10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________ 

FORM 10-K

(Mark One)

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

For the fiscal year ended June 29, 2014

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)

Registrant’s telephone number, including area code:414-259-5333

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange on Which Registered
Common Stock (par value $0.01 per share)	New York Stock Exchange
Common Share Purchase Rights	New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes  xNoo

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes  oNox

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  o

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  o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K or any amendment of this Form 10-K.   x

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	¨ (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 o   No   x

The aggregate market value of Common Stock held by nonaffiliates of the registrant was approximately $1,003.6 million based on the last reported sale price of such securities as of December 27, 2013, the last business day of the most recently completed second fiscal quarter.

Number of Shares of Common Stock Outstanding at August 22, 2014: 45,807,549.

DOCUMENTS INCORPORATED BY REFERENCE

Part III incorporates information by reference from the definitive proxy statement for the Annual Meeting to be held on October 15, 2014.

BRIGGS & STRATTON CORPORATION

FISCAL 2014 FORM 10-K

TABLE OF CONTENTS

PART I		Page
Item 1.	Business	1
Item 1A.	Risk Factors	5
Item 1B.	Unresolved Staff Comments	11
Item 2.	Properties	12
Item 3.	Legal Proceedings	12
Item 4.	Mine Safety Disclosures	13
	Executive Officers of the Registrant	14
PART II
Item 5.	Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	16
Item 6.	Selected Financial Data	17
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	30
Item 8.	Financial Statements and Supplementary Data	31
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	79
Item 9A.	Controls and Procedures	79
Item 9B.	Other Information	79
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	79
Item 11.	Executive Compensation	80
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	80
Item 13.	Certain Relationships and Related Transactions, and Director Independence	80
Item 14.	Principal Accountant Fees and Services	80
PART IV
Item 15.	Exhibits and Financial Statement Schedules	81
	Signatures	82

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 "anticipate", “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 this Annual Report on Form 10-K and in the Company's periodic reports on Form 10-Q. We undertake no obligation to update forward-looking statements made in this report to reflect events or circumstances after the date of this report.

PART I

ITEM 1. BUSINESS

Briggs & Stratton Corporation (the “Company”) is the world’s largest producer of air cooled gasoline engines for outdoor power equipment. Briggs & Stratton designs, manufactures, markets and services these products for original equipment manufacturers (OEMs) worldwide. In addition, the Company markets and sells related service parts and accessories for its engines. Briggs & Stratton is recognized worldwide for its strong brand name and a reputation for quality, design, innovation and value.

Through its wholly owned subsidiary, Briggs & Stratton Power Products Group, LLC, Briggs & Stratton is also a leading designer, manufacturer and marketer of generators, pressure washers, snow throwers, lawn and garden powered equipment (primarily riding mowers) and related service parts and accessories.

The Company conducts its operations in two reportable segments: Engines and Products. Further information about Briggs & Stratton’s business segments is contained in Note 9 of the Notes to Consolidated Financial Statements.

The Company’s internet address is www.basco.com. The Company makes available free of charge (other than an investor’s own internet access charges) through its internet website the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as soon as reasonably practicable after it electronically files such material with, or furnishes such material to, the Securities and Exchange Commission. Charters of the Audit, Compensation, Finance, Nominating and Governance Committees, Corporate Governance Guidelines, Stock Ownership Guidelines and code of business conduct and ethics contained in the Briggs & Stratton Business Integrity Manual are available on the Company’s website and are available in print to any shareholder upon request to the Corporate Secretary. The information contained on and linked from the Company's website is not incorporated by reference into this Annual Report on Form 10-K.

Engines Segment

General

Briggs & Stratton manufactures four-cycle aluminum alloy gasoline engines with displacements ranging from 125 to 993 cubic centimeters through its Engines segment. The Company’s engines are used primarily by the lawn and garden equipment industry, which accounted for 86% of the Engines segment's fiscal 2014 engine sales to OEMs. Major lawn and garden equipment applications include walk-behind lawn mowers, riding lawn mowers, garden tillers and snow throwers. The remaining 14% of engine sales to OEMs in fiscal 2014 were for use on products for industrial, construction, agricultural and other consumer applications that include portable and standby generators, pumps and pressure washers. Many retailers specify the Company's engines on the power equipment they sell and the Briggs & Stratton logo is often featured prominently on a product because of the appeal and reputation of the brand.

In fiscal 2014 approximately 30% of the Engines segment net sales were derived from sales in international markets, primarily to customers in Europe. The Company serves its key international markets through its European regional office in Switzerland, its distribution center in the Netherlands and sales and service subsidiaries and offices in Australia, Austria, Brazil, Canada, China, the Czech Republic, England, France, Germany, Italy, Japan, Mexico, New Zealand, Poland, Russia, South Africa, Sweden and the United Arab Emirates. Briggs & Stratton is a leading supplier of gasoline engines in developed countries where there is an established lawn and garden equipment market. Briggs & Stratton also exports engines to developing nations where its engines are used in agricultural, marine, construction and other applications. More information about our foreign operations is in Note 9 of the Notes to Consolidated Financial Statements.

The Company's engines are sold primarily by its worldwide sales force through direct interaction with customers. The Company’s marketing staff and engineers provide support and technical assistance to its sales force.

The Engines segment also manufactures replacement engines and service parts and sells them to sales and service distributors. During the third quarter of fiscal 2014, the Company joined with one of its independent

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distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture. The Company owns its principal international distribution centers. In the United States the distributors are independently owned and operated.

These distributors supply service parts and replacement engines directly to independently owned, authorized service dealers throughout the world. These distributors and service dealers incorporate the Company’s commitment to reliability and service.

Customers

The Company's engine sales are primarily to OEMs. The Company's three largest external engine customers in fiscal years 2014, 2013 and 2012 were Husqvarna Outdoor Products Group (HOP), MTD Products Inc. (MTD) and Deere & Company. Engines segment sales to the top three customers combined were 51%, 48% and 45% of Engines segment sales in fiscal 2014, 2013 and 2012, respectively. Under purchasing plans available to all of its gasoline engine customers, Briggs & Stratton typically enters into annual engine supply arrangements. In certain cases, the Company has entered into longer supply arrangements of two to three years.

The Company believes that in fiscal 2014 more than 80% of all lawn and garden powered equipment sold in the United States was sold through mass merchandisers such as The Home Depot, Inc. (The Home Depot), Lowe’s Companies, Inc. (Lowe’s), Sears Holdings Corporation (Sears) and Wal-Mart Stores, Inc. (Wal-Mart). Given the buying power of the mass merchandisers, Briggs & Stratton, through its customers, has continued to experience pricing pressure; however, the Company attempts to recover increases in commodity costs through increased pricing. In addition, development of new and innovative products that consumers demand assists the Company and its customers to realize higher margins.

Competition

The Company’s major domestic competitors in engine manufacturing are Honda Motor Co., Ltd. (Honda), Kawasaki Heavy Industries, Ltd. (Kawasaki) and Kohler Co. (Kohler). Several Japanese and Chinese small engine manufacturers, of which Honda and Kawasaki are the largest, compete directly with the Company in world markets in the sale of engines to other OEMs and indirectly through their sale of end products.

The Company believes it has a significant share of the worldwide market for engines that power outdoor equipment.

The Company believes the major areas of competition from all engine manufacturers include product quality, brand, price, delivery and service. Other factors affecting competition are short-term market share objectives, short-term profit objectives, exchange rate fluctuations, technology, new product innovation, product support, distribution strength, and advertising. The Company believes its technology, product value, distribution, marketing, and service reputation have given it strong brand name recognition and enhanced its competitive position.

Seasonality of Demand

Sales of engines to lawn and garden OEMs are highly seasonal because of consumer buying patterns. The majority of lawn and garden equipment is sold during the spring and summer months when most lawn care and gardening activities are performed. Sales of lawn and garden equipment are also influenced by consumer sentiment, employment levels, new and existing home sales and weather conditions. Engine sales in the Company’s fiscal third quarter have historically been the highest, while sales in the first fiscal quarter have historically been the lowest.

