Twin Disc (TWIN) 10-Q 3 Feb 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 25, 2015	Jan. 28, 2016
Entity Registrant Name	TWIN DISC INC
Entity Central Index Key	100,378
Trading Symbol	twin
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		11,350,174
Document Type	10-Q
Document Period End Date	Dec. 25, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 25, 2015	Jun. 30, 2015
Current assets:
Cash	$ 20,631,000	$ 22,936,000
Trade accounts receivable, net	33,632,000	43,883,000
Inventories	73,216,000	80,241,000
Deferred income taxes	3,731,000	4,863,000
Other	11,751,000	17,907,000
Total current assets	142,961,000	169,830,000
Property, plant and equipment, net	53,970,000	56,427,000
Goodwill, net	12,560,000	12,789,000
Deferred income taxes	9,699,000	4,878,000
Intangible assets, net	2,042,000	2,186,000
Other assets	4,453,000	3,752,000
Total assets	225,685,000	249,862,000
Current liabilities:
Short-term borrowings and current maturities of long-term debt	17,336,000	3,571,000
Accounts payable	17,501,000	20,729,000
Accrued liabilities	22,524,000	32,754,000
Total current liabilities	57,361,000	57,054,000
Long-term debt	23,000	10,231,000
Accrued retirement benefits	36,187,000	38,362,000
Deferred income taxes	919,000	1,093,000
Other long-term liabilities	2,210,000	2,955,000
Total liabilities	96,700,000	109,695,000
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	11,191,000	12,259,000
Retained earnings	182,142,000	190,807,000
Accumulated other comprehensive loss	(38,055,000)	(35,481,000)
Equity before treasury stock	155,278,000	167,585,000
Less treasury stock, at cost (1,749,294 and 1,832,121 shares, respectively)	26,790,000	28,057,000
Total Twin Disc shareholders' equity	128,488,000	139,528,000
Noncontrolling interest	497,000	639,000
Total equity	128,985,000	140,167,000
Total liabilities and equity	$ 225,685,000	$ 249,862,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Dec. 25, 2015	Jun. 30, 2015
Preferred Shares, Authorized (in shares)	200,000	200,000
Preferred Shares, Issued (in shares)	0	0
Preferred Shares, No Par Value (in dollars per share)	$ 0	$ 0
Common Shares, Authorized (in shares)	30,000,000	30,000,000
Common Shares, Issued (in shares)	13,099,468	13,099,468
Common Shares, No Par Value (in dollars per share)	$ 0	$ 0
Treasury Stock, Shares (in shares)	1,749,294	1,832,121

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Net sales	$ 44,829	$ 72,691	$ 82,201	$ 137,515
Cost of goods sold	33,223	50,588	62,406	93,023
Gross profit	11,606	22,103	19,795	44,492
Marketing, engineering and administrative expenses	14,592	$ 16,507	29,833	$ 32,417
Restructuring expenses	515		515
Other operating expense (income)	56		(445)
(Loss) earnings from operations	(3,557)	$ 5,596	(10,108)	$ 12,075
Interest expense	109	150	200	314
Other (income) expense, net	231	(142)	73	(482)
Non-operating income (expense)	340	8	273	(168)
(Loss) earnings before income taxes and noncontrolling interest	(3,897)	5,588	(10,381)	12,243
Tax benefit	(1,608)	1,788	(3,817)	4,381
Net (loss) earnings	(2,289)	3,800	(6,564)	7,862
Less: Net earnings attributable to noncontrolling interest, net of tax	(12)	(53)	(60)	(72)
Net (loss) earnings attributable to Twin Disc	$ (2,301)	$ 3,747	$ (6,624)	$ 7,790
Dividends per share (in dollars per share)	$ 0.09	$ 0.09	$ 0.18	$ 0.18
(Loss) earnings per share data:
Basic (loss) earnings per share attributable to Twin Disc common shareholders (in dollars per share)	(0.21)	0.33	(0.59)	0.69
Diluted (loss) earnings per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.21)	$ 0.33	$ (0.59)	$ 0.69
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	11,197	11,280	11,196	11,276
Dilutive stock awards (in shares)		4		5
Diluted shares outstanding (in shares)	11,197	11,284	11,196	11,281
Comprehensive income:
Net income	$ (2,289)	$ 3,800	$ (6,564)	$ 7,862
Benefit plan adjustments, net of income taxes of $465, $305, $891 and $595, respectively	805	515	1,544	1,003
Foreign currency translation adjustment	(2,316)	(4,542)	(4,128)	(8,870)
Comprehensive loss	(3,800)	(227)	(9,148)	(5)
Less: Comprehensive income attributable to noncontrolling interest	(19)	(13)	(48)	(41)
Comprehensive loss attributable to Twin Disc	$ (3,819)	$ (240)	$ (9,196)	$ (46)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Benefit plan adjustments, Tax	$ 465	$ 305	$ 891	$ 595

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014
Cash flows from operating activities:
Total reclassification net of tax	$ (6,564,000)	$ 7,862,000
Adjustments to reconcile net (loss) earnings to net cash (used) provided by operating activities:
Depreciation and amortization	4,423,000	$ 5,171,000
Restructuring expenses	442,000
Provision for deferred income taxes	(3,866,000)	$ 413,000
Other non-cash changes, net	720,000	644,000
Net change in operating assets and liabilities	396,000	(4,646,000)
Net cash (used) provided by operating activities	(4,449,000)	$ 9,444,000
Cash flows from investing activities:
Proceeds from sale of business (see Note L)	3,500,000
Proceeds from life insurance policy	1,907,000
Acquisitions of fixed assets	(2,876,000)	$ (4,520,000)
Proceeds from sale of fixed assets	80,000	101,000
Other, net	(271,000)	1,553,000
Net cash provided (used) by investing activities	2,340,000	(2,866,000)
Cash flows from financing activities:
Payments of notes payable	0	(28,000)
Borrowings under revolving loan agreement	42,012,000	40,225,000
Repayments under revolving loan agreement	(38,455,000)	(41,850,000)
Proceeds from exercise of stock options	12,000	15,000
Dividends paid to shareholders	(2,041,000)	(2,030,000)
Dividends paid to noncontrolling interest	(192,000)	(219,000)
Excess tax benefits (shortfall) from stock compensation	(267,000)	(36,000)
Payments of withholding taxes on stock compensation	(190,000)	(313,000)
Net cash provided (used) by financing activities	879,000	(4,236,000)
Effect of exchange rate changes on cash	(1,075,000)	(1,926,000)
Net change in cash	(2,305,000)	416,000
Cash:
Beginning of period	22,936,000	24,757,000
End of period	$ 20,631,000	$ 25,173,000

