Twin Disc (TWIN) 10-Q 10 May 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2023	May 01, 2023
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	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	1-7635
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0667110
Entity Address, Address Line One	1328 Racine Street
Entity Address, City or Town	Racine
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53403
City Area Code	262
Local Phone Number	638-4000
Title of 12(b) Security	Common Stock (No Par Value)
Trading Symbol	TWIN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,815,707

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Current assets:
Cash	$ 14,024	$ 12,521
Trade accounts receivable, net	44,438	45,452
Inventories	136,153	127,109
Assets held for sale	2,968	2,968
Prepaid expenses	10,025	7,756
Other	8,341	8,646
Total current assets	215,949	204,452
Property, plant and equipment, net	40,700	41,615
Right-of-use assets operating leases	12,415	12,685
Intangible assets, net	11,239	13,010
Deferred income taxes	2,542	2,178
Other assets	2,668	2,583
Total assets	285,513	276,523
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Accounts payable	29,726	28,536
Accrued liabilities	56,886	50,542
Total current liabilities	88,612	81,078
Long-term debt, less current maturities	29,276	34,543
Lease obligations	9,897	10,575
Accrued retirement benefits	10,315	9,974
Deferred income taxes	3,391	3,802
Other long-term liabilities	5,403	5,363
Total liabilities	146,894	145,335
Commitments and contingencies (Note D)
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	42,145	42,551
Retained earnings	136,815	135,031
Accumulated other comprehensive loss	(28,503)	(32,086)
Equity before treasury stock	150,457	145,496
Less treasury stock, at cost (817,095 and 960,459 shares, respectively)	12,527	14,720
Total Twin Disc shareholders' equity	137,930	130,776
Noncontrolling interest	689	412
Total equity	138,619	131,188
Total liabilities and equity	$ 285,513	$ 276,523

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Mar. 31, 2023	Jun. 30, 2022
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, Common, Shares (in shares)	817,095	960,459

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Net sales	$ 73,772	$ 59,289	$ 193,036	$ 166,939
Cost of goods sold	54,507	41,598	143,451	122,319
Gross profit	19,265	17,691	49,585	44,620
Marketing, engineering and administrative expenses	14,626	14,396	45,688	42,753
Restructuring expenses	33	303	208	1,542
Other operating income	1	(63)	(4,149)	(2,957)
Income from operations	4,605	3,055	7,838	3,282
Interest expense	522	490	1,682	1,594
Other expense (income), net	785	(498)	1,834	(608)
Non-operating income (expense)	1,307	(8)	3,516	986
Income before income taxes and noncontrolling interest	3,298	3,063	4,322	2,296
Income tax expense	548	753	2,349	1,757
Net income	2,750	2,310	1,973	539
Less: Net earnings attributable to noncontrolling interest, net of tax	(76)	(79)	(188)	(223)
Net income attributable to Twin Disc	$ 2,674	$ 2,231	$ 1,785	$ 316
Income per share data:
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.20	$ 0.17	$ 0.13	$ 0.02
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.20	$ 0.17	$ 0.13	$ 0.02
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,504	13,397	13,455	13,339
Diluted shares outstanding (in shares)	13,662	13,457	13,608	13,373
Comprehensive income (loss)
Net income	$ 2,750	$ 2,310	$ 1,973	$ 539
Benefit plan adjustments, net of income taxes of $1, $4, $5 and $4, respectively	578	505	581	1,512
Translation adjustment during the quarter	1,014	(2,721)	3,117	(6,359)
Unrealized (loss) gain on cash flow hedge, net of income taxes of $0, $0, $0 and $0, respectively	(224)	810	(26)	1,748
Comprehensive income (loss)	4,118	904	5,645	(2,560)
Less: Comprehensive income attributable to noncontrolling interest	67	38	277	235
Comprehensive income (loss) attributable to Twin Disc	$ 4,185	$ 942	$ 5,922	$ (2,325)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Benefit plan adjustments, income taxes	$ 1	$ 4	$ 5	$ 4
Unrealized loss on cash flow hedge, income taxes	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022
Cash flows from operating activities:
Net income	$ 1,973	$ 539
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Depreciation and amortization	6,936	7,317
Gain on sale of assets	(4,237)	(2,939)
Restructuring expenses	(54)	(487)
Provision for deferred income taxes	(1,462)	(1,383)
Stock compensation expense and other non-cash changes, net	2,355	2,642
Net change in operating assets and liabilities	1,348	(12,912)
Net cash provided (used) by operating activities	6,859	(7,223)
Cash flows from investing activities:
Acquisitions of property, plant and equipment	(6,783)	(2,371)
Proceeds from sale of fixed assets	7,177	9,152
Proceeds on note receivable	0	500
Other, net	199	465
Net cash provided by investing activities	593	7,746
Cash flows from financing activities:
Borrowings under revolving loan arrangements	65,862	78,142
Repayments of revolving loan arrangements	(69,823)	(73,192)
Repayments of other long term debt	(1,534)	(2,063)
Payments of finance lease obligations	(231)	(726)
Payments of withholding taxes on stock compensation	(463)	(487)
Net cash (used) provided by financing activities	(6,189)	1,674
Effect of exchange rate changes on cash	240	(1,712)
Net change in cash	1,503	485
Cash:
Beginning of period	12,521	12,340
End of period	$ 14,024	$ 12,825

Note A - Basis of Presentation

Note A - Basis of Presentation	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. Basis of Presentation The unaudited condensed consolidated financial statements have been prepared by Twin Disc, Incorporated (the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of the Company, include adjustments, consisting primarily of normal recurring items, necessary for a fair statement of results for each period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not 10 - June 30, 2022. not The Company's reporting period ends on the last Friday of the quarterly calendar period. The Company's fiscal year ends on June 30 , June 30 New Accounting Releases In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 In March 2020 January 2021, 2020 04 2021 01, March 12, 2020, may December 31, 2022. not Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories

Note B - Inventories	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. Inventories The major classes of inventories were as follows: March 31, 2023 June 30, 2022 Inventories: Finished parts $ 68,602 $ 65,789 Work in process 26,320 19,801 Raw materials 41,231 41,519 $ 136,153 $ 127,109

Note C - Warranty

Note C - Warranty	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	C. Warranty The Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its suppliers. However, its warranty obligation is affected by product failure rates, the number of units affected by the failure and the expense involved in satisfactorily addressing the situation. The warranty reserve is established based on our best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. When evaluating the adequacy of the reserve for warranty costs, management takes into consideration the term of the warranty coverage, historical claim rates and costs of repair, knowledge of the type and volume of new products and economic trends. While we believe the warranty reserve is adequate and that the judgment applied is appropriate, such amounts estimated to be due and payable in the future could differ materially from what actually transpires. The following is a listing of the activity in the warranty reserve for the quarters ended March 31, 2023 March 25, 2022: For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Reserve balance, beginning of period $ 4,145 $ 3,483 $ 3,329 $ 4,369 Current period expense and adjustments 371 339 2,052 658 Payments or credits to customers (510 ) (518 ) (1,381 ) (1,688 ) Translation 12 (27 ) 18 (62 ) Reserve balance, end of period $ 4,018 $ 3,277 $ 4,018 $ 3,277 The current portion of the warranty accrual ($3,503 and $2,757 as of March 31, 2023 March 25, 2022, March 31, 2023 March 25, 2022,

Note D - Contingencies

Note D - Contingencies	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	D. Contingencies The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, is not not

