Note B - Acquisition of Veth Propulsion Holding BV (Tables)

6 Months Ended

Dec. 28, 2018

Notes Tables

Schedule of Business Acquisitions by Acquisition, Consideration Transferred [Table Text Block]

Cash (a)	$	60,729
Fair value of contingent consideration (b)		2,920
Total	$	63,649

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash, including restricted cash	$	1,078		(a)
Accounts receivable and other current assets		9,999		(b)
Inventories		27,273		(c)
Property, plant and equipment		2,641		(d)
Intangibles		22,000		(e)
Other assets		258
Accounts payable and customer deposits and other current liabilities		(18,402	)
Deferred tax liability		(6,877	)	(f)
Total net assets acquired		37,970
Goodwill		25,679		(g)
Total consideration	$	63,649

Schedule of Inventory Acquired, Measured at Fair Value [Table Text Block]

Raw materials	$	12,804
Projects work in progress at fair value		14,469
Inventories at fair value		27,273
Inventories at book value		22,871
Step-up	$	4,402

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

	Estimated fair value		Estimated average useful lives		Annual amortization
Customer relationships	$	12,300		12	$	1,025
Technology and know-how		8,000		7		1,143
Tradename		1,700		10		170
Total	$	22,000			$	2,338

Business Acquisition, Pro Forma Information, Actual [Table Text Block]

	Quarter Ended		Two Quarters Ended
	December 28, 2018		December 28, 2018
Net sales	$	14,083	$	27,436
Gross profit (a)		3,706		5,892
Operating income (loss) (b)		681		(40	)
Net income (loss) attributable to Twin Disc		376		(575	)

Business Acquisition, Pro Forma Information [Table Text Block]

	Quarter Ended			Two Quarters Ended
	December 29, 2017			December 29, 2017
Net sales	$	71,191		$	130,902
Gross profit (a)		21,420			38,609
Net loss attributable to Twin Disc (b)		(4,790	)		(2,075	)
Basic loss per share attributable to Twin Disc common shareholders	$	(0.42	)	$	(0.18	)
Diluted loss per share attributable to Twin Disc common shareholders	$	(0.42	)	$	(0.18	)
Weighted average number of common shares outstanding:
Basic		11,297			11,278
Diluted		11,297			11,278