XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

Note M - Earnings Per Share | 3 Months Ended
--- | ---
Sep. 26, 2025
Notes to Financial Statements |
Earnings Per Share [Text Block] |
M. | Earnings Per Share
The Company calculates basic earnings per share (“EPS”) based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted EPS includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted EPS excludes all potential common shares if their inclusion would have an anti-dilutive effect. Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company and are therefore included in computing EPS pursuant to the two-class method. The components of basic and diluted EPS were as follows:
|  | September 26, 2025 |  |  | September 27, 2024 |
Basic: |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (412 | ) |  | $ | (2,772 | )
Less: Net income (loss) attributable to noncontrolling interest, net of tax |  |  | 106 |  |  |  | (7 | )
Net income (loss) attributable to Twin Disc, Incorporated |  |  | (518 | ) |  |  | (2,765 | )
Weighted average shares outstanding - basic |  |  | 13,961 |  |  |  | 13,778 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |
Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders |  | $ | (0.04 | ) |  | $ | (0.20 | )
Diluted: |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (412 | ) |  | $ | (2,772 | )
Less: Net income (loss) attributable to noncontrolling interest, net of tax |  |  | 106 |  |  |  | (7 | )
Net income (loss) attributable to Twin Disc, Incorporated |  |  | (518 | ) |  |  | (2,765 | )
Weighted average shares outstanding - basic |  |  | 13,961 |  |  |  | 13,778 |
Effect of dilutive stock awards |  |  | - |  |  |  | - |
Weighted average shares outstanding - diluted |  |  | 13,961 |  |  |  | 13,778 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |
Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders |  | $ | (0.04 | ) |  | $ | (0.20 | )
The following potential common shares were excluded from diluted EPS for the quarter ended September 26, 2025 as the Company reported a net loss: 229.9 related to the Company’s unvested PSAs, 8.0 related to the Company’s unvested PSUA awards, 233.2 related to the Company’s unvested RS awards, and 79.2 related to the Company’s unvested RSUs. The following potential common shares were excluded from diluted EPS for the quarter ended September 27, 2024 as the Company reported a net loss: 84.5 related to the Company’s unvested PSAs, 0.0 related to the Company’s unvested PSUA awards, 157.2 related to the Company’s unvested RS awards, and 103.2 related to the Company’s unvested RSUs.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration