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Note P - Impact of Accounting Method Change - Adjustment to Financial Statements (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 29, 2023
Sep. 29, 2023
Dec. 30, 2022
Sep. 30, 2022
Dec. 29, 2023
Dec. 30, 2022
Jun. 30, 2023
Jul. 01, 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    
Other expense (income):                
Interest expense 392   594   786 1,160    
Other expense (income), net 449   182   310 (164)    
Interest Income (Expense), Nonoperating, Net 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 (loss) income 935 $ (1,083) 1,761 $ (1,324) (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    
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    
Net (loss) income $ 935 (1,083) $ 1,761 (1,324) $ (148) $ 436    
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively (108) (171) (1,122) (89) (279) (1,211)    
Translation adjustment during the quarter 5,190 (3,036) 8,392 (6,290) 2,154 2,102    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively (485) 216 (595) 793 (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    
Current assets:                
Cash 21,021   13,528   21,021 13,528 $ 13,263  
Trade accounts receivable, net 41,428   39,392   41,428 39,392 54,760  
Inventories 131,768   136,810   131,768 136,810 131,930  
Assets held for sale 2,968   2,968   2,968 2,968 2,968  
Prepaid expenses 10,157   10,871   10,157 10,871 8,459  
Other 9,235   7,228   9,235 7,228 8,326  
Total current assets 216,577   210,797   216,577 210,797 219,706  
Property, plant and equipment, net 40,334   39,683   40,334 39,683 38,650  
Right-of-use assets operating leases 12,017   12,807   12,017 12,807 13,133  
Intangible assets, net 11,146   11,798   11,146 11,798 12,637  
Deferred income taxes 2,371   2,403   2,371 2,403 2,244  
Other assets 2,745   2,766   2,745 2,766 2,811  
Total assets 285,190   280,254   285,190 280,254 289,181  
Current liabilities:                
Current maturities of long-term debt 2,000   2,000   2,000 2,000 2,010  
Accounts payable 32,611   28,906   32,611 28,906 36,499  
Accrued liabilities 62,929   55,939   62,929 55,939 61,586  
Total current liabilities 97,540   86,845   97,540 86,845 100,095  
Long-term debt 15,698   29,927   15,698 29,927 16,617  
Lease obligations 9,988   10,278   9,988 10,278 10,811  
Accrued retirement benefits 6,975   10,587   6,975 10,587 7,608  
Deferred income taxes 3,162   3,506   3,162 3,506 3,280  
Other long-term liabilities 5,917   5,346   5,917 5,346 5,253  
Total liabilities 139,280   146,489   139,280 146,489 143,664  
Twin Disc shareholders' equity:                
Preferred shares authorized: 200,000; issued: none; no par value 0   0   0 0 0  
Common shares authorized: 30,000,000; issued: 14,632,802; no par value 39,661   41,444   39,661 41,444 42,855  
Retained earnings 119,496   110,243   119,496 110,243 120,299  
Accumulated Other Comprehensive Income (Loss), Net of Tax (4,059)   (5,982)   (4,059) (5,982) (5,570)  
Equity before treasury stock 155,098   145,705   155,098 145,705 157,584  
Less treasury stock, at cost (639,006 and 814,734 shares, respectively) 9,802   12,562   9,802 12,562 12,491  
Total Twin Disc shareholders' equity 145,296   133,143   145,296 133,143 145,093  
Noncontrolling interest 614   622   614 622 424  
Total equity 145,910 140,175 133,765 124,768 145,910 133,765 145,517  
Total liabilities and equity 285,190   280,254   285,190 280,254 289,181  
CASH FLOWS FROM OPERATING ACTIVITIES:                
Net (loss) income 935 (1,083) 1,761 (1,324) (148) 436    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                
Depreciation and amortization         5,023 4,266    
Gain on sale of assets         (42) (4,203)    
Provision for deferred income taxes         280 (1,105)    
Stock compensation expense and other non-cash changes, net         1,413 1,565    
Net change in operating assets and liabilities         6,422 (927)    
Net cash provided by operating activities         16,047 32    
CASH FLOWS FROM INVESTING ACTIVITIES:                
Acquisition of property, plant, and equipment         (5,419) (4,734)    
Proceeds from sale of fixed assets         0 7,152    
Proceeds on note receivable           0    
Other, net         (252) 385    
Net cash (used) provided by investing activities         (5,671) 2,803    
CASH FLOWS FROM FINANCING ACTIVITIES:                
Borrowings under revolving loan arrangements         50,632 42,898    
Repayments of revolving loan arrangements         (50,632) (46,628)    
Repayments of other long-term debt         (1,010) (707)    
Payments of finance lease obligations (207)   (67)   (471) (132)    
Payments of withholding taxes on stock compensation         (1,772) (463)    
Net cash used by financing activities         (3,813) (5,032)    
Effect of exchange rate changes on cash         1,195 3,204    
Net change in cash         7,758 1,007    
Cash:                
Beginning of period   13,263   12,521 13,263 12,521    
End of period 21,021   13,528   21,021 13,528    
Balance 140,175 145,517 124,768 131,188 145,517 131,188    
Net income (loss) attributable to Twin Disc 930   1,746   (243) 324    
Balance 145,910 140,175 133,765 124,768 145,910 133,765    
