):
 
 
Twin Disc, Inc. Shareholders' Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
Non-
 
 
 
 
 
Common
 
 
Retained
 
 
Comprehensive
 
 
Treasury
 
 
Controlling
 
 
Total
 
 
Stock
 
 
Earnings
 
 
Income (Loss)
 
 
Stock
 
 
Interest
 
 
Equity
 
Balance –June 30, 2011
 
$
10,863
 
 
$
162,857
 
 
$
(11,383
)
 
$
(25,252
)
 
$
969
 
 
$
138,054
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
 
 
 
 
 
9,581
 
 
 
 
 
 
 
 
 
 
 
54
 
 
 
9,635
 
Translation adjustments
 
 
 
 
 
 
 
 
 
 
(2,291
)
 
 
 
 
 
 
16
 
 
 
(2,275
)
Benefit plan adjustments, net of tax
 
 
 
 
 
 
 
 
 
 
474
 
 
 
 
 
 
 
 
 
 
 
474
 
Cash dividends
 
 
 
 
 
 
(914
)
 
 
 
 
 
 
 
 
 
 
(132
)
 
 
(1,046
)
Compensation expense and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
windfall tax benefits
 
 
985
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
985
 
Shares (acquired) issued, net
 
 
(769
)
 
 
 
 
 
 
 
 
 
 
753
 
 
 
 
 
 
 
(16
)
Balance-September 30, 2011
 
$
11,079
 
 
$
171,524
 
 
$
(13,200
)
 
$
(24,499
)
 
$
907
 
 
$
145,811
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Twin Disc, Inc. Shareholders' Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
Non-
 
 
 
 
 
 
Common
 
 
Retained
 
 
Comprehensive
 
 
Treasury
 
 
Controlling
 
 
Total
 
 
Stock
 
 
Earnings
 
 
Income (Loss)
 
 
Stock
 
 
Interest
 
 
Equity
 
Balance-June 30, 2012
 
$
12,759
 
 
$
185,083
 
 
$
(34,797
)
 
$
(26,781
)
 
$
1,022
 
 
$
137,286
 
 
Net income
 
 
 
 
 
 
1,251
 
 
 
 
 
 
 
 
 
 
 
35
 
 
 
1,286
 
Translation adjustments
 
 
 
 
 
 
 
 
 
 
1,226
 
 
 
 
 
 
 
38
 
 
 
1,264
 
Benefit plan adjustments, net of tax
 
 
 
 
 
 
 
 
 
 
668
 
 
 
 
 
 
 
 
 
 
 
668
 
Cash dividends
 
 
 
 
 
 
(1,026
)
 
 
 
 
 
 
 
 
 
 
(204
)
 
 
(1,230
)
Compensation expense and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
windfall tax benefits
 
 
1,883
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,883
 
Shares (acquired) issued, net
 
 
(2,713
)
 
 
 
 
 
 
 
 
 
 
1,143
 
 
 
 
 
 
 
(1,570
)
Balance-September 28, 2012
 
$
11,929
 
 
$
185,308
 
 
$
(32,903
)
 
$
(25,638
)
 
$
891
 
 
$
139,587