Twin Disc (TWIN) 10-Q 9 Feb 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2021	Feb. 02, 2022
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	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 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		13,662,173

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Current assets:
Cash	$ 11,123	$ 12,340
Trade accounts receivable, net	34,022	39,491
Inventories	123,928	114,967
Assets held for sale	3,318	9,539
Prepaid expenses	5,879	5,704
Other	8,200	9,926
Total current assets	186,470	191,967
Property, plant and equipment, net	43,155	45,463
Right-of-use assets operating leases	13,795	14,736
Intangible assets, net	15,209	17,480
Deferred income taxes	2,629	2,511
Other assets	3,300	3,256
Total assets	264,558	275,413
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Accounts payable	31,234	31,011
Accrued liabilities	47,302	45,549
Total current liabilities	80,536	78,560
Long-term debt	23,255	30,085
Lease obligations	11,905	12,887
Accrued retirement benefits	10,501	11,176
Deferred income taxes	4,254	5,045
Other long-term liabilities	6,176	7,000
Total liabilities	136,627	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	41,591	40,972
Retained earnings	125,020	126,936
Accumulated other comprehensive loss	(24,359)	(22,615)
Equity before treasury stock	142,252	145,293
Less treasury stock, at cost (974,557 and 985,686 shares, respectively)	14,968	15,083
Total Twin Disc shareholders' equity	127,284	130,210
Noncontrolling interest	647	450
Total equity	127,931	130,660
Total liabilities and equity	$ 264,558	$ 275,413

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 31, 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)	974,557	985,686

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Net sales	$ 59,889	$ 48,557	$ 107,650	$ 94,737
Cost of goods sold	46,407	39,679	80,721	76,156
Gross profit	13,482	8,878	26,929	18,581
Marketing, engineering and administrative expenses	15,267	13,361	28,357	25,805
Restructuring expenses	1,190	120	1,238	525
Other operating income	45	0	(2,894)	0
(Loss) income from operations	(3,020)	(4,603)	228	(7,749)
Interest expense	574	590	1,104	1,163
Other expense (income), net	(466)	1,724	(110)	2,872
Non-operating income (expense)	108	2,314	994	4,035
Loss before income taxes and noncontrolling interest	(3,128)	(6,917)	(766)	(11,784)
Income tax expense (benefit)	622	(2,637)	1,004	(3,567)
Net loss	(3,750)	(4,280)	(1,770)	(8,217)
Less: Net earnings attributable to noncontrolling interest, net of tax	(86)	(33)	(144)	(75)
Net (loss) income attributable to Twin Disc	$ (3,836)	$ (4,313)	$ (1,914)	$ (8,292)
Income (loss) per share data:
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.29)	$ (0.33)	$ (0.14)	$ (0.63)
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.29)	$ (0.33)	$ (0.14)	$ (0.63)
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,296	13,255	13,288	13,227
Diluted shares outstanding (in shares)	13,296	13,255	13,288	13,227
Comprehensive (loss) income
Net loss	$ (3,750)	$ (4,280)	$ (1,770)	$ (8,217)
Benefit plan adjustments, net of income taxes of $(115), $177, $2 and $353, respectively	623	555	1,007	1,108
Foreign currency translation adjustment	(1,701)	4,899	(3,639)	8,511
Unrealized gain on cash flow hedge, net of income taxes of $(63), $32, $0 and $55, respectively	735	104	939	179
Comprehensive (loss) income	(4,093)	1,278	(3,463)	1,581
Less: Comprehensive income attributable to noncontrolling interest	(61)	(45)	(197)	(99)
Comprehensive (loss) income attributable to Twin Disc	$ (4,154)	$ 1,233	$ (3,660)	$ 1,482

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Benefit plan adjustments, income taxes	$ (115)	$ 177	$ 2	$ 353
Unrealized loss on cash flow hedge, income taxes	$ (63)	$ 32	$ 0	$ 55

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020
Cash flows from operating activities:
Net loss	$ (1,770)	$ (8,217)
Adjustments to reconcile net loss to net cash (used) provided by operating activities, net of acquired assets:
Depreciation and amortization	5,011	5,523
Gain on sale of assets	(2,939)	0
Restructuring expenses	(111)	22
Provision for deferred income taxes	(1,156)	(7,122)
Stock compensation expense and other non-cash changes, net	1,848	1,317
Net change in operating assets and liabilities	(1,932)	11,254
Net cash (used) provided by operating activities	(1,049)	2,777
Cash flows from investing activities:
Acquisitions of fixed assets	(1,750)	(2,788)
Proceeds from sale of fixed assets	9,152	48
Proceeds on note receivable	500	600
Other, net	140	(17)
Net cash provided (used) by investing activities	8,042	(2,157)
Cash flows from financing activities:
Borrowings under revolving loan arrangement	51,410	34,241
Repayments of revolver loans	(55,552)	(36,276)
Repayments of other long term debt	(2,541)	(261)
Payments of withholding taxes on stock compensation	(487)	(224)
Net cash used by financing activities	(7,170)	(2,520)
Effect of exchange rate changes on cash	(1,040)	3,050
Net change in cash	(1,217)	1,150
Cash:
Beginning of period	12,340	10,688
End of period	$ 11,123	$ 11,838

Note A - Basis of Presentation

Note A - Basis of Presentation	6 Months Ended
	Dec. 31, 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	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. Inventories The major classes of inventories were as follows: December 31, 2021 June 30, 2021 Inventories: Finished parts $ 61,551 $ 59,761 Work in process 19,924 17,908 Raw materials 42,453 37,298 $ 123,928 $ 114,967

Note C - Warranty

Note C - Warranty	6 Months Ended
	Dec. 31, 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 December 31, 2021 December 25, 2020: For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Reserve balance, beginning of period $ 3,560 $ 4,682 $ 4,369 $ 4,460 Current period expense and adjustments 585 711 319 1,745 Payments or credits to customers (638 ) (971 ) (1,169 ) (1,819 ) Translation (24 ) 52 (36 ) 88 Reserve balance, end of period $ 3,483 $ 4,474 $ 3,483 $ 4,474 Included in expense in the two December 31, 2021 December 25, 2020 The current portion of the warranty accrual ($2,930 and $3,676 as of December 31, 2021 December 25, 2020, December 31, 2021 December 25, 2020,

