| Equity [Text Block] |
The Company, from time to time, makes open market purchases of its common stock under authorizations given to it by the Board of Directors, of which 315.0 shares as of March 27, 2026 remain authorized for purchase. The Company did not make any open market purchases of its shares during the quarters ended March 27, 2026 and March 28, 2025.
The following is a reconciliation of the Company’s equity balances for the first three fiscal quarters of 2026 and 2025:
| | | Twin Disc, Inc. Shareholders’ Equity | |
| | | | | | | | | | | Accumulated | | | | | | | | | | | | | |
| | | | | | | | | | | Other | | | | | | | Non- | | | | | |
| | | Common | | | Retained | | | Comprehensive | | | Treasury | | | Controlling | | | Total | |
| | | Stock | | | Earnings | | | Income (Loss) | | | Stock | | | Interest | | | Equity | |
| Balance, June 30, 2025 | | | 42,269 | | | | 125,414 | | | | 3,730 | | | | (7,402 | ) | | | 380 | | | $ | 164,391 | |
| Net income (loss) | | | | | | | (518 | ) | | | | | | | | | | | 106 | | | | (412 | ) |
| Dividends paid to shareholders | | | | | | | (566 | ) | | | | | | | | | | | | | | | (566 | ) |
| Translation adjustments | | | | | | | | | | | (2,516 | ) | | | | | | | 85 | | | | (2,431 | ) |
| Benefit plan adjustments, net of tax | | | | | | | | | | | 632 | | | | | | | | | | | | 632 | |
| Unrealized gain (loss) on hedges, net of tax | | | | | | | | | | | 98 | | | | | | | | | | | | 98 | |
| Compensation expense | | | 862 | | | | | | | | | | | | | | | | | | | | 862 | |
| Stock awards, net | | | (5,318 | ) | | | | | | | | | | | 3,632 | | | | | | | | (1,686 | ) |
| Balance, September 26, 2025 | | | 37,813 | | | | 124,330 | | | | 1,944 | | | | (3,770 | ) | | | 571 | | | | 160,888 | |
| Net income (loss) | | | | | | | 22,371 | | | | | | | | | | | | 107 | | | $ | 22,478 | |
| Dividends paid to shareholders | | | | | | | (571 | ) | | | | | | | | | | | | | | | (571 | ) |
| Translation adjustments | | | | | | | | | | | 1,056 | | | | | | | | (27 | ) | | | 1,029 | |
| Benefit plan adjustments, net of tax | | | | | | | | | | | 640 | | | | | | | | | | | | 640 | |
| Unrealized gain (loss) on hedges, net of tax | | | | | | | | | | | (131 | ) | | | | | | | | | | | (131 | ) |
| Compensation expense | | | 846 | | | | | | | | | | | | | | | | | | | | 846 | |
| Stock awards, net | | | (520 | ) | | | | | | | | | | | 520 | | | | | | | | 0 | |
| Balance, December 26, 2025 | | | 38,139 | | | | 146,130 | | | | 3,509 | | | | (3,250 | ) | | | 651 | | | | 185,179 | |
| Net income (loss) | | | | | | | 3,325 | | | | | | | | | | | | 231 | | | | 3,556 | |
| Dividends paid to shareholders | | | | | | | (580 | ) | | | | | | | | | | | | | | | (580 | ) |
| Translation adjustments | | | | | | | | | | | (3,140 | ) | | | | | | | (20 | ) | | | (3,160 | ) |
| Benefit plan adjustments, net of tax | | | | | | | | | | | 477 | | | | | | | | | | | | 477 | |
| Unrealized gain (loss) on hedges, net of tax | | | | | | | | | | | 294 | | | | | | | | | | | | 294 | |
| Compensation expense | | | 760 | | | | | | | | | | | | | | | | | | | | 760 | |
| Stock awards, net | | | (13 | ) | | | | | | | | | | | 13 | | | | | | | | 0 | |
| Balance, March 27, 2026 | | $ | 38,886 | | | $ | 148,875 | | | $ | 1,140 | | | $ | (3,237 | ) | | $ | 862 | | | $ | 186,526 | |
| | | Twin Disc, Inc. Shareholders’ Equity | |
| | | | | | | | | | | Accumulated | | | | | | | | | | | | | |
| | | | | | | | | | | Other | | | | | | | Non- | | | | | |
| | | Common | | | Retained | | | Comprehensive | | | Treasury | | | Controlling | | | Total | |
