$TWIN
TWIN DISC INC

2016 Q3 Form 10-Q Financial Statement

#000143774916041456 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $35.84M $37.37M
YoY Change -4.12% -42.35%
Cost Of Revenue $26.66M $29.18M
YoY Change -8.64% -31.23%
Gross Profit $9.173M $8.190M
YoY Change 12.0% -63.42%
Gross Profit Margin 25.6% 21.91%
Selling, General & Admin $12.48M $15.24M
YoY Change -18.14% -4.21%
% of Gross Profit 136.0% 186.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.916M $2.221M
YoY Change -13.73% -13.38%
% of Gross Profit 20.89% 27.12%
Operating Expenses $12.48M $15.24M
YoY Change -18.14% -4.21%
Operating Profit -$3.560M -$6.550M
YoY Change -45.65% -201.1%
Interest Expense $53.00K $91.00K
YoY Change -41.76% -44.51%
% of Operating Profit
Other Income/Expense, Net -$110.0K $158.0K
YoY Change -169.62% -53.53%
Pretax Income -$3.723M -$6.483M
YoY Change -42.57% -197.42%
Income Tax -$1.052M -$2.208M
% Of Pretax Income
Net Earnings -$2.696M -$4.323M
YoY Change -37.64% -206.93%
Net Earnings / Revenue -7.52% -11.57%
Basic Earnings Per Share -$0.24 -$0.39
Diluted Earnings Per Share -$0.24 -$0.39
COMMON SHARES
Basic Shares Outstanding 11.22M 11.31M
Diluted Shares Outstanding 11.22M 11.31M

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.10M $23.00M
YoY Change -30.0% -10.51%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $6.920M $13.26M
YoY Change -47.82% -20.59%
Inventory $67.13M $77.05M
Prepaid Expenses $7.796M
Receivables $25.76M $31.29M
Other Receivables $0.00 $0.00
Total Short-Term Assets $123.7M $148.4M
YoY Change -16.66% -17.04%
LONG-TERM ASSETS
Property, Plant & Equipment $50.42M $55.37M
YoY Change -8.94% -6.16%
Goodwill $5.139M $12.78M
YoY Change -59.79%
Intangibles $2.136M $2.169M
YoY Change -1.52%
Long-Term Investments
YoY Change
Other Assets $4.194M $4.137M
YoY Change 1.38% -57.35%
Total Long-Term Assets $89.08M $87.38M
YoY Change 1.94% 3.17%
TOTAL ASSETS
Total Short-Term Assets $123.7M $148.4M
Total Long-Term Assets $89.08M $87.38M
Total Assets $212.8M $235.8M
YoY Change -9.77% -10.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.22M $18.42M
YoY Change -17.39% -11.45%
Accrued Expenses $20.57M $28.95M
YoY Change -28.93% -2.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.600M
YoY Change 0.0%
Total Short-Term Liabilities $35.79M $50.94M
YoY Change -29.74% -5.85%
LONG-TERM LIABILITIES
Long-Term Debt $9.694M $10.70M
YoY Change -9.37% -46.52%
Other Long-Term Liabilities $2.302M $2.222M
YoY Change 3.6% -93.99%
Total Long-Term Liabilities $12.00M $12.92M
YoY Change -7.14% -77.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.79M $50.94M
Total Long-Term Liabilities $12.00M $12.92M
Total Liabilities $97.06M $102.1M
YoY Change -4.9% -9.68%
SHAREHOLDERS EQUITY
Retained Earnings $173.0M $185.5M
YoY Change -6.74%
Common Stock $10.48M $11.52M
YoY Change -9.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.44M $27.20M
YoY Change -6.48%
Treasury Stock Shares $1.661M $1.776M
Shareholders Equity $115.2M $133.3M
YoY Change
Total Liabilities & Shareholders Equity $212.8M $235.8M
YoY Change -9.77% -10.55%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$2.696M -$4.323M
YoY Change -37.64% -206.93%
Depreciation, Depletion And Amortization $1.916M $2.221M
YoY Change -13.73% -13.38%
Cash From Operating Activities -$2.661M -$2.370M
YoY Change 12.28% -723.68%
INVESTING ACTIVITIES
Capital Expenditures $525.0K $1.403M
YoY Change -62.58% -35.49%
Acquisitions
YoY Change
Other Investing Activities $129.0K $185.0K
YoY Change -30.27% 11.45%
Cash From Investing Activities -$646.0K $3.900M
YoY Change -116.56% -273.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 810.0K -880.0K
YoY Change -192.05% -124.38%
NET CHANGE
Cash From Operating Activities -2.661M -2.370M
Cash From Investing Activities -646.0K 3.900M
Cash From Financing Activities 810.0K -880.0K
Net Change In Cash -2.497M 650.0K
YoY Change -484.15% -62.64%
FREE CASH FLOW
Cash From Operating Activities -$2.661M -$2.370M
Capital Expenditures $525.0K $1.403M
Free Cash Flow -$3.186M -$3.773M
YoY Change -15.56% 110.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 twin Change In Expected Domestic Losses
ChangeInExpectedDomesticLosses
10180000
CY2016Q3 twin Compensation Expense And Windfall Tax Benefits
CompensationExpenseAndWindfallTaxBenefits
208000
CY2015Q3 twin Compensation Expense And Windfall Tax Benefits
CompensationExpenseAndWindfallTaxBenefits
303000
CY2016Q3 twin Excess Tax Shortfall From Stock Compensation
ExcessTaxShortfallFromStockCompensation
-133000
CY2015Q3 twin Excess Tax Shortfall From Stock Compensation
ExcessTaxShortfallFromStockCompensation
52000
CY2016Q3 twin Finite Lived Intangible Assets Accumulated Impairment
FiniteLivedIntangibleAssetsAccumulatedImpairment
-1277000
CY2016Q2 twin Finite Lived Intangible Assets Accumulated Impairment
FiniteLivedIntangibleAssetsAccumulatedImpairment
-1277000
CY2016Q3 twin Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
143000
CY2016Q3 twin Income Tax Reconciliation Difference Between Expected Domestic Losses And Prior Years Domestic Losses Percentage
IncomeTaxReconciliationDifferenceBetweenExpectedDomesticLossesAndPriorYearsDomesticLossesPercentage
0.046
CY2016Q3 twin Income Tax Reconciliation Reduction In Effective Tax Rate
IncomeTaxReconciliationReductionInEffectiveTaxRate
0.01
CY2016Q3 twin Shares Acquired Issued Net
SharesAcquiredIssuedNet
-140000
CY2015Q3 twin Shares Acquired Issued Net
SharesAcquiredIssuedNet
-188000
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
15215000
CY2016Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
14716000
CY2016Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25758000
CY2016Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25363000
CY2016Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
20571000
CY2016Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21415000
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-42844000
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-44143000
CY2016Q3 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P14Y
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43000
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000
CY2016Q3 us-gaap Assets
Assets
212756000
CY2015Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-1211000
CY2016Q2 us-gaap Assets
Assets
213922000
CY2016Q3 us-gaap Assets Current
AssetsCurrent
123679000
CY2016Q2 us-gaap Assets Current
AssetsCurrent
125035000
CY2016Q3 us-gaap Cash
Cash
16077000
CY2016Q2 us-gaap Cash
Cash
18273000
CY2015Q2 us-gaap Cash
Cash
22936000
CY2015Q3 us-gaap Cash
Cash
23036000
CY2016Q3 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
-2196000
CY2015Q3 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
100000
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2016Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2016Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13099468
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13099468
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
10476000
CY2016Q2 us-gaap Common Stock Value
CommonStockValue
11761000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1397000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5370000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
81000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
29000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1316000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5341000
CY2016Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
26662000
CY2015Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
29183000
CY2016Q3 us-gaap Debt Current
DebtCurrent
CY2016Q2 us-gaap Debt Current
DebtCurrent
CY2016Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1335000
CY2015Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7006000
CY2016Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
27192000
CY2016Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
25870000
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
809000
CY2016Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
827000
CY2016Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1916000
CY2015Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2221000
CY2016Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-109000
CY2016Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
301000
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1932000
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1963000
CY2016Q3 us-gaap Goodwill
Goodwill
5139000
CY2016Q2 us-gaap Goodwill
Goodwill
5120000
CY2016Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
19000
CY2016Q2 us-gaap Goodwill Gross
GoodwillGross
16392000
CY2016Q3 us-gaap Goodwill Gross
GoodwillGross
16411000
CY2016Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
11272000
CY2016Q3 us-gaap Gross Profit
GrossProfit
9173000
CY2015Q3 us-gaap Gross Profit
GrossProfit
8190000
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2015Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-542000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3723000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6483000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1052000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2208000
CY2016Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
1115000
CY2015Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-6310000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
CY2016Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
204000
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.283
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.341
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10229000
CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10186000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
138000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
150000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
154000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
168000
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
180000
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13438000
CY2016Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13426000
CY2016Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
201000
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2136000
