Twin Disc (TWIN) 10-K 6 Sep 24 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2024	Aug. 20, 2024	Dec. 29, 2023
Document Information [Line Items]
Entity Central Index Key	0000100378
Entity Registrant Name	TWIN DISC INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 179,313,320
Entity Common Stock, Shares Outstanding		14,106,669
Auditor Firm ID	49
Auditor Name	RSM US LLP
Auditor Location	Milwaukee, Wisconsin

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash	$ 20,070	$ 13,263
Trade accounts receivable, net	52,207	54,760
Inventories, net	130,484	131,930
Assets held for sale	0	2,968
Prepaid expenses	8,656	8,459
Other	8,214	8,326
Total current assets	219,631	219,706
Property, Plant and Equipment, Net	58,074	38,650
Right-of-use operating lease assets	16,622	13,133
Intangible assets, net	12,686	12,637
Deferred income taxes	2,339	2,244
Other assets	2,706	2,811
Total assets	312,058	289,181
Liabilities, Current [Abstract]
Current maturities of long-term debt	2,000	2,010
Accounts payable	32,586	36,499
Accrued liabilities	64,930	61,586
Total current liabilities	99,516	100,095
Long-term debt	23,811	16,617
Operating Lease, Liability, Noncurrent	14,376	10,811
Accrued retirement benefits	7,854	7,608
Deferred income taxes	5,340	3,280
Other Liabilities, Noncurrent	6,107	5,253
Total liabilities	157,004	143,664
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	41,798	42,855
Retained earnings	129,592	120,299
Accumulated other comprehensive loss	(6,905)	(5,570)
Equity before treasury stock	164,485	157,584
Less treasury stock, at cost (637,778 and 814,734 shares, respectively)	9,783	12,491
Total Twin Disc, Incorporated shareholders' equity	154,702	145,093
Noncontrolling interest	352	424
Total equity	155,054	145,517
Total liabilities and equity	$ 312,058	$ 289,181

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands	Jun. 30, 2024	Jun. 30, 2023
Preferred Shares, Authorized (in shares)	200,000	200,000
Preferred Shares, Issued (in shares)	0	0
Preferred Shares, No Par Value (in dollars per share)	$ 0	$ 0
Common shares, authorized (in shares)	30,000,000	30,000,000
Common shares, shares issued (in shares)	14,632,802	14,632,802
Common shares, no par value (in dollars per share)	$ 0	$ 0
Treasury Stock, Common, Shares (in shares)	637,778	814,734

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 295,127	$ 276,960
Gross profit	83,319	74,332
Marketing, engineering and administrative expenses	71,622	62,243
Restructuring expenses	218	177
Other operating income	0	(4,148)
Income from operations	11,479	16,060
Other Income (expense):
Interest expense	(1,443)	(2,253)
Gain on bargain purchase	3,724	0
Other income, net	1,607	658
Non-operating income (expense)	3,888	(1,595)
Income before income taxes and noncontrolling interest	15,367	14,465
Income tax expense	4,121	3,788
Net income	11,246	10,677
Less: Net earnings attributable to noncontrolling interest, net of tax	(258)	(297)
Net income attributable to Twin Disc, Incorporated	$ 10,988	$ 10,380
Dividends per share (in dollars per share)	$ 0.12	$ 0
Income per share data:
Basic income per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	0.8	0.77
Diluted income per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$ 0.79	$ 0.75
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,683	13,468
Diluted shares outstanding (in shares)	13,877	13,811
Comprehensive income
Net income	$ 11,246	$ 10,677
Benefit plan adjustments, net of income taxes of $8 and $21, respectively	(2,114)	666
Foreign currency translation adjustment	657	635
Unrealized gain on hedges, net of income taxes of $0 and 0, respectively	46	54
Comprehensive income	9,835	12,032
Less: Comprehensive income attributable to noncontrolling interest	183	248
Comprehensive income attributable to Twin Disc, Incorporated	9,652	11,784
Service Excluding Boat Management System Product Line [Member]
Cost of goods sold	208,709	202,628
Boat Management System Product Line [Member]
Cost of goods sold	$ 3,099	$ 0

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Benefit plan adjustments, income taxes	$ 8	$ 21
Unrealized loss on cash flow hedge, income taxes	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 11,246	$ 10,677
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,981	9,359
Gain on disposal of assets	(91)	(4,264)
Bargain purchase gain on Katsa, OY acquisition	(3,724)	0
Restructuring expenses	(82)	137
Provision for deferred income taxes	(560)	(634)
Stock compensation expense	3,449	2,996
Other, net	387	201
Changes in operating assets and liabilities, net of acquired business
Trade accounts receivable, net	9,540	(8,393)
Inventories, net	6,015	(2,750)
Other assets	2,041	476
Accounts payable	(5,166)	7,136
Accrued liabilities	(755)	9,785
Accrued retirement benefits	(1,664)	(1,828)
Net cash provided by operating activities	33,716	22,898
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant, and equipment	(8,707)	(7,918)
Proceeds from sale of fixed assets	0	7,177
Other, net	(184)	333
Net cash used by investing activities	(32,069)	(408)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving loan arrangements	90,534	81,620
Repayments of revolving loan arrangements	(81,109)	(97,774)
Repayments of other long-term debt	(2,010)	(2,037)
Payments of right-of-use finance lease obligations	(921)	(621)
Dividends paid to shareholders	(1,695)	0
Dividends paid to noncontrolling interest	(254)	(236)
Payments of withholding taxes on stock compensation	(1,791)	(463)
Net cash provided (used) by financing activities	2,754	(19,511)
Effect of exchange rate changes on cash	2,406	(2,237)
Net change in cash	6,807	742
Cash:
Beginning of period	13,263	12,521
End of period	20,070	13,263
Supplemental cash flow information
Interest	1,378	2,162
Income tax	1,724	3,592
Katsa Oy [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Bargain purchase gain on Katsa, OY acquisition	(3,724)	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Katsa, OY, less cash acquired	(23,178)	0
Boat Management System Product Line [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on sale of boat management system product line and related inventory	$ 3,099	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Common [Member]	Noncontrolling Interest [Member]	Total
Balance at Jun. 30, 2022	$ 42,551	$ 109,919	$ (6,974)	$ (14,720)	$ 412	$ 131,188
Net income		10,380			297	10,677
Translation adjustments			684		(49)	635
Benefit plan adjustments, net of tax			666			666
Unrealized gain on hedges, net of income taxes of $0 and 0, respectively			54			54
Cash dividends					(236)	(236)
Compensation expense	2,996					2,996
Stock awards, net of tax	(2,692)			2,229		(463)
Dividends paid to shareholders					(236)	(236)
Balance at Jun. 30, 2023	42,855	120,299	(5,570)	(12,491)	424	145,517
Net income		10,988			258	11,246
Translation adjustments			733		(76)	657
Benefit plan adjustments, net of tax			(2,114)			(2,114)
Unrealized gain on hedges, net of income taxes of $0 and 0, respectively			46			46
Cash dividends					(254)
Compensation expense	3,449					3,449
Stock awards, net of tax	(4,506)			2,708		(1,798)
Dividends paid to shareholders		(1,695)				(1,949)
Dividends paid to shareholders					(254)
Balance at Jun. 30, 2024	$ 41,798	$ 129,592	$ (6,905)	$ (9,783)	$ 352	$ 155,054

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Jun. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 9B. Not
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Note A - Description of Busines

Note A - Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations 1918. On May 31, 2024, Basis of Presentations 10 10 one June 30. Consolidation Principles May 31, Management Estimates-- Translation of Foreign Currencies 2024 2023, Business Combinations 805 10, Certain adjustments to the assessed fair values of the assets, liabilities, or non-controlling interests made subsequent to the acquisition date, but within the measurement period, which is up to one June 30, 2024, no 2024 Cash three not not not Accounts Receivable June 30, 2024 2023, may may Fair Value of Financial Instruments . 1 2 June 30, 2024. June 30, 2024. 2 Inventories Assets Held for Sale-- Assets held for sale are carried at fair value less costs to sell, or net book value, whichever is lower. The Company ceases to record depreciation expense at the time of designation as held for sale. During fiscal 2023, 2024, not one not June 30, 2024. Property, Plant and Equipment and Depreciation not At June 30, 2024, Right of Use Lease Assets 842, twelve The Company determines if an arrangement is a lease at contract inception. The lease term begins upon lease commencement, which is when the Company takes possession of the asset, and may not Impairment of Long-lived Assets may not may third Intangible Assets Derivative Financial Instruments - Pension and Other Postretirement Benefits Plans 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 (“MMTM”) (expense) benefit upon annual remeasurement in the fourth not 20% 10% 20% Income Taxes not not not Segment Reporting June 30, 2024, Revenue Recognition five 1. Identify the contract with a customer 2. Identify the performance obligations in the contract 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations in the contract 5. Recognize revenue not not no Goods sold to third not In the table below, contract assets are accounts receivable, trade and contract liabilities are customer deposits. Contract balances for the years ended June 30, 2024, 2023, 2022 Contract Assets Contract Liabilities 2022 45,452 17,021 2023 54,760 22,937 2024 52,207 26,540 Our contracts are short term in nature, and therefore, the amount included in contract liabilities at the beginning of the year was recognized as revenue in the reporting period. Shipping and Handling Fees and Costs Recently Issued Not December 2023, 2023 09, Improvements to Income Tax Disclosures 2023 09” five 2023 09 December 15, 2024. Recently Adopted Accounting Standards 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 33 10513; 34 83550, second 2024.

Note B - Acquisition of Katsa O

Note B - Acquisition of Katsa Oy	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	B. ACQUISITION OF KATSA OY On May 31, 2024, March 5, 2024. Under the terms of the Purchase Agreement, the Company paid an aggregate of approximately $25.5 million in cash at closing, which included a base payment plus adjustments for net cash and working capital, and transactions costs of $0.4 million. This amount was subject to a final determination of working capital adjustments. The Company, in part, financed the payment of the cash consideration through borrowings of $16.9 million under a new credit agreement entered into on April 1, 2024 Purchase Price Allocation The acquisition of Katsa met the criteria for a business combination to be accounted for using the acquisition method under ASC 805, 805” June 30, 2024. The following table details the allocation of the purchase price of the assets acquired and liabilities assumed in connection with the acquisition of Katsa. Cash purchase price $ 25.1 Final working capital adjustment 0.8 Total consideration $ 25.9 Assets acquired (in millions): Cash $ 2.7 Trade accounts receivable, net 7.4 Inventories, net 10.6 Prepaid expenses 0.3 Other 0.8 Property, plant and equipment, net 13.9 Right-of-use operating lease assets 0.5 Intangible assets, net 3.4 Total assets acquired $ 39.6 Liabilities assumed (in millions): Accounts payable 1.8 Accrued liabilities 5.3 Lease obligations 0.4 Deferred income taxes 2.5 Total liabilities assumed $ 10.0 Total identified net assets acquired (in millions): $ 29.6 Gain on bargain purchase 3.7 Purchase price consideration $ 25.9 The fair value of the identifiable assets acquired and liabilities assumed of $29.6 million exceeded the purchase price of the business, and additional expected working capital adjustment, of $25.9 million. As a result, the Company reassessed the recognition and measurement of identifiable assets acquired and liabilities assumed and concluded that the valuation procedures and resulting measurements were appropriate. Accordingly, the acquisition has been accounted for as a bargain purchase and as a result, the Company recognized a gain of $3.7 million, net of income tax of $2.5 million associated with the acquisition. The amount is recorded in other income in the consolidated statements of operations and comprehensive income. Pro forma results of operation for this acquisition have not not Fair Value Estimate of Assets Acquired and Liabilities Assumed The Company is continuing its review of the fair value estimate of certain assets acquired and liabilities assumed during the measurement period, which will conclude as soon as the necessary information regarding the facts and circumstances that existed as of the acquisition date is obtained, or otherwise not not one Upon the final determination of the fair value of assets acquired and liabilities assumed, the excess of the purchase price over such fair values is allocated to goodwill or the excess of such fair values over the purchase price is allocated to bargain purchase gain. The final determination of the purchase price, fair values and resulting bargain purchase gain may The following summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date, including the preliminary estimates of the property, plant and equipment, net, the intangible assets, net, and deferred income taxes: Assets acquired (in millions): Cash $ 2.7 Trade accounts receivable, net 7.4 (a) Inventories, net 10.6 (b) Prepaid expenses 0.3 Other 0.8 Property, plant and equipment, net 13.9 (c) Right-of-use operating lease assets 0.5 Intangible assets, net 3.4 (d) Accounts payable 1.8 Accrued liabilities 5.3 (e) Lease obligations 0.4 Deferred income taxes 2.5 Total identified net assets acquired (in millions): $ 29.6 Gain on bargain purchase 3.7 (f) Purchase price consideration $ 25.9 The following information provides further details about the preliminary estimated net step-up in fair value and/or the estimated fair value at the acquisition date for some key balance sheet items. (a) Accounts receivable represent contractual amounts receivable from customers. The amounts approximate fair value. (b) Inventory consists of (in millions): Raw materials $ 4.5 Work in progress at fair value 2.8 Finished goods at fair value 3.3 Inventories at fair value $ 10.6 Inventories at book value 9.8 Step-up $ 0.8 (c) The value of property, plant and equipment is estimated at (in millions): Buildings $ 7.6 Land 0.9 Equipment 5.4 Property, plant and equipment at fair value 13.9 Property, plant and equipment at book value 5.3 Step-up $ 8.6 (d) Intangible assets consist of (in millions): Estimated fair Estimated average value useful lives Customer relationships $ 1.5 12 Tradename 0.9 10 Technology know-how 1.0 7 Total $ 3.4 (e) The amounts approximate fair value. (f) The Company recognized a bargain purchase gain of $3.7 million, net of income tax expense of $2.5 million associated with the acquisition. As a result, the Company reassessed the recognition and measurement of identifiable assets acquired and liabilities assumed and concluded that the valuation procedures and resulting measurements were appropriate. The fair value of the identifiable assets acquired and liabilities assumed exceeded the fair value of the purchase price of the business. The fair values of property, plant and equipment, net, intangible assets, net, and deferred taxes presented above are preliminary until the final purchase price consideration is determined and the Company completes its work with the use of a third may

Note C - Inventories

Note C - Inventories	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	C. INVENTORIES The major classes of inventories at June 30 2024 2023 Finished parts $ 60,166 $ 66,956 Work in process 23,096 23,374 Raw materials 47,222 41,600 $ 130,484 $ 131,930 In the first 2024, one not second 2024. Inventories stated on a LIFO basis represent approximately 31% and 33% of total inventories at June 30, 2024 2023, June 30, 2024 2023, 2024 2023, not June 30, 2024 2023, The Company had reserves for inventory obsolescence of $12,693 and $12,858 at June 30, 2024 2023,

Note D - Property, Plant and Eq

Note D - Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	D. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment at June 30 2024 2023 Land $ 3,062 $ 2,148 Buildings 44,833 26,349 Machinery and equipment 189,913 148,088 237,808 176,585 Less: accumulated depreciation (179,734 ) (137,935 ) $ 58,074 $ 38,650 Included in the above amounts are finance lease right-of-use assets of $5,210 and $4,427 for the years ended June 30, 2024 2023, Depreciation expense for the years ended June 30, 2024 2023 At June 30, 2024, 2024 2023.

