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Shareholders' Equity | 9 Months Ended
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Mar. 28, 2014
Shareholders' Equity [Abstract] |
Shareholders' Equity |
K. | Shareholders' Equity
On February 1, 2008, the Board of Directors authorized the purchase of 500,000 shares of Common Stock at market values. On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values. These authorizations have no expiration. The Company made open market purchases of 125,000 shares of its outstanding Common Stock during fiscal 2012 and 185,000 shares during fiscal 2013.
The following is a reconciliation of the Company's equity balances for the first fiscal nine months of 2013 and 2014 (in thousands): |
|  | Twin Disc, Inc. Shareholders' Equity |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Other |  |  |  |  |  | Non- |  |  |  |
|  | Common |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  | Controlling |  |  | Total |
|  | Stock |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Interest |  |  | Equity |
Balance –June 30, 2012 |  | $ | 12,759 |  |  | $ | 184,306 |  |  | $ | (34,797 | ) |  | $ | (26,781 | ) |  | $ | 1,022 |  |  | $ | 136,509 |
Net income |  |  |  |  |  |  | 3,835 |  |  |  |  |  |  |  |  |  |  |  | 243 |  |  |  | 4,078 |
Translation adjustments |  |  |  |  |  |  |  |  |  |  | 2,557 |  |  |  |  |  |  |  | (37 | ) |  |  | 2,520 |
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 1,996 |  |  |  |  |  |  |  |  |  |  |  | 1,996 |
Cash dividends |  |  |  |  |  |  | (3,067 | ) |  |  |  |  |  |  |  |  |  |  | (205 | ) |  |  | (3,272 | )
Compensation expense and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
windfall tax benefits |  |  | 2,579 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,579 |
Shares (acquired) issued, net |  |  | (2,937 | ) |  |  |  |  |  |  |  |  |  |  | (1,642 | ) |  |  |  |  |  |  | (4,579 | )
Balance-March 29, 2013 |  | $ | 12,401 |  |  | $ | 185,074 |  |  | $ | (30,244 | ) |  | $ | (28,423 | ) |  | $ | 1,023 |  |  | $ | 139,831 |
|  | Twin Disc, Inc. Shareholders' Equity |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Other |  |  |  |  |  |  | Non- |  |  |  |  |
|  | Common |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  | Controlling |  |  | Total |
|  | Stock |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Interest |  |  | Equity |
Balance-June 30, 2013 |  | $ | 13,183 |  |  | $ | 184,110 |  |  | $ | (25,899 | ) |  | $ | (28,890 | ) |  | $ | 1,058 |  |  | $ | 143,562 |
Net income |  |  |  |  |  |  | 1,320 |  |  |  |  |  |  |  |  |  |  |  | 168 |  |  |  | 1,488 |
Translation adjustments |  |  |  |  |  |  |  |  |  |  | 4,137 |  |  |  |  |  |  |  | (84 | ) |  |  | 4,053 |
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 1,506 |  |  |  |  |  |  |  |  |  |  |  | 1,506 |
Cash dividends |  |  |  |  |  |  | (3,045 | ) |  |  |  |  |  |  |  |  |  |  | (487 | ) |  |  | (3,532 | )
Compensation expense and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
windfall tax benefits |  |  | 1,457 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,457 |
Shares (acquired) issued, net |  |  | (2,964 | ) |  |  |  |  |  |  |  |  |  |  | 795 |  |  |  |  |  |  |  | (2,169 | )
Balance-March 28, 2014 |  | $ | 11,676 |  |  | $ | 182,385 |  |  | $ | (20,256 | ) |  | $ | (28,095 | ) |  | $ | 655 |  |  | $ | 146,365 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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