Note D - Contingencies

Note D - Contingencies	6 Months Ended
	Dec. 31, 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	6 Months Ended
	Dec. 31, 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 between segments are at established inter-company selling prices. Management evaluates the performance of its segments based on their net income. Information about the Company’s segments is summarized as follows: For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Net sales Manufacturing segment sales $ 49,298 $ 41,705 $ 90,893 $ 80,200 Distribution segment sales 28,291 23,223 48,825 45,729 Inter/Intra segment elimination – manufacturing (13,200 ) (12,170 ) (24,143 ) (22,908 ) Inter/Intra segment elimination – distribution (4,500 ) (4,201 ) (7,925 ) (8,284 ) $ 59,889 $ 48,557 $ 107,650 $ 94,737 Net (loss) income attributable to Twin Disc Manufacturing segment net (loss) income $ (1,601 ) $ (3,112 ) $ 3,231 $ (5,774 ) Distribution segment net income 1,496 500 1,979 1,655 Corporate and eliminations (3,731 ) (1,701 ) (7,124 ) (4,173 ) $ (3,836 ) $ (4,313 ) $ (1,914 ) $ (8,292 ) Assets December 31, 2021 June 30, 2021 Manufacturing segment assets $ 344,947 $ 364,379 Distribution segment assets 50,899 46,956 Corporate assets and elimination of intercompany assets (131,288 ) (135,922 ) $ 264,558 $ 275,413 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters and two December 31, 2021 December 25, 2020. Net sales by product group for the quarter ended December 31, 2021 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 7,085 $ 1,809 $ (1,188 ) $ 7,706 Land-based transmissions 12,326 6,497 (5,505 ) 13,318 Marine and propulsion systems 29,861 16,659 (11,000 ) 35,520 Other 26 3,326 (7 ) 3,345 Total $ 49,298 $ 28,291 $ (17,700 ) $ 59,889 Net sales by product group for the quarter ended December 25, 2020 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,287 $ 1,308 $ (1,309 ) $ 5,286 Land-based transmissions 10,101 6,308 (4,669 ) 11,740 Marine and propulsion systems 26,300 14,216 (10,381 ) 30,135 Other 17 1,391 (12 ) 1,396 Total $ 41,705 $ 23,223 $ (16,371 ) $ 48,557 Net sales by product group for the two December 31, 2021 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 12,992 $ 2,927 $ (2,081 ) $ 13,838 Land-based transmissions 23,710 11,602 (9,752 ) 25,560 Marine and propulsion systems 54,148 28,222 (20,216 ) 62,154 Other 43 6,074 (19 ) 6,098 Total $ 90,893 $ 48,825 $ (32,068 ) $ 107,650 Net sales by product group for the two December 25, 2020 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 10,093 $ 2,679 $ (2,062 ) $ 10,710 Land-based transmissions 20,595 12,374 (8,969 ) 24,000 Marine and propulsion systems 49,479 26,975 (20,144 ) 56,310 Other 33 3,701 (17 ) 3,717 Total $ 80,200 $ 45,729 $ (31,192 ) $ 94,737

Note F - Stock-based Compensati

Note F - Stock-based Compensation	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	F. Stock-Based Compensation Performance Stock Awards ( PSA ) During the first two 2022 2021, 2022 three June 30, 2024. The fiscal 2021 three June 30, 2023. There were 440.9 and 433.1 unvested PSAs outstanding at December 31, 2021 December 25, 2020, December 31, 2021 December 25, 2020, two December 31, 2021 December 25, 2020, December 31, 2021 December 31, 2021, 2022, 2021 2020 December 31, 2021 December 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 two 2022 2021, December 31, 2021 December 25, 2020, two December 31, 2021 December 25, 2020, December 31, 2021 December 25, 2020, two December 31, 2021 December 25, 2020, December 31, 2021 December 25, 2020 December 31, 2021, three Restricted Stock Unit Awards ( RSU ) Under the 2018 2021 three first two 2022 2021, December 31, 2021 December 25, 2020, two December 31, 2021 December 25, 2020, December 31, 2021 December 25, 2020 December 31, 2021 December 31, 2021, two

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	6 Months Ended
	Dec. 31, 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 For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Pension Benefits: Service cost $ 130 $ 146 $ 269 $ 289 Prior service cost 10 16 20 32 Interest cost 681 690 1,347 1,357 Expected return on plan assets (1,255 ) (1,133 ) (2,514 ) (2,266 ) Amortization of transition obligation 9 9 18 18 Amortization of prior service cost (4 ) (4 ) (8 ) (8 ) Amortization of actuarial net loss 562 811 1,124 1,623 Net periodic benefit cost $ 133 $ 535 $ 256 $ 1,045 Postretirement Benefits: Service cost $ 4 $ 4 $ 8 $ 8 Interest cost 35 39 70 77 Amortization of prior service cost (69 ) (69 ) (138 ) (137 ) Net periodic benefit gain $ (30 ) $ (26 ) $ (60 ) $ (52 ) 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. two December 31, 2021, The Company has reclassified $623 (net of ($115) in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the quarter ended December 31, 2021, December 25, 2020. two December 31, 2021, two December 25, 2020.

Note H - Income Taxes

Note H - Income Taxes	6 Months Ended
	Dec. 31, 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. In situations in which an entity is in a loss position and recognizes a full valuation allowance, the guidance in ASC 740 270 25 9 may 740 10 For the two December 31, 2021 December 25, 2020 December 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 $762 of unrecognized tax benefits, including related interest and penalties, as of December 31, 2021, no December 31, 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. 2017. 2022.