Note A - Basis of Presentation

Note A - Basis of Presentation	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	A. Basis of Presentation The unaudited condensed consolidated financial statements have been prepared by Twin Disc, Incorporated (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 Annual Report filed on Form 10-K for June 30, 2015. 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. New Accounting Releases In November 2015, the Financial Accounting Standards Board (“FASB”) issued guidance intended to simplify current presentation guidance by requiring that deferred income tax assets and liabilities, by jurisdiction, be presented in the balance sheet as noncurrent. The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 (the Company’s fiscal 2018), with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on the Company’s financial statements and disclosures. In July 2015, the FASB issued guidance intended to simplify the measurement of inventory and to closely align with International Financial Reporting Standards. Current guidance requires inventories to be measured at the lower of cost or market. Under this new guidance, inventories other than those measured under LIFO are to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is to be applied prospectively, and is effective for fiscal years beginning after December 15, 2016 (the Company’s fiscal 2018). The adoption of this guidance is not expected to have a material impact on the Company’s financial statements and disclosures. In July 2015, the FASB issued guidance to reduce complexity in employee benefit plan accounting, which is consistent with its Simplification Initiative of improving areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. This guidance update consists of several parts that affect the reporting of defined benefit pension plans, defined contribution pension plans, and their fair value measurements, among others. This guidance is effective for 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 April 2015, the 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 statements and disclosures. In August 2014, the 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 statements and disclosures. In May 2014, the FASB issued updated guidance on revenue from contracts with customers. This revenue recognition guidance supersedes existing U.S. 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, 2017 (the Company’s fiscal 2019). The Company is currently evaluating the potential impact of this guidance on the Company’s financial statements and disclosures.

Note B - Inventory

Note B - Inventory	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. Inventor ies The major classes of inventories were as follows: Dec. 25, 2015 June 30, 2015 Inventories: Finished parts $ 49,504 $ 56,982 Work in process 8,039 8,292 Raw materials 15,673 14,967 $ 73,216 $ 80,241

Note C - Warranty

Note C - Warranty	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	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 two quarters ended December 25, 2015 and December 26, 2014: For the Quarter Ended For the Two Quarters Ended Dec. 25, 2015 Dec. 26, 2014 Dec. 25, 2015 Dec. 26, 2014 Reserve balance, beginning of period $ 4,220 $ 5,835 $ 5,245 $ 5,968 Current period expense 402 683 99 1,230 Payments or credits to customers (540 ) (487 ) (1,261 ) (1,029 ) Translation (33 ) (79 ) (34 ) (217 ) Reserve balance, end of period $ 4,049 $ 5,952 $ 4,049 $ 5,952 The current portion of the warranty accrual ($2,888 and $3,934 for fiscal 2016 and 2015, respectively) is reflected in accrued liabilities, while the long-term portion ($1,161 and $2,018 for fiscal 2016 and 2015, respectively) is included in other long-term liabilities on the consolidated balance sheets.

Note D - Contingencies

Note D - Contingencies	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	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.

Note E - Business Segments

Note E - Business Segments	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	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: For the Quarter Ended For the Two Quarters Ended Dec. 25, 2015 Dec. 26, 2014 Dec. 25, 2015 Dec. 26, 2014 Net sales Manufacturing segment sales $ 39,458 $ 63,350 $ 69,038 $ 123,624 Distribution segment sales 16,605 28,975 36,806 52,986 Inter/Intra segment elimination - manufacturing (9,403 ) (17,067 ) (17,880 ) (34,461 ) Inter/Intra segment elimination – distribution (1,831 ) (2,567 ) (5,763 ) (4,634 ) $ 44,829 $ 72,691 $ 82,201 $ 137,515 Net (loss) earnings attributable to Twin Disc Manufacturing segment net (loss) earnings $ (1,188 ) $ 4,034 $ (3,956 ) $ 9,204 Distribution segment net (loss) earnings (35 ) 1,777 440 2,956 Corporate and eliminations (1,078 ) (2,064 ) (3,108 ) (4,370 ) $ (2,301 ) $ 3,747 $ (6,624 ) $ 7,790 Dec. 25, 2015 June 30, 2015 Assets Manufacturing segment assets $ 234,184 $ 254,749 Distribution segment assets 51,480 53,759 Corporate assets and elimination of intercompany assets (59,979 ) (58,646 ) $ 225,685 $ 249,862

Note F - Stock-based Compensati

Note F - Stock-based Compensation	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	F. Stock-Based Compensation Performance Stock Awards (“PSA”) During the first half of fiscal 2016 and 2015, the Company granted a target number of 60.5 and 15.6 PSAs, respectively, to various employees of the Company, including executive officers. The fiscal 2016 PSAs will vest if the Company achieves (a) performance-based target objectives relating to average annual sales and consolidated economic profit, and (b) relative Total Shareholder Return (“TSR”) (as defined in the PSA Grant Agreement), in the cumulative three fiscal year period ending June 30, 2018. These PSAs are subject to adjustment if the Company’s net sales, economic profit and relative TSR 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 90.7. Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing as compensation expense for the portion of the PSAs relating to the performance-based measure. Compensation expense relating to the relative TSR portion is recognized based on the grant date fair value over the vesting period. The fiscal 2015 PSAs will vest if the Company achieves a specified target objective relating to consolidated economic profit (as defined in the PSA Grant Agreement) in the cumulative three fiscal year period ending June 30, 2017. These PSAs 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 14.1. Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing compensation expense for these PSAs. There were 86.4 and 54.9 unvested PSAs outstanding at December 25, 2015 and December 26, 2014, respectively. The fair value of the PSAs (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 quarters ended December 25, 2015 and December 26, 2014, and, there was no compensation expense for the two quarters ended December 25, 2015 and December 26, 2014, related to PSAs. The weighted average grant date fair value of the unvested awards at December 25, 2015 was $19.31. At December 25, 2015, the Company had $1,669 of unrecognized compensation expense related to the unvested shares that would vest if the specified target objective was achieved for the fiscal 2016, 2015 and 2014 awards. The total fair value of PSAs vested as of December 25, 2015 and December 26, 2014 were $0. Performance Stock Unit Awards (“PSU”) During the first half of fiscal 2015, the Company granted a target number of 15.6 PSUs to various employees of the Company, including executive officers. There were no grants of PSUs during the first half of fiscal 2016. The fiscal 2015 PSUs will vest if the Company achieves a specified target objective relating to consolidated economic profit (as defined in the PSU Grant Agreement) in the cumulative three fiscal year period ending June 30, 2017. These PSUs 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 PSUs that can be awarded if the target objective is exceeded is 13.6. Based upon actual results to date and the low probability of achieving the threshold performance levels, the Company is currently not accruing compensation expense for the fiscal 2015 PSUs. There were 29.9 and 52.0 unvested PSUs outstanding at December 25, 2015 and December 26, 2014, respectively. The weighted average grant date fair value of the unvested awards at December 25, 2015 was $27.24. PSUs are remeasured at fair-value based upon the Company’s stock price at the end of each reporting period. The fair-value of the PSUs is expensed over the performance period for the shares that are expected to ultimately vest. There was no compensation expense for the quarters ended December 25, 2015 and December 26, 2014, and, there was no compensation expense for the two quarters ended December 25, 2015 and December 26, 2014, related to PSUs. At December 25, 2015, the Company had $335 of unrecognized compensation expense related to the unvested shares that would vest if the specified target objective was achieved for the fiscal 2015 and 2014 awards. The total fair value of PSU awards vested as of December 25, 2015 and December 26, 2014 were $0. The PSU awards are cash based, and would therefore be recorded as a liability on the Company’s consolidated balance sheets. As of December 25, 2015 and June 30, 2015, there were no awards included in liabilities in our consolidated balance sheets due to actual results to date and the low probability of achieving any of the threshold performance levels. Restricted Stock Awards (“RS”) The Company has unvested RS awards outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation expense over the vesting period, which is generally 1 to 3 years. During the first half of fiscal 2016 and 2015, the Company granted 95.7 and 51.7 service based restricted shares, respectively, to employees and non-employee directors in each year. There were 143.0 and 115.1 unvested shares outstanding at December 25, 2015 and December 26, 2014, respectively. Compensation expense of $288 and $309 was recognized for the quarters ended December 25, 2015 and December 26, 2014, respectively. Compensation expense of $643 and $417 was recognized for the two quarters ended December 25, 2015 and December 26, 2014, respectively. The total fair value of restricted stock grants vested as of December 25, 2015 and December 26, 2014 was $681 and $941, respectively. As of December 25, 2015, the Company had $1,707 of unrecognized compensation expense related to restricted stock which will be recognized over the next three years.

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	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: For the Quarter Ended For the Two Quarters Ended Dec. 25, 2015 Dec. 26, 2014 Dec. 25, 2015 Dec. 26, 2014 Pension Benefits: Service cost $ 128 $ 120 $ 258 $ 239 Interest cost 1,225 1,224 2,450 2,446 Expected return on plan assets (1,691 ) (1,683 ) (3,383 ) (3,364 ) Amortization of transition obligation 8 10 17 19 Amortization of actuarial net loss 898 609 1,806 1,218 Net periodic benefit cost $ 568 $ 280 $ 1,148 $ 558 Postretirement Benefits: Service cost $ 7 $ 7 $ 14 $ 15 Interest cost 151 145 302 290 Amortization of actuarial net loss 182 159 364 318 Net periodic benefit cost $ 340 $ 311 $ 680 $ 623 The Company expects to contribute approximately $2,240 to its pension plans in fiscal 2016. As of December 25, 2015, $1,179 in contributions have been made. The Company has reclassified $805 (net of $465 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the quarter ended December 25, 2015. The Company has reclassified $515 (net of $305 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the quarter ended December 26, 2014. The Company has reclassified $1,544 (net of $891 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the two quarters ended December 25, 2015. The Company has reclassified $1,003 (net of $595 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the two quarters ended December 26, 2014. These reclassifications are included in the computation of net periodic benefit cost.

Note H - Income Taxes

Note H - Income Taxes	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H. Income Taxes For the two quarters ended December 25, 2015 and December 26, 2014, the Company’s effective income tax rate was 36.8% and 35.8%, respectively. Expected foreign earnings are lower compared to prior year by $7,000. This resulted in lower foreign income inclusions and foreign tax credits, reducing the effective tax rate by 1.7%. A lower domestic earnings base and increased overall non-deductible expenses increased the effective tax rate by 1.5%. The fiscal 2016 rate also reflects benefits from the cumulative effect of the reinstatement of the federal research and development tax credit. The Company maintains valuation allowances when it is more likely than not that all or a portion of a deferred tax asset will not be realized. Changes in valuation allowances from period to period are included in the tax provision in the period of change. In determining whether a valuation allowance is required, the Company takes into account such factors as prior earnings history, expected future earnings, carry-back and carry-forward periods, and tax strategies that could potentially enhance the likelihood of realization of a deferred tax asset. Due to recent operating losses in 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. 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 Company has approximately $948 of unrecognized tax benefits, including related interest and penalties, as of December 25, 2015, 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 December 25, 2015. It appears 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 2011 through 2015 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 2010 through 2015. During the quarter the Company settled an income tax audit with the state of Minnesota covering the period fiscal 2011 through fiscal 2013 with immaterial impact. The Belgian audit remains ongoing, however, and it is anticipated that a final settlement will be reached in the third quarter of fiscal 2016. It is reasonably possible that other audit cycles will be completed during fiscal 2016.

Note I - Goodwill and Other Int

Note I - Goodwill and Other Intangibles	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I. Goodwill and Other Intangibles The Company tests goodwill for impairment annually and whenever events or circumstances make it more likely than not that an impairment may have occurred. The Company monitors for potential interim triggering events on an ongoing basis. Such potential triggering events include market capitalization of the Company below its book value, unfavorable operating results and industry macroeconomic trends. The Company’s market capitalization can be affected by, among other things, changes in industry or market conditions, changes in results of operations and changes in forecasts or market expectations related to future results. If the Company’s market capitalization remains below the Company’s carrying value for a sustained period of time, or, if such a decline becomes indicative that the fair value of the Company’s reporting units has declined to below their carrying values, an interim goodwill impairment test may need to be performed and may result in a non-cash goodwill impairment charge. A noncash goodwill impairment charge would have the effect of decreasing the Company’s earnings or increasing the Company’s losses in the period in which the impairment charge is taken. The Company concluded the decline in the Company’s market capitalization, as well as the downward trends noted within the oil and gas market, during the second quarter of fiscal 2016 was not indicative that the fair value of the Company’s reporting units had more likely than not declined below their carrying values at December 25, 2015. The Company will continue to monitor its market capitalization and other potential triggering events during the third quarter of fiscal 2016. The Company performs its required annual goodwill impairment test during the fourth quarter. The changes in the carrying amount of goodwill, all of which is allocated to the manufacturing segment, for the two quarters ended December 25, 2015 were as follows: Gross Carrying Amount Accumulated Impairment Net Book Value Balance at June 30, 2015 $ 16,459 $ (3,670 ) $ 12,789 Sale of business (25 ) - (25 ) Translation adjustment (204 ) - (204 ) Balance at December 25, 2015 $ 16,230 $ (3,670 ) $ 12,560 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 December 25, 2015 and June 30, 2015 were as follows: December 25, 2015 Gross Carrying Amount Accumulated Amortization Accumulated Impairment Net Book Value Licensing agreements $ 3,015 $ (2,535 ) $ - $ 480 Non-compete agreements 2,128 (2,045 ) (83 ) - Trade name 1,601 (235 ) - 1,366 Other 6,476 (5,280 ) (1,194 ) 2 $ 13,220 $ (10,095 ) $ (1,277 ) $ 1,848 June 30, 2015 Gross Carrying Amount Accumulated Amortization Accumulated Impairment Net Book Value Licensing agreements $ 3,015 $ (2,505 ) $ - $ 510 Non-compete agreements 2,128 (2,045 ) (83 ) - Trade name 1,653 (194 ) - 1,459 Other 6,476 (5,278 ) (1,194 ) 4 $ 13,272 $ (10,022 ) $ (1,277 ) $ 1,973 The weighted average remaining useful life of the intangible assets included in the table above is approximately 15 years. Intangible amortization expense was $37 and $59 for the quarters ended December 25, 2015, and December 26, 2014, respectively. Intangible amortization expense was $74 and $121 for the two quarters ended December 25, 2015, and December 26, 2014, respectively. Estimated intangible amortization expense for the remainder of fiscal 2016 and each of the next five fiscal years is as follows: Fiscal Year 2016 $ 73 2017 142 2018 142 2019 142 2020 142 2021 142 The gross carrying amount of the Company’s intangible assets that have indefinite lives and are not subject to amortization as of December 25, 2015 and June 30, 2015 are $194 and $213, respectively. These assets are comprised of acquired trade names.

Note J - Long-term Debt

Note J - Long-term Debt	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt Long-term debt at December 25, 2015 and June 30, 2015 consisted of the following: December 25, 2015 June 30, 2015 Revolving loan $ 13,765 $ 10,208 10-year unsecured senior notes 3,571 3,571 Other 23 23 Subtotal 17,359 13,802 Less: current maturities and short-term borrowings (17,336 ) (3,571 ) Total long-term debt $ 23 $ 10,231 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 25, 2015, the Company was in compliance with these covenants. As of December 25, 2015, the Company was unable to comply with one of the covenants pertaining to the revolving loan and unsecured senior notes, the minimum EBITDA for the most recent four fiscal quarters. On February 1, 2016, the prior terms of the revolving loan agreement and the unsecured senior notes agreement (which also includes a shelf notes agreement) were amended. The amended and restated revolving credit agreement will mature on May 31, 2018, unless terminated earlier pursuant to its terms and conditions. The amended agreements waived any events of default that may have occurred under the terms of the prior agreements. The amended agreements are secured against substantially all of the Company’s personal property, including accounts receivable, inventory fixed assets, and intellectual property, and the personal property of Mill-Log Equipment Co., Inc. (“Mill-Log”), a wholly-owned domestic subsidiary of the Company. The Company has also pledged 65% of its equity interests in certain foreign subsidiaries. The amended revolving loan agreement provides for a borrowing base calculation to determine borrowing capacity. This capacity will be based upon eligible domestic inventory, eligible accounts receivable and machinery and equipment, subject to certain adjustments. As of the date of the amendment, the Company’s borrowing capacity under the amended revolving loan agreement is approximately $30,000, and the Company has approximately $12,600 of available borrowings. The amended agreements also reduced the four-quarter EBITDA minimum through the third quarter of fiscal 2016, adjusted the definition of EBITDA to add back non-cash stock compensation expense and restructuring expenses subject to a maximum, and the amended revolving loan agreement increased the interest rate by 0.5% per year for as long as the Company is below a minimum EBITDA threshold . The Company is currently pursuing a long-term financing solution. As the Company anticipates it will not meet the minimum EBITDA covenant at a subsequent measurement date in the next twelve months, the outstanding balance of $13,765 under the revolving loan agreement at December 25, 2015 is classified as a current liability . 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 (1.33% and 1.01% for December 25, 2015 and June 30, 2015, respectively), plus the current add-on related to the revolving loan agreement (1.00% for December 25, 2015 and June 30, 2015) resulting in a total rate of 2.33% and 2.01% for December 25, 2015 and June 30, 2015, respectively. The fair value of the Company’s 10-year unsecured senior notes due April 10, 2016 was approximately $3,651 and $3,726 at December 25, 2015 and June 30, 2015, respectively. The Company’s revolving loan agreement approximates fair value at December 25, 2015 and June 30, 2015. 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.

Note K - Stockholders' Equity

Note K - Stockholders' Equity	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	K. Shareholders’ Equity The Company from time to time makes open market purchases of its common stock under authorizations given to it by the Board of Directors, of which 315 shares as of December 25, 2015 remain authorized for purchase. The Company did not make any open market purchases of its shares during the quarter ended December 25, 2015. The following is a reconciliation of the Company’s equity balances for the first two fiscal quarters of 2016 and 2015: Twin Disc, Inc. Shareholders’ Equity Common Stock Retained Earnings Accumulated Other Income (Loss) Treasury Stock Non- Controlling Total Equity Balance, June 30, 2015 $ 12,259 $ 190,807 $ (35,481 ) $ (28,057 ) $ 639 $ 140,167 Net (loss) income (6,624 ) 60 (6,564 ) Translation adjustments (4,118 ) (10 ) (4,128 ) Benefit plan adjustments, net of tax 1,544 1,544 Cash dividends (2,041 ) (192 ) (2,233 ) Compensation expense and windfall tax benefits 376 376 Shares (acquired) issued, net (1,444 ) 1,267 (177 ) Balance, December 25, 2015 $ 11,191 $ 182,142 $ (38,055 ) $ (26,790 ) $ 497 $ 128,985 Twin Disc, Inc. Shareholders’ Equity Common Stock Retained Earnings Accumulated Other Income (Loss) Treasury Stock Non- Controlling Total Equity Balance, June 30, 2014 $ 11,973 $ 183,695 $ (15,943 ) $ (28,141 ) $ 727 $ 152,311 Net income 7,790 72 7,862 Translation adjustments (8,838 ) (32 ) (8,870 ) Benefit plan adjustments, net of tax 1,003 1,003 Cash dividends (2,030 ) (219 ) (2,249 ) Compensation expense and windfall tax benefits 381 381 Shares (acquired) issued, net (657 ) 359 (298 ) Balance, December 26, 2014 $ 11,697 $ 189,455 $ (23,778 ) $ (27,782 ) $ 548 $ 150,140 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the quarters ended September 25, and December 25, 2015, and September 26, and December 26, 2014 are as follows: Translation Adjustment Benefit Plan Adjustment Balance at June 30, 2015 $ 6,740 $ (42,221 ) Other comprehensive (loss) income before reclassifications (1,787 ) 51 Amounts reclassified from accumulated other comprehensive income - 688 Net current period other comprehensive (loss) income (1,787 ) 739 Balance at September 25, 2015 $ 4,953 $ (41,482 ) Other comprehensive (loss) income before reclassifications (2,331 ) 124 Amounts reclassified from accumulated other comprehensive income - 681 Net current period other comprehensive (loss) income (2,331 ) 805 Balance at December 25, 2015 $ 2,622 $ (40,677 ) 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 (loss) income (4,337 ) 488 Balance at September 26, 2014 $ 16,442 $ (36,234 ) Other comprehensive (loss) income before reclassifications (4,501 ) 27 Amounts reclassified from accumulated other comprehensive income - 488 Net current period other comprehensive (loss) income (4,501 ) 515 Balance at December 26, 2014 $ 11,941 $ (35,719 ) Reconciliations for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the quarter ended December 25, 2015 are as follows: Amount Reclassified Quarter Ended Amount Reclassified Two Quarters Ended Amortization of benefit plan items Actuarial losses $ 1,080 (a) $ 2,170 (a) Transition asset and prior service benefit 8 (a) 17 (a) Total before tax benefit 1,088 2,187 Tax benefit 407 818 Total reclassification net of tax $ 681 $ 1,369 (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 quarter ended December 26, 2014 are as follows: Amount Reclassified Quarter Ended Amount Reclassified Two Quarters Ended Amortization of benefit plan items Actuarial losses $ 768 (a) $ 1,536 (a) Transition asset and prior service benefit 10 (a) 19 (a) Total before tax benefit 778 1,555 Tax benefit 290 579 Total reclassification net of tax $ 488 $ 976 (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).

Note L - Restructuring of Opera

Note L - Restructuring of Operations	6 Months Ended
	Dec. 25, 2015
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	L. Restructuring of Operations On November 6, 2015, the Company announced additional restructuring and cost reduction activities to further reduce expenses, as a result of challenging global market conditions within the Company’s oil and gas, global pleasure craft and Asian commercial marine markets. In its North American operations, fifteen full-time positions were eliminated, resulting in a charge of $292. In Italy, six full-time positions were eliminated, resulting in a charge of $143. These actions are in addition to and consistent with the restructuring plan announced in the fourth quarter of fiscal 2015, when the Company pro-actively initiated steps to reduce costs and increase efficiencies in anticipation of the unfavorable impact that a continued depressed oil and gas market would have on the Company’s products. As a result of these actions, and including additional expenses to the fourth quarter of fiscal 2015 restructuring activity of $80, the Company recorded a pre-tax restructuring charge of $515 in the current quarter. The restructuring plan announced in the fourth quarter of fiscal 2015 resulted in a pre-tax restructuring charge of $3,282 in that period. As of December 25, 2015, the Company carried a remaining liability of $29. On September 25, 2015, the Company, as part of its initiative to focus resources on core manufacturing and product development activities aimed at improving profitability, entered into an asset purchase agreement with one of its major distributor customers. Under this agreement, the Company sold distribution rights to its southeastern U.S. territories and certain assets, consisting primarily of inventories, for $4,100. The proceeds from the sale of distribution rights of $600 are deferred and will be amortized into revenue through June 2016, the initial term of the distribution agreement. The gain on sale previously recorded as other operating income in the statement of operations in first quarter of fiscal 2016 has been reduced by $56 in the current quarter, as part of a purchase price adjustment under the terms of the agreement, resulting in a year-to-date other operating income of $445. During fiscal years 2014 and 2013, the Company recorded pre-tax restructuring charges for a targeted workforce reduction at its Belgian operation, in the total amount of $1,642. As of December 25, 2015, the Company carried a remaining liability of $456.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 25, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Releases In November 2015, the Financial Accounting Standards Board (“FASB”) issued guidance intended to simplify current presentation guidance by requiring that deferred income tax assets and liabilities, by jurisdiction, be presented in the balance sheet as noncurrent. The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 (the Company’s fiscal 2018), with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on the Company’s financial statements and disclosures. In July 2015, the FASB issued guidance intended to simplify the measurement of inventory and to closely align with International Financial Reporting Standards. Current guidance requires inventories to be measured at the lower of cost or market. Under this new guidance, inventories other than those measured under LIFO are to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance is to be applied prospectively, and is effective for fiscal years beginning after December 15, 2016 (the Company’s fiscal 2018). The adoption of this guidance is not expected to have a material impact on the Company’s financial statements and disclosures. In July 2015, the FASB issued guidance to reduce complexity in employee benefit plan accounting, which is consistent with its Simplification Initiative of improving areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. This guidance update consists of several parts that affect the reporting of defined benefit pension plans, defined contribution pension plans, and their fair value measurements, among others. This guidance is effective for 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 April 2015, the 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 statements and disclosures. In August 2014, the 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 statements and disclosures. In May 2014, the FASB issued updated guidance on revenue from contracts with customers. This revenue recognition guidance supersedes existing U.S. 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, 2017 (the Company’s fiscal 2019). The Company is currently evaluating the potential impact of this guidance on the Company’s financial statements and disclosures.

Note B - Inventory (Tables)

Note B - Inventory (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	Dec. 25, 2015 June 30, 2015 Inventories: Finished parts $ 49,504 $ 56,982 Work in process 8,039 8,292 Raw materials 15,673 14,967 $ 73,216 $ 80,241

Note C - Warranty (Tables)

Note C - Warranty (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended For the Two Quarters Ended Dec. 25, 2015 Dec. 26, 2014 Dec. 25, 2015 Dec. 26, 2014 Reserve balance, beginning of period $ 4,220 $ 5,835 $ 5,245 $ 5,968 Current period expense 402 683 99 1,230 Payments or credits to customers (540 ) (487 ) (1,261 ) (1,029 ) Translation (33 ) (79 ) (34 ) (217 ) Reserve balance, end of period $ 4,049 $ 5,952 $ 4,049 $ 5,952

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended For the Two Quarters Ended Dec. 25, 2015 Dec. 26, 2014 Dec. 25, 2015 Dec. 26, 2014 Net sales Manufacturing segment sales $ 39,458 $ 63,350 $ 69,038 $ 123,624 Distribution segment sales 16,605 28,975 36,806 52,986 Inter/Intra segment elimination - manufacturing (9,403 ) (17,067 ) (17,880 ) (34,461 ) Inter/Intra segment elimination – distribution (1,831 ) (2,567 ) (5,763 ) (4,634 ) $ 44,829 $ 72,691 $ 82,201 $ 137,515 Net (loss) earnings attributable to Twin Disc Manufacturing segment net (loss) earnings $ (1,188 ) $ 4,034 $ (3,956 ) $ 9,204 Distribution segment net (loss) earnings (35 ) 1,777 440 2,956 Corporate and eliminations (1,078 ) (2,064 ) (3,108 ) (4,370 ) $ (2,301 ) $ 3,747 $ (6,624 ) $ 7,790
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Dec. 25, 2015 June 30, 2015 Assets Manufacturing segment assets $ 234,184 $ 254,749 Distribution segment assets 51,480 53,759 Corporate assets and elimination of intercompany assets (59,979 ) (58,646 ) $ 225,685 $ 249,862

Note G - Pension and Other Po23

Note G - Pension and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	For the Quarter Ended For the Two Quarters Ended Dec. 25, 2015 Dec. 26, 2014 Dec. 25, 2015 Dec. 26, 2014 Pension Benefits: Service cost $ 128 $ 120 $ 258 $ 239 Interest cost 1,225 1,224 2,450 2,446 Expected return on plan assets (1,691 ) (1,683 ) (3,383 ) (3,364 ) Amortization of transition obligation 8 10 17 19 Amortization of actuarial net loss 898 609 1,806 1,218 Net periodic benefit cost $ 568 $ 280 $ 1,148 $ 558 Postretirement Benefits: Service cost $ 7 $ 7 $ 14 $ 15 Interest cost 151 145 302 290 Amortization of actuarial net loss 182 159 364 318 Net periodic benefit cost $ 340 $ 311 $ 680 $ 623

Note I - Goodwill and Other I24

Note I - Goodwill and Other Intangibles (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Schedule of Goodwill [Table Text Block]	Gross Carrying Amount Accumulated Impairment Net Book Value Balance at June 30, 2015 $ 16,459 $ (3,670 ) $ 12,789 Sale of business (25 ) - (25 ) Translation adjustment (204 ) - (204 ) Balance at December 25, 2015 $ 16,230 $ (3,670 ) $ 12,560
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	December 25, 2015 Gross Carrying Amount Accumulated Amortization Accumulated Impairment Net Book Value Licensing agreements $ 3,015 $ (2,535 ) $ - $ 480 Non-compete agreements 2,128 (2,045 ) (83 ) - Trade name 1,601 (235 ) - 1,366 Other 6,476 (5,280 ) (1,194 ) 2 $ 13,220 $ (10,095 ) $ (1,277 ) $ 1,848 June 30, 2015 Gross Carrying Amount Accumulated Amortization Accumulated Impairment Net Book Value Licensing agreements $ 3,015 $ (2,505 ) $ - $ 510 Non-compete agreements 2,128 (2,045 ) (83 ) - Trade name 1,653 (194 ) - 1,459 Other 6,476 (5,278 ) (1,194 ) 4 $ 13,272 $ (10,022 ) $ (1,277 ) $ 1,973
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2016 $ 73 2017 142 2018 142 2019 142 2020 142 2021 142

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Schedule of Debt [Table Text Block]	December 25, 2015 June 30, 2015 Revolving loan $ 13,765 $ 10,208 10-year unsecured senior notes 3,571 3,571 Other 23 23 Subtotal 17,359 13,802 Less: current maturities and short-term borrowings (17,336 ) (3,571 ) Total long-term debt $ 23 $ 10,231

Note K - Stockholders' Equity (

Note K - Stockholders' Equity (Tables)	6 Months Ended
	Dec. 25, 2015
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Twin Disc, Inc. Shareholders’ Equity Common Stock Retained Earnings Accumulated Other Income (Loss) Treasury Stock Non- Controlling Total Equity Balance, June 30, 2015 $ 12,259 $ 190,807 $ (35,481 ) $ (28,057 ) $ 639 $ 140,167 Net (loss) income (6,624 ) 60 (6,564 ) Translation adjustments (4,118 ) (10 ) (4,128 ) Benefit plan adjustments, net of tax 1,544 1,544 Cash dividends (2,041 ) (192 ) (2,233 ) Compensation expense and windfall tax benefits 376 376 Shares (acquired) issued, net (1,444 ) 1,267 (177 ) Balance, December 25, 2015 $ 11,191 $ 182,142 $ (38,055 ) $ (26,790 ) $ 497 $ 128,985 Twin Disc, Inc. Shareholders’ Equity Common Stock Retained Earnings Accumulated Other Income (Loss) Treasury Stock Non- Controlling Total Equity Balance, June 30, 2014 $ 11,973 $ 183,695 $ (15,943 ) $ (28,141 ) $ 727 $ 152,311 Net income 7,790 72 7,862 Translation adjustments (8,838 ) (32 ) (8,870 ) Benefit plan adjustments, net of tax 1,003 1,003 Cash dividends (2,030 ) (219 ) (2,249 ) Compensation expense and windfall tax benefits 381 381 Shares (acquired) issued, net (657 ) 359 (298 ) Balance, December 26, 2014 $ 11,697 $ 189,455 $ (23,778 ) $ (27,782 ) $ 548 $ 150,140
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]	Translation Adjustment Benefit Plan Adjustment Balance at June 30, 2015 $ 6,740 $ (42,221 ) Other comprehensive (loss) income before reclassifications (1,787 ) 51 Amounts reclassified from accumulated other comprehensive income - 688 Net current period other comprehensive (loss) income (1,787 ) 739 Balance at September 25, 2015 $ 4,953 $ (41,482 ) Other comprehensive (loss) income before reclassifications (2,331 ) 124 Amounts reclassified from accumulated other comprehensive income - 681 Net current period other comprehensive (loss) income (2,331 ) 805 Balance at December 25, 2015 $ 2,622 $ (40,677 ) 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 (loss) income (4,337 ) 488 Balance at September 26, 2014 $ 16,442 $ (36,234 ) Other comprehensive (loss) income before reclassifications (4,501 ) 27 Amounts reclassified from accumulated other comprehensive income - 488 Net current period other comprehensive (loss) income (4,501 ) 515 Balance at December 26, 2014 $ 11,941 $ (35,719 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Quarter Ended Amount Reclassified Two Quarters Ended Amortization of benefit plan items Actuarial losses $ 1,080 (a) $ 2,170 (a) Transition asset and prior service benefit 8 (a) 17 (a) Total before tax benefit 1,088 2,187 Tax benefit 407 818 Total reclassification net of tax $ 681 $ 1,369 Amount Reclassified Quarter Ended Amount Reclassified Two Quarters Ended Amortization of benefit plan items Actuarial losses $ 768 (a) $ 1,536 (a) Transition asset and prior service benefit 10 (a) 19 (a) Total before tax benefit 778 1,555 Tax benefit 290 579 Total reclassification net of tax $ 488 $ 976

Note B - Inventory (Details)

Note B - Inventory (Details) - USD ($) $ in Thousands	Dec. 25, 2015	Jun. 30, 2015
Inventories:
Finished parts	$ 49,504	$ 56,982
Work in process	8,039	8,292
Raw materials	15,673	14,967
Total inventories	$ 73,216	$ 80,241

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	Dec. 25, 2015	Dec. 26, 2014
Product Warranty Accrual, Current	$ 2,888	$ 3,934
Product Warranty Accrual, Noncurrent	$ 1,161	$ 2,018

Note C - Warranty (Details)

Note C - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Reserve balance, beginning of period	$ 4,220	$ 5,835	$ 5,245	$ 5,968
Current period expense	402	683	99	1,230
Payments or credits to customers	(540)	(487)	(1,261)	(1,029)
Translation	(33)	(79)	(34)	(217)
Reserve balance, end of period	$ 4,049	$ 5,952	$ 4,049	$ 5,952

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	6 Months Ended
	Dec. 25, 2015
Number of Reportable Segments	2

Note E - Revenues by Segment (D

Note E - Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Manufacturing Segment [Member] | Operating Segments [Member]
Sales	$ 39,458	$ 63,350	$ 69,038	$ 123,624
Earnings	(1,188)	4,034	(3,956)	9,204
Manufacturing Segment [Member] | Inter/Intra Segment Elimination [Member]
Sales	(9,403)	(17,067)	(17,880)	(34,461)
Distribution Segment [Member] | Operating Segments [Member]
Sales	16,605	28,975	36,806	52,986
Earnings	(35)	1,777	440	2,956
Distribution Segment [Member] | Inter/Intra Segment Elimination [Member]
Sales	(1,831)	(2,567)	(5,763)	(4,634)
Corporate, Non-Segment [Member]
Earnings	(1,078)	(2,064)	(3,108)	(4,370)
Sales	44,829	72,691	82,201	137,515
Earnings	$ (2,301)	$ 3,747	$ (6,624)	$ 7,790

Note E - Assets by Segment (Det

Note E - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 25, 2015	Jun. 30, 2015
Manufacturing Segment [Member] | Operating Segments [Member]
Assets
Segment Assets	$ 234,184	$ 254,749
Distribution Segment [Member] | Operating Segments [Member]
Assets
Segment Assets	51,480	53,759
Corporate, Non-Segment [Member]
Assets
Segment Assets	(59,979)	(58,646)
Segment Assets	$ 225,685	$ 249,862

Note F - Stock-based Compensa33

Note F - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014	Jun. 30, 2015
Performance Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			0	15,600
Allocated Share-based Compensation Expense	$ 0	$ 0	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			0	$ 0
Deferred Compensation Share-based Arrangements, Liability, Current	$ 0		$ 0		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized					13,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	29,900	52,000	29,900	52,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 27.24		$ 27.24
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 335,000		$ 335,000
Performance Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			60,500	15,600
Allocated Share-based Compensation Expense	$ 0	$ 0	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	90,700		90,700		14,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	86,400	54,900	86,400	54,900
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 19.31		$ 19.31
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1,669,000		$ 1,669,000
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			95,700	51,700
Allocated Share-based Compensation Expense	$ 288,000	$ 309,000	$ 643,000	$ 417,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	143,000	115,100	143,000	115,100
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1,707,000		$ 1,707,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			681,000	941,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			3 years

Note G - Pension and Other Po34

Note G - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year			$ 2,240
Defined Benefit Plan, Contributions by Employer			1,179
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), Net of Tax	$ 805	$ 515	1,544	$ 1,003
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), Tax	$ 465	$ 305	$ 891	$ 595

Note G - Pension and Other Po35

Note G - Pension and Other Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 26, 2015	Dec. 26, 2014
Pension Benefits [Member]
Pension Benefits:
Service cost	$ 128	$ 120	$ 258	$ 239
Interest cost	1,225	1,224	2,450	2,446
Expected return on plan assets	(1,691)	(1,683)	(3,383)	(3,364)
Amortization of transition obligation	8	10	17	19
Amortization of actuarial net loss	898	609	1,806	1,218
Net periodic benefit cost	568	280	1,148	558
Postretirement Benefits [Member]
Pension Benefits:
Service cost	7	7	14	15
Interest cost	151	145	302	290
Amortization of actuarial net loss	182	159	364	318
Net periodic benefit cost	$ 340	$ 311	$ 680	$ 623

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014
Foreign Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year	2,011
Foreign Tax Authority [Member] | Latest Tax Year [Member]
Open Tax Year	2,015
Domestic Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year	2,011
State and Local Jurisdiction [Member] | Earliest Tax Year [Member] | Wisconsin Department of Revenue [Member]
Open Tax Year	2,010
State and Local Jurisdiction [Member] | Earliest Tax Year [Member] | Minnesota Department of Revenue [Member]
Income Tax Audit, Settlement Years	2,011
State and Local Jurisdiction [Member] | Latest Tax Year [Member] | Wisconsin Department of Revenue [Member]
Open Tax Year	2,015
State and Local Jurisdiction [Member] | Latest Tax Year [Member] | Minnesota Department of Revenue [Member]
Income Tax Audit, Settlement Years	2,013
Effective Income Tax Rate Reconciliation, Percent	36.80%	35.80%
Income Tax Reconciliation, Difference Between Expected Foreign Earnings and Prior Year's Foreign Earnings	$ 7,000
IncomeTaxReconciliationDifferenceBetweenExpectedForeignEarningsAndPriorYearsForeignEarningsPercentage	1.70%
Income Tax Reconciliation Reduction In Effective Tax Rate	1.50%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 948

Note I - Goodwill and Other I37

Note I - Goodwill and Other Intangibles (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014	Jun. 30, 2015
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			15 years
Amortization of Intangible Assets	$ 37	$ 59	$ 74	$ 121
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 194		$ 194		$ 213

Note I - Goodwill Rollforward (

Note I - Goodwill Rollforward (Details) $ in Thousands	6 Months Ended
	Dec. 25, 2015USD ($)
Beginning, Gross Carrying Amount	$ 16,459
Beginning, Net Book Value	12,789
Sale of business	(25)
Translation Adjustment	(204)
Ending, Gross Carrying Amount	16,230
Accumulated Impairment	(3,670)
Ending, Net Book Value	$ 12,560

Note I - Intangible Assets (Det

Note I - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 25, 2015	Jun. 30, 2015
Licensing Agreements [Member]
Gross Carrying Amount	$ 3,015	$ 3,015
Accumulated Amortization	(2,535)	(2,505)
Net Book Value	480	510
Noncompete Agreements [Member]
Gross Carrying Amount	2,128	2,128
Accumulated Amortization	(2,045)	(2,045)
Accumulated Impairment	(83)	(83)
Trade Names [Member]
Gross Carrying Amount	1,601	1,653
Accumulated Amortization	(235)	(194)
Net Book Value	1,366	1,459
Other Intangible Assets [Member]
Gross Carrying Amount	6,476	6,476
Accumulated Amortization	(5,280)	(5,278)
Net Book Value	2	4
Accumulated Impairment	(1,194)	(1,194)
Gross Carrying Amount	13,220	13,272
Accumulated Amortization	(10,095)	(10,022)
Net Book Value	1,848	1,973
Accumulated Impairment	$ (1,277)	$ (1,277)

Note I - Estimated Intangibles

Note I - Estimated Intangibles (Details) $ in Thousands	Dec. 25, 2015USD ($)
2,016	$ 73
2,017	142
2,018	142
2,019	142
2,020	142
2,021	$ 142

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 25, 2015	Jun. 30, 2015
Ten Year Unsecured Senior Notes [Member]
Debt Instrument, Maturity Date	Apr. 10, 2016
Long-term Debt	$ 3,571	$ 3,571
Debt Instrument, Term	10 years
Long-term Debt, Fair Value	$ 3,651	3,726
Revolving Loan [Member]
Line of Credit Facility, Current Borrowing Capacity	30,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 12,600
Debt Instrument, Increase in Interest Rate	0.50%
Long-term Debt	$ 13,765	$ 10,208
Debt Instrument, Basis Spread on Variable Rate	1.00%	1.00%
Number Of Recent Quarters Considered For Minimum Effective Interest Rate	4
Long-term Debt	$ 17,359	$ 13,802
Fair Value Assumptions, Risk Free Interest Rate	1.33%	1.01%
Debt Instrument, Interest Rate, Effective Percentage	2.33%	2.01%

Note J - Long-term Debt (Deta42

Note J - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 25, 2015	Jun. 30, 2015
Revolving Loan [Member]
Long-term Debt	$ 13,765	$ 10,208
Ten Year Unsecured Senior Notes [Member]
Long-term Debt	3,571	3,571
Other [Member]
Long-term Debt	23	23
Long-term Debt	17,359	13,802
Less: current maturities and short-term borrowings	(17,336)	(3,571)
Total long-term debt	$ 23	$ 10,231

Note K - Stockholders' Equity43

Note K - Stockholders' Equity (Details Textual) shares in Thousands	Dec. 25, 2015shares
Common Stock [Member]
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	315

Note K - Shareholders' Equity R

Note K - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Common Stock [Member]
Beginning Balance			$ 12,259	$ 11,973
Net income
Translation adjustments
Benefit plan adjustments, net of tax
Cash dividends
Compensation expense and windfall tax benefits			$ 376	$ 381
Shares (acquired) issued, net			(1,444)	(657)
Ending Balance	$ 11,191	$ 11,697	11,191	11,697
Retained Earnings [Member]
Beginning Balance			190,807	183,695
Net income			$ (6,624)	$ 7,790
Translation adjustments
Benefit plan adjustments, net of tax
Cash dividends			$ (2,041)	$ (2,030)
Compensation expense and windfall tax benefits
Shares (acquired) issued, net
Ending Balance	182,142	189,455	$ 182,142	$ 189,455
AOCI Attributable to Parent [Member]
Beginning Balance			$ (35,481)	$ (15,943)
Net income
Translation adjustments			$ (4,118)	$ (8,838)
Benefit plan adjustments, net of tax			$ 1,544	$ 1,003
Cash dividends
Compensation expense and windfall tax benefits
Shares (acquired) issued, net
Ending Balance	(38,055)	(23,778)	$ (38,055)	$ (23,778)
Treasury Stock [Member]
Beginning Balance			$ (28,057)	$ (28,141)
Net income
Translation adjustments
Benefit plan adjustments, net of tax
Cash dividends
Compensation expense and windfall tax benefits
Shares (acquired) issued, net			$ 1,267	$ 359
Ending Balance	(26,790)	(27,782)	(26,790)	(27,782)
Noncontrolling Interest [Member]
Beginning Balance			639	727
Net income			60	72
Translation adjustments			$ (10)	$ (32)
Benefit plan adjustments, net of tax
Cash dividends			$ (192)	$ (219)
Compensation expense and windfall tax benefits
Shares (acquired) issued, net
Ending Balance	497	548	$ 497	$ 548
Beginning Balance			140,167	152,311
Net income	(2,289)	3,800	(6,564)	7,862
Translation adjustments	(2,316)	(4,542)	(4,128)	(8,870)
Benefit plan adjustments, net of tax	805	515	1,544	1,003
Cash dividends			(2,233)	(2,249)
Compensation expense and windfall tax benefits			376	381
Shares (acquired) issued, net			(177)	(298)
Ending Balance	$ 128,985	$ 150,140	$ 128,985	$ 150,140

Note K - Accumulated Other Comp

Note K - Accumulated Other Comprehensive income (Loss), Net of Tax (Details) - USD ($)	3 Months Ended
	Dec. 25, 2015	Sep. 25, 2015	Dec. 26, 2014	Sep. 26, 2014
Translation Adjustment [Member]
Beginning Balance	$ 4,953,000	$ 6,740,000	$ 16,442,000	$ 20,779,000
Other comprehensive (loss) income before reclassifications	$ (2,331,000)	$ (1,787,000)	$ (4,501,000)	$ (4,337,000)
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income	$ (2,331,000)	$ (1,787,000)	$ (4,501,000)	$ (4,337,000)
Ending Balance	$ 2,622,000	$ 4,953,000	$ 11,941,000	$ 16,442,000
Amounts reclassified from accumulated other comprehensive income
Benefit Plan Adjustment [Member]
Beginning Balance	$ (41,482,000)	$ (42,221,000)	$ (36,234,000)	$ (36,722,000)
Other comprehensive (loss) income before reclassifications	124,000	51,000	27,000
Amounts reclassified from accumulated other comprehensive income	681,000	688,000	488,000	$ 488,000
Net current period other comprehensive income	805,000	739,000	515,000	488,000
Ending Balance	(40,677,000)	(41,482,000)	(35,719,000)	(36,234,000)
Amounts reclassified from accumulated other comprehensive income	681,000	688,000	$ 488,000	$ 488,000
Beginning Balance		$ (35,481,000)
Ending Balance	$ (38,055,000)

Note K - Reclassifications of A

Note K - Reclassifications of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 25, 2015	Dec. 26, 2014	Dec. 25, 2015	Dec. 26, 2014
Benefit Plan Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Actuarial losses	[1]	$ 1,080	$ 768	$ 2,170	$ 1,536
Transition asset and prior service benefit	[1]	8	10	17	19
Total before tax benefit		1,088	778	2,187	1,555
Tax benefit		407	290	818	579
Total reclassification net of tax		681	488	1,369	976
Tax benefit		(1,608)	1,788	(3,817)	4,381
Total reclassification net of tax		$ (2,289)	$ 3,800	$ (6,564)	$ 7,862
[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).

Note L - Restructuring of Ope47

Note L - Restructuring of Operations (Details Textual) $ in Thousands	Nov. 06, 2015USD ($)	Sep. 25, 2015USD ($)	Dec. 25, 2015USD ($)	Sep. 25, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 26, 2014USD ($)	Dec. 25, 2015USD ($)	Dec. 26, 2014USD ($)	Jun. 30, 2014USD ($)
North America [Member]
Restructuring and Related Cost, Number of Positions Eliminated	15
Restructuring Charges	$ 292
ITALY
Restructuring and Related Cost, Number of Positions Eliminated	6
Restructuring Charges	$ 143
Disposal Group, Distribution Rights and Certain Assets [Member] | Proceeds from the Sale of Distribution Rights to Be Amortized into Revenue [Member]
Proceeds from Sale of Intangible Assets		$ 600
Disposal Group, Distribution Rights and Certain Assets [Member]
Proceeds from Sale of Other Productive Assets		$ 4,100
Gain (Loss) on Disposition of Assets				$ 56
Belgian Operations [Member]
Restructuring Charges									$ 1,642
Restructuring Reserve			$ 456				$ 456
Restructuring Charges			515		$ 3,282		515
Restructuring Reserve, Accrual Adjustment			(80)
Restructuring Reserve			29				29
Other Operating Income			$ (56)	$ 445			$ 445