Twin Disc (TWIN) 10-Q 5 May 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 27, 2020	Apr. 30, 2020
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 Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		13,405,993
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 27, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
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	Mar. 27, 2020	Jun. 30, 2019
Current assets:
Cash	$ 8,434	$ 12,362
Trade accounts receivable, net	31,514	44,013
Inventories	127,615	125,893
Prepaid expenses	6,681	11,681
Other	8,128	8,420
Total current assets	182,372	202,369
Property, plant and equipment, net	72,863	71,258
Goodwill, net		25,954
Intangible assets, net	19,925	25,353
Deferred income taxes	22,848	18,178
Other assets	3,152	3,758
Total assets	301,160	346,870
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Accounts payable	27,909	31,468
Accrued liabilities	42,160	41,646
Total current liabilities	72,069	75,114
Long-term debt	40,874	40,491
Lease obligations	13,340	12,646
Accrued retirement benefits	22,502	25,878
Deferred income taxes	5,780	7,429
Other long-term liabilities	2,560	2,494
Total liabilities	157,125	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	42,286	45,047
Retained earnings	158,415	196,472
Accumulated other comprehensive loss	(38,476)	(37,971)
Equity before treasury stock	162,225	203,548
Less treasury stock, at cost (1,226,809 and 1,392,524 shares, respectively)	18,796	21,332
Total Twin Disc shareholders' equity	143,429	182,216
Noncontrolling interest	606	602
Total equity	144,035	182,818
Total liabilities and equity	$ 301,160	$ 346,870

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands, $ / shares in Thousands	Mar. 27, 2020	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)	1,226,809	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		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Net Sales	$ 68,636	$ 77,420	$ 187,462	$ 230,216
Cost of goods sold	52,087	54,303	145,566	157,026
Gross profit	16,549	23,117	41,896	73,190
Marketing, engineering and administrative expenses	15,349	17,375	48,106	55,269
Restructuring expenses	532	131	4,902	738
Goodwill and other impairment charge	27,603		27,603
Other operating income		(1,357)		(1,357)
(Loss) income from operations	(26,935)	6,968	(38,715)	18,540
Interest expense	488	449	1,324	1,583
Other expense (income), net	898	490	1,618	1,608
Non-operating income (expense)	1,386	939	2,942	3,191
(Loss) income before income taxes and noncontrolling interest	(28,321)	6,029	(41,657)	15,349
Income tax (benefit) expense	(3,145)	1,442	(3,722)	3,780
Net (loss) income	(25,176)	4,587	(37,935)	11,569
Less: Net earnings attributable to noncontrolling interest, net of tax	(54)	(27)	(122)	(75)
Net (loss) income attributable to Twin Disc	$ (25,230)	$ 4,560	$ (38,057)	$ 11,494
(Loss) income per share data:
Basic (loss) income per share attributable to Twin Disc common shareholders (in dollars per share)	$ (1.92)	$ 0.35	$ (2.89)	$ 0.91
Diluted (loss) income per share attributable to Twin Disc common shareholders (in dollars per share)	$ (1.92)	$ 0.34	$ (2.89)	$ 0.90
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,175	12,914	13,147	12,437
Diluted shares outstanding (in shares)	13,175	13,146	13,147	12,652
Comprehensive (loss) income
Net (loss) income	$ (25,176)	$ 4,587	$ (37,935)	$ 11,569
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively	1,593	478	2,698	1,427
Translation adjustment during the quarter	(1,266)	(869)	(2,615)	(3,217)
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively	(582)		(579)
Comprehensive (loss) income	(25,431)	4,196	(38,431)	9,779
Less: Comprehensive income attributable to noncontrolling interest	(46)	(44)	(132)	(52)
Comprehensive (loss) income attributable to Twin Disc	$ (25,477)	$ 4,152	$ (38,563)	$ 9,727

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Benefit plan adjustments, income taxes	$ 490	$ 146	$ 828	$ 437
Unrealized loss on cash flow hedge, income taxes	$ 178	$ 0	$ 177	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019
Cash flows from operating activities:
Net (loss) income	$ (37,935)	$ 11,569
Adjustments to reconcile net (loss) income to net cash provided (used) by operating activities, net of acquired assets:
Depreciation and amortization	8,917	6,974
Restructuring expenses	2,556	28
Goodwill and other impairment charge	27,603
Provision for deferred income taxes	(6,225)	1,158
Stock compensation expense and other non-cash changes, net	859	2,123
Amortization of inventory fair value step-up		3,223
Gain on sale of Mill Log		(865)
Gain on contingent consideration of Veth Propulsion acquisition		(492)
Net change in operating assets and liabilities	9,556	(35,876)
Net cash provided (used) by operating activities	5,331	(12,158)
Cash flows from investing activities:
Acquisitions of fixed assets	(9,155)	(8,911)
Proceeds from sale of fixed assets	109	145
Other, net	(27)	(229)
Proceeds from sale of Mill Log, net of costs to sell		5,158
Acquisition of Veth Propulsion, less cash acquired		(60,195)
Net cash used by investing activities	(9,073)	(64,032)
Cash flows from financing activities:
Borrowings under revolving loan arrangement	78,597	123,904
Repayments of revolver loans	(76,805)	(99,156)
Repayments of long term debt	(1,164)	(23,872)
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		36
Borrowings under term debt arrangement		44,151
Net cash (used) provided by financing activities	(412)	76,232
Effect of exchange rate changes on cash	226	544
Net change in cash	(3,928)	586
Cash:
Beginning of period	12,362	15,171
End of period	$ 8,434	$ 15,757

Note A - Basis of Presentation

Note A - Basis of Presentation	9 Months Ended
	Mar. 27, 2020
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 Recent events In March 2020, 19 19 As a result of the COVID- 19 March 2020, one two thirteen Aside from operational impacts and its results on our operations during the quarter, the occurrence of the COVID- 19 As described further in Note I, Goodwill and Other Intangibles, the Company recorded significant non-cash impairment charges during the quarter. While the Company continues to have a positive outlook of its operations in Europe, both in the European Propulsion and European Industrial reporting units, and remains committed to supporting those operations, the adverse economic effects of the COVID- 19 not $27,603. The full impact of the COVID- 19 2, 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 In December 2019, 2019 12 December 15, 2020 ( 2022 In March 2020, 2020 04 March 12, 2020, may December 31, 2022. Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories

Note B - Inventories	9 Months Ended
	Mar. 27, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	B . Inventor ies The major classes of inventories were as follows: March 27, 2020 June 30, 2019 Inventories: Finished parts $ 64,066 $ 57,682 Work in process 22,024 23,812 Raw materials 41,525 44,399 $ 127,615 $ 125,893

Note C - Warranty

Note C - Warranty	9 Months Ended
	Mar. 27, 2020
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 March 27, 2020 March 29, 2019: For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Reserve balance, beginning of period $ 5,775 $ 3,843 $ 3,736 $ 4,407 Current period expense and adjustments 3,127 670 9,255 2,084 Payments or credits to customers (2,973 ) (742 ) (7,039 ) (2,688 ) Translation (9 ) (21 ) (32 ) (53 ) Reserve balance, end of period $ 5,920 $ 3,750 $ 5,920 $ 3,750 Included in expense in the quarter and three March 27, 2020 $2,234 $6,123, The current portion of the warranty accrual ( $5,053 $2,983 March 27, 2020 March 29, 2019, $867 $767 March 27, 2020 March 29, 2019,

