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Note P - Impact of Accounting Method Change - Adjustment to Financial Statements (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 29, 2024
Dec. 29, 2023
Sep. 29, 2023
Mar. 31, 2023
Dec. 30, 2022
Sep. 30, 2022
Mar. 29, 2024
Mar. 31, 2023
Jun. 30, 2023
Jul. 01, 2022
Net sales $ 74,161     $ 73,772     $ 210,709 $ 193,036    
Gross profit 20,940     19,265     58,233 49,585    
Marketing, engineering and administrative expenses 17,199     14,626     51,268 45,688    
Restructuring expenses 139     33     207 208    
Other operating expense (income) 0     1     0 (4,149)    
Income from operations 3,602     4,605     6,758 7,838    
Interest expense 263     522     1,049 1,682    
Other (income) expense, net (959)     178     (649) 13    
Interest Income (Expense), Nonoperating (696)     700     400 1,695    
Income before income taxes and noncontrolling interest 4,298     3,905     6,358 6,143    
Income tax expense 398     548     2,606 2,350    
Net income 3,900 $ 935 $ (1,083) 3,357 $ 1,761 $ (1,324) 3,752 3,793    
Less: Net earnings attributable to noncontrolling interest, net of tax (78)     (76)     (173) (188)    
Net income attributable to Twin Disc $ 3,822     $ 3,281     $ 3,579 $ 3,605    
Basic income per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.28     $ 0.24     $ 0.26 $ 0.27    
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share) $ 0.27     $ 0.24     $ 0.26 $ 0.26    
Basic shares outstanding (in shares) 13,742     13,504     13,663 13,455    
Diluted shares outstanding (in shares) 13,904     13,662     13,852 13,608    
Benefit plan adjustments, net of income taxes of $10, $(1), $2 and $(5), respectively $ (191) (108) (171) $ (29) (1,122) (89) $ (470) $ (1,240)    
Translation adjustment during the quarter (3,084) 5,190 (3,036) 1,014 8,392 (6,290) (930) 3,116    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively 196 (485) 216 (224) (595) 793 (73) (26)    
Comprehensive income (loss) 821     4,118     2,279 5,643    
Less: Comprehensive income attributable to noncontrolling interest 34     67     224 277    
Comprehensive income attributable to Twin Disc 787     4,051     2,055 5,366    
Current assets:                    
Cash 23,843     14,024     23,843 14,024 $ 13,263  
Trade accounts receivable, net 40,950     44,438     40,950 44,438 54,760  
Inventories 129,845     136,153     129,845 136,153 131,930  
Assets held for sale 2,968     2,968     2,968 2,968 2,968  
Prepaid expenses 10,471     10,025     10,471 10,025 8,459  
Other 10,451     8,341     10,451 8,341 8,326  
Total current assets 218,528     215,949     218,528 215,949 219,706  
Property, plant and equipment, net 40,606     40,700     40,606 40,700 38,650  
Right-of-use assets operating leases 14,498     12,415     14,498 12,415 13,133  
Intangible assets, net 10,157     11,239     10,157 11,239 12,637  
Deferred income taxes 2,210     2,542     2,210 2,542 2,244  
Other assets 2,755     2,668     2,755 2,668 2,811  
Total assets 288,754     285,513     288,754 285,513 289,181  
Current liabilities:                    
Current maturities of long-term debt 2,000     2,000     2,000 2,000 2,010  
Accounts payable 33,230     29,726     33,230 29,726 36,499  
Accrued liabilities 63,406     56,886     63,406 56,886 61,586  
Total current liabilities 98,636     88,612     98,636 88,612 100,095  
Long-term debt 15,042     29,276     15,042 29,276 16,617  
Lease obligations 12,638     9,897     12,638 9,897 10,811  
Accrued retirement benefits 6,707     10,315     6,707 10,315 7,608  
Deferred income taxes 2,965     3,391     2,965 3,391 3,280  
Other long-term liabilities 5,822     5,403     5,822 5,403 5,253  
Total liabilities 141,810     146,894     141,810 146,894 143,664  
Twin Disc shareholders' equity:                    
Preferred shares authorized: 200,000; issued: none; no par value 0     0     0 0 0  
Common shares authorized: 30,000,000; issued: 14,632,802; no par value 40,428     42,145     40,428 42,145 42,855  
Retained earnings 122,759     113,524     122,759 113,524 120,299  
Accumulated Other Comprehensive Income (Loss), Net of Tax (7,094)     (5,212)     (7,094) (5,212) (5,570)  
Equity before treasury stock 156,093     150,457     156,093 150,457 157,584  
Less treasury stock, at cost (638,712 and 814,734 shares, respectively) 9,797     12,527     9,797 12,527 12,491  
Total Twin Disc shareholders' equity 146,296     137,930     146,296 137,930 145,093  
Noncontrolling interest 648     689     648 689 424  
