Twin Disc (TWIN) 10-K 8 Sep 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2022	Aug. 24, 2022	Dec. 31, 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	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2022
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 116,665,389
Entity Common Stock, Shares Outstanding		13,784,266
Auditor Name	RSM US LLP
Auditor Location	Milwaukee, Wisconsin
Auditor Firm ID	49

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets:
Cash	$ 12,521	$ 12,340
Trade accounts receivable, net	45,452	39,491
Inventories	127,109	114,967
Assets held for sale	2,968	9,539
Prepaid expenses	7,756	5,704
Other	8,646	9,926
Total current assets	204,452	191,967
Property, plant and equipment, net	41,615	45,463
Right-of-use assets operating leases	12,685	14,736
Intangible assets, net	13,010	17,480
Deferred income taxes	2,178	2,511
Other assets	2,583	3,256
Total assets	276,523	275,413
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Accounts payable	28,536	31,011
Accrued liabilities	50,542	45,549
Total current liabilities	81,078	78,560
Long-term debt	34,543	30,085
Lease obligations	10,575	12,887
Accrued retirement benefits	9,974	11,176
Deferred income taxes	3,802	5,045
Other long-term liabilities	5,363	7,000
Total liabilities	145,335	144,753
Commitments and contingencies (Note O)
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	42,551	40,972
Retained earnings	135,031	126,936
Accumulated other comprehensive loss	(32,086)	(22,615)
Equity before treasury stock	145,496	145,293
Less treasury stock, at cost (960,459 and 984,139 shares, respectively)	14,720	15,083
Total Twin Disc shareholders' equity	130,776	130,210
Noncontrolling interest	412	450
Total equity	131,188	130,660
Total liabilities and equity	$ 276,523	$ 275,413

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands	Jun. 30, 2022	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)	960,459	984,139

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 242,913	$ 218,581
Cost of goods sold	174,101	167,724
Gross profit	68,812	50,857
Marketing, engineering and administrative expenses	60,085	55,750
Restructuring expenses	973	7,377
Other operating income	(3,282)	0
Income (loss) from operations	11,036	(12,270)
Other income (expense):
Interest expense	(2,128)	(2,358)
Income from extinguishment of loan	0	8,200
Other income (expense), net	1,321	(3,411)
Non-operating income (expense)	(807)	2,431
Income (loss) before income taxes and noncontrolling interest	10,229	(9,839)
Income tax expense	1,823	19,680
Net income (loss)	8,406	(29,519)
Less: Net earnings attributable to noncontrolling interest, net of tax	(311)	(200)
Net income (loss) attributable to Twin Disc	$ 8,095	$ (29,719)
Income (loss) per share data:
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.61	$ (2.24)
Diluted loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.60	$ (2.24)
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,353	13,247
Dilutive stock awards (in shares)	29	0
Diluted shares outstanding (in shares)	13,382	13,247
Comprehensive loss
Net income (loss)	$ 8,406	$ (29,519)
Foreign currency translation adjustment	(11,593)	5,639
Benefit plan adjustments, net of income taxes of $7 and $3,791, respectively	(263)	12,113
Unrealized gain on hedges, net of income taxes of $0 and 235, respectively	2,250	760
Comprehensive loss	(1,200)	(11,007)
Less: Comprehensive income (loss) attributable to noncontrolling interest	176	(101)
Comprehensive loss attributable to Twin Disc	$ (1,024)	$ (11,108)

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Benefit plan adjustments, income taxes	$ 7	$ 3,791
Unrealized loss on cash flow hedge, income taxes	$ 0	$ 235

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 8,406	$ (29,519)
Adjustments to reconcile net income (loss) to net cash (used) provided by operating activities:
Depreciation and amortization	9,547	11,243
Gain on sale of assets	(3,126)	0
Income from extinguishment of loan	0	(8,200)
Restructuring of operations	(1,328)	6,619
Stock compensation expense	2,428	2,154
Provision for deferred income taxes	(849)	17,655
Other, net	201	798
Changes in operating assets and liabilities
Trade accounts receivable	(8,405)	(7,810)
Inventories	(18,552)	9,063
Other assets	(3,081)	(5,007)
Accounts payable	(638)	4,606
Accrued liabilities	8,581	7,058
Accrued retirement benefits	(1,497)	(2,132)
Net cash (used) provided by operating activities	(8,312)	6,528
Cash flows from investing activities:
Capital expenditures	(4,729)	(4,464)
Proceeds on note receivable	500	1,500
Proceeds from sale of plant assets	9,455	102
Proceeds from life insurance policy	0	253
Other, net	675	(133)
Net cash provided (used) by investing activities	5,901	(2,742)
Cash flows from financing activities:
Borrowings under revolving loan agreement	104,473	76,335
Repayments under revolving loan agreement	(95,704)	(78,370)
Repayments of long-term borrowings	(3,081)	(1,091)
Payments of finance lease obligations	(933)	(747)
Payments of withholding taxes on stock compensation	(487)	(224)
Dividends paid to noncontrolling interest	(214)	(220)
Net cash provided (used) by financing activities	4,054	(4,317)
Effect of exchange rate changes on cash	(1,462)	2,183
Net change in cash	181	1,652
Cash:
Beginning of year	12,340	10,688
End of year	12,521	12,340
Supplemental cash flow information:
Interest	2,254	2,366
Income taxes	$ 3,190	$ 3,257

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance at Jun. 30, 2020	$ 42,756	$ 156,655	$ (41,226)	$ (18,796)	$ 569	$ 139,958
Net income (loss)		(29,719)			200	(29,519)
Translation adjustments			5,738		(99)	5,639
Benefit plan adjustments, net of tax			12,113			12,113
Unrealized gain (loss) on hedges			760			760
Cash dividends					(220)	(220)
Compensation expense	2,154					2,154
Shares (acquired) issued, net	(3,938)			3,713		(225)
Balance at Jun. 30, 2021	40,972	126,936	(22,615)	(15,083)	450	130,660
Net income (loss)		8,095			311	8,406
Translation adjustments			(11,458)		(135)	(11,593)
Benefit plan adjustments, net of tax			(263)			(263)
Unrealized gain (loss) on hedges			2,250			2,250
Cash dividends					(214)	(214)
Compensation expense	2,428					2,428
Shares (acquired) issued, net	(849)			363		(486)
Balance at Jun. 30, 2022	$ 42,551	$ 135,031	$ (32,086)	$ (14,720)	$ 412	$ 131,188

Note A - Significant Accounting

Note A - Significant Accounting Policies	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. SIGNIFICANT ACCOUNTING POLICIES COVID- 19 Throughout this report, references made to “COVID- 19” March 2020. The full impact of the COVID- 19 19 Significant Accounting Policies The following is a summary of the significant accounting policies followed in the preparation of these financial statements: Consolidation Principles 2021, not Management Estimates-- Translation of Foreign Currencies 2022 2021, Cash three not Accounts Receivable June 30, 2022 2021, may may Fair Value of Financial Instruments . 1 2 June 30, 2022. June 30, 2022. 2 Derivative Financial Instruments - Inventories Assets Held for Sale-- Assets Held for Sale are carried at fair value less costs to sell, or net book value, whichever is lower. The Company ceases to record depreciation expense at the time of designation as held for sale. During fiscal 2021, 2022, Property, Plant and Equipment and Depreciation not Right of Use Lease Assets 842, twelve 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 Impairment of Long-lived Assets may not may third Intangible Assets Income Taxes not not not Revenue Recognition five 1. identify the contract with a customer 2. identify the performance obligations in the contract 3. determine the transaction price 4. allocate the transaction price to the performance obligations in the contract 5. recognize revenue not not no Goods sold to third Shipping and Handling Fees and Costs Recently Adopted Accounting Standards a. In August 2018, 2018 13 820, Fair Value Measurement July 1, 2021. not b. In August 2018, 2018 14 July 1, 2021. not New Accounting Releases a. In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 b. In December 2019, 2019 12 December 15, 2021 ( 2022 c. In March 2021 January 2022, 2021 04 2022 01, March 12, 2021, may December 31, 2022. Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550, second 2022.

Note B - Inventories

Note B - Inventories	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. INVENTORIES The major classes of inventories at June 30 2022 2021 Finished parts $ 65,789 $ 59,761 Work in process 19,801 17,908 Raw materials 41,519 37,298 $ 127,109 $ 114,967 Inventories stated on a LIFO basis represent approximately 44% and 45% of total inventories at June 30, 2022 2021, June 30, 2022 2021, 2021, not June 30, 2022. June 30, 2021, The Company had reserves for inventory obsolescence of $11,557 and $10,279 at June 30, 2022 2021,

Note C - Property, Plant and Eq

Note C - Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	C. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment at June 30 2022 2021 Land $ 2,163 $ 3,858 Buildings 31,935 30,317 Machinery and equipment 146,054 150,872 180,152 185,047 Less: accumulated depreciation (138,537 ) (139,584 ) $ 41,615 $ 45,463 Included in the above amounts are finance lease right-of-use assets of $4,805 and $5,244 for the years ended June 30, 2022 2021, Depreciation expense for the years ended June 30, 2022 2021

Note D - Intangible Assets

Note D - Intangible Assets	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	D. INTANGIBLE ASSETS At June 30, Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Balance at June 30, 2020 $ 39,245 $ (20,272 ) $ 18,973 $ 11,554 $ 5,784 $ 1,388 $ 247 Addition 833 - 833 - - - 833 Amortization - (3,390 ) (3,390 ) (1,880 ) (1,226 ) (184 ) (100 ) Translation adjustment 1,064 - 1,064 647 325 78 14 Balance at June 30, 2021 41,142 (23,662 ) 17,480 10,321 4,883 1,282 994 Addition 421 - 421 - - - 421 Amortization - (3,173 ) (3,173 ) (1,605 ) (1,163 ) (174 ) (231 ) Translation adjustment (1,718 ) - (1,718 ) (1,080 ) (482 ) (136 ) (20 ) Balance at June 30, 2022 $ 39,845 $ (26,835 ) $ 13,010 $ 7,636 $ 3,238 $ 972 $ 1,164 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 for the years ended June 30, 2022 2021 five Fiscal Year 2023 2,880 2024 2,741 2025 2,590 2026 1,354 2027 1,235 Thereafter 2,210 The changes in the carrying amount of goodwill (impairment charges) are summarized as follows: Net Book Value Rollforward Net Book Value By Reporting Unit Gross Carrying Amount Accumulated Impairment Net Book Value European Propulsion European Industrial Balance at June 30, 2020 $ 39,202 $ (39,202 ) $ - $ - $ - Translation adjustment - - - - - Balance at June 30, 2021 39,202 (39,202 ) - - - Translation adjustment - - - - - Balance at June 30, 2022 $ 39,202 $ (39,202 ) $ - $ - $ -

Note E - Accrued Liabilities

Note E - Accrued Liabilities	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	E. ACCRUED LIABILITIES Accrued liabilities at June 30 2022 2021 Customer deposits $ 17,151 $ 13,124 Salaries and wages 11,272 10,022 Warranty 2,724 3,448 Distributor rebates 2,627 3,190 Retirement benefits 1,738 1,769 Other 15,030 13,996 $ 50,542 $ 45,549

Note F - Warranty

Note F - Warranty	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	F. WARRANTY The Company warrants all assembled products, parts (except component products or parts on which written warranties are issued by the respective manufacturers thereof and are furnished to the original customer, as to which the Company makes no no June 30: 2022 2021 Reserve balance, July 1 $ 4,369 $ 4,460 Current period expense and adjustments 1,570 3,590 Payments or credits to customers (2,501 ) (3,742 ) Translation adjustment (109 ) 61 Reserve balance, June 30 $ 3,329 $ 4,369 The current portion of the warranty accrual ($2,724 and $3,448 for fiscal 2022 2021, 2022 2021,

