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Note B - Acquisition of Veth Propulsion Holding BV - Financial Information From Veth Propulsion Included in the Consolidated Statements of Operations (Details) - Veth Propulsion [Member] - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 28, 2018
Dec. 28, 2018
Net sales $ 14,083 $ 27,436
Gross profit (a) [1] 3,706 5,892
Operating income (loss) (b) [2] 681 (40)
Net income (loss) attributable to Twin Disc $ 376 $ (575)
[1] Gross profit includes the non-recurring charge for the step-up of inventories acquired of $1,002 and $2,173 for the quarter and two quarters ended December 28, 2018, respectively.
[2] In addition to (a), operating income (loss) includes the depreciation of property, plant and equipment and amortization of intangible assets acquired of $647 and $1,268 for the quarter and two quarters ended December 28, 2018, respectively. Operating income (loss) also includes one-time transaction charges related to the acquisition of $256 and $460 for the quarter and two quarters ended December 28, 2018, respectively.