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Note K - Shareholders' Equity (Tables)
6 Months Ended
Dec. 27, 2019
Notes Tables  
Schedule of Stockholders Equity [Table Text Block]
       
   
Twin Disc, Inc. Shareholders’ Equity
 
                   
Accumulated
                         
                   
Other
           
Non-
         
   
Common
   
Retained
   
Comprehensive
   
Treasury
   
Controlling
   
Total
 
   
Stock
   
Earnings
   
Income (Loss)
   
Stock
   
Interest
   
Equity
 
Balance, June 30, 2019
  $
45,047
    $
196,472
    $
(37,971
)   $
(21,332
)   $
602
    $
182,818
 
Net (loss) income
   
 
     
(6,311
)    
 
     
 
     
18
     
(6,293
)
Translation adjustments
   
 
     
 
     
(3,014
)    
 
     
18
     
(2,996
)
Benefit plan adjustments, net of tax
   
 
     
 
     
557
     
 
     
 
     
557
 
Unrealized loss on cash flow hedge, net of tax
   
 
     
 
     
(143
)    
 
     
 
     
(143
)
Cash dividends
   
 
     
 
     
 
     
 
     
(127
)    
(127
)
Compensation expense
   
459
     
 
     
 
     
 
     
 
     
459
 
Shares (acquired) issued, net
   
(2,324
)    
 
     
 
     
1,412
     
 
     
(912
)
Balance, September 27, 2019
   
43,182
     
190,161
     
(40,571
)    
(19,920
)    
511
     
173,363
 
Net (loss) income
   
 
     
(6,516
)    
 
     
 
     
50
     
(6,466
)
Translation adjustments
   
 
     
 
     
1,647
     
 
     
-
     
1,647
 
Benefit plan adjustments, net of tax
   
 
     
 
     
548
     
 
     
 
     
548
 
Unrealized income on cash flow hedge, net of tax
   
 
     
 
     
146
     
 
     
 
     
146
 
Cash dividends
   
 
     
 
     
 
     
 
     
 
     
-
 
Compensation expense
   
248
     
 
     
 
     
 
     
 
     
248
 
Shares (acquired) issued, net
   
(1,125
)    
 
     
 
     
1,124
     
 
     
(1
)
Balance, December 27, 2019
  $
42,305
    $
183,645
    $
(38,230
)   $
(18,796
)   $
561
    $
169,485
 
   
Twin Disc, Inc. Shareholders’ Equity
 
                   
Accumulated
                         
                   
Other
           
Non-
         
   
Common
   
Retained
   
Comprehensive
   
Treasury
   
Controlling
   
Total
 
   
Stock
   
Earnings
   
Income (Loss)
   
Stock
   
Interest
   
Equity
 
Balance, June 30, 2018
  $
11,570
    $
178,896
    $
(23,792
)   $
(23,677
)   $
619
    $
143,616
 
Net income
   
 
     
2,862
     
 
     
 
     
41
     
2,903
 
Translation adjustments
   
 
     
 
     
(536
)    
 
     
(25
)    
(561
)
Benefit plan adjustments, net of tax
   
 
     
 
     
471
     
 
     
 
     
471
 
Release stranded tax effects
   
 
     
6,903
     
(6,903
)    
 
     
 
     
-
 
Cash dividends
   
 
     
 
     
 
     
 
     
(115
)    
(115
)
Compensation expense
   
850
     
 
     
 
     
 
     
 
     
850
 
Common stock issued, net
   
32,210
     
 
     
 
     
 
     
 
     
32,210
 
Shares acquired, net
   
(586
)    
 
     
 
     
(328
)    
 
     
(914
)
Balance, September 28, 2018
   
44,044
     
188,661
     
(30,760
)    
(24,005
)    
520
     
178,460
 
Net income
   
 
     
4,073
     
 
     
 
     
6
     
4,079
 
Translation adjustments
   
 
     
 
     
(1,773
)    
 
     
(13
)    
(1,786
)
Benefit plan adjustments, net of tax
   
 
     
 
     
478
     
 
     
 
     
478
 
Cash dividends
   
 
     
 
     
 
     
 
     
 
     
-
 
Compensation expense
   
590
     
 
     
 
     
 
     
 
     
590
 
Shares (acquired) issued, net
   
(497
)    
 
     
 
     
520
     
 
     
23
 
Balance, December 28, 2018
  $
44,137
    $
192,734
    $
(32,055
)   $
(23,485
)   $
513
    $
181,844
 
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]
   
Translation
   
Benefit Plan
   
Cash Flow
 
   
Adjustment
   
Adjustment
   
Hedges
 
Balance at June 30, 2019
  $
4,439
    $
(41,901
)   $
(509
)
Translation adjustment during the quarter
   
(3,014
)    
-
     
-
 
Amounts reclassified from accumulated other comprehensive income
   
-
     
557
     
(143
)
Net current period other comprehensive (loss) income
   
(3,014
)    
557
     
(143
)
Balance at September 27, 2019
   
1,425
     
(41,344
)    
(652
)
Translation adjustment during the quarter
   
1,647
     
-
     
-
 
Amounts reclassified from accumulated other comprehensive income
   
-
     
548
     
146
 
Net current period other comprehensive income
   
1,647
     
548
     
146
 
Balance at December 27, 2019
  $
3,072
    $
(40,796
)   $
(506
)
   
Translation
   
Benefit Plan
 
   
Adjustment
   
Adjustment
 
Balance at June 30, 2018
  $
7,085
    $
(30,877
)
Translation adjustment during the quarter
   
(536
)    
-
 
Release stranded tax effects
   
-
     
(6,903
)
Amounts reclassified from accumulated other comprehensive income
   
-
     
471
 
Net current period other comprehensive loss
   
(536
)    
(6,432
)
Balance at September 28, 2018
   
6,549
     
(37,309
)
Translation adjustment during the quarter
   
(1,773
)    
-
 
Amounts reclassified from accumulated other comprehensive income
   
-
     
478
 
Net current period other comprehensive (loss) income
   
(1,773
)    
478
 
Balance at December 28, 2018
  $
4,776
    $
(36,831
)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   
Amount Reclassified
   
Amount Reclassified
 
   
Quarter Ended
   
Two Quarters Ended
 
   
December 27, 2019
   
December 27, 2019
 
Changes in benefit plan items
 
 
 
 
 
 
 
 
Actuarial losses
  $
781
  (a)
  $
1,571
  (a)
Transition asset and prior service benefit
   
(64
) (a)
   
(128
) (a)
Total amortization
   
717
 
   
1,443
 
Income taxes
   
169
 
   
338
 
Total reclassification net of tax
  $
548
 
  $
1,105
 
   
Amount Reclassified
   
Amount Reclassified
 
   
Quarter Ended
   
Two Quarters Ended
 
   
December 28, 2018
   
December 28, 2018
 
Changes in benefit plan items
 
 
 
 
 
 
 
 
Actuarial losses
  $
614
 (a)
  $
1,222
 (a)
Transition asset and prior service benefit
   
10
 (a)
   
19
 (a)
Total amortization
   
624
 
   
1,241
 
Income taxes
   
146
 
   
292
 
Total reclassification net of tax
  $
478
 
  $
949