Note E - Intangible Assets

Note E - Intangible Assets	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	E. INTANGIBLE ASSETS On May 31, 2024, June 30, Net Book Value Rollforward Net Book Value By Asset Type Accumulated Gross Carrying Amount Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Names Other Balance at June 30, 2022 $ 39,845 $ (26,835 ) $ 13,010 $ 7,636 $ 3,238 $ 972 $ 1,164 Addition 2,204 - 2,204 - - - 2,204 Reduction (10,506 ) 10,506 - - - - - Amortization - (2,959 ) (2,959 ) (1,340 ) (1,202 ) (39 ) (378 ) Translation adjustment 382 - 382 257 386 (265 ) 4 Balance at June 30, 2023 31,925 (19,288 ) 12,637 6,553 2,422 668 2,994 Addition 3,488 - 3,488 1,519 987 857 125 Reduction (714 ) 714 - - - - - Amortization - (3,273 ) (3,273 ) (1,245 ) (1,280 ) - (748 ) Translation adjustment (166 ) - (166 ) (107 ) (31 ) (14 ) (14 ) Balance at June 30, 2024 $ 34,533 $ (21,847 ) $ 12,686 $ 6,720 $ 2,098 $ 1,511 $ 2,357 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 6 years. Intangible amortization expense for the years ended June 30, 2024 2023 five Fiscal Year 2025 3,476 2026 2,530 2027 2,000 2028 1,642 2029 1,350 Thereafter 1,688

Note F - Accrued Liabilities

Note F - Accrued Liabilities	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	F. ACCRUED LIABILITIES Accrued liabilities at June 30 2024 2023 Customer deposits $ 26,540 $ 22,937 Salaries and wages 14,186 10,102 Warranty 3,341 2,970 Distributor rebates 3,931 3,620 Retirement benefits 1,831 1,693 Other 15,101 20,264 $ 64,930 $ 61,586

Note G - Warranty

Note G - Warranty	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	G. WARRANTY The Company warrants all assembled products, parts (except component products or parts on which written warranties are issued by the respective manufacturers thereof and are furnished to the original customer, as to which the Company makes no no June 30: 2024 2023 Reserve balance, July 1 $ 3,476 $ 3,329 Current period expense and adjustments 5,850 2,451 Payments or credits to customers (5,102 ) (2,268 ) Translation adjustment (4 ) (36 ) Reserve balance, June 30 $ 4,220 $ 3,476 The current portion of the warranty accrual ($3,341 and $2,970 at June 30, 2024 2023, June 30, 2024 2023,

Note H - Debt

Note H - Debt	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	H. DEBT Long-term debt consisted of the following at June 30: 2024 2023 Credit Agreement Debt Revolving loans (expire April 2027) $ 16,288 $ 7,094 Term loan (due April 2027) 9,500 11,500 Other 23 33 Subtotal 25,811 18,627 Less: current maturities (2,000 ) (2,010 ) Total long-term debt $ 23,811 $ 16,617 Credit Agreement Debt On June 29, 2018, “2016 not may, not April 1, 2027, may not April 1, 2027. 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 On April 1, 2024, No. 10 first 2026 third 2025 first 2026 The Company used the increased borrowing capacity under the Credit Agreement to help finance its acquisition of Katsa by TD Finland Holding Oy, a wholly-owned subsidiary of the Company. The Tenth Amendment specifically permits the Company to use Revolving Loans for the Katsa acquisition The Tenth Amendment also extended the Credit Agreement through April 1, 2027 April 1, 2027. The Tenth Amendment also increased the Applicable Margins under the Credit Agreement for purposes of determining interest rates on Revolving Loans, Letters of Credit, Term Loans, and the Unused Revolving Credit Commitment. Prior to the Tenth Amendment, the Applicable Margins were between 1.25% and 2.75% for Revolving Loans and Letters of Credit; 1.375% and 2.875% for Term Loans; and .10% .15% .15% .3% The Tenth Amendment also increased the amount of Restricted Payments that the Company may During fiscal year 2024, As of June 30, 2024, The Company’s borrowings described above approximates fair value at June 30, 2024 June 30, 2023. 2 The Company is party to an interest rate swap arrangement with Bank of Montreal, with an initial amount of $20,000 and a maturity date of March 4, 2026 June 30, 2024, 815, Derivatives and Hedging During the fourth 2021, The aggregate scheduled maturities of outstanding long-term debt obligations in subsequent years are as follows: Fiscal Year 2025 $ 2,000 2026 2,000 2027 21,788 2028 - 2029 - Thereafter 23 $ 25,811 The PPP Loan: On April 17, 2020, 19 two 1.0% April 2022. The PPP Loan is a forgivable loan to the extent proceeds are used to cover qualified documented payroll, mortgage interest, rent, and utility costs over a 24 In accounting for the terms of the PPP Loan, the Company is guided by ASC 470 Debt 450 30 Gain contingency not June 16, 2021, 2021. While the loan has been formally forgiven, under the terms of the PPP Loan, the Company remains subject to an audit by the SBA for a period of six 450 Contingencies Other lines of credit: The Company has established unsecured lines of credit, which may June 30, 2024, June 30, 2023.

Note I - Lease Obligations

Note I - Lease Obligations	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	I. LEASE OBLIGATIONS The following table provides a summary of leases recorded on the consolidated balance sheet at June 30. Balance Sheet Location 2024 2023 Lease Assets Operating lease right-of-use assets Right-of-use operating lease assets $ 16,622 $ 13,133 Finance lease right-of-use assets Property, plant and equipment, net 5,210 4,427 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,352 $ 2,343 Operating lease liabilities Operating lease obligations 14,376 10,811 Finance lease liabilities Accrued liabilities 882 643 Finance lease liabilities Other long-term liabilities 4,795 4,314 The components of lease expense for the years ended June 30 Other information related to leases was as follows: 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,447 $ 3,282 Operating cash flows from finance leases 308 267 Financing cash flows from finance leases 921 621 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 6,069 2,917 Finance leases 1,383 522 Weighted average remaining lease term (years): Operating leases 8.4 8.8 Finance lease 8.7 11.3 Weighted average discount rate: Operating leases 8.3 % 7.2 % Finance leases 6.2 % 5.2 % Approximate future minimum rental commitments under non-cancellable leases as of June 30, 2024 Operating Leases Finance Leases 2025 $ 3,789 $ 1,039 2026 3,197 988 2027 2,816 918 2028 2,270 820 2029 2,201 619 Thereafter 9,724 2,791 Total future lease payments 23,997 7,175 Less: Amount representing interest (7,269 ) (1,497 ) Present value of future payments $ 16,728 $ 5,678

Note J - Shareholders' Equity

Note J - Shareholders' Equity	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Equity [Text Block]	J. SHAREHOLDERS' EQUITY The total number of shares of common stock outstanding at June 30, 2024 2023 June 30, 2024 2023, 2024 2023, 2024 2023, Under an authorization given by the Board of Directors on July 27, 2012, not two June 30, 2024 2023, Cash dividends per share was $0.12 and $0.00 in fiscal 2024 2023. The Company is authorized to issue 200,000 shares of preferred stock, none of which have been issued. The Company has designated 150,000 shares of the preferred stock as Series A Junior Preferred Stock. The components of accumulated other comprehensive loss included in equity as of June 30, 2024 2023 2024 2023 Translation adjustments $ (849 ) $ (1,582 ) Benefit plan adjustments, net of income taxes of ($ 141 133 (8,062 ) (5,948 ) Net gain on cash flow hedge derivatives, net of income taxes of ($ 210 210 504 688 Net gain on net investment hedge derivatives, net of income taxes of $ 103 103 1,502 1,272 Accumulated other comprehensive loss $ (6,905 ) $ (5,570 ) A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the years ended June 30, 2024 June 30, 2023 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2022 $ (2,266 ) $ (6,614 ) $ 356 $ 1,550 Other comprehensive loss before reclassifications 684 - - - Plan merger remeasurement adjustment (1,115 ) Amounts reclassified from accumulated other comprehensive loss - 1,781 332 (278 ) Net current period other comprehensive income (loss) 684 666 332 (278 ) Balance at June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Other comprehensive loss before reclassifications 733 - - - Amounts reclassified from accumulated other comprehensive loss - (2,114 ) (184 ) 230 Net current period other comprehensive income (loss) 733 (2,114 ) (184 ) 230 Balance at June 30, 2024 $ (849 ) $ (8,062 ) $ 504 $ 1,502 A reconciliation for the reclassifications out of accumulated other comprehensive loss, net of tax, for the year ended June 30, 2024 Amount Reclassified Changes in benefit plan items Actuarial loss $ (2,079 ) Transition asset and prior service benefit 21 Translation (64 ) Total amortization (2,122 ) Income taxes 8 Total changes, net of tax $ (2,114 ) A reconciliation for the reclassifications out of accumulated other comprehensive loss, net of tax, for the year ended June 30, 2023 Amount Reclassified Changes in benefit plan items Actuarial income $ 16 Transition asset and prior service benefit 336 Plan merger remeasurement adjustment (1,115 ) MMTM adjustment 2,430 Translation 6 Total amortization 1,673 Income taxes 108 Total changes, net of tax $ 1,781

Note K - Business Segments and

Note K - Business Segments and Foreign Operations	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	K. BUSINESS SEGMENTS AND FOREIGN OPERATIONS The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy duty off-highway power transmission equipment. Principal products include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, energy and natural resources, government, and industrial markets. Net sales by product group is summarized as follows: 2024 2023 Industrial $ 25,668 $ 29,775 Land-based transmissions 78,518 73,048 Marine and propulsion systems 171,766 147,825 Other 19,175 26,312 Total $ 295,127 $ 276,960 Industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction and oil and gas markets. The land-based transmission products include applications for oil field and natural gas, military and airport rescue and firefighting. The marine and propulsion systems include marine transmission, azimuth drives, controls, surface drives, and propellers for the global commercial marine, pleasure craft and patrol boat markets. Other includes non-Twin Disc manufactured product sold through Company-owned distribution entities. The Company has two Information about the Company's segments, before intercompany eliminations, is summarized as follows: 2024 Manufacturing Distribution Total Net Sales $ 250,933 $ 148,920 $ 399,853 Intra-segment sales 6,974 15,661 22,635 Inter-segment sales 77,978 4,113 82,091 Interest income 335 344 679 Interest expense 1,987 11 1,998 Income taxes 890 2,519 3,409 Depreciation and amortization 8,606 341 8,947 Net income attributable to Twin Disc 24,587 7,250 31,837 Assets 443,149 73,033 516,182 Expenditures for segment assets 7,305 730 8,035 2023 Manufacturing Distribution Total Net Sales $ 244,090 $ 121,964 $ 366,054 Intra-segment sales 9,258 12,779 22,037 Inter-segment sales 60,858 6,199 67,057 Interest income 879 256 1,135 Interest expense 3,297 3 3,300 Income taxes 2,722 1,585 4,307 Depreciation and amortization 8,572 295 8,867 Net income attributable to Twin Disc 22,964 6,839 29,803 Assets 381,668 69,213 450,881 Expenditures for segment assets 5,336 374 5,710 The following is a reconciliation of reportable segment net sales and net income to the Company’s consolidated totals: 2024 2023 Net sales: Total net sales from reportable segments $ 399,853 $ 366,054 Elimination of inter-company sales (104,726 ) (89,094 ) Total consolidated net sales $ 295,127 $ 276,960 Net income attributable to Twin Disc, Incorporated: Total net income from reportable segments $ 31,837 $ 29,803 Other adjustments and corporate expenses (20,849 ) (19,423 ) Total consolidated net income attributable to Twin Disc $ 10,988 $ 10,380 Corporate expenses pertain to certain costs that are not Other significant items: Segment Consolidated Totals Adjustments Totals 2024 Interest income $ 679 $ (615 ) $ 64 Interest expense 1,998 (555 ) 1,443 Income taxes 3,409 712 4,121 Depreciation and amortization 8,947 1,034 9,981 Assets 516,182 (204,124 ) 312,058 Expenditures for segment assets 8,035 672 8,707 2023 Interest income $ 1,135 $ (1,102 ) $ 33 Interest expense 3,301 (1,048 ) 2,253 Income taxes 4,307 (519 ) 3,788 Depreciation and amortization 8,868 491 9,359 Assets 450,881 (161,700 ) 289,181 Expenditures for segment assets 5,710 2,208 7,918 All adjustments represent inter-company eliminations and corporate amounts. Geographic information about the Company is summarized as follows: Net sales 2024 2023 United States $ 79,823 $ 98,108 Netherlands 46,162 33,845 China 45,527 29,996 Australia 17,790 22,339 Italy 16,814 19,671 Other countries 89,011 73,001 Total $ 295,127 $ 276,960 Net sales by geographic region are based on product shipment destination. Long-lived assets primarily pertain to property, plant and equipment and exclude goodwill, other intangibles, and deferred income taxes. They are summarized as follows: Long-lived assets 2024 2023 United States $ 39,475 $ 31,628 Netherlands 10,270 10,396 Finland 14,362 - Belgium 5,746 6,160 Italy 1,356 1,372 Switzerland 1,093 619 Other countries 5,100 4,419 Total $ 77,402 $ 54,594 No one 10% 2024. 2023. Disaggregated revenue: The following tables present details deemed most relevant to the users of the financial statements for the years ended June 30, 2024 June 30, 2023. Net sales by product group for the year ended June 30, 2024 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 23,656 $ 5,163 $ (3,151 ) $ 25,668 Land-based transmissions 71,464 40,693 (33,639 ) 78,518 Marine and propulsion systems 152,855 86,202 (67,291 ) 171,766 Other 2,958 16,862 (645 ) 19,175 Total $ 250,933 $ 148,920 $ (104,726 ) $ 295,127 Net sales by product group for the year ended June 30, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 28,445 $ 6,162 $ (4,832 ) $ 29,775 Land-based transmissions 69,411 29,787 (26,150 ) 73,048 Marine and propulsion systems 136,992 67,033 (56,200 ) 147,825 Other 9,242 18,982 (1,912 ) 26,312 Total $ 244,090 $ 121,964 $ (89,094 ) $ 276,960

