10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________ 

FORM 10-Q

_____________________________________ 

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 29, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number 1-1370

________________________________________

BRIGGS & STRATTON CORPORATION

(Exact name of registrant as specified in its charter)

_____________________________________ 

Wisconsin	39-0182330
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

12301 West Wirth Street, Wauwatosa, Wisconsin 53222

(Address of Principal Executive Offices) (Zip Code)

(414) 259-5333

(Registrant’s telephone number, including area code)

____________________________________________ 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.        Yes  x    No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	o  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes  ¨    No x

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class	Outstanding at November 1, 2013
COMMON STOCK, par value $0.01 per share	47,444,133 Shares

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

INDEX

		Page No.
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements
	Consolidated Condensed Balance Sheets – September 29, 2013 and June 30, 2013	3
	Consolidated Condensed Statements of Operations – Three Months Ended September 29, 2013 and September 30, 2012	5
	Consolidated Condensed Statements of Comprehensive Loss – Three Months Ended September 29, 2013 and September 30, 2012	6
	Consolidated Condensed Statements of Cash Flows – Three Months Ended September 29, 2013 and September 30, 2012	7
	Notes to Consolidated Condensed Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	30
Item 4.	Controls and Procedures	30
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	30
Item 1A.	Risk Factors	30
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 6.	Exhibits	31
Signatures		32
Exhibit Index		33

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONSOLIDATED CONDENSED BALANCE SHEETS

(In thousands)

(Unaudited)

ASSETS

	September 29, 2013		June 30, 2013
CURRENT ASSETS:
Cash and Cash Equivalents	$	115,176	$	188,445
Accounts Receivable, Net	171,103		190,800
Inventories -
Finished Products and Parts	356,319		306,104
Work in Process	107,071		96,751
Raw Materials	5,234		5,240
Total Inventories	468,624		408,095
Deferred Income Tax Asset	47,520		47,534
Prepaid Expenses and Other Current Assets	37,189		24,107
Total Current Assets	839,612		858,981
OTHER ASSETS:
Goodwill	147,218		147,352
Investments	19,220		19,764
Debt Issuance Costs	4,464		4,710
Other Intangible Assets, Net	87,000		87,980
Long-Term Deferred Income Tax Asset	26,788		27,544
Other Long-Term Assets, Net	13,883		14,025
Total Other Assets	298,573		301,375
PLANT AND EQUIPMENT:
Cost	1,026,960		1,019,355
Less - Accumulated Depreciation	741,352		732,160
Total Plant and Equipment, Net	285,608		287,195
TOTAL ASSETS	$	1,423,793	$	1,447,551

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS (Continued)

(In thousands, except per share data)

(Unaudited)

LIABILITIES & SHAREHOLDERS’ INVESTMENT

	September 29, 2013			June 30, 2013
CURRENT LIABILITIES:
Accounts Payable	$	146,296		$	143,189
Short-Term Debt	—			300
Accrued Liabilities	139,921			131,266
Total Current Liabilities	286,217			274,755
OTHER LIABILITIES:
Accrued Pension Cost	146,138			150,131
Accrued Employee Benefits	23,520			23,458
Accrued Postretirement Health Care Obligation	69,687			72,695
Other Long-Term Liabilities	32,809			33,574
Long-Term Debt	225,000			225,000
Total Other Liabilities	497,154			504,858
SHAREHOLDERS’ INVESTMENT:
Common Stock - Authorized 120,000 shares, $.01 par value, issued 57,854 shares	579			579
Additional Paid-In Capital	75,079			77,004
Retained Earnings	1,017,824			1,042,917
Accumulated Other Comprehensive Loss	(220,606		)	(224,928		)
Treasury Stock at cost, 10,183 and 9,901 shares, respectively	(232,454		)	(227,634		)
Total Shareholders’ Investment	640,422			667,938
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,423,793		$	1,447,551

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

	Three Months Ended
	September 29, 2013			September 30, 2012
NET SALES	$	317,304		$	309,020
COST OF GOODS SOLD	269,888			260,024
RESTRUCTURING CHARGES	3,585			5,126
Gross Profit	43,831			43,870
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	68,762			65,688
Loss from Operations	(24,931		)	(21,818		)
INTEREST EXPENSE	(4,510		)	(4,486		)
OTHER INCOME, Net	2,093			1,405
Loss Before Income Taxes	(27,348		)	(24,899		)
CREDIT FOR INCOME TAXES	(7,999		)	(8,372		)
NET LOSS	$	(19,349	)	$	(16,527	)
EARNINGS (LOSS) PER SHARE DATA:
Weighted Average Shares Outstanding	46,997			47,133
Basic Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)
Diluted Average Shares Outstanding	46,997			47,133
Diluted Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)
DIVIDENDS PER SHARE	$	0.12		$	0.12

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands)

(Unaudited)

	Three Months Ended
	September 29, 2013			September 30, 2012
Net Loss	$	(19,349	)	$	(16,527	)
Other Comprehensive Loss:
Cumulative Translation Adjustments	253			4,775
Unrealized Gain (Loss) on Derivative Instruments, Net of Tax	(281		)	1,055
Unrecognized Pension & Postretirement Obligation, Net of Tax	4,350			6,125
Total Comprehensive Loss	$	(15,027	)	$	(4,572	)

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Three Months Ended
	September 29, 2013			September 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$	(19,349	)	$	(16,527	)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation and Amortization	13,874			13,778
Stock Compensation Expense	3,040			2,511
Loss (Gain) on Disposition of Plant and Equipment	157			(43		)
Credit for Deferred Income Taxes	(1,418		)	(6,152		)
Earnings of Unconsolidated Affiliates	(1,529		)	(867		)
Dividends Received from Unconsolidated Affiliates	1,500			4,411
Cash Contributions to Pension Plans	—			(5,466		)
Non-Cash Restructuring Charges	1,726			3,185
Change in Operating Assets and Liabilities:
Accounts Receivable	20,110			30,762
Inventories	(61,310		)	(69,546		)
Other Current Assets	(9,983		)	2,809
Accounts Payable and Accrued Liabilities	4,515			3,749
Other, Net	(4,194		)	(3,964		)
Net Cash Used in Operating Activities	(52,861		)	(41,360		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(11,650		)	(7,871		)
Proceeds Received on Disposition of Plant and Equipment	28			5,620
Net Cash Used in Investing Activities	(11,622		)	(2,251		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments on Short-Term Debt	(300		)	—
Treasury Stock Purchases	(9,696		)	(12,886		)
Stock Option Exercise Proceeds and Tax Benefits	994			1,534
Net Cash Used in Financing Activities	(9,002		)	(11,352		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	216			513
NET DECREASE IN CASH AND CASH EQUIVALENTS	(73,269		)	(54,450		)
CASH AND CASH EQUIVALENTS, Beginning	188,445			156,075
CASH AND CASH EQUIVALENTS, Ending	$	115,176		$	101,625

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

1. General Information

The accompanying unaudited consolidated condensed 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 consolidated condensed 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 Briggs & Stratton Corporation (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 consolidated condensed 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.

2. New Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," which requires an entity to present significant reclassifications out of accumulated other comprehensive income by the respective line items of net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety from accumulated other comprehensive income to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2012 with earlier adoption permitted. The amendments in the ASU should be applied prospectively. The Company adopted ASU No. 2013-02 at the beginning of fiscal 2014, and the required new disclosures are presented in Note 3. The adoption of this ASU did not have any impact on the Company's results of operations, financial position or cash flow, as the ASU solely relates to disclosures.

In July 2012, the FASB issued ASU No. 2012-02, "Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment,"which permits an entity to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired before performing quantitative impairment testing. The amendments do not change the measurement of impairment losses. This update is effective for fiscal years beginning after September 15, 2012, with early adoption permitted. The Company adopted ASU No. 2012-02 at the beginning of fiscal 2014. The adoption of this ASU did not have any impact on the Company’s results of operations, financial position or cash flow.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

3. Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in accumulated other comprehensive income (loss) (in thousands):

	Three Months Ended September 29, 2013
	Cumulative Translation Adjustments		Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,886	$	(3,673	)	$	(233,141	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	253		(2,710		)	—			(2,457		)
Income Tax Benefit	—		1,038			—			1,038
Net Other Comprehensive Income (Loss) Before Reclassifications	253		(1,672		)	—			(1,419		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—		462			—			462
Realized (Gains) Losses - Commodity Contracts (1)	—		1,498			—			1,498
Realized (Gains) Losses - Interest Rate Swaps (1)	—		295			—			295
Amortization of Prior Service Costs (Credits) (2)	—		—			(679		)	(679		)
Amortization of Actuarial Losses (2)	—		—			7,729			7,729
Total Reclassifications Before Tax	—		2,255			7,050			9,305
Income Tax Expense (Benefit)	—		(864		)	(2,700		)	(3,564		)
Net Reclassifications	—		1,391			4,350			5,741
Other Comprehensive Income (Loss)	253		(281		)	4,350			4,322
Ending Balance	$	12,139	$	(3,954	)	$	(228,791	)	$	(220,606	)

(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.

4. Acquisitions

On December 7, 2012, Briggs & Stratton Representação de Motores e Produtos de Força do Brasil Ltda., a wholly-owned subsidiary of the Company, acquired all of the common stock of Companhia Caetano Branco (“Branco”) of Sao Jose dos Pinhais, Brazil for total cash consideration of $59.6 million, net of cash acquired. Branco is a leading brand in the Brazilian light power equipment market with a broad range of outdoor power equipment used primarily in light commercial applications. Its products, including generators, water pumps, light construction equipment and diesel engines, are sold through its independent network of over 1,200 dealers throughout Brazil. The Company recorded a purchase price allocation during fiscal 2013 based on a fair value appraisal by a third party valuation firm. The purchase price allocation resulted in the recognition of $15.3 million of goodwill, of which $4.6 million and $10.7 million were allocated to the Engines Segment and Products Segment, respectively, and $24.0 million of intangible assets, including $14.6 million of customer relationships and $9.4 million of tradenames.

The results of operations of Branco have been included in the Consolidated Condensed Statements of Operations since the date of acquisition. Pro forma financial information and allocation of the purchase price are not presented as the effects of the acquisition are not material to the Company's consolidated results of operations or financial position.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

5. Restructuring Actions

In January 2012, the Company announced plans to reduce manufacturing capacity through closure of its Newbern, Tennessee and Ostrava, Czech Republic plants, as well as the reconfiguration of its plant in Poplar Bluff, Missouri. During fiscal 2012, the Company ceased manufacturing operations at its Newbern, Tennessee and Ostrava, Czech Republic plants, and carried out reconfiguration of the Poplar Bluff, Missouri plant.

In April 2012, the Company announced plans to further reduce manufacturing costs through consolidation of its Auburn, Alabama manufacturing facility as well as the reduction of approximately 10% of the Company's salaried headcount. In fiscal 2012 and fiscal 2013, the Company implemented the salaried headcount reductions. Additionally, beginning in fiscal 2013, the Company no longer pursues placement of lawn and garden products at national mass retailers. The Engines Segment continues to support lawn and garden equipment OEMs who provide lawn and garden equipment to these retailers. The Products Segment continues to focus on innovative, higher margin products that are sold through our network of Simplicity, Snapper and Ferris dealers and regional retailers. The Company also continues to sell pressure washers and portable and standby generators through the U.S. mass retail channel.

Workforce reductions associated with the Company's restructuring initiatives impacted approximately 1,250 regular and temporary employees globally.

In October 2012, the Board of Directors of the Company authorized an amendment to the Company's defined benefit retirement plans for U.S., non-bargaining employees. The amendment freezes accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in the second quarter of fiscal 2013 related to the defined benefit plan change.

In the first quarter of fiscal 2013, the Company completed the sale of its dormant manufacturing facility in Jefferson, Wisconsin and a land parcel adjacent to its Ostrava, Czech Republic plant. In the fourth quarter of fiscal 2013, the Company completed the sale of the Ostrava, Czech Republic facility.

The Company reports restructuring charges associated with manufacturing and related initiatives as costs of goods sold within the Consolidated Condensed Statements of Operations. Restructuring charges reflected as costs of goods sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments and accelerated depreciation relating to manufacturing initiatives, and other costs directly related to the restructuring initiatives implemented. The Company reports all other non-manufacturing related restructuring charges as engineering, selling, general and administrative expenses on the Consolidated Condensed Statements of Operations. The Company recorded pre-tax charges of $3.6 million ($2.9 million after tax or $0.06 per diluted share) during the three months ended September 29, 2013 related to the restructuring actions. The Engines Segment recorded $1.8 million of pre-tax restructuring charges during the first quarter of fiscal 2014. The Products Segment recorded $1.8 million of pre-tax restructuring charges during the first quarter of fiscal 2014.

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Consolidated Condensed Balance Sheets) attributable to all Engines Segment restructuring activities for the three month period ended September 29, 2013 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	99		$	2,575		$	2,674
Provisions	—			1,765			1,765
Cash Expenditures	(94		)	(1,534		)	(1,628		)
Other Adjustments (1)	—			(231		)	(231		)
Reserve Balance at September 29, 2013	$	5		$	2,575		$	2,580

(1)Other adjustments includes $0.2 million of accelerated depreciation.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Consolidated Condensed Balance Sheets) attributable to all Products Segment restructuring activities for the three month period ended September 29, 2013 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	94		$	45		$	139
Provisions	—			1,820			1,820
Cash Expenditures	(91		)	(325		)	(416		)
Other Adjustments (2)	—			(1,540		)	(1,540		)
Reserve Balance at September 29, 2013	$	3		$	—		$	3

(2) Other adjustments includes $1.5 million of asset impairments.

6. 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 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 29, 2013			September 30, 2012
Net Loss	$	(19,349	)	$	(16,527	)
Less: Earnings Allocated to Participating Securities	(151		)	(96		)
Net Loss Available to Common Shareholders	$	(19,500	)	$	(16,623	)
Average Shares of Common Stock Outstanding	46,997			47,133
Diluted Average Shares Outstanding	46,997			47,133
Basic Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)
Diluted Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. As a result of the Company incurring a loss for the three months ended September 29, 2013 and September 30, 2012, potential incremental common shares of 975,316 and 1,024,000, respectively, were excluded from the calculation of diluted EPS for each period because the effect would have been anti-dilutive. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings (loss) per share as the exercise prices were greater than the average market price of the common shares:

	Three Months Ended
	September 29, 2013		September 30, 2012
Options to Purchase Shares of Common Stock (in thousands)	1,348		3,505
Weighted Average Exercise Price of Options Excluded	$	31.88	$	26.19

On August 8, 2012, the Board of Directors of the Company authorized up to $50 million in funds associated with the common share repurchase program with an expiration date of June 30, 2014. 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 loan covenants. During the three months ended September 29, 2013, the Company repurchased 482,926 shares on the open market at an average price of $20.08 per share, as compared to 726,745 shares purchased on the open market at an average price of $17.73 per share during the three months ended September 30, 2012.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

7. 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 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Components of Net Periodic Expense:
Service Cost	$	1,938		$	3,837		$	89		$	97
Interest Cost on Projected Benefit Obligation	13,452			13,326			1,149			1,200
Expected Return on Plan Assets	(18,566		)	(19,211		)	—			—
Amortization of:
Transition Obligation	—			2			—			—
Prior Service Cost (Credit)	45			225			(724		)	(897		)
Actuarial Loss	6,270			8,822			1,459			1,890
Net Periodic Expense	$	3,139		$	7,001		$	1,973		$	2,290

In October 2012, the Board of Directors of the Company authorized an amendment to the Company's defined benefit retirement plans for U.S., non-bargaining employees. The amendment freezes accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in the second quarter of fiscal 2013 related to the defined benefit plan change.

The Company expects to make benefit payments of $3.2 million attributable to its non-qualified pension plans during fiscal 2014. During the first three months of fiscal 2014, the Company made payments of approximately $0.7 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $16.3 million for its other postretirement benefit plans during fiscal 2014. During the first three months of fiscal 2014, the Company made payments of $4.7 million for its other postretirement benefit plans.

On July 6, 2012, the Moving Ahead for Progress in the 21st Century Act (MAP-21 Act) was signed into law. The MAP-21 Act included certain pension-related provisions which included changes to the methodology used to determine discount rates for ERISA funding purposes for qualified defined benefit pension plans. Based on historical interest rates, the MAP-21 Act allows plan sponsors to utilize a higher discount rate to value pension liabilities, which results in lower required pension plan contributions under ERISA. During the first three months of fiscal 2014, 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 during the remainder of fiscal 2014 or 2015. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.

8. 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 $3.0 million for the three months ended September 29, 2013. For the three months ended September 30, 2012, stock based compensation expense was $2.5 million.

9. 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 hedges for trading purposes where the sole objective is to generate profits.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

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 on the Consolidated Condensed Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on the derivative 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 a third party financing source, exclusive of lender spreads, ranging from 1.17% to1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 through May 2019.

The Company enters into forward foreign currency contracts to hedge the risk from forecasted third party and intercompany sales or payments denominated in foreign currencies. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros, Japanese Yen, Australian Dollars, or Mexican Pesos. 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 and aluminum. These contracts generally do not have a maturity of more than twenty-four months.