Total equity 146,944 145,910 140,175 138,619 133,765 124,768 146,944 138,619 145,517  
Total liabilities and equity 288,754     285,513     288,754 285,513 289,181  
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income 3,900 935 (1,083) 3,357 1,761 (1,324) 3,752 3,793    
Adjustments to reconcile net income to net cash provided by operating activities:                    
Depreciation and amortization             7,497 6,936    
Gain on sale of assets             (87) (4,237)    
Provision for deferred income taxes             239 (1,462)    
Stock compensation expense and other non-cash changes, net             2,242 2,355    
Net change in operating assets and liabilities             5,531 (526)    
Net cash provided by operating activities             22,273 6,859    
CASH FLOWS FROM INVESTING ACTIVITIES:                    
Acquisition of property, plant, and equipment             (7,598) (6,783)    
Proceeds from sale of fixed assets             0 7,177    
Proceeds on note receivable               0    
Other, net             (167) 199    
Net cash (used) provided by investing activities             (7,765) 593    
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Borrowings under revolving loan arrangements             66,661 65,862    
Repayments of revolving loan arrangements             (66,661) (69,823)    
Repayments of other long-term debt             (1,510) (1,534)    
Payments of finance lease obligations (192)     (73)     (663) (231)    
Payments of withholding taxes on stock compensation             (1,791) (463)    
Net cash used by financing activities             (5,083) (6,189)    
Effect of exchange rate changes on cash             1,155 240    
Net change in cash             10,580 1,503    
Cash:                    
Beginning of period     13,263     12,521 13,263 12,521    
End of period 23,843     14,024     23,843 14,024    
Balance 145,910 140,175 145,517 133,765 124,768 131,188 145,517 131,188    
Net income attributable to Twin Disc 3,822     3,281     3,579 3,605    
Balance 146,944 145,910 140,175 138,619 133,765 124,768 146,944 138,619    
Translation adjustment during the quarter (3,084) 5,190 (3,036) 1,014 8,392 (6,290) (930) 3,116    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively 196 (485) 216 (224) (595) 793 (73) (26)    
Retained Earnings [Member]                    
Net income 3,822 930 (1,173) 3,281 1,746 (1,422)        
Net income attributable to Twin Disc               3,605    
Twin Disc shareholders' equity:                    
Total equity 122,759 119,496 119,126 113,524 110,243 108,497 122,759 113,524 120,299  
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income 3,822 930 (1,173) 3,281 1,746 (1,422)        
Cash:                    
Balance 119,496 119,126 120,299 110,243 108,497 109,919 120,299 109,919    
Net income attributable to Twin Disc               3,605    
Balance 122,759 119,496 119,126 113,524 110,243 108,497 122,759 113,524    
AOCI Attributable to Parent [Member]                    
Benefit plan adjustments, net of income taxes of $10, $(1), $2 and $(5), respectively (191) (108) (171) (29) (1,122) (89)        
Translation adjustment during the quarter (3,040) 5,155 (3,096) 1,023 8,333 (6,328)   3,028    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively 196 (485) 216 (224) (595) 793   (26)    
Twin Disc shareholders' equity:                    
Total equity (7,094) (4,059) (8,621) (5,212) (5,982) (12,598) (7,094) (5,212) $ (5,570)  
Cash:                    
Balance (4,059) (8,621) (5,570) (5,982) (12,598) (6,974) (5,570) (6,974)    
Balance (7,094) (4,059) (8,621) (5,212) (5,982) (12,598) $ (7,094) (5,212)    
Translation adjustment during the quarter (3,040) 5,155 (3,096) 1,023 8,333 (6,328)   3,028    
Benefit plan adjustments, net of tax               (1,240)    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively $ 196 $ (485) $ 216 (224) $ (595) 793   (26)    
Previously Reported [Member]                    
Net sales       73,772       193,036    
Cost of goods sold       54,507       143,451    
Gross profit       19,265       49,585    
Marketing, engineering and administrative expenses       14,626       45,688    
Restructuring expenses       33       208    
Other operating expense (income)       1       (4,149)    
Income from operations       4,605       7,838    
Interest expense       522       1,682    
Other (income) expense, net       785       1,834    
Interest Income (Expense), Nonoperating       1,307       3,516    
Income before income taxes and noncontrolling interest       3,298       4,322    