Note L - Stock-based Compensati

Note L - Stock-based Compensation	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	L. STOCK-BASED COMPENSATION In fiscal 2022, 2021 “2021 2021 may one may In fiscal 2021, 2020 “2020 2020 may one 2020 may 2020 may Shares available for future awards as of June 30 2024 2023 2020 Directors' Plan 521,550 560,531 2021 LTI Plan 41,439 233,270 Performance Stock Awards ( PSA ) In fiscal 2024 2023, The PSAs granted in fiscal 2024 three June 30, 2026. The PSAs granted in fiscal 2023 three June 30, 2025. There were 233,861 and 437,862 unvested PSAs outstanding at June 30, 2024 2023, June 30, 2024 2023, June 30, 2024 2023, June 30, 2024 June 30, 2024, 2024 2023 2024 2023 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 fiscal 2024 2023 2024 three June 30, 2026. June 30, 2024 2023, Restricted Stock Awards ( RS ) The Company has unvested RS outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation over the vesting period, which is generally 1 3 2024 2023, 2024 2023, June 30, 2024 2023, June 30, 2024 2023, June 30, 2024 2023, 2024 2023 June 30, 2024, three Restricted Stock Unit Awards ( RSU ) In fiscal 2024 2023, The RSUs granted in fiscal 2023 The RSUs granted in fiscal 2023 June 30, 2025 three June 30, 2025. There were 134,989 and 130,163 unvested RSUs outstanding at June 30, 2024 June 30, 2023, June 30, 2024 2023, June 30, 2024 2023, June 30, 2024 June 30, 2024,

Note M - Engineering and Develo

Note M - Engineering and Development Costs	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	M. ENGINEERING AND DEVELOPMENT COSTS Engineering and development costs include research and development expenses for new products, development and major improvements to existing products, and other costs for ongoing efforts to refine existing products. Research and development costs charged to operations totaled $2,629 and $2,458 in fiscal 2024 2023, 2024 2023,

Note N - Pension and Other Post

Note N - Pension and Other Postretirement Benefit Plans	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	N. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Company has non-contributory, qualified defined benefit pension plans covering substantially all domestic employees hired prior to October 1, 2003, January 1, 1997, January 1, 1997 July 31, 2009, December 2022, In addition, the Company has unfunded, non-qualified retirement plans for certain management employees and Directors. In the case of management employees, benefits are based on an annual credit to a bookkeeping account, intended to restore the benefits that would have been earned under the qualified plans, but for the earnings limitations under the Internal Revenue Code. In the case of Directors, benefits are based on years of service on the Board. All benefits vest upon retirement from the Company. In addition to providing pension benefits, the Company provides other postretirement benefits, including healthcare and life insurance benefits for certain domestic retirees. All employees retiring after December 31, 1992, The measurement date for the Company’s pension and postretirement benefit plans in fiscal 2024 2023 June 30. As discussed in Note A, during the fourth 2023, fourth The income to the Company of its retirement benefit plans is shown in the following table: Year Ended June 30 Pension Benefits Other Postretirement Benefits Components of net periodic benefit income: 2024 2023 2024 2023 Service cost $ 373 $ 338 $ 8 $ 10 Interest cost 3,609 3,570 191 213 Prior service cost - 20 - - Expected return on plan assets (4,283 ) (4,240 ) - - Amortization of transition obligation 38 38 - - Amortization of prior service cost (benefit) 35 (100 ) (708 ) (314 ) Amortization of actuarial net loss 65 2,451 - - Modified mark-to market effect - (2,428 ) - - Net periodic benefit income $ (163 ) $ (351 ) $ (509 ) $ (91 ) Obligations and Funded Status The following table sets forth the Company's defined benefit pension plans’ and other postretirement benefit plans’ funded status and the amounts recognized in the Company's balance sheets and statement of operations and comprehensive income as of June 30: Other Pension Postretirement Benefits Benefits 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation, beginning of year $ 72,242 $ 79,549 $ 3,685 $ 4,785 Service cost 373 340 8 10 Interest cost 3,609 3,571 191 213 Prior service cost - 20 - - Actuarial loss (gain) 254 (3,361 ) (166 ) (633 ) Contributions by plan participants 116 112 - - Benefits paid (8,484 ) (7,989 ) (549 ) (690 ) Benefit obligation, end of year $ 68,110 $ 72,242 $ 3,169 $ 3,685 Change in plan assets: Fair value of assets, beginning of year $ 67,338 $ 73,338 $ - $ - Actual return on plan assets 3,101 1,141 - - Employer contribution 589 736 549 690 Contributions by plan participants 116 112 - - Benefits paid (8,484 ) (7,989 ) (549 ) (690 ) Fair value of assets, end of year $ 62,660 $ 67,338 $ - $ - Funded status $ (5,450 ) $ (4,904 ) $ (3,169 ) $ (3,685 ) Amounts recognized in the balance sheet consist of: Other assets - noncurrent $ - $ 28 $ - $ - Accrued liabilities - current (260 ) (308 ) (505 ) (701 ) Accrued retirement benefits - noncurrent (5,190 ) (4,624 ) (2,664 ) (2,984 ) Net amount recognized $ (5,450 ) $ (4,904 ) $ (3,169 ) $ (3,685 ) Amounts recognized in accumulated other comprehensive loss consist of (net of tax): Net transition obligation $ 53 $ 83 $ - $ - Prior service benefit (145 ) (42 ) - (67 ) Actuarial net loss (gain) 8,768 7,064 (614 ) (1,090 ) Net amount recognized $ 8,676 $ 7,105 $ (614 ) $ (1,157 ) The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year for the qualified defined benefit and other postretirement benefit plans are as follows: Other Pension Postretirement Benefits Benefits Net transition obligation $ 96 $ - Prior service benefit (32 ) - Actuarial net loss (gain) 239 (262 ) Net amount to be recognized $ 303 $ (262 ) The accumulated benefit obligation for all defined benefit pension plans was approximately $68,110 and $72,242 at June 30, 2024 2023, Information for pension plans with an accumulated benefit obligation in excess of plan assets : June 30 2024 2023 Projected and accumulated benefit obligation $ 64,286 $ 67,808 Fair value of plan assets 58,839 62,876 Components of Net Periodic Benefit Income: Pension Benefits 2024 2023 Service cost $ 373 $ 338 Interest cost 3,609 3,570 Prior service cost - 20 Expected return on plan assets (4,283 ) (4,240 ) Amortization of transition obligation 38 38 Amortization of prior service cost (benefit) 35 (100 ) Amortization of actuarial net loss 65 23 Net periodic benefit income $ (163 ) $ (351 ) Other Postretirement Benefits 2024 2023 Service cost $ 8 $ 10 Interest cost 191 213 Amortization of prior service benefit (708 ) (314 ) Net periodic benefit income $ (509 ) $ (91 ) Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income for Fiscal 2024 Other Postretirement Pension Benefits Net loss (income) $ 1,656 $ (165 ) Amortization of transition asset (38 ) - Amortization of prior service (benefit) cost (34 ) 88 Amortization of net (income) loss (64 ) 620 Total recognized in other comprehensive loss 1,520 543 Net periodic benefit income (163 ) (509 ) Total recognized in net periodic benefit income and other comprehensive loss $ 1,357 $ 34 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss for Fiscal 2023 Other Postretirement Pension Benefits Net income $ (307 ) $ (633 ) Amortization of transition asset (38 ) - Amortization of prior service cost 99 275 Amortization of net (income) loss (23 ) 39 Total recognized in other comprehensive income (269 ) (319 ) Net periodic benefit income (351 ) (91 ) Total recognized in net periodic benefit income and other comprehensive income $ (620 ) $ (410 ) Additional Information Assumptions Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine benefit obligations at June 30 2024 2023 2024 2023 Discount rate 5.25 % 5.29 % 5.66 % 5.74 % Expected return on plan assets 6.54 % 6.65 % Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine net periodic benefit costs for years ended June 30 2024 2023 2024 2023 Discount rate 5.07 % 5.02 % 5.74 % 4.83 % Expected return on plan assets 6.47 % 6.42 % The assumed weighted-average healthcare cost trend rate was 8.30% in 2024, 2025. Plan Assets The Company’s Benefits Committee (“Committee”), a non-board management committee, oversees investment matters related to the Company’s funded benefit plans. The Committee works with external actuaries and investment consultants on an ongoing basis to establish and monitor investment strategies and target asset allocations. The overall objective of the Committee’s investment strategy is to earn a rate of return over time to satisfy the benefit obligations of the pension plans and to maintain sufficient liquidity to pay benefits and address other cash requirements of the pension plans. The Committee has established an Investment Policy Statement which provides written documentation of the Company’s expectations regarding its investment programs for the pension plans, establishes objectives and guidelines for the investment of the plan assets consistent with the Company’s financial and benefit-related goals, and outlines criteria and procedures for the ongoing evaluation of the investment program. The Company employs a total return on investment approach whereby a mix of investments among several asset classes are used to maximize long-term return of plan assets while avoiding excessive risk. Investment risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews, and annual liability measurements. The Company’s pension plan weighted-average asset allocations at June 30, 2024 2023 Target June 30 Asset Category Allocation 2024 2023 Equity securities 38% 19% 40% Debt securities 55% 71% 49% Real estate 7% 10% 11% 100% 100% 100% Due to market conditions and other factors, actual asset allocation may June 30, 2024 June 30, 2023. The U.S. plans have a long-term return assumption of 7.0%. This rate was derived based upon historical experience and forward-looking return expectations for major asset class categories. Fair value is defined as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The inputs used to measure fair value are classified into the following hierarchy: Level I Unadjusted quoted prices in active markets for identical instruments Level II Unadjusted quoted prices in active markets for similar instruments, or Unadjusted quoted prices for identical or similar instruments in markets that are not Other inputs that are observable in the market or can be corroborated by observable market data Level III Use of one The following table presents plan assets using the fair value hierarchy as of June 30, 2024: Total Level I Level II Level III Cash and cash equivalents $ 647 $ 647 $ - $ - Equity securities: Company common stock (a) 1,157 1,157 - - Common stock (a) 1,479 1,479 - - Mutual funds (b) 4,261 4,261 - - Annuity contracts (c) 6,264 - - 6,264 Total $ 13,808 $ 7,544 $ - $ 6,264 Investments Measured at Net Asset Value (d) 48,852 Total $ 62,660 Total Level I Level II Level III Cash and cash equivalents $ 858 $ 858 $ - $ - Equity securities: Company common stock (a) 1,106 1,106 - - Common stock (a) 9,590 9,590 - - Mutual funds (b) 3,112 3,112 - - Annuity contracts (c) 6,688 - - 6,688 Total $ 21,354 $ 14,666 $ - $ 6,688 Investments Measured at Net Asset Value (d) 45,984 Total $ 67,338 (a) Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S. (b) Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company’s funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Company’s funded benefit plans are deemed to be actively traded. (c) Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at fair value using the net present value of future cash flows. (d) In accordance with ASC 820 10, not The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of June 30, 2024 June 30, 2023: 2024 2023 Fixed income funds $ 35,089 $ 29,057 International equity securities 1,808 2,251 Real estate 5,209 6,315 Hedged equity mutual funds 6,746 8,361 Total $ 48,852 $ 45,984 The following tables present a reconciliation of the fair value measurements using significant unobservable inputs (Level III) as of June 30, 2024 2023: 2024 2023 Beginning balance $ 6,688 $ 6,302 Actual return on plan assets: Relating to assets still held at reporting date 605 184 Purchases, sales and settlements, net (1,029 ) 203 Ending balance $ 6,264 $ 6,688 Cash Flows Contributions The Company expects to contribute $542 to its defined benefit pension plans in fiscal 2025. The Company expects to contribute $519 to its other postretirement benefit plans in fiscal 2025. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Other Pension Postretirement Benefits Benefits 2025 $ 7,593 $ 519 2026 6,910 467 2027 6,805 431 2028 6,769 396 2029 6,061 356 Years 2029 - 2033 30,967 1,234 The Company does not The Company sponsors defined contribution plans covering substantially all domestic employees and certain foreign employees. These plans provide for employer contributions based primarily on employee participation. The total expense under the plans was $2,447 and $2,260 in fiscal 2024 2023,

Note O - Income Taxes

Note O - Income Taxes	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	O. INCOME TAXES United States and foreign (loss) income before income taxes and minority interest were as follows: 2024 2023 United States $ (6,213 ) $ 683 Foreign 21,580 13,782 $ 15,367 $ 14,465 The provision (benefit) for income taxes is comprised of the following: 2024 2023 Currently payable: Federal $ 7 $ 72 State 66 (5 ) Foreign 4,608 4,355 4,681 4,422 Deferred: Federal $ 10 $ - State (2 ) (47 ) Foreign (568 ) (587 ) (560 ) (634 ) $ 4,121 $ 3,788 The components of the net deferred tax asset as of June 30 2024 2023 Deferred tax assets: Retirement plans and employee benefits $ 4,683 $ 4,234 Foreign tax credit carryforwards 8,347 7,983 Federal tax credits, net of ASU 2013-11 1,683 1,724 State net operating loss and other state creditcarryforwards, net of ASU 2013-11 2,226 2,143 Federal net operating loss 4,042 4,489 Reserves 931 774 Inventories 93 - Research & experimental expenditure capitalization 816 588 Foreign net operating loss carryforwards 52 - Accruals 1,081 936 Right of use assets - operating leases 4,038 3,501 Disallowed interest 1,384 1,062 Capital loss carryforward 108 108 Translation adjustment 565 494 Other assets 108 115 30,157 28,151 Valuation allowance (24,035 ) (22,345 ) $ 6,122 $ 5,806 Deferred tax liabilities: Inventories - 96 Property, plant and equipment 673 850 Intangible assets 1,010 1,561 Long term operating lease obligations 4,034 3,427 Hedging 445 435 Step-up on fair value adjustment 2,530 - Other liabilities 431 473 9,123 6,842 Total net deferred tax liabilities $ (3,001 ) $ (1,036 ) At June 30, 2024 2025 2044. 2019 2026 2044. The Company maintains valuation allowances when it is more likely than not not not not not not 2024 2023, Following is a reconciliation of the applicable U.S. federal income taxes to the actual income taxes reflected in the statements of operations (in thousands): 2024 2023 U.S. federal income tax at 21 $ 3,227 $ 3,038 Increases (reductions) in tax resulting from: US Foreign inclusion items 463 67 Foreign rate differences 555 739 Foreign permanent items 127 20 Foreign prior period adjustments 118 166 Foreign other 3 (90 ) Foreign bargain purchase gain (782 ) - Foreign tax ruling (786 ) - Foreign uncollectible tax receivable 238 - State taxes (144 ) 69 Change in prior year estimate 96 (113 ) Research & development tax credits (47 ) (127 ) Foreign tax credits (480 ) - Unrecognized tax benefits 3 64 Stock compensation (445 ) (13 ) Rate changes - (39 ) Deferred tax basis adjustments 132 41 Executive compensation 471 219 GILTI Inclusion - 97 FDII Deduction - - Valuation Allowance 1,110 (426 ) Other, net 262 76 $ 4,121 $ 3,788 The Company has not no June 30, 2024 June 30, 2023, Annually, the Company files income tax returns in various taxing jurisdictions inside and outside the United States. In general, the tax years that remain subject to examination are 2019 2024 2019. The Company has approximately $766 and $774 of unrecognized tax benefits as of June 30, 2024 June 30, 2023 No 12 Below is a reconciliation of beginning and ending amount of unrecognized tax benefits as of June 30: 2024 2023 Unrecognized tax benefits, beginning of year $ 774 $ 716 Additions based on tax positions related to the prior year - 22 Additions based on tax positions related to the current year 8 36 Reductions based on tax positions related to the prior year (16 ) - Subtractions due to statues closing - - Settlements with taxing authorities - - Unrecognized tax benefits, end of year $ 766 $ 774 Substantially all of the Company’s unrecognized tax benefits as of June 30, 3024, June 30, 2024 2023, not

Note P - Contingencies

Note P - Contingencies	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	P. CONTINGENCIES The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, are not not

Note Q - Assets Held for Sale

Note Q - Assets Held for Sale	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Assets Held-for-Sale [Text Block]	Q. 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 not 2024 2024. In the first 2023, 3 In the second 2023, In the first 2024, 11 June 30, 2024, $2.1 October 30, 2023.

