Note M - Earnings Per Share

3 Months Ended

Sep. 26, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

M. Earnings Per Share

The Company calculates basic earnings per share (“EPS”) based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted EPS includes the dilutive effect of potential common shares outstanding during the period.  The calculation of diluted EPS excludes all potential common shares if their inclusion would have an anti-dilutive effect.  Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company and are therefore included in computing EPS pursuant to the two-class method. 

The components of basic and diluted EPS were as follows:

	September 26, 2025			September 27, 2024
Basic:
Net income (loss)	$	(412	)	$	(2,772	)
Less: Net income (loss) attributable to noncontrolling interest, net of tax		106			(7	)
Net income (loss) attributable to Twin Disc, Incorporated		(518	)		(2,765	)
Weighted average shares outstanding - basic		13,961			13,778
Basic earnings (loss) per share:
Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders	$	(0.04	)	$	(0.20	)
Diluted:
Net income (loss)	$	(412	)	$	(2,772	)
Less: Net income (loss) attributable to noncontrolling interest, net of tax		106			(7	)
Net income (loss) attributable to Twin Disc, Incorporated		(518	)		(2,765	)
Weighted average shares outstanding - basic		13,961			13,778
Effect of dilutive stock awards		-			-
Weighted average shares outstanding - diluted		13,961			13,778
Diluted earnings (loss) per share:
Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders	$	(0.04	)	$	(0.20	)

The following potential common shares were excluded from diluted EPS for the quarter ended September 26, 2025 as the Company reported a net loss: 229.9 related to the Company’s unvested PSAs, 8.0 related to the Company’s unvested PSUA awards, 233.2 related to the Company’s unvested RS awards, and 79.2 related to the Company’s unvested RSUs.

The following potential common shares were excluded from diluted EPS for the quarter ended September 27, 2024 as the Company reported a net loss: 84.5 related to the Company’s unvested PSAs, 0.0 related to the Company’s unvested PSUA awards, 157.2 related to the Company’s unvested RS awards, and 103.2 related to the Company’s unvested RSUs.