Note K - Shareholders' Equity (Tables)

9 Months Ended

Mar. 26, 2021

Notes Tables

Schedule of Stockholders Equity [Table Text Block]

	Twin Disc, Inc. Shareholders’ Equity
							Accumulated
							Other						Non-
	Common			Retained			Comprehensive			Treasury			Controlling			Total
	Stock			Earnings			Income (Loss)			Stock			Interest			Equity
Balance, June 30, 2020	$	42,756		$	156,655		$	(41,226	)	$	(18,796	)	$	569		$	139,958
Net (loss) income					(3,979	)								42			(3,937	)
Translation adjustments								3,600						12			3,612
Benefit plan adjustments, net of tax								553									553
Unrealized gain on cash flow hedge, net of tax								75									75
Compensation expense		518															518
Shares (acquired) issued, net		(2,460	)								2,236						(224	)
Balance, September 25, 2020		40,814			152,676			(36,998	)		(16,560	)		623			140,555
Net (loss) income					(4,313	)								33			(4,280	)
Translation adjustments								4,887						12			4,899
Benefit plan adjustments, net of tax								555									555
Unrealized gain on cash flow hedge, net of tax								104									104
Compensation expense		562															562
Shares (acquired) issued, net		(1,458	)								1,458						-
Balance, December 25, 2020		39,918			148,363			(31,452	)		(15,102	)		668			142,395
Net income					94									72			166
Translation adjustments								(2,970	)					(38	)		(3,008	)
Benefit plan adjustments, net of tax								583									583
Unrealized gain on cash flow hedge, net of tax								193									193
Compensation expense		524															524
Shares issued (acquired), net		4									(4	)					-
Balance, March 26, 2021	$	40,446		$	148,457		$	(33,646	)	$	(15,106	)	$	702		$	140,853

	Twin Disc, Inc. Shareholders’ Equity
							Accumulated
							Other						Non-
	Common			Retained			Comprehensive			Treasury			Controlling			Total
	Stock			Earnings			Income (Loss)			Stock			Interest			Equity
Balance, June 30, 2019	$	45,047		$	196,472		$	(37,971	)	$	(21,332	)	$	602		$	182,818
Net (loss) income					(6,311	)								18			(6,293	)
Translation adjustments								(3,014	)					18			(2,996	)
Benefit plan adjustments, net of tax								557									557
Unrealized loss on cash flow hedge, net of tax								(143	)								(143	)
Cash dividends														(127	)		(127	)
Compensation expense		459															459
Shares (acquired) issued, net		(2,324	)								1,412						(912	)
Balance, September 27, 2019		43,182			190,161			(40,571	)		(19,920	)		511			173,363
Net (loss) income					(6,516	)								50			(6,466	)
Translation adjustments								1,647						-			1,647
Benefit plan adjustments, net of tax								548									548
Unrealized gain on cash flow hedge, net of tax								146									146
Compensation expense		248															248
Shares (acquired) issued, net		(1,125	)								1,124						(1	)
Balance, December 27, 2019		42,305			183,645			(38,230	)		(18,796	)		561			169,485
Net (loss) income					(25,230	)								54			(25,176	)
Translation adjustments								(1,257	)					(9	)		(1,266	)
Benefit plan adjustments, net of tax								1,593									1,593
Unrealized loss on cash flow hedge, net of tax								(582	)								(582	)
Compensation expense		(19	)														(19	)
Balance, March 27, 2020	$	42,286		$	158,415		$	(38,476	)	$	(18,796	)	$	606		$	144,035

Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]

	Translation			Benefit Plan			Cash Flow
	Adjustment			Adjustment			Hedges
Balance at June 30, 2020	$	3,454		$	(43,576	)	$	(1,104	)
Translation adjustment during the quarter		3,600			-			-
Amounts reclassified from accumulated other comprehensive income		-			553			75
Net current period other comprehensive income		3,600			553			75
Balance at September 25, 2020		7,054			(43,023	)		(1,029	)
Translation adjustment during the quarter		4,887			-			-
Amounts reclassified from accumulated other comprehensive income		-			555			104
Net current period other comprehensive income		4,887			555			104
Balance at December 25, 2020		11,941			(42,468	)		(925	)
Translation adjustment during the quarter		(2,970	)		-			-
Amounts reclassified from accumulated other comprehensive income		-			583			193
Net current period other comprehensive (loss) income		(2,970	)		583			193
Balance at March 26, 2021	$	8,971		$	(41,885	)	$	(732	)

	Translation			Benefit Plan			Cash Flow
	Adjustment			Adjustment			Hedges
Balance at June 30, 2019	$	4,439		$	(41,901	)	$	(509	)
Translation adjustment during the quarter		(3,014	)		-			-
Amounts reclassified from accumulated other comprehensive income		-			557			(143	)
Net current period other comprehensive (loss) income		(3,014	)		557			(143	)
Balance at September 27, 2019		1,425			(41,344	)		(652	)
Translation adjustment during the quarter		1,647			-			-
Amounts reclassified from accumulated other comprehensive income		-			548			146
Net current period other comprehensive income		1,647			548			146
Balance at December 27, 2019		3,072			(40,796	)		(506	)
Translation adjustment during the quarter		(1,257	)		-			-
Amounts reclassified from accumulated other comprehensive income		-			1,593			(582	)
Net current period other comprehensive (loss) income		(1,257	)		1,593			(582	)
Balance at March 27, 2020	$	1,815		$	(39,203	)	$	(1,088	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	Amount Reclassified				Amount Reclassified
	Quarter Ended				Three Quarters Ended
	March 26, 2021				March 26, 2021
Changes in benefit plan items
Actuarial losses	$	824		(a)	$	2,410		(a)
Transition asset and prior service benefit		(64	)	(a)		(190	)	(a)
Total amortization		760				2,220
Income taxes		177				529
Total reclassification net of tax	$	583			$	1,691

	Amount Reclassified				Amount Reclassified
	Quarter Ended				Three Quarters Ended
	March 27, 2020				March 27, 2020
Changes in benefit plan items
Actuarial losses	$	670		(a)	$	2,240		(a)
Transition asset and prior service benefit		(64	)	(a)		(191	)	(a)
Total amortization		606				2,049
Other benefit plan adjustments		(1,477	)			(1,477	)
Income taxes		490				828
Total reclassification net of tax	$	1,593			$	2,698