Briggs & Stratton (BGG) 10-Q 8 May 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Apr. 01, 2018	Apr. 30, 2018
Document Information [Line Items]
Entity Registrant Name	BRIGGS & STRATTON CORP
Entity Central Index Key	14,195
Current Fiscal Year End Date	--07-01
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Apr. 1, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		42,665,299

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2018	Jul. 02, 2017
CURRENT ASSETS:
Cash and Cash Equivalents	$ 56,165	$ 61,707
Accounts Receivable, Net	259,472	230,011
Inventories:
Finished Products	309,716	265,720
Work in Process	119,856	102,187
Raw Materials	8,920	6,972
Total Inventories	438,492	374,879
Prepaid Expenses and Other Current Assets	35,953	22,844
Total Current Assets	790,082	689,441
OTHER ASSETS:
Goodwill	164,213	161,649
Investments	50,224	51,677
Other Intangible Assets, Net	98,021	100,595
Long-Term Deferred Income Tax Asset	34,886	64,412
Other Long-Term Assets, Net	20,932	18,325
Total Other Assets	368,276	396,658
PLANT AND EQUIPMENT:
Cost	1,161,535	1,104,583
Less - Accumulated Depreciation	762,186	739,703
Total Plant and Equipment, Net	399,349	364,880
TOTAL ASSETS	1,557,707	1,450,979
CURRENT LIABILITIES:
Accounts Payable	202,822	193,677
Short-Term Debt	131,556	0
Accrued Liabilities	157,895	136,701
Total Current Liabilities	492,273	330,378
OTHER LIABILITIES:
Accrued Pension Cost	197,749	242,908
Accrued Employee Benefits	21,787	21,897
Accrued Postretirement Health Care Obligation	29,547	35,132
Accrued Warranty	14,983	14,468
Other Long-Term Liabilities	38,754	25,069
Long-Term Debt	202,332	221,793
Total Other Liabilities	505,152	561,267
SHAREHOLDERS' INVESTMENT:
Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares	579	579
Additional Paid-In Capital	75,001	73,562
Retained Earnings	1,089,364	1,107,033
Accumulated Other Comprehensive Loss	(280,546)	(300,026)
Treasury Stock at cost, 14,942 Shares and 15,047 Shares, respectively	(324,116)	(321,814)
Total Shareholders' Investment	560,282	559,334
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ 1,557,707	$ 1,450,979

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Apr. 01, 2018	Jul. 02, 2017
Common Stock, shares authorized	120,000	120,000
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares issued	57,854	57,854
Treasury Stock, shares	15,150	15,074

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
NET SALES	$ 604,069	$ 596,965	$ 1,379,599	$ 1,311,998
COST OF GOODS SOLD	473,796	462,194	1,090,196	1,029,299
Gross Profit	130,273	134,771	289,403	282,699
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	79,885	78,279	244,490	223,373
Equity in Earnings of Unconsolidated Affiliates	713	1,079	6,438	7,318
Income from Operations	51,101	57,571	51,351	66,644
INTEREST EXPENSE	(8,617)	(5,521)	(19,167)	(15,159)
OTHER INCOME, Net	1,079	844	2,483	1,679
Income (Loss) Before Income Taxes	43,563	52,894	34,667	53,164
PROVISION (CREDIT) FOR INCOME TAXES	11,675	17,075	34,163	16,242
NET INCOME (LOSS)	$ 31,888	$ 35,819	$ 504	$ 36,922
Earnings (Loss) Per Share, Basic	$ 0.74	$ 0.83	$ 0	$ 0.86
Earnings (Loss) Per Share, Diluted	$ 0.74	$ 0.83	$ 0	$ 0.86
Weighted Average Number of Shares Outstanding, Basic	42,064	42,076	42,108	42,217
Weighted Average Number of Shares Outstanding, Diluted	42,307	42,175	42,362	42,271
DIVIDENDS PER SHARE	$ 0.14	$ 0.14	$ 0.42	$ 0.42

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Net Income (Loss)	$ 31,888	$ 35,819	$ 504	$ 36,922
Other Comprehensive Income (Loss):
Cumulative Translation Adjustments	4,349	4,646	7,596	(1,804)
Unrealized Gain on Derivative Instruments, Net of Tax	2,034	(577)	3,081	2,191
Unrecognized Pension & Postretirement Obligation, Net of Tax	3,325	2,590	8,803	7,770
Other Comprehensive Income (Loss)	9,708	6,659	19,480	8,157
Total Comprehensive Income (Loss)	$ 41,596	$ 42,478	$ 19,984	$ 45,079

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 504	$ 36,922
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:
Depreciation and Amortization	43,756	42,177
Stock Compensation Expense	5,312	4,560
Loss on Disposition of Plant and Equipment	1,595	610
Provision for Deferred Income Taxes	24,744	7,574
Equity in Earnings of Unconsolidated Affiliates	(9,068)	(7,318)
Dividends Received from Unconsolidated Affiliates	9,810	8,186
Payment for Pension Benefits	(30,000)	0
Change in Operating Assets and Liabilities:
Accounts Receivable	(25,948)	(110,978)
Inventories	(62,780)	(27,553)
Other Current Assets	(3,430)	584
Accounts Payable, Accrued Liabilities and Income Taxes	11,287	30,041
Other, Net	15,198	(11,269)
Net Cash Used in Operating Activities	(19,020)	(26,464)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures	(77,483)	(48,780)
Proceeds Received on Disposition of Plant and Equipment	339	1,014
Cash Paid for Acquisition, Net of Cash Acquired	(1,800)	0
Proceeds on Sale of Investment in Marketable Securities	0	3,343
Increase in Restricted Cash	(9,053)	0
Net Cash Used in Investing Activities	(87,997)	(44,423)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Revolver	131,556	62,300
Repayments on Long-Term Debt	(19,781)	0
Long Term Notes Payable	7,685	0
Debt Issuance Costs	(1,154)	0
Treasury Stock Purchases	(8,710)	(17,924)
Payment of Acquisition Contingent Liability	0	(1,625)
Stock Option Exercise Proceeds and Tax Benefits	3,943	4,751
Cash Dividends Paid	(12,007)	(12,028)
Payments Related to Shares Withheld for Taxes for Stock Compensation	(1,147)	(1,739)
Net Cash Provided by Financing Activities	100,385	33,735
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	1,090	(590)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(5,542)	(37,742)
CASH AND CASH EQUIVALENTS:
CASH AND CASH EQUIVALENTS, Beginning	61,707	89,839
CASH AND CASH EQUIVALENTS, Ending	$ 56,165	$ 52,097

