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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 25, 2016
Mar. 27, 2015
Mar. 25, 2016
Mar. 27, 2015
Net sales $ 41,434 $ 60,941 $ 123,635 $ 198,456
Cost of goods sold 31,816 41,935 94,222 134,958
Gross profit 9,618 19,006 29,413 63,498
Marketing, engineering and administrative expenses 14,072 $ 15,669 43,905 $ 48,086
Restructuring expenses $ 272 787
Other operating expense (income) (445)
(Loss) earnings from operations $ (4,726) $ 3,337 (14,834) $ 15,412
Interest expense 156 122 356 436
Other (income) expense, net 187 (539) 260 (1,021)
Non-operating income (expense) 343 (417) 616 (585)
(Loss) earnings before income taxes and noncontrolling interest (5,069) 3,754 (15,450) 15,997
Income tax (benefit) expense (4,138) 707 (7,955) 5,088
Net (loss) earnings (931) 3,047 (7,495) 10,909
Less: Net earnings attributable to noncontrolling interest, net of tax (32) (101) (91) (173)
Net (loss) earnings attributable to Twin Disc $ (963) $ 2,946 $ (7,586) $ 10,736
Dividends per share (in dollars per share) $ 0.09 $ 0.18 $ 0.27
(Loss) earnings per share data:        
Basic (loss) earnings per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.09) 0.26 (0.68) 0.95
Diluted (loss) earnings per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.09) $ 0.26 $ (0.68) $ 0.95
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 11,207 11,277 11,201 11,276
Dilutive stock awards (in shares) 2 4
Diluted shares outstanding (in shares) 11,207 11,279 11,201 11,280
Comprehensive income (loss):        
Net income $ (931) $ 3,047 $ (7,495) $ 10,909
Benefit plan adjustments, net of income taxes of $243, $322, $1,134 and $917, respectively 671 542 2,215 1,545
Foreign currency translation adjustment 1,941 (5,892) (2,189) (14,762)
Comprehensive income (loss) 1,681 (2,303) (7,469) (2,308)
Less: Comprehensive income attributable to noncontrolling interest (33) (46) (81) (87)
Comprehensive income (loss) attributable to Twin Disc $ 1,648 $ (2,349) $ (7,550) $ (2,395)