Note E - Business Segments

Note E - Business Segments	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	E. Business Segments The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. Principal products include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company's worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. The Company has two Information about the Company’s segments is summarized as follows: For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Net sales Manufacturing segment sales $ 63,932 $ 56,403 $ 169,607 $ 147,296 Distribution segment sales 33,839 23,660 83,732 72,485 Inter/Intra segment elimination – manufacturing (18,531 ) (16,672 ) (46,373 ) (40,815 ) Inter/Intra segment elimination – distribution (5,468 ) (4,102 ) (13,930 ) (12,027 ) $ 73,772 $ 59,289 $ 193,036 $ 166,939 Net income attributable to Twin Disc Manufacturing segment net income $ 5,873 $ 6,000 $ 11,500 $ 9,230 Distribution segment net income 2,053 1,415 4,412 3,396 Corporate and eliminations (5,252 ) (5,184 ) (14,127 ) (12,310 ) $ 2,674 $ 2,231 $ 1,785 $ 316 Assets March 31, 2023 June 30, 2022 Manufacturing segment assets $ 376,722 $ 364,174 Distribution segment assets 60,394 50,958 Corporate assets and elimination of intercompany assets (151,603 ) (138,609 ) $ 285,513 $ 276,523 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters and three March 31, 2023 March 25, 2022. Net sales by product group for the quarter ended March 31, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 7,076 $ 1,548 $ (1,321 ) $ 7,303 Land-based transmissions 16,785 8,692 (5,902 ) 19,575 Marine and propulsion systems 40,492 19,867 (16,505 ) 43,854 Other (421 ) 3,732 (271 ) 3,040 Total $ 63,932 $ 33,839 $ (23,999 ) $ 73,772 Net sales by product group for the quarter ended March 25, 2022 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 7,947 $ 1,449 $ (935 ) $ 8,461 Land-based transmissions 17,448 7,173 (8,535 ) 16,086 Marine and propulsion systems 30,820 13,108 (10,766 ) 33,162 Other 188 1,930 (538 ) 1,580 Total $ 56,403 $ 23,660 $ (20,774 ) $ 59,289 Net sales by product group for the three March 31, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 20,732 $ 4,322 $ (3,208 ) $ 21,846 Land-based transmissions 48,329 16,743 (14,888 ) 50,184 Marine and propulsion systems 100,546 49,838 (40,751 ) 109,633 Other - 12,829 (1,456 ) 11,373 Total $ 169,607 $ 83,732 $ (60,303 ) $ 193,036 Net sales by product group for the three March 25, 2022 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 20,939 $ 4,377 $ (3,016 ) $ 22,300 Land-based transmissions 41,158 18,775 (18,287 ) 41,646 Marine and propulsion systems 84,968 41,330 (30,983 ) 95,315 Other 231 8,003 (556 ) 7,678 Total $ 147,296 $ 72,485 $ (52,842 ) $ 166,939

Note F - Stock-based Compensati

Note F - Stock-based Compensation	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	F. Stock-Based Compensation Performance Stock Awards ( PSA ) During the first three 2023 2022, 2023 three June 30, 2025. The PSAs granted in fiscal 2022 three June 30, 2024. There were 437.9 and 440.9 unvested PSAs outstanding at March 31, 2023 March 25, 2022, March 31, 2023 March 25, 2022, three March 31, 2023 March 25, 2022, March 31, 2023 March 31, 2023, 2023, 2022 2021 March 31, 2023 March 25, 2022 Restricted Stock Awards ( RS ) The Company has unvested RS awards outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation expense over the vesting period, which is generally 1 first three 2023 2022, March 31, 2023 March 25, 2022, three March 31, 2023 March 25, 2022, March 31, 2023 March 25, 2022, three March 31, 2023 March 25, 2022, March 31, 2023 March 25, 2022 March 31, 2023, three Restricted Stock Unit Awards ( RSU ) Under the 2021 three first three 2023 2022, March 31, 2023 March 25, 2022, March 31, 2023 March 25, 2022, three March 31, 2023 March 25, 2022, March 31, 2023 March 25, 2022 March 31, 2023 March 31, 2023, two

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	G. Pension and Other Postretirement Benefit Plans The Company has non-contributory, qualified defined benefit plans covering substantially all domestic employees hired prior to October 1, 2003 For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Pension Benefits: Service cost $ 106 $ 137 $ 309 $ 406 Prior service cost 8 10 25 30 Interest cost 912 709 2,648 2,055 Expected return on plan assets (1,053 ) (1,258 ) (3,173 ) (3,773 ) Amortization of transition obligation 9 9 27 28 Amortization of prior service cost 9 (4 ) 27 (12 ) Amortization of actuarial net loss 639 562 1,873 1,687 Net periodic benefit cost $ 630 $ 165 $ 1,736 $ 421 Postretirement Benefits: Service cost $ 2 $ 4 $ 7 $ 11 Interest cost 53 35 159 105 Amortization of prior service cost (69 ) (69 ) (206 ) (206 ) Amortization of acturial net loss (10 ) - (29 ) - Net periodic benefit gain $ (24 ) $ (30 ) $ (69 ) $ (90 ) The service cost component is included in cost of goods sold and marketing, engineering and administrative expenses. All other components of net periodic benefit cost are included in other expense (income), net. The Company expects to contribute approximately $700 to its pension plans in fiscal 2023. three March 31, 2023, The Company had changes in benefit plan adjustments totaling $578 (net of $1 in taxes) from accumulated other comprehensive loss during the quarter ended March 31, 2023, March 25, 2022. three March 31, 2023, three March 25, 2022. December 30, 2022.

Note H - Income Taxes

Note H - Income Taxes	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H. Income Taxes Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with the estimated Annual Effective Tax Rate (AETR). Under this effective tax rate methodology, the Company applies an estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter. To calculate its AETR, an entity must estimate its ordinary income or loss and the related tax expense or benefit for its full fiscal year. In situations in which an entity is in a loss position and recognizes a full valuation allowance, the guidance in ASC 740 270 25 9 may 740 10 For the nine March 31, 2023 March 25, 2022 In the post pandemic era, the Company continues to monitor for any revisions enacted under the Tax Cuts and Job Act (TCJA), Coronavirus Aid, Relief and Economic Security (CARES) Act and the American Rescue Plan (ARPA). On August 16, 2022, not The Company maintains valuation allowances when it is more likely than not not no The Company has approximately $810 of unrecognized tax benefits, which include $53 of related interest and penalties, as of March 31, 2023, no March 31, 2023. twelve Annually, the Company files income tax returns in various taxing jurisdictions inside and outside the United States. In general, the tax years that remain subject to examination in foreign jurisdictions are 2014 2021. 2018. 2018. 2023.

Note I - Intangible Assets

Note I - Intangible Assets	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I. Intangible Assets As of March 31, 2023, Net Book Value Rollforward Net Book Value By Asset Type Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Balance at June 30, 2022 $ 39,845 $ (26,835 ) $ 13,010 $ 7,636 $ 3,238 $ 972 $ 1,164 Addition 53 - 53 - - - 53 Reduction (10,506 ) 10,506 - Amortization - (2,140 ) (2,140 ) (993 ) (880 ) (39 ) (228 ) Translation adjustment 316 - 316 214 365 (265 ) 2 Balance at March 31, 2023 $ 29,708 $ (18,469 ) $ 11,239 $ 6,857 $ 2,723 $ 668 $ 991 Other intangibles consist mainly of computer software. Amortization is recorded on the basis of straight-line or accelerated, as appropriate, over the estimated useful lives of the assets. The weighted average remaining useful life of the intangible assets included in the table above is approximately 7 years. Intangible amortization expense was $738 and $785 for the quarters ended March 31, 2023, March 25, 2022, three March 31, 2023, March 25, 2022, 2023 five Fiscal Year 2023 $ 742 2024 2,838 2025 2,681 2026 1,757 2027 1,096 2028 1,066 Thereafter 1,059

Note J - Long-term Debt

Note J - Long-term Debt	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt Long-term debt at March 31, 2023 June 30, 2022 March 31, 2023 June 30, 2022 Credit Agreement Debt Revolving loans (expire June 2025) $ 19,240 $ 22,968 Term loan (due March 2026) 12,000 13,500 Other 36 75 Subtotal 31,276 36,543 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 29,276 $ 34,543 Credit Agreement Debt: June 29, 2018 ( 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 million, 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. The Company remains in compliance with its liquidity and other covenants. The Credit Agreement, including its amendments, is more fully described in the Company’s Annual Report filed on Form 10 June 30, 2022, 2 As of March 31, 2023, Other: three five three March 31, 2023. During the quarter ended March 31, 2023, As of March 31, 2023, The Company’s borrowings described above approximate fair value at March 31, 2023 June 30, 2022. 2 The Company is party to an interest rate swap arrangement with Bank of Montreal, with an initial notional amount of $20,000 and a maturity date of March 4, 2026 March 31, 2023, 815, During the fourth 2021,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Equity [Text Block]	K. Shareholders Equity The Company, from time to time, makes open market purchases of its common stock under authorizations given to it by the Board of Directors, of which 315.0 shares as of March 31, 2023 not March 31, 2023 March 25, 2022. The following is a reconciliation of the Company’s equity balances for the first three 2023 2022: Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2022 $ 42,551 $ 135,031 $ (32,086 ) $ (14,720 ) $ 412 $ 131,188 Net (loss) income (2,029 ) 98 (1,931 ) Translation adjustments (6,328 ) 38 (6,290 ) Benefit plan adjustments, net of tax 518 518 Unrealized gain on cash flow hedge, net of tax 793 793 Compensation expense 658 658 Shares (acquired) issued, net (1,924 ) 1,756 (168 ) Balance, September 30, 2022 41,285 133,002 (37,103 ) (12,964 ) 548 124,768 Net income 1,139 15 1,154 Translation adjustments 8,333 59 8,392 Benefit plan adjustments, net of tax (515 ) (515 ) Unrealized loss on cash flow hedge, net of tax (595 ) (595 ) Compensation expense 856 856 Shares (acquired) issued, net (697 ) 402 (295 ) Balance, December 30, 2022 41,444 134,141 (29,880 ) (12,562 ) 622 133,765 Net income 2,674 76 2,750 Translation adjustments 1,023 (9 ) 1,014 Benefit plan adjustments, net of tax 578 578 Unrealized loss on cash flow hedge, net of tax (224 ) (224 ) Compensation expense 736 736 Shares issued (acquired), net (35 ) 35 - Balance, March 31, 2023 $ 42,145 $ 136,815 $ (28,503 ) $ (12,527 ) $ 689 $ 138,619 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2021 $ 40,972 $ 126,936 $ (22,615 ) $ (15,083 ) $ 450 $ 130,660 Net income 1,920 60 1,980 Translation adjustments (2,014 ) 76 (1,938 ) Benefit plan adjustments, net of tax 384 384 Unrealized gain on cash flow hedge, net of tax 204 204 Compensation expense 625 625 Shares (acquired) issued, net (432 ) 141 (291 ) Balance, September 24, 2021 41,165 128,856 (24,041 ) (14,942 ) 586 131,624 Net (loss) income (3,836 ) 86 (3,750 ) Translation adjustments (1,676 ) (25 ) (1,701 ) Benefit plan adjustments, net of tax 623 623 Unrealized gain on cash flow hedge, net of tax 735 735 Compensation expense 595 595 Shares (acquired) issued, net (169 ) (26 ) (195 ) Balance, December 31, 2021 41,591 125,020 (24,359 ) (14,968 ) 647 127,931 Net income 2,231 79 2,310 Translation adjustments (2,680 ) (41 ) (2,721 ) Benefit plan adjustments, net of tax 505 505 Unrealized loss on cash flow hedge, net of tax 810 810 Compensation expense 620 620 Shares issued (acquired), net (163 ) 163 0 Balance, March 25, 2022 $ 42,048 $ 127,251 $ (25,724 ) $ (14,805 ) $ 685 $ 129,455 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the quarters ended March 31, 2023 March 25, 2022 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2022 $ (2,266 ) $ (31,726 ) $ 355 $ 1,551 Translation adjustment during the quarter (6,328 ) - - - Amounts reclassified from accumulated other comprehensive income (loss) - 518 349 444 Net current period other comprehensive (loss) income (6,328 ) 518 349 444 Balance at September 30, 2022 $ (8,594 ) $ (31,208 ) $ 704 $ 1,995 Translation adjustment during the quarter 8,333 - - - Plan merger remeasurement adjustment - (1,115 ) - - Amounts reclassified from accumulated other comprehensive income (loss) - 600 (10 ) (585 ) Net current period other comprehensive (loss) income 8,333 (515 ) (10 ) (585 ) Balance at December 30, 2022 (261 ) (31,723 ) 694 1,410 Translation adjustment during the quarter 1,023 Amounts reclassified from accumulated other comprehensive income (loss) - 578 (133 ) (91 ) Net current period other comprehensive (loss) income 1,023 578 (133 ) (91 ) Balance at March 31, 2023 $ 762 $ (31,145 ) $ 561 $ 1,319 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334 Translation adjustment during the quarter (2,014 ) - - - Amounts reclassified from accumulated other comprehensive income - 384 68 136 Net current period other comprehensive (loss) income (2,014 ) 384 68 136 Balance at September 24, 2021 $ 7,178 $ (31,079 ) $ (610 ) $ 470 Translation adjustment during the quarter (1,676 ) - - - Amounts reclassified from accumulated other comprehensive income - 623 232 503 Net current period other comprehensive (loss) income (1,676 ) 623 232 503 Balance at December 31, 2021 5,502 (30,456 ) (378 ) 973 Translation adjustment during the quarter (2,680 ) - - - Amounts reclassified from accumulated other comprehensive income - 505 556 254 Net current period other comprehensive (loss) income (2,680 ) 505 556 254 Balance at March 25, 2022 $ 2,822 $ (29,951 ) $ 178 $ 1,227 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended March 31, 2023 Quarter Ended Three Quarters Ended March 31, 2023 March 31, 2023 Changes in benefit plan items Actuarial losses $ 629 (a) $ 1,844 (a) Transition asset and prior service benefit (51 ) (a) (152 ) (a) Plan merger remaeasurement adjustment - (1,115 ) Translation 1 9 Total amortization 579 586 Income taxes 1 5 Total changes, net of tax $ 578 $ 581 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended March 25, 2022 Quarter Ended Three Quarters Ended March 25, 2022 March 25, 2022 Changes in benefit plan items Actuarial losses $ 562 (a) $ 1,687 (a) Transition asset and prior service benefit (64 ) (a) (190 ) (a) Translation 11 19 Total amortization 509 1,516 Income taxes 4 4 Total changes, net of tax $ 505 $ 1,512 (a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Opera

Note L - Restructuring of Operations	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	L. Restructuring of Operations Restructuring expenses The Company has implemented various restructuring programs in response to unfavorable macroeconomic trends in certain of the Company’s markets since the fourth 2015. fourth 2021, With regard to its Belgian operations, on June 30, 2021, 18 June 2023. In the second 2022, second 2022. Total restructuring charges relating to streamlining operations totaled $33 and $303 in the quarters ending March 31, 2023 March 25, 2022, three March 31, 2023 March 25, 2022, June 2015 March 31, 2023 The following is a roll-forward of restructuring activity: Accrued restructuring liability, June 30, 2022 $ 1,024 Additions 208 Payments, adjustments and write-offs during the year (262 ) Accrued restructuring liability, March 31, 2023 $ 970 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 several of its real estate properties, namely, its corporate headquarters in Racine, its propeller machining plant and office in Switzerland, and a spare warehouse in Italy during the fourth 2021 . 3 fourth 2021. In the first 2022, fourth 2022 , In the first 2023, 3 In the second 2023,

Note M - Earnings Per Share

Note M - Earnings Per Share	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	M. Earnings Per Share The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company, and are therefore included in computing earnings per share pursuant to the two The components of basic and diluted earnings per share were as follows: For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Basic: Net income $ 2,750 $ 2,310 $ 1,973 $ 539 Less: Net earnings attributable to noncontrolling interest (76 ) (79 ) (188 ) (223 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income attributable to Twin Disc 2,674 2,231 1,785 316 Weighted average shares outstanding - basic 13,504 13,397 13,455 13,339 Basic Income Per Share: Net earnings per share - basic $ 0.20 $ 0.17 $ 0.13 $ 0.02 Diluted: Net income $ 2,750 $ 2,310 $ 1,973 $ 539 Less: Net earnings attributable to noncontrolling interest (76 ) (79 ) (188 ) (223 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income attributable to Twin Disc 2,674 2,231 1,785 316 Weighted average shares outstanding - basic 13,504 13,397 13,455 13,339 Effect of dilutive stock awards 158 60 153 34 Weighted average shares outstanding - diluted 13,662 13,457 13,608 13,373 Diluted Income Per Share: Net earnings per share - diluted $ 0.20 $ 0.17 $ 0.13 $ 0.02

Note N - Lease Liabilities

Note N - Lease Liabilities	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	N. Lease Liabilities The Company leases certain office and warehouse space, as well as production and office equipment. The Company determines if an arrangement is a lease at contract inception. The lease term begins upon lease commencement, which is when the Company takes possession of the asset and may not The components of lease expense were as follows: For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Finance lease cost: Amortization of right-of-use assets $ 187 $ 162 $ 498 $ 492 Interest on lease liabilities 87 68 219 211 Operating lease cost 852 800 2,250 2,190 Short-term lease cost 2 13 5 53 Variable lease cost 94 46 202 127 Total lease cost 1,222 1,089 3,174 3,073 Less: Sublease income (18 ) (19 ) (53 ) (57 ) Net lease cost $ 1,204 $ 1,070 $ 3,121 $ 3,016 Other information related to leases was as follows: For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 873 $ 808 $ 2,268 $ 2,281 Operating cash flows from finance leases 138 207 270 623 Financing cash flows from finance leases 73 68 231 726 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 218 695 1,736 1,091 Finance leases 47 - 367 307 Weighted average remaining lease term (years): Operating leases 8.8 8.8 Finance lease 11.3 11.4 Weighted average discount rate: Operating leases 7.2 % 7.1 % Finance leases 5.2 % 5.1 % Approximate future minimum rental commitments under non-cancellable leases as of March 31, 2023 Operating Leases Finance Leases 2023 $ 764 $ 233 2024 2,607 900 2025 1,708 661 2026 1,484 593 2027 1,438 527 Thereafter 7,701 3,598 Total future lease payments 15,702 6,512 Less: Amount representing interest (3,269 ) (1,338 ) Present value of future payments $ 12,434 $ 5,175 The following table provides a summary of leases recorded on the condensed consolidated balance sheet. Balance Sheet Location March 31, 2023 June 30, 2022 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 12,415 $ 12,685 Finance lease right-of-use assets Property, plant and equipment, net 4,675 4,805 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,537 $ 2,127 Operating lease liabilities Lease obligations 9,897 10,575 Finance lease liabilities Accrued liabilities 627 576 Finance lease liabilities Other long-term liabilities 4,548 4,440

Note O - Derivative Financial I

Note O - Derivative Financial Instruments	9 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	O. Derivative Financial Instruments From time to time, the Company enters into derivative instruments to manage risks relating to interest rate and foreign exchange rate volatility. The Company does not no The Company reports all derivative instruments on its consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of transactions entered into for hedging purposes. Interest Rate Swap Contracts The Company has one March 31, 2023, 815, The primary purpose of the Company’s cash flow hedging activities is to manage the potential changes in value associated with interest payments on the Company’s 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 income (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 gains related to cash flow hedging activities that were included in accumulated other comprehensive loss were $561 and $355 as of March 31, 2023, June 30, 2022, The Company estimates that $239 of net unrealized losses related to cash flow hedging activities included in accumulated other comprehensive income (loss) will be reclassified into earnings within the next twelve Derivatives Designated as Net Investment Hedges The Company is exposed to foreign currency exchange risk related to its investment in net assets in foreign countries. As discussed in Note J, Long-term Debt, during the fourth 2021, €6,500, March 31, 2023 June 30, 2022, Fair Value of Derivative Instruments The fair value of derivative instruments included in the condensed consolidated balance sheets were as follows: Balance Sheet Location March 31, 2023 June 30, 2022 Derivative designated as hedge: Interest rate swap Other current assets $ 239 $ 68 Interest rate swap Other noncurrent assets 112 77 The impact of the Company’s derivative instruments on the condensed consolidated statements of operations and comprehensive (loss) income for the quarters and three March 31, 2023 March 25, 2022, Statement of Comprehensive For the Quarter Ended For the Three Quarters Ended Income Location March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Derivative designated as hedge: Interest rate swap Interest expense $ 76 $ 81 $ 238 $ 268 Interest rate swap Unrealized (loss) gain on cash flow hedge (133 ) 556 206 855 Net investment hedge Unrealized (loss) gain on hedges (91 ) 254 (232 ) 893

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Releases In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 In March 2020 January 2021, 2020 04 2021 01, March 12, 2020, may December 31, 2022. not
Reporting Status [Policy Text Block]	Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories (Tables)

Note B - Inventories (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, 2023 June 30, 2022 Inventories: Finished parts $ 68,602 $ 65,789 Work in process 26,320 19,801 Raw materials 41,231 41,519 $ 136,153 $ 127,109

Note C - Warranty (Tables)

Note C - Warranty (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Reserve balance, beginning of period $ 4,145 $ 3,483 $ 3,329 $ 4,369 Current period expense and adjustments 371 339 2,052 658 Payments or credits to customers (510 ) (518 ) (1,381 ) (1,688 ) Translation 12 (27 ) 18 (62 ) Reserve balance, end of period $ 4,018 $ 3,277 $ 4,018 $ 3,277

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Net sales Manufacturing segment sales $ 63,932 $ 56,403 $ 169,607 $ 147,296 Distribution segment sales 33,839 23,660 83,732 72,485 Inter/Intra segment elimination – manufacturing (18,531 ) (16,672 ) (46,373 ) (40,815 ) Inter/Intra segment elimination – distribution (5,468 ) (4,102 ) (13,930 ) (12,027 ) $ 73,772 $ 59,289 $ 193,036 $ 166,939 Net income attributable to Twin Disc Manufacturing segment net income $ 5,873 $ 6,000 $ 11,500 $ 9,230 Distribution segment net income 2,053 1,415 4,412 3,396 Corporate and eliminations (5,252 ) (5,184 ) (14,127 ) (12,310 ) $ 2,674 $ 2,231 $ 1,785 $ 316
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets March 31, 2023 June 30, 2022 Manufacturing segment assets $ 376,722 $ 364,174 Distribution segment assets 60,394 50,958 Corporate assets and elimination of intercompany assets (151,603 ) (138,609 ) $ 285,513 $ 276,523
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 7,076 $ 1,548 $ (1,321 ) $ 7,303 Land-based transmissions 16,785 8,692 (5,902 ) 19,575 Marine and propulsion systems 40,492 19,867 (16,505 ) 43,854 Other (421 ) 3,732 (271 ) 3,040 Total $ 63,932 $ 33,839 $ (23,999 ) $ 73,772 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 7,947 $ 1,449 $ (935 ) $ 8,461 Land-based transmissions 17,448 7,173 (8,535 ) 16,086 Marine and propulsion systems 30,820 13,108 (10,766 ) 33,162 Other 188 1,930 (538 ) 1,580 Total $ 56,403 $ 23,660 $ (20,774 ) $ 59,289 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 20,732 $ 4,322 $ (3,208 ) $ 21,846 Land-based transmissions 48,329 16,743 (14,888 ) 50,184 Marine and propulsion systems 100,546 49,838 (40,751 ) 109,633 Other - 12,829 (1,456 ) 11,373 Total $ 169,607 $ 83,732 $ (60,303 ) $ 193,036 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 20,939 $ 4,377 $ (3,016 ) $ 22,300 Land-based transmissions 41,158 18,775 (18,287 ) 41,646 Marine and propulsion systems 84,968 41,330 (30,983 ) 95,315 Other 231 8,003 (556 ) 7,678 Total $ 147,296 $ 72,485 $ (52,842 ) $ 166,939

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Pension Benefits: Service cost $ 106 $ 137 $ 309 $ 406 Prior service cost 8 10 25 30 Interest cost 912 709 2,648 2,055 Expected return on plan assets (1,053 ) (1,258 ) (3,173 ) (3,773 ) Amortization of transition obligation 9 9 27 28 Amortization of prior service cost 9 (4 ) 27 (12 ) Amortization of actuarial net loss 639 562 1,873 1,687 Net periodic benefit cost $ 630 $ 165 $ 1,736 $ 421 Postretirement Benefits: Service cost $ 2 $ 4 $ 7 $ 11 Interest cost 53 35 159 105 Amortization of prior service cost (69 ) (69 ) (206 ) (206 ) Amortization of acturial net loss (10 ) - (29 ) - Net periodic benefit gain $ (24 ) $ (30 ) $ (69 ) $ (90 )

Note I - Intangible Assets (Tab

Note I - Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Net Book Value Rollforward Net Book Value By Asset Type Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Balance at June 30, 2022 $ 39,845 $ (26,835 ) $ 13,010 $ 7,636 $ 3,238 $ 972 $ 1,164 Addition 53 - 53 - - - 53 Reduction (10,506 ) 10,506 - Amortization - (2,140 ) (2,140 ) (993 ) (880 ) (39 ) (228 ) Translation adjustment 316 - 316 214 365 (265 ) 2 Balance at March 31, 2023 $ 29,708 $ (18,469 ) $ 11,239 $ 6,857 $ 2,723 $ 668 $ 991
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2023 $ 742 2024 2,838 2025 2,681 2026 1,757 2027 1,096 2028 1,066 Thereafter 1,059

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Debt [Table Text Block]	March 31, 2023 June 30, 2022 Credit Agreement Debt Revolving loans (expire June 2025) $ 19,240 $ 22,968 Term loan (due March 2026) 12,000 13,500 Other 36 75 Subtotal 31,276 36,543 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 29,276 $ 34,543

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2022 $ 42,551 $ 135,031 $ (32,086 ) $ (14,720 ) $ 412 $ 131,188 Net (loss) income (2,029 ) 98 (1,931 ) Translation adjustments (6,328 ) 38 (6,290 ) Benefit plan adjustments, net of tax 518 518 Unrealized gain on cash flow hedge, net of tax 793 793 Compensation expense 658 658 Shares (acquired) issued, net (1,924 ) 1,756 (168 ) Balance, September 30, 2022 41,285 133,002 (37,103 ) (12,964 ) 548 124,768 Net income 1,139 15 1,154 Translation adjustments 8,333 59 8,392 Benefit plan adjustments, net of tax (515 ) (515 ) Unrealized loss on cash flow hedge, net of tax (595 ) (595 ) Compensation expense 856 856 Shares (acquired) issued, net (697 ) 402 (295 ) Balance, December 30, 2022 41,444 134,141 (29,880 ) (12,562 ) 622 133,765 Net income 2,674 76 2,750 Translation adjustments 1,023 (9 ) 1,014 Benefit plan adjustments, net of tax 578 578 Unrealized loss on cash flow hedge, net of tax (224 ) (224 ) Compensation expense 736 736 Shares issued (acquired), net (35 ) 35 - Balance, March 31, 2023 $ 42,145 $ 136,815 $ (28,503 ) $ (12,527 ) $ 689 $ 138,619 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Income (Loss) Stock Interest Equity Balance, June 30, 2021 $ 40,972 $ 126,936 $ (22,615 ) $ (15,083 ) $ 450 $ 130,660 Net income 1,920 60 1,980 Translation adjustments (2,014 ) 76 (1,938 ) Benefit plan adjustments, net of tax 384 384 Unrealized gain on cash flow hedge, net of tax 204 204 Compensation expense 625 625 Shares (acquired) issued, net (432 ) 141 (291 ) Balance, September 24, 2021 41,165 128,856 (24,041 ) (14,942 ) 586 131,624 Net (loss) income (3,836 ) 86 (3,750 ) Translation adjustments (1,676 ) (25 ) (1,701 ) Benefit plan adjustments, net of tax 623 623 Unrealized gain on cash flow hedge, net of tax 735 735 Compensation expense 595 595 Shares (acquired) issued, net (169 ) (26 ) (195 ) Balance, December 31, 2021 41,591 125,020 (24,359 ) (14,968 ) 647 127,931 Net income 2,231 79 2,310 Translation adjustments (2,680 ) (41 ) (2,721 ) Benefit plan adjustments, net of tax 505 505 Unrealized loss on cash flow hedge, net of tax 810 810 Compensation expense 620 620 Shares issued (acquired), net (163 ) 163 0 Balance, March 25, 2022 $ 42,048 $ 127,251 $ (25,724 ) $ (14,805 ) $ 685 $ 129,455
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, 2022 $ (2,266 ) $ (31,726 ) $ 355 $ 1,551 Translation adjustment during the quarter (6,328 ) - - - Amounts reclassified from accumulated other comprehensive income (loss) - 518 349 444 Net current period other comprehensive (loss) income (6,328 ) 518 349 444 Balance at September 30, 2022 $ (8,594 ) $ (31,208 ) $ 704 $ 1,995 Translation adjustment during the quarter 8,333 - - - Plan merger remeasurement adjustment - (1,115 ) - - Amounts reclassified from accumulated other comprehensive income (loss) - 600 (10 ) (585 ) Net current period other comprehensive (loss) income 8,333 (515 ) (10 ) (585 ) Balance at December 30, 2022 (261 ) (31,723 ) 694 1,410 Translation adjustment during the quarter 1,023 Amounts reclassified from accumulated other comprehensive income (loss) - 578 (133 ) (91 ) Net current period other comprehensive (loss) income 1,023 578 (133 ) (91 ) Balance at March 31, 2023 $ 762 $ (31,145 ) $ 561 $ 1,319 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2021 $ 9,192 $ (31,463 ) $ (678 ) $ 334 Translation adjustment during the quarter (2,014 ) - - - Amounts reclassified from accumulated other comprehensive income - 384 68 136 Net current period other comprehensive (loss) income (2,014 ) 384 68 136 Balance at September 24, 2021 $ 7,178 $ (31,079 ) $ (610 ) $ 470 Translation adjustment during the quarter (1,676 ) - - - Amounts reclassified from accumulated other comprehensive income - 623 232 503 Net current period other comprehensive (loss) income (1,676 ) 623 232 503 Balance at December 31, 2021 5,502 (30,456 ) (378 ) 973 Translation adjustment during the quarter (2,680 ) - - - Amounts reclassified from accumulated other comprehensive income - 505 556 254 Net current period other comprehensive (loss) income (2,680 ) 505 556 254 Balance at March 25, 2022 $ 2,822 $ (29,951 ) $ 178 $ 1,227
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Quarter Ended Three Quarters Ended March 31, 2023 March 31, 2023 Changes in benefit plan items Actuarial losses $ 629 (a) $ 1,844 (a) Transition asset and prior service benefit (51 ) (a) (152 ) (a) Plan merger remaeasurement adjustment - (1,115 ) Translation 1 9 Total amortization 579 586 Income taxes 1 5 Total changes, net of tax $ 578 $ 581 Quarter Ended Three Quarters Ended March 25, 2022 March 25, 2022 Changes in benefit plan items Actuarial losses $ 562 (a) $ 1,687 (a) Transition asset and prior service benefit (64 ) (a) (190 ) (a) Translation 11 19 Total amortization 509 1,516 Income taxes 4 4 Total changes, net of tax $ 505 $ 1,512

Note L - Restructuring of Ope_2

Note L - Restructuring of Operations (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Restructuring and Related Costs [Table Text Block]	Accrued restructuring liability, June 30, 2022 $ 1,024 Additions 208 Payments, adjustments and write-offs during the year (262 ) Accrued restructuring liability, March 31, 2023 $ 970

Note M - Earnings Per Share (Ta

Note M - Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Basic: Net income $ 2,750 $ 2,310 $ 1,973 $ 539 Less: Net earnings attributable to noncontrolling interest (76 ) (79 ) (188 ) (223 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income attributable to Twin Disc 2,674 2,231 1,785 316 Weighted average shares outstanding - basic 13,504 13,397 13,455 13,339 Basic Income Per Share: Net earnings per share - basic $ 0.20 $ 0.17 $ 0.13 $ 0.02 Diluted: Net income $ 2,750 $ 2,310 $ 1,973 $ 539 Less: Net earnings attributable to noncontrolling interest (76 ) (79 ) (188 ) (223 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income attributable to Twin Disc 2,674 2,231 1,785 316 Weighted average shares outstanding - basic 13,504 13,397 13,455 13,339 Effect of dilutive stock awards 158 60 153 34 Weighted average shares outstanding - diluted 13,662 13,457 13,608 13,373 Diluted Income Per Share: Net earnings per share - diluted $ 0.20 $ 0.17 $ 0.13 $ 0.02

Note N - Lease Liabilities (Tab

Note N - Lease Liabilities (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Finance lease cost: Amortization of right-of-use assets $ 187 $ 162 $ 498 $ 492 Interest on lease liabilities 87 68 219 211 Operating lease cost 852 800 2,250 2,190 Short-term lease cost 2 13 5 53 Variable lease cost 94 46 202 127 Total lease cost 1,222 1,089 3,174 3,073 Less: Sublease income (18 ) (19 ) (53 ) (57 ) Net lease cost $ 1,204 $ 1,070 $ 3,121 $ 3,016
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended For the Three Quarters Ended March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 873 $ 808 $ 2,268 $ 2,281 Operating cash flows from finance leases 138 207 270 623 Financing cash flows from finance leases 73 68 231 726 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 218 695 1,736 1,091 Finance leases 47 - 367 307 Weighted average remaining lease term (years): Operating leases 8.8 8.8 Finance lease 11.3 11.4 Weighted average discount rate: Operating leases 7.2 % 7.1 % Finance leases 5.2 % 5.1 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2023 $ 764 $ 233 2024 2,607 900 2025 1,708 661 2026 1,484 593 2027 1,438 527 Thereafter 7,701 3,598 Total future lease payments 15,702 6,512 Less: Amount representing interest (3,269 ) (1,338 ) Present value of future payments $ 12,434 $ 5,175
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location March 31, 2023 June 30, 2022 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 12,415 $ 12,685 Finance lease right-of-use assets Property, plant and equipment, net 4,675 4,805 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,537 $ 2,127 Operating lease liabilities Lease obligations 9,897 10,575 Finance lease liabilities Accrued liabilities 627 576 Finance lease liabilities Other long-term liabilities 4,548 4,440

Note O - Derivative Financial_2

Note O - Derivative Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location March 31, 2023 June 30, 2022 Derivative designated as hedge: Interest rate swap Other current assets $ 239 $ 68 Interest rate swap Other noncurrent assets 112 77
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Comprehensive For the Quarter Ended For the Three Quarters Ended Income Location March 31, 2023 March 25, 2022 March 31, 2023 March 25, 2022 Derivative designated as hedge: Interest rate swap Interest expense $ 76 $ 81 $ 238 $ 268 Interest rate swap Unrealized (loss) gain on cash flow hedge (133 ) 556 206 855 Net investment hedge Unrealized (loss) gain on hedges (91 ) 254 (232 ) 893

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Finished parts	$ 68,602	$ 65,789
Work in process	26,320	19,801
Raw materials	41,231	41,519
Total inventories	$ 136,153	$ 127,109

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($)	Mar. 31, 2023	Mar. 25, 2022
Product Warranty Accrual, Current	$ 3,503	$ 2,757
Product Warranty Accrual, Noncurrent	$ 515	$ 520

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Reserve balance, beginning of period	$ 4,145	$ 3,483	$ 3,329	$ 4,369
Current period expense and adjustments	371	339	2,052	658
Payments or credits to customers	(510)	(518)	(1,381)	(1,688)
Translation	12	(27)	18	(62)
Reserve balance, end of period	$ 4,018	$ 3,277	$ 4,018	$ 3,277

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	9 Months Ended
	Mar. 31, 2023
Number of Reportable Segments	2

Note E - Business Segments - Re

Note E - Business Segments - Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Net sales	$ 73,772	$ 59,289	$ 193,036	$ 166,939
Manufacturing segment net income	2,674	2,231	1,785	316
Intersegment Eliminations [Member]
Net sales	(23,999)	(20,774)	(60,303)	(52,842)
Corporate, Non-Segment [Member]
Manufacturing segment net income	(5,252)	(5,184)	(14,127)	(12,310)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	63,932	56,403	169,607	147,296
Manufacturing segment net income	5,873	6,000	11,500	9,230
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(18,531)	(16,672)	(46,373)	(40,815)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	33,839	23,660	83,732	72,485
Manufacturing segment net income	2,053	1,415	4,412	3,396
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (5,468)	$ (4,102)	$ (13,930)	$ (12,027)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Segment Assets	$ 285,513	$ 276,523
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	376,722	364,174
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	60,394	50,958
Corporate, Non-Segment [Member]
Segment Assets	$ (151,603)	$ (138,609)

Note E - Business Segments - Ne

Note E - Business Segments - Net Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Net Sales	$ 73,772	$ 59,289	$ 193,036	$ 166,939
Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	63,932	56,403	169,607	147,296
Operating Segments [Member] | Distribution Segment [Member]
Net Sales	33,839	23,660	83,732	72,485
Intersegment Eliminations [Member]
Net Sales	(23,999)	(20,774)	(60,303)	(52,842)
Intersegment Eliminations [Member] | Manufacturing Segment [Member]
Net Sales	(18,531)	(16,672)	(46,373)	(40,815)
Intersegment Eliminations [Member] | Distribution Segment [Member]
Net Sales	(5,468)	(4,102)	(13,930)	(12,027)
Industrial [Member]
Net Sales	7,303	8,461	21,846	22,300
Industrial [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	7,076	7,947	20,732	20,939
Industrial [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	1,548	1,449	4,322	4,377
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(1,321)	(935)	(3,208)	(3,016)
Land Based Transmissions [Member]
Net Sales	19,575	16,086	50,184	41,646
Land Based Transmissions [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	16,785	17,448	48,329	41,158
Land Based Transmissions [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	8,692	7,173	16,743	18,775
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(5,902)	(8,535)	(14,888)	(18,287)
Marine and Propulsion Systems [Member]
Net Sales	43,854	33,162	109,633	95,315
Marine and Propulsion Systems [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	40,492	30,820	100,546	84,968
Marine and Propulsion Systems [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	19,867	13,108	49,838	41,330
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(16,505)	(10,766)	(40,751)	(30,983)
Other [Member]
Net Sales	3,040	1,580	11,373	7,678
Other [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	(421)	188	0	231
Other [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	3,732	1,930	12,829	8,003
Other [Member] | Intersegment Eliminations [Member]
Net Sales	$ (271)	$ (538)	$ (1,456)	$ (556)

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Dec. 30, 2022	Dec. 31, 2021	Mar. 31, 2023	Mar. 25, 2022
Performance Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				103,600	118,100
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	145		236,300		145
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	437.9			440,900	437.9
Share-Based Payment Arrangement, Expense	$ 307,000	$ 237,000			$ 903,000	$ 672,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 8.37				$ 8.37
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,396				$ 1,396
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 0
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					180,000	51.7
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	308,600	268,500			308,600	268,500
Share-Based Payment Arrangement, Expense	$ 313,000	$ 294,000			$ 1,007,000	$ 913,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	1,359,000				$ 1,359,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1,699,000	$ 1,695,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)			0	29,800
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					3 years
Restricted Stock [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					1 year
Restricted Stock [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					72,400	67,400
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 (in shares)	130,200	67,400			130,200	67,400
Share-Based Payment Arrangement, Expense	$ 116,000	$ 89,000			$ 340,000	$ 255,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 10.92				$ 10.92
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 825,000				$ 825,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 40,000	$ 475,000

Note G - Pension and Other Po_3

Note G - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Dec. 30, 2022	Mar. 31, 2023	Mar. 25, 2022
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ 578	$ 505		$ 581	$ 1,512
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	1	$ 4		5	$ 4
Other Comprehensive Income (Loss), Defined Benefit Plan, Benefit Plan Merger Remeasurement, Reclassification Adjustment from AOCI, after Tax			$ (1,115)
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 700			700
Defined Benefit Plan, Plan Assets, Contributions by Employer				$ 666

Note G - Pension and Other Po_4

Note G - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Amortization of acturial net loss	$ (10)	$ 0	$ (29)	$ 0
Pension Plan [Member]
Service cost	106	137	309	406
Prior service cost	8	10	25	30
Interest cost	912	709	2,648	2,055
Expected return on plan assets	(1,053)	(1,258)	(3,173)	(3,773)
Amortization of transition obligation	9	9	27	28
Amortization of prior service cost	9	(4)	27	(12)
Amortization of actuarial net loss	639	562	1,873	1,687
Net periodic benefit cost	630	165	1,736	421
Service cost	106	137	309	406
Interest cost	912	709	2,648	2,055
Other Postretirement Benefits Plan [Member]
Service cost	2	4	7	11
Interest cost	53	35	159	105
Amortization of prior service cost	(69)	(69)	(206)	(206)
Net periodic benefit cost	(24)	(30)	(69)	(90)
Service cost	2	4	7	11
Interest cost	$ 53	$ 35	$ 159	$ 105

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Mar. 25, 2022
Effective Income Tax Rate Reconciliation, Percent		54.30%	76.50%
Effective Income Tax Rate Reconciliation, Differences of Foreign Earnings By Jurisdictions, Percent	22.20%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 810	$ 810
Unrecognized Tax Benefits, Income Tax Penalties Accrued	$ 53	$ 53
Foreign Tax Authority [Member]
Open Tax Year		2014 2015 2016 2017 2018 2019 2020 2021
Foreign Tax Authority [Member] | Tax and Customs Administration, Netherlands [Member]
Open Tax Year		2018
Domestic Tax Authority [Member]
Open Tax Year		2018 2019 2020 2021 2022

Note I - Intangible Assets (Det

Note I - Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Apr. 04, 2022
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)			7 years
Amortization of Intangible Assets	$ 738	$ 785	$ 2,140	$ 2,415

Note I - Intangible Assets - In

Note I - Intangible Assets - Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Apr. 04, 2022
Balance, Definite Intangible Assets Gross Carrying Amount			$ 39,845,000
Balance, Definite Intangible Assets Accumulated Amortization/Impairment			(26,835,000)
Balance at June 30, Definite Intangible Assets Net Book Value			13,010,000
Addition, Definite Intangible Assets Gross Carrying Amount			53,000
Addition, Definite Intangible Assets Net Book Value			53,000
Reduction, Definite Intangible Assets Gross Carrying Amount			(10,506)
Reduction, Definite Intangible Assets Accumulated Amortization/Impairment			10,506
Amortization, Intangible Asset	$ (738,000)	$ (785,000)	(2,140,000)	$ (2,415,000)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount			316,000
Translation adjustment, Definite Intangible Assets Net Book Value			316,000
Balance, Definite Intangible Assets Gross Carrying Amount	29,708,000		29,708,000
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(18,469,000)		(18,469,000)
Balance at June 30, Definite Intangible Assets Net Book Value	11,239,000		11,239,000
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			7,636,000
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(993,000)
Translation adjustment, Definite Intangible Assets Net Book Value			214,000
Balance at June 30, Definite Intangible Assets Net Book Value	6,857,000		6,857,000
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			3,238,000
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(880,000)
Translation adjustment, Definite Intangible Assets Net Book Value			365,000
Balance at June 30, Definite Intangible Assets Net Book Value	2,723,000		2,723,000
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			972,000
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(39,000)
Translation adjustment, Definite Intangible Assets Net Book Value			(265,000)
Balance at June 30, Definite Intangible Assets Net Book Value	668,000		668,000
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			1,164,000
Addition, Definite Intangible Assets Net Book Value			53,000
Amortization, Intangible Asset			(228,000)
Translation adjustment, Definite Intangible Assets Net Book Value			2,000
Balance at June 30, Definite Intangible Assets Net Book Value	$ 991,000		$ 991,000

Note I - Intangible Assets - Es

Note I - Intangible Assets - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Mar. 31, 2023 USD ($)
2023	$ 742
2024	2,838
2025	2,681
2026	1,757
2027	1,096
2028	1,066
Thereafter	$ 1,059

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) $ in Thousands			3 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($)	Jan. 27, 2021	Mar. 31, 2023 USD ($)	Dec. 30, 2022 USD ($)	Dec. 25, 2020 USD ($)	Jun. 30, 2019	Jun. 29, 2018 USD ($)
Long-Term Debt, Current Maturities, Total	$ 2,000		$ 2,000
Principal Paid on Sale Leaseback Liabilities				$ 34
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount			12,000				$ 20,000
Minimum [Member]
Sale Leaseback Transactions, Implied Interest Rate						7%
Maximum [Member]
Sale Leaseback Transactions, Term (Year)						5 years
Sale Leaseback Transactions, Implied Interest Rate						25%
The Ninth Amendment [Member] | BMO [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 40,000
The Ninth Amendment [Member] | BMO [Member] | Revolving Credit Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
The Ninth Amendment [Member] | BMO [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Total Funded Debt To EBITDA Allowable Ratio				3.50
Fixed Charge Coverage Ratio				1.10
The Ninth Amendment [Member] | BMO [Member] | Revolving Credit Facility [Member] | Maximum [Member] | SOFR or EURIBO Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Forbearance Agreement [Member] | BMO [Member] | Minimum [Member]
EBITDA					$ 2,500
Forbearance Agreement [Member] | BMO [Member] | Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate		3.25%
The 2018 Credit Agreement [Member] | BMO [Member]
Long-Term Debt, Current Maturities, Total			$ 2,000
The 2018 Credit Agreement [Member] | BMO [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate During Period			5.15%
Line of Credit Facility, Current Borrowing Capacity			$ 40,000
Line of Credit Facility, Remaining Borrowing Capacity			$ 20,760
Term Loan [Member] | The Ninth Amendment [Member]
Debt Agreement, Maximum Borrowing Capacity	$ 20,000
Term Loan [Member] | The Ninth Amendment [Member] | BMO [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth Plus Half of Net Income				$ 100,000
Term Loan [Member] | The Ninth Amendment [Member] | BMO [Member] | Minimum [Member] | SOFR or EURIBO Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.375%
Term Loan [Member] | The Ninth Amendment [Member] | BMO [Member] | Maximum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate		3.875%
Term Loan [Member] | The Ninth Amendment [Member] | BMO [Member] | Maximum [Member] | SOFR or EURIBO Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2.875%
Term Loan [Member] | The 2018 Credit Agreement [Member] | BMO [Member]
Debt Instrument, Interest Rate During Period			6.22%
Unused Revolving Credit Commitment [Member] | The Ninth Amendment [Member] | BMO [Member] | Minimum [Member] | SOFR or EURIBO Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	10%
Unused Revolving Credit Commitment [Member] | The Ninth Amendment [Member] | BMO [Member] | Maximum [Member] | SOFR or EURIBO Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	15%
Unused Revolving Credit Commitment [Member] | Forbearance Agreement [Member] | BMO [Member] | Maximum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate		20%

Note J - Long-term Debt - Long-

Note J - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Long-term debt	$ 31,276	$ 36,543
Less: current maturities	(2,000)	(2,000)
Total long-term debt	29,276	34,543
Revolving Loan [Member]
Long-term debt	19,240	22,968
Term Loan [Member]
Long-term debt	12,000	13,500
Other Long-Term Debt [Member]
Long-term debt	$ 36	$ 75

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 25, 2022
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)	315
Treasury Stock, Shares, Acquired (in shares)	0	0

Note K - Shareholders' Equity -

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 25, 2022	Dec. 31, 2021	Sep. 24, 2021	Mar. 31, 2023	Mar. 25, 2022
Balance	$ 133,765	$ 124,768	$ 131,188	$ 127,931	$ 131,624	$ 130,660	$ 131,188	$ 130,660
Net income	2,750	1,154	(1,931)	2,310	(3,750)	1,980	1,973	539
Translation adjustments	1,014	8,392	(6,290)	(2,721)	(1,701)	(1,938)	3,117	(6,359)
Benefit plan adjustments, net of tax	578	(515)	518	505	623	384	581	1,512
Unrealized gain (loss) on hedges	(224)	(595)	793	810	735	204	(26)	1,748
Compensation expense	736	856	658	620	595	625
Shares (acquired) issued, net		(295)	(168)	0	(195)	(291)
Balance	138,619	133,765	124,768	129,455	127,931	131,624	138,619	129,455
Common Stock [Member]
Balance	41,444	41,285	42,551	41,591	41,165	40,972	42,551	40,972
Compensation expense	736	856	658	620	595	625
Shares (acquired) issued, net	(35)	(697)	(1,924)	(163)	(169)	(432)
Balance	42,145	41,444	41,285	42,048	41,591	41,165	42,145	42,048
Retained Earnings [Member]
Balance	134,141	133,002	135,031	125,020	128,856	126,936	135,031	126,936
Net income	2,674	1,139	(2,029)	2,231	(3,836)	1,920
Balance	136,815	134,141	133,002	127,251	125,020	128,856	136,815	127,251
AOCI Attributable to Parent [Member]
Balance	(29,880)	(37,103)	(32,086)	(24,359)	(24,041)	(22,615)	(32,086)	(22,615)
Translation adjustments	1,023	8,333	(6,328)	(2,680)	(1,676)	(2,014)
Benefit plan adjustments, net of tax	578	(515)	518	505	623	384
Unrealized gain (loss) on hedges	(224)	(595)	793	810	735	204
Balance	(28,503)	(29,880)	(37,103)	(25,724)	(24,359)	(24,041)	(28,503)	(25,724)
Treasury Stock, Common [Member]
Balance	(12,562)	(12,964)	(14,720)	(14,968)	(14,942)	(15,083)	(14,720)	(15,083)
Net income				79
Compensation expense
Shares (acquired) issued, net	35	402	1,756	163	(26)	141
Balance	(12,527)	(12,562)	(12,964)	(14,805)	(14,968)	(14,942)	(12,527)	(14,805)
Noncontrolling Interest [Member]
Balance	622	548	412	647	586	450	412	450
Net income	76	15	98		86	60
Translation adjustments	(9)	59	38	(41)	(25)	76
Balance	$ 689	$ 622	$ 548	$ 685	$ 647	$ 586	$ 689	$ 685

Note K - Stockholders' Equity -

Note K - Stockholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended	9 Months Ended
	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 25, 2022	Dec. 31, 2021	Sep. 24, 2021	Dec. 30, 2022	Mar. 31, 2023	Mar. 25, 2022	Jun. 20, 2022
Balance	$ 138,619	$ 133,765	$ 124,768	$ 129,455	$ 127,931	$ 131,624	$ 133,765	$ 138,619	$ 129,455
Translation adjustment during the quarter	1,014	8,392	(6,290)	(2,721)	(1,701)	(1,938)		3,117	(6,359)
Plan merger remeasurement adjustment							1,115
Balance	138,619	133,765	124,768	129,455	127,931	131,624	133,765	138,619	129,455
Balance	133,765	124,768	131,188	127,931	131,624	130,660	131,188	131,188	130,660
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	762	(261)	(8,594)	2,822	5,502	7,178	(261)	762	2,822	$ (2,266)
Translation adjustment during the quarter	1,023	8,333	(6,328)	(2,680)	(1,676)	(2,014)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Net current period other comprehensive (loss) income	1,023	8,333	(6,328)	(2,680)	(1,676)	(2,014)
Plan merger remeasurement adjustment		0
Balance	762	(261)	(8,594)	2,822	5,502	7,178	(261)	762	2,822
Balance	(261)	(8,594)		5,502	7,178	9,192			9,192
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(31,145)	(31,723)	(31,208)	(29,951)	(30,456)	(31,079)	(31,723)	(31,145)	(29,951)	(31,726)
Translation adjustment during the quarter		0	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	578	600	518	505	623	384
Net current period other comprehensive (loss) income	578	(515)	518	505	623	384
Plan merger remeasurement adjustment		(1,115)
Balance	(31,145)	(31,723)	(31,208)	(29,951)	(30,456)	(31,079)	(31,723)	(31,145)	(29,951)
Balance	(31,723)	(31,208)		(30,456)	(31,079)	(31,463)			(31,463)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	561	694	704	178	(378)	(610)	694	561	178	355
Translation adjustment during the quarter		0	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	(133)	(10)	349	556	232	68
Net current period other comprehensive (loss) income	(133)	(10)	349	556	232	68
Plan merger remeasurement adjustment		0
Balance	561	694	704	178	(378)	(610)	694	561	178
Balance	694	704		(378)	(610)	(678)			(678)
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	1,319	1,410	1,995	1,227	973	470	1,410	1,319	1,227	$ 1,551
Translation adjustment during the quarter		0	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	(91)	(585)	444	254	503	136
Net current period other comprehensive (loss) income	(91)	(585)	444	254	503	136
Plan merger remeasurement adjustment		0
Balance	1,319	1,410	$ 1,995	1,227	973	470	$ 1,410	$ 1,319	1,227
Balance	$ 1,410	$ 1,995		$ 973	$ 470	$ 334			$ 334

Note K - Stockholders' Equity_2

Note K - Stockholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended								6 Months Ended	9 Months Ended
	Mar. 31, 2023		Dec. 30, 2022	Sep. 30, 2022	Mar. 25, 2022		Dec. 31, 2021	Sep. 24, 2021	Dec. 30, 2022	Mar. 31, 2023	Mar. 25, 2022
Plan merger remeasurement adjustment									$ 1,115
Total amortization	$ 3,298				$ 3,063					$ 4,322	$ 2,296
Income taxes	548				753					2,349	1,757
Net income	2,750		$ 1,154	$ (1,931)	2,310		$ (3,750)	$ 1,980		1,973	539
Net income	2,750		$ 1,154	$ (1,931)	2,310		$ (3,750)	$ 1,980		1,973	539
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	629	[1]			562	[1]				1,844	1,687
Transition asset and prior service benefit	(51)	[1]			(64)	[1]				(152)	(190)
Plan merger remeasurement adjustment	0									(1,115)
Translation	1				11					9	19
Total amortization	579				509					586	1,516
Income taxes	1				4					5	4
Net income	578				505					581	1,512
Net income	$ 578				$ 505					$ 581	$ 1,512
[1]These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Restructuring of Ope_3

Note L - Restructuring of Operations (Details Textual) Pure in Thousands, $ in Thousands	3 Months Ended						9 Months Ended		94 Months Ended
	Mar. 31, 2023 USD ($)	Dec. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 25, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2023 USD ($)	Mar. 25, 2022 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2021 USD ($)
Restructuring Reserve, Ending Balance	$ 970			$ 1,024			$ 970		$ 970
Restructuring Charges	33				$ 303		208	$ 1,542
Proceeds from Sale of Property, Plant, and Equipment, Total							7,177	9,152
Gain (Loss) on Disposition of Assets, Total							4,237	2,939
Property, Plant, and Equipment Reclassified to Assets Held for Sale [Member]
Gain (Loss) on Disposition of Assets, Total	4,161
Increase (Decrease) in Assets Held-for-sale			$ 2,801
Propeller Machining Plant and Office in Switzerland [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total	7,150			$ 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 Reserve, Settled without Cash		$ 3,200
Restructuring Charges Additional		$ 1,000
Restructuring Charges	$ 33				303		$ 208	$ 1,542	$ 16,406
Restructuring and Related Cost, Number of Positions Eliminated									254
Impairment of Long-Lived Assets to be Disposed of					$ 4,267

Note L - Restructuring of Ope_4

Note L - Restructuring of Operations - Roll-forward of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Accrued restructuring liability			$ 1,024
Additions	$ 33	$ 303	208	$ 1,542
Payments, adjustments and write-offs during the year			(262)
Accrued restructuring liability	$ 970		$ 970

Note M - Earnings Per Share - C

Note M - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 25, 2022	Dec. 31, 2021	Sep. 24, 2021	Mar. 31, 2023	Mar. 25, 2022
Net income	$ 2,750	$ 1,154	$ (1,931)	$ 2,310	$ (3,750)	$ 1,980	$ 1,973	$ 539
Less: Net earnings attributable to noncontrolling interest	(76)			(79)			(188)	(223)
Less: Undistributed earnings attributable to unvested shares	0			0			0	0
Net income attributable to Twin Disc	$ 2,674			$ 2,231			$ 1,785	$ 316
Weighted average shares outstanding - basic (in shares)	13,504			13,397			13,455	13,339
Basic income per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.20			$ 0.17			$ 0.13	$ 0.02
Effect of dilutive stock awards (in shares)	158			60			153	34
Weighted average shares outstanding - diluted (in shares)	13,662			13,457			13,608	13,373
Diluted income per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.20			$ 0.17			$ 0.13	$ 0.02

Note N - Lease Obligations - Co

Note N - Lease Obligations - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Amortization of right-of-use assets	$ 187	$ 162	$ 498	$ 492
Interest on lease liabilities	87	68	219	211
Operating lease cost	852	800	2,250	2,190
Short-term lease cost	2	13	5	53
Variable lease cost	94	46	202	127
Total lease cost	1,222	1,089	3,174	3,073
Less: Sublease income	(18)	(19)	(53)	(57)
Net lease cost	$ 1,204	$ 1,070	$ 3,121	$ 3,016

Note N - Lease Obligations - Ot

Note N - Lease Obligations - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 25, 2022	Mar. 31, 2023	Mar. 25, 2022
Operating cash flows from operating leases	$ 873	$ 808	$ 2,268	$ 2,281
Operating cash flows from finance leases	138	207	270	623
Financing cash flows from finance leases	73	68	231	726
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	218	695	1,736	1,091
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 47	$ 0	$ 367	$ 307
Weighted average remaining lease term (years): Operating leases (Year)	8 years 9 months 18 days	8 years 9 months 18 days	8 years 9 months 18 days	8 years 9 months 18 days
Weighted average remaining lease term (years): Finance lease (Year)	11 years 3 months 18 days	11 years 4 months 24 days	11 years 3 months 18 days	11 years 4 months 24 days
Weighted average discount rate: Operating leases	7.20%	7.10%	7.20%	7.10%
Weighted average discount rate: Finance leases	5.20%	5.10%	5.20%	5.10%

Note N - Lease Obligations - Fu

Note N - Lease Obligations - Future Minimum Rental Commitments Under Noncancelable Leases (Details) $ in Thousands	Mar. 31, 2023 USD ($)
2023, Operating Leases	$ 764
2023, Finance Leases	233
2024, Operating Leases	2,607
2024, Finance Leases	900
2025, Operating Leases	1,708
2025, Finance Leases	661
2026, Operating Leases	1,484
2026, Finance Leases	593
2027, Operating Leases	1,438
2027, Finance Leases	527
Thereafter, Operating Leases	7,701
Thereafter, Finance Leases	3,598
Total future lease payments, Operating Leases	15,702
Total future lease payments, Finance Leases	6,512
Less: Amount representing interest, Operating Leases	(3,269)
Less: Amount representing interest, Finance Leases	(1,338)
Present value of future payments, Operating Leases	12,434
Present value of future payments, Finance Leases	$ 5,175

Note N - Lease Obligations - _2

Note N - Lease Obligations - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Operating lease right-of-use assets	$ 12,415	$ 12,685
Operating lease liabilities	9,897	10,575
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets	4,675	4,805
Accrued Liabilities [Member]
Operating lease liabilities	2,537	2,127
Finance lease liabilities	627	576
Lease Obligation [Member]
Operating lease liabilities	9,897	10,575
Other Noncurrent Liabilities [Member]
Finance lease liabilities	$ 4,548	$ 4,440

Note O - Derivative Financial_3

Note O - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	9 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 20, 2022 USD ($)	Mar. 25, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 24, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2021 EUR (€)	Jun. 29, 2018 USD ($)
Equity, Including Portion Attributable to Noncontrolling Interest	$ 138,619	$ 131,188	$ 133,765	$ 124,768		$ 129,455	$ 127,931	$ 131,624	$ 130,660
Cash Flow Hedge Gain (Loss) to be Reclassified within 12 Months	239
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	561		$ 694	$ 704	$ 355	$ 178	$ (378)	$ (610)	$ (678)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Equity, Including Portion Attributable to Noncontrolling Interest		355
Interest Rate Swap [Member]
Derivative, Number of Instruments Held, Total			1
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	12,000										$ 20,000
Equity, Including Portion Attributable to Noncontrolling Interest	561
Euro Denominated Revolving Loan [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount | €										€ 6.5
Derivative, Gain (Loss) on Derivative, Net	$ (1,319)	$ (1,551)

Note O - Derivative Financial_4

Note O - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Accounts Payable and Accrued Liabilities [Member]
Derivative Liabilities, Current	$ 239	$ 68
Other Noncurrent Liabilities [Member]
Derivative Liabilities, Noncurrent	$ 112	$ 77

Note O - Derivative Financial_5

Note O - Derivative Financial Instruments - Impact of the Company's Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 30, 2022	Sep. 30, 2022	Mar. 25, 2022	Dec. 31, 2021	Sep. 24, 2021	Mar. 31, 2023	Mar. 25, 2022
Unrealized gain (loss) on hedges	$ (224)	$ (595)	$ 793	$ 810	$ 735	$ 204	$ (26)	$ 1,748
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	(133)			556			206	855
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	76			81			238	268
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	$ (91)			$ 254			$ (232)	$ 893