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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Dec. 29, 2023
Dec. 30, 2022
Net sales $ 72,994 $ 63,351 $ 136,547 $ 119,264
Gross profit 20,656 17,023 37,292 30,320
Marketing, engineering and administrative expenses 17,149 15,983 34,068 31,063
Restructuring expenses 69 164 68 174
Other operating income 0 (4,150) 0 (4,150)
Income from operations 3,438 5,026 3,156 3,233
Interest expense 392 594 786 1,160
Other expense (income), net 449 182 310 (164)
Non-operating income (expense) 841 776 1,096 996
Income before income taxes and noncontrolling interest 2,597 4,250 2,061 2,237
Income tax expense 1,662 2,489 2,208 1,801
Net income (loss) 935 1,761 (148) 436
Less: Net earnings attributable to noncontrolling interest, net of tax (5) (15) (95) (112)
Net income (loss) attributable to Twin Disc $ 930 $ 1,746 $ (243) $ 324
Dividends per share (in dollars per share) $ 0.04 $ 0 $ 0.04 $ 0
Income (loss) per share data:        
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) 0.07 0.13 (0.02) 0.02
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.07 $ 0.13 $ (0.02) $ 0.02
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 13,718 13,460 13,629 13,434
Diluted shares outstanding (in shares) 13,923 13,699 13,629 13,649
Comprehensive income (loss)        
Net income (loss) $ 935 $ 1,761 $ (148) $ 436
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively (108) (1,122) (279) (1,211)
Translation adjustment during the quarter 5,190 8,392 2,154 2,102
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively (485) (595) (269) 198
Comprehensive income 5,532 8,436 1,458 1,525
Less: Comprehensive income attributable to noncontrolling interest 40 74 190 210
Comprehensive income attributable to Twin Disc 5,492 8,362 1,268 1,315
Service Excluding Boat Management System Product Line [Member]        
Cost of goods sold 52,338 46,328 96,156 88,944
Boat Management System Product Line [Member]        
Cost of goods sold $ 0 $ 0 $ 3,099 $ 0