Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Current assets:
Cash	$ 10,688	$ 12,362
Accounts receivable, net	30,682	44,013
Inventories	120,607	125,893
Prepaid expenses	5,269	11,681
Other	6,739	8,420
Total current assets	173,985	202,369
Property, plant and equipment, net	72,732	71,258
Goodwill, net	0	25,954
Deferred income taxes	24,445	18,178
Intangible assets, net	18,973	25,353
Other assets	3,992	3,758
Total assets	294,127	346,870
Current liabilities:
Short-term borrowings and current maturities of long-term debt	4,691	2,000
Accounts payable	25,663	31,468
Total accrued liabilities	36,380	41,646
Total current liabilities	66,734	75,114
Long-term debt	37,896	40,491
Lease obligations	13,495	12,646
Accrued retirement benefits	27,938	25,878
Deferred income taxes	5,501	7,429
Other long-term liabilities	2,605	2,494
Total liabilities	154,169	164,052
Commitments and contingencies (Note P)
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	42,756	45,047
Retained earnings	156,655	196,472
Accumulated other comprehensive loss	(41,226)	(37,971)
Equity before treasury stock	158,185	203,548
Less treasury stock, at cost (1,226,809 and 1,392,524 shares, respectively)	18,796	21,332
Total Twin Disc shareholders' equity	139,389	182,216
Noncontrolling interest	569	602
Total equity	139,958	182,818
Total liabilities and equity	$ 294,127	$ 346,870