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Note J - Business Segments and Foreign Operations (Tables) | 12 Months Ended
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Jun. 30, 2021
Notes Tables |
Revenue from External Customers by Products and Services [Table Text Block] |
|  | 2021 |  |  | 2020 |
Industrial |  | $ | 23,454 |  |  | $ | 26,343 |
Land-based transmissions |  |  | 58,421 |  |  |  | 62,697 |
Marine and propulsion systems |  |  | 127,243 |  |  |  | 152,501 |
Other |  |  | 9,463 |  |  |  | 5,297 |
Total |  | $ | 218,581 |  |  | $ | 246,838 |
|  |  |  |  |  |  |  |  |  | Elimination of |  |  |  |  |
|  | Manufacturing |  |  | Distribution |  |  | Intercompany Sales |  |  | Total |
Industrial |  | $ | 22,621 |  |  | $ | 5,494 |  |  | $ | (4,661 | ) |  | $ | 23,454 |
Land-based transmissions |  |  | 52,441 |  |  |  | 26,003 |  |  |  | (20,023 | ) |  |  | 58,421 |
Marine and propulsion systems |  |  | 116,371 |  |  |  | 59,276 |  |  |  | (48,404 | ) |  |  | 127,243 |
Other |  |  | 77 |  |  |  | 9,448 |  |  |  | (62 | ) |  |  | 9,463 |
Total |  | $ | 191,510 |  |  | $ | 100,221 |  |  | $ | (73,150 | ) |  | $ | 218,581 |
|  |  |  |  |  |  |  |  |  | Elimination of |  |  |  |  |
|  | Manufacturing |  |  | Distribution |  |  | Intercompany Sales |  |  | Total |
Industrial |  | $ | 24,143 |  |  | $ | 5,634 |  |  | $ | (3,434 | ) |  | $ | 26,343 |
Land-based transmissions |  |  | 63,523 |  |  |  | 25,699 |  |  |  | (26,525 | ) |  |  | 62,697 |
Marine and propulsion systems |  |  | 139,833 |  |  |  | 59,212 |  |  |  | (46,544 | ) |  |  | 152,501 |
Other |  |  | 66 |  |  |  | 5,279 |  |  |  | (48 | ) |  |  | 5,297 |
Total |  | $ | 227,565 |  |  | $ | 95,824 |  |  | $ | (76,551 | ) |  | $ | 246,838 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
2021 |  | Manufacturing |  |  | Distribution |  |  | Total |
Net Sales |  | $ | 191,510 |  |  | $ | 100,221 |  |  | $ | 291,731 |
Intra-segment sales |  |  | 9,436 |  |  |  | 14,746 |  |  |  | 24,182 |
Inter-segment sales |  |  | 44,575 |  |  |  | 4,393 |  |  |  | 48,968 |
Interest income |  |  | 172 |  |  |  | 17 |  |  |  | 189 |
Interest expense |  |  | 2,449 |  |  |  | 1 |  |  |  | 2,450 |
Income taxes |  |  | (980 | ) |  |  | 189 |  |  |  | (791 | )
Depreciation and amortization |  |  | 10,455 |  |  |  | 412 |  |  |  | 10,867 |
Net income attributable to Twin Disc |  |  | 11,016 |  |  |  | 105 |  |  |  | 11,121 |
Assets |  |  | 364,379 |  |  |  | 46,956 |  |  |  | 411,335 |
Expenditures for segment assets |  |  | 3,500 |  |  |  | 188 |  |  |  | 3,688 |
2020 |  | Manufacturing |  |  | Distribution |  |  | Total |
Net Sales |  | $ | 227,565 |  |  | $ | 95,824 |  |  | $ | 323,389 |
Intra-segment sales |  |  | 14,230 |  |  |  | 12,889 |  |  |  | 27,119 |
Inter-segment sales |  |  | 43,854 |  |  |  | 5,578 |  |  |  | 49,432 |
Interest income |  |  | 346 |  |  |  | 22 |  |  |  | 368 |
Interest expense |  |  | 2,128 |  |  |  | - |  |  |  | 2,128 |
