Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Cash	$ 12,362,000	$ 15,171,000
Accounts receivable, net	44,013,000	45,422,000
Inventories	125,893,000	84,001,000
Prepaid expenses	11,681,000	8,423,000
Other	8,420,000	6,252,000
Total current assets	202,369,000	159,269,000
Property, plant and equipment, net	71,258,000	55,467,000
Goodwill, net	25,954,000	2,692,000
Deferred income taxes	18,178,000	18,056,000
Intangible assets, net	25,353,000	1,906,000
Other assets	3,758,000	3,850,000
Total assets	346,870,000	241,240,000
Current liabilities:
Short-term borrowings and current maturities of long-term debt	2,000,000
Accounts payable	31,468,000	29,368,000
Total accrued liabilities	39,609,000	32,976,000
Total current liabilities	73,077,000	62,344,000
Long-term debt	40,491,000	4,824,000
Lease obligations	14,683,000	6,527,000
Accrued retirement benefits	25,878,000	21,068,000
Deferred income taxes	7,429,000	1,203,000
Other long-term liabilities	2,494,000	1,658,000
Total liabilities	164,052,000	97,624,000
Commitments and contingencies (Note Q)
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	45,047,000	11,570,000
Retained earnings	196,472,000	178,896,000
Accumulated other comprehensive loss	(37,971,000)	(23,792,000)
Equity before treasury stock	203,548,000	166,674,000
Less treasury stock, at cost (1,392,524 and 1,545,783 shares, respectively)	21,332,000	23,677,000
Total Twin Disc shareholders' equity	182,216,000	142,997,000
Noncontrolling interest	602,000	619,000
Total equity	182,818,000	143,616,000
Total liabilities and equity	$ 346,870,000	$ 241,240,000