The Company has considered the counterparty credit risk related to all its interest rate, foreign currency and commodity derivative contracts and deems any risk of counterparty default to be minimal.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The notional amount of derivative contracts outstanding at the end of the period is indicative of the level of the Company’s derivative activity during the period. As of September 29, 2013 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		September 29, 2013	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	19,632	6,392
Euro	Sell	34,250	31,000
Japanese Yen	Buy	745,000	905,000
Mexican Peso	Sell	3,345	3,345
Commodity:
Aluminum (Metric Tons)	Buy	13	18
Natural Gas (Therms)	Buy	3,983	5,423

The location and fair value of derivative instruments reported in the Consolidated Condensed Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	September 29, 2013			June 30, 2013
Interest rate contracts
Other Long-Term Assets	$	161		$	257
Other Long-Term Liabilities	(1,322		)	(1,020		)
Foreign currency contracts
Other Current Assets	554			1,752
Accrued Liabilities	(1,398		)	(1,138		)
Commodity contracts
Accrued Liabilities	(2,791		)	(3,250		)
Other Long-Term Liabilities	(2		)	(5		)
	$	(4,798	)	$	(3,404	)

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The effect of derivative instruments on the Consolidated Condensed Statements of Operations is as follows (in thousands):

	Three months ended September 29, 2013
	Recognized in Earnings
	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	$	(250	)	Net Sales	$	(295	)	$	—
Foreign currency contracts - sell	(948		)	Net Sales	5			—
Foreign currency contracts - buy	39			Cost of Goods Sold	(467		)	—
Commodity contracts	878			Cost of Goods Sold	(1,498		)	—
	$	(281	)		$	(2,255	)	$	—

	Three months ended September 30, 2012
	Recognized in Earnings
	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	$	(453	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	(933		)	Net Sales	578			—
Foreign currency contracts - buy	(11		)	Cost of Goods Sold	128			—
Commodity contracts	2,452			Cost of Goods Sold	(1,177		)	—
	$	1,055			$	(471	)	$	—

During the next twelve months, the estimated net amount of losses on cash flow hedges as of September 29, 2013 expected to be reclassified into earnings is $5.0 million.

10. 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.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 29, 2013 and June 30, 2013 (in thousands):

			Fair Value Measurements Using
	September 29, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	715	$	—	$	715	$	—
Liabilities:
Derivatives	$	5,513	$	—	$	5,513	$	—
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	2,009	$	—	$	2,009	$	—
Liabilities:
Derivatives	$	5,413	$	—	$	5,413	$	—

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 29, 2013 and June 30, 2013 was $245.3 million and $250.9 million, respectively, compared to the carrying value of $225.0 million on each date. 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) and short-term debt 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 29, 2013 and June 30, 2013 due to the short-term nature of these instruments.

11. 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 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 29, 2013			September 30, 2012
Beginning Balance	$	45,037		$	46,013
Payments	(8,330		)	(7,599		)
Provision for Current Year Warranties	5,381			5,774
Changes in Estimates	42			2
Ending Balance	$	42,130		$	44,190

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

12. Income Taxes

The effective tax rate for the first quarter of fiscal 2014 was 29.3% compared to 33.6% in the same period last year. The decrease in the effective tax rate for the first quarter of fiscal 2014 compared to the first quarter of fiscal 2013 was primarily driven by non-deductible losses of certain foreign subsidiaries and foreign tax rates that vary from the U.S. statutory rate.

For the three months ended September 29, 2013, the Company's unrecognized tax benefits increased by $0.1 million, all of which impacted the current effective tax rate.

Income tax returns are filed in the U.S., state, and foreign jurisdictions and related audits occur on a regular basis. In the U.S., the Company is no longer subject to U.S. federal income tax examinations before fiscal 2010 and is currently under audit by U.S. federal and various state jurisdictions. With respect to the Company's major foreign jurisdictions, they are no longer subject to tax examinations before fiscal 2003.

13. Commitments and Contingencies

Briggs & Stratton 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 March 19, 2010, plaintiffs filed a complaint in the Ontario Superior Court of Justice in Canada (Robert Foster et al. v. Sears Canada, Inc. et al., Court File No. 766-2010) against the Company and other engine and lawnmower manufacturers alleging that the horsepower labels on the products they purchased were inaccurate and that the Company conspired with other engine and lawnmower manufacturers to conceal the true horsepower of these engines. On May 3, 2010, other plaintiffs filed a complaint in the Montreal Superior Court in Canada (Eric Liverman, et al. v. Deere & Company, et al., Court File No. 500-06-000507-109). Both proceedings are based on various theories of Canadian law and seek unspecified damages.

On June 27, 2013, the Company entered into a Canadian Lawnmower Class Action National Settlement Agreement (“Settlement”) that, if given final court approval, would resolve all horsepower claims brought by all persons in Canada who purchased lawn mowers in Canada during the class period (defined as January 1, 1994 through December 31, 2012), except certain specified persons. Other parties to the Settlement are Electrolux Canada Corp., Electrolux Home Products Inc., John Deere Limited, Deere & Company, Husqvarna Canada Corp., Husqvarna Consumer Outdoor Products N.A., Inc., Kohler Canada Co. Kohler Co., The Toro Company (Canada), Inc. and The Toro Company (collectively with the Company referred to below as the “Settling Defendants”).

As part of the Settlement, the Company denies any and all liability and seeks resolution to avoid further protracted and expensive litigation, and the Settling Defendants as a group agree to pay an aggregate amount of CDN $4.2 million. The monetary contribution of each of the Settling Defendants is confidential. As a result of the Settlement, the Company recorded a total charge of US $1.9 million in the fourth quarter of fiscal year 2013. The amount has been included as a Litigation Settlement expense on the Statement of Operations for the fiscal year ended June 30, 2013.

On September 23, 2013, the Ontario Court issued an order approving the Settlement. Subsequently, on September 25, 2013, the Quebec Court issued its own order approving the Settlement. The 30-day period for appealing each case expired without any appeals being filed. Accordingly, the Settlement is now final, all payments required by the Settlement were made subsequent to the end of the Company’s first fiscal quarter, and the involvement of the Settling Defendants in the proceedings has been terminated.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various changes to the Company-sponsored retiree medical plans. The purpose of the amendments was to better align the plans offered to both hourly and salaried retirees. On August 16, 2010, a putative class of retirees who retired prior to August 1, 2006 and the United Steel Workers filed a complaint in the U.S. District Court for the Eastern District of Wisconsin (Merrill, Weber, Carpenter, et al; United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO/CLC v. Briggs & Stratton Corporation; Group Insurance Plan of Briggs & Stratton Corporation; and Does 1 through 20, Docket No. 10-C-0700), contesting the Company's right to make these changes. In addition to a request for class certification, the complaint seeks an

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

injunction preventing the alleged unilateral termination or reduction in insurance coverage to the class of retirees, a permanent injunction preventing defendants from ever making changes to the retirees' insurance coverage, restitution with interest (if applicable) and attorneys' fees and costs. The Company moved to dismiss the complaint and believes the changes are within its rights. On April 21, 2011, the district court issued an order granting the Company's motion to dismiss the complaint. The plaintiffs filed a motion with the court to reconsider its order on May 17, 2011, and on August 24, 2011 the court granted the motion and vacated the dismissal of the case. The Company then filed a motion with the court to appeal its decision directly to the U.S. Court of Appeals for the Seventh Circuit, but the court denied this motion on February 29, 2012. On October 9, 2012 the court granted the parties’ unopposed motion for class certification. Discovery is underway in the case.

Although it is not possible to predict with certainty the outcome of these 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.

14. Segment Information

The Company operates two reportable business segments that are managed separately based on fundamental differences in their operations. Summarized segment data is as follows (in thousands):

	Three Months Ended
	September 29, 2013			September 30, 2012
NET SALES:
Engines	$	183,787		$	164,515
Products	153,037			173,297
Inter-Segment Eliminations	(19,520		)	(28,792		)
Total *	$	317,304		$	309,020
* International sales included in net sales based on product shipment destination	$	118,815		$	126,497
GROSS PROFIT:
Engines	$	25,236		$	24,712
Products	17,825			18,716
Inter-Segment Eliminations	770			442
Total	$	43,831		$	43,870
INCOME (LOSS) FROM OPERATIONS:
Engines	$	(18,086	)	$	(17,504	)
Products	(7,615		)	(4,756		)
Inter-Segment Eliminations	770			442
Total	$	(24,931	)	$	(21,818	)

Pre-tax restructuring charges included in gross profit were as follows (in thousands):

	Three Months Ended
	September 29, 2013		September 30, 2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	1,765	$	1,091
Products	1,820		4,035
Total	$	3,585	$	5,126

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Pre-tax restructuring charges included in loss from operations were as follows (in thousands):

	Three Months Ended
	September 29, 2013		September 30, 2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN LOSS FROM OPERATIONS:
Engines	$	1,765	$	1,091
Products	1,820		4,035
Total	$	3,585	$	5,126

15. Debt

The following is a summary of the Company’s long-term indebtedness (in thousands):

	September 29, 2013		June 30, 2013
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	—		—
	$	225,000	$	225,000

On December 15, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020.  

On October 13, 2011, the Company entered into a $500 million multicurrency credit agreement (the “Revolver”), which replaced the Company's prior amended and restated multicurrency credit agreement. On October 21, 2013, the Company entered into an amendment to the Revolver, which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018. The initial maximum availability under the revolving credit facility 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 September 29, 2013, there were no borrowings under the Revolver.

The Senior Notes and Revolver contain restrictive covenants. These covenants include restrictions on the Company’s ability to: pay dividends; repurchase shares; incur indebtedness; create liens; enter into sale and leaseback transactions; consolidate or merge with other entities; sell or lease all or substantially all of its assets; and dispose of assets or use proceeds from sales of its assets. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose a maximum average leverage ratio. As of September 29, 2013, the Company was in compliance with these covenants.

16. Separate Financial Information of Subsidiary Guarantor of Indebtedness

Under the terms of the Company’s Senior Notes and the Revolver (collectively, the “Domestic Indebtedness”), Briggs & Stratton Power Products Group, LLC, a 100% owned subsidiary of the Company, is the joint and several guarantor of the Domestic Indebtedness (the “Guarantor”). The guarantees are full and unconditional guarantees, except for certain customary limitations. Additionally, if at any time a domestic subsidiary of the Company constitutes a significant domestic subsidiary, then such domestic subsidiary will also become a guarantor of the Domestic Indebtedness. Currently, all of the Domestic Indebtedness is unsecured. If the Company were to fail to make a payment of interest or principal on its due date, the Guarantor is obligated to pay the outstanding Domestic Indebtedness. The Company had the following outstanding amounts related to the guaranteed debt (in thousands):

	September 29, 2013 Carrying Amount		Maximum Guarantee
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	—	$	500,000

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The following condensed supplemental consolidating financial information reflects the summarized financial information of Briggs & Stratton, its Guarantors and Non-Guarantor Subsidiaries (in thousands):

CONSOLIDATING BALANCE SHEET

As of September 29, 2013

(Unaudited)

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	76,615	$	1,554	$	37,007	$	—		$	115,176
Accounts Receivable, Net	61,467		69,089		40,547		—			171,103
Intercompany Accounts Receivable	15,846		4,380		34,893		(55,119		)	—
Inventories, Net	213,213		181,372		74,039		—			468,624
Deferred Income Tax Asset	31,839		14,603		1,078		—			47,520
Prepaid Expenses and Other Current Assets	23,060		3,089		11,040		—			37,189
Total Current Assets	$	422,040	$	274,087	$	198,604	$	(55,119	)	$	839,612
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	18,918	$	—		$	147,218
Investments	19,220		—		—		—			19,220
Investments in Subsidiaries	483,489		—		—		(483,489		)	—
Intercompany Note Receivable	54,448		72,029		12,985		(139,462		)	—
Debt Issuance Costs	4,464		—		—		—			4,464
Other Intangible Assets, Net	—		62,312		24,688		—			87,000
Long-Term Deferred Income Tax Asset	48,080		—		625		(21,917		)	26,788
Other Long-Term Assets, Net	9,862		2,765		1,256		—			13,883
Total Other Assets	$	747,863	$	137,106	$	58,472	$	(644,868	)	$	298,573
PLANT AND EQUIPMENT, NET	224,607		43,910		17,091		—			285,608
TOTAL ASSETS	$	1,394,510	$	455,103	$	274,167	$	(699,987	)	$	1,423,793
CURRENT LIABILITIES:
Accounts Payable	$	96,067	$	29,928	$	20,301	$	—		$	146,296
Intercompany Accounts Payable	27,104		5,530		22,485		(55,119		)	—
Accrued Liabilities	87,666		33,001		19,254		—			139,921
Total Current Liabilities	$	210,837	$	68,459	$	62,040	$	(55,119	)	$	286,217
OTHER LIABILITIES:
Accrued Pension Cost	$	145,646	$	461	$	31	$	—		$	146,138
Accrued Employee Benefits	23,520		—		—		—			23,520
Accrued Postretirement Health Care Obligation	54,547		15,140		—		—			69,687
Intercompany Note Payable	74,273		—		65,189		(139,462		)	—
Deferred Income Tax Liabilities	—		21,917		—		(21,917		)	—
Other Long-Term Liabilities	20,265		11,548		996		—			32,809
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	543,251	$	49,066	$	66,216	$	(161,379	)	$	497,154
TOTAL SHAREHOLDERS’ INVESTMENT:	640,422		337,578		145,911		(483,489		)	640,422
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,394,510	$	455,103	$	274,167	$	(699,987	)	$	1,423,793

20

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING BALANCE SHEET

As of June 30, 2013

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	162,628	$	1,275	$	24,542	$	—		$	188,445
Accounts Receivable, Net	80,017		80,531		30,252		—			190,800
Intercompany Accounts Receivable	11,987		5,971		46,366		(64,324		)	—
Inventories, Net	165,600		175,523		66,972		—			408,095
Deferred Income Tax Asset	32,543		13,923		1,068		—			47,534
Prepaid Expenses and Other Current Assets	15,194		1,967		6,946		—			24,107
Total Current Assets	$	467,969	$	279,190	$	176,146	$	(64,324	)	$	858,981
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	19,052	$	—		$	147,352
Investments	19,764		—		—		—			19,764
Investments in Subsidiaries	520,604		—		—		(520,604		)	—
Intercompany Note Receivable	45,747		81,844		14,486		(142,077		)	—
Debt Issuance Costs	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred Income Tax Asset	48,694		—		83		(21,233		)	27,544
Other Long-Term Assets, Net	9,810		2,957		1,258		—			14,025
Total Other Assets	$	777,629	$	147,413	$	60,247	$	(683,914	)	$	301,375
PLANT AND EQUIPMENT, NET	224,002		45,475		17,718		—			287,195
TOTAL ASSETS	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551
CURRENT LIABILITIES:
Accounts Payable	$	91,965	$	37,112	$	14,112	$	—		$	143,189
Intercompany Accounts Payable	38,078		5,197		21,049		(64,324		)	—
Short-Term Debt	—		—		300		—			300
Accrued Liabilities	111,146		7,452		12,668		—			131,266
Total Current Liabilities	$	241,189	$	49,761	$	48,129	$	(64,324	)	$	274,755
OTHER LIABILITIES:
Accrued Pension Cost	$	149,614	$	472	$	45	$	—		$	150,131
Accrued Employee Benefits	23,458		—		—		—			23,458
Accrued Postretirement Health Care Obligation	57,298		15,397		—		—			72,695
Intercompany Note Payable	85,095		—		56,982		(142,077		)	—
Deferred Income Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	20,008		12,541		1,025		—			33,574
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	560,473	$	49,643	$	58,052	$	(163,310	)	$	504,858
TOTAL SHAREHOLDERS’ INVESTMENT:	667,938		372,674		147,930		(520,604		)	667,938
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedSeptember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	174,789		$	117,765		$	70,409		$	(45,659	)	$	317,304
Cost of Goods Sold	153,466			106,804			55,277			(45,659		)	269,888
Restructuring Charges	1,870			228			1,487			—			3,585
Gross Profit	19,453			10,733			13,645			—			43,831
Engineering, Selling, General and Administrative Expenses	37,508			17,598			13,656			—			68,762
Equity in Income from Subsidiaries	5,553			—			—			(5,553		)	—
Income (Loss) from Operations	(23,608		)	(6,865		)	(11		)	5,553			(24,931		)
Interest Expense	(4,494		)	—			(16		)	—			(4,510		)
Other Income, Net	2,192			90			(189		)	—			2,093
Income (Loss) before Income Taxes	(25,910		)	(6,775		)	(216		)	5,553			(27,348		)
Provision (Credit) for Income Taxes	(6,561		)	(2,504		)	1,066			—			(7,999		)
Net Income (Loss)	$	(19,349	)	$	(4,271	)	$	(1,282	)	$	5,553		$	(19,349	)
Comprehensive Income (Loss)	$	(15,027	)	$	(7,119	)	$	177		$	6,942		$	(15,027	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedSeptember 30, 2012

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	151,563		$	145,117		$	71,966		$	(59,626	)	$	309,020
Cost of Goods Sold	131,959			129,711			57,980			(59,626		)	260,024
Restructuring Charges	1,079			4,035			12			—			5,126
Gross Profit	18,525			11,371			13,974			—			43,870
Engineering, Selling, General and Administrative Expenses	38,442			18,070			9,176			—			65,688
Equity in Income from Subsidiaries	342			—			—			(342		)	—
Income (Loss) from Operations	(20,259		)	(6,699		)	4,798			342			(21,818		)
Interest Expense	(4,443		)	(2		)	(41		)	—			(4,486		)
Other Income, Net	1,041			93			271			—			1,405
Income (Loss) before Income Taxes	(23,661		)	(6,608		)	5,028			342			(24,899		)
Provision (Credit) for Income Taxes	(7,134		)	(2,448		)	1,210			—			(8,372		)
Net Income (Loss)	$	(16,527	)	$	(4,160	)	$	3,818		$	342		$	(16,527	)
Comprehensive Income (Loss)	$	(4,572	)	$	(4,718	)	$	7,144		$	(2,426	)	$	(4,572	)

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months EndedSeptember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(58,591	)	$	(8,847	)	$	14,577		$	—	$	(52,861	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(10,498		)	(694		)	(458		)	—		(11,650		)
Proceeds Received from Disposition of Plant and Equipment	26			2			—			—		28
Cash Investment in Subsidiary	1,570			—			(1,570		)	—		—
Net Cash Provided by (Used in) Investing Activities	(8,902		)	(692		)	(2,028		)	—		(11,622		)
Cash Flows from Financing Activities:
Repayments on Short-Term Debt	—			—			(300		)	—		(300		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(9,818		)	9,818			—			—		—
Treasury Stock Purchases	(9,696		)	—			—			—		(9,696		)
Stock Option Exercise Proceeds and Tax Benefits	994			—			—			—		994
Net Cash Provided by (Used in) Financing Activities	(18,520		)	9,818			(300		)	—		(9,002		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			216			—		216
Net Increase (Decrease) in Cash and Cash Equivalents	(86,013		)	279			12,465			—		(73,269		)
Cash and Cash Equivalents, Beginning	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, Ending	$	76,615		$	1,554		$	37,007		$	—	$	115,176

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months EndedSeptember 30, 2012

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(39,912	)	$	(3,489	)	$	2,041		$	—	$	(41,360	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(6,214		)	(910		)	(747		)	—		(7,871		)
Proceeds Received from Disposition of Plant and Equipment	—			4,651			969			—		5,620
Cash Investment in Subsidiary	1,140			—			(1,140		)	—		—
Net Cash Provided by (Used in) Investing Activities	(5,074		)	3,741			(918		)	—		(2,251		)
Cash Flows from Financing Activities:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	5,000			(5,000		)	—			—		—
Treasury Stock Purchases	(12,886		)	—			—			—		(12,886		)
Stock Option Exercise Proceeds and Tax Benefits	1,534			—			—			—		1,534
Net Cash Used in Financing Activities	(6,352		)	(5,000		)	—			—		(11,352		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			513			—		513
Net Increase (Decrease) in Cash and Cash Equivalents	(51,338		)	(4,748		)	1,636			—		(54,450		)
Cash and Cash Equivalents, Beginning	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, Ending	$	81,770		$	627		$	19,228		$	—	$	101,625

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

The following table provides a summary of financial results, including information presented as a percentage of net sales (in thousands):

	For the Three Months Ended
	September 29, 2013					September 30, 2012
	Dollars			Percent		Dollars			Percent
Net Sales	$	317,304		100.0	%	$	309,020		100.0	%
Cost of Goods Sold	269,888			85.1	%	260,024			84.1	%
Restructuring Charges	3,585			1.1	%	5,126			1.7	%
Gross Profit	43,831			13.8	%	43,870			14.2	%
Engineering, Selling, General and Administrative Expenses	68,762			21.7	%	65,688			21.3	%
Income (Loss) from Operations	(24,931		)	(7.9	)%	(21,818		)	(7.1	)%
Interest Expense	(4,510		)	(1.4	)%	(4,486		)	(1.5	)%
Other Income, Net	2,093			0.7	%	1,405			0.5	%
Income (Loss) Before Income Taxes	(27,348		)	(8.6	)%	(24,899		)	(8.1	)%
Provision (Credit) for Income Taxes	(7,999		)	(2.5	)%	(8,372		)	(2.7	)%
Net Income (Loss)	$	(19,349	)	(6.1	)%	$	(16,527	)	(5.3	)%

NET SALES

Consolidated net sales for the first quarter of fiscal 2014 were $317.3 million, an increase of $8.3 million or 3% from the first quarter of fiscal 2013.

Engines Segment fiscal 2014 first quarter net sales were $183.8 million, which was $19.3 million or 11.7% higher than the first quarter of fiscal 2013. This increase in net sales was driven by higher sales of engines used on lawn and garden equipment and related service parts to customers in the North American and European markets due to more favorable late season growing conditions this fiscal year. The increase was partially offset by unfavorable sales mix due to fewer sales of larger engines used in snow throwers and in portable generators resulting from a lack of storm activity in the first quarter of fiscal 2014 and unfavorable foreign exchange predominantly related to the Australian dollar.

Products Segment fiscal 2014 first quarter net sales were $153.0 million, a decrease of $20.3 million or 11.7% from the first quarter of fiscal 2013. The decrease in net sales was primarily related to lower sales of portable generators due to no landed hurricanes in the first quarter of fiscal 2014. Hurricane Isaac occurred in the first quarter of fiscal 2013. In addition, international net sales were lower in the first quarter of fiscal 2014 due to reduced shipments of snow throwers to customers in Europe and unfavorable foreign exchange primarily related to the Australian dollar. This decrease was partially offset by favorable late season growing conditions during the first quarter of fiscal 2014 that led to higher sales of lawn and garden equipment through our North American dealer channel, pressure washers and service parts as well as net sales from the Branco acquisition.

GROSS PROFIT PERCENTAGE

Included in consolidated gross profit were pre-tax charges of $3.6 million during the first quarter of fiscal 2014 related to restructuring actions. The Engines Segment and Products Segment each recorded $1.8 million of pre-tax restructuring charges within gross profit during the first quarter of fiscal 2014. Included in consolidated gross profit for the first quarter of fiscal 2013 were pre-tax charges of $5.1 million also related to restructuring actions. The Engines Segment recorded pre-tax restructuring charges of $1.1 million and the Products Segment recorded restructuring charges of $4.0 million in the first quarter of fiscal 2013.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The following table is a reconciliation of gross profit by segment, as reported, to adjusted gross profit by segment, excluding restructuring charges.

	Three Months Ended
	September 29, 2013			September 30, 2012
Engines
Engines Net Sales	$	183,787		$	164,515
Engines Gross Profit as Reported	$	25,236		$	24,712
Restructuring Charges	1,765			1,091
Adjusted Engines Gross Profit (1)	$	27,001		$	25,803
Engines Gross Profit % as Reported	13.7		%	15.0		%
Adjusted Engines Gross Profit % (1)	14.7		%	15.7		%
Products
Products Net Sales	$	153,037		$	173,297
Products Gross Profit as Reported	$	17,825		$	18,716
Restructuring Charges	1,820			4,035
Adjusted Products Gross Profit (1)	$	19,645		$	22,751
Products Gross Profit % as Reported	11.6		%	10.8		%
Adjusted Products Gross Profit % (1)	12.8		%	13.1		%
Inter-Segment Eliminations	770			442
Adjusted Gross Profit (1)	$	47,416		$	48,996

(1) Adjusted gross profit is a non-GAAP financial measure. The Company believes this information is meaningful to investors as it isolates the impact that restructuring charges have on gross profit and facilitates comparisons between peer companies. While the Company believes that adjusted gross profit is useful supplemental information, such adjusted results are not intended to replace our Generally Accepted Accounting Principles’ (“GAAP”) financial results and should be read in conjunction with those GAAP results.

The consolidated gross profit percentage was 13.8% in the first quarter of fiscal 2014, down from 14.2% in the same period last year.

The Engines Segment gross profit percentage was 13.7% in the first quarter of fiscal 2014, lower than the 15.0% in the first quarter of fiscal 2013. The Engines Segment adjusted gross profit percentage for the first quarter of 2014 was 14.7%, which was 1.0% lower compared to the first quarter of fiscal 2013. The adjusted gross profit percentage was unfavorably impacted by 2.4% from a 15% reduction in manufacturing volume to reduce inventory. Unfavorable foreign exchange related to the Australian dollar and Japanese yen also impacted the adjusted gross profit percentage by 0.5%. The decrease was partially offset by an increase to adjusted gross profit of 1.3% related to favorable sales mix of higher margin service parts as well as the contribution of margin generated by the Branco acquisition which closed in the second quarter of fiscal 2013. Margins also benefited slightly from reduced manufacturing and materials costs.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The Products Segment gross profit percentage was 11.6% for the first quarter of fiscal 2014, up from 10.8% in the first quarter of fiscal 2013. The Products Segment adjusted gross profit percentage for the first quarter of 2014 was 12.8%, which was 0.3% lower than the adjusted gross profit percentage for the first quarter of fiscal 2013. The adjusted gross profit percentage decreased by 0.8% due to a 21% reduction of manufacturing throughput that was planned in order to control inventory in response to lower sales at the outset of the 2013 lawn and garden season. This decrease was partially offset by the margin contributed by the Branco acquisition.

ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Engineering, selling, general and administrative expenses were $68.8 million in the first quarter of fiscal 2014, an increase of $3.1 million or 4.7% from the first quarter of fiscal 2013.

The Engines Segment engineering, selling, general and administrative expenses were $43.3 million in the first quarter of fiscal 2014, an increase of $1.1 million from the first quarter of fiscal 2013 primarily due to higher compensation expense and the addition of expenses from Branco. The increase was partially offset by $1.5 million of lower pension expense in fiscal 2014.

The Products Segment fiscal 2014 first quarter engineering, selling, general and administrative expenses were $25.4 million, an increase of $2.0 million from the first quarter of fiscal 2013. The increase was mainly attributable to the additional expenses from Branco.

INTEREST EXPENSE

Interest expense for the first quarter of fiscal 2014 was comparable to the same period a year ago.

PROVISION FOR INCOME TAXES

The effective tax rate for the first quarter of fiscal 2014 was 29.3% compared to 33.6% for the same period in the prior year. The decrease in the effective tax rate for the first quarter of fiscal 2014 as compared to the first quarter of fiscal 2013 was primarily due to non-deductible losses of certain foreign subsidiaries and foreign tax rates that vary from the U.S. statutory rate.

RESTRUCTURING ACTIONS

The previously announced restructuring actions remain on schedule. The Company achieved incremental pre-tax savings for the first quarter of $0.7 million. The Company continues to make progress towards moving horizontal engine manufacturing from its Auburn, Alabama plant to China. As noted previously, pre-tax restructuring costs for the first quarter of fiscal 2014 were $3.6 million. Pre-tax restructuring cost estimates for fiscal 2014 remain unchanged at $6 million to $8 million. Incremental restructuring savings for fiscal 2014 are expected to be $3 million to $5 million.

LIQUIDITY AND CAPITAL RESOURCES

Cash flows used in operating activities for the first three months of fiscal 2014 were $52.9 million compared to $41.4 million in the first three months of fiscal 2013. The change in operating cash flows was primarily related to changes in working capital needs in fiscal 2014 associated with a lower reduction in accounts receivable partially offset by the benefit of reduced inventory production levels.

Cash flows used in investing activities were $11.6 million and $2.3 million during the first three months of fiscal 2014 and fiscal 2013, respectively. The $9.3 million increase in cash used in investing activities was primarily related to $5.6 million of proceeds received on disposition of plant and equipment during the first quarter of fiscal 2013, primarily associated with the sale of the dormant manufacturing facility in Jefferson, Wisconsin and a land parcel adjacent to the Ostrava, Czech Republic plant. The remaining $3.7 million increase was attributable to higher capital expenditures in the first quarter of fiscal 2014 compared to the same period a year ago.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Cash flows used in financing activities were $9.0 million and $11.4 million during the first three months of fiscal 2014 and fiscal 2013, respectively. The $2.4 million decrease in cash used in financing activities was primarily attributable to $3.2 million of lower treasury share repurchases during the first quarter of fiscal 2014 compared to the same period a year ago.

FUTURE LIQUIDITY AND CAPITAL RESOURCES

On December 15, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020.  

On October 13, 2011, the Company entered into a $500 million multicurrency credit agreement (the “Revolver”), which replaced the Company's prior amended and restated multicurrency credit agreement. On October 21, 2013, the Company entered into an amendment to the Revolver, which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018. The initial maximum availability under the revolving credit facility 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 September 29, 2013, there were no borrowings under the Revolver.

On August 8, 2012 the Board of Directors of the Company authorized up to $50 million in funds associated with the common share repurchase program with an expiration date of June 30, 2014. 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 loan covenants. During the three months ended September 29, 2013, the Company repurchased 482,926 shares on the open market at an average price of $20.08 per share.

The Company expects capital expenditures to be approximately $50 million to $55 million in fiscal 2014. These anticipated expenditures reflect our plans to continue to reinvest in efficient equipment and innovative new products.

During the first three months of fiscal 2014, the Company made no cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies, the Company estimates that it will make no required minimum contributions to the qualified pension plan during the remainder of fiscal 2014 or fiscal 2015. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.

Management believes that available cash, cash generated from operations, existing lines of credit and access to debt markets will be adequate to fund the Company’s capital requirements and operational needs for the foreseeable future.

The Revolver and the 6.875% Senior Notes contain restrictive covenants. These covenants include restrictions on the Company’s ability to: pay dividends; repurchase shares; incur indebtedness; create liens; enter into sale and leaseback transactions; consolidate or merge with other entities; sell or lease all or substantially all of its assets; and dispose of assets or use proceeds from sales of its assets. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose a maximum leverage ratio. As of September 29, 2013, the Company was in compliance with these covenants, and expects to be in compliance with all covenants during the remainder of fiscal 2014.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

OFF-BALANCE SHEET ARRANGEMENTS

There have been no material changes since the August 27, 2013 filing of the Company’s Annual Report on Form 10-K.

CONTRACTUAL OBLIGATIONS

There have been no material changes since the August 27, 2013 filing of the Company’s Annual Report on Form 10-K except that subsequent to the filing of the Company's Annual Report on Form 10-K, on October 21, 2013, the Company entered into an amendment to the Revolver, which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018.

CRITICAL ACCOUNTING POLICIES

There have been no material changes in the Company’s critical accounting policies since the August 27, 2013 filing of its Annual Report on Form 10-K. As discussed in our annual report, the preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions about future events that affect the amounts reported in the financial statements and accompanying notes. Future events and their effects cannot be determined with absolute certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results inevitably will differ from those estimates, and such differences may be material to the financial statements.

The most significant accounting estimates inherent in the preparation of our financial statements include a goodwill assessment, estimates as to the realizability of accounts receivable and inventory assets, as well as estimates used in the determination of liabilities related to customer rebates, pension obligations, postretirement benefits, warranty, product liability, group health insurance, litigation and taxation. Various assumptions and other factors underlie the determination of these significant estimates. The process of determining significant estimates is fact specific and takes into account factors such as historical experience, current and expected economic conditions, product mix, and, in some instances, actuarial techniques. The Company re-evaluates these significant factors as facts and circumstances change.

NEW ACCOUNTING PRONOUNCEMENTS

A discussion of new accounting pronouncements is included in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q under the heading New Accounting Pronouncements and incorporated herein by reference.

OTHER MATTERS

The Labor Agreement with United Steelworkers Local 2-232 expired on July 31, 2013. The agreement covered 395 hourly employees in our Wauwatosa and Menomonee Falls, Wisconsin facilities. Membership of the union ratified a new Labor Agreement on October 30, 2013. The new Agreement took effect on October 30, 2013 and expires on July 31, 2017.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

This report contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. The words “believe”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “project”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements are based on the Company’s current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully forecast demand for our products; changes in interest rates and foreign exchange rates; the effects of weather on the purchasing patterns of consumers and original equipment manufacturers (OEMs); actions of engine manufacturers and OEMs with whom we compete; changes in laws and regulations; changes in customer and OEM demand; changes in prices of raw materials and parts that we purchase; changes in domestic and foreign economic conditions; the ability to bring new productive capacity on line efficiently and with good quality; outcomes of legal proceedings and claims; and other factors disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Item 1A, Risk Factors, of the Company’s Annual Report on Form 10-K and in its periodic reports on Form 10-Q.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes since the August 27, 2013 filing of the Company’s Annual Report on Form 10-K.

ITEM 4. CONTROLS AND PROCEDURES

DISCLOSURE CONTROLS AND PROCEDURES

The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.

INTERNAL CONTROL OVER FINANCIAL REPORTING

There has not been any change in the Company’s internal control over financial reporting during the first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

A discussion of legal proceedings is included in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q under the heading Commitments and Contingencies and incorporated herein by reference.

ITEM 1A. RISK FACTORS

There have been no material changes since the August 27, 2013 filing of the Company’s Annual Report on Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The table below sets forth the information with respect to purchases made by or on behalf of the Company of its common stock during the quarterly period ended September 29, 2013.

2014 Fiscal Month	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of a Publicly Announced Program (1)	Approximate Dollar Value of Shares that May Yet Be Purchased Under  the Program (1)
July 1, 2013 to July 28, 2013	130,003	$	20.90	130,003	$	27,635,768
July 29, 2013 to August 25, 2013	153,823	20.07		153,823	24,548,540
August 26, 2013 to September 29, 2013	199,100	19.55		199,100	20,656,135
Total First Quarter	482,926	$	20.08	482,926	$	20,656,135

(1) On August 8, 2012 the Board of Directors of the Company authorized up to $50 million in funds associated with the common share repurchase program with an expiration date of June 30, 2014.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

ITEM 6. EXHIBITS

Exhibit Number	Description
10.1	Expatriate Agreement for William H. Reitman (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, dated September 6, 2013, and incorporated herein by reference)
10.2	Second Amendment to Multicurrency Credit Agreement, dated as of October 21, 2013, among Briggs & Stratton Corporation, Briggs & Stratton AG, Briggs & Stratton Power Products Group, LLC, the financial institutions from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, dated October 21, 2013, and incorporated herein by reference)
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
32.1	Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
32.2	Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 29, 2013 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Condensed Balance Sheets, (ii) the Consolidated Condensed Statements of Operations, (iii) the Consolidated Condensed Statements of Comprehensive Loss, (iv) the Consolidated Condensed Statements of Cash Flows, and (v) related Notes to Condensed Consolidated Financial Statements

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		BRIGGS & STRATTON CORPORATION
		(Registrant)
Date:	November 7, 2013	/s/ David J. Rodgers
		David J. Rodgers
		Senior Vice President and Chief Financial Officer and Duly Authorized Officer

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

EXHIBIT INDEX

Exhibit Number	Description
10.1	Expatriate Agreement for William H. Reitman (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, dated September 6, 2013, and incorporated herein by reference)
10.2	Second Amendment to Multicurrency Credit Agreement, dated as of October 21, 2013, among Briggs & Stratton Corporation, Briggs & Stratton AG, Briggs & Stratton Power Products Group, LLC, the financial institutions from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, dated October 21, 2013, and incorporated herein by reference)
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
32.1	Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
32.2	Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 29, 2013 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Condensed Balance Sheets, (ii) the Consolidated Condensed Statements of Operations, (iii) the Consolidated Condensed Statements of Comprehensive Loss, (iv) the Consolidated Condensed Statements of Cash Flows, and (v) related Notes to Condensed Consolidated Financial Statements

33

EX-31.1

Exhibit 31.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended September 29, 2013

Certification of Principal Executive Officer

I, Todd J. Teske, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Briggs & Stratton Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 7, 2013	/s/ Todd J. Teske
		Todd J. Teske
		Chief Executive Officer

EX-31.2

Exhibit 31.2

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended September 29, 2013

Certification of Principal Financial Officer

I, David J. Rodgers, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Briggs & Stratton Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 7, 2013	/s/ David J. Rodgers
		David J. Rodgers
		Chief Financial Officer

EX-32.1

Exhibit 32.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended September 29, 2013

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Briggs & Stratton Corporation (the “Company”) on Form 10-Q for the quarter ended September 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Todd J. Teske, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Todd J. Teske

Todd J. Teske

Chief Executive Officer

November 7, 2013

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended September 29, 2013

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Briggs & Stratton Corporation (the “Company”) on Form 10-Q for the quarter ended September 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David J. Rodgers, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David J. Rodgers

David J. Rodgers

Chief Financial Officer

November 7, 2013

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Warranty

3 Months Ended

Sep. 29, 2013

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 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 29, 2013			September 30, 2012
Beginning Balance	$	45,037		$	46,013
Payments	(8,330		)	(7,599		)
Provision for Current Year Warranties	5,381			5,774
Changes in Estimates	42			2
Ending Balance	$	42,130		$	44,190

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Commitments And Contingencies (Details) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013 USD ($)	Jun. 30, 2013 CAD
Commitments and Contingencies Disclosure [Abstract]
Aggregate Amount Agreed To Be Paid By Settling Defendents		4.2
Litigation Settlement	$ 1.9

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Consolidated Condensed Statements Of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Income Statement [Abstract]
NET SALES	$ 317,304	$ 309,020
COST OF GOODS SOLD	269,888	260,024
Cost Of Goods Sold Restructuring Charges	3,585	5,126
Gross Profit	43,831	43,870
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	68,762	65,688
Loss from Operations	(24,931)	(21,818)
INTEREST EXPENSE	(4,510)	(4,486)
OTHER INCOME, Net	2,093	1,405
Loss Before Income Taxes	(27,348)	(24,899)
CREDIT FOR INCOME TAXES	(7,999)	(8,372)
NET LOSS	$ (19,349)	$ (16,527)
EARNINGS (LOSS) PER SHARE DATA:
Weighted Average Shares Outstanding	46,997	47,133
Basic Earnings (Loss) Per Share	$ (0.41)	$ (0.35)
Diluted Average Shares Outstanding	46,997	47,133
Diluted Earnings (Loss) Per Share	$ (0.41)	$ (0.35)
DIVIDENDS PER SHARE	$ 0.12	$ 0.12

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Acquisitions

3 Months Ended

Sep. 29, 2013

Acquisitions [Abstract]

Acquisitions

Acquisitions

On December 7, 2012, Briggs & Stratton Representação de Motores e Produtos de Força do Brasil Ltda., a wholly-owned subsidiary of the Company, acquired all of the common stock of Companhia Caetano Branco (“Branco”) of Sao Jose dos Pinhais, Brazil for total cash consideration of $59.6 million, net of cash acquired. Branco is a leading brand in the Brazilian light power equipment market with a broad range of outdoor power equipment used primarily in light commercial applications. Its products, including generators, water pumps, light construction equipment and diesel engines, are sold through its independent network of over 1,200 dealers throughout Brazil. The Company recorded a purchase price allocation during fiscal 2013 based on a fair value appraisal by a third party valuation firm. The purchase price allocation resulted in the recognition of $15.3 million of goodwill, of which $4.6 million and $10.7 million were allocated to the Engines Segment and Products Segment, respectively, and $24.0 million of intangible assets, including $14.6 million of customer relationships and $9.4 million of tradenames.

The results of operations of Branco have been included in the Consolidated Condensed Statements of Operations since the date of acquisition. Pro forma financial information and allocation of the purchase price are not presented as the effects of the acquisition are not material to the Company's consolidated results of operations or financial position.

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Restructuring Actions (Tables)

3 Months Ended

Sep. 29, 2013

Restructuring Actions [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Consolidated Condensed Balance Sheets) attributable to all Engines Segment restructuring activities for the three month period ended September 29, 2013 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	99		$	2,575		$	2,674
Provisions	—			1,765			1,765
Cash Expenditures	(94		)	(1,534		)	(1,628		)
Other Adjustments (1)	—			(231		)	(231		)
Reserve Balance at September 29, 2013	$	5		$	2,575		$	2,580

(1)Other adjustments includes $0.2 million of accelerated depreciation.

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Consolidated Condensed Balance Sheets) attributable to all Products Segment restructuring activities for the three month period ended September 29, 2013 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	94		$	45		$	139
Provisions	—			1,820			1,820
Cash Expenditures	(91		)	(325		)	(416		)
Other Adjustments (2)	—			(1,540		)	(1,540		)
Reserve Balance at September 29, 2013	$	3		$	—		$	3

(2) Other adjustments includes $1.5 million of asset impairments.

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Segment Information Restructuring Charges Impact on Operating Income (Loss) by Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Restructuring Charges	$ 3,585	$ 5,126
Engines [Member]
Restructuring Charges	1,765	1,091
Products [Member]
Restructuring Charges	$ 1,820	$ 4,035

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Income Taxes

3 Months Ended

Sep. 29, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rate for the first quarter of fiscal 2014 was 29.3% compared to 33.6% in the same period last year. The decrease in the effective tax rate for the first quarter of fiscal 2014 compared to the first quarter of fiscal 2013 was primarily driven by non-deductible losses of certain foreign subsidiaries and foreign tax rates that vary from the U.S. statutory rate.

For the three months ended September 29, 2013, the Company's unrecognized tax benefits increased by $0.1 million, all of which impacted the current effective tax rate.

Income tax returns are filed in the U.S., state, and foreign jurisdictions and related audits occur on a regular basis. In the U.S., the Company is no longer subject to U.S. federal income tax examinations before fiscal 2010 and is currently under audit by U.S. federal and various state jurisdictions. With respect to the Company's major foreign jurisdictions, they are no longer subject to tax examinations before fiscal 2003.

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Fair Value Measurements (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Jun. 30, 2013
Estimate of Fair Value Measurement [Member]
Assets, Derivatives	$ 715	$ 2,009
Liabilities, Derivatives	5,513	5,413
Fair Value Measurements Using Level 1 [Member]
Assets, Derivatives	0	0
Liabilities, Derivatives	0	0
Fair Value Measurements Using Level 2 [Member]
Assets, Derivatives	715	2,009
Liabilities, Derivatives	5,513	5,413
Fair Value Measurements Using Level 3 [Member]
Assets, Derivatives	0	0
Liabilities, Derivatives	$ 0	$ 0

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Debt (Details) (USD $)			3 Months Ended			3 Months Ended
	Sep. 29, 2013	Jun. 30, 2013	Sep. 29, 2013 Senior Notes [Member]	Jun. 30, 2013 Senior Notes [Member]	Dec. 15, 2010 Senior Notes [Member]	Sep. 29, 2013 Multicurrency Credit Agreement [Member]	Oct. 21, 2013 Multicurrency Credit Agreement [Member]	Jun. 30, 2013 Multicurrency Credit Agreement [Member]
Debt Instrument [Line Items]
Senior Notes			$ 225,000,000	$ 225,000,000	$ 225,000,000
Line of Credit Facility, Amount Outstanding						0		0
Long-Term Debt	225,000,000	225,000,000
Debt Instrument, Interest Rate, Stated Percentage					6.875%
Debt Instrument, Maturity Date			Dec. 15, 2020
Line of Credit Facility, Maximum Borrowing Capacity						500,000,000	500,000,000
Line of Credit Facility, Expiration Date						Oct. 21, 2018
Line Of Credit Facility Increased Available Maximum Borrowing Capacity							$ 250,000,000

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Earnings (Loss) Per Share Earnings (Loss) Per Share Information (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Net Loss	$ (19,349)	$ (16,527)
Less: Earnings Allocated to Participating Securities	(151)	(96)
Net Loss Available to Common Shareholders	$ (19,500)	$ (16,623)
Weighted Average Shares Outstanding	46,997	47,133
Diluted Average Shares Outstanding	46,997	47,133
Basic Earnings (Loss) Per Share	$ (0.41)	$ (0.35)
Diluted Earnings (Loss) Per Share	$ (0.41)	$ (0.35)

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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Sep. 29, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Contracts

As of September 29, 2013 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		September 29, 2013	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	19,632	6,392
Euro	Sell	34,250	31,000
Japanese Yen	Buy	745,000	905,000
Mexican Peso	Sell	3,345	3,345
Commodity:
Aluminum (Metric Tons)	Buy	13	18
Natural Gas (Therms)	Buy	3,983	5,423

Schedule of Derivative Instruments in Consolidated Condensed Balance Sheets, Fair Value

The location and fair value of derivative instruments reported in the Consolidated Condensed Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	September 29, 2013			June 30, 2013
Interest rate contracts
Other Long-Term Assets	$	161		$	257
Other Long-Term Liabilities	(1,322		)	(1,020		)
Foreign currency contracts
Other Current Assets	554			1,752
Accrued Liabilities	(1,398		)	(1,138		)
Commodity contracts
Accrued Liabilities	(2,791		)	(3,250		)
Other Long-Term Liabilities	(2		)	(5		)
	$	(4,798	)	$	(3,404	)

Schedule of Derivative Instruments, Gain (Loss) in Consolidated Condensed Statements of Operations

The effect of derivative instruments on the Consolidated Condensed Statements of Operations is as follows (in thousands):

	Three months ended September 29, 2013
	Recognized in Earnings
	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	$	(250	)	Net Sales	$	(295	)	$	—
Foreign currency contracts - sell	(948		)	Net Sales	5			—
Foreign currency contracts - buy	39			Cost of Goods Sold	(467		)	—
Commodity contracts	878			Cost of Goods Sold	(1,498		)	—
	$	(281	)		$	(2,255	)	$	—

	Three months ended September 30, 2012
	Recognized in Earnings
	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	$	(453	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	(933		)	Net Sales	578			—
Foreign currency contracts - buy	(11		)	Cost of Goods Sold	128			—
Commodity contracts	2,452			Cost of Goods Sold	(1,177		)	—
	$	1,055			$	(471	)	$	—

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Pension and Postretirement Benefits (Tables)

3 Months Ended

Sep. 29, 2013

Compensation and Retirement Disclosure [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 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Components of Net Periodic Expense:
Service Cost	$	1,938		$	3,837		$	89		$	97
Interest Cost on Projected Benefit Obligation	13,452			13,326			1,149			1,200
Expected Return on Plan Assets	(18,566		)	(19,211		)	—			—
Amortization of:
Transition Obligation	—			2			—			—
Prior Service Cost (Credit)	45			225			(724		)	(897		)
Actuarial Loss	6,270			8,822			1,459			1,890
Net Periodic Expense	$	3,139		$	7,001		$	1,973		$	2,290

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Derivative Instruments and Hedging Activities Balance Sheet Location (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Jun. 30, 2013
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ (4,798)	$ (3,404)
Other Long-Term Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	161	257
Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	(1,322)	(1,020)
Commodity Contracts at Fair Value	(2)	(5)
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	554	1,752
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	(1,398)	(1,138)
Commodity Contracts at Fair Value	$ (2,791)	$ (3,250)

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Acquisitions (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2013
Business Acquisition [Line Items]
Business Acquisition, Cost of Acquired Entity, Cash Paid	$ 59.6
Business Acquisition, Goodwill	15.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	24.0
Engines [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill	4.6
Products [Member]
Business Acquisition [Line Items]
Business Acquisition, Goodwill	10.7
Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	9.4
Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 14.6

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Earnings (Loss) Per Share Share Repurchase Information (Details) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended	3 Months Ended
	Aug. 08, 2012	Sep. 29, 2013	Sep. 30, 2012
Stock Repurchase Program, Authorized Amount	$ 50
Treasury Stock, Shares, Acquired		482,926	726,745
Treasury Stock Acquired, Average Cost Per Share		$ 20.08	$ 17.73

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Fair Value Measurements Fair Value Disclosures (Details) (USD $)	Sep. 29, 2013	Jun. 30, 2013	Dec. 15, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 245,300,000	$ 250,900,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	$ 225,000,000	$ 225,000,000	$ 225,000,000

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Debt (Tables)

3 Months Ended

Sep. 29, 2013

Debt Disclosure [Abstract]

Schedule of Long-Term Indebtedness

The following is a summary of the Company’s long-term indebtedness (in thousands):

	September 29, 2013		June 30, 2013
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	—		—
	$	225,000	$	225,000

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Stock Incentives Stock Incentives (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Compensation Expense	$ 3,040	$ 2,511

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Earnings (Loss) Per Share (Tables)

3 Months Ended

Sep. 29, 2013

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

Information on earnings (loss) per share is as follows (in thousands except per share data):

	Three Months Ended
	September 29, 2013			September 30, 2012
Net Loss	$	(19,349	)	$	(16,527	)
Less: Earnings Allocated to Participating Securities	(151		)	(96		)
Net Loss Available to Common Shareholders	$	(19,500	)	$	(16,623	)
Average Shares of Common Stock Outstanding	46,997			47,133
Diluted Average Shares Outstanding	46,997			47,133
Basic Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)
Diluted Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)

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 (loss) per share as the exercise prices were greater than the average market price of the common shares:

	Three Months Ended
	September 29, 2013		September 30, 2012
Options to Purchase Shares of Common Stock (in thousands)	1,348		3,505
Weighted Average Exercise Price of Options Excluded	$	31.88	$	26.19

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Consolidated Condensed Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (19,349)	$ (16,527)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation and Amortization	13,874	13,778
Stock Compensation Expense	3,040	2,511
Loss (Gain) on Disposition of Plant and Equipment	157	(43)
Credit for Deferred Income Taxes	(1,418)	(6,152)
Earnings of Unconsolidated Affiliates	(1,529)	(867)
Dividends Received from Unconsolidated Affiliates	1,500	4,411
Cash Contributions to Pension Plans	0	(5,466)
Non-Cash Restructuring Charges	1,726	3,185
Change in Operating Assets and Liabilities:
Accounts Receivable	20,110	30,762
Inventories	(61,310)	(69,546)
Other Current Assets	(9,983)	2,809
Accounts Payable and Accrued Liabilities	4,515	3,749
Other, Net	(4,194)	(3,964)
Net Cash Used in Operating Activities	(52,861)	(41,360)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(11,650)	(7,871)
Proceeds Received on Disposition of Plant and Equipment	28	5,620
Net Cash Used in Investing Activities	(11,622)	(2,251)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of Short-Term Debt	(300)	0
Treasury Stock Purchases	(9,696)	(12,886)
Stock Option Exercise Proceeds and Tax Benefits	994	1,534
Net Cash Used in Financing Activities	(9,002)	(11,352)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	216	513
NET DECREASE IN CASH AND CASH EQUIVALENTS	(73,269)	(54,450)
CASH AND CASH EQUIVALENTS:
CASH AND CASH EQUIVALENTS, Beginning	188,445	156,075
CASH AND CASH EQUIVALENTS, Ending	$ 115,176	$ 101,625

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New Accounting Pronouncements

3 Months Ended

Sep. 29, 2013

Prospective Adoption of New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," which requires an entity to present significant reclassifications out of accumulated other comprehensive income by the respective line items of net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety from accumulated other comprehensive income to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2012 with earlier adoption permitted. The amendments in the ASU should be applied prospectively. The Company adopted ASU No. 2013-02 at the beginning of fiscal 2014, and the required new disclosures are presented in Note 3. The adoption of this ASU did not have any impact on the Company's results of operations, financial position or cash flow, as the ASU solely relates to disclosures.

In July 2012, the FASB issued ASU No. 2012-02, "Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment,"which permits an entity to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired before performing quantitative impairment testing. The amendments do not change the measurement of impairment losses. This update is effective for fiscal years beginning after September 15, 2012, with early adoption permitted. The Company adopted ASU No. 2012-02 at the beginning of fiscal 2014. The adoption of this ASU did not have any impact on the Company’s results of operations, financial position or cash flow.

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Restructuring Actions

3 Months Ended

Sep. 29, 2013

Restructuring Actions [Abstract]

Restructuring Actions

Restructuring Actions

In January 2012, the Company announced plans to reduce manufacturing capacity through closure of its Newbern, Tennessee and Ostrava, Czech Republic plants, as well as the reconfiguration of its plant in Poplar Bluff, Missouri. During fiscal 2012, the Company ceased manufacturing operations at its Newbern, Tennessee and Ostrava, Czech Republic plants, and carried out reconfiguration of the Poplar Bluff, Missouri plant.

