Briggs & Stratton (BGG) 10-Q 6 Nov 18 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2018	Oct. 26, 2018
Document Information [Line Items]
Entity Registrant Name	BRIGGS & STRATTON CORP
Entity Central Index Key	14,195
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		42,388,681

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Jul. 01, 2018
CURRENT ASSETS:
Cash and Cash Equivalents	$ 29,012	$ 44,923
Accounts Receivable, Net	185,188	182,801
Inventories:
Finished Products	385,624	290,108
Work in Process	148,702	111,409
Raw Materials	10,522	10,314
Total Inventories	544,848	411,831
Prepaid Expenses and Other Current Assets	34,811	39,651
Total Current Assets	793,859	679,206
OTHER ASSETS:
Goodwill	169,162	163,200
Investments	44,324	50,960
Other Intangible Assets, Net	99,263	95,864
Long-Term Deferred Income Tax Asset	31,463	12,149
Other Long-Term Assets, Net	22,166	20,507
Total Other Assets	366,378	342,680
PLANT AND EQUIPMENT:
Cost	1,183,485	1,175,165
Less - Accumulated Depreciation	766,515	753,085
Total Plant and Equipment, Net	416,970	422,080
TOTAL ASSETS	1,577,207	1,443,966
CURRENT LIABILITIES:
Accounts Payable	240,489	204,173
Short-Term Debt	201,406	48,036
Accrued Liabilities	128,265	131,897
Total Current Liabilities	570,160	384,106
OTHER LIABILITIES:
Accrued Pension Cost	186,455	189,872
Accrued Employee Benefits	20,138	20,196
Accrued Postretirement Health Care Obligation	28,705	30,186
Accrued Warranty	15,428	15,781
Other Long-Term Liabilities	36,095	33,447
Long-Term Debt	200,888	199,954
Total Other Liabilities	487,709	489,436
SHAREHOLDERS' INVESTMENT:
Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares	579	579
Additional Paid-In Capital	75,437	76,408
Retained Earnings	1,024,875	1,071,480
Accumulated Other Comprehensive Loss	(253,934)	(252,272)
Treasury Stock at cost, 14,942 Shares and 15,047 Shares, respectively	(327,619)	(325,771)
Total Shareholders' Investment	519,338	570,424
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ 1,577,207	$ 1,443,966

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2018	Jul. 01, 2018
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	15,400	15,237

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
NET SALES	$ 278,997	$ 329,094
COST OF GOODS SOLD	235,243	262,829
Gross Profit	43,754	66,265
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	100,858	86,471
Equity in Earnings of Unconsolidated Affiliates	2,973	3,613
Income from Operations	(54,131)	(16,593)
INTEREST EXPENSE	(5,161)	(4,957)
OTHER INCOME, Net	343	476
Income (Loss) Before Income Taxes	(58,949)	(21,074)
PROVISION (CREDIT) FOR INCOME TAXES	(17,963)	(6,036)
NET INCOME (LOSS)	$ (40,986)	$ (15,038)
Earnings (Loss) Per Share, Basic	$ (0.98)	$ (0.36)
Earnings (Loss) Per Share, Diluted	$ (0.98)	$ (0.36)
Weighted Average Number of Shares Outstanding, Basic	41,858	42,105
Weighted Average Number of Shares Outstanding, Diluted	41,858	42,105
DIVIDENDS PER SHARE	$ 0.14	$ 0.14

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Net Income (Loss)	$ (40,986)	$ (15,038)
Other Comprehensive Income (Loss):
Cumulative Translation Adjustments	(3,690)	3,928
Unrealized Gain on Derivative Instruments, Net of Tax	(698)	(532)
Unrecognized Pension & Postretirement Obligation, Net of Tax	2,726	2,720
Other Comprehensive Income (Loss)	(1,662)	6,116
Total Comprehensive Income (Loss)	$ (42,648)	$ (8,922)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 31,360	$ 74,869
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(40,986)	(15,038)
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:
Depreciation and Amortization	16,003	14,871
Stock Compensation Expense	2,632	2,306
Loss on Disposition of Plant and Equipment	0	1,103
Provision for Deferred Income Taxes	(20,482)	(1,040)
Equity in Earnings of Unconsolidated Affiliates	(3,910)	(3,613)
Dividends Received from Unconsolidated Affiliates	3,101	3,231
Payment for Pension Benefits	0
Change in Operating Assets and Liabilities:
Accounts Receivable	(1,465)	52,608
Inventories	(127,597)	(84,958)
Other Current Assets	8,014	(8,817)
Accounts Payable, Accrued Liabilities and Income Taxes	27,374	14,138
Other, Net	629	(4,298)
Net Cash Used in Operating Activities	(136,687)	(29,507)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures	(21,246)	(27,117)
Proceeds Received on Disposition of Plant and Equipment	0	374
Cash Paid for Acquisition, Net of Cash Acquired	(8,865)	0
Net Cash Used in Investing Activities	(30,111)	(26,743)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Revolver	153,371	64,500
Long Term Notes Payable	0	7,685
Debt Issuance Costs	0	(1,154)
Treasury Stock Purchases	(5,082)	(2,105)
Stock Option Exercise Proceeds and Tax Benefits	1,823	520
Payments Related to Shares Withheld for Taxes for Stock Compensation	(232)	(1,126)
Net Cash Provided by Financing Activities	149,880	68,320
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(940)	1,092
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(17,858)	13,162
CASH AND CASH EQUIVALENTS:
CASH AND CASH EQUIVALENTS, Beginning	44,923
CASH AND CASH EQUIVALENTS, Ending	$ 29,012	$ 44,923