| | | Stock | | | Earnings | | | Income (Loss) | | | Stock | | | Interest | | | Equity | |
| Balance, June 30, 2024 | | | 41,798 | | | | 129,592 | | | | (6,905 | ) | | | (9,783 | ) | | | 352 | | | $ | 155,054 | |
| Net income (loss) | | | | | | | (2,765 | ) | | | | | | | | | | | (7 | ) | | | (2,772 | ) |
| Dividends paid to shareholders | | | | | | | (570 | ) | | | | | | | | | | | | | | | (570 | ) |
| Translation adjustments | | | | | | | | | | | 7,148 | | | | | | | | 143 | | | | 7,291 | |
| Benefit plan adjustments, net of tax | | | | | | | | | | | 221 | | | | | | | | | | | | 221 | |
| Unrealized gain (loss) on hedges, net of tax | | | | | | | | | | | (853 | ) | | | | | | | | | | | (853 | ) |
| Compensation expense | | | 1,024 | | | | | | | | | | | | | | | | | | | | 1,024 | |
| Stock awards, net | | | (2,920 | ) | | | | | | | | | | | 1,671 | | | | | | | | (1,249 | ) |
| Balance, September 27, 2024 | | | 39,902 | | | | 126,257 | | | | (389 | ) | | | (8,112 | ) | | | 488 | | | | 158,146 | |
| Net income (loss) | | | | | | | 919 | | | | | | | | | | | | 180 | | | | 1,099 | |
| Dividends paid to shareholders | | | | | | | (566 | ) | | | | | | | | | | | | | | | (566 | ) |
| Translation adjustments | | | | | | | | | | | (11,311 | ) | | | | | | | (58 | ) | | | (11,369 | ) |
| Benefit plan adjustments, net of tax | | | | | | | | | | | (1,668 | ) | | | | | | | | | | | (1,668 | ) |
| Unrealized gain (loss) on hedges, net of tax | | | | | | | | | | | 1,146 | | | | | | | | | | | | 1,146 | |
| Compensation expense | | | 853 | | | | | | | | | | | | | | | | | | | | 853 | |
| Stock awards, net | | | (644 | ) | | | | | | | | | | | 637 | | | | | | | | (7 | ) |
| Balance, December 27, 2024 | | $ | 40,111 | | | $ | 126,610 | | | $ | (12,222 | ) | | $ | (7,475 | ) | | $ | 610 | | | $ | 147,634 | |
| Net income (loss) | | | | | | | (1,472 | ) | | | | | | | | | | | 50 | | | | (1,422 | ) |
| Dividends paid to shareholders | | | | | | | (566 | ) | | | | | | | | | | | | | | | (566 | ) |
| Translation adjustments | | | | | | | | | | | 4,120 | | | | | | | | 32 | | | | 4,152 | |
| Benefit plan adjustments, net of tax | | | | | | | | | | | 201 | | | | | | | | | | | | 201 | |
| Unrealized gain (loss) on cash flow hedge, net of tax | | | | | | | | | | | (653 | ) | | | | | | | | | | | (653 | ) |
| Compensation expense | | | 843 | | | | | | | | | | | | | | | | | | | | 843 | |
| Stock awards, net | | | (27 | ) | | | | | | | | | | | 27 | | | | | | | | - | |
| Balance, March 28, 2025 | | $ | 40,927 | | | $ | 124,572 | | | $ | (8,554 | ) | | $ | (7,448 | ) | | $ | 692 | | | $ | 150,189 | |
Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three quarters ended March 27, 2026 and March 28, 2025 are as follows:
| | | Translation | | | Benefit Plan | | | Cash Flow | | | Net Investment | |
| | | Adjustment | | | Adjustment | | | Hedges | | | Hedges | |
| Balance, June 30, 2025 | | $ | 15,036 | | | $ | (11,461 | ) | | $ | 284 | | | $ | (129 | ) |
| Translation adjustment during the quarter | | | (2,516 | ) | | | - | | | | - | | | | - | |
| Amounts reclassified from accumulated other comprehensive income (loss) | | | | | | | 632 | | | | (31 | ) | | | 129 | |
| Net current period other comprehensive income (loss) | | | (2,516 | ) | | | 632 | | | | (31 | ) | | | 129 | |
| Balance, September 26, 2025 | | | 12,520 | | | | (10,829 | ) | | | 253 | | | | - | |
| Translation adjustment during the quarter | | | 1,056 | | | | - | | | | - | | | | - | |
| Amounts reclassified from accumulated other comprehensive income (loss) | | | - | | | | 640 | | | | (28 | ) | | | (103 | ) |
| Net current period other comprehensive income (loss) | | | 1,056 | | | | 640 | | | | (28 | ) | | | (103 | ) |
| Balance, December 26, 2025 | | | 13,576 | | | | (10,189 | ) | | | 225 | | | | (103 | ) |
| Translation adjustment during the quarter | | | (3,140 | ) | | | - | | | | - | | | | - | |
| Amounts reclassified from accumulated other comprehensive income (loss) | | | - | | | | 477 | | | | (12 | ) | | | 306 | |
| Net current period other comprehensive income (loss) | | | (3,140 | ) | | | 477 | | | | (12 | ) | | | 306 | |
| Balance, March 27, 2026 | | $ | 10,436 | | | $ | (9,712 | ) | | $ | 213 | | | $ | 203 | |
| | | Translation | | | Benefit Plan | | | Cash Flow | | | Net Investment | |
| | | Adjustment | | | Adjustment | | | Hedges | | | Hedges | |
| Balance, June 30, 2024 | | $ | (849 | ) | | $ | (8,062 | ) | | $ | 504 | | | $ | 1,502 | |
| Translation adjustment during the quarter | | | 7,148 | | | | - | | | | - | | | | - | |
| Amounts reclassified from accumulated other comprehensive income (loss) | | | - | | | | 221 | | | | (169 | ) | | | (684 | ) |
| Net current period other comprehensive (loss) income | | | 7,148 | | | | 221 | | | | (169 | ) | | | (684 | ) |
| Balance, September 27, 2024 | | | 6,299 | | | | (7,841 | ) | | | 335 | | | | 818 | |
| Translation adjustment during the quarter | | | (11,311 | ) | | | - | | | | - | | | | - | |
| Return on plan assets | | | - | | | | (1,808 | ) | | | - | | | | - | |
| Amounts reclassified from accumulated other comprehensive income (loss) | | | - | | | | 140 | | | | 24 | | | | 1,122 | |
| Net current period other comprehensive income (loss) | | | (11,311 | ) | | | (1,668 | ) | | | 24 | | | | 1,122 | |
| Balance, December 27, 2024 | | | (5,012 | ) | | | (9,509 | ) | | | 359 | | | | 1,940 | |
| Translation adjustment during the quarter | | | 4,120 | | | | | | | | - | | | | - | |
| Amounts reclassified from accumulated other comprehensive income (loss) | | | - | | | | 201 | | | | (45 | ) | | | (608 | ) |
| Net current period other comprehensive income (loss) | | | 4,120 | | | | 201 | | | | (45 | ) | | | (608 | ) |
| Balance, March 28, 2025 | | $ | (892 | ) | | $ | (9,308 | ) | | $ | 314 | | | $ | 1,332 | |
Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended March 27, 2026 are as follows:
| | | Quarter Ended | | | Three Quarters Ended | |
| | | March 27, 2026 | | | March 27, 2026 | |
| Changes in benefit plan items | | | | | | | | |
| Actuarial losses | | $ | 615 | (a) | | $ | 1,870 | (a) |
| Transition asset and prior service cost (benefit) | | | 8 | (a) | | | 25 | (a) |
| Total amortization | | | 623 | | | | 1,895 | |
| Income taxes | | | (146 | ) | | | (146 | ) |
| Total reclassification, net of tax | | $ | 477 | | | $ | 1,749 | |
Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended March 28, 2025 is as follows:
| | | Quarter Ended | | | Three Quarters Ended | |
| | | March 28, 2025 | | | March 28, 2025 | |
| Changes in benefit plan items | | | | | | | | |
| Actuarial losses (gains) | | $ | 191 | (a) | | $ | 517 | (a) |
| Transition asset and prior service cost (benefit) | | | 15 | (a) | | | 48 | (a) |
| Return of plan assets | | | - | | | | (1,808 | ) |
| Total amortization | | | 206 | | | | (1,243 | ) |
| Income taxes | | | (5 | ) | | | (3 | ) |
| Total reclassification, net of tax | | $ | 201 | | | $ | (1,246 | ) |
| | (a) | These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension benefit cost (gain) (see H, "Pension and Other Postretirement Benefit Plans" for further details). |
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