Note D - Contingencies

Note D - Contingencies	9 Months Ended
	Mar. 27, 2020
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	9 Months Ended
	Mar. 27, 2020
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 For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Net sales Manufacturing segment sales $ 58,877 $ 71,374 $ 170,611 $ 211,273 Distribution segment sales 28,387 27,547 72,839 77,557 Inter/Intra segment elimination – manufacturing (13,993 ) (16,272 ) (42,928 ) (45,953 ) Inter/Intra segment elimination – distribution (4,635 ) (5,229 ) (13,060 ) (12,661 ) $ 68,636 $ 77,420 $ 187,462 $ 230,216 Net (loss) income attributable to Twin Disc Manufacturing segment net (loss) income $ (26,859 ) $ 6,350 $ (34,650 ) $ 21,509 Distribution segment net income 991 (498 ) 2,925 935 Corporate and eliminations 638 (1,292 ) (6,332 ) (10,950 ) $ (25,230 ) $ 4,560 $ (38,057 ) $ 11,494 Assets March 27, 2020 June 30, 2019 Manufacturing segment assets $ 365,884 $ 384,612 Distribution segment assets 47,334 46,076 Corporate assets and elimination of intercompany assets (112,058 ) (83,818 ) $ 301,160 $ 346,870 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters and three March 27, 2020 March 29, 2019. Net sales by product group for the quarter ended March 27, 2020 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,709 $ 1,760 $ (619 ) $ 6,850 Land-based transmissions 15,185 9,051 (6,599 ) 17,637 Marine and propulsion systems 37,968 15,817 (11,409 ) 42,376 Other 15 1,759 (1 ) 1,773 Total $ 58,877 $ 28,387 $ (18,628 ) $ 68,636 Net sales by product group for the quarter ended March 29, 2019 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 8,149 $ 2,457 $ (1,070 ) $ 9,536 Land-based transmissions 27,133 8,309 (8,538 ) 26,904 Marine and propulsion systems 36,076 15,573 (11,908 ) 39,741 Other 16 1,208 15 1,239 Total $ 71,374 $ 27,547 $ (21,501 ) $ 77,420 Net sales by product group for the three March 27, 2020 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 18,409 $ 4,712 $ (2,183 ) $ 20,938 Land-based transmissions 49,159 20,769 (21,466 ) 48,462 Marine and propulsion systems 102,988 43,445 (32,337 ) 114,096 Other 55 3,913 (2 ) 3,966 Total $ 170,611 $ 72,839 $ (55,988 ) $ 187,462 Net sales by product group for the three March 29, 2019 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 22,883 $ 6,434 $ (3,619 ) $ 25,698 Land-based transmissions 86,876 20,765 (21,322 ) 86,319 Marine and propulsion systems 101,464 46,037 (33,629 ) 113,872 Other 50 4,321 (44 ) 4,327 Total $ 211,273 $ 77,557 $ (58,614 ) $ 230,216

Note F - Stock-based Compensati

Note F - Stock-based Compensation	9 Months Ended
	Mar. 27, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	F . Stock-Based Compensation Performance Stock Awards (“PSA”) During the first three 2020 2019, 131.7 42.3 2020 three June 30, 2022. 184.8. not The fiscal 2019 three June 30, 2021. 67.0. not There were 214.0 188.0 March 27, 2020 March 29, 2019, $439 $240 March 27, 2020 March 29, 2019, $419 $1,028 three March 27, 2020 March 29, 2019, March 27, 2020 $15.24. March 27, 2020, $2,794 2020, 2019 2018 March 27, 2020 March 29, 2019 $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 three 2020 2019, 180.4 35.6 231.4 184.3 March 27, 2020 March 29, 2019, 20.5 3.8 three March 27, 2020 March 29, 2019, $338 $280 March 27, 2020 March 29, 2019, $862 $796 three March 27, 2020 March 29, 2019, March 27, 2020 March 29, 2019 $1,241 $2,102, March 27, 2020, $1,644 three Restricted Stock Unit Awards (“RS U ”) Under the 2018 three first three 2019, 38.0 38.0 March 27, 2020 March 29, 2019. $82 $81 March 27, 2020 March 29, 2019, $245 $217 three March 27, 2020 March 29, 2019, March 27, 2020 $25.77. March 27, 2020, $435 two

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	9 Months Ended
	Mar. 27, 2020
Notes to Financial Statements
Retirement Benefits [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 For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Pension Benefits: Service cost $ 205 $ 242 $ 612 $ 739 Interest cost 909 1,095 2,703 3,270 Expected return on plan assets (1,245 ) (1,329 ) (3,733 ) (3,992 ) Amortization of transition obligation 9 9 26 26 Amortization of prior service cost (4 ) 1 (11 ) 3 Amortization of actuarial net loss 673 678 2,241 2,033 Net periodic benefit cost $ 547 $ 696 $ 1,838 $ 2,079 Postretirement Benefits: Service cost $ 4 $ 5 $ 13 $ 14 Interest cost 55 76 164 228 Amortization of prior service cost (69 ) - (206 ) - Amortization of actuarial net loss - (69 ) - (206 ) Net periodic benefit (gain) cost $ (10 ) $ 12 $ (29 ) $ 36 The Company expects to contribute approximately $1,936 2020. March 27, 2020, $1,134 The Company has reclassified $1,593 $490 March 27, 2020, $478 $146 March 29, 2019. $2,698 $828 three March 27, 2020, $1,427 $437 three March 29, 2019.

Note H - Income Taxes

Note H - Income Taxes	9 Months Ended
	Mar. 27, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H . Income Taxes For the three March 27, 2020 March 29, 2019, 8.9% 24.6%, 0.67%. no $5,310 2.66%. $27,603 13.79%. As discussed in Note A, Basis of Presentation, the spread of the COVID- 19 March 27, 2020, 2017. 19 19 The Company maintains valuation allowances when it is more likely than not not no Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with the estimated annual effective tax rate. Under this effective tax rate methodology, the Company applies an estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter. The Company has approximately $1,121 March 27, 2020, no March 27, 2020. 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. 2016. 2011 2013. 2020.

Note I - Goodwill and Other Int

Note I - Goodwill and Other Intangibles	9 Months Ended
	Mar. 27, 2020
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 March 30, 2020 may not A significant amount of judgment is involved in determining if a triggering event has occurred. Such indicators may The Company believes that the economic disruptions and unprecedented market volatilities and uncertainties resulting from the COVID- 19 March 27, 2020. Subsequent to the adoption of ASU 2017 04, one The European Propulsion reporting unit, which carried goodwill in the amount of $22,822, 19 no 19 third In assessing the current environment, management is informed that there is consensus among industry experts that the impacts from the outbreak will be severe and adverse, and that a general contraction in the macroeconomic environment is expected. The magnitude and duration is unknown. Management expects that a contraction of the global economy would reduce or shift the demand for its products in the near term. For example, the reporting unit expects that the demand for certain of its end-market products, such as passenger leisure cruise vessels, passenger ferries, and other commercial vessels that operate based on general economic activities, will likely be adversely impacted as social restrictions are put in place by governments to curb the outbreak. Based on additional market insights and expectations of industry and subject matter experts, which also includes the negative impacts of the historic and unprecedented free fall drop in the global price of oil, the Company believes that future cash flow projections of this reporting unit will fall short of its previous projections, which included synergies that are now less likely to be realized in the face of a COVID- 19 The European Industrial reporting unit which carried goodwill in the amount of $2,558 The Company completed its interim assessment for goodwill impairment as of March 27, 2020 third 13.0%. $25,380. As a result of the full impairment of goodwill, the balance of goodwill at March 27, 2020 no As a consequence of these macroeconomic developments, market insights and expectations, and the occurrence of a triggering event in the quarter, the Company also performed an assessment of its intangibles and other long-lived assets. The Company performed an undiscounted operating cash flow analysis as of March 27, 2020, $2,223. The total non-cash impairment charge of $27,603, $1,275. As of March 27, 2020, Net Book Value Rollforward By Reporting Unit Gross Carrying Amount Accumulated Impairment Net Book Value European Propulsion European Industrial Balance at June 30, 2019 $ 39,776 $ (13,822 ) $ 25,954 $ 23,371 $ 2,583 Impairment - (25,380 ) (25,380 ) (22,822 ) (2,558 ) Translation adjustment (574 ) - (574 ) (549 ) (25 ) Balance at March 27, 2020 $ 39,202 $ (39,202 ) $ - $ - $ - As of March 27, 2020, 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 78 - 78 - - - 78 Amortization - (3,420 ) (3,420 ) (2,252 ) (854 ) (190 ) (124 ) Impairment - (1,306 ) (1,306 ) - - (1,080 ) (226 ) Translation adjustment (580 ) - (580 ) (381 ) (150 ) (44 ) (5 ) Balance at March 27, 2020 $ 39,085 $ (19,160 ) $ 19,925 $ 12,210 $ 6,021 $ 1,419 $ 275 Other intangibles consist mainly of computer software. 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 $1,148 $746 March 27, 2020, March 29, 2019, $3,420 $1,995 three March 27, 2020, March 29, 2019, 2020 five Fiscal Year 2020 $ 1,112 2021 3,153 2022 2,969 2023 2,809 2024 2,641 2025 2,473 The gross carrying amount of the Company’s intangible assets that have indefinite lives and are not March 27, 2020 June 30, 2019 $0 $200, March 27, 2020.