Revenue Recognition Statement

Revenue Recognition Statement - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Revenues	$ 278,997
Reductions for tiered volume discounts included in net sales		$ 1,200
Reductions for rebates included in net sales		800
Financing costs, net of the related gain or loss on interest rate swaps, included in net sales		$ 700
Bad debt expense related to a trade customer declaring bankruptcy	4,000
Residential [Member]
Revenues	172,863
Commercial [Member]
Revenues	106,134
Engines [Member]
Revenues	119,090
Engines [Member] | Residential [Member]
Revenues	83,073
Engines [Member] | Commercial [Member]
Revenues	36,017
Intersegment Eliminations [Member]
Revenues	(13,135)
Intersegment Eliminations [Member] | Residential [Member]
Revenues	(11,669)
Intersegment Eliminations [Member] | Commercial [Member]
Revenues	(1,466)
Products [Member]
Revenues	173,042
Products [Member] | Residential [Member]
Revenues	101,459
Products [Member] | Commercial [Member]
Revenues	$ 71,583

General Information

General Information	3 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General Information	General Information Briggs & Stratton Corporation (the “Company”) is focused on providing power to get work done and make people's lives better. 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	3 Months Ended
	Sep. 30, 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 March 2017, the FASB issued ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which requires an employer to disaggregate the service cost component from the other components of net periodic pension costs within the statement of income. The guidance is applied on a retrospective basis, and became effective for the Company in fiscal 2019. Accordingly, the Company adopted this ASU effective July 2, 2018. Non-service cost components of net periodic pensions costs in the amount of $0.5 million and $0.2 million have been included in Other Income in the Statement of Operations for the three months ended September 30, 2018 and October 1, 2017 , respectively. 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. Accordingly, the Company has adopted this ASU effective July 2, 2018. The following table provides a reconciliation of the amount of cash and cash equivalents reported on the Condensed Consolidated Balance Sheets to the total of cash and cash equivalents and restricted cash shown on the Condensed Consolidated Statements of Cash Flows (in thousands): September 30, July 1, Cash and cash equivalents $ 29,012 $ 44,923 Restricted cash 2,348 4,295 Cash, cash equivalents and restricted cash $ 31,360 $ 49,218 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 adopted this standard effective July 1, 2018 and it did not 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 adopted this ASU effective July 2, 2018 using the modified retrospective approach and this standard did not have a material impact on the Company's Condensed Consolidated Financial Statements. Additional disclosures related to adoption of this ASU have been included at Note 4 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) (Notes)	3 Months Ended
	Sep. 30, 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 September 30, 2018 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (28,928 ) $ 6,486 $ (229,830 ) $ (252,272 ) Other Comprehensive Income (Loss) Before Reclassification (3,690 ) 252 — (3,438 ) Income Tax Benefit (Expense) — (61 ) — (61 ) Net Other Comprehensive Income (Loss) Before Reclassifications (3,690 ) 191 — (3,499 ) Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — (951 ) — (951 ) Realized (Gains) Losses - Commodity Contracts (1) — (4 ) — (4 ) Realized (Gains) Losses - Interest Rate Swaps (1) — (216 ) — (216 ) Amortization of Prior Service Costs (Credits) (2) — — (137 ) (137 ) Amortization of Actuarial Losses (2) — — 3,728 3,728 Total Reclassifications Before Tax — (1,171 ) 3,591 2,420 Income Tax Expense (Benefit) — 282 (865 ) (583 ) Net Reclassifications — (889 ) 2,726 1,837 Other Comprehensive Income (Loss) (3,690 ) (698 ) 2,726 (1,662 ) Ending Balance $ (32,618 ) $ 5,788 $ (227,104 ) $ (253,934 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 9 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 7 for information related to pension and postretirement benefit plans. Three Months Ended October 1, 2017 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (24,744 ) $ (76 ) $ (275,206 ) $ (300,026 ) Other Comprehensive Income (Loss) Before Reclassification 3,928 (3,206 ) — 722 Income Tax Benefit (Expense) — 1,202 — 1,202 Net Other Comprehensive Income (Loss) Before Reclassifications 3,928 (2,004 ) — 1,924 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — 2,349 — 2,349 Realized (Gains) Losses - Commodity Contracts (1) — 5 — 5 Realized (Gains) Losses - Interest Rate Swaps (1) — 2 — 2 Amortization of Prior Service Costs (Credits) (2) — — (314 ) (314 ) Amortization of Actuarial Losses (2) — — 4,665 4,665 Total Reclassifications Before Tax — 2,356 4,351 6,707 Income Tax Expense (Benefit) — (884 ) (1,631 ) (2,515 ) Net Reclassifications — 1,472 2,720 4,192 Other Comprehensive Income (Loss) 3,928 (532 ) 2,720 6,116 Ending Balance $ (20,816 ) $ (608 ) $ (272,486 ) $ (293,910 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 9 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 7 for information related to pension and postretirement benefit plans.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings (Loss) Per Share The Company computes earnings (loss) per share using the two-class method, an earnings allocation formula that determines earnings (loss) 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 (loss) per share. Information on earnings (loss) per share is as follows (in thousands, except per share data): Three Months Ended September 30, October 1, Net Loss $ (40,986 ) $ (15,038 ) Less: Allocation to Participating Securities (154 ) (151 ) Net Loss Available to Common Shareholders $ (41,140 ) $ (15,189 ) Average Shares of Common Stock Outstanding 41,858 42,105 Shares Used in Calculating Diluted Earnings (Loss) Per Share 41,858 42,105 Basic Earnings (Loss) Per Share $ (0.98 ) $ (0.36 ) Diluted Earnings (Loss) Per Share $ (0.98 ) $ (0.36 ) 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 September 30, October 1, Options to Purchase Shares of Common Stock (in thousands) 2,286 — Weighted Average Exercise Price of Options Excluded $ 19.76 $ — On April 25, 2018, the Board of Directors authorized $50 million in funds for use in the common share repurchase program expiring June 30, 2020. As of September 30, 2018 , the total remaining authorization was approximately $44.9 million . 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 three months ended September 30, 2018 , the Company repurchased 282,126 shares on the open market at an average price of $18.02 per share, as compared to 99,281 shares purchased on the open market at an average price of $21.20 per share during the three months ended October 1, 2017 .