General Information

General Information	9 Months Ended
	Apr. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General Information	General Information Briggs & Stratton Corporation (the “Company”) is a U.S. based producer of gasoline engines and outdoor power equipment. The Company’s Engines Segment sells engines worldwide, primarily to original equipment manufacturers ("OEMs") of lawn and garden equipment and other gasoline engine powered equipment. The Company also sells related service parts and accessories for its engines. The Company’s Products Segment designs, manufactures and markets a wide range of outdoor power equipment, job site products, and related accessories. The majority of lawn and garden equipment is sold during the spring and summer months when most lawn care and gardening activities are performed. Engine sales in the Company’s third fiscal quarter have historically been the highest, while sales in the first fiscal quarter have historically been the lowest. Sales of pressure washers and lawn and garden powered equipment are typically higher during the third and fourth fiscal quarters than at other times of the year. Sales of portable generators and snowthrowers are typically higher during the first and second fiscal quarters. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and therefore do not include all information and footnotes necessary for a fair statement of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but also does not include all disclosures required by accounting principles generally accepted in the United States. However, in the opinion of the Company, adequate disclosures have been presented to prevent the information from being misleading, and all adjustments necessary to fairly present the results of operations and financial position have been included. All of these adjustments are of a normal recurring nature, except as otherwise noted. Interim results are not necessarily indicative of results for a full year. The information included in these condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto that were included in the Company's latest Annual Report on Form 10-K.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Apr. 01, 2018
Prospective Adoption of New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2018-02, Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. ASU No. 2018-02 allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The guidance is effective beginning fiscal year 2020, with early adoption permitted. The Company is currently assessing the impact of this new accounting pronouncement on its financial position. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the amendments in ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The updated guidance requires a prospective adoption. The guidance is effective beginning fiscal year 2021. Early adoption is permitted. The Company is currently assessing the impact of this new accounting pronouncement on its results of operations and financial position. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The guidance is effective, on a retrospective basis, beginning fiscal year 2019. Early adoption is permitted. The Company is currently assessing the impact of this new accounting pronouncement on its consolidated statements of cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Certain qualitative and quantitative disclosures are required, as well as a modified retrospective recognition and measurement of impacted leases. The guidance is effective beginning fiscal year 2020, with early adoption permitted. The Company is currently assessing the impact of this new accounting pronouncement on its results of operations, financial position, and cash flows. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU No. 2016-01). ASU No. 2016-01 enhances the existing financial instruments reporting model by modifying fair value measurement tools, simplifying impairment assessments for certain equity instruments, and modifying overall presentation and disclosure requirements. The guidance is effective beginning fiscal year 2019, with early adoption permitted. The Company does not expect the adoption to have a material impact on the Company’s results of operations, financial position, and cash flows. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Topic 606 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. This guidance is effective beginning fiscal year 2019 under either full or modified retrospective adoption. The Company has begun its assessment of Topic 606 and has developed a comprehensive project plan that includes representatives from across the Company’s business. The project plan includes analyzing the standard’s impact on the Company’s various revenue streams, comparing its historical accounting policies and practices to the requirements of the new standard, and identifying potential differences from applying the requirements of the new standard to its contracts. The Company is in the process of identifying and implementing appropriate changes to its business processes, systems and controls to support revenue recognition and disclosures under Topic 606. Subject to the potential effects of any new related ASUs issued by the FASB, as well as the Company’s ongoing evaluation of transactions and contracts, the Company does not anticipate that the adoption of this standard will have a material impact on the company’s consolidated financial statements. The Company anticipates adopting Topic 606 at the beginning of fiscal year 2019 using the modified retrospective approach.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) (Notes)	9 Months Ended
	Apr. 01, 2018
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss) [Abstract]	Accumulated Other Comprehensive Income (Loss) The following tables set forth the changes in accumulated other comprehensive income (loss) (in thousands): Three Months Ended April 1, 2018 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (21,497 ) $ 971 $ (269,728 ) $ (290,254 ) Other Comprehensive Income before Reclassification 4,349 606 — 4,955 Income Tax Benefit (Expense) — (146 ) — (146 ) Net Other Comprehensive Income Before Reclassifications 4,349 460 — 4,809 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — 2,121 — 2,121 Realized (Gains) Losses - Commodity Contracts (1) — 33 — 33 Realized (Gains) Losses - Interest Rate Swaps (1) — (80 ) — (80 ) Amortization of Prior Service Costs (Credits) (2) — — (314 ) (314 ) Amortization of Actuarial Losses (2) — — 4,696 4,696 Total Reclassifications Before Tax — 2,074 4,382 6,456 Income Tax Expense (Benefit) — (500 ) (1,057 ) (1,557 ) Net Reclassifications — 1,574 3,325 4,899 Other Comprehensive Income 4,349 2,034 3,325 9,708 Ending Balance $ (17,148 ) $ 3,005 $ (266,403 ) $ (280,546 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans. Three Months Ended April 2, 2017 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (30,313 ) $ 1,216 $ (307,855 ) $ (336,952 ) Other Comprehensive Income before Reclassification 4,646 (778 ) — 3,868 Income Tax Benefit (Expense) — 292 — 292 Net Other Comprehensive Income Before Reclassifications 4,646 (486 ) — 4,160 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — (368 ) — (368 ) Realized (Gains) Losses - Commodity Contracts (1) — 53 — 53 Realized (Gains) Losses - Interest Rate Swaps (1) — 169 — 169 Amortization of Prior Service Costs (Credits) (2) — — (618 ) (618 ) Amortization of Actuarial Losses (2) — — 4,763 4,763 Total Reclassifications Before Tax — (146 ) 4,145 3,999 Income Tax Expense (Benefit) — 55 (1,555 ) (1,500 ) Net Reclassifications — (91 ) 2,590 2,499 Other Comprehensive Income 4,646 (577 ) 2,590 6,659 Ending Balance $ (25,667 ) $ 639 $ (305,265 ) $ (330,293 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans. Nine Months Ended April 1, 2018 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (24,744 ) $ (76 ) $ (275,206 ) $ (300,026 ) Other Comprehensive Income before Reclassification 7,596 (149 ) — 7,447 Income Tax Benefit (Expense) — 137 — 137 Net Other Comprehensive Income Before Reclassifications 7,596 (12 ) — 7,584 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — 4,537 — 4,537 Realized (Gains) Losses - Commodity Contracts (1) — 65 — 65 Realized (Gains) Losses - Interest Rate Swaps (1) — (97 ) — (97 ) Amortization of Prior Service Costs (Credits) (2) — — (942 ) (942 ) Amortization of Actuarial Losses (2) — — 14,089 14,089 Total Reclassifications Before Tax — 4,505 13,147 17,652 Income Tax Expense (Benefit) — (1,412 ) (4,344 ) (5,756 ) Net Reclassifications — 3,093 8,803 11,896 Other Comprehensive Income 7,596 3,081 8,803 19,480 Ending Balance $ (17,148 ) $ 3,005 $ (266,403 ) $ (280,546 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans. Nine Months Ended April 2, 2017 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (23,863 ) $ (1,552 ) $ (313,035 ) $ (338,450 ) Other Comprehensive Income before Reclassification (1,804 ) 3,056 — 1,252 Income Tax Benefit (Expense) — (1,146 ) — (1,146 ) Net Other Comprehensive Income Before Reclassifications (1,804 ) 1,910 — 106 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — (421 ) — (421 ) Realized (Gains) Losses - Commodity Contracts (1) — 253 — 253 Realized (Gains) Losses - Interest Rate Swaps (1) — 618 — 618 Amortization of Prior Service Costs (Credits) (2) — — (1,855 ) (1,855 ) Amortization of Actuarial Losses (2) — — 14,289 14,289 Total Reclassifications Before Tax — 450 12,434 12,884 Income Tax Expense (Benefit) — (169 ) (4,664 ) (4,833 ) Net Reclassifications — 281 7,770 8,051 Other Comprehensive Income (1,804 ) 2,191 7,770 8,157 Ending Balance $ (25,667 ) $ 639 $ (305,265 ) $ (330,293 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Apr. 01, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The Company computes earnings per share using the two-class method, an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company’s unvested grants of restricted stock, restricted stock units, and deferred stock awards contain non-forfeitable rights to dividends (whether paid or unpaid), which are required to be treated as participating securities and included in the computation of basic earnings per share. Information on earnings per share is as follows (in thousands, except per share data): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Net Income $ 31,888 $ 35,819 $ 504 $ 36,922 Less: Allocation to Participating Securities (626 ) (821 ) (301 ) (776 ) Net Income Available to Common Shareholders $ 31,262 $ 34,998 $ 203 $ 36,146 Average Shares of Common Stock Outstanding 42,064 42,076 42,108 42,217 Shares Used in Calculating Diluted Earnings Per Share 42,307 42,175 42,362 42,271 Basic Earnings Per Share $ 0.74 $ 0.83 $ 0.00 $ 0.86 Diluted Earnings Per Share $ 0.74 $ 0.83 $ 0.00 $ 0.86 The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares: Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Options to Purchase Shares of Common Stock (in thousands) — — — — Weighted Average Exercise Price of Options Excluded $ — $ — $ — $ — On April 21, 2016, the Board of Directors authorized up to $50 million in funds for use in the common share repurchase program with an expiration date of June 29, 2018. As of April 1, 2018 , the total remaining authorization was approximately $21.8 million . Subsequent to the end of the third quarter of fiscal 2018, the Board of Directors authorized an additional $50 million under the share repurchase program with an expiration date of June 30, 2020. The common share repurchase program authorizes the purchase of shares of the Company's common stock on the open market or in private transactions from time to time, depending on market conditions and certain governing debt covenants. During the nine months ended April 1, 2018 , the Company repurchased 382,806 shares on the open market at an average price of $22.76 per share, as compared to 916,040 shares purchased on the open market at an average price of $19.57 per share during the nine months ended April 2, 2017 .

Investments Investments

Investments Investments	9 Months Ended
	Apr. 01, 2018
Investments, Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Investments Investments represent the Company’s investments in unconsolidated affiliated companies. Financial information of the unconsolidated affiliated companies is accounted for by the equity method, generally on a lag of one month or less. The following table sets forth the unaudited results of operations of unconsolidated affiliated companies for the three and nine months ended April 1, 2018 and April 2, 2017 (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Results of Operations: Sales $ 78,271 $ 77,174 $ 234,664 $ 227,922 Cost of Goods Sold 59,992 59,091 179,794 172,338 Gross Profit $ 18,279 $ 18,083 $ 54,870 $ 55,584 Net Income $ 4,444 $ 5,137 $ 14,202 $ 14,238 The following table sets forth the unaudited balance sheets of unconsolidated affiliated companies as of April 1, 2018 and July 2, 2017 (in thousands): April 1, July 2, Financial Position: Assets: Current Assets $ 152,729 $ 157,117 Noncurrent Assets 47,842 54,748 200,571 211,865 Liabilities: Current Liabilities $ 60,406 $ 61,346 Noncurrent Liabilities 21,391 25,399 81,797 86,745 Equity $ 118,774 $ 125,120 The Company concluded that its equity method investments are integral to its business. The equity method investments provide manufacturing and distribution functions, which are important parts of its operations. Net sales to equity method investees were approximately $65.1 million and $75.9 million for the nine months ended April 1, 2018 and April 2, 2017 , respectively. Purchases of finished products from equity method investees were approximately $86.8 million and $82.3 million million for the nine months ended April 1, 2018 and April 2, 2017 , respectively.