Income tax expense       548       2,350    
Net income       2,750       1,972    
Less: Net earnings attributable to noncontrolling interest, net of tax       (76)       (188)    
Net income attributable to Twin Disc       $ 2,674       $ 1,784    
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)       $ 0.2       $ 0.13    
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)       $ 0.2       $ 0.13    
Basic shares outstanding (in shares)       13,504,000       13,455,000    
Diluted shares outstanding (in shares)       13,662,000       13,608,000    
Benefit plan adjustments, net of income taxes of $10, $(1), $2 and $(5), respectively       $ 578       $ 581    
Translation adjustment during the quarter       1,014            
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively       (224)       (26)    
Comprehensive income (loss)       4,118       5,643    
Less: Comprehensive income attributable to noncontrolling interest       67            
Comprehensive income attributable to Twin Disc       4,051       5,366    
Current assets:                    
Cash       14,024       14,024    
Trade accounts receivable, net       44,438       44,438    
Inventories       136,153       136,153    
Assets held for sale       2,968       2,968    
Prepaid expenses       10,025       10,025    
Other       8,341       8,341    
Total current assets       215,949       215,949    
Property, plant and equipment, net       40,700       40,700    
Right-of-use assets operating leases       12,415       12,415    
Intangible assets, net       11,239       11,239    
Deferred income taxes       2,542       2,542    
Other assets       2,668       2,668    
Total assets       285,513       285,513    
Current liabilities:                    
Current maturities of long-term debt       2,000       2,000    
Accounts payable       29,726       29,726    
Accrued liabilities       56,886       56,886    
Total current liabilities       88,612       88,612    
Long-term debt       29,276       29,276    
Lease obligations       9,897       9,897    
Accrued retirement benefits       10,315       10,315    
Deferred income taxes       3,391       3,391    
Other long-term liabilities       5,403       5,403    
Total liabilities       146,894       146,894    
Twin Disc shareholders' equity:                    
Preferred shares authorized: 200,000; issued: none; no par value       0       0    
Common shares authorized: 30,000,000; issued: 14,632,802; no par value       42,145       42,145    
Retained earnings       136,815       136,815    
Accumulated Other Comprehensive Income (Loss), Net of Tax       (28,503)       (28,503)    
Equity before treasury stock       150,457       150,457    
Less treasury stock, at cost (638,712 and 814,734 shares, respectively)       12,527       12,527    
Total Twin Disc shareholders' equity       137,930       137,930    
Noncontrolling interest       689       689    
Total equity       138,619       138,619    
Total liabilities and equity       285,513       285,513    
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income       2,750       1,972    
Adjustments to reconcile net income to net cash provided by operating activities:                    
Depreciation and amortization               6,936    
Gain on sale of assets               (4,237)    
Provision for deferred income taxes               (1,462)    
Stock compensation expense and other non-cash changes, net               2,355    
Net change in operating assets and liabilities               1,295    
Net cash provided by operating activities               6,859    
CASH FLOWS FROM INVESTING ACTIVITIES:                    
Acquisition of property, plant, and equipment               (6,783)    
Proceeds from sale of fixed assets               7,177    
Proceeds on note receivable               0    
Other, net               199    
Net cash (used) provided by investing activities               593    
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Borrowings under revolving loan arrangements               65,862    
Repayments of revolving loan arrangements               (69,823)    
Repayments of other long-term debt               (1,534)    
Payments of finance lease obligations               (231)    
Payments of withholding taxes on stock compensation               (463)    
Net cash used by financing activities               (6,189)    
Effect of exchange rate changes on cash               240    
Net change in cash               1,503    
Cash:                    
Beginning of period           12,521   12,521    