Investments Investments

Investments Investments	3 Months Ended
	Sep. 30, 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. 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. The Company classifies its equity in earnings of unconsolidated affiliates as a separate line item within Income from Operations.

Pension and Postretirement Bene

Pension and Postretirement Benefits	3 Months Ended
	Sep. 30, 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 September 30, October 1, September 30, October 1, Components of Net Periodic (Income) Expense: Service Cost $ 1,132 $ 1,501 $ 34 $ 43 Interest Cost on Projected Benefit Obligation 9,937 10,774 580 595 Expected Return on Plan Assets (13,589 ) (15,474 ) — — Amortization of: Prior Service Cost (Credit) 45 45 (182 ) (359 ) Actuarial Loss 2,926 3,795 802 870 Net Periodic (Income) Expense $ 451 $ 641 $ 1,234 $ 1,149 The Company expects to make benefit payments of $3.5 million attributable to its non-qualified pension plans for the full year of fiscal 2019 . During the first three months of fiscal 2019 , the Company made payments of approximately $0.9 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $8.4 million for its other postretirement benefit plans for the full year of fiscal 2019 . During the first three months of fiscal 2019 , the Company made payments of $2.1 million for its other postretirement benefit plans. During the first three months of fiscal 2019 , the Company made no 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 2019 . During fiscal 2018, the Company made $30 million in voluntary cash contributions to the qualified pension plan. 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	3 Months Ended
	Sep. 30, 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 periods. Stock based compensation expense was $2.6 million for the three months ended September 30, 2018 . For the three months ended October 1, 2017 , stock based compensation expense was $2.3 million .

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Sep. 30, 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 September 30, 2018 and July 1, 2018 , the Company had the following outstanding derivative contracts (in thousands): Contract Notional Amount September 30, July 1, Interest Rate: LIBOR Interest Rate (U.S. Dollars) Fixed 110,000 110,000 Foreign Currency: Australian Dollar Sell 39,330 35,833 Brazilian Real Sell 16,708 28,822 Canadian Dollar Sell 20,675 14,430 Chinese Renminbi Buy 102,195 62,209 Euro Sell 17,105 32,592 Japanese Yen Buy 1,712,500 587,500 Commodity: Natural Gas (Therms) Buy 10,505 10,553 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 September 30, July 1, Interest rate contracts Other Current Assets $ 135 $ 161 Other Long-Term Assets 4,009 3,844 Foreign currency contracts Other Current Assets 3,188 3,881 Other Long-Term Assets — 31 Accrued Liabilities (579 ) (195 ) Other Long-Term Liabilities (9 ) — Commodity contracts Other Current Assets 21 16 Other Long-Term Assets 2 5 Accrued Liabilities (22 ) (7 ) Other Long-Term Liabilities (38 ) (29 ) $ 6,707 $ 7,707 The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Loss is as follows (in thousands): Three Months Ended September 30, 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 $ 106 Net Sales $ 216 $ — Foreign currency contracts - sell (331 ) Net Sales 1,116 — Foreign currency contracts - buy (457 ) Cost of Goods Sold (165 ) — Commodity contracts (16 ) Cost of Goods Sold 4 — $ (698 ) $ 1,171 $ — Three Months Ended October 1, 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 $ 61 Net Sales $ (2 ) $ — Foreign currency contracts - sell (476 ) Net Sales (1,720 ) — Foreign currency contracts - buy (129 ) Cost of Goods Sold (629 ) — Commodity contracts 12 Cost of Goods Sold (5 ) — $ (532 ) $ (2,356 ) $ — During the next twelve months, the estimated net amount of losses on cash flow hedges as of September 30, 2018 expected to be reclassified out of AOCI into earnings is $2.9 million .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Sep. 30, 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 September 30, 2018 and July 1, 2018 (in thousands): Fair Value Measurements Using September 30, Level 1 Level 2 Level 3 Assets: Derivatives $ 7,355 $ — $ 7,355 $ — Liabilities: Derivatives $ 648 $ — $ 648 $ — July 1, Level 1 Level 2 Level 3 Assets: Derivatives $ 7,938 $ — $ 7,938 $ — Liabilities: Derivatives $ 231 $ — $ 231 $ — 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 15 ) at September 30, 2018 and July 1, 2018 was $212.8 million and $214.0 million , respectively, compared to the carrying value of $200.9 million . 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 15 ) 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 September 30, 2018 and July 1, 2018 due to the short-term nature of these instruments.