Translation adjustment during the quarter 5,190 (3,036) 8,392 (6,290) 2,154 2,102    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively (485) 216 (595) 793 (269) 198    
Retained Earnings [Member]                
Other expense (income):                
Net (loss) income 930 (1,173) 1,746 (1,422)        
Net income (loss) attributable to Twin Disc           324    
Weighted average shares outstanding data:                
Net (loss) income 930 (1,173) 1,746 (1,422)        
Twin Disc shareholders' equity:                
Total equity 119,496 119,126 110,243 108,497 119,496 110,243 120,299  
CASH FLOWS FROM OPERATING ACTIVITIES:                
Net (loss) income 930 (1,173) 1,746 (1,422)        
Cash:                
Balance 119,126 120,299 108,497 109,919 120,299 109,919    
Net income (loss) attributable to Twin Disc           324    
Balance 119,496 119,126 110,243 108,497 119,496 110,243    
AOCI Attributable to Parent [Member]                
Weighted average shares outstanding data:                
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively (108) (171) (1,122) (89)        
Translation adjustment during the quarter 5,155 (3,096) 8,333 (6,328)   2,005    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively (485) 216 (595) 793   198    
Twin Disc shareholders' equity:                
Total equity (4,059) (8,621) (5,982) (12,598) (4,059) (5,982) $ (5,570)  
Cash:                
Balance (8,621) (5,570) (12,598) (6,974) (5,570) (6,974)    
Balance (4,059) (8,621) (5,982) (12,598) $ (4,059) (5,982)    
Translation adjustment during the quarter 5,155 (3,096) 8,333 (6,328)   2,005    
Benefit plan adjustments, net of tax           (1,211)    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively $ (485) $ 216 (595) 793   198    
Previously Reported [Member]                
Net sales     63,351     119,264    
Cost of goods sold     46,328     88,944    
Gross profit     17,023     30,320    
Marketing, engineering and administrative expenses     15,983     31,063    
Restructuring expenses     164     174    
Other operating income     (4,150)     (4,150)    
Income from operations     5,026     3,233    
Other expense (income):                
Interest expense     594     1,160    
Other expense (income), net     789     1,050    
Interest Income (Expense), Nonoperating, Net     1,383     2,210    
Income before income taxes and noncontrolling interest     3,643     1,023    
Income tax expense     2,489     1,801    
Net (loss) income     1,154     (778)    
Less: Net earnings attributable to noncontrolling interest, net of tax     (15)     (112)    
Net income (loss) attributable to Twin Disc     $ 1,139     $ (890)    
Income (loss) per share data:                
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)     $ 0.08     $ (0.07)    
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)     $ 0.08     $ (0.07)    
Weighted average shares outstanding data:                
Basic shares outstanding (in shares)     13,460     13,434    
Diluted shares outstanding (in shares)     13,699     13,434    
Net (loss) income     $ 1,154     $ (778)    
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively     (515)     3    
Translation adjustment during the quarter     8,392     2,005    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively     (595)     198    
Comprehensive income     8,436     1,428    
Less: Comprehensive income attributable to noncontrolling interest     74     210    
Comprehensive income attributable to Twin Disc     8,362     1,218    
Current assets:                
Cash     13,528     13,528    
Trade accounts receivable, net     39,392     39,392    
Inventories     136,810     136,810    
Assets held for sale     2,968     2,968    
Prepaid expenses     10,871     10,871    
Other     7,228     7,228    
Total current assets     210,797     210,797    
Property, plant and equipment, net     39,683     39,683    
Right-of-use assets operating leases     12,807     12,807    
Intangible assets, net     11,798     11,798    
Deferred income taxes     2,403     2,403    
Other assets     2,766     2,766    
Total assets     280,254     280,254    
Current liabilities:                
Current maturities of long-term debt     2,000     2,000    
Accounts payable     28,906     28,906    
Accrued liabilities     55,939     55,939    
Total current liabilities     86,845     86,845    
Long-term debt     29,927     29,927    
Lease obligations     10,278     10,278    
Accrued retirement benefits     10,587     10,587    
Deferred income taxes     3,506     3,506    
Other long-term liabilities     5,346     5,346    
Total liabilities     146,489     146,489    
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     41,444    
Retained earnings     134,141     134,141    
Accumulated Other Comprehensive Income (Loss), Net of Tax     (29,880)     (29,880)    
Equity before treasury stock     145,705     145,705    
Less treasury stock, at cost (639,006 and 814,734 shares, respectively)     12,562     12,562    
Total Twin Disc shareholders' equity     133,143     133,143    
Noncontrolling interest     622     622    
Total equity     133,765     133,765    
Total liabilities and equity     280,254     280,254    
CASH FLOWS FROM OPERATING ACTIVITIES:                
