XML 80 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Note K - Shareholders' Equity (Tables) | 6 Months Ended
--- | ---
Dec. 27, 2019
Notes Tables |
Schedule of Stockholders Equity [Table Text Block] |
|  | Twin Disc, Inc. Shareholders’ Equity |
|  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Other |  |  |  |  |  |  | Non- |  |  |  |  |
|  | Common |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  | Controlling |  |  | Total |
|  | Stock |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Interest |  |  | Equity |
Balance, June 30, 2019 |  | $ | 45,047 |  |  | $ | 196,472 |  |  | $ | (37,971 | ) |  | $ | (21,332 | ) |  | $ | 602 |  |  | $ | 182,818 |
Net (loss) income |  |  |  |  |  |  | (6,311 | ) |  |  |  |  |  |  |  |  |  |  | 18 |  |  |  | (6,293 | )
Translation adjustments |  |  |  |  |  |  |  |  |  |  | (3,014 | ) |  |  |  |  |  |  | 18 |  |  |  | (2,996 | )
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 557 |  |  |  |  |  |  |  |  |  |  |  | 557 |
Unrealized loss on cash flow hedge, net of tax |  |  |  |  |  |  |  |  |  |  | (143 | ) |  |  |  |  |  |  |  |  |  |  | (143 | )
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (127 | ) |  |  | (127 | )
Compensation expense |  |  | 459 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 459 |
Shares (acquired) issued, net |  |  | (2,324 | ) |  |  |  |  |  |  |  |  |  |  | 1,412 |  |  |  |  |  |  |  | (912 | )
Balance, September 27, 2019 |  |  | 43,182 |  |  |  | 190,161 |  |  |  | (40,571 | ) |  |  | (19,920 | ) |  |  | 511 |  |  |  | 173,363 |
Net (loss) income |  |  |  |  |  |  | (6,516 | ) |  |  |  |  |  |  |  |  |  |  | 50 |  |  |  | (6,466 | )
Translation adjustments |  |  |  |  |  |  |  |  |  |  | 1,647 |  |  |  |  |  |  |  | - |  |  |  | 1,647 |
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 548 |  |  |  |  |  |  |  |  |  |  |  | 548 |
Unrealized income on cash flow hedge, net of tax |  |  |  |  |  |  |  |  |  |  | 146 |  |  |  |  |  |  |  |  |  |  |  | 146 |
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Compensation expense |  |  | 248 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 248 |
Shares (acquired) issued, net |  |  | (1,125 | ) |  |  |  |  |  |  |  |  |  |  | 1,124 |  |  |  |  |  |  |  | (1 | )
Balance, December 27, 2019 |  | $ | 42,305 |  |  | $ | 183,645 |  |  | $ | (38,230 | ) |  | $ | (18,796 | ) |  | $ | 561 |  |  | $ | 169,485 |
|  | Twin Disc, Inc. Shareholders’ Equity |
|  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Other |  |  |  |  |  |  | Non- |  |  |  |  |
|  | Common |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  | Controlling |  |  | Total |
|  | Stock |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Interest |  |  | Equity |
Balance, June 30, 2018 |  | $ | 11,570 |  |  | $ | 178,896 |  |  | $ | (23,792 | ) |  | $ | (23,677 | ) |  | $ | 619 |  |  | $ | 143,616 |
Net income |  |  |  |  |  |  | 2,862 |  |  |  |  |  |  |  |  |  |  |  | 41 |  |  |  | 2,903 |
Translation adjustments |  |  |  |  |  |  |  |  |  |  | (536 | ) |  |  |  |  |  |  | (25 | ) |  |  | (561 | )
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 471 |  |  |  |  |  |  |  |  |  |  |  | 471 |
Release stranded tax effects |  |  |  |  |  |  | 6,903 |  |  |  | (6,903 | ) |  |  |  |  |  |  |  |  |  |  | - |
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (115 | ) |  |  | (115 | )
Compensation expense |  |  | 850 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 850 |
Common stock issued, net |  |  | 32,210 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 32,210 |
Shares acquired, net |  |  | (586 | ) |  |  |  |  |  |  |  |  |  |  | (328 | ) |  |  |  |  |  |  | (914 | )
Balance, September 28, 2018 |  |  | 44,044 |  |  |  | 188,661 |  |  |  | (30,760 | ) |  |  | (24,005 | ) |  |  | 520 |  |  |  | 178,460 |