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Apr. 01, 2018
Retirement Benefits [Abstract]
Pension and Postretirement Benefits	Pension and Postretirement Benefits The Company has noncontributory defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands): Pension Benefits Other Postretirement Benefits Three Months Ended Three Months Ended April 1, April 2, April 1, April 2, Components of Net Periodic (Income) Expense: Service Cost $ 601 $ 1,689 $ 34 $ 48 Interest Cost on Projected Benefit Obligation 10,767 10,839 593 596 Expected Return on Plan Assets (15,478 ) (16,107 ) — — Amortization of: Prior Service Cost (Credit) 45 45 (359 ) (663 ) Actuarial Loss 3,833 4,239 863 699 Net Periodic (Income) Expense $ (232 ) $ 705 $ 1,131 $ 680 Pension Benefits Other Postretirement Benefits Nine Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Components of Net Periodic (Income) Expense: Service Cost $ 1,802 $ 5,068 $ 101 $ 143 Interest Cost on Projected Benefit Obligation 32,301 32,517 1,779 1,787 Expected Return on Plan Assets (46,434 ) (48,320 ) — — Amortization of: Prior Service Cost (Credit) 134 135 (1,076 ) (1,990 ) Actuarial Loss 11,499 12,718 2,590 2,097 Net Periodic (Income) Expense $ (698 ) $ 2,118 $ 3,394 $ 2,037 The Company expects to make benefit payments of $3.3 million attributable to its non-qualified pension plans for the full year of fiscal 2018. During the first nine months of fiscal 2018, the Company made payments of approximately $2.9 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $10.1 million for its other postretirement benefit plans for the full year of fiscal 2018. During the first nine months of fiscal 2018, the Company made payments of $7.5 million for its other postretirement benefit plans. During the first nine months of fiscal 2018, the Company made $30.0 million in voluntary cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies the Company is required to make no minimum contributions to the qualified pension plan in fiscal 2018. The Company may be required to make further required contributions in future years or the future expected funding requirements may change depending on a variety of factors including the actual return on plan assets, the funded status of the plan in future periods, and changes in actuarial assumptions or regulations.

Stock Incentives

Stock Incentives	9 Months Ended
	Apr. 01, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentives	Stock Incentives Stock based compensation expense is calculated by estimating the fair value of incentive stock awards granted and amortizing the estimated value over the awards' vesting period. Stock based compensation expense was $1.4 million and $5.3 million for the three and nine months ended April 1, 2018 . For the three and nine months ended April 2, 2017 , stock based compensation expense was $1.7 million and $4.6 million , respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Apr. 01, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments & Hedging Activities The Company enters into derivative contracts designated as cash flow hedges to manage certain interest rate, foreign currency and commodity exposures. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into derivative instruments for trading purposes where the sole objective is to generate profits. The Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Derivative financial instruments are recorded within the Condensed Consolidated Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on derivatives designated as cash flow hedges are reported as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any ineffective portion of a financial instrument's change in fair value is immediately recognized in earnings. The Company discontinues hedge accounting prospectively when it determines that the derivative is no longer effective in offsetting cash flows attributable to the hedged risk, the derivative expires or is sold, terminated, or exercised, the cash flow hedge is dedesignated because a forecasted transaction is not probable of occurring, or management determines to remove the designation of the cash flow hedge. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company continues to carry the derivative at its fair value on the balance sheet and recognizes any subsequent changes in its fair value in earnings. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and recognizes immediately in earnings gains and losses that were accumulated in other comprehensive income related to the hedging relationship. The Company enters into interest rate swaps to manage a portion of its interest rate risk from financing certain dealer and distributor inventories through a third party financing source. The swaps are designated as cash flow hedges and are used to effectively fix the interest payments to third party financing sources, exclusive of lender spreads, ranging from 0.98% to 2.00% for a notional principal amount of $110.0 million with expiration dates ranging from May 2019 through December 2021 . The Company periodically enters into foreign currency contracts to hedge the risk from forecasted third party and intercompany sales or payments denominated in foreign currencies. Our primary foreign currency exposures are the Australian Dollar, the Brazilian Real, the Canadian Dollar, the Chinese Renminbi, the Euro, and the Japanese Yen against the U.S. Dollar. These contracts generally do not have a maturity of more than twenty-four months. The Company uses raw materials that are subject to price volatility. The Company hedges a portion of its exposure to the variability of cash flows associated with commodities used in the manufacturing process by entering into forward purchase contracts or commodity swaps. Derivative contracts designated as cash flow hedges are used by the Company to reduce exposure to variability in cash flows associated with future purchases of natural gas. These contracts generally do not have a maturity of more than thirty-six months. The Company has considered the counterparty credit risk related to all its interest rate, foreign currency, and commodity derivative contracts and does not deem any counterparty credit risk material at this time. As of April 1, 2018 and July 2, 2017 , the Company had the following outstanding derivative contracts (in thousands): Contract Notional Amount April 1, July 2, Interest Rate: LIBOR Interest Rate (U.S. Dollars) Fixed 110,000 95,000 Foreign Currency: Australian Dollar Sell 46,492 39,196 Brazilian Real Sell 29,322 28,137 Canadian Dollar Sell 16,495 14,725 Chinese Renminbi Buy 100,345 74,950 Euro Sell 44,412 31,240 Japanese Yen Buy 678,250 570,000 Commodity: Natural Gas (Therms) Buy 9,025 11,307 The location and fair value of derivative instruments reported in the Condensed Consolidated Balance Sheets are as follows (in thousands): Balance Sheet Location Asset (Liability) Fair Value April 1, July 2, Interest rate contracts Other Long-Term Assets $ 3,705 $ 1,852 Accrued Liabilities — (23 ) Other Long-Term Liabilities — (39 ) Foreign currency contracts Other Current Assets 2,019 157 Other Long-Term Assets 84 31 Accrued Liabilities (2,588 ) (3,050 ) Other Long-Term Liabilities (325 ) (68 ) Commodity contracts Other Current Assets — 40 Other Long-Term Assets — 1 Accrued Liabilities (45 ) (22 ) Other Long-Term Liabilities (24 ) (11 ) $ 2,826 $ (1,132 ) The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Loss is as follows (in thousands): Three Months Ended April 1, 2018 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 1,151 Net Sales $ 80 $ — Foreign currency contracts - sell 289 Net Sales (2,261 ) — Foreign currency contracts - buy 566 Cost of Goods Sold 140 — Commodity contracts 28 Cost of Goods Sold (33 ) — $ 2,034 $ (2,074 ) $ — Three Months Ended April 2, 2017 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 214 Net Sales $ (169 ) $ — Foreign currency contracts - sell (1,453 ) Net Sales 1,330 — Foreign currency contracts - buy 786 Cost of Goods Sold (962 ) — Commodity contracts (124 ) Cost of Goods Sold (53 ) — $ (577 ) $ 146 $ — Nine Months Ended April 1, 2018 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 1,695 Net Sales $ 97 $ — Foreign currency contracts - sell 405 Net Sales (3,935 ) — Foreign currency contracts - buy 1,038 Cost of Goods Sold (602 ) — Commodity contracts (57 ) Cost of Goods Sold (65 ) — $ 3,081 $ (4,505 ) $ — Nine Months Ended April 2, 2017 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 2,143 Net Sales $ (618 ) $ — Foreign currency contracts - sell 500 Net Sales 1,730 — Foreign currency contracts - buy (615 ) Cost of Goods Sold (1,309 ) — Commodity contracts 163 Cost of Goods Sold (253 ) — $ 2,191 $ (450 ) $ — During the next twelve months, the estimated net amount of losses on cash flow hedges as of April 1, 2018 expected to be reclassified out of AOCI into earnings is less than $0.1 million .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Apr. 01, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Significant inputs to the valuation model are unobservable. The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of April 1, 2018 and July 2, 2017 (in thousands): Fair Value Measurements Using April 1, Level 1 Level 2 Level 3 Assets: Derivatives $ 5,809 $ — $ 5,809 $ — Liabilities: Derivatives $ 2,983 $ — $ 2,983 $ — July 2, Level 1 Level 2 Level 3 Assets: Derivatives $ 2,081 $ — $ 2,081 $ — Liabilities: Derivatives $ 3,213 $ — $ 3,213 $ — The fair value for Level 2 measurements are based upon the respective quoted market prices for comparable instruments in active markets, which include current market pricing for forward purchases of commodities, foreign currency forwards, and current interest rates. The Company has currently chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States. The estimated fair value of the Company's Senior Notes (as defined in Note 14) at April 1, 2018 and July 2, 2017 was $220.2 million and $245.9 million , respectively, compared to the carrying value of $203.4 million and 223.1 million , respectively. The estimated fair value of the Senior Notes is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the valuation hierarchy. The carrying value of the Revolver (as defined in Note 14) approximates fair value since the underlying rate of interest is variable based upon LIBOR rates. The Company believes that the carrying values of cash and cash equivalents, trade receivables, and accounts payable are reasonable estimates of their fair values at April 1, 2018 and July 2, 2017 due to the short-term nature of these instruments.

Warranty

Warranty	9 Months Ended
	Apr. 01, 2018
Standard Product Warranty Disclosure [Abstract]
Warranty	Warranty The Company recognizes the cost associated with its standard warranty on Engines and Products at the time of sale. The general warranty period begins at the time of sale and typically covers two years, but may vary due, in general, to product type and geographic location. The amount recognized is based on historical failure rates and current claim cost experience. The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands): Nine Months Ended April 1, April 2, Beginning Balance $ 43,109 $ 44,367 Payments (17,941 ) (20,349 ) Provision for Current Year Warranties 18,633 18,212 Changes in Estimates 961 237 Ending Balance $ 44,762 $ 42,467

Income Taxes

Income Taxes	9 Months Ended
	Apr. 01, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, the U.S. government enacted significant tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code that will impact the Company’s financial statements, including but not limited to a permanent decrease in the corporate federal statutory income tax rate and a one-time charge from the inclusion of foreign earnings that the Company can elect to pay over eight years. The SEC staff issued Staff Accounting Bulletin 118 (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under Accounting Standards Codification ("ASC") 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. In connection with the Company’s initial analysis of the impact of the Tax Act, a tax expense of approximately $24.2 million has been recorded in the first nine months of fiscal 2018. This amount consists of an expense resulting from the re-measurement of deferred tax assets and liabilities for the corporate tax rate reduction of approximately $17.7 million and an expense related to the inclusion of foreign earnings of approximately $6.5 million . The Company has not completed its accounting for the income tax effects of certain elements of the Tax Act; however, reasonable estimates were made in order to record provisional adjustments for areas where analysis is not yet complete. For instance, the tax expense of approximately $17.7 million related to the re-measurement of the Company’s deferred tax assets and liabilities from the enacted corporate tax rate reduction may be affected by other analyses related to the Tax Act, including but not limited to the transition tax, expenditures that qualify for immediate expensing and the state tax effect of adjustments made to federal temporary differences. Additionally, in calculating the approximate tax expense of $6.5 million related to the inclusion of foreign earnings, the Company is required to determine various components including the amount of accumulated and current earnings and profits of its foreign subsidiaries, the amount of foreign income taxes paid on these earnings, and the cash and equivalents held by its foreign subsidiaries at various prescribed measurement dates. The Company has made a reasonable estimate of this expense and will continue to gather additional information to more precisely compute the expense. The Company is also in the process of evaluating its permanent reinvestment assertions since the Tax Act may provide opportunity to repatriate overseas cash to the U.S. at a lower tax cost. There is a dividends received deduction available for certain foreign distributions under the Tax Act, but certain foreign earnings remain subject to withholding taxes upon repatriation. As of April 1, 2018, the Company has analyzed its global working capital and cash requirements and the potential tax liabilities attributable to repatriation. In the second quarter of fiscal 2018, the Company removed its permanent reinvestment assertion on approximately $25 million of its foreign earnings. During the third quarter of fiscal 2018, the Company made distributions from its foreign earnings related to the assertion removal in the second quarter of approximately $18 million . The Company has recorded the estimated tax impact in its condensed consolidated financial statements and continues to evaluate its cash needs and strategic opportunities to repatriate cash. The Company was able to make a reasonable estimate of the tax effects of the repatriation of those earnings, and the provisional estimate has been recorded in the condensed consolidated financial statements including withholding taxes and currency gain on previously taxed earnings.The Company will continue to gather additional information to more precisely compute the tax impact. For the remainder of its foreign earnings, approximately $102 million , the Company has yet to determine whether it intends to change its prior assertion and repatriate earnings. Accordingly, deferred taxes attributable to its investments in its foreign subsidiaries have not yet been recorded. The tax effects of any change in the Company’s prior assertion will be recorded in the period that analysis is completed and a reasonable estimate is able to be calculated, and any unrecognized deferred tax liability for temporary differences related to the Company's foreign investments will be disclosed if practicable. When calculating the income tax provision, the Company uses an estimate of the annual effective tax rate based upon information known at each interim period. The actual effective tax rate is adjusted each quarter based upon changes to the forecast as compared to the beginning of the fiscal year and each following interim period. The effective tax rate for the third quarter of fiscal 2018 was 26.8% , compared to 32.3% for the same period last year. The effective tax rate for the first nine months of fiscal 2018 was 98.5% , compared to 30.6% for the same period of fiscal 2017. The Company’s fiscal year 2018 tax rates reflect the estimated impact of the Tax Act, including the aforementioned cost of approximately $17.7 million resulting from the re-measurement of the Company’s deferred tax assets and liabilities as of the second quarter of fiscal 2018 and tax expense related to the inclusion of foreign earnings of approximately $6.5 million . Also as a result of the Tax Act, the Company will be subject to a U.S. federal statutory corporate income tax rate of 28% for the fiscal year ending July 1, 2018 and a U.S. federal statutory corporate income tax rate of 21% in future fiscal years. The effective tax rates for the third quarter and first nine months of fiscal 2017 were primarily driven by the U.S. research and development tax credit and foreign earnings in jurisdictions with tax rates that vary from the U.S. statutory rate. The tax rate for the first nine months of fiscal 2017 was also impacted by the reversal of previously recorded reserves as the result of the effective settlement of the Company’s IRS audit for its fiscal years 2010 and 2013 consolidated income tax and the establishment of a valuation allowance against the deferred tax assets of the Company’s Brazilian subsidiary.

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Apr. 01, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies The Company is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees. On May 12, 2010, Exmark Manufacturing Company, Inc. filed suit against Briggs & Stratton Power Products Group, LLC (“BSPPG”), a wholly owned subsidiary of the Company that was subsequently merged with and into the Company on January 1, 2017 (Case No. 8:10CV187, U.S. District Court for the District of Nebraska), alleging that certain Ferris® and Snapper Pro® mower decks infringed an Exmark mower deck patent. Exmark sought damages relating to sales since May 2004, attorneys’ fees, and enhanced damages. As a result of a reexamination proceeding in 2012, the United States Patent and Trademark Office (“USPTO”) initially rejected the asserted Exmark claims as invalid. However, in 2014, that decision was reversed by the USPTO on appeal by Exmark. Following discovery, each of BSPPG and Exmark filed several motions for summary judgment in the Nebraska district court, which were decided on July 28, 2015. The court concluded that older mower deck designs infringed Exmark’s patent, leaving for trial the issues of whether current designs infringed, the amount of damages, and whether any infringement was willful. The trial began on September 8, 2015, and on September 18, 2015, the jury returned its verdict, finding that BSPPG’s current mower deck designs do not infringe the Exmark patent. As to the older designs, the jury awarded Exmark $24.3 million in damages and found that the infringement was willful, allowing the judge to enhance the jury’s damages award post-trial by up to three times. Also on September 18, 2015, the U.S. Court of Appeals for the Federal Circuit issued its decision in an unrelated case, SCA Hygiene Products Aktiebolag SCA Personal Care, Inc. v. First Quality Baby Products, LLC, et al. (Case No. 2013-1564) (“SCA”), confirming the availability of laches as a defense to patent infringement claims. Laches is an equitable doctrine that may bar a patent owner from obtaining damages prior to commencing suit, in circumstances in which the owner knows or should have known its patent was being infringed for more than six years. Although the court in the Exmark case ruled before trial that BSPPG could not rely on the defense of laches, as a result of the subsequent SCA decision, the court held a bench trial on that defense on October 21 and 22, 2015. On May 2, 2016, the United States Supreme Court agreed to review the SCA decision. The parties submitted post-trial motions and briefing related to: damages; willfulness; laches; attorney fees; enhanced damages; and prejudgment/post-judgment interest and costs. All post-trial motions and briefing were completed on December 18, 2015. On May 11, 2016, the court ruled on those post-trial motions and entered judgment against BSPPG and in favor of Exmark in the amount of $24.3 million in compensatory damages, an additional $24.3 million in enhanced damages, and $1.5 million in pre-judgment interest along with post-judgment interest and costs to be determined. The Company strongly disagrees with the jury verdict, certain rulings made before and during trial, and the May 11, 2016 post-trial rulings. BSPPG appealed to the U.S. Court of Appeals for the Federal Circuit on several bases, including the issues of obviousness and invalidity of Exmark’s patent, the damages calculation, willfulness and laches. Following briefing of the appeal and prior to oral argument, the United States Supreme Court overturned the SCA decision, ruling that laches is not available in a patent infringement case for damages. That ruling eliminated laches as one basis for BSPPG’s appeal of the Exmark case. The appellate court held a hearing on the remainder of BSPPG’s appeal on April 5, 2017 and issued its decision on January 12, 2018. The appellate court found that the district court erred in granting summary judgment concerning the patent’s validity and remanded that issue to the district court for reconsideration. The appellate court also vacated the jury’s damages award and the district court’s award of enhanced damages, remanding the case to the district court for a new trial on damages and reconsideration on willfulness. The appellate court affirmed the district court rulings in all other respects. The new trial has been scheduled to begin on December 10, 2018. The parties are currently in the process of briefing pre-trial motions. In assessing whether the Company should accrue a liability in its financial statements as a result of the May 11, 2016 post-trial rulings and related matters, the Company considered various factors, including the legal and factual circumstances of the case, the trial record, the post-trial orders, the current status of the proceedings, applicable law, the views of legal counsel, and the decision of the appellate court. As a result of this review, the Company has concluded that a loss from this case is not probable and reasonably estimable at this time and, therefore, a liability has not been recorded with respect to this case as of April 1, 2018. Although it is not possible to predict with certainty the outcome of this and other unresolved legal actions or the range of possible loss, the Company believes the unresolved legal actions will not have a material adverse effect on its results of operations, financial position or cash flows.

Segment Information

Segment Information	9 Months Ended
	Apr. 01, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company aggregates operating segments that have similar economic characteristics, products, production processes, types or classes of customers and distribution methods into reportable segments. The Company concluded that it operates two reportable segments: Engines and Products. The Company uses “segment income (loss)” as the primary measure to evaluate operating performance and allocate capital resources for the Engines and Products Segments. For all periods presented, segment income (loss) is equal to income (loss) from operations. Summarized segment data is as follows (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, NET SALES: Engines $ 384,292 $ 391,063 $ 790,543 $ 806,298 Products 245,169 233,510 653,845 575,007 Inter-Segment Eliminations (25,392 ) (27,608 ) (64,789 ) (69,307 ) Total* $ 604,069 $ 596,965 $ 1,379,599 $ 1,311,998 * International sales included in net sales based on product shipment destination $ 160,653 $ 171,565 $ 432,538 $ 440,179 GROSS PROFIT: Engines $ 96,780 $ 98,814 $ 183,428 $ 191,373 Products 32,773 34,946 105,570 91,075 Inter-Segment Eliminations 720 1,011 405 251 Total $ 130,273 $ 134,771 $ 289,403 $ 282,699 SEGMENT INCOME: Engines $ 47,989 $ 50,946 $ 36,590 $ 57,216 Products 2,392 5,614 14,356 9,177 Inter-Segment Eliminations 720 1,011 405 251 Total $ 51,101 $ 57,571 $ 51,351 $ 66,644 Pre-tax business optimization charges included in gross profit were as follows (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Engines $ 903 $ — $ 2,031 $ — Products 971 — 2,493 — Total $ 1,874 $ — $ 4,524 $ — Pre-tax business optimization charges included in segment income (loss) were as follows (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Engines $ 2,896 $ — $ 7,243 $ — Products 1,309 — 5,259 — Total $ 4,205 $ — $ 12,502 $ —

Debt

Debt	9 Months Ended
	Apr. 01, 2018
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s indebtedness (in thousands): April 1, July 2, Multicurrency Credit Agreement $ 131,556 $ — Total Short-Term Debt $ 131,556 $ — Note Payable (NMTC transaction) $ 7,685 $ — Unamortized Debt Issuance Costs associated with Note Payable 1,050 — $ 6,635 $ — 6.875% Senior Notes $ 203,368 $ 223,149 Unamortized Debt Issuance Costs associated with 6.875% Senior Notes 1,036 1,356 $ 202,332 $ 221,793 Total Long-Term Debt $ 208,967 $ 221,793 On December 20, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020 . During the three and nine month periods ended April 1, 2018 , the Company repurchased $19.8 million of the Senior Notes after receiving unsolicited offers from bondholders. There were no repurchases during the three and nine month periods ended April 2, 2017 . On March 25, 2016, the Company entered into a $500 million amended and restated multicurrency credit agreement (the “Revolver”) that matures on March 25, 2021 . The Revolver amended and restated the Company’s $500 million multicurrency credit agreement dated as of October 13, 2011 (as previously amended), which would have matured on October 21, 2018 . The initial maximum availability under the Revolver is $500 million . Availability under the revolving credit facility is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the revolving credit facility by up to $250 million if certain conditions are satisfied. As of April 1, 2018 , $131.6 million was outstanding under the Revolver. There were no borrowings under the Revolver as of July 2, 2017. The Company classifies debt issuance costs related to the Revolver as an asset, regardless of whether it has any outstanding borrowings on the line of credit arrangements. The Senior Notes and the Revolver contain restrictive covenants. These covenants include restrictions on the ability of the Company and/or certain subsidiaries to pay dividends, repurchase equity interests of the Company and certain subsidiaries, incur indebtedness, create liens, consolidate and merge and dispose of assets, and enter into transactions with the Company's affiliates. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose on the Company a maximum average leverage ratio. On August 16, 2017, the Company entered into a financing transaction with SunTrust Community Capital, LLC (“SunTrust”) related to the Company's business optimization program under the New Markets Tax Credit (“NMTC”) program. The NMTC program was provided for in the Community Renewal Tax Relief Act of 2000 (the “Act”) and is intended to induce capital investment in qualified low-income communities. The Act permits taxpayers to claim credits against their Federal income taxes for qualified investments in the equity of community development entities (“CDEs”). CDEs are privately managed investment institutions that are certified to make qualified low-income community investments (“QLICIs”). In connection with the financing, one of the Company’s subsidiaries loaned approximately $ 16 million to an investment fund, and simultaneously, SunTrust contributed approximately $ 8 million to the investment fund. SunTrust is entitled to substantially all of the benefits derived from the NMTCs. SunTrust’s contribution, net of syndication fees, is included in Other Long-Term Liabilities on the consolidated balance sheets. The Company incurred approximately $1.2 million in new debt issuance costs, which are being amortized over the life of the note payable. The investment fund contributed the proceeds to certain CDEs, which, in turn, loaned the funds to the Company, as partial financing for the business optimization program. The proceeds of the loans from the CDEs (including loans representing the capital contribution made by SunTrust, net of syndication fees) are restricted for use on the project. Restricted cash of $ 9.1 million held by the Company at April 1, 2018 is included in Prepaid Expenses and Other Current Assets in the accompanying consolidated balance sheet. This financing also includes a put/call provision that can be exercised beginning in August 2024 whereby the Company may be obligated or entitled to repurchase SunTrust’s interest in the investment fund for a de minimis amount. The Company has determined that the financing arrangement is a variable interest entity (“VIE”) and has consolidated the VIE in accordance with the accounting standard for consolidation.

Accumulated Other Comprehensi21

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Apr. 01, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables set forth the changes in accumulated other comprehensive income (loss) (in thousands): Three Months Ended April 1, 2018 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (21,497 ) $ 971 $ (269,728 ) $ (290,254 ) Other Comprehensive Income before Reclassification 4,349 606 — 4,955 Income Tax Benefit (Expense) — (146 ) — (146 ) Net Other Comprehensive Income Before Reclassifications 4,349 460 — 4,809 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — 2,121 — 2,121 Realized (Gains) Losses - Commodity Contracts (1) — 33 — 33 Realized (Gains) Losses - Interest Rate Swaps (1) — (80 ) — (80 ) Amortization of Prior Service Costs (Credits) (2) — — (314 ) (314 ) Amortization of Actuarial Losses (2) — — 4,696 4,696 Total Reclassifications Before Tax — 2,074 4,382 6,456 Income Tax Expense (Benefit) — (500 ) (1,057 ) (1,557 ) Net Reclassifications — 1,574 3,325 4,899 Other Comprehensive Income 4,349 2,034 3,325 9,708 Ending Balance $ (17,148 ) $ 3,005 $ (266,403 ) $ (280,546 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans. Three Months Ended April 2, 2017 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (30,313 ) $ 1,216 $ (307,855 ) $ (336,952 ) Other Comprehensive Income before Reclassification 4,646 (778 ) — 3,868 Income Tax Benefit (Expense) — 292 — 292 Net Other Comprehensive Income Before Reclassifications 4,646 (486 ) — 4,160 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — (368 ) — (368 ) Realized (Gains) Losses - Commodity Contracts (1) — 53 — 53 Realized (Gains) Losses - Interest Rate Swaps (1) — 169 — 169 Amortization of Prior Service Costs (Credits) (2) — — (618 ) (618 ) Amortization of Actuarial Losses (2) — — 4,763 4,763 Total Reclassifications Before Tax — (146 ) 4,145 3,999 Income Tax Expense (Benefit) — 55 (1,555 ) (1,500 ) Net Reclassifications — (91 ) 2,590 2,499 Other Comprehensive Income 4,646 (577 ) 2,590 6,659 Ending Balance $ (25,667 ) $ 639 $ (305,265 ) $ (330,293 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans. Nine Months Ended April 1, 2018 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (24,744 ) $ (76 ) $ (275,206 ) $ (300,026 ) Other Comprehensive Income before Reclassification 7,596 (149 ) — 7,447 Income Tax Benefit (Expense) — 137 — 137 Net Other Comprehensive Income Before Reclassifications 7,596 (12 ) — 7,584 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — 4,537 — 4,537 Realized (Gains) Losses - Commodity Contracts (1) — 65 — 65 Realized (Gains) Losses - Interest Rate Swaps (1) — (97 ) — (97 ) Amortization of Prior Service Costs (Credits) (2) — — (942 ) (942 ) Amortization of Actuarial Losses (2) — — 14,089 14,089 Total Reclassifications Before Tax — 4,505 13,147 17,652 Income Tax Expense (Benefit) — (1,412 ) (4,344 ) (5,756 ) Net Reclassifications — 3,093 8,803 11,896 Other Comprehensive Income 7,596 3,081 8,803 19,480 Ending Balance $ (17,148 ) $ 3,005 $ (266,403 ) $ (280,546 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans. Nine Months Ended April 2, 2017 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (23,863 ) $ (1,552 ) $ (313,035 ) $ (338,450 ) Other Comprehensive Income before Reclassification (1,804 ) 3,056 — 1,252 Income Tax Benefit (Expense) — (1,146 ) — (1,146 ) Net Other Comprehensive Income Before Reclassifications (1,804 ) 1,910 — 106 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — (421 ) — (421 ) Realized (Gains) Losses - Commodity Contracts (1) — 253 — 253 Realized (Gains) Losses - Interest Rate Swaps (1) — 618 — 618 Amortization of Prior Service Costs (Credits) (2) — — (1,855 ) (1,855 ) Amortization of Actuarial Losses (2) — — 14,289 14,289 Total Reclassifications Before Tax — 450 12,434 12,884 Income Tax Expense (Benefit) — (169 ) (4,664 ) (4,833 ) Net Reclassifications — 281 7,770 8,051 Other Comprehensive Income (1,804 ) 2,191 7,770 8,157 Ending Balance $ (25,667 ) $ 639 $ (305,265 ) $ (330,293 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 8 for information related to derivative financial instruments. (2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 6 for information related to pension and postretirement benefit plans.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Apr. 01, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Information on earnings per share is as follows (in thousands, except per share data): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Net Income $ 31,888 $ 35,819 $ 504 $ 36,922 Less: Allocation to Participating Securities (626 ) (821 ) (301 ) (776 ) Net Income Available to Common Shareholders $ 31,262 $ 34,998 $ 203 $ 36,146 Average Shares of Common Stock Outstanding 42,064 42,076 42,108 42,217 Shares Used in Calculating Diluted Earnings Per Share 42,307 42,175 42,362 42,271 Basic Earnings Per Share $ 0.74 $ 0.83 $ 0.00 $ 0.86 Diluted Earnings Per Share $ 0.74 $ 0.83 $ 0.00 $ 0.86
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares: Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Options to Purchase Shares of Common Stock (in thousands) — — — — Weighted Average Exercise Price of Options Excluded $ — $ — $ — $ —

