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Note K - Shareholders' Equity (Tables) | 3 Months Ended
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Sep. 30, 2022
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 |  |  | Stock |  |  | Interest |  |  | Equity |
Balance, June 30, 2022 |  | $ | 42,551 |  |  | $ | 135,031 |  |  | $ | (32,086 | ) |  | $ | (14,720 | ) |  | $ | 412 |  |  | $ | 131,188 |
Net (loss) income |  |  |  |  |  |  | (2,029 | ) |  |  |  |  |  |  |  |  |  |  | 98 |  |  | $ | (1,931 | )
Translation adjustments |  |  |  |  |  |  |  |  |  |  | (6,328 | ) |  |  |  |  |  |  | 38 |  |  | $ | (6,290 | )
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 518 |  |  |  |  |  |  |  |  |  |  | $ | 518 |
Unrealized gain on cash flow hedge, net of tax |  |  |  |  |  |  |  |  |  |  | 793 |  |  |  |  |  |  |  |  |  |  | $ | 793 |
Compensation expense |  |  | 658 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 658 |
Shares (acquired) issued, net |  |  | (1,924 | ) |  |  |  |  |  |  |  |  |  |  | 1,756 |  |  |  |  |  |  | $ | (168 | )
Balance, September 30, 2022 |  | $ | 41,285 |  |  | $ | 133,002 |  |  | $ | (37,103 | ) |  | $ | (12,964 | ) |  | $ | 548 |  |  | $ | 124,768 |
|  | Twin Disc, Inc. Shareholders’ Equity |
|  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Other |  |  |  |  |  |  | Non- |  |  |  |  |
|  | Common |  |  | Retained |  |  | Comprehensive |  |  | Treasury |  |  | Controlling |  |  | Total |
|  | Stock |  |  | Earnings |  |  | Income (Loss) |  |  | Stock |  |  | Interest |  |  | Equity |
Balance, June 30, 2021 |  | $ | 40,972 |  |  | $ | 126,936 |  |  | $ | (22,615 | ) |  | $ | (15,083 | ) |  | $ | 450 |  |  | $ | 130,660 |
Net income |  |  |  |  |  |  | 1,920 |  |  |  |  |  |  |  |  |  |  |  | 60 |  |  |  | 1,980 |
Translation adjustments |  |  |  |  |  |  |  |  |  |  | (2,014 | ) |  |  |  |  |  |  | 76 |  |  |  | (1,938 | )
Benefit plan adjustments, net of tax |  |  |  |  |  |  |  |  |  |  | 384 |  |  |  |  |  |  |  |  |  |  |  | 384 |
Unrealized gain on cash flow hedge, net of tax |  |  |  |  |  |  |  |  |  |  | 204 |  |  |  |  |  |  |  |  |  |  |  | 204 |
Compensation expense |  |  | 625 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 625 |
Shares (acquired) issued, net |  |  | (432 | ) |  |  |  |  |  |  |  |  |  |  | 141 |  |  |  |  |  |  |  | (291 | )
Balance, September 24, 2021 |  | $ | 41,165 |  |  | $ | 128,856 |  |  | $ | (24,041 | ) |  | $ | (14,942 | ) |  | $ | 586 |  |  | $ | 131,624 |
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block] |
|  | Translation |  |  | Benefit Plan |  |  | Cash Flow |  |  | Net Investment |
|  | Adjustment |  |  | Adjustment |  |  | Hedges |  |  | Hedges |
Balance at June 30, 2022 |  | $ | (2,266 | ) |  | $ | (31,726 | ) |  | $ | 356 |  |  | $ | 1,550 |
Translation adjustment during the quarter |  |  | (6,328 | ) |  |  | - |  |  |  | - |  |  |  | - |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | - |  |  |  | 518 |  |  |  | 657 |  |  |  | 136 |
Net current period other comprehensive (loss) income |  |  | (6,328 | ) |  |  | 518 |  |  |  | 657 |  |  |  | 136 |
Balance at September 30, 2022 |  | $ | (8,594 | ) |  | $ | (31,208 | ) |  | $ | 1,013 |  |  | $ | 1,686 |
|  | Translation |  |  | Benefit Plan |  |  | Cash Flow |  |  | Net Investment |
|  | Adjustment |  |  | Adjustment |  |  | Hedges |  |  | Hedges |
Balance at June 30, 2021 |  | $ | 9,192 |  |  | $ | (31,463 | ) |  | $ | (678 | ) |  | $ | 334 |
Translation adjustment during the quarter |  |  | (2,014 | ) |  |  | - |  |  |  | - |  |  |  | - |
Amounts reclassified from accumulated other comprehensive income |  |  | - |  |  |  | 384 |  |  |  | 68 |  |  |  | 136 |
Net current period other comprehensive (loss) income |  |  | (2,014 | ) |  |  | 384 |  |  |  | 68 |  |  |  | 136 |
Balance at September 24, 2021 |  | $ | 7,178 |  |  | $ | (31,079 | ) |  | $ | (610 | ) |  | $ | 470 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
|  | Amount Reclassified |  |
|  | Quarter Ended |  |
|  | September 30, 2022 |  |
Changes in benefit plan items |  |  |  |  |
Actuarial losses |  | $ | 570 |  | (a)
Transition asset and prior service benefit |  |  | (51 | ) | (a)
Total amortization |  |  | 519 |  |
Income tax expense |  |  | 1 |  |
Total reclassification net of tax |  | $ | 518 |  |
|  | Amount Reclassified |  |
|  | Quarter Ended |  |
|  | September 24, 2021 |  |
Changes in benefit plan items |  |  |  |  |
Actuarial losses |  | $ | 565 |  | (a)
Transition asset and prior service benefit |  |  | (64 | ) | (a)
Total amortization |  |  | 501 |  |
Income tax expense |  |  | 117 |  |
Total reclassification net of tax |  | $ | 384 |  |

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