Note R - Earnings Per Share

Note R - Earnings Per Share	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	R. 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. The components of basic and diluted earnings per share were as follows: 2024 2023 Basic: Net income $ 11,246 $ 10,677 Less: Net earnings attributable to noncontrolling interest (258 ) (297 ) Less: Undistributed earnings attributable to unvested shares - - Net income attributable to Twin Disc, Incorporated 10,988 10,380 Weighted average shares outstanding - basic 13,683 13,468 Basic Income Per Share: Net income per share - basic $ 0.80 $ 0.77 Diluted: Net income $ 11,246 $ 10,677 Less: Net earnings attributable to noncontrolling interest (258 ) (297 ) Less: Undistributed earnings attributable to unvested shares - - Net income attributable to Twin Disc, Incorporated 10,988 10,380 Weighted average shares outstanding - basic 13,683 13,468 Effect of dilutive stock awards 194 343 Weighted average shares outstanding - diluted 13,877 13,811 Diluted Income Per Share: Net income per share - diluted $ 0.79 $ 0.75

Note S - Derivative Financial I

Note S - Derivative Financial Instruments	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	S. DERIVATIVE FINANCIAL INSTRUMENTS The Company reports all derivative instruments on its consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of transactions entered into for hedging purposes. As a global organization, the Company faces exposure to market risks, such as fluctuations in foreign currency exchange rates, interest rates and commodity prices. To manage the volatility relating to these exposures, the Company enters into various derivative instruments from time to time under its risk management policies. The Company designates derivative instruments as hedges on a transaction basis to support hedge accounting. The changes in fair value of these hedging instruments offset in part or in whole corresponding changes in the fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial and ongoing effectiveness of its hedging relationships in accordance with its policy. The Company does not no Interest Rate Swaps Designated as Cash Flow Hedges The primary purpose of the Company’s cash flow hedging activities is to manage the potential changes in value associated with interest payments on the Company’s SOFR-based indebtedness. The Company records gains and losses on interest rate swap contracts qualifying as cash flow hedges in accumulated other comprehensive loss to the extent that these hedges are effective and until the Company recognizes the underlying transactions in net earnings, at which time these gains and losses are recognized in interest expense on its consolidated statements of operations and comprehensive income. Cash flows from derivative financial instruments are classified as cash flows from financing activities on the consolidated statements of cash flows. These contracts generally have original maturities of greater than twelve Net unrealized after-tax gains related to cash flow hedging activities that were included in accumulated other comprehensive loss were ($504) and ($688) for the years ended June 30, 2024 2023, The Company estimates that ($218) of net unrealized gains related to cash flow hedging activities included in accumulated other comprehensive loss will be reclassified into earnings within the next twelve Derivatives Designated as Net Investment Hedges The Company is exposed to foreign currency exchange risk related to its investment in net assets in foreign countries. As discussed in Note H, Debt, during the fourth 2021, €13,500, June 30, 2024 2023, Foreign Currency Forward Contracts Not The Company primarily enters into forward exchange contracts to reduce the earnings and cash flow impact of non-functional currency denominated receivables and payables. These contracts are highly effective in hedging the cash flows attributable to changes in currency exchange rates. Gains and losses resulting from these contracts offset the foreign exchange gains or losses on the underlying assets and liabilities being hedged. The maturities of the forward exchange contracts generally coincide with the settlement dates of the related transactions. Gains and losses on these contracts are recorded in other expense, net in the consolidated statement of operations and comprehensive income as the changes in the fair value of the contracts are recognized and generally offset the gains and losses on the hedged items in the same period. The primary currency to which the Company was exposed in fiscal 2024 2023 June 30, 2024 2023, no Other Derivative Instruments The Company does not not Fair Value of Derivative Instruments The Company’s interest rate swaps and foreign currency forward contracts are recorded at fair value on the consolidated balance sheets using a discounted cash flow analysis that incorporates observable market inputs. These market inputs include foreign currency spot and forward rates, and various interest rate curves, and are obtained from pricing data quoted by various banks, third 2 Counterparties to these foreign currency forward contracts have at least an investment grade rating. Credit ratings on some of the Company’s counterparties may As discussed in Note H, Debt, the Company's euro denominated Revolving Loan approximates fair value at June 30, 2024 June 30, 2023. 2 The fair value of derivative instruments included in the consolidated balance sheets at June 30 Balance Sheet Location 2024 2023 Derivatives designated as hedges: Interest rate swaps Other current assets $ 218 $ 292 Interest rate swaps Other noncurrent assets 76 187 The impact of the Company’s derivative instruments on the consolidated statement of operations and comprehensive income for the years ended June 30 Statement of Operations and Comprehensive Income Location 2024 2023 Derivatives designated as hedges: Interest rate swap Interest expense $ 262 $ 311 Interest rate swap Unrealized (loss) gain on hedges (184 ) 332 Net investment hedge Unrealized gain (loss) on hedges 230 (278 )

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	TWIN DISC, INCORPORATED AND SUBSIDIARIES SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS For the years ended June 30, 2024 2023 Balance at Charged to Balance at Beginning Costs and End of Description of Period Expenses Adjustments (1) Period 2024 Allowance for credit losses on accounts receivable $ 1,221 $ 240 $ 78 $ 1,383 Reserve for inventory obsolescence $ 12,858 $ 2,331 $ 2,496 $ 12,693 Deferred tax valuation allowance $ 22,345 $ - $ (1,690 ) $ 24,035 2023 Allowance for credit losses on accounts receivable $ 1,741 $ 140 $ 660 $ 1,221 Reserve for inventory obsolescence $ 11,557 $ 1,740 $ 439 $ 12,858 Deferred tax valuation allowance $ 23,097 $ - $ 752 $ 22,345 ( 1

Note A - Description of Busin_2

Note A - Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Contract Assets Contract Liabilities 2022 45,452 17,021 2023 54,760 22,937 2024 52,207 26,540

Note B - Acquisition of Katsa_2

Note B - Acquisition of Katsa Oy (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Cash purchase price $ 25.1 Final working capital adjustment 0.8 Total consideration $ 25.9 Assets acquired (in millions): Cash $ 2.7 Trade accounts receivable, net 7.4 Inventories, net 10.6 Prepaid expenses 0.3 Other 0.8 Property, plant and equipment, net 13.9 Right-of-use operating lease assets 0.5 Intangible assets, net 3.4 Total assets acquired $ 39.6 Liabilities assumed (in millions): Accounts payable 1.8 Accrued liabilities 5.3 Lease obligations 0.4 Deferred income taxes 2.5 Total liabilities assumed $ 10.0 Total identified net assets acquired (in millions): $ 29.6 Gain on bargain purchase 3.7 Purchase price consideration $ 25.9
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets acquired (in millions): Cash $ 2.7 Trade accounts receivable, net 7.4 (a) Inventories, net 10.6 (b) Prepaid expenses 0.3 Other 0.8 Property, plant and equipment, net 13.9 (c) Right-of-use operating lease assets 0.5 Intangible assets, net 3.4 (d) Accounts payable 1.8 Accrued liabilities 5.3 (e) Lease obligations 0.4 Deferred income taxes 2.5 Total identified net assets acquired (in millions): $ 29.6 Gain on bargain purchase 3.7 (f) Purchase price consideration $ 25.9
Schedule of Inventory Acquired, Measured at Fair Value [Table Text Block]	Raw materials $ 4.5 Work in progress at fair value 2.8 Finished goods at fair value 3.3 Inventories at fair value $ 10.6 Inventories at book value 9.8 Step-up $ 0.8
Schedule of Property, Plant and Equipment Acquired, Measured at Fair Value [Table Text Block]	Buildings $ 7.6 Land 0.9 Equipment 5.4 Property, plant and equipment at fair value 13.9 Property, plant and equipment at book value 5.3 Step-up $ 8.6
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Estimated fair Estimated average value useful lives Customer relationships $ 1.5 12 Tradename 0.9 10 Technology know-how 1.0 7 Total $ 3.4

Note C - Inventories (Tables)

Note C - Inventories (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2024 2023 Finished parts $ 60,166 $ 66,956 Work in process 23,096 23,374 Raw materials 47,222 41,600 $ 130,484 $ 131,930

Note D - Property, Plant and _2

Note D - Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	2024 2023 Land $ 3,062 $ 2,148 Buildings 44,833 26,349 Machinery and equipment 189,913 148,088 237,808 176,585 Less: accumulated depreciation (179,734 ) (137,935 ) $ 58,074 $ 38,650

Note E - Intangible Assets (Tab

Note E - Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2024
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 Accumulated Gross Carrying Amount Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Names Other Balance at June 30, 2022 $ 39,845 $ (26,835 ) $ 13,010 $ 7,636 $ 3,238 $ 972 $ 1,164 Addition 2,204 - 2,204 - - - 2,204 Reduction (10,506 ) 10,506 - - - - - Amortization - (2,959 ) (2,959 ) (1,340 ) (1,202 ) (39 ) (378 ) Translation adjustment 382 - 382 257 386 (265 ) 4 Balance at June 30, 2023 31,925 (19,288 ) 12,637 6,553 2,422 668 2,994 Addition 3,488 - 3,488 1,519 987 857 125 Reduction (714 ) 714 - - - - - Amortization - (3,273 ) (3,273 ) (1,245 ) (1,280 ) - (748 ) Translation adjustment (166 ) - (166 ) (107 ) (31 ) (14 ) (14 ) Balance at June 30, 2024 $ 34,533 $ (21,847 ) $ 12,686 $ 6,720 $ 2,098 $ 1,511 $ 2,357
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2025 3,476 2026 2,530 2027 2,000 2028 1,642 2029 1,350 Thereafter 1,688

Note F - Accrued Liabilities (T

Note F - Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	2024 2023 Customer deposits $ 26,540 $ 22,937 Salaries and wages 14,186 10,102 Warranty 3,341 2,970 Distributor rebates 3,931 3,620 Retirement benefits 1,831 1,693 Other 15,101 20,264 $ 64,930 $ 61,586

Note G - Warranty (Tables)

Note G - Warranty (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	2024 2023 Reserve balance, July 1 $ 3,476 $ 3,329 Current period expense and adjustments 5,850 2,451 Payments or credits to customers (5,102 ) (2,268 ) Translation adjustment (4 ) (36 ) Reserve balance, June 30 $ 4,220 $ 3,476

Note H - Debt (Tables)

Note H - Debt (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	2024 2023 Credit Agreement Debt Revolving loans (expire April 2027) $ 16,288 $ 7,094 Term loan (due April 2027) 9,500 11,500 Other 23 33 Subtotal 25,811 18,627 Less: current maturities (2,000 ) (2,010 ) Total long-term debt $ 23,811 $ 16,617
Schedule of Maturities of Long-Term Debt [Table Text Block]	Fiscal Year 2025 $ 2,000 2026 2,000 2027 21,788 2028 - 2029 - Thereafter 23 $ 25,811

Note I - Lease Obligations (Tab

Note I - Lease Obligations (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Balance Sheet Location 2024 2023 Lease Assets Operating lease right-of-use assets Right-of-use operating lease assets $ 16,622 $ 13,133 Finance lease right-of-use assets Property, plant and equipment, net 5,210 4,427 Lease Liabilities Operating lease liabilities Accrued liabilities $ 2,352 $ 2,343 Operating lease liabilities Operating lease obligations 14,376 10,811 Finance lease liabilities Accrued liabilities 882 643 Finance lease liabilities Other long-term liabilities 4,795 4,314
Operating and Finance Leases, Other Disclosures [Table Text Block]	2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,447 $ 3,282 Operating cash flows from finance leases 308 267 Financing cash flows from finance leases 921 621 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 6,069 2,917 Finance leases 1,383 522 Weighted average remaining lease term (years): Operating leases 8.4 8.8 Finance lease 8.7 11.3 Weighted average discount rate: Operating leases 8.3 % 7.2 % Finance leases 6.2 % 5.2 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2025 $ 3,789 $ 1,039 2026 3,197 988 2027 2,816 918 2028 2,270 820 2029 2,201 619 Thereafter 9,724 2,791 Total future lease payments 23,997 7,175 Less: Amount representing interest (7,269 ) (1,497 ) Present value of future payments $ 16,728 $ 5,678

Note J - Shareholders' Equity (

Note J - Shareholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	2024 2023 Translation adjustments $ (849 ) $ (1,582 ) Benefit plan adjustments, net of income taxes of ($ 141 133 (8,062 ) (5,948 ) Net gain on cash flow hedge derivatives, net of income taxes of ($ 210 210 504 688 Net gain on net investment hedge derivatives, net of income taxes of $ 103 103 1,502 1,272 Accumulated other comprehensive loss $ (6,905 ) $ (5,570 )
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]	Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2022 $ (2,266 ) $ (6,614 ) $ 356 $ 1,550 Other comprehensive loss before reclassifications 684 - - - Plan merger remeasurement adjustment (1,115 ) Amounts reclassified from accumulated other comprehensive loss - 1,781 332 (278 ) Net current period other comprehensive income (loss) 684 666 332 (278 ) Balance at June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance at June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Other comprehensive loss before reclassifications 733 - - - Amounts reclassified from accumulated other comprehensive loss - (2,114 ) (184 ) 230 Net current period other comprehensive income (loss) 733 (2,114 ) (184 ) 230 Balance at June 30, 2024 $ (849 ) $ (8,062 ) $ 504 $ 1,502
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amount Reclassified Changes in benefit plan items Actuarial loss $ (2,079 ) Transition asset and prior service benefit 21 Translation (64 ) Total amortization (2,122 ) Income taxes 8 Total changes, net of tax $ (2,114 ) Amount Reclassified Changes in benefit plan items Actuarial income $ 16 Transition asset and prior service benefit 336 Plan merger remeasurement adjustment (1,115 ) MMTM adjustment 2,430 Translation 6 Total amortization 1,673 Income taxes 108 Total changes, net of tax $ 1,781

