Twin Disc (TWIN) 10-Q 7 Feb 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 29, 2023	Feb. 02, 2024
Document Information [Line Items]
Entity Central Index Key	0000100378
Entity Registrant Name	TWIN DISC INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 29, 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	222 East Erie Street, Suite 400
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53202
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		13,995,627

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 29, 2023	Sep. 29, 2023	Jun. 30, 2023	Dec. 30, 2022	Sep. 30, 2022	Jun. 30, 2022
Current assets:
Cash	$ 21,021		$ 13,263	$ 13,528
Trade accounts receivable, net	41,428		54,760	39,392
Inventories	131,768		131,930	136,810
Assets held for sale	2,968		2,968	2,968
Prepaid expenses	10,157		8,459	10,871
Other	9,235		8,326	7,228
Total current assets	216,577		219,706	210,797
Property, plant and equipment, net	40,334		38,650	39,683
Right-of-use assets operating leases	12,017		13,133	12,807
Intangible assets, net	11,146		12,637	11,798
Deferred income taxes	2,371		2,244	2,403
Other assets	2,745		2,811	2,766
Total assets	285,190		289,181	280,254
Current liabilities:
Current maturities of long-term debt	2,000		2,010	2,000
Accounts payable	32,611		36,499	28,906
Accrued liabilities	62,929		61,586	55,939
Total current liabilities	97,540		100,095	86,845
Long-term debt	15,698		16,617	29,927
Lease obligations	9,988		10,811	10,278
Accrued retirement benefits	6,975		7,608	10,587
Deferred income taxes	3,162		3,280	3,506
Other long-term liabilities	5,917		5,253	5,346
Total liabilities	139,280		143,664	146,489
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0		0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	39,661		42,855	41,444
Retained earnings	119,496		120,299	110,243
Accumulated Other Comprehensive Income (Loss), Net of Tax	(4,059)		(5,570)	(5,982)
Equity before treasury stock	155,098		157,584	145,705
Less treasury stock, at cost (639,006 and 814,734 shares, respectively)	9,802		12,491	12,562
Total Twin Disc shareholders' equity	145,296		145,093	133,143
Noncontrolling interest	614		424	622
Total equity	145,910	$ 140,175	145,517	133,765	$ 124,768	$ 131,188
Total liabilities and equity	$ 285,190		$ 289,181	$ 280,254

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 29, 2023	Jun. 30, 2023	Dec. 30, 2022
Preferred Shares, Authorized (in shares)	200,000	200,000	200,000
Preferred Shares, Issued (in shares)	0	0	0
Preferred Shares, No Par Value (in dollars per share)	$ 0	$ 0	$ 0
Common shares, authorized (in shares)	30,000,000	30,000,000	30,000,000
Common shares, shares issued (in shares)	14,632,802	14,632,802	14,632,802
Common shares, no par value (in dollars per share)	$ 0	$ 0	$ 0
Treasury Stock, Common, Shares (in shares)	639,006	814,734	819,398

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Net sales	$ 72,994	$ 63,351	$ 136,547	$ 119,264
Gross profit	20,656	17,023	37,292	30,320
Marketing, engineering and administrative expenses	17,149	15,983	34,068	31,063
Restructuring expenses	69	164	68	174
Other operating income	0	(4,150)	0	(4,150)
Income from operations	3,438	5,026	3,156	3,233
Interest expense	392	594	786	1,160
Other expense (income), net	449	182	310	(164)
Non-operating income (expense)	841	776	1,096	996
Income before income taxes and noncontrolling interest	2,597	4,250	2,061	2,237
Income tax expense	1,662	2,489	2,208	1,801
Net income (loss)	935	1,761	(148)	436
Less: Net earnings attributable to noncontrolling interest, net of tax	(5)	(15)	(95)	(112)
Net income (loss) attributable to Twin Disc	$ 930	$ 1,746	$ (243)	$ 324
Dividends per share (in dollars per share)	$ 0.04	$ 0	$ 0.04	$ 0
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	0.07	0.13	(0.02)	0.02
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.07	$ 0.13	$ (0.02)	$ 0.02
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,718	13,460	13,629	13,434
Diluted shares outstanding (in shares)	13,923	13,699	13,629	13,649
Comprehensive income (loss)
Net income (loss)	$ 935	$ 1,761	$ (148)	$ 436
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively	(108)	(1,122)	(279)	(1,211)
Translation adjustment during the quarter	5,190	8,392	2,154	2,102
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively	(485)	(595)	(269)	198
Comprehensive income	5,532	8,436	1,458	1,525
Less: Comprehensive income attributable to noncontrolling interest	40	74	190	210
Comprehensive income attributable to Twin Disc	5,492	8,362	1,268	1,315
Service Excluding Boat Management System Product Line [Member]
Cost of goods sold	52,338	46,328	96,156	88,944
Boat Management System Product Line [Member]
Cost of goods sold	$ 0	$ 0	$ 3,099	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Benefit plan adjustments, income taxes	$ 13	$ 13	$ 8	$ 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	6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (148)	$ 436
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	5,023	4,266
Gain on sale of assets	(42)	(4,203)
Provision for deferred income taxes	280	(1,105)
Stock compensation expense and other non-cash changes, net	1,413	1,565
Net change in operating assets and liabilities	6,422	(927)
Net cash provided by operating activities	16,047	32
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant, and equipment	(5,419)	(4,734)
Proceeds from sale of fixed assets	0	7,152
Other, net	(252)	385
Net cash (used) provided by investing activities	(5,671)	2,803
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving loan arrangements	50,632	42,898
Repayments of revolving loan arrangements	(50,632)	(46,628)
Repayments of other long-term debt	(1,010)	(707)
Dividends paid to shareholders	(560)	0
Payments of finance lease obligations	(471)	(132)
Payments of withholding taxes on stock compensation	(1,772)	(463)
Net cash used by financing activities	(3,813)	(5,032)
Effect of exchange rate changes on cash	1,195	3,204
Net change in cash	7,758	1,007
Cash:
Beginning of period	13,263	12,521
End of period	21,021	13,528
Boat Management System Product Line [Member]
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss on sale of boat management product line and related inventory	$ 3,099	$ 0

Note A - Basis of Presentation

Note A - Basis of Presentation	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	TWIN DISC, INCORPORATED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) 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 - June 30, 2023. 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 Change in Accounting Method During the fourth 2023, not 10% second 20% fourth 2023, 2023, 10 Under the new accounting method, actuarial gains and losses are recognized in net periodic benefit cost through a modified mark-to-market (expense) benefit upon annual remeasurement in the fourth not 20% 10% 20% See Notes G, K, M and P for further information regarding the impact of the Accounting change on the Company’s current and prior consolidated financial statements. Recently Adopted Accounting Standards In March 2020 January 2021, 2020 04 2021 01, March 12, 2020, may December 31, 2022. not In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 not Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories

Note B - Inventories	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. Inventories The major classes of inventories were as follows: December 29, 2023 June 30, 2023 Inventories: Finished parts $ 65,089 $ 66,956 Work in process 22,239 23,374 Raw materials 44,440 41,600 $ 131,768 $ 131,930 In the first 2024, one not second 2024.

Note C - Warranty

Note C - Warranty	6 Months Ended
	Dec. 29, 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 December 29, 2023 December 30, 2022: For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Reserve balance, beginning of period $ 4,160 $ 3,804 $ 3,476 $ 3,329 Current period expense and adjustments 1,208 770 2,724 1,678 Payments or credits to customers (898 ) (503 ) (1,718 ) (869 ) Translation 18 74 6 7 Reserve balance, end of period $ 4,488 $ 4,145 $ 4,488 $ 4,145 The current portion of the warranty accrual ($3,549 and $3,552 as of December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022,

Note D - Contingencies

Note D - Contingencies	6 Months Ended
	Dec. 29, 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	6 Months Ended
	Dec. 29, 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 Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Net sales Manufacturing segment sales $ 58,368 $ 56,678 $ 112,906 $ 105,675 Distribution segment sales 37,242 25,584 70,095 49,892 Inter/Intra segment elimination – manufacturing (18,795 ) (14,198 ) (38,979 ) (27,842 ) Inter/Intra segment elimination – distribution (3,821 ) (4,713 ) (7,475 ) (8,461 ) $ 72,994 $ 63,351 $ 136,547 $ 119,264 Net income (loss) attributable to Twin Disc Manufacturing segment net income $ 2,078 $ 4,439 $ 3,636 $ 6,841 Distribution segment net income 3,173 1,403 4,179 2,359 Corporate and eliminations (4,321 ) (4,096 ) (8,058 ) (8,876 ) $ 930 $ 1,746 $ (243 ) $ 324 Assets December 29, 2023 June 30, 2023 Manufacturing segment assets $ 380,283 $ 381,668 Distribution segment assets 70,391 69,213 Corporate assets and elimination of intercompany assets (165,484 ) (161,700 ) $ 285,190 $ 289,181 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters ended December 29, 2023 December 30, 2022. Net sales by product group for the quarter ended December 29, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,704 $ 1,557 $ (730 ) $ 6,531 Land-based transmissions 15,003 7,953 (7,093 ) $ 15,863 Marine and propulsion systems 37,661 24,058 (14,773 ) $ 46,946 Other - 3,674 (20 ) $ 3,654 Total $ 58,368 $ 37,242 $ (22,616 ) $ 72,994 Net sales by product group for the quarter ended December 30, 2022 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 6,963 $ 1,726 $ (1,177 ) $ 7,512 Land-based transmissions 15,256 3,445 (4,030 ) $ 14,671 Marine and propulsion systems 34,262 15,427 (13,223 ) $ 36,466 Other 197 4,986 (481 ) $ 4,702 Total $ 56,678 $ 25,584 $ (18,911 ) $ 63,351 Net Sales by product group for the two December 29, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 10,994 $ 2,586 $ (1,364 ) $ 12,216 Land-based transmissions 29,684 20,623 (15,867 ) $ 34,440 Marine and propulsion systems 72,228 40,378 (29,197 ) $ 83,409 Other (0 ) 6,508 (26 ) $ 6,482 Total $ 112,906 $ 70,095 $ (46,454 ) $ 136,547 Net Sales by product group for the two December 30, 2022 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 13,656 $ 2,774 $ (1,886 ) $ 14,544 Land-based transmissions 31,543 8,051 (8,985 ) $ 30,609 Marine and propulsion systems 60,077 29,971 (24,246 ) $ 65,802 Other 399 9,096 (1,186 ) $ 8,309 Total $ 105,675 $ 49,892 $ (36,303 ) $ 119,264

Note F - Stock-based Compensati

Note F - Stock-based Compensation	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	F. Stock-Based Compensation Performance Stock Awards ( PSA ) During the first two 2024 2023, 2024 three June 30, 2026. The fiscal 2023 three June 30, 2025. There were 335.2 and 438.9 unvested PSAs outstanding at December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022, two December 29, 2023 December 30, 2022, December 29, 2023 December 29, 2023, 2024 2023 December 29, 2023 December 30, 2022 Performance Stock Unit Awards ( PSUA ) The PSUAs entitle an individual to shares of common stock of the Company or cash in lieu of shares of Company common stock if specific terms and conditions or restrictions are met through a specified date. During the first two 2024 2023, 2024 three June 30, 2026. There were 10.5 and 0 unvested PSUAs outstanding at December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022, two December 29, 2023 December 30, 2022, December 29, 2023 December 29, 2023, 2024 December 29, 2023 December 30, 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 3 first two 2024 2023, December 29, 2023 December 30, 2022, two December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022, two December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022 December 29, 2023, three Restricted Stock Unit Awards ( RSU ) The RSUs entitle an individual to shares of common stock of the Company or cash in lieu of shares of Company common stock if specific terms and conditions or restrictions are met through a specified date, generally three first two 2024 2023, December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022, two December 29, 2023 December 30, 2022, December 29, 2023 December 30, 2022 December 29, 2023 December 29, 2023, three

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	6 Months Ended
	Dec. 29, 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 As discussed in Note A, during the fourth 2023, fourth The components of the net periodic benefit cost for the defined benefit pension plans and the other postretirement benefit plan are as follows: For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Pension Benefits: Service cost $ 94 $ 102 $ 188 $ 203 Prior service cost - 8 - 17 Interest cost 896 868 1,792 1,736 Expected return on plan assets (1,048 ) (1,060 ) (2,096 ) (2,120 ) Amortization of transition obligation 10 9 19 18 Amortization of prior service cost 9 9 17 18 Amortization of actuarial net loss 16 617 31 1,235 Net periodic benefit (gain) cost $ (23 ) $ 553 $ (49 ) $ 1,107 Postretirement Benefits: Service cost $ 2 $ 2 $ 4 $ 5 Interest cost 48 53 95 106 Amortization of prior service cost (22 ) (69 ) (44 ) (137 ) Amortization of actuarial net loss (155 ) (10 ) (310 ) (19 ) Net periodic benefit gain $ (127 ) $ (24 ) $ (255 ) $ (45 ) 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 $675 to its pension plans in fiscal 2024. December 29, 2023, The Company has reclassified ($108) (net of $13 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the quarter ended December 29, 2023, December 30, 2022. two December 29, 2023, two December 30, 2022.

