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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 28, 2018
Jun. 30, 2018
Current assets:    
Cash $ 18,542 $ 15,171
Trade accounts receivable, net 47,890 45,422
Inventories 130,234 84,001
Prepaid expenses 7,314 8,423
Other 8,320 6,252
Total current assets 212,300 159,269
Property, plant and equipment, net 70,309 55,467
Goodwill, net 27,829 2,692
Intangible assets, net 22,362 1,906
Deferred income taxes 13,907 18,056
Other assets 4,123 3,850
Total assets 350,830 241,240
Current liabilities:    
Accounts payable 35,123 29,368
Accrued liabilities 42,266 32,976
Total current liabilities 77,389 62,344
Long-term debt 46,686 4,824
Lease obligations 16,467 6,527
Accrued retirement benefits 19,552 21,068
Deferred income taxes 7,053 1,203
Other long-term liabilities 1,839 1,658
Total liabilities 168,986 97,624
Commitments and contingencies (Note F)
Twin Disc shareholders' equity:    
Preferred shares authorized: 200,000; issued: none; no par value 0 0
Common shares authorized: 30,000,000; issued: 14,632,802 and 13,099,468, respectively; no par value 44,137 11,570
Retained earnings 192,734 178,896
Accumulated other comprehensive loss (32,055) (23,792)
Equity before treasury stock 204,816 166,674
Less treasury stock, at cost (1,533,290 and 1,545,783 shares, respectively) 23,485 23,677
Total Twin Disc shareholders' equity 181,331 142,997
Noncontrolling interest 513 619
Total equity 181,844 143,616
Total liabilities and equity $ 350,830 $ 241,240