Warranty

Warranty	3 Months Ended
	Sep. 30, 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): Three Months Ended September 30, October 1, Beginning Balance $ 45,327 $ 43,108 Payments (6,479 ) (7,715 ) Provision for Current Year Warranties 2,678 4,895 Changes in Estimates 33 (675 ) Ending Balance $ 41,559 $ 39,613

Income Taxes

Income Taxes	3 Months Ended
	Oct. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017 the U.S. government enacted 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 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 analysis of the impact of the Tax Act, a tax expense of approximately $21.1 million was recorded in 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 $13.8 million and an expense related to the inclusion of foreign earnings of approximately $7.3 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 $13.8 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 $7.3 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 September 30, 2018, the Company has analyzed its global working capital and cash requirements and the potential tax liabilities attributable to repatriation in regards to its permanent reinvestment assertion. During fiscal 2018, the Company removed its permanent reinvestment assertion on approximately $33 million of its foreign earnings and made distributions from its foreign earnings related to the assertion removal in the second quarter of approximately $18 million . The Company expects to repatriate approximately an additional $15 million of foreign earnings in fiscal 2019. The Company 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 planned repatriation, and the provisional estimate has been recorded in the financials including withholding taxes and currency gain and loss. The Company will continue to gather additional information to more precisely compute the tax impact. For the remainder of its foreign earnings, 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 its 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 first quarter of fiscal 2019 was 30.5% , compared to 28.6% for the same period last year. As a result of the Tax Act, the Company is 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% for the fiscal year ending June 30, 2019 and future fiscal years. The tax rates for the first quarters of fiscal 2019 and 2018 were primarily driven by the federal research and development credit.

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Sep. 30, 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. Each of the Company and Exmark filed several pre-trial motions in the Nebraska district court. On October 12, 2018, as part of the pretrial ruling, the court reaffirmed the validity of Exmark’s patent. The court has yet to issue its opinion on willfulness. The issues of damages and potentially willfulness will be addressed at the new trial. 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, the decision of the appellate court and the Nebraska district court’s October 12, 2018 ruling. 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 September 30, 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	3 Months Ended
	Sep. 30, 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 September 30, October 1, NET SALES: Engines $ 119,090 $ 162,746 Products 173,042 186,597 Inter-Segment Eliminations (13,135 ) (20,249 ) Total* $ 278,997 $ 329,094 * International sales included in net sales based on product shipment destination $ 88,526 $ 114,637 GROSS PROFIT: Engines $ 16,042 $ 31,219 Products 27,556 35,707 Inter-Segment Eliminations 156 (661 ) Total $ 43,754 $ 66,265 SEGMENT INCOME (LOSS): Engines $ (44,408 ) $ (19,590 ) Products (9,880 ) 3,658 Inter-Segment Eliminations 156 (661 ) Total $ (54,132 ) $ (16,593 ) Pre-tax business optimization charges, bad debt expense related to a major retailer bankruptcy, litigation settlement charge, and acquisition integration activities included in gross profit were as follows (in thousands): Three Months Ended September 30, October 1, Engines $ 423 $ 425 Products 2,880 768 Total $ 3,303 $ 1,193 Pre-tax business optimization charges, bad debt expense related to a major retailer bankruptcy, litigation settlement charge, and acquisition integration activities included in segment income (loss) were as follows (in thousands): Three Months Ended September 30, October 1, Engines $ 14,488 $ 2,331 Products 11,641 2,906 Total $ 26,129 $ 5,237

Debt

Debt	3 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s indebtedness (in thousands): September 30, July 1, Multicurrency Credit Agreement $ 201,406 $ 48,036 Total Short-Term Debt $ 201,406 $ 48,036 Note Payable (NMTC transaction) $ 7,685 $ 7,685 Unamortized Debt Issuance Costs associated with Note Payable 968 1,009 $ 6,717 $ 6,676 6.875% Senior Notes $ 200,888 $ 200,888 Unamortized Debt Issuance Costs associated with 6.875% Senior Notes 750 934 $ 200,138 $ 199,954 Total Long-Term Debt $ 206,855 $ 206,630 On December 20, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020 . The Company has repurchased $24 million of Senior Notes after receiving unsolicited offers from bondholders since issuance of the Senior Notes. There were no repurchases during the three month periods ended September 30, 2018 or October 1, 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 Revolver 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 September 30, 2018 and July 1, 2018 , $201.4 million and $48.0 million was outstanding under the Revolver, respectively. 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 $ 2.3 million held by the Company at September 30, 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.