Note I - Intangible Assets

Note I - Intangible Assets	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I. Intangible Assets As of December 31, 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 Addition 4 - $ 4 - - - 4 Amortization - (1,630 ) $ (1,630 ) (826 ) (600 ) (90 ) (114 ) Translation adjustment (645 ) - $ (645 ) (403 ) (186 ) (50 ) (6 ) Balance at December 31, 2021 $ 40,501 $ (25,292 ) $ 15,209 $ 9,092 $ 4,097 $ 1,142 $ 878 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 $804 and $843 for the quarters ended December 31, 2021, December 25, 2020, two December 31, 2021, December 25, 2020, 2022 five Fiscal Year 2022 1,639 2023 3,022 2024 2,872 2025 2,722 2026 1,376 Thereafter 3,578

Note J - Long-term Debt

Note J - Long-term Debt	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt Long-term debt at December 31, 2021 June 30, 2021 December 31, 2021 June 30, 2021 Credit Agreement Debt Revolving loans (expire June 2023) $ 10,634 $ 15,415 Term loan (due March 2026) 14,500 16,500 Other 121 170 Subtotal 25,255 32,085 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 23,255 $ 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 December 31, 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 December 31, 2021, Other: three five During the quarters ended December 31, 2021, As of December 31, 2021, The Company’s borrowings described above approximate fair value at December 31, 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 December 31, 2021, 815, During the fourth 2021,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	6 Months Ended
	Dec. 31, 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 December 31, 2021 not December 31, 2021 December 25, 2020. The following is a reconciliation of the Company’s equity balances for the first two 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 (loss) income 1,920 60 1,980 Translation adjustments (2,014 ) 76 (1,938 ) Benefit plan adjustments, net of tax 384 384 Unrealized gain on cash flow hedge, 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 Net (loss) income (3,836 ) 86 (3,750 ) Translation adjustments (1,676 ) (25 ) (1,701 ) Benefit plan adjustments, net of tax 623 623 Unrealized gain on cash flow hedge, net of tax 735 735 Compensation expense 595 595 Shares (acquired) issued, net (169 ) (26 ) (195 ) Balance, December 31, 2021 $ 41,591 $ 125,020 $ (24,359 ) $ (14,968 ) $ 647 $ 127,931 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 Net (loss) income (4,313 ) 33 (4,280 ) Translation adjustments 4,887 12 4,899 Benefit plan adjustments, net of tax 555 555 Unrealized gain on cash flow hedge, net of tax 104 104 Compensation expense 562 562 Shares (acquired) issued, net (1,458 ) 1,458 - Balance, December 25, 2020 $ 39,918 $ 148,363 $ (31,452 ) $ (15,102 ) $ 668 $ 142,395 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the quarters ended December 31, 2021 December 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 adjustment during the quarter (1,676 ) - - - Amounts reclassified from accumulated other comprehensive income - 623 232 503 Net current period other comprehensive (loss) income (1,676 ) 623 232 503 Balance at December 31, 2021 5,502 (30,456 ) (378 ) 973 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 ) Translation adjustment during the quarter 4,887 - - Amounts reclassified from accumulated other comprehensive income - 555 104 Net current period other comprehensive income 4,887 555 104 Balance at December 25, 2020 $ 11,941 $ (42,468 ) $ (925 ) Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended December 31, 2021 Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 31, 2021 December 31, 2021 Changes in benefit plan items Actuarial losses $ 572 (a) $ 1,137 (a) Transition asset and prior service benefit (64 ) (a) (128 ) (a) Total amortization 508 1,009 Income tax (benefit) expense (115 ) 2 Total reclassification net of tax $ 623 $ 1,007 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended December 25, 2020 Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 25, 2020 December 25, 2020 Changes in benefit plan items Actuarial losses $ 796 (a) $ 1,588 (a) Transition asset and prior service benefit (64 ) (a) (127 ) (a) Total amortization 732 1,461 Income tax expense 177 353 Total reclassification net of tax $ 555 $ 1,108 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Opera

Note L - Restructuring of Operations	6 Months Ended
	Dec. 31, 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 the second second 2022. Total restructuring charges relating to streamlining operations totaled to $1,190 and $120 in the quarters ending December 31, 2021 December 25, 2020, two December 31, 2021 December 25, 2020, June 2015 December 31, 2021 The following is a roll-forward of restructuring activity: Accrued restructuring liability, June 30, 2021 $ 2,352 Additions 1,238 Payments, adjustments and write-offs during the year (1,350 ) Accrued restructuring liability, December 31, 2021 $ 2,240 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	6 Months Ended
	Dec. 31, 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 For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Basic: Net loss $ (3,750 ) $ (4,280 ) $ (1,770 ) $ (8,217 ) Less: Net earnings attributable to noncontrolling interest, net of tax (86 ) (33 ) (144 ) (75 ) Less: Undistributed earnings attributable to unvested shares - - - - Net (loss) income attributable to Twin Disc (3,836 ) (4,313 ) (1,914 ) (8,292 ) Weighted average shares outstanding - basic 13,296 13,255 13,288 13,227 Basic Loss Per Share: Net loss per share - basic $ (0.29 ) $ (0.33 ) $ (0.14 ) $ (0.63 ) Diluted: Net loss $ (3,750 ) $ (4,280 ) $ (1,770 ) $ (8,217 ) Less: Net earnings attributable to noncontrolling interest, net of tax (86 ) (33 ) (144 ) (75 ) Less: Undistributed earnings attributable to unvested shares - - - - Net (loss) income attributable to Twin Disc (3,836 ) (4,313 ) (1,914 ) (8,292 ) Weighted average shares outstanding - basic 13,296 13,255 13,288 13,227 Effect of dilutive stock awards - - - - Weighted average shares outstanding - diluted 13,296 13,255 13,288 13,227 Diluted Loss Per Share: Net loss per share - diluted $ (0.29 ) $ (0.33 ) $ (0.14 ) $ (0.63 ) The following potential common shares were excluded from diluted EPS for the quarter and two December 31, 2021 The following potential common shares were excluded from diluted EPS for the quarter and two December 25, 2020

Note N - Lease Liabilities

Note N - Lease Liabilities	6 Months Ended
	Dec. 31, 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 components of lease expense were as follows: For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Finance lease cost: Amortization of right-of-use assets $ 168 $ 148 $ 331 $ 267 Interest on lease liabilities 71 17 142 35 Operating lease cost 698 795 1,391 1,557 Short-term lease cost 37 3 40 12 Variable lease cost 42 15 81 31 Total lease cost 1,016 978 1,985 1,902 Less: Sublease income (19 ) (56 ) (39 ) (112 ) Net lease cost $ 997 $ 922 $ 1,946 $ 1,790 Other information related to leases was as follows: For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 737 $ 758 $ 1,479 $ 1,528 Operating cash flows from finance leases 211 176 416 310 Financing cash flows from finance leases 71 17 142 35 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 232 105 396 105 Finance leases 133 55 307 4,671 Weighted average remaining lease term (years): Operating leases 9.3 10.6 Finance lease 11.5 12.2 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 December 31, 2021 Operating Leases Finance Leases 2022 $ 1,597 $ 438 2023 2,783 866 2024 2,510 866 2025 1,664 619 2026 1,532 530 Thereafter 9,972 4,550 Total future lease payments 20,058 7,869 Less: Amount representing interest (6,243 ) (2,580 ) Present value of future payments $ 13,815 $ 5,289 The following table provides a summary of leases recorded on the condensed consolidated balance sheet. Balance Sheet Location December 31, 2021 June 30, 2021 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 13,795 $ 14,736 Finance lease right-of-use assets Property, plant and equipment, net 5,113 5,244 Lease Liabilities Operating lease liabilities Accrued liabilities $ 1,910 $ 1,870 Operating lease liabilities Lease obligations 11,905 12,887 Finance lease liabilities Accrued liabilities 579 541 Finance lease liabilities Other long-term liabilities 4,711 4,836

Note O - Derivative Financial I

Note O - Derivative Financial Instruments	6 Months Ended
	Dec. 31, 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 risks relating to interest rate and foreign exchange rate volatility. 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 December 31, 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 $378 and $678 as of December 31, 2021, June 30, 2021, The Company estimates that $278 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, €6,500, December 31, 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 December 31, 2021 June 30, 2021 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 277 $ 346 Interest rate swap Other long-term liabilities $ 311 $ 542 The impact of the Company’s derivative instruments on the condensed consolidated statements of operations and comprehensive (loss) income for the quarters and two December 31, 2021 December 25, 2020, For the Quarter Ended For the Two Quarters Ended Statement of Comprehensive Income Location December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Derivative designated as hedge: Interest rate swap Interest expense $ 98 $ 101 $ 187 $ 199 Interest rate swap Unrealized gain (loss) on cash flow hedge 232 104 300 179 Net investment hedge Unrealized gain on hedges 503 - 639 - Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ - $ - $ - $ (13 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 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)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2021 June 30, 2021 Inventories: Finished parts $ 61,551 $ 59,761 Work in process 19,924 17,908 Raw materials 42,453 37,298 $ 123,928 $ 114,967

Note C - Warranty (Tables)

Note C - Warranty (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Reserve balance, beginning of period $ 3,560 $ 4,682 $ 4,369 $ 4,460 Current period expense and adjustments 585 711 319 1,745 Payments or credits to customers (638 ) (971 ) (1,169 ) (1,819 ) Translation (24 ) 52 (36 ) 88 Reserve balance, end of period $ 3,483 $ 4,474 $ 3,483 $ 4,474

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Net sales Manufacturing segment sales $ 49,298 $ 41,705 $ 90,893 $ 80,200 Distribution segment sales 28,291 23,223 48,825 45,729 Inter/Intra segment elimination – manufacturing (13,200 ) (12,170 ) (24,143 ) (22,908 ) Inter/Intra segment elimination – distribution (4,500 ) (4,201 ) (7,925 ) (8,284 ) $ 59,889 $ 48,557 $ 107,650 $ 94,737 Net (loss) income attributable to Twin Disc Manufacturing segment net (loss) income $ (1,601 ) $ (3,112 ) $ 3,231 $ (5,774 ) Distribution segment net income 1,496 500 1,979 1,655 Corporate and eliminations (3,731 ) (1,701 ) (7,124 ) (4,173 ) $ (3,836 ) $ (4,313 ) $ (1,914 ) $ (8,292 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets December 31, 2021 June 30, 2021 Manufacturing segment assets $ 344,947 $ 364,379 Distribution segment assets 50,899 46,956 Corporate assets and elimination of intercompany assets (131,288 ) (135,922 ) $ 264,558 $ 275,413
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 7,085 $ 1,809 $ (1,188 ) $ 7,706 Land-based transmissions 12,326 6,497 (5,505 ) 13,318 Marine and propulsion systems 29,861 16,659 (11,000 ) 35,520 Other 26 3,326 (7 ) 3,345 Total $ 49,298 $ 28,291 $ (17,700 ) $ 59,889 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,287 $ 1,308 $ (1,309 ) $ 5,286 Land-based transmissions 10,101 6,308 (4,669 ) 11,740 Marine and propulsion systems 26,300 14,216 (10,381 ) 30,135 Other 17 1,391 (12 ) 1,396 Total $ 41,705 $ 23,223 $ (16,371 ) $ 48,557 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 12,992 $ 2,927 $ (2,081 ) $ 13,838 Land-based transmissions 23,710 11,602 (9,752 ) 25,560 Marine and propulsion systems 54,148 28,222 (20,216 ) 62,154 Other 43 6,074 (19 ) 6,098 Total $ 90,893 $ 48,825 $ (32,068 ) $ 107,650 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 10,093 $ 2,679 $ (2,062 ) $ 10,710 Land-based transmissions 20,595 12,374 (8,969 ) 24,000 Marine and propulsion systems 49,479 26,975 (20,144 ) 56,310 Other 33 3,701 (17 ) 3,717 Total $ 80,200 $ 45,729 $ (31,192 ) $ 94,737

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Pension Benefits: Service cost $ 130 $ 146 $ 269 $ 289 Prior service cost 10 16 20 32 Interest cost 681 690 1,347 1,357 Expected return on plan assets (1,255 ) (1,133 ) (2,514 ) (2,266 ) Amortization of transition obligation 9 9 18 18 Amortization of prior service cost (4 ) (4 ) (8 ) (8 ) Amortization of actuarial net loss 562 811 1,124 1,623 Net periodic benefit cost $ 133 $ 535 $ 256 $ 1,045 Postretirement Benefits: Service cost $ 4 $ 4 $ 8 $ 8 Interest cost 35 39 70 77 Amortization of prior service cost (69 ) (69 ) (138 ) (137 ) Net periodic benefit gain $ (30 ) $ (26 ) $ (60 ) $ (52 )

Note I - Intangible Assets (Tab

Note I - Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 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 Addition 4 - $ 4 - - - 4 Amortization - (1,630 ) $ (1,630 ) (826 ) (600 ) (90 ) (114 ) Translation adjustment (645 ) - $ (645 ) (403 ) (186 ) (50 ) (6 ) Balance at December 31, 2021 $ 40,501 $ (25,292 ) $ 15,209 $ 9,092 $ 4,097 $ 1,142 $ 878
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2022 1,639 2023 3,022 2024 2,872 2025 2,722 2026 1,376 Thereafter 3,578

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2021 June 30, 2021 Credit Agreement Debt Revolving loans (expire June 2023) $ 10,634 $ 15,415 Term loan (due March 2026) 14,500 16,500 Other 121 170 Subtotal 25,255 32,085 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 23,255 $ 30,085

