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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 30, 2018
Mar. 31, 2017
Mar. 30, 2018
Mar. 31, 2017
Net sales $ 65,349 $ 45,084 $ 166,960 $ 114,591
Cost of goods sold 44,624 31,790 114,214 83,175
Gross profit 20,725 13,294 52,746 31,416
Marketing, engineering and administrative expenses 14,747 13,737 43,683 38,772
Restructuring expenses 452 293 2,501 1,367
Goodwill and other impairment charge 2,637 2,637
Income (loss) from operations 5,526 (3,373) 6,562 (11,360)
Interest expense 80 61 227 236
Other expense (income), net (23) (67) 244 (414)
Non-operating income (expense) 57 (6) 471 (178)
Income (loss) before income taxes and noncontrolling interest 5,469 (3,367) 6,091 (11,182)
Income tax expense (benefit) 1,133 (1,639) 2,401 (3,892)
Net income (loss) 4,336 (1,728) 3,690 (7,290)
Less: Net earnings attributable to noncontrolling interest, net of tax (28) (121) (104) (166)
Net income (loss) attributable to Twin Disc $ 4,308 $ (1,849) $ 3,586 $ (7,456)
Income (loss) per share data:        
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.37 $ (0.16) $ 0.31 $ (0.66)
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.37 $ (0.16) $ 0.31 $ (0.66)
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 11,313 11,250 11,289 11,236
Diluted shares outstanding (in shares) 11,344 11,250 11,320 11,236
Comprehensive income (loss):        
Net income (loss) $ 4,336 $ (1,728) $ 3,690 $ (7,290)
Benefit plan adjustments, net of income taxes of $212, $398, $1,164 and $1,196, respectively 474 682 2,682 2,104
Foreign currency translation adjustment 1,849 1,059 4,878 (2,456)
Comprehensive income (loss) 6,659 13 11,250 (7,642)
Less: Comprehensive income attributable to noncontrolling interest (26) (38) (95) (149)
Comprehensive income (loss) attributable to Twin Disc $ 6,633 $ (25) $ 11,155 $ (7,791)