New Accounting Pronouncements R

New Accounting Pronouncements Reconciliation of Cash and Cash Equivalents on the Condensed Consolidated Balance Sheets to the total of cash and cash equivalents and restricted cash shown on the Condensed Consolidated Statements of Cash Flows (Tables)	3 Months Ended
	Sep. 30, 2018
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	The following table provides a reconciliation of the amount of cash and cash equivalents reported on the Condensed Consolidated Balance Sheets to the total of cash and cash equivalents and restricted cash shown on the Condensed Consolidated Statements of Cash Flows (in thousands): September 30, July 1, Cash and cash equivalents $ 29,012 $ 44,923 Restricted cash 2,348 4,295 Cash, cash equivalents and restricted cash $ 31,360 $ 49,218

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Sep. 30, 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 September 30, 2018 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (28,928 ) $ 6,486 $ (229,830 ) $ (252,272 ) Other Comprehensive Income (Loss) Before Reclassification (3,690 ) 252 — (3,438 ) Income Tax Benefit (Expense) — (61 ) — (61 ) Net Other Comprehensive Income (Loss) Before Reclassifications (3,690 ) 191 — (3,499 ) Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — (951 ) — (951 ) Realized (Gains) Losses - Commodity Contracts (1) — (4 ) — (4 ) Realized (Gains) Losses - Interest Rate Swaps (1) — (216 ) — (216 ) Amortization of Prior Service Costs (Credits) (2) — — (137 ) (137 ) Amortization of Actuarial Losses (2) — — 3,728 3,728 Total Reclassifications Before Tax — (1,171 ) 3,591 2,420 Income Tax Expense (Benefit) — 282 (865 ) (583 ) Net Reclassifications — (889 ) 2,726 1,837 Other Comprehensive Income (Loss) (3,690 ) (698 ) 2,726 (1,662 ) Ending Balance $ (32,618 ) $ 5,788 $ (227,104 ) $ (253,934 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 9 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 7 for information related to pension and postretirement benefit plans. Three Months Ended October 1, 2017 Cumulative Translation Adjustments Derivative Financial Instruments Pension and Postretirement Benefit Plans Total Beginning Balance $ (24,744 ) $ (76 ) $ (275,206 ) $ (300,026 ) Other Comprehensive Income (Loss) Before Reclassification 3,928 (3,206 ) — 722 Income Tax Benefit (Expense) — 1,202 — 1,202 Net Other Comprehensive Income (Loss) Before Reclassifications 3,928 (2,004 ) — 1,924 Reclassifications: Realized (Gains) Losses - Foreign Currency Contracts (1) — 2,349 — 2,349 Realized (Gains) Losses - Commodity Contracts (1) — 5 — 5 Realized (Gains) Losses - Interest Rate Swaps (1) — 2 — 2 Amortization of Prior Service Costs (Credits) (2) — — (314 ) (314 ) Amortization of Actuarial Losses (2) — — 4,665 4,665 Total Reclassifications Before Tax — 2,356 4,351 6,707 Income Tax Expense (Benefit) — (884 ) (1,631 ) (2,515 ) Net Reclassifications — 1,472 2,720 4,192 Other Comprehensive Income (Loss) 3,928 (532 ) 2,720 6,116 Ending Balance $ (20,816 ) $ (608 ) $ (272,486 ) $ (293,910 ) (1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 9 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 7 for information related to pension and postretirement benefit plans.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Information on earnings (loss) per share is as follows (in thousands, except per share data): Three Months Ended September 30, October 1, Net Loss $ (40,986 ) $ (15,038 ) Less: Allocation to Participating Securities (154 ) (151 ) Net Loss Available to Common Shareholders $ (41,140 ) $ (15,189 ) Average Shares of Common Stock Outstanding 41,858 42,105 Shares Used in Calculating Diluted Earnings (Loss) Per Share 41,858 42,105 Basic Earnings (Loss) Per Share $ (0.98 ) $ (0.36 ) Diluted Earnings (Loss) Per Share $ (0.98 ) $ (0.36 )
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 September 30, October 1, Options to Purchase Shares of Common Stock (in thousands) 2,286 — Weighted Average Exercise Price of Options Excluded $ 19.76 $ —

Investments Schedule of Equity

Investments Schedule of Equity Method Investments (Tables)	3 Months Ended
	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Schedule Of Results Of Operations Of Unconsolidated Affiliated Companies [Table Text Block]	.
Schedule Of Balance Sheets Of Unconsolidated Affiliated Companies [Table Text Block]	.

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	3 Months Ended
	Sep. 30, 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 September 30, October 1, September 30, October 1, Components of Net Periodic (Income) Expense: Service Cost $ 1,132 $ 1,501 $ 34 $ 43 Interest Cost on Projected Benefit Obligation 9,937 10,774 580 595 Expected Return on Plan Assets (13,589 ) (15,474 ) — — Amortization of: Prior Service Cost (Credit) 45 45 (182 ) (359 ) Actuarial Loss 2,926 3,795 802 870 Net Periodic (Income) Expense $ 451 $ 641 $ 1,234 $ 1,149

