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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 29, 2019
Mar. 30, 2018
Mar. 29, 2019
Mar. 30, 2018
Net Sales $ 77,420 $ 65,349 $ 230,216 $ 166,960
Cost of goods sold 54,303 44,527 157,026 113,922
Gross profit 23,117 20,822 73,190 53,038
Marketing, engineering and administrative expenses 17,375 14,549 55,269 43,013
Restructuring expenses 131 452 738 2,501
Other operating income (1,357) (1,357)
Income from operations 6,968 5,821 18,540 7,524
Interest expense 449 80 1,583 227
Other expense (income), net 490 272 1,608 1,206
Non-operating income (expense) 939 352 3,191 1,433
Income before income taxes and noncontrolling interest 6,029 5,469 15,349 6,091
Income tax expense 1,442 1,133 3,780 2,401
Net income 4,587 4,336 11,569 3,690
Less: Net earnings attributable to noncontrolling interest, net of tax (27) (28) (75) (104)
Net income attributable to Twin Disc $ 4,560 $ 4,308 $ 11,494 $ 3,586
Income per share data:        
Basic income per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.35 $ 0.37 $ 0.91 $ 0.31
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.34 $ 0.37 $ 0.90 $ 0.31
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 12,914 11,313 12,437 11,289
Diluted shares outstanding (in shares) 13,146 11,344 12,652 11,320
Comprehensive income        
Net income $ 4,587 $ 4,336 $ 11,569 $ 3,690
Benefit plan adjustments, net of income taxes of $146, $212, $437 and $1,164, respectively 478 474 1,427 2,682
Foreign currency translation adjustment (869) 1,849 (3,217) 4,878
Comprehensive income 4,196 6,659 9,779 11,250
Less: Comprehensive income attributable to noncontrolling interest (44) (26) (52) (95)
Comprehensive income attributable to Twin Disc $ 4,152 $ 6,633 $ 9,727 $ 11,155