Note G - Debt

Note G - Debt	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	G. DEBT Long-term debt consisted of the following at June 30: 2022 2021 Credit Agreement Debt Revolving loans (expire June 2025) $ 22,968 $ 15,415 Term loan (due March 2026) 13,500 16,500 Other 75 170 Subtotal 36,543 32,085 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 34,543 $ 30,085 Credit Agreement Debt On June 29, 2018, “2016 not may, not may not On March 4, 2019, second Prior to entering into the Second Amendment, the outstanding principal amount of the term loan (the “Term Loan”) under the Credit Agreement was $10.8 million. On the date of the Second Amendment, the Bank made an additional advance on the Term Loan to the Company in the amount of $9.2 million. The Second Amendment also extended the maturity date of the Term Loan from January 2, 2020 March 4, 2026, June 30, 2019. The Second Amendment also reduced the applicable margin for purposes of determining the interest rate applicable to the Term Loan. Previously, the applicable margin was 3.00%, which was added to the Monthly Reset LIBOR Rate or the Adjusted LIBOR, as applicable. Under the Second Amendment, the applicable margin was between 1.375% and 2.375%, depending on the Company’s total funded debt to EBITDA ratio. The Second Amendment also adjusted certain financial covenants made by the Company under the Credit Agreement. Specifically, the Company covenanted (i) not 1.00 1.00 September 30, 2019 1.00 December 31, 2019 September 30, 2020), not 50% June 30, 2019 On January 28, 2020, third 1.00 1.00 December 27, 2019, 1.00 March 27, 2020, 1.00 June 30, 2020, 1.00 September 25, 2020, 1.00 December 25, 2020. not one On July 22, 2020, fifth June 29, 2018, September 30, 2020 December 31, 2020, June 30, 2021 The Fifth Amendment provides the Company with relief from its Total Funded Debt to EBITDA ratio financial covenant under the Credit Agreement through (and including) the earlier of June 30, 2021 ● The “Applicable Margin” to be applied to Revolving Loans, the Term Loan, and the Commitment/Facility Fee will be increased to 3.25%, 3.875%, and 0.20%, respectively. ● The Company may not ● The Company must maintain liquidity (as defined in the Fifth Amendment) of at least $15.0 million. ● The Company must maintain minimum EBITDA of at least ( 1 June 30, 2020 two September 30, 2020; ( 2 three December 31, 2020; ( 3 four March 31, 2021; 4 four June 30, 2021. For purposes of the minimum EBITDA covenant and the Total Funded Debt to EBITDA ratio, the Fifth Amendment clarified that EBITDA shall exclude any gain that is realized on the forgiveness of the Small Business Administration Paycheck Protection Program loan that the Company previously received. The Fifth Amendment also changed the definition of “LIBOR” (used in calculating interest on Eurodollar Loans), “Monthly Reset LIBOR Rate” (used in calculating interest on LIBOR Loans), and “LIBOR Quoted Rate” (used in the definition of “Base Rate,” which is used in calculating interest on Letters of Credit that are drawn upon and not The Company also entered into a Deposit Account Control Agreement with the Bank, reflecting the Bank’s security interest in deposit accounts the Company maintains with the Bank. Under the Fifth Amendment, the Bank may not On January 27, 2021, No. 6 The Company entered into the Forbearance Agreement because the Company was not three December 25, 2020. January 27, 2021 September 30, 2021, may The Forbearance Agreement also added to the Company’s financial reporting requirements under the Credit Agreement by requiring the Company to provide the Bank with monthly forecasts of the Company’s financial statements, and monthly reports on the Company’s six On September 30, 2021, No. 7 June 29, 2018, The Amended and Restated Forbearance Agreement extended the Forbearance Period through February 28, 2022, ● Permitting the Company to sell its manufacturing facility in Novazzano, Switzerland for a gross sales price of approximately $10 million, resulting in Net Cash Proceeds of approximately $8.7 million (the “Rolla Disposition”). ● Requiring the Company to promptly repatriate approximately $7 million of the Net Cash Proceeds from the Rolla Disposition (the “Rolla Repatriation”), and to apply $1 million of such Net Cash Proceeds to the Term Loan and the remainder to the revolving Loans under the Credit Agreement. ● Upon completion of the Rolla Repatriation: ( 1 2 On February 28, 2022, No. 8 June 29, 2018, The Second Amended and Restated Forbearance Agreement extended the Forbearance Period through June 30, 2022, ● Reduced the portion of the Borrowing Base that is based on Eligible Inventory from the lesser of $35,000,000 or 50% of the value of Eligible Inventory to the lesser of $30,000,000 or 50% of the value of Eligible Inventory. This change was already in effect under the terms of the Amended and Restated Forbearance Agreement, due to the Company’s previously reported sale of its manufacturing facility in Novazzano, Switzerland for a gross sales price of approximately $10,000,000, resulting in Net Cash Proceeds (as defined in the Amended and Restated Forbearance Agreement) of approximately $8,700,000 (the “Rolla Disposition”) and repatriation of approximately $7,000,000 of those Net Cash Proceeds (the “Rolla Repatriation”). ● Reduced the Revolving Credit Commitment from a maximum of $42,500,000 to a maximum of $40,000,000. This change was also already in effect under the terms of the Amended and Restated Forbearance Agreement due to the Rolla Disposition and Rolla Repatriation. The Company also executed a Third Amended and Restated Revolving Note with the Bank, reflecting the maximum Revolving Credit Commitment of $40,000,000. On June 30, 2022, No. 9 June 29, 2018, Pursuant to the Credit Agreement, as in effect prior to the Ninth Amendment, the Bank made a Term Loan to the Company in the principal amount of $20,000,000, and the Company may, not The Ninth Amendment extended the Credit Agreement through June 30, 2025. June 30, 2023. The Ninth Amendment also formally terminated the January 27, 2021 not three December 25, 2020. The Ninth Amendment also replaced LIBOR-based interest rates with different benchmark rates based on the secured overnight financing rate (“SOFR”) or the euro interbank offered rate (the “EURIBO Rate”). Loans under the Credit Agreement are designated either as “SOFR Loans,” which accrue interest at an Adjusted Term SOFR plus an Applicable Margin, or “Eurodollar Loans,” which accrue interest at the EURIBO Rate plus an Applicable Margin. Amounts drawn on a Letter of Credit that are not The Ninth Amendment also reduced the Applicable Margins from the rates that had been in effect during the period of the Forbearance Agreement. During the period covered by the Forbearance Agreement, the Applicable Margins for Revolving Loans, Term Loans, and the Unused Revolving Credit Commitment were 3.25%, 3.875%, and .20%, respectively. Under the Ninth Amendment, the Applicable Margins are between 1.25% and 2.75% for Revolving Loans and Letters of Credit; 1.375% and 2.875% for Term Loans; and .10% and .15% for the Unused Revolving Credit Commitment (each depending on the Company’s Total Funded Debt to EBITDA ratio). The Ninth Amendment also revised the Company’s financial covenants under the Credit Agreement. The Company’s Total Funded Debt to EBITDA ratio (for which the Bank provided relief during period covered by the Forbearance Agreement) may not 1.00, may not 1.00. may not 50% June 30, 2023. Borrowings under the Credit Agreement are secured by substantially all of the Company’s personal property, including accounts receivable, inventory, machinery and equipment, and intellectual property. The Company has also pledged 100% of its equity interests in certain domestic subsidiaries and 65% of its equity interests in certain foreign subsidiaries. The Company also entered into a Collateral Assignment of Rights under Purchase Agreement for its acquisition of Veth Propulsion. To effect these security interests, the Company entered into various amendment and assignment agreements that consent to the assignment of certain agreements previously entered into between the Company and the Bank of Montreal in connection with the 2016 not Upon the occurrence of an Event of Default, BMO may 1 2 3 may three The PPP Loan: On April 17, 2020, 19 two 1.0% April 2022. The PPP Loan is a forgivable loan to the extent proceeds are used to cover qualified documented payroll, mortgage interest, rent, and utility costs over a 24 In accounting for the terms of the PPP Loan, the Company is guided by ASC 470 Debt 450 30 Gain contingency $8,200 not June 16, 2021, 2021. While the loan has been formally forgiven, under the terms of the PPP Loan, the Company remains subject to an audit by the SBA for a period of six 450 Contingencies Other: Other long-term debt pertains mainly to a financing arrangement in Europe. During fiscal 2019, 3 5 842, Leases During fiscal year 2022, As of June 30, 2022, The Company’s borrowings described above approximates fair value at June 30, 2022 June 30, 2021. 2 The Company is party to an interest rate swap arrangement with Bank of Montreal, with an outstanding notional amount of $13,500 as of June 30, 2022, March 2026. 815, Derivatives and Hedging During the fourth 2021, The aggregate scheduled maturities of outstanding long-term debt obligations in subsequent years are as follows: Fiscal Year 2023 $ 2,038 2024 2,014 2025 24,968 2026 5,500 2027 - Thereafter 22 $ 34,543 Other lines of credit: The Company has established unsecured lines of credit, which may June 30, 2022, June 30, 2021.

Note H - Lease Obligations

Note H - Lease Obligations	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	H. LEASE OBLIGATIONS The following table provides a summary of leases recorded on the consolidated balance sheet at June 30. Balance Sheet Location 2022 2021 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 12,685 $ 14,736 Finance lease right-of-use assets Property, plant and equipment, net 4,805 5,244 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,127 $ 1,870 Operating lease liabilities Lease obligations 10,575 12,887 Finance lease liabilities Accrued liabilities 576 541 Finance lease liabilities Other long-term liabilities 4,440 4,836 The components of lease expense for the years ended June 30 2022 2021 Finance lease cost: Amortization of right-of-use assets $ 650 $ 580 Interest on lease liabilities 277 273 Operating lease cost 2,908 2,795 Short-term lease cost 98 24 Variable lease cost 173 159 Total lease cost 4,106 3,831 Less: Sublease income (75 ) (154 ) Net lease cost $ 4,031 $ 3,677 Other information related to leases was as follows: 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,050 $ 3,022 Operating cash flows from finance leases 277 273 Financing cash flows from finance leases 933 747 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 1,192 1,481 Finance leases 406 4,814 Weighted average remaining lease term (years): Operating leases 8.7 9.8 Finance lease 11.3 12.0 Weighted average discount rate: Operating leases 7.1 % 7.2 % Finance leases 5.1 % 5.2 % Approximate future minimum rental commitments under non-cancellable leases as of June 30, 2022 Operating Leases Finance Leases 2023 $ 2,941 $ 855 2024 2,378 821 2025 1,539 578 2026 1,404 512 2027 1,130 457 Thereafter 7,742 3,376 Total future lease payments 17,134 6,598 Less: Amount representing interest (4,432 ) (1,582 ) Present value of future payments $ 12,702 $ 5,016

Note I - Shareholders' Equity

Note I - Shareholders' Equity	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	I. SHAREHOLDERS' EQUITY The total number of shares of common stock outstanding at June 30, 2022 2021 June 30, 2022 2021, 2022 2021, 2022 2021, Under an authorization given by the Board of Directors on July 27, 2012, not two June 30, 2022 2021, Cash dividends per share were $0.00 in both fiscal 2022 2021. The Company is authorized to issue 200,000 shares of preferred stock, none The components of accumulated other comprehensive loss included in equity as of June 30, 2022 2021 2022 2021 Translation adjustments $ (2,266 ) $ 9,192 Benefit plan adjustments, net of income taxes of $ 9,452 9,537 (31,726 ) (678 ) Net loss on cash flow hedge derivatives, net of income taxes of $ 34 211 356 334 Net gain on net investment hedge derivatives, net of income taxes of $ 388 103 1,550 (31,463 ) Accumulated other comprehensive loss $ (32,086 ) $ (22,615 ) A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the years ended June 30, 2022 June 30, 2021 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334 Other comprehensive loss before reclassifications (11,458 ) (1,835 ) - - Amounts reclassified from accumulated other comprehensive loss - 1,572 1,034 1,216 Net current period other comprehensive income (11,458 ) (263 ) 1,034 1,216 Balance at June 30, 2022 $ (2,266 ) $ (31,726 ) $ 356 $ 1,550 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2020 $ 3,454 $ (43,576 ) $ (1,104 ) $ - Other comprehensive loss before reclassifications 5,738 9,783 426 334 Amounts reclassified from accumulated other comprehensive loss - 2,330 - - Net current period other comprehensive loss 5,738 12,113 426 334 Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334 A reconciliation for the reclassifications out of accumulated other comprehensive loss, net of tax, for the year ended June 30, 2022 Amount Reclassified Amortization of benefit plan items Actuarial losses $ (2,376 ) Transition asset and prior service benefit 321 Total before tax benefit (2,055 ) Tax benefit 483 Total reclassification net of tax $ (1,572 ) A reconciliation for the reclassifications out of accumulated other comprehensive loss, net of tax, for the year ended June 30, 2021 Amount Reclassified Amortization of benefit plan items Actuarial losses $ (3,246 ) Transition asset and prior service benefit 187 Total before tax benefit (3,059 ) Tax benefit 729 Total reclassification net of tax $ (2,330 )

Note J - Business Segments and

Note J - Business Segments and Foreign Operations	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	J. BUSINESS SEGMENTS AND FOREIGN OPERATIONS The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy duty off-highway power transmission equipment. Principal products include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, energy and natural resources, government, and industrial markets. Net sales by product group is summarized as follows: 2022 2021 Industrial $ 32,100 $ 23,454 Land-based transmissions 64,904 58,421 Marine and propulsion systems 125,446 127,243 Other 20,463 9,463 Total $ 242,913 $ 218,581 Industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction and oil and gas markets. The land-based transmission products include applications for oil field and natural gas, military and airport rescue and firefighting. The marine and propulsion systems include marine transmission, azimuth drives, controls, surface drives, propellers and boat management systems for the global commercial marine, pleasure craft and patrol boat markets. Other includes non-Twin Disc manufactured product sold through Company-owned distribution entities. The Company has two Information about the Company's segments, before intercompany eliminations, is summarized as follows: 2022 Manufacturing Distribution Total Net Sales $ 217,488 $ 106,731 $ 324,219 Intra-segment sales 4,218 12,987 17,206 Inter-segment sales 60,220 3,880 64,100 Interest income 423 269 692 Interest expense 2,734 1 2,735 Income taxes 795 1,177 1,972 Depreciation and amortization 8,912 294 9,205 Net income attributable to Twin Disc 22,455 3,238 25,692 Assets 364,174 50,958 415,132 Expenditures for segment assets (8,112 ) 386 (7,726 ) 2021 Manufacturing Distribution Total Net Sales $ 191,510 $ 100,221 $ 291,731 Intra-segment sales 9,436 14,746 24,182 Inter-segment sales 44,575 4,393 48,968 Interest income 172 17 189 Interest expense 2,449 1 2,450 Income taxes (980 ) 189 (791 ) Depreciation and amortization 10,455 412 10,867 Net (loss) income attributable to Twin Disc 11,016 105 11,121 Assets 364,379 46,956 411,335 Expenditures for segment assets 3,500 188 3,688 The following is a reconciliation of reportable segment net sales and net income (loss) to the Company’s consolidated totals: 2022 2021 Net sales: Total net sales from reportable segments $ 324,219 $ 291,731 Elimination of inter-company sales (81,305 ) (73,150 ) Total consolidated net sales $ 242,913 $ 218,581 Net income (loss) attributable to Twin Disc: Total net income (loss) from reportable segments $ 25,692 $ 11,121 Other adjustments and corporate expenses (17,598 ) (40,840 ) Total consolidated net loss attributable to Twin Disc $ 8,095 $ (29,719 ) Corporate expenses pertain to certain costs that are not Other significant items: Segment Consolidated Totals Adjustments Totals 2022 Interest income $ 692 $ (664 ) $ 28 Interest expense 2,735 (607 ) 2,128 Income taxes 1,972 (148 ) 1,823 Depreciation and amortization 9,205 342 9,547 Assets 415,132 (138,610 ) 276,523 Expenditures for segment assets (7,726 ) 12,455 4,729 2021 Interest income $ 189 $ (170 ) $ 19 Interest expense 2,450 (92 ) 2,358 Income taxes (791 ) 20,471 19,680 Depreciation and amortization 10,867 376 11,243 Assets 411,335 (135,922 ) 275,413 Expenditures for segment assets 3,688 776 4,464 All adjustments represent inter-company eliminations and corporate amounts. Geographic information about the Company is summarized as follows: 2022 2021 Net sales United States $ 81,454 $ 64,344 Netherlands 28,099 25,790 China 26,870 33,026 Australia 18,404 17,963 Italy 16,577 16,041 Other countries 71,510 61,417 Total $ 242,913 $ 218,581 Net sales by geographic region are based on product shipment destination. Long-lived assets primarily pertain to property, plant and equipment and exclude goodwill, other intangibles, and deferred income taxes. They are summarized as follows: Long-lived assets 2022 2021 United States $ 32,293 $ 34,629 Netherlands 10,471 12,447 Belgium 6,760 8,575 Italy 1,244 1,525 Switzerland 923 503 Other countries 5,191 5,776 Total $ 56,883 $ 63,455 There was one customer, an authorized distributor of the Company, that accounted for 10% of consolidated net sales in fiscal year 2022. no 10% 2021. Disaggregated revenue: The following tables present details deemed most relevant to the users of the financial statements for the years ended June 30, 2022 June 30, 2021. Net sales by product group for the year ended June 30, 2022 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 30,769 $ 5,506 $ (4,175 ) $ 32,100 Land-based transmissions 65,332 30,177 (30,605 ) 64,904 Marine and propulsion systems 112,149 56,909 (43,612 ) 125,446 Other 9,238 14,139 (2,914 ) 20,463 Total $ 217,488 $ 106,731 $ (81,305 ) $ 242,913 Net sales by product group for the year ended June 30, 2021 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 22,621 $ 5,494 $ (4,661 ) $ 23,454 Land-based transmissions 52,441 26,003 (20,023 ) 58,421 Marine and propulsion systems 116,371 59,276 (48,404 ) 127,243 Other 77 9,448 (62 ) 9,463 Total $ 191,510 $ 100,221 $ (73,150 ) $ 218,581

