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Note K - Shareholders' Equity (Tables)
9 Months Ended
Mar. 27, 2020
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
 
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
 
Net (loss) income
   
 
     
(25,230
)    
 
     
 
     
54
     
(25,176
)
Translation adjustments
   
 
     
 
     
(1,257
)    
 
     
(9
)    
(1,266
)
Benefit plan adjustments, net of tax
   
 
     
 
     
1,593
     
 
     
 
     
1,593
 
Unrealized loss on cash flow hedge, net of tax
   
 
     
 
     
(582
)    
 
     
 
     
(582
)
Compensation expense
   
(19
)    
 
     
 
     
 
     
 
     
(19
)
Balance, March 27, 2020
  $
42,286
    $
158,415
    $
(38,476
)   $
(18,796
)   $
606
    $
144,035
 
   
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
   
 
     
2,861
     
 
     
 
     
41
     
2,902
 
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
     
188,660
     
(30,760
)    
(24,005
)    
520
     
178,459
 
Net income
   
 
     
4,073
     
 
     
 
     
6
     
4,079
 
Translation adjustments
   
 
     
 
     
(1,773
)    
 
     
(13
)    
(1,786
)
Benefit plan adjustments, net of tax
   
 
     
 
     
478
     
 
     
 
     
478
 
Compensation expense
   
590
     
 
     
 
     
 
     
 
     
590
 
Shares (acquired) issued, net
   
(497
)    
 
     
 
     
520
     
 
     
23
 
Balance, December 28, 2018
   
44,137
     
192,733
     
(32,055
)    
(23,485
)    
513
     
181,843
 
Net income
   
 
     
4,560
     
 
     
 
     
27
     
4,587
 
Translation adjustments
   
 
     
 
     
(885
)    
 
     
16
     
(869
)
Benefit plan adjustments, net of tax
   
 
     
 
     
478
     
 
     
 
     
478
 
Compensation expense
   
603
     
 
     
 
     
 
     
 
     
603
 
Shares issued (acquired), net
   
15
     
 
     
 
     
(15
)    
 
     
-
 
Balance, March 29, 2019
  $
44,755
    $
197,293
    $
(32,462
)   $
(23,500
)   $
556
    $
186,642
 
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 adjustment during the quarter
   
(1,257
)    
-
     
-
 
Amounts reclassified from accumulated other comprehensive income
   
-
     
1,593
     
(582
)
Net current period other comprehensive (loss) income
   
(1,257
)    
1,593
     
(582
)
Balance at March 27, 2020
  $
1,815
    $
(39,203
)   $
(1,088
)
   
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
)
Translation adjustment during the quarter
   
(885
)    
-
 
Amounts reclassified from accumulated other comprehensive income
   
-
     
478
 
Net current period other comprehensive income
   
(885
)    
478
 
Balance at March 29, 2019
  $
3,891
    $
(36,353
)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   
Amount Reclassified
     
Amount Reclassified
   
   
Quarter Ended
     
Three Quarters Ended
   
   
March 27, 2020
      March 27, 2020    
Changes in benefit plan items
 
 
 
 
   
 
 
 
 
Actuarial losses   $
670
 
(a)
  $
2,240
 
(a)
Transition asset and prior service benefit    
(64
)
(a)
   
(191
)
(a)
Total amortization    
606
 
 
   
2,049
 
 
Other benfefit plan adjustments    
(1,477
)
 
   
(1,477
)
 
Income taxes    
490
 
 
   
 828
 
 
Total reclassification net of tax   $
1,593
 
 
  $
2,698
 
 
   
Amount Reclassified
     
Amount Reclassified
   
   
Quarter Ended
     
Three Quarters Ended
   
   
March 29, 2019
      March 29, 2019    
Changes in benefit plan items
 
 
 
 
   
 
 
 
 
Actuarial losses   $
614
 
(a)
  $
1,835
 
(a)
Transition asset and prior service benefit    
10
 
(a)
   
29
 
(a)
Total amortization    
624
 
 
   
1,864
 
 
Income taxes    
146
 
 
   
 437
 
 
Total reclassification net of tax   $
478
 
 
  $
1,427