Twin Disc (TWIN) 10-Q 4 May 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 27, 2015	Apr. 29, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	TWIN DISC INC
Entity Central Index Key	100378
Current Fiscal Year End Date	-24
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		11,268,011
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	27-Mar-15

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Mar. 27, 2015	Jun. 30, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$23,607	$24,757
Trade accounts receivable, net	35,729	40,219
Inventories, net	90,039	97,579
Deferred income taxes	4,713	4,779
Other	13,926	12,763
Total current assets	168,014	180,097
Property, plant and equipment, net	55,791	60,267
Goodwill, net	12,818	13,463
Deferred income taxes	1,340	2,556
Intangible assets, net	2,264	2,797
Other assets	6,149	7,805
Total assets	246,376	266,985
Current liabilities:
Short-term borrowings and current maturities of long-term debt	3,571	3,604
Accounts payable	24,859	22,111
Accrued liabilities	29,152	31,265
Total current liabilities	57,582	56,980
Long-term debt	8,829	14,800
Accrued retirement benefits	28,764	37,006
Deferred income taxes	1,324	1,778
Other long-term liabilities	3,050	4,110
Total liabilities	99,549	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	11,969	11,973
Retained earnings	191,384	183,695
Accumulated other comprehensive loss	-29,074	-15,943
Shareholders' equity before treasury stock	174,279	179,725
Less treasury stock, at cost (1,831,457 and 1,837,595 shares, respectively)	28,047	28,141
Total Twin Disc shareholders' equity	146,232	151,584
Noncontrolling interest	595	727
Total equity	146,827	152,311
Total liabilities and equity	$246,376	$266,985

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	Mar. 27, 2015	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)	1,831,457	1,837,595

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. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net sales	$60,941	$60,705	$198,456	$190,343
Cost of goods sold	41,935	44,177	134,958	134,604
Gross profit	19,006	16,528	63,498	55,739
Marketing, engineering and administrative expenses	15,669	16,870	48,086	49,572
Restructuring of operations	0	0	0	1,094
Earnings (loss) from operations	3,337	-342	15,412	5,073
Interest expense	122	220	436	697
Other (income) expense, net	-539	68	-1,021	-85
Other income (expense), total	-417	288	-585	612
Earnings (loss) before income taxes and noncontrolling interest	3,754	-630	15,997	4,461
Income taxes	707	-188	5,088	2,973
Net earnings (loss)	3,047	-442	10,909	1,488
Less: Net earnings attributable to noncontrolling interest, net of tax	-101	-33	-173	-168
Net earnings (loss) attributable to Twin Disc	2,946	-475	10,736	1,320
Dividends per share (in dollars per share)	$0.09	$0.09	$0.27	$0.27
Earnings (loss) per share data:
Basic earnings (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$0.26	($0.04)	$0.95	$0.12
Diluted earnings (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$0.26	($0.04)	$0.95	$0.12
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	11,277	11,265	11,276	11,256
Dilutive stock awards (in shares)	2	0	4	6
Diluted shares outstanding (in shares)	11,279	11,265	11,280	11,262
Comprehensive income:
Net earnings (loss)	3,047	-442	10,909	1,488
Benefit plan adjustments, net of income taxes of $322, $354, $917 and $1,060, respectively	542	528	1,545	1,506
Foreign currency translation adjustment	-5,892	1,054	-14,762	4,053
Comprehensive (loss) income	-2,303	1,140	-2,308	7,047
Less: comprehensive income attributable to noncontrolling interest	-46	-33	-87	-168
Comprehensive (loss) income attributable to Twin Disc	($2,349)	$1,107	($2,395)	$6,879

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014
Other comprehensive income, net:
Benefit plan adjustments, tax	$322	$354	$917	$1,060

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014
Cash flows from operating activities:
Net earnings	$10,909	$1,488
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	7,639	7,940
Restructuring of operations	0	1,094
Other non-cash changes, net	295	441
Net change in operating assets and liabilities	-3,343	6,824
Net cash provided by operating activities	15,500	17,787
Cash flows from investing activities:
Acquisitions of fixed assets	-5,898	-5,183
Proceeds from sale of fixed assets	210	121
Other, net	1,553	-244
Net cash used by investing activities	-4,135	-5,306
Cash flows from financing activities:
Payments of notes payable	-30	-59
Borrowings under revolving loan agreement	61,135	48,550
Repayments under revolving loan agreement	-67,100	-50,600
Proceeds from exercise of stock options	15	0
Dividends paid to shareholders	-3,047	-3,045
Dividends paid to noncontrolling interest	-219	-487
Excess tax (shortfall) benefits from stock compensation	-36	524
Payments of withholding taxes on stock compensation	-313	-2,170
Net cash used by financing activities	-9,595	-7,287
Effect of exchange rate changes on cash	-2,920	442
Net change in cash	-1,150	5,636
Cash:
Beginning of period	24,757	20,724
End of period	$23,607	$26,360

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Mar. 27, 2015
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 were material to its financial statements for any prior period, nor that the correction of these errors was material to the nine months ended March 28, 2014.
	During the third quarter of fiscal 2015, the Company recorded out-of-period adjustments for the correction of errors related to pension expense and tax expense, both of which were deemed immaterial for adjustment to prior period financial statements.  More specifically, the nature of the errors is as follows:
	·	The Company overstated pension expense by $282,000 during the first six months of fiscal 2015 ($141,000 per quarter).
	·	The Company understated tax expense by $175,000 for the year ended June 30, 2014.
	The impact of the correction of these errors was to increase earnings before income taxes and noncontrolling interest by $282,000 and net earnings by $2,000, respectively, for the three-months ended March 27, 2015, and to decrease net earnings by $175,000 for the nine-months ended March 27, 2015.  The Company does not believe these errors were material to its financial statements for any prior period, or that the correction of these errors is material to the quarter ended March 27, 2015 or its projected full year results for fiscal 2015.
	New Accounting Releases
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued guidance intended to amend current presentation guidance by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts.  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 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	9 Months Ended
	Mar. 27, 2015
Inventory [Abstract]
Inventory	B.	Inventory
	The major classes of inventories were as follows (in thousands):
		March 27,	June 30,
		2015	2014
	Inventories:
	Finished parts	$60,692	$66,418
	Work in process	11,356	12,419
	Raw materials	17,991	18,742
		$90,039	$97,579

Warranty

Warranty	9 Months Ended
	Mar. 27, 2015
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 27, 2015 and March 28, 2014 (in thousands):
		Three Months Ended		Nine Months Ended
		Mar. 27,	Mar. 28,	Mar. 27,	Mar. 28,
		2015	2014	2015	2014
	Reserve balance, beginning of period	$5,952	$5,800	$5,968	$5,701
	Current period expense	582	399	1,812	1,541
	Payments or credits to customers	-453	-498	-1,482	-1,646
	Translation	-185	11	-402	116
	Reserve balance, end of period	$5,896	$5,712	$5,896	$5,712
	The current portion of the warranty accrual ($3,904,000 and $3,766,000 for March 27, 2015 and March 28, 2014, respectively) is reflected in accrued liabilities, while the long-term portion ($1,992,000 and $1,946,000 for March 27, 2015 and March 28, 2014, respectively) is included in other long-term liabilities on the Consolidated Balance Sheets.

Contingencies

Contingencies	9 Months Ended
	Mar. 27, 2015
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. 27, 2015
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		Nine Months Ended
		Mar. 27,	Mar. 28,	Mar. 27,	Mar. 28,
		2015	2014	2015	2014
	Manufacturing segment sales	$54,519	$52,957	$178,143	$163,224
	Distribution segment sales	26,261	28,441	79,247	90,018
	Inter/Intra segment elimination - manufacturing	-16,441	-18,233	-50,902	-54,452
	Inter/Intra segment elimination - distribution	-3,398	-2,460	-8,032	-8,447
	Net sales	$60,941	$60,705	$198,456	$190,343
	Manufacturing segment net earnings (loss)	$3,589	($9)	$12,793	$3,662
	Distribution segment net earnings	1,341	1,516	4,297	4,818
	Corporate and eliminations	-1,984	-1,982	-6,354	-7,160
	Net earnings (loss) attributable to Twin Disc	$2,946	($475)	$10,736	$1,320
		Mar. 27,	June 30,
	Assets	2015	2014
	Manufacturing segment assets	$247,531	$254,652
	Distribution segment assets	56,185	57,233
	Corporate assets and elimination
	of inter-company assets	-57,340	-44,900
	Total assets	$246,376	$266,985

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 27, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	F.	Stock-Based Compensation
	In the first nine months of fiscal 2015 and 2014, the Company granted a target number of 15,861 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 13,621.  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 22,205.  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 48,594 and 54,874 unvested stock unit awards outstanding at March 27, 2015 and March 28, 2014, respectively.  The weighted average grant date fair value of the unvested awards at March 27, 2015 was $24.70.  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 and nine months ended March 27, 2015 and March 28, 2014, related to the performance stock unit award grants.  At March 27, 2015, the Company had $847,000 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 March 27, 2015 and March 28, 2014 was $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 March 27, 2015, 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 nine months of fiscal 2015 and 2014, the Company granted a target number of 16,261 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 14,101.  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 17,038.  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 51,478 and 59,453 unvested stock awards outstanding at March 27, 2015 and March 28, 2014, 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 and nine months ended March 27, 2015 and March 28, 2014, related to performance stock awards.  The weighted average grant date fair value of the unvested awards at March 27, 2015 was $24.04.  At March 27, 2015, the Company had $1,238,000 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 March 27, 2015 and March 28, 2018 was $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 nine months of fiscal 2015 and 2014, the Company granted 57,216 and 51,004 service based restricted shares, respectively, to employees in each year.  There were 97,789 and 119,297 unvested shares outstanding at March 27, 2015 and March 28, 2014, respectively.  The compensation expense for the three and nine months ended March 27, 2015, related to these service-based awards approximated $8,000 and $425,000, 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 total fair value of restricted stock grants vested as of March 27, 2015 and March 28, 2014 was $941,000 and $3,053,000, respectively.  As of March 27, 2015, the Company had $1,227,000 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. 27, 2015
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. 27,	Mar. 28,	Mar. 27,	Mar. 28,
		2015	2014	2015	2014
	Pension Benefits:
	Service cost	$120	$135	$359	$402
	Interest cost	1,215	1,357	3,661	4,068
	Expected return on plan assets	-2,105	-1,648	-5,469	-4,942
	Amortization of transition obligation	10	19	29	57
	Amortization of net loss	607	714	1,825	2,141
	Net periodic benefit cost	($153)	$577	$405	$1,726
	Postretirement Benefits:
	Service cost	$8	$9	$23	$28
	Interest cost	144	165	434	494
	Amortization of net actuarial loss	160	150	478	451
	Net periodic benefit cost	$312	$324	$935	$973
	The Company expects to contribute approximately $6,172,000 to its pension plans in fiscal 2015.  As of March 27, 2015, $5,562,000 in contributions have been made.
	The Company has reclassified $542,000 (net of $322,000 in taxes) and $1,545,000 (net of $917,000 in taxes) of benefit plan adjustments from accumulated other comprehensive loss into earnings during the three and nine months ended March 27, 2015.  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.  These reclassifications are included in the computation of net periodic benefit cost.

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 27, 2015
Income Taxes [Abstract]
Income Taxes	H.	Income Taxes
	The effective tax rate for the first nine months of fiscal 2015 is 31.8%, which is lower than the prior year’s 66.6%.  Both periods were impacted by non-deductible operating losses in a certain foreign jurisdiction that is subject to a full valuation allowance, which is the largest driver of the change in the effective rate compared to the prior year.  The much lower fiscal 2015 rate also reflects a $7,100,000 increase in domestic earnings, offset by the Section 199 credit and benefits from the cumulative effect of the reinstatement of the federal research and development tax credit.  The mix of tax preference items and foreign income and foreign income credits remained consistent with prior periods, resulting in a lower effective tax rate.  During the second quarter of fiscal 2015 the Company also recognized previously unrecognized tax benefits due to the resolution of a state income tax audit.  The fiscal 2014 rate reflects the impact of reduced domestic earnings base with constant foreign income and credits.
	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 for 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.
	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 $835,000 of unrecognized tax benefits, including related interest and penalties, as of March 27, 2015, which, if recognized, would favorably impact the effective tax rate.  There was no significant change in total unrecognized tax benefits due to the settlement of audits or expiration of statutes of limitations during the quarter ended March 27, 2015.  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 2014 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. During this quarter the company was notified by the state of Wisconsin of a tax examination covering open periods.

Goodwill_and_Other_Intangibles

Goodwill and Other Intangibles	9 Months Ended
	Mar. 27, 2015
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 27, 2015 were as follows (in thousands):
		Gross Carrying Amount	Accumulated Impairment	Net Book Value
	Balance at June 30, 2014	$ 17,133	($  3,670)	$13,463
	Translation adjustment	(645)	-	(645)
	Balance at March 27, 2015	$ 16,488	($ 3,670)	$12,818
	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 27, 2015 and June 30, 2014 were as follows (in thousands):
			27-Mar-15
		Gross Carrying Amount	Accumulated Amortization	Accumulated Impairment	Net Book Value
	Licensing agreements	$  3,015	($  2,490)	$          -	$      525
	Non-compete agreements	2,128	(   2,045)	(        83)	-
	Trade name	1,675	(      169)	-	1,506
	Other	6,473	(   5,256)	(    1,194)	23
		$13,291	($  9,960)	($  1,277)	$   2,054
			30-Jun-14
		Gross Carrying Amount	Accumulated Amortization	Accumulated Impairment	Net Book Value
	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 $56,000 and $177,000 for the three and nine months ended March 27, 2015, and $121,000 and $356,000 for the three and nine months ended March 28, 2014, 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	$55
	2016	147
	2017	143
	2018	143
	2019	143
	2020	143
	The gross carrying amount of the Company’s intangible assets that have indefinite lives and are not subject to amortization as of March 27, 2015 and June 30, 2014 are $210,000 and $223,000, respectively.  These assets are comprised of acquired trade names.

Longterm_Debt

Long-term Debt	9 Months Ended
	Mar. 27, 2015
Long-term Debt [Abstract]
Long-term Debt	J.	Long-term Debt
	Long-term debt at March 27, 2015 and June 30, 2014 consisted of the following (in thousands):
		March 27,	June 30,
		2015	2014
	Revolving loan	$5,235	$11,200
	10-year unsecured senior notes	7,143	7,143
	Other	22	61
	Subtotal	12,400	18,404
	Less: current maturities and short-term borrowings	-3,571	-3,604
	Total long-term debt	$8,829	$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 March 27, 2015, 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 (0.92% and 0.88% for March 27, 2015 and June 30, 2014, respectively), plus the current add-on related to the revolving loan agreement (1.00% for March 27, 2015 and June 30, 2014) resulting in a total rate of 1.92% and 1.88% for March 27, 2015 and June 30, 2014, respectively.  The fair value of the Company’s 10-year unsecured senior notes due April 10, 2016 was approximately $7,385,000 and $7,605,000 at March 27, 2015 and June 30, 2014, respectively.  The Company’s revolving loan agreement approximates fair value at March 27, 2015 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	9 Months Ended
	Mar. 27, 2015
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 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		1,320			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
		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		10,736			173	10,909
	Translation adjustments			-14,676		-86	-14,762
	Benefit plan adjustments, net of tax			1,545			1,545
	Cash dividends		-3,047			-219	-3,266
	Compensation expense and
	windfall tax benefits	388					388
	Shares (acquired) issued, net	-392			94		-298
	Balance-March 27, 2015	$11,969	$191,384	($29,074)	($28,047)	$595	$146,827
	Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three months ended September 27, December 27, 2013, and March 28, 2014, and September 26, December 26, 2014, and March 27, 2015, are as follows:
		Translation Adjustment	Benefit Plan Adjustment
	Balance at June 30, 2013	$ 16,949	($42,848)
	Other comprehensive loss before reclassifications	1,926	(62)
	Amounts reclassified from accumulated other comprehensive income	-	512
	Net current period other comprehensive income	1,926	450
	Balance at September 27, 2013	$ 18,875	($42,398)
	Other comprehensive loss before reclassifications	1,113	14
	Amounts reclassified from accumulated other comprehensive income	-	514
	Net current period other comprehensive income	1,113	528
	Balance at December 27, 2013	$ 19,988	($41,870)
	Other comprehensive loss before reclassifications	1,098	15
	Amounts reclassified from accumulated other comprehensive income	-	513
	Net current period other comprehensive income	1,098	528
	Balance at March 28, 2014	$ 21,086	($41,342)
		Translation Adjustment	Benefit Plan Adjustment
	Balance at June 30, 2014	$ 20,779	($36,722)
	Other comprehensive loss before reclassifications	(4,337)	-
	Amounts reclassified from accumulated other comprehensive income	-	488
	Net current period other comprehensive income	(4,337)	488
	Balance at September 26, 2014	$ 16,442	($36,234)
	Other comprehensive loss before reclassifications	(4,501)	27
	Amounts reclassified from accumulated other comprehensive income	-	488
	Net current period other comprehensive income	(4,501)	515
	Balance at December 26, 2014	$ 11,941	($35,719)
	Other comprehensive loss before reclassifications	(5,838)	54
	Amounts reclassified from accumulated other comprehensive income	-	488
	Net current period other comprehensive income	(5,838)	542
	Balance at March 27, 2015	$   6,103	($35,177)
	Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the three and nine months ended March 28, 2014 are as follows:
		Amount Reclassified Three Months Ended	Amount Reclassified Nine Months Ended
		28-Mar-14	28-Mar-14
	Amortization of benefit plan items
Actuarial losses	$   864 (a)	$  2,592 (a)
Transition asset and prior service benefit	19	57
Total before tax benefit	883	2,649
Tax benefit	370	1,110
Total reclassification net of tax	$   513	$  1,539
(a)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).
Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the three and nine months ended March 27, 2015 are as follows:
	Amount Reclassified Three Months Ended	Amount Reclassified Nine Months Ended
	27-Mar-15	27-Mar-15
Amortization of benefit plan items
Actuarial losses	$      767 (a)	$   2,303 (a)
Transition asset and prior service benefit	10	29
Total before tax benefit	777	2,332
Tax benefit	289	868
Total reclassification net of tax	$     488	$   1,464
(a)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).

Restructuring_of_Operations

Restructuring of Operations	9 Months Ended
	Mar. 27, 2015
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 $17,000 in the first nine months of fiscal 2015, resulting in a March 27, 2015 balance of $610,000 after a foreign exchange impact of $158,000.  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)	9 Months Ended
	Mar. 27, 2015
Basis of Presentation [Abstract]
New Accounting Releases	New Accounting Releases
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued guidance intended to amend current presentation guidance by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts.  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 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)	9 Months Ended
	Mar. 27, 2015
Inventory [Abstract]
Major Classes of Inventories	The major classes of inventories were as follows (in thousands):
		March 27,	June 30,
		2015	2014
	Inventories:
	Finished parts	$60,692	$66,418
	Work in process	11,356	12,419
	Raw materials	17,991	18,742
		$90,039	$97,579

Warranty_Tables

Warranty (Tables)	9 Months Ended
	Mar. 27, 2015
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 27, 2015 and March 28, 2014 (in thousands):
		Three Months Ended		Nine Months Ended
		Mar. 27,	Mar. 28,	Mar. 27,	Mar. 28,
		2015	2014	2015	2014
	Reserve balance, beginning of period	$5,952	$5,800	$5,968	$5,701
	Current period expense	582	399	1,812	1,541
	Payments or credits to customers	-453	-498	-1,482	-1,646
	Translation	-185	11	-402	116
	Reserve balance, end of period	$5,896	$5,712	$5,896	$5,712

Business_Segments_Tables

Business Segments (Tables)	9 Months Ended
	Mar. 27, 2015
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. 27,	Mar. 28,	Mar. 27,	Mar. 28,
		2015	2014	2015	2014
	Manufacturing segment sales	$54,519	$52,957	$178,143	$163,224
	Distribution segment sales	26,261	28,441	79,247	90,018
	Inter/Intra segment elimination - manufacturing	-16,441	-18,233	-50,902	-54,452
	Inter/Intra segment elimination - distribution	-3,398	-2,460	-8,032	-8,447
	Net sales	$60,941	$60,705	$198,456	$190,343
	Manufacturing segment net earnings (loss)	$3,589	($9)	$12,793	$3,662
	Distribution segment net earnings	1,341	1,516	4,297	4,818
	Corporate and eliminations	-1,984	-1,982	-6,354	-7,160
	Net earnings (loss) attributable to Twin Disc	$2,946	($475)	$10,736	$1,320
		Mar. 27,	June 30,
	Assets	2015	2014
	Manufacturing segment assets	$247,531	$254,652
	Distribution segment assets	56,185	57,233
	Corporate assets and elimination
	of inter-company assets	-57,340	-44,900
	Total assets	$246,376	$266,985

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Mar. 27, 2015
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. 27,	Mar. 28,	Mar. 27,	Mar. 28,
		2015	2014	2015	2014
	Pension Benefits:
	Service cost	$120	$135	$359	$402
	Interest cost	1,215	1,357	3,661	4,068
	Expected return on plan assets	-2,105	-1,648	-5,469	-4,942
	Amortization of transition obligation	10	19	29	57
	Amortization of net loss	607	714	1,825	2,141
	Net periodic benefit cost	($153)	$577	$405	$1,726
	Postretirement Benefits:
	Service cost	$8	$9	$23	$28
	Interest cost	144	165	434	494
	Amortization of net actuarial loss	160	150	478	451
	Net periodic benefit cost	$312	$324	$935	$973

Goodwill_and_Other_Intangibles1

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Mar. 27, 2015
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 27, 2015 were as follows (in thousands):
		Gross Carrying Amount	Accumulated Impairment	Net Book Value
	Balance at June 30, 2014	$ 17,133	($  3,670)	$13,463
	Translation adjustment	(645)	-	(645)
	Balance at March 27, 2015	$ 16,488	($ 3,670)	$12,818
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 27, 2015 and June 30, 2014 were as follows (in thousands):
			27-Mar-15
		Gross Carrying Amount	Accumulated Amortization	Accumulated Impairment	Net Book Value
	Licensing agreements	$  3,015	($  2,490)	$          -	$      525
	Non-compete agreements	2,128	(   2,045)	(        83)	-
	Trade name	1,675	(      169)	-	1,506
	Other	6,473	(   5,256)	(    1,194)	23
		$13,291	($  9,960)	($  1,277)	$   2,054
			30-Jun-14
		Gross Carrying Amount	Accumulated Amortization	Accumulated Impairment	Net Book Value
	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	$55
	2016	147
	2017	143
	2018	143
	2019	143
	2020	143

Longterm_Debt_Tables

Long-term Debt (Tables)	9 Months Ended
	Mar. 27, 2015
Long-term Debt [Abstract]
Long-term Debt	Long-term debt at March 27, 2015 and June 30, 2014 consisted of the following (in thousands):
		March 27,	June 30,
		2015	2014
	Revolving loan	$5,235	$11,200
	10-year unsecured senior notes	7,143	7,143
	Other	22	61
	Subtotal	12,400	18,404
	Less: current maturities and short-term borrowings	-3,571	-3,604
	Total long-term debt	$8,829	$14,800

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	9 Months Ended
	Mar. 27, 2015
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 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		1,320			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
		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		10,736			173	10,909
	Translation adjustments			-14,676		-86	-14,762
	Benefit plan adjustments, net of tax			1,545			1,545
	Cash dividends		-3,047			-219	-3,266
	Compensation expense and
	windfall tax benefits	388					388
	Shares (acquired) issued, net	-392			94		-298
	Balance-March 27, 2015	$11,969	$191,384	($29,074)	($28,047)	$595	$146,827
Reconciliation for the Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax, by Component	Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three months ended September 27, December 27, 2013, and March 28, 2014, and September 26, December 26, 2014, and March 27, 2015, are as follows:
		Translation Adjustment	Benefit Plan Adjustment
	Balance at June 30, 2013	$ 16,949	($42,848)
	Other comprehensive loss before reclassifications	1,926	(62)
	Amounts reclassified from accumulated other comprehensive income	-	512
	Net current period other comprehensive income	1,926	450
	Balance at September 27, 2013	$ 18,875	($42,398)
	Other comprehensive loss before reclassifications	1,113	14
	Amounts reclassified from accumulated other comprehensive income	-	514
	Net current period other comprehensive income	1,113	528
	Balance at December 27, 2013	$ 19,988	($41,870)
	Other comprehensive loss before reclassifications	1,098	15
	Amounts reclassified from accumulated other comprehensive income	-	513
	Net current period other comprehensive income	1,098	528
	Balance at March 28, 2014	$ 21,086	($41,342)
		Translation Adjustment	Benefit Plan Adjustment
	Balance at June 30, 2014	$ 20,779	($36,722)
	Other comprehensive loss before reclassifications	(4,337)	-
	Amounts reclassified from accumulated other comprehensive income	-	488
	Net current period other comprehensive income	(4,337)	488
	Balance at September 26, 2014	$ 16,442	($36,234)
	Other comprehensive loss before reclassifications	(4,501)	27
	Amounts reclassified from accumulated other comprehensive income	-	488
	Net current period other comprehensive income	(4,501)	515
	Balance at December 26, 2014	$ 11,941	($35,719)
	Other comprehensive loss before reclassifications	(5,838)	54
	Amounts reclassified from accumulated other comprehensive income	-	488
	Net current period other comprehensive income	(5,838)	542
	Balance at March 27, 2015	$   6,103	($35,177)
Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax	Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the three and nine months ended March 28, 2014 are as follows:
		Amount Reclassified Three Months Ended	Amount Reclassified Nine Months Ended
		28-Mar-14	28-Mar-14
	Amortization of benefit plan items
	Actuarial losses	$   864 (a)	$  2,592 (a)
	Transition asset and prior service benefit	19	57
	Total before tax benefit	883	2,649
	Tax benefit	370	1,110
	Total reclassification net of tax	$   513	$  1,539
	(a)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).
	Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the three and nine months ended March 27, 2015 are as follows:
		Amount Reclassified Three Months Ended	Amount Reclassified Nine Months Ended
		27-Mar-15	27-Mar-15
	Amortization of benefit plan items
	Actuarial losses	$      767 (a)	$   2,303 (a)
	Transition asset and prior service benefit	10	29
	Total before tax benefit	777	2,332
	Tax benefit	289	868
	Total reclassification net of tax	$     488	$   1,464
	(a)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended		9 Months Ended	12 Months Ended	6 Months Ended	3 Months Ended		12 Months Ended
	Mar. 27, 2015	Sep. 27, 2013	Mar. 27, 2015	Jun. 30, 2013	Dec. 26, 2014	Dec. 26, 2014	Sep. 26, 2014	Jun. 30, 2014
Revision of Prior Period Financial Statements [Abstract]
Impact of errors correction on earnings		$437,000
Impact of errors correction on earnings net of tax attributable to parent		69,000
Increase in impact of errors correction on earnings before income taxes and noncontrolling interest	282,000
Increase (decrease) in impact of errors correction on net earnings	2,000		-175,000
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
Overestimation of Pension Expenses [Member]
Revision of Prior Period Financial Statements [Abstract]
Impact of errors correction on earnings					282,000
Understatement of Earnings [Member]
Revision of Prior Period Financial Statements [Abstract]
Impact of errors correction on earnings						141,000	141,000
Understatement of Tax Expenses [Member]
Revision of Prior Period Financial Statements [Abstract]
Impact of errors correction on earnings								$175,000

Inventory_Details

Inventory (Details) (USD $)	Mar. 27, 2015	Jun. 30, 2014
In Thousands, unless otherwise specified
Inventories [Abstract]
Finished parts	$60,692	$66,418
Work in process	11,356	12,419
Raw materials	17,991	18,742
Inventories, net	$90,039	$97,579

Warranty_Details

Warranty (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014
Activity in warranty reserve [Abstract]
Reserve balance, beginning of period	$5,952,000	$5,800,000	$5,968,000	$5,701,000
Current period expense	582,000	399,000	1,812,000	1,541,000
Payments or credits to customers	-453,000	-498,000	-1,482,000	-1,646,000
Translation	-185,000	11,000	-402,000	116,000
Reserve balance, end of period	5,896,000	5,712,000	5,896,000	5,712,000
Current portion of warranty accrual	3,904,000	3,766,000	3,904,000	3,766,000
Long-term portion of warranty accrual	$1,992,000	$1,946,000	$1,992,000	$1,946,000

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014	Jun. 30, 2014
			Segment
Business Segments [Abstract]
Number of reportable segments			2
Segment Reporting Information [Line Items]
Net sales	$60,941	$60,705	$198,456	$190,343
Net earnings (loss) attributable to Twin Disc	2,946	-475	10,736	1,320
Assets	246,376		246,376		266,985
Corporate and Eliminations [Member]
Segment Reporting Information [Line Items]
Net earnings (loss) attributable to Twin Disc	-1,984	-1,982	-6,354	-7,160
Assets	-57,340		-57,340		-44,900
Manufacturing Segment [Member] | Inter/Intra Segment Elimination [Member]
Segment Reporting Information [Line Items]
Net sales	-16,441	-18,233	-50,902	-54,452
Manufacturing Segment [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Net sales	54,519	52,957	178,143	163,224
Net earnings (loss) attributable to Twin Disc	3,589	-9	12,793	3,662
Assets	247,531		247,531		254,652
Distribution Segment [Member] | Inter/Intra Segment Elimination [Member]
Segment Reporting Information [Line Items]
Net sales	-3,398	-2,460	-8,032	-8,447
Distribution Segment [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Net sales	26,261	28,441	79,247	90,018
Net earnings (loss) attributable to Twin Disc	1,341	1,516	4,297	4,818
Assets	$56,185		$56,185		$57,233

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014	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)			15,861	43,154
Stock awards vesting period			3 years	3 years
Number of shares of common stock that can be granted, maximum (in shares)	13,621	22,205	13,621	22,205
Unvested stock awards outstanding (in shares)	48,594	54,874	48,594	54,874
Compensation cost, recognized	$0	$0	$0	$0
Weighted average grant date fair value of unvested awards (in dollars per share)	$24.70		$24.70
Total fair value of stock awards vested			0	0
Accrued liabilities, employee benefits	0		0		0
Unrecognized compensation expense related to unvested shares	847,000		847,000
Performance Stock Awards [Member]
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]
Stock awards granted (in shares)			16,261	17,312
Stock awards vesting period			3 years	3 years
Number of shares of common stock that can be granted, maximum (in shares)	14,101	17,038	14,101	17,038
Unvested stock awards outstanding (in shares)	51,478	59,453	51,478	59,453
Compensation cost, recognized	0	0	0	0
Weighted average grant date fair value of unvested awards (in dollars per share)	$24.04		$24.04
Total fair value of stock awards vested			0	0
Unrecognized compensation expense related to unvested shares	1,238,000		1,238,000
Restricted Stock [Member]
Schedule of Share Based Compensation Arrangements by Options Activity and Exercise Price Range [Line Items]
Stock awards granted (in shares)			57,216	51,004
Unvested stock awards outstanding (in shares)	97,789	119,297	97,789	119,297
Compensation cost, recognized	8,000	308,000	425,000	934,000
Total fair value of stock awards vested			941,000	3,053,000
Unrecognized compensation expense related to unvested shares	$1,227,000		$1,227,000
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. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014
Components of Net Periodic Benefit Cost [Abstract]
Benefit plan adjustments reclassified from accumulated other comprehensive loss	$542	$528	$1,545	$1,506
Tax on reclassified benefit plan adjustments from accumulated other comprehensive loss	322	354	917	1,060
Pension Benefits [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	120	135	359	402
Interest cost	1,215	1,357	3,661	4,068
Expected return on plan assets	-2,105	-1,648	-5,469	-4,942
Amortization of transition obligation	10	19	29	57
Amortization of net actuarial loss	607	714	1,825	2,141
Net periodic benefit cost	-153	577	405	1,726
Expected contributions to its pension plan in 2015			6,172
Contributions made during period			5,562
Postretirement Benefits [Member]
Components of Net Periodic Benefit Cost [Abstract]
Service cost	8	9	23	28
Interest cost	144	165	434	494
Amortization of net actuarial loss	160	150	478	451
Net periodic benefit cost	$312	$324	$935	$973

Income_Taxes_Details

Income Taxes (Details) (USD $)	9 Months Ended
	Mar. 27, 2015	Mar. 28, 2014
Income Taxes [Abstract]
Effective income tax rate (in hundredths)	31.80%	66.60%
Income Tax Examination [Line Items]
Unrecognized tax benefits if recognized would favorably impact effective tax rate	$835,000
Increase in domestic earnings	$7,100,000
Italy, Canada, Belgium, and Japan [Member]
Income Tax Examination [Line Items]
Tax years that remain subject to examination	2009 through 2014
U.S. [Member]
Income Tax Examination [Line Items]
Tax years that remain subject to examination	subsequent to fiscal 2011

Goodwill_and_Other_Intangibles2

Goodwill and Other Intangibles (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014	Jun. 30, 2014
Intangible assets with finite lives [Abstract]
Gross Carrying Amount	$13,291,000		$13,291,000		$13,634,000
Accumulated Amortization	-9,960,000		-9,960,000		-9,783,000
Accumulated Impairment			-1,277,000		-1,277,000
Net Book Value	2,054,000		2,054,000		2,574,000
Goodwill [Roll Forward]
Gross Carrying Amount	16,488,000		16,488,000		17,133,000
Accumulated Impairment	-3,670,000		-3,670,000		-3,670,000
Translation adjustment			-645,000
Net Book Value	12,818,000		12,818,000		13,463,000
Intangible amortization expense	56,000	121,000	177,000	356,000
Estimated intangible amortization expense [Abstract]
2015	55,000		55,000
2016	147,000		147,000
2017	143,000		143,000
2018	143,000		143,000
2019	143,000		143,000
2020	143,000		143,000
Carrying amount of indefinite lived intangible assets, gross	210,000		210,000		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		3,015,000
Accumulated Amortization	-2,490,000		-2,490,000		-2,445,000
Accumulated Impairment			0		0
Net Book Value	525,000		525,000		570,000
Non-compete agreements [Member]
Intangible assets with finite lives [Abstract]
Gross Carrying Amount	2,128,000		2,128,000		2,128,000
Accumulated Amortization	-2,045,000		-2,045,000		-2,045,000
Accumulated Impairment			-83,000		-83,000
Net Book Value	0		0		0
Trade name [Member]
Intangible assets with finite lives [Abstract]
Gross Carrying Amount	1,675,000		1,675,000		2,009,000
Accumulated Amortization	-169,000		-169,000		-100,000
Accumulated Impairment			0		0
Net Book Value	1,506,000		1,506,000		1,909,000
Other [Member]
Intangible assets with finite lives [Abstract]
Gross Carrying Amount	6,473,000		6,473,000		6,482,000
Accumulated Amortization	-5,256,000		-5,256,000		-5,193,000
Accumulated Impairment			-1,194,000		-1,194,000
Net Book Value	$23,000		$23,000		$95,000

Longterm_Debt_Details

Long-term Debt (Details) (USD $)	9 Months Ended	12 Months Ended
	Mar. 27, 2015	Jun. 30, 2014
	Quarter
Debt Instrument [Line Items]
Subtotal	$12,400,000	$18,404,000
Less: current maturities and short-term borrowings	-3,571,000	-3,604,000
Total long-term debt	8,829,000	14,800,000
Number of recent quarters considered for minimum EBITDA	4
US treasury yield curve rate (in hundredths)	0.92%	0.88%
Add-on-to reference rate to calculate discount rate (in hundredths)	1.00%	1.00%
Total rate of interest (in hundredths)	1.92%	1.88%
Revolving Loan [Member]
Debt Instrument [Line Items]
Subtotal	5,235,000	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	7,385,000	7,605,000
Other [Member]
Debt Instrument [Line Items]
Subtotal	$22,000	$61,000

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014	Mar. 27, 2015	Mar. 28, 2014	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	3,047	-442	10,909	1,488
Translation adjustments	-5,892	1,054	-14,762	4,053
Benefit plan adjustments, net of tax	542	528	1,545	1,506
Cash dividends			-3,266	-3,532
Compensation expense and windfall tax benefits			388	1,457
Shares (acquired) issued, net			-298	-2,169
Balance, end of period	146,827	146,365	146,827	146,365
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			388	1,457
Shares (acquired) issued, net			-392	-2,964
Balance, end of period	11,969	11,676	11,969	11,676	13,183
Retained Earnings [Member]
Stockholders Equity [Line Items]
Balance, beginning of period			183,695	184,110
Net income			10,736	1,320
Cash dividends			-3,047	-3,045
Balance, end of period	191,384	182,385	191,384	182,385
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders Equity [Line Items]
Balance, beginning of period			-15,943	-25,899
Translation adjustments			-14,676	4,137
Benefit plan adjustments, net of tax			1,545	1,506
Balance, end of period	-29,074	-20,256	-29,074	-20,256
Treasury Stock [Member]
Stockholders Equity [Line Items]
Balance, beginning of period			-28,141	-28,890
Shares (acquired) issued, net			94	795
Balance, end of period	-28,047	-28,095	-28,047	-28,095
Non-Controlling Interest [Member]
Stockholders Equity [Line Items]
Balance, beginning of period			727	1,058
Net income			173	168
Translation adjustments			-86	-84
Cash dividends			-219	-487
Balance, end of period	$595	$655	$595	$655

Shareholders_Equity_Accumulate

Shareholders' Equity, Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended				9 Months Ended				3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014		Mar. 27, 2015		Mar. 28, 2014		Dec. 26, 2014	Sep. 26, 2014	Dec. 27, 2013	Sep. 27, 2013
Reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component [Roll Forward]
Balance, beginning of period					($15,943)					($15,943)
Balance, end of period	-29,074				-29,074
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit	707		-188		5,088		2,973
Total reclassification net of tax	3,047		-442		10,909		1,488
Translation Adjustment [Member]
Reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component [Roll Forward]
Balance, beginning of period	11,941		19,988		20,779		16,949		16,442	20,779	18,875	16,949
Other comprehensive loss before reclassifications	-5,838		1,098						-4,501	-4,337	1,113	1,926
Amounts reclassified from accumulated other comprehensive income	0		0						0	0	0	0
Net current period other comprehensive income	-5,838		1,098						-4,501	-4,337	1,113	1,926
Balance, end of period	6,103		21,086		6,103		21,086		11,941	16,442	19,988	18,875
Benefit Plans Adjustment [Member]
Reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component [Roll Forward]
Balance, beginning of period	-35,719		-41,870		-36,722		-42,848		-36,234	-36,722	-42,398	-42,848
Other comprehensive loss before reclassifications	54		15						27	0	14	-62
Amounts reclassified from accumulated other comprehensive income	488		513						488	488	514	512
Net current period other comprehensive income	542		528						515	488	528	450
Balance, end of period	-35,177		-41,342		-35,177		-41,342		-35,719	-36,234	-41,870	-42,398
Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial losses	767	[1]	864	[1]	2,303	[1]	2,592	[1]
Transition asset and prior service benefit	10		19		29		57
Total before tax benefit	777		883		2,332		2,649
Tax benefit	289		370		868		1,110
Total reclassification net of tax	$488		$513		$1,464		$1,539
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).

Restructuring_of_Operations_De

Restructuring of Operations (Details) (USD $)	3 Months Ended				9 Months Ended		12 Months Ended
	Mar. 27, 2015	Mar. 28, 2014	Sep. 27, 2013	Jun. 30, 2013	Mar. 27, 2015	Mar. 28, 2014	Jun. 30, 2014
Restructuring of Operations [Abstract]
Pre-tax restructuring charge	$0	$0	$1,094,000	$548,000	$0	$1,094,000
Cash payments					17,000		857,000
Accrual balance of restructuring charge	610,000				610,000		785,000
Foreign exchange impact					$158,000