v3.26.1
Note B - Inventories, Net (Tables)
12 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Inventory, Current [Table Text Block]
      

As Adjusted

 
  

2026

  

2025

 

Finished parts

 $79,297  $99,171 

Work in process

  38,830   27,229 

Raw materials

  59,901   57,685 
  $178,028  $184,085 
Accounting Standards Update and Change in Accounting Principle [Table Text Block]

Consolidated Statements of Operations and Comprehensive Income (Loss)

 

As Computed

Under Previous

Method

  

Effect of

Accounting

Change

  

As Reported

Under New

Method

 

Cost of goods sold

 $279,197  $(487) $278,710 

Gross profit

  102,073   487   102,560 

Income (loss) from operations

  17,473   487   17,960 

Income (loss) before income taxes and noncontrolling interest

  13,109   487   13,596 

Income tax benefit (expense)

  21,322   (7,348)  13,974 

Net income (loss)

  34,659   (7,089)  27,570 

Net income (loss) attributable to Twin Disc, Incorporated

  34,166   (7,089)  27,077 
             

Comprehensive income (loss)

            

Net income (loss)

 $34,659  $(7,089) $27,570 

Comprehensive income (loss)

  31,083   (7,089)  23,994 

Comprehensive income (loss) attributable to Twin Disc, Incorporated

  30,724   (7,089)  23,635 
             

Earnings (loss) per share data:

            

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

 $2.42  $(0.50) $1.92 

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

 $2.34  $(0.49) $1.86 
             

Weighted average shares outstanding data:

            

Basic shares outstanding

  14,119   -   14,119 

Diluted shares outstanding

  14,586   -   14,586 

Consolidated Balance Sheets

 

As Computed

Under Previous

Method

  

Effect of

Accounting

Change

  

As Reported

Under New

Method

 

Inventories, net

 $145,407  $32,621  $178,028 

Deferred income tax assets

  28,669   (7,576)  21,093 

Retained earnings

  157,295   25,045   182,340 

Consolidated Statements of Cash Flows

 

As Computed

Under Previous

Method

  

Effect of

Accounting

Change

  

As Reported

Under New

Method

 

Cash flows from operating activities:

            

Net income (loss)

 $34,659  $(7,089) $27,570 

Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:

            

Changes in operating assets and liabilities, net of acquired business

            

Inventories, net

  3,778   (487)  3,291 

Provision for deferred income taxes

  (25,622)  7,576   (18,046)

Net cash provided (used) by operating activities

  22,899   -   22,899 

Consolidated Statements of Changes in Equity

 

As Computed

Under Previous

Method

  

Effect of

Accounting

Change

  

As Reported

Under New

Method

 

Retained earnings

            

Balance at June 30, 2025

 $125,414  $32,134  $157,548 

Net income (loss) attributable to Twin Disc, Incorporated

  34,166   (7,089)  27,077 

Dividends paid to shareholders and non-controlling interest

  (2,285)      (2,285)

Balance at June 30, 2026

 $157,295  $25,045  $182,340