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

)