Net income |  |  |  |  |  |  | 4,073 |  |  |  |  |  |  |  |  |  |  |  | 6 |  |  |  | 4,079 |
Translation adjustments |  |  |  |  |  |  |  |  |  |  | (1,773 | ) |  |  |  |  |  |  | (13 | ) |  |  | (1,786 | )
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 478 |  |  |  |  |  |  |  |  |  |  |  | 478 |
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Compensation expense |  |  | 590 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 590 |
Shares (acquired) issued, net |  |  | (497 | ) |  |  |  |  |  |  |  |  |  |  | 520 |  |  |  |  |  |  |  | 23 |
Balance, December 28, 2018 |  | $ | 44,137 |  |  | $ | 192,734 |  |  | $ | (32,055 | ) |  | $ | (23,485 | ) |  | $ | 513 |  |  | $ | 181,844 |
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block] |
|  | Translation |  |  | Benefit Plan |  |  | Cash Flow |
|  | Adjustment |  |  | Adjustment |  |  | Hedges |
Balance at June 30, 2019 |  | $ | 4,439 |  |  | $ | (41,901 | ) |  | $ | (509 | )
Translation adjustment during the quarter |  |  | (3,014 | ) |  |  | - |  |  |  | - |
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 557 |  |  |  | (143 | )
Net current period other comprehensive (loss) income |  |  | (3,014 | ) |  |  | 557 |  |  |  | (143 | )
Balance at September 27, 2019 |  |  | 1,425 |  |  |  | (41,344 | ) |  |  | (652 | )
Translation adjustment during the quarter |  |  | 1,647 |  |  |  | - |  |  |  | - |
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 548 |  |  |  | 146 |
Net current period other comprehensive income |  |  | 1,647 |  |  |  | 548 |  |  |  | 146 |
Balance at December 27, 2019 |  | $ | 3,072 |  |  | $ | (40,796 | ) |  | $ | (506 | )
|  | Translation |  |  | Benefit Plan |
|  | Adjustment |  |  | Adjustment |
Balance at June 30, 2018 |  | $ | 7,085 |  |  | $ | (30,877 | )
Translation adjustment during the quarter |  |  | (536 | ) |  |  | - |
Release stranded tax effects |  |  | - |  |  |  | (6,903 | )
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 471 |
Net current period other comprehensive loss |  |  | (536 | ) |  |  | (6,432 | )
Balance at September 28, 2018 |  |  | 6,549 |  |  |  | (37,309 | )
Translation adjustment during the quarter |  |  | (1,773 | ) |  |  | - |
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 478 |
Net current period other comprehensive (loss) income |  |  | (1,773 | ) |  |  | 478 |
Balance at December 28, 2018 |  | $ | 4,776 |  |  | $ | (36,831 | )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
|  | Amount Reclassified |  |  | Amount Reclassified |
|  | Quarter Ended |  |  | Two Quarters Ended |
|  | December 27, 2019 |  |  | December 27, 2019 |
Changes in benefit plan items |  |  |  |  |  |  |  |
Actuarial losses |  | $ | 781 | (a) |  | $ | 1,571 | (a)
Transition asset and prior service benefit |  |  | (64 | ) (a) |  |  | (128 | ) (a)
Total amortization |  |  | 717 |  |  |  | 1,443 |
Income taxes |  |  | 169 |  |  |  | 338 |
Total reclassification net of tax |  | $ | 548 |  |  | $ | 1,105 |
|  | Amount Reclassified |  |  | Amount Reclassified |
|  | Quarter Ended |  |  | Two Quarters Ended |
|  | December 28, 2018 |  |  | December 28, 2018 |
Changes in benefit plan items |  |  |  |  |  |  |  |
Actuarial losses |  | $ | 614 | (a) |  | $ | 1,222 | (a)
Transition asset and prior service benefit |  |  | 10 | (a) |  |  | 19 | (a)
Total amortization |  |  | 624 |  |  |  | 1,241 |
Income taxes |  |  | 146 |  |  |  | 292 |
Total reclassification net of tax |  | $ | 478 |  |  | $ | 949 |

X
- Definition Tabular disclosure of reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component. + References No definition available. + Details
Name: | twin_ReconciliationForTheChangesInAccumulatedOtherComprehensiveIncomeLossNetOfTaxByComponentTabletextblock
Namespace Prefix: | twin_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration