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Business Segments
 6 Months Ended
Dec. 27, 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
  
Six Months Ended
 
 
 
Dec. 27,
  
Dec. 28,
  
Dec. 27,
  
Dec. 28,
 
 
 
2013
  
2012
  
2013
  
2012
 
 
 
  
  
  
 
Manufacturing segment sales
 
$
57,010
  
$
66,914
  
$
110,268
  
$
125,196
 
Distribution segment sales
  
30,563
   
33,742
   
61,577
   
64,745
 
Inter/Intra segment elimination - manufacturing
  
(21,088
)
  
(23,522
)
  
(36,220
)
  
(39,080
)
Inter/Intra segment elimination - distribution
  
(3,273
)
  
(4,809
)
  
(5,987
)
  
(9,743
)
 
                
Net sales
 
$
63,212
  
$
72,325
  
$
129,638
  
$
141,118
 
 
                
Manufacturing segment net earnings
 
$
1,653
  
$
5,055
  
$
3,670
  
$
7,889
 
Distribution segment net earnings
  
1,422
   
1,551
   
3,303
   
2,703
 
Corporate and eliminations
  
(2,557
)
  
(3,246
)
  
(5,178
)
  
(6,001
)
 
                
Net earnings attributable to Twin Disc
 
$
518
  
$
3,360
  
$
1,795
  
$
4,591
 
 
                
 
 
Dec. 27,
  
June 30,
         
Assets
  
2013
   
2013
         
 
                
Manufacturing segment assets
 
$
263,324
  
$
258,617
         
Distribution segment assets
  
53,146
   
56,965
         
Corporate assets and elimination
                
of inter-company assets
  
(41,941
)
  
(30,124
)
        
 
                
Total assets
 
$
274,529
  
$
285,458