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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 24, 2021
Sep. 25, 2020
Net Sales $ 47,761 $ 46,179
Cost of goods sold 34,314 36,476
Gross profit 13,447 9,703
Marketing, engineering and administrative expenses 13,091 12,445
Restructuring expenses 48 405
Other operating income (2,939) 0
Income (loss) from operations 3,247 (3,147)
Interest expense 530 573
Other expense (income), net 355 1,148
Non-operating income (expense) 885 1,721
Income (loss) before income taxes and noncontrolling interest 2,362 (4,868)
Income tax expense (benefit) 382 (931)
Net income (loss) 1,980 (3,937)
Less: Net earnings attributable to noncontrolling interest, net of tax (60) (42)
Net income (loss) attributable to Twin Disc $ 1,920 $ (3,979)
Income (loss) per share data:    
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.14 $ (0.30)
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.14 $ (0.30)
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 13,283 13,197
Diluted shares outstanding (in shares) 13,350 13,197
Comprehensive income    
Net income (loss) $ 1,980 $ (3,937)
Benefit plan adjustments, net of income taxes of $117 and $177, respectively 384 553
Foreign currency translation adjustment (1,938) 3,612
Unrealized gain on hedges, net of income taxes of $63 and $22, respectively 204 75
Comprehensive income 630 303
Less: Comprehensive income attributable to noncontrolling interest (136) (55)
Comprehensive income attributable to Twin Disc $ 494 $ 248