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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 30, 2022
Jun. 30, 2022
Current assets:    
Cash $ 13,528 $ 12,521
Trade accounts receivable, net 39,392 45,452
Inventories 136,810 127,109
Assets held for sale 2,968 2,968
Prepaid expenses 10,871 7,756
Other 7,228 8,646
Total current assets 210,797 204,452
Property, plant and equipment, net 39,683 41,615
Right-of-use assets operating leases 12,807 12,685
Intangible assets, net 11,798 13,010
Deferred income taxes 2,403 2,178
Other assets 2,766 2,583
Total assets 280,254 276,523
Current liabilities:    
Current maturities of long-term debt 2,000 2,000
Accounts payable 28,906 28,536
Accrued liabilities 55,939 50,542
Total current liabilities 86,845 81,078
Long-term debt, less current maturities 29,927 34,543
Lease obligations 10,278 10,575
Accrued retirement benefits 10,587 9,974
Deferred income taxes 3,506 3,802
Other long-term liabilities 5,346 5,363
Total liabilities 146,489 145,335
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 41,444 42,551
Retained earnings 134,141 135,031
Accumulated other comprehensive loss (29,880) (32,086)
Equity before treasury stock 145,705 145,496
Less treasury stock, at cost (819,398 and 960,459 shares, respectively) 12,562 14,720
Total Twin Disc shareholders' equity 133,143 130,776
Noncontrolling interest 622 412
Total equity 133,765 131,188
Total liabilities and equity $ 280,254 $ 276,523