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Note G - Business Segments
 6 Months Ended
Dec. 28, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
G
.
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, azimuth drives, 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.  Its segment structure reflects the way management makes operating decisions and manages the growth and profitability of the business. It also corresponds with management’s approach of allocating resources and assessing the performance of its segments. 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 income.
 
Information about the Company’s segments is summarized as follows:
 
   
For the Quarter Ended
    
For the Two Quarters Ended
  
   
December 28, 2018
    
December 29, 2017
    
December 28, 2018
    
December 29, 2017
  
Net sales
                                
Manufacturing segment sales
   $
70,986
     $
48,580
     $
139,899
     $
88,453
  
Distribution segment sales
    
27,090
      
21,336
      
50,010
      
38,998
  
Inter/Intra segment elimination – manufacturing
    
(14,931
 )    
(9,489
 )    
(29,681
 )    
(19,821
 )
Inter/Intra segment elimination – distribution
    
(5,038
 )    
(3,881
 )    
(7,432
 )    
(6,019
 )
    $
78,107
     $
56,546
     $
152,796
     $
101,611
  
Net income (loss) attributable to Twin Disc
                                
Manufacturing segment net income
   $
7,924
     $
123
     $
15,159
     $
5,190
  
Distribution segment net income
    
569
      
387
      
1,434
      
1,056
  
Corporate and eliminations
    
(4,420
 )    
(4,623
 )    
(9,658
 )    
(6,968
 )
    $
4,073
     $
(4,113
 )   $
6,935
     $
(722
 )
 
Assets
  
December 28, 2018
    
June 30, 2018
  
Manufacturing segment assets
   $
380,928
     $
266,417
  
Distribution segment assets
    
59,382
      
52,230
  
Corporate assets and elimination of intercompany assets
    
(89,480
 )    
(77,407
 )
    $
350,830
     $
241,240