Note J - Long-term Debt

Note J - Long-term Debt	9 Months Ended
	Mar. 27, 2020
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. On January 28, 2020, 3.00 1.00 4.00 1.00 December 27, 2019, 5.00 1.00 March 27, 2020, 4.00 1.00 June 30, 2020, 3.50 1.00 September 25, 2020 3.00 1.00 December 25, 2020. The Credit Agreement, including its amendments, is more fully described in the Company’s Annual Report filed on Form 10 June 30, 2019, 2 Long-term debt at March 27, 2020 June 30, 2019 March 27, 2020 June 30, 2019 Borrowings under the Credit Agreement Revolving loans $ 24,110 $ 22,666 Term loan (due March 2026) 18,500 19,500 Other 264 325 Subtotal 42,874 42,491 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 40,874 $ 40,491 During the three March 27, 2020, 3.67% 2.62% Other long-term debt pertains mainly to a financing arrangement in Europe. These liabilities carry terms of three five 7% 25%. $54 As of March 27, 2020, $42,427, $18,317 The Company’s borrowings described above approximate fair value at March 27, 2020 June 30, 2019. 2 On April 22, 2019, $20,000 March 4, 2026 March 27, 2020, $18,500. 815,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	9 Months Ended
	Mar. 27, 2020
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 March 27, 2020 not March 27, 2020 March 29, 2019. The following is a reconciliation of the Company’s equity balances for the first three 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 Net (loss) income (6,516 ) 50 (6,466 ) Translation adjustments 1,647 - 1,647 Benefit plan adjustments, net of tax 548 548 Unrealized income on cash flow hedge, net of tax 146 146 Compensation expense 248 248 Shares (acquired) issued, net (1,125 ) 1,124 (1 ) Balance, December 27, 2019 42,305 183,645 (38,230 ) (18,796 ) 561 169,485 Net (loss) income (25,230 ) 54 (25,176 ) Translation adjustments (1,257 ) (9 ) (1,266 ) Benefit plan adjustments, net of tax 1,593 1,593 Unrealized loss on cash flow hedge, net of tax (582 ) (582 ) Compensation expense (19 ) (19 ) Balance, March 27, 2020 $ 42,286 $ 158,415 $ (38,476 ) $ (18,796 ) $ 606 $ 144,035 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 2,861 41 2,902 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 44,044 188,660 (30,760 ) (24,005 ) 520 178,459 Net income 4,073 6 4,079 Translation adjustments (1,773 ) (13 ) (1,786 ) Benefit plan adjustments, net of tax 478 478 Compensation expense 590 590 Shares (acquired) issued, net (497 ) 520 23 Balance, December 28, 2018 44,137 192,733 (32,055 ) (23,485 ) 513 181,843 Net income 4,560 27 4,587 Translation adjustments (885 ) 16 (869 ) Benefit plan adjustments, net of tax 478 478 Compensation expense 603 603 Shares issued (acquired), net 15 (15 ) - Balance, March 29, 2019 $ 44,755 $ 197,293 $ (32,462 ) $ (23,500 ) $ 556 $ 186,642 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the quarters ended September 27, 2019, December 27, 2019, March 27, 2020, September 28, 2018, December 28, 2018 March 29, 2019 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 ) - - Amounts reclassified from accumulated other comprehensive income - 557 (143 ) Net current period other comprehensive (loss) income (3,014 ) 557 (143 ) Balance at September 27, 2019 1,425 (41,344 ) (652 ) Translation adjustment during the quarter 1,647 - - Amounts reclassified from accumulated other comprehensive income - 548 146 Net current period other comprehensive income 1,647 548 146 Balance at December 27, 2019 3,072 (40,796 ) (506 ) Translation adjustment during the quarter (1,257 ) - - Amounts reclassified from accumulated other comprehensive income - 1,593 (582 ) Net current period other comprehensive (loss) income (1,257 ) 1,593 (582 ) Balance at March 27, 2020 $ 1,815 $ (39,203 ) $ (1,088 ) 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 ) Translation adjustment during the quarter (1,773 ) - Amounts reclassified from accumulated other comprehensive income - 478 Net current period other comprehensive (loss) income (1,773 ) 478 Balance at December 28, 2018 4,776 (36,831 ) Translation adjustment during the quarter (885 ) - Amounts reclassified from accumulated other comprehensive income - 478 Net current period other comprehensive income (885 ) 478 Balance at March 29, 2019 $ 3,891 $ (36,353 ) Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter and three March 27, 2020 Amount Reclassified Amount Reclassified Quarter Ended Three Quarters Ended March 27, 2020 March 27, 2020 Changes in benefit plan items Actuarial losses $ 670 (a) $ 2,240 (a) Transition asset and prior service benefit (64 ) (a) (191 ) (a) Total amortization 606 2,049 Other benfefit plan adjustments (1,477 ) (1,477 ) Income taxes 490 828 Total reclassification net of tax $ 1,593 $ 2,698 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter and three March 29, 2019 Amount Reclassified Amount Reclassified Quarter Ended Three Quarters Ended March 29, 2019 March 29, 2019 Changes in benefit plan items Actuarial losses $ 614 (a) $ 1,835 (a) Transition asset and prior service benefit 10 (a) 29 (a) Total amortization 624 1,864 Income taxes 146 437 Total reclassification net of tax $ 478 $ 1,427 (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 and Other Operating Income	9 Months Ended
	Mar. 27, 2020
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	L. Restructuring of Operations and Other Operating Income The Company has implemented various restructuring programs in response to unfavorable macroeconomic trends in certain of the Company’s markets since the fourth 2015. These actions resulted in restructuring charges of $532 $1,717 three March 27, 2020, $131 $738 three March 29, 2019, Restructuring activities since June 2015 203 March 27, 2020 $12,169. During the second 2020, $2,185, $1,000. $3,185 three March 27, 2020. During the third 2019, $865, $492. $2,500 March 4, 2020. March 27, 2020, $500, $2,000 The following is a roll-forward of restructuring activity: Accrued restructuring liability, June 30, 2019 $ - Additions related to workforce reduction and reorganization programs 1,717 Additions related to contract termination 3,185 Payments, adjustments and write-offs during the year (4,531 ) Accrued restructuring liability, March 27, 2020 $ 371

Note M - Earnings Per Share

Note M - Earnings Per Share	9 Months Ended
	Mar. 27, 2020
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 For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Basic: Net (loss) income $ (25,176 ) $ 4,587 $ (37,935 ) $ 11,569 Less: Net earnings attributable to noncontrolling interest (54 ) (27 ) (122 ) (75 ) Less: Undistributed earnings attributable to unvested shares - (59 ) - (166 ) Net (loss) income available to Twin Disc shareholders (25,230 ) 4,501 (38,057 ) 11,328 Weighted average shares outstanding - basic 13,175 12,914 13,147 12,437 Basic (Loss) Income Per Share: Net (loss) income per share - basic $ (1.92 ) $ 0.35 $ (2.89 ) $ 0.91 Diluted: Net (loss) income $ (25,176 ) $ 4,587 $ (37,935 ) $ 11,569 Less: Net earnings attributable to noncontrolling interest (54 ) (27 ) (122 ) (75 ) Less: Undistributed earnings attributable to unvested shares - (59 ) - (166 ) Net (loss) income available to Twin Disc shareholders (25,230 ) 4,501 (38,057 ) 11,328 Weighted average shares outstanding - basic 13,175 12,914 13,147 12,437 Effect of dilutive stock awards - 232 - 215 Weighted average shares outstanding - diluted 13,175 13,146 13,147 12,652 Diluted (Loss) Income Per Share: Net (loss) income per share - diluted $ (1.92 ) $ 0.34 $ (2.89 ) $ 0.90 The following potential common shares were excluded from diluted EPS for the quarter and three March 27, 2020 214.0 231.4 38.0 The following potential common shares were excluded from diluted EPS for the quarter and three March 29, 2019 129.1 184.3 33.1 16.2, 3.2

Note N - Lease Liabilities

Note N - Lease Liabilities	9 Months Ended
	Mar. 27, 2020
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 For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Finance lease cost: Amortization of right-of-use assets $ 49 $ - $ 127 $ - Interest on lease liabilities 14 - 40 - Operating lease cost 789 872 2,384 2,603 Short-term lease cost 18 1 43 23 Variable lease cost 17 11 42 16 Total lease cost 887 884 2,636 2,642 Less: Sublease income (53 ) (2 ) (159 ) (18 ) Net lease cost $ 834 $ 882 $ 2,477 $ 2,624 Other information related to leases was as follows: For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 780 $ 824 $ 2,367 $ 2,548 Operating cash flows from finance leases 45 - 112 - Financing cash flows from finance leases 14 - 40 - Right-of-use-assets obtained in exchange for lease obligations: Operating leases 149 380 2,573 12,453 Finance leases 188 - 465 - Weighted average remaining lease term (years): Operating leases 10.9 11.7 Finance lease 4.3 - Weighted average discount rate: Operating leases 7.4 % 7.7 % Finance leases 6.6 % 0.0 % Approximate future minimum rental commitments under non-cancellable leases as of March 27, 2020 Operating Leases Finance Leases 2020 $ 746 $ 62 2021 2,570 249 2022 2,098 249 2023 1,946 241 2024 1,743 208 Thereafter 12,241 32 Total future lease payments 21,344 1,041 Less: Amount representing interest (6,941 ) (148 ) Present value of future payments $ 14,403 $ 893 The following table provides a summary of leases recorded on the condensed consolidated balance sheet. Balance Sheet Location March 27, 2020 June 30, 2019 Lease Assets Operating lease right-of-use assets Property, plant and equipment, net $ 14,391 $ 14,138 Finance lease right-of-use assets Property, plant and equipment, net 867 545 Lease Liabilities Operating lease liabilities Accrued liabilities $ 1,763 $ 1,933 Operating lease liabilities Lease obligations 12,640 12,197 Finance lease liabilities Accrued liabilities 193 104 Finance lease liabilities Lease obligations 700 449

Note O - Derivative Financial I

Note O - Derivative Financial Instruments	9 Months Ended
	Mar. 27, 2020
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 March 27, 2020, 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 $1,088 $509 March 27, 2020 June 30, 2019, The Company estimates that $362 twelve For eign Currency Forward Contracts The Company has no March 27, 2020 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 March 27, 2020 June 30, 2019 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 334 $ 122 Interest rate swap Other long-term liabilities 1,088 544 The impact of the Company’s derivative instruments on the consolidated statement of operations and comprehensive (loss) income for the quarter and three March 27, 2020 March 29, 2019, Statement of Comprehensive For the Quarter Ended For the Three Quarters Ended Income Location March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Derivative designated as hedge: Interest rate swap Interest expense $ 37 $ - $ 79 $ - Interest rate swap Unrealized loss on cash flow hedge (582 ) - (579 ) -

Note P - Subsequent Event

Note P - Subsequent Event	9 Months Ended
	Mar. 27, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	P. Subsequent Event On March 27, 2020, $349 eight On April 17, 2020, $8,200 two 1.0% six November 17, 2020, seven In connection with the Loan, the Company entered into a fourth 1 2 not

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 27, 2020
Accounting Policies [Abstract]
Effect of Covid-19 Pandemic, Policy [Policy Text Block]	Recent events In March 2020, 19 19 As a result of the COVID- 19 March 2020, one two thirteen Aside from operational impacts and its results on our operations during the quarter, the occurrence of the COVID- 19 As described further in Note I, Goodwill and Other Intangibles, the Company recorded significant non-cash impairment charges during the quarter. While the Company continues to have a positive outlook of its operations in Europe, both in the European Propulsion and European Industrial reporting units, and remains committed to supporting those operations, the adverse economic effects of the COVID- 19 not $27,603. The full impact of the COVID- 19 2,
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 In December 2019, 2019 12 December 15, 2020 ( 2022 In March 2020, 2020 04 March 12, 2020, may December 31, 2022. Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550, any and accordingly, it has scaled some of its disclosures of financial and non-financial information in this quarterly report. The Company will continue to determine whether to provide additional scaled disclosures of financial or non-financial information in future quarterly reports, annual reports and/or proxy statements if it remains a smaller reporting company under SEC rules.

Note B - Inventories (Tables)

Note B - Inventories (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 27, 2020 June 30, 2019 Inventories: Finished parts $ 64,066 $ 57,682 Work in process 22,024 23,812 Raw materials 41,525 44,399 $ 127,615 $ 125,893

Note C - Warranty (Tables)

Note C - Warranty (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Reserve balance, beginning of period $ 5,775 $ 3,843 $ 3,736 $ 4,407 Current period expense and adjustments 3,127 670 9,255 2,084 Payments or credits to customers (2,973 ) (742 ) (7,039 ) (2,688 ) Translation (9 ) (21 ) (32 ) (53 ) Reserve balance, end of period $ 5,920 $ 3,750 $ 5,920 $ 3,750

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Net sales Manufacturing segment sales $ 58,877 $ 71,374 $ 170,611 $ 211,273 Distribution segment sales 28,387 27,547 72,839 77,557 Inter/Intra segment elimination – manufacturing (13,993 ) (16,272 ) (42,928 ) (45,953 ) Inter/Intra segment elimination – distribution (4,635 ) (5,229 ) (13,060 ) (12,661 ) $ 68,636 $ 77,420 $ 187,462 $ 230,216 Net (loss) income attributable to Twin Disc Manufacturing segment net (loss) income $ (26,859 ) $ 6,350 $ (34,650 ) $ 21,509 Distribution segment net income 991 (498 ) 2,925 935 Corporate and eliminations 638 (1,292 ) (6,332 ) (10,950 ) $ (25,230 ) $ 4,560 $ (38,057 ) $ 11,494
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets March 27, 2020 June 30, 2019 Manufacturing segment assets $ 365,884 $ 384,612 Distribution segment assets 47,334 46,076 Corporate assets and elimination of intercompany assets (112,058 ) (83,818 ) $ 301,160 $ 346,870
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,709 $ 1,760 $ (619 ) $ 6,850 Land-based transmissions 15,185 9,051 (6,599 ) 17,637 Marine and propulsion systems 37,968 15,817 (11,409 ) 42,376 Other 15 1,759 (1 ) 1,773 Total $ 58,877 $ 28,387 $ (18,628 ) $ 68,636 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 8,149 $ 2,457 $ (1,070 ) $ 9,536 Land-based transmissions 27,133 8,309 (8,538 ) 26,904 Marine and propulsion systems 36,076 15,573 (11,908 ) 39,741 Other 16 1,208 15 1,239 Total $ 71,374 $ 27,547 $ (21,501 ) $ 77,420 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 18,409 $ 4,712 $ (2,183 ) $ 20,938 Land-based transmissions 49,159 20,769 (21,466 ) 48,462 Marine and propulsion systems 102,988 43,445 (32,337 ) 114,096 Other 55 3,913 (2 ) 3,966 Total $ 170,611 $ 72,839 $ (55,988 ) $ 187,462 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 22,883 $ 6,434 $ (3,619 ) $ 25,698 Land-based transmissions 86,876 20,765 (21,322 ) 86,319 Marine and propulsion systems 101,464 46,037 (33,629 ) 113,872 Other 50 4,321 (44 ) 4,327 Total $ 211,273 $ 77,557 $ (58,614 ) $ 230,216

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Net Funded Status [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Pension Benefits: Service cost $ 205 $ 242 $ 612 $ 739 Interest cost 909 1,095 2,703 3,270 Expected return on plan assets (1,245 ) (1,329 ) (3,733 ) (3,992 ) Amortization of transition obligation 9 9 26 26 Amortization of prior service cost (4 ) 1 (11 ) 3 Amortization of actuarial net loss 673 678 2,241 2,033 Net periodic benefit cost $ 547 $ 696 $ 1,838 $ 2,079 Postretirement Benefits: Service cost $ 4 $ 5 $ 13 $ 14 Interest cost 55 76 164 228 Amortization of prior service cost (69 ) - (206 ) - Amortization of actuarial net loss - (69 ) - (206 ) Net periodic benefit (gain) cost $ (10 ) $ 12 $ (29 ) $ 36

Note I - Goodwill and Other I_2

Note I - Goodwill and Other Intangibles (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Goodwill [Table Text Block]	Net Book Value Rollforward By Reporting Unit Gross Carrying Amount Accumulated Impairment Net Book Value European Propulsion European Industrial Balance at June 30, 2019 $ 39,776 $ (13,822 ) $ 25,954 $ 23,371 $ 2,583 Impairment - (25,380 ) (25,380 ) (22,822 ) (2,558 ) Translation adjustment (574 ) - (574 ) (549 ) (25 ) Balance at March 27, 2020 $ 39,202 $ (39,202 ) $ - $ - $ -
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 78 - 78 - - - 78 Amortization - (3,420 ) (3,420 ) (2,252 ) (854 ) (190 ) (124 ) Impairment - (1,306 ) (1,306 ) - - (1,080 ) (226 ) Translation adjustment (580 ) - (580 ) (381 ) (150 ) (44 ) (5 ) Balance at March 27, 2020 $ 39,085 $ (19,160 ) $ 19,925 $ 12,210 $ 6,021 $ 1,419 $ 275
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2020 $ 1,112 2021 3,153 2022 2,969 2023 2,809 2024 2,641 2025 2,473

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Debt [Table Text Block]	March 27, 2020 June 30, 2019 Borrowings under the Credit Agreement Revolving loans $ 24,110 $ 22,666 Term loan (due March 2026) 18,500 19,500 Other 264 325 Subtotal 42,874 42,491 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 40,874 $ 40,491

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	9 Months Ended
	Mar. 27, 2020
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 Net (loss) income (6,516 ) 50 (6,466 ) Translation adjustments 1,647 - 1,647 Benefit plan adjustments, net of tax 548 548 Unrealized income on cash flow hedge, net of tax 146 146 Compensation expense 248 248 Shares (acquired) issued, net (1,125 ) 1,124 (1 ) Balance, December 27, 2019 42,305 183,645 (38,230 ) (18,796 ) 561 169,485 Net (loss) income (25,230 ) 54 (25,176 ) Translation adjustments (1,257 ) (9 ) (1,266 ) Benefit plan adjustments, net of tax 1,593 1,593 Unrealized loss on cash flow hedge, net of tax (582 ) (582 ) Compensation expense (19 ) (19 ) Balance, March 27, 2020 $ 42,286 $ 158,415 $ (38,476 ) $ (18,796 ) $ 606 $ 144,035 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 2,861 41 2,902 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 44,044 188,660 (30,760 ) (24,005 ) 520 178,459 Net income 4,073 6 4,079 Translation adjustments (1,773 ) (13 ) (1,786 ) Benefit plan adjustments, net of tax 478 478 Compensation expense 590 590 Shares (acquired) issued, net (497 ) 520 23 Balance, December 28, 2018 44,137 192,733 (32,055 ) (23,485 ) 513 181,843 Net income 4,560 27 4,587 Translation adjustments (885 ) 16 (869 ) Benefit plan adjustments, net of tax 478 478 Compensation expense 603 603 Shares issued (acquired), net 15 (15 ) - Balance, March 29, 2019 $ 44,755 $ 197,293 $ (32,462 ) $ (23,500 ) $ 556 $ 186,642
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 ) - - Amounts reclassified from accumulated other comprehensive income - 557 (143 ) Net current period other comprehensive (loss) income (3,014 ) 557 (143 ) Balance at September 27, 2019 1,425 (41,344 ) (652 ) Translation adjustment during the quarter 1,647 - - Amounts reclassified from accumulated other comprehensive income - 548 146 Net current period other comprehensive income 1,647 548 146 Balance at December 27, 2019 3,072 (40,796 ) (506 ) Translation adjustment during the quarter (1,257 ) - - Amounts reclassified from accumulated other comprehensive income - 1,593 (582 ) Net current period other comprehensive (loss) income (1,257 ) 1,593 (582 ) Balance at March 27, 2020 $ 1,815 $ (39,203 ) $ (1,088 ) 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 ) Translation adjustment during the quarter (1,773 ) - Amounts reclassified from accumulated other comprehensive income - 478 Net current period other comprehensive (loss) income (1,773 ) 478 Balance at December 28, 2018 4,776 (36,831 ) Translation adjustment during the quarter (885 ) - Amounts reclassified from accumulated other comprehensive income - 478 Net current period other comprehensive income (885 ) 478 Balance at March 29, 2019 $ 3,891 $ (36,353 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Amount Reclassified Quarter Ended Three Quarters Ended March 27, 2020 March 27, 2020 Changes in benefit plan items Actuarial losses $ 670 (a) $ 2,240 (a) Transition asset and prior service benefit (64 ) (a) (191 ) (a) Total amortization 606 2,049 Other benfefit plan adjustments (1,477 ) (1,477 ) Income taxes 490 828 Total reclassification net of tax $ 1,593 $ 2,698 Amount Reclassified Amount Reclassified Quarter Ended Three Quarters Ended March 29, 2019 March 29, 2019 Changes in benefit plan items Actuarial losses $ 614 (a) $ 1,835 (a) Transition asset and prior service benefit 10 (a) 29 (a) Total amortization 624 1,864 Income taxes 146 437 Total reclassification net of tax $ 478 $ 1,427

Note L - Restructuring of Ope_2

Note L - Restructuring of Operations and Other Operating Income (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2019 $ - Additions related to workforce reduction and reorganization programs 1,717 Additions related to contract termination 3,185 Payments, adjustments and write-offs during the year (4,531 ) Accrued restructuring liability, March 27, 2020 $ 371

Note M - Earnings Per Share (Ta

Note M - Earnings Per Share (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Basic: Net (loss) income $ (25,176 ) $ 4,587 $ (37,935 ) $ 11,569 Less: Net earnings attributable to noncontrolling interest (54 ) (27 ) (122 ) (75 ) Less: Undistributed earnings attributable to unvested shares - (59 ) - (166 ) Net (loss) income available to Twin Disc shareholders (25,230 ) 4,501 (38,057 ) 11,328 Weighted average shares outstanding - basic 13,175 12,914 13,147 12,437 Basic (Loss) Income Per Share: Net (loss) income per share - basic $ (1.92 ) $ 0.35 $ (2.89 ) $ 0.91 Diluted: Net (loss) income $ (25,176 ) $ 4,587 $ (37,935 ) $ 11,569 Less: Net earnings attributable to noncontrolling interest (54 ) (27 ) (122 ) (75 ) Less: Undistributed earnings attributable to unvested shares - (59 ) - (166 ) Net (loss) income available to Twin Disc shareholders (25,230 ) 4,501 (38,057 ) 11,328 Weighted average shares outstanding - basic 13,175 12,914 13,147 12,437 Effect of dilutive stock awards - 232 - 215 Weighted average shares outstanding - diluted 13,175 13,146 13,147 12,652 Diluted (Loss) Income Per Share: Net (loss) income per share - diluted $ (1.92 ) $ 0.34 $ (2.89 ) $ 0.90

Note N - Lease Liabilities (Tab

Note N - Lease Liabilities (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Lease, Cost [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Finance lease cost: Amortization of right-of-use assets $ 49 $ - $ 127 $ - Interest on lease liabilities 14 - 40 - Operating lease cost 789 872 2,384 2,603 Short-term lease cost 18 1 43 23 Variable lease cost 17 11 42 16 Total lease cost 887 884 2,636 2,642 Less: Sublease income (53 ) (2 ) (159 ) (18 ) Net lease cost $ 834 $ 882 $ 2,477 $ 2,624
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 780 $ 824 $ 2,367 $ 2,548 Operating cash flows from finance leases 45 - 112 - Financing cash flows from finance leases 14 - 40 - Right-of-use-assets obtained in exchange for lease obligations: Operating leases 149 380 2,573 12,453 Finance leases 188 - 465 - Weighted average remaining lease term (years): Operating leases 10.9 11.7 Finance lease 4.3 - Weighted average discount rate: Operating leases 7.4 % 7.7 % Finance leases 6.6 % 0.0 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2020 $ 746 $ 62 2021 2,570 249 2022 2,098 249 2023 1,946 241 2024 1,743 208 Thereafter 12,241 32 Total future lease payments 21,344 1,041 Less: Amount representing interest (6,941 ) (148 ) Present value of future payments $ 14,403 $ 893
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location March 27, 2020 June 30, 2019 Lease Assets Operating lease right-of-use assets Property, plant and equipment, net $ 14,391 $ 14,138 Finance lease right-of-use assets Property, plant and equipment, net 867 545 Lease Liabilities Operating lease liabilities Accrued liabilities $ 1,763 $ 1,933 Operating lease liabilities Lease obligations 12,640 12,197 Finance lease liabilities Accrued liabilities 193 104 Finance lease liabilities Lease obligations 700 449

Note O - Derivative Financial_2

Note O - Derivative Financial Instruments (Tables)	9 Months Ended
	Mar. 27, 2020
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location March 27, 2020 June 30, 2019 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 334 $ 122 Interest rate swap Other long-term liabilities 1,088 544
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Comprehensive For the Quarter Ended For the Three Quarters Ended Income Location March 27, 2020 March 29, 2019 March 27, 2020 March 29, 2019 Derivative designated as hedge: Interest rate swap Interest expense $ 37 $ - $ 79 $ - Interest rate swap Unrealized loss on cash flow hedge (582 ) - (579 ) -

Note A - Basis of Presentation

Note A - Basis of Presentation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Goodwill and Intangible Asset Impairment, Total	$ 27,603		$ 27,603

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Mar. 27, 2020	Jun. 30, 2019
Finished parts	$ 64,066	$ 57,682
Work in process	22,024	23,812
Raw materials	41,525	44,399
Total inventories	$ 127,615	$ 125,893

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 27, 2020	Mar. 27, 2020	Mar. 29, 2019
Product Warranty Expense	$ 2,234	$ 6,123
Product Warranty Accrual, Current	5,053	5,053	$ 2,983
Product Warranty Accrual, Noncurrent	$ 867	$ 867	$ 767

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Reserve balance	$ 5,775	$ 3,843	$ 3,736	$ 4,407
Current period expense and adjustments	3,127	670	9,255	2,084
Payments or credits to customers	(2,973)	(742)	(7,039)	(2,688)
Translation	(9)	(21)	(32)	(53)
Reserve balance	$ 5,920	$ 3,750	$ 5,920	$ 3,750

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	9 Months Ended
	Mar. 27, 2020
Number of Reportable Segments	2

Note E - Business Segments - Re

Note E - Business Segments - Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Net sales	$ 68,636	$ 77,420	$ 187,462	$ 230,216
Net income (loss)	(25,230)	4,560	(38,057)	11,494
Intersegment Eliminations [Member]
Net sales	(18,628)	(21,501)	(55,988)	(58,614)
Corporate, Non-Segment [Member]
Net income (loss)	638	(1,292)	(6,332)	(10,950)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	58,877	71,374	170,611	211,273
Net income (loss)	(26,859)	6,350	(34,650)	21,509
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(13,993)	(16,272)	(42,928)	(45,953)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	28,387	27,547	72,839	77,557
Net income (loss)	991	(498)	2,925	935
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (4,635)	$ (5,229)	$ (13,060)	$ (12,661)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 27, 2020	Jun. 30, 2019
Segment Assets	$ 301,160	$ 346,870
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	365,884	384,612
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	47,334	46,076
Corporate, Non-Segment [Member]
Segment Assets	$ (112,058)	$ (83,818)