Note K - Stock-based Compensati

Note K - Stock-based Compensation	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	K. STOCK-BASED COMPENSATION In fiscal 2022, 2021 “2021 2021 may one may In fiscal 2021, 2020 “2020 2020 may one 2020 may 2020 may In fiscal 2019, 2018 “2018 2018 may one may Shares available for future awards as of June 30 2022 2021 2020 Directors' Plan 612,981 666,913 2021 LTI Plan 551,901 - Performance Stock Awards ( PSA ) In fiscal 2022 2021, The PSAs granted in fiscal 2022 three June 30, 2024. The PSAs granted in fiscal 2021 three June 30, 2023. There were 320,779 and 388,433 unvested PSAs outstanding at June 30, 2022 2021, June 30, 2022 2021, June 30, 2022 2021, June 30, 2022 June 30, 2022, 2022 2021 2022 2021 Restricted Stock Awards ( RS ) The Company has unvested RS outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation over the vesting period, which is generally 1 to 3 years. During fiscal 2022 2021, 2022 2021, June 30, 2022 2021, June 30, 2022 2021, June 30, 2022 2021, 2022 2021 June 30, 2022, three Restricted Stock Unit Awards ( RSU ) The RSUs entitle the employee to shares of common stock of the Company if the employee remains employed by the Company through a specified date, generally three June 30, 2022 June 30, 2021, June 30, 2022 2021, June 30, 2022 2021, June 30, 2022 June 30, 2022,

Note L - Engineering and Develo

Note L - Engineering and Development Costs	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	L. ENGINEERING AND DEVELOPMENT COSTS Engineering and development costs include research and development expenses for new products, development and major improvements to existing products, and other costs for ongoing efforts to refine existing products. Research and development costs charged to operations totaled $1,576 and $1,867 in fiscal 2022 2021, 2022 2021,

Note M - Pension and Other Post

Note M - Pension and Other Postretirement Benefit Plans	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	M. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Company has non-contributory, qualified defined benefit pension plans covering substantially all domestic employees hired prior to October 1, 2003, January 1, 1997, January 1, 1997 July 31, 2009, In addition, the Company has unfunded, non-qualified retirement plans for certain management employees and Directors. In the case of management employees, benefits are based on an annual credit to a bookkeeping account, intended to restore the benefits that would have been earned under the qualified plans, but for the earnings limitations under the Internal Revenue Code. In the case of Directors, benefits are based on years of service on the Board. All benefits vest upon retirement from the Company. In addition to providing pension benefits, the Company provides other postretirement benefits, including healthcare and life insurance benefits for certain domestic retirees. All employees retiring after December 31, 1992, The measurement date for the Company’s pension and postretirement benefit plans in fiscal 2022 2021 June 30. Obligations and Funded Status The following table sets forth the Company's defined benefit pension plans’ and other postretirement benefit plans’ funded status and the amounts recognized in the Company's balance sheets and statement of operations and comprehensive loss as of June 30: Other Pension Postretirement Benefits Benefits 2022 2021 2022 2021 Change in benefit obligation: Benefit obligation, beginning of year $ 98,700 $ 105,520 $ 6,102 $ 7,059 Service cost 507 608 14 16 Interest cost 2,472 2,516 140 154 Prior service cost 40 65 - - Actuarial (gain) loss (14,253 ) (1,577 ) (786 ) (395 ) Contributions by plan participants 105 114 203 269 Benefits paid (8,022 ) (8,546 ) (888 ) (1,001 ) Benefit obligation, end of year $ 79,549 $ 98,700 $ 4,785 $ 6,102 Change in plan assets: Fair value of assets, beginning of year $ 92,430 $ 83,284 $ - $ - Actual return on plan assets (11,884 ) 15,325 - - Employer contribution 709 2,253 686 732 Contributions by plan participants 105 114 203 269 Benefits paid (8,022 ) (8,546 ) (889 ) (1,001 ) Fair value of assets, end of year $ 73,338 $ 92,430 $ - $ - Funded status $ (6,211 ) $ (6,270 ) $ (4,785 ) $ (6,102 ) Amounts recognized in the balance sheet consist of: Other assets - noncurrent $ - $ 60 $ - $ - Accrued liabilities - current (271 ) (423 ) (751 ) (833 ) Accrued retirement benefits - noncurrent (5,940 ) (5,907 ) (4,034 ) (5,269 ) Net amount recognized $ (6,211 ) $ (6,270 ) $ (4,785 ) $ (6,102 ) Amounts recognized in accumulated other comprehensive loss consist of (net of tax): Net transition obligation $ 102 $ 133 $ - $ - Prior service cost 9 94 (278 ) (487 ) Actuarial net loss 32,453 31,563 (560 ) 160 Net amount recognized $ 32,564 $ 31,790 $ (838 ) $ (327 ) The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year for the qualified defined benefit and other postretirement benefit plans are as follows: Other Pension Postretirement Benefits Benefits Net transition obligation $ 36 $ - Prior service cost 37 (275 ) Actuarial net loss 2,482 (39 ) Net amount to be recognized $ 2,555 $ (314 ) The accumulated benefit obligation for all defined benefit pension plans was approximately $79,549 and $98,700 at June 30, 2022 2021, Information for pension plans with an accumulated benefit obligation in excess of plan assets : June 30 2022 2021 Projected and accumulated benefit obligation $ 79,549 $ 53,780 Fair value of plan assets 73,338 47,450 Components of Net Periodic Benefit Cost: Pension Benefits 2022 2021 Service cost $ 511 $ 615 Interest cost 2,473 2,516 Prior service cost 40 65 Expected return on plan assets (5,055 ) (4,552 ) Amortization of transition obligation 40 40 Amortization of prior service cost (85 ) 47 Amortization of actuarial net loss 2,375 3,246 Net periodic benefit cost $ 299 $ 1,977 Other Postretirement Benefits 2022 2021 Service cost $ 14 $ 16 Interest cost 140 154 Amortization of prior service cost (274 ) (274 ) Net periodic benefit cost $ (120 ) $ (104 ) Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss for Fiscal 2022 Other Postretirement Pension Benefits Net income (loss) $ 2,860 $ (785 ) Amortization of transition asset (40 ) - Amortization of prior service (cost) benefit 85 275 Amortization of net loss (2,375 ) - Total recognized in other comprehensive income 530 (510 ) Net periodic benefit cost (benefit) 299 (120 ) Total recognized in net periodic benefit cost and other comprehensive income $ 829 $ (630 ) Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss for Fiscal 2021 Other Postretirement Pension Benefits Net loss $ (12,460 ) $ (397 ) Amortization of transition asset (40 ) - Amortization of prior service (cost) benefit (47 ) 275 Amortization of net loss (3,246 ) - Total recognized in other comprehensive income (15,793 ) (122 ) Net periodic benefit cost (benefit) 1,977 (104 ) Total recognized in net periodic benefit cost and other comprehensive income $ (13,816 ) $ (226 ) Additional Information Assumptions Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine benefit obligations at June 30 2022 2021 2022 2021 Discount rate 4.61 % 2.63 % 4.83 % 2.47 % Expected return on plan assets 6.13 % 5.69 % Pension Benefits Other Postretirement Benefits Weighted average assumptions used to determine net periodic benefit costs for years ended June 30 2022 2021 2022 2021 Discount rate 2.59 % 2.49 % 2.47 % 2.37 % Expected return on plan assets 5.50 % 5.89 % The assumed weighted-average healthcare cost trend rate was 5.75% in 2022, 2025. Plan Assets The Company’s Benefits Committee (“Committee”), a non-board management committee, oversees investment matters related to the Company’s funded benefit plans. The Committee works with external actuaries and investment consultants on an ongoing basis to establish and monitor investment strategies and target asset allocations. The overall objective of the Committee’s investment strategy is to earn a rate of return over time to satisfy the benefit obligations of the pension plans and to maintain sufficient liquidity to pay benefits and address other cash requirements of the pension plans. The Committee has established an Investment Policy Statement which provides written documentation of the Company’s expectations regarding its investment programs for the pension plans, establishes objectives and guidelines for the investment of the plan assets consistent with the Company’s financial and benefit-related goals, and outlines criteria and procedures for the ongoing evaluation of the investment program. The Company employs a total return on investment approach whereby a mix of investments among several asset classes are used to maximize long-term return of plan assets while avoiding excessive risk. Investment risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews, and annual liability measurements. The Company’s pension plan weighted-average asset allocations at June 30, 2022 2021 Target June 30 Asset Category Allocation 2022 2021 Equity securities 43 % 40 % 53 % Debt securities 50 % 49 % 38 % Real estate 7 % 11 % 9 % 100 % 100 % 100 % Due to market conditions and other factors, actual asset allocation may June 30, 2022 June 30, 2021. The U.S. plans have a long-term return assumption of 6.40%. This rate was derived based upon historical experience and forward-looking return expectations for major asset class categories. The weighted average long-term return across all plans is 6.13%. Fair value is defined as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The inputs used to measure fair value are classified into the following hierarchy: Level I Unadjusted quoted prices in active markets for identical instruments Level II Unadjusted quoted prices in active markets for similar instruments, or Unadjusted quoted prices for identical or similar instruments in markets that are not Other inputs that are observable in the market or can be corroborated by observable market data Level III Use of one The following table presents plan assets using the fair value hierarchy as of June 30, 2022: Total Level I Level II Level III Cash and cash equivalents $ 865 $ 865 $ - $ - Equity securities: Company common stock (a) 890 890 - - Common stock (a) 10,612 10,612 - - Mutual funds (b) 4,720 4,720 - - Annuity contracts (c) 6,302 - - 6,302 Total $ 23,389 $ 17,087 $ - $ 6,302 Investments Measured at Net Asset Value (d) 49,949 Total $ 73,338 The following table presents plan assets using the fair value hierarchy as of June 30, 2021: Total Level I Level II Level III Cash and cash equivalents $ 1,043 $ 1,043 $ - $ - Equity securities: Company common stock (a) 1,398 1,398 - - Common stock (a) 18,201 18,201 - - Mutual funds (b) 9,366 9,366 - - Annuity contracts (c) 6,646 - - 6,646 Total $ 36,654 $ 30,008 $ - $ 6,646 Investments Measured at Net Asset Value (d) 55,776 Total $ 92,430 (a) Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S. (b) Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company’s funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Company’s funded benefit plans are deemed to be actively traded. (c) Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at fair value using the net present value of future cash flows. (d) In accordance with ASC 820 10, not The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of June 30, 2022 June 30, 2021: 2022 2021 Fixed income funds $ 31,763 $ 31,627 International equity securities 2,198 4,282 Real estate 7,074 7,747 Hedged equity mutual funds 8,914 12,120 Total $ 49,949 $ 55,776 The following tables present a reconciliation of the fair value measurements using significant unobservable inputs (Level III) as of June 30, 2022 2021: 2022 2021 Beginning balance $ 6,646 $ 6,095 Actual return on plan assets: Relating to assets still held at reporting date (452 ) 600 Purchases, sales and settlements, net 108 (49 ) Ending balance $ 6,302 $ 6,646 Cash Flows Contributions The Company expects to contribute $612 to its defined benefit pension plans in fiscal 2023. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Other Pension Postretirement Benefits Benefits 2022 $ 7,946 $ 769 2023 7,380 693 2024 7,068 608 2025 6,833 544 2026 6,738 501 Years 2027 - 2031 34,812 1,806 The Company does not The Company sponsors defined contribution plans covering substantially all domestic employees and certain foreign employees. These plans provide for employer contributions based primarily on employee participation. The total expense under the plans was $2,245 and $2,162 in fiscal 2022 2021,

Note N - Income Taxes

Note N - Income Taxes	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	N. INCOME TAXES United States and foreign (loss) income before income taxes and minority interest were as follows: 2022 2021 United States $ (1,165 ) $ (15,925 ) Foreign 11,394 6,086 $ 10,229 $ (9,839 ) The provision (benefit) for income taxes is comprised of the following: 2022 2021 Currently payable: Federal $ (164 ) $ 28 State (2 ) 49 Foreign 2,838 1,948 2,672 2,025 Deferred: Federal $ - 15,554 State 62 2,341 Foreign (911 ) (240 ) (849 ) 17,655 $ 1,823 $ 19,680 The components of the net deferred tax asset as of June 30 2022 2021 Deferred tax assets: Retirement plans and employee benefits $ 4,787 $ 4,584 Foreign tax credit carryforwards 7,822 7,609 Federal tax credits, net of ASU 2013-11 1,597 1,801 State net operating loss and other state credit carryforwards, net of ASU 2013-11 2,179 2,208 Federal net operating loss 5,492 6,506 Inventory - - Reserves 1,119 1,670 Foreign NOL carryforwards - 66 Accruals 703 871 Right of use assets - operating leases 3,381 3,674 Disallowed interest 980 982 Capital loss carryforward 108 - Other assets 358 1,033 28,526 31,004 Valuation allowance (23,097 ) (24,420 ) 5,429 6,584 Deferred tax liabilities: Inventory 285 480 Property, plant and equipment 1,155 1,852 Intangibles 2,012 2,982 Long term operating lease obligations 3,352 3,622 Other liabilities 249 182 7,053 9,118 Total net deferred tax (liabilities) assets $ (1,624 ) $ (2,534 ) At June 30, 2022 2023 2042. 2019 2026 2042. The Company maintains valuation allowances when it is more likely than not not not not not not 2022 2021, Following is a reconciliation of the applicable U.S. federal income taxes to the actual income taxes reflected in the statements of operations: 2022 2021 U.S. federal income tax at 21 $ 2,148 $ (2,066 ) Increases (reductions) in tax resulting from: Foreign tax items (575 ) 552 State taxes (12 ) (440 ) Change in prior year estimate 372 (1,138 ) Nondeductible PPP loan expenses - (1,722 ) Research and development tax credits (10 ) (336 ) Unrecognized tax benefits (152 ) 59 Stock compensation (46 ) 252 Rate changes 121 18 Deferred tax basis adjustments (54 ) 42 Executive compensation 42 - GILTI inclusion 920 - Valuation allowance (981 ) 24,420 Other, net 50 39 $ 1,823 $ 19,680 On December 22, 2017, December 31, 2017, 2018. not 2019. 2019 Executive Compensation Limitations: 162 162 $1,000 three 2022 2021 Global Intangible Low Taxed Income ( GILTI ): 10% 2022. may 18.9%. zero 2021. 2022, Q4 FY2022, $4.9 Foreign Derived Intangible Income ( FDII ): not 2022 2021. The Company has not no June 30, 2022 June 30, 2021, Annually, the Company files income tax returns in various taxing jurisdictions inside and outside the United States. In general, the tax years that remain subject to examination are 2017 2022 2017. The Company has approximately $716 and $778 of unrecognized tax benefits as of June 30, 2022 June 30, 2021, No 12 Below is a reconciliation of beginning and ending amount of unrecognized tax benefits as of June 30: 2022 2021 Unrecognized tax benefits, beginning of year $ 778 $ 918 Additions based on tax positions related to the prior year - - Additions based on tax positions related to the current year 3 66 Reductions based on tax positions related to the prior year (65 ) (21 ) Subtractions due to statutes closing - - Settlements with taxing authorities - (185 ) Unrecognized tax benefits, end of year $ 716 $ 778 Substantially all of the Company’s unrecognized tax benefits as of June 30, 3022, June 30, 2022 2021, not

Note O - Contingencies

Note O - Contingencies	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	O. CONTINGENCIES The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, are not not

Note P - Restructuring of Opera

Note P - Restructuring of Operations and Income From Extinguishment of Loan	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	P. RESTRUCTURING OF OPERATIONS AND INCOME FROM EXTINGUISHMENT OF LOAN 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, 18 December 2022. Total restructuring charges relating to streamlining operations amounted to $973 and $3,110 in fiscal 2022 2021, June 2015 June 30, 2022 The following is a roll-forward of restructuring activity: Accrued restructuring liability, June 30, 2020 $ 84 Additions 7,377 Payments and adjustments (5,109 ) Accrued restructuring liability, June 30, 2021 2,352 Additions 973 Payments and adjustments (2,301 ) Accrued restructuring liability, June 30, 2022 $ 1,024 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. 3 In the first 2022, fourth 2022, Income from extinguishment of loan As discussed in Note G, Debt, on June 16, 2021, 470 Debt 450 30 Gain contingency 2021.

Note Q - Earnings Per Share

Note Q - Earnings Per Share	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Q. EARNINGS PER SHARE The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. Restricted stock award recipients under the 2010 two The components of basic and diluted earnings per share were as follows: 2022 2021 Basic: Net income (loss) $ 8,406 $ (29,519 ) Less: Net earnings attributable to noncontrolling interest (311 ) (200 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) attributable to Twin Disc 8,095 (29,719 ) Weighted average shares outstanding - basic 13,353 13,247 Basic Loss Per Share: Net income (loss) per share - basic $ 0.61 $ (2.24 ) Diluted: Net income (loss) $ 8,406 $ (29,519 ) Less: Net earnings attributable to noncontrolling interest (311 ) (200 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) attributable to Twin Disc 8,095 (29,719 ) Weighted average shares outstanding - basic 13,353 13,247 Effect of dilutive stock awards 29 - Weighted average shares outstanding - diluted 13,382 13,247 Diluted Loss Per Share: Net income (loss) per share - diluted $ 0.60 $ (2.24 ) The following potential common shares were excluded from diluted EPS for the year ended June 30, 2021

Note R - Derivative Financial I

Note R - Derivative Financial Instruments	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	R. DERIVATIVE FINANCIAL INSTRUMENTS The Company reports all derivative instruments on its consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of transactions entered into for hedging purposes. As a global organization, the Company faces exposure to market risks, such as fluctuations in foreign currency exchange rates, interest rates and commodity prices. To manage the volatility relating to these exposures, the Company enters into various derivative instruments from time to time under its risk management policies. The Company designates derivative instruments as hedges on a transaction basis to support hedge accounting. The changes in fair value of these hedging instruments offset in part or in whole corresponding changes in the fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial and ongoing effectiveness of its hedging relationships in accordance with its policy. The Company does not no Interest Rate Swaps Designated as Cash Flow Hedges The primary purpose of the Company’s cash flow hedging activities is to manage the potential changes in value associated with interest payments on the Company’s SOFR-based indebtedness. The Company records gains and losses on interest rate swap contracts qualifying as cash flow hedges in accumulated other comprehensive loss to the extent that these hedges are effective and until the Company recognizes the underlying transactions in net earnings, at which time these gains and losses are recognized in interest expense on its consolidated statements of operations and comprehensive loss. 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 ($356) and $678 for the years ended June 30, 2022 2021, The Company estimates that ($68) 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 G, Debt, during the fourth 2022, €13,500, June 30, 2022 2021, Foreign Currency Forward Contracts Not The Company primarily enters into forward exchange contracts to reduce the earnings and cash flow impact of non-functional currency denominated receivables and payables. These contracts are highly effective in hedging the cash flows attributable to changes in currency exchange rates. Gains and losses resulting from these contracts offset the foreign exchange gains or losses on the underlying assets and liabilities being hedged. The maturities of the forward exchange contracts generally coincide with the settlement dates of the related transactions. Gains and losses on these contracts are recorded in other expense, net in the consolidated statement of operations and comprehensive loss as the changes in the fair value of the contracts are recognized and generally offset the gains and losses on the hedged items in the same period. The primary currency to which the Company was exposed in fiscal 2022 2021 June 30, 2022 2021, no Other Derivative Instruments The Company does not not Fair Value of Derivative Instruments The Company’s interest rate swaps and foreign currency forward contracts are recorded at fair value on the consolidated balance sheets using a discounted cash flow analysis that incorporates observable market inputs. These market inputs include foreign currency spot and forward rates, and various interest rate curves, and are obtained from pricing data quoted by various banks, third 2 Counterparties to these foreign currency forward contracts have at least an investment grade rating. Credit ratings on some of the Company’s counterparties may As discussed in Note G, Debt, the Company's euro denominated Revolving Loan approximates fair value at June 30, 2022 June 30, 2021. 2 The fair value of derivative instruments included in the consolidated balance sheets at June 30 Balance Sheet Location 2022 2021 Derivatives designated as hedges: Interest rate swaps Other current assets $ 68 $ - Interest rate swaps Other noncurrent assets 77 - Interest rate swaps Accrued liabilities - (346 ) Interest rate swaps Other long-term liabilities - (542 ) The impact of the Company’s derivative instruments on the consolidated statement of operations and comprehensive loss for the years ended June 30 Statement of Comprehensive Loss Location 2022 2021 Derivatives designated as hedges: Interest rate swap Interest expense $ 362 $ 399 Interest rate swap Unrealized gain (loss) on hedges 1,034 425 Net investment hedge Unrealized gain (loss) on hedges 1,216 335 Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ - $ (15 )

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	TWIN DISC, INCORPORATED AND SUBSIDIARIES SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS For the years ended June 30, 2022 2021 Balance at Charged to Balance at Beginning Costs and End of Description of Period Expenses Adjustments(1) Period 2022 Allowance for losses on accounts receivable $ 1,870 $ 255 $ 384 $ 1,741 Reserve for inventory obsolescence $ 10,279 $ 2,246 $ 968 $ 11,557 Deferred tax valuation allowance $ 24,420 $ - $ 1,323 $ 23,097 2021 Allowance for losses on accounts receivable $ 1,740 $ 346 $ 216 $ 1,870 Reserve for inventory obsolescence $ 9,863 $ 1,178 $ 762 $ 10,279 Deferred tax valuation allowance $ - $ 24,420 $ - $ 24,420 ( 1

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation Principles 2021, not
Use of Estimates, Policy [Policy Text Block]	Management Estimates--
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Translation of Foreign Currencies 2022 2021,
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash three not
Receivable [Policy Text Block]	Accounts Receivable June 30, 2022 2021, may may
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments -
Inventory, Policy [Policy Text Block]	Inventories
Assets Held for Sale [Policy Text Block]	Assets Held for Sale-- Assets Held for Sale are carried at fair value less costs to sell, or net book value, whichever is lower. The Company ceases to record depreciation expense at the time of designation as held for sale. During fiscal 2021, 2022,
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment and Depreciation not
Lessee, Leases [Policy Text Block]	Right of Use Lease Assets 842, twelve 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
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-lived Assets may not may third
Income Tax, Policy [Policy Text Block]	Income Taxes not not not
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets
Revenue [Policy Text Block]	Revenue Recognition five 1. identify the contract with a customer 2. identify the performance obligations in the contract 3. determine the transaction price 4. allocate the transaction price to the performance obligations in the contract 5. recognize revenue not not no Goods sold to third
Shipping and Handling, Fees and Costs [Policy Text Block]	Shipping and Handling Fees and Costs
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards a. In August 2018, 2018 13 820, Fair Value Measurement July 1, 2021. not b. In August 2018, 2018 14 July 1, 2021. not New Accounting Releases a. In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 b. In December 2019, 2019 12 December 15, 2021 ( 2022 c. In March 2021 January 2022, 2021 04 2022 01, March 12, 2021, may December 31, 2022.
Reporting Status [Policy Text Block]	Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550, second 2022.

Note B - Inventories (Tables)

Note B - Inventories (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2022 2021 Finished parts $ 65,789 $ 59,761 Work in process 19,801 17,908 Raw materials 41,519 37,298 $ 127,109 $ 114,967

Note C - Property, Plant and _2

Note C - Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	2022 2021 Land $ 2,163 $ 3,858 Buildings 31,935 30,317 Machinery and equipment 146,054 150,872 180,152 185,047 Less: accumulated depreciation (138,537 ) (139,584 ) $ 41,615 $ 45,463

Note D - Intangible Assets (Tab

Note D - Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Balance at June 30, 2020 $ 39,245 $ (20,272 ) $ 18,973 $ 11,554 $ 5,784 $ 1,388 $ 247 Addition 833 - 833 - - - 833 Amortization - (3,390 ) (3,390 ) (1,880 ) (1,226 ) (184 ) (100 ) Translation adjustment 1,064 - 1,064 647 325 78 14 Balance at June 30, 2021 41,142 (23,662 ) 17,480 10,321 4,883 1,282 994 Addition 421 - 421 - - - 421 Amortization - (3,173 ) (3,173 ) (1,605 ) (1,163 ) (174 ) (231 ) Translation adjustment (1,718 ) - (1,718 ) (1,080 ) (482 ) (136 ) (20 ) Balance at June 30, 2022 $ 39,845 $ (26,835 ) $ 13,010 $ 7,636 $ 3,238 $ 972 $ 1,164
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2023 2,880 2024 2,741 2025 2,590 2026 1,354 2027 1,235 Thereafter 2,210
Schedule of Goodwill [Table Text Block]	Net Book Value Rollforward Net Book Value By Reporting Unit Gross Carrying Amount Accumulated Impairment Net Book Value European Propulsion European Industrial Balance at June 30, 2020 $ 39,202 $ (39,202 ) $ - $ - $ - Translation adjustment - - - - - Balance at June 30, 2021 39,202 (39,202 ) - - - Translation adjustment - - - - - Balance at June 30, 2022 $ 39,202 $ (39,202 ) $ - $ - $ -

Note E - Accrued Liabilities (T

Note E - Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	2022 2021 Customer deposits $ 17,151 $ 13,124 Salaries and wages 11,272 10,022 Warranty 2,724 3,448 Distributor rebates 2,627 3,190 Retirement benefits 1,738 1,769 Other 15,030 13,996 $ 50,542 $ 45,549

Note F - Warranty (Tables)

Note F - Warranty (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	2022 2021 Reserve balance, July 1 $ 4,369 $ 4,460 Current period expense and adjustments 1,570 3,590 Payments or credits to customers (2,501 ) (3,742 ) Translation adjustment (109 ) 61 Reserve balance, June 30 $ 3,329 $ 4,369

Note G - Debt (Tables)

Note G - Debt (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	2022 2021 Credit Agreement Debt Revolving loans (expire June 2025) $ 22,968 $ 15,415 Term loan (due March 2026) 13,500 16,500 Other 75 170 Subtotal 36,543 32,085 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 34,543 $ 30,085
Schedule of Maturities of Long-Term Debt [Table Text Block]	Fiscal Year 2023 $ 2,038 2024 2,014 2025 24,968 2026 5,500 2027 - Thereafter 22 $ 34,543

Note H - Lease Obligations (Tab

Note H - Lease Obligations (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location 2022 2021 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 12,685 $ 14,736 Finance lease right-of-use assets Property, plant and equipment, net 4,805 5,244 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,127 $ 1,870 Operating lease liabilities Lease obligations 10,575 12,887 Finance lease liabilities Accrued liabilities 576 541 Finance lease liabilities Other long-term liabilities 4,440 4,836
Lease, Cost [Table Text Block]	2022 2021 Finance lease cost: Amortization of right-of-use assets $ 650 $ 580 Interest on lease liabilities 277 273 Operating lease cost 2,908 2,795 Short-term lease cost 98 24 Variable lease cost 173 159 Total lease cost 4,106 3,831 Less: Sublease income (75 ) (154 ) Net lease cost $ 4,031 $ 3,677
Operating and Finance Leases, Other Disclosures [Table Text Block]	2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,050 $ 3,022 Operating cash flows from finance leases 277 273 Financing cash flows from finance leases 933 747 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 1,192 1,481 Finance leases 406 4,814 Weighted average remaining lease term (years): Operating leases 8.7 9.8 Finance lease 11.3 12.0 Weighted average discount rate: Operating leases 7.1 % 7.2 % Finance leases 5.1 % 5.2 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2023 $ 2,941 $ 855 2024 2,378 821 2025 1,539 578 2026 1,404 512 2027 1,130 457 Thereafter 7,742 3,376 Total future lease payments 17,134 6,598 Less: Amount representing interest (4,432 ) (1,582 ) Present value of future payments $ 12,702 $ 5,016

Note I - Shareholders' Equity (

Note I - Shareholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	2022 2021 Translation adjustments $ (2,266 ) $ 9,192 Benefit plan adjustments, net of income taxes of $ 9,452 9,537 (31,726 ) (678 ) Net loss on cash flow hedge derivatives, net of income taxes of $ 34 211 356 334 Net gain on net investment hedge derivatives, net of income taxes of $ 388 103 1,550 (31,463 ) Accumulated other comprehensive loss $ (32,086 ) $ (22,615 )
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 Other comprehensive loss before reclassifications (11,458 ) (1,835 ) - - Amounts reclassified from accumulated other comprehensive loss - 1,572 1,034 1,216 Net current period other comprehensive income (11,458 ) (263 ) 1,034 1,216 Balance at June 30, 2022 $ (2,266 ) $ (31,726 ) $ 356 $ 1,550 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2020 $ 3,454 $ (43,576 ) $ (1,104 ) $ - Other comprehensive loss before reclassifications 5,738 9,783 426 334 Amounts reclassified from accumulated other comprehensive loss - 2,330 - - Net current period other comprehensive loss 5,738 12,113 426 334 Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Amortization of benefit plan items Actuarial losses $ (2,376 ) Transition asset and prior service benefit 321 Total before tax benefit (2,055 ) Tax benefit 483 Total reclassification net of tax $ (1,572 ) Amount Reclassified Amortization of benefit plan items Actuarial losses $ (3,246 ) Transition asset and prior service benefit 187 Total before tax benefit (3,059 ) Tax benefit 729 Total reclassification net of tax $ (2,330 )