Note H - Income Taxes

Note H - Income Taxes	6 Months Ended
	Dec. 29, 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 six December 29, 2023 December 30, 2022 no The Company maintains valuation allowances when it is more likely than not not no The Company has approximately $834 of unrecognized tax benefits, including interest and penalties, as of December 29, 2023, no two December 29, 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 2018 2023 2018. 2024.

Note I - Intangible Assets

Note I - Intangible Assets	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I. Intangible Assets As of December 29, 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, 2023 $ 31,925 $ (19,288 ) $ 12,637 $ 6,553 $ 2,422 $ 668 $ 2,994 Addition 73 - 73 - - - 73 Reduction (631 ) 631 - - - - - Amortization - (1,636 ) (1,636 ) (622 ) (601 ) (39 ) (374 ) Translation adjustment 72 - 72 62 (173 ) 195 (12 ) Balance at December 29, 2023 $ 31,439 $ (20,293 ) $ 11,146 $ 5,993 $ 1,648 $ 824 $ 2,681 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 5 Intangible amortization expense was $817 and $704 for the quarters ended December 29, 2023, December 30, 2022, two December 29, 2023, December 30, 2022, 2024 five Fiscal Year 2024 $ 1,827 2025 3,316 2026 2,310 2027 1,553 2028 1,405 2029 735 Thereafter 0

Note J - Long Term Debt

Note J - Long Term Debt	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt Long-term debt at December 29, 2023 June 30, 2023 December 29, 2023 June 30, 2023 Credit Agreement Debt Revolving loans (expire June 2025) $ 7,175 $ 7,094 Term loan (due March 2026) 10,500 11,500 Other 23 33 Subtotal 17,698 18,627 Less: current maturities (2,000 ) (2,010 ) Total long-term debt $ 15,698 $ 16,617 Credit Agreement Debt: June 29, 2018, “2016 not may, not March 4, 2026, may not June 30, 2025. Under the Credit Agreement as amended, interest rates are based on either the secured overnight financing rate (“SOFR”) or the euro interbank offered rate (the “EURIBO Rate”). Loans 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 Credit Agreement, as amended, requires the Company to meet certain financial covenants. Specifically, the Company’s Total Funded Debt to EBITDA ratio 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 The Company has 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. The Bank may not Upon the occurrence of an Event of Default, BMO may 1 2 3 may three The Company remains in compliance with its liquidity and other covenants. As of December 29, 2023, Other: three five During the quarter ended December 29, 2023, As of December 29, 2023, The Company’s borrowings described above approximate fair value at December 29, 2023 June 30, 2023. 2 The Company is party to an interest rate swap arrangement with Bank of Montreal, with an initial notional amount of $20,000 and a maturity date of March 4, 2026 December 29, 2023, 815, During the fourth 2021,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	6 Months Ended
	Dec. 29, 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 December 29, 2023 not December 29, 2023 December 30, 2022. As of July 1, 2022, See Notes A, G, M, and P for further information regarding the impact of the Accounting change on the Company’s prior year consolidated financial statements. The following is a reconciliation of the Company’s equity balances for the first two 2024 2023: Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2023 $ 42,855 $ 120,299 $ (5,570 ) $ (12,491 ) $ 424 $ 145,517 Net (loss) income (1,173 ) 90 (1,083 ) Translation adjustments (3,096 ) 60 (3,036 ) Benefit plan adjustments, net of tax (171 ) (171 ) Unrealized gain on hedges, net of tax 216 216 Compensation expense 495 495 Shares (acquired) issued, net (3,911 ) 2,148 (1,763 ) Balance, September 29, 2023 39,439 119,126 (8,621 ) (10,343 ) 574 140,175 Net income 930 5 935 Dividends paid to shareholders (560 ) (560 ) Translation adjustments 5,155 35 5,190 Benefit plan adjustments, net of tax (108 ) (108 ) Unrealized loss on hedges, net of tax (485 ) (485 ) Compensation expense 772 772 Shares (acquired) issued, net (550 ) 541 (9 ) Balance, December 29, 2023 $ 39,661 $ 119,496 $ (4,059 ) $ (9,802 ) $ 614 $ 145,910 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2022 $ 42,551 $ 109,919 $ (6,974 ) $ (14,720 ) $ 412 $ 131,188 Net (loss) income (1,422 ) 98 (1,324 ) Translation adjustments (6,328 ) 38 (6,290 ) Benefit plan adjustments, net of tax (89 ) (89 ) Unrealized gain on hedges, net of tax 793 793 Compensation expense 658 658 Shares (acquired) issued, net (1,924 ) 1,756 (168 ) Balance, September 30, 2022 41,285 108,497 (12,598 ) (12,964 ) 548 124,768 Net income 1,746 15 1,761 Translation adjustments 8,333 59 8,392 Benefit plan adjustments, net of tax (1,122 ) (1,122 ) Unrealized loss on hedges, net of tax (595 ) (595 ) Compensation expense 856 856 Shares (acquired) issued, net (697 ) 402 (295 ) Balance, December 30, 2022 $ 41,444 $ 110,243 $ (5,982 ) $ (12,562 ) $ 622 $ 133,765 Reconciliations for the changes in accumulated other comprehensive loss, net of tax, by component for the quarters ended December 29, 2023 December 30, 2022 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Translation adjustment during the quarter (3,096 ) - - - Amounts reclassified from accumulated other comprehensive loss - (171 ) (6 ) 222 Net current period other comprehensive (loss) income (3,096 ) (171 ) (6 ) 222 Balance, September 29, 2023 (4,678 ) (6,119 ) 682 1,494 Translation adjustment during the quarter 5,155 Amounts reclassified from accumulated other comprehensive loss - (108 ) (183 ) (302 ) Net current period other comprehensive income (loss) 5,155 (108 ) (183 ) (302 ) Balance at December 29, 2023 $ 477 $ (6,227 ) $ 499 $ 1,192 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2022 $ (2,266 ) $ (6,614 ) $ 356 $ 1,550 Translation adjustment during the quarter (6,328 ) - - - Amounts reclassified from accumulated other comprehensive loss - (89 ) 657 136 Net current period other comprehensive (loss) income (6,328 ) (89 ) 657 136 Balance, September 30, 2022 (8,594 ) (6,703 ) 1,013 1,686 Translation adjustment during the quarter 8,333 - - - Amounts reclassified from accumulated other comprehensive loss (7 ) (10 ) (585 ) Plan merger adjustment - (1,115 ) - - Net current period other comprehensive income (loss) 8,333 (1,122 ) (10 ) (585 ) Balance at December 30, 2022 $ (261 ) $ (7,825 ) $ 1,003 $ 1,101 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended December 29, 2023 Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 29, 2023 December 29, 2023 Changes in benefit plan items Actuarial losses $ (91 ) (a) $ (263 ) (a) Transition asset and prior service benefit (4 ) (a) (8 ) (a) Total amortization (95 ) (271 ) Income tax expense (13 ) (8 ) Total reclassification net of tax $ (108 ) $ (279 ) Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended December 30, 2022 Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 30, 2022 December 30, 2022 Changes in benefit plan items Actuarial losses $ 664 (a) $ 1,223 (a) Transition asset and prior service benefit (51 ) (a) (101 ) (a) Mark-to-market adjustment (607 ) (1,214 ) Plan merger remeasurement adjustment (1,115 ) (1,115 ) Total amortization (1,109 ) (1,207 ) Income taxes (13 ) (4 ) Total reclassification net of tax $ (1,122 ) $ (1,211 ) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Assets Held for Sale

Note L - Assets Held for Sale	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Assets Held-for-Sale [Text Block]	L. 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. Such actions required the Company to reclassify these assets from Property, Plant and Equipment to Assets Held for Sale, at fair value less costs to sell, or net book value, whichever is lower. Fair value was determined using real estate broker estimates and would be classified as Level 3 fourth 2021. In the first 2023, 3 In the second 2023, In the first 2024, $2.1 October 30, 2023.

Note M - Earnings Per Share

Note M - Earnings Per Share	6 Months Ended
	Dec. 29, 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 As discussed in Note A, during the fourth 2023, fourth The components of basic and diluted earnings per share were as follows: For the Quarter Ended For the Two Quarters Ended As Adjusted As Adjusted December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Basic: Net income (loss) $ 935 $ 1,761 $ (148 ) $ 436 Less: Net earnings attributable to noncontrolling interest (5 ) (15 ) (95 ) (112 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income (loss) attributable to Twin Disc 930 1,746 (243 ) 324 Weighted average shares outstanding - basic 13,718 13,460 13,629 13,434 Basic Loss Per Share: Net earnings (loss) per share - basic $ 0.07 $ 0.13 $ (0.02 ) $ 0.02 Diluted: Net income (loss) $ 935 $ 1,761 $ (148 ) $ 436 Less: Net earnings attributable to noncontrolling interest (5 ) (15 ) (95 ) (112 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income (loss) attributable to Twin Disc 930 1,746 (243 ) 324 Weighted average shares outstanding - basic 13,718 13,460 13,629 13,434 Effect of dilutive stock awards 205 239 - 215 Weighted average shares outstanding - diluted 13,923 13,699 13,629 13,649 Diluted Income (Loss) Per Share: Net earnings (loss) per share - diluted $ 0.07 $ 0.13 $ (0.02 ) $ 0.02 The following potential common shares were excluded from diluted EPS for the two quarters ended December 29, 2023

Note N - Lease Liabilities

Note N - Lease Liabilities	6 Months Ended
	Dec. 29, 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 following table provides a summary of leases recorded on the condensed consolidated balance sheet. Balance Sheet Location December 29, 2023 June 30, 2023 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 12,017 $ 13,133 Finance lease right-of-use assets Property, plant and equipment, net 4,860 4,427 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,064 $ 2,343 Operating lease liabilities Lease obligations 9,988 10,811 Finance lease liabilities Accrued liabilities 642 643 Finance lease liabilities Other long-term liabilities 4,532 4,314 The components of lease expense were as follows: For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Finance lease cost: Amortization of right-of-use assets $ 175 $ 156 $ 397 $ 311 Interest on lease liabilities 77 67 151 132 Operating lease cost 882 686 1,775 1,397 Short-term lease cost 6 (10 ) 9 3 Variable lease cost 99 67 199 108 Total lease cost 1,239 966 2,531 1,951 Less: Sublease income (20 ) (18 ) (41 ) (35 ) Net lease cost $ 1,219 $ 948 $ 2,490 $ 1,916 Other information related to leases was as follows: For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 934 $ 777 $ 1,871 $ 1,473 Operating cash flows from finance leases 76 215 149 420 Financing cash flows from finance leases 207 67 471 132 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 188 990 188 1,518 Finance leases 123 269 657 320 Weighted average remaining lease term (years): Operating leases 8.1 8.3 Finance lease 9.5 10.8 Weighted average discount rate: Operating leases 7.6 % 7.2 % Finance leases 5.8 % 5.2 % Approximate future minimum rental commitments under non-cancellable leases as of December 29, 2023 Operating Leases Finance Leases 2024 $ 1,575 $ 492 2025 2,300 836 2026 1,810 788 2027 1,697 735 2028 1,652 657 2029 1,637 482 Thereafter 5,752 2,646 Total future lease payments 16,423 6,636 Less: Amount representing interest (4,371 ) (1,462 ) Present value of future payments $ 12,052 $ 5,174

Note O - Derivative Financial I

Note O - Derivative Financial Instruments	6 Months Ended
	Dec. 29, 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 volatility arising from risks relating to interest rates and foreign currency exchange rates. The Company does not no The Company reports all derivative instruments on its condensed 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 outstanding interest rate swap contract as of December 29, 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 condensed 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 ($499) and ($688) as of December 29, 2023, June 30, 2023, The Company estimates that $218 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 rate risk related to its investment in net assets in foreign countries. During the fourth 2021, €13,000, December 29, 2023 June 30, 2023, Fair Value of Derivative Instruments The fair value of derivative instruments included in the condensed consolidated balance sheets were as follows: Balance Sheet Location December 29, 2023 June 30, 2023 Derivative designated as hedge: Interest rate swap Other current assets $ 209 $ 292 Interest rate swap Other noncurrent assets 80 187 The impact of the Company’s derivative instruments on the condensed consolidated statements of operations and comprehensive income (loss) for the quarters ended December 29, 2023 December 30, 2022, Statement of Comprehensive For the Quarter Ended For the Two Quarters Ended Income (Loss) Location December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Derivative designated as hedge: Interest rate swap Interest expense $ 67 $ 79 $ 138 $ 162 Interest rate swap Unrealized gain (loss) on hedges 183 10 189 (339 ) Net investment hedge Unrealized (loss) gain on hedges (302 ) 585 (81 ) 141

Note P - Impact of Accounting M

Note P - Impact of Accounting Method Change	6 Months Ended
	Dec. 29, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	P. IMPACT OF ACCOUNTING METHOD CHANGE The following tables summarize the effects of the Accounting change described in Note A on the Company’s condensed consolidated statement of operations and comprehensive loss, statement of cash flows and statement of changes in equity for the quarter ended and the two December 30, 2022 December 30, 2022. CONDENSED CONSOLIDATED STATEMENT OF OPERATION AND COMPREHENSIVE INCOME (LOSS) For the Quarter Ended For the Two Quarters Ended December 30, 2022 December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method Net sales $ 63,351 $ - $ 63,351 $ 119,264 $ - $ 119,264 Cost of goods sold 46,328 - 46,328 88,944 - 88,944 Gross profit 17,023 - 17,023 30,320 - 30,320 Marketing, engineering and administrative expenses 15,983 - 15,983 31,063 - 31,063 Restructuring expenses 164 - 164 174 - 174 Other operating income (4,150 ) - (4,150 ) (4,150 ) - (4,150 ) Income from operations 5,026 - 5,026 3,233 - 3,233 Other expense (income): Interest expense 594 - 594 1,160 - 1,160 Other expense (income), net 789 (607 ) 182 1,050 (1,214 ) (164 ) 1,383 (607 ) 776 2,210 (1,214 ) 996 Income before income taxes and noncontrolling interest 3,643 607 4,250 1,023 1,214 2,237 Income tax expense 2,489 - 2,489 1,801 - 1,801 Net income (loss) 1,154 607 1,761 (778 ) 1,214 436 Less: Net earnings attributable to noncontrolling interest, net of tax (15 ) - (15 ) (112 ) - (112 ) Net income (loss) attributable to Twin Disc $ 1,139 $ 607 $ 1,746 $ (890 ) $ 1,214 $ 324 Income (loss) per share data: Basic income (los)s per share attributable to Twin Disc common shareholders $ 0.08 $ 0.05 $ 0.13 $ (0.07 ) $ 0.09 $ 0.02 Diluted income (loss) per share attributable to Twin Disc common shareholders $ 0.08 $ 0.05 $ 0.13 $ (0.07 ) $ 0.09 $ 0.02 Weighted average shares outstanding data: Basic shares outstanding 13,460 - 13,460 13,434 - 13,434 Diluted shares outstanding 13,699 - 13,699 13,434 - 13,434 Comprehensive income (loss) Net income (loss) $ 1,154 $ 607 $ 1,761 $ (778 ) $ 1,214 $ 436 Benefit plan adjustments, net of income taxes of $ 1 3 13 4 (515 ) (607 ) (1,122 ) 3 (1,214 ) (1,211 ) Foreign currency translation adjustment 8,392 - 8,392 2,005 - 2,005 Unrealized (loss) gain on hedges, net of income taxes of $ 0 0 (595 ) - (595 ) 198 - 198 Comprehensive income 8,436 - 8,436 1,428 - 1,428 Less: Comprehensive income attributable to noncontrolling interest 74 - 74 210 - 210 Comprehensive income attributable to Twin $ 8,362 $ - $ 8,362 $ 1,218 $ - $ 1,218 CONDENSED ONSOLIDATED CONDENSED BALANCE SHEET December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method ASSETS Current assets: Cash $ 13,528 $ - $ 13,528 Trade accounts receivable, net 39,392 - 39,392 Inventories 136,810 - 136,810 Assets held for sale 2,968 - 2,968 Prepaid expenses 10,871 - 10,871 Other 7,228 - 7,228 Total current assets 210,797 - 210,797 Property, plant and equipment, net 39,683 - 39,683 Right-of-use assets operating leases 12,807 - 12,807 Intangible assets, net 11,798 - 11,798 Deferred income taxes 2,403 - 2,403 Other assets 2,766 - 2,766 Total assets $ 280,254 $ - $ 280,254 LIABILITIES AND EQUITY Current liabilities: Current maturities of long-term debt $ 2,000 $ - $ 2,000 Accounts payable 28,906 - 28,906 Accrued liabilities 55,939 - 55,939 Total current liabilities 86,845 - 86,845 Long-term debt 29,927 - 29,927 Lease obligations 10,278 - 10,278 Accrued retirement benefits 10,587 - 10,587 Deferred income taxes 3,506 - 3,506 Other long-term liabilities 5,346 - 5,346 Total liabilities 146,489 - 146,489 Twin Disc shareholders' equity: Preferred shares authorized: 200,000 none no - - - Common shares authorized: 30,000,000 14,632,802 no 41,444 - 41,444 Retained earnings 134,141 (23,898 ) 110,243 Accumulated other comprehensive loss (29,880 ) 23,898 (5,982 ) 145,705 - 145,705 Less treasury stock, at cost ( 819,398 12,562 - 12,562 Total Twin Disc shareholders' equity 133,143 - 133,143 Noncontrolling interest 622 - 622 Total equity 133,765 - 133,765 Total liabilities and equity $ 280,254 $ - $ 280,254 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) income $ (778 ) $ 1,214 $ 436 Adjustments to reconcile net (loss) income to net cash provided by activities: Depreciation and amortization 4,266 - 4,266 Gain on sale of assets (4,203 ) - (4,203 ) Provision for deferred income taxes (1,105 ) - (1,105 ) Stock compensation expense 1,565 - 1,565 Net change in operating assets and liabilities 287 (1,214 ) (927 ) Net cash provided by operating activities 32 - 32 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant, and equipment (4,734 ) - (4,734 ) Proceeds from sale of fixed assets 7,152 - 7,152 Proceeds on note receivable - - - Other, net 385 - 385 Net cash provided by investing activities 2,803 - 2,803 CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings under revolving loan arrangements 42,898 - 42,898 Repayments of revolving loan arrangements (46,628 ) - (46,628 ) Repayments of other long-term debt (839 ) 132 (707 ) Payments of finance lease obligations (132 ) (132 ) Payments of withholding taxes on stock compensation (463 ) - (463 ) Net cash used by financing activities (5,032 ) - (5,032 ) Effect of exchange rate changes on cash 3,204 - 3,204 Net change in cash 1,007 - 1,007 Cash: Beginning of period 12,521 - 12,521 End of period $ 13,528 $ - $ 13,528 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method Retained earnings Balance at June 30, 2022 135,031 (25,112 ) 109,919 Net (loss) income attributable to Twin Disc (890 ) 1,214 324 Balance at December 30, 2022 $ 134,141 $ (23,898 ) $ 110,243 Accumulated other comprehensive income (loss) Balance at June 30, 2022 (32,086 ) 25,112 (6,974 ) Translation adjustments 2,005 - 2,005 Benefit plan adjustments, net of tax 3 (1,214 ) (1,211 ) Unrealized gain on hedges, net of tax 198 - 198 Balance at December 30, 2022 $ (29,880 ) $ 23,898 $ (5,982 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 29, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Change in Accounting Method During the fourth 2023, not 10% second 20% fourth 2023, 2023, 10 Under the new accounting method, actuarial gains and losses are recognized in net periodic benefit cost through a modified mark-to-market (expense) benefit upon annual remeasurement in the fourth not 20% 10% 20% See Notes G, K, M and P for further information regarding the impact of the Accounting change on the Company’s current and prior consolidated financial statements.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Standards In March 2020 January 2021, 2020 04 2021 01, March 12, 2020, may December 31, 2022. not In June 2016, 2016 13 2018 19, 2019 04, 2019 05 2019 10 326 326 December 15, 2019, December 15, 2022 ( 2024 326 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)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 29, 2023 June 30, 2023 Inventories: Finished parts $ 65,089 $ 66,956 Work in process 22,239 23,374 Raw materials 44,440 41,600 $ 131,768 $ 131,930

Note C - Warranty (Tables)

Note C - Warranty (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Reserve balance, beginning of period $ 4,160 $ 3,804 $ 3,476 $ 3,329 Current period expense and adjustments 1,208 770 2,724 1,678 Payments or credits to customers (898 ) (503 ) (1,718 ) (869 ) Translation 18 74 6 7 Reserve balance, end of period $ 4,488 $ 4,145 $ 4,488 $ 4,145

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Net sales Manufacturing segment sales $ 58,368 $ 56,678 $ 112,906 $ 105,675 Distribution segment sales 37,242 25,584 70,095 49,892 Inter/Intra segment elimination – manufacturing (18,795 ) (14,198 ) (38,979 ) (27,842 ) Inter/Intra segment elimination – distribution (3,821 ) (4,713 ) (7,475 ) (8,461 ) $ 72,994 $ 63,351 $ 136,547 $ 119,264 Net income (loss) attributable to Twin Disc Manufacturing segment net income $ 2,078 $ 4,439 $ 3,636 $ 6,841 Distribution segment net income 3,173 1,403 4,179 2,359 Corporate and eliminations (4,321 ) (4,096 ) (8,058 ) (8,876 ) $ 930 $ 1,746 $ (243 ) $ 324
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets December 29, 2023 June 30, 2023 Manufacturing segment assets $ 380,283 $ 381,668 Distribution segment assets 70,391 69,213 Corporate assets and elimination of intercompany assets (165,484 ) (161,700 ) $ 285,190 $ 289,181
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,704 $ 1,557 $ (730 ) $ 6,531 Land-based transmissions 15,003 7,953 (7,093 ) $ 15,863 Marine and propulsion systems 37,661 24,058 (14,773 ) $ 46,946 Other - 3,674 (20 ) $ 3,654 Total $ 58,368 $ 37,242 $ (22,616 ) $ 72,994 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 6,963 $ 1,726 $ (1,177 ) $ 7,512 Land-based transmissions 15,256 3,445 (4,030 ) $ 14,671 Marine and propulsion systems 34,262 15,427 (13,223 ) $ 36,466 Other 197 4,986 (481 ) $ 4,702 Total $ 56,678 $ 25,584 $ (18,911 ) $ 63,351 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 10,994 $ 2,586 $ (1,364 ) $ 12,216 Land-based transmissions 29,684 20,623 (15,867 ) $ 34,440 Marine and propulsion systems 72,228 40,378 (29,197 ) $ 83,409 Other (0 ) 6,508 (26 ) $ 6,482 Total $ 112,906 $ 70,095 $ (46,454 ) $ 136,547 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 13,656 $ 2,774 $ (1,886 ) $ 14,544 Land-based transmissions 31,543 8,051 (8,985 ) $ 30,609 Marine and propulsion systems 60,077 29,971 (24,246 ) $ 65,802 Other 399 9,096 (1,186 ) $ 8,309 Total $ 105,675 $ 49,892 $ (36,303 ) $ 119,264

