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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 24, 2021
Net sales $ 55,913 $ 47,761
Cost of goods sold 42,616 34,314
Gross profit 13,297 13,447
Marketing, engineering and administrative expenses 15,079 13,091
Restructuring expenses 11 48
Other operating income 0 (2,939)
(Loss) income from operations (1,793) 3,247
Interest expense 566 530
Other (income) expense, net 260 355
Non-operating income (expense) 826 885
(Loss) income before income taxes and noncontrolling interest (2,619) 2,362
Income tax (benefit) expense (688) 382
Net (loss) income (1,931) 1,980
Less: Net earnings attributable to noncontrolling interest, net of tax (98) (60)
Net (loss) income attributable to Twin Disc $ (2,029) $ 1,920
(Loss) income per share data:    
Basic (loss) income per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.15) $ 0.14
Diluted (loss) income per share attributable to Twin Disc common shareholders (in dollars per share) $ (0.15) $ 0.14
Weighted average shares outstanding data:    
Basic shares outstanding (in shares) 13,407 13,283
Diluted shares outstanding (in shares) 13,407 13,350
Comprehensive income (loss)    
Net (loss) income $ (1,931) $ 1,980
Benefit plan adjustments, net of income taxes of $1 and $117, respectively 518 384
Translation adjustment during the quarter (6,290) (1,938)
Unrealized gain on cash flow hedge, net of income taxes of $0 and $63, respectively 793 204
Comprehensive (loss) income (6,910) 630
Less: Comprehensive income (loss) attributable to noncontrolling interest 136 (136)
Comprehensive (loss) income attributable to Twin Disc $ (6,774) $ 494