End of period       14,024       14,024    
Net income attributable to Twin Disc       2,674       1,784    
Balance       138,619       138,619    
Translation adjustment during the quarter       1,014            
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively       (224)       (26)    
Previously Reported [Member] | Retained Earnings [Member]                    
Net income attributable to Twin Disc               1,784    
Twin Disc shareholders' equity:                    
Total equity       136,815       136,815    
Cash:                    
Balance           135,031   135,031    
Net income attributable to Twin Disc               1,784    
Balance       136,815       136,815    
Previously Reported [Member] | AOCI Attributable to Parent [Member]                    
Translation adjustment during the quarter               3,028    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively               (26)    
Twin Disc shareholders' equity:                    
Total equity       (28,503)       (28,503)    
Cash:                    
Balance           (32,086)   (32,086)    
Balance       (28,503)       (28,503)    
Translation adjustment during the quarter               3,028    
Benefit plan adjustments, net of tax               581    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively               (26)    
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]                    
Net sales       0       0    
Cost of goods sold       0       0    
Gross profit       0       0    
Marketing, engineering and administrative expenses       0       0    
Restructuring expenses       0       0    
Other operating expense (income)       0       0    
Income from operations       0       0    
Interest expense       0       0    
Other (income) expense, net       (607)       (1,821)    
Interest Income (Expense), Nonoperating       (607)       (1,821)    
Income before income taxes and noncontrolling interest       607       1,821    
Income tax expense       0       0    
Net income       607       1,821    
Less: Net earnings attributable to noncontrolling interest, net of tax       0       0    
Net income attributable to Twin Disc       $ 607       $ 1,821    
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)       $ 0.04       $ 0.14    
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)       $ 0.04       $ 0.13    
Basic shares outstanding (in shares)       0       0    
Diluted shares outstanding (in shares)       0       0    
Benefit plan adjustments, net of income taxes of $10, $(1), $2 and $(5), respectively       $ (607)       $ (1,821)    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively       0       0    
Comprehensive income (loss)       0       0    
Comprehensive income attributable to Twin Disc       0       0    
Current assets:                    
Cash       0       0    
Trade accounts receivable, net       0       0    
Inventories       0       0    
Assets held for sale       0       0    
Prepaid expenses       0       0    
Other       0       0    
Total current assets       0       0    
Property, plant and equipment, net       0       0    
Right-of-use assets operating leases       0       0    
Intangible assets, net       0       0    
Deferred income taxes       0       0    
Other assets       0       0    
Total assets       0       0    
Current liabilities:                    
Current maturities of long-term debt       0       0    
Accounts payable       0       0    
Accrued liabilities       0       0    
Total current liabilities       0       0    
Long-term debt       0       0    
Lease obligations       0       0    
Accrued retirement benefits       0       0    
Deferred income taxes       0       0    
Other long-term liabilities       0       0    
Total liabilities       0       0    
Twin Disc shareholders' equity:                    
Preferred shares authorized: 200,000; issued: none; no par value       0       0    
Common shares authorized: 30,000,000; issued: 14,632,802; no par value       0       0    
Retained earnings       (23,291)       (23,291)   $ (25,100)
Accumulated Other Comprehensive Income (Loss), Net of Tax       23,291       23,291   $ 25,100
Equity before treasury stock       0       0    
Less treasury stock, at cost (638,712 and 814,734 shares, respectively)       0       0    
Total Twin Disc shareholders' equity       0       0    
Noncontrolling interest       0       0    
Total equity       0       0    
Total liabilities and equity       0       0    