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Pension Benefits: Service cost $ 94 $ 102 $ 188 $ 203 Prior service cost - 8 - 17 Interest cost 896 868 1,792 1,736 Expected return on plan assets (1,048 ) (1,060 ) (2,096 ) (2,120 ) Amortization of transition obligation 10 9 19 18 Amortization of prior service cost 9 9 17 18 Amortization of actuarial net loss 16 617 31 1,235 Net periodic benefit (gain) cost $ (23 ) $ 553 $ (49 ) $ 1,107 Postretirement Benefits: Service cost $ 2 $ 2 $ 4 $ 5 Interest cost 48 53 95 106 Amortization of prior service cost (22 ) (69 ) (44 ) (137 ) Amortization of actuarial net loss (155 ) (10 ) (310 ) (19 ) Net periodic benefit gain $ (127 ) $ (24 ) $ (255 ) $ (45 )

Note I - Intangible Assets (Tab

Note I - Intangible Assets (Tables)	6 Months Ended
	Dec. 29, 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, 2023 $ 31,925 $ (19,288 ) $ 12,637 $ 6,553 $ 2,422 $ 668 $ 2,994 Addition 73 - 73 - - - 73 Reduction (631 ) 631 - - - - - Amortization - (1,636 ) (1,636 ) (622 ) (601 ) (39 ) (374 ) Translation adjustment 72 - 72 62 (173 ) 195 (12 ) Balance at December 29, 2023 $ 31,439 $ (20,293 ) $ 11,146 $ 5,993 $ 1,648 $ 824 $ 2,681
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2024 $ 1,827 2025 3,316 2026 2,310 2027 1,553 2028 1,405 2029 735 Thereafter 0

Note J - Long Term Debt (Tables

Note J - Long Term Debt (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Schedule of Debt [Table Text Block]	December 29, 2023 June 30, 2023 Credit Agreement Debt Revolving loans (expire June 2025) $ 7,175 $ 7,094 Term loan (due March 2026) 10,500 11,500 Other 23 33 Subtotal 17,698 18,627 Less: current maturities (2,000 ) (2,010 ) Total long-term debt $ 15,698 $ 16,617

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	6 Months Ended
	Dec. 29, 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 Loss Stock Interest Equity Balance, June 30, 2023 $ 42,855 $ 120,299 $ (5,570 ) $ (12,491 ) $ 424 $ 145,517 Net (loss) income (1,173 ) 90 (1,083 ) Translation adjustments (3,096 ) 60 (3,036 ) Benefit plan adjustments, net of tax (171 ) (171 ) Unrealized gain on hedges, net of tax 216 216 Compensation expense 495 495 Shares (acquired) issued, net (3,911 ) 2,148 (1,763 ) Balance, September 29, 2023 39,439 119,126 (8,621 ) (10,343 ) 574 140,175 Net income 930 5 935 Dividends paid to shareholders (560 ) (560 ) Translation adjustments 5,155 35 5,190 Benefit plan adjustments, net of tax (108 ) (108 ) Unrealized loss on hedges, net of tax (485 ) (485 ) Compensation expense 772 772 Shares (acquired) issued, net (550 ) 541 (9 ) Balance, December 29, 2023 $ 39,661 $ 119,496 $ (4,059 ) $ (9,802 ) $ 614 $ 145,910 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2022 $ 42,551 $ 109,919 $ (6,974 ) $ (14,720 ) $ 412 $ 131,188 Net (loss) income (1,422 ) 98 (1,324 ) Translation adjustments (6,328 ) 38 (6,290 ) Benefit plan adjustments, net of tax (89 ) (89 ) Unrealized gain on hedges, net of tax 793 793 Compensation expense 658 658 Shares (acquired) issued, net (1,924 ) 1,756 (168 ) Balance, September 30, 2022 41,285 108,497 (12,598 ) (12,964 ) 548 124,768 Net income 1,746 15 1,761 Translation adjustments 8,333 59 8,392 Benefit plan adjustments, net of tax (1,122 ) (1,122 ) Unrealized loss on hedges, net of tax (595 ) (595 ) Compensation expense 856 856 Shares (acquired) issued, net (697 ) 402 (295 ) Balance, December 30, 2022 $ 41,444 $ 110,243 $ (5,982 ) $ (12,562 ) $ 622 $ 133,765
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, June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Translation adjustment during the quarter (3,096 ) - - - Amounts reclassified from accumulated other comprehensive loss - (171 ) (6 ) 222 Net current period other comprehensive (loss) income (3,096 ) (171 ) (6 ) 222 Balance, September 29, 2023 (4,678 ) (6,119 ) 682 1,494 Translation adjustment during the quarter 5,155 Amounts reclassified from accumulated other comprehensive loss - (108 ) (183 ) (302 ) Net current period other comprehensive income (loss) 5,155 (108 ) (183 ) (302 ) Balance at December 29, 2023 $ 477 $ (6,227 ) $ 499 $ 1,192 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2022 $ (2,266 ) $ (6,614 ) $ 356 $ 1,550 Translation adjustment during the quarter (6,328 ) - - - Amounts reclassified from accumulated other comprehensive loss - (89 ) 657 136 Net current period other comprehensive (loss) income (6,328 ) (89 ) 657 136 Balance, September 30, 2022 (8,594 ) (6,703 ) 1,013 1,686 Translation adjustment during the quarter 8,333 - - - Amounts reclassified from accumulated other comprehensive loss (7 ) (10 ) (585 ) Plan merger adjustment - (1,115 ) - - Net current period other comprehensive income (loss) 8,333 (1,122 ) (10 ) (585 ) Balance at December 30, 2022 $ (261 ) $ (7,825 ) $ 1,003 $ 1,101
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 29, 2023 December 29, 2023 Changes in benefit plan items Actuarial losses $ (91 ) (a) $ (263 ) (a) Transition asset and prior service benefit (4 ) (a) (8 ) (a) Total amortization (95 ) (271 ) Income tax expense (13 ) (8 ) Total reclassification net of tax $ (108 ) $ (279 ) Amount Reclassified Amount Reclassified Quarter Ended Two Quarters Ended December 30, 2022 December 30, 2022 Changes in benefit plan items Actuarial losses $ 664 (a) $ 1,223 (a) Transition asset and prior service benefit (51 ) (a) (101 ) (a) Mark-to-market adjustment (607 ) (1,214 ) Plan merger remeasurement adjustment (1,115 ) (1,115 ) Total amortization (1,109 ) (1,207 ) Income taxes (13 ) (4 ) Total reclassification net of tax $ (1,122 ) $ (1,211 )

Note M - Earnings Per Share (Ta

Note M - Earnings Per Share (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended For the Two Quarters Ended As Adjusted As Adjusted December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Basic: Net income (loss) $ 935 $ 1,761 $ (148 ) $ 436 Less: Net earnings attributable to noncontrolling interest (5 ) (15 ) (95 ) (112 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income (loss) attributable to Twin Disc 930 1,746 (243 ) 324 Weighted average shares outstanding - basic 13,718 13,460 13,629 13,434 Basic Loss Per Share: Net earnings (loss) per share - basic $ 0.07 $ 0.13 $ (0.02 ) $ 0.02 Diluted: Net income (loss) $ 935 $ 1,761 $ (148 ) $ 436 Less: Net earnings attributable to noncontrolling interest (5 ) (15 ) (95 ) (112 ) Less: Undistributed earnings attributable to unvested shares - - - - Net income (loss) attributable to Twin Disc 930 1,746 (243 ) 324 Weighted average shares outstanding - basic 13,718 13,460 13,629 13,434 Effect of dilutive stock awards 205 239 - 215 Weighted average shares outstanding - diluted 13,923 13,699 13,629 13,649 Diluted Income (Loss) Per Share: Net earnings (loss) per share - diluted $ 0.07 $ 0.13 $ (0.02 ) $ 0.02

Note N - Lease Liabilities (Tab

Note N - Lease Liabilities (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location December 29, 2023 June 30, 2023 Lease Assets Operating lease right-of-use assets Right-of-use assets operating leases $ 12,017 $ 13,133 Finance lease right-of-use assets Property, plant and equipment, net 4,860 4,427 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,064 $ 2,343 Operating lease liabilities Lease obligations 9,988 10,811 Finance lease liabilities Accrued liabilities 642 643 Finance lease liabilities Other long-term liabilities 4,532 4,314
Lease, Cost [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Finance lease cost: Amortization of right-of-use assets $ 175 $ 156 $ 397 $ 311 Interest on lease liabilities 77 67 151 132 Operating lease cost 882 686 1,775 1,397 Short-term lease cost 6 (10 ) 9 3 Variable lease cost 99 67 199 108 Total lease cost 1,239 966 2,531 1,951 Less: Sublease income (20 ) (18 ) (41 ) (35 ) Net lease cost $ 1,219 $ 948 $ 2,490 $ 1,916
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 934 $ 777 $ 1,871 $ 1,473 Operating cash flows from finance leases 76 215 149 420 Financing cash flows from finance leases 207 67 471 132 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 188 990 188 1,518 Finance leases 123 269 657 320 Weighted average remaining lease term (years): Operating leases 8.1 8.3 Finance lease 9.5 10.8 Weighted average discount rate: Operating leases 7.6 % 7.2 % Finance leases 5.8 % 5.2 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2024 $ 1,575 $ 492 2025 2,300 836 2026 1,810 788 2027 1,697 735 2028 1,652 657 2029 1,637 482 Thereafter 5,752 2,646 Total future lease payments 16,423 6,636 Less: Amount representing interest (4,371 ) (1,462 ) Present value of future payments $ 12,052 $ 5,174

Note O - Derivative Financial_2

Note O - Derivative Financial Instruments (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location December 29, 2023 June 30, 2023 Derivative designated as hedge: Interest rate swap Other current assets $ 209 $ 292 Interest rate swap Other noncurrent assets 80 187
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Comprehensive For the Quarter Ended For the Two Quarters Ended Income (Loss) Location December 29, 2023 December 30, 2022 December 29, 2023 December 30, 2022 Derivative designated as hedge: Interest rate swap Interest expense $ 67 $ 79 $ 138 $ 162 Interest rate swap Unrealized gain (loss) on hedges 183 10 189 (339 ) Net investment hedge Unrealized (loss) gain on hedges (302 ) 585 (81 ) 141