In April 2012, the Company announced plans to further reduce manufacturing costs through consolidation of its Auburn, Alabama manufacturing facility as well as the reduction of approximately 10% of the Company's salaried headcount. In fiscal 2012 and fiscal 2013, the Company implemented the salaried headcount reductions. Additionally, beginning in fiscal 2013, the Company no longer pursues placement of lawn and garden products at national mass retailers. The Engines Segment continues to support lawn and garden equipment OEMs who provide lawn and garden equipment to these retailers. The Products Segment continues to focus on innovative, higher margin products that are sold through our network of Simplicity, Snapper and Ferris dealers and regional retailers. The Company also continues to sell pressure washers and portable and standby generators through the U.S. mass retail channel.

Workforce reductions associated with the Company's restructuring initiatives impacted approximately 1,250 regular and temporary employees globally.

In October 2012, the Board of Directors of the Company authorized an amendment to the Company's defined benefit retirement plans for U.S., non-bargaining employees. The amendment freezes accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in the second quarter of fiscal 2013 related to the defined benefit plan change.

In the first quarter of fiscal 2013, the Company completed the sale of its dormant manufacturing facility in Jefferson, Wisconsin and a land parcel adjacent to its Ostrava, Czech Republic plant. In the fourth quarter of fiscal 2013, the Company completed the sale of the Ostrava, Czech Republic facility.

The Company reports restructuring charges associated with manufacturing and related initiatives as costs of goods sold within the Consolidated Condensed Statements of Operations. Restructuring charges reflected as costs of goods sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments and accelerated depreciation relating to manufacturing initiatives, and other costs directly related to the restructuring initiatives implemented. The Company reports all other non-manufacturing related restructuring charges as engineering, selling, general and administrative expenses on the Consolidated Condensed Statements of Operations. The Company recorded pre-tax charges of $3.6 million ($2.9 million after tax or $0.06 per diluted share) during the three months ended September 29, 2013 related to the restructuring actions. The Engines Segment recorded $1.8 million of pre-tax restructuring charges during the first quarter of fiscal 2014. The Products Segment recorded $1.8 million of pre-tax restructuring charges during the first quarter of fiscal 2014.

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Consolidated Condensed Balance Sheets) attributable to all Engines Segment restructuring activities for the three month period ended September 29, 2013 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	99		$	2,575		$	2,674
Provisions	—			1,765			1,765
Cash Expenditures	(94		)	(1,534		)	(1,628		)
Other Adjustments (1)	—			(231		)	(231		)
Reserve Balance at September 29, 2013	$	5		$	2,575		$	2,580

(1)Other adjustments includes $0.2 million of accelerated depreciation.

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Consolidated Condensed Balance Sheets) attributable to all Products Segment restructuring activities for the three month period ended September 29, 2013 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	94		$	45		$	139
Provisions	—			1,820			1,820
Cash Expenditures	(91		)	(325		)	(416		)
Other Adjustments (2)	—			(1,540		)	(1,540		)
Reserve Balance at September 29, 2013	$	3		$	—		$	3

(2) Other adjustments includes $1.5 million of asset impairments.

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Accumulated Other Comprehensive Income (Loss) (Notes)

3 Months Ended

Sep. 29, 2013

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 29, 2013
	Cumulative Translation Adjustments		Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,886	$	(3,673	)	$	(233,141	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	253		(2,710		)	—			(2,457		)
Income Tax Benefit	—		1,038			—			1,038
Net Other Comprehensive Income (Loss) Before Reclassifications	253		(1,672		)	—			(1,419		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—		462			—			462
Realized (Gains) Losses - Commodity Contracts (1)	—		1,498			—			1,498
Realized (Gains) Losses - Interest Rate Swaps (1)	—		295			—			295
Amortization of Prior Service Costs (Credits) (2)	—		—			(679		)	(679		)
Amortization of Actuarial Losses (2)	—		—			7,729			7,729
Total Reclassifications Before Tax	—		2,255			7,050			9,305
Income Tax Expense (Benefit)	—		(864		)	(2,700		)	(3,564		)
Net Reclassifications	—		1,391			4,350			5,741
Other Comprehensive Income (Loss)	253		(281		)	4,350			4,322
Ending Balance	$	12,139	$	(3,954	)	$	(228,791	)	$	(220,606	)

(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.

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Pension and Postretirement Benefits Net Periodic Income and Expense (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	$ 1,938	$ 3,837
Interest Cost on Projected Benefit Obligation	13,452	13,326
Expected Return on Plan Assets	(18,566)	(19,211)
Amortization of Transition Obligation	0	2
Amortization of Prior Service Cost (Credit)	45	225
Amortization of Actuarial Loss	6,270	8,822
Net Periodic Expense	3,139	7,001
Other Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	89	97
Interest Cost on Projected Benefit Obligation	1,149	1,200
Expected Return on Plan Assets	0	0
Amortization of Transition Obligation	0	0
Amortization of Prior Service Cost (Credit)	(724)	(897)
Amortization of Actuarial Loss	1,459	1,890
Net Periodic Expense	$ 1,973	$ 2,290

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Fair Value Measurements (Tables)

3 Months Ended

Sep. 29, 2013

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 29, 2013 and June 30, 2013 (in thousands):

			Fair Value Measurements Using
	September 29, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	715	$	—	$	715	$	—
Liabilities:
Derivatives	$	5,513	$	—	$	5,513	$	—
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	2,009	$	—	$	2,009	$	—
Liabilities:
Derivatives	$	5,413	$	—	$	5,413	$	—

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Separate Financial Information Of Subsidiary Guarantor Of Indebtedness (Tables)

3 Months Ended

Sep. 29, 2013

Separate Financial Information Of Subsidiary Guarantors Of Indebtedness

Schedule Of Outstanding Amounts Related To Guaranteed Debt

The Company had the following outstanding amounts related to the guaranteed debt (in thousands):

	September 29, 2013 Carrying Amount		Maximum Guarantee
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	—	$	500,000

Schedule of Condensed Supplemental Consolidating Balance Sheets

CONSOLIDATING BALANCE SHEET

As of September 29, 2013

(Unaudited)

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	76,615	$	1,554	$	37,007	$	—		$	115,176
Accounts Receivable, Net	61,467		69,089		40,547		—			171,103
Intercompany Accounts Receivable	15,846		4,380		34,893		(55,119		)	—
Inventories, Net	213,213		181,372		74,039		—			468,624
Deferred Income Tax Asset	31,839		14,603		1,078		—			47,520
Prepaid Expenses and Other Current Assets	23,060		3,089		11,040		—			37,189
Total Current Assets	$	422,040	$	274,087	$	198,604	$	(55,119	)	$	839,612
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	18,918	$	—		$	147,218
Investments	19,220		—		—		—			19,220
Investments in Subsidiaries	483,489		—		—		(483,489		)	—
Intercompany Note Receivable	54,448		72,029		12,985		(139,462		)	—
Debt Issuance Costs	4,464		—		—		—			4,464
Other Intangible Assets, Net	—		62,312		24,688		—			87,000
Long-Term Deferred Income Tax Asset	48,080		—		625		(21,917		)	26,788
Other Long-Term Assets, Net	9,862		2,765		1,256		—			13,883
Total Other Assets	$	747,863	$	137,106	$	58,472	$	(644,868	)	$	298,573
PLANT AND EQUIPMENT, NET	224,607		43,910		17,091		—			285,608
TOTAL ASSETS	$	1,394,510	$	455,103	$	274,167	$	(699,987	)	$	1,423,793
CURRENT LIABILITIES:
Accounts Payable	$	96,067	$	29,928	$	20,301	$	—		$	146,296
Intercompany Accounts Payable	27,104		5,530		22,485		(55,119		)	—
Accrued Liabilities	87,666		33,001		19,254		—			139,921
Total Current Liabilities	$	210,837	$	68,459	$	62,040	$	(55,119	)	$	286,217
OTHER LIABILITIES:
Accrued Pension Cost	$	145,646	$	461	$	31	$	—		$	146,138
Accrued Employee Benefits	23,520		—		—		—			23,520
Accrued Postretirement Health Care Obligation	54,547		15,140		—		—			69,687
Intercompany Note Payable	74,273		—		65,189		(139,462		)	—
Deferred Income Tax Liabilities	—		21,917		—		(21,917		)	—
Other Long-Term Liabilities	20,265		11,548		996		—			32,809
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	543,251	$	49,066	$	66,216	$	(161,379	)	$	497,154
TOTAL SHAREHOLDERS’ INVESTMENT:	640,422		337,578		145,911		(483,489		)	640,422
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,394,510	$	455,103	$	274,167	$	(699,987	)	$	1,423,793

CONSOLIDATING BALANCE SHEET

As of June 30, 2013

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	162,628	$	1,275	$	24,542	$	—		$	188,445
Accounts Receivable, Net	80,017		80,531		30,252		—			190,800
Intercompany Accounts Receivable	11,987		5,971		46,366		(64,324		)	—
Inventories, Net	165,600		175,523		66,972		—			408,095
Deferred Income Tax Asset	32,543		13,923		1,068		—			47,534
Prepaid Expenses and Other Current Assets	15,194		1,967		6,946		—			24,107
Total Current Assets	$	467,969	$	279,190	$	176,146	$	(64,324	)	$	858,981
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	19,052	$	—		$	147,352
Investments	19,764		—		—		—			19,764
Investments in Subsidiaries	520,604		—		—		(520,604		)	—
Intercompany Note Receivable	45,747		81,844		14,486		(142,077		)	—
Debt Issuance Costs	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred Income Tax Asset	48,694		—		83		(21,233		)	27,544
Other Long-Term Assets, Net	9,810		2,957		1,258		—			14,025
Total Other Assets	$	777,629	$	147,413	$	60,247	$	(683,914	)	$	301,375
PLANT AND EQUIPMENT, NET	224,002		45,475		17,718		—			287,195
TOTAL ASSETS	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551
CURRENT LIABILITIES:
Accounts Payable	$	91,965	$	37,112	$	14,112	$	—		$	143,189
Intercompany Accounts Payable	38,078		5,197		21,049		(64,324		)	—
Short-Term Debt	—		—		300		—			300
Accrued Liabilities	111,146		7,452		12,668		—			131,266
Total Current Liabilities	$	241,189	$	49,761	$	48,129	$	(64,324	)	$	274,755
OTHER LIABILITIES:
Accrued Pension Cost	$	149,614	$	472	$	45	$	—		$	150,131
Accrued Employee Benefits	23,458		—		—		—			23,458
Accrued Postretirement Health Care Obligation	57,298		15,397		—		—			72,695
Intercompany Note Payable	85,095		—		56,982		(142,077		)	—
Deferred Income Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	20,008		12,541		1,025		—			33,574
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	560,473	$	49,643	$	58,052	$	(163,310	)	$	504,858
TOTAL SHAREHOLDERS’ INVESTMENT:	667,938		372,674		147,930		(520,604		)	667,938
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551

Schedule of Condensed Supplemental Consolidating Statements Of Operations

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedSeptember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	174,789		$	117,765		$	70,409		$	(45,659	)	$	317,304
Cost of Goods Sold	153,466			106,804			55,277			(45,659		)	269,888
Restructuring Charges	1,870			228			1,487			—			3,585
Gross Profit	19,453			10,733			13,645			—			43,831
Engineering, Selling, General and Administrative Expenses	37,508			17,598			13,656			—			68,762
Equity in Income from Subsidiaries	5,553			—			—			(5,553		)	—
Income (Loss) from Operations	(23,608		)	(6,865		)	(11		)	5,553			(24,931		)
Interest Expense	(4,494		)	—			(16		)	—			(4,510		)
Other Income, Net	2,192			90			(189		)	—			2,093
Income (Loss) before Income Taxes	(25,910		)	(6,775		)	(216		)	5,553			(27,348		)
Provision (Credit) for Income Taxes	(6,561		)	(2,504		)	1,066			—			(7,999		)
Net Income (Loss)	$	(19,349	)	$	(4,271	)	$	(1,282	)	$	5,553		$	(19,349	)
Comprehensive Income (Loss)	$	(15,027	)	$	(7,119	)	$	177		$	6,942		$	(15,027	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedSeptember 30, 2012

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	151,563		$	145,117		$	71,966		$	(59,626	)	$	309,020
Cost of Goods Sold	131,959			129,711			57,980			(59,626		)	260,024
Restructuring Charges	1,079			4,035			12			—			5,126
Gross Profit	18,525			11,371			13,974			—			43,870
Engineering, Selling, General and Administrative Expenses	38,442			18,070			9,176			—			65,688
Equity in Income from Subsidiaries	342			—			—			(342		)	—
Income (Loss) from Operations	(20,259		)	(6,699		)	4,798			342			(21,818		)
Interest Expense	(4,443		)	(2		)	(41		)	—			(4,486		)
Other Income, Net	1,041			93			271			—			1,405
Income (Loss) before Income Taxes	(23,661		)	(6,608		)	5,028			342			(24,899		)
Provision (Credit) for Income Taxes	(7,134		)	(2,448		)	1,210			—			(8,372		)
Net Income (Loss)	$	(16,527	)	$	(4,160	)	$	3,818		$	342		$	(16,527	)
Comprehensive Income (Loss)	$	(4,572	)	$	(4,718	)	$	7,144		$	(2,426	)	$	(4,572	)

Schedule of Condensed Supplemental Consolidating Statements Of Cash Flows

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months EndedSeptember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(58,591	)	$	(8,847	)	$	14,577		$	—	$	(52,861	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(10,498		)	(694		)	(458		)	—		(11,650		)
Proceeds Received from Disposition of Plant and Equipment	26			2			—			—		28
Cash Investment in Subsidiary	1,570			—			(1,570		)	—		—
Net Cash Provided by (Used in) Investing Activities	(8,902		)	(692		)	(2,028		)	—		(11,622		)
Cash Flows from Financing Activities:
Repayments on Short-Term Debt	—			—			(300		)	—		(300		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(9,818		)	9,818			—			—		—
Treasury Stock Purchases	(9,696		)	—			—			—		(9,696		)
Stock Option Exercise Proceeds and Tax Benefits	994			—			—			—		994
Net Cash Provided by (Used in) Financing Activities	(18,520		)	9,818			(300		)	—		(9,002		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			216			—		216
Net Increase (Decrease) in Cash and Cash Equivalents	(86,013		)	279			12,465			—		(73,269		)
Cash and Cash Equivalents, Beginning	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, Ending	$	76,615		$	1,554		$	37,007		$	—	$	115,176

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months EndedSeptember 30, 2012

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(39,912	)	$	(3,489	)	$	2,041		$	—	$	(41,360	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(6,214		)	(910		)	(747		)	—		(7,871		)
Proceeds Received from Disposition of Plant and Equipment	—			4,651			969			—		5,620
Cash Investment in Subsidiary	1,140			—			(1,140		)	—		—
Net Cash Provided by (Used in) Investing Activities	(5,074		)	3,741			(918		)	—		(2,251		)
Cash Flows from Financing Activities:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	5,000			(5,000		)	—			—		—
Treasury Stock Purchases	(12,886		)	—			—			—		(12,886		)
Stock Option Exercise Proceeds and Tax Benefits	1,534			—			—			—		1,534
Net Cash Used in Financing Activities	(6,352		)	(5,000		)	—			—		(11,352		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			513			—		513
Net Increase (Decrease) in Cash and Cash Equivalents	(51,338		)	(4,748		)	1,636			—		(54,450		)
Cash and Cash Equivalents, Beginning	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, Ending	$	81,770		$	627		$	19,228		$	—	$	101,625

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Restructuring Actions Restructuring Reserve Rollforward (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013		Sep. 30, 2012
Restructuring Cost and Reserve [Line Items]
Provisions	$ 3,585		$ 5,126
Engines [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 30, 2013	2,674
Provisions	1,765		1,091
Cash Expenditures	(1,628)
Other Adjustments	(231)
Reserve Balance at September 29, 2013	2,580
Products [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 30, 2013	139
Provisions	1,820		4,035
Cash Expenditures	(416)
Other Adjustments	(1,540)
Reserve Balance at September 29, 2013	3
Termination Benefits [Member] | Engines [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 30, 2013	99
Provisions	0
Cash Expenditures	(94)
Other Adjustments	0
Reserve Balance at September 29, 2013	5
Termination Benefits [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 30, 2013	94
Provisions	0
Cash Expenditures	(91)
Other Adjustments	0
Reserve Balance at September 29, 2013	3
Other Restructuring Costs [Member] | Engines [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 30, 2013	2,575
Provisions	1,765
Cash Expenditures	(1,534)
Other Adjustments	(231)	[1]
Reserve Balance at September 29, 2013	2,575
Other Restructuring Costs [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 30, 2013	45
Provisions	1,820
Cash Expenditures	(325)
Other Adjustments	(1,540)	[2]
Reserve Balance at September 29, 2013	0
Restructuring Accelerated Depreciation [Member] | Other Restructuring Costs [Member] | Engines [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments	200	[1]
Restructuring Asset Impairments [Member] | Other Restructuring Costs [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments	$ 1,500	[2]

[1] Other adjustments includes $0.2 million of accelerated depreciation.

[2] Other adjustments includes $1.5 million of asset impairments.

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Segment Information Restructuring Charges Impact on Gross Profit by Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Cost Of Goods Sold Restructuring Charges	$ 3,585	$ 5,126
Engines [Member]
Cost Of Goods Sold Restructuring Charges	1,765	1,091
Products [Member]
Cost Of Goods Sold Restructuring Charges	$ 1,820	$ 4,035

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Warranty (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Warranty Accrual, Beginning Balance	$ 45,037	$ 46,013
Payments	(8,330)	(7,599)
Provision for Current Year Warranties	5,381	5,774
Changes in Estimates	42	2
Warranty Accrual, Ending Balance	$ 42,130	$ 44,190

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Derivative Instruments and Hedging Activities Notional Amounts (Details) In Thousands, unless otherwise specified	Sep. 29, 2013 Interest Rate Contract [Member] USD ($)	Jun. 30, 2013 Interest Rate Contract [Member] USD ($)	Sep. 29, 2013 Australian Dollar, Sell [Member] AUD	Jun. 30, 2013 Australian Dollar, Sell [Member] AUD	Sep. 29, 2013 Euro, Sell [Member] EUR (€)	Jun. 30, 2013 Euro, Sell [Member] EUR (€)	Sep. 29, 2013 Japanese Yen, Buy [Member] JPY (¥)	Jun. 30, 2013 Japanese Yen, Buy [Member] JPY (¥)	Sep. 29, 2013 Mexican Peso, Sell [Member] MXN	Jun. 30, 2013 Mexican Peso, Sell [Member] MXN	Sep. 29, 2013 Aluminum [Member] t	Jun. 30, 2013 Aluminum [Member] t	Sep. 29, 2013 Natural Gas [Member] Btu	Jun. 30, 2013 Natural Gas [Member] Btu
Derivative [Line Items]
Derivative, Notional Amount	$ 95,000	$ 95,000	19,632	6,392	€ 34,250	€ 31,000	¥ 745,000	¥ 905,000	3,345	3,345
Nonmonetary Notional Amount Derivatives (in ones)											13,000	18,000	3,983,000	5,423,000

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Consolidated Condensed Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Sep. 29, 2013	Jun. 30, 2013
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	10,183	9,901

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Stock Incentives

3 Months Ended

Sep. 29, 2013

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 $3.0 million for the three months ended September 29, 2013. For the three months ended September 30, 2012, stock based compensation expense was $2.5 million.

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Consolidated Condensed Statements of Comprehensive Loss (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Net Loss	$ (19,349)	$ (16,527)
Cumulative Translation Adjustments	253	4,775
Unrealized Gain (Loss) on Derivative Instruments, Net of Tax	(281)	1,055
Unrecognized Pension & Postretirement Obligation, Net of Tax	4,350	6,125
Total Comprehensive Loss	$ (15,027)	$ (4,572)

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Separate Financial Information Of Subsidiary Guarantor Of Indebtedness (Schedule Of Outstanding Amounts Related To Guaranteed Debt) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013 Senior Notes [Member]	Jun. 30, 2013 Senior Notes [Member]	Dec. 15, 2010 Senior Notes [Member]	Oct. 21, 2013 Multicurrency Credit Agreement [Member]	Sep. 29, 2013 Multicurrency Credit Agreement [Member]	Jun. 30, 2013 Multicurrency Credit Agreement [Member]
Senior Notes	$ 225,000	$ 225,000	$ 225,000
Long-Term Debt Maximum Guarantee	225,000
Line of Credit Facility, Amount Outstanding					0	0
Line of Credit Facility, Maximum Borrowing Capacity				$ 500,000	$ 500,000

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Consolidated Condensed Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Jun. 30, 2013
CURRENT ASSETS:
Cash and Cash Equivalents	$ 115,176	$ 188,445
Accounts Receivable, Net	171,103	190,800
Inventories:
Finished Products and Parts	356,319	306,104
Work in Process	107,071	96,751
Raw Materials	5,234	5,240
Total Inventories	468,624	408,095
Deferred Income Tax Asset	47,520	47,534
Prepaid Expenses and Other Current Assets	37,189	24,107
Total Current Assets	839,612	858,981
OTHER ASSETS:
Goodwill	147,218	147,352
Investments	19,220	19,764
Debt Issuance Costs	4,464	4,710
Other Intangible Assets, Net	87,000	87,980
Long-Term Deferred Income Tax Asset	26,788	27,544
Other Long-Term Assets, Net	13,883	14,025
Total Other Assets	298,573	301,375
PLANT AND EQUIPMENT:
Cost	1,026,960	1,019,355
Less - Accumulated Depreciation	741,352	732,160
Total Plant and Equipment, Net	285,608	287,195
TOTAL ASSETS	1,423,793	1,447,551
CURRENT LIABILITIES:
Accounts Payable	146,296	143,189
Short-Term Debt	0	300
Accrued Liabilities	139,921	131,266
Total Current Liabilities	286,217	274,755
OTHER LIABILITIES:
Accrued Pension Cost	146,138	150,131
Accrued Employee Benefits	23,520	23,458
Accrued Postretirement Health Care Obligation	69,687	72,695
Other Long-Term Liabilities	32,809	33,574
Long-Term Debt	225,000	225,000
Total Other Liabilities	497,154	504,858
SHAREHOLDERS' INVESTMENT:
Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares	579	579
Additional Paid-In Capital	75,079	77,004
Retained Earnings	1,017,824	1,042,917
Accumulated Other Comprehensive Loss	(220,606)	(224,928)
Treasury Stock at cost, 10,183 Shares and 9,901 Shares, respectively	(232,454)	(227,634)
Total Shareholders' Investment	640,422	667,938
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ 1,423,793	$ 1,447,551

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Income Taxes Effective Tax Rate (Details)	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Income Tax Contingency [Line Items]
Effective Income Tax Rate	29.30%	33.60%

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Warranty (Tables)

3 Months Ended

Sep. 29, 2013

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 29, 2013			September 30, 2012
Beginning Balance	$	45,037		$	46,013
Payments	(8,330		)	(7,599		)
Provision for Current Year Warranties	5,381			5,774
Changes in Estimates	42			2
Ending Balance	$	42,130		$	44,190

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Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Sep. 29, 2013

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 29, 2013
	Cumulative Translation Adjustments		Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,886	$	(3,673	)	$	(233,141	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	253		(2,710		)	—			(2,457		)
Income Tax Benefit	—		1,038			—			1,038
Net Other Comprehensive Income (Loss) Before Reclassifications	253		(1,672		)	—			(1,419		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—		462			—			462
Realized (Gains) Losses - Commodity Contracts (1)	—		1,498			—			1,498
Realized (Gains) Losses - Interest Rate Swaps (1)	—		295			—			295
Amortization of Prior Service Costs (Credits) (2)	—		—			(679		)	(679		)
Amortization of Actuarial Losses (2)	—		—			7,729			7,729
Total Reclassifications Before Tax	—		2,255			7,050			9,305
Income Tax Expense (Benefit)	—		(864		)	(2,700		)	(3,564		)
Net Reclassifications	—		1,391			4,350			5,741
Other Comprehensive Income (Loss)	253		(281		)	4,350			4,322
Ending Balance	$	12,139	$	(3,954	)	$	(228,791	)	$	(220,606	)

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Derivative Instruments and Hedging Activities Narrative (Details) (USD $)	3 Months Ended			3 Months Ended
	Sep. 29, 2013	Sep. 29, 2013 Interest Rate Swap [Member]	Jun. 30, 2013 Interest Rate Swap [Member]	Sep. 29, 2013 Minimum [Member] Interest Rate Swap [Member]	Sep. 29, 2013 Maximum [Member] Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Lower Fixed Interest Rate Range		1.17%
Derivative, Higher Fixed Interest Rate Range		1.60%
Derivative, Notional Amount		$ 95,000,000	$ 95,000,000
Derivative, Maturity Date				Jul. 01, 2017	May 18, 2019
Net Cash Flow Hedge Losses to be Reclassified into Earnings within Twelve Months	$ 5,000,000

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Segment Information Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Net Sales	$ 317,304	$ 309,020
Gross Profit	43,831	43,870
Income (Loss) from Operations	(24,931)	(21,818)
Revenue from External Customers Attributed to Foreign Countries	118,815	126,497
Engines [Member]
Net Sales	183,787	164,515
Gross Profit	25,236	24,712
Income (Loss) from Operations	(18,086)	(17,504)
Products [Member]
Net Sales	153,037	173,297
Gross Profit	17,825	18,716
Income (Loss) from Operations	(7,615)	(4,756)
Elimination [Member]
Net Sales	(19,520)	(28,792)
Gross Profit	770	442
Income (Loss) from Operations	$ 770	$ 442

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Earnings (Loss) Per Share Antidilutive Shares Information (Details) (USD $)	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Potential Other Incremental Common Shares Excluded [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	975,316	1,024,000
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,348,000	3,505,000
Weighted Average Exercise Prices Of Antidilutive Securities Excluded From Computation Of Earnings Per Share	$ 31.88	$ 26.19

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Restructuring Actions Positions Eliminated (Details)	12 Months Ended
	Jun. 30, 2013 Employees
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	1,250
Global Salaried Employees [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated, Period Percent	10.00%

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Restructuring Actions Narrative (Details) (USD $)	3 Months Ended
	Sep. 29, 2013	Dec. 30, 2012	Sep. 30, 2012
Restructuring Cost and Reserve [Line Items]
Net Curtailment Loss		$ 1,900,000
Restructuring Charges	3,585,000		5,126,000
After Tax Restructuring Charges	2,900,000
Restructuring Charge Per Diluted Share	$ 0.06
Engines [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,765,000		1,091,000
Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 1,820,000		$ 4,035,000

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Pension and Postretirement Benefits

3 Months Ended

Sep. 29, 2013

Compensation and Retirement Disclosure [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 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Components of Net Periodic Expense:
Service Cost	$	1,938		$	3,837		$	89		$	97
Interest Cost on Projected Benefit Obligation	13,452			13,326			1,149			1,200
Expected Return on Plan Assets	(18,566		)	(19,211		)	—			—
Amortization of:
Transition Obligation	—			2			—			—
Prior Service Cost (Credit)	45			225			(724		)	(897		)
Actuarial Loss	6,270			8,822			1,459			1,890
Net Periodic Expense	$	3,139		$	7,001		$	1,973		$	2,290

In October 2012, the Board of Directors of the Company authorized an amendment to the Company's defined benefit retirement plans for U.S., non-bargaining employees. The amendment freezes accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in the second quarter of fiscal 2013 related to the defined benefit plan change.

The Company expects to make benefit payments of $3.2 million attributable to its non-qualified pension plans during fiscal 2014. During the first three months of fiscal 2014, the Company made payments of approximately $0.7 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $16.3 million for its other postretirement benefit plans during fiscal 2014. During the first three months of fiscal 2014, the Company made payments of $4.7 million for its other postretirement benefit plans.

On July 6, 2012, the Moving Ahead for Progress in the 21st Century Act (MAP-21 Act) was signed into law. The MAP-21 Act included certain pension-related provisions which included changes to the methodology used to determine discount rates for ERISA funding purposes for qualified defined benefit pension plans. Based on historical interest rates, the MAP-21 Act allows plan sponsors to utilize a higher discount rate to value pension liabilities, which results in lower required pension plan contributions under ERISA. During the first three months of fiscal 2014, 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 during the remainder of fiscal 2014 or 2015. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.

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Segment Information (Tables)

3 Months Ended

Sep. 29, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized segment data is as follows (in thousands):

	Three Months Ended
	September 29, 2013			September 30, 2012
NET SALES:
Engines	$	183,787		$	164,515
Products	153,037			173,297
Inter-Segment Eliminations	(19,520		)	(28,792		)
Total *	$	317,304		$	309,020
* International sales included in net sales based on product shipment destination	$	118,815		$	126,497
GROSS PROFIT:
Engines	$	25,236		$	24,712
Products	17,825			18,716
Inter-Segment Eliminations	770			442
Total	$	43,831		$	43,870
INCOME (LOSS) FROM OPERATIONS:
Engines	$	(18,086	)	$	(17,504	)
Products	(7,615		)	(4,756		)
Inter-Segment Eliminations	770			442
Total	$	(24,931	)	$	(21,818	)

Restructuring Charges Impact on Gross Profit by Segment

Pre-tax restructuring charges included in gross profit were as follows (in thousands):

	Three Months Ended
	September 29, 2013		September 30, 2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	1,765	$	1,091
Products	1,820		4,035
Total	$	3,585	$	5,126

Restructuring Charges Impact on Operating Income Loss by Segment

Pre-tax restructuring charges included in loss from operations were as follows (in thousands):

	Three Months Ended
	September 29, 2013		September 30, 2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN LOSS FROM OPERATIONS:
Engines	$	1,765	$	1,091
Products	1,820		4,035
Total	$	3,585	$	5,126

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Pension and Postretirement Benefits Pension and Postretirement Benefits (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 29, 2013	Dec. 30, 2012	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Net Curtailment Loss		$ 1,900,000
Cash Contributions to Pension Plans	0		5,466,000
Non-Qualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	3,200,000
Defined Benefit Plan, Benefits Paid	700,000
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	16,300,000
Other Postretirement Benefits Payments	4,700,000
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 0

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Fair Value Measurements

3 Months Ended

Sep. 29, 2013

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 29, 2013 and June 30, 2013 (in thousands):

			Fair Value Measurements Using
	September 29, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	715	$	—	$	715	$	—
Liabilities:
Derivatives	$	5,513	$	—	$	5,513	$	—
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	2,009	$	—	$	2,009	$	—
Liabilities:
Derivatives	$	5,413	$	—	$	5,413	$	—

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 29, 2013 and June 30, 2013 was $245.3 million and $250.9 million, respectively, compared to the carrying value of $225.0 million on each date. 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) and short-term debt 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 29, 2013 and June 30, 2013 due to the short-term nature of these instruments.

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Earnings (Loss) Per Share

3 Months Ended

Sep. 29, 2013

Earnings Per Share [Abstract]

Earnings (Loss) 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 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 29, 2013			September 30, 2012
Net Loss	$	(19,349	)	$	(16,527	)
Less: Earnings Allocated to Participating Securities	(151		)	(96		)
Net Loss Available to Common Shareholders	$	(19,500	)	$	(16,623	)
Average Shares of Common Stock Outstanding	46,997			47,133
Diluted Average Shares Outstanding	46,997			47,133
Basic Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)
Diluted Earnings (Loss) Per Share	$	(0.41	)	$	(0.35	)

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. As a result of the Company incurring a loss for the three months ended September 29, 2013 and September 30, 2012, potential incremental common shares of 975,316 and 1,024,000, respectively, were excluded from the calculation of diluted EPS for each period because the effect would have been anti-dilutive. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings (loss) per share as the exercise prices were greater than the average market price of the common shares:

	Three Months Ended
	September 29, 2013		September 30, 2012
Options to Purchase Shares of Common Stock (in thousands)	1,348		3,505
Weighted Average Exercise Price of Options Excluded	$	31.88	$	26.19

On August 8, 2012, the Board of Directors of the Company authorized up to $50 million in funds associated with the common share repurchase program with an expiration date of June 30, 2014. 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 loan covenants. During the three months ended September 29, 2013, the Company repurchased 482,926 shares on the open market at an average price of $20.08 per share, as compared to 726,745 shares purchased on the open market at an average price of $17.73 per share during the three months ended September 30, 2012.

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General Information

3 Months Ended

Sep. 29, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General Information

General Information

The accompanying unaudited consolidated condensed 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 consolidated condensed 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 Briggs & Stratton Corporation (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 consolidated condensed 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.

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Unrecognized Tax Benefits (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 29, 2013
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Period Increase	$ 0.1
Unrecognized Tax Benefits, Period Increase, Current Effective Tax Rate Impact [Member]
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Period Increase	$ 0.1

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Derivative Instruments and Hedging Activities Effect of Derivatives on Consolidated Statements of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (281)	$ 1,055
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2,255)	(471)
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	(250)	(453)
Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(948)	(933)
Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	39	(11)
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	878	2,452
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	(295)	0
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	5	578
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	(467)	128
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	(1,498)	(1,177)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0

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Accumulated Other Comprehensive Income (Loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ (224,928)
Other Comprehensive Income (Loss), Before Reclassifications	(2,457)
Income Tax Benefit	1,038
Net Other Comprehensive Income (Loss) Before Reclassifications	(1,419)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	9,305
Income Tax Expense (Benefit)	(3,564)
Net Reclassifications	5,741
Other Comprehensive Income (Loss)	4,322
Ending Balance	(220,606)
Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(679)
Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	7,729
Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	462
Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	1,498
Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	295
Accumulated Translation Adjustment [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	11,886
Other Comprehensive Income (Loss), Before Reclassifications	253
Income Tax Benefit	0
Net Other Comprehensive Income (Loss) Before Reclassifications	253
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0
Income Tax Expense (Benefit)	0
Net Reclassifications	0
Other Comprehensive Income (Loss)	253
Ending Balance	12,139
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
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
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
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
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
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(3,673)
Other Comprehensive Income (Loss), Before Reclassifications	(2,710)
Income Tax Benefit	1,038
Net Other Comprehensive Income (Loss) Before Reclassifications	(1,672)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	2,255
Income Tax Expense (Benefit)	(864)
Net Reclassifications	1,391
Other Comprehensive Income (Loss)	(281)
Ending Balance	(3,954)
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
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
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	462
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	1,498
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	295
Accumulated Defined Benefit Plans Adjustment [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(233,141)
Other Comprehensive Income (Loss), Before Reclassifications	0
Income Tax Benefit	0
Net Other Comprehensive Income (Loss) Before Reclassifications	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	7,050
Income Tax Expense (Benefit)	(2,700)
Net Reclassifications	4,350
Other Comprehensive Income (Loss)	4,350
Ending Balance	(228,791)
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	(679)
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	7,729
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
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
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

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Separate Financial Information Of Subsidiary Guarantor of Indebtedness (Schedule Of Consolidating Balance Sheets) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Jun. 30, 2013	Sep. 30, 2012	Jul. 01, 2012
CURRENT ASSETS:
Cash and Cash Equivalents	$ 115,176	$ 188,445	$ 101,625	$ 156,075
Accounts Receivable, Net	171,103	190,800
Intercompany Accounts Receivable	0	0
Inventories, Net	468,624	408,095
Deferred Income Tax Asset	47,520	47,534
Prepaid Expenses and Other Current Assets	37,189	24,107
Total Current Assets	839,612	858,981
OTHER ASSETS:
Goodwill	147,218	147,352
Investments	19,220	19,764
Investment in Subsidiaries	0	0
Intercompany Note Receivable	0	0
Debt Issuance Costs	4,464	4,710
Other Intangible Assets, Net	87,000	87,980
Long-Term Deferred Income Tax Asset	26,788	27,544
Other Long-Term Assets, Net	13,883	14,025
Total Other Assets	298,573	301,375
Property, Plant and Equipment, Net	285,608	287,195
TOTAL ASSETS	1,423,793	1,447,551
CURRENT LIABILITIES:
Accounts Payable	146,296	143,189
Intercompany Accounts Payable	0	0
Short-term Debt	0	300
Accrued Liabilities	139,921	131,266
Total Current Liabilities	286,217	274,755
OTHER LIABILITIES:
Accrued Pension Cost	146,138	150,131
Accrued Employee Benefits	23,520	23,458
Accrued Postretirement Health Care Obligation	69,687	72,695
Intercompany Note Payable	0	0
Deferred Income Tax Liabilities	0	0
Other Long-Term Liabilities	32,809	33,574
Long-Term Debt	225,000	225,000
Total Other Liabilities	497,154	504,858
Total Shareholders' Investment	640,422	667,938
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	1,423,793	1,447,551
Briggs & Stratton Corporation [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	76,615	162,628	81,770	133,108
Accounts Receivable, Net	61,467	80,017
Intercompany Accounts Receivable	15,846	11,987
Inventories, Net	213,213	165,600
Deferred Income Tax Asset	31,839	32,543
Prepaid Expenses and Other Current Assets	23,060	15,194
Total Current Assets	422,040	467,969
OTHER ASSETS:
Goodwill	128,300	128,300
Investments	19,220	19,764
Investment in Subsidiaries	483,489	520,604
Intercompany Note Receivable	54,448	45,747
Debt Issuance Costs	4,464	4,710
Other Intangible Assets, Net	0	0
Long-Term Deferred Income Tax Asset	48,080	48,694
Other Long-Term Assets, Net	9,862	9,810
Total Other Assets	747,863	777,629
Property, Plant and Equipment, Net	224,607	224,002
TOTAL ASSETS	1,394,510	1,469,600
CURRENT LIABILITIES:
Accounts Payable	96,067	91,965
Intercompany Accounts Payable	27,104	38,078
Short-term Debt	0	0
Accrued Liabilities	87,666	111,146
Total Current Liabilities	210,837	241,189
OTHER LIABILITIES:
Accrued Pension Cost	145,646	149,614
Accrued Employee Benefits	23,520	23,458
Accrued Postretirement Health Care Obligation	54,547	57,298
Intercompany Note Payable	74,273	85,095
Deferred Income Tax Liabilities	0	0
Other Long-Term Liabilities	20,265	20,008
Long-Term Debt	225,000	225,000
Total Other Liabilities	543,251	560,473
Total Shareholders' Investment	640,422	667,938
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	1,394,510	1,469,600
Guarantor Subsidiary [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	1,554	1,275	627	5,375
Accounts Receivable, Net	69,089	80,531
Intercompany Accounts Receivable	4,380	5,971
Inventories, Net	181,372	175,523
Deferred Income Tax Asset	14,603	13,923
Prepaid Expenses and Other Current Assets	3,089	1,967
Total Current Assets	274,087	279,190
OTHER ASSETS:
Goodwill	0	0
Investments	0	0
Investment in Subsidiaries	0	0
Intercompany Note Receivable	72,029	81,844
Debt Issuance Costs	0	0
Other Intangible Assets, Net	62,312	62,612
Long-Term Deferred Income Tax Asset	0	0
Other Long-Term Assets, Net	2,765	2,957
Total Other Assets	137,106	147,413
Property, Plant and Equipment, Net	43,910	45,475
TOTAL ASSETS	455,103	472,078
CURRENT LIABILITIES:
Accounts Payable	29,928	37,112
Intercompany Accounts Payable	5,530	5,197
Short-term Debt	0	0
Accrued Liabilities	33,001	7,452
Total Current Liabilities	68,459	49,761
OTHER LIABILITIES:
Accrued Pension Cost	461	472
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	15,140	15,397
Intercompany Note Payable	0	0
Deferred Income Tax Liabilities	21,917	21,233
Other Long-Term Liabilities	11,548	12,541
Long-Term Debt	0	0
Total Other Liabilities	49,066	49,643
Total Shareholders' Investment	337,578	372,674
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	455,103	472,078
Non-Guarantor Subsidiaries [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	37,007	24,542	19,228	17,592
Accounts Receivable, Net	40,547	30,252
Intercompany Accounts Receivable	34,893	46,366
Inventories, Net	74,039	66,972
Deferred Income Tax Asset	1,078	1,068
Prepaid Expenses and Other Current Assets	11,040	6,946
Total Current Assets	198,604	176,146
OTHER ASSETS:
Goodwill	18,918	19,052
Investments	0	0
Investment in Subsidiaries	0	0
Intercompany Note Receivable	12,985	14,486
Debt Issuance Costs	0	0
Other Intangible Assets, Net	24,688	25,368
Long-Term Deferred Income Tax Asset	625	83
Other Long-Term Assets, Net	1,256	1,258
Total Other Assets	58,472	60,247
Property, Plant and Equipment, Net	17,091	17,718
TOTAL ASSETS	274,167	254,111
CURRENT LIABILITIES:
Accounts Payable	20,301	14,112
Intercompany Accounts Payable	22,485	21,049
Short-term Debt	0	300
Accrued Liabilities	19,254	12,668
Total Current Liabilities	62,040	48,129
OTHER LIABILITIES:
Accrued Pension Cost	31	45
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	0	0
Intercompany Note Payable	65,189	56,982
Deferred Income Tax Liabilities	0	0
Other Long-Term Liabilities	996	1,025
Long-Term Debt	0	0
Total Other Liabilities	66,216	58,052
Total Shareholders' Investment	145,911	147,930
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	274,167	254,111
Eliminations [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	0	0	0	0
Accounts Receivable, Net	0	0
Intercompany Accounts Receivable	(55,119)	(64,324)
Inventories, Net	0	0
Deferred Income Tax Asset	0	0
Prepaid Expenses and Other Current Assets	0	0
Total Current Assets	(55,119)	(64,324)
OTHER ASSETS:
Goodwill	0	0
Investments	0	0
Investment in Subsidiaries	(483,489)	(520,604)
Intercompany Note Receivable	(139,462)	(142,077)
Debt Issuance Costs	0	0
Other Intangible Assets, Net	0	0
Long-Term Deferred Income Tax Asset	(21,917)	(21,233)
Other Long-Term Assets, Net	0	0
Total Other Assets	(644,868)	(683,914)
Property, Plant and Equipment, Net	0	0
TOTAL ASSETS	(699,987)	(748,238)
CURRENT LIABILITIES:
Accounts Payable	0	0
Intercompany Accounts Payable	(55,119)	(64,324)
Short-term Debt	0	0
Accrued Liabilities	0	0
Total Current Liabilities	(55,119)	(64,324)
OTHER LIABILITIES:
Accrued Pension Cost	0	0
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	0	0
Intercompany Note Payable	(139,462)	(142,077)
Deferred Income Tax Liabilities	(21,917)	(21,233)
Other Long-Term Liabilities	0	0
Long-Term Debt	0	0
Total Other Liabilities	(161,379)	(163,310)
Total Shareholders' Investment	(483,489)	(520,604)
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ (699,987)	$ (748,238)

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Commitments And Contingencies

3 Months Ended

Sep. 29, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Briggs & Stratton 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 March 19, 2010, plaintiffs filed a complaint in the Ontario Superior Court of Justice in Canada (Robert Foster et al. v. Sears Canada, Inc. et al., Court File No. 766-2010) against the Company and other engine and lawnmower manufacturers alleging that the horsepower labels on the products they purchased were inaccurate and that the Company conspired with other engine and lawnmower manufacturers to conceal the true horsepower of these engines. On May 3, 2010, other plaintiffs filed a complaint in the Montreal Superior Court in Canada (Eric Liverman, et al. v. Deere & Company, et al., Court File No. 500-06-000507-109). Both proceedings are based on various theories of Canadian law and seek unspecified damages.

On June 27, 2013, the Company entered into a Canadian Lawnmower Class Action National Settlement Agreement (“Settlement”) that, if given final court approval, would resolve all horsepower claims brought by all persons in Canada who purchased lawn mowers in Canada during the class period (defined as January 1, 1994 through December 31, 2012), except certain specified persons. Other parties to the Settlement are Electrolux Canada Corp., Electrolux Home Products Inc., John Deere Limited, Deere & Company, Husqvarna Canada Corp., Husqvarna Consumer Outdoor Products N.A., Inc., Kohler Canada Co. Kohler Co., The Toro Company (Canada), Inc. and The Toro Company (collectively with the Company referred to below as the “Settling Defendants”).

As part of the Settlement, the Company denies any and all liability and seeks resolution to avoid further protracted and expensive litigation, and the Settling Defendants as a group agree to pay an aggregate amount of CDN $4.2 million. The monetary contribution of each of the Settling Defendants is confidential. As a result of the Settlement, the Company recorded a total charge of US $1.9 million in the fourth quarter of fiscal year 2013. The amount has been included as a Litigation Settlement expense on the Statement of Operations for the fiscal year ended June 30, 2013.

On September 23, 2013, the Ontario Court issued an order approving the Settlement. Subsequently, on September 25, 2013, the Quebec Court issued its own order approving the Settlement. The 30-day period for appealing each case expired without any appeals being filed. Accordingly, the Settlement is now final, all payments required by the Settlement were made subsequent to the end of the Company’s first fiscal quarter, and the involvement of the Settling Defendants in the proceedings has been terminated.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various changes to the Company-sponsored retiree medical plans. The purpose of the amendments was to better align the plans offered to both hourly and salaried retirees. On August 16, 2010, a putative class of retirees who retired prior to August 1, 2006 and the United Steel Workers filed a complaint in the U.S. District Court for the Eastern District of Wisconsin (Merrill, Weber, Carpenter, et al; United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO/CLC v. Briggs & Stratton Corporation; Group Insurance Plan of Briggs & Stratton Corporation; and Does 1 through 20, Docket No. 10-C-0700), contesting the Company's right to make these changes. In addition to a request for class certification, the complaint seeks an injunction preventing the alleged unilateral termination or reduction in insurance coverage to the class of retirees, a permanent injunction preventing defendants from ever making changes to the retirees' insurance coverage, restitution with interest (if applicable) and attorneys' fees and costs. The Company moved to dismiss the complaint and believes the changes are within its rights. On April 21, 2011, the district court issued an order granting the Company's motion to dismiss the complaint. The plaintiffs filed a motion with the court to reconsider its order on May 17, 2011, and on August 24, 2011 the court granted the motion and vacated the dismissal of the case. The Company then filed a motion with the court to appeal its decision directly to the U.S. Court of Appeals for the Seventh Circuit, but the court denied this motion on February 29, 2012. On October 9, 2012 the court granted the parties’ unopposed motion for class certification. Discovery is underway in the case.

Although it is not possible to predict with certainty the outcome of these 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.

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Derivative Instruments and Hedging Activities

3 Months Ended

Sep. 29, 2013

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 hedges 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 on the Consolidated Condensed Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on the derivative 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 a third party financing source, exclusive of lender spreads, ranging from 1.17% to1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 through May 2019.

The Company enters into forward foreign currency contracts to hedge the risk from forecasted third party and intercompany sales or payments denominated in foreign currencies. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros, Japanese Yen, Australian Dollars, or Mexican Pesos. 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 and aluminum. These contracts generally do not have a maturity of more than twenty-four months.

The Company has considered the counterparty credit risk related to all its interest rate, foreign currency and commodity derivative contracts and deems any risk of counterparty default to be minimal.

The notional amount of derivative contracts outstanding at the end of the period is indicative of the level of the Company’s derivative activity during the period. As of September 29, 2013 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		September 29, 2013	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	19,632	6,392
Euro	Sell	34,250	31,000
Japanese Yen	Buy	745,000	905,000
Mexican Peso	Sell	3,345	3,345
Commodity:
Aluminum (Metric Tons)	Buy	13	18
Natural Gas (Therms)	Buy	3,983	5,423

The location and fair value of derivative instruments reported in the Consolidated Condensed Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	September 29, 2013			June 30, 2013
Interest rate contracts
Other Long-Term Assets	$	161		$	257
Other Long-Term Liabilities	(1,322		)	(1,020		)
Foreign currency contracts
Other Current Assets	554			1,752
Accrued Liabilities	(1,398		)	(1,138		)
Commodity contracts
Accrued Liabilities	(2,791		)	(3,250		)
Other Long-Term Liabilities	(2		)	(5		)
	$	(4,798	)	$	(3,404	)

The effect of derivative instruments on the Consolidated Condensed Statements of Operations is as follows (in thousands):

	Three months ended September 29, 2013
	Recognized in Earnings
	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	$	(250	)	Net Sales	$	(295	)	$	—
Foreign currency contracts - sell	(948		)	Net Sales	5			—
Foreign currency contracts - buy	39			Cost of Goods Sold	(467		)	—
Commodity contracts	878			Cost of Goods Sold	(1,498		)	—
	$	(281	)		$	(2,255	)	$	—

	Three months ended September 30, 2012
	Recognized in Earnings
	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	$	(453	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	(933		)	Net Sales	578			—
Foreign currency contracts - buy	(11		)	Cost of Goods Sold	128			—
Commodity contracts	2,452			Cost of Goods Sold	(1,177		)	—
	$	1,055			$	(471	)	$	—

During the next twelve months, the estimated net amount of losses on cash flow hedges as of September 29, 2013 expected to be reclassified into earnings is $5.0 million.

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Separate Financial Information Of Subsidiary Guarantor Of Indebtedness

3 Months Ended

Sep. 29, 2013

Separate Financial Information Of Subsidiary Guarantors Of Indebtedness

Separate Financial Information Of Subsidiary Guarantor Of Indebtedness

Separate Financial Information of Subsidiary Guarantor of Indebtedness

Under the terms of the Company’s Senior Notes and the Revolver (collectively, the “Domestic Indebtedness”), Briggs & Stratton Power Products Group, LLC, a 100% owned subsidiary of the Company, is the joint and several guarantor of the Domestic Indebtedness (the “Guarantor”). The guarantees are full and unconditional guarantees, except for certain customary limitations. Additionally, if at any time a domestic subsidiary of the Company constitutes a significant domestic subsidiary, then such domestic subsidiary will also become a guarantor of the Domestic Indebtedness. Currently, all of the Domestic Indebtedness is unsecured. If the Company were to fail to make a payment of interest or principal on its due date, the Guarantor is obligated to pay the outstanding Domestic Indebtedness. The Company had the following outstanding amounts related to the guaranteed debt (in thousands):

	September 29, 2013 Carrying Amount		Maximum Guarantee
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	—	$	500,000

The following condensed supplemental consolidating financial information reflects the summarized financial information of Briggs & Stratton, its Guarantors and Non-Guarantor Subsidiaries (in thousands):

CONSOLIDATING BALANCE SHEET

As of September 29, 2013

(Unaudited)

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	76,615	$	1,554	$	37,007	$	—		$	115,176
Accounts Receivable, Net	61,467		69,089		40,547		—			171,103
Intercompany Accounts Receivable	15,846		4,380		34,893		(55,119		)	—
Inventories, Net	213,213		181,372		74,039		—			468,624
Deferred Income Tax Asset	31,839		14,603		1,078		—			47,520
Prepaid Expenses and Other Current Assets	23,060		3,089		11,040		—			37,189
Total Current Assets	$	422,040	$	274,087	$	198,604	$	(55,119	)	$	839,612
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	18,918	$	—		$	147,218
Investments	19,220		—		—		—			19,220
Investments in Subsidiaries	483,489		—		—		(483,489		)	—
Intercompany Note Receivable	54,448		72,029		12,985		(139,462		)	—
Debt Issuance Costs	4,464		—		—		—			4,464
Other Intangible Assets, Net	—		62,312		24,688		—			87,000
Long-Term Deferred Income Tax Asset	48,080		—		625		(21,917		)	26,788
Other Long-Term Assets, Net	9,862		2,765		1,256		—			13,883
Total Other Assets	$	747,863	$	137,106	$	58,472	$	(644,868	)	$	298,573
PLANT AND EQUIPMENT, NET	224,607		43,910		17,091		—			285,608
TOTAL ASSETS	$	1,394,510	$	455,103	$	274,167	$	(699,987	)	$	1,423,793
CURRENT LIABILITIES:
Accounts Payable	$	96,067	$	29,928	$	20,301	$	—		$	146,296
Intercompany Accounts Payable	27,104		5,530		22,485		(55,119		)	—
Accrued Liabilities	87,666		33,001		19,254		—			139,921
Total Current Liabilities	$	210,837	$	68,459	$	62,040	$	(55,119	)	$	286,217
OTHER LIABILITIES:
Accrued Pension Cost	$	145,646	$	461	$	31	$	—		$	146,138
Accrued Employee Benefits	23,520		—		—		—			23,520
Accrued Postretirement Health Care Obligation	54,547		15,140		—		—			69,687
Intercompany Note Payable	74,273		—		65,189		(139,462		)	—
Deferred Income Tax Liabilities	—		21,917		—		(21,917		)	—
Other Long-Term Liabilities	20,265		11,548		996		—			32,809
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	543,251	$	49,066	$	66,216	$	(161,379	)	$	497,154
TOTAL SHAREHOLDERS’ INVESTMENT:	640,422		337,578		145,911		(483,489		)	640,422
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,394,510	$	455,103	$	274,167	$	(699,987	)	$	1,423,793

