SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2013

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Impact of Revisions on the Condensed Consolidated Statements of Cash Flows

The impacts of these revisions are shown in the following tables (in '000's):

	As of and for the period ended June 30, 2011										As of and for the period ended June 30, 2012
	Reported		Adjustment			Revised		Reported			Adjustment			Revised
Revised consolidated balance sheet amounts
Accrued liabilities	$	41,673	$	700		$	42,373	$	-		$	-		$	-
Total current liabilities		83,960		700			84,660		-			-			-
Other long term liabilities		7,089		708			7,797		4,171			777			4,948
Total liabilities		171,066		1,408			172,474		166,546			777			167,323
Retained earnings		162,857		(1,408	)		161,449		185,083			(777	)		184,306
Total equity		138,054		(1,408	)		136,646		137,286			(777	)		136,509
Revised consolidated statement of comprehensive income (loss) amounts
Income taxes	$	13,064	$	833		$	13,897	$	18,446		$	(631	)	$	17,815
Net earnings		18,965		(833	)		18,132		26,310			631			26,941
Net earnings attributable to Twin Disc		18,830		(833	)		17,997		26,112			631			26,743
Basic earnings per share		1.66		(0.07	)		1.59		2.29			0.05			2.34
Diluted earnings per share		1.64		(0.07	)		1.57		2.26			0.05			2.31
Comprehensive income (loss)		49,743		(833	)		48,910		2,882			631			3,513
Comprehensive income (loss) attributable to Twin Disc		49,608		(833	)		48,775		2,684			631			3,315
Revised consolidated statement of cash flows amounts
Net earnings	$	18,965	$	(833	)	$	18,132	$	26,310		$	631		$	26,941
Accrued liabilities		6,713		833			7,546		(2,273	)		(631	)		(2,904	)