Note E - Business Segments - Ne

Note E - Business Segments - Net Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Net Sales	$ 68,636	$ 77,420	$ 187,462	$ 230,216
Intersegment Eliminations [Member]
Net Sales	(18,628)	(21,501)	(55,988)	(58,614)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	58,877	71,374	170,611	211,273
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(13,993)	(16,272)	(42,928)	(45,953)
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	28,387	27,547	72,839	77,557
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(4,635)	(5,229)	(13,060)	(12,661)
Industrial [Member]
Net Sales	6,850	9,536	20,938	25,698
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(619)	(1,070)	(2,183)	(3,619)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	5,709	8,149	18,409	22,883
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	1,760	2,457	4,712	6,434
Land Based Transmissions [Member]
Net Sales	17,637	26,904	48,462	86,319
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(6,599)	(8,538)	(21,466)	(21,322)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	15,185	27,133	49,159	86,876
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	9,051	8,309	20,769	20,765
Marine and Propulsion Systems [Member]
Net Sales	42,376	39,741	114,096	113,872
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(11,409)	(11,908)	(32,337)	(33,629)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	37,968	36,076	102,988	101,464
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	15,817	15,573	43,445	46,037
Other [Member]
Net Sales	1,773	1,239	3,966	4,327
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(1)	15	(2)	(44)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	15	16	55	50
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 1,759	$ 1,208	$ 3,913	$ 4,321

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Performance Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	131,700	42,300
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	184,800	67,000	184,800	67,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	214,000	188,000	214,000	188,000
Share-based Payment Arrangement, Expense	$ (439)	$ 240	$ (419)	$ 1,028
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 15.24		$ 15.24
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 2,794		$ 2,794
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 (in shares)			180,400	35,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	231,400	184,300	231,400	184,300
Share-based Payment Arrangement, Expense	$ 338	$ 280	$ 862	$ 796
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,644		1,644
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 1,241	$ 2,102
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)			20,500	3,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			3 years
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			1 year
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	38,000	38,000	38,000	38,000
Share-based Payment Arrangement, Expense	$ 82	$ 81	$ 245	$ 217
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 25.77		$ 25.77
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 435		$ 435
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years

Note G - Pension and Other Po_3

Note G - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ 1,593	$ 478	$ 2,698	$ 1,427
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	490	$ 146	828	$ 437
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	1,936		$ 1,936
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 1,134

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		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Pension Plan [Member]
Service cost	$ 205	$ 242	$ 612	$ 739
Interest cost	909	1,095	2,703	3,270
Expected return on plan assets	1,245	1,329	3,733	3,992
Amortization of transition obligation	(9)	(9)	(26)	(26)
Amortization of prior service cost	(4)	1	(11)	3
Amortization of actuarial net loss	673	678	2,241	2,033
Net periodic benefit cost	547	696	1,838	2,079
Other Postretirement Benefits Plan [Member]
Service cost	4	5	13	14
Interest cost	55	76	164	228
Amortization of prior service cost	(69)		(206)
Amortization of actuarial net loss		(69)		(206)
Net periodic benefit cost	$ (10)	$ 12	$ (29)	$ 36

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019	Jun. 30, 2019
Effective Income Tax Rate Reconciliation, Percent, Total			8.90%	24.60%
Effective Income Tax Rate Reconciliation, GILTI benefit, Percent			2.66%		0.67%
Effective Income Tax Rate Reconciliation, GILTI Inclusion, Amount			$ 5,310
Goodwill and Intangible Asset Impairment, Total	$ 27,603		$ 27,603
Effective Income Tax Rate Reconciliation, Goodwill and Intangible Assets Impairment, Percent			13.79%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 1,121		$ 1,121
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

Note I - Goodwill and Other I_3

Note I - Goodwill and Other Intangibles (Details Textual) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 27, 2020USD ($)	Dec. 27, 2019	Mar. 29, 2019USD ($)	Mar. 27, 2020USD ($)	Mar. 29, 2019USD ($)	Mar. 30, 2020	Jun. 30, 2019USD ($)
Goodwill, Impairment Loss, Net of Tax	$ 25,380			$ 25,380
Impairment of Intangible Assets, Finite-lived				2,223
Goodwill and Intangible Asset Impairment, Total	27,603			27,603
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)		9 years
Amortization of Intangible Assets, Total	1,148		$ 746	3,420	$ 1,995
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	0			0			$ 200
Subsequent Event [Member] | Measurement Input, Discount Rate [Member]
Goodwill, Impairment, Weighted Average Discount Rate						0.13
European Propulsion [Member]
Goodwill, Impairment Loss, Net of Tax	22,822			22,822
Income Tax Expense (Benefit), Total	$ 1,275
European Industrial Reporting Unit [Member]
Goodwill, Impairment Loss, Net of Tax				$ 2,558

Note I - Goodwill and Other I_4

Note I - Goodwill and Other Intangibles - Goodwill Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 27, 2020	Mar. 27, 2020	Jun. 30, 2019
Balance, goodwill gross carrying amount		$ 39,776
Balance, goodwill accumulated impairment	$ (39,202)	(39,202)	$ (13,822)
Balance, goodwill net book value		25,954
Impairment, goodwill accumulated impairment	(25,380)	(25,380)
Translation adjustment, goodwill gross carrying amount		(574)
Translation adjustment, goodwill net book value		(574)
Balance, goodwill gross carrying amount	39,202	39,202
Balance, goodwill net book value
European Propulsion [Member]
Balance, goodwill net book value		23,371
Impairment, goodwill accumulated impairment	(22,822)	(22,822)
Translation adjustment, goodwill gross carrying amount		(549)
Translation adjustment, goodwill net book value		(549)
Balance, goodwill net book value
European Industrial [Member]
Balance, goodwill net book value		2,583
Impairment, goodwill accumulated impairment		(2,558)
Translation adjustment, goodwill gross carrying amount		(25)
Translation adjustment, goodwill net book value		(25)
Balance, goodwill net book value

Note I - Goodwill and Other I_5

Note I - Goodwill and Other Intangibles - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Balance, Definite Intangible Assets Gross Carrying Amount			$ 39,587
Balance, Definite Intangible Assets Accumulated Amortization/Impairment			(14,434)
Balance at June 30, Definite Intangible Assets Net Book Value			25,153
Additions, Definite Intangible Assets Gross Carrying Amount			78
Additions, Definite Intangible Assets Net Book Value			78
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment	$ (1,148)	$ (746)	(3,420)	$ (1,995)
Amortization, Definite Intangible Assets Net Book Value	(1,148)	$ (746)	(3,420)	$ (1,995)
Impairment, Definite Intangible Assets Accumulated Amortization/Impairment			(1,306)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount			(580)
Translation adjustment, Definite Intangible Assets Net Book Value			(580)
Balance, Definite Intangible Assets Gross Carrying Amount	39,085		39,085
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(19,160)		(19,160)
Balance at June 30, Definite Intangible Assets Net Book Value	19,925		19,925
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			14,843
Additions, Definite Intangible Assets Net Book Value
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment			(2,252)
Amortization, Definite Intangible Assets Net Book Value			(2,252)
Impairment, Definite Intangible Assets Accumulated Amortization/Impairment
Translation adjustment, Definite Intangible Assets Net Book Value			(381)
Balance at June 30, Definite Intangible Assets Net Book Value	12,210		12,210
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			7,025
Additions, Definite Intangible Assets Net Book Value
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment			(854)
Amortization, Definite Intangible Assets Net Book Value			(854)
Impairment, Definite Intangible Assets Accumulated Amortization/Impairment
Translation adjustment, Definite Intangible Assets Net Book Value			(150)
Balance at June 30, Definite Intangible Assets Net Book Value	6,021		6,021
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			2,733
Additions, Definite Intangible Assets Net Book Value
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment			(190)
Amortization, Definite Intangible Assets Net Book Value			(190)
Impairment, Definite Intangible Assets Accumulated Amortization/Impairment			(1,080)
Translation adjustment, Definite Intangible Assets Net Book Value			(44)
Balance at June 30, Definite Intangible Assets Net Book Value	1,419		1,419
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			552
Additions, Definite Intangible Assets Net Book Value			78
Amortization, Definite Intangible Assets Accumulated Amortization/Impairment			(124)
Amortization, Definite Intangible Assets Net Book Value			(124)
Impairment, Definite Intangible Assets Accumulated Amortization/Impairment			(226)
Translation adjustment, Definite Intangible Assets Net Book Value			(5)
Balance at June 30, Definite Intangible Assets Net Book Value	$ 275		$ 275

Note I - Goodwill and Other I_6

Note I - Goodwill and Other Intangibles - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Mar. 27, 2020USD ($)
2020	$ 1,112
2021	3,153
2022	2,969
2023	2,809
2024	2,641
2025	$ 2,473

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) $ in Thousands	Apr. 22, 2019USD ($)	Jun. 29, 2018USD ($)	Mar. 27, 2020USD ($)	Mar. 27, 2020USD ($)	Dec. 27, 2019	Mar. 27, 2020USD ($)	Dec. 25, 2020	Sep. 25, 2020	Jun. 30, 2020	Dec. 26, 2019
Principal Paid on Sale Leaseback Liabilities			$ 54
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	$ 20,000		$ 18,500	$ 18,500		$ 18,500
Maximum [Member]
Sale Leaseback Transactions, Term (Year)						5 years
Sale Leaseback Transactions, Implied Interest Rate			25.00%	25.00%		25.00%
Minimum [Member]
Sale Leaseback Transactions, Term (Year)					3 years	3 years
Sale Leaseback Transactions, Implied Interest Rate			7.00%	7.00%		7.00%
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000
Debt Instrument, Interest Rate During Period				2.62%
Line of Credit Facility, Current Borrowing Capacity			$ 42,427	$ 42,427		$ 42,427
Line of Credit Facility, Remaining Borrowing Capacity			$ 18,317	$ 18,317		$ 18,317
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Instrument, Periodic Payment, Total		$ 500
Debt Instrument, Interest Rate During Period				3.67%
Debt Instrument, Maturity Date	Mar. 4, 2026
BMO [Member] | The 2018 Credit Agreement Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Allowable Ratio, Current Quarter			5	5	4	5				3
BMO [Member] | The 2018 Credit Agreement Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member] | Forecast [Member]
Debt Instrument, Covenant, Allowable Ratio, Current Quarter							3	3.5	4

Note J - Long-term Debt - Long-

Note J - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 27, 2020	Jun. 30, 2019
Long-term debt	$ 42,874	$ 42,491
Less: current maturities	(2,000)	(2,000)
Total long-term debt	40,874	40,491
Revolving Loan [Member]
Long-term debt	24,110	22,666
Term Loan [Member]
Long-term debt	18,500	19,500
Other Long-Term Debt [Member]
Long-term debt	$ 264	$ 325

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - shares shares in Thousands	3 Months Ended
	Mar. 27, 2020	Mar. 29, 2019
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)	315
Treasury Stock, Shares, Acquired (in shares)	0	0

Note K - Shareholders' Equity -

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 27, 2020	Dec. 27, 2019	Sep. 27, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Mar. 27, 2020	Mar. 29, 2019
Balance	$ 169,485	$ 173,363	$ 182,818	$ 181,843	$ 178,459	$ 143,616	$ 182,818	$ 143,616
Net income (loss)	(25,176)	(6,466)	(6,293)	4,587	4,079	2,902	(37,935)	11,569
Translation adjustments	(1,266)	1,647	(2,996)	(869)	(1,786)	(561)	(2,615)	(3,217)
Benefit plan adjustments, net of tax	1,593	548	557	478	478	471	2,698	1,427
Unrealized loss on cash flow hedge, net of tax	(582)	146	(143)				(579)
Cash dividends			(127)			(115)
Compensation expense	(19)	248	459	603	590	850
Shares (acquired) issued, net		(1)	(912)		23	(914)
Net (loss) income	(25,176)	(6,466)	(6,293)	4,587	4,079	2,902	(37,935)	11,569
Translation adjustment during the quarter	(1,266)	1,647	(2,996)	(869)	(1,786)	(561)	(2,615)	(3,217)
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively	1,593	548	557	478	478	471	2,698	1,427
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively	(582)	146	(143)				(579)
Balance	144,035	169,485	173,363	186,642	181,843	178,459	144,035	186,642
Release stranded tax effects
Common stock issued, net						32,210
Common Stock [Member]
Balance	42,305	43,182	45,047	44,137	44,044	11,570	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	(19)	248	459	603	590	850
Shares (acquired) issued, net		(1,125)	(2,324)	15	(497)	(586)
Net (loss) income
Translation adjustment during the quarter
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively
Balance	42,286	42,305	43,182	44,755	44,137	44,044	42,286	44,755
Release stranded tax effects
Common stock issued, net						32,210
Retained Earnings [Member]
Balance	183,645	190,161	196,472	192,733	188,660	178,896	196,472	178,896
Net income (loss)	(25,230)	(6,516)	(6,311)	4,560	4,073	2,861
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
Net (loss) income	(25,230)	(6,516)	(6,311)	4,560	4,073	2,861
Translation adjustment during the quarter
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively
Balance	158,415	183,645	190,161	197,293	192,733	188,660	158,415	197,293
Release stranded tax effects						6,903
Common stock issued, net
AOCI Attributable to Parent [Member]
Balance	(38,230)	(40,571)	(37,971)	(32,055)	(30,760)	(23,792)	(37,971)	(23,792)
Net income (loss)
Translation adjustments	(1,257)	1,647	(3,014)	(885)	(1,773)	(536)
Benefit plan adjustments, net of tax	1,593	548	557	478	478	471
Unrealized loss on cash flow hedge, net of tax	(582)	146	(143)
Cash dividends
Compensation expense
Shares (acquired) issued, net
Net (loss) income
Translation adjustment during the quarter	(1,257)	1,647	(3,014)	(885)	(1,773)	(536)
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively	1,593	548	557	478	478	471
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively	(582)	146	(143)
Balance	(38,476)	(38,230)	(40,571)	(32,462)	(32,055)	(30,760)	(38,476)	(32,462)
Release stranded tax effects						(6,903)
Common stock issued, net
Treasury Stock [Member]
Balance	(18,796)	(19,920)	(21,332)	(23,485)	(24,005)	(23,677)	(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		1,124	1,412	(15)	520	(328)
Net (loss) income
Translation adjustment during the quarter
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively
Balance	(18,796)	(18,796)	(19,920)	(23,500)	(23,485)	(24,005)	(18,796)	(23,500)
Release stranded tax effects
Common stock issued, net
Noncontrolling Interest [Member]
Balance	561	511	602	513	520	619	602	619
Net income (loss)	54	50	18	27	6	41
Translation adjustments	(9)		18	16	(13)	(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
Net (loss) income	54	50	18	27	6	41
Translation adjustment during the quarter	(9)		18	16	(13)	(25)
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively
Balance	$ 606	$ 561	$ 511	$ 556	$ 513	520	$ 606	$ 556
Release stranded tax effects
Common stock issued, net

Note K - Stockholders' Equity -

Note K - Stockholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 27, 2020	Dec. 27, 2019	Sep. 27, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Mar. 27, 2020	Mar. 29, 2019
Balance	$ 169,485	$ 173,363	$ 182,818	$ 181,843	$ 178,459	$ 143,616	$ 182,818	$ 143,616
Translation adjustment during the quarter	(1,266)	1,647	(2,996)	(869)	(1,786)	(561)	(2,615)	(3,217)
Balance	144,035	169,485	173,363	186,642	181,843	178,459	144,035	186,642
Release stranded tax effects
Translation adjustment during the quarter	(1,266)	1,647	(2,996)	(869)	(1,786)	(561)	(2,615)	(3,217)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	3,072	1,425	4,439	4,776	6,549	7,085	4,439	7,085
Translation adjustment during the quarter	(1,257)	1,647	(3,014)	(885)	(1,773)	(536)
Amounts reclassified from accumulated other comprehensive income
Net current period other comprehensive (loss) income	(1,257)	1,647	(3,014)	(885)	(1,773)	(536)
Balance	1,815	3,072	1,425	3,891	4,776	6,549	1,815	3,891
Release stranded tax effects
Translation adjustment during the quarter	(1,257)	1,647	(3,014)	(885)	(1,773)	(536)
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(40,796)	(41,344)	(41,901)	(36,831)	(37,309)	(30,877)	(41,901)	(30,877)
Translation adjustment during the quarter
Amounts reclassified from accumulated other comprehensive income	1,593	548	557	478	478	471
Net current period other comprehensive (loss) income	1,593	548	557	478	478	(6,432)
Balance	(39,203)	(40,796)	(41,344)	(36,353)	(36,831)	(37,309)	(39,203)	$ (36,353)
Release stranded tax effects						(6,903)
Translation adjustment during the quarter
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(506)	(652)	(509)				(509)
Translation adjustment during the quarter
Amounts reclassified from accumulated other comprehensive income	(582)	146	(143)
Net current period other comprehensive (loss) income	(582)	146	(143)
Balance	(1,088)	(506)	(652)				$ (1,088)
Translation adjustment during the quarter

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						9 Months Ended
		Mar. 27, 2020	Dec. 27, 2019	Sep. 27, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Mar. 27, 2020	Mar. 29, 2019
Income tax (benefit) expense		$ (3,145)			$ 1,442			$ (3,722)	$ 3,780
Net (loss) income		(25,176)	$ (6,466)	$ (6,293)	4,587	$ 4,079	$ 2,902	(37,935)	11,569
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	[1]	670			614			2,240	1,835
Transition asset and prior service benefit	[1]	(64)			10			(191)	29
Total amortization		606			624			2,049	1,864
Other benfefit plan adjustments		(1,477)						(1,477)
Income tax (benefit) expense		490			146			828	437
Net (loss) income		1,593			478			2,698	1,427
Total amortization		$ 606			$ 624			$ 2,049	$ 1,864
[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 and Other Operating Income (Details Textual) $ in Thousands	3 Months Ended			9 Months Ended		58 Months Ended
	Mar. 27, 2020USD ($)	Dec. 27, 2019USD ($)	Mar. 29, 2019USD ($)	Mar. 27, 2020USD ($)	Mar. 29, 2019USD ($)	Mar. 27, 2020USD ($)	Mar. 04, 2020USD ($)
Restructuring Charges, Total	$ 532		$ 131	$ 4,902	$ 738	$ 12,169
Restructuring and Related Cost, Number of Positions Eliminated						203
Payments for Restructuring				4,531
Gain (Loss) on Disposition of Business					865
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset					492
Buyer of Mill Log [Member]
Financing Receivable, before Allowance for Credit Loss, Total							$ 2,500
Proceeds from Collection of Notes Receivable	500
Buyer of Mill Log [Member] | Other Current Assets [Member]
Financing Receivable, before Allowance for Credit Loss, Total	2,000			2,000		$ 2,000
Veth Propulsion [Member]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset			(492)
Discontinued Operations, Disposed of by Sale [Member] | Mill Log Business [Member]
Gain (Loss) on Disposition of Business					865
Employee Severance [Member]
Restructuring Charges, Total	$ 532		$ 131	1,717	$ 738
Contract Termination [Member]
Restructuring Charges, Total				3,185
Contract Termination [Member] | Manufacturing Segment [Member]
Restructuring Charges, Total				$ 3,185
Restructuring Reserve, Settled without Cash		$ 2,185
Payments for Restructuring		$ 1,000

Note L - Restructuring of Ope_4

Note L - Restructuring of Operations and Other Operating Income- Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		58 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Jun. 30, 2019
Accrued restructuring liability	$ 371		$ 371		$ 371
Additions	532	$ 131	4,902	$ 738	$ 12,169
Payments, adjustments and write-offs during the year			(4,531)
Employee Severance [Member]
Additions	$ 532	$ 131	1,717	$ 738
Contract Termination [Member]
Additions			$ 3,185

Note M - Earnings Per Share (De

Note M - Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	214,000	129,100	214,000	129,100
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	231,400	184,300	231,400	184,300
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	38,000	33,100	38,000	16,200
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)		3,200		3,200

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						9 Months Ended
	Mar. 27, 2020	Dec. 27, 2019	Sep. 27, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Mar. 27, 2020	Mar. 29, 2019
Basic:
Net (loss) income	$ (25,176)	$ (6,466)	$ (6,293)	$ 4,587	$ 4,079	$ 2,902	$ (37,935)	$ 11,569
Less: Net earnings attributable to noncontrolling interest	(54)			(27)			(122)	(75)
Less: Undistributed earnings attributable to unvested shares				(59)				(166)
Net (loss) income available to Twin Disc shareholders	$ (25,230)			$ 4,501			$ (38,057)	$ 11,328
Weighted average shares outstanding - basic (in shares)	13,175			12,914			13,147	12,437
Basic (Loss) Income Per Share:
Net (loss) income per share - basic (in dollars per share)	$ (1.92)			$ 0.35			$ (2.89)	$ 0.91
Diluted:
Net (loss) income	$ (25,176)	$ (6,466)	$ (6,293)	$ 4,587	$ 4,079	$ 2,902	$ (37,935)	$ 11,569
Less: Net earnings attributable to noncontrolling interest	(54)			(27)			(122)	(75)
Less: Undistributed earnings attributable to unvested shares				(59)				(166)
Net (loss) income available to Twin Disc shareholders	$ (25,230)			$ 4,501			$ (38,057)	$ 11,328
Weighted average shares outstanding - basic (in shares)	13,175			12,914			13,147	12,437
Effect of dilutive stock awards (in shares)				232				215
Weighted average shares outstanding - diluted (in shares)	13,175			13,146			13,147	12,652
Diluted (Loss) Income Per Share:
Net (loss) income per share - diluted (in dollars per share)	$ (1.92)			$ 0.34			$ (2.89)	$ 0.90

Note N - Lease Liabilities - Co

Note N - Lease Liabilities - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Amortization of right-of-use assets	$ 49		$ 127
Interest on lease liabilities	14		40
Operating lease cost	789	872	2,384	2,603
Short-term lease cost	18	1	43	23
Variable lease cost	17	11	42	16
Total lease cost	887	884	2,636	2,642
Less: Sublease income	(53)	(2)	(159)	(18)
Net lease cost	$ 834	$ 882	$ 2,477	$ 2,624

Note N - Lease Liabilities - Ot

Note N - Lease Liabilities - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 27, 2020	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Operating cash flows from operating leases	$ 780	$ 824	$ 2,367	$ 2,548
Operating cash flows from finance leases	45		112
Financing cash flows from finance leases	14		40
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	149	380	2,573	12,453
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 188		$ 465
Weighted average remaining lease term (years): Operating leases (Year)	10 years 328 days	11 years 255 days	10 years 328 days	11 years 255 days
Weighted average remaining lease term (years): Finance lease (Year)	4 years 109 days		4 years 109 days
Weighted average discount rate: Operating leases	7.40%	7.70%	7.40%	7.70%
Weighted average discount rate: Finance leases	6.60%	0.00%	6.60%	0.00%

Note N - Lease Liabilities - Fu

Note N - Lease Liabilities - Future Minimum Rental Commitments Under Noncancellable Leases (Details) $ in Thousands	Mar. 27, 2020USD ($)
2020, Operating Leases	$ 746
2020, Finance Leases	62
2021, Operating Leases	2,570
2021, Finance Leases	249
2022, Operating Leases	2,098
2022, Finance Leases	249
2023, Operating Leases	1,946
2023, Finance Leases	241
2024, Operating Leases	1,743
2024, Finance Leases	208
Thereafter, Operating Leases	12,241
Thereafter, Finance Leases	32
Total future lease payments, Operating Leases	21,344
Total future lease payments, Finance Leases	1,041
Less: Amount representing interest, Operating Leases	(6,941)
Less: Amount representing interest, Finance Leases	(148)
Present value of future payments, Operating Leases	14,403
Present value of future payments, Finance Leases	$ 893

Note N - Lease Liabilities - _2

Note N - Lease Liabilities - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 27, 2020	Jun. 30, 2019
Operating lease liabilities	$ 13,340	$ 12,646
Property, Plant and Equipment, Net [Member]
Operating lease right-of-use assets	14,391	14,138
Finance lease right-of-use assets	867	545
Accrued Liabilities [Member]
Operating lease liabilities	1,763	1,933
Finance lease liabilities	193	104
Lease Obligation [Member]
Operating lease liabilities	12,640	12,197
Finance lease liabilities	$ 700	$ 449

Note O - Derivative Financial_3

Note O - Derivative Financial Instruments (Details Textual) $ in Thousands	3 Months Ended
	Mar. 27, 2020USD ($)	Dec. 27, 2019USD ($)	Sep. 27, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 29, 2019USD ($)	Dec. 28, 2018USD ($)	Sep. 28, 2018USD ($)	Jun. 30, 2018USD ($)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 144,035	$ 169,485	$ 173,363	$ 182,818	$ 186,642	$ 181,843	$ 178,459	$ 143,616
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	362
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ (1,088)	$ (506)	$ (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	Mar. 27, 2020	Jun. 30, 2019
Accounts Payable and Accrued Liabilities [Member]
Interest rate swap	$ 334	$ 122
Other Noncurrent Liabilities [Member]
Interest rate swap	$ 1,088	$ 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				9 Months Ended
	Mar. 27, 2020	Dec. 27, 2019	Sep. 27, 2019	Mar. 29, 2019	Mar. 27, 2020	Mar. 29, 2019
Interest rate swap	$ (582)	$ 146	$ (143)		$ (579)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Interest rate swap	(582)				(579)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Interest rate swap	$ 37				$ 79

Note P - Subsequent Event (Deta

Note P - Subsequent Event (Details Textual) $ in Millions	Apr. 17, 2020USD ($)
Subsequent Event [Member]
Proceeds From Paycheck Protection Program Under CARES Act	$ 8.2