Note K - Business Segments an_2

Note K - Business Segments and Foreign Operations (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Revenue from External Customers by Products and Services [Table Text Block]	2024 2023 Industrial $ 25,668 $ 29,775 Land-based transmissions 78,518 73,048 Marine and propulsion systems 171,766 147,825 Other 19,175 26,312 Total $ 295,127 $ 276,960 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 23,656 $ 5,163 $ (3,151 ) $ 25,668 Land-based transmissions 71,464 40,693 (33,639 ) 78,518 Marine and propulsion systems 152,855 86,202 (67,291 ) 171,766 Other 2,958 16,862 (645 ) 19,175 Total $ 250,933 $ 148,920 $ (104,726 ) $ 295,127 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 28,445 $ 6,162 $ (4,832 ) $ 29,775 Land-based transmissions 69,411 29,787 (26,150 ) 73,048 Marine and propulsion systems 136,992 67,033 (56,200 ) 147,825 Other 9,242 18,982 (1,912 ) 26,312 Total $ 244,090 $ 121,964 $ (89,094 ) $ 276,960
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2024 Manufacturing Distribution Total Net Sales $ 250,933 $ 148,920 $ 399,853 Intra-segment sales 6,974 15,661 22,635 Inter-segment sales 77,978 4,113 82,091 Interest income 335 344 679 Interest expense 1,987 11 1,998 Income taxes 890 2,519 3,409 Depreciation and amortization 8,606 341 8,947 Net income attributable to Twin Disc 24,587 7,250 31,837 Assets 443,149 73,033 516,182 Expenditures for segment assets 7,305 730 8,035 2023 Manufacturing Distribution Total Net Sales $ 244,090 $ 121,964 $ 366,054 Intra-segment sales 9,258 12,779 22,037 Inter-segment sales 60,858 6,199 67,057 Interest income 879 256 1,135 Interest expense 3,297 3 3,300 Income taxes 2,722 1,585 4,307 Depreciation and amortization 8,572 295 8,867 Net income attributable to Twin Disc 22,964 6,839 29,803 Assets 381,668 69,213 450,881 Expenditures for segment assets 5,336 374 5,710
Reconciliation of Revenue and Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	2024 2023 Net sales: Total net sales from reportable segments $ 399,853 $ 366,054 Elimination of inter-company sales (104,726 ) (89,094 ) Total consolidated net sales $ 295,127 $ 276,960 Net income attributable to Twin Disc, Incorporated: Total net income from reportable segments $ 31,837 $ 29,803 Other adjustments and corporate expenses (20,849 ) (19,423 ) Total consolidated net income attributable to Twin Disc $ 10,988 $ 10,380
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]	Segment Consolidated Totals Adjustments Totals 2024 Interest income $ 679 $ (615 ) $ 64 Interest expense 1,998 (555 ) 1,443 Income taxes 3,409 712 4,121 Depreciation and amortization 8,947 1,034 9,981 Assets 516,182 (204,124 ) 312,058 Expenditures for segment assets 8,035 672 8,707 2023 Interest income $ 1,135 $ (1,102 ) $ 33 Interest expense 3,301 (1,048 ) 2,253 Income taxes 4,307 (519 ) 3,788 Depreciation and amortization 8,868 491 9,359 Assets 450,881 (161,700 ) 289,181 Expenditures for segment assets 5,710 2,208 7,918
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Net sales 2024 2023 United States $ 79,823 $ 98,108 Netherlands 46,162 33,845 China 45,527 29,996 Australia 17,790 22,339 Italy 16,814 19,671 Other countries 89,011 73,001 Total $ 295,127 $ 276,960 Long-lived assets 2024 2023 United States $ 39,475 $ 31,628 Netherlands 10,270 10,396 Finland 14,362 - Belgium 5,746 6,160 Italy 1,356 1,372 Switzerland 1,093 619 Other countries 5,100 4,419 Total $ 77,402 $ 54,594

Note L - Stock-based Compensa_2

Note L - Stock-based Compensation (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule Of Share-based Compensation Shares Available For Future Options [Table Text Block]	2024 2023 2020 Directors' Plan 521,550 560,531 2021 LTI Plan 41,439 233,270

Note N - Pension and Other Po_2

Note N - Pension and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Year Ended June 30 Pension Benefits Other Postretirement Benefits Components of net periodic benefit income: 2024 2023 2024 2023 Service cost $ 373 $ 338 $ 8 $ 10 Interest cost 3,609 3,570 191 213 Prior service cost - 20 - - Expected return on plan assets (4,283 ) (4,240 ) - - Amortization of transition obligation 38 38 - - Amortization of prior service cost (benefit) 35 (100 ) (708 ) (314 ) Amortization of actuarial net loss 65 2,451 - - Modified mark-to market effect - (2,428 ) - - Net periodic benefit income $ (163 ) $ (351 ) $ (509 ) $ (91 ) Pension Benefits 2024 2023 Service cost $ 373 $ 338 Interest cost 3,609 3,570 Prior service cost - 20 Expected return on plan assets (4,283 ) (4,240 ) Amortization of transition obligation 38 38 Amortization of prior service cost (benefit) 35 (100 ) Amortization of actuarial net loss 65 23 Net periodic benefit income $ (163 ) $ (351 ) Other Postretirement Benefits 2024 2023 Service cost $ 8 $ 10 Interest cost 191 213 Amortization of prior service benefit (708 ) (314 ) Net periodic benefit income $ (509 ) $ (91 )
Schedule of Net Funded Status [Table Text Block]	Other Pension Postretirement Benefits Benefits 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation, beginning of year $ 72,242 $ 79,549 $ 3,685 $ 4,785 Service cost 373 340 8 10 Interest cost 3,609 3,571 191 213 Prior service cost - 20 - - Actuarial loss (gain) 254 (3,361 ) (166 ) (633 ) Contributions by plan participants 116 112 - - Benefits paid (8,484 ) (7,989 ) (549 ) (690 ) Benefit obligation, end of year $ 68,110 $ 72,242 $ 3,169 $ 3,685 Change in plan assets: Fair value of assets, beginning of year $ 67,338 $ 73,338 $ - $ - Actual return on plan assets 3,101 1,141 - - Employer contribution 589 736 549 690 Contributions by plan participants 116 112 - - Benefits paid (8,484 ) (7,989 ) (549 ) (690 ) Fair value of assets, end of year $ 62,660 $ 67,338 $ - $ - Funded status $ (5,450 ) $ (4,904 ) $ (3,169 ) $ (3,685 ) Amounts recognized in the balance sheet consist of: Other assets - noncurrent $ - $ 28 $ - $ - Accrued liabilities - current (260 ) (308 ) (505 ) (701 ) Accrued retirement benefits - noncurrent (5,190 ) (4,624 ) (2,664 ) (2,984 ) Net amount recognized $ (5,450 ) $ (4,904 ) $ (3,169 ) $ (3,685 ) Amounts recognized in accumulated other comprehensive loss consist of (net of tax): Net transition obligation $ 53 $ 83 $ - $ - Prior service benefit (145 ) (42 ) - (67 ) Actuarial net loss (gain) 8,768 7,064 (614 ) (1,090 ) Net amount recognized $ 8,676 $ 7,105 $ (614 ) $ (1,157 )
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]	Other Pension Postretirement Benefits Benefits Net transition obligation $ 96 $ - Prior service benefit (32 ) - Actuarial net loss (gain) 239 (262 ) Net amount to be recognized $ 303 $ (262 )
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block]	June 30 2024 2023 Projected and accumulated benefit obligation $ 64,286 $ 67,808 Fair value of plan assets 58,839 62,876
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Other Postretirement Pension Benefits Net loss (income) $ 1,656 $ (165 ) Amortization of transition asset (38 ) - Amortization of prior service (benefit) cost (34 ) 88 Amortization of net (income) loss (64 ) 620 Total recognized in other comprehensive loss 1,520 543 Net periodic benefit income (163 ) (509 ) Total recognized in net periodic benefit income and other comprehensive loss $ 1,357 $ 34 Other Postretirement Pension Benefits Net income $ (307 ) $ (633 ) Amortization of transition asset (38 ) - Amortization of prior service cost 99 275 Amortization of net (income) loss (23 ) 39 Total recognized in other comprehensive income (269 ) (319 ) Net periodic benefit income (351 ) (91 ) Total recognized in net periodic benefit income and other comprehensive income $ (620 ) $ (410 )
Defined Benefit Plan, Assumptions [Table Text Block]	Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine benefit obligations at June 30 2024 2023 2024 2023 Discount rate 5.25 % 5.29 % 5.66 % 5.74 % Expected return on plan assets 6.54 % 6.65 % Other Pension Benefits Postretirement Benefits Weighted average assumptions used to determine net periodic benefit costs for years ended June 30 2024 2023 2024 2023 Discount rate 5.07 % 5.02 % 5.74 % 4.83 % Expected return on plan assets 6.47 % 6.42 %
Schedule of Plan Weighted Average Assets Allocations [Table Text Block]	Target June 30 Asset Category Allocation 2024 2023 Equity securities 38% 19% 40% Debt securities 55% 71% 49% Real estate 7% 10% 11% 100% 100% 100%
Schedule of Allocation of Plan Assets [Table Text Block]	Total Level I Level II Level III Cash and cash equivalents $ 647 $ 647 $ - $ - Equity securities: Company common stock (a) 1,157 1,157 - - Common stock (a) 1,479 1,479 - - Mutual funds (b) 4,261 4,261 - - Annuity contracts (c) 6,264 - - 6,264 Total $ 13,808 $ 7,544 $ - $ 6,264 Investments Measured at Net Asset Value (d) 48,852 Total $ 62,660 Total Level I Level II Level III Cash and cash equivalents $ 858 $ 858 $ - $ - Equity securities: Company common stock (a) 1,106 1,106 - - Common stock (a) 9,590 9,590 - - Mutual funds (b) 3,112 3,112 - - Annuity contracts (c) 6,688 - - 6,688 Total $ 21,354 $ 14,666 $ - $ 6,688 Investments Measured at Net Asset Value (d) 45,984 Total $ 67,338 2024 2023 Fixed income funds $ 35,089 $ 29,057 International equity securities 1,808 2,251 Real estate 5,209 6,315 Hedged equity mutual funds 6,746 8,361 Total $ 48,852 $ 45,984
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	2024 2023 Beginning balance $ 6,688 $ 6,302 Actual return on plan assets: Relating to assets still held at reporting date 605 184 Purchases, sales and settlements, net (1,029 ) 203 Ending balance $ 6,264 $ 6,688
Schedule of Expected Benefit Payments [Table Text Block]	Other Pension Postretirement Benefits Benefits 2025 $ 7,593 $ 519 2026 6,910 467 2027 6,805 431 2028 6,769 396 2029 6,061 356 Years 2029 - 2033 30,967 1,234

Note O - Income Taxes (Tables)

Note O - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	2024 2023 United States $ (6,213 ) $ 683 Foreign 21,580 13,782 $ 15,367 $ 14,465
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2024 2023 Currently payable: Federal $ 7 $ 72 State 66 (5 ) Foreign 4,608 4,355 4,681 4,422 Deferred: Federal $ 10 $ - State (2 ) (47 ) Foreign (568 ) (587 ) (560 ) (634 ) $ 4,121 $ 3,788
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2024 2023 Deferred tax assets: Retirement plans and employee benefits $ 4,683 $ 4,234 Foreign tax credit carryforwards 8,347 7,983 Federal tax credits, net of ASU 2013-11 1,683 1,724 State net operating loss and other state creditcarryforwards, net of ASU 2013-11 2,226 2,143 Federal net operating loss 4,042 4,489 Reserves 931 774 Inventories 93 - Research & experimental expenditure capitalization 816 588 Foreign net operating loss carryforwards 52 - Accruals 1,081 936 Right of use assets - operating leases 4,038 3,501 Disallowed interest 1,384 1,062 Capital loss carryforward 108 108 Translation adjustment 565 494 Other assets 108 115 30,157 28,151 Valuation allowance (24,035 ) (22,345 ) $ 6,122 $ 5,806 Deferred tax liabilities: Inventories - 96 Property, plant and equipment 673 850 Intangible assets 1,010 1,561 Long term operating lease obligations 4,034 3,427 Hedging 445 435 Step-up on fair value adjustment 2,530 - Other liabilities 431 473 9,123 6,842 Total net deferred tax liabilities $ (3,001 ) $ (1,036 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2024 2023 U.S. federal income tax at 21 $ 3,227 $ 3,038 Increases (reductions) in tax resulting from: US Foreign inclusion items 463 67 Foreign rate differences 555 739 Foreign permanent items 127 20 Foreign prior period adjustments 118 166 Foreign other 3 (90 ) Foreign bargain purchase gain (782 ) - Foreign tax ruling (786 ) - Foreign uncollectible tax receivable 238 - State taxes (144 ) 69 Change in prior year estimate 96 (113 ) Research & development tax credits (47 ) (127 ) Foreign tax credits (480 ) - Unrecognized tax benefits 3 64 Stock compensation (445 ) (13 ) Rate changes - (39 ) Deferred tax basis adjustments 132 41 Executive compensation 471 219 GILTI Inclusion - 97 FDII Deduction - - Valuation Allowance 1,110 (426 ) Other, net 262 76 $ 4,121 $ 3,788
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	2024 2023 Unrecognized tax benefits, beginning of year $ 774 $ 716 Additions based on tax positions related to the prior year - 22 Additions based on tax positions related to the current year 8 36 Reductions based on tax positions related to the prior year (16 ) - Subtractions due to statues closing - - Settlements with taxing authorities - - Unrecognized tax benefits, end of year $ 766 $ 774

Note R - Earnings Per Share (Ta

Note R - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2024 2023 Basic: Net income $ 11,246 $ 10,677 Less: Net earnings attributable to noncontrolling interest (258 ) (297 ) Less: Undistributed earnings attributable to unvested shares - - Net income attributable to Twin Disc, Incorporated 10,988 10,380 Weighted average shares outstanding - basic 13,683 13,468 Basic Income Per Share: Net income per share - basic $ 0.80 $ 0.77 Diluted: Net income $ 11,246 $ 10,677 Less: Net earnings attributable to noncontrolling interest (258 ) (297 ) Less: Undistributed earnings attributable to unvested shares - - Net income attributable to Twin Disc, Incorporated 10,988 10,380 Weighted average shares outstanding - basic 13,683 13,468 Effect of dilutive stock awards 194 343 Weighted average shares outstanding - diluted 13,877 13,811 Diluted Income Per Share: Net income per share - diluted $ 0.79 $ 0.75

Note S - Derivative Financial_2

Note S - Derivative Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Balance Sheet Location 2024 2023 Derivatives designated as hedges: Interest rate swaps Other current assets $ 218 $ 292 Interest rate swaps Other noncurrent assets 76 187
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Statement of Operations and Comprehensive Income Location 2024 2023 Derivatives designated as hedges: Interest rate swap Interest expense $ 262 $ 311 Interest rate swap Unrealized (loss) gain on hedges (184 ) 332 Net investment hedge Unrealized gain (loss) on hedges 230 (278 )

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2024
Notes Tables
Valuation Allowances and Reserves [Table Text Block]	Balance at Charged to Balance at Beginning Costs and End of Description of Period Expenses Adjustments (1) Period 2024 Allowance for credit losses on accounts receivable $ 1,221 $ 240 $ 78 $ 1,383 Reserve for inventory obsolescence $ 12,858 $ 2,331 $ 2,496 $ 12,693 Deferred tax valuation allowance $ 22,345 $ - $ (1,690 ) $ 24,035 2023 Allowance for credit losses on accounts receivable $ 1,741 $ 140 $ 660 $ 1,221 Reserve for inventory obsolescence $ 11,557 $ 1,740 $ 439 $ 12,858 Deferred tax valuation allowance $ 23,097 $ - $ 752 $ 22,345

Note A - Description of Busin_3

Note A - Description of Business and Summary of Significant Accounting Policies (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	May 31, 2024
Gain (Loss), Foreign Currency Transaction, before Tax	$ (377)	$ (373)
Accounts Receivable, Allowance for Credit Loss	$ 1,383	1,221
Impairment of Long-Lived Assets to be Disposed of		4,100
Permanently Idled, Number of Facilities	1
Property, Plant and Equipment, Net	$ 58,074	$ 38,650
Number of Operating Segments	2
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years
Permanently Idled [Member]
Property, Plant and Equipment, Net	$ 3,000
Katsa Oy [Member]
Business Acquisition, Percentage of Voting Interests Acquired			100%

Note A - Description of Busin_4

Note A - Description of Business and Summary of Significant Accounting Policies - Contract with Customer Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Contract with customer asset	$ 52,207	$ 54,760	$ 45,452
Contract with customer liability	$ 26,540	$ 22,937	$ 17,021

Note B - Acquisition of Katsa_3

Note B - Acquisition of Katsa Oy (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	May 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Business Combination, Bargain Purchase, Gain Recognized, Amount		$ 3,724	$ 0
Katsa Oy [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100%
Payments to Acquire Businesses, Net of Adjustments	$ 25,500
Business Acquisition, Transaction Costs	400	600
Business Combination, Acquisition Related Costs	700
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	29,600
Business Combination, Consideration Transferred	25,900
Business Combination, Bargain Purchase, Gain Recognized, Amount	3,700	$ 3,724	$ 0
Business Combination, Income Tax Incurred	2,500
Katsa Oy [Member] | BMO [Member] | The Tenth Amendment [Member] | Revolving Credit Facility [Member]
Business Combination, Consideration Transferred, Liabilities Incurred	$ 16,900

Note B - Acquisition of Katsa_4

Note B - Acquisition of Katsa Oy - Schedule of Business Acquisitions (Details) - USD ($) $ in Thousands		12 Months Ended
	May 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Gain on bargain purchase		$ 3,724	$ 0
Katsa Oy [Member]
Cash purchase price	$ 25,100
Final working capital adjustment	800
Total consideration	25,900
Cash	2,700
Trade accounts receivable, net	7,400
Inventories, net	10,600
Prepaid expenses	300
Other	800
Property, plant and equipment, net	13,900
Right-of-use operating lease assets	500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	3,400
Total assets acquired	39,600
Accounts payable	1,800
Accrued liabilities	5,300
Lease obligations	400
Deferred income taxes	2,500
Total liabilities assumed	10,000
Total identified net assets acquired (in millions):	29,600
Gain on bargain purchase	3,700	$ 3,724	$ 0
Purchase price consideration	$ 25,900

Note B - Acquisition of Katsa_5

Note B - Acquisition of Katsa Oy - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands		12 Months Ended
	May 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Gain on bargain purchase		$ 3,724	$ 0
Katsa Oy [Member]
Cash	$ 2,700
Trade accounts receivable, net	7,400
Inventory	10,600
Prepaid expenses	300
Other	800
Property, plant and equipment, net	13,900
Right-of-use operating lease assets	500
Intangible assets, net	3,400
Accounts payable	1,800
Accrued liabilities	5,300
Lease obligations	400
Deferred income taxes	2,500
Total identified net assets acquired (in millions):	29,600
Gain on bargain purchase	3,700	$ 3,724	$ 0
Purchase price consideration	$ 25,900

Note B - Acquisition of Katsa_6

Note B - Acquisition of Katsa Oy - Schedule of Inventory (Details) - Katsa Oy [Member] $ in Millions	May 31, 2024 USD ($)
Inventories, net	$ 10.6
Inventory	10.6
Inventories at book value	9.8
Step-up	0.8
Raw Materials [Member]
Inventories, net	4.5
Inventory	4.5
Work in Progress [Member]
Inventories, net	2.8
Inventory	2.8
Finished Goods [Member]
Inventories, net	3.3
Inventory	$ 3.3

Note B - Acquisition of Katsa_7

Note B - Acquisition of Katsa Oy - Schedule of Property, Plant and Equipment (Details) - Katsa Oy [Member] $ in Millions	May 31, 2024 USD ($)
Buildings	$ 13.9
Property, plant and equipment, net	13.9
Property, plant and equipment at book value	5.3
Step-up	8.6
Building [Member]
Buildings	7.6
Property, plant and equipment, net	7.6
Land [Member]
Buildings	0.9
Property, plant and equipment, net	0.9
Equipment [Member]
Buildings	5.4
Property, plant and equipment, net	$ 5.4

Note B - Acquisition of Katsa_8

Note B - Acquisition of Katsa Oy - Schedule of Intangible Assets (Details) - USD ($) $ in Millions		12 Months Ended
	May 31, 2024	Jun. 30, 2024
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)		6 years
Katsa Oy [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 3.4
Katsa Oy [Member] | Customer Relationships [Member]
Intangible Assets	$ 1.5
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	12 years
Katsa Oy [Member] | Trade Names [Member]
Intangible Assets	$ 0.9
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	10 years
Katsa Oy [Member] | Technology Know-How [Member]
Intangible Assets	$ 1
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	7 years

Note C - Inventories (Details T

Note C - Inventories (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 29, 2023	Sep. 29, 2023	Jun. 30, 2024	Jun. 30, 2023
Percentage of LIFO Inventory			31%	33%
Excess of Replacement or Current Costs over Stated LIFO Value			$ 30,680	$ 30,646
Effect of LIFO Inventory Liquidation on Income			1,553	3,685
Inventory Valuation Reserves			$ 12,693	$ 12,858
Boat Management System Product Line [Member]
Inventory Write-down		$ 2,100
Boat Management System Product Line [Member] | UNITED STATES
Inventory Write-down	$ 1,600

Note C - Inventories - Inventor

Note C - Inventories - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Finished parts	$ 60,166	$ 66,956
Work in process	23,096	23,374
Raw materials	47,222	41,600
Total inventories	$ 130,484	$ 131,930

Note D - Property, Plant and _3

Note D - Property, Plant and Equipment (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 5,210	$ 4,427
Depreciation	$ 6,707	6,400
Permanently Idled, Number of Facilities	1
Property, Plant and Equipment, Net	$ 58,074	38,650
Tangible Asset Impairment Charges	0	$ 0
Permanently Idled [Member]
Property, Plant and Equipment, Net	$ 3,000

Note D - Property, Plant and _4

Note D - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Land	$ 3,062	$ 2,148
Buildings	44,833	26,349
Machinery and equipment	189,913	148,088
Property, plant and Equipment, Gross	237,808	176,585
Less: accumulated depreciation	(179,734)	(137,935)
Property, plant and Equipment, Net	$ 58,074	$ 38,650

Note E - Intangible Assets (Det

Note E - Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	May 31, 2024
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	6 years
Amortization of Intangible Assets	$ 3,273	$ 2,959
Katsa Oy [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 3,400

Note E - Intangible Assets - In

Note E - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Balance, Definite Intangible Assets Gross Carrying Amount	$ 31,925	$ 39,845
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(19,288)	(26,835)
Balance at June 30, Definite Intangible Assets Net Book Value	12,637	13,010
Addition, Definite Intangible Assets Gross Carrying Amount	3,488	2,204
Addition, Definite Intangible Assets Net Book Value	3,488	2,204
Reduction, Definite Intangible Assets Gross Carrying Amount	(714)	(10,506)
Reduction, Definite Intangible Assets Accumulated Amortization/Impairment	714	10,506
Amortization, Intangible Asset	(3,273)	(2,959)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount	166	382
Translation adjustment, Definite Intangible Assets Net Book Value	(166)	382
Amortization, Intangible Asset	(3,273)	(2,959)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount	(166)	(382)
Balance, Definite Intangible Assets Gross Carrying Amount	34,533	31,925
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(21,847)	(19,288)
Balance at June 30, Definite Intangible Assets Net Book Value	12,686	12,637
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	6,553	7,636
Addition, Definite Intangible Assets Net Book Value	1,519	0
Amortization, Intangible Asset	(1,245)	(1,340)
Translation adjustment, Definite Intangible Assets Net Book Value	(107)	257
Amortization, Intangible Asset	(1,245)	(1,340)
Balance at June 30, Definite Intangible Assets Net Book Value	6,720	6,553
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	2,422	3,238
Addition, Definite Intangible Assets Net Book Value	987	0
Amortization, Intangible Asset	(1,280)	(1,202)
Translation adjustment, Definite Intangible Assets Net Book Value	(31)	386
Amortization, Intangible Asset	(1,280)	(1,202)
Balance at June 30, Definite Intangible Assets Net Book Value	2,098	2,422
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	668	972
Addition, Definite Intangible Assets Net Book Value	857	0
Amortization, Intangible Asset	0	(39)
Translation adjustment, Definite Intangible Assets Net Book Value	(14)	(265)
Amortization, Intangible Asset	0	(39)
Balance at June 30, Definite Intangible Assets Net Book Value	1,511	668
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value	2,994	1,164
Addition, Definite Intangible Assets Net Book Value	125	2,204
Amortization, Intangible Asset	(748)	(378)
Translation adjustment, Definite Intangible Assets Net Book Value	(14)	4
Amortization, Intangible Asset	(748)	(378)
Balance at June 30, Definite Intangible Assets Net Book Value	$ 2,357	$ 2,994

Note E - Intangible Assets - Es

Note E - Intangible Assets - Estimated Intangibles Amortization Expense (Details) $ in Thousands	Jun. 30, 2024 USD ($)
2025	$ 3,476
2026	2,530
2027	2,000
2028	1,642
2029	1,350
Thereafter	$ 1,688

Note F - Accrued Liabilities -

Note F - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Contract with customer liability	$ 26,540	$ 22,937	$ 17,021
Salaries and wages	14,186	10,102
Warranty	3,341	2,970
Distributor rebates	3,931	3,620
Retirement benefits	1,831	1,693
Other	15,101	20,264
Accrued Liabilities, Current	$ 64,930	$ 61,586

Note G - Warranty (Details Text

Note G - Warranty (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Product Warranty Accrual, Current	$ 3,341	$ 2,970
Product Warranty Accrual, Noncurrent	$ 879	$ 506
Minimum [Member]
Warranty Period (Month)	12 months
Maximum [Member]
Warranty Period (Month)	24 months

Note G - Warranty - Warranty (D

Note G - Warranty - Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reserve balance, July 1	$ 3,476	$ 3,329
Current period expense and adjustments	5,850	2,451
Payments or credits to customers	(5,102)	(2,268)
Translation adjustment	(4)	(36)
Reserve balance, June 30	$ 4,220	$ 3,476

Note H - Debt (Details Textual)

Note H - Debt (Details Textual) $ in Thousands			12 Months Ended
	Apr. 01, 2024 USD ($)	Apr. 17, 2020 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2021 USD ($)	Jul. 01, 2025 USD ($)	Jan. 01, 2025	May 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 29, 2018 USD ($)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount			$ 9,500					$ 20,000
Katsa Oy [Member]
Business Acquisition, Transaction Costs			600				$ 400
Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 1,053					$ 1,057
Debt, Weighted Average Interest Rate			5.14%					5.10%
Paycheck Protection Program CARES Act [Member] | Promissory Note [Member]
Proceeds from Issuance of Long-Term Debt		$ 8,200
Gain (Loss) on Extinguishment of Debt				$ 8,200
BMO [Member] | The 2018 Credit Agreement [Member]
Debt Instrument, Percentage of Equity Interest in Domestic Subsidiaries Pledged			100%
Debt Instrument, Percentage of Equity Interest in Foreign Subsidiaries Pledged			65%
Debt Instrument, Debt Default, Percentage of Letter of Credit Obligations Required to Cash Collateralize			105%
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity			$ 20,000
Debt Instrument, Periodic Payment, Total			$ 500
Debt Instrument, Interest Rate During Period			6.97%
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			5.67%
Line of Credit Facility, Current Borrowing Capacity			$ 42,813
Line of Credit Facility, Remaining Borrowing Capacity			26,525
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Maximum Cash Dividends	$ 5,000
BMO [Member] | The Tenth Amendment [Member]
Debt Instrument, Covenant, Maximum Cash Dividends	$ 5,000
BMO [Member] | The Tenth Amendment [Member] | Term Loan [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.625%
BMO [Member] | The Tenth Amendment [Member] | Term Loan [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.125%
BMO [Member] | The Tenth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.30%
BMO [Member] | The Tenth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.15%
BMO [Member] | The Tenth Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 45,000
Debt Instrument, Borrowing Base, Percentage of Receivables	85%
Debt Instrument, Borrowing Base Two	$ 35,000
Debt Instrument, Borrowing Base, Percentage of Receivables Two	60%
BMO [Member] | The Tenth Amendment [Member] | Revolving Credit Facility [Member] | Forecast [Member]
Debt Instrument, Borrowing Base Two					$ 32,500
Debt Instrument, Borrowing Base, Percentage of Receivables Two					50%	55%
BMO [Member] | The Tenth Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.50%
BMO [Member] | The Tenth Amendment [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2%
Debt Instrument, Borrowing Base, Percentage of Receivables	50%
Debt Instrument, Borrowing Base	$ 30,000
BMO [Member] | The Ninth Amendment [Member]
Debt Instrument, Covenant, Maximum Cash Dividends	$ 3,000
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]
Debt Instrument, Basis Spread on Variable Rate	2.875%		3.625%
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.375%		2.125%
BMO [Member] | The Ninth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.15%		0.30%
BMO [Member] | The Ninth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.10%		0.15%
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]
Debt Instrument, Basis Spread on Variable Rate	2.75%		3.50%
Fixed Charge Coverage Ratio			1.1
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%		2%
Total Funded Debt To EBITDA Allowable Ratio			3.5

Note H - Debt - Schedule of Lon

Note H - Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Long-term debt	$ 25,811	$ 18,627
Less: current maturities	(2,000)	(2,010)
Total long-term debt	23,811	16,617
Revolving Loan [Member]
Long-term debt	16,288	7,094
Term Loan [Member]
Long-term debt	9,500	11,500
Other Long-Term Debt [Member]
Long-term debt	$ 23	$ 33

Note H - Debt - Schedule of Mat

Note H - Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
2025	$ 2,000
2026	2,000
2027	21,788
2028	0
2029	0
Thereafter	23
Long-Term Debt	$ 25,811	$ 18,627

Note I - Lease Obligations - Co

Note I - Lease Obligations - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Operating lease right-of-use assets	$ 16,622	$ 13,133
Finance lease right-of-use assets	5,210	4,427
Operating lease liabilities	2,352	2,343
Operating lease liabilities	14,376	10,811
Finance lease liabilities	882	643
Finance lease liabilities	$ 4,795	$ 4,314

Note I - Lease Obligations - _2

Note I - Lease Obligations - Consolidated Balance Sheet (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Assets [Abstract]
Operating Lease, Right-of-Use Asset	$ 16,622	$ 13,133
Property, Plant and Equipment, Net	58,074	38,650
Liabilities, Current [Abstract]
Accrued Liabilities, Current	64,930	61,586
Liabilities, Noncurrent [Abstract]
Operating Lease, Liability, Noncurrent	14,376	10,811
Other Liabilities, Noncurrent	$ 6,107	$ 5,253
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Operating Lease, Right-of-Use Asset	Operating Lease, Right-of-Use Asset
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Operating Lease, Liability, Noncurrent	Operating Lease, Liability, Noncurrent
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Note I - Lease Obligations - Ot

Note I - Lease Obligations - Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating cash flows from operating leases	$ 3,447	$ 3,282
Operating cash flows from finance leases	308	267
Financing cash flows from finance leases	921	621
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	6,069	2,917
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 1,383	$ 522
Weighted average remaining lease term (years): Operating leases (Year)	8 years 4 months 24 days	8 years 9 months 18 days
Weighted average remaining lease term (years): Finance lease (Year)	8 years 8 months 12 days	11 years 3 months 18 days
Weighted average discount rate: Operating leases	8.30%	7.20%
Weighted average discount rate: Finance leases	6.20%	5.20%

Note I - Lease Obligations - Fu

Note I - Lease Obligations - Future Minimum Rental Commitments Under Noncancelable Leases (Details) $ in Thousands	Jun. 30, 2024 USD ($)
2025, Operating Leases	$ 3,789
2025, Finance Leases	1,039
2026, Operating Leases	3,197
2026, Finance Leases	988
2027, Operating Leases	2,816
2027, Finance Leases	918
2028, Operating Leases	2,270
2028, Finance Leases	820
2029, Operating Leases	2,201
2029, Finance Leases	619
Thereafter, Operating Leases	9,724
Thereafter, Finance Leases	2,791
Total future lease payments, Operating Leases	23,997
Total future lease payments, Finance Leases	7,175
Less: Amount representing interest, Operating Leases	(7,269)
Less: Amount representing interest, Finance Leases	(1,497)
Present value of future payments, Operating Leases	16,728
Present value of future payments, Finance Leases	$ 5,678

Note J - Shareholders' Equity_2

Note J - Shareholders' Equity (Details Textual) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Common Stock, Shares, Outstanding (in shares)	13,995,024	13,818,068
Treasury Stock, Common, Shares (in shares)	637,778	814,734
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)	176,956	145,725
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	2,413	0
Treasury Stock, Shares, Acquired (in shares)	0	0
Share Repurchase Program, Remaining Authorized, Number of Shares (in shares)	315,000	315,000
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.12	$ 0
Preferred Stock, Shares Authorized (in shares)	200,000	200,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Capital Shares Reserved for Future Issuance (in shares)	150,000

Note J - Shareholders' Equity -

Note J - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Translation adjustments	$ (849)	$ (1,582)
Benefit plan adjustments, net of income taxes of ($141) and ($133) respectively	(8,062)	(5,948)
Net gain on cash flow hedge derivatives, net of income taxes of ($210) and ($210), respectively	504	688
Net gain on net investment hedge derivatives, net of income taxes of $103 and $103, respectively	1,502	1,272
Accumulated other comprehensive loss	$ (6,905)	$ (5,570)

Note J - Shareholders' Equity_3

Note J - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Benefit plan adjustments, tax	$ (141)	$ (133)
Net loss on cash flow hedge derivatives, income taxes	(210)	(210)
Net gain on net investment hedge derivatives, taxes	$ 103	$ 103

Note J - Shareholders' Equity_4

Note J - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Balance	$ 145,517	$ 131,188
Balance	155,054	145,517
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(1,582)	(2,266)
Other comprehensive loss before reclassifications	733	684
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive income (loss)	733	684
Balance	(849)	(1,582)
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(5,948)	(6,614)
Other comprehensive loss before reclassifications	0	0
Plan merger remeasurement adjustment		(1,115)
Amounts reclassified from accumulated other comprehensive loss	(2,114)	1,781
Net current period other comprehensive income (loss)	(2,114)	666
Balance	(8,062)	(5,948)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	688	356
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	(184)	332
Net current period other comprehensive income (loss)	(184)	332
Balance	504	688
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	1,272	1,550
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	230	(278)
Net current period other comprehensive income (loss)	230	(278)
Balance	$ 1,502	$ 1,272

Note J - Shareholders' Equity_5

Note J - Shareholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Actuarial loss	$ (2,079)
Total amortization	15,367	$ 14,465
Income taxes	4,121	3,788
Net income	11,246	10,677
MMTM adjustment		2,430
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial loss		16
Transition asset and prior service benefit	21	336
Translation	(64)	6
Total amortization	(2,122)	1,673
Income taxes	8	108
Net income	$ (2,114)	1,781
Plan merger remeasurement adjustment		$ (1,115)

Note K - Business Segments an_3

Note K - Business Segments and Foreign Operations (Details Textual)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Number of Reportable Segments	2
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Customers		1
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 1 [Member]
Concentration Risk, Percentage		10%

Note K - Business Segments an_4

Note K - Business Segments and Foreign Operations - Net Sales by Product Group (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net Sales	$ 295,127	$ 276,960
Operating Segments [Member]
Net Sales	399,853	366,054
Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	250,933	244,090
Operating Segments [Member] | Distribution Segment [Member]
Net Sales	148,920	121,964
Intersegment Eliminations [Member]
Net Sales	(104,726)	(89,094)
Industrial [Member]
Net Sales	25,668	29,775
Industrial [Member] | Operating Segments [Member]
Net Sales	25,668	29,775
Industrial [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	23,656	28,445
Industrial [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	5,163	6,162
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(3,151)	(4,832)
Land Based Transmissions [Member]
Net Sales	78,518	73,048
Land Based Transmissions [Member] | Operating Segments [Member]
Net Sales	78,518	73,048
Land Based Transmissions [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	71,464	69,411
Land Based Transmissions [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	40,693	29,787
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(33,639)	(26,150)
Marine and Propulsion Systems [Member]
Net Sales	171,766	147,825
Marine and Propulsion Systems [Member] | Operating Segments [Member]
Net Sales	171,766	147,825
Marine and Propulsion Systems [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	152,855	136,992
Marine and Propulsion Systems [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	86,202	67,033
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(67,291)	(56,200)
Other [Member]
Net Sales	19,175	26,312
Other [Member] | Operating Segments [Member]
Net Sales	19,175	26,312
Other [Member] | Operating Segments [Member] | Manufacturing Segment [Member]
Net Sales	2,958	9,242
Other [Member] | Operating Segments [Member] | Distribution Segment [Member]
Net Sales	16,862	18,982
Other [Member] | Intersegment Eliminations [Member]
Net Sales	$ (645)	$ (1,912)

Note K - Business Segments an_5

Note K - Business Segments and Foreign Operations - Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 295,127	$ 276,960
Intra-segment sales	22,635	22,037
Inter-segment sales	82,091	67,057
Interest income	64	33
Interest expense	1,443	2,253
Income taxes	4,121	3,788
Depreciation and amortization	9,981	9,359
Net income attributable to Twin Disc	10,988	10,380
Assets	312,058	289,181
Expenditures for segment assets	8,707	7,918
Manufacturing Segment [Member]
Intra-segment sales	6,974	9,258
Inter-segment sales	77,978	60,858
Distribution Segment [Member]
Intra-segment sales	15,661	12,779
Inter-segment sales	4,113	6,199
Operating Segments [Member]
Net sales	399,853	366,054
Interest income	679	1,135
Interest expense	1,998	3,301
Income taxes	3,409	4,307
Depreciation and amortization	8,947	8,867
Net income attributable to Twin Disc	31,837	29,803
Assets	516,182	450,881
Expenditures for segment assets	8,035	5,710
Operating Segments [Member] | Manufacturing Segment [Member]
Net sales	250,933	244,090
Interest income	335	879
Interest expense	1,987	3,297
Income taxes	890	2,722
Depreciation and amortization	8,606	8,572
Net income attributable to Twin Disc	24,587	22,964
Assets	443,149	381,668
Expenditures for segment assets	7,305	5,336
Operating Segments [Member] | Distribution Segment [Member]
Net sales	148,920	121,964
Interest income	344	256
Interest expense	11	3
Income taxes	2,519	1,585
Depreciation and amortization	341	295
Net income attributable to Twin Disc	7,250	6,839
Assets	73,033	69,213
Expenditures for segment assets	$ 730	$ 374

Note K - Business Segments an_6

Note K - Business Segments and Foreign Operations - Reconciliation of Reportable Segment Net Sales and Net Earnings to Consolidated Totals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 295,127	$ 276,960
Net earnings attributable to Twin Disc	10,988	10,380
Operating Segments [Member]
Net sales	399,853	366,054
Net earnings attributable to Twin Disc	31,837	29,803
Intersegment Eliminations [Member]
Net sales	(104,726)	(89,094)
Net earnings attributable to Twin Disc	$ (20,849)	$ (19,423)

Note K - Business Segments an_7

Note K - Business Segments and Foreign Operations - Reconciliation of Reportable Segments Other Significant Reconciling Items to Consolidated Totals (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Interest income	$ 64	$ 33
Interest expense	1,443	2,253
Income taxes	4,121	3,788
Depreciation and amortization	9,981	9,359
Assets	312,058	289,181
Expenditures for segment assets	8,707	7,918
Depreciation and amortization		9,359
Operating Segments [Member]
Interest income	679	1,135
Interest expense	1,998	3,301
Income taxes	3,409	4,307
Depreciation and amortization	8,947	8,867
Assets	516,182	450,881
Expenditures for segment assets	8,035	5,710
Depreciation and amortization		8,868
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Interest income	(615)	(1,102)
Interest expense	(555)	(1,048)
Income taxes	712	(519)
Depreciation and amortization	1,034
Assets	(204,124)	(161,700)
Expenditures for segment assets	$ 672	2,208
Depreciation and amortization		$ 491

Note K - Business Segments an_8

Note K - Business Segments and Foreign Operations - Geographic Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 295,127	$ 276,960
Long-lived assets	77,402	54,594
Reportable Geographical Components [Member] | UNITED STATES
Net sales	79,823	98,108
Long-lived assets	39,475	31,628
Reportable Geographical Components [Member] | NETHERLANDS
Net sales	46,162	33,845
Long-lived assets	10,270	10,396
Reportable Geographical Components [Member] | CHINA
Net sales	45,527	29,996
Reportable Geographical Components [Member] | FINLAND
Long-lived assets	14,362	0
Reportable Geographical Components [Member] | AUSTRALIA
Net sales	17,790	22,339
Reportable Geographical Components [Member] | BELGIUM
Long-lived assets	5,746	6,160
Reportable Geographical Components [Member] | ITALY
Net sales	16,814	19,671
Long-lived assets	1,356	1,372
Reportable Geographical Components [Member] | Other Countries [Member]
Net sales	89,011	73,001
Long-lived assets	5,100	4,419
Reportable Geographical Components [Member] | SWITZERLAND
Long-lived assets	$ 1,093	$ 619

Note L - Stock-based Compensa_3

Note L - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	238,698	234,166
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	118,544	179,959
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	2,413	0
Performance Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	119,349	118,131
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, Equity Instruments Other than Options, Nonvested, Number (in shares)	233,861	437,862
Allocated Share-based Compensation Expense (Reversal)	$ 1,648	$ 1,218
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 386	$ 286
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)	$ 11.81
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,327
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1,659
Performance Stock Unit Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	20,900
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	10,500	0
Share-Based Payment Arrangement, Expense	$ 40	$ 0
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	308,564	272,438
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 297	$ 309
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	1,280
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	2,345	1,699
Share-Based Payment Arrangement, Expense	$ 1,265	$ 1,317
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	2,413	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, Number of Shares Authorized (in shares)	144,752
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	7,089	72,376
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	134,989	130,163
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 116	$ 108
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
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 287
Share-Based Payment Arrangement, Expense	$ 496	$ 461
The 2021 Long-Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)			715,000
The 2020 Directors Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)				750,000

Note L - Stock-based Compensa_4

Note L - Stock-based Compensation - Shares Available for Future Options (Details) - Stock Options [Member] - shares	Jun. 30, 2024	Jun. 30, 2023
The 2020 Directors Plan [Member]
Shares Available for Grant (in shares)	521,550	560,531
The 2021 LTI Plan [Member]
Shares Available for Grant (in shares)	41,439	233,270

Note M - Engineering and Deve_2

Note M - Engineering and Development Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Research and Development Expense	$ 2,629	$ 2,458
Engineering and Development Costs	$ 9,843	$ 8,741

Note N - Pension and Other Po_3

Note N - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2021
Defined Benefit Plan, Net Liability Expected Amount	$ 1,500
Defined Benefit Plan, Measured Amount	$ 2,600
Defined Benefit Plan, Cost of Premium for Health Coverage Plan, Percentage	100%
Defined Benefit Plan, Accumulated Benefit Obligation	$ 68,110	$ 72,242
Defined Benefit Plan, Weighted Average Healthcare Cost, Trend Rate	8.30%		5%
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100%	100%
Defined Contribution Plan, Cost	$ 2,447	$ 2,260
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	542
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 519
UNITED STATES
Defined Benefit Plan, Expected Long-term Return on Plan Assets		7%
Common Stock Held by U.S Pension Plans [Member]
Defined Benefit Plan, Plan Assets, Employer, Related Party, Number of Shares (in shares)	98,211	98,211
Defined Benefit Plan, Plan Assets, Employer, Related Party, Amount	$ 1,157	$ 1,106
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	1.80%	1.60%

Note N - Pension and Other Po_4

Note N - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pension Plan [Member]
Service cost	$ 373	$ 338
Interest cost	3,609	3,570
Prior service cost	0	20
Expected return on plan assets	(4,283)	(4,240)
Amortization of transition obligation	38	38
Amortization of prior service cost (benefit)	35	(100)
Amortization of actuarial net loss	65	2,451
Modified mark-to market effect	0	(2,428)
Net periodic benefit income	(163)	(351)
Amortization of actuarial net loss	65	23
Service cost	373	340
Interest cost	3,609	3,571
Other Postretirement Benefits Plan [Member]
Service cost	8	10
Interest cost	191	213
Prior service cost	0	0
Expected return on plan assets	0	0
Amortization of transition obligation	0	0
Amortization of prior service cost (benefit)	(708)	(314)
Amortization of actuarial net loss	0	0
Modified mark-to market effect	0	0
Net periodic benefit income	(509)	(91)
Service cost	8	10
Interest cost	$ 191	$ 213

Note N - Pension and Other Po_5

Note N - Pension and Other Postretirement Benefit Plans - Net Funded Status of Pension and Postretirement Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Actuarial loss (gain)	$ 2,079
Net amount recognized	(8,062)	$ (5,948)
Pension Plan [Member]
Benefit obligation, beginning of year	72,242	79,549
Service cost	373	340
Interest cost	3,609	3,571
Prior service cost	0	20
Actuarial loss (gain)	254	(3,361)
Contributions by plan participants	116	112
Benefits paid	(8,484)	(7,989)
Benefit obligation, end of year	68,110	72,242
Fair value of assets, Balance	67,338	73,338
Actual return on plan assets	3,101	1,141
Employer contribution	589	736
Contributions by plan participants	116	112
Benefits paid	(8,484)	(7,989)
Fair value of assets, Balance	62,660	67,338
Funded status	(5,450)	(4,904)
Other assets - noncurrent	0	28
Accrued liabilities - current	(260)	(308)
Accrued retirement benefits - noncurrent	(5,190)	(4,624)
Net amount recognized	(5,450)	(4,904)
Net transition obligation	53	83
Prior service benefit	(145)	(42)
Actuarial net loss (gain)	8,768	7,064
Net amount recognized	8,676	7,105
Other Postretirement Benefits Plan [Member]
Benefit obligation, beginning of year	3,685	4,785
Service cost	8	10
Interest cost	191	213
Prior service cost	0	0
Actuarial loss (gain)	(166)	(633)
Contributions by plan participants	0	0
Benefits paid	(549)	(690)
Benefit obligation, end of year	3,169	3,685
Fair value of assets, Balance	0	0
Actual return on plan assets	0	0
Employer contribution	549	690
Contributions by plan participants	0	0
Benefits paid	(549)	(690)
Fair value of assets, Balance	0	0
Funded status	(3,169)	(3,685)
Other assets - noncurrent	0	0
Accrued liabilities - current	(505)	(701)
Accrued retirement benefits - noncurrent	(2,664)	(2,984)
Net amount recognized	(3,169)	(3,685)
Net transition obligation	0	0
Prior service benefit	0	(67)
Actuarial net loss (gain)	(614)	(1,090)
Net amount recognized	$ (614)	$ (1,157)

Note N - Pension and Other Po_6

Note N - Pension and Other Postretirement Benefit Plans - Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized Over Next Fiscal Year (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Pension Plan [Member]
Net transition obligation	$ 96
Prior service benefit	(32)
Actuarial net loss (gain)	239
Net amount to be recognized	303
Other Postretirement Benefits Plan [Member]
Net transition obligation	0
Prior service benefit	0
Actuarial net loss (gain)	(262)
Net amount to be recognized	$ (262)

Note N - Pension and Other Po_7

Note N - Pension and Other Postretirement Benefit Plans - Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Projected and accumulated benefit obligation	$ 64,286	$ 67,808
Fair value of plan assets	$ 58,839	$ 62,876

Note N - Pension and Other Po_8

Note N - Pension and Other Postretirement Benefit Plans - Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pension Plan [Member]
Net loss (income)	$ 1,656	$ (307)
Amortization of transition asset	(38)	(38)
Amortization of prior service (benefit) cost	(34)	99
Amortization of net (income) loss	(64)	(23)
Total recognized in other comprehensive loss	1,520	(269)
Net periodic benefit income	(163)	(351)
Total recognized in net periodic benefit income and other comprehensive loss	1,357	(620)
Other Postretirement Benefits Plan [Member]
Net loss (income)	(165)	(633)
Amortization of transition asset	0	0
Amortization of prior service (benefit) cost	88	275
Amortization of net (income) loss	620	39
Total recognized in other comprehensive loss	543	(319)
Net periodic benefit income	(509)	(91)
Total recognized in net periodic benefit income and other comprehensive loss	$ 34	$ (410)

Note N - Pension and Other Po_9

Note N - Pension and Other Postretirement Benefit Plans - Schedule of Assumptions (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pension Plan [Member]
Discount rate	5.25%	5.29%
Expected return on plan assets	6.54%	6.65%
Discount rate	5.07%	5.02%
Expected return on plan assets	6.47%	6.42%
Other Postretirement Benefits Plan [Member]
Discount rate	5.66%	5.74%
Discount rate	5.74%	4.83%

Note N - Pension and Other P_10

Note N - Pension and Other Postretirement Benefit Plans - Pension Plan Weighted-Average Asset Allocations (Details)	Jun. 30, 2024	Jun. 30, 2023
Target Allocation	100%
Actual Allocation	100%	100%
Equity Securities [Member]
Target Allocation	38%
Actual Allocation	19%	40%
Debt Securities [Member]
Target Allocation	55%
Actual Allocation	71%	49%
Real Estate [Member]
Target Allocation	7%
Actual Allocation	10%	11%

Note N - Pension and Other P_11

Note N - Pension and Other Postretirement Benefit Plans - Plan Assets Using Fair Value Hierarchy (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Inputs, Level 3 [Member]
Plan Assets		$ 6,264	$ 6,688	$ 6,302
Pension Plan [Member]
Plan Assets		62,660	67,338	$ 73,338
Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets		13,808	21,354
Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets		7,544	14,666
Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets		0	0
Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets		6,264	6,688
Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets	[1]	48,852	45,984
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets		647	858
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets		647	858
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets		0	0
Cash and Cash Equivalents [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets		0	0
Investments Measured at Net Asset Value, Fixed Income Funds [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		35,089	29,057
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[2]	1,157	1,106
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[2]	1,157	1,106
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[2]	0	0
Company Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[2]	0	0
Investments Measured at Net Asset Value, Equity Securities [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		1,808	2,251
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[2]	1,479	9,590
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[2]	1,479	9,590
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[2]	0	0
Common Stock [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[2]	0	0
Investments Measured at Net Asset Value, Real Estate [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		5,209	6,315
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[3]	4,261	3,112
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[3]	4,261	3,112
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[3]	0	0
Mutual Fund [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[3]	0	0
Investments Measured at Net Asset Value, Hedge Funds [Member] | Pension Plan [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Plan Assets		6,746	8,361
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Plan Assets	[4]	6,264	6,688
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Plan Assets	[4]	0	0
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Plan Assets	[4]	0	0
Annuity Contracts [Member] | Pension Plan [Member] | Fair Value, Inputs, Level 3 [Member]
Plan Assets	[4]	$ 6,264	$ 6,688
[1]In accordance with ASC 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the fair value of plan assets at the end of the year.[2]Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S.[3]Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company’s funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Company’s funded benefit plans are deemed to be actively traded.[4]Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at fair value using the net present value of future cash flows.

Note N - Pension and Other P_12

Note N - Pension and Other Postretirement Benefit Plans - Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair value of assets, Balance	$ 6,688	$ 6,302
Relating to assets still held at reporting date	605	184
Purchases, sales and settlements, net	(1,029)	203
Fair value of assets, Balance	$ 6,264	$ 6,688

Note N - Pension and Other P_13

Note N - Pension and Other Postretirement Benefit Plans - Defined Benefit Plan Estimated Future Benefit Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Pension Plan [Member]
2025	$ 7,593
2026	6,910
2027	6,805
2028	6,769
2029	6,061
Years 2029 - 2033	30,967
Other Postretirement Benefits Plan [Member]
2025	519
2026	467
2027	431
2028	396
2029	356
Years 2029 - 2033	$ 1,234

Note O - Income Taxes (Details

Note O - Income Taxes (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Deferred Tax Assets, Valuation Allowance	$ 24,035	$ 22,345
Undistributed Earnings of Foreign Subsidiaries	20,977	24,612
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	766	774
Unrecognized Tax Benefits, Income Tax Penalties Accrued	68	$ 52
Domestic Tax Jurisdiction [Member]
Operating Loss Carryforwards, Subject to Expiration	19,249
Tax Credit Carryforward, Amount	10,370
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Subject to Expiration	30,536
Tax Credit Carryforward, Amount	$ 1,041

Note O - Income Taxes - Domesti

Note O - Income Taxes - Domestic and Foreign Earnings Before Income Taxes and Minority Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
United States	$ (6,213)	$ 683
Foreign	21,580	13,782
Income before income taxes and noncontrolling interest	$ 15,367	$ 14,465

Note O - Income Taxes - Provisi

Note O - Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Federal	$ 7	$ 72
State	66	(5)
Foreign	4,608	4,355
Current	4,681	4,422
Federal	10	0
State	(2)	(47)
Foreign	(568)	(587)
Deferred	(560)	(634)
Income tax (benefit) expense	$ 4,121	$ 3,788

Note O - Income Taxes - Compone

Note O - Income Taxes - Components of Net Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Retirement plans and employee benefits	$ 4,683	$ 4,234
Foreign tax credit carryforwards	8,347	7,983
Federal tax credits, net of ASU 2013-11	1,683	1,724
State net operating loss and other state creditcarryforwards, net of ASU 2013-11	2,226	2,143
Federal net operating loss	4,042	4,489
Reserves	931	774
Inventories	93	0
Research & experimental expenditure capitalization	816	588
Foreign net operating loss carryforwards	52	0
Accruals	1,081	936
Right of use assets - operating leases	4,038	3,501
Disallowed interest	1,384	1,062
Capital loss carryforward	108	108
Translation adjustment	565	494
Other assets	108	115
Gross deferred tax assets	30,157	28,151
Valuation allowance	(24,035)	(22,345)
Deferred Tax Assets, Net of Valuation Allowance	6,122	5,806
Inventories	0	96
Property, plant and equipment	673	850
Intangible assets	1,010	1,561
Long term operating lease obligations	4,034	3,427
Hedging	445	435
Step-up on fair value adjustment	2,530	0
Other liabilities	431	473
Deferred Tax Liabilities, Gross	9,123	6,842
Total net deferred tax liabilities	$ (3,001)	$ (1,036)

Note O - Income Taxes - Reconci

Note O - Income Taxes - Reconciliation of U.S. Federal Income Taxes to Actual Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
U.S. federal income tax at 21%	$ 3,227	$ 3,038
US Foreign inclusion items	463	67
Foreign rate differences	555	739
Foreign permanent items	127	20
Foreign prior period adjustments	118	166
Foreign other	3	(90)
Foreign bargain purchase gain	(782)	0
Foreign tax ruling	(786)	0
Foreign uncollectible tax receivable	238	0
State taxes	(144)	69
Change in prior year estimate	96	(113)
Research & development tax credits	(47)	(127)
Foreign tax credits	(480)	0
Unrecognized tax benefits	3	64
Stock compensation	(445)	(13)
Rate changes	0	(39)
Deferred tax basis adjustments	132	41
Executive compensation	471	219
GILTI Inclusion	0	97
FDII Deduction	0	0
Valuation Allowance	1,110	(426)
Other, net	262	76
Income tax (benefit) expense	$ 4,121	$ 3,788

Note O - Income Taxes - Recon_2

Note O - Income Taxes - Reconciliation of U.S. Federal Income Taxes to Actual Income Taxes (Details) (Parentheticals)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Federal Income Tax	21%	21%

Note O - Income Taxes - Recon_3

Note O - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unrecognized tax benefits, beginning of year	$ 774	$ 716
Additions based on tax positions related to the prior year	0	22
Additions based on tax positions related to the current year	8	36
Reductions based on tax positions related to the prior year	(16)	0
Subtractions due to statues closing	0	0
Settlements with taxing authorities	0	0
Unrecognized tax benefits, end of year	$ 766	$ 774

Note Q - Assets Held for Sale (

Note Q - Assets Held for Sale (Details Textual) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 29, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023
Proceeds from Sale of Property, Plant, and Equipment				$ 0	$ 7,177
Gain (Loss) on Disposition of Assets				91	$ 4,264
Boat Management System Product Line [Member]
Inventory Write-down	$ 2,100
Boat Management System Product Line [Member]
Proceeds from Sale of Property, Plant, and Equipment	$ 600
Disposal Group, Including Discontinued Operation, Consideration				$ 1,500
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

Note R - Earnings Per Share - C

Note R - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net income	$ 11,246	$ 10,677
Less: Net earnings attributable to noncontrolling interest	(258)	(297)
Less: Undistributed earnings attributable to unvested shares	0	0
Net income attributable to Twin Disc, Incorporated	$ 10,988	$ 10,380
Weighted average shares outstanding - basic (in shares)	13,683	13,468
Basic income per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$ 0.8	$ 0.77
Effect of dilutive stock awards (in shares)	194	343
Weighted average shares outstanding - diluted (in shares)	13,877	13,811
Diluted income per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$ 0.79	$ 0.75

Note S - Derivative Financial_3

Note S - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 EUR (€)
Equity, Including Portion Attributable to Noncontrolling Interest	$ 155,054	$ 145,517	$ 131,188
Cash Flow Hedge Gain (Loss) to be Reclassified within 12 Months	218
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Bank of Montreal [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	504	688
Derivative, Notional Amount	9,500	20,000
Euro Denominated Revolving Loan [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount | €				€ 13.5
Derivative, Gain (Loss) on Derivative, Net	$ (1,502)	$ (1,272)

Note S - Derivative Financial_4

Note S - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Current assets:
Other Assets, Current	$ 8,214	$ 8,326
Assets, Noncurrent [Abstract]
Other assets	$ 2,706	2,811
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other Assets, Current
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other assets
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Interest rate swaps	$ 218	292
Interest rate swaps	$ 76	$ 187

Note S - Derivative Financial_5

Note S - Derivative Financial Instruments - Impact of the Company's Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unrealized gain (loss) on hedges	$ 46	$ 54
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	(184)	332
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	262	311
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	$ 230	$ (278)

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period		$ 1,221	$ 1,741
Charged to Costs and Expenses		240	140
Adjustments		78	660
Balance at End of Period		1,383	1,221
SEC Schedule, 12-09, Reserve, Inventory [Member]
Balance at Beginning of Period		12,858	11,557
Charged to Costs and Expenses		2,331	1,740
Adjustments	[1]	2,496	439
Balance at End of Period		12,693	12,858
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period		22,345	23,097
Charged to Costs and Expenses		0	0
Adjustments	[1]	(1,690)	752
Balance at End of Period		$ 24,035	$ 22,345
[1]Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments).