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Note G - Business Segments
 9 Months Ended
Mar. 29, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
G
.
Business Segments
 
The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. Principal products include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.
 
The Company has
two
reportable segments: manufacturing and distribution.  Its segment structure reflects the way management makes operating decisions and manages the growth and profitability of the business. It also corresponds with management’s approach of allocating resources and assessing the performance of its segments. The accounting practices of the segments are the same as those described in the summary of significant accounting policies. Transfers among segments are at established inter-company selling prices.  Management evaluates the performance of its segments based on net income.
 
Information about the Company’s segments is summarized as follows:
 
 
   
For the Quarter Ended
    
For the Three Quarters Ended
  
   
March 29, 2019
    
March 30, 2018
    
March 29, 2019
    
March 30, 2018
  
Net sales
                                
Manufacturing segment sales
   $
71,374
     $
58,482
     $
211,273
     $
146,935
  
Distribution segment sales
    
27,547
      
22,854
      
77,557
      
61,852
  
Inter/Intra segment elimination – manufacturing
    
(16,272
 )    
(13,494
 )    
(45,953
 )    
(33,315
 )
Inter/Intra segment elimination – distribution
    
(5,229
 )    
(2,493
 )    
(12,661
 )    
(8,512
 )
    $
77,420
     $
65,349
     $
230,216
     $
166,960
  
Net income (loss) attributable to Twin Disc
                                
Manufacturing segment net income
   $
6,350
     $
6,910
     $
21,509
     $
12,100
  
Distribution segment net (loss) income
    
(498
 )    
1,149
      
935
      
2,205
  
Corporate and eliminations
    
(1,292
 )    
(3,751
 )    
(10,950
 )    
(10,719
 )
    $
4,560
     $
4,308
     $
11,494
     $
3,586
  
                                 
 
Assets
  
March 29, 2019
    
June 30, 2018
                  
Manufacturing segment assets
   $
385,078
     $
266,417
                  
Distribution segment assets
    
49,446
      
52,230
                  
Corporate assets and elimination of intercompany assets
    
(89,700
 )    
(77,407
 )                
    $
344,824
     $
241,240