Net (loss) income     1,154     (778)    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                
Depreciation and amortization           4,266    
Gain on sale of assets           (4,203)    
Provision for deferred income taxes           (1,105)    
Stock compensation expense and other non-cash changes, net           1,565    
Net change in operating assets and liabilities           287    
Net cash provided by operating activities           32    
CASH FLOWS FROM INVESTING ACTIVITIES:                
Acquisition of property, plant, and equipment           (4,734)    
Proceeds from sale of fixed assets           7,152    
Proceeds on note receivable           0    
Other, net           385    
Net cash (used) provided by investing activities           2,803    
CASH FLOWS FROM FINANCING ACTIVITIES:                
Borrowings under revolving loan arrangements           42,898    
Repayments of revolving loan arrangements           (46,628)    
Repayments of other long-term debt           (839)    
Payments of finance lease obligations              
Payments of withholding taxes on stock compensation           (463)    
Net cash used by financing activities           (5,032)    
Effect of exchange rate changes on cash           3,204    
Net change in cash           1,007    
Cash:                
Beginning of period       12,521   12,521    
End of period     13,528     13,528    
Net income (loss) attributable to Twin Disc     1,139     (890)    
Balance     133,765     133,765    
Translation adjustment during the quarter     8,392     2,005    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively     (595)     198    
Previously Reported [Member] | Retained Earnings [Member]                
Other expense (income):                
Net income (loss) attributable to Twin Disc           (890)    
Twin Disc shareholders' equity:                
Total equity     134,141     134,141    
Cash:                
Balance       135,031   135,031    
Net income (loss) attributable to Twin Disc           (890)    
Balance     134,141     134,141    
Previously Reported [Member] | AOCI Attributable to Parent [Member]                
Weighted average shares outstanding data:                
Translation adjustment during the quarter           2,005    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively           198    
Twin Disc shareholders' equity:                
Total equity     (29,880)     (29,880)    
Cash:                
Balance       (32,086)   (32,086)    
Balance     (29,880)     (29,880)    
Translation adjustment during the quarter           2,005    
Benefit plan adjustments, net of tax           3    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively           198    
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]                
Net sales     0     0    
Cost of goods sold     0     0    
Gross profit     0     0    
Marketing, engineering and administrative expenses     0     0    
Restructuring expenses     0     0    
Other operating income     0     0    
Income from operations     0     0    
Other expense (income):                
Interest expense     0     0    
Other expense (income), net     (607)     (1,214)    
Interest Income (Expense), Nonoperating, Net     (607)     (1,214)    
Income before income taxes and noncontrolling interest     607     1,214    
Income tax expense     0     0    
Net (loss) income     607     1,214    
Less: Net earnings attributable to noncontrolling interest, net of tax     0     0    
Net income (loss) attributable to Twin Disc     $ 607     $ 1,214    
Income (loss) per share data:                
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)     $ 0.05     $ 0.09    
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)     $ 0.05     $ 0.09    
Weighted average shares outstanding data:                
Basic shares outstanding (in shares)     0     0    
Diluted shares outstanding (in shares)     0     0    
Net (loss) income     $ 607     $ 1,214    
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively     (607)     (1,214)    
Translation adjustment during the quarter     0     0    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively     0     0    
Comprehensive income     0     0    
Less: Comprehensive income attributable to noncontrolling interest     0     0    
Comprehensive income attributable to Twin Disc     0     0    
Current assets:                
Cash     0     0    
Trade accounts receivable, net     0     0    
Inventories     0     0    
Assets held for sale     0     0    
Prepaid expenses     0     0    
Other     0     0    
Total current assets     0     0    
Property, plant and equipment, net     0     0    
Right-of-use assets operating leases     0     0    
Intangible assets, net     0     0    
Deferred income taxes     0     0    
Other assets     0     0    
Total assets     0     0    
Current liabilities:                
Current maturities of long-term debt     0     0    
Accounts payable     0     0    
Accrued liabilities     0     0    
Total current liabilities     0     0    
Long-term debt     0     0    
Lease obligations     0     0    
Accrued retirement benefits     0     0    
Deferred income taxes     0     0    
Other long-term liabilities     0     0    
Total liabilities     0     0    
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     0     0    
