Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Current assets:
Cash	$ 12,340	$ 10,688
Trade accounts receivable, net	39,491	30,682
Inventories	114,967	120,607
Assets held for sale	9,539	0
Prepaid expenses	5,704	5,269
Other	9,926	6,739
Total current assets	191,967	173,985
Property, plant and equipment, net	45,463	58,284
Operating lease right-of-use assets	14,736	14,448
Intangible assets, net	17,480	18,973
Deferred income taxes	2,511	24,445
Other assets	3,256	3,992
Total assets	275,413	294,127
Current liabilities:
Current maturities of long-term debt	2,000	4,691
Accounts payable	31,011	25,663
Accrued liabilities	45,549	36,380
Total current liabilities	78,560	66,734
Long-term debt	30,085	37,896
Lease obligations	12,887	12,738
Accrued retirement benefits	11,176	27,938
Deferred income taxes	5,045	5,501
Other long-term liabilities	7,000	3,362
Total liabilities	144,753	154,169
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	40,972	42,756
Retained earnings	126,936	156,655
Accumulated other comprehensive loss	(22,615)	(41,226)
Equity before treasury stock	145,293	158,185
Less treasury stock, at cost (984,139 and 1,226,809 shares, respectively)	15,083	18,796
Total Twin Disc shareholders' equity	130,210	139,389
Noncontrolling interest	450	569
Total equity	130,660	139,958
Total liabilities and equity	$ 275,413	$ 294,127