Note P - Impact of Accounting_2

Note P - Impact of Accounting Method Change (Tables)	6 Months Ended
	Dec. 29, 2023
Notes Tables
Accounting Standards Update and Change in Accounting Principle [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 30, 2022 December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method Net sales $ 63,351 $ - $ 63,351 $ 119,264 $ - $ 119,264 Cost of goods sold 46,328 - 46,328 88,944 - 88,944 Gross profit 17,023 - 17,023 30,320 - 30,320 Marketing, engineering and administrative expenses 15,983 - 15,983 31,063 - 31,063 Restructuring expenses 164 - 164 174 - 174 Other operating income (4,150 ) - (4,150 ) (4,150 ) - (4,150 ) Income from operations 5,026 - 5,026 3,233 - 3,233 Other expense (income): Interest expense 594 - 594 1,160 - 1,160 Other expense (income), net 789 (607 ) 182 1,050 (1,214 ) (164 ) 1,383 (607 ) 776 2,210 (1,214 ) 996 Income before income taxes and noncontrolling interest 3,643 607 4,250 1,023 1,214 2,237 Income tax expense 2,489 - 2,489 1,801 - 1,801 Net income (loss) 1,154 607 1,761 (778 ) 1,214 436 Less: Net earnings attributable to noncontrolling interest, net of tax (15 ) - (15 ) (112 ) - (112 ) Net income (loss) attributable to Twin Disc $ 1,139 $ 607 $ 1,746 $ (890 ) $ 1,214 $ 324 Income (loss) per share data: Basic income (los)s per share attributable to Twin Disc common shareholders $ 0.08 $ 0.05 $ 0.13 $ (0.07 ) $ 0.09 $ 0.02 Diluted income (loss) per share attributable to Twin Disc common shareholders $ 0.08 $ 0.05 $ 0.13 $ (0.07 ) $ 0.09 $ 0.02 Weighted average shares outstanding data: Basic shares outstanding 13,460 - 13,460 13,434 - 13,434 Diluted shares outstanding 13,699 - 13,699 13,434 - 13,434 Comprehensive income (loss) Net income (loss) $ 1,154 $ 607 $ 1,761 $ (778 ) $ 1,214 $ 436 Benefit plan adjustments, net of income taxes of $ 1 3 13 4 (515 ) (607 ) (1,122 ) 3 (1,214 ) (1,211 ) Foreign currency translation adjustment 8,392 - 8,392 2,005 - 2,005 Unrealized (loss) gain on hedges, net of income taxes of $ 0 0 (595 ) - (595 ) 198 - 198 Comprehensive income 8,436 - 8,436 1,428 - 1,428 Less: Comprehensive income attributable to noncontrolling interest 74 - 74 210 - 210 Comprehensive income attributable to Twin $ 8,362 $ - $ 8,362 $ 1,218 $ - $ 1,218 December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method ASSETS Current assets: Cash $ 13,528 $ - $ 13,528 Trade accounts receivable, net 39,392 - 39,392 Inventories 136,810 - 136,810 Assets held for sale 2,968 - 2,968 Prepaid expenses 10,871 - 10,871 Other 7,228 - 7,228 Total current assets 210,797 - 210,797 Property, plant and equipment, net 39,683 - 39,683 Right-of-use assets operating leases 12,807 - 12,807 Intangible assets, net 11,798 - 11,798 Deferred income taxes 2,403 - 2,403 Other assets 2,766 - 2,766 Total assets $ 280,254 $ - $ 280,254 LIABILITIES AND EQUITY Current liabilities: Current maturities of long-term debt $ 2,000 $ - $ 2,000 Accounts payable 28,906 - 28,906 Accrued liabilities 55,939 - 55,939 Total current liabilities 86,845 - 86,845 Long-term debt 29,927 - 29,927 Lease obligations 10,278 - 10,278 Accrued retirement benefits 10,587 - 10,587 Deferred income taxes 3,506 - 3,506 Other long-term liabilities 5,346 - 5,346 Total liabilities 146,489 - 146,489 Twin Disc shareholders' equity: Preferred shares authorized: 200,000 none no - - - Common shares authorized: 30,000,000 14,632,802 no 41,444 - 41,444 Retained earnings 134,141 (23,898 ) 110,243 Accumulated other comprehensive loss (29,880 ) 23,898 (5,982 ) 145,705 - 145,705 Less treasury stock, at cost ( 819,398 12,562 - 12,562 Total Twin Disc shareholders' equity 133,143 - 133,143 Noncontrolling interest 622 - 622 Total equity 133,765 - 133,765 Total liabilities and equity $ 280,254 $ - $ 280,254 December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) income $ (778 ) $ 1,214 $ 436 Adjustments to reconcile net (loss) income to net cash provided by activities: Depreciation and amortization 4,266 - 4,266 Gain on sale of assets (4,203 ) - (4,203 ) Provision for deferred income taxes (1,105 ) - (1,105 ) Stock compensation expense 1,565 - 1,565 Net change in operating assets and liabilities 287 (1,214 ) (927 ) Net cash provided by operating activities 32 - 32 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant, and equipment (4,734 ) - (4,734 ) Proceeds from sale of fixed assets 7,152 - 7,152 Proceeds on note receivable - - - Other, net 385 - 385 Net cash provided by investing activities 2,803 - 2,803 CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings under revolving loan arrangements 42,898 - 42,898 Repayments of revolving loan arrangements (46,628 ) - (46,628 ) Repayments of other long-term debt (839 ) 132 (707 ) Payments of finance lease obligations (132 ) (132 ) Payments of withholding taxes on stock compensation (463 ) - (463 ) Net cash used by financing activities (5,032 ) - (5,032 ) Effect of exchange rate changes on cash 3,204 - 3,204 Net change in cash 1,007 - 1,007 Cash: Beginning of period 12,521 - 12,521 End of period $ 13,528 $ - $ 13,528 December 30, 2022 As Computed Under Previous Method Effect of Accounting Change As Reported Under New Method Retained earnings Balance at June 30, 2022 135,031 (25,112 ) 109,919 Net (loss) income attributable to Twin Disc (890 ) 1,214 324 Balance at December 30, 2022 $ 134,141 $ (23,898 ) $ 110,243 Accumulated other comprehensive income (loss) Balance at June 30, 2022 (32,086 ) 25,112 (6,974 ) Translation adjustments 2,005 - 2,005 Benefit plan adjustments, net of tax 3 (1,214 ) (1,211 ) Unrealized gain on hedges, net of tax 198 - 198 Balance at December 30, 2022 $ (29,880 ) $ 23,898 $ (5,982 )

Note A - Basis of Presentation

Note A - Basis of Presentation (Details Textual)	Jun. 30, 2023
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - Boat Management System Product Line [Member] $ in Millions	3 Months Ended
	Dec. 29, 2023 USD ($)
Inventory Write-down	$ 2.1
UNITED STATES
Inventory Write-down	$ 1.6

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Dec. 29, 2023	Jun. 30, 2023	Dec. 30, 2022
Finished parts	$ 65,089	$ 66,956
Work in process	22,239	23,374
Raw materials	44,440	41,600
Total inventories	$ 131,768	$ 131,930	$ 136,810

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	Dec. 29, 2023	Dec. 30, 2022
Product Warranty Accrual, Current	$ 3,549	$ 3,552
Product Warranty Accrual, Noncurrent	$ 939	$ 593

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Reserve balance, beginning of period	$ 4,160	$ 3,804	$ 3,476	$ 3,329
Current period expense and adjustments	1,208	770	2,724	1,678
Payments or credits to customers	(898)	(503)	(1,718)	(869)
Translation	18	74	6	7
Reserve balance, end of period	$ 4,488	$ 4,145	$ 4,488	$ 4,145

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	6 Months Ended
	Dec. 29, 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		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Net sales	$ 72,994	$ 63,351	$ 136,547	$ 119,264
Manufacturing segment net income	930	1,746	(243)	324
Intersegment Eliminations [Member]
Net sales	(22,616)	(18,911)	(46,454)	(36,303)
Corporate, Non-Segment [Member]
Manufacturing segment net income	(4,321)	(4,096)	(8,058)	(8,876)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	58,368	56,678	112,906	105,675
Manufacturing segment net income	2,078	4,439	3,636	6,841
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(18,795)	(14,198)	(38,979)	(27,842)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	37,242	25,584	70,095	49,892
Manufacturing segment net income	3,173	1,403	4,179	2,359
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (3,821)	$ (4,713)	$ (7,475)	$ (8,461)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 29, 2023	Jun. 30, 2023	Dec. 30, 2022
Segment Assets	$ 285,190	$ 289,181	$ 280,254
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	380,283	381,668
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	70,391	69,213
Corporate, Non-Segment [Member]
Segment Assets	$ (165,484)	$ (161,700)

Note E - Business Segments and

Note E - Business Segments and Foreign Operations - Net Sales by Product Group 2 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Net Sales	$ 72,994	$ 63,351	$ 136,547	$ 119,264
Intersegment Eliminations [Member]
Net Sales	(22,616)	(18,911)	(46,454)	(36,303)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	58,368	56,678	112,906	105,675
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(18,795)	(14,198)	(38,979)	(27,842)
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	37,242	25,584	70,095	49,892
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(3,821)	(4,713)	(7,475)	(8,461)
Industrial [Member]
Net Sales	6,531	7,512	12,216	14,544
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(730)	(1,177)	(1,364)	(1,886)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	5,704	6,963	10,994	13,656
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	1,557	1,726	2,586	2,774
Land Based Transmissions [Member]
Net Sales	15,863	14,671	34,440	30,609
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(7,093)	(4,030)	(15,867)	(8,985)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	15,003	15,256	29,684	31,543
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	7,953	3,445	20,623	8,051
Marine and Propulsion Systems [Member]
Net Sales	46,946	36,466	83,409	65,802
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(14,773)	(13,223)	(29,197)	(24,246)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	37,661	34,262	72,228	60,077
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	24,058	15,427	40,378	29,971
Other [Member]
Net Sales	3,654	4,702	6,482	8,309
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(20)	(481)	(26)	(1,186)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	0	197	0	399
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 3,674	$ 4,986	$ 6,508	$ 9,096

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended				6 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Dec. 29, 2023	Dec. 30, 2022	Jun. 30, 2023
Performance Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					119.3	118.1
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				3 years	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	238.7				238.7		236.2
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	335.2		438.9		335.2	438.9
Share-Based Payment Arrangement, Expense	$ 261,000		$ 366,000		$ 314,000	$ 596,000
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)	$ 11.48				$ 11.48
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,977,000				$ 1,977,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 0
Performance Stock Unit Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					10.5	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	20.9				20.9
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	10.5		0		10.5	0
Share-Based Payment Arrangement, Expense	$ 11,000		$ 0		$ 18,000	$ 0
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)	$ 12.15				$ 12.15
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 109,000				$ 109,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 0		$ 0
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					115.7	177.7
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	251.3		309.2		251.3	309.2
Share-Based Payment Arrangement, Expense	$ 210,000		$ 334,000		$ 523,000	$ 694,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	1,804				$ 1,804
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 2,206,000		$ 1,669,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)					2.4	0
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					3 years
Restricted Stock [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					1 year
Restricted Stock [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					3 years
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					7.1	72.4
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	135		130.9		135	130.9
Share-Based Payment Arrangement, Expense	$ 126,000		$ 132,000		$ 247,000	$ 224,000
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)	$ 10.97				$ 10.97
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 537,000				$ 537,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 25,000		$ 40,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		3 years			3 years

Note G - Pension and Other Po_3

Note G - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ 108	$ 1,122	$ 279	$ 1,211
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	13	$ 13	8	$ 4
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	675		$ 675
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 403

Note G - Pension and Other Po_4

Note G - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Pension Plan [Member]
Service cost	$ 94	$ 102	$ 188	$ 203
Prior service cost	0	8	0	17
Interest cost	896	868	1,792	1,736
Expected return on plan assets	(1,048)	(1,060)	(2,096)	(2,120)
Amortization of transition obligation	10	9	19	18
Amortization of prior service cost	9	9	17	18
Amortization of actuarial net loss	16	617	31	1,235
Net periodic benefit (gain) cost	(23)	553	(49)	1,107
Other Postretirement Benefits Plan [Member]
Service cost	2	2	4	5
Interest cost	48	53	95	106
Amortization of prior service cost	(22)	(69)	(44)	(137)
Amortization of actuarial net loss	(155)	(10)	(310)	(19)
Net periodic benefit (gain) cost	$ (127)	$ (24)	$ (255)	$ (45)

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Effective Income Tax Rate Reconciliation, Percent			107.20%	80.50%
Income (Loss) from Continuing Operations before Income Taxes, Foreign			$ 9,282	$ 5,094
Income Tax Expense (Benefit)	$ 1,662	$ 2,489	2,208	1,801
Income (Loss) from Continuing Operations before Income Taxes, Domestic			7,222	2,857
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	2,597	$ 4,250	2,061	2,237
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 834		834
Foreign Tax Authority [Member]
Income Tax Expense (Benefit)			2,199	1,773
Open Tax Year	2018 2019 2020 2021 2022 2023
Domestic Tax Authority [Member]
Income Tax Expense (Benefit)			$ 9	$ 28

Note I - Intangible Assets (Det

Note I - Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Amortization of Intangible Assets	$ 817	$ 704	$ 1,636	$ 1,402

Note I - Intangible Assets - In

Note I - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022	Jul. 01, 2023
Balance, Definite Intangible Assets Gross Carrying Amount	$ 31,439		$ 31,439		$ 31,925
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(20,293)		(20,293)		(19,288)
Balance at June 30, Definite Intangible Assets Net Book Value	11,146		11,146		12,637
Addition, Definite Intangible Assets Gross Carrying Amount			73
Addition, Definite Intangible Assets Net Book Value			73
Reduction, Definite Intangible Assets Gross Carrying Amount			(631)
Reduction, Definite Intangible Assets Accumulated Amortization/Impairment			631
Amortization, Intangible Asset	(817)	$ (704)	(1,636)	$ (1,402)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount			72
Translation adjustment, Definite Intangible Assets Net Book Value			72
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	5,993		5,993		6,553
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(622)
Translation adjustment, Definite Intangible Assets Net Book Value			62
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	1,648		1,648		2,422
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(601)
Translation adjustment, Definite Intangible Assets Net Book Value			(173)
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	824		824		668
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(39)
Translation adjustment, Definite Intangible Assets Net Book Value			195
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	$ 2,681		2,681		$ 2,994
Addition, Definite Intangible Assets Net Book Value			73
Amortization, Intangible Asset			(374)
Translation adjustment, Definite Intangible Assets Net Book Value			$ (12)

Note I - Intangible Assets - Es

Note I - Intangible Assets - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Dec. 29, 2023 USD ($)
2024	$ 1,827
2025	3,316
2026	2,310
2027	1,553
2028	1,405
2029	735
Thereafter	$ 0

Note J - Long Term Debt (Detail

Note J - Long Term Debt (Details Textual) $ in Thousands			3 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 04, 2019 USD ($)	Dec. 29, 2023 USD ($)	Jun. 30, 2019	Jun. 30, 2023 USD ($)	Dec. 30, 2022 USD ($)	Jul. 22, 2020	Jun. 29, 2018 USD ($)
Long-Term Debt, Current Maturities			$ 2,000		$ 2,010	$ 2,000
Principal Paid on Sale Leaseback Liabilities			10
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount			10,500					$ 20,000
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%
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%
Long-Term Debt, Current Maturities			$ 2,000
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity		$ 20,000
Debt Instrument, Periodic Payment, Total		$ 500
Debt Instrument, Interest Rate During Period			6.82%
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Agreement, Maximum Borrowing Capacity								35,000
Line of Credit Facility, Maximum Borrowing Capacity								$ 50,000
Debt Instrument, Interest Rate During Period			5.63%
Line of Credit Facility, Current Borrowing Capacity			$ 37,157
Line of Credit Facility, Remaining Borrowing Capacity			29,982
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Maximum Cash Dividends			3,000
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth Plus Half of Net Income			100,000
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member] | Maximum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate	2.875%
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member] | Minimum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate	1.375%
BMO [Member] | The Ninth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Maximum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.15%
BMO [Member] | The Ninth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Minimum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.10%
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 40,000
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Total Funded Debt To EBITDA Allowable Ratio			3.5
Fixed Charge Coverage Ratio			1.1
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate LIBOR 1 [Member]
Debt Instrument, Basis Spread on Variable Rate	2.75%

Note J - Debt - Long-term Debt

Note J - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 29, 2023	Jun. 30, 2023	Dec. 30, 2022
Long-term debt	$ 17,698	$ 18,627
Less: current maturities	(2,000)	(2,010)	$ (2,000)
Total long-term debt	15,698	16,617	$ 29,927
Revolving Loan [Member]
Long-term debt	7,175	7,094
Term Loan [Member]
Long-term debt	10,500	11,500
Other Long-Term Debt [Member]
Long-term debt	$ 23	$ 33

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Jun. 30, 2023	Jul. 01, 2022
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)	315
Treasury Stock, Shares, Acquired (in shares)	0	0
Retained Earnings (Accumulated Deficit)	$ 119,496	$ 110,243	$ 120,299
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (4,059)	(5,982)	$ (5,570)
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]
Retained Earnings (Accumulated Deficit)		(23,898)		$ (25,100)
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ 23,898		25,100
AOCI Including Portion Attributable to Noncontrolling Interest, Tax				0
Deferred Tax Assets, Gross				7,900
Deferred Tax Assets, Valuation Allowance				$ 7,900

Note K - Shareholders' Equity -

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Sep. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Balance	$ 140,175	$ 145,517	$ 124,768		$ 131,188	$ 145,517	$ 131,188
Net income (loss)	935	(1,083)	1,761		(1,324)	(148)	436
Translation adjustments	5,190	(3,036)	8,392		(6,290)	2,154	2,102
Benefit plan adjustments, net of tax	(108)	(171)	(1,122)		(89)	(279)	(1,211)
Unrealized gain (loss) on hedges	(485)	216	(595)		793	(269)	198
Compensation expense	772	495	856		658
Shares (acquired) issued, net	(9)	(1,763)	(295)	$ (168)
Dividends paid to shareholders	(560)
Balance	145,910	140,175	133,765	124,768	124,768	145,910	133,765
Common Stock [Member]
Balance	39,439	42,855	41,285		42,551	42,855	42,551
Compensation expense	772	495	856		658
Shares (acquired) issued, net	(550)	(3,911)	(697)	(1,924)
Balance	39,661	39,439	41,444	41,285	41,285	39,661	41,444
Retained Earnings [Member]
Balance	119,126	120,299	108,497		109,919	120,299	109,919
Net income (loss)	930	(1,173)	1,746		(1,422)
Dividends paid to shareholders	(560)
Balance	119,496	119,126	110,243	108,497	108,497	119,496	110,243
AOCI Attributable to Parent [Member]
Balance	(8,621)	(5,570)	(12,598)		(6,974)	(5,570)	(6,974)
Translation adjustments	5,155	(3,096)	8,333		(6,328)		2,005
Benefit plan adjustments, net of tax	(108)	(171)	(1,122)		(89)
Unrealized gain (loss) on hedges	(485)	216	(595)		793		198
Balance	(4,059)	(8,621)	(5,982)	(12,598)	(12,598)	(4,059)	(5,982)
Treasury Stock, Common [Member]
Balance	(10,343)	(12,491)	(12,964)		(14,720)	(12,491)	(14,720)
Shares (acquired) issued, net	541	2,148	402	1,756
Balance	(9,802)	(10,343)	(12,562)	(12,964)	(12,964)	(9,802)	(12,562)
Noncontrolling Interest [Member]
Balance	574	424	548		412	424	412
Net income (loss)	5	90	15		98
Translation adjustments	35	60	59		38
Balance	$ 614	$ 574	$ 622	$ 548	$ 548	$ 614	$ 622

Note k - Shareholders' Equity_3

Note k - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Balance	$ 140,175	$ 145,517	$ 124,768	$ 131,188	$ 145,517	$ 131,188
Translation adjustment during the quarter	5,190	(3,036)	8,392	(6,290)	2,154	2,102
Balance	145,910	140,175	133,765	124,768	145,910	133,765
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(4,678)	(1,582)	(8,594)	(2,266)	(1,582)	(2,266)
Translation adjustment during the quarter	5,155	(3,096)	8,333	(6,328)
Amounts reclassified from accumulated other comprehensive loss	0	0		0
Net current period other comprehensive (loss) income	(5,155)	3,096	(8,333)	6,328
Net current period other comprehensive income (loss)	5,155	(3,096)	8,333	(6,328)
Balance	477	(4,678)	(261)	(8,594)	477	(261)
Plan merger adjustment			0
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(6,119)	(5,948)	(6,703)	(6,614)	(5,948)	(6,614)
Translation adjustment during the quarter		0	0	0
Amounts reclassified from accumulated other comprehensive loss	(108)	(171)	(7)	(89)
Net current period other comprehensive (loss) income	108	171	1,122	89
Net current period other comprehensive income (loss)	(108)	(171)	(1,122)	(89)
Balance	(6,227)	(6,119)	(7,825)	(6,703)	(6,227)	(7,825)
Plan merger adjustment			(1,115)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	682	688	1,013	356	688	356
Translation adjustment during the quarter		0	0	0
Amounts reclassified from accumulated other comprehensive loss	(183)	(6)	(10)	657
Net current period other comprehensive (loss) income	183	6	10	(657)
Net current period other comprehensive income (loss)	(183)	(6)	(10)	657
Balance	499	682	1,003	1,013	499	1,003
Plan merger adjustment			0
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	1,494	1,272	1,686	1,550	1,272	1,550
Translation adjustment during the quarter		0	0	0
Amounts reclassified from accumulated other comprehensive loss	(302)	222	(585)	136
Net current period other comprehensive (loss) income	302	(222)	585	(136)
Net current period other comprehensive income (loss)	(302)	222	(585)	136
Balance	$ 1,192	$ 1,494	1,101	$ 1,686	$ 1,192	$ 1,101
Plan merger adjustment			$ 0

Note K - Shareholders' Equity_4

Note K - Shareholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended
	Dec. 29, 2023		Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Dec. 29, 2023		Dec. 30, 2022
Total amortization	$ 2,597			$ 4,250		$ 2,061		$ 2,237
Income tax expense	1,662			2,489		2,208		1,801
Net income (loss)	935		$ (1,083)	1,761	$ (1,324)	(148)		436
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	(91)			664		(263)		1,223
Transition asset and prior service benefit	4	[1]		(51)		8	[1]	(101)
Total amortization	(95)			(1,109)		(271)		(1,207)
Income tax expense	(13)			(13)		(8)		(4)
Net income (loss)	(108)			(1,122)		(279)		(1,211)
Actuarial losses	$ (91)			664		$ (263)		1,223
Mark-to-market adjustment				(607)				(1,214)
Plan merger adjustment				$ 1,115				$ 1,115
[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 - Assets Held for Sale (

Note L - Assets Held for Sale (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Mar. 25, 2022	Dec. 29, 2023	Dec. 30, 2022
Proceeds from Sale of Property, Plant, and Equipment			$ 0	$ 7,152
Gain (Loss) on Disposition of Assets			$ 42	$ 4,203
Boat Management System Product Line [Member]
Inventory Write-down	$ 2,100
Property, Plant, and Equipment Reclassified to Assets Held for Sale [Member]
Increase (Decrease) in Asset, Held-for-Sale	2,801
Propeller Machining Plant and Office in Switzerland [Member]
Proceeds from Sale of Property, Plant, and Equipment	7,150
Gain (Loss) on Disposition of Assets	$ 4,161
Employee Severance [Member]
Impairment of Long-Lived Assets to be Disposed of		$ 4,267

Note M - Earnings Per Share (De

Note M - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Dec. 29, 2023	Dec. 30, 2022
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2,000	87.4
PSUA Award [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	135,100
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2,600
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	80.2

Note M - Earnings Per Share - C

Note M - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Net (loss) income	$ 935	$ (1,083)	$ 1,761	$ (1,324)	$ (148)	$ 436
Less: Net earnings attributable to noncontrolling interest	(5)		(15)		(95)	(112)
Less: Undistributed earnings attributable to unvested shares	0		0		0	0
Net income (loss) attributable to Twin Disc	$ 930		$ 1,746		$ (243)	$ 324
Weighted average shares outstanding - basic (in shares)	13,718		13,460		13,629	13,434
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.07		$ 0.13		$ (0.02)	$ 0.02
Effect of dilutive stock awards (in shares)	205		239		0	215
Weighted average shares outstanding - diluted (in shares)	13,923		13,699		13,629	13,649
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.07		$ 0.13		$ (0.02)	$ 0.02

