Let the moment of inertia of each disc be I.
According to the law of conservation of angular momentum, the total initial angular momentum equals the total final angular momentum (since no external torque acts on the system):
Li=Lf
Iω1+Iω2=(I+I)ωcommon
ωcommon=2ω1+ω2
The initial kinetic energy of the system is:
Ki=21Iω12+21Iω22
The final kinetic energy of the system is:
Kf=21(2I)ωcommon2=I(2ω1+ω2)2=41I(ω1+ω2)2
The loss of kinetic energy (ΔK) is:
ΔK=Ki−Kf=(21Iω12+21Iω22)−41I(ω1+ω2)2
ΔK=41I[2ω12+2ω22−(ω12+ω22+2ω1ω2)]
ΔK=41I(ω12+ω22−2ω1ω2)
ΔK=41I(ω1−ω2)2