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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Sep. 25, 2015
Sep. 26, 2014
Net sales $ 37,373,000 $ 64,824,000
Cost of goods sold 29,183,000 42,435,000
Gross profit 8,190,000 22,389,000
Marketing, engineering and administrative expenses 15,240,000 $ 15,910,000
Other operating income (500,000)
(Loss) earnings from operations (6,550,000) $ 6,479,000
Interest expense 91,000 164,000
Other (income) expense, net (158,000) (340,000)
Non-operating income (expense) (67,000) (176,000)
(Loss) earnings before income taxes and noncontrolling interest (6,483,000) 6,655,000
Income taxes (2,208,000) 2,593,000
Net (loss) earnings (4,275,000) 4,062,000
Less: Net earnings attributable to noncontrolling interest, net of tax (48,000) (19,000)
Net (loss) earnings attributable to Twin Disc $ (4,323,000) $ 4,043,000
Dividends per share (in dollars per share) $ 0.09 $ 0.09
(Loss) earnings per share data:    
Basic (loss) earnings per share attributable to Twin Disc common shareholders (in dollars per share) (0.39) 0.36
Diluted (loss) earnings per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.39) $ 0.36
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 11,313 11,270
Dilutive stock awards (in shares) 6
Diluted shares outstanding (in shares) 11,313 11,276
Comprehensive income:    
Net (loss) earnings $ (4,275,000) $ 4,062,000
Benefit plan adjustments, net of income taxes of $423 and $290, respectively 739,000 488,000
Foreign currency translation adjustment (1,805,000) (4,328,000)
Comprehensive (loss) income (5,341,000) 222,000
Less: Comprehensive income attributable to noncontrolling interest (29,000) (28,000)
Comprehensive (loss) income attributable to Twin Disc $ (5,370,000) $ 194,000