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income       607       1,821    
Adjustments to reconcile net income to net cash provided by operating activities:                    
Depreciation and amortization               0    
Gain on sale of assets               0    
Provision for deferred income taxes               0    
Stock compensation expense and other non-cash changes, net               0    
Net change in operating assets and liabilities               (1,821)    
Net cash provided by operating activities               0    
CASH FLOWS FROM INVESTING ACTIVITIES:                    
Acquisition of property, plant, and equipment               0    
Proceeds from sale of fixed assets               0    
Proceeds on note receivable               0    
Other, net               0    
Net cash (used) provided by investing activities               0    
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Borrowings under revolving loan arrangements               0    
Repayments of revolving loan arrangements               0    
Repayments of other long-term debt               0    
Payments of finance lease obligations               0    
Payments of withholding taxes on stock compensation               0    
Net cash used by financing activities               0    
Effect of exchange rate changes on cash               0    
Net change in cash               0    
Cash:                    
Beginning of period           0   0    
End of period       0       0    
Net income attributable to Twin Disc       607       1,821    
Balance       0       0    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively       0       0    
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member] | Retained Earnings [Member]                    
Net income attributable to Twin Disc               1,821    
Twin Disc shareholders' equity:                    
Total equity       (23,291)       (23,291)    
Cash:                    
Balance           (25,112)   (25,112)    
Net income attributable to Twin Disc               1,821    
Balance       (23,291)       (23,291)    
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member] | AOCI Attributable to Parent [Member]                    
Translation adjustment during the quarter               0    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively               0    
Twin Disc shareholders' equity:                    
Total equity       23,291       23,291    
Cash:                    
Balance           $ 25,112   25,112    
Balance       23,291       23,291    
Translation adjustment during the quarter               0    
Benefit plan adjustments, net of tax               (1,821)    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively               0    
As Reported Under New Method [Member]                    
Net sales       73,772       193,036    
Cost of goods sold       54,507       143,451    
Gross profit       19,265       49,585    
Marketing, engineering and administrative expenses       14,626       45,688    
Restructuring expenses       33       208    
Other operating expense (income)       1       (4,149)    
Income from operations       4,605       7,838    
Interest expense       522       1,682    
Other (income) expense, net       178       13    
Interest Income (Expense), Nonoperating       700       1,695    
Income before income taxes and noncontrolling interest       3,905       6,143    
Income tax expense       548       2,350    
Net income       3,357       3,793    
Less: Net earnings attributable to noncontrolling interest, net of tax       (76)       (188)    
Net income attributable to Twin Disc       $ 3,281       $ 3,605    
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)       $ 0.24       $ 0.27    
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)       $ 0.24       $ 0.26    
Basic shares outstanding (in shares)       13,504,000       13,455,000    
Diluted shares outstanding (in shares)       13,662,000       13,608,000    
Benefit plan adjustments, net of income taxes of $10, $(1), $2 and $(5), respectively       $ (29)       $ (1,240)    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively       (224)       (26)    
Comprehensive income (loss)       4,118       5,643    
Comprehensive income attributable to Twin Disc       4,051       5,366    
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income       3,357       3,793    
Cash:                    
Net income attributable to Twin Disc       3,281       3,605    
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively       $ (224)       $ (26)