Note N - Lease Obligations - Co

Note N - Lease Obligations - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 29, 2023	Jun. 30, 2023	Dec. 30, 2022
Operating lease right-of-use assets	$ 12,017	$ 13,133	$ 12,807
Operating lease liabilities	9,988	10,811	$ 10,278
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets	4,860	4,427
Accrued Liabilities [Member]
Operating lease liabilities	2,064	2,343
Finance lease liabilities	642	643
Lease Obligation [Member]
Operating lease liabilities	9,988	10,811
Other Noncurrent Liabilities [Member]
Finance lease liabilities	$ 4,532	$ 4,314

Note N - Lease Obligations - _2

Note N - Lease Obligations - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Amortization of right-of-use assets	$ 175	$ 156	$ 397	$ 311
Interest on lease liabilities	77	67	151	132
Operating lease cost	882	686	1,775	1,397
Short-term lease cost	6	(10)	9	3
Variable lease cost	99	67	199	108
Total lease cost	1,239	966	2,531	1,951
Less: Sublease income	(20)	(18)	(41)	(35)
Net lease cost	$ 1,219	$ 948	$ 2,490	$ 1,916

Note N - Lease Obligations - Ot

Note N - Lease Obligations - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Operating cash flows from operating leases	$ 934	$ 777	$ 1,871	$ 1,473
Operating cash flows from finance leases	76	215	149	420
Financing cash flows from finance leases	207	67	471	132
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	188	990	188	1,518
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 123	$ 269	$ 657	$ 320
Weighted average remaining lease term (years): Operating leases (Year)	8 years 1 month 6 days	8 years 3 months 18 days	8 years 1 month 6 days	8 years 3 months 18 days
Weighted average remaining lease term (years): Finance lease (Year)	9 years 6 months	10 years 9 months 18 days	9 years 6 months	10 years 9 months 18 days
Weighted average discount rate: Operating leases	7.60%	7.20%	7.60%	7.20%
Weighted average discount rate: Finance leases	5.80%	5.20%	5.80%	5.20%

Note N - Lease Obligations - Fu

Note N - Lease Obligations - Future Minimum Rental Commitments Under Noncancelable Leases (Details) $ in Thousands	Dec. 29, 2023 USD ($)
2024, Operating Leases	$ 1,575
2024, Finance Leases	492
2025, Operating Leases	2,300
2025, Finance Leases	836
2026, Operating Leases	1,810
2026, Finance Leases	788
2027, Operating Leases	1,697
2027, Finance Leases	735
2028, Operating Leases	1,652
2028, Finance Leases	657
2029, Operating Leases	1,637
2029, Finance Leases	482
Thereafter, Operating Leases	5,752
Thereafter, Finance Leases	2,646
Total future lease payments, Operating Leases	16,423
Total future lease payments, Finance Leases	6,636
Less: Amount representing interest, Operating Leases	(4,371)
Less: Amount representing interest, Finance Leases	(1,462)
Present value of future payments, Operating Leases	12,052
Present value of future payments, Finance Leases	$ 5,174

Note O - Derivative Financial_3

Note O - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	3 Months Ended
	Dec. 29, 2023 USD ($)	Dec. 30, 2022 USD ($)	Sep. 29, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 EUR (€)	Jun. 29, 2018 USD ($)
Equity, Including Portion Attributable to Noncontrolling Interest	$ 145,910	$ 133,765	$ 140,175	$ 145,517	$ 124,768	$ 131,188
Cash Flow Hedge Gain (Loss) to be Reclassified within 12 Months	$ 218
Interest Rate Swap [Member]
Derivative, Number of Instruments Held	1
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	$ 10,500							$ 20,000
Equity, Including Portion Attributable to Noncontrolling Interest	499			$ 688
Euro Denominated Revolving Loan [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount | €							€ 13
Derivative, Gain (Loss) on Derivative, Net	$ 1,192	$ (1,272)

Note O - Derivative Financial_4

Note O - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Dec. 29, 2023	Jun. 30, 2023
Accounts Payable and Accrued Liabilities [Member]
Derivative Liabilities, Current	$ 209	$ 292
Other Noncurrent Liabilities [Member]
Derivative Liabilities, Noncurrent	$ 80	$ 187

Note O - Derivative Financial_5

Note O - Derivative Financial Instruments - Impact of the Company's Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Dec. 29, 2023	Dec. 30, 2022
Unrealized gain (loss) on hedges	$ (485)	$ 216	$ (595)	$ 793	$ (269)	$ 198
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	183		10		189	(339)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	67		79		138	162
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	$ (302)		$ 585		$ (81)	$ 141

