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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Net Sales $ 218,581 $ 246,838
Cost of goods sold 167,724 191,130
Gross profit 50,857 55,708
Marketing, engineering and administrative expenses 55,750 63,218
Restructuring expenses 7,377 5,138
Goodwill and other asset impairment charge 0 27,603
Loss from operations (12,270) (40,251)
Other income (expense):    
Interest expense (2,358) (1,860)
Income from extinguishment of loan 8,200 0
Other (expense) income, net (3,411) (1,629)
Non-operating income (expense) 2,431 (3,489)
Loss before income taxes and noncontrolling interest (9,839) (43,740)
Income tax expense (benefit) 19,680 (4,169)
Net loss (29,519) (39,571)
Less: Net earnings attributable to noncontrolling interest, net of tax (200) (246)
Net loss attributable to Twin Disc $ (29,719) $ (39,817)
Loss per share data:    
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share) $ (2.24) $ (3.03)
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share) $ (2.24) $ (3.03)
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 13,247 13,153
Dilutive stock awards (in shares) 0 0
Diluted shares outstanding (in shares) 13,247 13,153
Comprehensive loss    
Net loss $ (29,519) $ (39,571)
Foreign currency translation adjustment 5,639 (966)
Benefit plan adjustments, net of income taxes of $3,791 and ($530), respectively 12,113 (1,675)
Unrealized gain (loss) on hedges, net of income taxes of $235 and ($185), respectively 760 (595)
Comprehensive loss (11,007) (42,807)
Less: Comprehensive income attributable to noncontrolling interest (101) (266)
Comprehensive loss attributable to Twin Disc $ (11,108) $ (43,073)