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Shareholders' Equity
 9 Months Ended
Mar. 29, 2013
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.  On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values.  These authorizations have no expiration.  The Company purchased 125,000 shares of its outstanding Common Stock in the fourth quarter of fiscal 2012 and 185,000 shares in the first nine months of fiscal 2013.

The following is a reconciliation of the Company's equity balances for the first fiscal nine 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
 
 
$
161,449
 
 
$
(11,383
)
 
$
(25,252
)
 
$
969
 
 
$
136,646
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
 
 
 
 
 
25,480
 
 
 
 
 
 
 
 
 
 
 
108
 
 
 
25,588
 
Translation adjustments
 
 
 
 
 
 
 
 
 
 
(6,350
)
 
 
 
 
 
 
58
 
 
 
(6,292
)
Benefit plan adjustments, net of tax
 
 
 
 
 
 
 
 
 
 
1,303
 
 
 
 
 
 
 
 
 
 
 
1,303
 
Cash dividends
 
 
 
 
 
 
(2,857
)
 
 
 
 
 
 
 
 
 
 
(130
)
 
 
(2,987
)
Compensation expense and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
windfall tax benefits
 
 
2,230
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,230
 
Shares (acquired) issued, net
 
 
(912
)
 
 
 
 
 
 
 
 
 
 
896
 
 
 
 
 
 
 
(16
)
Balance-March 30, 2012
 
$
12,181
 
 
$
184,072
 
 
$
(16,430
)
 
$
(24,356
)
 
$
1,005
 
 
$
156,472
 

 
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
 
 
$
184,306
 
 
$
(34,797
)
 
$
(26,781
)
 
$
1,022
 
 
$
136,509
 
Net income
 
 
 
 
 
 
3,835
 
 
 
 
 
 
 
 
 
 
 
243
 
 
 
4,078
 
Translation adjustments
 
 
 
 
 
 
 
 
 
 
2,557
 
 
 
 
 
 
 
(37
)
 
 
2,520
 
Benefit plan adjustments, net of tax
 
 
 
 
 
 
 
 
 
 
1,996
 
 
 
 
 
 
 
 
 
 
 
1,996
 
Cash dividends
 
 
 
 
 
 
(3,067
)
 
 
 
 
 
 
 
 
 
 
(205
)
 
 
(3,272
)
Compensation expense and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
windfall tax benefits
 
 
2,579
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,579
 
Shares (acquired) issued, net
 
 
(2,937
)
 
 
 
 
 
 
 
 
 
 
(1,642
)
 
 
 
 
 
 
(4,579
)
Balance-March 29, 2013
 
$
12,401
 
 
$
185,074
 
 
$
(30,244
)
 
$
(28,423
)
 
$
1,023
 
 
$
139,831