| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
Net Sales | |||||||||
302,663 | 240,733 | 168,182 | 166,282 | - | - | - | - | - | - |
Cost of goods sold | |||||||||
213,022 | 160,092 | 119,950 | 125,687 | - | - | - | - | - | - |
Net sales | |||||||||
- | - | - | - | 265,790 | 263,909 | 285,282 | 355,870 | 310,393 | 227,534 |
Cost of goods sold | |||||||||
- | - | - | - | 182,758 | 186,655 | 205,257 | 234,238 | 202,710 | 167,069 |
Gross profit | |||||||||
89,641 | 80,641 | 48,232 | 40,595 | 83,032 | 77,254 | 80,025 | 121,632 | 107,683 | 60,465 |
Marketing, engineering and administrative expenses | |||||||||
71,541 | 61,095 | 52,773 | 57,113 | 64,264 | 67,406 | 67,899 | 73,091 | - | - |
Marketing, engineering and administrative expenses | |||||||||
- | - | - | - | - | - | - | - | 72,967 | 57,380 |
Restructuring expenses | |||||||||
1,179 | 3,398 | 1,791 | 921 | 3,282 | 961 | 708 | 0 | 0 | - |
Goodwill and other asset impairment charge | |||||||||
- | - | 2,646 | 7,602 | 0 | - | 1,405 | 3,670 | 0 | 0 |
Other operating income | |||||||||
1,577 | - | 0 | 445 | 0 | - | - | - | - | - |
Goodwill impairment charge | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Other operating expense (income) | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
(Loss) income from operations | |||||||||
18,498 | 16,148 | -8,978 | -24,596 | 15,486 | 8,887 | 10,013 | 44,871 | 34,716 | 3,085 |
Interest income | |||||||||
43 | 55 | 72 | 147 | 124 | 121 | 102 | 95 | 98 | 84 |
Interest expense | |||||||||
1,927 | 282 | 303 | 426 | 606 | 936 | 1,435 | 1,475 | 1,719 | 2,282 |
Other expense (income), net | |||||||||
-2,107 | -1,501 | -320 | -420 | 896 | 24 | 557 | 1,265 | -1,066 | 835 |
Non-operating income (expense) | |||||||||
-3,991 | -1,728 | -551 | -699 | 414 | -791 | -776 | -115 | -2,687 | -1,363 |
(Loss) income before income taxes and noncontrolling interest | |||||||||
14,507 | 14,420 | -9,529 | -25,295 | 15,900 | 8,096 | 9,237 | 44,756 | 32,029 | 1,722 |
Income tax (benefit) expense | |||||||||
3,711 | 4,773 | -3,414 | -12,282 | 4,515 | 4,226 | 4,986 | 17,815 | 13,897 | 992 |
Net (loss) income | |||||||||
10,796 | 9,647 | -6,115 | -13,013 | 11,385 | 3,870 | 4,251 | 26,941 | 18,132 | 730 |
Less: Net earnings attributable to noncontrolling interest, net of tax | |||||||||
123 | 119 | 179 | 91 | 212 | 226 | 369 | 198 | 135 | 133 |
Net (loss) income attributable to Twin Disc | |||||||||
10,673 | 9,528 | -6,294 | -13,104 | 11,173 | 3,644 | 3,882 | 26,743 | 17,997 | 597 |
(Loss) income per share data: | |||||||||
Basic (loss) income per share attributable to Twin Disc common shareholders (in dollars per share) | |||||||||
0.84 | 0.82 | -0.56 | -1.17 | 0.99 | 0.32 | 0.34 | 2.34 | 1.59 | 0.05 |
Diluted (loss) income per share attributable to Twin Disc common shareholders (in dollars per share) | |||||||||
0.83 | 0.82 | -0.56 | -1.17 | 0.99 | 0.32 | 0.34 | 2.31 | 1.57 | 0.05 |
Weighted average shares outstanding data: | |||||||||
Basic shares outstanding (in shares) | |||||||||
12,571 | 11,295 | 11,239 | 11,203 | 11,273 | 11,258 | 11,304 | 11,410 | 11,319 | 11,063 |
Dilutive stock awards (in shares) | |||||||||
111 | 100 | 0 | 0 | 4 | 6 | 73 | 146 | 144 | 96 |
Diluted shares outstanding (in shares) | |||||||||
12,682 | 11,395 | 11,239 | 11,203 | 11,277 | 11,264 | 11,377 | 11,556 | 11,463 | 11,159 |
Comprehensive (loss) income | |||||||||
Net (loss) income | |||||||||
10,796 | 9,647 | -6,115 | -13,013 | 11,385 | 3,870 | 4,251 | 26,941 | 18,132 | 730 |
Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively | |||||||||
-4,121 | 7,924 | 10,500 | -7,080 | -5,499 | 6,126 | 8,322 | - | - | - |
Benefit plan adjustments, net of income taxes of $354, $375, $706 and $759, respectively | |||||||||
- | - | - | - | - | - | - | - | -11,506 | 6,414 |
Translation adjustment during the quarter | |||||||||
-2,671 | 981 | 985 | -1,557 | -14,119 | 3,760 | 447 | -11,738 | 19,272 | -9,650 |
Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively | |||||||||
-509 | 0 | - | - | - | - | - | - | - | - |
Benefit plan adjustments, net of income taxes of $3,806, $4,163 and ($6,769), respectively | |||||||||
- | - | - | - | - | - | - | -11,690 | - | - |
Comprehensive (loss) income | |||||||||
3,495 | 18,552 | 5,370 | -21,650 | -8,233 | 13,756 | 13,020 | 3,513 | 48,910 | -15,334 |
Less: Comprehensive income attributable to noncontrolling interest | |||||||||
98 | 145 | 193 | 114 | 132 | 156 | 240 | 184 | 135 | 133 |
Comprehensive (loss) income attributable to Twin Disc | |||||||||
3,397 | 18,407 | 5,177 | -21,764 | -8,365 | 13,600 | 12,780 | 3,329 | 48,775 | -15,467 |