Twin Disc (TWIN) 10-Q 5 Nov 19 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 27, 2019	Oct. 31, 2019
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 Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		13,359,133
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 27, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock (No Par Value)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
Current assets:
Cash	$ 16,505	$ 12,362
Trade accounts receivable, net	36,893	44,013
Inventories	127,305	125,893
Prepaid expenses	9,821	11,681
Other	8,001	8,420
Total current assets	198,525	202,369
Property, plant and equipment, net	71,249	71,258
Goodwill, net	25,072	25,954
Intangible assets, net	23,267	25,353
Deferred income taxes	19,508	18,178
Other assets	3,840	3,758
Total assets	341,461	346,870
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Accounts payable	25,278	31,468
Accrued liabilities	44,954	39,609
Total current liabilities	72,232	73,077
Long-term debt	47,554	40,491
Lease obligations	14,054	14,683
Accrued retirement benefits	25,141	25,878
Deferred income taxes	6,894	7,429
Other long-term liabilities	2,223	2,494
Total liabilities	168,098	164,052
Commitments and contingencies (Note D)
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	43,182	45,047
Retained earnings	190,161	196,472
Accumulated other comprehensive loss	(40,571)	(37,971)
Equity before treasury stock	192,772	203,548
Less treasury stock, at cost (1,300,317 and 1,392,524 shares, respectively)	19,920	21,332
Total Twin Disc shareholders' equity	172,852	182,216
Noncontrolling interest	511	602
Total equity	173,363	182,818
Total liabilities and equity	$ 341,461	$ 346,870

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Sep. 27, 2019	Jun. 30, 2019
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, shares issued (in shares)	14,632,802	14,632,802
Common shares, no par value (in dollars per share)	$ 0	$ 0
Treasury Stock, Shares (in shares)	1,300,317	1,392,524

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Net Sales	$ 59,290	$ 74,689
Cost of goods sold	49,654	50,704
Gross profit	9,636	23,985
Marketing, engineering and administrative expenses	16,346	18,986
Restructuring expenses	121	173
(Loss) income from operations	(6,831)	4,826
Interest expense	389	717
Other expense (income), net	691	319
Non-operating income (expense)	1,080	1,036
(Loss) income before income taxes and noncontrolling interest	(7,911)	3,790
Income tax (benefit) expense	(1,618)	887
Net (loss) income	(6,293)	2,903
Less: Net earnings attributable to noncontrolling interest, net of tax	(18)	(41)
Net (loss) income attributable to Twin Disc	$ (6,311)	$ 2,862
(Loss) income per share data:
Basic (loss) income per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.48)	$ 0.24
Diluted (loss) income per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.48)	$ 0.24
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,111	11,722
Diluted shares outstanding (in shares)	13,111	11,799
Comprehensive (loss) income
Net (loss) income	$ (6,293)	$ 2,903
Benefit plan adjustments, net of income taxes of $169 and $146, respectively	557	471
Foreign currency translation adjustment	(2,996)	(561)
Unrealized loss on cash flow hedge, net of income taxes of $44 and $0, respectively	(143)
Comprehensive (loss) income	(8,875)	2,813
Less: Comprehensive income attributable to noncontrolling interest	(36)	(16)
Comprehensive (loss) income attributable to Twin Disc	$ (8,911)	$ 2,797

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Benefit plan adjustments, income taxes	$ 169	$ 146
Unrealized loss on cash flow hedge, income taxes	$ 44	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Cash flows from operating activities:
Net (loss) income	$ (6,293)	$ 2,903
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquired assets:
Depreciation and amortization	2,926	2,349
Provision for deferred income taxes	(1,663)	3,460
Stock compensation expense and other non-cash changes, net	457	892
Net change in operating assets and liabilities	6,054	(9,953)
Amortization of inventory fair value step-up		1,171
Net cash provided by operating activities	1,481	822
Cash flows from investing activities:
Acquisitions of fixed assets	(4,037)	(3,556)
Proceeds from sale of fixed assets	29	30
Other, net	(129)	(129)
Acquisition of Veth Propulsion, less cash acquired		(59,649)
Net cash used by investing activities	(4,137)	(63,304)
Cash flows from financing activities:
Borrowings under revolving loan arrangement	33,095	67,103
Repayments of revolver loans	(25,397)	(45,231)
Dividends paid to noncontrolling interest	(127)	(115)
Payments of withholding taxes on stock compensation	(913)	(926)
Proceeds from issuance of common stock, net		32,210
Proceeds from exercise of stock options		12
Borrowings under term debt arrangement		35,000
Repayments of term debt loan		(24,234)
Net cash provided by financing activities	6,658	63,819
Effect of exchange rate changes on cash	141	49
Net change in cash	4,143	1,386
Cash:
Beginning of period	12,362	15,171
End of period	$ 16,505	$ 16,557

Note A - Basis of Presentation

Note A - Basis of Presentation	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. Basis of Presentation The unaudited condensed consolidated financial statements have been prepared by Twin Disc, Incorporated (the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of the Company, include adjustments, consisting primarily of normal recurring items, necessary for a fair statement of results for each period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not 10 June 30, 2019. not The consolidated financial statements and information presented herein include the financial results of Veth Propulsion Holding BV (“Veth Propulsion”), the acquisition of which was completed on July 2, 2018. 10 Recently Adopted Accounting Standards In June 2018, 2018 07 July 1, 2019. not New Accounting Releases In August 2018, 2018 13 820, December 15, 2019 ( 2021 In August 2018, 2018 14 December 15, 2020 ( 2021 Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories

Note B - Inventories	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	B . Inventor ies The major classes of inventories were as follows: September 27, 2019 June 30, 2019 Inventories: Finished parts $ 61,703 $ 57,682 Work in process 22,579 23,812 Raw materials 43,023 44,399 $ 127,305 $ 125,893

Note C - Warranty

Note C - Warranty	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	C . Warranty The Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its suppliers. However, its warranty obligation is affected by product failure rates, the number of units affected by the failure and the expense involved in satisfactorily addressing the situation. The warranty reserve is established based on our best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. When evaluating the adequacy of the reserve for warranty costs, management takes into consideration the term of the warranty coverage, historical claim rates and costs of repair, knowledge of the type and volume of new products and economic trends. While we believe the warranty reserve is adequate and that the judgment applied is appropriate, such amounts estimated to be due and payable in the future could differ materially from what actually transpires. The following is a listing of the activity in the warranty reserve for the quarters ended September 27, 2019 September 28, 2018: For the Quarter Ended September 27, 2019 September 28, 2018 Reserve balance, beginning of period $ 3,736 $ 4,407 Current period expense and adjustments 5,448 1,286 Payments or credits to customers (2,031 ) (1,020 ) Translation (46 ) (6 ) Reserve balance, end of period $ 7,107 $ 4,667 Included in the current fiscal quarter expense is a non-recurring warranty charge in the amount of $3,889, The current portion of the warranty accrual ( $6,253 $4,139 September 27, 2019 September 28, 2018, $854 $528 September 27, 2019 September 28, 2018,

Note D - Contingencies

Note D - Contingencies	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	D . Contingencies The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, is not not

Note E - Business Segments

Note E - Business Segments	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	E . Business Segments The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. Principal products include marine transmissions, 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, 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. The Company has two Information about the Company’s segments is summarized as follows: For the Quarter Ended September 27, 2019 September 27, 2018 Net sales Manufacturing segment sales $ 54,561 $ 68,912 Distribution segment sales 22,428 22,920 Inter/Intra segment elimination – manufacturing (13,830 ) (14,749 ) Inter/Intra segment elimination – distribution (3,869 ) (2,394 ) $ 59,290 $ 74,689 Net (loss) income attributable to Twin Disc Manufacturing segment net (loss) income $ (4,855 ) $ 7,235 Distribution segment net income 1,092 865 Corporate and eliminations (2,548 ) (5,238 ) $ (6,311 ) $ 2,862 Assets September 27, 2019 June 30, 2019 Manufacturing segment assets $ 381,994 $ 384,612 Distribution segment assets 46,729 46,076 Corporate assets and elimination of intercompany assets (87,262 ) (83,818 ) $ 341,461 $ 346,870 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters ended September 27, 2019 September 28, 2018. Net sales by product group for the quarter ended September 27, 2019 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 6,808 $ 1,468 $ (812 ) $ 7,464 Land-based transmissions 17,414 5,480 (7,376 ) 15,518 Marine and propulsion systems 30,320 14,211 (9,510 ) 35,021 Other 19 1,269 (1 ) 1,287 Total $ 54,561 $ 22,428 $ (17,699 ) $ 59,290 Net sales by product group for the quarter ended September 28, 2018 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 6,481 $ 1,396 $ (832 ) $ 7,045 Land-based transmissions 29,432 5,611 (5,407 ) 29,636 Marine and propulsion systems 32,976 14,156 (10,857 ) 36,275 Other 23 1,757 (47 ) 1,733 Total $ 68,912 $ 22,920 $ (17,143 ) $ 74,689

Note F - Stock-based Compensati

Note F - Stock-based Compensation	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	F . Stock-Based Compensation Performance Stock Awards (“PSA”) During the first 2020 2019, 71.7 37.0 2020 three June 30, 2022. 107.6. The fiscal 2019 three June 30, 2021. 75.0. There were 167.8 182.7 September 27, 2019 September 28, 2018, $72 $546 September 27, 2019 September 28, 2018, September 27, 2019 $16.70. September 27, 2019, $1,844 2020, 2019 2018 September 27, 2019 September 28, 2018 $ 0 Restricted Stock Awards (“RS”) The Company has unvested RS awards outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation expense over the vesting period, which is generally 1 3 first 2020 2019, 86.4 4.0 178.8 170.4 September 27, 2019 September 28, 2018, no September 27, 2019. 2.8 September 28, 2018. $306 $250 September 27, 2019 September 28, 2018, September 27, 2019 September 28, 2018 $1,017 $1,785, September 27, 2019, $1,474 three Restricted Stock Unit Awards (“RS U ”) Under the 2018 three first 2019, 38.0 38.0 September 27, 2019 September 28, 2018. $81 $54 September 27, 2019 September 28, 2018, September 27, 2019 $25.77. September 27, 2019, $598 three

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	G . Pension and Other Postretirement Benefit Plans The Company has non-contributory, qualified defined benefit plans covering substantially all domestic employees hired prior to October 1, 2003 For the Quarter Ended September 27, 2019 September 28, 2018 Pension Benefits: Service cost $ 212 $ 246 Interest cost 906 1,092 Expected return on plan assets (1,248 ) (1,331 ) Amortization of transition obligation 9 9 Amortization of prior service cost (4 ) 1 Amortization of actuarial net loss 784 678 Net periodic benefit cost $ 659 $ 695 Postretirement Benefits: Service cost $ 4 $ 5 Interest cost 55 76 Amortization of prior service cost (69 ) - Amortization of actuarial net loss - (69 ) Net periodic benefit (gain) cost $ (10 ) $ 12 The Company expects to contribute approximately $1,936 2020. September 27, 2019, $429 The Company has reclassified $557 $169 September 27, 2019, $471 $146 September 28, 2018.

Note H - Income Taxes

Note H - Income Taxes	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H . Income Taxes Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with the estimated Annual Effective Tax Rate (“AETR”). Under this effective tax rate methodology, the Company applies an estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter. To calculate its AETR, an entity must estimate its ordinary income or loss and the related tax expense or benefit for its full fiscal year. Generally, an entity can reliably estimate ordinary income (or loss); however, there may 740 270 25 3 may not may first 2020, September 27, 2019 For the quarter ended September 27, 2019 September 28, 2018 20.5% 23.4%, September 27, 2019, September 28, 2018, not The Company maintains valuation allowances when it is more likely than not not not not The Company has not The Company has approximately $1,116 September 27, 2019, no September 27, 2019. twelve 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 in foreign jurisdictions are 2013 2019. 2019. 2015. 2011 2015. 2020.

