Note N - Earnings Per Share

9 Months Ended

Mar. 28, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

N.	Earnings Per Share

The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company and are therefore included in computing earnings per share pursuant to the two-class method.

The components of basic and diluted earnings per share were as follows:

		For the Quarter Ended								For the Three Quarters Ended
		March 28, 2025				March 29, 2024				March 28, 2025				March 29, 2024
Basic:
Net (loss) income		$	(1,422	)		$	3,900			$	(3,094	)		$	3,752
Less: Net earnings attributable to noncontrolling interest, net of tax			(50	)			(78	)			(223	)			(173	)
Net (loss) income attributable to Twin Disc, Incorporated			(1,472	)			3,822				(3,317	)			3,579

Weighted average shares outstanding - basic			13,895				13,742				13,841				13,663

Basic (Loss) Income Per Share:
Net (loss) earnings per share - basic		$	(0.11	)		$	0.28			$	(0.24	)		$	0.26

Diluted:
Net (loss) income		$	(1,422	)		$	3,900			$	(3,094	)		$	3,752
Less: Net earnings attributable to noncontrolling interest, net of tax			(50	)			(78	)			(223	)			(173	)
Net (loss) income attributable to Twin Disc, Incorporated			(1,472	)			3,822				(3,317	)			3,579

Weighted average shares outstanding - basic			13,895				13,742				13,841				13,663
Effect of dilutive stock awards			-				162				-				189
Weighted average shares outstanding - diluted			13,895				13,904				13,841				13,852

Diluted (Loss) Income Per Share:
Net (loss) earnings per share - diluted		$	(0.11	)		$	0.27			$	(0.24	)		$	0.26

The following potential common shares were excluded from diluted EPS for the three quarters ended March 28, 2025 as the Company reported a net loss: 404.3 related to the Company’s unvested PSAs, 10.5 related to the Company’s unvested PSAUs, 103.2 related to the Company’s unvested RS awards, and 38.2 related to the Company’s unvested RSUs.