Twin Disc (TWIN) 10-Q 3 Nov 21 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 24, 2021	Oct. 28, 2021
Document Information [Line Items]
Entity Central Index Key	0000100378
Entity Registrant Name	TWIN DISC INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2021
Document Transition Report	false
Entity File Number	1-7635
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0667110
Entity Address, Address Line One	1328 Racine Street
Entity Address, City or Town	Racine
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53403
City Area Code	262
Local Phone Number	638-4000
Title of 12(b) Security	Common Stock (No Par Value)
Trading Symbol	TWIN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,599,013

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 30, 2021
Current assets:
Cash	$ 22,092	$ 12,340
Trade accounts receivable, net	34,837	39,491
Inventories	121,092	114,967
Assets held for sale	3,321	9,539
Prepaid expenses	6,165	5,704
Other	7,334	9,926
Total current assets	194,841	191,967
Property, plant and equipment, net	44,339	45,463
Right-of-use assets operating leases	14,216	14,736
Intangible assets, net	16,468	17,480
Deferred income taxes	2,615	2,511
Other assets	3,768	3,256
Total assets	276,247	275,413
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Accounts payable	29,363	31,011
Accrued liabilities	49,138	45,549
Total current liabilities	80,501	78,560
Long-term debt	29,883	30,085
Lease obligations	12,373	12,887
Accrued retirement benefits	10,853	11,176
Deferred income taxes	4,543	5,045
Other long-term liabilities	6,470	7,000
Total liabilities	144,623	144,753
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	41,165	40,972
Retained earnings	128,856	126,936
Accumulated other comprehensive loss	(24,041)	(22,615)
Equity before treasury stock	145,980	145,293
Less treasury stock, at cost (974,978 and 985,686 shares, respectively)	14,942	15,083
Total Twin Disc shareholders' equity	131,038	130,210
Noncontrolling interest	586	450
Total equity	131,624	130,660
Total liabilities and equity	$ 276,247	$ 275,413

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Sep. 24, 2021	Jun. 30, 2021
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)	974,978	985,686

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Net Sales	$ 47,761	$ 46,179
Cost of goods sold	34,314	36,476
Gross profit	13,447	9,703
Marketing, engineering and administrative expenses	13,091	12,445
Restructuring expenses	48	405
Other operating income	(2,939)	0
Income (loss) from operations	3,247	(3,147)
Interest expense	530	573
Other expense (income), net	355	1,148
Non-operating income (expense)	885	1,721
Income (loss) before income taxes and noncontrolling interest	2,362	(4,868)
Income tax expense (benefit)	382	(931)
Net income (loss)	1,980	(3,937)
Less: Net earnings attributable to noncontrolling interest, net of tax	(60)	(42)
Net income (loss) attributable to Twin Disc	$ 1,920	$ (3,979)
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.14	$ (0.30)
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.14	$ (0.30)
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,283	13,197
Diluted shares outstanding (in shares)	13,350	13,197
Comprehensive income
Net income (loss)	$ 1,980	$ (3,937)
Benefit plan adjustments, net of income taxes of $117 and $177, respectively	384	553
Foreign currency translation adjustment	(1,938)	3,612
Unrealized gain on hedges, net of income taxes of $63 and $22, respectively	204	75
Comprehensive income	630	303
Less: Comprehensive income attributable to noncontrolling interest	(136)	(55)
Comprehensive income attributable to Twin Disc	$ 494	$ 248

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Benefit plan adjustments, income taxes	$ 117	$ 177
Unrealized loss on cash flow hedge, income taxes	$ 63	$ 22

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2020
Cash flows from operating activities:
Net income (loss)	$ 1,980	$ (3,937)	$ (3,937)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization	2,550	2,758
Gain on sale of assets	(2,939)	0
Restructuring expenses	(125)	0
Provision for deferred income taxes	(814)	(4,908)
Stock compensation expense and other non-cash changes, net	937	709
Net change in operating assets and liabilities	785	4,662
Net cash provided (used) by operating activities	2,374	(716)
Cash flows from investing activities:
Acquisitions of fixed assets	(846)	(1,419)
Proceeds from sale of fixed assets	9,139	19
Proceeds on note receivable	500	300
Other, net	(81)	(129)
Net cash used by investing activities	8,712	(1,229)
Cash flows from financing activities:
Borrowings under revolving loan arrangement	20,591	18,301
Repayments of revolver loans	(20,591)	(18,674)
Repayments of other long term debt	(278)	(155)
Payments of withholding taxes on stock compensation	(292)	(224)
Net cash used by financing activities	(570)	(752)
Effect of exchange rate changes on cash	(764)	1,322
Net change in cash	9,752	(1,375)
Cash:
Beginning of period	12,340	10,688	$ 10,688
End of period	$ 22,092	$ 9,313

Note A - Basis of Presentation

Note A - Basis of Presentation	3 Months Ended
	Sep. 24, 2021
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, 2021. not Reclassification Certain prior year amounts primarily in cost of goods sold and marketing, engineering, and administrative expenses have been reclassified for consistency with current year presentation. Recently Adopted Accounting Standards In December 2019, 2019 12 July 1, 2021. not New Accounting Releases In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 In March 2020 January 2021, 2020 04 2021 01, 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	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. Inventories The major classes of inventories were as follows: September 24, 2021 June 30, 2021 Inventories: Finished parts $ 62,735 $ 59,761 Work in process 19,785 17,908 Raw materials 38,572 37,298 $ 121,092 $ 114,967

Note C - Warranty

Note C - Warranty	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	C. Warranty The Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its suppliers. However, its warranty obligation is affected by product failure rates, the number of units affected by the failure and the expense involved in satisfactorily addressing the situation. The warranty reserve is established based on our best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. When evaluating the adequacy of the reserve for warranty costs, management takes into consideration the term of the warranty coverage, historical claim rates and costs of repair, knowledge of the type and volume of new products and economic trends. While we believe the warranty reserve is adequate and that the judgment applied is appropriate, such amounts estimated to be due and payable in the future could differ materially from what actually transpires. The following is a listing of the activity in the warranty reserve for the quarters ended September 24, 2021 September 25, 2020: For the Quarter Ended September 24, 2021 September 25, 2020 Reserve balance, beginning of period $ 4,369 $ 4,460 Current period (benefit) expense (265 ) 1,034 Payments or credits to customers (532 ) (848 ) Translation (12 ) 36 Reserve balance, end of period $ 3,560 $ 4,682 The current portion of the warranty accrual ($2,947 and $3,863 as of September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020,

