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Condensed Consolidated Statements of Operations and Comprehensive Income Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 26, 2021
Mar. 27, 2020
Mar. 26, 2021
Mar. 27, 2020
Net Sales $ 57,640 $ 68,636 $ 152,377 $ 187,462
Cost of goods sold 43,678 52,087 119,835 145,566
Gross profit 13,962 16,549 32,542 41,896
Marketing, engineering and administrative expenses 13,196 15,349 39,000 48,106
Restructuring expenses 251 532 777 4,902
Goodwill and other impairment charge 0 27,603 0 27,603
Income (loss) from operations 515 (26,935) (7,235) (38,715)
Interest expense 606 488 1,769 1,324
Other expense (income), net (557) 898 2,314 1,618
Non-operating income (expense) 49 1,386 4,083 2,942
Income (loss) before income taxes and noncontrolling interest 466 (28,321) (11,318) (41,657)
Income tax expense (benefit) 300 (3,145) (3,267) (3,722)
Net income (loss) 166 (25,176) (8,051) (37,935)
Less: Net earnings attributable to noncontrolling interest, net of tax (72) (54) (147) (122)
Net income (loss) attributable to Twin Disc $ 94 $ (25,230) $ (8,198) $ (38,057)
Income (loss) per share data:        
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.01 $ (1.92) $ (0.62) $ (2.89)
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.01 $ (1.92) $ (0.62) $ (2.89)
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 13,269 13,175 13,240 13,147
Diluted shares outstanding (in shares) 13,295 13,175 13,240 13,147
Comprehensive loss        
Net income (loss) $ 166 $ (25,176) $ (8,051) $ (37,935)
Benefit plan adjustments, net of income taxes of $177, $490, $529 and $828, respectively 583 1,593 1,691 2,698
Foreign currency translation adjustment (3,008) (1,266) 5,503 (2,615)
Unrealized gain (loss) on cash flow hedge, net of income taxes of $60, $178, $115 and $177, respectively 193 (582) 372 (579)
Comprehensive loss (2,066) (25,431) (485) (38,431)
Less: Comprehensive income attributable to noncontrolling interest (34) (46) (133) (132)
Comprehensive loss attributable to Twin Disc $ (2,100) $ (25,477) $ (618) $ (38,563)