Investments Schedule of Equity

Investments Schedule of Equity Method Investments (Tables)	9 Months Ended
	Apr. 01, 2018
Schedule of Equity Method Investments [Line Items]
Schedule Of Results Of Operations Of Unconsolidated Affiliated Companies [Table Text Block]	The following table sets forth the unaudited results of operations of unconsolidated affiliated companies for the three and nine months ended April 1, 2018 and April 2, 2017 (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Results of Operations: Sales $ 78,271 $ 77,174 $ 234,664 $ 227,922 Cost of Goods Sold 59,992 59,091 179,794 172,338 Gross Profit $ 18,279 $ 18,083 $ 54,870 $ 55,584 Net Income $ 4,444 $ 5,137 $ 14,202 $ 14,238
Schedule Of Balance Sheets Of Unconsolidated Affiliated Companies [Table Text Block]	The following table sets forth the unaudited balance sheets of unconsolidated affiliated companies as of April 1, 2018 and July 2, 2017 (in thousands): April 1, July 2, Financial Position: Assets: Current Assets $ 152,729 $ 157,117 Noncurrent Assets 47,842 54,748 200,571 211,865 Liabilities: Current Liabilities $ 60,406 $ 61,346 Noncurrent Liabilities 21,391 25,399 81,797 86,745 Equity $ 118,774 $ 125,120

Pension and Postretirement Be24

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Apr. 01, 2018
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following tables summarize the plans’ income and expense for the periods indicated (in thousands): Pension Benefits Other Postretirement Benefits Three Months Ended Three Months Ended April 1, April 2, April 1, April 2, Components of Net Periodic (Income) Expense: Service Cost $ 601 $ 1,689 $ 34 $ 48 Interest Cost on Projected Benefit Obligation 10,767 10,839 593 596 Expected Return on Plan Assets (15,478 ) (16,107 ) — — Amortization of: Prior Service Cost (Credit) 45 45 (359 ) (663 ) Actuarial Loss 3,833 4,239 863 699 Net Periodic (Income) Expense $ (232 ) $ 705 $ 1,131 $ 680 Pension Benefits Other Postretirement Benefits Nine Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Components of Net Periodic (Income) Expense: Service Cost $ 1,802 $ 5,068 $ 101 $ 143 Interest Cost on Projected Benefit Obligation 32,301 32,517 1,779 1,787 Expected Return on Plan Assets (46,434 ) (48,320 ) — — Amortization of: Prior Service Cost (Credit) 134 135 (1,076 ) (1,990 ) Actuarial Loss 11,499 12,718 2,590 2,097 Net Periodic (Income) Expense $ (698 ) $ 2,118 $ 3,394 $ 2,037

Derivative Instruments and He25

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Apr. 01, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Contracts	As of April 1, 2018 and July 2, 2017 , the Company had the following outstanding derivative contracts (in thousands): Contract Notional Amount April 1, July 2, Interest Rate: LIBOR Interest Rate (U.S. Dollars) Fixed 110,000 95,000 Foreign Currency: Australian Dollar Sell 46,492 39,196 Brazilian Real Sell 29,322 28,137 Canadian Dollar Sell 16,495 14,725 Chinese Renminbi Buy 100,345 74,950 Euro Sell 44,412 31,240 Japanese Yen Buy 678,250 570,000 Commodity: Natural Gas (Therms) Buy 9,025 11,307
Schedule of Derivative Instruments in Consolidated Condensed Balance Sheets, Fair Value	The location and fair value of derivative instruments reported in the Condensed Consolidated Balance Sheets are as follows (in thousands): Balance Sheet Location Asset (Liability) Fair Value April 1, July 2, Interest rate contracts Other Long-Term Assets $ 3,705 $ 1,852 Accrued Liabilities — (23 ) Other Long-Term Liabilities — (39 ) Foreign currency contracts Other Current Assets 2,019 157 Other Long-Term Assets 84 31 Accrued Liabilities (2,588 ) (3,050 ) Other Long-Term Liabilities (325 ) (68 ) Commodity contracts Other Current Assets — 40 Other Long-Term Assets — 1 Accrued Liabilities (45 ) (22 ) Other Long-Term Liabilities (24 ) (11 ) $ 2,826 $ (1,132 )
Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)	The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Loss is as follows (in thousands): Three Months Ended April 1, 2018 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 1,151 Net Sales $ 80 $ — Foreign currency contracts - sell 289 Net Sales (2,261 ) — Foreign currency contracts - buy 566 Cost of Goods Sold 140 — Commodity contracts 28 Cost of Goods Sold (33 ) — $ 2,034 $ (2,074 ) $ — Three Months Ended April 2, 2017 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 214 Net Sales $ (169 ) $ — Foreign currency contracts - sell (1,453 ) Net Sales 1,330 — Foreign currency contracts - buy 786 Cost of Goods Sold (962 ) — Commodity contracts (124 ) Cost of Goods Sold (53 ) — $ (577 ) $ 146 $ — Nine Months Ended April 1, 2018 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 1,695 Net Sales $ 97 $ — Foreign currency contracts - sell 405 Net Sales (3,935 ) — Foreign currency contracts - buy 1,038 Cost of Goods Sold (602 ) — Commodity contracts (57 ) Cost of Goods Sold (65 ) — $ 3,081 $ (4,505 ) $ — Nine Months Ended April 2, 2017 Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion) Classification of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Recognized in Earnings (Ineffective Portion) Interest rate contracts $ 2,143 Net Sales $ (618 ) $ — Foreign currency contracts - sell 500 Net Sales 1,730 — Foreign currency contracts - buy (615 ) Cost of Goods Sold (1,309 ) — Commodity contracts 163 Cost of Goods Sold (253 ) — $ 2,191 $ (450 ) $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Apr. 01, 2018
Fair Value Disclosures [Abstract]
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis	The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of April 1, 2018 and July 2, 2017 (in thousands): Fair Value Measurements Using April 1, Level 1 Level 2 Level 3 Assets: Derivatives $ 5,809 $ — $ 5,809 $ — Liabilities: Derivatives $ 2,983 $ — $ 2,983 $ — July 2, Level 1 Level 2 Level 3 Assets: Derivatives $ 2,081 $ — $ 2,081 $ — Liabilities: Derivatives $ 3,213 $ — $ 3,213 $ —

Warranty (Tables)

Warranty (Tables)	9 Months Ended
	Apr. 01, 2018
Standard Product Warranty Disclosure [Abstract]
Schedule of Warranty Liability	The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands): Nine Months Ended April 1, April 2, Beginning Balance $ 43,109 $ 44,367 Payments (17,941 ) (20,349 ) Provision for Current Year Warranties 18,633 18,212 Changes in Estimates 961 237 Ending Balance $ 44,762 $ 42,467

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Apr. 01, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summarized segment data is as follows (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, NET SALES: Engines $ 384,292 $ 391,063 $ 790,543 $ 806,298 Products 245,169 233,510 653,845 575,007 Inter-Segment Eliminations (25,392 ) (27,608 ) (64,789 ) (69,307 ) Total* $ 604,069 $ 596,965 $ 1,379,599 $ 1,311,998 * International sales included in net sales based on product shipment destination $ 160,653 $ 171,565 $ 432,538 $ 440,179 GROSS PROFIT: Engines $ 96,780 $ 98,814 $ 183,428 $ 191,373 Products 32,773 34,946 105,570 91,075 Inter-Segment Eliminations 720 1,011 405 251 Total $ 130,273 $ 134,771 $ 289,403 $ 282,699 SEGMENT INCOME: Engines $ 47,989 $ 50,946 $ 36,590 $ 57,216 Products 2,392 5,614 14,356 9,177 Inter-Segment Eliminations 720 1,011 405 251 Total $ 51,101 $ 57,571 $ 51,351 $ 66,644
Restructuring Charges Impact on Gross Profit by Segment	Pre-tax business optimization charges included in gross profit were as follows (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Engines $ 903 $ — $ 2,031 $ — Products 971 — 2,493 — Total $ 1,874 $ — $ 4,524 $ —
Restructuring Charges Impact on Operating Income Loss by Segment	Pre-tax business optimization charges included in segment income (loss) were as follows (in thousands): Three Months Ended Nine Months Ended April 1, April 2, April 1, April 2, Engines $ 2,896 $ — $ 7,243 $ — Products 1,309 — 5,259 — Total $ 4,205 $ — $ 12,502 $ —

Debt (Tables)

Debt (Tables)	9 Months Ended
	Apr. 01, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Indebtedness	The following is a summary of the Company’s indebtedness (in thousands): April 1, July 2, Multicurrency Credit Agreement $ 131,556 $ — Total Short-Term Debt $ 131,556 $ — Note Payable (NMTC transaction) $ 7,685 $ — Unamortized Debt Issuance Costs associated with Note Payable 1,050 — $ 6,635 $ — 6.875% Senior Notes $ 203,368 $ 223,149 Unamortized Debt Issuance Costs associated with 6.875% Senior Notes 1,036 1,356 $ 202,332 $ 221,793 Total Long-Term Debt $ 208,967 $ 221,793

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 4,955	$ 3,868	$ 7,447	$ 1,252
Other Comprehensive Income (Loss) before Reclassifications, Tax	(146)	292	137	(1,146)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	4,809	4,160	7,584	106
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(290,254)	(336,952)	(300,026)	(338,450)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	6,456	3,999	17,652	12,884
Income Tax Expense (Benefit)	(1,557)	(1,500)	(5,756)	(4,833)
Net Reclassifications	4,899	2,499	11,896	8,051
Other Comprehensive Income (Loss)	9,708	6,659	19,480	8,157
Ending Balance	(280,546)	(330,293)	(280,546)	(330,293)
Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(314)	(618)	(942)	(1,855)
Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	4,696	4,763	14,089	14,289
Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	2,121	(368)	4,537	(421)
Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	33	53	65	253
Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(80)	169	(97)	618
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	4,349	4,646	7,596	(1,804)
Other Comprehensive Income (Loss) before Reclassifications, Tax	0	0	0	0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	4,349	4,646	7,596	(1,804)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(21,497)	(30,313)	(24,744)	(23,863)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Income Tax Expense (Benefit)	0	0	0	0
Net Reclassifications	0	0	0	0
Other Comprehensive Income (Loss)	4,349	4,646	7,596	(1,804)
Ending Balance	(17,148)	(25,667)	(17,148)	(25,667)
Accumulated Translation Adjustment [Member] | Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	606	(778)	(149)	3,056
Other Comprehensive Income (Loss) before Reclassifications, Tax	(146)	292	137	(1,146)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	460	(486)	(12)	1,910
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	971	1,216	(76)	(1,552)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	2,074	(146)	4,505	450
Income Tax Expense (Benefit)	(500)	55	(1,412)	(169)
Net Reclassifications	1,574	(91)	3,093	281
Other Comprehensive Income (Loss)	2,034	(577)	3,081	2,191
Ending Balance	3,005	639	3,005	639
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	2,121	(368)	4,537	(421)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	33	53	65	253
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(80)	169	(97)	618
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	0	0	0	0
Other Comprehensive Income (Loss) before Reclassifications, Tax	0	0	0	0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(269,728)	(307,855)	(275,206)	(313,035)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	4,382	4,145	13,147	12,434
Income Tax Expense (Benefit)	(1,057)	(1,555)	(4,344)	(4,664)
Net Reclassifications	3,325	2,590	8,803	7,770
Other Comprehensive Income (Loss)	3,325	2,590	8,803	7,770
Ending Balance	(266,403)	(305,265)	(266,403)	(305,265)
Accumulated Defined Benefit Plans Adjustment [Member] | Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(314)	(618)	(942)	(1,855)
Accumulated Defined Benefit Plans Adjustment [Member] | Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	4,696	4,763	14,089	14,289
Accumulated Defined Benefit Plans Adjustment [Member] | Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Defined Benefit Plans Adjustment [Member] | Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Defined Benefit Plans Adjustment [Member] | Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	$ 0	$ 0	$ 0	$ 0

Earnings Per Share Earnings (Lo

Earnings Per Share Earnings (Loss) Per Share Information (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Net Income (Loss)	$ 31,888	$ 35,819	$ 504	$ 36,922
Less: Allocation to Participating Securities	(626)	(821)	(301)	(776)
Net Loss Available to Common Shareholders	$ 31,262	$ 34,998	$ 203	$ 36,146
Average Shares of Common Stock Outstanding	42,064	42,076	42,108	42,217
Shares Used in Calculating Diluted Earnings (Loss) Per Share	42,307	42,175	42,362	42,271
Basic Earnings (Loss) Per Share	$ 0.74	$ 0.83	$ 0	$ 0.86
Diluted Earnings (Loss) Per Share	$ 0.74	$ 0.83	$ 0	$ 0.86

Earnings Per Share Antidilutive

Earnings Per Share Antidilutive Shares Information (Details) - Employee Stock Option [Member] - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to Purchase Shares of Common Stock	0	0	0	0
Weighted Average Exercise Price Of Options Excluded	$ 0	$ 0	$ 0	$ 0

Earnings Per Share Share Repurc

Earnings Per Share Share Repurchase Information (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 24, 2018	Apr. 21, 2016
Stock Repurchase Program, Authorized Amount				$ 50
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 21.8
Treasury Stock, Shares, Acquired	382,806	916,040
Treasury Stock Acquired, Average Cost Per Share	$ 22.76	$ 19.57
Subsequent Event [Member]
Stock Repurchase Program, Authorized Amount			$ 50

Investments Schedule of Investm

Investments Schedule of Investments in Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017	Jul. 02, 2017
Schedule of Available-for-sale Securities [Line Items]
Revenue from Related Parties			$ 65,100	$ 75,900
Purchases Of Finished Products From Equity Method Investees			86,800	82,300
Equity Method Investment, Summarized Financial Information, Current Assets	$ 152,729		152,729		$ 157,117
Equity Method Investment, Summarized Financial Information, Revenue	78,271	$ 77,174	234,664	227,922
Equity Method Investment, Summarized Financial Information, Cost of Sales	59,992	59,091	179,794	172,338
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)	18,279	18,083	54,870	55,584
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	4,444	$ 5,137	14,202	$ 14,238
Equity Method Investment, Summarized Financial Information, Noncurrent Assets	47,842		47,842		54,748
Equity Method Investment, Summarized Financial Information, Assets	200,571		200,571		211,865
Equity Method Investment, Summarized Financial Information, Liabilities [Abstract]
Equity Method Investment, Summarized Financial Information, Current Liabilities	60,406		60,406		61,346
Equity Method Investment, Summarized Financial Information, Noncurrent Liabilities	21,391		21,391		25,399
Equity Method Investment, Summarized Financial Information, Liabilities	81,797		81,797		86,745
Equity Method Investment, Summarized Financial Information, Equity Excluding Noncontrolling Interests	$ 118,774		$ 118,774		$ 125,120

Pension and Postretirement Be35

Pension and Postretirement Benefits Net Periodic Income and Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	$ 601	$ 1,689	$ 1,802	$ 5,068
Interest Cost on Projected Benefit Obligation	10,767	10,839	32,301	32,517
Expected Return on Plan Assets	(15,478)	(16,107)	(46,434)	(48,320)
Amortization of Prior Service Cost (Credit)	45	45	134	135
Amortization of Actuarial Loss	3,833	4,239	11,499	12,718
Net Periodic Expense (Income)	(232)	705	(698)	2,118
Other Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	34	48	101	143
Interest Cost on Projected Benefit Obligation	593	596	1,779	1,787
Expected Return on Plan Assets	0	0	0	0
Amortization of Prior Service Cost (Credit)	(359)	(663)	(1,076)	(1,990)
Amortization of Actuarial Loss	863	699	2,590	2,097
Net Periodic Expense (Income)	$ 1,131	$ 680	$ 3,394	$ 2,037

Pension and Postretirement Be36

Pension and Postretirement Benefits Pension and Postretirement Benefits (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 0
Cash Contributions to Qualified Pension Plans	30,000	$ 0
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	10,100
Payment for Other Postretirement Benefits	7,500
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	3,300
Defined Benefit Plan, Benefits Paid	$ 2,900

Stock Incentives Stock Incentiv

Stock Incentives Stock Incentives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Compensation Expense	$ 1,400	$ 1,700	$ 5,312	$ 4,560

Derivative Instruments and He38

Derivative Instruments and Hedging Activities Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 01, 2018	Jul. 02, 2017
Derivative [Line Items]
Net Cash Flow Hedge Losses (Gains) to be Reclassified into Earnings within Twelve Months	$ (100)
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 110,000	$ 95,000
Minimum [Member]
Derivative [Line Items]
Derivative, Lower Fixed Interest Rate Range	0.98%
Minimum [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	May 1, 2019
Maximum [Member]
Derivative [Line Items]
Derivative, Lower Fixed Interest Rate Range	2.00%
Maximum [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	Dec. 1, 2021

