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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 25, 2016
Mar. 31, 2017
Mar. 25, 2016
Net sales $ 45,084 $ 41,434 $ 114,591 $ 123,635
Cost of goods sold 31,790 31,816 83,175 94,222
Gross profit 13,294 9,618 31,416 29,413
Marketing, engineering and administrative expenses 13,737 14,072 38,772 43,905
Restructuring expenses 293 272 1,367 787
Impairment charge 2,637 2,637
Other operating (income) (445)
Loss from operations (3,373) (4,726) (11,360) (14,834)
Interest expense 61 156 236 356
Other (income) expense, net (67) 187 (414) 260
Non-operating income (expense) (6) 343 (178) 616
Loss before income taxes and noncontrolling interest (3,367) (5,069) (11,182) (15,450)
Income tax benefit (1,639) (4,138) (3,892) (7,955)
Net loss (1,728) (931) (7,290) (7,495)
Less: Net earnings attributable to noncontrolling interest, net of tax (121) (32) (166) (91)
Net loss attributable to Twin Disc $ (1,849) $ (963) $ (7,456) $ (7,586)
Dividends per share (in dollars per share) $ 0.18
Loss per share data:        
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share) (0.16) (0.09) (0.66) (0.68)
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.16) $ (0.09) $ (0.66) $ (0.68)
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 11,250 11,207 11,236 11,201
Dilutive stock awards (in shares)
Diluted shares outstanding (in shares) 11,250 11,207 11,236 11,201
Comprehensive income (loss):        
Net loss $ (1,728) $ (931) $ (7,290) $ (7,495)
Benefit plan adjustments, net of income taxes of $398, $243, $1,196 and $1,134, respectively 682 671 2,104 2,215
Foreign currency translation adjustment 1,059 1,941 (2,456) (2,189)
Comprehensive income (loss) 13 1,681 (7,642) (7,469)
Less: Comprehensive income attributable to noncontrolling interest (38) (33) (149) (81)
Comprehensive (loss) income attributable to Twin Disc $ (25) $ 1,648 $ (7,791) $ (7,550)