Note K - Shareholders' Equity (Tables)

6 Months Ended

Dec. 29, 2023

Notes Tables

Schedule of Stockholders Equity [Table Text Block]

	Twin Disc, Inc. Shareholders’ Equity
							Accumulated
							Other						Non-
	Common			Retained			Comprehensive			Treasury			Controlling		Total
	Stock			Earnings			Loss			Stock			Interest		Equity
Balance, June 30, 2023	$	42,855		$	120,299		$	(5,570	)	$	(12,491	)	$	424	$	145,517
Net (loss) income					(1,173	)								90		(1,083	)
Translation adjustments								(3,096	)					60		(3,036	)
Benefit plan adjustments, net of tax								(171	)							(171	)
Unrealized gain on hedges, net of tax								216								216
Compensation expense		495														495
Shares (acquired) issued, net		(3,911	)								2,148					(1,763	)
Balance, September 29, 2023		39,439			119,126			(8,621	)		(10,343	)		574		140,175
Net income					930									5		935
Dividends paid to shareholders					(560	)										(560	)
Translation adjustments								5,155						35		5,190
Benefit plan adjustments, net of tax								(108	)							(108	)
Unrealized loss on hedges, net of tax								(485	)							(485	)
Compensation expense		772														772
Shares (acquired) issued, net		(550	)								541					(9	)
Balance, December 29, 2023	$	39,661		$	119,496		$	(4,059	)	$	(9,802	)	$	614	$	145,910

	Twin Disc, Inc. Shareholders’ Equity
							Accumulated
							Other						Non-
	Common			Retained			Comprehensive			Treasury			Controlling		Total
	Stock			Earnings			Loss			Stock			Interest		Equity
Balance, June 30, 2022	$	42,551		$	109,919		$	(6,974	)	$	(14,720	)	$	412	$	131,188
Net (loss) income					(1,422	)								98		(1,324	)
Translation adjustments								(6,328	)					38		(6,290	)
Benefit plan adjustments, net of tax								(89	)							(89	)
Unrealized gain on hedges, net of tax								793								793
Compensation expense		658														658
Shares (acquired) issued, net		(1,924	)								1,756					(168	)
Balance, September 30, 2022		41,285			108,497			(12,598	)		(12,964	)		548		124,768
Net income					1,746									15		1,761
Translation adjustments								8,333						59		8,392
Benefit plan adjustments, net of tax								(1,122	)							(1,122	)
Unrealized loss on hedges, net of tax								(595	)							(595	)
Compensation expense		856														856
Shares (acquired) issued, net		(697	)								402					(295	)
Balance, December 30, 2022	$	41,444		$	110,243		$	(5,982	)	$	(12,562	)	$	622	$	133,765

Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]

	Translation			Benefit Plan			Cash Flow			Net Investment
	Adjustment			Adjustment			Hedges			Hedges
Balance, June 30, 2023	$	(1,582	)	$	(5,948	)	$	688		$	1,272
Translation adjustment during the quarter		(3,096	)		-			-			-
Amounts reclassified from accumulated other comprehensive loss		-			(171	)		(6	)		222
Net current period other comprehensive (loss) income		(3,096	)		(171	)		(6	)		222
Balance, September 29, 2023		(4,678	)		(6,119	)		682			1,494
Translation adjustment during the quarter		5,155
Amounts reclassified from accumulated other comprehensive loss		-			(108	)		(183	)		(302	)
Net current period other comprehensive income (loss)		5,155			(108	)		(183	)		(302	)
Balance at December 29, 2023	$	477		$	(6,227	)	$	499		$	1,192

	Translation			Benefit Plan			Cash Flow			Net Investment
	Adjustment			Adjustment			Hedges			Hedges
Balance, June 30, 2022	$	(2,266	)	$	(6,614	)	$	356		$	1,550
Translation adjustment during the quarter		(6,328	)		-			-			-
Amounts reclassified from accumulated other comprehensive loss		-			(89	)		657			136
Net current period other comprehensive (loss) income		(6,328	)		(89	)		657			136
Balance, September 30, 2022		(8,594	)		(6,703	)		1,013			1,686
Translation adjustment during the quarter		8,333			-			-			-
Amounts reclassified from accumulated other comprehensive loss					(7	)		(10	)		(585	)
Plan merger adjustment		-			(1,115	)		-			-
Net current period other comprehensive income (loss)		8,333			(1,122	)		(10	)		(585	)
Balance at December 30, 2022	$	(261	)	$	(7,825	)	$	1,003		$	1,101

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	Amount Reclassified				Amount Reclassified
	Quarter Ended				Two Quarters Ended
	December 29, 2023				December 29, 2023
Changes in benefit plan items
Actuarial losses	$	(91	)	(a)	$	(263	)	(a)
Transition asset and prior service benefit		(4	)	(a)		(8	)	(a)
Total amortization		(95	)			(271	)
Income tax expense		(13	)			(8	)
Total reclassification net of tax	$	(108	)		$	(279	)

	Amount Reclassified				Amount Reclassified
	Quarter Ended				Two Quarters Ended
	December 30, 2022				December 30, 2022
Changes in benefit plan items
Actuarial losses	$	664		(a)	$	1,223		(a)
Transition asset and prior service benefit		(51	)	(a)		(101	)	(a)
Mark-to-market adjustment		(607	)			(1,214	)
Plan merger remeasurement adjustment		(1,115	)			(1,115	)
Total amortization		(1,109	)			(1,207	)
Income taxes		(13	)			(4	)
Total reclassification net of tax	$	(1,122	)		$	(1,211	)