CONSOLIDATING BALANCE SHEET

As of June 30, 2013

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	162,628	$	1,275	$	24,542	$	—		$	188,445
Accounts Receivable, Net	80,017		80,531		30,252		—			190,800
Intercompany Accounts Receivable	11,987		5,971		46,366		(64,324		)	—
Inventories, Net	165,600		175,523		66,972		—			408,095
Deferred Income Tax Asset	32,543		13,923		1,068		—			47,534
Prepaid Expenses and Other Current Assets	15,194		1,967		6,946		—			24,107
Total Current Assets	$	467,969	$	279,190	$	176,146	$	(64,324	)	$	858,981
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	19,052	$	—		$	147,352
Investments	19,764		—		—		—			19,764
Investments in Subsidiaries	520,604		—		—		(520,604		)	—
Intercompany Note Receivable	45,747		81,844		14,486		(142,077		)	—
Debt Issuance Costs	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred Income Tax Asset	48,694		—		83		(21,233		)	27,544
Other Long-Term Assets, Net	9,810		2,957		1,258		—			14,025
Total Other Assets	$	777,629	$	147,413	$	60,247	$	(683,914	)	$	301,375
PLANT AND EQUIPMENT, NET	224,002		45,475		17,718		—			287,195
TOTAL ASSETS	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551
CURRENT LIABILITIES:
Accounts Payable	$	91,965	$	37,112	$	14,112	$	—		$	143,189
Intercompany Accounts Payable	38,078		5,197		21,049		(64,324		)	—
Short-Term Debt	—		—		300		—			300
Accrued Liabilities	111,146		7,452		12,668		—			131,266
Total Current Liabilities	$	241,189	$	49,761	$	48,129	$	(64,324	)	$	274,755
OTHER LIABILITIES:
Accrued Pension Cost	$	149,614	$	472	$	45	$	—		$	150,131
Accrued Employee Benefits	23,458		—		—		—			23,458
Accrued Postretirement Health Care Obligation	57,298		15,397		—		—			72,695
Intercompany Note Payable	85,095		—		56,982		(142,077		)	—
Deferred Income Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	20,008		12,541		1,025		—			33,574
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	560,473	$	49,643	$	58,052	$	(163,310	)	$	504,858
TOTAL SHAREHOLDERS’ INVESTMENT:	667,938		372,674		147,930		(520,604		)	667,938
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,469,600	$	472,078	$	254,111	$	(748,238	)	$	1,447,551

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedSeptember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	174,789		$	117,765		$	70,409		$	(45,659	)	$	317,304
Cost of Goods Sold	153,466			106,804			55,277			(45,659		)	269,888
Restructuring Charges	1,870			228			1,487			—			3,585
Gross Profit	19,453			10,733			13,645			—			43,831
Engineering, Selling, General and Administrative Expenses	37,508			17,598			13,656			—			68,762
Equity in Income from Subsidiaries	5,553			—			—			(5,553		)	—
Income (Loss) from Operations	(23,608		)	(6,865		)	(11		)	5,553			(24,931		)
Interest Expense	(4,494		)	—			(16		)	—			(4,510		)
Other Income, Net	2,192			90			(189		)	—			2,093
Income (Loss) before Income Taxes	(25,910		)	(6,775		)	(216		)	5,553			(27,348		)
Provision (Credit) for Income Taxes	(6,561		)	(2,504		)	1,066			—			(7,999		)
Net Income (Loss)	$	(19,349	)	$	(4,271	)	$	(1,282	)	$	5,553		$	(19,349	)
Comprehensive Income (Loss)	$	(15,027	)	$	(7,119	)	$	177		$	6,942		$	(15,027	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedSeptember 30, 2012

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	151,563		$	145,117		$	71,966		$	(59,626	)	$	309,020
Cost of Goods Sold	131,959			129,711			57,980			(59,626		)	260,024
Restructuring Charges	1,079			4,035			12			—			5,126
Gross Profit	18,525			11,371			13,974			—			43,870
Engineering, Selling, General and Administrative Expenses	38,442			18,070			9,176			—			65,688
Equity in Income from Subsidiaries	342			—			—			(342		)	—
Income (Loss) from Operations	(20,259		)	(6,699		)	4,798			342			(21,818		)
Interest Expense	(4,443		)	(2		)	(41		)	—			(4,486		)
Other Income, Net	1,041			93			271			—			1,405
Income (Loss) before Income Taxes	(23,661		)	(6,608		)	5,028			342			(24,899		)
Provision (Credit) for Income Taxes	(7,134		)	(2,448		)	1,210			—			(8,372		)
Net Income (Loss)	$	(16,527	)	$	(4,160	)	$	3,818		$	342		$	(16,527	)
Comprehensive Income (Loss)	$	(4,572	)	$	(4,718	)	$	7,144		$	(2,426	)	$	(4,572	)

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months EndedSeptember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(58,591	)	$	(8,847	)	$	14,577		$	—	$	(52,861	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(10,498		)	(694		)	(458		)	—		(11,650		)
Proceeds Received from Disposition of Plant and Equipment	26			2			—			—		28
Cash Investment in Subsidiary	1,570			—			(1,570		)	—		—
Net Cash Provided by (Used in) Investing Activities	(8,902		)	(692		)	(2,028		)	—		(11,622		)
Cash Flows from Financing Activities:
Repayments on Short-Term Debt	—			—			(300		)	—		(300		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(9,818		)	9,818			—			—		—
Treasury Stock Purchases	(9,696		)	—			—			—		(9,696		)
Stock Option Exercise Proceeds and Tax Benefits	994			—			—			—		994
Net Cash Provided by (Used in) Financing Activities	(18,520		)	9,818			(300		)	—		(9,002		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			216			—		216
Net Increase (Decrease) in Cash and Cash Equivalents	(86,013		)	279			12,465			—		(73,269		)
Cash and Cash Equivalents, Beginning	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, Ending	$	76,615		$	1,554		$	37,007		$	—	$	115,176

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months EndedSeptember 30, 2012

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(39,912	)	$	(3,489	)	$	2,041		$	—	$	(41,360	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(6,214		)	(910		)	(747		)	—		(7,871		)
Proceeds Received from Disposition of Plant and Equipment	—			4,651			969			—		5,620
Cash Investment in Subsidiary	1,140			—			(1,140		)	—		—
Net Cash Provided by (Used in) Investing Activities	(5,074		)	3,741			(918		)	—		(2,251		)
Cash Flows from Financing Activities:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	5,000			(5,000		)	—			—		—
Treasury Stock Purchases	(12,886		)	—			—			—		(12,886		)
Stock Option Exercise Proceeds and Tax Benefits	1,534			—			—			—		1,534
Net Cash Used in Financing Activities	(6,352		)	(5,000		)	—			—		(11,352		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			513			—		513
Net Increase (Decrease) in Cash and Cash Equivalents	(51,338		)	(4,748		)	1,636			—		(54,450		)
Cash and Cash Equivalents, Beginning	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, Ending	$	81,770		$	627		$	19,228		$	—	$	101,625

XML

Segment Information

3 Months Ended

Sep. 29, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates two reportable business segments that are managed separately based on fundamental differences in their operations. Summarized segment data is as follows (in thousands):

	Three Months Ended
	September 29, 2013			September 30, 2012
NET SALES:
Engines	$	183,787		$	164,515
Products	153,037			173,297
Inter-Segment Eliminations	(19,520		)	(28,792		)
Total *	$	317,304		$	309,020
* International sales included in net sales based on product shipment destination	$	118,815		$	126,497
GROSS PROFIT:
Engines	$	25,236		$	24,712
Products	17,825			18,716
Inter-Segment Eliminations	770			442
Total	$	43,831		$	43,870
INCOME (LOSS) FROM OPERATIONS:
Engines	$	(18,086	)	$	(17,504	)
Products	(7,615		)	(4,756		)
Inter-Segment Eliminations	770			442
Total	$	(24,931	)	$	(21,818	)

Pre-tax restructuring charges included in gross profit were as follows (in thousands):

	Three Months Ended
	September 29, 2013		September 30, 2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	1,765	$	1,091
Products	1,820		4,035
Total	$	3,585	$	5,126

Pre-tax restructuring charges included in loss from operations were as follows (in thousands):

	Three Months Ended
	September 29, 2013		September 30, 2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN LOSS FROM OPERATIONS:
Engines	$	1,765	$	1,091
Products	1,820		4,035
Total	$	3,585	$	5,126

XML

Document And Entity Information	3 Months Ended
	Sep. 29, 2013	Nov. 01, 2013
Document Information [Line Items]
Entity Registrant Name	BRIGGS & STRATTON CORP
Entity Central Index Key	0000014195
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 29, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		47,444,133

XML

Debt

3 Months Ended

Sep. 29, 2013

Debt Disclosure [Abstract]

Debt

Debt

The following is a summary of the Company’s long-term indebtedness (in thousands):

	September 29, 2013		June 30, 2013
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	—		—
	$	225,000	$	225,000

On December 15, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020.  

On October 13, 2011, the Company entered into a $500 million multicurrency credit agreement (the “Revolver”), which replaced the Company's prior amended and restated multicurrency credit agreement. On October 21, 2013, the Company entered into an amendment to the Revolver, which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018. The initial maximum availability under the revolving credit facility 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 September 29, 2013, there were no borrowings under the Revolver.

The Senior Notes and Revolver contain restrictive covenants. These covenants include restrictions on the Company’s ability to: pay dividends; repurchase shares; incur indebtedness; create liens; enter into sale and leaseback transactions; consolidate or merge with other entities; sell or lease all or substantially all of its assets; and dispose of assets or use proceeds from sales of its assets. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose a maximum average leverage ratio. As of September 29, 2013, the Company was in compliance with these covenants.

XML

Separate Financial Information Of Subsidiary Guarantor of Indebtedness (Schedule Of Consolidating Statement Of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Net Cash Provided by (Used in) Operating Activities	$ (52,861)	$ (41,360)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(11,650)	(7,871)
Proceeds Received on Disposition of Plant and Equipment	28	5,620
Cash Investment In Subsidiary	0	0
Net Cash Provided by (Used in) Investing Activities	(11,622)	(2,251)
Cash flows from Financing Activities:
Repayments of Short-Term Debt	(300)	0
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	0	0
Treasury Stock Purchases	(9,696)	(12,886)
Stock Option Exercise Proceeds and Tax Benefits	994	1,534
Net Cash Provided by (Used in) Financing Activities	(9,002)	(11,352)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	216	513
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(73,269)	(54,450)
CASH AND CASH EQUIVALENTS, Beginning	188,445	156,075
CASH AND CASH EQUIVALENTS, Ending	115,176	101,625
Briggs & Stratton Corporation [Member]
Net Cash Provided by (Used in) Operating Activities	(58,591)	(39,912)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(10,498)	(6,214)
Proceeds Received on Disposition of Plant and Equipment	26	0
Cash Investment In Subsidiary	1,570	1,140
Net Cash Provided by (Used in) Investing Activities	(8,902)	(5,074)
Cash flows from Financing Activities:
Repayments of Short-Term Debt	0	0
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(9,818)	5,000
Treasury Stock Purchases	(9,696)	(12,886)
Stock Option Exercise Proceeds and Tax Benefits	994	1,534
Net Cash Provided by (Used in) Financing Activities	(18,520)	(6,352)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(86,013)	(51,338)
CASH AND CASH EQUIVALENTS, Beginning	162,628	133,108
CASH AND CASH EQUIVALENTS, Ending	76,615	81,770
Guarantor Subsidiary [Member]
Net Cash Provided by (Used in) Operating Activities	(8,847)	(3,489)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(694)	(910)
Proceeds Received on Disposition of Plant and Equipment	2	4,651
Cash Investment In Subsidiary	0	0
Net Cash Provided by (Used in) Investing Activities	(692)	3,741
Cash flows from Financing Activities:
Repayments of Short-Term Debt	0	0
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	9,818	(5,000)
Treasury Stock Purchases	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0
Net Cash Provided by (Used in) Financing Activities	9,818	(5,000)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	279	(4,748)
CASH AND CASH EQUIVALENTS, Beginning	1,275	5,375
CASH AND CASH EQUIVALENTS, Ending	1,554	627
Non-Guarantor Subsidiaries [Member]
Net Cash Provided by (Used in) Operating Activities	14,577	2,041
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(458)	(747)
Proceeds Received on Disposition of Plant and Equipment	0	969
Cash Investment In Subsidiary	(1,570)	(1,140)
Net Cash Provided by (Used in) Investing Activities	(2,028)	(918)
Cash flows from Financing Activities:
Repayments of Short-Term Debt	(300)	0
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	0	0
Treasury Stock Purchases	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0
Net Cash Provided by (Used in) Financing Activities	(300)	0
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	216	513
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	12,465	1,636
CASH AND CASH EQUIVALENTS, Beginning	24,542	17,592
CASH AND CASH EQUIVALENTS, Ending	37,007	19,228
Eliminations [Member]
Net Cash Provided by (Used in) Operating Activities	0	0
Cash Flows from Investing Activities:
Additions to Plant and Equipment	0	0
Proceeds Received on Disposition of Plant and Equipment	0	0
Cash Investment In Subsidiary	0	0
Net Cash Provided by (Used in) Investing Activities	0	0
Cash flows from Financing Activities:
Repayments of Short-Term Debt	0	0
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	0	0
Treasury Stock Purchases	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0
Net Cash Provided by (Used in) Financing Activities	0	0
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS, Beginning	0	0
CASH AND CASH EQUIVALENTS, Ending	$ 0	$ 0

XML

Separate Financial Information Of Subsidiary Guarantor of Indebtedness (Schedule Of Consolidating Statement Of Operations and Comprehensive Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Net Sales	$ 317,304	$ 309,020
Cost of Goods Sold	269,888	260,024
Cost Of Goods Sold Restructuring Charges	3,585	5,126
Gross Profit	43,831	43,870
Engineering, Selling, General and Administrative Expenses	68,762	65,688
Equity In Income From Subsidiaries	0	0
Income (Loss) from Operations	(24,931)	(21,818)
Interest Expense	(4,510)	(4,486)
Other Income, Net	2,093	1,405
Income (Loss) Before Income Taxes	(27,348)	(24,899)
Provision (Credit) for Income Taxes	(7,999)	(8,372)
Net Income (Loss)	(19,349)	(16,527)
Comprehensive Income (Loss)	(15,027)	(4,572)
Briggs & Stratton Corporation [Member]
Net Sales	174,789	151,563
Cost of Goods Sold	153,466	131,959
Cost Of Goods Sold Restructuring Charges	1,870	1,079
Gross Profit	19,453	18,525
Engineering, Selling, General and Administrative Expenses	37,508	38,442
Equity In Income From Subsidiaries	5,553	342
Income (Loss) from Operations	(23,608)	(20,259)
Interest Expense	(4,494)	(4,443)
Other Income, Net	2,192	1,041
Income (Loss) Before Income Taxes	(25,910)	(23,661)
Provision (Credit) for Income Taxes	(6,561)	(7,134)
Net Income (Loss)	(19,349)	(16,527)
Comprehensive Income (Loss)	(15,027)	(4,572)
Guarantor Subsidiary [Member]
Net Sales	117,765	145,117
Cost of Goods Sold	106,804	129,711
Cost Of Goods Sold Restructuring Charges	228	4,035
Gross Profit	10,733	11,371
Engineering, Selling, General and Administrative Expenses	17,598	18,070
Equity In Income From Subsidiaries	0	0
Income (Loss) from Operations	(6,865)	(6,699)
Interest Expense	0	(2)
Other Income, Net	90	93
Income (Loss) Before Income Taxes	(6,775)	(6,608)
Provision (Credit) for Income Taxes	(2,504)	(2,448)
Net Income (Loss)	(4,271)	(4,160)
Comprehensive Income (Loss)	(7,119)	(4,718)
Non-Guarantor Subsidiaries [Member]
Net Sales	70,409	71,966
Cost of Goods Sold	55,277	57,980
Cost Of Goods Sold Restructuring Charges	1,487	12
Gross Profit	13,645	13,974
Engineering, Selling, General and Administrative Expenses	13,656	9,176
Equity In Income From Subsidiaries	0	0
Income (Loss) from Operations	(11)	4,798
Interest Expense	(16)	(41)
Other Income, Net	(189)	271
Income (Loss) Before Income Taxes	(216)	5,028
Provision (Credit) for Income Taxes	1,066	1,210
Net Income (Loss)	(1,282)	3,818
Comprehensive Income (Loss)	177	7,144
Eliminations [Member]
Net Sales	(45,659)	(59,626)
Cost of Goods Sold	(45,659)	(59,626)
Cost Of Goods Sold Restructuring Charges	0	0
Gross Profit	0	0
Engineering, Selling, General and Administrative Expenses	0	0
Equity In Income From Subsidiaries	(5,553)	(342)
Income (Loss) from Operations	5,553	342
Interest Expense	0	0
Other Income, Net	0	0
Income (Loss) Before Income Taxes	5,553	342
Provision (Credit) for Income Taxes	0	0
Net Income (Loss)	5,553	342
Comprehensive Income (Loss)	$ 6,942	$ (2,426)