Twin Disc (TWIN) 10-Q 5 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 26, 2014	Oct. 23, 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	'	11,264,734
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	26-Sep-14	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Sep. 26, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$25,700	$24,757
Trade accounts receivable, net	39,120	40,219
Inventories, net	97,452	97,579
Deferred income taxes	4,677	4,779
Other	11,988	12,763
Total current assets	178,937	180,097
Property, plant and equipment, net	58,980	60,267
Goodwill, net	13,314	13,463
Deferred income taxes	1,434	2,556
Intangible assets, net	2,659	2,797
Other assets	8,227	7,805
Total assets	263,551	266,985
Current liabilities:	'	'
Short-term borrowings and current maturities of long-term debt	3,575	3,604
Accounts payable	20,781	22,111
Accrued liabilities	29,730	31,265
Total current liabilities	54,086	56,980
Long-term debt	19,998	14,800
Accrued retirement benefits	32,734	37,006
Deferred income taxes	1,408	1,778
Other long-term liabilities	4,247	4,110
Total liabilities	112,473	114,674
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	11,708	11,973
Retained earnings	186,723	183,695
Accumulated other comprehensive loss	-19,792	-15,943
Shareholders' equity before treasury stock	178,639	179,725
Less treasury stock, at cost (1,834,734 and 1,837,595 shares, respectively)	28,097	28,141
Total Twin Disc shareholders' equity	150,542	151,584
Noncontrolling interest	536	727
Total equity	151,078	152,311
Total liabilities and equity	$263,551	$266,985

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	Sep. 26, 2014	Jun. 30, 2014
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)	1,834,734	1,837,595

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 26, 2014	Sep. 27, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]	'	'
Net sales	$64,824	$66,426
Cost of goods sold	42,435	45,759
Gross profit	22,389	20,667
Marketing, engineering and administrative expenses	15,910	15,517
Restructuring of operations	0	1,094
Earnings from operations	6,479	4,056
Interest expense	164	254
Other (income) expense, net	-340	-34
Other income (expense) total	-176	220
Earnings before income taxes and noncontrolling interest	6,655	3,836
Income taxes	2,593	2,472
Net earnings	4,062	1,364
Less: Net earnings attributable to noncontrolling interest, net of tax	-19	-87
Net earnings attributable to Twin Disc	4,043	1,277
Dividends per share (in dollars per share)	$0.09	$0.09
Earnings per share data:	'	'
Basic earnings per share attributable to Twin Disc common shareholders (in dollars per share)	$0.36	$0.11
Diluted earnings per share attributable to Twin Disc common shareholders (in dollars per share)	$0.36	$0.11
Weighted average shares outstanding data:	'	'
Basic shares outstanding (in shares)	11,270	11,234
Dilutive stock awards (in shares)	6	6
Diluted shares outstanding (in shares)	11,276	11,240
Comprehensive income:	'	'
Net earnings	4,062	1,364
Benefit plan adjustments, net of income taxes of $290 and $352, respectively	488	450
Foreign currency translation adjustment	-4,328	1,880
Comprehensive income	222	3,694
Less: comprehensive income attributable to noncontrolling interest	-28	-41
Comprehensive income attributable to Twin Disc	$194	$3,653

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2014	Sep. 27, 2013
Other comprehensive income, net:	'	'
Benefit plan adjustments, tax	$290	$352

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2014	Sep. 27, 2013
Cash flows from operating activities:	'	'
Net earnings	$4,062	$1,364
Adjustments to reconcile net earnings to net cash provided by operating activities:	'	'
Depreciation and amortization	2,564	2,603
Restructuring of operations	0	1,094
Other non-cash changes, net	962	2,323
Net change in operating assets and liabilities	-7,209	2,338
Net cash provided by operating activities	379	9,722
Cash flows from investing activities:	'	'
Acquisitions of fixed assets	-2,175	-866
Proceeds from sale of fixed assets	89	0
Other, net	-166	0
Net cash used by investing activities	-2,252	-866
Cash flows from financing activities:	'	'
Payments of notes payable	-29	-14
Borrowings under revolving loan agreement	21,750	16,600
Repayments under revolving loan agreement	-16,550	-18,905
Proceeds from exercise of stock options	15	0
Dividends paid to shareholders	-1,015	-1,015
Dividends paid to noncontrolling interest	-219	-486
Excess tax (shortfall) benefits from stock compensation	-31	435
Payments of withholding taxes on stock compensation	-314	-2,126
Net cash provided (used) by financing activities	3,607	-5,511
Effect of exchange rate changes on cash	-791	-7
Net change in cash	943	3,338
Cash:	'	'
Beginning of period	24,757	20,724
End of period	$25,700	$24,062

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Sep. 26, 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.
	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 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 in the first quarter of fiscal 2014.
	·	The Company had overstated its warranty accrual by $217,000 as of June 30, 2013, resulting in an increase to earnings from operations in the first quarter of fiscal 2014.
	·	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 in the first quarter of fiscal 2014.
	·	The Company’s deferred tax liabilities were understated by $285,000 as of June 30, 2013, resulting in additional tax expense in the first quarter of fiscal 2014.
	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 quarter ended September 27, 2013.
	New Accounting Releases
	In August 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern.  The amendments in this guidance are effective for fiscal years ending after December 15, 2016 (the Company’s fiscal 2017), and interim periods within fiscal years beginning after December 15, 2016.  The adoption of this guidance is not expected to have a material impact on the Company’s financial disclosures.
	In June 2014, the FASB issued stock compensation guidance requiring that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 (the Company’s fiscal 2017).  The adoption of this guidance is not expected to have a material impact on the Company’s financial disclosures.
	In May 2014, the FASB issued updated guidance on revenue from contracts with customers.  This revenue recognition guidance supersedes existing US GAAP guidance, including most industry-specific guidance.  The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The guidance identifies steps to apply in achieving this principle.  This updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 (the Company’s fiscal 2018).  The Company is currently evaluating the potential impact of this guidance on the Company’s financial disclosures and results.
	In April 2014, the FASB issued updated guidance on the reporting for discontinued operations.  Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations.  The new guidance also requires expanded financial disclosures about discontinued operations.  The amendments in this updated guidance are effective for the first quarter of the Company’s fiscal 2016.  The adoption of this guidance is not expected to have a material impact on the Company’s financial disclosures.
	In July 2013, the 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 did not have a material impact on the Company’s financial disclosures.

Inventory

Inventory	3 Months Ended
	Sep. 26, 2014
Inventory [Abstract]	'
Inventory	'
	B.	Inventory
	The major classes of inventories were as follows (in thousands):
			September 26,		June 30,
			2014		2014
	Inventories:
	Finished parts		$	65,169	$	66,418
	Work in process			12,200		12,419
	Raw materials			20,083		18,742
			$	97,452	$	97,579

Warranty

Warranty	3 Months Ended
	Sep. 26, 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 month periods ended September 26, 2014 and September 27, 2013 (in thousands):
			Three Months Ended
			Sept. 26,			Sept. 27,
			2014			2013
	Reserve balance, beginning of period		$	5,968		$	5,701
	Current period expense			546			371
	Payments or credits to customers			(541	)		(381	)
	Translation			(138	)		(27	)
	Reserve balance, end of period		$	5,835		$	5,664
	The current portion of the warranty accrual ($3,661,000 and $4,096,000 for fiscal 2015 and 2014, respectively) is reflected in accrued liabilities, while the long-term portion ($2,154,000 and $1,568,000 for fiscal 2015 and 2014, respectively) is included in other long-term liabilities on the Consolidated Balance Sheets.

Contingencies

Contingencies	3 Months Ended
	Sep. 26, 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	3 Months Ended
	Sep. 26, 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. 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
			Sept. 26,			Sept. 27,
			2014			2013
	Manufacturing segment sales		$	60,274		$	53,258
	Distribution segment sales			24,011			31,014
	Inter/Intra segment elimination - manufacturing			(17,394	)		(13,768	)
	Inter/Intra segment elimination - distribution			(2,067	)		(4,078	)
	Net sales		$	64,824		$	66,426
	Manufacturing segment net earnings		$	5,171		$	2,017
	Distribution segment net earnings			1,178			1,881
	Corporate and eliminations			(2,306	)		(2,621	)
	Net earnings attributable to Twin Disc		$	4,043		$	1,277
			Sept. 26,			June 30,
	Assets		2014			2014
	Manufacturing segment assets		$	258,867		$	254,652
	Distribution segment assets			56,206			57,233
	Corporate assets and elimination of inter‑company assets			(51,522	)		(44,900	)
			$	263,551		$	266,985

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Sep. 26, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	F.	Stock-Based Compensation
	In the first quarter of fiscal 2015 and 2014, the Company granted a target number of 15,561 and 43,154 performance stock unit awards, respectively, to various employees of the Company, including executive officers.  The performance stock unit awards granted in fiscal 2015 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, 2017.  The performance stock unit awards granted in fiscal 2015 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 15,796.  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 2015.  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 23,862.  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.  There were 52,041 and 86,116 unvested stock unit awards outstanding at September 26, 2014 and September 27, 2013, respectively.  The weighted average grant date fair value of the unvested awards at September 26, 2014 was $24.99.  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.  There was no compensation expense for the three months ended September 26, 2014 and September 27, 2013, related to the performance stock unit award grants.  At September 26, 2014, the Company had $1,386,000 of unrecognized compensation expense related to the unvested shares that would vest if the specified target objective was achieved for the fiscal 2015, 2014 and 2013 awards.  The total fair value of performance stock unit awards vested as of September 26, 2014 and September 27, 2017 were $0.  The performance stock unit awards are cash based, and would therefore be recorded as a liability on the Company’s Consolidated Balance Sheets.  As of September 26, 2014, these awards are $0.  As of June 30, 2014, there were no awards included in “Liabilities” due to actual results to date and the low probability of achieving any of the threshold performance levels.
	In the first quarter of fiscal 2015 and 2014, the Company granted a target number of 15,561 and 17,312 performance stock awards, respectively, to various employees of the Company, including executive officers.  The performance stock awards granted in fiscal 2015 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, 2017.  The performance stock awards granted in fiscal 2015 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 15,796.  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 2015. 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 18,694.  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.  There were 54,863 and 59,453 unvested stock awards outstanding at September 26, 2014 and September 27, 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.  There was no compensation expense for the three months ended September 26, 2014 and September 27, 2013, related to performance stock awards.  The weighted average grant date fair value of the unvested awards at September 26, 2014 was $24.39.  At September 26, 2014, the Company had $1,338,000 of unrecognized compensation expense related to the unvested shares that would vest if the specified target objective was achieved for the fiscal 2015, 2014 and 2013 awards. The total fair value of performance stock awards vested as of September 26, 2014 and September 27, 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 first quarter of fiscal 2015 and 2014, the Company granted 31,122 and 39,874 service based restricted shares, respectively, to employees in each year.  There were 105,642 and 130,905 unvested shares outstanding at September 26, 2014 and September 27, 2013, respectively.  Compensation expense of $108,000 and $318,000 was recognized for the three months ended September 26, 2014 and September 27, 2013, respectively.  The total fair value of restricted stock grants vested as of September 26, 2014 and September 27, 2013 was $654,000 and $2,464,000, respectively.  As of September 26, 2014, the Company had $1,479,000 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	3 Months Ended
	Sep. 26, 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
			Sept. 26,			Sept. 27,
			2014			2013
	Pension Benefits:
	Service cost		$	119		$	133
	Interest cost			1,222			1,355
	Expected return on plan assets			(1,681	)		(1,647	)
	Amortization of transition obligation			9			19
	Amortization of net loss			609			713
	Net periodic benefit cost		$	278		$	573
	Postretirement Benefits:
	Service cost		$	8		$	10
	Interest cost			145			165
	Amortization of net actuarial loss			159			150
	Net periodic benefit cost		$	312		$	325
	The Company expects to contribute approximately $6,172,000 to its pension plans in fiscal 2015.  As of September 26, 2014, $3,950,000 in contributions have been made.
	The Company has reclassified $488,000 (net of $290,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the three months ended September 26, 2014.  The Company has reclassified $530,000 (net of $352,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the three months ended September 27, 2013.  These reclassifications are included in the computation of net periodic benefit cost.

Income_Taxes

Income Taxes	3 Months Ended
	Sep. 26, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	H.	Income Taxes
	For the three months ended September 26, 2014 and September 27, 2013, the Company’s effective income tax rate was 39.0% and 64.4% respectively.  Both periods were impacted by non-deductible operating losses in a certain foreign jurisdiction that is subject to a full valuation allowance.  The fiscal 2014 rate was unfavorably impacted by adjustments to tax on foreign earnings (Canada and Italy) recorded in the first quarter.
	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 certain foreign jurisdictions, the company has evaluated the realizability of the net deferred tax assets related to these jurisdictions.  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.
	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 $1,950,000 of unrecognized tax benefits, including related interest and penalties, as of September 26, 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, the expiration of statutes of limitations or for other items during the quarter ended September 26, 2014.  It appears 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, Canada, Belgium, and Japan.  The tax years open to examination in the U.S. are for years subsequent to fiscal 2011.  The State of Wisconsin income tax audit remains ongoing for the fiscal years 2001 through 2009.  The Company has not been notified of any other tax examinations covering open periods.  It is reasonably possible that at least one of these audit cycles will be completed during fiscal 2015.

Goodwill_and_Other_Intangibles

Goodwill and Other Intangibles	3 Months Ended
	Sep. 26, 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 three months ended September 26, 2014 were as follows (in thousands):
			Gross			Accumulated			Net Book
			Carrying			Impairment			Value
			Amount
	Balance at June 30, 2014		$	17,133		$	(3,670	)	$	13,463
	Translation adjustment			(149	)		-			(149	)
	Balance at September 26, 2014		$	16,984		$	(3,670	)	$	13,314
	The gross carrying amount and accumulated amortization of the Company’s intangible assets that have defined useful lives and are subject to amortization as of September 26, 2014 and June 30, 2014 were as follows (in thousands):
			26-Sep-14
			Gross			Accumulated			Accumulated			Net Book
			Carrying			Amortization			Impairment			Value
			Amount
	Licensing agreements		$	3,015		$	(2,460	)	$	-		$	555
	Non-compete agreements			2,128			( 2,045	)		( 83	)		-
	Trade name			1,940			( 125	)		-			1,815
	Other			6,479			( 5,215	)		( 1,194	)		70
			$	13,562		$	(9,845	)	$	(1,277	)	$	2,440
			30-Jun-14
			Gross			Accumulated			Accumulated			Net Book
			Carrying			Amortization			Impairment			Value
			Amount
	Licensing agreements		$	3,015		$	(2,445	)	$	-		$	570
	Non-compete agreements			2,128			( 2,045	)		( 83	)		-
	Trade name			2,009			( 100	)		-			1,909
	Other			6,482			( 5,193	)		( 1,194	)		95
			$	13,634		$	(9,783	)	$	(1,277	)	$	2,574
	The weighted average remaining useful life of the intangible assets included in the table above is approximately 16 years.
	Intangible amortization expense was $62,000 for the three months ended September 26, 2014, and $116,000 for the three months ended September 27, 2013, respectively. Estimated intangible amortization expense for the remainder of fiscal 2015 and each of the next five fiscal years is as follows (in thousands):
	Fiscal Year
	2015		$	183
	2016			161
	2017			157
	2018			157
	2019			157
	2020			157
	The gross carrying amount of the Company’s intangible assets that have indefinite lives and are not subject to amortization as of September 26, 2014 and June 30, 2014 are $219,000 and $223,000, 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 of fiscal 2014, 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	3 Months Ended
	Sep. 26, 2014
Long-term Debt [Abstract]	'
Long-term Debt	'
	J.	Long-term Debt
	Long-term debt at September 26, 2014 and June 30, 2014 consisted of the following (in thousands):
			September 26,			June 30,
			2014			2014
	Revolving loan		$	16,400		$	11,200
	10-year unsecured senior notes			7,143			7,143
	Other			30			61
	Subtotal			23,573			18,404
	Less: current maturities and short-term borrowings			(3,575	)		(3,604	)
	Total long-term debt		$	19,998		$	14,800
	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 September 26, 2014, the Company was in compliance with these covenants.
	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 (1.08% and 0.88% for September 26, 2014 and June 30, 2014, respectively), plus the current add-on related to the revolving loan agreement (1.00% for September 26, 2014 and June 30, 2014) resulting in a total rate of 2.08% and 1.88% for September 26, 2014 and June 30, 2014, respectively.   The fair value of the Company’s 10-year unsecured senior notes due April 10, 2016 was approximately $7,517,000 and $7,605,000 at September 26, 2014 and June 30, 2014, respectively.  The Company’s revolving loan agreement approximates fair value at September 26, 2014 and June 30, 2014.  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	3 Months Ended
	Sep. 26, 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 three months of 2014 and 2015 (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, 2013		$	13,183		$	184,110		$	(25,899	)	$	(28,890	)	$	1,058		$	143,562
	Net income						1,277									87			1,364
	Translation adjustments									1,926						(46	)		1,880
	Benefit plan adjustments, net of tax									450									450
	Cash dividends						(1,015	)								(486	)		(1,501	)
	Compensation expense and windfall tax benefits			753															753
	Shares (acquired) issued, net			(2,777	)								652						(2,125	)
	Balance-September 27, 2013		$	11,159		$	184,372		$	(23,523	)	$	(28,238	)	$	613		$	144,383
			Twin Disc, Inc. Shareholders’ Equity
									Accumulated
									Other						Non-
			Common			Retained			Comprehensive			Treasury			Controlling			Total
			Stock			Earnings			Income (Loss)			Stock			Interest			Equity
	Balance-June 30, 2014		$	11,973		$	183,695		$	(15,943	)	$	(28,141	)	$	727		$	152,311
	Net income						4,043									19			4,062
	Translation adjustments									(4,337	)					9			(4,328	)
	Benefit plan adjustments, net of tax									488									488
	Cash dividends						(1,015	)								(219	)		(1,234	)
	Compensation expense and windfall tax benefits			77															77
	Shares (acquired) issued, net			(342	)								44						(298	)
	Balance-September 26, 2014		$	11,708		$	186,723		$	(19,792	)	$	(28,097	)	$	536		$	151,078

Restructuring_of_Operations

Restructuring of Operations	3 Months Ended
	Sep. 26, 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 fiscal 2014, the Company made cash payments of $857,000, resulting in an accrual balance at June 30, 2014 of $785,000.  The Company made additional payments of $6,000 in the first quarter of fiscal 2015, resulting in a September 26, 2014 balance of $721,000 after a foreign exchange impact of $58,000.  This remaining obligation relates to increased pension benefits agreed to as part of the restructuring and is expected to be paid out over the next several years.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	Sep. 26, 2014
Basis of Presentation [Abstract]	'
New Accounting Releases	'
	In August 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern.  The amendments in this guidance are effective for fiscal years ending after December 15, 2016 (the Company’s fiscal 2017), and interim periods within fiscal years beginning after December 15, 2016.  The adoption of this guidance is not expected to have a material impact on the Company’s financial disclosures.
	In June 2014, the FASB issued stock compensation guidance requiring that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 (the Company’s fiscal 2017).  The adoption of this guidance is not expected to have a material impact on the Company’s financial disclosures.
	In May 2014, the FASB issued updated guidance on revenue from contracts with customers.  This revenue recognition guidance supersedes existing US GAAP guidance, including most industry-specific guidance.  The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The guidance identifies steps to apply in achieving this principle.  This updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 (the Company’s fiscal 2018).  The Company is currently evaluating the potential impact of this guidance on the Company’s financial disclosures and results.
	In April 2014, the FASB issued updated guidance on the reporting for discontinued operations.  Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations.  The new guidance also requires expanded financial disclosures about discontinued operations.  The amendments in this updated guidance are effective for the first quarter of the Company’s fiscal 2016.  The adoption of this guidance is not expected to have a material impact on the Company’s financial disclosures.
	In July 2013, the 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 did not have a material impact on the Company’s financial disclosures.

Inventory_Tables

Inventory (Tables)	3 Months Ended
	Sep. 26, 2014
Inventory [Abstract]	'
Major Classes of Inventories	'
	The major classes of inventories were as follows (in thousands):
		September 26,		June 30,
		2014		2014
	Inventories:
	Finished parts	$	65,169	$	66,418
	Work in process		12,200		12,419
	Raw materials		20,083		18,742
		$	97,452	$	97,579

Warranty_Tables

Warranty (Tables)	3 Months Ended
	Sep. 26, 2014
Warranty [Abstract]	'
Warranty Reserve	'
	The following is a listing of the activity in the warranty reserve during the three month periods ended September 26, 2014 and September 27, 2013 (in thousands):
		Three Months Ended
		Sept. 26,			Sept. 27,
		2014			2013
	Reserve balance, beginning of period	$	5,968		$	5,701
	Current period expense		546			371
	Payments or credits to customers		(541	)		(381	)
	Translation		(138	)		(27	)
	Reserve balance, end of period	$	5,835		$	5,664

Business_Segments_Tables

Business Segments (Tables)	3 Months Ended
	Sep. 26, 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
		Sept. 26,			Sept. 27,
		2014			2013
	Manufacturing segment sales	$	60,274		$	53,258
	Distribution segment sales		24,011			31,014
	Inter/Intra segment elimination - manufacturing		(17,394	)		(13,768	)
	Inter/Intra segment elimination - distribution		(2,067	)		(4,078	)
	Net sales	$	64,824		$	66,426
	Manufacturing segment net earnings	$	5,171		$	2,017
	Distribution segment net earnings		1,178			1,881
	Corporate and eliminations		(2,306	)		(2,621	)
	Net earnings attributable to Twin Disc	$	4,043		$	1,277
		Sept. 26,			June 30,
	Assets	2014			2014
	Manufacturing segment assets	$	258,867		$	254,652
	Distribution segment assets		56,206			57,233
	Corporate assets and elimination of inter‑company assets		(51,522	)		(44,900	)
		$	263,551		$	266,985

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefit Plans (Tables)	3 Months Ended
	Sep. 26, 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
		Sept. 26,			Sept. 27,
		2014			2013
	Pension Benefits:
	Service cost	$	119		$	133
	Interest cost		1,222			1,355
	Expected return on plan assets		(1,681	)		(1,647	)
	Amortization of transition obligation		9			19
	Amortization of net loss		609			713
	Net periodic benefit cost	$	278		$	573
	Postretirement Benefits:
	Service cost	$	8		$	10
	Interest cost		145			165
	Amortization of net actuarial loss		159			150
	Net periodic benefit cost	$	312		$	325

Goodwill_and_Other_Intangibles1

Goodwill and Other Intangibles (Tables)	3 Months Ended
	Sep. 26, 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 three months ended September 26, 2014 were as follows (in thousands):
		Gross			Accumulated			Net Book
		Carrying			Impairment			Value
		Amount
	Balance at June 30, 2014	$	17,133		$	(3,670	)	$	13,463
	Translation adjustment		(149	)		-			(149	)
	Balance at September 26, 2014	$	16,984		$	(3,670	)	$	13,314
Acquired Intangible Assets with Finite Lives	'
	The gross carrying amount and accumulated amortization of the Company’s intangible assets that have defined useful lives and are subject to amortization as of September 26, 2014 and June 30, 2014 were as follows (in thousands):
		26-Sep-14
		Gross			Accumulated			Accumulated			Net Book
		Carrying			Amortization			Impairment			Value
		Amount
	Licensing agreements	$	3,015		$	(2,460	)	$	-		$	555
	Non-compete agreements		2,128			( 2,045	)		( 83	)		-
	Trade name		1,940			( 125	)		-			1,815
	Other		6,479			( 5,215	)		( 1,194	)		70
		$	13,562		$	(9,845	)	$	(1,277	)	$	2,440
		30-Jun-14
		Gross			Accumulated			Accumulated			Net Book
		Carrying			Amortization			Impairment			Value
		Amount
	Licensing agreements	$	3,015		$	(2,445	)	$	-		$	570
	Non-compete agreements		2,128			( 2,045	)		( 83	)		-
	Trade name		2,009			( 100	)		-			1,909
	Other		6,482			( 5,193	)		( 1,194	)		95
		$	13,634		$	(9,783	)	$	(1,277	)	$	2,574
Estimated Intangible Amortization Expense	'
	Estimated intangible amortization expense for the remainder of fiscal 2015 and each of the next five fiscal years is as follows (in thousands):
	Fiscal Year
	2015	$	183
	2016		161
	2017		157
	2018		157
	2019		157
	2020		157

Longterm_Debt_Tables

Long-term Debt (Tables)	3 Months Ended
	Sep. 26, 2014
Long-term Debt [Abstract]	'
Long-term Debt	'
	Long-term debt at September 26, 2014 and June 30, 2014 consisted of the following (in thousands):
		September 26,			June 30,
		2014			2014
	Revolving loan	$	16,400		$	11,200
	10-year unsecured senior notes		7,143			7,143
	Other		30			61
	Subtotal		23,573			18,404
	Less: current maturities and short-term borrowings		(3,575	)		(3,604	)
	Total long-term debt	$	19,998		$	14,800

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	3 Months Ended
	Sep. 26, 2014
Shareholders' Equity [Abstract]	'
Reconciliation of Equity Balances	'
	The following is a reconciliation of the Company’s equity balances for the first fiscal three months of 2014 and 2015 (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, 2013	$	13,183		$	184,110		$	(25,899	)	$	(28,890	)	$	1,058		$	143,562
	Net income					1,277									87			1,364
	Translation adjustments								1,926						(46	)		1,880
	Benefit plan adjustments, net of tax								450									450
	Cash dividends					(1,015	)								(486	)		(1,501	)
	Compensation expense and windfall tax benefits		753															753
	Shares (acquired) issued, net		(2,777	)								652						(2,125	)
	Balance-September 27, 2013	$	11,159		$	184,372		$	(23,523	)	$	(28,238	)	$	613		$	144,383
		Twin Disc, Inc. Shareholders’ Equity
								Accumulated
								Other						Non-
		Common			Retained			Comprehensive			Treasury			Controlling			Total
		Stock			Earnings			Income (Loss)			Stock			Interest			Equity
	Balance-June 30, 2014	$	11,973		$	183,695		$	(15,943	)	$	(28,141	)	$	727		$	152,311
	Net income					4,043									19			4,062
	Translation adjustments								(4,337	)					9			(4,328	)
	Benefit plan adjustments, net of tax								488									488
	Cash dividends					(1,015	)								(219	)		(1,234	)
	Compensation expense and windfall tax benefits		77															77
	Shares (acquired) issued, net		(342	)								44						(298	)
	Balance-September 26, 2014	$	11,708		$	186,723		$	(19,792	)	$	(28,097	)	$	536		$	151,078

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended	12 Months Ended
	Sep. 27, 2013	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013
		Overstatement of Payroll Accrual [Member]	Overstatement of Warranty Accrual [Member]	Overstatement of Work in Progress Inventory [Member]	Understatement of Deferred tax liabilities [Member]
Revision of Prior Period Financial Statements [Abstract]	'	'	'	'	'
Impact of errors correction on earnings	$437,000	$337,000	$217,000	($117,000)	$285,000
Impact of errors correction on earnings net of tax attributable to parent	$69,000	'	'	'	'

Inventory_Details

Inventory (Details) (USD $)	Sep. 26, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Inventories [Abstract]	'	'
Finished parts	$65,169	$66,418
Work in process	12,200	12,419
Raw materials	20,083	18,742
Total Inventories	$97,452	$97,579

Warranty_Details

Warranty (Details) (USD $)	3 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Activity in warranty reserve [Abstract]	'	'
Reserve balance, beginning of period	$5,968,000	$5,701,000
Current period expense	546,000	371,000
Payments or credits to customers	-541,000	-381,000
Translation	-138,000	-27,000
Reserve balance, end of period	5,835,000	5,664,000
Current portion of warranty accrual	3,661,000	4,096,000
Long-term portion of warranty accrual	$2,154,000	$1,568,000

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 26, 2014	Sep. 27, 2013	Jun. 30, 2014
	Segment
Business Segments [Abstract]	'	'	'
Number of reportable segments	2	'	'
Segment Reporting Information [Line Items]	'	'	'
Net sales	$64,824	$66,426	'
Net earnings attributable to Twin Disc	4,043	1,277	'
Assets	263,551	'	266,985
Corporate and Eliminations [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net earnings attributable to Twin Disc	-2,306	-2,621	'
Assets	-51,522	'	-44,900
Manufacturing Segment [Member] | Inter/Intra Segment Elimination [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net sales	-17,394	-13,768	'
Manufacturing Segment [Member] | Reportable Segment [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net sales	60,274	53,258	'
Net earnings attributable to Twin Disc	5,171	2,017	'
Assets	258,867	'	254,652
Distribution Segment [Member] | Inter/Intra Segment Elimination [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net sales	-2,067	-4,078	'
Distribution Segment [Member] | Reportable Segment [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net sales	24,011	31,014	'
Net earnings attributable to Twin Disc	1,178	1,881	'
Assets	$56,206	'	$57,233

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Jun. 30, 2014
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)	15,561	43,154	'
Stock awards vesting period	'3 years	'3 years	'
Number of shares of common stock that can be granted, maximum (in shares)	15,796	23,862	'
Unvested stock awards outstanding (in shares)	52,041	86,116	'
Compensation cost, recognized	$0	$0	'
Weighted average grant date fair value of unvested awards (in dollars per share)	$24.99	'	'
Total fair value of stock awards vested	0	0	'
Accrued liabilities, employee benefits	0	'	0
Unrecognized compensation expense related to unvested shares	1,386,000	'	'
Performance Stock Awards [Member]	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'
Stock awards granted (in shares)	15,561	17,312	'
Stock awards vesting period	'3 years	'3 years	'
Number of shares of common stock that can be granted, maximum (in shares)	15,796	18,694	'
Unvested stock awards outstanding (in shares)	54,863	59,453	'
Compensation cost, recognized	0	0	'
Weighted average grant date fair value of unvested awards (in dollars per share)	$24.39	'	'
Total fair value of stock awards vested	0	0	'
Unrecognized compensation expense related to unvested shares	1,338,000	'	'
Restricted Stock [Member]	'	'	'
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]	'	'	'
Stock awards granted (in shares)	31,122	39,874	'
Unvested stock awards outstanding (in shares)	105,642	130,905	'
Compensation cost, recognized	108,000	318,000	'
Total fair value of stock awards vested	654,000	2,464,000	'
Unrecognized compensation expense related to unvested shares	$1,479,000	'	'
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
In Thousands, unless otherwise specified	Sep. 26, 2014	Sep. 27, 2013
Components of Net Periodic Benefit Cost [Abstract]	'	'
Benefit plan adjustments reclassified from accumulated other comprehensive loss	$488	$530
Tax on reclassified benefit plan adjustments from accumulated other comprehensive loss	290	352
Pension Benefits [Member]	'	'
Components of Net Periodic Benefit Cost [Abstract]	'	'
Service cost	119	133
Interest cost	1,222	1,355
Expected return on plan assets	-1,681	-1,647
Amortization of transition obligation	9	19
Amortization of net actuarial loss	609	713
Net periodic benefit cost	278	573
Expected contributions to its pension plan in 2015	6,172	'
Contributions made during period	3,950	'
Postretirement Benefits [Member]	'	'
Components of Net Periodic Benefit Cost [Abstract]	'	'
Service cost	8	10
Interest cost	145	165
Amortization of net actuarial loss	159	150
Net periodic benefit cost	$312	$325

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Income Taxes [Abstract]	'	'
Effective income tax rate (in hundredths)	39.00%	64.40%
Unrecognized tax benefits if recognized would favorably impact effective tax rate	$1,950,000	'
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		12 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Jun. 30, 2014
Intangible assets with finite lives [Abstract]	'	'	'
Gross Carrying Amount	$13,562,000	'	$13,634,000
Accumulated amortization	-9,845,000	'	-9,783,000
Accumulated Impairment	-1,277,000	'	-1,277,000
Net book value	2,440,000	'	2,574,000
Goodwill [Roll Forward]	'	'	'
Gross Carrying Amount	16,984,000	'	17,133,000
Accumulated Impairment	-3,670,000	'	-3,670,000
Translation adjustment	-149,000	'	'
Net Book Value	13,314,000	'	13,463,000
Intangible amortization expense	62,000	116,000	'
Estimated intangible amortization expense [Abstract]	'	'	'
2015	183,000	'	'
2016	161,000	'	'
2017	157,000	'	'
2018	157,000	'	'
2019	157,000	'	'
2020	157,000	'	'
Carrying amount of indefinite lived intangible assets, gross	219,000	'	223,000
Weighted average remaining useful life	'16 years	'	'
Licensing agreements [Member]	'	'	'
Intangible assets with finite lives [Abstract]	'	'	'
Gross Carrying Amount	3,015,000	'	3,015,000
Accumulated amortization	-2,460,000	'	-2,445,000
Accumulated Impairment	0	'	0
Net book value	555,000	'	570,000
Non-compete agreements [Member]	'	'	'
Intangible assets with finite lives [Abstract]	'	'	'
Gross Carrying Amount	2,128,000	'	2,128,000
Accumulated amortization	-2,045,000	'	-2,045,000
Accumulated Impairment	-83,000	'	-83,000
Net book value	0	'	0
Trade Names [Member]	'	'	'
Intangible assets with finite lives [Abstract]	'	'	'
Gross Carrying Amount	1,940,000	'	2,009,000
Accumulated amortization	-125,000	'	-100,000
Accumulated Impairment	0	'	0
Net book value	1,815,000	'	1,909,000
Useful life, Trade Names	'20 years	'	'
Other [Member]	'	'	'
Intangible assets with finite lives [Abstract]	'	'	'
Gross Carrying Amount	6,479,000	'	6,482,000
Accumulated amortization	-5,215,000	'	-5,193,000
Accumulated Impairment	-1,194,000	'	-1,194,000
Net book value	$70,000	'	$95,000

Longterm_Debt_Details

Long-term Debt (Details) (USD $)	3 Months Ended	12 Months Ended
	Sep. 26, 2014	Jun. 30, 2014
	Quarter
Debt Instrument [Line Items]	'	'
Subtotal	$23,573,000	$18,404,000
Less: current maturities and short-term borrowings	-3,575,000	-3,604,000
Total long-term debt	19,998,000	14,800,000
Number of recent quarters considered for minimum EBITDA	4	'
US treasury yield curve rate (in hundredths)	1.08%	0.88%
Add-on-to reference rate to calculate discount rate (in hundredths)	1.00%	1.00%
Total rate of interest (in hundredths)	2.08%	1.88%
Revolving Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Subtotal	16,400,000	11,200,000
10-year Unsecured Senior Notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Subtotal	7,143,000	7,143,000
Maturity period of unsecured senior notes	'10 years	'
Maturity date of note agreement	10-Apr-16	'
Fair value of long term debt	7,517,000	7,605,000
Other [Member]	'	'
Debt Instrument [Line Items]	'	'
Subtotal	$30,000	$61,000

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 26, 2014	Sep. 27, 2013	Jun. 30, 2013	Jun. 30, 2012	Jul. 27, 2012	Feb. 01, 2008
Stockholders Equity [Line Items]	'	'	'	'	'	'
Balance, beginning of period	$152,311	$143,562	'	'	'	'
Net income	4,062	1,364	'	'	'	'
Translation adjustments	-4,328	1,880	'	'	'	'
Benefit plan adjustments, net of tax	488	450	'	'	'	'
Cash dividends	-1,234	-1,501	'	'	'	'
Compensation expense and windfall tax benefits	77	753	'	'	'	'
Shares (acquired) issued, net	-298	-2,125	'	'	'	'
Balance, end of period	151,078	144,383	'	'	'	'
Common Stock [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	11,973	13,183	'	'	'	'
Compensation expense and windfall tax benefits	77	753	'	'	'	'
Shares (acquired) issued, net	-342	-2,777	'	'	'	'
Balance, end of period	11,708	11,159	13,183	'	'	'
Retained Earnings [Member]	'	'	'	'	'	'
Stockholders Equity [Line Items]	'	'	'	'	'	'
Balance, beginning of period	183,695	184,110	'	'	'	'
Net income	4,043	1,277	'	'	'	'
Cash dividends	-1,015	-1,015	'	'	'	'
Balance, end of period	186,723	184,372	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Member]	'	'	'	'	'	'
Stockholders Equity [Line Items]	'	'	'	'	'	'
Balance, beginning of period	-15,943	-25,899	'	'	'	'
Translation adjustments	-4,337	1,926	'	'	'	'
Benefit plan adjustments, net of tax	488	450	'	'	'	'
Balance, end of period	-19,792	-23,523	'	'	'	'
Treasury Stock [Member]	'	'	'	'	'	'
Stockholders Equity [Line Items]	'	'	'	'	'	'
Balance, beginning of period	-28,141	-28,890	'	'	'	'
Shares (acquired) issued, net	44	652	'	'	'	'
Balance, end of period	-28,097	-28,238	'	'	'	'
Non-Controlling Interest [Member]	'	'	'	'	'	'
Stockholders Equity [Line Items]	'	'	'	'	'	'
Balance, beginning of period	727	1,058	'	'	'	'
Net income	19	87	'	'	'	'
Translation adjustments	9	-46	'	'	'	'
Cash dividends	-219	-486	'	'	'	'
Balance, end of period	$536	$613	'	'	'	'

Restructuring_of_Operations_De

Restructuring of Operations (Details) (USD $)	3 Months Ended			12 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Jun. 30, 2013	Jun. 30, 2014
Restructuring of Operations [Abstract]	'	'	'	'
Pre-tax restructuring charge	$0	$1,094,000	$548,000	'
Cash payments	6,000	'	'	857,000
Accrual balance of restructuring charge	721,000	'	'	785,000
Foreign exchange impact	$58,000	'	'	'