Note J - Business Segments an_2

Note J - Business Segments and Foreign Operations (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Revenue from External Customers by Products and Services [Table Text Block]	2022 2021 Industrial $ 32,100 $ 23,454 Land-based transmissions 64,904 58,421 Marine and propulsion systems 125,446 127,243 Other 20,463 9,463 Total $ 242,913 $ 218,581 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 30,769 $ 5,506 $ (4,175 ) $ 32,100 Land-based transmissions 65,332 30,177 (30,605 ) 64,904 Marine and propulsion systems 112,149 56,909 (43,612 ) 125,446 Other 9,238 14,139 (2,914 ) 20,463 Total $ 217,488 $ 106,731 $ (81,305 ) $ 242,913 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 22,621 $ 5,494 $ (4,661 ) $ 23,454 Land-based transmissions 52,441 26,003 (20,023 ) 58,421 Marine and propulsion systems 116,371 59,276 (48,404 ) 127,243 Other 77 9,448 (62 ) 9,463 Total $ 191,510 $ 100,221 $ (73,150 ) $ 218,581
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2022 Manufacturing Distribution Total Net Sales $ 217,488 $ 106,731 $ 324,219 Intra-segment sales 4,218 12,987 17,206 Inter-segment sales 60,220 3,880 64,100 Interest income 423 269 692 Interest expense 2,734 1 2,735 Income taxes 795 1,177 1,972 Depreciation and amortization 8,912 294 9,205 Net income attributable to Twin Disc 22,455 3,238 25,692 Assets 364,174 50,958 415,132 Expenditures for segment assets (8,112 ) 386 (7,726 ) 2021 Manufacturing Distribution Total Net Sales $ 191,510 $ 100,221 $ 291,731 Intra-segment sales 9,436 14,746 24,182 Inter-segment sales 44,575 4,393 48,968 Interest income 172 17 189 Interest expense 2,449 1 2,450 Income taxes (980 ) 189 (791 ) Depreciation and amortization 10,455 412 10,867 Net (loss) income attributable to Twin Disc 11,016 105 11,121 Assets 364,379 46,956 411,335 Expenditures for segment assets 3,500 188 3,688
Reconciliation of Revenue and Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	2022 2021 Net sales: Total net sales from reportable segments $ 324,219 $ 291,731 Elimination of inter-company sales (81,305 ) (73,150 ) Total consolidated net sales $ 242,913 $ 218,581 Net income (loss) attributable to Twin Disc: Total net income (loss) from reportable segments $ 25,692 $ 11,121 Other adjustments and corporate expenses (17,598 ) (40,840 ) Total consolidated net loss attributable to Twin Disc $ 8,095 $ (29,719 )
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	Segment Consolidated Totals Adjustments Totals 2022 Interest income $ 692 $ (664 ) $ 28 Interest expense 2,735 (607 ) 2,128 Income taxes 1,972 (148 ) 1,823 Depreciation and amortization 9,205 342 9,547 Assets 415,132 (138,610 ) 276,523 Expenditures for segment assets (7,726 ) 12,455 4,729 2021 Interest income $ 189 $ (170 ) $ 19 Interest expense 2,450 (92 ) 2,358 Income taxes (791 ) 20,471 19,680 Depreciation and amortization 10,867 376 11,243 Assets 411,335 (135,922 ) 275,413 Expenditures for segment assets 3,688 776 4,464
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	2022 2021 Net sales United States $ 81,454 $ 64,344 Netherlands 28,099 25,790 China 26,870 33,026 Australia 18,404 17,963 Italy 16,577 16,041 Other countries 71,510 61,417 Total $ 242,913 $ 218,581 Long-lived assets 2022 2021 United States $ 32,293 $ 34,629 Netherlands 10,471 12,447 Belgium 6,760 8,575 Italy 1,244 1,525 Switzerland 923 503 Other countries 5,191 5,776 Total $ 56,883 $ 63,455

Note K - Stock-based Compensa_2

Note K - Stock-based Compensation (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule Of Share-based Compensation Shares Available For Future Options [Table Text Block]	2022 2021 2020 Directors' Plan 612,981 666,913 2021 LTI Plan 551,901 -

Note M - Pension and Other Po_2

Note M - Pension and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Net Funded Status [Table Text Block]	Other Pension Postretirement Benefits Benefits 2022 2021 2022 2021 Change in benefit obligation: Benefit obligation, beginning of year $ 98,700 $ 105,520 $ 6,102 $ 7,059 Service cost 507 608 14 16 Interest cost 2,472 2,516 140 154 Prior service cost 40 65 - - Actuarial (gain) loss (14,253 ) (1,577 ) (786 ) (395 ) Contributions by plan participants 105 114 203 269 Benefits paid (8,022 ) (8,546 ) (888 ) (1,001 ) Benefit obligation, end of year $ 79,549 $ 98,700 $ 4,785 $ 6,102 Change in plan assets: Fair value of assets, beginning of year $ 92,430 $ 83,284 $ - $ - Actual return on plan assets (11,884 ) 15,325 - - Employer contribution 709 2,253 686 732 Contributions by plan participants 105 114 203 269 Benefits paid (8,022 ) (8,546 ) (889 ) (1,001 ) Fair value of assets, end of year $ 73,338 $ 92,430 $ - $ - Funded status $ (6,211 ) $ (6,270 ) $ (4,785 ) $ (6,102 ) Amounts recognized in the balance sheet consist of: Other assets - noncurrent $ - $ 60 $ - $ - Accrued liabilities - current (271 ) (423 ) (751 ) (833 ) Accrued retirement benefits - noncurrent (5,940 ) (5,907 ) (4,034 ) (5,269 ) Net amount recognized $ (6,211 ) $ (6,270 ) $ (4,785 ) $ (6,102 ) Amounts recognized in accumulated other comprehensive loss consist of (net of tax): Net transition obligation $ 102 $ 133 $ - $ - Prior service cost 9 94 (278 ) (487 ) Actuarial net loss 32,453 31,563 (560 ) 160 Net amount recognized $ 32,564 $ 31,790 $ (838 ) $ (327 )
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]	Other Pension Postretirement Benefits Benefits Net transition obligation $ 36 $ - Prior service cost 37 (275 ) Actuarial net loss 2,482 (39 ) Net amount to be recognized $ 2,555 $ (314 )
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block]	June 30 2022 2021 Projected and accumulated benefit obligation $ 79,549 $ 53,780 Fair value of plan assets 73,338 47,450
Schedule of Net Benefit Costs [Table Text Block]	Pension Benefits 2022 2021 Service cost $ 511 $ 615 Interest cost 2,473 2,516 Prior service cost 40 65 Expected return on plan assets (5,055 ) (4,552 ) Amortization of transition obligation 40 40 Amortization of prior service cost (85 ) 47 Amortization of actuarial net loss 2,375 3,246 Net periodic benefit cost $ 299 $ 1,977 Other Postretirement Benefits 2022 2021 Service cost $ 14 $ 16 Interest cost 140 154 Amortization of prior service cost (274 ) (274 ) Net periodic benefit cost $ (120 ) $ (104 )
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Other Postretirement Pension Benefits Net income (loss) $ 2,860 $ (785 ) Amortization of transition asset (40 ) - Amortization of prior service (cost) benefit 85 275 Amortization of net loss (2,375 ) - Total recognized in other comprehensive income 530 (510 ) Net periodic benefit cost (benefit) 299 (120 ) Total recognized in net periodic benefit cost and other comprehensive income $ 829 $ (630 ) Other Postretirement Pension Benefits Net loss $ (12,460 ) $ (397 ) Amortization of transition asset (40 ) - Amortization of prior service (cost) benefit (47 ) 275 Amortization of net loss (3,246 ) - Total recognized in other comprehensive income (15,793 ) (122 ) Net periodic benefit cost (benefit) 1,977 (104 ) Total recognized in net periodic benefit cost and other comprehensive income $ (13,816 ) $ (226 )
Defined Benefit Plan, Assumptions [Table Text Block]	Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine benefit obligations at June 30 2022 2021 2022 2021 Discount rate 4.61 % 2.63 % 4.83 % 2.47 % Expected return on plan assets 6.13 % 5.69 % Pension Benefits Other Postretirement Benefits Weighted average assumptions used to determine net periodic benefit costs for years ended June 30 2022 2021 2022 2021 Discount rate 2.59 % 2.49 % 2.47 % 2.37 % Expected return on plan assets 5.50 % 5.89 %
Schedule of Plan Weighted Average Assets Allocations [Table Text Block]	Target June 30 Asset Category Allocation 2022 2021 Equity securities 43 % 40 % 53 % Debt securities 50 % 49 % 38 % Real estate 7 % 11 % 9 % 100 % 100 % 100 %
Schedule of Allocation of Plan Assets [Table Text Block]	Total Level I Level II Level III Cash and cash equivalents $ 865 $ 865 $ - $ - Equity securities: Company common stock (a) 890 890 - - Common stock (a) 10,612 10,612 - - Mutual funds (b) 4,720 4,720 - - Annuity contracts (c) 6,302 - - 6,302 Total $ 23,389 $ 17,087 $ - $ 6,302 Investments Measured at Net Asset Value (d) 49,949 Total $ 73,338 Total Level I Level II Level III Cash and cash equivalents $ 1,043 $ 1,043 $ - $ - Equity securities: Company common stock (a) 1,398 1,398 - - Common stock (a) 18,201 18,201 - - Mutual funds (b) 9,366 9,366 - - Annuity contracts (c) 6,646 - - 6,646 Total $ 36,654 $ 30,008 $ - $ 6,646 Investments Measured at Net Asset Value (d) 55,776 Total $ 92,430 2022 2021 Fixed income funds $ 31,763 $ 31,627 International equity securities 2,198 4,282 Real estate 7,074 7,747 Hedged equity mutual funds 8,914 12,120 Total $ 49,949 $ 55,776
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	2022 2021 Beginning balance $ 6,646 $ 6,095 Actual return on plan assets: Relating to assets still held at reporting date (452 ) 600 Purchases, sales and settlements, net 108 (49 ) Ending balance $ 6,302 $ 6,646
Schedule of Expected Benefit Payments [Table Text Block]	Other Pension Postretirement Benefits Benefits 2022 $ 7,946 $ 769 2023 7,380 693 2024 7,068 608 2025 6,833 544 2026 6,738 501 Years 2027 - 2031 34,812 1,806

Note N - Income Taxes (Tables)

Note N - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	2022 2021 United States $ (1,165 ) $ (15,925 ) Foreign 11,394 6,086 $ 10,229 $ (9,839 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2022 2021 Currently payable: Federal $ (164 ) $ 28 State (2 ) 49 Foreign 2,838 1,948 2,672 2,025 Deferred: Federal $ - 15,554 State 62 2,341 Foreign (911 ) (240 ) (849 ) 17,655 $ 1,823 $ 19,680
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2022 2021 Deferred tax assets: Retirement plans and employee benefits $ 4,787 $ 4,584 Foreign tax credit carryforwards 7,822 7,609 Federal tax credits, net of ASU 2013-11 1,597 1,801 State net operating loss and other state credit carryforwards, net of ASU 2013-11 2,179 2,208 Federal net operating loss 5,492 6,506 Inventory - - Reserves 1,119 1,670 Foreign NOL carryforwards - 66 Accruals 703 871 Right of use assets - operating leases 3,381 3,674 Disallowed interest 980 982 Capital loss carryforward 108 - Other assets 358 1,033 28,526 31,004 Valuation allowance (23,097 ) (24,420 ) 5,429 6,584 Deferred tax liabilities: Inventory 285 480 Property, plant and equipment 1,155 1,852 Intangibles 2,012 2,982 Long term operating lease obligations 3,352 3,622 Other liabilities 249 182 7,053 9,118 Total net deferred tax (liabilities) assets $ (1,624 ) $ (2,534 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2022 2021 U.S. federal income tax at 21 $ 2,148 $ (2,066 ) Increases (reductions) in tax resulting from: Foreign tax items (575 ) 552 State taxes (12 ) (440 ) Change in prior year estimate 372 (1,138 ) Nondeductible PPP loan expenses - (1,722 ) Research and development tax credits (10 ) (336 ) Unrecognized tax benefits (152 ) 59 Stock compensation (46 ) 252 Rate changes 121 18 Deferred tax basis adjustments (54 ) 42 Executive compensation 42 - GILTI inclusion 920 - Valuation allowance (981 ) 24,420 Other, net 50 39 $ 1,823 $ 19,680
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	2022 2021 Unrecognized tax benefits, beginning of year $ 778 $ 918 Additions based on tax positions related to the prior year - - Additions based on tax positions related to the current year 3 66 Reductions based on tax positions related to the prior year (65 ) (21 ) Subtractions due to statutes closing - - Settlements with taxing authorities - (185 ) Unrecognized tax benefits, end of year $ 716 $ 778

Note P - Restructuring of Ope_2

Note P - Restructuring of Operations and Income From Extinguishment of Loan (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2020 $ 84 Additions 7,377 Payments and adjustments (5,109 ) Accrued restructuring liability, June 30, 2021 2,352 Additions 973 Payments and adjustments (2,301 ) Accrued restructuring liability, June 30, 2022 $ 1,024

Note Q - Earnings Per Share (Ta

Note Q - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2022 2021 Basic: Net income (loss) $ 8,406 $ (29,519 ) Less: Net earnings attributable to noncontrolling interest (311 ) (200 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) attributable to Twin Disc 8,095 (29,719 ) Weighted average shares outstanding - basic 13,353 13,247 Basic Loss Per Share: Net income (loss) per share - basic $ 0.61 $ (2.24 ) Diluted: Net income (loss) $ 8,406 $ (29,519 ) Less: Net earnings attributable to noncontrolling interest (311 ) (200 ) Less: Undistributed earnings attributable to unvested shares - - Net income (loss) attributable to Twin Disc 8,095 (29,719 ) Weighted average shares outstanding - basic 13,353 13,247 Effect of dilutive stock awards 29 - Weighted average shares outstanding - diluted 13,382 13,247 Diluted Loss Per Share: Net income (loss) per share - diluted $ 0.60 $ (2.24 )

