Twin Disc (TWIN) 10-K 29 Aug 19 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2019	Aug. 22, 2019	Dec. 28, 2018
Document Information [Line Items]
Entity Registrant Name	TWIN DISC INC
Entity Central Index Key	0000100378
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 Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		13,332,485
Entity Public Float			$ 152,303,678
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Cash	$ 12,362,000	$ 15,171,000
Accounts receivable, net	44,013,000	45,422,000
Inventories	125,893,000	84,001,000
Prepaid expenses	11,681,000	8,423,000
Other	8,420,000	6,252,000
Total current assets	202,369,000	159,269,000
Property, plant and equipment, net	71,258,000	55,467,000
Goodwill, net	25,954,000	2,692,000
Deferred income taxes	18,178,000	18,056,000
Intangible assets, net	25,353,000	1,906,000
Other assets	3,758,000	3,850,000
Total assets	346,870,000	241,240,000
Current liabilities:
Short-term borrowings and current maturities of long-term debt	2,000,000
Accounts payable	31,468,000	29,368,000
Total accrued liabilities	39,609,000	32,976,000
Total current liabilities	73,077,000	62,344,000
Long-term debt	40,491,000	4,824,000
Lease obligations	14,683,000	6,527,000
Accrued retirement benefits	25,878,000	21,068,000
Deferred income taxes	7,429,000	1,203,000
Other long-term liabilities	2,494,000	1,658,000
Total liabilities	164,052,000	97,624,000
Commitments and contingencies (Note Q)
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0	0
Common shares authorized: 30,000,000; issued: 14,632,802 and 13,099,468, respectively; no par value	45,047,000	11,570,000
Retained earnings	196,472,000	178,896,000
Accumulated other comprehensive loss	(37,971,000)	(23,792,000)
Equity before treasury stock	203,548,000	166,674,000
Less treasury stock, at cost (1,392,524 and 1,545,783 shares, respectively)	21,332,000	23,677,000
Total Twin Disc shareholders' equity	182,216,000	142,997,000
Noncontrolling interest	602,000	619,000
Total equity	182,818,000	143,616,000
Total liabilities and equity	$ 346,870,000	$ 241,240,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands	Jun. 30, 2019	Jun. 30, 2018
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)	14,632,802	13,098,468
Common Shares, No Par Value (in dollars per share)	$ 0	$ 0
Treasury Stock, Shares (in shares)	1,392,524	1,545,783

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Sales	$ 302,663,000	$ 240,733,000
Cost of goods sold	213,022,000	160,092,000
Gross profit	89,641,000	80,641,000
Marketing, engineering and administrative expenses	71,541,000	61,095,000
Restructuring expenses	1,179,000	3,398,000
Other operating income	(1,577,000)
Income from operations	18,498,000	16,148,000
Other income (expense):
Interest income	43,000	55,000
Interest expense	(1,927,000)	(282,000)
Other income (expense), net	(2,107,000)	(1,501,000)
Non-operating income (expense)	3,991,000	1,728,000
(Loss) earnings before income taxes and noncontrolling interest	14,507,000	14,420,000
Income tax expense	3,711,000	4,773,000
Net income	10,796,000	9,647,000
Less: Net earnings attributable to noncontrolling interest, net of tax	(123,000)	(119,000)
Net income attributable to Twin Disc	$ 10,673,000	$ 9,528,000
Income per share data:
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.84	$ 0.82
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.83	$ 0.82
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	12,571	11,295
Dilutive stock awards (in shares)	111	100
Diluted shares outstanding (in shares)	12,682	11,395
Comprehensive income:
Net income	$ 10,796,000	$ 9,647,000
Foreign currency translation adjustment	(2,671,000)	981,000
Benefit plan adjustments, net of income taxes of ($1,242) and $3,207, respectively	(4,121,000)	7,924,000
Unrealized loss on cash flow hedge, net of income taxes of $156 and $0	(509,000)	0
Comprehensive income	3,495,000	18,552,000
Less: Comprehensive income attributable to noncontrolling interest	(98,000)	(145,000)
Comprehensive income attributable to Twin Disc	$ 3,397,000	$ 18,407,000

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Benefit plan adjustments, income taxes	$ (1,242)	$ 3,207
Unrealized loss on cash flow hedge, income taxes	$ 156	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 10,796	$ 9,647
Adjustments to reconcile net income to net cash (used) provided by operating activities:
Depreciation and amortization	9,335	6,464
Amortization of inventory fair value step-up	4,277
Stock compensation expense	2,591	2,062
Restructuring of operations		238
Gain on sale of Mill Log Business	(768)
Gain on contingent consideration of Veth Propulsion acquisition	(809)
Provision for deferred income taxes	6,846	3,004
Other, net	84	(63)
Changes in operating assets and liabilities
Trade accounts receivable	11,177	(13,774)
Inventories	(27,671)	(17,460)
Other assets	(10,159)	1,537
Accounts payable	(1,013)	6,844
Accrued liabilities	(9,896)	10,096
Accrued/prepaid retirement benefits	(251)	(2,084)
Net cash (used) provided by operating activities	(5,461)	6,511
Cash flows from investing activities, net of acquired business:
Capital expenditures	(11,979)	(6,328)
Acquisition of Veth Propulsion, less cash acquired	(60,195)
Proceeds from sale of plant assets	239	152
Proceeds from sale of Mill Log business (see Note R)	5,158
Proceeds from life insurance policy	101
Other, net	(233)	(128)
Net cash used by investing activities	(66,909)	(6,304)
Cash flows from financing activities:
Proceeds from issuance of common stock, net	32,210
Borrowings under long-term debt agreement	44,480
Borrowings under revolving loan agreement	147,854	80,642
Repayments under revolving loan agreement	(129,548)	(82,143)
Repayments of long-term borrowings	(24,752)
Payments of withholding taxes on stock compensation	(1,005)	(422)
Dividends paid to noncontrolling interest	(115)	(172)
Proceeds from exercise of stock options	36	29
Net cash provided (used) by financing activities	69,160	(2,066)
Effect of exchange rate changes on cash	401	663
Net change in cash	(2,809)	(1,196)
Cash:
Beginning of year	15,171	16,367
End of year	12,362	15,171
Supplemental cash flow information:
Interest	1,906	304
Income taxes	$ 1,927	$ (7)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance at Jun. 30, 2017	$ 10,429,000	$ 169,368,000	$ (32,671,000)	$ (24,205,000)	$ 646,000	$ 123,567,000
Net income		9,528,000			119,000	9,647,000
Translation adjustments			955,000		26,000	981,000
Benefit plan adjustments, net of tax			7,924,000			7,924,000
Cash dividends					(172,000)	(172,000)
Compensation expense	2,062,000					2,062,000
Shares (acquired) issued, net	(921,000)			528,000		(393,000)
Unrealized loss on cash flow hedge, net of tax						0
Balance at Jun. 30, 2018	11,570,000	178,896,000	(23,792,000)	(23,677,000)	619,000	143,616,000
Net income		10,673,000			123,000	10,796,000
Translation adjustments			(2,646,000)		(25,000)	(2,671,000)
Benefit plan adjustments, net of tax			(4,121,000)			(4,121,000)
Cash dividends					(115,000)	(115,000)
Compensation expense	2,591,000					2,591,000
Shares (acquired) issued, net	30,886,000			2,345,000		33,231,000
Unrealized loss on cash flow hedge, net of tax			(509,000)			(509,000)
Release stranded tax effects		6,903,000	(6,903,000)
Balance at Jun. 30, 2019	$ 45,047,000	$ 196,472,000	$ (37,971,000)	$ (21,332,000)	$ 602,000	$ 182,818,000

Note A - Basis of Presentation

Note A - Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements and information included in this Annual Report on Form 10 10 July 2, 2018 June 30, 2019. 10 Significant Accounting Policies The following is a summary of the significant accounting policies followed in the preparation of these financial statements: Consolidation Principles May 31, March 31. Management Estimates-- Translation of Foreign Currencies $681 $198 2019 2018, Cash three not Accounts Receivable $1,582 $1,478 June 30, 2019 2018, may may Fair Value of Financial Instruments . 1 2 June 30, 2019. June 30, 2019. 2 Derivative Financial Instruments - Inventories first first first Property, Plant and Equipment and Depreciation 10 40 5 15 not Impairment of Long-lived Assets may not may third Goodwill and Other Intangibles fourth may not A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may Goodwill impairment charges are recorded using a simplified one In fiscal 2018 2019, first fourth not The Company conducted interim qualitative assessments throughout the year, and its annual assessment for goodwill impairment as of March 30, 2019 June 30, 2018 The fair value of the Company’s other intangible assets with indefinite lives, primarily tradenames, is estimated using the relief-from-royalty method, which requires assumptions related to projected revenues; assumed royalty rates that could be payable if the Company did not June 30, 2019 no Changes in circumstances, existing at the measurement date or at other times in the future, or in the numerous estimates associated with management’s judgments, assumptions and estimates made in assessing the fair value of goodwill and other indefinite-lived intangibles, could result in an impairment charge in the future. The Company will continue to monitor all significant estimates and impairment indicators, and will perform interim impairment reviews as necessary. Any cost incurred to extend or renew the term of an indefinite lived intangible asset are expensed as incurred. Income Taxes not not not Revenue Recognition five 1 2 3 4 5 not not no Goods sold to third Shipping and Handling Fees and Costs Recently Adopted Accounting Standards a. In May 2014, the Financial Accounting Standards Board (“FASB”) issued updated guidance (ASU 2014 - 09 ) on revenue from contracts with customers. This revenue recognition guidance supersedes existing guidance, including industry-specific guidance. The core principle is that an entity should recognize revenue to depict the transfer of control over 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. The Company adopted this guidance effective July 1, 2018, using the modified retrospective method. Prior periods presented were not retrospectively adjusted for this change. The Company has applied the new revenue recognition standard only to contracts that were not completed as of July 1, 2018. The Company determined that deferral of revenue is appropriate for certain agreements where the performance of services after product delivery is required. Such services primarily pertain to technical commissioning services by its entities in its marine and propulsion business, whereby the Company’s technicians calibrate the controls and transmission to ensure proper performance for the customer’s specific application. This service helps identify issues with the ship's design or performance that need to be remediated by the ship builder or other component suppliers prior to the ship being officially accepted into service by the ship buyer. The cumulative effect adjustment of adopting the new standard is not significant to the Company’s results of operations and financial condition. b. In February 2016, the FASB issued guidance (ASU 2016 - 02 ) which replaces the existing guidance for leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. The Company elected to early adopt the standard effective July 1, 2018 concurrent with the adoption of ASU 2014 - 09, Revenue from Contracts with Customers, using the modified retrospective approach at the beginning of the earliest comparative period presented in the financial statements, which required the Company to restate each prior reporting period presented. For operating leases in which the Company is a lessee, the Company concluded that all existing operating leases under the old guidance continue to be classified as operating leases under the new guidance, and all existing capital leases under the old guidance are classified as finance leases under the new guidance. The Company excluded any lease contracts with terms of twelve months or less as of the adoption date. The Company has lease agreements with lease and non-lease components, which are generally accounted for as separate lease components. The Company accounts for short-term leases on a straight-line basis over the lease term. The following table presents the effect of the adoption of ASU 2016 - 02 on the Company’s condensed consolidated balance sheet as of June 30, 2018: June 30, 2018 Adoption June 30, 2018 As Reported Impact Restated Property, plant and equipment, net $ 48,940 $ 6,527 $ 55,467 Lease obligations - 6,527 6,527 The adoption of ASU 2014 - 09 and ASU 2016 - 02 did not have an impact on the Company’s consolidated statement of operations and comprehensive income or consolidated statement of cash flows for the year ended June 30, 2018. c. In March 2017, the FASB issued guidance (ASU 2017 - 07 ) intended to improve the presentation of net periodic pension cost and net periodic postretirement cost. This guidance requires that an employer report the service cost component in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the statement of operations separately from the service cost component and outside the subtotal of income from operations. The Company adopted this guidance effective July 1, 2018 on a retrospective basis, which resulted in the reclassification of certain amounts from cost of goods sold and marketing, engineering and administrative expenses to other income (expense), net in the condensed consolidated statements of operations and comprehensive income. As a result, prior period amounts impacted have been revised accordingly. There was no impact to net income. The following table presents the effect of the adoption of ASU 2017 - 07 on the Company’s condensed consolidated statements of operations and comprehensive income for the year ended June 30, 2018: For the Year Ended June 30, 2018 Adoption June 30, 2018 As Reported Impact Restated Cost of goods sold $ 160,497 $ (405 ) $ 160,092 Gross profit 80,236 405 80,641 Marketing, engineering and administrative expenses 61,909 (814 ) 61,095 Income from operations 14,929 1,219 16,148 Other income (expense), net (282 ) (1,219 ) (1,501 ) d. In February 2018, the FASB issued guidance (ASU 2018 - 02 ) intended to eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Act by allowing a reclassification from accumulated other comprehensive income to retained earnings. The Company elected to early adopt this guidance effective July 1, 2018 by making a reclassification of $6,903 from accumulated other comprehensive loss to retained earnings. e. In October 2016, the FASB issued updated guidance (ASU 2016 - 16 ) that changes the recognition of income tax consequences of an intra-entity transfer of an asset other than inventory. The Company adopted this guidance effective July 1, 2018. The adoption of this guidance did not have a material impact on the Company’s financial statements and disclosures. f. In August 2016, the FASB issued updated guidance (ASU 2016 - 15 ) that addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The Company adopted this guidance effective July 1, 2018. The adoption of this guidance did not have a material impact on the Company’s financial statements and disclosures. g. In August 2017, the FASB issued ASU 2017 - 12, Derivatives and Hedging (ASC 815 ) - Targeted Improvements to Accounting for Hedging Activities. The amendments in this guidance better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The Company elected to early adopt this standard during the fourth quarter of fiscal 2019. The adoption of this guidance did not have a material impact on the Company’s financial statements and disclosures. h. In August 2018, the SEC issued Release No. 33 - 10532, Disclosure Update and Simplification. In addition to eliminating certain disclosure requirements, this release also amends the interim financial statement requirements to require provision of the information required by Regulation S- X Rule 3 - 04 for the current and comparative year-to-date periods, with subtotals for each interim period. Rule 3 - 04 requires a reconciliation of stockholders’ equity beginning and ending balances for each period for which a statement of comprehensive income is required to be filed. The Company adopted this guidance during the Company’s second quarter of fiscal year 2019. The adoption of this guidance did not have a material impact on the Company’s disclosures. New Accounting Releases a. In June 2018, the FASB issued guidance (ASU 2018 - 07 ) intended to simplify the accounting for share based payments granted to nonemployees. Under the amendments in this guidance, payments to nonemployees would be aligned with the requirements for share based payments granted to employees. The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, ( the Company’s fiscal 2020 ), including interim periods within that fiscal year. The Company is currently evaluating the potential impact of this guidance on the Company’s financial statements and disclosures. b. In August 2018, the FASB issued updated guidance (ASU 2018 - 13 ) as part of the disclosure framework project, which focuses on improving the effectiveness of disclosures in the notes to the financial statements. The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. The amendments in this guidance are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 ( the Company’s fiscal 2021 ), with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on the Company’s disclosures. c. In August 2018, the FASB issued updated guidance (ASU 2018 - 14 ) intended to modify the disclosure requirements for employers that sponsor defined pension or postretirement plans. The amendments in this guidance are effective for fiscal years ending after December 15, 2020 ( the Company’s fiscal 2021 ), with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on the Company’s disclosures. Special Note Regarding Smaller Reporting Company Status In June 2018, 33 10513; 34 83550, 12b 2 1934, 1 $250 2 $100 $700 no September 10, 2018, first 2019. second 2019. may may

Note B - Acquisition of Veth Pr

Note B - Acquisition of Veth Propulsion Holding BV	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Business Combination Disclosure [Text Block]	B. A CQUISITION OF V ETH P ROPULSION HOLDING B . V . On July 2, 2018, 100% June 13, 2018. Under the terms of the Purchase Agreement, the Company paid an aggregate of approximately $59,407 $1,991 May 13, 2019, 139,347 $2,921 $3,300. The total consideration transferred at acquisition date was: Cash, paid at closing and after agreed-upon working capital adjustments $ 59,407 Fair value of contingent consideration at acquisition date 2,921 Total $ 62,328 Fair value of assets acquired and liabilities assumed at acquisition date: Fair Value of Assets Acquired Cash, including restricted cash $ 1,078 Accounts receivable and other current assets 10,437 Inventories 26,862 Property, plant and equipment 2,661 Intangibles (a) 26,500 Accounts payable and accrued liabilities (21,208 ) Deferred tax liability (8,001 ) Total net assets acquired 38,329 Goodwill (b) 23,999 Total consideration $ 62,328 (a) Intangibles consist of customer relationships, technology and know-how and tradenames, with estimated useful lives 12 7 10 9 (b) The Company is not The Company financed the payment of the cash consideration through borrowings under a new credit agreement entered into on June 29, 2018 Summary Pro Forma Financial Information The following table presents financial information for Veth Propulsion that is included in the Company’s consolidated statement of operations for the year ended June 30, 2019: Year Ended June 30, 2019 Net sales $ 54,909 Gross profit (a) 10,085 Operating loss (b) (1,281 ) Net loss attributable to Twin Disc (1,849 ) (a) Gross profit includes the non-recurring purchase accounting charge for the step-up of inventories acquired of $4,277 (b) In addition to (a), operating loss includes the depreciation of property, plant and equipment and amortization of intangible assets acquired of $2,636 one $461 The following table presents unaudited supplemental pro forma information as if the acquisition of Veth Propulsion had occurred on July 1, 2017. Year Ended Year Ended June 30, 2019 June 30, 2018 Net sales $ 302,663 $ 296,556 Gross profit (a) 93,918 92,158 Net income attributable to Twin Disc (b) 14,227 5,277 Basic income per share attributable to Twin Disc common shareholders $ 1.13 $ 0.47 Diluted income per share attributable to Twin Disc common shareholders $ 1.12 $ 0.46 Weighted average number of common shares outstanding: Basic 12,571 11,295 Diluted 12,682 11,395 (a) Gross profit includes the amortization of the step-up of inventories of $4,715 June 30, 2018. June 30, 2019, $4,277 (b) In addition to (a), this includes the amortization of intangible assets acquired and interest expense on borrowings under the Credit Agreement net of other expenses, amounting to $4,542 June 30, 2018, $1,768 one June 30, 2019, one $461.

Note C - Revenue Recognition

Note C - Revenue Recognition	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	C. REVENUE R ECOGNITION The Company designs, manufactures and sells marine and heavy duty off highway power transmission equipment. Products offered include: marine transmissions, azimuth drives, 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 its products to customers primarily in the commercial, pleasure craft, and military marine markets as well as in the energy and natural resources, government and industrial markets. The Company's worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. Identify contract with customer: The Company’s customers consist of distributors and direct end-users. With regard to distributors, the Company generally has written distribution agreements which describe the terms of the distribution arrangement, such as the product range, the sales territory, product pricing, sales support, payment and returns policy, etc. Customer contracts are generally in the form of acknowledged purchase orders. Services to be rendered, as part of the delivery of those products, are also generally specified. Such services include installation reviews and technical commissioning. Performance obligations: The Company’s performance obligations primarily consist of product delivery and certain service obligations such as technical commissioning, repair services, installation reviews, and shift development. Transaction price: The Company considers the invoice price as the transaction price. Allocation of transaction price: The Company determined that the most relevant allocation method for its service obligations is to apply the expected cost plus appropriate margin. This is the Company’s practice of billing for repairs, overhaul, and other product service related time incurred by its technicians. Recognize revenue: Revenue is recognized as each performance obligation is satisfied which is typically at a point in time. For technical commissioning, repairs, installation review, and shift development services, revenue is recognized upon completion of the service. Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the year ended June 30, 2019. Net sales by product group for year ended June 30, 2019 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 30,393 $ 8,079 $ (4,430 ) $ 34,042 Land-based transmissions 111,260 30,483 (28,950 ) 112,793 Marine and propulsion systems 138,704 62,329 (50,796 ) 150,237 Other 71 5,590 (70 ) 5,591 Total $ 280,428 $ 106,481 $ (84,246 ) $ 302,663 Contract assets/liabilities: There are no June 30, 2019.

Note D - Inventories

Note D - Inventories	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	D . INVENTORIES The major classes of inventories at June 30 2019 2018 Finished parts $ 57,682 $ 49,332 Work in process 23,812 13,183 Raw materials 44,399 21,486 $ 125,893 84,001 Inventories stated on a LIFO basis represent approximately 52% 48% June 30, 2019 2018, $25,709 $24,630 June 30, 2019 2018, $10,463 $8,427 June 30, 2019 2018,

Note E - Property, Plant and Eq

Note E - Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	E . PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment at June 30 2019 2018 Land $ 6,479 $ 6,525 Buildings 47,627 46,473 Machinery and equipment 158,183 144,457 212,289 197,455 Less: accumulated depreciation (141,031 ) (141,988 ) $ 71,258 $ 55,467 Depreciation expense for the years ended June 30, 2019 2018 $6,682 $6,315,

Note F - Goodwill and Other Int

Note F - Goodwill and Other Intangibles	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	F . GOODWILL AND OTHER INTANGIBLES Goodwill The Company reviews goodwill for impairment on a reporting unit basis annually as of the first fourth may not In fiscal 2018 2019, first fourth not The fair value of reporting units is primarily driven by projected growth rates and operating results under the income approach using a discounted cash flow model, which applies an appropriate market-participant discount rate, and consideration of other market approach data from guideline public companies. If declining actual operating results or future operating results become indicative that the fair value of the Company’s reporting units has declined below their carrying values, an interim goodwill impairment test may may may may On July 2, 2018, $23,999 $26,500 June 30, 2019, June 30, 2019. During the 2019 no March 30, 2019, first fourth 13.0% 14.0% not June 30, 2019, $23,371 $2,583 118% 41% no The changes in the carrying amount of goodwill are summarized as follows: Net Book Value Rollforward Net Book Value By Reporting Unit Gross Carrying Amount Accumulated Impairment Net Book Value European Industrial European Propulsion Balance at June 30, 2017 $ 16,407 $ (13,822 ) $ 2,585 $ 2,585 $ - Translation adjustment 107 - 107 107 - Balance at June 30, 2018 16,514 (13,822 ) 2,692 2,692 - Acquisition 23,999 - 23,999 - 23,999 Translation adjustment (737 ) - (737 ) (109 ) (628 ) Balance at June 30, 2019 $ 39,776 $ (13,822 ) $ 25,954 $ 2,583 $ 23,371 Other Intangibles At June 30, Net Book Value Rollforward Net Book Value By Asset Type Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Balance at June 30, 2017 $ 13,436 $ (11,632 ) $ 1,804 $ - $ - $ 1,319 $ 485 Addition 19 - 19 - - - 19 Amortization - (149 ) (149 ) - - (84 ) (65 ) Translation adjustment 30 - 30 - - 53 (23 ) Balance at June 30, 2018 13,485 (11,781 ) 1,704 - - 1,288 416 Addition 236 - 236 - - - 236 Acquistion 26,500 - 26,500 16,300 8,400 1,800 - Amortization - (2,653 ) (2,653 ) (1,123 ) (1,172 ) (261 ) (97 ) Translation adjustment (634 ) - (634 ) (334 ) (203 ) (94 ) (3 ) Balance at June 30, 2019 $ 39,587 $ (14,434 ) $ 25,153 $ 14,843 $ 7,025 $ 2,733 $ 552 Other intangibles consist of certain proprietary technology, computer software, patents and licensing agreements. The weighted average remaining useful life of the intangible assets included in the table above is approximately 9 Intangible amortization expense for the years ended June 30, 2019 2018 $2,653 $149, five Fiscal Year 2020 $ 2,904 2021 2,890 2022 2,874 2023 2,888 2024 2,789 Thereafter 10,808 The gross carrying amount of the Company’s intangible assets that have indefinite lives and are not June 30, 2019 2018 $200 $202,

Note G - Accrued Liabilities

Note G - Accrued Liabilities	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	G . ACCRUED LIABILITIES Accrued liabilities at June 30 2019 2018 Customer deposits $ 14,924 $ 5,426 Salaries and wages 6,982 10,311 Warranty 3,034 3,952 Accrued professional fees 1,843 3,501 Other 12,826 9,786 $ 39,609 $ 32,976

Note H - Warranty

Note H - Warranty	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	H . WARRANTY The Company warrants all assembled products, parts (except component products or parts on which written warranties are issued by the respective manufacturers thereof and are furnished to the original customer, as to which the Company makes no no 12 24 June 30: 2019 2018 Reserve balance, July 1 $ 4,407 $ 2,062 Current period expense and adjustments 2,766 4,998 Payments or credits to customers (3,953 ) (2,671 ) Acquisition 557 - Translation adjustment (41 ) 18 Reserve balance, June 30 $ 3,736 $ 4,407 The current portion of the warranty accrual ( $3,034 $3,952 2019 2018, $702 $455 2019 2018,

Note I - Debt

Note I - Debt	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	I . DEBT Long-term Debt On June 29, 2018, “2016 not $35,000 may, not $50,000 On July 2, 2018, $60,729 $35,000 $25,729. $58,862, $1,865. On September 25, 2018, $32,210 On March 4, 2019, second $35,000 $20,000. $20,000 $35,000 Prior to entering into the Second Amendment, the outstanding principal amount of the Term Loan under the Credit Agreement was $10,849. $9,151. January 2, 2020 March 4, 2026, $500 June 30, 2019. The Second Amendment also reduces the applicable margin for purposes of determining the interest rate applicable to the Term Loan. Previously, the applicable margin was 3.00%, 1.375% 2.375%, The Second Amendment also adjusts certain financial covenants made by the Company under the Credit Agreement. Specifically, the Company has covenanted (i) not 3.00 1.00 3.50 1.00 September 30, 2019 3.25 1.00 December 31, 2019 September 30, 2020), not $100,000 50% June 30, 2019 $100,000 $70,000 Borrowings under the Credit Agreement are secured by substantially all of the Company’s personal property, including accounts receivable, inventory, machinery and equipment, and intellectual property. The Company has also pledged 100% 65% Upon the occurrence of an event of default, BMO may 1 2 3 105% may three In addition to the monthly interest payments and any mandatory principal payments required by the Credit Agreement (if applicable), the Company is responsible for paying a quarterly Revolving Credit Commitment Fee and quarterly Letter of Credit Fees. The Revolving Credit Commitment Fee is paid at an annual rate equal to the Applicable Margin on the average daily unused portion of the Revolving Credit Commitment. The Letter of Credit Fee is paid at the Applicable Margin for Revolving Loans that are Eurodollar Loans on the daily average face amount of Letters of Credit outstanding during the preceding calendar quarter. The Company may one Long-term debt consisted of the following at June 30: 2019 2018 Revolving loan agreement $ 22,666 $ 4,787 Term loan (due March 2026) 19,500 - Other 325 37 Subtotal 42,491 4,824 Less: current maturities (2,000 ) - Total long-term debt $ 40,491 $ 4,824 Other long-term debt pertains mainly to a financing arrangement in Europe. During fiscal 2019, $329 3 5 842, 7% 25%. $28 During fiscal year 2019, 4.71% 2.99% As of June 30, 2019, $47,324 $24,658 The Company’s borrowings described above approximates fair value at June 30, 2019 June 30, 2018. 2 On April 22, 2019, $20,000 March 4, 2026 815, The aggregate scheduled maturities of outstanding long-term debt obligations in subsequent years are as follows: Fiscal Year 2020 $ 2,000 2021 2,161 2022 2,081 2023 24,709 2024 2,016 Thereafter 9,524 $ 42,491 Other lines of credit : The Company has established unsecured lines of credit, which may $952 5.0% June 30, 2019, $1,477 5.0% June 30, 2018.

Note J - Lease Obligations

Note J - Lease Obligations	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	J . LEASE OBLIGATIONS In accordance with ASC 842, twelve The Company had $14,138 $6,527 June 30, 2019 June 30, 2018, $14,130 $6,527 June 30, 2019 June 30, 2018, The Company had $545 $11 June 30, 2019 June 30, 2018, $553 $0 June 30, 2019 June 30, 2018, Approximate future minimum rental commitments under non-cancellable leases as of June 30, 2019 Operating Leases Finance Leases 2020 $ 3,186 $ 136 2021 2,489 136 2022 1,950 136 2023 1,722 132 2024 1,532 112 Thereafter 11,112 - Total future lease payments 21,991 652 Less: Amount representing interest (7,861 ) (99 ) Present value of future payments $ 14,130 $ 553 The components of lease expense were as follows: For the Year Ended June 30, 2019 June 30, 2018 Finance lease cost: Amortization of right-of-use assets $ 27 $ 3 Interest on lease liabilities 8 1 Operating lease cost 3,348 2,462 Short-term lease cost 40 39 Variable lease cost 37 8 Total lease cost 3,460 2,513 Less: Sublease income (222 ) (204 ) Net lease cost $ 3,238 $ 2,309 Other information related to leases was as follows: For the Year Ended June 30, 2019 June 30, 2018 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,338 $ 2,417 Operating cash flows from finance leases 18 3 Financing cash flows from finance leases 9 1 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 13,875 4,019 Finance leases 553 - Weighted average remaining lease term (years): Operating leases 11.1 5.6 Finance lease 4.8 4.0 Weighted average discount rate: Operating leases 7.7 % 7.2 % Finance leases 7.3 % 3.9 %

Note K - Shareholders' Equity

Note K - Shareholders' Equity	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	K . SHAREHOLDERS' EQUITY The Company completed the sale of 1,533,334 September 25, 2018, $22.50 $2,070 $220, $32,210 June 30, 2019. The total number of shares of common stock outstanding at June 30, 2019 2018 13,240,278 11,553,685, June 30, 2019 2018, 1,392,524 1,545,783 157,043 67,286 2019 2018, 3,784 32,734 2019 2018, Under an authorization given by the Board of Directors on July 27, 2012, not two June 30, 2019 2018, 315,000 Cash dividends per share were $0.00 2019 2018. The Company is authorized to issue 200,000 none 150,000 The components of accumulated other comprehensive loss included in equity as of June 30, 2019 2018 2019 2018 Translation adjustments $ 4,439 $ 7,085 Net loss on cash flow hedge derivatives, net of income taxes of $156 and $0, respectively (509 ) - Benefit plan adjustments, net of income taxes of $12,707 and $11,494 respectively (41,901 ) (30,877 ) Accumulated other comprehensive loss $ (37,971 ) $ (23,792 ) A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the years ended June 30, 2018 June 30, 2019 Translation Benefit Plan Adjustment Adjustment Balance at June 30, 2017 $ 6,130 $ (38,801 ) Other comprehensive income before reclassifications 955 5,824 Amounts reclassified from accumulated other comprehensive income - 2,100 Net current period other comprehensive income 955 7,924 Balance at June 30, 2018 $ 7,085 $ (30,877 ) Translation Benefit Plan Cash Flow Adjustment Adjustment Hedges Balance at June 30, 2018 $ 7,085 $ (30,877 ) $ - Other comprehensive loss before reclassifications (2,646 ) (6,068 ) (509 ) Release stranded tax effects - (6,903 ) - Amounts reclassified from accumulated other comprehensive income - 1,947 - Net current period other comprehensive income (2,646 ) (11,024 ) (509 ) Balance at June 30, 2019 $ 4,439 $ (41,901 ) $ (509 ) A reconciliation for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the year ended June 30, 2018 Amount Reclassified Amortization of benefit plan items Actuarial losses $ (3,053 ) Transition asset and prior service benefit 103 Total before tax benefit (2,950 ) Tax benefit 850 Total reclassification net of tax $ (2,100 ) A reconciliation for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the year ended June 30, 2019 Amount Reclassified Amortization of benefit plan items Actuarial losses $ (2,710 ) Transition asset and prior service benefit 176 Total before tax benefit (2,534 ) Tax benefit 587 Total reclassification net of tax $ (1,947 )

Note L - Business Segments and

Note L - Business Segments and Foreign Operations	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	L . BUSINESS SEGMENTS AND FOREIGN OPERATIONS 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, azimuth drives, 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, energy and natural resources, government, and industrial markets. Net sales by product group is summarized as follows: 2019 2018 Industrial $ 34,042 $ 30,888 Land-based transmissions 112,793 107,169 Marine and propulsion systems 150,237 96,785 Other 5,591 5,891 Total $ 302,663 $ 240,733 Industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction and oil and gas markets. The land based transmission products include applications for oilfield and natural gas, military and airport rescue and fire fighting. The marine and propulsion systems include marine transmission, azimuth drives, controls, surface drives, propellers and boat management systems for the global commercial marine, pleasure craft and patrol boat markets. Other includes non-Twin Disc manufactured product sold through Company-owned distribution entities. The Company has two Information about the Company's segments is summarized as follows: 2019 Manufacturing Distribution Total Net Sales $ 280,428 $ 106,481 $ 386,909 Intra-segment sales 20,384 14,026 34,410 Inter-segment sales 46,078 3,758 49,836 Interest income 1,154 26 1,180 Interest expense 3,086 (37 ) 3,049 Income taxes 7,939 353 8,292 Depreciation and amortization 12,893 402 13,295 Net income attributable to Twin Disc 25,062 248 25,310 Assets 384,612 46,076 430,688 Expenditures for segment assets 10,725 663 11,388 2018 Manufacturing Distribution Total Net Sales $ 216,383 $ 84,688 $ 301,071 Intra-segment sales 22,912 8,743 31,655 Inter-segment sales 26,074 2,609 28,683 Interest income 16 18 34 Interest expense 275 - 275 Income taxes 15,782 588 16,370 Depreciation and amortization 5,632 452 6,084 Net income attributable to Twin Disc 22,799 1,067 23,866 Assets 266,417 52,230 318,647 Expenditures for segment assets 5,482 248 5,730 The following is a reconciliation of reportable segment net sales and net income to the Company’s consolidated totals: 2019 2018 Net sales: Total net sales from reportable segments $ 386,909 $ 301,071 Elimination of inter-company sales (84,246 ) (60,338 ) Total consolidated net sales $ 302,663 $ 240,733 Net income attributable to Twin Disc: Total net income from reportable segments $ 25,310 $ 23,866 Other adjustments and corporate expenses (14,637 ) (14,338 ) Total consolidated net income attributable to Twin Disc $ 10,673 $ 9,528 Corporate expenses pertain to certain costs that are not Other significant items: Segment Consolidated Totals Adjustments Totals 2019 Interest income $ 1,180 $ (1,137 ) $ 43 Interest expense 3,049 (1,122 ) 1,927 Income taxes 8,292 (4,581 ) 3,711 Depreciation and amortization 13,295 317 13,612 Assets 430,688 (83,818 ) 346,870 Expenditures for segment assets 11,388 591 11,979 2018 Interest income $ 34 $ 21 $ 55 Interest expense 275 7 282 Income taxes 16,370 (11,597 ) 4,773 Depreciation and amortization 6,084 380 6,464 Assets 318,647 (77,407 ) 241,240 Expenditures for segment assets 5,730 598 6,328 All adjustments represent inter-company eliminations and corporate amounts. Geographic information about the Company is summarized as follows: 2019 2018 Net sales United States $ 132,467 $ 141,705 Netherlands 31,521 4,755 China 28,772 11,664 Italy 12,755 12,551 Australia 12,463 12,479 Canada 10,464 13,397 Other countries 74,221 44,182 Total $ 302,663 $ 240,733 Net sales by geographic region are based on product shipment destination. Long-lived assets primarily pertain to property, plant and equipment and exclude goodwill and other intangibles. They are summarized as follows: 2019 2018 Long-lived assets United States $ 41,233 $ 37,765 Netherlands 13,186 - Belgium 8,595 7,576 Switzerland 6,810 6,841 Italy 1,894 2,230 Other countries 3,298 4,905 Total $ 75,016 $ 59,317 There were no 10% 2019. one 10% 2018.

Note M - Stock-based Compensati

Note M - Stock-based Compensation	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	M . STOCK -BASED COMPENSATION In fiscal 2019, 2018 “2018 2018 may one 850,000 may In fiscal 2011, 2010 “2010 250,000 2010 “2010 may 650,000 Shares available for future awards as of June 30 2019 2018 2018 LTI Plan 742,325 - 2010 Directors' Plan 61,354 80,938 Performance Stock Awards (“PSA”) In fiscal 2019 2018, 50,004 54,854 The PSAs granted in fiscal 2019 three June 30, 2021. 75,006. The PSAs granted in fiscal 2018 three June 30, 2020. 69,180. There were 96,124 145,718 June 30, 2019 2018, June 30, 2019 2018, $1,196 $574, June 30, 2019 2018, $278 $172, June 30, 2019 $20.38. June 30, 2019, $1,073 2019 2018 2019 $1,228. 2018 $272. Restricted Stock Awards (“RS”) The Company has unvested RS outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation over the vesting period, which is generally 1 3 2019 2018, 43,305 85,327 3,784 32,734 2019 2018, 172,637 237,657 June 30, 2019 2018, $1,096 $1,488 June 30, 2019 2018, June 30, 2019 2018, $255 $446, 2019 2018 $2,391 $1,809, June 30, 2019, $757 three Restricted Stock Unit Awards (“RS U ”) Under the 2018 three 2019, 37,950 37,950 June 30, 2019. $299 June 30, 2019. June 30, 2019, $69. June 30, 2019 $25.77. June 30, 2019, $679 three Stock Options The 2010 may ten 2010 may 2010 10% not 110% five no 10% no 2010 2010 June 30, 2019 2018. 2004 The Company has 3,600 June 30, 2019 2004 2004 2004 2011, Stock option transactions under the 2004 2019 Weighted Average Weighted Remaining Aggregate Average Contractual Intrinsic 2019 Price Life (years) Value Non-qualified stock options: Options outstanding at beginning of year 7,200 $ 12.31 Granted - - Canceled/expired - - Exercised (3,600 ) 10.01 Options outstanding at June 30 3,600 $ 14.61 1.00 $ 1.8 The Company historically computes its windfall tax pool using the shortcut method. ASC 718, 100% During fiscal 2019 2018 no no 2019 2018, The total intrinsic value of options exercised during the years ended June 30, 2019 2018 $47 $38,

Note N - Engineering and Develo

Note N - Engineering and Development Costs	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	N . ENGINEERING AND DEVELOPMENT COSTS Engineering and development costs include research and development expenses for new products, development and major improvements to existing products, and other costs for ongoing efforts to refine existing products. Research and development costs charged to operations totaled $2,385 $1,610 2019 2018, $12,594 $9,932 2019 2018,

Note O - Pension and Other Post

Note O - Pension and Other Postretirement Benefit Plans	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	O . P ENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Company has non-contributory, qualified defined benefit pension plans covering substantially all domestic employees hired prior to October 1, 2003, January 1, 1997, January 1, 1997 July 31, 2009, In addition, the Company has unfunded, non-qualified retirement plans for certain management employees and Directors. In the case of management employees, benefits are based on an annual credit to a bookkeeping account, intended to restore the benefits that would have been earned under the qualified plans, but for the earnings limitations under the Internal Revenue Code. In the case of Directors, benefits are based on years of service on the Board. All benefits vest upon retirement from the Company. In addition to providing pension benefits, the Company provides other postretirement benefits, including healthcare and life insurance benefits for certain domestic retirees. All employees retiring after December 31, 1992, 100% The measurement date for the Company’s pension and postretirement benefit plans in fiscal 2019 2018 June 30. Obligations and Funded Status The following table sets forth the Company's defined benefit pension plans’ and other postretirement benefit plans’ funded status and the amounts recognized in the Company's balance sheets and statement of operations and comprehensive income as of June 30: Pension Other Postretirement Benefits Benefits 2019 2018 2019 2018 Change in benefit obligation: Benefit obligation, beginning of year $ 105,012 $ 118,170 $ 8,077 $ 11,574 Service cost 795 861 19 20 Interest cost 4,020 3,979 305 325 Actuarial loss (gain) 6,718 (8,690 ) 18 (2,608 ) Contributions by plan participants 103 105 389 440 Benefits paid (9,326 ) (9,413 ) (1,357 ) (1,674 ) Benefit obligation, end of year $ 107,322 $ 105,012 $ 7,451 $ 8,077 Change in plan assets: Fair value of assets, beginning of year $ 90,258 $ 94,372 $ - $ - Actual return on plan assets 4,125 2,894 - - Employer contribution 2,131 2,300 968 1,234 Contributions by plan participants 103 105 389 440 Benefits paid (9,326 ) (9,413 ) (1,357 ) (1,674 ) Fair value of assets, end of year $ 87,291 $ 90,258 $ - $ - Funded status $ (20,031 ) $ (14,754 ) $ (7,451 ) $ (8,077 ) Amounts recognized in the balance sheet consist of: Other assets - noncurrent $ 3 $ 157 $ - $ - Accrued liabilities - current (645 ) (679 ) (962 ) (1,241 ) Accrued retirement benefits - noncurrent (19,389 ) (14,232 ) (6,489 ) (6,836 ) Net amount recognized $ (20,031 ) $ (14,754 ) $ (7,451 ) $ (8,077 ) Amounts recognized in accumulated other comprehensive loss consist of (net of tax): Net transition obligation $ 178 $ 204 $ - $ - Prior service cost 144 360 (908 ) - Actuarial net loss 42,185 31,146 302 (833 ) Net amount recognized $ 42,507 $ 31,710 $ (606 ) $ (833 ) The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year for the qualified defined benefit and other postretirement benefit plans are as follows: Other Pension Postretirement Benefits Benefits Net transition obligation $ 34 $ - Prior service cost 45 (275 ) Actuarial net loss 3,134 - Net amount to be recognized $ 3,213 $ (275 ) The accumulated benefit obligation for all defined benefit pension plans was approximately $107,322 $105,012 June 30, 2019 2018, Information for pension plans with an accumulated benefit obligation in excess of plan assets : June 30 2019 2018 Projected and accumulated benefit obligation $ 102,879 $ 100,699 Fair value of plan assets 82,845 85,788 Components of Net Periodic Benefit Cost : Pension Benefits 2019 2018 Service cost $ 792 $ 868 Interest cost 4,019 3,981 Expected return on plan assets (5,238 ) (6,041 ) Amortization of transition obligation 34 36 Amortization of prior service cost 64 67 Amortization of actuarial net loss 2,710 3,021 Net periodic benefit cost $ 2,381 $ 1,932 Other Postretirement Benefits 2019 2018 Service cost $ 18 $ 20 Interest cost 304 325 Amortization of prior service cost (274 ) (206 ) Amortization of actuarial net loss - 32 Net periodic benefit cost $ 48 $ 171 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income for Fiscal 201 9 (Pre-tax): Other Postretirement Pension Benefits Net loss $ 8,098 $ 18 Prior service cost (211 ) - Amortization of transition asset (34 ) - Amortization of prior service (cost) benefit (64 ) 275 Amortization of net (loss) gain (2,711 ) - Total recognized in other comprehensive income 5,078 293 Net periodic benefit cost 2,381 48 Total recognized in net periodic benefit cost and other comprehensive income $ 7,459 $ 341 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income for Fiscal 201 8 (Pre-tax): Other Postretirement Pension Benefits Net gain $ (5,643 ) $ (940 ) Prior service cost - (1,668 ) Amortization of transition asset (34 ) - Amortization of prior service (cost) benefit (67 ) 206 Amortization of net (loss) gain (2,952 ) (32 ) Total recognized in other comprehensive income (8,696 ) (2,434 ) Net periodic benefit cost 1,932 171 Total recognized in net periodic benefit cost and other comprehensive income $ (6,764 ) $ (2,263 ) Additional Information Assumptions Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine benefit obligations at June 30 2019 2018 2019 2018 Discount rate 3.22 % 4.01 % 3.15 % 4.09 % Expected return on plan assets 6.04 % 6.74 % Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine net periodic benefit costs for years ended June 30 2019 2018 2019 2018 Discount rate 4.01 % 3.51 % 4.09 % 3.41 % Expected return on plan assets 6.74 % 6.68 % The assumed weighted-average healthcare cost trend rate was 6.50% 2019, 5% 2025. 1% $97 $4. 1% $85 $4. Plan Assets The Company’s Benefits Committee (“Committee”), a non-board management committee, oversees investment matters related to the Company’s funded benefit plans. The Committee works with external actuaries and investment consultants on an ongoing basis to establish and monitor investment strategies and target asset allocations. The overall objective of the Committee’s investment strategy is to earn a rate of return over time to satisfy the benefit obligations of the pension plans and to maintain sufficient liquidity to pay benefits and address other cash requirements of the pension plans. The Committee has established an Investment Policy Statement which provides written documentation of the Company’s expectations regarding its investment programs for the pension plans, establishes objectives and guidelines for the investment of the plan assets consistent with the Company’s financial and benefit-related goals, and outlines criteria and procedures for the ongoing evaluation of the investment program. The Company employs a total return on investment approach whereby a mix of investments among several asset classes are used to maximize long-term return of plan assets while avoiding excessive risk. Investment risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews, and annual liability measurements. The Company’s pension plan weighted-average asset allocations at June 30, 2019 2018 Target June 30 Asset Category Allocation 2019 2018 Equity securities 51 % 49 % 51 % Debt securities 40 % 42 % 39 % Real estate 9 % 9 % 10 % 100 % 100 % 100 % Due to market conditions and other factors, actual asset allocation may 98,211 $1,483 1.7% June 30, 2019 98,211 $2,438 2.7% June 30, 2018. The plans have a long-term return assumption of 6.25%. Fair value is defined as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The inputs used to measure fair value are classified into the following hierarchy: Level I Unadjusted quoted prices in active markets for identical instruments Level II Unadjusted quoted prices in active markets for similar instruments, or Unadjusted quoted prices for identical or similar instruments in markets that are not Other inputs that are observable in the market or can be corroborated by observable market data Level III Use of one The following table presents plan assets using the fair value hierarchy as of June 30, 2019: Total Level I Level II Level III Cash and cash equivalents $ 971 $ 971 $ - $ - Equity securities: Company common stock (a) 1,483 1,483 - - Common stock (a) 16,713 16,713 - - Mutual funds (b) 7,963 7,963 - - Annuity contracts (c) 6,171 - - 6,171 Total $ 33,301 $ 27,130 $ - $ 6,171 Investments Measured at Net Asset Value (d) 53,990 Total $ 87,291 The following table presents plan assets using the fair value hierarchy as of June 30, 2018: Total Level I Level II Level III Cash and cash equivalents $ 1,156 $ 1,156 $ - $ - Equity securities: Company common stock (a) 2,438 2,438 - - Common stock (a) 17,373 17,373 - - Mutual funds (b) 8,554 8,554 - - Annuity contracts (c) 6,113 - - 6,113 Total $ 35,634 $ 29,521 $ - $ 6,113 Investments Measured at Net Asset Value (d) 54,624 Total $ 90,258 (a) Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S. (b) Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company’s funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Company’s funded benefit plans are deemed to be actively traded. (c) Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at the net present value of future cash flows. (d) In accordance with ASC 820 10, not The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of June 30, 2019 June 30, 2018: 2019 2018 Fixed income funds $ 33,568 $ 31,852 International equity securities 3,168 3,294 Real estate 7,069 8,218 Hedged equity mutual funds 10,185 11,260 Total $ 53,990 $ 54,624 The following tables present a reconciliation of the fair value measurements using significant unobservable inputs (Level III) as of June 30, 2019 2018: 2019 2018 Beginning balance $ 6,113 $ 7,779 Actual return on plan assets: Relating to assets still held at reporting date 216 (58 ) Purchases, sales and settlements, net (158 ) (1,608 ) Ending balance $ 6,171 $ 6,113 Cash Flows Contributions The Company expects to contribute $1,936 2020. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Other Pension Postretirement Benefits Benefits 2020 $ 9,411 $ 977 2021 8,336 905 2022 8,138 825 2023 7,737 753 2024 7,395 681 Years 2025 - 2029 32,656 2,549 The Company does not The Company sponsors defined contribution plans covering substantially all domestic employees and certain foreign employees. These plans provide for employer contributions based primarily on employee participation. The total expense under the plans was $2,276 $1,935 2019 2018,

Note P - Income Taxes

Note P - Income Taxes	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	P . INCOME TAXES United States and foreign income before income taxes and minority interest were as follows: 2019 2018 United States $ 7,059 $ 8,679 Foreign 7,448 5,741 $ 14,507 $ 14,420 The provision (benefit) for income taxes is comprised of the following: 2019 2018 Currently payable: Federal $ 248 $ 234 State 261 135 Foreign (3,644 ) 1,400 (3,135 ) 1,769 Deferred: Federal 920 5,529 State (7 ) 167 Foreign 5,933 (2,692 ) 6,846 3,004 $ 3,711 $ 4,773 The components of the net deferred tax asset as of June 30 2019 2018 Deferred tax assets: Retirement plans and employee benefits $ 7,732 $ 6,910 Foreign tax credit carryforwards 6,296 6,866 Federal tax credits 1,057 774 State net operating loss and other state credit carryforwards 1,269 1,190 Inventory 757 1,259 Reserves 765 1,099 Foreign NOL carryforwards 775 2,940 Accruals 339 324 Right of use assets - leases 3,691 - Other assets 656 403 23,337 21,765 Deferred tax liabilities: Property, plant and equipment 3,432 3,473 Intangibles 5,345 1,209 Long term lease obligations 3,617 - Other liabilities 194 230 12,588 4,912 Valuation allowance - - Total net deferred tax assets $ 10,749 $ 16,853 The Company maintains valuation allowances when it is more likely than not not not not Following is a reconciliation of the applicable U.S. federal income taxes to the actual income taxes reflected in the statements of operations: 2019 2018 U.S. federal income tax at 21% (27.56% in 2018) $ 3,046 $ 3,974 Increases (reductions) in tax resulting from: Foreign tax items 281 675 State taxes 209 272 Valuation allowance - (3,803 ) Change in prior year estimate (50 ) (89 ) Research and development tax credits (306 ) (162 ) Section 199 deduction - (114 ) Unrecognized tax benefits 158 (42 ) Stock compensation (153 ) (114 ) Rate changes 15 3,786 Deferred tax basis adjustments (111 ) 431 Executive compensation 291 - GILTI inclusion 284 - FDII deduction (74 ) - Other, net 121 (41 ) $ 3,711 $ 4,773 On December 22, 2017, December 31, 2017, 2018. not 2019. 2019 The Securities and Exchange Commission issued Staff Accounting Bulletin 118 740 December 22, 2017. not one 740. 740 The Tax Act results in comprehensive changes to tax reporting rules. The Company has thoroughly reviewed all provisions of the Tax Act to determine their applicability to both fiscal year 2019 Reduction in the Federal Corporate Income Tax Rate: 35% 21% December 31, 2017. 27.56% 2018. $3,786. Deemed Repatriation Transition Tax 1986 zero Executive Compensation Limitations: 162 162 $1,000 three Global Intangible Low Taxed Income ( “ GILTI ” ): 10% Foreign Derived Intangible Income ( “ FDII ” ): The Company has not no $6,208 June 30, 2019. not 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 2015 2019 2015. The Company has approximately $938 June 30, 2019, 2015 twelve 2010 2013. Below is a reconciliation of beginning and ending amount of unrecognized tax benefits: June 30, 2019 June 30, 2018 Unrecognized tax benefits, beginning of year $ 816 $ 827 Additions based on tax positions related to the prior year 31 - Additions based on tax positions related to the current year 91 303 Reductions based on tax positions related to the prior year - (9 ) Subtractions due to statutes closing - (105 ) Settlements with taxing authorities - (200 ) Unrecognized tax benefits, end of year $ 938 $ 816 Substantially all of the Company’s unrecognized tax benefits as of June 30, 3019, June 30, 2019 2018, $148 93, not

Note Q - Contingencies

Note Q - Contingencies	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Q . CONTINGENCIES The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, are not not

Note R - Restructuring of Opera

Note R - Restructuring of Operations and Other Operating Income	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	R . RESTRUCTURING OF OPERATIONS AND OTHER OPERATING INCOME Restructuring expenses The Company has implemented various restructuring programs in response to unfavorable macroeconomic trends in certain of the Company’s markets since the fourth 2015. During the current year, the Company implemented additional actions to reduce personnel costs in its Belgian operations and reorganize for productivity in its European operations. These actions, together with the costs associated with the India manufacturing operations exit, resulted in pre-tax restructuring charges of $1,179 $3,398 2019 2018, Restructuring activities since June 2015 176 June 30, 2019 $10,452. The following is a roll-forward of restructuring activity: Accrued restructuring liability, June 30, 2017 $ 92 Additions 3,398 Payments and adjustments (3,400 ) Accrued restructuring liability, June 30, 2018 90 Additions 1,179 Payments and adjustments (1,269 ) Accrued restructuring liability, June 30, 2019 $ - Other Operating Income – Sale of Mill Log Business On February 7, 2019, one $1,374 $1,139 2019 2018, $6,298, $592. March 4, 2019 $7,658, $5,158 $2,500 March 4, 2020. $768, Other Operating Income – Fair Value Adjustment of Contingent Consideration As discussed in Note B, Acquisition of Veth Propulsion Holding B.V., the Company issued a contingent consideration as part of the Veth Propulsion acquisition; the fair value at acquisition date was $2,921. On May 13, 2019, 139,347 $1,991 805, not $809,

Note S - Earnings Per Share

Note S - Earnings Per Share	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	S . EARNINGS PER SHARE The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. Restricted stock award recipients under the 2010 two The components of basic and diluted earnings per share were as follows: 2019 2018 Basic: Net income $ 10,796 $ 9,647 Less: Net earnings attributable to noncontrolling interest (123 ) (119 ) Less: Undistributed earnings attributable to unvested shares (148 ) (222 ) Net income available to Twin Disc shareholders 10,525 9,306 Weighted average shares outstanding - basic 12,571 11,295 Basic Income Per Share: Net income per share - basic $ 0.84 $ 0.82 Diluted: Net income $ 10,796 $ 9,647 Less: Net earnings attributable to noncontrolling interest (123 ) (119 ) Less: Undistributed earnings attributable to unvested shares (148 ) (222 ) Net income available to Twin Disc shareholders 10,525 9,306 Weighted average shares outstanding - basic 12,571 11,295 Effect of dilutive stock awards 111 100 Weighted average shares outstanding - diluted 12,682 11,395 Diluted Income Per Share: Net income per share - diluted $ 0.83 $ 0.82 The following potential common shares were excluded from diluted EPS for the year ended June 30, 2019 80,164 172,637 13,123 3,483 The following potential common shares were excluded from diluted EPS for the year ended June 30, 2018 61,286 237,657 3,568

Note T - Derivative Financial I

Note T - Derivative Financial Intruments	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	T . D ERIVATIVE FINANCIAL INSTRUMENTS The Company reports all derivative instruments on its consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of transactions entered into for hedging purposes. As a global organization, the Company faces exposure to market risks, such as fluctuations in foreign currency exchange rates, interest rates and commodity prices. To manage the volatility relating to these exposures, the Company enters into various derivative instruments from time to time under its risk management policies. The Company designates derivative instruments as hedges on a transaction basis to support hedge accounting. The changes in fair value of these hedging instruments offset in part or in whole corresponding changes in the fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial and ongoing effectiveness of its hedging relationships in accordance with its policy. The Company does not no Interest Rate Swaps Designated as Cash Flow Hedges The primary purpose of the Company’s cash flow hedging activities is to manage the potential changes in value associated with interest payments on the Company’s LIBOR-based indebtedness. The Company records gains and losses on interest rate swap contracts qualifying as cash flow hedges in accumulated other comprehensive loss to the extent that these hedges are effective and until the Company recognizes the underlying transactions in net earnings, at which time these gains and losses are recognized in interest expense on its consolidated statements of operations and comprehensive income. Cash flows from derivative financial instruments are classified as cash flows from financing activities on the consolidated statements of cash flows. These contracts generally have original maturities of greater than 12 Net unrealized after-tax losses related to cash flow hedging activities that were included in accumulated other comprehensive loss were $509 $0 June 30, 2019 2018, The Company estimates that $122 twelve Foreign Currency Forward Contracts Not The Company primarily enters into forward exchange contracts to reduce the earnings and cash flow impact of non-functional currency denominated receivables and payables. These contracts are highly effective in hedging the cash flows attributable to changes in currency exchange rates. Gains and losses resulting from these contracts offset the foreign exchange gains or losses on the underlying assets and liabilities being hedged. The maturities of the forward exchange contracts generally coincide with the settlement dates of the related transactions. Gains and losses on these contracts are recorded in other expense, net in the consolidated statement of operations and comprehensive income as the changes in the fair value of the contracts are recognized and generally offset the gains and losses on the hedged items in the same period. The primary currency to which the Company was exposed in fiscal 2019 2018 no June 30, 2019 June 30, 2018. Other Derivative Instruments The Company does not not Fair Value of Derivative Instruments The Company’s interest rate swaps and foreign currency forward contracts are recorded at fair value on the consolidated balance sheets using a discounted cash flow analysis that incorporates observable market inputs. These market inputs include foreign currency spot and forward rates, and various interest rate curves, and are obtained from pricing data quoted by various banks, third 2 Counterparties to these foreign currency forward contracts have at least an investment grade rating. Credit ratings on some of the Company’s counterparties may The fair value of derivative instruments included in the consolidated balance sheets at June 30 Balance Sheet Location 2019 2018 Derivatives designated as hedges: Interest rate swaps Accrued liabilities $ 122 $ - Interest rate swaps Other long-term liabilities 544 - The impact of the Company’s derivative instruments on the consolidated statement of operations and comprehensive income for the years ended June 30 Statement of Comprehensive Income Location 2019 2018 Derivatives designated as hedges: Interest rate swaps Interest expense $ 1 $ - Interest rate swaps Unrealized loss on cash flow hedge (509 ) - Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ 4 $ (65 )

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	T WIN DISC, INCORPORATED AND SUBSIDIARIES SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS for the years ended June 30, 20 1 9 and 20 1 8 ( i n thousands) Balance at Charged to Balance at Beginning Costs and End of Description of Period Expenses Deductions (1) Period 2019: Allowance for losses on accounts receivable $ 1,478 $ 236 $ 132 $ 1,582 Deferred tax valuation allowance $ - $ - $ - $ - 2018: Allowance for losses on accounts receivable $ 1,519 $ 280 $ 321 $ 1,478 Deferred tax valuation allowance $ 3,803 $ - $ 3,803 $ - ( 1

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation Principles May 31, March 31.
Use of Estimates, Policy [Policy Text Block]	Management Estimates--
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Translation of Foreign Currencies $681 $198 2019 2018,
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash three not
Receivable [Policy Text Block]	Accounts Receivable $1,582 $1,478 June 30, 2019 2018, may may
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments . 1 2 June 30, 2019. June 30, 2019. 2
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments -
Inventory, Policy [Policy Text Block]	Inventories first first first
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment and Depreciation 10 40 5 15 not
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-lived Assets may not may third
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangibles fourth may not A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may Goodwill impairment charges are recorded using a simplified one In fiscal 2018 2019, first fourth not The Company conducted interim qualitative assessments throughout the year, and its annual assessment for goodwill impairment as of March 30, 2019 June 30, 2018 The fair value of the Company’s other intangible assets with indefinite lives, primarily tradenames, is estimated using the relief-from-royalty method, which requires assumptions related to projected revenues; assumed royalty rates that could be payable if the Company did not June 30, 2019 no Changes in circumstances, existing at the measurement date or at other times in the future, or in the numerous estimates associated with management’s judgments, assumptions and estimates made in assessing the fair value of goodwill and other indefinite-lived intangibles, could result in an impairment charge in the future. The Company will continue to monitor all significant estimates and impairment indicators, and will perform interim impairment reviews as necessary. Any cost incurred to extend or renew the term of an indefinite lived intangible asset are expensed as incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes not not not
Revenue [Policy Text Block]	Revenue Recognition five 1 2 3 4 5 not not no Goods sold to third
Shipping and Handling, Fees and Costs [Policy Text Block]	Shipping and Handling Fees and Costs
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards a. In May 2014, 2014 09 July 1, 2018, not not July 1, 2018. The Company determined that deferral of revenue is appropriate for certain agreements where the performance of services after product delivery is required. Such services primarily pertain to technical commissioning services by its entities in its marine and propulsion business, whereby the Company’s technicians calibrate the controls and transmission to ensure proper performance for the customer’s specific application. This service helps identify issues with the ship's design or performance that need to be remediated by the ship builder or other component suppliers prior to the ship being officially accepted into service by the ship buyer. The cumulative effect adjustment of adopting the new standard is not b. In February 2016, 2016 02 12 July 1, 2018 2014 09, For operating leases in which the Company is a lessee, the Company concluded that all existing operating leases under the old guidance continue to be classified as operating leases under the new guidance, and all existing capital leases under the old guidance are classified as finance leases under the new guidance. The Company excluded any lease contracts with terms of twelve The following table presents the effect of the adoption of ASU 2016 02 June 30, 2018: June 30, 2018 Adoption June 30, 2018 As Reported Impact Restated Property, plant and equipment, net $ 48,940 $ 6,527 $ 55,467 Lease obligations - 6,527 6,527 The adoption of ASU 2014 09 2016 02 not June 30, 2018. c. In March 2017, 2017 07 July 1, 2018 no The following table presents the effect of the adoption of ASU 2017 07 June 30, 2018: For the Year Ended June 30, 2018 Adoption June 30, 2018 As Reported Impact Restated Cost of goods sold $ 160,497 $ (405 ) $ 160,092 Gross profit 80,236 405 80,641 Marketing, engineering and administrative expenses 61,909 (814 ) 61,095 Income from operations 14,929 1,219 16,148 Other income (expense), net (282 ) (1,219 ) (1,501 ) d. In February 2018, 2018 02 July 1, 2018 $6,903 e. In October 2016, 2016 16 July 1, 2018. not f. In August 2016, 2016 15 eight July 1, 2018. not g. In August 2017, 2017 12, 815 fourth 2019. not h. In August 2018, No. 33 10532, X 3 04 3 04 second 2019. not New Accounting Releases a. In June 2018, 2018 07 December 15, 2018, ( 2020 b. In August 2018, 2018 13 820, December 15, 2019 ( 2021 c. In August 2018, 2018 14 December 15, 2020 ( 2021

Note A - Basis of Presentatio_2

Note A - Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2019
Accounting Standards Update 2017-07 [Member]
Notes Tables
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	For the Year Ended June 30, 2018 Adoption June 30, 2018 As Reported Impact Restated Cost of goods sold $ 160,497 $ (405 ) $ 160,092 Gross profit 80,236 405 80,641 Marketing, engineering and administrative expenses 61,909 (814 ) 61,095 Income from operations 14,929 1,219 16,148 Other income (expense), net (282 ) (1,219 ) (1,501 )
Accounting Standards Update 2016-02 [Member]
Notes Tables
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	June 30, 2018 Adoption June 30, 2018 As Reported Impact Restated Property, plant and equipment, net $ 48,940 $ 6,527 $ 55,467 Lease obligations - 6,527 6,527

Note B - Acquisition of Veth _2

Note B - Acquisition of Veth Propulsion Holding BV (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Business Acquisitions by Acquisition, Consideration Transferred [Table Text Block]	Cash, paid at closing and after agreed-upon working capital adjustments $ 59,407 Fair value of contingent consideration at acquisition date 2,921 Total $ 62,328
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Fair Value of Assets Acquired Cash, including restricted cash $ 1,078 Accounts receivable and other current assets 10,437 Inventories 26,862 Property, plant and equipment 2,661 Intangibles (a) 26,500 Accounts payable and accrued liabilities (21,208 ) Deferred tax liability (8,001 ) Total net assets acquired 38,329 Goodwill (b) 23,999 Total consideration $ 62,328
Business Acquisition, Pro Forma Information, Actual [Table Text Block]	Year Ended June 30, 2019 Net sales $ 54,909 Gross profit (a) 10,085 Operating loss (b) (1,281 ) Net loss attributable to Twin Disc (1,849 )
Business Acquisition, Pro Forma Information [Table Text Block]	Year Ended Year Ended June 30, 2019 June 30, 2018 Net sales $ 302,663 $ 296,556 Gross profit (a) 93,918 92,158 Net income attributable to Twin Disc (b) 14,227 5,277 Basic income per share attributable to Twin Disc common shareholders $ 1.13 $ 0.47 Diluted income per share attributable to Twin Disc common shareholders $ 1.12 $ 0.46 Weighted average number of common shares outstanding: Basic 12,571 11,295 Diluted 12,682 11,395

Note C - Revenue Recognition (T

Note C - Revenue Recognition (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 30,393 $ 8,079 $ (4,430 ) $ 34,042 Land-based transmissions 111,260 30,483 (28,950 ) 112,793 Marine and propulsion systems 138,704 62,329 (50,796 ) 150,237 Other 71 5,590 (70 ) 5,591 Total $ 280,428 $ 106,481 $ (84,246 ) $ 302,663

Note D - Inventories (Tables)

Note D - Inventories (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2019 2018 Finished parts $ 57,682 $ 49,332 Work in process 23,812 13,183 Raw materials 44,399 21,486 $ 125,893 84,001

Note E - Property, Plant and _2

Note E - Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	2019 2018 Land $ 6,479 $ 6,525 Buildings 47,627 46,473 Machinery and equipment 158,183 144,457 212,289 197,455 Less: accumulated depreciation (141,031 ) (141,988 ) $ 71,258 $ 55,467

Note F - Goodwill and Other I_2

Note F - Goodwill and Other Intangibles (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Goodwill [Table Text Block]	Net Book Value Rollforward Net Book Value By Reporting Unit Gross Carrying Amount Accumulated Impairment Net Book Value European Industrial European Propulsion Balance at June 30, 2017 $ 16,407 $ (13,822 ) $ 2,585 $ 2,585 $ - Translation adjustment 107 - 107 107 - Balance at June 30, 2018 16,514 (13,822 ) 2,692 2,692 - Acquisition 23,999 - 23,999 - 23,999 Translation adjustment (737 ) - (737 ) (109 ) (628 ) Balance at June 30, 2019 $ 39,776 $ (13,822 ) $ 25,954 $ 2,583 $ 23,371
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Net Book Value Rollforward Net Book Value By Asset Type Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Balance at June 30, 2017 $ 13,436 $ (11,632 ) $ 1,804 $ - $ - $ 1,319 $ 485 Addition 19 - 19 - - - 19 Amortization - (149 ) (149 ) - - (84 ) (65 ) Translation adjustment 30 - 30 - - 53 (23 ) Balance at June 30, 2018 13,485 (11,781 ) 1,704 - - 1,288 416 Addition 236 - 236 - - - 236 Acquistion 26,500 - 26,500 16,300 8,400 1,800 - Amortization - (2,653 ) (2,653 ) (1,123 ) (1,172 ) (261 ) (97 ) Translation adjustment (634 ) - (634 ) (334 ) (203 ) (94 ) (3 ) Balance at June 30, 2019 $ 39,587 $ (14,434 ) $ 25,153 $ 14,843 $ 7,025 $ 2,733 $ 552
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2020 $ 2,904 2021 2,890 2022 2,874 2023 2,888 2024 2,789 Thereafter 10,808

Note G - Accrued Liabilities (T

Note G - Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	2019 2018 Customer deposits $ 14,924 $ 5,426 Salaries and wages 6,982 10,311 Warranty 3,034 3,952 Accrued professional fees 1,843 3,501 Other 12,826 9,786 $ 39,609 $ 32,976

Note H - Warranty (Tables)

Note H - Warranty (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	2019 2018 Reserve balance, July 1 $ 4,407 $ 2,062 Current period expense and adjustments 2,766 4,998 Payments or credits to customers (3,953 ) (2,671 ) Acquisition 557 - Translation adjustment (41 ) 18 Reserve balance, June 30 $ 3,736 $ 4,407

Note I - Debt (Tables)

Note I - Debt (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	2019 2018 Revolving loan agreement $ 22,666 $ 4,787 Term loan (due March 2026) 19,500 - Other 325 37 Subtotal 42,491 4,824 Less: current maturities (2,000 ) - Total long-term debt $ 40,491 $ 4,824
Schedule of Maturities of Long-term Debt [Table Text Block]	Fiscal Year 2020 $ 2,000 2021 2,161 2022 2,081 2023 24,709 2024 2,016 Thereafter 9,524 $ 42,491

Note J - Lease Obligations (Tab

Note J - Lease Obligations (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2020 $ 3,186 $ 136 2021 2,489 136 2022 1,950 136 2023 1,722 132 2024 1,532 112 Thereafter 11,112 - Total future lease payments 21,991 652 Less: Amount representing interest (7,861 ) (99 ) Present value of future payments $ 14,130 $ 553
Lease, Cost [Table Text Block]	For the Year Ended June 30, 2019 June 30, 2018 Finance lease cost: Amortization of right-of-use assets $ 27 $ 3 Interest on lease liabilities 8 1 Operating lease cost 3,348 2,462 Short-term lease cost 40 39 Variable lease cost 37 8 Total lease cost 3,460 2,513 Less: Sublease income (222 ) (204 ) Net lease cost $ 3,238 $ 2,309
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Year Ended June 30, 2019 June 30, 2018 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,338 $ 2,417 Operating cash flows from finance leases 18 3 Financing cash flows from finance leases 9 1 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 13,875 4,019 Finance leases 553 - Weighted average remaining lease term (years): Operating leases 11.1 5.6 Finance lease 4.8 4.0 Weighted average discount rate: Operating leases 7.7 % 7.2 % Finance leases 7.3 % 3.9 %

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	2019 2018 Translation adjustments $ 4,439 $ 7,085 Net loss on cash flow hedge derivatives, net of income taxes of $156 and $0, respectively (509 ) - Benefit plan adjustments, net of income taxes of $12,707 and $11,494 respectively (41,901 ) (30,877 ) Accumulated other comprehensive loss $ (37,971 ) $ (23,792 )
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]	Translation Benefit Plan Adjustment Adjustment Balance at June 30, 2017 $ 6,130 $ (38,801 ) Other comprehensive income before reclassifications 955 5,824 Amounts reclassified from accumulated other comprehensive income - 2,100 Net current period other comprehensive income 955 7,924 Balance at June 30, 2018 $ 7,085 $ (30,877 ) Translation Benefit Plan Cash Flow Adjustment Adjustment Hedges Balance at June 30, 2018 $ 7,085 $ (30,877 ) $ - Other comprehensive loss before reclassifications (2,646 ) (6,068 ) (509 ) Release stranded tax effects - (6,903 ) - Amounts reclassified from accumulated other comprehensive income - 1,947 - Net current period other comprehensive income (2,646 ) (11,024 ) (509 ) Balance at June 30, 2019 $ 4,439 $ (41,901 ) $ (509 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Amortization of benefit plan items Actuarial losses $ (3,053 ) Transition asset and prior service benefit 103 Total before tax benefit (2,950 ) Tax benefit 850 Total reclassification net of tax $ (2,100 ) Amount Reclassified Amortization of benefit plan items Actuarial losses $ (2,710 ) Transition asset and prior service benefit 176 Total before tax benefit (2,534 ) Tax benefit 587 Total reclassification net of tax $ (1,947 )

Note L - Business Segments an_2

Note L - Business Segments and Foreign Operations (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Revenue from External Customers by Products and Services [Table Text Block]	2019 2018 Industrial $ 34,042 $ 30,888 Land-based transmissions 112,793 107,169 Marine and propulsion systems 150,237 96,785 Other 5,591 5,891 Total $ 302,663 $ 240,733
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2019 Manufacturing Distribution Total Net Sales $ 280,428 $ 106,481 $ 386,909 Intra-segment sales 20,384 14,026 34,410 Inter-segment sales 46,078 3,758 49,836 Interest income 1,154 26 1,180 Interest expense 3,086 (37 ) 3,049 Income taxes 7,939 353 8,292 Depreciation and amortization 12,893 402 13,295 Net income attributable to Twin Disc 25,062 248 25,310 Assets 384,612 46,076 430,688 Expenditures for segment assets 10,725 663 11,388 2018 Manufacturing Distribution Total Net Sales $ 216,383 $ 84,688 $ 301,071 Intra-segment sales 22,912 8,743 31,655 Inter-segment sales 26,074 2,609 28,683 Interest income 16 18 34 Interest expense 275 - 275 Income taxes 15,782 588 16,370 Depreciation and amortization 5,632 452 6,084 Net income attributable to Twin Disc 22,799 1,067 23,866 Assets 266,417 52,230 318,647 Expenditures for segment assets 5,482 248 5,730
Reconciliation of Revenue and Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	2019 2018 Net sales: Total net sales from reportable segments $ 386,909 $ 301,071 Elimination of inter-company sales (84,246 ) (60,338 ) Total consolidated net sales $ 302,663 $ 240,733 Net income attributable to Twin Disc: Total net income from reportable segments $ 25,310 $ 23,866 Other adjustments and corporate expenses (14,637 ) (14,338 ) Total consolidated net income attributable to Twin Disc $ 10,673 $ 9,528
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	Segment Consolidated Totals Adjustments Totals 2019 Interest income $ 1,180 $ (1,137 ) $ 43 Interest expense 3,049 (1,122 ) 1,927 Income taxes 8,292 (4,581 ) 3,711 Depreciation and amortization 13,295 317 13,612 Assets 430,688 (83,818 ) 346,870 Expenditures for segment assets 11,388 591 11,979 2018 Interest income $ 34 $ 21 $ 55 Interest expense 275 7 282 Income taxes 16,370 (11,597 ) 4,773 Depreciation and amortization 6,084 380 6,464 Assets 318,647 (77,407 ) 241,240 Expenditures for segment assets 5,730 598 6,328
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	2019 2018 Net sales United States $ 132,467 $ 141,705 Netherlands 31,521 4,755 China 28,772 11,664 Italy 12,755 12,551 Australia 12,463 12,479 Canada 10,464 13,397 Other countries 74,221 44,182 Total $ 302,663 $ 240,733 2019 2018 Long-lived assets United States $ 41,233 $ 37,765 Netherlands 13,186 - Belgium 8,595 7,576 Switzerland 6,810 6,841 Italy 1,894 2,230 Other countries 3,298 4,905 Total $ 75,016 $ 59,317

Note M - Stock-based Compensa_2

Note M - Stock-based Compensation (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule Of Share-based Compensation Shares Available For Future Options [Table Text Block]	2019 2018 2018 LTI Plan 742,325 - 2010 Directors' Plan 61,354 80,938
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Average Weighted Remaining Aggregate Average Contractual Intrinsic 2019 Price Life (years) Value Non-qualified stock options: Options outstanding at beginning of year 7,200 $ 12.31 Granted - - Canceled/expired - - Exercised (3,600 ) 10.01 Options outstanding at June 30 3,600 $ 14.61 1.00 $ 1.8

Note O - Pension and Other Po_2

Note O - Pension and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Net Funded Status [Table Text Block]	Pension Other Postretirement Benefits Benefits 2019 2018 2019 2018 Change in benefit obligation: Benefit obligation, beginning of year $ 105,012 $ 118,170 $ 8,077 $ 11,574 Service cost 795 861 19 20 Interest cost 4,020 3,979 305 325 Actuarial loss (gain) 6,718 (8,690 ) 18 (2,608 ) Contributions by plan participants 103 105 389 440 Benefits paid (9,326 ) (9,413 ) (1,357 ) (1,674 ) Benefit obligation, end of year $ 107,322 $ 105,012 $ 7,451 $ 8,077 Change in plan assets: Fair value of assets, beginning of year $ 90,258 $ 94,372 $ - $ - Actual return on plan assets 4,125 2,894 - - Employer contribution 2,131 2,300 968 1,234 Contributions by plan participants 103 105 389 440 Benefits paid (9,326 ) (9,413 ) (1,357 ) (1,674 ) Fair value of assets, end of year $ 87,291 $ 90,258 $ - $ - Funded status $ (20,031 ) $ (14,754 ) $ (7,451 ) $ (8,077 ) Amounts recognized in the balance sheet consist of: Other assets - noncurrent $ 3 $ 157 $ - $ - Accrued liabilities - current (645 ) (679 ) (962 ) (1,241 ) Accrued retirement benefits - noncurrent (19,389 ) (14,232 ) (6,489 ) (6,836 ) Net amount recognized $ (20,031 ) $ (14,754 ) $ (7,451 ) $ (8,077 ) Amounts recognized in accumulated other comprehensive loss consist of (net of tax): Net transition obligation $ 178 $ 204 $ - $ - Prior service cost 144 360 (908 ) - Actuarial net loss 42,185 31,146 302 (833 ) Net amount recognized $ 42,507 $ 31,710 $ (606 ) $ (833 )
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]	Other Pension Postretirement Benefits Benefits Net transition obligation $ 34 $ - Prior service cost 45 (275 ) Actuarial net loss 3,134 - Net amount to be recognized $ 3,213 $ (275 )
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block]	June 30 2019 2018 Projected and accumulated benefit obligation $ 102,879 $ 100,699 Fair value of plan assets 82,845 85,788
Schedule of Net Benefit Costs [Table Text Block]	Pension Benefits 2019 2018 Service cost $ 792 $ 868 Interest cost 4,019 3,981 Expected return on plan assets (5,238 ) (6,041 ) Amortization of transition obligation 34 36 Amortization of prior service cost 64 67 Amortization of actuarial net loss 2,710 3,021 Net periodic benefit cost $ 2,381 $ 1,932 Other Postretirement Benefits 2019 2018 Service cost $ 18 $ 20 Interest cost 304 325 Amortization of prior service cost (274 ) (206 ) Amortization of actuarial net loss - 32 Net periodic benefit cost $ 48 $ 171
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Other Postretirement Pension Benefits Net loss $ 8,098 $ 18 Prior service cost (211 ) - Amortization of transition asset (34 ) - Amortization of prior service (cost) benefit (64 ) 275 Amortization of net (loss) gain (2,711 ) - Total recognized in other comprehensive income 5,078 293 Net periodic benefit cost 2,381 48 Total recognized in net periodic benefit cost and other comprehensive income $ 7,459 $ 341 Other Postretirement Pension Benefits Net gain $ (5,643 ) $ (940 ) Prior service cost - (1,668 ) Amortization of transition asset (34 ) - Amortization of prior service (cost) benefit (67 ) 206 Amortization of net (loss) gain (2,952 ) (32 ) Total recognized in other comprehensive income (8,696 ) (2,434 ) Net periodic benefit cost 1,932 171 Total recognized in net periodic benefit cost and other comprehensive income $ (6,764 ) $ (2,263 )
Defined Benefit Plan, Assumptions [Table Text Block]	Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine benefit obligations at June 30 2019 2018 2019 2018 Discount rate 3.22 % 4.01 % 3.15 % 4.09 % Expected return on plan assets 6.04 % 6.74 % Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine net periodic benefit costs for years ended June 30 2019 2018 2019 2018 Discount rate 4.01 % 3.51 % 4.09 % 3.41 % Expected return on plan assets 6.74 % 6.68 %
Schedule of Plan Weighted Average Assets Allocations [Table Text Block]	Target June 30 Asset Category Allocation 2019 2018 Equity securities 51 % 49 % 51 % Debt securities 40 % 42 % 39 % Real estate 9 % 9 % 10 % 100 % 100 % 100 %
Schedule of Allocation of Plan Assets [Table Text Block]	Total Level I Level II Level III Cash and cash equivalents $ 971 $ 971 $ - $ - Equity securities: Company common stock (a) 1,483 1,483 - - Common stock (a) 16,713 16,713 - - Mutual funds (b) 7,963 7,963 - - Annuity contracts (c) 6,171 - - 6,171 Total $ 33,301 $ 27,130 $ - $ 6,171 Investments Measured at Net Asset Value (d) 53,990 Total $ 87,291 Total Level I Level II Level III Cash and cash equivalents $ 1,156 $ 1,156 $ - $ - Equity securities: Company common stock (a) 2,438 2,438 - - Common stock (a) 17,373 17,373 - - Mutual funds (b) 8,554 8,554 - - Annuity contracts (c) 6,113 - - 6,113 Total $ 35,634 $ 29,521 $ - $ 6,113 Investments Measured at Net Asset Value (d) 54,624 Total $ 90,258 2019 2018 Fixed income funds $ 33,568 $ 31,852 International equity securities 3,168 3,294 Real estate 7,069 8,218 Hedged equity mutual funds 10,185 11,260 Total $ 53,990 $ 54,624
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	2019 2018 Beginning balance $ 6,113 $ 7,779 Actual return on plan assets: Relating to assets still held at reporting date 216 (58 ) Purchases, sales and settlements, net (158 ) (1,608 ) Ending balance $ 6,171 $ 6,113
Schedule of Expected Benefit Payments [Table Text Block]	Other Pension Postretirement Benefits Benefits 2020 $ 9,411 $ 977 2021 8,336 905 2022 8,138 825 2023 7,737 753 2024 7,395 681 Years 2025 - 2029 32,656 2,549

Note P - Income Taxes (Tables)

Note P - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	2019 2018 United States $ 7,059 $ 8,679 Foreign 7,448 5,741 $ 14,507 $ 14,420
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2019 2018 Currently payable: Federal $ 248 $ 234 State 261 135 Foreign (3,644 ) 1,400 (3,135 ) 1,769 Deferred: Federal 920 5,529 State (7 ) 167 Foreign 5,933 (2,692 ) 6,846 3,004 $ 3,711 $ 4,773
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2019 2018 Deferred tax assets: Retirement plans and employee benefits $ 7,732 $ 6,910 Foreign tax credit carryforwards 6,296 6,866 Federal tax credits 1,057 774 State net operating loss and other state credit carryforwards 1,269 1,190 Inventory 757 1,259 Reserves 765 1,099 Foreign NOL carryforwards 775 2,940 Accruals 339 324 Right of use assets - leases 3,691 - Other assets 656 403 23,337 21,765 Deferred tax liabilities: Property, plant and equipment 3,432 3,473 Intangibles 5,345 1,209 Long term lease obligations 3,617 - Other liabilities 194 230 12,588 4,912 Valuation allowance - - Total net deferred tax assets $ 10,749 $ 16,853
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2019 2018 U.S. federal income tax at 21% (27.56% in 2018) $ 3,046 $ 3,974 Increases (reductions) in tax resulting from: Foreign tax items 281 675 State taxes 209 272 Valuation allowance - (3,803 ) Change in prior year estimate (50 ) (89 ) Research and development tax credits (306 ) (162 ) Section 199 deduction - (114 ) Unrecognized tax benefits 158 (42 ) Stock compensation (153 ) (114 ) Rate changes 15 3,786 Deferred tax basis adjustments (111 ) 431 Executive compensation 291 - GILTI inclusion 284 - FDII deduction (74 ) - Other, net 121 (41 ) $ 3,711 $ 4,773
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	June 30, 2019 June 30, 2018 Unrecognized tax benefits, beginning of year $ 816 $ 827 Additions based on tax positions related to the prior year 31 - Additions based on tax positions related to the current year 91 303 Reductions based on tax positions related to the prior year - (9 ) Subtractions due to statutes closing - (105 ) Settlements with taxing authorities - (200 ) Unrecognized tax benefits, end of year $ 938 $ 816

Note R - Restructuring of Ope_2

Note R - Restructuring of Operations and Other Operating Income (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2017 $ 92 Additions 3,398 Payments and adjustments (3,400 ) Accrued restructuring liability, June 30, 2018 90 Additions 1,179 Payments and adjustments (1,269 ) Accrued restructuring liability, June 30, 2019 $ -

Note S - Earnings Per Share (Ta

Note S - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2019 2018 Basic: Net income $ 10,796 $ 9,647 Less: Net earnings attributable to noncontrolling interest (123 ) (119 ) Less: Undistributed earnings attributable to unvested shares (148 ) (222 ) Net income available to Twin Disc shareholders 10,525 9,306 Weighted average shares outstanding - basic 12,571 11,295 Basic Income Per Share: Net income per share - basic $ 0.84 $ 0.82 Diluted: Net income $ 10,796 $ 9,647 Less: Net earnings attributable to noncontrolling interest (123 ) (119 ) Less: Undistributed earnings attributable to unvested shares (148 ) (222 ) Net income available to Twin Disc shareholders 10,525 9,306 Weighted average shares outstanding - basic 12,571 11,295 Effect of dilutive stock awards 111 100 Weighted average shares outstanding - diluted 12,682 11,395 Diluted Income Per Share: Net income per share - diluted $ 0.83 $ 0.82

Note T - Derivative Financial_2

Note T - Derivative Financial Intruments (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location 2019 2018 Derivatives designated as hedges: Interest rate swaps Accrued liabilities $ 122 $ - Interest rate swaps Other long-term liabilities 544 -
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Comprehensive Income Location 2019 2018 Derivatives designated as hedges: Interest rate swaps Interest expense $ 1 $ - Interest rate swaps Unrealized loss on cash flow hedge (509 ) - Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ 4 $ (65 )

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2019
Notes Tables
Valuation Allowances and Reserves [Table Text Block]	Balance at Charged to Balance at Beginning Costs and End of Description of Period Expenses Deductions (1) Period 2019: Allowance for losses on accounts receivable $ 1,478 $ 236 $ 132 $ 1,582 Deferred tax valuation allowance $ - $ - $ - $ - 2018: Allowance for losses on accounts receivable $ 1,519 $ 280 $ 321 $ 1,478 Deferred tax valuation allowance $ 3,803 $ - $ 3,803 $ -

Note A - Basis of Presentatio_3

Note A - Basis of Presentation and Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Foreign Currency Transaction Gain (Loss), before Tax, Total	$ (681)	$ (198)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	1,582	$ 1,478
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	0
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect
Retained Earnings [Member]
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect	6,903
AOCI Attributable to Parent [Member]
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect	$ (6,903)
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	15 years

Note A - Basis of Presentatio_4

Note A - Basis of Presentation and Significant Accounting Policies - Summary of Effect of Adopting ASU 2016-02 on the Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Property, plant and equipment, net	$ 71,258	$ 55,467
Lease obligations	$ 14,683	6,527
Previously Reported [Member]
Property, plant and equipment, net		48,940
Lease obligations
Restatement Adjustment [Member] | Accounting Standards Update 2016-02 [Member]
Property, plant and equipment, net		6,527
Lease obligations		$ 6,527

Note A - Basis of Presentatio_5

Note A - Basis of Presentation and Significant Accounting Policies - Effects of Adopting ASU 2017-07 on the Condensed Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cost of goods sold	$ 213,022	$ 160,092
Gross profit	89,641	80,641
Marketing, engineering and administrative expenses	71,541	61,095
Income from operations	18,498	16,148
Other income (expense), net	$ (2,107)	(1,501)
Previously Reported [Member]
Cost of goods sold		160,497
Gross profit		80,236
Marketing, engineering and administrative expenses		61,909
Income from operations		14,929
Other income (expense), net		(282)
Restatement Adjustment [Member] | Accounting Standards Update 2017-07 [Member]
Cost of goods sold		(405)
Gross profit		405
Marketing, engineering and administrative expenses		(814)
Income from operations		1,219
Other income (expense), net		$ (1,219)

Note B - Acquisition of Veth _3

Note B - Acquisition of Veth Propulsion Holding BV (Details Textual) - USD ($) $ in Thousands	May 13, 2019	Jul. 02, 2018	May 13, 2019	Jun. 30, 2019	Jun. 30, 2018
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				9 years
Amortization of Inventory Fair Value Step-up				$ 4,277
Amortization of Intangible Assets, Total				2,653	149
Customer Relationships [Member]
Amortization of Intangible Assets, Total				1,123
Technology-Based Intangible Assets [Member]
Amortization of Intangible Assets, Total				1,172
Trade Names [Member]
Amortization of Intangible Assets, Total				261	84
Veth Propulsion [Member]
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Payments to Acquire Businesses, Gross		$ 58,862	$ 59,407
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,991
Stock Issued During Period, Shares, Acquisitions	139,347
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred			2,921
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 3,300		$ 3,300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Amortization of Inventory Fair Value Step-up				4,277	4,715
Amortization of Intangible Assets, Total				2,636
Business Combination, Acquisition Related Costs				$ 461	1,768
Amortization of Intangible Assets and Interest Expense of Long-term Debt, Total, Before Tax					$ 4,542
Veth Propulsion [Member] | Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	12 years
Veth Propulsion [Member] | Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Asset, Useful Life	7 years
Veth Propulsion [Member] | Trade Names [Member]
Finite-Lived Intangible Asset, Useful Life	10 years

Note B - Acquisition of Veth _4

Note B - Acquisition of Veth Propulsion Holding BV - Consideration Transferred (Details) - Veth Propulsion [Member] - USD ($) $ in Thousands	Jul. 02, 2018	May 13, 2019
Cash, paid at closing and after agreed-upon working capital adjustments	$ 58,862	$ 59,407
Fair value of contingent consideration at acquisition date		2,921
Total		$ 62,328

Note B - Acquisition of Veth _5

Note B - Acquisition of Veth Propulsion Holding BV - Summary of Preliminary Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)		Jun. 30, 2019	Jul. 02, 2018	Jun. 30, 2018	Jun. 30, 2017
Goodwill (b)		$ 25,954,000		$ 2,692,000	$ 2,585,000
Veth Propulsion [Member]
Cash, including restricted cash			$ 1,078,000
Accounts receivable and other current assets			10,437,000
Inventories			26,862,000
Property, plant and equipment			2,661,000
Intangibles (a)	[1]		26,500,000
Accounts payable and accrued liabilities			(21,208,000)
Deferred tax liability			(8,001,000)
Total net assets acquired			38,329,000
Goodwill (b)	[2]		23,999,000
Total consideration			$ 62,328,000
[1]	Intangibles consist of customer relationships, technology and know-how and tradenames, with estimated useful lives 12 years, 7 years, and 10 years, respectively, and weighted average remaining useful life of approximately 9 years. The amounts acquired are presented in Note F, Goodwill and Other Intangibles.
[2]	The Company is not able to deduct any of the goodwill for tax purposes.

Note B - Acquisition of Veth _6

Note B - Acquisition of Veth Propulsion Holding BV - Financial Information From Veth Propulsion Included in the Consolidated Statements of Operations (Details) - Veth Propulsion [Member] $ in Thousands	12 Months Ended
	Jun. 30, 2019USD ($)
Net sales	$ 54,909
Gross profit	10,085	[1]
Operating loss	(1,281)	[2]
Net loss attributable to Twin Disc	$ (1,849)
[1]	Gross profit includes the non-recurring purchase accounting charge for the step-up of inventories acquired of $4,277 for the year.
[2]	In addition to (a), operating loss includes the depreciation of property, plant and equipment and amortization of intangible assets acquired of $2,636 for the year. Operating loss also includes one-time transaction charges related to the acquisition of $461 for the year.

Note B - Acquisition of Veth _7

Note B - Acquisition of Veth Propulsion Holding BV - Unaudited Supplemental Pro Forma Information (Details) - Veth Propulsion [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Net sales		$ 302,663	$ 296,556
Gross profit	[1]	93,918	92,158
Net income attributable to Twin Disc	[2]	$ 14,227	$ 5,277
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)		$ 1.13	$ 0.47
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)		$ 1.12	$ 0.46
Basic (in shares)		12,571	11,295
Diluted (in shares)		12,682	11,395
[1]	Gross profit includes the amortization of the step-up of inventories of $4,715 for the year.
[2]	In addition to (a), this includes the amortization of intangible assets acquired and interest expense on borrowings under the Credit Agreement net of other expenses, amounting to $4,542 before tax, for the year.

Note C - Revenue Recognition (D

Note C - Revenue Recognition (Details Textual) $ in Thousands	Jun. 30, 2019USD ($)
Contract with Customer, Liability, Total	$ 0
Contract with Customer, Asset, before Allowance for Credit Loss, Total	$ 0

Note C - Revenue Recognition -

Note C - Revenue Recognition - Net Sales by Product Group (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Sales	$ 302,663	$ 240,733
Operating Segments [Member]
Net Sales	386,909	301,071
Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	280,428	216,383
Operating Segments [Member] | Distribution Segment [Member]
Net Sales	106,481	84,688
Intersegment Eliminations [Member]
Net Sales	(84,246)	(60,338)
Industrial [Member]
Net Sales	34,042	30,888
Industrial [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	30,393
Industrial [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	8,079
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(4,430)
Land Based Transmissions [Member]
Net Sales	112,793	107,169
Land Based Transmissions [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	111,260
Land Based Transmissions [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	30,483
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(28,950)
Marine and Propulsion Systems [Member]
Net Sales	150,237	96,785
Marine and Propulsion Systems [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	138,704
Marine and Propulsion Systems [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	62,329
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(50,796)
Other [Member]
Net Sales	5,591	$ 5,891
Other [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	71
Other [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	5,590
Other [Member] | Intersegment Eliminations [Member]
Net Sales	$ (70)

Note D - Inventories (Details T

Note D - Inventories (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Percentage of LIFO Inventory	52.00%	48.00%
Excess of Replacement or Current Costs over Stated LIFO Value	$ 25,709	$ 24,630
Inventory Valuation Reserves, Ending Balance	$ 10,463	$ 8,427

Note D - Inventories - Inventor

Note D - Inventories - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Finished parts	$ 57,682	$ 49,332
Work in process	23,812	13,183
Raw materials	44,399	21,486
Total inventories	$ 125,893	$ 84,001

Note E - Property, Plant and _3

Note E - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Depreciation, Total	$ 6,682	$ 6,315

Note E - Property, Plant and _4

Note E - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Land	$ 6,479	$ 6,525
Buildings	47,627	46,473
Machinery and equipment	158,183	144,457
Property, plant and Equipment, Gross	212,289	197,455
Less: accumulated depreciation	(141,031)	(141,988)
Property, plant and Equipment, Net	$ 71,258	$ 55,467

Note F - Goodwill and Other I_3

Note F - Goodwill and Other Intangibles (Details Textual)		May 13, 2019	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jul. 02, 2018USD ($)	Jun. 30, 2017USD ($)
Goodwill, Ending Balance			$ 25,954,000	$ 2,692,000		$ 2,585,000
Goodwill, Impairment Loss			$ 0
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			9 years
Amortization of Intangible Assets, Total			$ 2,653,000	149,000
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance			200,000	202,000
European Propulsion [Member]
Goodwill, Ending Balance			23,371,000
Goodwill, Impairment Loss			$ 0
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount			118.00%
European Industrial [Member]
Goodwill, Ending Balance			$ 2,583,000	$ 2,692,000		$ 2,585,000
Goodwill, Impairment Loss			$ 0
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount			41.00%
Measurement Input, Discount Rate [Member] | European Propulsion [Member]
Goodwill, Measurement Input			0.13
Measurement Input, Discount Rate [Member] | European Industrial [Member]
Goodwill, Measurement Input			0.14
Veth Propulsion [Member]
Goodwill, Ending Balance	[1]				$ 23,999,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	[2]				$ 26,500,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		9 years
Amortization of Intangible Assets, Total			$ 2,636,000
[1]	The Company is not able to deduct any of the goodwill for tax purposes.
[2]	Intangibles consist of customer relationships, technology and know-how and tradenames, with estimated useful lives 12 years, 7 years, and 10 years, respectively, and weighted average remaining useful life of approximately 9 years. The amounts acquired are presented in Note F, Goodwill and Other Intangibles.

Note F - Goodwill and Other I_4

Note F - Goodwill and Other Intangibles - Goodwill Rollforward (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Balance, goodwill gross carrying amount	$ 39,776,000	$ 16,514,000	$ 16,407,000
Translation adjustment, goodwill gross carrying amount	(737,000)	107,000
Acquisition, goodwill gross carrying amount	23,999,000
Balance, goodwill accumulated impairment	(13,822)	(13,822,000)	(13,822,000)
Goodwill, Ending Balance	25,954,000	2,692,000	2,585,000
European Industrial [Member]
Translation adjustment, goodwill gross carrying amount	(109,000)	107,000
Acquisition, goodwill gross carrying amount
Goodwill, Ending Balance	2,583,000	2,692,000	2,585,000
European Propulsion [Member]
Translation adjustment, goodwill gross carrying amount	(628,000)
Acquisition, goodwill gross carrying amount	23,999,000
Goodwill, Ending Balance	$ 23,371,000

Note F - Goodwill and Other I_5

Note F - Goodwill and Other Intangibles - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Balance, Definite Intangible Assets Gross Carrying Amount	$ 13,485	$ 13,436
Addition, Definite Intangible Assets Gross Carrying Amount	236	19
Translation adjustment, Definite Intangible Assets Gross Carrying Amount	(634)	30
Acquistion, Definite Intangible Assets Gross Carrying Amount	26,500
Balance, Definite Intangible Assets Gross Carrying Amount	39,587	13,485
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(11,781)	(11,632)
Amortization, Definite Intangible Assets	(2,653)	(149)
Translation adjustment, Definite Intangible Assets Accumulated Amortization/Impairment
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(14,434)	(11,781)
Balance at June 30, Definite Intangible Assets Net Book Value	1,704	1,804
Addition, Definite Intangible Assets Net Book Value	236	19
Translation adjustment, Definite Intangible Assets Net Book Value	(634)	30
Acquistion, Definite Intangible Assets Net Book Value	26,500
Balance at June 30, Definite Intangible Assets Net Book Value	25,153	1,704
Customer Relationships [Member]
Amortization, Definite Intangible Assets	(1,123)
Balance at June 30, Definite Intangible Assets Net Book Value
Addition, Definite Intangible Assets Net Book Value
Translation adjustment, Definite Intangible Assets Net Book Value	(334)
Acquistion, Definite Intangible Assets Net Book Value	16,300
Balance at June 30, Definite Intangible Assets Net Book Value	14,843
Technology-Based Intangible Assets [Member]
Amortization, Definite Intangible Assets	(1,172)
Balance at June 30, Definite Intangible Assets Net Book Value
Addition, Definite Intangible Assets Net Book Value
Translation adjustment, Definite Intangible Assets Net Book Value	(203)
Acquistion, Definite Intangible Assets Net Book Value	8,400
Balance at June 30, Definite Intangible Assets Net Book Value	7,025
Trade Names [Member]
Amortization, Definite Intangible Assets	(261)	(84)
Balance at June 30, Definite Intangible Assets Net Book Value	1,288	1,319
Addition, Definite Intangible Assets Net Book Value
Translation adjustment, Definite Intangible Assets Net Book Value	(94)	53
Acquistion, Definite Intangible Assets Net Book Value	1,800
Balance at June 30, Definite Intangible Assets Net Book Value	2,733	1,288
Other Intangible Assets [Member]
Amortization, Definite Intangible Assets	(97)	(65)
Balance at June 30, Definite Intangible Assets Net Book Value	416	485
Addition, Definite Intangible Assets Net Book Value	236	19
Translation adjustment, Definite Intangible Assets Net Book Value	(3)	(23)
Acquistion, Definite Intangible Assets Net Book Value
Balance at June 30, Definite Intangible Assets Net Book Value	$ 552	$ 416

Note F - Goodwill and Other I_6

Note F - Goodwill and Other Intangibles - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Jun. 30, 2019USD ($)
2020	$ 2,904
2021	2,890
2022	2,874
2023	2,888
2024	2,789
Thereafter	$ 10,808

Note G - Accrued Liabilities -

Note G - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Customer deposits	$ 14,924	$ 5,426
Salaries and wages	6,982	10,311
Warranty	3,034	3,952
Accrued professional fees	1,843	3,501
Other	12,826	9,786
Total accrued liabilities	$ 39,609	$ 32,976

Note H - Warranty (Details Text

Note H - Warranty (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Product Warranty Accrual, Current	$ 3,034	$ 3,952
Product Warranty Accrual, Noncurrent	$ 702	$ 455
Minimum [Member]
Warranty Period	1 year
Maximum [Member]
Warranty Period	2 years

Note H - Warranty - Warranty (D

Note H - Warranty - Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Reserve balance	$ 4,407	$ 2,062
Current period expense and adjustments	2,766	4,998
Payments or credits to customers	(3,953)	(2,671)
Acquisition, Warranty	557
Translation adjustment	(41)	18
Reserve balance	$ 3,736	$ 4,407

Note I - Debt (Details Textual)

Note I - Debt (Details Textual) $ in Thousands	Apr. 22, 2019USD ($)	Mar. 04, 2019USD ($)	Mar. 03, 2019USD ($)	Sep. 25, 2018USD ($)	Jul. 02, 2018USD ($)	May 13, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 29, 2018USD ($)
Proceeds from Long-term Lines of Credit							$ 147,854	$ 80,642
Proceeds from Sale Leaseback Agreement							329
Principal Paid on Sale Leaseback Liabilities							$ 28
Minimum [Member]
Sale Leaseback Transactions, Term							3 years
Sale Leaseback Transactions, Implied Interest Rate							7.00%
Maximum [Member]
Sale Leaseback Transactions, Term							5 years
Sale Leaseback Transactions, Implied Interest Rate							25.00%
Prior Parent of Veth Propulsion [Member]
Repayments of Debt					$ 1,865
Bank of Montreal [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative, Notional Amount	$ 20,000
Derivative, Maturity Date	Mar. 4, 2026
Veth Propulsion [Member]
Payments to Acquire Businesses, Gross					58,862	$ 59,407
Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 952	$ 1,477
Debt, Weighted Average Interest Rate							5.00%	5.00%
The 2018 Credit Agreement [Member]
Repayments of Debt				$ 32,210
BMO [Member] | The 2018 Credit Agreement [Member]
Proceeds from Issuance of Debt					60,729
Debt Instrument, Percentage of Equity Interest in Certain Domestic Subsidiaries							100.00%
Debt Instrument, Percentage of Equity Interest in Certain Foreign Subsidiaries							65.00%
Debt Instrument, Collateral Percent of Letter of Credit Obligation Upon Occurrence of an Event Default							105.00%
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity									$ 50,000
Proceeds from Long-term Lines of Credit					25,729
Debt Instrument, Interest Rate During Period							2.99%
Line of Credit Facility, Current Borrowing Capacity							$ 47,324
Line of Credit Facility, Remaining Borrowing Capacity							$ 24,658
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity		$ 20,000							$ 35,000
Proceeds from Issuance of Debt		9,151			$ 35,000
Long-term Debt, Gross			$ 10,849
Debt Instrument, Periodic Payment, Total		$ 500
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio		3
Debt Instrument, Covenant, Minimum Tangible Net Worth Plus Half of Net Income		$ 100,000	$ 70,000
Debt Instrument, Interest Rate During Period							4.71%
Debt Instrument, Maturity Date		Mar. 4, 2026	Jan. 2, 2020
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member] | Minimum [Member]
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio			3.5
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member] | Maximum [Member]
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio			3.25
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			3.00%
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.375%
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.375%

Note I - Debt - Long-term Debt

Note I - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Long-term debt	$ 42,491	$ 4,824
Less: current maturities	(2,000)
Total long-term debt	40,491	4,824
Revolving Loan [Member]
Long-term debt	22,666	4,787
Term Loan [Member]
Long-term debt	19,500
Other Long-Term Debt [Member]
Long-term debt	$ 325	$ 37

Note I - Debt - Schedule of Mat

Note I - Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
2020	$ 2,000
2021	2,161
2022	2,081
2023	24,709
2024	2,016
Thereafter	9,524
Total	$ 42,491	$ 4,824

Note J - Lease Obligations (Det

Note J - Lease Obligations (Details Textual) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Operating Lease, Right-of-Use Asset	$ 14,138,000	$ 6,527,000
Operating Lease, Liability, Total	14,130,000	6,527,000
Finance Lease, Right-of-Use Asset	545,000	11,000
Finance Lease, Liability, Total	$ 553,000	$ 0

Note J - Lease Obligations - Fu

Note J - Lease Obligations - Future Minimum Rental Commitments Under Noncancellable Leases (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
2020, Operating Leases	$ 3,186,000
2020, Finance Leases	136,000
2021, Operating Leases	2,489,000
2021, Finance Leases	136,000
2022, Operating Leases	1,950,000
2022, Finance Leases	136,000
2023, Operating Leases	1,722,000
2023, Finance Leases	132,000
2024, Operating Leases	1,532,000
2024, Finance Leases	112,000
Thereafter, Operating Leases	11,112,000
Thereafter, Finance Leases
Total future lease payments, Operating Leases	21,991,000
Total future lease payments, Finance Leases	652,000
Less: Amount representing interest, Operating Leases	(7,861,000)
Less: Amount representing interest, Finance Leases	(99,000)
Operating Lease, Liability, Total	14,130,000	$ 6,527,000
Finance Lease, Liability, Total	$ 553,000	$ 0

Note J - Lease Obligations - Co

Note J - Lease Obligations - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Amortization of right-of-use assets	$ 27	$ 3
Interest on lease liabilities	8	1
Operating lease cost	3,348	2,462
Short-term lease cost	40	39
Variable lease cost	37	8
Total lease cost	3,460	2,513
Less: Sublease income	(222)	(204)
Net lease cost	$ 3,238	$ 2,309

Note J - Lease Obligations - Ot

Note J - Lease Obligations - Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating cash flows from operating leases	$ 3,338	$ 2,417
Operating cash flows from finance leases	18	3
Financing cash flows from finance leases	9	1
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	13,875	4,019
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 553
Weighted average remaining lease term (years): Operating leases (Year)	11 years 36 days	5 years 219 days
Weighted average remaining lease term (years): Finance lease (Year)	4 years 292 days	4 years
Weighted average discount rate: Operating leases	7.70%	7.20%
Weighted average discount rate: Finance leases	7.30%	3.90%

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Sep. 25, 2018	Mar. 29, 2019	Jun. 30, 2019	Jun. 30, 2018
Stock Issued During Period, Shares, New Issues	1,533,334
Share Price	$ 22.50
Payments of Stock Underwriting Costs		$ 2,070
Payments of Stock Offering Expenses		220
Proceeds from Issuance of Common Stock		$ 32,210	$ 32,210
Common Stock, Shares, Outstanding, Ending Balance			13,240,278	11,553,685
Treasury Stock, Shares, Ending Balance			1,392,524	1,545,783
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total			157,043	67,286
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			3,784	32,734
Treasury Stock, Shares, Acquired			0	0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased			315,000	315,000
Common Stock, Dividends, Per Share, Cash Paid			$ 0	$ 0
Preferred Stock, Shares Authorized			200,000	200,000
Preferred Stock, Shares Issued, Total			0	0
Preferred Stock, Capital Shares Reserved for Future Issuance			150,000

Note K - Shareholders' Equity -

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Translation adjustments	$ 4,439	$ 7,085
Net loss on cash flow hedge derivatives, net of income taxes of $156 and $0, respectively	(509)
Benefit plan adjustments, net of income taxes of $12,707 and $11,494 respectively	(41,901)	(30,877)
Accumulated other comprehensive loss	$ (37,971)	$ (23,792)

Note K - Shareholders' Equity_3

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Unrealized loss on cash flow hedge, income taxes	$ 156	$ 0
Tax effect on benefit plan adjustments	$ 12,707	$ 11,494

Note K - Shareholders' Equity_4

Note K - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Balance	$ 143,616	$ 123,567
Release stranded tax effects
Balance	182,818	143,616
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	7,085	6,130
Other comprehensive income before reclassifications	(2,646)	955
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income	(2,646)	955
Release stranded tax effects
Balance	4,439	7,085
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(30,877)	(38,801)
Other comprehensive income before reclassifications	(6,068)	5,824
Amounts reclassified from accumulated other comprehensive income	1,947	2,100
Net current period other comprehensive income	(11,024)	7,924
Release stranded tax effects	(6,903)
Balance	(41,901)	(30,877)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance
Other comprehensive income before reclassifications	(509)
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive income	(509)
Release stranded tax effects
Balance	$ (509)

Note K - Shareholders' Equity_5

Note K - Shareholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Income tax expense		$ 3,711	$ 4,773
Net income		10,796	9,647
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	[1]	(2,710)	(3,053)
Transition asset and prior service benefit	[1]	176	103
Total before tax benefit		(2,534)	(2,950)
Income tax expense		587	850
Net income		$ (1,947)	$ (2,100)
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note I "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Business Segments an_3

Note L - Business Segments and Foreign Operations (Details Textual)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Number of Reportable Segments	2
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Customers		1
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 1 [Member]
Concentration Risk, Percentage		10.00%

Note L - Business Segments an_4

Note L - Business Segments and Foreign Operations - Net Sales by Product Group (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Sales	$ 302,663	$ 240,733
Industrial [Member]
Net Sales	34,042	30,888
Land Based Transmissions [Member]
Net Sales	112,793	107,169
Marine and Propulsion Systems [Member]
Net Sales	150,237	96,785
Other [Member]
Net Sales	$ 5,591	$ 5,891

Note L - Business Segments an_5

Note L - Business Segments and Foreign Operations - Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Sales	$ 302,663	$ 240,733
Intra-segment sales	34,410	31,655
Inter-segment sales	49,836	28,683
Interest income	43	55
Interest expense	1,927	282
Income taxes	3,711	4,773
Depreciation and amortization	9,335	6,464
Net income attributable to Twin Disc	10,673	9,528
Assets	346,870	241,240
Expenditures for segment assets	11,979	6,328
Manufacturing Segment [Member]
Intra-segment sales	20,384	22,912
Inter-segment sales	46,078	26,074
Distribution Segment [Member]
Intra-segment sales	14,026	8,743
Inter-segment sales	3,758	2,609
Operating Segments [Member]
Net Sales	386,909	301,071
Interest income	1,180	34
Interest expense	3,049	275
Income taxes	8,292	16,370
Depreciation and amortization	13,295	6,084
Net income attributable to Twin Disc	25,310	23,866
Assets	430,688	318,647
Expenditures for segment assets	11,388	5,730
Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	280,428	216,383
Interest income	1,154	16
Interest expense	3,086	275
Income taxes	7,939	15,782
Depreciation and amortization	12,893	5,632
Net income attributable to Twin Disc	25,062	22,799
Assets	384,612	266,417
Expenditures for segment assets	10,725	5,482
Operating Segments [Member] | Distribution Segment [Member]
Net Sales	106,481	84,688
Interest income	26	18
Interest expense	(37)
Income taxes	353	588
Depreciation and amortization	402	452
Net income attributable to Twin Disc	248	1,067
Assets	46,076	52,230
Expenditures for segment assets	$ 663	$ 248

Note L - Business Segments an_6

Note L - Business Segments and Foreign Operations - Reconciliation of Reportable Segment Net Sales and Net Earnings to Consolidated Totals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Sales	$ 302,663	$ 240,733
Net earnings attributable to Twin Disc	10,673	9,528
Operating Segments [Member]
Net Sales	386,909	301,071
Net earnings attributable to Twin Disc	25,310	23,866
Intersegment Eliminations [Member]
Net Sales	(84,246)	(60,338)
Corporate, Non-Segment [Member]
Net earnings attributable to Twin Disc	$ (14,637)	$ (14,338)

Note L - Business Segments an_7

Note L - Business Segments and Foreign Operations - Reconciliation of Reportable Segments Other Significant Reconciling Items to Consolidated Totals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Interest income	$ 43	$ 55
Interest expense	1,927	282
Income taxes	3,711	4,773
Depreciation and amortization	9,335	6,464
Assets	346,870	241,240
Expenditures for segment assets	11,979	6,328
Operating Segments [Member]
Interest income	1,180	34
Interest expense	3,049	275
Income taxes	8,292	16,370
Depreciation and amortization	13,295	6,084
Assets	430,688	318,647
Expenditures for segment assets	11,388	5,730
Segment Reconciling Items [Member]
Interest income	(1,137)	21
Interest expense	(1,122)	7
Income taxes	(4,581)	(11,597)
Depreciation and amortization	317	380
Assets	(83,818)	(77,407)
Expenditures for segment assets	$ 591	$ 598

Note L - Business Segments an_8

Note L - Business Segments and Foreign Operations - Geographic Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Sales	$ 302,663	$ 240,733
Long-lived assets	75,016	59,317
Reportable Geographical Components [Member] | UNITED STATES
Net Sales	132,467	141,705
Long-lived assets	41,233	37,765
Reportable Geographical Components [Member] | NETHERLANDS
Net Sales	31,521	4,755
Long-lived assets	13,186
Reportable Geographical Components [Member] | CHINA
Net Sales	28,772	11,664
Reportable Geographical Components [Member] | BELGIUM
Long-lived assets	8,595	7,576
Reportable Geographical Components [Member] | ITALY
Net Sales	12,755	12,551
Long-lived assets	1,894	2,230
Reportable Geographical Components [Member] | SWITZERLAND
Long-lived assets	6,810	6,841
Reportable Geographical Components [Member] | AUSTRALIA
Net Sales	12,463	12,479
Reportable Geographical Components [Member] | CANADA
Net Sales	10,464	13,397
Reportable Geographical Components [Member] | Other Countries [Member]
Net Sales	74,221	44,182
Long-lived assets	$ 3,298	$ 4,905

Note M - Stock-based Compensa_3

Note M - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended		21 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Mar. 29, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	3,784	32,734
Performance Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	75,006	69,180
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	50,004		54,854
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, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	96,124	145,718
Share-based Payment Arrangement, Expense	$ 1,196	$ 574
Share-based Payment Arrangement, Expense, Tax Benefit	$ 278	172
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 20.38
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,073
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1,228	$ 272
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	43,305	85,327
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	172,637	237,657
Share-based Payment Arrangement, Expense	$ 1,096	$ 1,488
Share-based Payment Arrangement, Expense, Tax Benefit	255	446
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	757
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 2,391	$ 1,809
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	3,784	32,734
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	3 years
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 Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	37,950
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	37,950
Share-based Payment Arrangement, Expense	$ 299
Share-based Payment Arrangement, Expense, Tax Benefit	$ 69
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 25.77
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 679
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	3 years
Non-qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	3,600	7,200
Stock Options [Member]
Share-based Payment Arrangement, Expense	$ 0	$ 0
Percentage of Options Vested on Adoption of Statement	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 47	$ 38
The 2018 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	850,000
Stock Incentive Plan for Non-employee Directors 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	250,000
Long-term Incentive Compensation Plan 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	650,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Long-term Incentive Compensation Plan 2010 [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Percentage of Combined Voting Power of Stock Owned by Optionee	10.00%
Percentage of Grant Date Fair Market Value Specified as Price of Incentive Stock Options Based on Condition, Minimum	110.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	0	0
Stock Incentive Plan for Non-employee Directors 2004 [Member] | Non-qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	3,600
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total	0	0

Note M - Stock-based Compensa_4

Note M - Stock-based Compensation - Shares Available for Future Options (Details) - Stock Options [Member] - shares	Jun. 30, 2019	Jun. 30, 2018
The 2018 Long-Term Incentive Plan [Member]
Shares Available for Grant (in shares)	742,325
Stock Incentive Plan for Non-employee Directors 2010 [Member]
Shares Available for Grant (in shares)	61,354	80,938

Note M - Stock-based Compensa_5

Note M - Stock-based Compensation - Stock Option Transactions (Details) - Non-qualified Stock Options [Member]	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Options outstanding (in shares)	7,200
Options outstanding, weighted average price (in dollars per share) | $ / shares	$ 12.31
Options Granted (in shares)
Granted, weighted average price (in shares)
Options Canceled/expired (in shares)
Canceled/expired, weighted average price (in dollars per share) | $ / shares
Options Exercised (in shares)	(3,600)
Exercised, weighted average price (in dollars per share) | $ / shares	$ 10.01
Options outstanding (in shares)	3,600
Options outstanding, weighted average price (in dollars per share) | $ / shares	$ 14.61
Options outstanding, weighted average remaining contractual life (Year)	1 year
Options outstanding, aggregate intrinsic value | $	$ 1,800

Note N - Engineering and Deve_2

Note N - Engineering and Development Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Research and Development Expense, Total	$ 2,385	$ 1,610
Engineering and Development Costs	$ 12,594	$ 9,932

Note O - Pension and Other Po_3

Note O - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan, Cost of Premium for Health Coverage Plan, Percentage	100.00%
Defined Benefit Plan, Accumulated Benefit Obligation	$ 107,322	$ 105,012
Defined Benefit Plan, Weighted Average Healthcare Cost, Trend Rate	6.50%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	5.00%
Defined Benefit Plan, Percentage of Increase in Assumed HealthCare Cost Trend Rate	1.00%
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation	$ 97
Defined Benefit Plan, Effect of One Percentage Point Increase on Service and Interest Cost Components	$ 4
Defined Benefit Plan, Percentage of Decrease in Assumed Healthcare Cost Trend Rate	1.00%
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation	$ 85
Defined Benefit Plan, Effect of One Percentage Point Decrease on Service and Interest Cost Components	$ 4
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100.00%	100.00%
Defined Benefit Plan, Expected Long-term Return on Plan Assets	6.25%
Defined Contribution Plan, Cost	$ 2,276	$ 1,935
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 1,936
Common Stock Held by U.S Pension Plans [Member]
Defined Benefit Plan, Plan Assets, Employer, Related Party, Number of Shares	98,211	98,211
Defined Benefit Plan, Plan Assets, Employer, Related Party, Amount	$ 1,483	$ 2,438
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	1.70%	2.70%

Note O - Pension and Other Po_4

Note O - Pension and Other Postretirement Benefit Plans - Net Funded Status of Pension and Postretirement Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net amount recognized	$ 41,901	$ 30,877
Pension Plan [Member]
Benefit obligation, beginning of year	105,012	118,170
Service cost	795	861
Interest cost	4,020	3,979
Actuarial loss (gain)	6,718	(8,690)
Contributions by plan participants	103	105
Benefits paid	(9,326)	(9,413)
Benefit obligation, end of year	107,322	105,012
Fair value of assets, Balance	90,258	94,372
Actual return on plan assets	4,125	2,894
Employer contribution	2,131	2,300
Contributions by plan participants	103	105
Benefits paid	(9,326)	(9,413)
Fair value of assets, Balance	87,291	90,258
Funded status	(20,031)	(14,754)
Other assets - noncurrent	3	157
Accrued liabilities - current	(645)	(679)
Accrued retirement benefits - noncurrent	(19,389)	(14,232)
Net amount recognized	(20,031)	(14,754)
Net transition obligation	178	204
Prior service cost	144	360
Actuarial net loss	42,185	31,146
Net amount recognized	42,507	31,710
Other Postretirement Benefits Plan [Member]
Benefit obligation, beginning of year	8,077	11,574
Service cost	19	20
Interest cost	305	325
Actuarial loss (gain)	18	(2,608)
Contributions by plan participants	389	440
Benefits paid	(1,357)	(1,674)
Benefit obligation, end of year	7,451	8,077
Fair value of assets, Balance
Actual return on plan assets
Employer contribution	968	1,234
Contributions by plan participants	389	440
Benefits paid	(1,357)	(1,674)
Fair value of assets, Balance
Funded status	(7,451)	(8,077)
Other assets - noncurrent
Accrued liabilities - current	(962)	(1,241)
Accrued retirement benefits - noncurrent	(6,489)	(6,836)
Net amount recognized	(7,451)	(8,077)
Net transition obligation
Prior service cost	(908)
Actuarial net loss	302	(833)
Net amount recognized	$ (606)	$ (833)

Note O - Pension and Other Po_5

Note O - Pension and Other Postretirement Benefit Plans - Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized Over Next Fiscal Year (Details) $ in Thousands	Jun. 30, 2019USD ($)
Pension Plan [Member]
Net transition obligation	$ 34
Prior service cost	45
Actuarial net loss	3,134
Net amount to be recognized	3,213
Other Postretirement Benefits Plan [Member]
Net transition obligation
Prior service cost	(275)
Actuarial net loss
Net amount to be recognized	$ (275)

Note O - Pension and Other Po_6

Note O - Pension and Other Postretirement Benefit Plans - Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Projected and accumulated benefit obligation	$ 102,879	$ 100,699
Fair value of plan assets	$ 82,845	$ 85,788

Note O - Pension and Other Po_7

Note O - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Pension Plan [Member]
Service cost	$ 792	$ 868
Interest cost	4,019	3,981
Expected return on plan assets	(5,238)	(6,041)
Amortization of transition obligation	34	36
Amortization of prior service cost	64	67
Amortization of actuarial net loss	2,710	3,021
Net periodic benefit cost	2,381	1,932
Other Postretirement Benefits Plan [Member]
Service cost	18	20
Interest cost	304	325
Amortization of prior service cost	(274)	(206)
Amortization of actuarial net loss		32
Net periodic benefit cost	$ 48	$ 171

Note O - Pension and Other Po_8

Note O - Pension and Other Postretirement Benefit Plans - Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Pension Plan [Member]
Net loss	$ 8,098	$ (5,643)
Prior service cost	(211)
Amortization of transition asset	(34)	(34)
Amortization of prior service (cost) benefit	(64)	(67)
Amortization of net (loss) gain	(2,711)	(2,952)
Total recognized in other comprehensive income	5,078	(8,696)
Net periodic benefit cost	2,381	1,932
Total recognized in net periodic benefit cost and other comprehensive income	7,459	(6,764)
Amortization of transition asset	(34)	(34)
Amortization of net (loss) gain	(2,711)	(2,952)
Net periodic benefit cost	2,381	1,932
Other Postretirement Benefits Plan [Member]
Net loss	18	(940)
Prior service cost		(1,668)
Amortization of transition asset
Amortization of prior service (cost) benefit	275	206
Amortization of net (loss) gain		(32)
Total recognized in other comprehensive income	293	(2,434)
Net periodic benefit cost	48	171
Total recognized in net periodic benefit cost and other comprehensive income	341	(2,263)
Amortization of transition asset
Amortization of net (loss) gain		(32)
Net periodic benefit cost	$ 48	$ 171

Note O - Pension and Other Po_9

Note O - Pension and Other Postretirement Benefit Plans - Schedule of Assumptions (Details)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Pension Plan [Member]
Discount rate	3.22%	4.01%
Expected return on plan assets	6.04%	6.74%
Discount rate	4.01%	3.51%
Expected return on plan assets	6.74%	6.68%
Other Postretirement Benefits Plan [Member]
Discount rate	3.15%	4.09%
Expected return on plan assets
Discount rate	4.09%	3.41%
Expected return on plan assets

Note O - Pension and Other P_10

Note O - Pension and Other Postretirement Benefit Plans - Pension Plan Weighted-Average Asset Allocations (Details)	Jun. 30, 2019	Jun. 30, 2018
Target Allocation	100.00%
Actual Allocation	100.00%	100.00%
Equity Securities [Member]
Target Allocation	51.00%
Actual Allocation	49.00%	51.00%
Debt Securities [Member]
Target Allocation	40.00%
Actual Allocation	42.00%	39.00%
Real Estate [Member]
Target Allocation	9.00%
Actual Allocation	9.00%	10.00%

Note O - Pension and Other P_11

Note O - Pension and Other Postretirement Benefit Plans - Plan Assets Using Fair Value Hierarchy (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Fair Value, Inputs, Level 3 [Member]
Plan Assets		$ 6,171	$ 6,113	$ 7,779
Pension Plan [Member]
Plan Assets		87,291	90,258	$ 94,372
Pension Plan [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Plan Assets		33,301	35,634
Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets		27,130	29,521
Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets
Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets		6,171	6,113
Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets	[1]	53,990	54,624
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Plan Assets		971	1,156
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets		971	1,156
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Plan Assets	[2]	1,483	2,438
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[2]	1,483	2,438
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[2]
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[2]
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Plan Assets	[2]	16,713	17,373
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[2]	16,713	17,373
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[2]
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[2]
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Plan Assets	[3]	7,963	8,554
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[3]	7,963	8,554
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[3]
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[3]
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Plan Assets	[4]	6,171	6,113
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[4]
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[4]
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[4]	6,171	6,113
Investments Measured at Net Asset Value, Fixed Income Funds [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		33,568	31,852
Investments Measured at Net Asset Value, Equity Securities [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		3,168	3,294
Investments Measured at Net Asset Value, Real Estate [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		7,069	8,218
Investments Measured at Net Asset Value, Hedge Funds [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		$ 10,185	$ 11,260
[1]	In accordance with ASC 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the fair value of plan assets at the end of the year.
[2]	Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S.
[3]	Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company's funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value ("NAV") and to transact at that price. The mutual funds held by the Company's funded benefit plans are deemed to be actively traded.
[4]	Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at the net present value of future cash flows.

Note O - Pension and Other P_12

Note O - Pension and Other Postretirement Benefit Plans - Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Fair value of assets, Balance	$ 6,113	$ 7,779
Relating to assets still held at reporting date	216	(58)
Purchases, sales and settlements, net	(158)	(1,608)
Fair value of assets, Balance	$ 6,171	$ 6,113

Note O - Pension and Other P_13

Note O - Pension and Other Postretirement Benefit Plans - Defined Benefit Plan Estimated Future Benefit Payments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Pension Plan [Member]
2020 - Pension Benefits	$ 9,411
2021 - Pension Benefits	8,336
2022 - Pension Benefits	8,138
2023 - Pension Benefits	7,737
2024 - Pension Benefits	7,395
Years 2025 - 2029 - Pension Benefits	32,656
Other Postretirement Benefits Plan [Member]
2020 - Other Postretirement Benefits, Gross Benefits	977
2021 - Other Postretirement Benefits, Gross Benefits	905
2022 - Other Postretirement Benefits, Gross Benefits	825
2023 - Other Postretirement Benefits, Gross Benefits	753
2024 - Other Postretirement Benefits, Gross Benefits	681
Years 2025 - 2029 - Other Postretirement Benefits, Gross Benefits	$ 2,549

Note P - Income Taxes (Details

Note P - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, Percent, Total		27.56%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 3,786
Transitional Income Tax , Amount	$ 0
Undistributed Earnings of Foreign Subsidiaries	6,208
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	938
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 148	$ 93
Foreign Tax Authority [Member]
Open Tax Year	2015 2016 2017 2018 2019
Domestic Tax Authority [Member]
Open Tax Year	2015 2016 2017 2018 2019
State and Local Jurisdiction [Member] | Wisconsin Department of Revenue [Member]
Open Tax Year	2010 2011 2012 2013

Note P - Income Taxes - Domesti

Note P - Income Taxes - Domestic and Foreign Earnings Before Income Taxes and Minority Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
United States	$ 7,059	$ 8,679
Foreign	7,448	5,741
(Loss) earnings before income taxes and noncontrolling interest	$ 14,507	$ 14,420

Note P - Income Taxes - Provisi

Note P - Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Currently payable:
Federal	$ 248	$ 234
State	261	135
Foreign	(3,644)	1,400
Current	(3,135)	1,769
Deferred:
Federal	920	5,529
State	(7)	167
Foreign	5,933	(2,692)
Deferred	6,846	3,004
Income tax (benefit) expense	$ 3,711	$ 4,773

Note P - Income Taxes - Compone

Note P - Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Retirement plans and employee benefits	$ 7,732	$ 6,910
Foreign tax credit carryforwards	6,296	6,866
Federal tax credits	1,057	774
State net operating loss and other state credit carryforwards	1,269	1,190
Inventory	757	1,259
Reserves	765	1,099
Foreign NOL carryforwards	775	2,940
Accruals	339	324
Right of use assets - leases	3,691
Other assets	656	403
Gross deferred tax assets	23,337	21,765
Property, plant and equipment	3,432	3,473
Intangibles	5,345	1,209
Long term lease obligations	3,617
Other liabilities	194	230
Gross deferred tax liabilities	12,588	4,912
Valuation allowance
Total net deferred tax assets	$ 10,749	$ 16,853

Note P - Income Taxes - Reconci

Note P - Income Taxes - Reconciliation of U.S. Federal Income Taxes to Actual Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
U.S. federal income tax at 21% (27.56% in 2018)	$ 3,046	$ 3,974
Increases (reductions) in tax resulting from:
Foreign tax items	281	675
State taxes	209	272
Valuation allowance		(3,803)
Change in prior year estimate	(50)	(89)
Research and development tax credits	(306)	(162)
Section 199 deduction		(114)
Unrecognized tax benefits	158	(42)
Stock compensation	(153)	(114)
Rate changes	15	3,786
Deferred tax basis adjustments	(111)	431
Executive compensation	291
GILTI inclusion	284
FDII deduction	(74)
Other, net	121	(41)
Income tax (benefit) expense	$ 3,711	$ 4,773

Note P - Income Taxes - Recon_2

Note P - Income Taxes - Reconciliation of U.S. Federal Income Taxes to Actual Income Taxes (Details) (Parentheticals)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Federal Income Tax	21.00%	27.56%

Note P - Income Taxes - Recon_3

Note P - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Unrecognized tax benefits, beginning of year	$ 816	$ 827
Additions based on tax positions related to the prior year	31
Additions based on tax positions related to the current year	91	303
Reductions based on tax positions related to the prior year		(9)
Subtractions due to statutes closing		(105)
Settlements with taxing authorities		(200)
Unrecognized tax benefits, end of year	$ 938	$ 816

Note R - Restructuring of Ope_3

Note R - Restructuring of Operations and Other Operating Income (Details Textual) $ in Thousands	May 13, 2019USD ($)shares	Mar. 04, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jul. 02, 2018USD ($)
Restructuring Charges, Total			$ 1,179	$ 3,398	$ 10,452
Restructuring and Related Cost, Number of Positions Eliminated					176
Veth Propulsion [Member]
Business Combination, Contingent Consideration, Liability, Total						$ 2,921
Stock Issued During Period, Shares, Acquisitions | shares	139,347
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,991
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 809
Mill Log Business [Member] | Discontinued Operations, Disposed of by Sale [Member]
Disposal Group, Including Discontinued Operation, Operating Income (Loss)			(1,374)	$ 1,139
Disposal Group, Including Discontinued Operation, Inventory		$ 6,298
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current		592
Disposal Group, Including Discontinued Operation, Consideration		7,658
Proceeds from Sales of Business, Affiliate and Productive Assets		5,158
Disposal Group, Including Discontinued Operation, Consideration, Receivable		$ 2,500
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax, Total			$ 768

Note R - Restructuring of Ope_4

Note R - Restructuring of Operations and Other Operating Income - Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	12 Months Ended		49 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019
Accrued restructuring liability	$ 90	$ 92
Additions	1,179	3,398	$ 10,452
Payments and adjustments	(1,269)	(3,400)
Accrued restructuring liability		$ 90

Note S - Earnings Per Share (De

Note S - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	80,164	61,286
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	172,637	237,657
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	13,123
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,483	3,568

Note S - Earnings Per Share - C

Note S - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Basic:
Net income	$ 10,796	$ 9,647
Less: Net earnings attributable to noncontrolling interest	(123)	(119)
Less: Undistributed earnings attributable to unvested shares	(148)	(222)
Net income available to Twin Disc shareholders	$ 10,525	$ 9,306
Weighted average shares outstanding - basic (in shares)	12,571	11,295
Basic Income Per Share:
Net income per share - basic (in dollars per share)	$ 0.84	$ 0.82
Diluted:
Net income	$ 10,796	$ 9,647
Less: Net earnings attributable to noncontrolling interest	(123)	(119)
Less: Undistributed earnings attributable to unvested shares	(148)	(222)
Net income available to Twin Disc shareholders	$ 10,525	$ 9,306
Weighted average shares outstanding - basic (in shares)	12,571	11,295
Effect of dilutive stock awards (in shares)	111	100
Weighted average shares outstanding - diluted (in shares)	12,682	11,395
Diluted Income Per Share:
Net income per share - diluted (in dollars per share)	$ 0.83	$ 0.82

Note T - Derivative Financial_3

Note T - Derivative Financial Intruments (Details Textual) xbrli-pure in Thousands	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total	$ (509,000)	$ 0
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ (122,000)
Foreign Exchange Forward [Member]
Derivative, Number of Instruments Held, Total	0	0

Note T- Derivative Financial In

Note T- Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Accrued Liabilities [Member]
Derivative Liabilities, Current	$ 122
Other Noncurrent Liabilities [Member]
Derivative Liabilities, Noncurrent	$ 544

Note T - Derivative Financial_4

Note T - Derivative Financial Instruments - Impact of the Company’s Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Unrealized loss on cash flow hedge, net of income taxes of $156 and $0	$ (509,000)	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Unrealized loss on cash flow hedge, net of income taxes of $156 and $0	(509,000)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense [Member]
Derivative liabilities	1,000
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Other Nonoperating Income (Expense) [Member]
Derivative liabilities	$ 4,000	$ (65,000)

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period		$ 1,478	$ 1,519
Charged to Costs and Expenses		236	280
Deductions	[1]	132	321
Balance at End of Period		1,582	1,478
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period			3,803
Charged to Costs and Expenses
Deductions	[1]		3,803
Balance at End of Period
[1]	Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments).