Business Segments

9 Months Ended

Mar. 27, 2015

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		Nine Months Ended
	Mar. 27,	Mar. 28,	Mar. 27,	Mar. 28,
	2015	2014	2015	2014
Manufacturing segment sales	$54,519	$52,957	$178,143	$163,224
Distribution segment sales	26,261	28,441	79,247	90,018
Inter/Intra segment elimination - manufacturing	(16,441)	(18,233)	(50,902)	(54,452)
Inter/Intra segment elimination - distribution	(3,398)	(2,460)	(8,032)	(8,447)
Net sales	$60,941	$60,705	$198,456	$190,343
Manufacturing segment net earnings (loss)	$3,589	($9)	$12,793	$3,662
Distribution segment net earnings	1,341	1,516	4,297	4,818
Corporate and eliminations	(1,984)	(1,982)	(6,354)	(7,160)
Net earnings (loss) attributable to Twin Disc	$2,946	($475)	$10,736	$1,320
	Mar. 27,	June 30,
Assets	2015	2014
Manufacturing segment assets	$247,531	$254,652
Distribution segment assets	56,185	57,233
Corporate assets and elimination
of inter-company assets	(57,340)	(44,900)
Total assets	$246,376	$266,985