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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Net Sales $ 242,913 $ 218,581
Cost of goods sold 174,101 167,724
Gross profit 68,812 50,857
Marketing, engineering and administrative expenses 60,085 55,750
Restructuring expenses 973 7,377
Other operating income (3,282) 0
Income (loss) from operations 11,036 (12,270)
Other income (expense):    
Interest expense (2,128) (2,358)
Income from extinguishment of loan 0 8,200
Other income (expense), net 1,321 (3,411)
Non-operating income (expense) (807) 2,431
Income (loss) before income taxes and noncontrolling interest 10,229 (9,839)
Income tax expense 1,823 19,680
Net income (loss) 8,406 (29,519)
Less: Net earnings attributable to noncontrolling interest, net of tax (311) (200)
Net income (loss) attributable to Twin Disc $ 8,095 $ (29,719)
Income (loss) per share data:    
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.61 $ (2.24)
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.60 $ (2.24)
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 13,353 13,247
Dilutive stock awards (in shares) 29 0
Diluted shares outstanding (in shares) 13,382 13,247
Comprehensive loss    
Net income (loss) $ 8,406 $ (29,519)
Foreign currency translation adjustment (11,593) 5,639
Benefit plan adjustments, net of income taxes of $7 and $3,791, respectively (263) 12,113
Unrealized gain on hedges, net of income taxes of $0 and 235, respectively 2,250 760
Comprehensive loss (1,200) (11,007)
Less: Comprehensive income (loss) attributable to noncontrolling interest 176 (101)
Comprehensive loss attributable to Twin Disc $ (1,024) $ (11,108)