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Shareholders' Equity (Tables)
3 Months Ended
Sep. 27, 2013
Shareholders' Equity [Abstract]  
Reconciliation of Equity Balances
The following is a reconciliation of the Company’s equity balances for the first fiscal three months of 2013 and 2014 (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, 2012
 
$
12,759
  
$
184,306
  
(34,797
)
 
(26,781
)
 
$
1,022
  
$
136,509
 
 
                        
Net income
      
1,231
           
35
   
1,266
 
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
  
$
184,511
  
(32,903
)
 
(25,638
)
 
$
891
  
$
138,790
 
 
 
 
Twin Disc, Inc. Shareholders’ Equity
         
 
         
Accumulated
             
 
         
Other
      
Non-
     
 
 
Common
  
Retained
  
Comprehensive
  
Treasury
  
Controlling
  
Total
 
 
 
Stock
  
Earnings
  
Income (Loss)
  
Stock
  
Interest
  
Equity
 
Balance-June 30, 2013
 
$
13,183
  
$
184,110
  
(25,899
)
 
(28,890
)
 
$
1,058
  
$
143,562
 
Net income
      
1,277
           
87
   
1,364
 
Translation adjustments
          
1,926
       
(46
)
  
1,880
 
Benefit plan adjustments, net of tax
          
450
           
450
 
Cash dividends
      
(1,015
)
          
(486
)
  
(1,501
)
Compensation expense and windfall tax benefits
  753                   753 
Shares (acquired) issued, net
  
(2,777
)
          
652
       
(2,125
)
Balance-September 27, 2013
 
$
11,159
  
$
184,372
  
(23,523
)
 
(28,238
)
 
$
613
  
$
144,383