XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME [Abstract]      
Net sales $ 285,282,000 $ 355,870,000 $ 310,393,000
Cost of goods sold 205,257,000 234,238,000 202,710,000
Gross profit 80,025,000 121,632,000 107,683,000
Marketing, engineering and administrative expenses 67,899,000 73,091,000 72,967,000
Restructuring of operations 708,000 0 0
Impairment charge 1,405,000 3,670,000 0
Earnings from operations 10,013,000 44,871,000 34,716,000
Other income (expense):      
Interest income 102,000 95,000 98,000
Interest expense (1,435,000) (1,475,000) (1,719,000)
Other, net 557,000 1,265,000 (1,066,000)
Other income (expense) total (776,000) (115,000) (2,687,000)
Earnings before income taxes and noncontrolling interest 9,237,000 44,756,000 32,029,000
Income taxes 4,986,000 17,815,000 13,897,000
Net earnings 4,251,000 26,941,000 18,132,000
Less: Net earnings attributable to noncontrolling interest (369,000) (198,000) (135,000)
Net earnings attributable to Twin Disc 3,882,000 26,743,000 17,997,000
Earnings per share data:      
Basic earnings per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.34 $ 2.34 $ 1.59
Diluted earnings per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.34 $ 2.31 $ 1.57
Weighted average shares outstanding data:      
Basic shares outstanding (in shares) 11,304 11,410 11,319
Dilutive stock awards (in shares) 73 146 144
Diluted shares outstanding (in shares) 11,377 11,556 11,463
Comprehensive income:      
Net earnings 4,251,000 26,941,000 18,132,000
Foreign currency translation adjustment 447,000 (11,738,000) 19,272,000
Benefit plan adjustments, net of income taxes of $4,163, ($6,769) and $6,036, respectively 8,322,000 (11,690,000) 11,506,000
Comprehensive income 13,020,000 3,513,000 48,910,000
Comprehensive earnings attributable to noncontrolling interest (369,000) (198,000) (135,000)
Comprehensive income (loss) attributable to Twin Disc $ 12,651,000 $ 3,315,000 $ 48,775,000