Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jun. 30, 2025

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

TWIN DISC, INCORPORATED AND SUBSIDIARIES

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

For the years ended June 30, 2025 and 2024 (in thousands)

Description	Balance at Beginning of Period		Charged to Costs and Expenses			Adjustments(1)			Balance at End of Period
2025:
Allowance for credit losses on accounts receivable	$	1,383	$	(57	)	$	222		$	1,548
Reserve for inventory obsolescence	$	12,693	$	3,773		$	(450	)	$	16,016
Deferred tax valuation allowance	$	24,035	$	-		$	(71	)	$	23,964
2024:
Allowance for credit losses on accounts receivable	$	1,221	$	240		$	(78	)	$	1,383
Reserve for inventory obsolescence	$	12,858	$	2,331		$	(2,496	)	$	12,693
Deferred tax valuation allowance	$	22,345	$	-		$	1,690		$	24,035

(1) Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments).