Note B - Acquisition of Veth Propulsion Holding BV (Tables)

3 Months Ended

Sep. 28, 2018

Notes Tables

Schedule of Business Acquisitions by Acquisition, Consideration Transferred [Table Text Block]

Cash (a)	$	60,729
Fair value of contingent consideration (b)		2,927
Total	$	63,656

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash, including restricted cash	$	1,080		(a)
Accounts receivable		10,032		(b)
Inventories		27,641		(c)
Property, plant and equipment		1,537		(d)
Intangibles		23,700		(e)
Other assets		259
Accounts payable and customer deposits		(17,297	)
Other current liabilities		(861	)
Deferred tax liability		(7,104	)	(f)
Total net assets acquired		38,987
Goodwill		24,669		(g)
Total consideration	$	63,656

Schedule of Inventory Acquired, Measured at Fair Value [Table Text Block]

Raw materials	$	13,297
Projects work in progress at fair value		14,344
Inventories at fair value		27,641
Inventories at book value		22,926
Step-up	$	4,715

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

	Estimated fair value		Estimated average useful lives		Annual amortization
Customer relationships	$	13,600		12	$	1,133
Technology and know-how		8,300		7		1,186
Tradename		1,800		10		180
Total	$	23,700			$	2,499

Business Acquisition, Pro Forma Information, Actual [Table Text Block]

Net sales	$	13,353
Gross profit (a)		2,186
Operating loss (b)		(720	)
Net loss attributable to Twin Disc	$	(950	)

Business Acquisition, Pro Forma Information [Table Text Block]

	Quarter Ended
	September 29, 2017
Net sales	$	59,709
Gross profit (a)		17,189
Net income attributable to Twin Disc (b)	$	2,715
Basic income per share attributable to Twin Disc	$	0.24
Diluted income per share attributable to Twin Disc	$	0.24
Weighted average number of common shares outstanding:
Basic		11,256
Diluted		11,259