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Contracts	As of September 30, 2018 and July 1, 2018 , the Company had the following outstanding derivative contracts (in thousands): Contract Notional Amount September 30, July 1, Interest Rate: LIBOR Interest Rate (U.S. Dollars) Fixed 110,000 110,000 Foreign Currency: Australian Dollar Sell 39,330 35,833 Brazilian Real Sell 16,708 28,822 Canadian Dollar Sell 20,675 14,430 Chinese Renminbi Buy 102,195 62,209 Euro Sell 17,105 32,592 Japanese Yen Buy 1,712,500 587,500 Commodity: Natural Gas (Therms) Buy 10,505 10,553
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 September 30, July 1, Interest rate contracts Other Current Assets $ 135 $ 161 Other Long-Term Assets 4,009 3,844 Foreign currency contracts Other Current Assets 3,188 3,881 Other Long-Term Assets — 31 Accrued Liabilities (579 ) (195 ) Other Long-Term Liabilities (9 ) — Commodity contracts Other Current Assets 21 16 Other Long-Term Assets 2 5 Accrued Liabilities (22 ) (7 ) Other Long-Term Liabilities (38 ) (29 ) $ 6,707 $ 7,707
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 September 30, 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 $ 106 Net Sales $ 216 $ — Foreign currency contracts - sell (331 ) Net Sales 1,116 — Foreign currency contracts - buy (457 ) Cost of Goods Sold (165 ) — Commodity contracts (16 ) Cost of Goods Sold 4 — $ (698 ) $ 1,171 $ — Three Months Ended October 1, 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 $ 61 Net Sales $ (2 ) $ — Foreign currency contracts - sell (476 ) Net Sales (1,720 ) — Foreign currency contracts - buy (129 ) Cost of Goods Sold (629 ) — Commodity contracts 12 Cost of Goods Sold (5 ) — $ (532 ) $ (2,356 ) $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 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 September 30, 2018 and July 1, 2018 (in thousands): Fair Value Measurements Using September 30, Level 1 Level 2 Level 3 Assets: Derivatives $ 7,355 $ — $ 7,355 $ — Liabilities: Derivatives $ 648 $ — $ 648 $ — July 1, Level 1 Level 2 Level 3 Assets: Derivatives $ 7,938 $ — $ 7,938 $ — Liabilities: Derivatives $ 231 $ — $ 231 $ —

Warranty (Tables)

Warranty (Tables)	3 Months Ended
	Sep. 30, 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): Three Months Ended September 30, October 1, Beginning Balance $ 45,327 $ 43,108 Payments (6,479 ) (7,715 ) Provision for Current Year Warranties 2,678 4,895 Changes in Estimates 33 (675 ) Ending Balance $ 41,559 $ 39,613

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summarized segment data is as follows (in thousands): Three Months Ended September 30, October 1, NET SALES: Engines $ 119,090 $ 162,746 Products 173,042 186,597 Inter-Segment Eliminations (13,135 ) (20,249 ) Total* $ 278,997 $ 329,094 * International sales included in net sales based on product shipment destination $ 88,526 $ 114,637 GROSS PROFIT: Engines $ 16,042 $ 31,219 Products 27,556 35,707 Inter-Segment Eliminations 156 (661 ) Total $ 43,754 $ 66,265 SEGMENT INCOME (LOSS): Engines $ (44,408 ) $ (19,590 ) Products (9,880 ) 3,658 Inter-Segment Eliminations 156 (661 ) Total $ (54,132 ) $ (16,593 )
Restructuring Charges Impact on Gross Profit by Segment	Pre-tax business optimization charges, bad debt expense related to a major retailer bankruptcy, litigation settlement charge, and acquisition integration activities included in gross profit were as follows (in thousands): Three Months Ended September 30, October 1, Engines $ 423 $ 425 Products 2,880 768 Total $ 3,303 $ 1,193
Restructuring Charges Impact on Operating Income Loss by Segment	included in segment income (loss) were as follows (in thousands): Three Months Ended September 30, October 1, Engines $ 14,488 $ 2,331 Products 11,641 2,906 Total $ 26,129 $ 5,237

Debt (Tables)

Debt (Tables)	3 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Indebtedness	The following is a summary of the Company’s indebtedness (in thousands): September 30, July 1, Multicurrency Credit Agreement $ 201,406 $ 48,036 Total Short-Term Debt $ 201,406 $ 48,036 Note Payable (NMTC transaction) $ 7,685 $ 7,685 Unamortized Debt Issuance Costs associated with Note Payable 968 1,009 $ 6,717 $ 6,676 6.875% Senior Notes $ 200,888 $ 200,888 Unamortized Debt Issuance Costs associated with 6.875% Senior Notes 750 934 $ 200,138 $ 199,954 Total Long-Term Debt $ 206,855 $ 206,630

New Accounting Pronouncements (

New Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017	Jul. 01, 2018	Jul. 02, 2017
ASU No. 2017-07 [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 29,012	$ 44,923	$ 44,923
Non-service cost components of net periodic pensions costs	500	200
Restricted Cash	2,348	17,800	4,295	$ 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 31,360	$ 74,869	$ 49,218	$ 61,707

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ (3,438)	$ 722
Other Comprehensive Income (Loss) before Reclassifications, Tax	(61)	1,202
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(3,499)	1,924
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(252,272)	(300,026)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	2,420	6,707
Income Tax Expense (Benefit)	(583)	(2,515)
Net Reclassifications	1,837	4,192
Other Comprehensive Income (Loss)	(1,662)	6,116
Ending Balance	(253,934)	(293,910)
Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(137)	(314)
Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	3,728	4,665
Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(951)	2,349
Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(4)	5
Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(216)	2
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(3,690)	3,928
Other Comprehensive Income (Loss) before Reclassifications, Tax	0	0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(3,690)	3,928
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(28,928)	(24,744)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0
Income Tax Expense (Benefit)	0	0
Net Reclassifications	0	0
Other Comprehensive Income (Loss)	(3,690)	3,928
Ending Balance	(32,618)	(20,816)
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
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
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
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
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
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	252	(3,206)
Other Comprehensive Income (Loss) before Reclassifications, Tax	(61)	1,202
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	191	(2,004)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	6,486	(76)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(1,171)	2,356
Income Tax Expense (Benefit)	282	(884)
Net Reclassifications	(889)	1,472
Other Comprehensive Income (Loss)	(698)	(532)
Ending Balance	5,788	(608)
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
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
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	(951)	2,349
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	(4)	5
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	(216)	2
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	0	0
Other Comprehensive Income (Loss) before Reclassifications, Tax	0	0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(229,830)	(275,206)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	3,591	4,351
Income Tax Expense (Benefit)	(865)	(1,631)
Net Reclassifications	2,726	2,720
Other Comprehensive Income (Loss)	2,726	2,720
Ending Balance	(227,104)	(272,486)
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	(137)	(314)
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	3,728	4,665
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
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
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