Retained earnings     (23,898)     (23,898)   $ (25,100)
Accumulated Other Comprehensive Income (Loss), Net of Tax     23,898     23,898   $ 25,100
Equity before treasury stock     0     0    
Less treasury stock, at cost (639,006 and 814,734 shares, respectively)     0     0    
Total Twin Disc shareholders' equity     0     0    
Noncontrolling interest     0     0    
Total equity     0     0    
Total liabilities and equity     0     0    
CASH FLOWS FROM OPERATING ACTIVITIES:                
Net (loss) income     607     1,214    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:                
Depreciation and amortization           0    
Gain on sale of assets           0    
Provision for deferred income taxes           0    
Stock compensation expense and other non-cash changes, net           0    
Net change in operating assets and liabilities           (1,214)    
Net cash provided by operating activities           0    
CASH FLOWS FROM INVESTING ACTIVITIES:                
Acquisition of property, plant, and equipment           0    
Proceeds from sale of fixed assets           0    
Proceeds on note receivable           0    
Other, net           0    
Net cash (used) provided by investing activities           0    
CASH FLOWS FROM FINANCING ACTIVITIES:                
Borrowings under revolving loan arrangements           0    
Repayments of revolving loan arrangements           0    
Repayments of other long-term debt           132    
Payments of finance lease obligations           (132)    
Payments of withholding taxes on stock compensation           0    
Net cash used by financing activities           0    
Effect of exchange rate changes on cash           0    
Net change in cash           0    
Cash:                
Beginning of period       0   0    
End of period     0     0    
Net income (loss) attributable to Twin Disc     607     1,214    
Balance     0     0    
Translation adjustment during the quarter     0     0    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively     0     0    
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member] | Retained Earnings [Member]                
Other expense (income):                
Net income (loss) attributable to Twin Disc           1,214    
Twin Disc shareholders' equity:                
Total equity     (23,898)     (23,898)    
Cash:                
Balance       (25,112)   (25,112)    
Net income (loss) attributable to Twin Disc           1,214    
Balance     (23,898)     (23,898)    
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member] | AOCI Attributable to Parent [Member]                
Weighted average shares outstanding data:                
Translation adjustment during the quarter           0    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively           0    
Twin Disc shareholders' equity:                
Total equity     23,898     23,898    
Cash:                
Balance       $ 25,112   25,112    
Balance     23,898     23,898    
Translation adjustment during the quarter           0    
Benefit plan adjustments, net of tax           (1,214)    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively           0    
As Reported Under New Method [Member]                
Net sales     63,351     119,264    
Cost of goods sold     46,328     88,944    
Gross profit     17,023     30,320    
Marketing, engineering and administrative expenses     15,983     31,063    
Restructuring expenses     164     174    
Other operating income     (4,150)     (4,150)    
Income from operations     5,026     3,233    
Other expense (income):                
Interest expense     594     1,160    
Other expense (income), net     182     (164)    
Interest Income (Expense), Nonoperating, Net     776     996    
Income before income taxes and noncontrolling interest     4,250     2,237    
Income tax expense     2,489     1,801    
Net (loss) income     1,761     436    
Less: Net earnings attributable to noncontrolling interest, net of tax     (15)     (112)    
Net income (loss) attributable to Twin Disc     $ 1,746     $ 324    
Income (loss) per share data:                
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)     $ 0.13     $ 0.02    
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)     $ 0.13     $ 0.02    
Weighted average shares outstanding data:                
Basic shares outstanding (in shares)     13,460     13,434    
Diluted shares outstanding (in shares)     13,699     13,434    
Net (loss) income     $ 1,761     $ 436    
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively     (1,122)     (1,211)    
Translation adjustment during the quarter     8,392     2,005    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively     (595)     198    
Comprehensive income     8,436     1,428    
Less: Comprehensive income attributable to noncontrolling interest     74     210    
Comprehensive income attributable to Twin Disc     8,362     1,218    
CASH FLOWS FROM OPERATING ACTIVITIES:                
Net (loss) income     1,761     436    
Cash:                
Net income (loss) attributable to Twin Disc     1,746     324    
Translation adjustment during the quarter     8,392     2,005    
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively     $ (595)     $ 198