SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jun. 30, 2014

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

TWIN DISC, INCORPORATED AND SUBSIDIARIES

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

for the years ended June 30, 2014, 2013 and 2012 (in thousands)

			Additions
	Balance at		Charged to							Balance at
	Beginning		Costs and		Net					End of
Description	of Period		Expenses		Acquired		Deductions(1)			Period
2014:
Allowance for losses on accounts receivable	$	2,884	$	1,169	$	-	$	416		$	3,637
Deferred tax valuation allowance	$	3,724	$	2,140	$	-	$	271		$	5,593
2013:
Allowance for losses on  accounts receivable	$	2,194	$	1,385	$	-	$	695		$	2,884
Deferred tax valuation allowance	$	3,811	$	1,112	$	-	$	1,199	(2)	$	3,724
2012:
Allowance for losses on  accounts receivable	$	2,093	$	549	$	-	$	448		$	2,194
Deferred tax valuation  allowance	$	2,751	$	1,060	$	-	$	-		$	3,811

(1)  Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments).

(2)  Represents adjustments resulting from foreign tax audits.