Note R - Derivative Financial_2

Note R - Derivative Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location 2022 2021 Derivatives designated as hedges: Interest rate swaps Other current assets $ 68 $ - Interest rate swaps Other noncurrent assets 77 - Interest rate swaps Accrued liabilities - (346 ) Interest rate swaps Other long-term liabilities - (542 )
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Comprehensive Loss Location 2022 2021 Derivatives designated as hedges: Interest rate swap Interest expense $ 362 $ 399 Interest rate swap Unrealized gain (loss) on hedges 1,034 425 Net investment hedge Unrealized gain (loss) on hedges 1,216 335 Derivatives not designated as hedges: Foreign currency forward contracts Other income (expense), net $ - $ (15 )

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Valuation Allowances and Reserves [Table Text Block]	Balance at Charged to Balance at Beginning Costs and End of Description of Period Expenses Adjustments(1) Period 2022 Allowance for losses on accounts receivable $ 1,870 $ 255 $ 384 $ 1,741 Reserve for inventory obsolescence $ 10,279 $ 2,246 $ 968 $ 11,557 Deferred tax valuation allowance $ 24,420 $ - $ 1,323 $ 23,097 2021 Allowance for losses on accounts receivable $ 1,740 $ 346 $ 216 $ 1,870 Reserve for inventory obsolescence $ 9,863 $ 1,178 $ 762 $ 10,279 Deferred tax valuation allowance $ - $ 24,420 $ - $ 24,420

Note A - Significant Accounti_2

Note A - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Foreign Currency Transaction Gain (Loss), before Tax, Total	$ (714)	$ (2,108)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	1,741	1,870
Impairment of Long-Lived Assets to be Disposed of	$ 2,939	$ 4,267
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		10 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		15 years

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Percentage of LIFO Inventory	44%	45%
Excess of Replacement or Current Costs over Stated LIFO Value	$ 27,797	$ 25,969
Effect of LIFO Inventory Liquidation on Income	0	1,105
Inventory Valuation Reserves	$ 11,557	$ 10,279

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Finished parts	$ 65,789	$ 59,761
Work in process	19,801	17,908
Raw materials	41,519	37,298
Total inventories	$ 127,109	$ 114,967

Note C - Property, Plant and _3

Note C - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Finance Lease, Right-of-Use Asset, after Accumulated Amortization, Total	$ 4,805	$ 5,244
Depreciation, Total	$ 6,374	$ 7,853

Note C - Property, Plant and _4

Note C - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Land	$ 2,163	$ 3,858
Buildings	31,935	30,317
Machinery and equipment	146,054	150,872
Property, plant and Equipment, Gross	180,152	185,047
Less: accumulated depreciation	(138,537)	(139,584)
Property, plant and Equipment, Net	$ 41,615	$ 45,463

Note D - Intangible Assets (Det

Note D - Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)	7 years
Amortization of Intangible Assets	$ 3,173	$ 3,390

Note D - Intangible Assets - In

Note D - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance, Definite Intangible Assets Gross Carrying Amount	$ 41,142	$ 39,245
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(23,662)	(20,272)
Balance at June 30, Definite Intangible Assets Net Book Value	17,480	18,973
Addition, Definite Intangible Assets Gross Carrying Amount	421	833
Addition, Definite Intangible Assets Net Book Value	421	833
Amortization, Intangible Asset	(3,173)	(3,390)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount	(1,718)	1,064
Translation adjustment, Definite Intangible Assets Net Book Value	(1,718)	1,064
Balance, Definite Intangible Assets Gross Carrying Amount	39,845	41,142
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(26,835)	(23,662)
Balance at June 30, Definite Intangible Assets Net Book Value	13,010	17,480
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	10,321	11,554
Addition, Definite Intangible Assets Net Book Value	0	0
Amortization, Intangible Asset	(1,605)	(1,880)
Translation adjustment, Definite Intangible Assets Net Book Value	(1,080)	647
Balance at June 30, Definite Intangible Assets Net Book Value	7,636	10,321
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	4,883	5,784
Addition, Definite Intangible Assets Net Book Value	0	0
Amortization, Intangible Asset	(1,163)	(1,226)
Translation adjustment, Definite Intangible Assets Net Book Value	(482)	325
Balance at June 30, Definite Intangible Assets Net Book Value	3,238	4,883
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	1,282	1,388
Addition, Definite Intangible Assets Net Book Value	0	0
Amortization, Intangible Asset	(174)	(184)
Translation adjustment, Definite Intangible Assets Net Book Value	(136)	78
Balance at June 30, Definite Intangible Assets Net Book Value	972	1,282
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	994	247
Addition, Definite Intangible Assets Net Book Value	421	833
Amortization, Intangible Asset	(231)	(100)
Translation adjustment, Definite Intangible Assets Net Book Value	(20)	14
Balance at June 30, Definite Intangible Assets Net Book Value	$ 1,164	$ 994

Note D - Intangible Assets - Es

Note D - Intangible Assets - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Jun. 30, 2022 USD ($)
2023	$ 2,880
2024	2,741
2025	2,590
2026	1,354
2027	1,235
Thereafter	$ 2,210

Note D - Intangible Assets - Go

Note D - Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance, goodwill gross carrying amount	$ 39,202	$ 39,202
Balance, goodwill accumulated impairment	(39,202)	(39,202)
Balance, goodwill net book value	0	0
Translation adjustment, goodwill gross carrying amount	0	0
Translation adjustment, goodwill net book value	0	0
Balance, goodwill gross carrying amount	39,202	39,202
Balance, goodwill accumulated impairment	(39,202)	(39,202)
Balance at June 30, 2021	0	0
European Propulsion [Member]
Balance, goodwill net book value	0	0
Translation adjustment, goodwill gross carrying amount	0	0
Translation adjustment, goodwill net book value	0	0
Balance at June 30, 2021	0	0
European Industrial [Member]
Balance, goodwill net book value	0	0
Translation adjustment, goodwill gross carrying amount	0	0
Translation adjustment, goodwill net book value	0	0
Balance at June 30, 2021	$ 0	$ 0

Note E - Accrued Liabilities -

Note E - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Customer deposits	$ 17,151	$ 13,124
Salaries and wages	11,272	10,022
Warranty	2,724	3,448
Distributor rebates	2,627	3,190
Retirement benefits	1,738	1,769
Other	15,030	13,996
Total accrued liabilities	$ 50,542	$ 45,549

Note F - Warranty (Details Text

Note F - Warranty (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Product Warranty Accrual, Current	$ 2,724	$ 3,448
Product Warranty Accrual, Noncurrent	$ 605	$ 921
Minimum [Member]
Warranty Period (Month)	12 months
Maximum [Member]
Warranty Period (Month)	24 months

Note F - Warranty - Warranty (D

Note F - Warranty - Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Reserve balance, July 1	$ 4,369	$ 4,460
Current period expense and adjustments	1,570	3,590
Payments or credits to customers	(2,501)	(3,742)
Translation adjustment	(109)	61
Reserve balance, June 30	$ 3,329	$ 4,369

Note G - Debt (Details Textual)

Note G - Debt (Details Textual)								3 Months Ended	9 Months Ended	12 Months Ended
	Jul. 22, 2022	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jan. 27, 2021 USD ($)	Apr. 17, 2020 USD ($)	Jan. 28, 2020 USD ($)	Mar. 04, 2019 USD ($)	Jun. 30, 2020 USD ($)	Dec. 25, 2020 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2019 USD ($)	Mar. 25, 2022 USD ($)	Feb. 28, 2022 USD ($)	Feb. 07, 2022 USD ($)	Sep. 29, 2021 USD ($)	Jan. 26, 2021 USD ($)	Sep. 25, 2020	Jul. 22, 2020 USD ($)	Mar. 27, 2020	Dec. 27, 2019	Dec. 26, 2019	Mar. 03, 2019 USD ($)	Jun. 29, 2018 USD ($)
Proceeds from Sale of Property, Plant, and Equipment, Total										$ 9,455,000	$ 102,000
Gain (Loss) on Extinguishment of Debt, Total										0	8,200,000
Proceeds from Sale Leaseback Agreement													$ 329,000
Principal Paid on Sale Leaseback Liabilities										91,000
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount		$ 13,500,000								13,500,000
Manufacturing Facility [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total			$ 10,000,000
Proceeds from Sale of Property, Plant, and Equipment, Net			8,700,000
Maximum [Member]
Sale Leaseback Transactions, Term (Year)													5 years
Sale Leaseback Transactions, Implied Interest Rate													25%
Minimum [Member]
Sale Leaseback Transactions, Term (Year)													3 years
Sale Leaseback Transactions, Implied Interest Rate													7%
Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,049,000								$ 1,049,000	$ 1,535,000
Debt, Weighted Average Interest Rate		5.70%								5.70%	5.60%
The Amended and Restated Forbearance Agreement [Member]
Repayments of Long-Term Debt, Total			7,000,000
The Amended and Restated Forbearance Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity			30,000,000														$ 35,000,000
Repayments of Long-Term Debt, Total			$ 1,000,000
Debt Agreement, Maximum Borrowing Capacity, Percentage of Eligible Inventory Value			50%														50%
The Second Amended and Restated Forbearance Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity, Percentage of Eligible Inventory Value															50%
The Second Amended and Restated Forbearance Agreement [Member] | Maximum [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity															$ 35,000,000
The Second Amended and Restated Forbearance Agreement [Member] | Minimum [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity															30,000,000
The Ninth Amendment [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity		$ 20,000,000								$ 20,000,000
Paycheck Protection Program CARES Act [Member] | Promissory Note [Member]
Proceeds from Issuance of Long-term Debt, Total					$ 8,200,000
Gain (Loss) on Extinguishment of Debt, Total											$ 8,200,000
BMO [Member] | The 2018 Credit Agreement [Member]
Debt Instrument, Percentage of Equity Interest in Domestic Subsidiaries Pledged																				100%
Debt Instrument, Percentage of Equity Interest in Foreign Subsidiaries Pledged																				65%
Debt Instrument, Debt Default, Percentage of Letter of Credit Obligations Required to Cash Collateralize																				105%
BMO [Member] | The 2018 Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility, Maximum Borrowing Capacity																				$ 45,000,000					$ 50,000,000
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity							$ 20,000,000																	$ 35,000,000
Long-Term Debt, Gross																								10,800,000
Proceeds from Issuance of Debt							9,200,000
Debt Instrument, Periodic Payment, Total							$ 500,000
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio							3
Debt Instrument, Covenant, Minimum Tangible Net Worth Plus Half of Net Income							$ 100,000,000																	$ 70,000,000
Debt Instrument, Interest Rate During Period										4.10%
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate							3%
BMO [Member] | The 2018 Credit Agreement [Member] | Maximum [Member]
Debt Instrument, Covenant, Maximum Capital Expenditures											10,000,000
BMO [Member] | The 2018 Credit Agreement [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate						3.375%
BMO [Member] | The 2018 Credit Agreement [Member] | Maximum [Member] | Term Loan [Member]
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio																								3.25
BMO [Member] | The 2018 Credit Agreement [Member] | Maximum [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	3.875%						2.375%
BMO [Member] | The 2018 Credit Agreement [Member] | Maximum [Member] | Commitment Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.20%
BMO [Member] | The 2018 Credit Agreement [Member] | Minimum [Member]
Liquidity		15,000,000								$ 15,000,000
EBITDA								$ 1,000,000	$ 2,500,000		$ 10,000,000	$ 6,000,000
BMO [Member] | The 2018 Credit Agreement [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate						1.25%
BMO [Member] | The 2018 Credit Agreement [Member] | Minimum [Member] | Term Loan [Member]
Debt Instrument, Covenant, Funded Debt to EBITDA Ratio																								3.50
BMO [Member] | The 2018 Credit Agreement [Member] | Minimum [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate							1.375%
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Agreement, Maximum Borrowing Capacity																									35,000,000
Line of Credit Facility, Maximum Borrowing Capacity														$ 40,000,000											$ 50,000,000
Debt Instrument, Interest Rate During Period										4.23%
Line of Credit Facility, Current Borrowing Capacity		40,662,000								$ 40,662,000
Line of Credit Facility, Remaining Borrowing Capacity		17,032,000								17,032,000
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Maximum Cash Dividends		3,000,000								3,000,000
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	3.25%
BMO [Member] | The 2018 Credit Agreement Amendment [Member]
Debt Instrument, Covenant, Maximum Allowable Extraordinary Expenses						$ 3,900,000
BMO [Member] | The 2018 Credit Agreement Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Allowable Ratio, Current Quarter								4	3										3.50		5	4	3
BMO [Member] | Forbearance Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 42,500,000														$ 45,000,000
BMO [Member] | Forbearance Agreement [Member] | Maximum [Member] | Unused Revolving Credit Commitment [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				20%
BMO [Member] | Forbearance Agreement [Member] | Minimum [Member]
EBITDA									$ 2,500,000
BMO [Member] | Forbearance Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				3.25%
BMO [Member] | The Amended and Restated Forbearance Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 40,000,000														$ 42,500,000
BMO [Member] | The Second Amended and Restated Forbearance Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity															$ 40,000,000	$ 42,500,000
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth Plus Half of Net Income		$ 100,000,000								100,000,000
BMO [Member] | The Ninth Amendment [Member] | Maximum [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.875%		3.875%
BMO [Member] | The Ninth Amendment [Member] | Maximum [Member] | Unused Revolving Credit Commitment [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		15%
BMO [Member] | The Ninth Amendment [Member] | Minimum [Member] | Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.375%
BMO [Member] | The Ninth Amendment [Member] | Minimum [Member] | Unused Revolving Credit Commitment [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		10%
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 40,000,000								$ 40,000,000
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Allowable Ratio, Current Quarter		3.50								3.50
Fixed Charge Coverage Ratio		1.10								1.10
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.75%
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
BMO [Member] | The Ninth Amendment [Member] | Letter of Credit [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.75%
BMO [Member] | The Ninth Amendment [Member] | Letter of Credit [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%

Note G - Debt - Long-term Debt

Note G - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Long-term debt	$ 36,543	$ 32,085
Less: current maturities	(2,000)	(2,000)
Total long-term debt	34,543	30,085
Revolving Loan [Member]
Long-term debt	22,968	15,415
Term Loan [Member]
Long-term debt	13,500	16,500
Other Long-Term Debt [Member]
Long-term debt	$ 75	$ 170

Note G - Debt - Schedule of Mat

Note G - Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
2023	$ 2,038
2024	2,014
2025	24,968
2026	5,500
2027	0
Thereafter	22
Long-Term Debt, Excluding Current Maturities, Total	$ 34,543	$ 30,085