Derivative Instruments and He39

Derivative Instruments and Hedging Activities Notional Amounts (Details) € in Thousands, ¥ in Thousands, ¥ in Thousands, R$ in Thousands, BTU in Thousands, $ in Thousands, $ in Thousands, $ in Thousands

Apr. 01, 2018CAD ($)BTU

Apr. 01, 2018EUR (€)BTU

Apr. 01, 2018USD ($)BTU

Apr. 01, 2018AUD ($)BTU

Apr. 01, 2018BRL (R$)BTU

Apr. 01, 2018JPY (¥)BTU

Apr. 01, 2018CNY (¥)BTU

Jul. 02, 2017CAD ($)BTU

Jul. 02, 2017EUR (€)BTU

Jul. 02, 2017USD ($)BTU

Jul. 02, 2017AUD ($)BTU

Jul. 02, 2017BRL (R$)BTU

Jul. 02, 2017JPY (¥)BTU

Jul. 02, 2017CNY (¥)BTU

Interest Rate Contract [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 110,000

$ 95,000

Australian Dollar, Sell [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 46,492

$ 39,196

Brazilian Real, Buy [Member] [Domain]

Derivative [Line Items]

Derivative, Notional Amount | R$

R$ 29322

R$ 28137

Canadian Dollar, Sell [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 16,495

$ 14,725

Chinese Renminbi, Buy [Member] [Domain]

Derivative [Line Items]

Derivative, Notional Amount | ¥

¥ 100,345

¥ 74,950

Euro, Sell [Member]

Derivative [Line Items]

Derivative, Notional Amount | €

€ 44,412

€ 31,240

Japanese Yen, Buy [Member]

Derivative [Line Items]

Derivative, Notional Amount | ¥

¥ 678,250

¥ 570,000

Natural Gas [Member]

Derivative [Line Items]

Nonmonetary Notional Amount Derivatives (in ones) | BTU

9,025

9,025

9,025

9,025

9,025

9,025

9,025

11,307

11,307

11,307

11,307

11,307

11,307

11,307

Derivative Instruments and He40

Derivative Instruments and Hedging Activities Balance Sheet Location (Details) - USD ($) $ in Thousands	Apr. 01, 2018	Jul. 02, 2017
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 2,826	$ (1,132)
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	2,019	157
Commodity Contracts at Fair Value	0	40
Other Long-Term Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	3,705	1,852
Foreign Currency Contracts at Fair Value	84	31
Commodity Contracts at Fair Value	0	1
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	0	(23)
Foreign Currency Contracts at Fair Value	(2,588)	(3,050)
Commodity Contracts at Fair Value	(45)	(22)
Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	0	(39)
Foreign Currency Contracts at Fair Value	(325)	(68)
Commodity Contracts at Fair Value	$ (24)	$ (11)

Derivative Instruments and He41

Derivative Instruments and Hedging Activities Effect of Derivatives on Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 2,034	$ (577)	$ 3,081	$ 2,191
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2,074)	146	(4,505)	(450)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	1,151	214	1,695	2,143
Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	289	(1,453)	405	500
Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	566	786	1,038	(615)
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	28	(124)	(57)	163
Net Sales [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	80	(169)	97	(618)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Net Sales [Member] | Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2,261)	1,330	(3,935)	1,730
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Cost of Sales [Member] | Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	140	(962)	(602)	(1,309)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Cost of Sales [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(33)	(53)	(65)	(253)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Apr. 01, 2018	Jul. 02, 2017
Liabilities, Derivatives	$ 2,983	$ 3,213
Fair Value Measurements Using Level 1 [Member]
Liabilities, Derivatives	0	0
Fair Value Measurements Using Level 2 [Member]
Liabilities, Derivatives	2,983	3,213
Fair Value Measurements Using Level 3 [Member]
Liabilities, Derivatives	0	0
Derivative Financial Instruments, Assets [Member]
Assets, Derivatives	5,809	2,081
Derivative Financial Instruments, Assets [Member] | Fair Value Measurements Using Level 1 [Member]
Assets, Derivatives	0	0
Derivative Financial Instruments, Assets [Member] | Fair Value Measurements Using Level 2 [Member]
Assets, Derivatives	5,809	2,081
Derivative Financial Instruments, Assets [Member] | Fair Value Measurements Using Level 3 [Member]
Assets, Derivatives	$ 0	$ 0

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Disclosures (Details) - USD ($) $ in Thousands	Apr. 01, 2018	Jul. 02, 2017	Dec. 15, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 220,200	$ 245,900
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	$ 203,368	$ 223,149	$ 225,000

Warranty (Details)

Warranty (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017
Warranty Accrual, Beginning Balance	$ 43,109	$ 44,367
Payments	(17,941)	(20,349)
Provision for Current Year Warranties	18,633	18,212
Changes in Estimates	961	237
Warranty Accrual, Ending Balance	$ 44,762	$ 42,467

Income Taxes Effective Tax Rate

Income Taxes Effective Tax Rate (Details)	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Income Tax Contingency [Line Items]
U.S. federal statutory corporate income tax rate as a result of the Tax Act, current fiscal year			28.00%
U.S. federal statutory corporate income tax rate as a result of the Tax Act, percent, future years			21.00%
Effective Income Tax Rate	26.80%	32.30%	98.50%	30.60%

Unrecognized Tax Benefits (Deta

Unrecognized Tax Benefits (Details) $ in Millions	9 Months Ended
	Apr. 01, 2018USD ($)
Income Tax Contingency [Line Items]
Total charges for Tax Cuts and Jobs Act	$ 24.2
Re-measurement of deferred tax assets and liabilities related to Tax Cuts and Jobs Act	17.7
Tax expense related to the deemed repatriation of previously undistributed foreign earnings related to the Tax Cuts and Jobs Act	6.5
Estimated tax impact of removal of permanent reinvestment assertion of foreign earnings	25
Distributions from foreign earnings related to the assertion removal in the second quarter	18
Foreign earnings the Company has yet to determine whether it intends to change its prior assertion and repatriate earnings	$ 102

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	9 Months Ended
	Apr. 01, 2018USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Enhanced Damages Awarded, Value	$ 24.3
Loss Contingency, Pre-Judgment Interest Awarded, Value	1.5
Loss Contingency, Damages Awarded, Value	$ 24.3

Segment Information Segment Inf

Segment Information Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Net Sales	$ 604,069	$ 596,965	$ 1,379,599	$ 1,311,998
Gross Profit	130,273	134,771	289,403	282,699
Segment Income (Loss)	51,101	57,571	51,351	66,644
International sales included in net sales based on product shipment destination	160,653	171,565	432,538	440,179
Engines [Member]
Net Sales	384,292	391,063	790,543	806,298
Gross Profit	96,780	98,814	183,428	191,373
Segment Income (Loss)	47,989	50,946	36,590	57,216
Products [Member]
Net Sales	245,169	233,510	653,845	575,007
Gross Profit	32,773	34,946	105,570	91,075
Segment Income (Loss)	2,392	5,614	14,356	9,177
Elimination [Member]
Net Sales	(25,392)	(27,608)	(64,789)	(69,307)
Gross Profit	720	1,011	405	251
Segment Income (Loss)	$ 720	$ 1,011	$ 405	$ 251

Segment Information Business Op

Segment Information Business Optimization Charges Impact on Gross Profit by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Cost Of Goods Sold Business Optimization Charges	$ 1,874	$ 0	$ 4,524	$ 0
Engines [Member]
Cost Of Goods Sold Business Optimization Charges	903	0	2,031	0
Products [Member]
Cost Of Goods Sold Business Optimization Charges	$ 971	$ 0	$ 2,493	$ 0

Segment Information Business 50

Segment Information Business Optimization Charges Impact on Segment Income (Loss) by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2018	Apr. 02, 2017	Apr. 01, 2018	Apr. 02, 2017
Business Optimization Charges	$ 4,205	$ 0	$ 12,502	$ 0
Engines [Member]
Business Optimization Charges	2,896	0	7,243	0
Products [Member]
Business Optimization Charges	$ 1,309	$ 0	$ 5,259	$ 0

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 01, 2018	Jul. 02, 2017	Apr. 02, 2017	Mar. 25, 2016	Dec. 15, 2010
Debt Instrument [Line Items]
Short-term Debt	$ 131,556	$ 0
Notes Payable	6,635	0
Long-term Debt	202,332	221,793
Long-term Debt, including Note Payable	208,967	221,793
Intercompany Loan to Investment Fund	16,000
SunTrust contribution to Investment Fund	8,000
Restricted cash related to New Markets Tax Credit	9,100
Debt issuance costs related to New Markets Tax Credit	1,200
Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 203,368	223,149			$ 225,000
Debt Instrument, Interest Rate, Stated Percentage					6.875%
Debt Instrument, Maturity Date	Dec. 15, 2020
Debt Instrument, Repurchase Amount	$ 19,781		$ 0
Unamortized Debt Issuance Expense	1,036	1,356
Multicurrency Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit, Current	$ 131,556	0
Line of Credit Facility, Maximum Borrowing Capacity				$ 500,000
Line of Credit Facility, Expiration Date	Mar. 25, 2021
Line Of Credit Facility Increased Available Maximum Borrowing Capacity				$ 250,000
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Notes Payable	$ 7,685	0
Unamortized Debt Issuance Expense	$ 1,050	$ 0