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
	Sep. 30, 2018	Oct. 01, 2017
Net Income (Loss)	$ (40,986)	$ (15,038)
Less: Allocation to Participating Securities	(154)	(151)
Net Loss Available to Common Shareholders	$ (41,140)	$ (15,189)
Average Shares of Common Stock Outstanding	41,858	42,105
Shares Used in Calculating Diluted Earnings (Loss) Per Share	41,858	42,105
Basic Earnings (Loss) Per Share	$ (0.98)	$ (0.36)
Diluted Earnings (Loss) Per Share	$ (0.98)	$ (0.36)

Earnings Per Share Antidilutive

Earnings Per Share Antidilutive Shares Information (Details) - Employee Stock Option [Member] - $ / shares shares in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to Purchase Shares of Common Stock	2,286	0
Weighted Average Exercise Price Of Options Excluded	$ 19.76	$ 0

Earnings Per Share Share Repurc

Earnings Per Share Share Repurchase Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017	Apr. 24, 2018
Stock Repurchase Program, Authorized Amount			$ 50
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 44.9
Treasury Stock, Shares, Acquired	282,126	99,281
Treasury Stock Acquired, Average Cost Per Share	$ 18.02	$ 21.20

Pension and Postretirement Be_3

Pension and Postretirement Benefits Net Periodic Income and Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	$ 1,132	$ 1,501
Interest Cost on Projected Benefit Obligation	9,937	10,774
Expected Return on Plan Assets	(13,589)	(15,474)
Amortization of Prior Service Cost (Credit)	45	45
Amortization of Actuarial Loss	2,926	3,795
Net Periodic Expense (Income)	451	641
Other Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	34	43
Interest Cost on Projected Benefit Obligation	580	595
Expected Return on Plan Assets	0	0
Amortization of Prior Service Cost (Credit)	(182)	(359)
Amortization of Actuarial Loss	802	870
Net Periodic Expense (Income)	$ 1,234	$ 1,149

Pension and Postretirement Be_4

Pension and Postretirement Benefits Pension and Postretirement Benefits (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jul. 01, 2018
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 0
Cash Contributions to Qualified Pension Plans	0	$ 30,000
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	8,400
Payment for Other Postretirement Benefits	2,100
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	3,500
Defined Benefit Plan, Benefits Paid	$ 900

Stock Incentives Stock Incentiv

Stock Incentives Stock Incentives (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Compensation Expense	$ 2,632	$ 2,306

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Jul. 01, 2018
Derivative [Line Items]
Net Cash Flow Hedge Losses (Gains) to be Reclassified into Earnings within Twelve Months	$ (2,900)
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 110,000	$ 110,000
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 He_4

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

Sep. 30, 2018CAD ($)BTU

Sep. 30, 2018EUR (€)BTU

Sep. 30, 2018USD ($)BTU

Sep. 30, 2018AUD ($)BTU

Sep. 30, 2018BRL (R$)BTU

Sep. 30, 2018JPY (¥)BTU

Sep. 30, 2018CNY (¥)BTU

Jul. 01, 2018CAD ($)BTU

Jul. 01, 2018EUR (€)BTU

Jul. 01, 2018USD ($)BTU

Jul. 01, 2018AUD ($)BTU

Jul. 01, 2018BRL (R$)BTU

Jul. 01, 2018JPY (¥)BTU

Jul. 01, 2018CNY (¥)BTU

Interest Rate Contract [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 110,000

$ 110,000

Australian Dollar, Sell [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 39,330

$ 35,833

Brazilian Real, Buy [Member] [Domain]

Derivative [Line Items]

Derivative, Notional Amount | R$

R$ 16708

R$ 28822

Canadian Dollar, Sell [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 20,675

$ 14,430

Chinese Renminbi, Buy [Member] [Domain]

Derivative [Line Items]

Derivative, Notional Amount | ¥

¥ 102,195

¥ 62,209

Euro, Sell [Member]

Derivative [Line Items]

Derivative, Notional Amount | €

€ 17,105

€ 32,592

Japanese Yen, Buy [Member]

Derivative [Line Items]

Derivative, Notional Amount | ¥

¥ 1,712,500

¥ 587,500

Natural Gas [Member]

Derivative [Line Items]

