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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 25, 2022
Mar. 31, 2023
Mar. 25, 2022
Net sales $ 73,772 $ 59,289 $ 193,036 $ 166,939
Cost of goods sold 54,507 41,598 143,451 122,319
Gross profit 19,265 17,691 49,585 44,620
Marketing, engineering and administrative expenses 14,626 14,396 45,688 42,753
Restructuring expenses 33 303 208 1,542
Other operating income 1 (63) (4,149) (2,957)
Income from operations 4,605 3,055 7,838 3,282
Interest expense 522 490 1,682 1,594
Other expense (income), net 785 (498) 1,834 (608)
Non-operating income (expense) 1,307 (8) 3,516 986
Income before income taxes and noncontrolling interest 3,298 3,063 4,322 2,296
Income tax expense 548 753 2,349 1,757
Net income 2,750 2,310 1,973 539
Less: Net earnings attributable to noncontrolling interest, net of tax (76) (79) (188) (223)
Net income attributable to Twin Disc $ 2,674 $ 2,231 $ 1,785 $ 316
Income per share data:        
Basic income per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.20 $ 0.17 $ 0.13 $ 0.02
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.20 $ 0.17 $ 0.13 $ 0.02
Weighted average shares outstanding data:        
Basic shares outstanding (in shares) 13,504 13,397 13,455 13,339
Diluted shares outstanding (in shares) 13,662 13,457 13,608 13,373
Comprehensive income (loss)        
Net income $ 2,750 $ 2,310 $ 1,973 $ 539
Benefit plan adjustments, net of income taxes of $1, $4, $5 and $4, respectively 578 505 581 1,512
Translation adjustment during the quarter 1,014 (2,721) 3,117 (6,359)
Unrealized (loss) gain on cash flow hedge, net of income taxes of $0, $0, $0 and $0, respectively (224) 810 (26) 1,748
Comprehensive income (loss) 4,118 904 5,645 (2,560)
Less: Comprehensive income attributable to noncontrolling interest 67 38 277 235
Comprehensive income (loss) attributable to Twin Disc $ 4,185 $ 942 $ 5,922 $ (2,325)