Income taxes |  |  | (2,027 | ) |  |  | 268 |  |  |  | (1,759 | )
Depreciation and amortization |  |  | 11,151 |  |  |  | 379 |  |  |  | 11,530 |
Net (loss) income attributable to Twin Disc |  |  | (31,603 | ) |  |  | 553 |  |  |  | (31,050 | )
Assets |  |  | 365,417 |  |  |  | 43,118 |  |  |  | 408,535 |
Expenditures for segment assets |  |  | 9,615 |  |  |  | 734 |  |  |  | 10,349 |
Reconciliation of Revenue and Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
|  | 2021 |  |  | 2020 |
Net sales: |  |  |  |  |  |  |  |
Total net sales from reportable segments |  | $ | 291,731 |  |  | $ | 323,389 |
Elimination of inter-company sales |  |  | (73,150 | ) |  |  | (76,551 | )
Total consolidated net sales |  | $ | 218,581 |  |  | $ | 246,838 |
Net income (loss) attributable to Twin Disc: |  |  |  |  |  |  |  |
Total net income (loss) from reportable segments |  | $ | 11,121 |  |  | $ | (31,050 | )
Other adjustments and corporate expenses |  |  | (40,840 | ) |  |  | (8,767 | )
Total consolidated net loss attributable to Twin Disc |  | $ | (29,719 | ) |  | $ | (39,817 | )
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] |
| Segment |  |  |  |  | Consolidated |
| Totals |  | Adjustments |  | Totals |
2021 |  |  |  |  |  |  |  |  |
Interest income | $ | 189 |  | $ | (170 | ) | $ | 19 |
Interest expense |  | 2,450 |  |  | (92 | ) |  | 2,358 |
Income taxes |  | (791 | ) |  | 20,471 |  |  | 19,680 |
Depreciation and amortization |  | 10,867 |  |  | 376 |  |  | 11,243 |
Assets |  | 411,335 |  |  | (135,922 | ) |  | 275,413 |
Expenditures for segment assets |  | 3,688 |  |  | 776 |  |  | 4,464 |
2020 |  |  |  |  |  |  |  |  |
Interest income | $ | 368 |  | $ | (290 | ) | $ | 78 |
Interest expense |  | 2,128 |  |  | (268 | ) |  | 1,860 |
Income taxes |  | (1,759 | ) |  | (2,410 | ) |  | (4,169 | )
Depreciation and amortization |  | 11,530 |  |  | 395 |  |  | 11,925 |
Assets |  | 408,535 |  |  | (114,408 | ) |  | 294,127 |
Expenditures for segment assets |  | 10,349 |  |  | 350 |  |  | 10,699 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
|  | 2021 |  |  | 2020 |
Net sales |  |  |  |  |  |  |  |
United States |  | $ | 64,344 |  |  | $ | 83,771 |
Netherlands |  |  | 33,026 |  |  |  | 39,501 |
China |  |  | 25,790 |  |  |  | 26,354 |
Australia |  |  | 17,963 |  |  |  | 12,438 |
Italy |  |  | 16,041 |  |  |  | 11,802 |
Austria |  |  | 7,798 |  |  |  | 12,552 |
Other countries |  |  | 53,619 |  |  |  | 60,420 |
Total |  | $ | 218,581 |  |  | $ | 246,838 |
Long-lived assets |  | 2021 |  |  | 2020 |
United States |  | $ | 34,629 |  |  | $ | 41,996 |
Netherlands |  |  | 12,447 |  |  |  | 12,659 |
Belgium |  |  | 8,575 |  |  |  | 8,363 |
Italy |  |  | 1,525 |  |  |  | 1,697 |
Switzerland |  |  | 503 |  |  |  | 6,804 |
Other countries |  |  | 5,776 |  |  |  | 5,205 |
Total |  | $ | 63,455 |  |  | $ | 76,724 |

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