Note K - Shareholders' Equity (Tables)

6 Months Ended

Dec. 30, 2022

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			Stock			Interest		Equity
Balance, June 30, 2022	$	42,551		$	135,031		$	(32,086	)	$	(14,720	)	$	412	$	131,188
Net (loss) income					(2,029	)								98	$	(1,931	)
Translation adjustments								(6,328	)					38	$	(6,290	)
Benefit plan adjustments, net of tax								518							$	518
Unrealized gain on cash flow hedge, net of tax								793							$	793
Compensation expense		658													$	658
Shares (acquired) issued, net		(1,924	)								1,756				$	(168	)
Balance, September 30, 2022		41,285			133,002			(37,103	)		(12,964	)		548		124,768
Net (loss) income					1,139									15		1,154
Translation adjustments								8,333						59		8,392
Benefit plan adjustments, net of tax								(515	)							(515	)
Unrealized gain on cash flow hedge, net of tax								(595	)							(595	)
Compensation expense		856														856
Shares (acquired) issued, net		(697	)								402					(295	)
Balance, December 30, 2022	$	41,444		$	134,141		$	(29,880	)	$	(12,562	)	$	622	$	133,765

	Twin Disc, Inc. Shareholders’ Equity
							Accumulated
							Other						Non-
	Common			Retained			Comprehensive			Treasury			Controlling			Total
	Stock			Earnings			Income (Loss)			Stock			Interest			Equity
Balance, June 30, 2021	$	40,972		$	126,936		$	(22,615	)	$	(15,083	)	$	450		$	130,660
Net income					1,920									60			1,980
Translation adjustments								(2,014	)					76			(1,938	)
Benefit plan adjustments, net of tax								384									384
Unrealized gain on cash flow hedge, net of tax								204									204
Compensation expense		625															625
Shares (acquired) issued, net		(432	)								141						(291	)
Balance, September 24, 2021		41,165			128,856			(24,041	)		(14,942	)		586			131,624
Net (loss) income					(3,836	)								86			(3,750	)
Translation adjustments								(1,676	)					(25	)		(1,701	)
Benefit plan adjustments, net of tax								623									623
Unrealized gain on cash flow hedge, net of tax								735									735
Compensation expense		595															595
Shares (acquired) issued, net		(169	)								(26	)					(195	)
Balance, December 31, 2021	$	41,591		$	125,020		$	(24,359	)	$	(14,968	)	$	647		$	127,931

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

	Translation			Benefit Plan			Cash Flow			Net Investment
	Adjustment			Adjustment			Hedges			Hedges
Balance at June 30, 2022	$	(2,266	)	$	(31,726	)	$	355		$	1,551
Translation adjustment during the quarter		(6,328	)		-			-			-
Amounts reclassified from accumulated other comprehensive income (loss)		-			518			349			444
Net current period other comprehensive (loss) income		(6,328	)		518			349			444
Balance at September 30, 2022	$	(8,594	)	$	(31,208	)	$	704		$	1,995
Translation adjustment during the quarter		8,333			-			-			-
Amounts reclassified from accumulated other comprehensive income		-			600			(10	)		(585	)
Plan merger remeasurement adjustment		-			(1,115	)		-			-
Net current period other comprehensive (loss) income		8,333			(515	)		(10	)		(585	)
Balance at December 30, 2022		(261	)		(31,723	)		694			1,410

	Translation			Benefit Plan			Cash Flow			Net Investment
	Adjustment			Adjustment			Hedges			Hedges
Balance at June 30, 2021	$	9,192		$	(31,463	)	$	(678	)	$	334
Translation adjustment during the quarter		(2,014	)		-			-			-
Amounts reclassified from accumulated other comprehensive income		-			384			68			136
Net current period other comprehensive (loss) income		(2,014	)		384			68			136
Balance at September 24, 2021	$	7,178		$	(31,079	)	$	(610	)	$	470
Translation adjustment during the quarter		(1,676	)		-			-			-
Amounts reclassified from accumulated other comprehensive income		-			623			232			503
Net current period other comprehensive (loss) income		(1,676	)		623			232			503
Balance at December 31, 2021		5,502			(30,456	)		(378	)		973

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

	Quarter Ended				Two Quarters Ended
	December 30, 2022				December 30, 2022
Changes in benefit plan items
Actuarial losses	$	608		(a)	$	1,215		(a)
Transition asset and prior service benefit		(51	)	(a)		(102	)	(a)
Translation		42				2
Total amortization		599				1,115
Plan merger remeasurement adjustment		(1,115	)			(1,115	)
Income tax expense		1				3
Total changes, net of tax	$	(515	)		$	3

	Quarter Ended				Two Quarters Ended
	December 31, 2021				December 31, 2021
Changes in benefit plan items
Actuarial losses	$	562		(a)	$	1,124		(a)
Transition asset and prior service benefit		(64	)	(a)		(128	)	(a)
Translation		10				13
Total amortization		508				1,009
Income tax expense		(115	)			2
Total changes, net of tax	$	623			$	1,007