Twin Disc (TWIN) 10-Q 20 Jun 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 28, 2014	Apr. 28, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'TWIN DISC INC	'
Entity Central Index Key	'0000100378	'
Current Fiscal Year End Date	'--06-30	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	11,264,873
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	28-Mar-14	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Mar. 28, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$26,360	$20,724
Trade accounts receivable, net	33,489	46,331
Inventories, net	105,049	102,774
Deferred income taxes	5,221	5,280
Other	13,055	13,363
Total current assets	183,174	188,472
Property, plant and equipment, net	60,986	62,315
Goodwill, net	13,526	13,232
Deferred income taxes	6,322	7,614
Intangible assets, net	2,947	3,149
Other assets	8,891	10,676
Total assets	275,846	285,458
Current liabilities:	'	'
Short-term borrowings and current maturities of long-term debt	3,625	3,681
Accounts payable	19,665	20,651
Accrued liabilities	32,496	39,171
Total current liabilities	55,786	63,503
Long-term debt	21,422	23,472
Accrued retirement benefits	45,803	48,290
Deferred income taxes	2,589	2,925
Other long-term liabilities	3,881	3,706
Total liabilities	129,481	141,896
Commitments and contingencies (Note D)	'	'
Twin Disc shareholders' equity:	'	'
Preferred shares authorized: 200,000; issued: none; no par value	0	0
Common shares authorized: 30,000,000; issued: 13,099,468; no par value	11,676	13,183
Retained earnings	182,385	184,110
Accumulated other comprehensive loss	-20,256	-25,899
Shareholders' equity before treasury stock	173,805	171,394
Less treasury stock, at cost (1,834,595 and 1,886,516 shares, respectively)	28,095	28,890
Total Twin Disc shareholders' equity	145,710	142,504
Noncontrolling interest	655	1,058
Total equity	146,365	143,562
Total liabilities and equity	$275,846	$285,458

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	Mar. 28, 2014	Jun. 30, 2013
Twin Disc shareholders' equity:	'	'
Preferred Stock, Shares Authorized (in shares)	200,000	200,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, No Par Value (in dollars per share)	$0	$0
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	13,099,468	13,099,468
Common stock, no par value (in dollars per share)	$0	$0
Treasury stock, shares (in shares)	1,834,595	1,886,516

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]	'	'	'	'
Net sales	$60,705	$68,232	$190,343	$209,351
Cost of goods sold	44,177	50,558	134,604	149,949
Gross profit	16,528	17,674	55,739	59,402
Marketing, engineering and administrative expenses	16,870	17,405	49,572	50,795
Restructuring of operations	0	0	1,094	0
(Loss) earnings from operations	-342	269	5,073	8,607
Interest expense	220	366	697	1,001
Other (income) expense, net	68	-129	-85	-24
Other income (expense) total	288	237	612	977
(Loss) earnings before income taxes and noncontrolling interest	-630	32	4,461	7,630
Income taxes	-188	640	2,973	3,552
Net (loss) earnings	-442	-608	1,488	4,078
Less: Net earnings attributable to noncontrolling interest, net of tax	-33	-149	-168	-243
Net (loss) earnings attributable to Twin Disc	-475	-757	1,320	3,835
Dividends per share (in dollars per share)	$0.09	$0.09	$0.27	$0.27
(Loss) earnings per share data:	'	'	'	'
Basic (loss) earnings per share attributable to Twin Disc common shareholders	($0.04)	($0.07)	$0.12	$0.34
Diluted (loss) earnings per share attributable to Twin Disc common shareholders	($0.04)	($0.07)	$0.12	$0.34
Weighted average shares outstanding data:	'	'	'	'
Basic shares outstanding (in shares)	11,265	11,243	11,256	11,327
Dilutive stock awards (in shares)	0	0	6	73
Diluted shares outstanding (in shares)	11,265	11,243	11,262	11,400
Comprehensive income (loss):	'	'	'	'
Net (loss) earnings	-442	-608	1,488	4,078
Benefit plan adjustments, net of income taxes of $354, $376, $1,060 and $1,160, respectively	528	676	1,506	1,996
Foreign currency translation adjustment	1,054	-874	4,053	2,520
Comprehensive income (loss)	1,140	-806	7,047	8,594
Less: comprehensive income attributable to noncontrolling interest	-33	-149	-168	-243
Comprehensive income (loss) attributable to Twin Disc	$1,107	($955)	$6,879	$8,351

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013
Other comprehensive income, net:	'	'	'	'
Benefit plan adjustments, tax	$354	$376	$1,060	$1,160

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013
Cash flows from operating activities:	'	'
Net earnings	$1,488	$4,078
Adjustments to reconcile net earnings to net cash provided by operating activities:	'	'
Depreciation and amortization	7,940	8,025
Restructuring of operations	1,094	0
Other non-cash changes, net	441	1,679
Net change in working capital, excluding cash	6,824	-2,980
Net cash provided by operating activities	17,787	10,802
Cash flows from investing activities:	'	'
Acquisitions of fixed assets	-5,183	-5,118
Proceeds from sale of fixed assets	121	181
Other, net	-244	-232
Net cash used by investing activities	-5,306	-5,169
Cash flows from financing activities:	'	'
Proceeds from notes payable	0	38
Payments of notes payable	-59	-96
Payments of long term debt	0	-95
Borrowings under revolving loan agreement	48,550	65,200
Repayments under revolving loan agreement	-50,600	-62,500
Proceeds from exercise of stock options	0	189
Dividends paid to shareholders	-3,045	-3,066
Dividends paid to noncontrolling interest	-487	-204
Acquisition of treasury stock	0	-3,069
Excess tax benefits from stock compensation	524	1,276
Payments of withholding taxes on stock compensation	-2,170	-1,700
Net cash used by financing activities	-7,287	-4,027
Effect of exchange rate changes on cash	442	-146
Net change in cash	5,636	1,460
Cash:	'	'
Beginning of period	20,724	15,701
End of period	$26,360	$17,161