Note P - Impact of Accounting_3

Note P - Impact of Accounting Method Change - Adjustment to Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Dec. 30, 2022	Sep. 30, 2022	Dec. 29, 2023	Dec. 30, 2022	Jun. 30, 2023	Jul. 01, 2022
Net sales	$ 72,994		$ 63,351		$ 136,547	$ 119,264
Gross profit	20,656		17,023		37,292	30,320
Marketing, engineering and administrative expenses	17,149		15,983		34,068	31,063
Restructuring expenses	69		164		68	174
Other operating income	0		(4,150)		0	(4,150)
Income from operations	3,438		5,026		3,156	3,233
Other expense (income):
Interest expense	392		594		786	1,160
Other expense (income), net	449		182		310	(164)
Interest Income (Expense), Nonoperating, Net	841		776		1,096	996
Income before income taxes and noncontrolling interest	2,597		4,250		2,061	2,237
Income tax expense	1,662		2,489		2,208	1,801
Net (loss) income	935	$ (1,083)	1,761	$ (1,324)	(148)	436
Less: Net earnings attributable to noncontrolling interest, net of tax	(5)		(15)		(95)	(112)
Net income (loss) attributable to Twin Disc	$ 930		$ 1,746		$ (243)	$ 324
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.07		$ 0.13		$ (0.02)	$ 0.02
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)	$ 0.07		$ 0.13		$ (0.02)	$ 0.02
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,718		13,460		13,629	13,434
Diluted shares outstanding (in shares)	13,923		13,699		13,629	13,649
Net (loss) income	$ 935	(1,083)	$ 1,761	(1,324)	$ (148)	$ 436
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively	(108)	(171)	(1,122)	(89)	(279)	(1,211)
Translation adjustment during the quarter	5,190	(3,036)	8,392	(6,290)	2,154	2,102
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively	(485)	216	(595)	793	(269)	198
Comprehensive income	5,532		8,436		1,458	1,525
Less: Comprehensive income attributable to noncontrolling interest	40		74		190	210
Comprehensive income attributable to Twin Disc	5,492		8,362		1,268	1,315
Current assets:
Cash	21,021		13,528		21,021	13,528	$ 13,263
Trade accounts receivable, net	41,428		39,392		41,428	39,392	54,760
Inventories	131,768		136,810		131,768	136,810	131,930
Assets held for sale	2,968		2,968		2,968	2,968	2,968
Prepaid expenses	10,157		10,871		10,157	10,871	8,459
Other	9,235		7,228		9,235	7,228	8,326
Total current assets	216,577		210,797		216,577	210,797	219,706
Property, plant and equipment, net	40,334		39,683		40,334	39,683	38,650
Right-of-use assets operating leases	12,017		12,807		12,017	12,807	13,133
Intangible assets, net	11,146		11,798		11,146	11,798	12,637
Deferred income taxes	2,371		2,403		2,371	2,403	2,244
Other assets	2,745		2,766		2,745	2,766	2,811
Total assets	285,190		280,254		285,190	280,254	289,181
Current liabilities:
Current maturities of long-term debt	2,000		2,000		2,000	2,000	2,010
Accounts payable	32,611		28,906		32,611	28,906	36,499
Accrued liabilities	62,929		55,939		62,929	55,939	61,586
Total current liabilities	97,540		86,845		97,540	86,845	100,095
Long-term debt	15,698		29,927		15,698	29,927	16,617
Lease obligations	9,988		10,278		9,988	10,278	10,811
Accrued retirement benefits	6,975		10,587		6,975	10,587	7,608
Deferred income taxes	3,162		3,506		3,162	3,506	3,280
Other long-term liabilities	5,917		5,346		5,917	5,346	5,253
Total liabilities	139,280		146,489		139,280	146,489	143,664
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0		0		0	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	39,661		41,444		39,661	41,444	42,855
Retained earnings	119,496		110,243		119,496	110,243	120,299
Accumulated Other Comprehensive Income (Loss), Net of Tax	(4,059)		(5,982)		(4,059)	(5,982)	(5,570)
Equity before treasury stock	155,098		145,705		155,098	145,705	157,584
Less treasury stock, at cost (639,006 and 814,734 shares, respectively)	9,802		12,562		9,802	12,562	12,491
Total Twin Disc shareholders' equity	145,296		133,143		145,296	133,143	145,093
Noncontrolling interest	614		622		614	622	424
Total equity	145,910	140,175	133,765	124,768	145,910	133,765	145,517
Total liabilities and equity	285,190		280,254		285,190	280,254	289,181
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	935	(1,083)	1,761	(1,324)	(148)	436
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization					5,023	4,266
Gain on sale of assets					(42)	(4,203)
Provision for deferred income taxes					280	(1,105)
Stock compensation expense and other non-cash changes, net					1,413	1,565
Net change in operating assets and liabilities					6,422	(927)
Net cash provided by operating activities					16,047	32
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant, and equipment					(5,419)	(4,734)
Proceeds from sale of fixed assets					0	7,152
Proceeds on note receivable						0
Other, net					(252)	385
Net cash (used) provided by investing activities					(5,671)	2,803
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving loan arrangements					50,632	42,898
Repayments of revolving loan arrangements					(50,632)	(46,628)
Repayments of other long-term debt					(1,010)	(707)
Payments of finance lease obligations	(207)		(67)		(471)	(132)
Payments of withholding taxes on stock compensation					(1,772)	(463)
Net cash used by financing activities					(3,813)	(5,032)
Effect of exchange rate changes on cash					1,195	3,204
Net change in cash					7,758	1,007
Cash:
Beginning of period		13,263		12,521	13,263	12,521
End of period	21,021		13,528		21,021	13,528
Balance	140,175	145,517	124,768	131,188	145,517	131,188
Net income (loss) attributable to Twin Disc	930		1,746		(243)	324
Balance	145,910	140,175	133,765	124,768	145,910	133,765
Translation adjustment during the quarter	5,190	(3,036)	8,392	(6,290)	2,154	2,102
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively	(485)	216	(595)	793	(269)	198
Retained Earnings [Member]
Other expense (income):
Net (loss) income	930	(1,173)	1,746	(1,422)
Net income (loss) attributable to Twin Disc						324
Weighted average shares outstanding data:
Net (loss) income	930	(1,173)	1,746	(1,422)
Twin Disc shareholders' equity:
Total equity	119,496	119,126	110,243	108,497	119,496	110,243	120,299
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	930	(1,173)	1,746	(1,422)
Cash:
Balance	119,126	120,299	108,497	109,919	120,299	109,919
Net income (loss) attributable to Twin Disc						324
Balance	119,496	119,126	110,243	108,497	119,496	110,243
AOCI Attributable to Parent [Member]
Weighted average shares outstanding data:
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively	(108)	(171)	(1,122)	(89)
Translation adjustment during the quarter	5,155	(3,096)	8,333	(6,328)		2,005
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively	(485)	216	(595)	793		198
Twin Disc shareholders' equity:
Total equity	(4,059)	(8,621)	(5,982)	(12,598)	(4,059)	(5,982)	$ (5,570)
Cash:
Balance	(8,621)	(5,570)	(12,598)	(6,974)	(5,570)	(6,974)
Balance	(4,059)	(8,621)	(5,982)	(12,598)	$ (4,059)	(5,982)
Translation adjustment during the quarter	5,155	(3,096)	8,333	(6,328)		2,005
Benefit plan adjustments, net of tax						(1,211)
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively	$ (485)	$ 216	(595)	793		198
Previously Reported [Member]
Net sales			63,351			119,264
Cost of goods sold			46,328			88,944
Gross profit			17,023			30,320
Marketing, engineering and administrative expenses			15,983			31,063
Restructuring expenses			164			174
Other operating income			(4,150)			(4,150)
Income from operations			5,026			3,233
Other expense (income):
Interest expense			594			1,160
Other expense (income), net			789			1,050
Interest Income (Expense), Nonoperating, Net			1,383			2,210
Income before income taxes and noncontrolling interest			3,643			1,023
Income tax expense			2,489			1,801
Net (loss) income			1,154			(778)
Less: Net earnings attributable to noncontrolling interest, net of tax			(15)			(112)
Net income (loss) attributable to Twin Disc			$ 1,139			$ (890)
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)			$ 0.08			$ (0.07)
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)			$ 0.08			$ (0.07)
Weighted average shares outstanding data:
Basic shares outstanding (in shares)			13,460			13,434
Diluted shares outstanding (in shares)			13,699			13,434
Net (loss) income			$ 1,154			$ (778)
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively			(515)			3
Translation adjustment during the quarter			8,392			2,005
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively			(595)			198
Comprehensive income			8,436			1,428
Less: Comprehensive income attributable to noncontrolling interest			74			210
Comprehensive income attributable to Twin Disc			8,362			1,218
Current assets:
Cash			13,528			13,528
Trade accounts receivable, net			39,392			39,392
Inventories			136,810			136,810
Assets held for sale			2,968			2,968
Prepaid expenses			10,871			10,871
Other			7,228			7,228
Total current assets			210,797			210,797
Property, plant and equipment, net			39,683			39,683
Right-of-use assets operating leases			12,807			12,807
Intangible assets, net			11,798			11,798
Deferred income taxes			2,403			2,403
Other assets			2,766			2,766
Total assets			280,254			280,254
Current liabilities:
Current maturities of long-term debt			2,000			2,000
Accounts payable			28,906			28,906
Accrued liabilities			55,939			55,939
Total current liabilities			86,845			86,845
Long-term debt			29,927			29,927
Lease obligations			10,278			10,278
Accrued retirement benefits			10,587			10,587
Deferred income taxes			3,506			3,506
Other long-term liabilities			5,346			5,346
Total liabilities			146,489			146,489
Twin Disc shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value			0			0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value			41,444			41,444
Retained earnings			134,141			134,141
Accumulated Other Comprehensive Income (Loss), Net of Tax			(29,880)			(29,880)
Equity before treasury stock			145,705			145,705
Less treasury stock, at cost (639,006 and 814,734 shares, respectively)			12,562			12,562
Total Twin Disc shareholders' equity			133,143			133,143
Noncontrolling interest			622			622
Total equity			133,765			133,765
Total liabilities and equity			280,254			280,254
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income			1,154			(778)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization						4,266
Gain on sale of assets						(4,203)
Provision for deferred income taxes						(1,105)
Stock compensation expense and other non-cash changes, net						1,565
Net change in operating assets and liabilities						287
Net cash provided by operating activities						32
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant, and equipment						(4,734)
Proceeds from sale of fixed assets						7,152
Proceeds on note receivable						0
Other, net						385
Net cash (used) provided by investing activities						2,803
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving loan arrangements						42,898
Repayments of revolving loan arrangements						(46,628)
Repayments of other long-term debt						(839)
Payments of finance lease obligations
Payments of withholding taxes on stock compensation						(463)
Net cash used by financing activities						(5,032)
Effect of exchange rate changes on cash						3,204
Net change in cash						1,007
Cash:
Beginning of period				12,521		12,521
End of period			13,528			13,528
Net income (loss) attributable to Twin Disc			1,139			(890)
Balance			133,765			133,765
Translation adjustment during the quarter			8,392			2,005
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively			(595)			198
Previously Reported [Member] | Retained Earnings [Member]
Other expense (income):
Net income (loss) attributable to Twin Disc						(890)
Twin Disc shareholders' equity:
Total equity			134,141			134,141
Cash:
Balance				135,031		135,031
Net income (loss) attributable to Twin Disc						(890)
Balance			134,141			134,141
Previously Reported [Member] | AOCI Attributable to Parent [Member]
Weighted average shares outstanding data:
Translation adjustment during the quarter						2,005
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively						198
Twin Disc shareholders' equity:
Total equity			(29,880)			(29,880)
Cash:
Balance				(32,086)		(32,086)
Balance			(29,880)			(29,880)
Translation adjustment during the quarter						2,005
Benefit plan adjustments, net of tax						3
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively						198
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]
Net sales			0			0
Cost of goods sold			0			0
Gross profit			0			0
Marketing, engineering and administrative expenses			0			0
Restructuring expenses			0			0
Other operating income			0			0
Income from operations			0			0
Other expense (income):
Interest expense			0			0
Other expense (income), net			(607)			(1,214)
Interest Income (Expense), Nonoperating, Net			(607)			(1,214)
Income before income taxes and noncontrolling interest			607			1,214
Income tax expense			0			0
Net (loss) income			607			1,214
Less: Net earnings attributable to noncontrolling interest, net of tax			0			0
Net income (loss) attributable to Twin Disc			$ 607			$ 1,214
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)			$ 0.05			$ 0.09
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)			$ 0.05			$ 0.09
Weighted average shares outstanding data:
Basic shares outstanding (in shares)			0			0
Diluted shares outstanding (in shares)			0			0
Net (loss) income			$ 607			$ 1,214
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively			(607)			(1,214)
Translation adjustment during the quarter			0			0
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively			0			0
Comprehensive income			0			0
Less: Comprehensive income attributable to noncontrolling interest			0			0
Comprehensive income attributable to Twin Disc			0			0
Current assets:
Cash			0			0
Trade accounts receivable, net			0			0
Inventories			0			0
Assets held for sale			0			0
Prepaid expenses			0			0
Other			0			0
Total current assets			0			0
Property, plant and equipment, net			0			0
Right-of-use assets operating leases			0			0
Intangible assets, net			0			0
Deferred income taxes			0			0
Other assets			0			0
Total assets			0			0
Current liabilities:
Current maturities of long-term debt			0			0
Accounts payable			0			0
Accrued liabilities			0			0
Total current liabilities			0			0
Long-term debt			0			0
Lease obligations			0			0
Accrued retirement benefits			0			0
Deferred income taxes			0			0
Other long-term liabilities			0			0
Total liabilities			0			0
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			0			0
Retained earnings			(23,898)			(23,898)		$ (25,100)
Accumulated Other Comprehensive Income (Loss), Net of Tax			23,898			23,898		$ 25,100
Equity before treasury stock			0			0
Less treasury stock, at cost (639,006 and 814,734 shares, respectively)			0			0
Total Twin Disc shareholders' equity			0			0
Noncontrolling interest			0			0
Total equity			0			0
Total liabilities and equity			0			0
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income			607			1,214
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization						0
Gain on sale of assets						0
Provision for deferred income taxes						0
Stock compensation expense and other non-cash changes, net						0
Net change in operating assets and liabilities						(1,214)
Net cash provided by operating activities						0
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant, and equipment						0
Proceeds from sale of fixed assets						0
Proceeds on note receivable						0
Other, net						0
Net cash (used) provided by investing activities						0
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving loan arrangements						0
Repayments of revolving loan arrangements						0
Repayments of other long-term debt						132
Payments of finance lease obligations						(132)
Payments of withholding taxes on stock compensation						0
Net cash used by financing activities						0
Effect of exchange rate changes on cash						0
Net change in cash						0
Cash:
Beginning of period				0		0
End of period			0			0
Net income (loss) attributable to Twin Disc			607			1,214
Balance			0			0
Translation adjustment during the quarter			0			0
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively			0			0
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member] | Retained Earnings [Member]
Other expense (income):
Net income (loss) attributable to Twin Disc						1,214
Twin Disc shareholders' equity:
Total equity			(23,898)			(23,898)
Cash:
Balance				(25,112)		(25,112)
Net income (loss) attributable to Twin Disc						1,214
Balance			(23,898)			(23,898)
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member] | AOCI Attributable to Parent [Member]
Weighted average shares outstanding data:
Translation adjustment during the quarter						0
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively						0
Twin Disc shareholders' equity:
Total equity			23,898			23,898
Cash:
Balance				$ 25,112		25,112
Balance			23,898			23,898
Translation adjustment during the quarter						0
Benefit plan adjustments, net of tax						(1,214)
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively						0
As Reported Under New Method [Member]
Net sales			63,351			119,264
Cost of goods sold			46,328			88,944
Gross profit			17,023			30,320
Marketing, engineering and administrative expenses			15,983			31,063
Restructuring expenses			164			174
Other operating income			(4,150)			(4,150)
Income from operations			5,026			3,233
Other expense (income):
Interest expense			594			1,160
Other expense (income), net			182			(164)
Interest Income (Expense), Nonoperating, Net			776			996
Income before income taxes and noncontrolling interest			4,250			2,237
Income tax expense			2,489			1,801
Net (loss) income			1,761			436
Less: Net earnings attributable to noncontrolling interest, net of tax			(15)			(112)
Net income (loss) attributable to Twin Disc			$ 1,746			$ 324
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)			$ 0.13			$ 0.02
Diluted income (loss) per share attributable to Twin Disc common shareholders (in dollars per share)			$ 0.13			$ 0.02
Weighted average shares outstanding data:
Basic shares outstanding (in shares)			13,460			13,434
Diluted shares outstanding (in shares)			13,699			13,434
Net (loss) income			$ 1,761			$ 436
Benefit plan adjustments, net of income taxes of $13, $13, $8 and $4, respectively			(1,122)			(1,211)
Translation adjustment during the quarter			8,392			2,005
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively			(595)			198
Comprehensive income			8,436			1,428
Less: Comprehensive income attributable to noncontrolling interest			74			210
Comprehensive income attributable to Twin Disc			8,362			1,218
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income			1,761			436
Cash:
Net income (loss) attributable to Twin Disc			1,746			324
Translation adjustment during the quarter			8,392			2,005
Unrealized (loss) gain on hedges, net of income taxes of $0, $0, $0 and $0, respectively			$ (595)			$ 198

Note P - Impact of Accounting_4

Note P - Impact of Accounting Method Change - Adjustment to Financial Statements (Details) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2023	Dec. 30, 2022	Dec. 29, 2023	Dec. 30, 2022	Jun. 30, 2023
Benefit plan adjustments, income taxes	$ 13	$ 13	$ 8	$ 4
Unrealized loss on cash flow hedge, income taxes	$ 0	$ 0	$ 0	$ 0
Preferred Shares, Authorized (in shares)	200,000	200,000	200,000	200,000	200,000
Preferred Shares, Issued (in shares)	0	0	0	0	0
Preferred Shares, No Par Value (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0
Common shares, authorized (in shares)	30,000,000	30,000,000	30,000,000	30,000,000	30,000,000
Common shares, shares issued (in shares)	14,632,802	14,632,802	14,632,802	14,632,802	14,632,802
Common shares, no par value (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0
Treasury Stock, Common, Shares (in shares)	639,006	819,398	639,006	819,398	814,734
Previously Reported [Member]
Benefit plan adjustments, income taxes		$ 1		$ 3
Unrealized loss on cash flow hedge, income taxes		$ 0		$ 0
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
As Reported Under New Method [Member]
Benefit plan adjustments, income taxes		$ 13		$ 4