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Business Segments | 9 Months Ended
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Mar. 28, 2014
Business Segments [Abstract] |
Business Segments | E. Business Segments The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy duty off-highway power transmission equipment. Principal products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company has two reportable segments: manufacturing and distribution. These segments are managed separately because each provides different services and requires different technology and marketing strategies. The accounting practices of the segments are the same as those described in the summary of significant accounting policies included in the Company's Annual Report on Form 10-K. Transfers among segments are at established inter-company selling prices. Management evaluates the performance of its segments based on net earnings. Information about the Company's segments is summarized as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | Mar. 28, |  |  | Mar. 29, |  |  | Mar. 28, |  |  | Mar. 29, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Manufacturing segment sales |  | $ | 52,957 |  |  | $ | 56,678 |  |  | $ | 163,224 |  |  | $ | 181,874 |
Distribution segment sales |  |  | 28,441 |  |  |  | 31,237 |  |  |  | 90,018 |  |  |  | 95,982 |
Inter/Intra segment elimination - manufacturing |  |  | (18,233 | ) |  |  | (15,124 | ) |  |  | (54,452 | ) |  |  | (54,203 | )
Inter/Intra segment elimination - distribution |  |  | (2,460 | ) |  |  | (4,559 | ) |  |  | (8,447 | ) |  |  | (14,302 | )
Net sales |  | $ | 60,705 |  |  | $ | 68,232 |  |  | $ | 190,343 |  |  | $ | 209,351 |
Manufacturing segment net earnings |  | $ | (9 | ) |  | $ | (75 | ) |  | $ | 3,662 |  |  | $ | 7,814 |
Distribution segment net earnings |  |  | 1,516 |  |  |  | 2,105 |  |  |  | 4,818 |  |  |  | 4,808 |
Corporate and eliminations |  |  | (1,982 | ) |  |  | (2,787 | ) |  |  | (7,160 | ) |  |  | (8,787 | )
Net (loss) earnings attributable to Twin Disc |  | $ | (475 | ) |  | $ | (757 | ) |  | $ | 1,320 |  |  | $ | 3,835 |
|  | Mar. 28, |  |  | June 30, |  |  |  |  |  |  |  |  |
Assets |  |  | 2014 |  |  |  | 2013 |  |  |  |  |  |  |  |  |
Manufacturing segment assets |  | $ | 264,308 |  |  | $ | 258,617 |  |  |  |  |  |  |  |  |
Distribution segment assets |  |  | 56,340 |  |  |  | 56,965 |  |  |  |  |  |  |  |  |
Corporate assets and elimination |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
of intercompany assets |  |  | (44,802 | ) |  |  | (30,124 | ) |  |  |  |  |  |  |  |
Total assets |  | $ | 275,846 |  |  | $ | 285,458 |  |  |  |  |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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