Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 25, 2020	Jun. 30, 2020
Current assets:
Cash	$ 11,838	$ 10,688
Trade accounts receivable, net	31,893	30,682
Inventories	122,161	120,607
Prepaid expenses	4,206	5,269
Other	5,096	6,739
Total current assets	175,194	173,985
Property, plant and equipment, net	78,187	72,732
Intangible assets, net	18,856	18,973
Deferred income taxes	30,924	24,445
Other assets	3,422	3,992
Total assets	306,583	294,127
Current liabilities:
Current maturities of long-term debt	5,569	4,691
Accounts payable	26,615	25,663
Accrued liabilities	42,924	36,380
Total current liabilities	75,108	66,734
Long-term debt (Note J)	36,195	37,896
Lease obligations	18,099	13,495
Accrued retirement benefits	27,156	27,938
Deferred income taxes	5,564	5,501
Other long-term liabilities	2,066	2,605
Total liabilities	164,188	154,169
Commitments and contingencies (Note D)
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; no par value	39,918	42,756
Retained earnings	148,363	156,655
Accumulated other comprehensive loss	(31,452)	(41,226)
Equity before treasury stock	156,829	158,185
Less treasury stock, at cost (985,426 and 1,226,809 shares, respectively)	15,102	18,796
Total Twin Disc shareholders' equity	141,727	139,389
Noncontrolling interest	668	569
Total equity	142,395	139,958
Total liabilities and equity	$ 306,583	$ 294,127