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Mar. 28, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	A.	Basis of Presentation
	The unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") and, in the opinion of the Company, include all adjustments, consisting only of normal recurring items, necessary for a fair presentation of results for each period.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations.  The Company believes that the disclosures made are adequate to make the information presented not misleading.  It is suggested that these financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's latest Annual Report.  The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.
	In the course of closing the Company’s books for April 2014, the Company discovered certain accounting irregularities relating to the quarter ended March 28, 2014, at its Belgian subsidiary, Twin Disc International S.A. (“TWINSA”). Specifically, the number of hours worked on manufacturing certain products included in TWINSA’s inventory was artificially inflated. The value of those hours totaled $82,000, and have been properly reflected as cost of goods sold in the Company's statement of operations for the quarter ended March 28, 2014.  Prior to the filing of this Form 10-Q, the Company's Audit Committee completed an investigation of the accounting irregularities.  The investigation did not identify any additional irregularities requiring adjustment to the Company's current or prior financial statements.  The Company has taken appropriate actions related to certain of the personnel involved, and is considering what further actions may be necessary, which will likely include additional training and controls.
	During the first quarter of fiscal 2014, the Company recorded out-of-period adjustments related to the correction of errors identified late in the year-end closing process of fiscal 2013 that were deemed immaterial for adjustment to the fiscal 2013 financial statements.  The impact of these corrections to the fiscal 2014 first quarter and nine month results was to increase earnings before income taxes and noncontrolling interest by $437,000 and increase net earnings attributable to Twin Disc by $69,000 (after considering applicable tax effects).  The nature of these errors is as follows:
	•	The Company had over accrued for certain payroll related items totaling $337,000 as of June 30, 2013, resulting in an increase to earnings from operations.
	•	The Company had overstated its warranty accrual by $217,000 as of June 30, 2013, resulting in an increase to earnings from operations.
	•	The Company determined that work-in-process inventory had been overstated by $117,000 as of June 30, 2013.  As a result, additional cost of goods sold was recorded in the first quarter of fiscal 2014, resulting in a decrease to earnings from operations.
	•	The Company's deferred tax liabilities were understated by $285,000 as of June 30, 2013, resulting in additional tax expense.
	The Company does not believe these errors are material to its financial statements for any prior period, nor that the correction of these errors is material to the nine months ended March 28, 2014 or its projected full year results for fiscal 2014.
	New Accounting Releases
	In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance stating that, except in certain defined circumstances, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward.  This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2013 (the Company's fiscal 2015).  The adoption of this guidance is not expected to have a material impact on the Company's financial disclosures.
	In March 2013, the FASB issued guidance on the parent company's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity.  This guidance clarifies the circumstances under which the related cumulative translation adjustment should be released into net income.  This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2013 (the Company's fiscal 2015).  The adoption of this guidance is not expected to have a material impact on the Company's financial results.

Inventory

Inventory	9 Months Ended
	Mar. 28, 2014
Inventory [Abstract]	'
Inventory	'
	B.	Inventory
	The major classes of inventories were as follows (in thousands):
			March 28,		June 30,
			2014		2013
	Inventories:
	Finished parts		$	69,364	$	68,594
	Work in process			13,469		11,880
	Raw materials			22,216		22,300
			$	105,049	$	102,774

Warranty

Warranty	9 Months Ended
	Mar. 28, 2014
Warranty [Abstract]	'
Warranty	'
	C.            Warranty
	The Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its suppliers.  However, its warranty obligation is affected by product failure rates, the number of units affected by the failure and the expense involved in satisfactorily addressing the situation.  The warranty reserve is established based on our best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date.  When evaluating the adequacy of the reserve for warranty costs, management takes into consideration the term of the warranty coverage, historical claim rates and costs of repair, knowledge of the type and volume of new products and economic trends.  While we believe the warranty reserve is adequate and that the judgment applied is appropriate, such amounts estimated to be due and payable in the future could differ materially from what actually transpires.  The following is a listing of the activity in the warranty reserve during the three and nine month periods ended March 28, 2014 and March 29, 2013 (in thousands):
		Three Months Ended						Nine Months Ended
		Mar. 28,			Mar. 29,			Mar. 28,			Mar. 29,
		2014			2013			2014			2013
	Reserve balance, beginning of period	$	5,800		$	5,533		$	5,701		$	5,745
	Current period expense		399			561			1,541			2,528
	Payments or credits to customers		(498	)		(706	)		(1,646	)		(2,957	)
	Foreign currency translation		11			(39	)		116			33
	Reserve balance, end of period	$	5,712		$	5,349		$	5,712		$	5,349
	The current portion of the warranty accrual ($3,766,000) is reflected in accrued liabilities, while the long-term portion ($1,946,000) is included in other long-term liabilities on the Consolidated Balance Sheets as of March 28, 2014.

Contingencies

Contingencies	9 Months Ended
	Mar. 28, 2014
Contingencies [Abstract]	'
Contingencies	'
	D.	Contingencies
	The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, is not presently determinable.  Management believes that final disposition of such litigation will not have a material impact on the Company's results of operations, financial position or cash flows.

Business_Segments

Business Segments	9 Months Ended
	Mar. 28, 2014
Business Segments [Abstract]	'
Business Segments	'
	E.            Business Segments
	The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy duty off-highway power transmission equipment.  Principal products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.  The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.
	The Company has two reportable segments: manufacturing and distribution. These segments are managed separately because each provides different services and requires different technology and marketing strategies. The accounting practices of the segments are the same as those described in the summary of significant accounting policies included in the Company's Annual Report on Form 10-K. Transfers among segments are at established inter-company selling prices.  Management evaluates the performance of its segments based on net earnings.
	Information about the Company's segments is summarized as follows (in thousands):
		Three Months Ended						Nine Months Ended
		Mar. 28,			Mar. 29,			Mar. 28,			Mar. 29,
		2014			2013			2014			2013
	Manufacturing segment sales	$	52,957		$	56,678		$	163,224		$	181,874
	Distribution segment sales		28,441			31,237			90,018			95,982
	Inter/Intra segment elimination - manufacturing		(18,233	)		(15,124	)		(54,452	)		(54,203	)
	Inter/Intra segment elimination - distribution		(2,460	)		(4,559	)		(8,447	)		(14,302	)
	Net sales	$	60,705		$	68,232		$	190,343		$	209,351
	Manufacturing segment net earnings	$	(9	)	$	(75	)	$	3,662		$	7,814
	Distribution segment net earnings		1,516			2,105			4,818			4,808
	Corporate and eliminations		(1,982	)		(2,787	)		(7,160	)		(8,787	)
	Net (loss) earnings attributable to Twin Disc	$	(475	)	$	(757	)	$	1,320		$	3,835
		Mar. 28,			June 30,
	Assets		2014			2013
	Manufacturing segment assets	$	264,308		$	258,617
	Distribution segment assets		56,340			56,965
	Corporate assets and elimination
	of intercompany assets		(44,802	)		(30,124	)
	Total assets	$	275,846		$	285,458

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 28, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	F.	Stock-Based Compensation
	In the first nine months of fiscal 2014 and 2013, the Company granted a target number of 43,154 and 28,255 performance stock unit awards, respectively, to various employees of the Company, including executive officers.  The performance stock unit awards granted in fiscal 2014 will vest if the Company achieves a specified target objective relating to consolidated economic profit (as defined in the Performance Stock Unit Award Grant Agreement) in the cumulative three fiscal year period ending June 30, 2016.  The performance stock unit awards granted in fiscal 2014 are subject to adjustment if the Company's economic profit for the period falls below or exceeds the specified target objective, and the maximum number of performance stock units that can be awarded if the target objective is exceeded is 25,943.  Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing the performance stock unit awards granted in fiscal 2014.  The performance stock unit awards granted in fiscal 2013 will vest if the Company achieves a specified target objective relating to consolidated economic profit (as defined in the Performance Stock Unit Award Grant Agreement) in the cumulative three fiscal year period ending June 30, 2015.  The performance stock unit awards granted in fiscal 2013 are subject to adjustment if the Company's economic profit for the period falls below or exceeds the specified target objective, and the maximum number of performance stock units that can be awarded if the target objective is exceeded is 23,449.  Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing the performance stock unit awards granted in fiscal 2013 and has reversed previously recognized expenses related to these awards during the second quarter of fiscal 2013.  There were 54,874 and 161,734 unvested stock unit awards outstanding at March 28, 2014 and March 29, 2013, respectively.  The weighted average grant date fair value of the unvested awards at March 28, 2014 was $26.65.  The performance stock unit awards are remeasured at fair-value based upon the Company's stock price at the end of each reporting period.  The fair-value of the stock unit awards are expensed over the performance period for the shares that are expected to ultimately vest.  The compensation expense for the three and nine months ended March 28, 2014, related to the performance stock unit awards were $0.  The compensation expense for the three and nine months ended March 29, 2013, related to the performance stock unit awards, approximated $988,000 and $1,108,000 respectively.  At March 28, 2014, the Company had $1,436,000 of unrecognized compensation expense related to the unvested shares that would vest if the specified target objective was achieved for the fiscal 2014, 2013 and 2012 awards.  The total fair value of performance stock unit awards vested as of March 28, 2014 and March 29, 2013 were $0.  The performance stock unit awards are cash based, and are thus recorded as a liability on the Company's Consolidated Balance Sheets.  As of March 28, 2014, these awards are $0.  As of June 30, 2013, these awards are included in "Accrued liabilities" ($2,787,000) due to the awards having a performance period ending in less than one year.
	In the first nine months of fiscal 2014 and 2013, the Company granted a target number of 17,312 and 28,535 performance stock awards, respectively, to various employees of the Company, including executive officers.  The performance stock awards granted in fiscal 2014 will vest if the Company achieves a specified target objective relating to consolidated economic profit (as defined in the Performance Stock Award Grant Agreement) in the cumulative three fiscal year period ending June 30, 2016.  The performance stock awards granted in fiscal 2014 are subject to adjustment if the Company's economic profit for the period falls below or exceeds the specified target objective, and the maximum number of performance shares that can be awarded if the target objective is exceeded is 20,774.  Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing the performance stock awards granted in fiscal 2014. The performance stock awards granted in fiscal 2013 will vest if the Company achieves a specified target objective relating to consolidated economic profit (as defined in the Performance Stock Award Grant Agreement) in the cumulative three fiscal year period ending June 30, 2015.  The performance stock awards granted in fiscal 2013 are subject to adjustment if the Company's economic profit for the period falls below or exceeds the specified target objective, and the maximum number of performance shares that can be awarded if the target objective is exceeded is 32,880.  Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing the performance stock awards granted in fiscal 2013 and has reversed previously recognized expenses related to these awards during the second quarter of fiscal 2013.  There were 59,453 and 130,926 unvested stock awards outstanding at March 28, 2014 and March 29, 2013, respectively.  The fair value of the stock awards (on the date of grant) is expensed over the performance period for the shares that are expected to ultimately vest.  The compensation expense for the three and nine months ended March 28, 2014, related to performance stock awards were $0.  The compensation expense for the three and nine months ended March 29, 2013, related to performance stock awards, approximated $97,000 and $112,000, respectively. The weighted average grant date fair value of the unvested awards at March 28, 2014 was $26.12.  At March 28, 2014, the Company had $1,553,000 of unrecognized compensation expense related to the unvested shares that would vest if the specified target objective was achieved for the fiscal 2014, 2013 and 2012 awards. The total fair value of performance stock awards vested as of March 28, 2014 and March 29, 2013 were $0.
	In addition to the performance shares mentioned above, the Company has unvested restricted stock outstanding that will vest if certain service conditions are fulfilled.  The fair value of the restricted stock grants is recorded as compensation over the vesting period, which is generally 1 to 4 years.  During the nine months of fiscal 2014 and 2013, the Company granted 51,004 and 83,729 service based restricted shares, respectively, to employees and non-employee directors in each year.  There were 119,297 and 220,343 unvested shares outstanding at March 28, 2014 and March 29, 2013, respectively.  The compensation expense for the three and nine months ended March 28, 2014, related to these service-based awards approximated $308,000 and $934,000, respectively.  The compensation expense for the three and nine months ended March 29, 2013, related to these service-based awards approximated $403,000 and $1,191,000, respectively.  The total fair value of restricted stock grants vested as of March 28, 2014 and March 29, 2013 was $3,053,000 and $2,177,000, respectively.  As of March 28, 2014, the Company had $1,478,000 of unrecognized compensation expense related to restricted stock which will be recognized over the next three years.

Pension_and_Other_Postretireme

Pension and Other Postretirement Benefit Plans	9 Months Ended
	Mar. 28, 2014
Pension and Other Postretirement Benefit Plans [Abstract]	'
Pension and Other Postretirement Benefit Plans	'
	G.            Pension and Other Postretirement Benefit Plans
	The Company has non-contributory, qualified defined benefit plans covering substantially all domestic employees hired prior to October 1, 2003 and certain foreign employees.  Additionally, the Company provides health care and life insurance benefits for certain domestic retirees.  Components of net periodic benefit cost for the defined benefit pension plans and the other postretirement benefit plan are as follows (in thousands):
		Three Months Ended						Nine Months Ended
		Mar. 28,			Mar. 29,			Mar. 28,			Mar. 29,
		2014			2013			2014			2013
	Pension Benefits:
	Service cost	$	135		$	88		$	402		$	257
	Interest cost		1,357			1,334			4,068			3,996
	Expected return on plan assets		(1,648	)		(1,598	)		(4,942	)		(4,785	)
	Amortization of transition obligation		19			9			57			27
	Amortization of net actuarial loss		714			845			2,141			2,536
	Net periodic benefit cost	$	577		$	678		$	1,726		$	2,031
	Postretirement Benefits:
	Service cost	$	9		$	8		$	28		$	25
	Interest cost		165			191			494			574
	Amortization of net actuarial loss		150			198			451			594
	Net periodic benefit cost	$	324		$	397		$	973		$	1,193
	The Company expects to contribute approximately $2,632,000 to its pension plans in fiscal 2014.  As of March 28, 2014, $1,890,000 in contributions have been made.
	The Company has reclassified $528,000 (net of $354,000 in taxes) and $1,506,000 (net of $1,060,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the three and nine months ended March 28, 2014.  The Company has reclassified $676,000 (net of $376,000 in taxes) and $1,996,000 (net of $1,160,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the three and nine months ended March 29, 2013.  These reclassifications are included in the computation of net periodic benefit cost.

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 28, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	H.	Income Taxes
	The effective tax rate for the first nine months of fiscal 2014 is 66.6%, which is higher than the prior year's 46.6%.  The fiscal 2014 rate reflects the impact of the valuation allowance on a continued reduced earnings base and increased net foreign earnings.  Decreased domestic sales were offset by a reduced Section 199 benefit and reduced research and development tax credit resulting from the expiration of the credit.
	The Company maintains valuation allowances when it is more likely than not that all or a portion of a deferred tax asset will not be realized.  Changes in valuation allowances from period to period are included in the tax provision in the period of change.  In determining whether a valuation allowance is required, the Company takes into account such factors as prior earnings history, expected future earnings, carry-back and carry-forward periods, and tax strategies that could potentially enhance the likelihood of realization of a deferred tax asset.   Due to recent operating losses in a certain foreign jurisdiction, the Company has evaluated the realizability of the net deferred tax assets related to this jurisdiction.  This evaluation concluded that, based primarily upon recent losses in this jurisdiction and failure to achieve targeted levels of improvement, a full valuation allowance continues to be necessary.
	The Company has not provided additional U.S. income taxes on cumulative earnings of consolidated foreign subsidiaries that are considered to be reinvested indefinitely.  The Company reaffirms its position that these earnings remain permanently invested, and has no plans to repatriate funds to the U.S. for the foreseeable future.  Such earnings could become taxable upon the sale or liquidation of these foreign subsidiaries or upon dividend repatriation.  It is not practicable to estimate the amount of unrecognized withholding taxes and deferred tax liability on such earnings.  The Company's intent is for such earnings to be reinvested by the subsidiaries or to be repatriated only when it would be tax effective through the utilization of foreign tax credits.
	Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with the estimated annual effective tax rate.  Under this effective tax rate methodology, the Company applies an estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter.  The impact of the Company's operations in certain foreign locations is removed from the overall effective tax rate methodology and recorded directly based upon year-to-date results as these operations anticipate net operating losses for the year for which no tax benefit can be recognized.
	The Company has approximately $1,900,000 of unrecognized tax benefits, including related interest and penalties, as of March 28, 2014, which if recognized, would favorably impact the effective tax rate.  There was no significant change in the total unrecognized tax benefits due to the settlement of audits or the expiration of statutes of limitations during the quarter ended March 28, 2014.  It is reasonably possible that the amount of unrecognized tax benefits could change in the next twelve months due to on-going audit activity.
	Annually, the Company files income tax returns in various taxing jurisdictions inside and outside the United States.  In general, the tax years that remain subject to examination are 2009 through 2013 for the major operations in Italy, Belgium and Japan.  The tax years open to federal examination in the U.S. are for the years subsequent to fiscal 2011.  The state of Wisconsin income tax audit remains ongoing for fiscal years 2001 through 2009.  It is reasonably possible that at least one of these audit cycles will be completed during fiscal 2014.

Goodwill_and_Other_Intangibles

Goodwill and Other Intangibles	9 Months Ended
	Mar. 28, 2014
Goodwill and Other Intangibles [Abstract]	'
Goodwill and Other Intangibles	'
	I.    Goodwill and Other Intangibles
	The changes in the carrying amount of goodwill, all of which is allocated to the manufacturing segment, for the nine months ended March 28, 2014 were as follows (in thousands):
	Balance at June 30, 2013	$	13,232
	Translation adjustment		294
	Balance at March 28, 2014	$	13,526
	The gross carrying amount and accumulated amortization of the Company's intangible assets that have definite useful lives and are subject to amortization as of March 28, 2014 and June 30, 2013 were as follows (in thousands):
		March 28,			June 30,
		2014			2013
	Intangible assets with finite lives:
	Licensing agreements	$	3,015		$	3,015
	Non-compete agreements		2,050			2,050
	Trade name		2,596			-
	Other		5,991			5,991
			13,652			11,056
	Accumulated amortization		(9,657	)		(9,301	)
	Accumulated impairment charge		(1,277	)		(1,277	)
	Foreign currency translation		2			546
	Total	$	2,720		$	1,024
	The weighted average remaining useful life of the intangible assets included in the table above is approximately 16 years.
	Intangible amortization expense was $121,000 and $356,000 for the three and nine months ended March 28, 2014, and $184,000 and $538,000 for the three and nine months ended March 29, 2013, respectively. Estimated intangible amortization expense for the remainder of fiscal 2014 and each of the next five fiscal years is as follows (in thousands):
	Fiscal Year
	2014	$	121
	2015		253
	2016		166
	2017		162
	2018		162
	2019		162
	The gross carrying amount of the Company's intangible assets that have indefinite lives and are not subject to amortization as of March 28, 2014 and June 30, 2013 are $227,000 and $2,125,000, respectively.  These assets are comprised of acquired trade names.  Based on the Company's reassessment of the useful lives assigned to intangible assets during the first quarter, it was determined that certain indefinite lived trade names should be reclassified to definite lived.  As such, the Company assigned a 20-year useful life to the trade names.

Longterm_Debt

Long-term Debt	9 Months Ended
	Mar. 28, 2014
Long-term Debt [Abstract]	'
Long-term Debt	'
	J.	Long-term Debt
	Long-term debt at March 28, 2014 and June 30, 2013 consisted of the following (in thousands):
			March 28,			June 30,
			2014			2013
	Revolving loan		$	14,250		$	16,300
	10-year unsecured senior notes			10,714			10,714
	Other			83			139
	Subtotal			25,047			27,153
	Less: current maturities and short-term borrowings			(3,625	)		(3,681	)
	Total long-term debt		$	21,422		$	23,472
	The revolving loan and unsecured senior notes listed above are subject to certain covenants, including restrictions on investments, acquisitions and indebtedness.  Financial covenants, as defined, include a minimum consolidated net worth, a minimum EBITDA for the most recent four fiscal quarters, and a maximum total funded debt to EBITDA ratio.  As of March 28, 2014, the Company was in compliance with these covenants. However, due to the Company’s late filing of its Form 10-Q for the third quarter of fiscal 2014, it was not able to comply with its covenants under the revolving loan and unsecured senior notes to provide quarterly financial statements for the quarter ended March 28, 2014, and to provide a Compliance Certificate demonstrating compliance with financial covenants, by May 12, 2014.  The Company received consents from the lender and the holders of the notes delaying the Company’s obligation to provide such financial statements and Compliance Certificates until June 20, 2014.  The Company complied with these covenants by providing the lender and the holders of the notes with its quarterly financial statements for the quarter ended March 28, 2014 and Compliance Certificates on June 20, 2014.
	The fair value of long-term debt is estimated by discounting the future cash flows at rates offered to the Company for similar debt instruments of comparable maturities.  This rate was represented by the US Treasury Three-Year Yield Curve Rate (0.93% and 0.66% for March 28, 2014 and June 30, 2013, respectively), plus the current add-on related to the revolving loan agreement (1.65% for March 28, 2014 and June 30, 2013) resulting in a total rate of 2.58% and 2.31% for March 28, 2014 and June 30, 2013, respectively.   The fair value of the Company's 10-year unsecured senior notes due April 10, 2016 was approximately $11,214,000 and $11,536,000 at March 28, 2014 and June 30, 2013, respectively.  The Company's revolving loan agreement approximates fair value at March 28, 2014 and June 30, 2013.  If measured at fair value in the financial statements, long-term debt (including the current portion) would be classified as Level 2 in the fair value hierarchy.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Mar. 28, 2014
Shareholders' Equity [Abstract]	'
Shareholders' Equity	'
	K.	Shareholders' Equity
	On February 1, 2008, the Board of Directors authorized the purchase of 500,000 shares of Common Stock at market values.  On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values.  These authorizations have no expiration.  The Company made open market purchases of 125,000 shares of its outstanding Common Stock during fiscal 2012 and 185,000 shares during fiscal 2013.
	The following is a reconciliation of the Company's equity balances for the first fiscal nine months of 2013 and 2014 (in thousands):
			Twin Disc, Inc. Shareholders' Equity
									Accumulated
									Other						Non-
			Common			Retained			Comprehensive			Treasury			Controlling			Total
			Stock			Earnings			Income (Loss)			Stock			Interest			Equity
	Balance –June 30, 2012		$	12,759		$	184,306		$	(34,797	)	$	(26,781	)	$	1,022		$	136,509
	Net income						3,835									243			4,078
	Translation adjustments									2,557						(37	)		2,520
	Benefit plan adjustments, net of tax									1,996									1,996
	Cash dividends						(3,067	)								(205	)		(3,272	)
	Compensation expense and
	windfall tax benefits			2,579															2,579
	Shares (acquired) issued, net			(2,937	)								(1,642	)					(4,579	)
	Balance-March 29, 2013		$	12,401		$	185,074		$	(30,244	)	$	(28,423	)	$	1,023		$	139,831
			Twin Disc, Inc. Shareholders' Equity
									Accumulated
									Other						Non-
			Common			Retained			Comprehensive			Treasury			Controlling			Total
			Stock			Earnings			Income (Loss)			Stock			Interest			Equity
	Balance-June 30, 2013		$	13,183		$	184,110		$	(25,899	)	$	(28,890	)	$	1,058		$	143,562
	Net income						1,320									168			1,488
	Translation adjustments									4,137						(84	)		4,053
	Benefit plan adjustments, net of tax									1,506									1,506
	Cash dividends						(3,045	)								(487	)		(3,532	)
	Compensation expense and
	windfall tax benefits			1,457															1,457
	Shares (acquired) issued, net			(2,964	)								795						(2,169	)
	Balance-March 28, 2014		$	11,676		$	182,385		$	(20,256	)	$	(28,095	)	$	655		$	146,365

Restructuring_of_Operations

Restructuring of Operations	9 Months Ended
	Mar. 28, 2014
Restructuring of Operations [Abstract]	'
Restructuring of Operations	'
	L.	Restructuring of Operations
	During the first quarter of fiscal 2014, the Company recorded a pre-tax restructuring charge of $1,094,000 representing the incremental cost above the minimum legal indemnity for a targeted workforce reduction at its Belgian operation, following finalization of negotiations with the local labor union.  The minimum legal indemnity of $548,000 was recorded in the fourth quarter of fiscal 2013, upon announcement of the intended restructuring action.  During the first nine months of fiscal 2014, the Company made cash payments of $832,000, resulting in an accrual balance at March 28, 2014 of $856,000.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 28, 2014
Basis of Presentation [Abstract]	'
New Accounting Releases	'
	New Accounting Releases
	In July 2013, the Financial Accounting Standards Board ("FASB") issued guidance stating that, except in certain defined circumstances, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward.  This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2013 (the Company's fiscal 2015).  The adoption of this guidance is not expected to have a material impact on the Company's financial disclosures.
	In March 2013, the FASB issued guidance on the parent company's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity.  This guidance clarifies the circumstances under which the related cumulative translation adjustment should be released into net income.  This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2013 (the Company's fiscal 2015).  The adoption of this guidance is not expected to have a material impact on the Company's financial results.

Inventory_Tables

Inventory (Tables)	9 Months Ended
	Mar. 28, 2014
Inventory [Abstract]	'
Major Classes of Inventories	'
	The major classes of inventories were as follows (in thousands):
		March 28,		June 30,
		2014		2013
	Inventories:
	Finished parts	$	69,364	$	68,594
	Work in process		13,469		11,880
	Raw materials		22,216		22,300
		$	105,049	$	102,774

Warranty_Tables

Warranty (Tables)	9 Months Ended
	Mar. 28, 2014
Warranty [Abstract]	'
Warranty Reserve	'
	The following is a listing of the activity in the warranty reserve during the three and nine month periods ended March 28, 2014 and March 29, 2013 (in thousands):
		Three Months Ended						Nine Months Ended
		Mar. 28,			Mar. 29,			Mar. 28,			Mar. 29,
		2014			2013			2014			2013
	Reserve balance, beginning of period	$	5,800		$	5,533		$	5,701		$	5,745
	Current period expense		399			561			1,541			2,528
	Payments or credits to customers		(498	)		(706	)		(1,646	)		(2,957	)
	Foreign currency translation		11			(39	)		116			33
	Reserve balance, end of period	$	5,712		$	5,349		$	5,712		$	5,349
	The current portion of the warranty accrual ($3,766,000) is reflected in accrued liabilities, while the long-term portion ($1,946,000) is included in other long-term liabilities on the Consolidated Balance Sheets as of March 28, 2014.

Business_Segments_Tables

Business Segments (Tables)	9 Months Ended
	Mar. 28, 2014
Business Segments [Abstract]	'
Summarized Information about Company's Segments	'
	Information about the Company's segments is summarized as follows (in thousands):
		Three Months Ended						Nine Months Ended
		Mar. 28,			Mar. 29,			Mar. 28,			Mar. 29,
		2014			2013			2014			2013
	Manufacturing segment sales	$	52,957		$	56,678		$	163,224		$	181,874
	Distribution segment sales		28,441			31,237			90,018			95,982
	Inter/Intra segment elimination - manufacturing		(18,233	)		(15,124	)		(54,452	)		(54,203	)
	Inter/Intra segment elimination - distribution		(2,460	)		(4,559	)		(8,447	)		(14,302	)
	Net sales	$	60,705		$	68,232		$	190,343		$	209,351
	Manufacturing segment net earnings	$	(9	)	$	(75	)	$	3,662		$	7,814
	Distribution segment net earnings		1,516			2,105			4,818			4,808
	Corporate and eliminations		(1,982	)		(2,787	)		(7,160	)		(8,787	)
	Net (loss) earnings attributable to Twin Disc	$	(475	)	$	(757	)	$	1,320		$	3,835
		Mar. 28,			June 30,
	Assets		2014			2013
	Manufacturing segment assets	$	264,308		$	258,617
	Distribution segment assets		56,340			56,965
	Corporate assets and elimination
	of intercompany assets		(44,802	)		(30,124	)
	Total assets	$	275,846		$	285,458

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Mar. 28, 2014
Pension and Other Postretirement Benefit Plans [Abstract]	'
Components of Net Periodic Benefit Cost	'
	Components of net periodic benefit cost for the defined benefit pension plans and the other postretirement benefit plan are as follows (in thousands):
		Three Months Ended						Nine Months Ended
		Mar. 28,			Mar. 29,			Mar. 28,			Mar. 29,
		2014			2013			2014			2013
	Pension Benefits:
	Service cost	$	135		$	88		$	402		$	257
	Interest cost		1,357			1,334			4,068			3,996
	Expected return on plan assets		(1,648	)		(1,598	)		(4,942	)		(4,785	)
	Amortization of transition obligation		19			9			57			27
	Amortization of net actuarial loss		714			845			2,141			2,536
	Net periodic benefit cost	$	577		$	678		$	1,726		$	2,031
	Postretirement Benefits:
	Service cost	$	9		$	8		$	28		$	25
	Interest cost		165			191			494			574
	Amortization of net actuarial loss		150			198			451			594
	Net periodic benefit cost	$	324		$	397		$	973		$	1,193

Goodwill_and_Other_Intangibles1

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Mar. 28, 2014
Goodwill and Other Intangibles [Abstract]	'
Changes in Carrying Amount of Goodwill	'
	The changes in the carrying amount of goodwill, all of which is allocated to the manufacturing segment, for the nine months ended March 28, 2014 were as follows (in thousands):
	Balance at June 30, 2013	$	13,232
	Translation adjustment		294
	Balance at March 28, 2014	$	13,526
Acquired Intangible Assets with Finite Lives	'
	The gross carrying amount and accumulated amortization of the Company's intangible assets that have definite useful lives and are subject to amortization as of March 28, 2014 and June 30, 2013 were as follows (in thousands):
		March 28,			June 30,
		2014			2013
	Intangible assets with finite lives:
	Licensing agreements	$	3,015		$	3,015
	Non-compete agreements		2,050			2,050
	Trade name		2,596			-
	Other		5,991			5,991
			13,652			11,056
	Accumulated amortization		(9,657	)		(9,301	)
	Accumulated impairment charge		(1,277	)		(1,277	)
	Foreign currency translation		2			546
	Total	$	2,720		$	1,024
Estimated Intangible Amortization Expense	'
	Estimated intangible amortization expense for the remainder of fiscal 2014 and each of the next five fiscal years is as follows (in thousands):
	Fiscal Year
	2014	$	121
	2015		253
	2016		166
	2017		162
	2018		162
	2019		162

Longterm_Debt_Tables

Long-term Debt (Tables)	9 Months Ended
	Mar. 28, 2014
Long-term Debt [Abstract]	'
Long-term Debt	'
	Long-term debt at March 28, 2014 and June 30, 2013 consisted of the following (in thousands):
		March 28,			June 30,
		2014			2013
	Revolving loan	$	14,250		$	16,300
	10-year unsecured senior notes		10,714			10,714
	Other		83			139
	Subtotal		25,047			27,153
	Less: current maturities and short-term borrowings		(3,625	)		(3,681	)
	Total long-term debt	$	21,422		$	23,472

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	9 Months Ended
	Mar. 28, 2014
Shareholders' Equity [Abstract]	'
Reconciliation of Equity Balances	'
	The following is a reconciliation of the Company's equity balances for the first fiscal nine months of 2013 and 2014 (in thousands):
		Twin Disc, Inc. Shareholders' Equity
								Accumulated
								Other						Non-
		Common			Retained			Comprehensive			Treasury			Controlling			Total
		Stock			Earnings			Income (Loss)			Stock			Interest			Equity
	Balance –June 30, 2012	$	12,759		$	184,306		$	(34,797	)	$	(26,781	)	$	1,022		$	136,509
	Net income					3,835									243			4,078
	Translation adjustments								2,557						(37	)		2,520
	Benefit plan adjustments, net of tax								1,996									1,996
	Cash dividends					(3,067	)								(205	)		(3,272	)
	Compensation expense and
	windfall tax benefits		2,579															2,579
	Shares (acquired) issued, net		(2,937	)								(1,642	)					(4,579	)
	Balance-March 29, 2013	$	12,401		$	185,074		$	(30,244	)	$	(28,423	)	$	1,023		$	139,831
		Twin Disc, Inc. Shareholders' Equity
								Accumulated
								Other						Non-
		Common			Retained			Comprehensive			Treasury			Controlling			Total
		Stock			Earnings			Income (Loss)			Stock			Interest			Equity
	Balance-June 30, 2013	$	13,183		$	184,110		$	(25,899	)	$	(28,890	)	$	1,058		$	143,562
	Net income					1,320									168			1,488
	Translation adjustments								4,137						(84	)		4,053
	Benefit plan adjustments, net of tax								1,506									1,506
	Cash dividends					(3,045	)								(487	)		(3,532	)
	Compensation expense and
	windfall tax benefits		1,457															1,457
	Shares (acquired) issued, net		(2,964	)								795						(2,169	)
	Balance-March 28, 2014	$	11,676		$	182,385		$	(20,256	)	$	(28,095	)	$	655		$	146,365

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 27, 2013	Mar. 28, 2014
Basis of Presentation [Abstract]	'	'
Value of inflated hours, hours included in inventory	'	$82,000
Revision of Prior Period Financial Statements [Abstract]	'	'
Impact of errors correction on earnings	437,000	437,000
Impact of errors correction on earnings net of tax attributable to parent	69,000	69,000
Overstatement of Payroll Accrual [Member]	'	'
Revision of Prior Period Financial Statements [Abstract]	'	'
Impact of errors correction on earnings	'	337,000
Overstatement of Warranty Accrual [Member]	'	'
Revision of Prior Period Financial Statements [Abstract]	'	'
Impact of errors correction on earnings	'	217,000
Overstatement of Work in Progress Inventory [Member]	'	'
Revision of Prior Period Financial Statements [Abstract]	'	'
Impact of errors correction on earnings	'	-117,000
Understatement of Deferred tax liabilities [Member]	'	'
Revision of Prior Period Financial Statements [Abstract]	'	'
Impact of errors correction on earnings	'	$285,000

Inventory_Details

Inventory (Details) (USD $)	Mar. 28, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Major classes of inventories [Abstract]	'	'
Finished parts	$69,364	$68,594
Work in process	13,469	11,880
Raw materials	22,216	22,300
Total Inventories	$105,049	$102,774

Warranty_Details

Warranty (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013
Activity in warranty reserve [Abstract]	'	'	'	'
Reserve balance, beginning of period	$5,800,000	$5,533,000	$5,701,000	$5,745,000
Current period expense	399,000	561,000	1,541,000	2,528,000
Payments or credits to customers	-498,000	-706,000	-1,646,000	-2,957,000
Foreign currency translation	11,000	-39,000	116,000	33,000
Reserve balance, end of period	5,712,000	5,349,000	5,712,000	5,349,000
Current portion of warranty accrual	-3,766,000	'	-3,766,000	'
Long-term portion of warranty accrual	($1,946,000)	'	($1,946,000)	'

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013	Jun. 30, 2013
			Segment
Business Segments [Abstract]	'	'	'	'	'
Number of reportable segments	'	'	2	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	$60,705	$68,232	$190,343	$209,351	'
Net (loss) earnings attributable to Twin Disc	-475	-757	1,320	3,835	'
Assets	275,846	'	275,846	'	285,458
Corporate and Eliminations [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net (loss) earnings attributable to Twin Disc	-1,982	-2,787	-7,160	-8,787	'
Assets	-44,802	'	-44,802	'	-30,124
Manufacturing Segment [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	52,957	56,678	163,224	181,874	'
Net (loss) earnings attributable to Twin Disc	-9	-75	3,662	7,814	'
Assets	264,308	'	264,308	'	258,617
Manufacturing Segment [Member] | Inter/Intra Segment Elimination [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	-18,233	-15,124	-54,452	-54,203	'
Distribution Segment [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	28,441	31,237	90,018	95,982	'
Net (loss) earnings attributable to Twin Disc	1,516	2,105	4,818	4,808	'
Assets	56,340	'	56,340	'	56,965
Distribution Segment [Member] | Inter/Intra Segment Elimination [Member]	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	($2,460)	($4,559)	($8,447)	($14,302)	'

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013	Jun. 30, 2013
Performance Stock Unit Awards [Member]	'	'	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'	'	'
Stock awards granted (in shares)	'	'	43,154	28,255	'
Stock awards vesting period	'	'	'3 years	'3 years	'
Number of shares of common stock that can be granted, maximum (in shares)	25,943	23,449	25,943	23,449	'
Unvested stock awards outstanding (in shares)	54,874	161,734	54,874	161,734	'
Compensation cost, recognized	$0	$988,000	$0	$1,108,000	'
Weighted average grant date fair value of unvested awards (in dollars per share)	$26.65	'	$26.65	'	'
Total fair value of stock awards vested	'	'	0	0	'
Accrued liabilities, employee benefits	0	'	0	'	2,787,000
Unrecognized compensation expense related to unvested shares	1,436,000	'	1,436,000	'	'
Performance Stock Awards [Member]	'	'	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'	'	'
Stock awards granted (in shares)	'	'	17,312	28,535	'
Stock awards vesting period	'	'	'3 years	'3 years	'
Number of shares of common stock that can be granted, maximum (in shares)	20,774	32,880	20,774	32,880	'
Unvested stock awards outstanding (in shares)	59,453	130,926	59,453	130,926	'
Compensation cost, recognized	0	97,000	0	112,000	'
Weighted average grant date fair value of unvested awards (in dollars per share)	$26.12	'	$26.12	'	'
Total fair value of stock awards vested	'	'	0	0	'
Unrecognized compensation expense related to unvested shares	1,553,000	'	1,553,000	'	'
Restricted Stock [Member]	'	'	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'	'	'
Stock awards granted (in shares)	'	'	51,004	83,729	'
Unvested stock awards outstanding (in shares)	119,297	220,343	119,297	220,343	'
Compensation cost, recognized	308,000	403,000	934,000	1,191,000	'
Total fair value of stock awards vested	'	'	3,053,000	2,177,000	'
Unrecognized compensation expense related to unvested shares	$1,478,000	'	$1,478,000	'	'
Recognition period for unrecognized compensation expense	'	'	'3 years	'	'
Restricted Stock [Member] | Minimum [Member]	'	'	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'	'	'
Stock awards vesting period	'	'	'1 year	'	'
Restricted Stock [Member] | Maximum [Member]	'	'	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'	'	'
Stock awards vesting period	'	'	'4 years	'	'

Pension_and_Other_Postretireme2

Pension and Other Postretirement Benefit Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013
Components of Net Periodic Benefit Cost [Abstract]	'	'	'	'
Benefit plan adjustments, net of tax	$528	$676	$1,506	$1,996
Tax on reclassified benefit plan adjustments from accumulated other comprehensive loss	354	376	1,060	1,160
Pension Benefits [Member]	'	'	'	'
Components of Net Periodic Benefit Cost [Abstract]	'	'	'	'
Service cost	135	88	402	257
Interest cost	1,357	1,334	4,068	3,996
Expected return on plan assets	-1,648	-1,598	-4,942	-4,785
Amortization of transition obligation	19	9	57	27
Amortization of net actuarial loss	714	845	2,141	2,536
Net periodic benefit cost	577	678	1,726	2,031
Expected contributions to its pension plan in 2014	'	'	2,632	'
Contributions made during period	'	'	1,890	'
Postretirement Benefits [Member]	'	'	'	'
Components of Net Periodic Benefit Cost [Abstract]	'	'	'	'
Service cost	9	8	28	25
Interest cost	165	191	494	574
Amortization of net actuarial loss	150	198	451	594
Net periodic benefit cost	$324	$397	$973	$1,193

Income_Taxes_Details

Income Taxes (Details) (USD $)	9 Months Ended
	Mar. 28, 2014	Mar. 29, 2013
Income Taxes [Abstract]	'	'
Effective income tax rate (in hundredths)	66.60%	46.60%
Unrecognized tax benefits if recognized would favorably impact effective tax rate	$1,900,000	'
Italy, Canada, Belgium, and Japan [Member]	'	'
Income Tax Examination [Line Items]	'	'
Tax years that remain subject to examination	'2009 through 2013	'
U.S. [Member]	'	'
Income Tax Examination [Line Items]	'	'
Tax years that remain subject to examination	'subsequent to fiscal 2011	'
Wisconsin State [Member]	'	'
Income Tax Examination [Line Items]	'	'
Tax years that remain subject to examination	'2001 through 2009	'

Goodwill_and_Other_Intangibles2

Goodwill and Other Intangibles (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 28, 2014	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013	Jun. 30, 2013
Goodwill [Roll Forward]	'	'	'	'	'
Balance at June 30, 2013	'	'	$13,232,000	'	'
Translation adjustment	'	'	294,000	'	'
Net balance at March 28, 2014	13,526,000	'	13,526,000	'	13,232,000
Intangible assets with finite lives [Abstract]	'	'	'	'	'
Licensing agreements	3,015,000	'	3,015,000	'	3,015,000
Non-compete agreements	2,050,000	'	2,050,000	'	2,050,000
Trade name	2,596,000	'	2,596,000	'	0
Other	5,991,000	'	5,991,000	'	5,991,000
Intangible assets, gross	13,652,000	'	13,652,000	'	11,056,000
Accumulated amortization	-9,657,000	'	-9,657,000	'	-9,301,000
Accumulated impairment charge	'	'	-1,277,000	'	-1,277,000
Foreign currency translation	'	'	2,000	'	546,000
Total	2,720,000	'	2,720,000	'	1,024,000
Weighted average remaining useful life	'	'	'16 years	'	'
Intangible amortization expense	121,000	184,000	356,000	538,000	'
Estimated intangible amortization expense [Abstract]	'	'	'	'	'
2014	121,000	'	121,000	'	'
2015	253,000	'	253,000	'	'
2016	166,000	'	166,000	'	'
2017	162,000	'	162,000	'	'
2018	162,000	'	162,000	'	'
2019	162,000	'	162,000	'	'
Carrying amount of indefinite lived intangible assets, gross	$227,000	'	$227,000	'	$2,125,000
Useful life, Trade Names	'	'	'20 years	'	'

Longterm_Debt_Details

Long-term Debt (Details) (USD $)	9 Months Ended	12 Months Ended
	Mar. 28, 2014	Jun. 30, 2013
	Quarter
Debt Instrument [Line Items]	'	'
Subtotal	$25,047,000	$27,153,000
Less: current maturities and short-term borrowings	-3,625,000	-3,681,000
Total long-term debt	21,422,000	23,472,000
Number of recent quarters considered for minimum EBITDA	4	'
US treasury yield curve rate (in hundredths)	0.93%	0.66%
Add-on-to reference rate to calculate discount rate (in hundredths)	1.65%	1.65%
Total rate of interest (in hundredths)	2.58%	2.31%
Revolving Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Subtotal	14,250,000	16,300,000
10-year Unsecured Senior Notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Subtotal	10,714,000	10,714,000
Maturity period of unsecured senior notes	'10 years	'
Maturity date of note agreement	10-Apr-16	'
Fair value of long term debt	11,214,000	11,536,000
Other [Member]	'	'
Debt Instrument [Line Items]	'	'
Subtotal	$83,000	$139,000

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

In Thousands, except Share data, unless otherwise specified

Mar. 28, 2014

Mar. 29, 2013

Mar. 28, 2014

Mar. 29, 2013

Mar. 28, 2014

Mar. 29, 2013

Jun. 30, 2013

Jun. 30, 2012

Jul. 27, 2012

Feb. 01, 2008

Mar. 28, 2014

Mar. 29, 2013

Mar. 28, 2014

Mar. 29, 2013

Mar. 28, 2014

Mar. 29, 2013

Mar. 28, 2014

Mar. 29, 2013

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Retained Earnings [Member]

Retained Earnings [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Treasury Stock [Member]

Treasury Stock [Member]

Non-Controlling Interest [Member]

Non-Controlling Interest [Member]

Stockholders Equity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares authorize to repurchase (in shares)

'

'

'

'

'

'

'

'

375,000

500,000

'

'

'

'

'

'

'

'

Stock repurchased during period (in shares)

'

'

'

'

'

'

185,000

125,000

'

'

'

'

'

'

'

'

'

'

Balance, beginning of period

'

'

$143,562

$136,509

$13,183

$12,759

$12,759

'

'

'

$184,110

$184,306

($25,899)

($34,797)

($28,890)

($26,781)

$1,058

$1,022

Net income

-442

-608

1,488

4,078

'

'

'

'

'

'

1,320

3,835

'

'

'

'

168

243

Translation adjustments

1,054

-874

4,053

2,520

'

'

'

'

'

'

'

'

4,137

2,557

'

'

-84

-37

Benefit plan adjustments, net of tax

528

676

1,506

1,996

'

'

'

'

'

'

'

'

1,506

1,996

'

'

'

'

Cash dividends

'

'

-3,532

-3,272

'

'

'

'

'

'

-3,045

-3,067

'

'

'

'

-487

-205

Compensation expense and windfall tax benefits

'

'

1,457

2,579

1,457

2,579

'

'

'

'

'

'

'

'

'

'

'

'

Shares (acquired) issued, net

'

'

-2,169

-4,579

-2,964

-2,937

'

'

'

'

'

'

'

'

795

-1,642

'

'

Balance, end of period

$146,365

$139,831

$146,365

$139,831

$11,676

$12,401

$13,183

$12,759

'

'

$182,385

$185,074

($20,256)

($30,244)

($28,095)

($28,423)

$655

$1,023

Restructuring_of_Operations_De

Restructuring of Operations (Details) (USD $)	3 Months Ended			9 Months Ended
	Mar. 28, 2014	Jun. 30, 2013	Mar. 29, 2013	Mar. 28, 2014	Mar. 29, 2013
Restructuring of Operations [Abstract]	'	'	'	'	'
Pre-tax restructuring charge	$0	$548,000	$0	$1,094,000	$0
Cash payments	'	'	'	832,000	'
Accrual balance of restructuring charge	$856,000	'	'	$856,000	'