Note H - Lease Obligations - Co

Note H - Lease Obligations - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Operating lease right-of-use assets	$ 12,685	$ 14,736
Finance lease right-of-use assets	4,805	5,244
Operating lease liabilities	10,575	12,887
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets	4,805	5,244
Accrued Liabilities [Member]
Operating lease liabilities	2,127	1,870
Finance lease liabilities	576	541
Lease Obligation [Member]
Operating lease liabilities	10,575	12,887
Other Noncurrent Liabilities [Member]
Finance lease liabilities	$ 4,440	$ 4,836

Note H - Lease Obligations - _2

Note H - Lease Obligations - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Amortization of right-of-use assets	$ 650	$ 580
Interest on lease liabilities	277	273
Operating lease cost	2,908	2,795
Short-term lease cost	98	24
Variable lease cost	173	159
Total lease cost	4,106	3,831
Less: Sublease income	(75)	(154)
Net lease cost	$ 4,031	$ 3,677

Note H - Lease Obligations - Ot

Note H - Lease Obligations - Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating cash flows from operating leases	$ 3,050	$ 3,022
Operating cash flows from finance leases	277	273
Financing cash flows from finance leases	933	747
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	1,192	1,481
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 406	$ 4,814

Note H - Lease Obligations - Fu

Note H - Lease Obligations - Future Minimum Rental Commitments Under Noncancelable Leases (Details) $ in Thousands	Jun. 30, 2022 USD ($)
2023, Operating Leases	$ 2,941
2023	855
2024, Operating Leases	2,378
2024	821
2025, Operating Leases	1,539
2025	578
2026, Operating Leases	1,404
2026	512
2027, Operating Leases	1,130
2027	457
Thereafter	7,742
Thereafter	3,376
Total future lease payments, Operating Leases	17,134
Total future lease payments, Finance Leases	6,598
Less: Amount representing interest, Operating Leases	(4,432)
Less: Amount representing interest, Finance Leases	(1,582)
Present value of future payments, Operating Leases	12,702
Present value of future payments, Finance Leases	$ 5,016

Note I - Shareholders' Equity_2

Note I - Shareholders' Equity (Details Textual) - $ / shares $ / shares in Thousands	12 Months Ended		24 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022
Common Stock, Shares, Outstanding, Ending Balance (in shares)	13,672,343	13,648,663	13,672,343
Treasury Stock, Shares, Total (in shares)	960,459	984,139	960,459
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares)	57,204	249,480
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	29,810	6,809
Treasury Stock, Shares, Acquired (in shares)			0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)	315,000	315,000	315,000
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Authorized (in shares)	200,000	200,000	200,000
Preferred Stock, Shares Issued, Total (in shares)	0	0	0
Preferred Stock, Capital Shares Reserved for Future Issuance (in shares)	150,000		150,000

Note I - Shareholders' Equity -

Note I - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Translation adjustments	$ (2,266)	$ 9,192
Benefit plan adjustments, net of income taxes of $9,452 and $9,537 respectively	(31,726)	(678)
Net loss on cash flow hedge derivatives, net of income taxes of $34 and $211, respectively	356	334
Net gain on net investment hedge derivatives, net of income taxes of $388 and $103, respectively	1,550	(31,463)
Accumulated other comprehensive loss	$ (32,086)	$ (22,615)

Note I - Shareholders' Equity_3

Note I - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Benefit plan adjustments, tax	$ 9,452	$ 9,537
Net loss on cash flow hedge derivatives, income taxes	34	211
Net gain on net investment hedge derivatives, taxes	$ 388	$ 103

Note I - Stockholders' Equity -

Note I - Stockholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance	$ 130,660	$ 139,958
Balance	131,188	130,660
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	9,192	3,454
Other comprehensive loss before reclassifications	(11,458)	5,738
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive income	(11,458)	5,738
Balance	(2,266)	9,192
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(31,463)	(43,576)
Other comprehensive loss before reclassifications	(1,835)	9,783
Amounts reclassified from accumulated other comprehensive loss	1,572	2,330
Net current period other comprehensive income	(263)	12,113
Balance	(31,726)	(31,463)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(678)	(1,104)
Other comprehensive loss before reclassifications	0	426
Amounts reclassified from accumulated other comprehensive loss	1,034	0
Net current period other comprehensive income	1,034	426
Balance	356	(678)
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	334	0
Other comprehensive loss before reclassifications	0	334
Amounts reclassified from accumulated other comprehensive loss	1,216	0
Net current period other comprehensive income	1,216	334
Balance	$ 1,550	$ 334

Note I - Stockholders' Equity_2

Note I - Stockholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income (loss) before income taxes and noncontrolling interest	$ 10,229	$ (9,839)
Net income (loss)	8,406	(29,519)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	(2,376)	(3,246)
Transition asset and prior service benefit	321	187
Income (loss) before income taxes and noncontrolling interest	(2,055)	(3,059)
Tax benefit	483	729
Net income (loss)	$ (1,572)	$ (2,330)

Note J - Business Segments an_3

Note J - Business Segments and Foreign Operations (Details Textual)	12 Months Ended
	Jun. 30, 2022
Number of Reportable Segments	2
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Customers	1
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 1 [Member]
Concentration Risk, Percentage	10%

Note J - Business Segments an_4

Note J - Business Segments and Foreign Operations - Net Sales by Product Group (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 242,913	$ 218,581
Operating Segments [Member]
Net Sales	324,219	291,731
Intersegment Eliminations [Member]
Net Sales	(81,305)	(73,150)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	217,488	191,510
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	106,731	100,221
Industrial [Member]
Net Sales	32,100	23,454
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(4,175)	(4,661)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	30,769	22,621
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	5,506	5,494
Land Based Transmissions [Member]
Net Sales	64,904	58,421
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(30,605)	(20,023)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	65,332	52,441
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	30,177	26,003
Marine and Propulsion Systems [Member]
Net Sales	125,446	127,243
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(43,612)	(48,404)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	112,149	116,371
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	56,909	59,276
Other [Member]
Net Sales	20,463	9,463
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(2,914)	(62)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	9,238	77
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 14,139	$ 9,448

Note J - Business Segments an_5

Note J - Business Segments and Foreign Operations - Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 242,913	$ 218,581
Intra-segment sales	17,206	24,182
Inter-segment sales	64,100	48,968
Interest income	28	19
Interest expense	2,128	2,358
Income taxes	1,823	19,680
Depreciation and amortization	9,547	11,243
Net income attributable to Twin Disc	8,095	(29,719)
Assets	276,523	275,413
Expenditures for segment assets	4,729	4,464
Capital expenditures	(4,729)	(4,464)
Manufacturing Segment [Member]
Intra-segment sales	4,218	9,436
Inter-segment sales	60,220	44,575
Distribution Segment [Member]
Intra-segment sales	12,987	14,746
Inter-segment sales	3,880	4,393
Operating Segments [Member]
Net Sales	324,219	291,731
Interest income	692	189
Interest expense	2,735	2,450
Income taxes	1,972	(791)
Depreciation and amortization	9,205	10,867
Net income attributable to Twin Disc	25,692	11,121
Assets	415,132	411,335
Expenditures for segment assets	7,726	3,688
Capital expenditures	(7,726)	(3,688)
Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	217,488	191,510
Interest income	423	172
Interest expense	2,734	2,449
Income taxes	795	(980)
Depreciation and amortization	8,912	10,455
Net income attributable to Twin Disc	22,455	11,016
Assets	364,174	364,379
Expenditures for segment assets	(8,112)	3,500
Capital expenditures	8,112	(3,500)
Operating Segments [Member] | Distribution Segment [Member]
Net Sales	106,731	100,221
Interest income	269	17
Interest expense	1	1
Income taxes	1,177	189
Depreciation and amortization	294	412
Net income attributable to Twin Disc	3,238	105
Assets	50,958	46,956
Expenditures for segment assets	386	188
Capital expenditures	$ (386)	$ (188)

Note J - Business Segments an_6

Note J - Business Segments and Foreign Operations - Reconciliation of Reportable Segment Net Sales and Net Earnings to Consolidated Totals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 242,913	$ 218,581
Net earnings attributable to Twin Disc	8,095	(29,719)
Operating Segments [Member]
Net Sales	324,219	291,731
Net earnings attributable to Twin Disc	25,692	11,121
Intersegment Eliminations [Member]
Net Sales	(81,305)	(73,150)
Corporate, Non-Segment [Member]
Net earnings attributable to Twin Disc	$ (17,598)	$ (40,840)

Note J - Business Segments an_7

Note J - Business Segments and Foreign Operations - Reconciliation of Reportable Segments Other Significant Reconciling Items to Consolidated Totals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Interest income	$ 28	$ 19
Interest expense	2,128	2,358
Income taxes	1,823	19,680
Depreciation and amortization	9,547	11,243
Assets	276,523	275,413
Capital expenditures	(4,729)	(4,464)
Expenditures for segment assets	4,729	4,464
Depreciation and amortization		11,243
Operating Segments [Member]
Interest income	692	189
Interest expense	2,735	2,450
Income taxes	1,972	(791)
Depreciation and amortization	9,205	10,867
Assets	415,132	411,335
Capital expenditures	(7,726)	(3,688)
Expenditures for segment assets	7,726	3,688
Depreciation and amortization		10,867
Segment Reconciling Items [Member]
Interest income	(664)	(170)
Interest expense	(607)	(92)
Income taxes	(148)	20,471
Depreciation and amortization	342
Assets	(138,610)	(135,922)
Capital expenditures	(12,455)	(776)
Expenditures for segment assets	$ 12,455	776
Depreciation and amortization		$ 376

Note J - Business Segments an_8

Note J - Business Segments and Foreign Operations - Geographic Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 242,913	$ 218,581
Long-lived assets	56,883	63,455
Reportable Geographical Components [Member] | UNITED STATES
Net Sales	81,454	64,344
Long-lived assets	32,293	34,629
Reportable Geographical Components [Member] | NETHERLANDS
Net Sales	28,099	25,790
Long-lived assets	10,471	12,447
Reportable Geographical Components [Member] | BELGIUM
Long-lived assets	6,760	8,575
Reportable Geographical Components [Member] | CHINA
Net Sales	26,870	33,026
Reportable Geographical Components [Member] | ITALY
Net Sales	16,577	16,041
Long-lived assets	1,244	1,525
Reportable Geographical Components [Member] | AUSTRALIA
Net Sales	18,404	17,963
Reportable Geographical Components [Member] | SWITZERLAND
Long-lived assets	923	503
Reportable Geographical Components [Member] | Other Countries [Member]
Net Sales	71,510	61,417
Long-lived assets	$ 5,191	$ 5,776

Note K - Stock-based Compensa_3

Note K - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	57,204	251,804
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	29,810	6,809
Performance Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	146,562	397,884
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	103,575	265,256
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)	320,779	388,433
Allocated Share-based Compensation Expense (Reversal)	$ 883	$ 491
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 207	116
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)	$ 8.37
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,322
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, Nonvested, Number, Ending Balance (in shares)	272,438	379,095
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 287	$ 315
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	618
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1,711	$ 533
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	29,810	6,809
Share-Based Payment Arrangement, Expense	$ 1,223	$ 1,335
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	62,119	34,822
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 75	$ 78
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)	$ 14.18
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 585
Share-Based Payment Arrangement, Expense	$ 321	$ 328
The 2021 Long-Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	715,000
The 2020 Directors Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		750,000
The 2018 Long-Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		850,000

Note K - Stock-based Compensa_4

Note K - Stock-based Compensation - Shares Available for Future Options (Details) - Stock Options [Member] - shares	Jun. 30, 2022	Jun. 30, 2021
The 2020 Directors Plan [Member]
Shares Available for Grant (in shares)	612,981	666,913
The 2018 Long-Term Incentive Plan [Member]
Shares Available for Grant (in shares)	551,901	0

Note L - Engineering and Deve_2

Note L - Engineering and Development Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Research and Development Expense, Total	$ 1,576	$ 1,867
Engineering and Development Costs	$ 8,808	$ 8,535

Note M - Pension and Other Po_3

Note M - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan, Cost of Premium for Health Coverage Plan, Percentage	100%
Defined Benefit Plan, Accumulated Benefit Obligation	$ 79,549	$ 98,700
Defined Benefit Plan, Weighted Average Healthcare Cost, Trend Rate	5.75%	5%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100%	100%
Defined Benefit Plan, Expected Long-term Return on Plan Assets	6.13%
Defined Contribution Plan, Cost	$ 2,245	$ 2,162
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 612
UNITED STATES
Defined Benefit Plan, Expected Long-term Return on Plan Assets	6.40%
Common Stock Held by U.S Pension Plans [Member]
Defined Benefit Plan, Plan Assets, Employer, Related Party, Number of Shares (in shares)	98,211	98,211
Defined Benefit Plan, Plan Assets, Employer, Related Party, Amount	$ 890	$ 1,398
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	1.30%	1.50%

Note M - Pension and Other Po_4

Note M - Pension and Other Postretirement Benefit Plans - Net Funded Status of Pension and Postretirement Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net amount recognized	$ (31,726)	$ (678)
Pension Plan [Member]
Benefit obligation, beginning of year	98,700	105,520
Service cost	507	608
Interest cost	2,472	2,516
Prior service cost	40	65
Actuarial (gain) loss	(14,253)	(1,577)
Contributions by plan participants	105	114
Benefits paid	(8,022)	(8,546)
Benefit obligation, end of year	79,549	98,700
Fair value of assets, Balance	92,430	83,284
Actual return on plan assets	(11,884)	15,325
Employer contribution	709	2,253
Contributions by plan participants	105	114
Benefits paid	(8,022)	(8,546)
Fair value of assets, Balance	73,338	92,430
Funded status	(6,211)	(6,270)
Other assets - noncurrent	0	60
Accrued liabilities - current	(271)	(423)
Accrued retirement benefits - noncurrent	(5,940)	(5,907)
Net amount recognized	(6,211)	(6,270)
Net transition obligation	102	133
Prior service cost	9	94
Actuarial net loss	32,453	31,563
Net amount recognized	32,564	31,790
Other Postretirement Benefits Plan [Member]
Benefit obligation, beginning of year	6,102	7,059
Service cost	14	16
Interest cost	140	154
Prior service cost	0	0
Actuarial (gain) loss	(786)	(395)
Contributions by plan participants	203	269
Benefits paid	(888)	(1,001)
Benefit obligation, end of year	4,785	6,102
Fair value of assets, Balance	0	0
Actual return on plan assets	0	0
Employer contribution	686	732
Contributions by plan participants	203	269
Benefits paid	(889)	(1,001)
Fair value of assets, Balance	0	0
Funded status	(4,785)	(6,102)
Other assets - noncurrent	0	0
Accrued liabilities - current	(751)	(833)
Accrued retirement benefits - noncurrent	(4,034)	(5,269)
Net amount recognized	(4,785)	(6,102)
Net transition obligation	0	0
Prior service cost	(278)	(487)
Actuarial net loss	(560)	160
Net amount recognized	$ (838)	$ (327)

