XML 90 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Jun. 30, 2012
Current assets:    
Cash $ 20,724 $ 15,701
Trade accounts receivable, net 46,331 63,438
Inventories, net 102,774 103,178
Deferred income taxes 5,280 3,745
Other 13,363 11,099
Total current assets 188,472 197,161
Property, plant and equipment, net 62,315 66,356
Goodwill, net 13,232 13,116
Deferred income taxes 7,614 14,335
Intangible assets, net 3,149 4,996
Other assets 10,676 7,868
Total assets 285,458 303,832
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 3,681 3,744
Accounts payable 20,651 23,550
Accrued liabilities 39,171 39,331
Total current liabilities 63,503 66,625
Long-term debt 23,472 28,401
Accrued retirement benefits 48,290 64,009
Deferred income taxes 2,925 3,340
Other long-term liabilities 3,706 4,948
Total liabilities 141,896 167,323
Twin Disc shareholders' equity:    
Preferred shares authorized: 200,000; issued: none; no par value 0 0
Common shares authorized: 30,000,000; issued: 13,099,468; no par value 13,183 12,759
Retained earnings 184,110 184,306
Accumulated other comprehensive loss (25,899) (34,797)
Shareholders' equity before treasury stock 171,394 162,268
Less treasury stock, at cost (1,886,516 and 1,794,981 shares, respectively) 28,890 26,781
Total Twin Disc shareholders' equity 142,504 135,487
Noncontrolling interest 1,058 1,022
Total equity 143,562 136,509
Total liabilities and equity $ 285,458 $ 303,832