XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 29, 2017
Sep. 30, 2016
Net sales $ 45,064 $ 35,835
Cost of goods sold 31,169 26,662
Gross profit 13,895 9,173
Marketing, engineering and administrative expenses 13,668 12,475
Restructuring expenses 1,218 258
Loss from operations (991) (3,560)
Interest expense 64 53
Other expense, net 198 110
Non-operating income (expense) 262 163
Loss before income taxes and noncontrolling interest (1,253) (3,723)
Income tax benefit (4,658) (1,052)
Net income (loss) 3,405 (2,671)
Less: Net earnings attributable to noncontrolling interest, net of tax (13) (25)
Net income (loss) attributable to Twin Disc $ 3,392 $ (2,696)
Dividends per share (in dollars per share)
Income (loss) per share data:    
Basic income (loss) per share (in dollars per share) 0.29 (0.24)
Net income (loss) per share - diluted (in dollars per share) $ 0.29 $ (0.24)
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 11,256 11,217
Diluted shares outstanding (in shares) 11,259 11,217
Comprehensive income (loss):    
Net income (loss) $ 3,405 $ (2,671)
Benefit plan adjustments, net of income taxes of $278 and $399, respectively 474 672
Foreign currency translation adjustment 2,541 683
Comprehensive income (loss) 6,420 (1,316)
Less: Comprehensive income attributable to noncontrolling interest (7) (81)
Comprehensive income (loss) attributable to Twin Disc $ 6,413 $ (1,397)