XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 29, 2023
Sep. 29, 2023
Jun. 30, 2023
Dec. 30, 2022
Sep. 30, 2022
Jun. 30, 2022
Current assets:            
Cash $ 21,021   $ 13,263 $ 13,528    
Trade accounts receivable, net 41,428   54,760 39,392    
Inventories 131,768   131,930 136,810    
Assets held for sale 2,968   2,968 2,968    
Prepaid expenses 10,157   8,459 10,871    
Other 9,235   8,326 7,228    
Total current assets 216,577   219,706 210,797    
Property, plant and equipment, net 40,334   38,650 39,683    
Right-of-use assets operating leases 12,017   13,133 12,807    
Intangible assets, net 11,146   12,637 11,798    
Deferred income taxes 2,371   2,244 2,403    
Other assets 2,745   2,811 2,766    
Total assets 285,190   289,181 280,254    
Current liabilities:            
Current maturities of long-term debt 2,000   2,010 2,000    
Accounts payable 32,611   36,499 28,906    
Accrued liabilities 62,929   61,586 55,939    
Total current liabilities 97,540   100,095 86,845    
Long-term debt 15,698   16,617 29,927    
Lease obligations 9,988   10,811 10,278    
Accrued retirement benefits 6,975   7,608 10,587    
Deferred income taxes 3,162   3,280 3,506    
Other long-term liabilities 5,917   5,253 5,346    
Total liabilities 139,280   143,664 146,489    
Twin Disc shareholders' equity:            
Preferred shares authorized: 200,000; issued: none; no par value 0   0 0    
Common shares authorized: 30,000,000; issued: 14,632,802; no par value 39,661   42,855 41,444    
Retained earnings 119,496   120,299 110,243    
Accumulated Other Comprehensive Income (Loss), Net of Tax (4,059)   (5,570) (5,982)    
Equity before treasury stock 155,098   157,584 145,705    
Less treasury stock, at cost (639,006 and 814,734 shares, respectively) 9,802   12,491 12,562    
Total Twin Disc shareholders' equity 145,296   145,093 133,143    
Noncontrolling interest 614   424 622    
Total equity 145,910 $ 140,175 145,517 133,765 $ 124,768 $ 131,188
Total liabilities and equity $ 285,190   $ 289,181 $ 280,254