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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 27, 2019
Dec. 28, 2018
Dec. 27, 2019
Dec. 28, 2018
Net Sales $ 59,536 $ 78,107 $ 118,826 $ 152,796
Cost of goods sold 43,825 52,019 93,479 102,723
Gross profit 15,711 26,088 25,347 50,073
Marketing, engineering and administrative expenses 16,413 18,909 32,759 37,894
Restructuring expenses 4,248 434 4,369 607
(Loss) income from operations (4,950) 6,745 (11,781) 11,572
Interest expense 447 417 836 1,134
Other expense (income), net 29 798 720 1,118
Non-operating income (expense) 476 1,215 1,556 2,252
(Loss) income before income taxes and noncontrolling interest (5,426) 5,530 (13,337) 9,320
Income tax expense (benefit) 1,040 1,451 (578) 2,338
Net (loss) income (6,466) 4,079 (12,759) 6,982
Less: Net earnings attributable to noncontrolling interest, net of tax (50) (6) (68) (47)
Net (loss) income attributable to Twin Disc $ (6,516) $ 4,073 $ (12,827) $ 6,935
(Loss) income per share data:        
Basic (loss) income per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.49) $ 0.31 $ (0.98) $ 0.56
Diluted (loss) income per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.49) $ 0.31 $ (0.98) $ 0.56
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 13,164 12,909 13,135 12,233
Diluted shares outstanding (in shares) 13,164 12,997 13,135 12,304
Comprehensive (loss) income        
Net (loss) income $ (6,466) $ 4,079 $ (12,759) $ 6,982
Benefit plan adjustments, net of income taxes of $169, $146, $338 and $292, respectively 548 478 1,105 949
Foreign currency translation adjustment 1,647 (1,786) (1,349) (2,347)
Unrealized income on cash flow hedge, net of income taxes of ($45), $0, ($1) and $0, respectively 146 3
Comprehensive (loss) income (4,125) 2,771 (13,000) 5,584
Less: Comprehensive (income) loss attributable to noncontrolling interest (50) 7 (86) (9)
Comprehensive (loss) income attributable to Twin Disc $ (4,175) $ 2,778 $ (13,086) $ 5,575