Basic:

Net income (loss)

$

3,556

$

(1,422

)

$

25,622

$

(3,094

)

Less: Net income (loss) attributable to noncontrolling interest, net of tax

231

50

444

223

Net income (loss) attributable to Twin Disc, Incorporated

3,325

(1,472

)

25,178

(3,317

)

Weighted average shares outstanding - basic

14,198

13,895

14,095

13,841

Basic earnings (loss) per share:

Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders

$

0.23

$

(0.11

)

$

1.79

$

(0.24

)

Diluted:

Net income (loss)

$

3,556

$

(1,422

)

$

25,622

$

(3,094

)

Less: Net income (loss) attributable to noncontrolling interest, net of tax

231

50

444

223

Net income (loss) attributable to Twin Disc, Incorporated

3,325

(1,472

)

25,178

(3,317

)

Weighted average shares outstanding - basic

14,198

13,895

14,095

13,841

Effect of dilutive stock awards

218

-

218

-

Weighted average shares outstanding - diluted

14,416

13,895

14,313

13,841

Diluted earnings (loss) per share:

Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders

$

0.23

$

(0.11

)

$

1.76

$

(0.24

)