Note K - Shareholders' Equity (Tables)

9 Months Ended

Mar. 29, 2024

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
Net income					3,822									78			3,900
Dividends paid to shareholders					(559	)											(559	)
Translation adjustments								(3,040	)					(44	)		(3,084	)
Benefit plan adjustments, net of tax								(191	)								(191	)
Unrealized gain on cash flow hedge, net of tax								196									196
Compensation expense		791															791
Shares (acquired) issued, net		(24	)								5						(19	)
Balance, March 29, 2024	$	40,428		$	122,759		$	(7,094	)	$	(9,797	)	$	648		$	146,944

	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
Net income					3,281									76			3,357
Translation adjustments								1,023						(9	)		1,014
Benefit plan adjustments, net of tax								(29	)								(29	)
Unrealized loss on cash flow hedge, net of tax								(224	)								(224	)
Compensation expense		736															736
Shares (acquired) issued, net		(35	)								35						-
Balance, March 31, 2023	$	42,145		$	113,524		$	(5,212	)	$	(12,527	)	$	689		$	138,619

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 adjustment during the quarter		(3,040	)		-			-			-
Amounts reclassified from accumulated other comprehensive loss		-			(191	)		40			156
Net current period other comprehensive (loss) income		(3,040	)		(191	)		40			156
Balance at March 29, 2024	$	(2,563	)	$	(6,418	)	$	539		$	1,348

	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
Translation adjustment during the quarter		1,023			-			-			-
Amounts reclassified from accumulated other comprehensive loss		-			(29	)		(133	)		(91	)
Net current period other comprehensive income (loss)		1,023			(29	)		(133	)		(91	)
Balance at March 31, 2023	$	762		$	(7,854	)	$	870		$	1,010

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

	Amount Reclassified				Amount Reclassified
	Quarter Ended				Three Quarters Ended
	March 29, 2024				March 29, 2024
Changes in benefit plan items
Actuarial losses	$	(198	)	(a)	$	(461	)	(a)
Transition asset and prior service benefit		(3	)	(a)		(11	)	(a)
Total amortization		(201	)			(472	)
Income tax expense		10				2
Total reclassification net of tax	$	(191	)		$	(470	)

	Amount Reclassified				Amount Reclassified
	Quarter Ended				Three Quarters Ended
	March 31, 2023				March 31, 2023
Changes in benefit plan items
Actuarial gains	$	630		(a)	$	1,853		(a)
Transition asset and prior service benefit		(51	)	(a)		(152	)	(a)
Mark-to-market adjustment		(607	)			(1,821	)
Plan merger remeasurement adjustment		-				(1,115	)
Total amortization		(28	)			(1,235	)
Income taxes		(1	)			(5	)
Total reclassification net of tax	$	(29	)		$	(1,240	)