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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 25, 2020
Sep. 27, 2019
Net Sales $ 46,143 $ 59,290
Cost of goods sold 35,866 49,654
Gross profit 10,277 9,636
Marketing, engineering and administrative expenses 13,022 16,346
Restructuring expenses 405 121
Loss from operations (3,150) (6,831)
Interest expense 573 389
Other expense (income), net 1,143 691
Non-operating income (expense) 1,716 1,080
Loss before income taxes and noncontrolling interest (4,866) (7,911)
Income tax benefit (929) (1,618)
Net Loss (3,937) (6,293)
Less: Net earnings attributable to noncontrolling interest, net of tax (42) (18)
Net Loss attributable to Twin Disc $ (3,979) $ (6,311)
Loss per share data:    
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.30) $ (0.48)
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.30) $ (0.48)
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 13,197 13,111
Diluted shares outstanding (in shares) 13,197 13,111
Comprehensive income (loss)    
Net loss $ (3,937) $ (6,293)
Benefit plan adjustments, net of income taxes of $177, and $169, respectively 553 557
Foreign currency translation adjustment 3,612 (2,996)
Unrealized gain (loss) on cash flow hedge, net of income taxes of $22 and ($44), respectively 75 (143)
Comprehensive income (loss) 303 (8,875)
Less: Comprehensive income attributable to noncontrolling interest (55) (36)
Comprehensive income (loss) attributable to Twin Disc $ 248 $ (8,911)