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Note B - Acquisition of Veth Propulsion Holding BV - Financial Information From Veth Propulsion Included in the Consolidated Statements of Operations (Details) - Veth Propulsion [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 29, 2019
Mar. 29, 2019
Net sales $ 15,496 $ 42,931
Gross profit [1] 3,024 8,916
Operating income [2] 244 204
Net income (loss) attributable to Twin Disc $ 6 $ (569)
[1] Gross profit includes the non-recurring purchase accounting charge for the step-up of inventories acquired of $1,050 and $3,223 for the quarter and three quarters ended March 29, 2019, respectively.
[2] In addition to (a), operating income includes the depreciation of property, plant and equipment and amortization of intangible assets acquired of $749 and $1,985 for the quarter and three quarters ended March 29, 2019, respectively. Operating income also includes one-time transaction charges related to the acquisition of $2 and $461 for the quarter and three quarters ended March 29, 2019, respectively.