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2164000
CY2016Q3 us-gaap Interest Expense
InterestExpense
53000
CY2015Q3 us-gaap Interest Expense
InterestExpense
91000
CY2016Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-163000
CY2015Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
67000
CY2016Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
45786000
CY2016Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
45622000
CY2016Q3 us-gaap Inventory Net
InventoryNet
67128000
CY2016Q2 us-gaap Inventory Net
InventoryNet
66569000
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2705000
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-110000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
158000
CY2016Q3 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
325000
CY2015Q3 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
378000
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
683000
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1805000
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
672000
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
739000
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2302000
CY2016Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
12950000
CY2016Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
12927000
CY2016Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8392000
CY2016Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8020000
CY2016Q3 us-gaap Liabilities
Liabilities
97060000
CY2016Q2 us-gaap Liabilities
Liabilities
96869000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
212756000
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
213922000
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
35786000
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
36131000
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
9694000
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
8501000
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9694000
CY2016Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8501000
CY2016Q3 us-gaap Minority Interest
MinorityInterest
535000
CY2016Q2 us-gaap Minority Interest
MinorityInterest
563000
CY2016Q3 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
810000
CY2015Q3 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-884000
CY2016Q3 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-646000
CY2015Q3 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
3898000
CY2016Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2661000
CY2015Q3 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2372000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-2696000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-4323000
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
25000
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
48000
CY2016Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3560000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-6550000
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
6920000
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
7477000
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4194000
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4068000
CY2016Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
672000
CY2015Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
739000
CY2016Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
399000
CY2015Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
423000
CY2016 us-gaap Other Operating Income
OtherOperatingIncome
500000
CY2016Q3 us-gaap Other Operating Income
OtherOperatingIncome
CY2015Q3 us-gaap Other Operating Income
OtherOperatingIncome
500000
CY2016Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
129000
CY2015Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
185000
CY2016Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
385000
CY2016Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
CY2015Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1019000
CY2016Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
109000
CY2015Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
192000
CY2016Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
140000
CY2015Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
190000
CY2016Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
525000
CY2015Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1403000
CY2016Q3 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
48469000
CY2016Q2 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
48705000
CY2016Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2016Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7796000
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7353000
CY2016Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
CY2015Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
3500000
CY2016Q3 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
CY2015Q3 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1907000
CY2016Q3 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
13943000
CY2015Q3 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
22780000
CY2016Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000
CY2015Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
79000
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3607000
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5245000
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3036000
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4220000
CY2016Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2343000
CY2015Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2986000
CY2016Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
693000
CY2015Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
1234000
CY2016Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
762000
CY2015Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
721000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-2671000
CY2015Q3 us-gaap Profit Loss
ProfitLoss
-4275000
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50416000
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51665000
CY2016Q3 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
12751000
CY2015Q3 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
22315000
CY2016Q3 us-gaap Restructuring Charges
RestructuringCharges
258000
CY2015Q3 us-gaap Restructuring Charges
RestructuringCharges
CY2016Q3 us-gaap Restructuring Costs
RestructuringCosts
219000
CY2015Q3 us-gaap Restructuring Costs
RestructuringCosts
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
801000
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
674000
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
172966000
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
175662000
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
35835000
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
37373000
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12475000
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15240000
CY2016Q3 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
9000
CY2015Q3 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1000
CY2016Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
182000
CY2015Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-303000
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
115161000
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
116490000
CY2016Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
140598000
CY2016Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
143280000
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
115696000
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
117053000
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
140167000
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
133730000
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1660895
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1749294
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
25437000
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
26790000
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
904000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11217000
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11313000
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11217000
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11313000

Files In Submission

Name View Source Status
0001437749-16-041456-index-headers.html Edgar Link pending
0001437749-16-041456-index.html Edgar Link pending
0001437749-16-041456.txt Edgar Link pending
0001437749-16-041456-xbrl.zip Edgar Link pending
ex31-a.htm Edgar Link pending
ex31-b.htm Edgar Link pending
ex32-a.htm Edgar Link pending
ex32-b.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
twin-20160930.xml Edgar Link completed
twin-20160930.xsd Edgar Link pending
twin-20160930_cal.xml Edgar Link unprocessable
twin-20160930_def.xml Edgar Link unprocessable
twin-20160930_lab.xml Edgar Link unprocessable
twin-20160930_pre.xml Edgar Link unprocessable
twin20160921_10q.htm Edgar Link pending