Note D - Contingencies

Note D - Contingencies	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	D. Contingencies The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, is not not

Note E - Business Segments

Note E - Business Segments	3 Months Ended
	Sep. 24, 2021
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 reportable segments: manufacturing and distribution. These segment structures reflect the way management makes operating decisions and manages the growth and profitability of the business. It also corresponds with management’s approach of allocating resources and assessing the performance of its segments. The accounting practices of the segments are the same as those described in the summary of significant accounting policies. Transfers among segments are at established inter-company selling prices. Management evaluates the performance of its segments based on net income. Information about the Company’s segments is summarized as follows: For the Quarter Ended September 24, 2021 September 25, 2020 Net sales Manufacturing segment sales $ 41,594 $ 38,495 Distribution segment sales 20,534 22,506 Inter/Intra segment elimination – manufacturing (10,942 ) (10,738 ) Inter/Intra segment elimination – distribution (3,425 ) (4,084 ) $ 47,761 $ 46,179 Net income (loss) attributable to Twin Disc Manufacturing segment net income (loss) $ 4,832 $ (2,662 ) Distribution segment net income 483 1,155 Corporate and eliminations (3,395 ) (2,472 ) $ 1,920 $ (3,979 ) Assets September 24, 2021 June 30, 2021 Manufacturing segment assets $ 366,338 $ 364,379 Distribution segment assets 49,914 46,956 Corporate assets and elimination of intercompany assets (140,005 ) (135,922 ) $ 276,247 $ 275,413 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters ended September 24, 2021 September 25, 2020. Net sales by product group for the quarter ended September 24, 2021 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,907 $ 1,118 $ (893 ) $ 6,132 Land-based transmissions 11,384 5,105 (4,247 ) 12,242 Marine and propulsion systems 24,285 11,562 (9,214 ) 26,633 Other 18 2,749 (13 ) 2,754 Total $ 41,594 $ 20,534 $ (14,367 ) $ 47,761 Net sales by product group for the quarter ended September 25, 2020 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 4,806 $ 1,370 $ (753 ) $ 5,423 Land-based transmissions 10,494 6,067 (4,302 ) 12,259 Marine and propulsion systems 23,179 12,759 (9,762 ) 26,176 Other 16 2,310 (5 ) 2,321 Total $ 38,495 $ 22,506 $ (14,822 ) $ 46,179

Note F - Stock-based Compensati

Note F - Stock-based Compensation	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	F. Stock-Based Compensation Performance Stock Awards ( PSA ) During the first 2022 2021, 2022 three June 30, 2024. The fiscal 2021 three June 30, 2023. There were 477.4 and 433.1 unvested PSAs outstanding at September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020, September 24, 2021 September 24, 2021, 2022, 2021 2020 September 24, 2021 September 25, 2020 $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 to 3 years. During the first 2022 2021, September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020 September 24, 2021, three Restricted Stock Unit Awards ( RSU ) Under the 2018 2021 three first 2022 2021, September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020, September 24, 2021 September 25, 2020 September 24, 2021 September 24, 2021, two

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	3 Months Ended
	Sep. 24, 2021
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 September 24, 2021 September 25, 2020 Pension Benefits: Service cost $ 139 $ 142 Prior service cost 10 16 Interest cost 666 668 Expected return on plan assets (1,259 ) (1,132 ) Amortization of transition obligation 9 9 Amortization of prior service cost (4 ) (4 ) Amortization of actuarial net loss 562 811 Net periodic benefit cost $ 123 $ 510 Postretirement Benefits: Service cost $ 4 $ 4 Interest cost 35 39 Amortization of prior service cost (69 ) (69 ) Net periodic benefit gain $ (30 ) $ (26 ) The service cost component is included in cost of goods sold and marketing, engineering and administrative expenses. All other components of net periodic benefit cost are included in other expense (income), net. The Company expects to contribute approximately $733 to its pension plans in fiscal 2022. September 24, 2021, The Company has reclassified $384 (net of $117 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the quarter ended September 24, 2021, September 25, 2020.

Note H - Income Taxes

Note H - Income Taxes	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H. Income Taxes Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with the estimated Annual Effective Tax Rate (“AETR”). Under this effective tax rate methodology, the Company applies an estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter. To calculate its AETR, an entity must estimate its ordinary income or loss and the related tax expense or benefit for its full fiscal year. As of September 24, 2021, first 740 740 may 48 For the quarters ended September 24, 2021 September 25, 2020 September 24, 2021, no 740 September 25, 2020 not not On January 30, 2020, 19 March 2020, 19 19 March 27, 2020, 2017. 2021 December 27, 2020. not March 11, 2021, 2021 December 31, 2026, five not 162 19 19 The Company maintains valuation allowances when it is more likely than not not no The Company has approximately $814 of unrecognized tax benefits, including related interest and penalties, as of September 24, 2021, no September 24, 2021. 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 2014 2021. 2019. 2016. 2022.

Note I - Intangible Assets

Note I - Intangible Assets	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I. Intangible Assets As of September 24, 2021, 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, 2021 $ 41,142 $ (23,662 ) $ 17,480 $ 10,321 $ 4,883 $ 1,282 $ 994 Amortization - (826 ) (826 ) (419 ) (304 ) (46 ) (57 ) Translation adjustment (186 ) - (186 ) (116 ) (54 ) (14 ) (2 ) Balance at September 24, 2021 $ 40,956 $ (24,488 ) $ 16,468 $ 9,786 $ 4,525 $ 1,222 $ 935 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 7 years. Intangible amortization expense was $826 and $835 for the quarters ended September 24, 2021, September 25, 2020, 2022 five Fiscal Year 2022 $ 2,494 2023 3,110 2024 2,955 2025 2,789 2026 1,413 Thereafter 3,707

Note J - Long-term Debt

Note J - Long-term Debt	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt Long-term debt at September 24, 2021 June 30, 2021 September 24, 2021 June 30, 2021 Credit Agreement Debt Revolving loans (expire June 2023) $ 15,237 $ 15,415 Term loan (due March 2026) 16,500 16,500 Other 146 170 Subtotal 31,883 32,085 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 29,883 $ 30,085 Credit Agreement Debt: June 29, 2018 ( On January 27, 2021, September 30, 2021. On September 30, 2021, February 28, 2022, 1.00. For the quarter ended September 24, 2021, not The Company remains in compliance with its liquidity and other covenants, and has agreed to provide additional financial reports to BMO. The Credit Agreement, including its amendments, is more fully described in the Company’s Annual Report filed on Form 10 June 30, 2021, 2 As of September 24, 2021, Other: three five During the quarters ended September 24, 2021, As of September 24, 2021, The Company’s borrowings described above approximate fair value at September 24, 2021 June 30, 2021. 2 The Company is party to an interest rate swap arrangement with Bank of Montreal, with an initial notional amount of $20,000 and a maturity date of March 4, 2026 September 24, 2021, 815, During the fourth 2021,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	3 Months Ended
	Sep. 24, 2021
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 shares as of September 24, 2021 not September 24, 2021 September 25, 2020. The following is a reconciliation of the Company’s equity balances for the first 2022 2021: Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2021 $ 40,972 $ 126,936 $ (22,615 ) $ (15,083 ) $ 450 $ 130,660 Net income 1,920 60 1,980 Translation adjustments (2,014 ) 76 (1,938 ) Benefit plan adjustments, net of tax 384 384 Unrealized gain on hedges, net of tax 204 204 Compensation expense 625 625 Shares (acquired) issued, net (432 ) 141 (291 ) Balance, September 24, 2021 $ 41,165 $ 128,856 $ (24,041 ) $ (14,942 ) $ 586 $ 131,624 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2020 $ 42,756 $ 156,655 $ (41,226 ) $ (18,796 ) $ 569 $ 139,958 Net (loss) income (3,979 ) 42 (3,937 ) Translation adjustments 3,600 12 3,612 Benefit plan adjustments, net of tax 553 553 Unrealized gain on cash flow hedge, net of tax 75 75 Compensation expense 518 518 Shares (acquired) issued, net (2,460 ) 2,236 (224 ) Balance, September 25, 2020 $ 40,814 $ 152,676 $ (36,998 ) $ (16,560 ) $ 623 $ 140,555 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the quarters ended September 24, 2021 September 25, 2020 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334 Translation adjustment during the quarter (2,014 ) - - - Amounts reclassified from accumulated other comprehensive income - 384 68 136 Net current period other comprehensive (loss) income (2,014 ) 384 68 136 Balance at September 24, 2021 $ 7,178 $ (31,079 ) $ (610 ) $ 470 Translation Benefit Plan Cash Flow Adjustment Adjustment Hedges Balance at June 30, 2020 $ 3,454 $ (43,576 ) $ (1,104 ) Translation adjustment during the quarter 3,600 - - Amounts reclassified from accumulated other comprehensive income - 553 75 Net current period other comprehensive income 3,600 553 75 Balance at September 25, 2020 $ 7,054 $ (43,023 ) $ (1,029 ) Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended September 24, 2021 Amount Reclassified Quarter Ended September 24, 2021 Changes in benefit plan items Actuarial losses $ 565 (a) Transition asset and prior service benefit (64 ) (a) Total amortization 501 Income taxes 117 Total reclassification net of tax $ 384 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended September 25, 2020 Amount Reclassified Quarter Ended September 25, 2020 Changes in benefit plan items Actuarial losses $ 794 (a) Transition asset and prior service benefit (64 ) (a) Total amortization 730 Income taxes 177 Total reclassification net of tax $ 553 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Opera

Note L - Restructuring of Operations	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	L. Restructuring of Operations Restructuring expenses The Company has implemented various restructuring programs in response to unfavorable macroeconomic trends in certain of the Company’s markets since the fourth 2015. fourth 2021, With regard to its Belgian operations, on June 30, 2021, December 2022. In October 2021, 2nd 2022. Total restructuring charges relating to streamlining operations totaled to $48 and $405 in the quarters ending September 24, 2021 September 25, 2020, June 2015 September 24, 2021 The following is a roll-forward of restructuring activity: Accrued restructuring liability, June 30, 2021 $ 2,352 Additions 48 Payments, adjustments and write-offs during the year (172 ) Accrued restructuring liability, September 24, 2021 $ 2,228 Assets held for sale To improve its fixed cost structure and monetize some of its under-utilized assets, the Company commenced the active marketing of three fourth 2021. first 2022,

Note M - Earnings Per Share

Note M - Earnings Per Share	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	M. Earnings Per Share The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company, and are therefore included in computing earnings per share pursuant to the two The components of basic and diluted earnings per share were as follows: For the Quarter Ended September 24, 2021 September 25, 2020 Basic: Net income (loss) $ 1,980 $ (3,937 ) Less: Net earnings attributable to noncontrolling interest (60 ) (42 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) available to Twin Disc shareholders 1,920 (3,979 ) Weighted average shares outstanding - basic 13,283 13,197 Basic Income (Loss) Per Share: Net income (loss) per share - basic $ 0.14 $ (0.30 ) Diluted: Net income (loss) $ 1,980 $ (3,937 ) Less: Net earnings attributable to noncontrolling interest (60 ) (42 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) available to Twin Disc shareholders 1,920 (3,979 ) Weighted average shares outstanding - basic 13,283 13,197 Effect of dilutive stock awards 67 - Weighted average shares outstanding - diluted 13,350 13,197 Diluted Income (Loss) Per Share: Net income (loss) per share - diluted $ 0.14 $ (0.30 ) The following potential common shares were excluded from diluted EPS for the quarter ended September 24, 2021 The following potential common shares were excluded from diluted EPS for the quarter ended September 25, 2020

Note N - Lease Liabilities

Note N - Lease Liabilities	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Lessee, Operating and Finance Leases [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 following table provides a summary of leases recorded on the condensed consolidated balance sheet. Balance Sheet Location September 24, 2021 June 30, 2021 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 14,216 $ 14,736 Finance lease right-of-use assets Property, plant and equipment, net 5,201 5,244 Lease Liabilities Operating lease liabilities Accrued liabilities $ 1,864 $ 1,870 Operating lease liabilities Lease obligations 12,373 12,887 Finance lease liabilities Accrued liabilities 566 541 Finance lease liabilities Other long-term liabilities 4,790 4,836 The components of lease expense were as follows: For the Quarter Ended September 24, 2021 September 25, 2020 Finance lease cost: Amortization of right-of-use assets $ 163 $ 119 Interest on lease liabilities 72 17 Operating lease cost 693 762 Short-term lease cost 2 9 Variable lease cost 39 16 Total lease cost 969 923 Less: Sublease income (20 ) (56 ) Net lease cost $ 949 $ 867 Other information related to leases was as follows: For the Quarter Ended September 24, 2021 September 25, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 742 $ 762 Operating cash flows from finance leases 136 135 Financing cash flows from finance leases 72 17 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 165 - Finance leases 174 4,616 Weighted average remaining lease term (years): Operating leases 9.6 10.7 Finance lease 11.7 12.8 Weighted average discount rate: Operating leases 7.2 % 7.4 % Finance leases 5.2 % 5.2 % Approximate future minimum rental commitments under non-cancellable leases as of September 24, 2021 Operating Leases Finance Leases 2022 $ 2,169 $ 621 2023 2,625 819 2024 2,283 776 2025 1,643 534 2026 1,551 465 Thereafter 9,855 3,895 Total future lease payments 20,126 7,110 Less: Amount representing interest (5,889 ) (1,754 ) Present value of future payments $ 14,237 $ 5,356

Note O - Derivative Financial I

Note O - Derivative Financial Instruments	3 Months Ended
	Sep. 24, 2021
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	O. Derivative Financial Instruments From time to time, the Company enters into derivative instruments to manage volatility arising from risks relating to interest rates and foreign exchange. The Company does not no The Company reports all derivative instruments on its consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of transactions entered into for hedging purposes. Interest Rate Swap Contracts The Company has one September 24, 2021, 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 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 twelve Net unrealized after-tax losses related to cash flow hedging activities that were included in accumulated other comprehensive loss were $611 and $678 as of September 24, 2021 June 30, 2021, The Company estimates that $334 of net unrealized losses related to cash flow hedging activities included in accumulated other comprehensive loss will be reclassified into earnings within the next twelve Derivatives Designated as Net Investment Hedges The Company is exposed to foreign currency exchange risk related to its investment in net assets in foreign countries. As discussed in Note J, Long-term Debt, during the fourth 2021, €13,000, September 24, 2021 June 30, 2021, Fair Value of Derivative Instruments The fair value of derivative instruments included in the condensed consolidated balance sheets were as follows: Balance Sheet Location September 24, 2021 June 30, 2021 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 314 $ 346 Interest rate swap Other long-term liabilities 486 542 The impact of the Company’s derivative instruments on the condensed consolidated statements of operations and comprehensive income for the quarters ended September 24, 2021 September 25, 2020, Statements of Operations and For the Quarter Ended Comprehensive Income Location September 24, 2021 September 25, 2020 Derivative designated as hedge: Interest rate swap Interest expense $ 90 $ 98 Interest rate swap Unrealized gain on hedges 68 75 Net investment hedge Unrealized gain on hedges 136 - Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ - $ (13 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 24, 2021
Accounting Policies [Abstract]
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassification Certain prior year amounts primarily in cost of goods sold and marketing, engineering, and administrative expenses have been reclassified for consistency with current year presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards In December 2019, 2019 12 July 1, 2021. not New Accounting Releases In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 In March 2020 January 2021, 2020 04 2021 01, March 12, 2020, may December 31, 2022.
Reporting Status [Policy Text Block]	Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories (Tables)

Note B - Inventories (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 24, 2021 June 30, 2021 Inventories: Finished parts $ 62,735 $ 59,761 Work in process 19,785 17,908 Raw materials 38,572 37,298 $ 121,092 $ 114,967

Note C - Warranty (Tables)

Note C - Warranty (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended September 24, 2021 September 25, 2020 Reserve balance, beginning of period $ 4,369 $ 4,460 Current period (benefit) expense (265 ) 1,034 Payments or credits to customers (532 ) (848 ) Translation (12 ) 36 Reserve balance, end of period $ 3,560 $ 4,682

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended September 24, 2021 September 25, 2020 Net sales Manufacturing segment sales $ 41,594 $ 38,495 Distribution segment sales 20,534 22,506 Inter/Intra segment elimination – manufacturing (10,942 ) (10,738 ) Inter/Intra segment elimination – distribution (3,425 ) (4,084 ) $ 47,761 $ 46,179 Net income (loss) attributable to Twin Disc Manufacturing segment net income (loss) $ 4,832 $ (2,662 ) Distribution segment net income 483 1,155 Corporate and eliminations (3,395 ) (2,472 ) $ 1,920 $ (3,979 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets September 24, 2021 June 30, 2021 Manufacturing segment assets $ 366,338 $ 364,379 Distribution segment assets 49,914 46,956 Corporate assets and elimination of intercompany assets (140,005 ) (135,922 ) $ 276,247 $ 275,413
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,907 $ 1,118 $ (893 ) $ 6,132 Land-based transmissions 11,384 5,105 (4,247 ) 12,242 Marine and propulsion systems 24,285 11,562 (9,214 ) 26,633 Other 18 2,749 (13 ) 2,754 Total $ 41,594 $ 20,534 $ (14,367 ) $ 47,761 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 4,806 $ 1,370 $ (753 ) $ 5,423 Land-based transmissions 10,494 6,067 (4,302 ) 12,259 Marine and propulsion systems 23,179 12,759 (9,762 ) 26,176 Other 16 2,310 (5 ) 2,321 Total $ 38,495 $ 22,506 $ (14,822 ) $ 46,179

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	For the Quarter Ended September 24, 2021 September 25, 2020 Pension Benefits: Service cost $ 139 $ 142 Prior service cost 10 16 Interest cost 666 668 Expected return on plan assets (1,259 ) (1,132 ) Amortization of transition obligation 9 9 Amortization of prior service cost (4 ) (4 ) Amortization of actuarial net loss 562 811 Net periodic benefit cost $ 123 $ 510 Postretirement Benefits: Service cost $ 4 $ 4 Interest cost 35 39 Amortization of prior service cost (69 ) (69 ) Net periodic benefit gain $ (30 ) $ (26 )

Note I - Intangible Assets (Tab

Note I - Intangible Assets (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
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, 2021 $ 41,142 $ (23,662 ) $ 17,480 $ 10,321 $ 4,883 $ 1,282 $ 994 Amortization - (826 ) (826 ) (419 ) (304 ) (46 ) (57 ) Translation adjustment (186 ) - (186 ) (116 ) (54 ) (14 ) (2 ) Balance at September 24, 2021 $ 40,956 $ (24,488 ) $ 16,468 $ 9,786 $ 4,525 $ 1,222 $ 935
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2022 $ 2,494 2023 3,110 2024 2,955 2025 2,789 2026 1,413 Thereafter 3,707

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Schedule of Debt [Table Text Block]	September 24, 2021 June 30, 2021 Credit Agreement Debt Revolving loans (expire June 2023) $ 15,237 $ 15,415 Term loan (due March 2026) 16,500 16,500 Other 146 170 Subtotal 31,883 32,085 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 29,883 $ 30,085

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	3 Months Ended
	Sep. 24, 2021
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, 2021 $ 40,972 $ 126,936 $ (22,615 ) $ (15,083 ) $ 450 $ 130,660 Net income 1,920 60 1,980 Translation adjustments (2,014 ) 76 (1,938 ) Benefit plan adjustments, net of tax 384 384 Unrealized gain on hedges, net of tax 204 204 Compensation expense 625 625 Shares (acquired) issued, net (432 ) 141 (291 ) Balance, September 24, 2021 $ 41,165 $ 128,856 $ (24,041 ) $ (14,942 ) $ 586 $ 131,624 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2020 $ 42,756 $ 156,655 $ (41,226 ) $ (18,796 ) $ 569 $ 139,958 Net (loss) income (3,979 ) 42 (3,937 ) Translation adjustments 3,600 12 3,612 Benefit plan adjustments, net of tax 553 553 Unrealized gain on cash flow hedge, net of tax 75 75 Compensation expense 518 518 Shares (acquired) issued, net (2,460 ) 2,236 (224 ) Balance, September 25, 2020 $ 40,814 $ 152,676 $ (36,998 ) $ (16,560 ) $ 623 $ 140,555
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]	Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334 Translation adjustment during the quarter (2,014 ) - - - Amounts reclassified from accumulated other comprehensive income - 384 68 136 Net current period other comprehensive (loss) income (2,014 ) 384 68 136 Balance at September 24, 2021 $ 7,178 $ (31,079 ) $ (610 ) $ 470 Translation Benefit Plan Cash Flow Adjustment Adjustment Hedges Balance at June 30, 2020 $ 3,454 $ (43,576 ) $ (1,104 ) Translation adjustment during the quarter 3,600 - - Amounts reclassified from accumulated other comprehensive income - 553 75 Net current period other comprehensive income 3,600 553 75 Balance at September 25, 2020 $ 7,054 $ (43,023 ) $ (1,029 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Quarter Ended September 24, 2021 Changes in benefit plan items Actuarial losses $ 565 (a) Transition asset and prior service benefit (64 ) (a) Total amortization 501 Income taxes 117 Total reclassification net of tax $ 384 Amount Reclassified Quarter Ended September 25, 2020 Changes in benefit plan items Actuarial losses $ 794 (a) Transition asset and prior service benefit (64 ) (a) Total amortization 730 Income taxes 177 Total reclassification net of tax $ 553

Note L - Restructuring of Ope_2

Note L - Restructuring of Operations (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2021 $ 2,352 Additions 48 Payments, adjustments and write-offs during the year (172 ) Accrued restructuring liability, September 24, 2021 $ 2,228

Note M - Earnings Per Share (Ta

Note M - Earnings Per Share (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended September 24, 2021 September 25, 2020 Basic: Net income (loss) $ 1,980 $ (3,937 ) Less: Net earnings attributable to noncontrolling interest (60 ) (42 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) available to Twin Disc shareholders 1,920 (3,979 ) Weighted average shares outstanding - basic 13,283 13,197 Basic Income (Loss) Per Share: Net income (loss) per share - basic $ 0.14 $ (0.30 ) Diluted: Net income (loss) $ 1,980 $ (3,937 ) Less: Net earnings attributable to noncontrolling interest (60 ) (42 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) available to Twin Disc shareholders 1,920 (3,979 ) Weighted average shares outstanding - basic 13,283 13,197 Effect of dilutive stock awards 67 - Weighted average shares outstanding - diluted 13,350 13,197 Diluted Income (Loss) Per Share: Net income (loss) per share - diluted $ 0.14 $ (0.30 )

Note N - Lease Liabilities (Tab

Note N - Lease Liabilities (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location September 24, 2021 June 30, 2021 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 14,216 $ 14,736 Finance lease right-of-use assets Property, plant and equipment, net 5,201 5,244 Lease Liabilities Operating lease liabilities Accrued liabilities $ 1,864 $ 1,870 Operating lease liabilities Lease obligations 12,373 12,887 Finance lease liabilities Accrued liabilities 566 541 Finance lease liabilities Other long-term liabilities 4,790 4,836
Lease, Cost [Table Text Block]	For the Quarter Ended September 24, 2021 September 25, 2020 Finance lease cost: Amortization of right-of-use assets $ 163 $ 119 Interest on lease liabilities 72 17 Operating lease cost 693 762 Short-term lease cost 2 9 Variable lease cost 39 16 Total lease cost 969 923 Less: Sublease income (20 ) (56 ) Net lease cost $ 949 $ 867
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended September 24, 2021 September 25, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 742 $ 762 Operating cash flows from finance leases 136 135 Financing cash flows from finance leases 72 17 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 165 - Finance leases 174 4,616 Weighted average remaining lease term (years): Operating leases 9.6 10.7 Finance lease 11.7 12.8 Weighted average discount rate: Operating leases 7.2 % 7.4 % Finance leases 5.2 % 5.2 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2022 $ 2,169 $ 621 2023 2,625 819 2024 2,283 776 2025 1,643 534 2026 1,551 465 Thereafter 9,855 3,895 Total future lease payments 20,126 7,110 Less: Amount representing interest (5,889 ) (1,754 ) Present value of future payments $ 14,237 $ 5,356

Note O - Derivative Financial_2

Note O - Derivative Financial Instruments (Tables)	3 Months Ended
	Sep. 24, 2021
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location September 24, 2021 June 30, 2021 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 314 $ 346 Interest rate swap Other long-term liabilities 486 542
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statements of Operations and For the Quarter Ended Comprehensive Income Location September 24, 2021 September 25, 2020 Derivative designated as hedge: Interest rate swap Interest expense $ 90 $ 98 Interest rate swap Unrealized gain on hedges 68 75 Net investment hedge Unrealized gain on hedges 136 - Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ - $ (13 )

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 30, 2021
Finished parts	$ 62,735	$ 59,761
Work in process	19,785	17,908
Raw materials	38,572	37,298
Total inventories	$ 121,092	$ 114,967

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	Sep. 24, 2021	Sep. 25, 2020
Product Warranty Accrual, Current	$ 2,947	$ 3,863
Product Warranty Accrual, Noncurrent	$ 613	$ 819

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Reserve balance, beginning of period	$ 4,369	$ 4,460
Current period (benefit) expense	(265)	1,034
Payments or credits to customers	(532)	(848)
Translation	(12)	36
Reserve balance, end of period	$ 3,560	$ 4,682

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	3 Months Ended
	Sep. 30, 2021
Number of Reportable Segments	2

Note E - Business Segments - Re

Note E - Business Segments - Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Net sales	$ 47,761	$ 46,179
Net income (loss)	1,920	(3,979)
Intersegment Eliminations [Member]
Net sales	(14,367)	(14,822)
Corporate, Non-Segment [Member]
Net income (loss)	(3,395)	(2,472)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	41,594	38,495
Net income (loss)	4,832	(2,662)
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(10,942)	(10,738)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	20,534	22,506
Net income (loss)	483	1,155
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (3,425)	$ (4,084)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 30, 2021
Segment Assets	$ 276,247	$ 275,413
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	366,338	364,379
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	49,914	46,956
Corporate, Non-Segment [Member]
Segment Assets	$ (140,005)	$ (135,922)

Note E - Business Segments - Ne

Note E - Business Segments - Net Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Net Sales	$ 47,761	$ 46,179
Intersegment Eliminations [Member]
Net Sales	(14,367)	(14,822)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	41,594	38,495
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(10,942)	(10,738)
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	20,534	22,506
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(3,425)	(4,084)
Industrial [Member]
Net Sales	6,132	5,423
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(893)	(753)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	5,907	4,806
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	1,118	1,370
Land Based Transmissions [Member]
Net Sales	12,242	12,259
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(4,247)	(4,302)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	11,384	10,494
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	5,105	6,067
Marine and Propulsion Systems [Member]
Net Sales	26,633	26,176
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(9,214)	(9,762)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	24,285	23,179
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	11,562	12,759
Other [Member]
Net Sales	2,754	2,321
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(13)	(5)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	18	16
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 2,749	$ 2,310

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Jun. 30, 2021
Performance Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	103,600	265,300
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)	155,400		382,300
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	477,400	433,100
Share-based Payment Arrangement, Expense, Tax Benefit	$ (216)	$ (87)
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)	$ 8.98
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 3,589
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)	2,400	151,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	362,000	332,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 993
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 181	$ 293
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	6,900	0
Share-based Payment Arrangement, Expense	$ 335	$ 339
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, Equity Instruments Other than Options, Grants in Period (in shares)	65,600	0
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)	65,600	38,000
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)	$ 14.29
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 888
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	475	$ 0
Share-based Payment Arrangement, Expense	$ 74	$ 82
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
	Sep. 24, 2021	Sep. 25, 2020
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ 384	$ 553
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	117	$ 177
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	733
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 196

Note G - Pension and Other Po_4

Note G - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Pension Plan [Member]
Service cost	$ 139	$ 142
Prior service cost	10	16
Interest cost	666	668
Expected return on plan assets	(1,259)	(1,132)
Amortization of transition obligation	9	9
Amortization of prior service cost	(4)	(4)
Amortization of actuarial net loss	562	811
Net periodic benefit cost (gain)	123	510
Service cost	139	142
Other Postretirement Benefits Plan [Member]
Service cost	4	4
Interest cost	35	39
Amortization of prior service cost	(69)	(69)
Net periodic benefit cost (gain)	(30)	(26)
Service cost	$ 4	$ 4

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Annual Effective Tax Rate ("AETR") Methodology, Percentage of Forecasted Consolidated Income Earned	91.00%
Effective Income Tax Rate Reconciliation, Percent, Total	16.20%	19.10%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 814
Foreign Tax Authority [Member]
Open Tax Year	2014 2015 2016 2017 2018 2019 2020 2021
Foreign Tax Authority [Member] | Tax and Customs Administration, Netherlands [Member]
Open Tax Year	2019
Domestic Tax Authority [Member]
Open Tax Year	2016 2017 2018 2019 2020 2021

Note I - Intangible Assets (Det

Note I - Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)	7 years
Amortization of Intangible Assets, Total	$ 826	$ 835

Note I - Intangible Assets - In

Note I - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Balance, Definite Intangible Assets Gross Carrying Amount	$ 41,142
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(23,662)
Balance at June 30, Definite Intangible Assets Net Book Value	17,480
Amortization, Intangible Asset	(826)	$ (835)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount	(186)
Translation adjustment, Definite Intangible Assets Net Book Value	(186)
Balance, Definite Intangible Assets Gross Carrying Amount	40,956
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(24,488)
Balance at June 30, Definite Intangible Assets Net Book Value	16,468
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	10,321
Amortization, Intangible Asset	(419)
Translation adjustment, Definite Intangible Assets Net Book Value	(116)
Balance at June 30, Definite Intangible Assets Net Book Value	9,786
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	4,883
Amortization, Intangible Asset	(304)
Translation adjustment, Definite Intangible Assets Net Book Value	(54)
Balance at June 30, Definite Intangible Assets Net Book Value	4,525
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	1,282
Amortization, Intangible Asset	(46)
Translation adjustment, Definite Intangible Assets Net Book Value	(14)
Balance at June 30, Definite Intangible Assets Net Book Value	1,222
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	994
Amortization, Intangible Asset	(57)
Translation adjustment, Definite Intangible Assets Net Book Value	(2)
Balance at June 30, Definite Intangible Assets Net Book Value	$ 935

Note I - Intangible Assets - Es

Note I - Intangible Assets - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Sep. 24, 2021USD ($)
2022	$ 2,494
2023	3,110
2024	2,955
2025	2,789
2026	1,413
Thereafter	$ 3,707

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) $ in Thousands	3 Months Ended
	Sep. 24, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 04, 2019	Jun. 29, 2018USD ($)
Long-term Debt, Current Maturities, Total	$ 2,000	$ 2,000
Principal Paid on Sale Leaseback Liabilities	23
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	$ 15,500			$ 20,000
Minimum [Member]
Sale Leaseback Transactions, Term (Year)	3 years
Sale Leaseback Transactions, Implied Interest Rate	7.00%
Maximum [Member]
Sale Leaseback Transactions, Term (Year)	5 years
Sale Leaseback Transactions, Implied Interest Rate	25.00%
BMO [Member] | The 2018 Credit Agreement [Member]
Long-term Debt, Current Maturities, Total	$ 2,000
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate During Period	4.25%
Line of Credit Facility, Current Borrowing Capacity	$ 40,622
Line of Credit Facility, Remaining Borrowing Capacity	$ 25,384
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio			3
Debt Instrument, Interest Rate During Period	3.96%

Note J - Long-term Debt - Summa

Note J - Long-term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 30, 2021
Long-term debt	$ 31,883	$ 32,085
Less: current maturities	(2,000)	(2,000)
Total long-term debt	29,883	30,085
Revolving Loan [Member]
Long-term debt	15,237	15,415
Term Loan [Member]
Long-term debt	16,500	16,500
Other Long-Term Debt [Member]
Long-term debt	$ 146	$ 170

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - shares shares in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
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
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2020
Balance	$ 130,660	$ 139,958	$ 139,958
Net income (loss)	1,980	(3,937)	(3,937)
Translation adjustments	(1,938)	3,612	3,612
Benefit plan adjustments, net of tax	384	553	553
Unrealized gain (loss) on hedges	204	75	75
Compensation expense	625		518
Shares (acquired) issued, net	(291)		(224)
Balance	131,624		140,555
Common Stock [Member]
Balance	40,972	42,756	42,756
Net income (loss)
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense	625		518
Shares (acquired) issued, net	(432)		(2,460)
Balance	41,165		40,814
Retained Earnings [Member]
Balance	126,936	156,655	156,655
Net income (loss)	1,920		(3,979)
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense
Shares (acquired) issued, net
Balance	128,856		152,676
AOCI Attributable to Parent [Member]
Balance	(22,615)	(41,226)	(41,226)
Net income (loss)
Translation adjustments	(2,014)		3,600
Benefit plan adjustments, net of tax	384		553
Unrealized gain (loss) on hedges	204		75
Compensation expense
Shares (acquired) issued, net
Balance	(24,041)		(36,998)
Treasury Stock [Member]
Balance	(15,083)	(18,796)	(18,796)
Net income (loss)
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense
Shares (acquired) issued, net	141		2,236
Balance	(14,942)		(16,560)
Noncontrolling Interest [Member]
Balance	450	$ 569	569
Net income (loss)	60		42
Translation adjustments	76		12
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense
Shares (acquired) issued, net
Balance	$ 586		$ 623

Note K - Shareholders' Equity_3

Note K - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2020
Balance	$ 130,660	$ 139,958	$ 139,958
Translation adjustment during the quarter	(1,938)	3,612	3,612
Balance	131,624		140,555
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	9,192	3,454	3,454
Translation adjustment during the quarter	(2,014)	3,600
Amounts reclassified from accumulated other comprehensive income	0	0
Net current period other comprehensive (loss) income	(2,014)	3,600
Balance	7,178	7,054
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(31,463)	(43,576)	(43,576)
Translation adjustment during the quarter	0	0
Amounts reclassified from accumulated other comprehensive income	384	553
Net current period other comprehensive (loss) income	384	553
Balance	(31,079)	(43,023)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(678)	(1,104)	$ (1,104)
Translation adjustment during the quarter	0	0
Amounts reclassified from accumulated other comprehensive income	68	75
Net current period other comprehensive (loss) income	68	75
Balance	(611)	$ (1,029)
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	334
Translation adjustment during the quarter	0
Amounts reclassified from accumulated other comprehensive income	136
Net current period other comprehensive (loss) income	136
Balance	$ 470

Note K - Shareholders' Equity_4

Note K - Shareholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2020
Total amortization		$ 2,362	$ (4,868)
Income tax expense (benefit)		382	(931)
Net income (loss)		1,980	(3,937)	$ (3,937)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	[1]	565	794
Transition asset and prior service benefit	[1]	(64)	(64)
Total amortization		501	730
Income tax expense (benefit)		117	177
Net income (loss)		$ 384	$ 553
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Ope_3

Note L - Restructuring of Operations (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended			18 Months Ended	76 Months Ended
	Oct. 31, 2021USD ($)	Dec. 24, 2021USD ($)	Sep. 24, 2021USD ($)	Sep. 25, 2020USD ($)	Dec. 31, 2022	Sep. 24, 2021USD ($)	Jun. 30, 2021USD ($)
Restructuring and Related Cost, Number of Positions Eliminated						257
Restructuring Reserve, Ending Balance			$ 2,228			$ 2,228	$ 2,352
Restructuring and Related Cost, Expected Pre-tax Savings			1,600
Restructuring Charges, Total			48	$ 405		$ 15,563
Proceeds from Sale of Property, Plant, and Equipment, Total			9,139	19
Gain (Loss) on Disposition of Assets, Total			2,939	0
Propeller Machining Plant and Office in Switzerland [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total			9,138
Propeller Machining Plant and Office in Switzerland [Member] | Other Operating Income (Expense) [Member]
Gain (Loss) on Disposition of Assets, Total			2,939
Concerns Brought by the Union Representing Certain Employees Affected by Restructuring of Belgian Operations [Member] | Settled Litigation [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 3,200
Employee Severance [Member]
Restructuring Reserve, Ending Balance							$ 2,200
Restructuring Charges, Total			$ 48	$ 405
Forecast [Member]
Restructuring and Related Cost, Number of Positions Eliminated					23
Forecast [Member] | Employee Severance [Member]
Restructuring Charges, Total		$ 1,000

Note L - Restructuring of Ope_4

Note L - Restructuring of Operations - Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		76 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2021
Accrued restructuring liability	$ 2,352
Additions	48	$ 405	$ 15,563
Payments, adjustments and write-offs during the year	(172)
Accrued restructuring liability	$ 2,228		$ 2,228

Note M - Earnings Per Share (De

Note M - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	439,100	433,100
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	362,000	332,800
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	37,000	38,000

Note M - Earnings Per Share - C

Note M - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2020
Net income (loss)	$ 1,980	$ (3,937)	$ (3,937)
Less: Net earnings attributable to noncontrolling interest	(60)	(42)
Less: Undistributed earnings attributable to unvested shares	0	0
Net income (loss) available to Twin Disc shareholders	$ 1,920	$ (3,979)
Weighted average shares outstanding - basic (in shares)	13,283	13,197
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.14	$ (0.30)
Net income (loss) available to Twin Disc shareholders	$ 1,920	$ (3,979)
Effect of dilutive stock awards (in shares)	67	0
Weighted average shares outstanding - diluted (in shares)	13,350	13,197
Net income (loss) per share - diluted (in dollars per share)	$ 0.14	$ (0.30)

Note N - Lease Liabilities - Co

Note N - Lease Liabilities - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 30, 2021
Operating lease right-of-use assets	$ 14,216	$ 14,736
Operating lease liabilities	12,373	12,887
Property, Plant and Equipment, Net [Member]
Operating lease right-of-use assets	14,216	14,736
Finance lease right-of-use assets	5,201	5,244
Accrued Liabilities [Member]
Operating lease liabilities	1,864	1,870
Finance lease liabilities	566	541
Lease Obligation [Member]
Operating lease liabilities	12,373	12,887
Finance lease liabilities	$ 4,790	$ 4,836

Note N - Lease Liabilities - _2

Note N - Lease Liabilities - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Amortization of right-of-use assets	$ 163	$ 119
Interest on lease liabilities	72	17
Operating lease cost	693	762
Short-term lease cost	2	9
Variable lease cost	39	16
Total lease cost	969	923
Less: Sublease income	(20)	(56)
Net lease cost	$ 949	$ 867

Note N - Lease Liabilities - Ot

Note N - Lease Liabilities - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020
Operating cash flows from operating leases	$ 742	$ 762
Operating cash flows from finance leases	136	135
Financing cash flows from finance leases	72	17
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	165	0
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 174	$ 4,616
Weighted average remaining lease term (years): Operating leases (Year)	9 years 7 months 6 days	10 years 8 months 12 days
Weighted average remaining lease term (years): Finance lease (Year)	11 years 8 months 12 days	12 years 9 months 18 days
Weighted average discount rate: Operating leases	7.20%	7.40%
Weighted average discount rate: Finance leases	5.20%	5.20%

Note N - Lease Liabilities - Fu

Note N - Lease Liabilities - Future Minimum Rental Commitments Under Noncancellable Leases (Details) $ in Thousands	Sep. 24, 2021USD ($)
2022, Operating Leases	$ 2,169
2022	621
2023, Operating Leases	2,625
2023	819
2024, Operating Leases	2,283
2024	776
2025, Operating Leases	1,643
2025	534
2026, Operating Leases	1,551
2026	465
Thereafter	9,855
Thereafter	3,895
Total future lease payments, Operating Leases	20,126
Total future lease payments, Finance Leases	7,110
Less: Amount representing interest, Operating Leases	(5,889)
Less: Amount representing interest, Finance Leases	(1,754)
Present value of future payments, Operating Leases	14,237
Present value of future payments, Finance Leases	$ 5,356

Note O - Derivative Financial_3

Note O - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	3 Months Ended	12 Months Ended
	Sep. 24, 2021USD ($)	Jun. 30, 2021USD ($)	Sep. 24, 2021EUR (€)	Sep. 25, 2020USD ($)	Sep. 24, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 29, 2018USD ($)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 131,624	$ 130,660			$ 140,555	$ 139,958
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	334
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ (611)	(678)		$ (1,029)		$ (1,104)
Interest Rate Swap [Member]
Derivative, Number of Instruments Held, Total	1		1
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	$ 15,500						$ 20,000
Euro Denominated Revolving Loan [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount | €			€ 13
Derivative, Gain (Loss) on Derivative, Net, Total	$ 471	$ 334

Note O - Derivative Financial_4

Note O - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Sep. 24, 2021	Jun. 30, 2021
Accounts Payable and Accrued Liabilities [Member]
Derivative Liabilities, Current	$ 314	$ 346
Other Noncurrent Liabilities [Member]
Derivative Liabilities, Noncurrent	$ 486	$ 542

Note O - Derivative Financial_5

Note O - Derivative Financial Instruments - Impact of the Company's Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2021	Sep. 25, 2020	Sep. 24, 2020
Unrealized gain (loss) on hedges	$ 204	$ 75	$ 75
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	68	75
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	90	98
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]
Gain (loss) on derivative instruments	0	(13)
Euro Denominated Revolving Loan [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Net Investment Hedging [Member]
Unrealized gain (loss) on hedges	$ 136	$ 0