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Shareholders' Equity (Tables)
6 Months Ended
Dec. 27, 2013
Shareholders' Equity [Abstract]  
Reconciliation of Equity Balances
The following is a reconciliation of the Company’s equity balances for the first fiscal six 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
      
4,591
           
94
   
4,685
 
Translation adjustments
          
3,334
       
60
   
3,394
 
Benefit plan adjustments, net of tax
          
1,320
           
1,320
 
Cash dividends
      
(2,055
)
          
(204
)
  
(2,259
)
Compensation expense and
                        
windfall tax benefits
  
2,079
                   
2,079
 
Shares (acquired) issued, net
  
(2,937
)
          
(1,642
)
      
(4,579
)
Balance-December 28, 2012
 
$
11,901
  
$
186,842
  
(30,143
)
 
(28,423
)
 
$
972
  
$
141,149
 
 
                        
 
 
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
      
1,795
           
135
   
1,930
 
Translation adjustments
          
3,039
       
(40
)
  
2,999
 
Benefit plan adjustments, net of tax
          
978
           
978
 
Cash dividends
      
(2,031
)
          
(486
)
  
(2,517
)
Compensation expense and
                        
windfall tax benefits
  
1,150
                   
1,150
 
Shares (acquired) issued, net
  
(2,965
)
          
795
       
(2,170
)
Balance-December 27, 2013
 
$
11,368
  
$
183,874
  
(21,882
)
 
(28,095
)
 
$
667
  
$
145,932