Business Segments

9 Months Ended

Mar. 29, 2013

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						Nine Months Ended
	Mar. 29,			Mar. 30,			Mar. 29,			Mar. 30,
	2013			2012			2013			2012
Manufacturing segment sales	$	56,678		$	86,659		$	181,874		$	235,686
Distribution segment sales		31,237			30,990			95,982			94,166
Inter/Intra segment elimination - manufacturing		(15,124	)		(20,068	)		(54,203	)		(62,017	)
Inter/Intra segment elimination - distribution		(4,559	)		(2,091	)		(14,302	)		(8,074	)
Net sales	$	68,232		$	95,490		$	209,351		$	259,761
Manufacturing segment net (loss) earnings	$	(75	)	$	10,032		$	7,814		$	27,009
Distribution segment net earnings		2,105			2,058			4,808			5,287
Corporate and eliminations		(2,787	)		(2,106	)		(8,787	)		(6,816	)
Net (loss) earnings attributable to Twin Disc	$	(757	)	$	9,984		$	3,835		$	25,480
	Mar. 29,			June 30,
Assets	2013			2012
Manufacturing segment assets	$	279,562		$	272,098
Distribution segment assets		62,275			58,275
Corporate assets and elimination of inter-company assets		(46,708	)		(26,541	)
	$	295,129		$	303,832