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

)