Note I - Goodwill and Other Int

Note I - Goodwill and Other Intangibles	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I . Goodwill and Other Intangibles Goodwill represents the amount of the consideration transferred in excess of the net of the acquisition-date fair values of the identifiable assets acquired and the liabilities assumed. The Company reviews goodwill for impairment on a reporting unit basis annually as of the first fourth may 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 During the first 2020, no September 27, 2019, $22,531 $2,541 As of September 27, 2019, Net Book Value Rollforward By Reporting Unit Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value European Propulsion European Industrial Balance at June 30, 2019 $ 39,776 $ (13,822 ) $ 25,954 $ 23,371 $ 2,583 Translation adjustment (882 ) - (882 ) (840 ) (42 ) Balance at September 27, 2019 $ 38,894 $ (13,822 ) $ 25,072 $ 22,531 $ 2,541 As of September 27, 2019, 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, 2019 $ 39,587 $ (14,434 ) $ 25,153 $ 14,843 $ 7,025 $ 2,733 $ 552 Additions 7 - 7 - - - 7 Amortization - (1,129 ) (1,129 ) (746 ) (284 ) (63 ) (36 ) Translation adjustment (967 ) - (967 ) (616 ) (264 ) (78 ) (9 ) Balance at September 27, 2019 $ 38,627 $ (15,563 ) $ 23,064 $ 13,481 $ 6,477 $ 2,592 $ 514 Other intangibles consist of certain proprietary technology, computer software, patents and licensing agreements. Amortization is recorded on the basis of straight-line or accelerated, as appropriate, over the estimated useful lives of the assets. The weighted average remaining useful life of the intangible assets included in the table above is approximately 9 Intangible amortization expense was $1,129 $665 September 27, 2019, September 28, 2018, 2020 five Fiscal Year 2020 $ 3,368 2021 3,232 2022 3,051 2023 2,894 2024 2,678 2025 2,510 The gross carrying amount of the Company’s intangible assets that have indefinite lives and are not September 27, 2019 June 30, 2019 $202 $200,

Note J - Long-term Debt

Note J - Long-term Debt	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt The Company’s long-term debt represents borrowings made under the credit agreement, as amended, which it entered into with BMO Harris Bank N.A, on June 29, 2018. $500 March 4, 2026 $50,000. 10 June 30, 2019, 2 Long-term debt at September 27, 2019 June 30, 2019 September 27, 2019 June 30, 2019 Borrowings under the Credit Agreement Revolving loans $ 29,759 $ 22,666 Term loan (due March 2026) 19,500 19,500 Other 295 325 Subtotal 49,554 42,491 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 47,554 $ 40,491 During the quarter ended September 27, 2019, 3.62% 2.36% Other long-term debt pertains mainly to a financing arrangement in Europe. These liabilities carry terms of three five 7% 25%. $17 As of September 27, 2019, $44,535, $14,776 The Company’s borrowings described above approximate fair value at September 27, 2019 June 30, 2019. 2 On April 22, 2019, $20,000 March 4, 2026 815,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	K. Shareholders’ Equity The Company, from time to time, makes open market purchases of its common stock under authorizations given to it by the Board of Directors, of which 315.0 September 27, 2019 not September 27, 2019 September 28, 2018. The following is a reconciliation of the Company’s equity balances for the first 2020 2019: Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2019 $ 45,047 $ 196,472 $ (37,971 ) $ (21,332 ) $ 602 $ 182,818 Net (loss) income (6,311 ) 18 (6,293 ) Translation adjustments (3,014 ) 18 (2,996 ) Benefit plan adjustments, net of tax 557 557 Unrealized loss on cash flow hedge, net of tax (143 ) (143 ) Cash dividends (127 ) (127 ) Compensation expense 459 459 Shares (acquired) issued, net (2,324 ) 1,412 (912 ) Balance, September 27, 2019 $ 43,182 $ 190,161 $ (40,571 ) $ (19,920 ) $ 511 $ 173,363 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2018 $ 11,570 $ 178,896 $ (23,792 ) $ (23,677 ) $ 619 $ 143,616 Net income 2,862 41 2,903 Translation adjustments (536 ) (25 ) (561 ) Benefit plan adjustments, net of tax 471 471 Release stranded tax effects 6,903 (6,903 ) - Cash dividends (115 ) (115 ) Compensation expense 850 850 Common stock issued, net 32,210 32,210 Shares acquired, net (586 ) (328 ) (914 ) Balance, September 28, 2018 $ 44,044 $ 188,661 $ (30,760 ) $ (24,005 ) $ 520 $ 178,460 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the quarters ended September 27, 2019, September 28, 2018 Translation Benefit Plan Cash Flow Adjustment Adjustment Hedges Balance at June 30, 2019 $ 4,439 $ (41,901 ) $ (509 ) Translation adjustment during the quarter (3,014 ) - - Other comprehensive loss before reclassifications - - (143 ) Amounts reclassified from accumulated other comprehensive income - 557 - Net current period other comprehensive (loss) income (3,014 ) 557 (143 ) Balance at September 27, 2019 $ 1,425 $ (41,344 ) $ (652 ) Translation Benefit Plan Adjustment Adjustment Balance at June 30, 2018 $ 7,085 $ (30,877 ) Translation adjustment during the quarter (536 ) - Release stranded tax effects - (6,903 ) Amounts reclassified from accumulated other comprehensive income - 471 Net current period other comprehensive loss (536 ) (6,432 ) Balance at September 28, 2018 $ 6,549 $ (37,309 ) Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended September 27, 2019 Amount Reclassified Quarter Ended September 27, 2019 Changes in benefit plan items Actuarial losses $ 790 (a) Transition asset and prior service benefit (64 ) (a) Total amortization 726 Income taxes 169 Total reclassification net of tax $ 557 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended September 28, 2018 Amount Reclassified Quarter Ended September 28, 2018 Changes in benefit plan items Actuarial losses $ 607 (a) Transition asset and prior service benefit 10 (a) Total amortization 617 Income taxes 146 Total reclassification net of tax $ 471 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Opera

Note L - Restructuring of Operations	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	L. Restructuring of Operations 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 last two $121 $173 September 27, 2019 September 28, 2018, Restructuring activities since June 2015 177 September 27, 2019 $10,573. The following is a rollforward of restructuring activity: Accrued restructuring liability, June 30, 2019 $ - Additions during the year 121 Payments and adjustments during the year (121 ) Accrued restructuring liability, September 27, 2019 $ -

Note M - Earnings Per Share

Note M - Earnings Per Share	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	M. 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. Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company, and are therefore included in computing earnings per share pursuant to the two The components of basic and diluted earnings per share were as follows: For the Quarter Ended September 27, 2019 September 28, 2018 Basic: Net (loss) income $ (6,293 ) $ 2,903 Less: Net earnings attributable to noncontrolling interest (18 ) (41 ) Less: Undistributed earnings attributable to unvested shares - (49 ) Net (loss) income available to Twin Disc shareholders (6,311 ) 2,813 Weighted average shares outstanding - basic 13,111 11,722 Basic (Loss) Income Per Share: Net (loss) income per share - basic $ (0.48 ) $ 0.24 Diluted: Net (loss) income $ (6,293 ) $ 2,903 Less: Net earnings attributable to noncontrolling interest (18 ) (41 ) Less: Undistributed earnings attributable to unvested shares - (49 ) Net (loss) income available to Twin Disc shareholders (6,311 ) 2,813 Weighted average shares outstanding - basic 13,111 11,722 Effect of dilutive stock awards - 77 Weighted average shares outstanding - diluted 13,111 11,799 Diluted (Loss) Income Per Share: Net (loss) income per share - diluted $ (0.48 ) $ 0.24 The following potential common shares were excluded from diluted EPS for the quarter ended September 27, 2019 167.8 178.8 38.0 3.6 The following potential common shares were excluded from diluted EPS for the quarter ended September 28, 2018 180.6 170.4 28.2 3.3

Note N - Lease Liabilities

Note N - Lease Liabilities	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	N. Lease Liabilities The Company leases certain office and warehouse space, as well as production and office equipment. The Company determines if an arrangement is a lease at contract inception. The lease term begins upon lease commencement, which is when the Company takes possession of the asset, and may not The components of lease expense were as follows: For the Quarter Ended September 27, 2019 September 28, 2018 Finance lease cost: Amortization of right-of-use assets $ 36 $ 1 Interest on lease liabilities 12 - Operating lease cost 781 880 Short-term lease cost 17 11 Variable lease cost 16 8 Total lease cost 862 900 Less: Sublease income (53 ) (16 ) Net lease cost $ 809 $ 884 Other information related to leases was as follows: For the Quarter Ended September 27, 2019 September 28, 2018 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 778 $ 871 Operating cash flows from finance leases 30 1 Financing cash flows from finance leases 12 - Right-of-use-assets obtained in exchange for lease obligations: Operating leases 351 12,127 Finance Leases 224 - Weighted average remaining lease term (years): Operating leases 11.1 11.4 Finance lease 4.6 3.8 Weighted average discount rate: Operating leases 7.7 % 7.6 % Finance leases 7.0 % 4.0 % Approximate future minimum rental commitments under non-cancellable leases as of September 27, 2019 Operating Leases Finance Leases 2020 $ 2,148 $ 142 2021 2,286 189 2022 1,789 190 2023 1,659 181 2024 1,487 154 Thereafter 10,777 5 Total future lease payments 20,146 861 Less: Amount representing interest (6,827 ) (126 ) Present value of future payments $ 13,319 $ 735 The Company had $13,329 $14,138 September 27, 2019 June 30, 2019, $13,319 $14,130 September 27, 2019 June 30, 2019, The Company had $720 $545 September 27, 2019 June 30, 2019, $735 $553 September 27, 2019 June 30, 2019,

Note O - Derivative Financial I

Note O - Derivative Financial Instruments	3 Months Ended
	Sep. 27, 2019
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	O. Derivative Financial Instruments From time to time, the Company enters into derivative instruments to manage volatility arising from risks relating to interest rates and foreign exchange. The Company does not no 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. Interest Rate Swap Contracts The Company has one September 27, 2019, April 22, 2019. 815, 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 (loss) 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 $652 $509 September 27, 2019 June 30, 2019, The Company estimates that $136 twelve For eign Currency Forward Contracts The Company has no September 27, 2019 June 30, 2019. Fair Value of Derivative Instruments The fair value of derivative instruments included in the condensed consolidated balance sheets were as follows: Balance Sheet Location September 27, 2019 June 30, 2019 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 136 $ 122 Interest rate swap Other long-term liabilities 717 544 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 For the Quarter Ended Income Location September 27, 2019 September 28, 2018 Derivative designated as hedge: Interest rate swap Interest expense $ 11 $ - Interest rate swap Unrealized loss on cash flow hedge (143 ) -

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 27, 2019
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards In June 2018, 2018 07 July 1, 2019. not New Accounting Releases In August 2018, 2018 13 820, December 15, 2019 ( 2021 In August 2018, 2018 14 December 15, 2020 ( 2021 Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories (Tables)

Note B - Inventories (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 27, 2019 June 30, 2019 Inventories: Finished parts $ 61,703 $ 57,682 Work in process 22,579 23,812 Raw materials 43,023 44,399 $ 127,305 $ 125,893

Note C - Warranty (Tables)

Note C - Warranty (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended September 27, 2019 September 28, 2018 Reserve balance, beginning of period $ 3,736 $ 4,407 Current period expense and adjustments 5,448 1,286 Payments or credits to customers (2,031 ) (1,020 ) Translation (46 ) (6 ) Reserve balance, end of period $ 7,107 $ 4,667

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended September 27, 2019 September 27, 2018 Net sales Manufacturing segment sales $ 54,561 $ 68,912 Distribution segment sales 22,428 22,920 Inter/Intra segment elimination – manufacturing (13,830 ) (14,749 ) Inter/Intra segment elimination – distribution (3,869 ) (2,394 ) $ 59,290 $ 74,689 Net (loss) income attributable to Twin Disc Manufacturing segment net (loss) income $ (4,855 ) $ 7,235 Distribution segment net income 1,092 865 Corporate and eliminations (2,548 ) (5,238 ) $ (6,311 ) $ 2,862
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets September 27, 2019 June 30, 2019 Manufacturing segment assets $ 381,994 $ 384,612 Distribution segment assets 46,729 46,076 Corporate assets and elimination of intercompany assets (87,262 ) (83,818 ) $ 341,461 $ 346,870
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 6,808 $ 1,468 $ (812 ) $ 7,464 Land-based transmissions 17,414 5,480 (7,376 ) 15,518 Marine and propulsion systems 30,320 14,211 (9,510 ) 35,021 Other 19 1,269 (1 ) 1,287 Total $ 54,561 $ 22,428 $ (17,699 ) $ 59,290 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 6,481 $ 1,396 $ (832 ) $ 7,045 Land-based transmissions 29,432 5,611 (5,407 ) 29,636 Marine and propulsion systems 32,976 14,156 (10,857 ) 36,275 Other 23 1,757 (47 ) 1,733 Total $ 68,912 $ 22,920 $ (17,143 ) $ 74,689

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Net Funded Status [Table Text Block]	For the Quarter Ended September 27, 2019 September 28, 2018 Pension Benefits: Service cost $ 212 $ 246 Interest cost 906 1,092 Expected return on plan assets (1,248 ) (1,331 ) Amortization of transition obligation 9 9 Amortization of prior service cost (4 ) 1 Amortization of actuarial net loss 784 678 Net periodic benefit cost $ 659 $ 695 Postretirement Benefits: Service cost $ 4 $ 5 Interest cost 55 76 Amortization of prior service cost (69 ) - Amortization of actuarial net loss - (69 ) Net periodic benefit (gain) cost $ (10 ) $ 12

Note I - Goodwill and Other I_2

Note I - Goodwill and Other Intangibles (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Goodwill [Table Text Block]	Net Book Value Rollforward By Reporting Unit Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value European Propulsion European Industrial Balance at June 30, 2019 $ 39,776 $ (13,822 ) $ 25,954 $ 23,371 $ 2,583 Translation adjustment (882 ) - (882 ) (840 ) (42 ) Balance at September 27, 2019 $ 38,894 $ (13,822 ) $ 25,072 $ 22,531 $ 2,541
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, 2019 $ 39,587 $ (14,434 ) $ 25,153 $ 14,843 $ 7,025 $ 2,733 $ 552 Additions 7 - 7 - - - 7 Amortization - (1,129 ) (1,129 ) (746 ) (284 ) (63 ) (36 ) Translation adjustment (967 ) - (967 ) (616 ) (264 ) (78 ) (9 ) Balance at September 27, 2019 $ 38,627 $ (15,563 ) $ 23,064 $ 13,481 $ 6,477 $ 2,592 $ 514
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2020 $ 3,368 2021 3,232 2022 3,051 2023 2,894 2024 2,678 2025 2,510

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Debt [Table Text Block]	September 27, 2019 June 30, 2019 Borrowings under the Credit Agreement Revolving loans $ 29,759 $ 22,666 Term loan (due March 2026) 19,500 19,500 Other 295 325 Subtotal 49,554 42,491 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 47,554 $ 40,491

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2019 $ 45,047 $ 196,472 $ (37,971 ) $ (21,332 ) $ 602 $ 182,818 Net (loss) income (6,311 ) 18 (6,293 ) Translation adjustments (3,014 ) 18 (2,996 ) Benefit plan adjustments, net of tax 557 557 Unrealized loss on cash flow hedge, net of tax (143 ) (143 ) Cash dividends (127 ) (127 ) Compensation expense 459 459 Shares (acquired) issued, net (2,324 ) 1,412 (912 ) Balance, September 27, 2019 $ 43,182 $ 190,161 $ (40,571 ) $ (19,920 ) $ 511 $ 173,363 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2018 $ 11,570 $ 178,896 $ (23,792 ) $ (23,677 ) $ 619 $ 143,616 Net income 2,862 41 2,903 Translation adjustments (536 ) (25 ) (561 ) Benefit plan adjustments, net of tax 471 471 Release stranded tax effects 6,903 (6,903 ) - Cash dividends (115 ) (115 ) Compensation expense 850 850 Common stock issued, net 32,210 32,210 Shares acquired, net (586 ) (328 ) (914 ) Balance, September 28, 2018 $ 44,044 $ 188,661 $ (30,760 ) $ (24,005 ) $ 520 $ 178,460
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]	Translation Benefit Plan Cash Flow Adjustment Adjustment Hedges Balance at June 30, 2019 $ 4,439 $ (41,901 ) $ (509 ) Translation adjustment during the quarter (3,014 ) - - Other comprehensive loss before reclassifications - - (143 ) Amounts reclassified from accumulated other comprehensive income - 557 - Net current period other comprehensive (loss) income (3,014 ) 557 (143 ) Balance at September 27, 2019 $ 1,425 $ (41,344 ) $ (652 ) Translation Benefit Plan Adjustment Adjustment Balance at June 30, 2018 $ 7,085 $ (30,877 ) Translation adjustment during the quarter (536 ) - Release stranded tax effects - (6,903 ) Amounts reclassified from accumulated other comprehensive income - 471 Net current period other comprehensive loss (536 ) (6,432 ) Balance at September 28, 2018 $ 6,549 $ (37,309 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Quarter Ended September 27, 2019 Changes in benefit plan items Actuarial losses $ 790 (a) Transition asset and prior service benefit (64 ) (a) Total amortization 726 Income taxes 169 Total reclassification net of tax $ 557 Amount Reclassified Quarter Ended September 28, 2018 Changes in benefit plan items Actuarial losses $ 607 (a) Transition asset and prior service benefit 10 (a) Total amortization 617 Income taxes 146 Total reclassification net of tax $ 471

Note L - Restructuring of Ope_2

Note L - Restructuring of Operations (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2019 $ - Additions during the year 121 Payments and adjustments during the year (121 ) Accrued restructuring liability, September 27, 2019 $ -

Note M - Earnings Per Share (Ta

Note M - Earnings Per Share (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended September 27, 2019 September 28, 2018 Basic: Net (loss) income $ (6,293 ) $ 2,903 Less: Net earnings attributable to noncontrolling interest (18 ) (41 ) Less: Undistributed earnings attributable to unvested shares - (49 ) Net (loss) income available to Twin Disc shareholders (6,311 ) 2,813 Weighted average shares outstanding - basic 13,111 11,722 Basic (Loss) Income Per Share: Net (loss) income per share - basic $ (0.48 ) $ 0.24 Diluted: Net (loss) income $ (6,293 ) $ 2,903 Less: Net earnings attributable to noncontrolling interest (18 ) (41 ) Less: Undistributed earnings attributable to unvested shares - (49 ) Net (loss) income available to Twin Disc shareholders (6,311 ) 2,813 Weighted average shares outstanding - basic 13,111 11,722 Effect of dilutive stock awards - 77 Weighted average shares outstanding - diluted 13,111 11,799 Diluted (Loss) Income Per Share: Net (loss) income per share - diluted $ (0.48 ) $ 0.24

Note N - Lease Liabilities (Tab

Note N - Lease Liabilities (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Lease, Cost [Table Text Block]	For the Quarter Ended September 27, 2019 September 28, 2018 Finance lease cost: Amortization of right-of-use assets $ 36 $ 1 Interest on lease liabilities 12 - Operating lease cost 781 880 Short-term lease cost 17 11 Variable lease cost 16 8 Total lease cost 862 900 Less: Sublease income (53 ) (16 ) Net lease cost $ 809 $ 884
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended September 27, 2019 September 28, 2018 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 778 $ 871 Operating cash flows from finance leases 30 1 Financing cash flows from finance leases 12 - Right-of-use-assets obtained in exchange for lease obligations: Operating leases 351 12,127 Finance Leases 224 - Weighted average remaining lease term (years): Operating leases 11.1 11.4 Finance lease 4.6 3.8 Weighted average discount rate: Operating leases 7.7 % 7.6 % Finance leases 7.0 % 4.0 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2020 $ 2,148 $ 142 2021 2,286 189 2022 1,789 190 2023 1,659 181 2024 1,487 154 Thereafter 10,777 5 Total future lease payments 20,146 861 Less: Amount representing interest (6,827 ) (126 ) Present value of future payments $ 13,319 $ 735

Note O - Derivative Financial_2

Note O - Derivative Financial Instruments (Tables)	3 Months Ended
	Sep. 27, 2019
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location September 27, 2019 June 30, 2019 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 136 $ 122 Interest rate swap Other long-term liabilities 717 544
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Comprehensive For the Quarter Ended Income Location September 27, 2019 September 28, 2018 Derivative designated as hedge: Interest rate swap Interest expense $ 11 $ - Interest rate swap Unrealized loss on cash flow hedge (143 ) -

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
Finished parts	$ 61,703	$ 57,682
Work in process	22,579	23,812
Raw materials	43,023	44,399
Total inventories	$ 127,305	$ 125,893

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Product Warranty Expense	$ 3,889
Product Warranty Accrual, Current	6,253	$ 4,139
Product Warranty Accrual, Noncurrent	$ 854	$ 528

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Reserve balance	$ 3,736	$ 4,407
Current period expense and adjustments	5,448	1,286
Payments or credits to customers	(2,031)	(1,020)
Translation	(46)	(6)
Reserve balance	$ 7,107	$ 4,667

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	3 Months Ended
	Sep. 27, 2019
Number of Reportable Segments	2

Note E - Business Segments - Re

Note E - Business Segments - Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Net sales	$ 59,290	$ 74,689
Net income (loss)	(6,311)	2,862
Intersegment Eliminations [Member]
Net sales	(17,699)	(17,143)
Corporate, Non-Segment [Member]
Net income (loss)	(2,548)	(5,238)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	54,561	68,912
Net income (loss)	(4,855)	7,235
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(13,830)	(14,749)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	22,428	22,920
Net income (loss)	1,092	865
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (3,869)	$ (2,394)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
Segment Assets	$ 341,461	$ 346,870
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	381,994	384,612
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	46,729	46,076
Corporate, Non-Segment [Member]
Segment Assets	$ (87,262)	$ (83,818)

Note E - Business Segments - Ne

Note E - Business Segments - Net Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Net Sales	$ 59,290	$ 74,689
Intersegment Eliminations [Member]
Net Sales	(17,699)	(17,143)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	54,561	68,912
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(13,830)	(14,749)
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	22,428	22,920
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(3,869)	(2,394)
Industrial [Member]
Net Sales	7,464	7,045
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(812)	(832)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	6,808	6,481
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	1,468	1,396
Land Based Transmissions [Member]
Net Sales	15,518	29,636
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(7,376)	(5,407)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	17,414	29,432
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	5,480	5,611
Marine and Propulsion Systems [Member]
Net Sales	35,021	36,275
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(9,510)	(10,857)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	30,320	32,976
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	14,211	14,156
Other [Member]
Net Sales	1,287	1,733
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(1)	(47)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	19	23
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 1,269	$ 1,757

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Share-based Payment Arrangement, Expense	$ 306,000	$ 250,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	1,474,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1,017,000	$ 1,785,000
Performance Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	71,700	37,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	107,600	75,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	167,800	182,700
Share-based Payment Arrangement, Expense	$ 72,000	$ 546,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 16.70
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,844,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 0	$ 0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	86,400	4,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	178,800	170,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0	2,800
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, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	38,000	38,000
Share-based Payment Arrangement, Expense	$ 81,000	$ 54,000
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	$ 598,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	3 years

Note G - Pension and Other Po_3

Note G - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ 557	$ 471
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	169	$ 146
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	1,936
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 429

Note G - Pension and Other Po_4

Note G - Pension and Other Postretirement Benefit Plans - Net Funded Status of Pension and Postretirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Pension Plan [Member]
Service cost	$ 212	$ 246
Interest cost	906	1,092
Expected return on plan assets	1,248	1,331
Amortization of transition obligation	(9)	(9)
Amortization of prior service cost	(4)	1
Amortization of actuarial net loss	784	678
Net periodic benefit cost	659	695
Other Postretirement Benefits Plan [Member]
Service cost	4	5
Interest cost	55	76
Amortization of prior service cost	(69)
Amortization of actuarial net loss		(69)
Net periodic benefit cost	$ (10)	$ 12

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Sep. 27, 2019	Sep. 27, 2018
Effective Income Tax Rate Reconciliation, Percent, Total	20.50%	23.40%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 1,116
Foreign Tax Authority [Member]
Open Tax Year	2013 2014 2015 2016 2017 2018 2019
Foreign Tax Authority [Member] | Tax and Customs Administration, Netherlands [Member]
Open Tax Year	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	2011 2012 2013 2014 2015

Note I - Goodwill and Other I_3

Note I - Goodwill and Other Intangibles (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018	Jun. 30, 2019
Goodwill, Ending Balance	$ 25,072		$ 25,954
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Amortization of Intangible Assets, Total	$ 1,129	$ 665
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	202		200
European Propulsion [Member]
Goodwill, Ending Balance	22,531		23,371
European Industrial [Member]
Goodwill, Ending Balance	$ 2,541		$ 2,583

Note I - Goodwill and Other I_4

Note I - Goodwill and Other Intangibles - Goodwill Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Jun. 30, 2019
Balance, goodwill gross carrying amount	$ 39,776
Translation adjustment, goodwill gross carrying amount	(882)
Balance, goodwill gross carrying amount	38,894
Balance, goodwill accumulated impairment	(13,822)	$ (13,822)
Balance, goodwill net book value	25,954
Translation adjustment, goodwill net book value	(882)
Balance, goodwill net book value	25,072
European Propulsion [Member]
Translation adjustment, goodwill gross carrying amount	(840)
Balance, goodwill net book value	23,371
Translation adjustment, goodwill net book value	(840)
Balance, goodwill net book value	22,531
European Industrial [Member]
Translation adjustment, goodwill gross carrying amount	(42)
Balance, goodwill net book value	2,583
Translation adjustment, goodwill net book value	(42)
Balance, goodwill net book value	$ 2,541

Note I - Goodwill and Other I_5

Note I - Goodwill and Other Intangibles - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Balance, Definite Intangible Assets Gross Carrying Amount	$ 39,587
Additions, Definite Intangible Assets Gross Carrying Amount	7
Translation adjustment, Definite Intangible Assets Gross Carrying Amount	(967)
Balance, Definite Intangible Assets Gross Carrying Amount	38,627
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(14,434)
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment	(1,129)	$ (665)
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(15,563)
Balance at June 30, Definite Intangible Assets Net Book Value	25,153
Additions, Definite Intangible Assets Net Book Value	7
Amortization, Definite Intangible Assets Net Book Value	(1,129)	$ (665)
Translation adjustment, Definite Intangible Assets Net Book Value	(967)
Balance at June 30, Definite Intangible Assets Net Book Value	23,064
Customer Relationships [Member]
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment	(746)
Balance at June 30, Definite Intangible Assets Net Book Value	14,843
Additions, Definite Intangible Assets Net Book Value
Amortization, Definite Intangible Assets Net Book Value	(746)
Translation adjustment, Definite Intangible Assets Net Book Value	(616)
Balance at June 30, Definite Intangible Assets Net Book Value	13,481
Technology-Based Intangible Assets [Member]
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment	(284)
Balance at June 30, Definite Intangible Assets Net Book Value	7,025
Additions, Definite Intangible Assets Net Book Value
Amortization, Definite Intangible Assets Net Book Value	(284)
Translation adjustment, Definite Intangible Assets Net Book Value	(264)
Balance at June 30, Definite Intangible Assets Net Book Value	6,477
Trade Names [Member]
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment	(63)
Balance at June 30, Definite Intangible Assets Net Book Value	2,733
Additions, Definite Intangible Assets Net Book Value
Amortization, Definite Intangible Assets Net Book Value	(63)
Translation adjustment, Definite Intangible Assets Net Book Value	(78)
Balance at June 30, Definite Intangible Assets Net Book Value	2,592
Other Intangible Assets [Member]
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment	(36)
Balance at June 30, Definite Intangible Assets Net Book Value	552
Additions, Definite Intangible Assets Net Book Value	7
Amortization, Definite Intangible Assets Net Book Value	(36)
Translation adjustment, Definite Intangible Assets Net Book Value	(9)
Balance at June 30, Definite Intangible Assets Net Book Value	$ 514

Note I - Goodwill and Other I_6

Note I - Goodwill and Other Intangibles - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Sep. 27, 2019USD ($)
2020	$ 3,368
2021	3,232
2022	3,051
2023	2,894
2024	2,678
2025	$ 2,510

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) - USD ($)	Apr. 22, 2019	Jun. 29, 2018	Sep. 27, 2019
Principal Paid on Sale Leaseback Liabilities			$ 17,000
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	$ 20,000,000
Derivative, Maturity Date	Mar. 4, 2026
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%
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000,000
Debt Instrument, Interest Rate During Period			2.36%
Line of Credit Facility, Current Borrowing Capacity			$ 44,535
Line of Credit Facility, Remaining Borrowing Capacity			$ 14,776
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Instrument, Periodic Payment, Total		$ 500,000
Debt Instrument, Maturity Date		Mar. 4, 2026
Debt Instrument, Interest Rate During Period			3.62%

Note J - Long-term Debt - Long-

Note J - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
Long-term debt	$ 49,554	$ 42,491
Less: current maturities	(2,000)	(2,000)
Total long-term debt	47,554	40,491
Revolving Loan [Member]
Long-term debt	29,759	22,666
Term Loan [Member]
Long-term debt	19,500	19,500
Other Long-Term Debt [Member]
Long-term debt	$ 295	$ 325

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - shares shares in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	315
Treasury Stock, Shares, Acquired	0	0

Note K - Shareholders' Equity -

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Balance	$ 182,818	$ 143,616
Net income (loss)	(6,293)	2,903
Translation adjustments	(2,996)	(561)
Benefit plan adjustments, net of tax	557	471
Unrealized loss on cash flow hedge, net of tax	(143)
Cash dividends	(127)	(115)
Compensation expense	459	850
Shares (acquired) issued, net	(912)	(914)
Release stranded tax effects
Common stock issued, net		32,210
Balance	173,363	178,460
Common Stock [Member]
Balance	45,047	11,570
Net income (loss)
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized loss on cash flow hedge, net of tax
Cash dividends
Compensation expense	459	850
Shares (acquired) issued, net	(2,324)	(586)
Release stranded tax effects
Common stock issued, net		32,210
Balance	43,182	44,044
Retained Earnings [Member]
Balance	196,472	178,896
Net income (loss)	(6,311)	2,862
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized loss on cash flow hedge, net of tax
Cash dividends
Compensation expense
Shares (acquired) issued, net
Release stranded tax effects		6,903
Common stock issued, net
Balance	190,161	188,661
AOCI Attributable to Parent [Member]
Balance	(37,971)	(23,792)
Net income (loss)
Translation adjustments	(3,014)	(536)
Benefit plan adjustments, net of tax	557	471
Unrealized loss on cash flow hedge, net of tax	(143)
Cash dividends
Compensation expense
Shares (acquired) issued, net
Release stranded tax effects		(6,903)
Common stock issued, net
Balance	(40,571)	(30,760)
Treasury Stock [Member]
Balance	(21,332)	(23,677)
Net income (loss)
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized loss on cash flow hedge, net of tax
Cash dividends
Compensation expense
Shares (acquired) issued, net	1,412	(328)
Release stranded tax effects
Common stock issued, net
Balance	(19,920)	(24,005)
Noncontrolling Interest [Member]
Balance	602	619
Net income (loss)	18	41
Translation adjustments	18	(25)
Benefit plan adjustments, net of tax
Unrealized loss on cash flow hedge, net of tax
Cash dividends	(127)	(115)
Compensation expense
Shares (acquired) issued, net
Release stranded tax effects
Common stock issued, net
Balance	$ 511	$ 520

Note K - Stockholders' Equity -

Note K - Stockholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Balance	$ 182,818	$ 143,616
Translation adjustment during the quarter	(2,996)	(561)
Balance	173,363	178,460
Release stranded tax effects
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	4,439	7,085
Translation adjustment during the quarter	(3,014)	(536)
Other comprehensive loss before reclassifications
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive (loss) income	(3,014)	(536)
Balance	1,425	6,549
Release stranded tax effects
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(41,901)	(30,877)
Translation adjustment during the quarter
Other comprehensive loss before reclassifications
Amounts reclassified from accumulated other comprehensive income	557	471
Net current period other comprehensive (loss) income	557	(6,432)
Balance	(41,344)	(37,309)
Release stranded tax effects		$ (6,903)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(509)
Translation adjustment during the quarter
Other comprehensive loss before reclassifications	(143)
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive (loss) income	(143)
Balance	$ (652)

Note K - Shareholders' Equity_3

Note K - Shareholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 27, 2019	Sep. 28, 2018
Income tax (benefit) expense		$ (1,618)	$ 887
Net (loss) income		(6,293)	2,903
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	[1]	790	607
Transition asset and prior service benefit	[1]	(64)	10
Total amortization		726	617
Income tax (benefit) expense		169	146
Net (loss) income		$ 557	$ 471
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Ope_3

Note L - Restructuring of Operations (Details Textual) $ in Thousands	3 Months Ended		52 Months Ended
	Sep. 27, 2019USD ($)	Sep. 28, 2018USD ($)	Sep. 27, 2019USD ($)
Restructuring Charges, Total	$ 121	$ 173	$ 10,573
Restructuring and Related Cost, Number of Positions Eliminated			177

Note L - Restructuring of Ope_4

Note L - Restructuring of Operations - Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		52 Months Ended
	Sep. 27, 2019	Sep. 28, 2018	Sep. 27, 2019
Accrued restructuring liability
Additions during the year	121	$ 173	$ 10,573
Payments and adjustments during the year	(121)
Accrued restructuring liability

Note M - Earnings Per Share (De

Note M - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	167,800	180,600
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	178,800	170,400
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	38,000	28,200
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,600	3,300

Note M - Earnings Per Share - C

Note M - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Basic:
Net (loss) income	$ (6,293)	$ 2,903
Less: Net earnings attributable to noncontrolling interest	(18)	(41)
Less: Undistributed earnings attributable to unvested shares		(49)
Net (loss) income available to Twin Disc shareholders	$ (6,311)	$ 2,813
Weighted average shares outstanding - basic (in shares)	13,111	11,722
Basic (Loss) Income Per Share:
Net (loss) income per share - basic (in dollars per share)	$ (0.48)	$ 0.24
Diluted:
Net (loss) income	$ (6,293)	$ 2,903
Less: Net earnings attributable to noncontrolling interest	(18)	(41)
Less: Undistributed earnings attributable to unvested shares		(49)
Net (loss) income available to Twin Disc shareholders	$ (6,311)	$ 2,813
Weighted average shares outstanding - basic (in shares)	13,111	11,722
Effect of dilutive stock awards (in shares)		77
Weighted average shares outstanding - diluted (in shares)	13,111	11,799
Diluted (Loss) Income Per Share:
Net (loss) income per share - diluted (in dollars per share)	$ (0.48)	$ 0.24

Note N - Lease Liabilities (Det

Note N - Lease Liabilities (Details Textual) - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
Operating Lease, Right-of-Use Asset	$ 13,329	$ 14,138
Operating Lease, Liability, Total	13,319	14,130
Finance Lease, Right-of-Use Asset	720	545
Finance Lease, Liability, Total	$ 735	$ 553

Note N - Lease Liabilities - Co

Note N - Lease Liabilities - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Amortization of right-of-use assets	$ 36	$ 1
Interest on lease liabilities	12
Operating lease cost	781	880
Short-term lease cost	17	11
Variable lease cost	16	8
Total lease cost	862	900
Less: Sublease income	(53)	(16)
Net lease cost	$ 809	$ 884

Note N - Lease Liabilities - Ot

Note N - Lease Liabilities - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Operating cash flows from operating leases	$ 778	$ 871
Operating cash flows from finance leases	30	1
Financing cash flows from finance leases	12
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	351	12,127
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 224
Weighted average remaining lease term (years): Operating leases (Year)	11 years 36 days	11 years 146 days
Weighted average remaining lease term (years): Finance lease (Year)	4 years 219 days	3 years 292 days
Weighted average discount rate: Operating leases	7.70%	7.60%
Weighted average discount rate: Finance leases	7.00%	4.00%

Note N - Lease Liabilities - Fu

Note N - Lease Liabilities - Future Minimum Rental Commitments Under Noncancellable Leases (Details) - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
2020, Operating Leases	$ 2,148
2020, Finance Leases	142
2021, Operating Leases	2,286
2021, Finance Leases	189
2022, Operating Leases	1,789
2022, Finance Leases	190
2023, Operating Leases	1,659
2023, Finance Leases	181
2024, Operating Leases	1,487
2024, Finance Leases	154
Thereafter, Operating Leases	10,777
Thereafter, Finance Leases	5
Total future lease payments, Operating Leases	20,146
Total future lease payments, Finance Leases	861
Less: Amount representing interest, Operating Leases	(6,827)
Less: Amount representing interest, Finance Leases	(126)
Operating Lease, Liability, Total	13,319	$ 14,130
Finance Lease, Liability, Total	$ 735	$ 553

Note O - Derivative Financial_3

Note O - Derivative Financial Instruments (Details Textual) $ in Thousands	3 Months Ended
	Sep. 27, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 28, 2018USD ($)	Jun. 30, 2018USD ($)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 173,363	$ 182,818	$ 178,460	$ 143,616
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	136
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ (652)	$ (509)
Interest Rate Swap [Member]
Derivative, Number of Instruments Held, Total	1
Foreign Exchange Forward [Member]
Derivative, Number of Instruments Held, Total	0	0

Note O - Derivative Financial_4

Note O - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Designated as Hedging Instrument [Member] - Interest Rate Swap [Member] - USD ($) $ in Thousands	Sep. 27, 2019	Jun. 30, 2019
Accounts Payable and Accrued Liabilities [Member]
Interest rate swap	$ 136	$ 122
Other Noncurrent Liabilities [Member]
Interest rate swap	$ 717	$ 544

Note O - Derivative Financial_5

Note O - Derivative Financial Instruments - Impact of the Company’s Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 27, 2019	Sep. 28, 2018
Interest rate swap	$ (143)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Interest rate swap	(143)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Interest rate swap	$ 11