XML 42 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Schedule II - Valuation and Qualifying Accounts | 12 Months Ended
--- | ---
Jun. 30, 2021
Notes to Financial Statements |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | TWIN DISC, INCORPORATED AND SUBSIDIARIES SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS For the years ended June 30, 2021 and 2020 (in thousands)
|  | Balance at |  |  | Charged to |  |  |  |  |  |  | Balance at |
|  | Beginning |  |  | Costs and |  |  |  |  |  |  | End of |
Description |  | of Period |  |  | Expenses |  |  | Adjustments(1) |  |  | Period |
2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for losses on accounts receivable |  | $ | 1,740 |  |  | $ | 346 |  |  | $ | 216 |  |  | $ | 1,870 |
Reserve for inventory obsolescence |  | $ | 9,863 |  |  | $ | 1,178 |  |  | $ | 762 |  |  | $ | 10,279 |
Deferred tax valuation allowance |  | $ | - |  |  | $ | 24,420 |  |  | $ | - |  |  | $ | 24,420 |
2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for losses on accounts receivable |  | $ | 1,582 |  |  | $ | 399 |  |  | $ | 241 |  |  | $ | 1,740 |
Reserve for inventory obsolescence |  | $ | 10,463 |  |  | $ | 1,532 |  |  | $ | 2,132 |  |  | $ | 9,863 |
(1) Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments).

X
- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
Name: | srt_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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