For the Quarter Ended

For the Three Quarters Ended

March 26, 2021

March 27, 2020

March 26, 2021

March 27, 2020

Basic:

Net income (loss)

$

166

$

(25,176

)

$

(8,051

)

$

(37,935

)

Less: Net earnings attributable to noncontrolling interest

(72

)

(54

)

(147

)

(122

)

Less: Undistributed earnings attributable to unvested shares

-

Net income (loss) available to Twin Disc shareholders

94

(25,230

)

(8,198

)

(38,057

)

Weighted average shares outstanding - basic

13,269

13,175

13,240

13,147

Basic Income (Loss) Per Share:

Net income (loss) per share - basic

$

0.01

$

(1.92

)

$

(0.62

)

$

(2.89

)

Diluted:

Net income (loss)

$

166

$

(25,176

)

$

(8,051

)

$

(37,935

)

Less: Net earnings attributable to noncontrolling interest

(72

)

(54

)

(147

)

(122

)

Less: Undistributed earnings attributable to unvested shares

-

Net income (loss) available to Twin Disc shareholders

94

(25,230

)

(8,198

)

(38,057

)

Weighted average shares outstanding - basic

13,269

13,175

13,240

13,147

Effect of dilutive stock awards

26

-

Weighted average shares outstanding - diluted

13,295

13,175

13,240

13,147

Diluted Income (Loss) Per Share:

Net income (loss) per share - diluted

$

0.01

$

(1.92

)

$

(0.62

)

$

(2.89

)