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Shareholders' Equity (Tables)
 6 Months Ended
Dec. 26, 2014
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 2014 and 2015 (in thousands):

  
Twin Disc, Inc. Shareholders’ Equity
     
  
Common Stock
  
Retained Earnings
  
Accumulated Other Comprehensive Income (Loss)
  
Treasury Stock
  
Non-Controlling Interest
  
Total 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
 

  
Twin Disc, Inc. Shareholders’ Equity
     
  
Common Stock
  
Retained Earnings
  
Accumulated Other Comprehensive Income (Loss)
  
Treasury Stock
  
Non- Controlling Interest
  
Total Equity
 
Balance-June 30, 2014
 
$
11,973
  
$
183,695
  
$ 
(15,943
)
 
$ 
(28,141
)
 
$
727
  
$
152,311
 
Net income
      
7,790
           
72
   
7,862
 
Translation adjustments
          
(8,838
)
      
(32
)
  
(8,870
)
Benefit plan adjustments, net of tax
          
1,003
           
1,003
 
Cash dividends
      
(2,030
)
          
(219
)
  
(2,249
)
Compensation expense and
                        
windfall tax benefits
  
381
                   
381
 
Shares (acquired) issued, net
  
(657
)
          
359
       
(298
)
Balance-December 26, 2014
 
$
11,697
  
$
189,455
  
$ 
(23,778
)
 
$ 
(27,782
)
 
$
548
  
$
150,140
 
Reconciliation for the Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax, by Component
Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three months ended September 26, and December 26, 2014, and September 27, and December 27, 2013 are as follows:

  
Translation Adjustment
  
Benefit Plan Adjustment
 
Balance at June 30, 2014
 
$
20,779
  
$ 
(36,722
)
Other comprehensive loss before reclassifications
  
(4,337
)
  
-
 
Amounts reclassified from accumulated other comprehensive income
  
-
   
488
 
Net current period other comprehensive income
  
(4,337
)
  
488
 
Balance at September 26, 2014
 
$
16,442
  
$ 
(36,234
)
Other comprehensive loss before reclassifications
  
(4,501
)
  
27
 
Amounts reclassified from accumulated other comprehensive income
  
-
   
488
 
Net current period other comprehensive income
  
(4,501
)
  
515
 
Balance at December 26, 2014
 
$
11,941
  
$ 
(35,719
)

  
Translation Adjustment
  
Benefit Plan Adjustment
 
Balance at June 30, 2013
 
$
16,949
  
$ 
(42,848
)
Other comprehensive loss before reclassifications
  
1,926
   
(62
)
Amounts reclassified from accumulated other comprehensive income
  
-
   
512
 
Net current period other comprehensive income
  
1,926
   
450
 
Balance at September 27, 2013
 
$
18,875
  
$ 
(42,398
)
Other comprehensive loss before reclassifications
  
1,113
   
14
 
Amounts reclassified from accumulated other comprehensive income
  
-
   
514
 
Net current period other comprehensive income
  
1,113
   
528
 
Balance at December 27, 2013
 
$
19,988
  
$ 
(41,870
)
Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax
Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the three and six months ended December 26, 2014 are as follows:

  
Amount Reclassified Three Months Ended
  
Amount Reclassified Six Months Ended
 
  
December 26, 2014
  
December 26, 2014
 
Amortization of benefit plan items
    
Actuarial losses
 
$
768
(a)
 
$
1,536
(a)
Transition asset and prior service benefit
  
10
   
19
 
Total before tax benefit
  
778
   
1,555
 
Tax benefit
  
290
   
579
 
Total reclassification net of tax
 
$
488
  
$
976
 

(a)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).

Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the three and six months ended December 27, 2013 are as follows:

  
Amount Reclassified Three Months Ended
  
Amount Reclassified Six Months Ended
 
  
December 27, 2013
  
December 27, 2013
 
Amortization of benefit plan items
    
Actuarial losses
 
$
865
(a)
 
$
1,728
(a)
Transition asset and prior service benefit
  
19
   
38
 
Total before tax benefit
  
884
   
1,766
 
Tax benefit
  
370
   
740
 
Total reclassification net of tax
 
$
514
  
$
1,026
 

(a)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).