Nonmonetary Notional Amount Derivatives (in ones) | BTU

10,505

10,505

10,505

10,505

10,505

10,505

10,505

10,553

10,553

10,553

10,553

10,553

10,553

10,553

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities Balance Sheet Location (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jul. 01, 2018
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 6,707	$ 7,707
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	3,188	3,881
Commodity Contracts at Fair Value	21	16
Other Long-Term Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	4,009	3,844
Foreign Currency Contracts at Fair Value	0	31
Commodity Contracts at Fair Value	2	5
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	(579)	(195)
Commodity Contracts at Fair Value	(22)	(7)
Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	(9)	0
Commodity Contracts at Fair Value	$ (38)	$ (29)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities Effect of Derivatives on Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (698)	$ (532)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1,171	(2,356)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	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	106	61
Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(331)	(476)
Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(457)	(129)
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(16)	12
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	216	(2)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	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	1,116	(1,720)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	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	(165)	(629)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	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	4	(5)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Jul. 01, 2018
Liabilities, Derivatives	$ 648	$ 231
Fair Value Measurements Using Level 1 [Member]
Liabilities, Derivatives	0	0
Fair Value Measurements Using Level 2 [Member]
Liabilities, Derivatives	648	231
Fair Value Measurements Using Level 3 [Member]
Liabilities, Derivatives	0	0
Derivative Financial Instruments, Assets [Member]
Assets, Derivatives	7,355	7,938
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	7,355	7,938
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	Sep. 30, 2018	Jul. 01, 2018	Dec. 15, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 212,800	$ 214,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	$ 200,888	$ 200,888	$ 225,000

Warranty (Details)

Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Warranty Accrual, Beginning Balance	$ 45,327	$ 43,108
Payments	(6,479)	(7,715)
Provision for Current Year Warranties	2,678	4,895
Changes in Estimates	33	(675)
Warranty Accrual, Ending Balance	$ 41,559	$ 39,613

Income Taxes Effective Tax Rate

Income Taxes Effective Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Income Tax Contingency [Line Items]
Additional repatriation of foreign earnings expected	$ 15
U.S. federal statutory corporate income tax rate as a result of the Tax Act, current fiscal year	21.00%
U.S. federal statutory corporate income tax rate as a result of the Tax Act, percent, future years	21.00%
Effective Income Tax Rate	30.50%	28.60%

Unrecognized Tax Benefits (Deta

Unrecognized Tax Benefits (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Income Tax Contingency [Line Items]
Total charges for Tax Cuts and Jobs Act	$ 21.1
Re-measurement of deferred tax assets and liabilities related to Tax Cuts and Jobs Act	13.8
Tax expense related to the deemed repatriation of previously undistributed foreign earnings related to the Tax Cuts and Jobs Act	7.3
Estimated tax impact of removal of permanent reinvestment assertion of foreign earnings	33
Distributions from foreign earnings related to the assertion removal in the second quarter	$ 18

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended
	Sep. 30, 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
	Sep. 30, 2018	Oct. 01, 2017
Net Sales	$ 278,997	$ 329,094
Gross Profit	43,754	66,265
Segment Income (Loss)	(54,132)	(16,593)
International sales included in net sales based on product shipment destination	88,526	114,637
Engines [Member]
Net Sales	119,090	162,746
Gross Profit	16,042	31,219
Segment Income (Loss)	(44,408)	(19,590)
Products [Member]
Net Sales	173,042	186,597
Gross Profit	27,556	35,707
Segment Income (Loss)	(9,880)	3,658
Elimination [Member]
Net Sales	(13,135)	(20,249)
Gross Profit	156	(661)
Segment Income (Loss)	$ 156	$ (661)

Segment Information Business Op

Segment Information Business Optimization Charges Impact on Gross Profit by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Cost Of Goods Sold Business Optimization Charges	$ 3,303	$ 1,193
Engines [Member]
Cost Of Goods Sold Business Optimization Charges	423	425
Products [Member]
Cost Of Goods Sold Business Optimization Charges	$ 2,880	$ 768

Segment Information Business _2

Segment Information Business Optimization Charges Impact on Segment Income (Loss) by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Business Optimization Charges	$ 26,129	$ 5,237
Engines [Member]
Business Optimization Charges	14,488	2,331
Products [Member]
Business Optimization Charges	$ 11,641	$ 2,906

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Jul. 01, 2018	Mar. 25, 2016	Dec. 15, 2010
Debt Instrument [Line Items]
Short-term Debt	$ 201,406	$ 48,036
Notes Payable	6,717	6,676
Long-term Debt	200,138	199,954
Long-term Debt, including Note Payable	206,855	206,630
Intercompany Loan to Investment Fund	16,000
SunTrust contribution to Investment Fund	8,000
Restricted cash related to New Markets Tax Credit	2,300
Debt issuance costs related to New Markets Tax Credit	1,200
Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 200,888	200,888		$ 225,000
Debt Instrument, Interest Rate, Stated Percentage				6.875%
Debt Instrument, Maturity Date	Dec. 15, 2020
Debt Instrument, Repurchase Amount	$ 0	24,000
Unamortized Debt Issuance Expense	$ 750	934
Multicurrency Credit Agreement [Member]
Debt Instrument [Line Items]
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	7,685
Unamortized Debt Issuance Expense	968	1,009
Multicurrency Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	$ 201,406	$ 48,036

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Oct. 01, 2017
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 8,865	$ 0
Business Acquisition, Goodwill	6,200
Business Combination, Intangible Assets	4,600
Hurricane Inc. [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	8,700
Business Combination, Contingent Consideration, Liability	$ 2,000