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	6 Months Ended
	Dec. 31, 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 (loss) income 1,920 60 1,980 Translation adjustments (2,014 ) 76 (1,938 ) Benefit plan adjustments, net of tax 384 384 Unrealized gain on cash flow hedge, 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 Net (loss) income (3,836 ) 86 (3,750 ) Translation adjustments (1,676 ) (25 ) (1,701 ) Benefit plan adjustments, net of tax 623 623 Unrealized gain on cash flow hedge, net of tax 735 735 Compensation expense 595 595 Shares (acquired) issued, net (169 ) (26 ) (195 ) Balance, December 31, 2021 $ 41,591 $ 125,020 $ (24,359 ) $ (14,968 ) $ 647 $ 127,931 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 Net (loss) income (4,313 ) 33 (4,280 ) Translation adjustments 4,887 12 4,899 Benefit plan adjustments, net of tax 555 555 Unrealized gain on cash flow hedge, net of tax 104 104 Compensation expense 562 562 Shares (acquired) issued, net (1,458 ) 1,458 - Balance, December 25, 2020 $ 39,918 $ 148,363 $ (31,452 ) $ (15,102 ) $ 668 $ 142,395
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 adjustment during the quarter (1,676 ) - - - Amounts reclassified from accumulated other comprehensive income - 623 232 503 Net current period other comprehensive (loss) income (1,676 ) 623 232 503 Balance at December 31, 2021 5,502 (30,456 ) (378 ) 973 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 ) Translation adjustment during the quarter 4,887 - - Amounts reclassified from accumulated other comprehensive income - 555 104 Net current period other comprehensive income 4,887 555 104 Balance at December 25, 2020 $ 11,941 $ (42,468 ) $ (925 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 31, 2021 December 31, 2021 Changes in benefit plan items Actuarial losses $ 572 (a) $ 1,137 (a) Transition asset and prior service benefit (64 ) (a) (128 ) (a) Total amortization 508 1,009 Income tax (benefit) expense (115 ) 2 Total reclassification net of tax $ 623 $ 1,007 Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 25, 2020 December 25, 2020 Changes in benefit plan items Actuarial losses $ 796 (a) $ 1,588 (a) Transition asset and prior service benefit (64 ) (a) (127 ) (a) Total amortization 732 1,461 Income tax expense 177 353 Total reclassification net of tax $ 555 $ 1,108

Note L - Restructuring of Ope_2

Note L - Restructuring of Operations (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2021 $ 2,352 Additions 1,238 Payments, adjustments and write-offs during the year (1,350 ) Accrued restructuring liability, December 31, 2021 $ 2,240

Note M - Earnings Per Share (Ta

Note M - Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Basic: Net loss $ (3,750 ) $ (4,280 ) $ (1,770 ) $ (8,217 ) Less: Net earnings attributable to noncontrolling interest, net of tax (86 ) (33 ) (144 ) (75 ) Less: Undistributed earnings attributable to unvested shares - - - - Net (loss) income attributable to Twin Disc (3,836 ) (4,313 ) (1,914 ) (8,292 ) Weighted average shares outstanding - basic 13,296 13,255 13,288 13,227 Basic Loss Per Share: Net loss per share - basic $ (0.29 ) $ (0.33 ) $ (0.14 ) $ (0.63 ) Diluted: Net loss $ (3,750 ) $ (4,280 ) $ (1,770 ) $ (8,217 ) Less: Net earnings attributable to noncontrolling interest, net of tax (86 ) (33 ) (144 ) (75 ) Less: Undistributed earnings attributable to unvested shares - - - - Net (loss) income attributable to Twin Disc (3,836 ) (4,313 ) (1,914 ) (8,292 ) Weighted average shares outstanding - basic 13,296 13,255 13,288 13,227 Effect of dilutive stock awards - - - - Weighted average shares outstanding - diluted 13,296 13,255 13,288 13,227 Diluted Loss Per Share: Net loss per share - diluted $ (0.29 ) $ (0.33 ) $ (0.14 ) $ (0.63 )

Note N - Lease Liabilities (Tab

Note N - Lease Liabilities (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Finance lease cost: Amortization of right-of-use assets $ 168 $ 148 $ 331 $ 267 Interest on lease liabilities 71 17 142 35 Operating lease cost 698 795 1,391 1,557 Short-term lease cost 37 3 40 12 Variable lease cost 42 15 81 31 Total lease cost 1,016 978 1,985 1,902 Less: Sublease income (19 ) (56 ) (39 ) (112 ) Net lease cost $ 997 $ 922 $ 1,946 $ 1,790
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 737 $ 758 $ 1,479 $ 1,528 Operating cash flows from finance leases 211 176 416 310 Financing cash flows from finance leases 71 17 142 35 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 232 105 396 105 Finance leases 133 55 307 4,671 Weighted average remaining lease term (years): Operating leases 9.3 10.6 Finance lease 11.5 12.2 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 $ 1,597 $ 438 2023 2,783 866 2024 2,510 866 2025 1,664 619 2026 1,532 530 Thereafter 9,972 4,550 Total future lease payments 20,058 7,869 Less: Amount representing interest (6,243 ) (2,580 ) Present value of future payments $ 13,815 $ 5,289
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location December 31, 2021 June 30, 2021 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 13,795 $ 14,736 Finance lease right-of-use assets Property, plant and equipment, net 5,113 5,244 Lease Liabilities Operating lease liabilities Accrued liabilities $ 1,910 $ 1,870 Operating lease liabilities Lease obligations 11,905 12,887 Finance lease liabilities Accrued liabilities 579 541 Finance lease liabilities Other long-term liabilities 4,711 4,836

Note O - Derivative Financial_2

Note O - Derivative Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location December 31, 2021 June 30, 2021 Derivative designated as hedge: Interest rate swap Accrued liabilities $ 277 $ 346 Interest rate swap Other long-term liabilities $ 311 $ 542
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	For the Quarter Ended For the Two Quarters Ended Statement of Comprehensive Income Location December 31, 2021 December 25, 2020 December 31, 2021 December 25, 2020 Derivative designated as hedge: Interest rate swap Interest expense $ 98 $ 101 $ 187 $ 199 Interest rate swap Unrealized gain (loss) on cash flow hedge 232 104 300 179 Net investment hedge Unrealized gain on hedges 503 - 639 - 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	Dec. 31, 2021	Jun. 30, 2021
Finished parts	$ 61,551	$ 59,761
Work in process	19,924	17,908
Raw materials	42,453	37,298
Total inventories	$ 123,928	$ 114,967

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020
Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties, Total	$ 0	$ 321
Product Warranty Accrual, Current	2,930	3,676
Product Warranty Accrual, Noncurrent	$ 553	$ 798

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Reserve balance, beginning of period	$ 3,560	$ 4,682	$ 4,369	$ 4,460
Current period expense and adjustments	585	711	319	1,745
Payments or credits to customers	(638)	(971)	(1,169)	(1,819)
Translation	(24)	52	(36)	88
Reserve balance, end of period	$ 3,483	$ 4,474	$ 3,483	$ 4,474

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	6 Months Ended
	Dec. 31, 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		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Net sales	$ 59,889	$ 48,557	$ 107,650	$ 94,737
Net income (loss)	(3,836)	(4,313)	(1,914)	(8,292)
Intersegment Eliminations [Member]
Net sales	(17,700)	(16,371)	(32,068)	(31,192)
Corporate, Non-Segment [Member]
Net income (loss)	(3,731)	(1,701)	(7,124)	(4,173)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	49,298	41,705	90,893	80,200
Net income (loss)	(1,601)	(3,112)	3,231	(5,774)
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(13,200)	(12,170)	(24,143)	(22,908)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	28,291	23,223	48,825	45,729
Net income (loss)	1,496	500	1,979	1,655
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (4,500)	$ (4,201)	$ (7,925)	$ (8,284)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Segment Assets	$ 264,558	$ 275,413
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	344,947	364,379
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	50,899	46,956
Corporate, Non-Segment [Member]
Segment Assets	$ (131,288)	$ (135,922)

Note E - Business Segments - Ne

Note E - Business Segments - Net Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Net Sales	$ 59,889	$ 48,557	$ 107,650	$ 94,737
Intersegment Eliminations [Member]
Net Sales	(17,700)	(16,371)	(32,068)	(31,192)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	49,298	41,705	90,893	80,200
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(13,200)	(12,170)	(24,143)	(22,908)
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	28,291	23,223	48,825	45,729
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(4,500)	(4,201)	(7,925)	(8,284)
Industrial [Member]
Net Sales	7,706	5,286	13,838	10,710
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(1,188)	(1,309)	(2,081)	(2,062)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	7,085	5,287	12,992	10,093
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	1,809	1,308	2,927	2,679
Land Based Transmissions [Member]
Net Sales	13,318	11,740	25,560	24,000
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(5,505)	(4,669)	(9,752)	(8,969)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	12,326	10,101	23,710	20,595
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	6,497	6,308	11,602	12,374
Marine and Propulsion Systems [Member]
Net Sales	35,520	30,135	62,154	56,310
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(11,000)	(10,381)	(20,216)	(20,144)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	29,861	26,300	54,148	49,479
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	16,659	14,216	28,222	26,975
Other [Member]
Net Sales	3,345	1,396	6,098	3,717
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(7)	(12)	(19)	(17)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	26	17	43	33
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 3,326	$ 1,391	$ 6,074	$ 3,701

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 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		155,400		334,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	440,900	433,100	440,900	433,100
Share-based Payment Arrangement, Expense	$ 219	$ 131	$ 435	$ 228
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)	$ 9.18		$ 9.18
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 3,211		$ 3,211
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)			44,100	246,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	262,700	380,900	262,700	380,900
Share-based Payment Arrangement, Expense	$ 285	$ 350	$ 619	$ 689
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,046		1,046
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 1,679	$ 533
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)			29,800	0
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)			67,400	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)	67,400	38,000	67,400	38,000
Share-based Payment Arrangement, Expense			$ 92	$ 163
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)	$ 14.19		$ 14.19
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 816		$ 816
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, 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		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ 623	$ 555	$ 1,007	$ 1,108
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	(115)	$ 177	2	$ 353
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 733		733
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 419

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		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Pension Plan [Member]
Service cost	$ 130	$ 146	$ 269	$ 289
Prior service cost	10	16	20	32
Interest cost	681	690	1,347	1,357
Expected return on plan assets	(1,255)	(1,133)	(2,514)	(2,266)
Amortization of transition obligation	9	9	18	18
Amortization of prior service cost	(4)	(4)	(8)	(8)
Amortization of actuarial net loss	562	811	1,124	1,623
Net periodic benefit cost (gain)	133	535	256	1,045
Service cost	130	146	269	289
Other Postretirement Benefits Plan [Member]
Service cost	4	4	8	8
Interest cost	35	39	70	77
Amortization of prior service cost	(69)	(69)	(138)	(137)
Net periodic benefit cost (gain)	(30)	(26)	(60)	(52)
Service cost	$ 4	$ 4	$ 8	$ 8

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020
Effective Income Tax Rate Reconciliation, Percent, Total	130.90%	30.30%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 762
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

Note I - Intangible Assets (Det

Note I - Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)			7 years
Amortization of Intangible Assets, Total	$ 804	$ 843	$ 1,630	$ 1,678

Note I - Intangible Assets - In

Note I - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Balance, Definite Intangible Assets Gross Carrying Amount			$ 41,142
Balance, Definite Intangible Assets Accumulated Amortization/Impairment			(23,662)
Balance, Definite Intangible Assets Net Book Value	$ 15,209		17,480
Addition, Definite Intangible Assets Gross Carrying Amount			4
Addition			4
Amortization, Intangible Asset	(804)	$ (843)	(1,630)	$ (1,678)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount			(645)
Translation adjustment, Definite Intangible Assets Net Book Value			(645)
Balance, Definite Intangible Assets Gross Carrying Amount	40,501		40,501
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(25,292)		(25,292)
Customer Relationships [Member]
Balance, Definite Intangible Assets Net Book Value	9,092		10,321
Addition			0
Amortization, Intangible Asset			(826)
Translation adjustment, Definite Intangible Assets Net Book Value			(403)
Technology-Based Intangible Assets [Member]
Balance, Definite Intangible Assets Net Book Value	4,097		4,883
Addition			0
Amortization, Intangible Asset			(600)
Translation adjustment, Definite Intangible Assets Net Book Value			(186)
Trade Names [Member]
Balance, Definite Intangible Assets Net Book Value	1,142		1,282
Addition			0
Amortization, Intangible Asset			(90)
Translation adjustment, Definite Intangible Assets Net Book Value			(50)
Other Intangible Assets [Member]
Balance, Definite Intangible Assets Net Book Value	$ 878		994
Addition			4
Amortization, Intangible Asset			(114)
Translation adjustment, Definite Intangible Assets Net Book Value			$ (6)

Note I - Intangible Assets - Es

Note I - Intangible Assets - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Dec. 31, 2021USD ($)
2022	$ 1,639
2023	3,022
2024	2,872
2025	2,722
2026	1,376
Thereafter	$ 3,578

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) $ in Thousands	6 Months Ended
	Dec. 31, 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	43
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	$ 14,500			$ 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	$ 34,669
Line of Credit Facility, Remaining Borrowing Capacity	$ 24,035
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	Dec. 31, 2021	Jun. 30, 2021
Long-term debt	$ 25,255	$ 32,085
Less: current maturities	(2,000)	(2,000)
Total long-term debt	23,255	30,085
Revolving Loan [Member]
Long-term debt	10,634	15,415
Term Loan [Member]
Long-term debt	14,500	16,500
Other Long-Term Debt [Member]
Long-term debt	$ 121	$ 170

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - shares shares in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 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				6 Months Ended
	Dec. 31, 2021	Sep. 24, 2021	Dec. 25, 2020	Sep. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Balance	$ 131,624	$ 130,660	$ 140,555	$ 139,958	$ 130,660	$ 139,958
Net loss	(3,750)	1,980	(4,280)	(3,937)	(1,770)	(8,217)
Translation adjustments	(1,701)	(1,938)	4,899	3,612	(3,639)	8,511
Benefit plan adjustments, net of tax	623	384	555	553	1,007	1,108
Unrealized gain (loss) on hedges	735	204	104	75	939	179
Compensation expense	595	625	562	518
Shares (acquired) issued, net	(195)	(291)	0	(224)
Balance	127,931	131,624	142,395	140,555	127,931	142,395
Common Stock [Member]
Balance	41,165	40,972	40,814	42,756	40,972	42,756
Net loss
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense	595	625	562	518
Shares (acquired) issued, net	(169)	(432)	(1,458)	(2,460)
Balance	41,591	41,165	39,918	40,814	41,591	39,918
Retained Earnings [Member]
Balance	128,856	126,936	152,676	156,655	126,936	156,655
Net loss	(3,836)	1,920	(4,313)	(3,979)
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense
Shares (acquired) issued, net
Balance	125,020	128,856	148,363	152,676	125,020	148,363
AOCI Attributable to Parent [Member]
Balance	(24,041)	(22,615)	(36,998)	(41,226)	(22,615)	(41,226)
Net loss
Translation adjustments	(1,676)	(2,014)	4,887	3,600
Benefit plan adjustments, net of tax	623	384	555	553
Unrealized gain (loss) on hedges	735	204	104	75
Compensation expense
Shares (acquired) issued, net
Balance	(24,359)	(24,041)	(31,452)	(36,998)	(24,359)	(31,452)
Treasury Stock [Member]
Balance	(14,942)	(15,083)	(16,560)	(18,796)	(15,083)	(18,796)
Net loss
Translation adjustments
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense
Shares (acquired) issued, net	(26)	141	1,458	2,236
Balance	(14,968)	(14,942)	(15,102)	(16,560)	(14,968)	(15,102)
Noncontrolling Interest [Member]
Balance	586	450	623	569	450	569
Net loss	86	60	33	42
Translation adjustments	(25)	76	12	12
Benefit plan adjustments, net of tax
Unrealized gain (loss) on hedges
Compensation expense
Shares (acquired) issued, net
Balance	$ 647	$ 586	$ 668	$ 623	$ 647	$ 668

Note K - Shareholders' Equity_3

Note K - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2021	Sep. 24, 2021	Dec. 25, 2020	Sep. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Balance	$ 131,624	$ 130,660	$ 140,555	$ 139,958	$ 130,660	$ 139,958
Translation adjustment during the quarter	(1,701)	(1,938)	4,899	3,612	(3,639)	8,511
Balance	127,931	131,624	142,395	140,555	127,931	142,395
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	7,178	9,192	7,054	3,454	9,192	3,454
Translation adjustment during the quarter	(1,676)	(2,014)	4,887	3,600
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Net current period other comprehensive (loss) income	(1,676)	(2,014)	4,887	3,600
Balance	5,502	7,178	11,941	7,054	5,502	11,941
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(31,079)	(31,463)	(43,023)	(43,576)	(31,463)	(43,576)
Translation adjustment during the quarter	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	623	384	555	553
Net current period other comprehensive (loss) income	623	384	555	553
Balance	(30,456)	(31,079)	(42,468)	(43,023)	(30,456)	(42,468)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(610)	(678)	(1,029)	(1,104)	(678)	(1,104)
Translation adjustment during the quarter	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	232	68	104	75
Net current period other comprehensive (loss) income	232	68	104	75
Balance	(378)	(610)	$ (925)	$ (1,029)	(378)	$ (925)
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	470	334			334
Translation adjustment during the quarter	0	0
Amounts reclassified from accumulated other comprehensive income	503	136
Net current period other comprehensive (loss) income	503	136
Balance	$ 973	$ 470			$ 973

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					6 Months Ended
		Dec. 31, 2021	Sep. 24, 2021	Dec. 31, 2020	Dec. 25, 2020	Sep. 25, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 25, 2020
Total amortization		$ (3,128)			$ (6,917)		$ (766)		$ (11,784)
Income tax (benefit) expense		622			(2,637)		1,004		(3,567)
Net loss		(3,750)	$ 1,980		$ (4,280)	$ (3,937)	(1,770)		$ (8,217)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	[1]	572		$ 796			1,137	$ 1,588
Transition asset and prior service benefit	[1]	(64)		(64)			(128)	(127)
Total amortization		508		732			1,009	1,461
Income tax (benefit) expense		(115)		177			2	353
Net loss		$ 623		$ 555			$ 1,007	$ 1,108
[1]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Ope_3