Note M - Pension and Other Po_5

Note M - Pension and Other Postretirement Benefit Plans - Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized Over Next Fiscal Year (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Pension Plan [Member]
Net transition obligation	$ 36
Prior service cost	37
Actuarial net loss	2,482
Net amount to be recognized	2,555
Other Postretirement Benefits Plan [Member]
Net transition obligation	0
Prior service cost	(275)
Actuarial net loss	(39)
Net amount to be recognized	$ (314)

Note M - Pension and Other Po_6

Note M - Pension and Other Postretirement Benefit Plans - Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Projected and accumulated benefit obligation	$ 79,549	$ 53,780
Fair value of plan assets	$ 73,338	$ 47,450

Note M - Pension and Other Po_7

Note M - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Pension Plan [Member]
Service cost	$ 511	$ 615
Interest cost	2,473	2,516
Prior service cost	40	65
Expected return on plan assets	(5,055)	(4,552)
Amortization of transition obligation	40	40
Amortization of prior service cost	(85)	47
Amortization of actuarial net loss	2,375	3,246
Net periodic benefit cost	299	1,977
Service cost	507	608
Interest cost	2,472	2,516
Other Postretirement Benefits Plan [Member]
Prior service cost	0	0
Amortization of prior service cost	(274)	(274)
Net periodic benefit cost	(120)	(104)
Service cost	14	16
Interest cost	$ 140	$ 154

Note M - Pension and Other Po_8

Note M - Pension and Other Postretirement Benefit Plans - Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Pension Plan [Member]
Net income (loss)	$ 2,860	$ (12,460)
Amortization of transition asset	(40)	(40)
Amortization of prior service (cost) benefit	85	(47)
Amortization of net loss	(2,375)	(3,246)
Total recognized in other comprehensive income	530	(15,793)
Net periodic benefit cost (benefit)	299	1,977
Total recognized in net periodic benefit cost and other comprehensive income	829	(13,816)
Other Postretirement Benefits Plan [Member]
Net income (loss)	(785)	(397)
Amortization of transition asset	0	0
Amortization of prior service (cost) benefit	275	275
Amortization of net loss	0	0
Total recognized in other comprehensive income	(510)	(122)
Net periodic benefit cost (benefit)	(120)	(104)
Total recognized in net periodic benefit cost and other comprehensive income	$ (630)	$ (226)

Note M - Pension and Other Po_9

Note M - Pension and Other Postretirement Benefit Plans - Schedule of Assumptions (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Pension Plan [Member]
Discount rate	4.61%	2.63%
Expected return on plan assets	6.13%	5.69%
Discount rate	2.59%	2.49%
Expected return on plan assets	5.50%	5.89%
Other Postretirement Benefits Plan [Member]
Discount rate	4.83%	2.47%
Expected return on plan assets
Discount rate	2.47%	2.37%
Expected return on plan assets

Note M - Pension and Other P_10

Note M - Pension and Other Postretirement Benefit Plans - Pension Plan Weighted-Average Asset Allocations (Details)	Jun. 30, 2022	Jun. 30, 2021
Target Allocation	100%
Actual Allocation	100%	100%
Equity Securities [Member]
Target Allocation	43%
Actual Allocation	40%	53%
Debt Securities [Member]
Target Allocation	50%
Actual Allocation	49%	38%
Real Estate [Member]
Target Allocation	7%
Actual Allocation	11%	9%

Note M - Pension and Other P_11

Note M - Pension and Other Postretirement Benefit Plans - Plan Assets Using Fair Value Hierarchy (Details) - USD ($) $ in Thousands		Jun. 30, 2022		Jun. 30, 2021	Jun. 30, 2020
Fair Value, Inputs, Level 3 [Member]
Plan Assets		$ 6,302		$ 6,646	$ 6,095
Pension Plan [Member]
Plan Assets		73,338		92,430	$ 83,284
Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets		23,389
Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets		17,087
Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets		0
Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets		6,302
Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		49,949	[1]	55,776
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets		865
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets		865
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets		0
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets		0
Investments Measured at Net Asset Value, Fixed Income Funds [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		31,763		31,627
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[2]	890
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[2]	890
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[2]	0
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[2]	0
Investments Measured at Net Asset Value, Equity Securities [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		2,198		4,282
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[2]	10,612
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[2]	10,612
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[2]	0
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[2]	0
Investments Measured at Net Asset Value, Real Estate [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		7,074		7,747
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[3]	4,720
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[3]	4,720
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[3]	0
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[3]	0
Investments Measured at Net Asset Value, Hedge Funds [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		8,914		$ 12,120
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[4]	6,302
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[4]	0
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[4]	0
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[4]	$ 6,302
[1]In accordance with ASC 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the fair value of plan assets at the end of the year.[2]Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S.[3]Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company’s funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Company’s funded benefit plans are deemed to be actively traded.[4]Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at fair value using the net present value of future cash flows.

Note M - Pension and Other P_12

Note M - Pension and Other Postretirement Benefit Plans - Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fair value of assets, Balance	$ 6,646	$ 6,095
Relating to assets still held at reporting date	(452)	600
Purchases, sales and settlements, net	108	(49)
Fair value of assets, Balance	$ 6,302	$ 6,646

Note M - Pension and Other P_13

Note M - Pension and Other Postretirement Benefit Plans - Defined Benefit Plan Estimated Future Benefit Payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Pension Plan [Member]
2022	$ 7,946
2023	7,380
2024	7,068
2025	6,833
2026	6,738
Years 2027	34,812
Other Pension Plan [Member]
2022	769
2023	693
2024	608
2025	544
2026	501
Years 2027	$ 1,806

Note N - Income Taxes (Details

Note N - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Deferred Tax Assets, Valuation Allowance	$ 23,097	$ 23,097	$ 24,420
Effective Income Tax Rate Reconciliation, Executive Compensation		42	0
Effective Income Tax Rate Reconciliation, GILTI, Amount		920	0
Undistributed Earnings of Foreign Subsidiaries	14,175	14,175	10,871
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	716	716	778
Unrecognized Tax Benefits, Income Tax Penalties Accrued	38	38	$ 141
Rolla and TD China [Member]
Effective Income Tax Rate Reconciliation, GILTI, Amount	$ 4,900
Rolla and TD China [Member] | Maximum [Member]
Effective Income Tax Rate Reconciliation, GILTI, Percent	18.90%
Domestic Tax Authority [Member]
Operating Loss Carryforwards, Subject to Expiration	$ 26,154	26,154
Tax Credit Carryforward, Amount	9,738	9,738
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Subject to Expiration	30,901	30,901
Tax Credit Carryforward, Amount	$ 935	$ 935

Note N - Income Taxes - Domesti

Note N - Income Taxes - Domestic and Foreign Earnings Before Income Taxes and Minority Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
United States	$ (1,165)	$ (15,925)
Foreign	11,394	6,086
Income (loss) before income taxes and noncontrolling interest	$ 10,229	$ (9,839)

Note N - Income Taxes - Provisi

Note N - Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Federal	$ (164)	$ 28
State	(2)	49
Foreign	2,838	1,948
Current	2,672	2,025
Federal	0	15,554
State	62	2,341
Foreign	(911)	(240)
Deferred	(849)	17,655
Income tax (benefit) expense	$ 1,823	$ 19,680

Note N - Income Taxes - Compone

Note N - Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Retirement plans and employee benefits	$ 4,787	$ 4,584
Foreign tax credit carryforwards	7,822	7,609
Federal tax credits, net of ASU 2013-11	1,597	1,801
State net operating loss and other state credit carryforwards, net of ASU 2013-11	2,179	2,208
Federal net operating loss	5,492	6,506
Inventory	0	0
Reserves	1,119	1,670
Foreign NOL carryforwards	0	66
Accruals	703	871
Right of use assets - operating leases	3,381	3,674
Disallowed interest	980	982
Capital loss carryforward	108	0
Other assets	358	1,033
Gross deferred tax assets	28,526	31,004
Valuation allowance	(23,097)	(24,420)
Deferred Tax Assets, Net of Valuation Allowance, Total	5,429	6,584
Inventory	285	480
Property, plant and equipment	1,155	1,852
Intangibles	2,012	2,982
Long term operating lease obligations	3,352	3,622
Other liabilities	249	182
Deferred Tax Liabilities, Gross, Total	7,053	9,118
Total net deferred tax (liabilities) assets	$ (1,624)	$ (2,534)

Note N - Income Taxes - Reconci

Note N - Income Taxes - Reconciliation of U.S. Federal Income Taxes to Actual Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
U.S. federal income tax at 21%	$ 2,148	$ (2,066)
Increases (reductions) in tax resulting from:
Foreign tax items	(575)	552
State taxes	(12)	(440)
Change in prior year estimate	372	(1,138)
Nondeductible PPP loan expenses	0	(1,722)
Research and development tax credits	(10)	(336)
Unrecognized tax benefits	(152)	59
Stock compensation	(46)	252
Rate changes	121	18
Deferred tax basis adjustments	(54)	42
Executive compensation	42	0
GILTI inclusion	920	0
Valuation allowance	(981)	24,420
Other, net	50	39
Income tax (benefit) expense	$ 1,823	$ 19,680

Note N - Income Taxes - Recon_2

Note N - Income Taxes - Reconciliation of U.S. Federal Income Taxes to Actual Income Taxes (Details) (Parentheticals)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Federal Income Tax	21%	21%

Note N - Income Taxes - Recon_3

Note N - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Unrecognized tax benefits, beginning of year	$ 778	$ 918
Additions based on tax positions related to the prior year	0	0
Additions based on tax positions related to the current year	3	66
Reductions based on tax positions related to the prior year	(65)	(21)
Subtractions due to statutes closing	0	0
Settlements with taxing authorities	0	(185)
Unrecognized tax benefits, end of year	$ 716	$ 778

Note P - Restructuring of Ope_3

Note P - Restructuring of Operations and Income From Extinguishment of Loan (Details Textual) Pure in Thousands, $ in Thousands		3 Months Ended			12 Months Ended		85 Months Ended
	Jun. 16, 2021 USD ($)	Jun. 30, 2022 USD ($)	Mar. 25, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2020 USD ($)
Restructuring Reserve, Ending Balance		$ 1,024			$ 1,024	$ 2,352	$ 1,024	$ 84
Restructuring Charges, Total					973	7,377
Impairment of Long-Lived Assets to be Disposed of					2,939	4,267
Proceeds from Sale of Property, Plant, and Equipment, Total					9,455	102
Gain (Loss) on Disposition of Assets, Total					3,126	0
Gain (Loss) on Extinguishment of Debt, Total					0	8,200
Paycheck Protection Program CARES Act [Member] | Promissory Note [Member]
Extinguishment of Debt, Amount	$ 8,200
Gain (Loss) on Extinguishment of Debt, Total						8,200
Propeller Machining Plant and Office in Switzerland [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 305		$ 9,138
Propeller Machining Plant and Office in Switzerland [Member] | Other Operating Income (Expense) [Member]
Gain (Loss) on Disposition of Assets, Total				$ 2,939
Employee Severance [Member]
Restructuring Reserve, Ending Balance						2,200
Restructuring Charges, Total					$ 973	$ 3,110	$ 16,226
Restructuring and Related Cost, Number of Positions Eliminated							254
Impairment of Long-Lived Assets to be Disposed of			$ 4,267

Note P - Restructuring of Ope_4

Note P - Restructuring of Operations and Income From Extinguishment of Loan - Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Accrued restructuring liability	$ 2,352	$ 84
Additions	973	7,377
Payments and adjustments	(2,301)	(5,109)
Accrued restructuring liability	$ 1,024	$ 2,352

Note Q - Earnings Per Share (De

Note Q - Earnings Per Share (Details Textual)	12 Months Ended
	Jun. 30, 2021 shares
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	388,433
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	379,095
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	34,822

Note Q - Earnings Per Share - C

Note Q - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net income (loss)	$ 8,406	$ (29,519)
Less: Net earnings attributable to noncontrolling interest	(311)	(200)
Less: Undistributed earnings attributable to unvested shares	0	0
Net income (loss) attributable to Twin Disc	$ 8,095	$ (29,719)
Weighted average shares outstanding - basic (in shares)	13,353	13,247
Basic loss per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.61	$ (2.24)
Effect of dilutive stock awards (in shares)	29	0
Weighted average shares outstanding - diluted (in shares)	13,382	13,247
Net income (loss) per share - diluted (in dollars per share)	$ 0.60	$ (2.24)

Note R - Derivative Financial_3

Note R - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 EUR (€)	Jun. 30, 2020 USD ($)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 131,188	$ 130,660		$ 139,958
Cash Flow Hedge Gain (Loss) to be Reclassified within 12 Months	68
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Euro Denominated Revolving Loan [Member]
Derivative, Notional Amount | €			€ 13.5
Derivative, Gain (Loss) on Derivative, Net, Total	(1,551)	334
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 356	$ (678)		$ (1,104)

Note R - Derivative Financial_4

Note R - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Other Current Assets [Member]
Derivative Assets, Current	$ 68	$ 0
Other Assets [Member]
Derivative Assets, Noncurrent	77	0
Accounts Payable and Accrued Liabilities [Member]
Derivative Liabilities, Current	0	(346)
Other Noncurrent Liabilities [Member]
Derivative Liabilities, Noncurrent	$ 0	$ (542)

Note R - Derivative Financial_5

Note R - Derivative Financial Instruments - Impact of the Company's Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Unrealized gain (loss) on hedges	$ 2,250	$ 760
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	1,034	425
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	362	399
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]
Gain (loss) on derivative instruments	0	(15)
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	$ 1,216	$ 335

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($)		12 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Balance at Beginning of Period		$ 24,420	$ 0
Charged to Costs and Expenses			24,420
Adjustments			0
Balance at End of Period			24,420
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period		1,870,000	1,740,000
Charged to Costs and Expenses		255,000	346,000
Adjustments	[1]	384,000	216,000
Balance at End of Period		1,741,000	1,870,000
SEC Schedule, 12-09, Reserve, Inventory [Member]
Balance at Beginning of Period		10,279,000	9,863,000
Charged to Costs and Expenses		2,246,000	1,178,000
Adjustments	[1]	968,000	762,000
Balance at End of Period		11,557,000	10,279,000
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period		24,420,000
Charged to Costs and Expenses		0
Adjustments		1,323,000
Balance at End of Period		$ 23,097,000	$ 24,420,000
[1]Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments).