v3.26.1
Note Q - Earnings Per Share
 12 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Q. 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:

 

      

As Adjusted

 
  

2026

  

2025

 

Basic:

        

Net income (loss)

 $27,570  $(402)

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

  493   295 

Net income (loss) attributable to Twin Disc, Incorporated

  27,077   (697)
         

Weighted average shares outstanding - basic

  14,119   13,856 
         

Basic earnings (loss) per share:

        

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

 $1.92  $(0.05)
         

Diluted:

        

Net income (loss)

 $27,570  $(402)

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

  493   295 

Net income (loss) attributable to Twin Disc, Incorporated

  27,077   (697)
         

Weighted average shares outstanding - basic

  14,119   13,856 

Effect of dilutive stock awards

  467   - 

Weighted average shares outstanding - diluted

  14,586   13,856 
         

Diluted earnings (loss) per share:

        

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

 $1.86  $(0.05)

 

The following potential common shares were excluded from diluted EPS for the year-ended June 30, 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, 121.0 related to the Company’s unvested RS awards, and 55.0 related to the Company’s unvested RSUs.