Note L - Restructuring of Operations (Details Textual) $ in Thousands	3 Months Ended			6 Months Ended		18 Months Ended	79 Months Ended
	Dec. 31, 2021USD ($)	Sep. 24, 2021USD ($)	Dec. 25, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 25, 2020USD ($)	Dec. 31, 2022	Dec. 31, 2021USD ($)	Jun. 30, 2021USD ($)
Restructuring Reserve, Ending Balance	$ 2,240			$ 2,240			$ 2,240	$ 2,352
Restructuring and Related Cost, Expected Pre-tax Savings				1,600
Restructuring Charges, Total	1,190		$ 120	1,238	$ 525
Proceeds from Sale of Property, Plant, and Equipment, Total				9,152	48
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 and Related Cost, Number of Positions Eliminated							259
Restructuring Reserve, Ending Balance								$ 2,200
Restructuring Reserve, Accrual Adjustment	1,000
Restructuring Charges, Total	$ 1,190		$ 120	$ 1,238	$ 525		$ 16,754
Forecast [Member]
Restructuring and Related Cost, Number of Positions Eliminated						23

Note L - Restructuring of Ope_4

Note L - Restructuring of Operations - Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Accrued restructuring liability			$ 2,352
Restructuring Charges, Total	$ 1,190	$ 120	1,238	$ 525
Payments, adjustments and write-offs during the year			(1,350)
Accrued restructuring liability	$ 2,240		$ 2,240

Note M - Earnings Per Share (De

Note M - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	440,900	433,100	440,900	433,100
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	262,700	380,900	262,700	380,900
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	67,400	38,000	67,400	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				6 Months Ended
	Dec. 31, 2021	Sep. 24, 2021	Dec. 25, 2020	Sep. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Net loss	$ (3,750)	$ 1,980	$ (4,280)	$ (3,937)	$ (1,770)	$ (8,217)
Less: Net earnings attributable to noncontrolling interest, net of tax	(86)		(33)		(144)	(75)
Less: Undistributed earnings attributable to unvested shares	0		0		0	0
Net (loss) income attributable to Twin Disc	$ (3,836)		$ (4,313)		$ (1,914)	$ (8,292)
Weighted average shares outstanding - basic (in shares)	13,296		13,255		13,288	13,227
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.29)		$ (0.33)		$ (0.14)	$ (0.63)
Net loss	$ (3,750)	$ 1,980	$ (4,280)	$ (3,937)	$ (1,770)	$ (8,217)
Net (loss) income attributable to Twin Disc	$ (3,836)		$ (4,313)		$ (1,914)	$ (8,292)
Effect of dilutive stock awards (in shares)	0		0		0	0
Weighted average shares outstanding - diluted (in shares)	13,296		13,255		13,288	13,227
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ (0.29)		$ (0.33)		$ (0.14)	$ (0.63)

Note N - Lease Liabilities - Co

Note N - Lease Liabilities - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Amortization of right-of-use assets	$ 168	$ 148	$ 331	$ 267
Interest on lease liabilities	71	17	142	35
Operating lease cost	698	795	1,391	1,557
Short-term lease cost	37	3	40	12
Variable lease cost	42	15	81	31
Total lease cost	1,016	978	1,985	1,902
Less: Sublease income	(19)	(56)	(39)	(112)
Net lease cost	$ 997	$ 922	$ 1,946	$ 1,790

Note N - Lease Liabilities - Ot

Note N - Lease Liabilities - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Operating cash flows from operating leases	$ 737	$ 758	$ 1,479	$ 1,528
Operating cash flows from finance leases	211	176	416	310
Financing cash flows from finance leases	71	17	142	35
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	232	105	396	105
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 133	$ 55	$ 307	$ 4,671
Weighted average remaining lease term (years): Operating leases (Year)	9 years 3 months 18 days	10 years 7 months 6 days	9 years 3 months 18 days	10 years 7 months 6 days
Weighted average remaining lease term (years): Finance lease (Year)	11 years 6 months	12 years 2 months 12 days	11 years 6 months	12 years 2 months 12 days
Weighted average discount rate: Operating leases	7.20%	7.40%	7.20%	7.40%
Weighted average discount rate: Finance leases	5.20%	5.20%	5.20%	5.20%

Note N - Lease Liabilities - Fu

Note N - Lease Liabilities - Future Minimum Rental Commitments Under Noncancellable Leases (Details) $ in Thousands	Dec. 31, 2021USD ($)
2022, Operating Leases	$ 1,597
2022	438
2023, Operating Leases	2,783
2023	866
2024, Operating Leases	2,510
2024	866
2025, Operating Leases	1,664
2025	619
2026, Operating Leases	1,532
2026	530
Thereafter	9,972
Thereafter	4,550
Total future lease payments, Operating Leases	20,058
Total future lease payments, Finance Leases	7,869
Less: Amount representing interest, Operating Leases	(6,243)
Less: Amount representing interest, Finance Leases	(2,580)
Present value of future payments, Operating Leases	13,815
Present value of future payments, Finance Leases	$ 5,289

Note N - Lease Liabilities - _2

Note N - Lease Liabilities - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Operating lease right-of-use assets	$ 13,795	$ 14,736
Operating lease liabilities	11,905	12,887
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets	5,113	5,244
Accrued Liabilities [Member]
Operating lease liabilities	1,910	1,870
Finance lease liabilities	579	541
Lease Obligation [Member]
Operating lease liabilities	11,905	12,887
Other Noncurrent Liabilities [Member]
Finance lease liabilities	$ 4,711	$ 4,836

Note O - Derivative Financial_3

Note O - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2021EUR (€)	Sep. 24, 2021USD ($)	Dec. 25, 2020USD ($)	Sep. 25, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 29, 2018USD ($)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 127,931	$ 130,660		$ 131,624	$ 142,395	$ 140,555	$ 139,958
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	278
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ (378)	(678)		$ (610)	$ (925)	$ (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	$ 14,500							$ 20,000
Euro Denominated Revolving Loan [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount | €			€ 6.5
Derivative, Gain (Loss) on Derivative, Net, Total	$ 973	$ 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	Dec. 31, 2021	Jun. 30, 2021
Accounts Payable and Accrued Liabilities [Member]
Derivative Liabilities, Current	$ 277	$ 346
Other Noncurrent Liabilities [Member]
Derivative Liabilities, Noncurrent	$ 311	$ 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				6 Months Ended
	Dec. 31, 2021	Sep. 24, 2021	Dec. 25, 2020	Sep. 25, 2020	Dec. 31, 2021	Dec. 25, 2020
Unrealized gain (loss) on hedges	$ 735	$ 204	$ 104	$ 75	$ 939	$ 179
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	232		104		300	179
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	98		101		187	199
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]
Gain (loss) on derivative instruments	0		0		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	$ 503		$ 0		$ 639	$ 0