In order to efficiently use its capital investments and meet seasonal demand for engines, the Company pursues a relatively balanced production schedule throughout the year. The schedule is adjusted to reflect changes in estimated demand, customer inventory levels and other matters outside the control of the Company. Accordingly, inventory levels generally increase during the first and second fiscal quarters in anticipation of customer demand. Inventory levels begin to decrease as sales increase in the third fiscal quarter. This seasonal pattern results in high inventories and low cash flow for the Company in the first, second and the beginning of the third fiscal quarters. The pattern generally results in higher cash flow in the

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latter portion of the third fiscal quarter and in the fourth fiscal quarter as inventories are liquidated and receivables are collected.

Manufacturing

The Company manufactures engines and parts at the following locations: Auburn, Alabama; Statesboro, Georgia; Murray, Kentucky; Poplar Bluff, Missouri; Wauwatosa, Wisconsin; and Chongqing, China. Briggs & Stratton has a parts distribution center in Menomonee Falls, Wisconsin. The Engines segment also purchases certain products under contract manufacturing agreements.

Related to the restructuring actions announced in fiscal 2012, production of horizontal shaft engines at the Auburn plant concluded in the second quarter of fiscal 2014. The Auburn plant continues to produce V-Twin engines used in riding mowers and other outdoor power applications.

The Company manufactures a majority of the structural components used in its engines, including aluminum die castings, carburetors and ignition systems. The Company purchases certain parts such as piston rings, spark plugs, valves, ductile and grey iron castings, plastic components, some stampings and screw machine parts and smaller quantities of other components. Raw material purchases consist primarily of aluminum and steel. The Company believes its sources of supply are adequate.

The Company has joint ventures with Daihatsu Motor Company for the manufacture of engines in Japan, and with Starting Industrial of Japan for the production of rewind starters and punch press components in the United States.

The Company has a strategic relationship with Mitsubishi Heavy Industries (MHI) for the global distribution of air cooled gasoline engines manufactured by MHI in Japan under Briggs & Stratton’s Vanguard brand.

Products Segment

General

Products segment’s ("Products") principal product lines include portable and standby generators, pressure washers, snow throwers and lawn and garden power equipment. Products sells its products through multiple channels of retail distribution, including consumer home centers, warehouse clubs, mass merchants and independent dealers. The Company sells its lawn and garden products and standby generators primarily through an independent dealer network and sells its pressure washers and portable generators primarily through the U.S. mass retail channel.

The Products segment product lines are marketed under its own brands such as Briggs & Stratton, Snapper, Simplicity, Ferris, Snapper Pro, Murray, Branco, and Victa as well as other brands such as Craftsman, GE, and Troy-Bilt.

In fiscal 2013, the Company exited 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. In certain cases, the Company may license its brand name to others for use in selling lawn and garden equipment in the U.S. mass retail channel. The Products segment continues to focus on innovative, higher margin products that are sold through its independent dealer network and regional retailers. The Company also continues to sell pressure washers and portable and standby generators through the U.S. mass retail channel.

Products has a network of independent dealers worldwide for the sale and service of snow throwers, standby generators and lawn and garden powered equipment. To support its international business, Products has leveraged the existing Briggs & Stratton worldwide distribution network and regional sales offices.

During the third quarter of fiscal 2014, the Company joined with one of its independent distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture.

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Customers

Historically, Products’ major customers have included Lowe’s, Sears, The Home Depot, Wal-Mart, Tractor Supply Inc., Bunnings Warehouse, and a network of independent dealers. Sales to the top three customers combined were 27%, 28% and 26% of Products segment net sales in fiscal 2014, 2013 and 2012, respectively.

Competition

The principal competitive factors in the power products industry include price, service, product performance, brand, innovation and delivery. Products has various competitors, depending on the type of equipment. Primary competitors include: Honda (portable generators, pressure washers and lawn and garden equipment), Generac Power Systems, Inc. (portable and standby generators), Alfred Karcher GmbH & Co. (pressure washers), Techtronic Industries (pressure washers and portable generators), Deere & Company (commercial and consumer lawn mowers), MTD (commercial and consumer lawn mowers), The Toro Company (commercial and consumer lawn mowers), Scag Power Equipment, a Division of Metalcraft of Mayville, Inc. (commercial lawn mowers), and HOP (commercial and consumer lawn mowers).

Seasonality of Demand

Products’ sales are subject to seasonal patterns. Due to seasonal and regional weather factors, sales of pressure washers and lawn and garden powered equipment are typically higher during the third and fourth fiscal quarters than at other times of the year. Sales of portable generators and snow throwers are typically higher during the first and second fiscal quarters and can spike during weather related power outage events.

Manufacturing

Products’ manufacturing facilities are located in McDonough, Georgia; Munnsville, New York; Wauwatosa, Wisconsin; and Sydney, Australia. Products also purchases certain powered equipment under contract manufacturing agreements.

Products manufactures core components for its products, where such integration improves operating profitability by providing lower costs.

Products purchases engines from its parent, Briggs & Stratton, as well as from Honda, Kawasaki and Kohler. Products has not experienced any difficulty obtaining necessary engines or other purchased components.

Products assembles products for the international markets at its U.S. and Australian locations and through contract manufacturing agreements with other OEMs and suppliers.

Consolidated

General Information

The Company holds patents on features incorporated in its products; however, the success of the Company’s business is not considered to be primarily dependent upon patent protection. The Company owns several trademarks which it believes significantly affect a consumer’s choice of outdoor powered equipment and therefore create value. Licenses, franchises and concessions are not a material factor in the Company’s business.

For the fiscal years ended June 29, 2014, June 30, 2013 and July 1, 2012, the Company spent approximately $19.7 million, $18.5 million and $19.8 million, respectively, on research activities relating to the development of new products or the improvement of existing products.

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 froze 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 fiscal 2012 and 2013, the Company implemented salaried workforce reductions and manufacturing footprint reductions that impacted approximately 1,250 regular and temporary employees globally, or approximately 10% of its salaried workforce.

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The average number of persons employed by the Company during fiscal 2014 and fiscal 2013 was 5,790 and 6,146, respectively. Employment in fiscal 2014 ranged from a high of 5,917 in July 2013 to a low of 5,695 in June 2014.

Export Sales

Export sales for fiscal 2014, 2013 and 2012 were $314.6 million (17% of net sales), $334.9 million (18% of net sales) and $392.7 million (19% of net sales), respectively. These sales were principally to customers in Europe, Asia, Australia, and Canada.

Refer to Note 9 of the Notes to Consolidated Financial Statements for financial information about geographic areas. Also, refer to Item 7A of this Form 10-K and Note 16 of the Notes to Consolidated Financial Statements for information about Briggs & Stratton’s foreign exchange risk management.

ITEM 1A. RISK FACTORS

In addition to the risks referred to elsewhere in this Annual Report on Form 10-K, the following risks, among others, may have affected, and in the future could affect, the Company and its subsidiaries’ business, financial condition or results of operations.

Demand for products fluctuates significantly due to seasonality. In addition, changes in the weather and consumer confidence impact demand.

Sales of our products are subject to seasonal and consumer buying patterns. Consumer demand in our markets can be reduced by unfavorable weather and weak consumer confidence. Although we manufacture throughout the year, our sales are concentrated in the second half of our fiscal year. This operating method requires us to anticipate demand of our customers many months in advance. If we overestimate or underestimate demand during a given year, we may not be able to adjust our production quickly enough to avoid excess or insufficient inventories, and that may in turn limit our ability to maximize our potential sales or maintain optimum working capital levels.

We have only a limited ability to pass through cost increases in our raw materials to our customers during the year.

We generally enter into annual purchasing plans with our largest customers, so our ability to raise our prices during a particular year to reflect increased raw materials costs is limited.

A significant portion of our net sales comes from major customers and the loss of any of these customers would negatively impact our financial results.

In fiscal 2014, our three largest customers accounted for 34% of our consolidated net sales. The loss of any of these customers or a significant portion of the business from one or more of our key customers would significantly impact our net sales and profitability.

Changes in environmental or other laws could require extensive changes in our operations or to our products.

Our operations and products are subject to a variety of foreign, federal, state and local laws and regulations governing, among other things, emissions to air, discharges to water, noise, the generation, handling, storage, transportation, treatment and disposal of waste and other materials and health and safety matters. We do not expect these laws and regulations to have a material adverse effect on us, but we cannot be certain that these or other proposed changes in applicable laws or regulations, or their enforcement, will not adversely affect our business or financial condition in the future.

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Our international operations are subject to risks and uncertainties, which could adversely affect our business or financial results.

In fiscal 2014, we derived approximately 30% of our consolidated net sales from international markets, primarily Europe. Our international operations are subject to various economic, political, and other risks and uncertainties that could adversely affect our business and operating results, including, but not limited to, regional or country specific economic downturns, fluctuations in currency exchange rates, complications in complying with, or exposure to liability under, a variety of laws and regulations, including anti-corruption laws and regulations, political instability and significant natural disasters and other events or factors impacting local infrastructure.

Actions of our competitors could reduce our sales or profits.

Our markets are highly competitive and we have a number of significant competitors in each market. Competitors may reduce their costs, lower their prices or introduce innovative products that could adversely affect our sales or profits. In addition, our competitors may focus on reducing our market share to improve their results.

Disruptions caused by labor disputes or organized labor activities could harm our business.

Currently, approximately 11% of our workforce is represented by labor unions. In addition, we may from time to time experience union organizing activities in our non-union facilities. Disputes with the current labor union or new union organizing activities could lead to work slowdowns or stoppages and make it difficult or impossible for us to meet scheduled delivery times for product shipments to our customers, which could result in loss of business. In addition, union activity could result in higher labor costs, which could harm our financial condition, results of operations and competitive position.

Our level of debt and our ability to obtain debt financing could adversely affect our operating flexibility and put us at a competitive disadvantage.

Our level of debt and the limitations imposed on us by the indenture relating to the Senior Notes (as defined below) and our other credit agreements could have important consequences, including the following:

• we will have to use a portion of our cash flow from operations for debt service rather than for our operations;

• we may not be able to obtain additional debt financing for future working capital, capital expenditures or other corporate purposes or may have to pay more for such financing;

• some or all of the debt under our current or future revolving credit facilities will be at a variable interest rate, making us more vulnerable to increases in interest rates;

• we could be less able to take advantage of significant business opportunities, such as acquisition opportunities, and to react to changes in market or industry conditions;

• we may be more vulnerable to general adverse economic and industry conditions; and

• we may be disadvantaged compared to competitors with less leverage.

The terms of the indenture for the 6.875% Senior Notes due December 2020 (the "Senior Notes") do not fully prohibit us from incurring substantial additional debt in the future and our revolving credit facilities permit additional borrowings, subject to certain conditions. If incremental debt is added to our current debt levels, the related risks we now face could intensify.

We expect to obtain the money to pay our expenses and to pay the principal and interest on the outstanding Senior Notes, the credit facilities and other debt primarily from our operations or by refinancing part of our existing debt. Our ability to meet our expenses thus depends on our future performance, which will be affected by financial, business, economic and other factors. We will not be able to control many of these factors, such as economic conditions in the markets where we operate and pressure from competitors. We cannot be certain that the money we earn will be sufficient to allow us to pay principal and interest on our debt and meet our other obligations. If we do not have enough money, we may be required to refinance all or part of our existing debt, sell assets or borrow more money. We cannot guarantee that we will be able to do so on terms acceptable to us. In addition, the terms of existing or future debt agreements, including the revolving credit facilities and our indentures, may restrict us from adopting certain of these alternatives.

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We are restricted by the terms of the outstanding Senior Notes and our other debt, which could adversely affect us.

The indenture relating to the Senior Notes and our multicurrency credit agreement include a number of financial and operating restrictions, which may prevent us from capitalizing on business opportunities and taking some corporate actions. These covenants could adversely affect us by limiting our ability to plan for or react to market conditions or to meet our capital needs. These covenants include, among other things, restrictions on our ability to:

• incur more debt;

• pay dividends, redeem stock or make other distributions;

• make certain investments;

• create liens;

• transfer or sell assets;

• merge or consolidate; and

• enter into transactions with our affiliates.

In addition, our multicurrency credit agreement contains financial covenants that, among other things, require us to maintain a minimum interest coverage ratio and impose a maximum average leverage ratio.

Our failure to comply with the restrictive covenants described above could result in an event of default, which, if not cured or waived, could result in us being required to repay these borrowings before their due date. If we are forced to refinance these borrowings on less favorable terms, our results of operations and financial condition could be adversely affected by increased costs and rates.

Worldwide economic conditions may adversely affect our industry, business and results of operations.

General worldwide economic conditions have experienced volatility in recent years due to the sequential effects of the subprime lending crisis, general credit market crisis, sovereign debt crisis, collateral effects on the finance and banking industries, increased energy costs, concerns about inflation, slower economic activity, decreased consumer confidence, reduced corporate profits and capital spending, adverse business conditions and liquidity concerns. These conditions make it difficult for our customers, our vendors and us to accurately forecast and plan future business activities, and they may cause U.S. and foreign OEMs and consumers to slow spending on our products. We cannot predict the timing or duration of any economic slowdown or the timing or strength of a subsequent economic recovery, worldwide or in the specific end markets we serve. If the consumer and commercial lawn and garden markets significantly deteriorate due to these economic effects, our business, financial condition and results of operations will likely be materially and adversely affected. Additionally, our stock price could decrease if investors have concerns that our business, financial condition and results of operations will be negatively impacted by a worldwide economic downturn.

We have a material amount of goodwill and intangible assets, which were written-down in fiscal 2013 and 2014. If we determine that goodwill and other intangible assets have become further impaired in the future, net income in such years may be adversely affected.

At June 29, 2014, goodwill and other intangible assets represented approximately 15.5% of our total assets. Goodwill represents the excess of cost over the fair market value of net assets acquired in business combinations. We are required to evaluate whether our goodwill and indefinite-lived intangible assets have been impaired on an annual basis, or more frequently if indicators of impairment exist. In fiscal 2014 and 2013, we recorded pre-tax non-cash goodwill and tradename impairment charges of $8.5 million and $90.1 million, respectively. The impairments were determined as part of the fair value assessments of goodwill and other intangible assets. No goodwill or intangible asset impairment charges were recorded in fiscal 2012. Any additional write-down of our goodwill or intangible assets could materially adversely affect our results of operations.

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We are subject to litigation, including product liability and warranty claims, that may adversely affect our business and results of operations.

We are a party to litigation that arises in the normal course of our business operations, including product warranty and liability (strict liability and negligence) claims, patent and trademark matters, contract disputes and environmental, asbestos, employment and other litigation matters. We face an inherent business risk of exposure to product liability and warranty claims in the event that the use of our products is alleged to have resulted in injury or other damage. While we currently maintain general liability and product liability insurance coverage in amounts that we believe are adequate, we cannot be sure that we will be able to maintain this insurance on acceptable terms or that this insurance will provide sufficient coverage against potential liabilities that may arise. Any claims brought against us, with or without merit, may have an adverse effect on our business and results of operations as a result of potential adverse outcomes, the expenses associated with defending such claims, the diversion of our management’s resources and time and the potential adverse effect to our business reputation.

Our pension and postretirement benefit plan obligations are currently underfunded, and we may have to make significant cash payments to some or all of these plans, which would reduce the cash available for our businesses.

We have unfunded obligations under our domestic and foreign pension and postretirement benefit plans. As of June 29, 2014, our pension plans were underfunded by approximately $130 million. The funded status of our pension plans is dependent upon many factors, including returns on invested assets, the level of certain market interest rates and the discount rate used to determine pension obligations. Unfavorable returns on the plan assets or unfavorable changes in applicable laws or regulations could materially change the timing and amount of required plan funding, which would reduce the cash available for our businesses. In addition, a decrease in the discount rate used to determine pension obligations could result in an increase in the valuation of pension obligations, which could affect the reported funding status of our pension plans and future contributions, as well as the periodic pension cost in subsequent fiscal years.

Our dependence on, and the price of, raw materials may adversely affect our profits.

The principal raw materials used to produce our products are aluminum, copper and steel. We source raw materials on a global or regional basis, and the prices of those raw materials are susceptible to significant price fluctuations due to supply/demand trends, transportation costs, government regulations and tariffs, changes in currency exchange rates, price controls, the economic climate and other unforeseen circumstances. If we are unable to pass on raw material price increases to our customers, our future profitability may be adversely affected.

We may be adversely affected by health and safety laws and regulations.

We are subject to various laws and regulations relating to the protection of human health and safety and have incurred and will continue to incur capital and other expenditures to comply with these regulations. Failure to comply with regulations could subject us to future liabilities, fines or penalties or the suspension of production.

The operations and success of our Company can be impacted by natural disasters, terrorism, acts of war, international conflict and political and governmental actions, which could harm our business.

Natural disasters, acts or threats of war or terrorism, international conflicts and the actions taken by the United States and other governments in response to such events could cause damage or disrupt our business operations, our suppliers or our customers, and could create political or economic instability, any of which could have an adverse effect on our business. Although it is not possible to predict such events or their consequences, these events could decrease demand for our products, could make it difficult or impossible for us to deliver products or could disrupt our supply chain. We may also be impacted by actions by foreign governments, including currency devaluation, tariffs and nationalization, where our facilities are located, which could disrupt manufacturing and commercial operations. In addition, our foreign operations make us subject to certain U.S. laws and regulations, including the Export Administration Regulations administered by the U.S. Department of Commerce, the trade sanctions laws and regulations administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control and the Foreign Corrupt Practices Act. A violation of these laws and regulations could adversely affect our business, financial condition and results of operations.

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We are subject to tax laws and regulations in many jurisdictions, and the inability to successfully defend claims from taxing authorities could adversely affect our operating results and financial position.

We conduct business in many countries, which requires us to interpret the income tax laws and rulings in each of those taxing jurisdictions. Due to the subjectivity of tax laws between those jurisdictions as well as the subjectivity of factual interpretations, our estimates of income tax liabilities may differ from actual payments or assessments. Claims from taxing authorities related to these differences could have an adverse impact on our operating results and financial position.

If we fail to remain current with changes in gasoline engine technology or if the technology becomes less important to customers in our markets due to the impact of alternative fuels, our results would be negatively affected.

Our ability to remain current with changes in gasoline engine technology may significantly affect our business. Any advances in gasoline engine technology, including the impact of alternative fuels, may inhibit our ability to compete with other manufacturers. Our competitors may also be more effective and efficient at integrating new technologies. In addition, developing new manufacturing technologies and capabilities requires a significant investment of capital. There can be no assurance that our products will remain competitive in the future or that we will continue to be able to timely implement innovative manufacturing technologies.

Through our Products segment, we compete with certain customers of our Engines segment, thereby creating inherent channel conflict that may impact the actions of engine manufacturers and OEMs with whom we compete.

Through our Products segment, we compete with certain customers of our Engines segment. Any further forward integration of our products may strain relationships with OEMs that are significant customers of our Engines segment and have an adverse impact on operating results.

The financial stability of our suppliers and the ability of our suppliers to produce quality materials could adversely affect our ability to obtain timely and cost-effective raw materials.

The loss of certain of our suppliers or interruption of production at certain suppliers from adverse financial conditions, work stoppages, equipment failures or other unfavorable events would adversely affect our ability to obtain raw materials and other inputs used in the manufacturing process. Our cost of purchasing raw materials and other inputs used in the manufacturing process could be higher and could temporarily affect our ability to produce sufficient quantities of our products, which could harm our financial condition, results of operations and competitive position.

An inability to successfully manage information systems, or to adequately maintain these systems and their security, as well as to protect data and other confidential information, could adversely affect our business and reputation.

We depend on our information systems to successfully manage our business. Any inability to successfully manage these systems, including matters related to system and data security, privacy, reliability, compliance, performance and access, as well as any inability of these systems to fulfill their intended purpose within our business, could have an adverse effect on our business.

In the ordinary course of business, we collect and store sensitive data and information, including our proprietary and regulated business information and that of our customers, suppliers and business partners, as well as personally identifiable information about our employees. Our information systems, like those of other companies, are susceptible to outages due to natural disasters, power loss, telecommunications failures, viruses, break-ins and similar events, or breaches of security. We have taken steps to maintain adequate data security and address these risks and uncertainties by implementing security technologies, internal controls, network and data center resiliency and recovery processes. However, any operational failure or breach of security from increasingly sophisticated cyber threats could lead to the loss or disclosure of both our and our customers’ financial, product and other confidential information, result in regulatory actions and have a material adverse effect on our business and reputation.

9

We have implemented, and Wisconsin law contains, anti-takeover provisions that may adversely affect the rights of holders of our common stock.

Our articles of incorporation contain provisions that could have the effect of discouraging or making it more difficult for someone to acquire us through a tender offer, a proxy contest or otherwise, even though such an acquisition might be economically beneficial to our shareholders. These provisions include a board of directors divided into three classes of directors serving staggered terms of three years each and the removal of directors only for cause and only with the affirmative vote of a majority of the votes entitled to be cast in an election of directors.

Each currently outstanding share of our common stock includes, and each newly issued share of our common stock will include, a common share purchase right. The rights are attached to and trade with the shares of common stock and are exercisable only under limited circumstances. The rights will become exercisable if a person or group acquires, or announces an intention to acquire, 20% or more of our outstanding common stock, subject to certain exceptions. The rights have some anti-takeover effects and generally will cause substantial dilution to a person or group that attempts to acquire control of us without conditioning the offer on either redemption of the rights or amendment of the rights to prevent this dilution. The rights could have the effect of delaying, deferring or preventing a change of control.

We are subject to the Wisconsin Business Corporation Law, which contains several provisions that could have the effect of discouraging non-negotiated takeover proposals or impeding a business combination.

These provisions include:

• requiring a supermajority vote of shareholders, in addition to any vote otherwise required, to approve business combinations not meeting adequacy of price standards;

• prohibiting some business combinations between an interested shareholder and us for a period of three years, unless the combination was approved by our board of directors prior to the time the shareholder became a 10% or greater beneficial owner of our shares or under some other circumstances;

• limiting actions that we can take while a takeover offer for us is being made or after a takeover offer has been publicly announced; and

• limiting the voting power of shareholders who own more than 20% of our stock.

Inability to identify, complete and integrate acquisitions may adversely impact our sales, results of operations, cash flow and liquidity.

Our historical growth has included acquisitions, and our future growth strategy includes acquisition opportunities. For example, subsequent to fiscal 2014, the Company announced that it signed a definitive agreement to acquire Allmand Bros., Inc., a leading designer and manufacturer of high quality towable light towers, industrial heaters and solar LED arrow boards, for approximately $62.0 million in cash, subject to customary due diligence and working capital adjustments. We may not be able to identify acquisition targets or successfully complete acquisitions in the future due to the absence of quality companies in our target markets, economic conditions, or price expectations from sellers. If we are unable to complete additional acquisitions, our growth may be limited.

Additionally, as we grow through acquisitions, we will continue to place significant demands on management, operational, and financial resources. Recent and future acquisitions will require integration of operations, sales and marketing, information technology, finance and administrative operations, which could decrease the time available to serve and attract customers. We cannot assure that we will be able to successfully integrate acquisitions, that these acquisitions will operate profitably, or that we will be able to achieve the desired financial or operational success. Our financial condition, cash flows, liquidity and results of operations could be adversely affected if we do not successfully integrate the newly acquired businesses, or if our other businesses suffer due to the increased focus on the newly acquired businesses. 

Our common stock is subject to substantial price and volume fluctuations.

The market price of shares of our common stock may be volatile. Among the factors that could affect our common stock price are those previously discussed, as well as:

• quarterly fluctuation in our operating income and earnings per share results;

• decline in demand for our products;

10

• significant strategic actions by our competitors, including new product introductions or technological advances;

• fluctuations in interest rates;

• cost increases in energy, raw materials or labor;

• changes in revenue or earnings estimates or publication of research reports by analysts; and

• domestic and international economic and political factors unrelated to our performance.

In addition, the stock markets have experienced extreme volatility that has often been unrelated to the operating performance of particular companies. These broad market fluctuations may adversely affect the trading price of our common stock.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

11

ITEM 2. PROPERTIES

The Company maintains leased and owned manufacturing, office, warehouse, distribution and testing facilities throughout the world. The Company believes that its owned and leased facilities are adequate to perform its operations in a reasonable manner. As the Company’s business is seasonal, additional warehouse space may be leased when inventory levels are at their peak. Facilities in the United States occupy approximately 5.7 million square feet, of which 64% is owned. Facilities outside of the United States occupy approximately 979 thousand square feet, of which 28% is owned. Certain of the Company’s facilities are leased through operating lease agreements. See Note 10 to the Consolidated Financial Statements for information on the Company’s operating leases.

The following table provides information about each of the Company’s facilities (exceeding 25,000 square feet) as of June 29, 2014:

Location	Type of Property	Owned/Leased	Segment
U.S. Locations:
Auburn, Alabama	Manufacturing, office and warehouse	Owned and Leased	Engines
McDonough, Georgia (1)	Manufacturing, office and warehouse	Owned and Leased	Products
Statesboro, Georgia	Manufacturing, office and warehouse	Owned and Leased	Engines
Murray, Kentucky	Manufacturing, office and warehouse	Owned and Leased	Engines
Poplar Bluff, Missouri	Manufacturing, office and warehouse	Owned and Leased	Engines
Munnsville, New York	Manufacturing and office	Owned	Products
Sherrill, New York	Warehouse	Leased	Products
Menomonee Falls, Wisconsin	Distribution and office	Leased	Engines, Products
Wauwatosa, Wisconsin	Manufacturing, office and warehouse	Owned	Engines, Products, Corporate
Non-U.S. Locations:
Melbourne, Australia	Office and warehouse	Leased	Engines, Products
Sydney, Australia	Manufacturing and office	Leased	Products
Curitiba, Brazil	Office and warehouse	Leased	Engines, Products
Mississauga, Canada	Office and warehouse	Leased	Products
Chongqing, China	Manufacturing, office and warehouse	Owned	Engines
Shanghai, China	Office and warehouse	Leased	Engines, Products
Queretaro, Mexico	Office and warehouse	Leased	Engines, Products
Nijmegen, Netherlands	Distribution and office	Leased	Engines, Products

(1) On July 10, 2014, the Company announced that it would be closing its McDonough, Georgia facility and consolidating production into its existing facilities in Wauwatosa, Wisconsin and Munnsville, New York. Production is estimated to be completed in McDonough and transitioned to the other facilities during the first quarter of calendar 2015.

ITEM 3. LEGAL PROCEEDINGS

The Company is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended 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

12

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. 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. A class has been certified, and discovery has been concluded. Briefing on the Company’s and the retirees' summary judgment motions will occur soon. If the court denies the motions, a jury trial will be scheduled.

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.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

13

Executive Officers of the Registrant

Name, Age, Position	Business Experience for At Least Past Five Years
TODD J. TESKE, 49 Chairman, President and Chief Executive Officer (1)(2)	Mr. Teske was elected to his current position effective October 2010. He previously was President and Chief Executive Officer from January 2010. He served as President and Chief Operating Officer since September 2008. He previously served as Executive Vice President and Chief Operating Officer since September 2005. He previously served as Senior Vice President and President – Briggs & Stratton Power Products Group, LLC from September 2003 to August 2005. Mr. Teske also serves as a director of Badger Meter, Inc. and Lennox International, Inc.
RANDALL R. CARPENTER, 57 Vice President – Marketing	Mr. Carpenter was elected to his current position effective September 2009. He served as Vice President – Marketing since May 2007. He was previously Vice President Marketing and Product Development for Royal Appliance Manufacturing from 2005 to 2007. He was an Independent Marketing Consultant from 2004 to 2005.
DAVID G. DEBAETS, 51 Vice President – North American Operations (Engines Group)	Mr. DeBaets was elected to his current position effective September 2007. He served as Vice President and General Manager – Large Engine Division since April 2000.
ROBERT F. HEATH, 66 Vice President, General Counsel and Secretary	Mr. Heath was elected to his current position effective February 2010. He previously was elected as Secretary January 2002. He has served as Vice President and General Counsel since January 2001.
ANDREA L. GOLVACH, 43 Vice President & Treasurer	Ms. Golvach was elected to her current position effective November 2011 after serving as Vice President of Treasury since May 2011. Prior to joining Briggs & Stratton, she held the position of Director of Finance & Cash Management at Harley-Davidson, Inc., a global motorcycle manufacturer, from December 2007 to May 2011 and Director of Finance & Cash Management for Harley-Davidson Financial Services from August 2005 to December 2007.
HAROLD L. REDMAN, 49 Senior Vice President and President – Turf & Consumer Products	Mr. Redman was elected to his current position in August 2014. He previously served as Senior Vice President and President - Products Group since October 2010. He served as Senior Vice President and President – Home Power Products Group since September 2009 after serving as Vice President and President – Home Power Products Group since May 2006. He also served as Senior Vice President – Sales & Marketing – Simplicity Manufacturing, Inc. since July 1995.
WILLIAM H. REITMAN, 58 Senior Vice President and Managing Director – Europe and Global Service	Mr. Reitman was elected to his current position in August 2014. He previously served as Senior Vice President and Managing Director - Europe since September 2013 after serving as Senior Vice President – Business Development & Customer Support since October 2010. He previously served as Senior Vice President – Sale & Customer Support since September 2007, Senior Vice President – Sales & Marketing since May 2006, and Vice President – Sales & Marketing since October 2004. He also served as Vice President – Marketing since November 1995.

14

Name, Age, Position	Business Experience for At Least Past Five Years
DAVID J. RODGERS, 43 Senior Vice President and Chief Financial Officer	Mr. Rodgers was elected as Senior Vice President and Chief Financial Officer effective June 2010 after serving as Vice President – Finance since February 2010. He was elected an executive officer in September 2007 and served as Controller from December 2006 to February 2010. He was previously employed by Roundy’s Supermarkets, Inc. as Vice President – Corporate Controller from September 2005 to November 2006 and Vice President – Retail Controller from May 2003 to August 2005.
MARK A. SCHWERTFEGER, 37 Vice President – Controller	Mr. Schwertfeger was elected as an executive officer effective September 2014 and has served as Controller since February 2010. He also served as International Controller since September 2008. Prior to joining Briggs & Stratton, he held the position of Director with KPMG LLP.
JOSEPH C. WRIGHT, 55 Senior Vice President and President – Engines Group	Mr. Wright was elected to his current position in October 2010. He previously served as Senior Vice President and President – Engine Power Products Group since May 2006 after serving as Vice President and President – Yard Power Products Group since September 2005. He also served as Vice President and General Manager – Lawn and Garden Division from September 2004 to September 2005. He was elected an executive officer effective September 2002.
EDWARD J. WAJDA, 54 Senior Vice President and President – Standby/Job Site Products & International	Mr. Wajda was elected to his current position in August 2014. He previously served as Senior Vice President and General Manager - International since September 2013. He was elected as an executive officer in January 2011 and served as Vice President and General Manager – International from July 2008 to August 2013. Prior to joining Briggs & Stratton, he held the position of Senior Vice President – Global Medical Vehicle Group for Oshkosh Corporation, a manufacturer of security vehicles and bodies for access equipment, defense, fire and emergency and commercial uses, since June 2006.

(1) Officer is also a Director of Briggs & Stratton.

(2) Member of the Board of Directors Executive Committee.

Officers are elected annually and serve until they resign, die, are removed, or a different person is appointed to the office.

15

PART II

ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Briggs & Stratton common stock and its common share purchase rights are traded on the NYSE under the symbol “BGG”. Information required by this Item is incorporated by reference from the “Quarterly Financial Data, Dividend and Market Information” (unaudited), included in Item 8 of this report.

Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities

The table below sets forth the information with respect to purchases made by or behalf of the Company of its common stock during the quarterly period ended June 29, 2014.

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)
March 31, 2014 to April 27, 2014	120,100	$	22.15	120,100	$	47,625,360
April 28, 2014 to May 25, 2014	150,384	21.09		150,384	44,453,761
May 26, 2014 to June 29, 2014	350,389	20.41		350,389	37,302,322
Total Fourth Quarter	620,873	$	20.91	620,873	$	37,302,322

(1) On August 8, 2012, the Board of Directors authorized up to $50 million in funds associated with the common share repurchase program and an expiration date of June 30, 2014. On January 22, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an extension of the expiration date to June 30, 2016. On August 13, 2014, subsequent to fiscal 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an expiration date of June 30, 2016. 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.

Five-year Stock Performance Graph

The graph below shows the cumulative total stockholder return of an investment of $100 (and the reinvestment of any dividends thereafter) at the close of business on June 30, 2009 in each of Briggs & Stratton common stock, the Standard & Poor’s (S&P) Smallcap 600 Index and the S&P Machinery Index.

16

ITEM 6. SELECTED FINANCIAL DATA

Fiscal Year	2014(1)		2013(2)			2012(3)		2011(4)		2010(5)
(dollars in thousands, except per share data)
SUMMARY OF OPERATIONS
NET SALES	$	1,859,060	$	1,862,498		$	2,066,533	$	2,109,998	$	2,027,872
GROSS PROFIT	346,783		329,140			336,725		398,316		379,935
PROVISION (CREDIT) FOR INCOME TAXES	8,787		(18,484		)	867		7,699		12,458
NET INCOME (LOSS)	28,347		(33,657		)	29,006		24,355		36,615
EARNINGS (LOSS) PER SHARE OF COMMON STOCK:
Basic	0.59		(0.73		)	0.58		0.49		0.73
Diluted	0.59		(0.73		)	0.57		0.48		0.73
PER SHARE OF COMMON STOCK:
Cash Dividends	0.48		0.48			0.44		0.44		0.44
Shareholders’ Investment	$	14.50	$	14.16		$	12.91	$	14.85	$	13.10
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING (in 000’s)	46,366		47,172			48,965		49,677		49,668
DILUTED NUMBER OF SHARES OF COMMON STOCK OUTSTANDING (in 000’s)	46,436		47,172			49,909		50,409		50,064
OTHER DATA
SHAREHOLDERS’ INVESTMENT	$	672,434	$	667,938		$	631,970	$	737,943	$	650,577
LONG-TERM DEBT	225,000		225,000			225,000		225,000		—
CAPITAL LEASES	—		—			133		571		1,041
TOTAL ASSETS	1,449,706		1,447,551			1,608,231		1,666,218		1,690,057
PLANT AND EQUIPMENT	1,035,848		1,019,355			1,026,845		1,016,892		979,898
PLANT AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION	297,007		287,195			301,249		329,225		337,763
PROVISION FOR DEPRECIATION	47,190		52,290			60,297		59,920		62,999
EXPENDITURES FOR PLANT AND EQUIPMENT	60,371		44,878			49,573		59,919		44,443
WORKING CAPITAL	$	567,148	$	584,226		$	605,591	$	634,356	$	342,132
Current Ratio	2.9 to 1		3.1 to 1			3.0 to 1		2.8 to 1		1.6 to 1
NUMBER OF EMPLOYEES AT YEAR-END	5,695		5,980			6,321		6,716		6,362
NUMBER OF SHAREHOLDERS AT YEAR-END	2,815		3,153			3,184		3,289		3,453
QUOTED MARKET PRICE:
High	$	23.02	$	25.52		$	20.81	$	24.18	$	24.26
Low	$	18.21	$	16.20		$	12.36	$	16.50	$	12.89

(1) In fiscal 2014, the Company had goodwill and tradename impairment charges of $5.5 million after-tax, or $0.12 per diluted share, and restructuring charges of $5.2 million after-tax, or $0.11 per diluted share.

(2) In fiscal 2013, the Company had goodwill and tradename impairment charges of $62.0 million after-tax, or $1.30 per diluted share, restructuring charges of $15.5 million after-tax, or $0.33 per diluted share, and a litigation settlement of $1.2 million after-tax, or $0.03 per diluted share.

(3) In fiscal 2012, the Company had restructuring charges of $28.8 million after-tax, or $0.58 per diluted share.

(4) In fiscal 2011, the Company had a goodwill impairment charge of $34.3 million after-tax, or $0.68 per diluted share, restructuring charges of $2.2 million after-tax, or $0.04 per diluted share, and debt redemption costs of $2.4 million after-tax, or $0.05 per diluted share.

(5) In fiscal 2010, the Company had a litigation settlement of $18.7 million after-tax, or $0.37 per diluted share. Included in working capital as of June 27, 2010 was a Current Maturity of Long-Term Debt of $203.5 million.

17

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

FISCAL 2014 COMPARED TO FISCAL 2013

The following table is a reconciliation of financial results by segment, as reported, to adjusted financial results by segment, excluding restructuring actions, goodwill and tradename impairments, and a litigation settlement (in thousands, except per share data):

	For the fiscal year ended June
	2014 Reported			Adjustments(1)		2014 Adjusted(2)			2013 Reported			Adjustments(1)		2013 Adjusted(2)
NET SALES:
Engines	$	1,219,627		$	—	$	1,219,627		$	1,189,674		$	—	$	1,189,674
Products	736,312			—		736,312			805,450			—		805,450
Inter-Segment Eliminations	(96,879		)	—		(96,879		)	(132,626		)	—		(132,626		)
Total	$	1,859,060		$	—	$	1,859,060		$	1,862,498		$	—	$	1,862,498
GROSS PROFIT:
Engines	$	257,441		$	3,099	$	260,540		$	236,486		$	9,008	$	245,494
Products	87,682			2,742		90,424			87,392			9,753		97,145
Inter-Segment Eliminations	1,660			—		1,660			5,262			—		5,262
Total	$	346,783		$	5,841	$	352,624		$	329,140		$	18,761	$	347,901
INCOME (LOSS) FROM OPERATIONS:
Engines	$	72,213		$	3,524	$	75,737		$	59,093		$	14,320	$	73,413
Products	(27,615		)	11,475		(16,140		)	(104,918		)	99,833		(5,085		)
Inter-Segment Eliminations	1,660			—		1,660			5,262			—		5,262
Total	$	46,258		$	14,999	$	61,257		$	(40,563	)	$	114,153	$	73,590
INTEREST EXPENSE	(18,466		)	—		(18,466		)	(18,519		)	—		(18,519		)
OTHER INCOME, Net	9,342			—		9,342			6,941			—		6,941
Income (Loss) Before Income Taxes	37,134			14,999		52,133			(52,141		)	114,153		62,012
PROVISION (CREDIT) FOR INCOME TAXES	8,787			4,307		13,094			(18,484		)	—		(18,484		)
Net Income (Loss)	$	28,347		$	10,692	$	39,039		$	(33,657	)	$	114,153	$	80,496
EARNINGS (LOSS) PER SHARE
Basic	$	0.59		$	0.23	$	0.82		$	(0.73	)	$	1.66	$	0.93
Diluted	0.59			0.23		0.82			(0.73		)	1.66		0.93

(1) For the fiscal year ended June 29, 2014, includes restructuring charges of $6,539 net of $1,376 of taxes, and goodwill and tradename impairment charges of $8,460 net of $2,931 of taxes. For the fiscal year ended June 30, 2013, includes restructuring charges of $22,196 net of $6,669 of taxes, goodwill and tradename impairment charges of $90,080, of which $13,807 related to non-deductible goodwill for tax purposes with the remaining impairment generating a $28,116 tax benefit, and a litigation settlement of $1,877 net of $657 of taxes.

(2) Adjusted financial results are non-GAAP financial measures. The Company believes this information is meaningful to investors as it isolates the impact that restructuring charges, goodwill and tradename impairments, and litigation settlements have on reported financial results and facilitates comparisons between peer companies. The Company may utilize non-GAAP financial measures as a guide in the forecasting, budgeting, and long-term planning process. While the Company believes that adjusted financial results are useful supplemental information, such adjusted financial results are not intended to replace our GAAP financial results and should be read in conjunction with those GAAP results.

18

Net Sales

Consolidated net sales for fiscal 2014 were $1.9 billion, a decrease of $3.4 million or 0.2% from fiscal 2013, due to lower sales of generators and the engines that power them. The impact of fewer weather related events creating demand for generators and the related engines was an estimated sales decrease of $100 million for fiscal 2014. This decrease was offset by higher sales of engines used on U.S. lawn and garden equipment, increased sales of pressure washers and sales from Branco, which was acquired mid-year in fiscal 2013.

Engines segment net sales for fiscal 2014 were $1.2 billion, which was $30.0 million or 2.5% higher than the prior year. This increase in net sales was primarily driven by higher sales of engines used on U.S. lawn and garden equipment and related service parts and sales from Branco, which was acquired mid-year in fiscal 2013. The increase in net sales was partially offset by lower sales of engines used on generators due to the lack of storm activity during fiscal 2014.

Products segment net sales for fiscal 2014 were $736.3 million, a decrease of $69.1 million or 8.6% from the prior year. The decrease in net sales was primarily due to lower sales of standby and portable generators due to the lack of storm activity during fiscal 2014, lower replenishment of snow throwers in Europe following last year's dry winter, and unfavorable foreign exchange predominantly due to the Australian Dollar and Brazilian Real. The decrease in net sales was partially offset by higher sales of pressure washers and sales from Branco, which was acquired mid-year in fiscal 2013.

Gross Profit Percentage

The consolidated gross profit percentage was 18.7% in fiscal 2014, an increase of 1% from fiscal 2013.

Included in consolidated gross profit were pre-tax charges of $5.8 million during fiscal 2014 related to previously announced restructuring actions. The Engines segment and Products segment recorded $3.1 million and $2.7 million, respectively, of pre-tax restructuring charges within gross profit during fiscal 2014. During fiscal 2013, the Engines segment and Products segment recorded pre-tax restructuring charges within gross profit of $9.0 million and $9.8 million, respectively.

The Engines segment gross profit percentage for fiscal 2014 was 21.1%, which was higher than the 19.9% in fiscal 2013. Adjusted gross profit percentage for 2014 was 21.4%, which was 0.8% higher compared to fiscal 2013. The adjusted gross profit percentage increased due to a favorable sales mix, including the impact of new product introductions, and by 0.6% due to a 1% increase in manufacturing throughput with fixed cost absorption benefiting from a 14% increase in the production of large engines. Lower material costs were mostly offset by reduced pricing.

The Products segment gross profit percentage for fiscal 2014 was 11.9%, which was higher than the 10.9% in fiscal 2013. The Products segment adjusted gross profit percentage for fiscal 2014 was 12.3%, which was 0.2% higher compared to the adjusted gross profit percentage for fiscal 2013. The increase in adjusted gross profit percentage was primarily due to a 0.8% benefit from improved manufacturing efficiencies and incremental footprint restructuring savings of $1.6 million. The adjusted gross profit percentage also benefited from additional margin from a favorable mix of products sold. Partially offsetting the increase in adjusted gross profit percentage was an unfavorable foreign exchange impact of 0.6%.

Engineering, Selling, General and Administrative Expenses

Engineering, selling, general and administrative expenses were $291.4 million in fiscal 2014, an increase of $15.2 million or 5.5% from fiscal 2013.

The Engines segment engineering, selling, general and administrative expenses were $184.8 million in fiscal 2014, or $10.8 million higher compared to fiscal 2013. The increase was primarily due to increased international sales and marketing expenses, research and development costs, corporate development and legal expenses, additional expenses from Branco, and higher compensation costs, partially offset by lower retirement plan expenses.

19

The Products segment engineering, selling, general and administrative expenses were $106.6 million in fiscal 2014, an increase of $4.4 million from fiscal 2013. The increase was primarily attributable to additional expenses from Branco and higher advertising costs related to new product launches, partially offset by favorable foreign exchange.

Other Intangible Asset Impairment

During the fourth quarter of fiscal 2014, the Company performed its annual impairment testing of other intangible assets. Based on a combination of factors, predominantly driven by a slower than anticipated recovery of the North America lawn and garden market and the operating results of the Products segment during the previous year leading up to the impairment which lacked the benefit of certain weather related events that would have been favorable to the business, the Company’s forecasted cash flow estimates used in the assessment of goodwill and other intangible assets were adversely impacted. The Company concluded that the carrying value of a tradename within the Products reporting unit exceeded its fair value as of June 29, 2014. The non-cash intangible asset impairment charge recorded in the fourth quarter of fiscal 2014 was $5.5 million. The impairment charge did not adversely affect the Company’s debt position, cash flow, liquidity or compliance with financial covenants under its revolving credit facility. No impairment charges were recorded within the Engines segment.

Restructuring Actions

The restructuring actions that were in progress at the beginning of fiscal 2014 have concluded as planned. These restructuring actions resulted in pre-tax restructuring costs for the fourth quarter and twelve months ended June 29, 2014 of $1.4 million and $6.5 million, respectively. Incremental pre-tax restructuring savings for fiscal 2014 were $2.5 million.

Subsequent to fiscal 2014, the Company announced further restructuring actions to narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products segment manufacturing facilities in order to reduce costs. The Company will continue to focus on premium residential products through its Snapper and Simplicity brands and commercial products through its Snapper Pro and Ferris brands. The Company will close its McDonough, Georgia location and consolidate production into existing facilities in Wisconsin and New York. The Company anticipates total restructuring charges related to these actions to be approximately $30 to $37 million, including non-cash write-downs of approximately $15 to $20 million, to be recorded during fiscal 2015. Total cash costs related to these actions are anticipated to be approximately $15 to $17 million, with the majority of the cash costs being incurred in fiscal 2015. 

Pending Acquisition

On August 14, 2014, the Company announced that it signed a definitive agreement to acquire Allmand Bros., Inc. for approximately $62 million in cash, subject to customary due diligence and working capital adjustments. Founded in 1938 and based in Holdrege, Nebraska, Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters and solar LED arrow boards. This transaction is expected to close in the first quarter of fiscal 2015.

Interest Expense

Interest expense for fiscal 2014 was $18.5 million, which was comparable to fiscal 2013.

Provision for Income Taxes

The effective tax rate for fiscal 2014 was 23.7% compared to 35.6% for the same period last year. The tax rate for fiscal 2014 was mainly impacted by a taxpayer election which provided the Company a previously unavailable tax benefit of $2.9 million as well as a U.S. manufacturers deduction of $1.8 million. The tax rate for fiscal 2013 was primarily driven by tax benefits related to foreign operations of $2.4 million and state credits of $2.0 million with an offsetting $5.6 million non-deductible goodwill impairment charge. 

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FISCAL 2013 COMPARED TO FISCAL 2012

The following table is a reconciliation of financial results by segment, as reported, to adjusted financial results by segment, excluding restructuring actions, goodwill and tradename impairments, and a litigation settlement (in thousands, except per share data):

	For the fiscal year ended June
	2013 Reported			Adjustments(1)		2013 Adjusted(2)			2012 Reported			Adjustments(1)		2012 Adjusted(2)
NET SALES:
Engines	$	1,189,674		$	—	$	1,189,674		$	1,309,942		$	—	$	1,309,942
Products	805,450			—		805,450			952,110			—		952,110
Inter-Segment Eliminations	(132,626		)	—		(132,626		)	(195,519		)	—		(195,519		)
Total	$	1,862,498		$	—	$	1,862,498		$	2,066,533		$	—	$	2,066,533
GROSS PROFIT:
Engines	$	236,486		$	9,008	$	245,494		$	250,323		$	14,257	$	264,580
Products	87,392			9,753		97,145			86,193			30,503		116,696
Inter-Segment Eliminations	5,262			—		5,262			209			—		209
Total	$	329,140		$	18,761	$	347,901		$	336,725		$	44,760	$	381,485
INCOME (LOSS) FROM OPERATIONS:
Engines	$	59,093		$	14,320	$	73,413		$	66,559		$	18,314	$	84,873
Products	(104,918		)	99,833		(5,085		)	(25,531		)	31,553		6,022
Inter-Segment Eliminations	5,262			—		5,262			209			—		209
Total	$	(40,563	)	$	114,153	$	73,590		$	41,237		$	49,867	$	91,104
INTEREST EXPENSE	(18,519		)	—		(18,519		)	(18,542		)	—		(18,542		)
OTHER INCOME, Net	6,941			—		6,941			7,178			—		7,178
Income (Loss) Before Income Taxes	(52,141		)	114,153		62,012			29,873			49,867		79,740
PROVISION (CREDIT) FOR INCOME TAXES	(18,484		)	35,442		16,958			867			21,062		21,929
Net Income (Loss)	$	(33,657	)	$	78,711	$	45,054		$	29,006		$	28,805	$	57,811
EARNINGS (LOSS) PER SHARE
Basic	$	(0.73	)	$	1.66	$	0.93		$	0.58		$	0.60	$	1.17
Diluted	(0.73		)	1.66		0.93			0.57			0.58		1.15

(1) For the fiscal year ended June 30, 2013, includes restructuring charges of $22,196 net of $6,669 of taxes, goodwill and tradename impairment charges of $90,080, of which $13,807 related to non-deductible goodwill for tax purposes with the remaining impairment generating a $28,116 tax benefit, and a litigation settlement of $1,877 net of $657 of taxes. For the fiscal year ended July 1, 2012, includes restructuring charges of $49,867 net of $21,062 of taxes.

(2) Adjusted financial results are non-GAAP financial measures. The Company believes this information is meaningful to investors as it isolates the impact that restructuring charges, goodwill and tradename impairments, and litigation settlements have on reported financial results and facilitates comparisons between peer companies. The Company may utilize non-GAAP financial measures as a guide in the forecasting, budgeting, and long-term planning process. While the Company believes that adjusted financial results are useful supplemental information, such adjusted financial results are not intended to replace our GAAP financial results and should be read in conjunction with those GAAP results.

Net Sales

Consolidated net sales for fiscal 2013 were $1.9 billion, a decrease of $204.0 million or 9.9% when compared to fiscal 2012.

Engines segment net sales for fiscal 2013 were $1.2 billion, which was $120.3 million or 9.2% lower than the prior year. This decrease in net sales was primarily driven by reduced shipments of engines used on walk, ride and snow equipment in the North American market as well as lower sales to OEM customers for the

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European and Australasian markets. Shipments to European markets decreased due to macroeconomic issues and unfavorable weather conditions. Shipments to Australasian markets decreased due to a significant lack of rainfall in highly populated areas. In addition, sales were lower in fiscal 2013 as compared to fiscal 2012 due to an unfavorable mix of engines sold that reflected proportionately lower sales of large engines and unfavorable foreign exchange of $11.6 million primarily related to the Euro.

Products segment net sales for fiscal 2013 were $805.5 million, a decrease of $146.7 million or 15.4% from the prior year. Approximately $90 million of the net sales decrease resulted from our decision to exit the sale of lawn and garden equipment through national mass retailers. The remaining decrease was primarily due to lower sales volumes of snow equipment due to significantly below average snowfall in North America and reduced sales of lawn and garden equipment resulting from drought conditions in the United States and Australasia. The decrease in net sales was partially offset by higher shipments of portable and standby generators in the North American market.

Gross Profit Percentage

The consolidated gross profit percentage was 17.7% in fiscal 2013, up from 16.3% in fiscal 2012.

Included in consolidated gross profit were pre-tax charges of $18.8 million during fiscal 2013 related to previously announced restructuring actions to close the Ostrava, Czech Republic and Newbern, Tennesee manufacturing facilities and the Auburn, Alabama plant consolidation. The Engines segment and Products segment recorded $9.0 million and $9.8 million, respectively, of pre-tax restructuring charges within gross profit during fiscal 2013. During fiscal 2012, the Engines segment and Products segment recorded pre-tax restructuring charges within gross profit of $14.3 million and $30.5 million, respectively.

The Engines segment gross profit percentage for fiscal 2013 was 19.9%, which was slightly higher than the 19.1% in fiscal 2012. Adjusted gross profit percentage for 2013 was 20.6%, which was 0.4% higher compared to fiscal 2012. The adjusted gross profit percentage was favorably impacted by 1.5% due to lower manufacturing costs achieved through restructuring savings of $10.9 million and start-up costs incurred in fiscal 2012 associated with launching our phase III emissions compliant engines. Partially offsetting this improvement was a 9% reduction in engines built in fiscal 2013, which reduced absorption of fixed manufacturing costs and lowered the adjusted gross profit percentage by 1.3%. Lower material costs were mostly offset by reduced pricing, unfavorable foreign exchange and an unfavorable mix of engines sold.

The Products segment gross profit percentage for fiscal 2013 was 10.9%, which was higher than the 9.1% in fiscal 2012. The Products segment adjusted gross profit percentage for fiscal 2013 was 12.1%, which was 0.2% lower compared to the adjusted gross profit percentage for fiscal 2012. The adjusted gross profit percentage decreased by 3.1% due to unfavorable absorption associated with a 15% decrease in production volume. The McDonough, Georgia manufacturing facility shutdown days increased by nearly six weeks in fiscal 2013 compared to the prior year. This enabled the Products segment to achieve a reduction in inventory levels despite the challenge of reduced sales volumes caused by lower market demand. The unfavorable volume impact on gross profit percentage was partially offset by a 2.3% benefit due to achieving restructuring cost savings of $13.6 million and other efficiency improvements. The addition of sales from the Branco acquisition and favorable foreign exchange, primarily due to the Australian dollar, also increased the gross margin percentage in fiscal 2013.

Engineering, Selling, General and Administrative Expenses

Engineering, selling, general and administrative expenses were $276.2 million in fiscal 2013, a decrease of $14.2 million or 4.9% from fiscal 2012.

The Engines segment engineering, selling, general and administrative expenses were $174.0 million in fiscal 2013, or $5.7 million lower compared to fiscal 2012. The decrease was primarily due to lower compensation costs of $8.4 million as a result of the previously announced reduction of 10% of the global salaried workforce and reduced selling costs in response to the softness in the global markets, partially offset by $2.8 million of increased pension expense compared to the same period last year. The fiscal 2013 engineering, selling, general and administrative expenses include a $1.9 million litigation settlement charge associated with a

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horsepower labeling case in Canada. The litigation charge is excluded from the Engine segment's adjusted income from operations.

The Products segment engineering, selling, general and administrative expenses were $102.2 million in fiscal 2013, a decrease of $8.4 million from fiscal 2012. The decrease was attributable to lower compensation costs which include a $2.5 million benefit from the global salaried employee reduction as well as reduced selling expenses in response to the softness in the global markets. These reductions were partially offset by the addition of expenses related to the Branco acquisition.

Goodwill and Other Intangible Asset Impairment

During the fourth quarter of fiscal 2013, the Company performed its annual impairment testing of goodwill and other intangible assets. Based on a combination of factors, predominantly driven by a slower than anticipated recovery of the North America lawn and garden market, the Company’s forecasted cash flow estimates used in the assessment of goodwill and other intangible assets were adversely impacted. As a result, the Company concluded that the carrying value amounts of the Products reporting unit exceeded its fair value as of June 30, 2013. The non-cash goodwill impairment charge recorded in the fourth quarter of fiscal 2013 was $71.3 million. In addition, the Company concluded that the carrying value amounts of a tradename within the Products reporting unit exceeded its fair value as of June 30, 2013. The non-cash intangible asset impairment charge recorded in the fourth quarter of fiscal 2013 was $18.8 million. The impairment charge did not adversely affect the Company’s debt position, cash flow, liquidity or compliance with financial covenants under its revolving credit facility. No impairment charges were recorded within the Engines segment.

Restructuring Actions

In fiscal 2013, the Company made progress against its previously announced restructuring actions, including the sale of its Ostrava, Czech Republic manufacturing facility. Also in fiscal 2013, the Company announced changes to its defined benefit pension plan that included freezing accruals for all non-bargaining employees within the pension plan effective January 1, 2014. This plan change resulted in the Company recognizing a pre-tax curtailment charge of $1.9 million in fiscal 2013. Pre-tax restructuring costs for fiscal 2013 were $22.2 million.

Interest Expense

Interest expense for fiscal 2013 was $18.5 million, which was comparable to fiscal 2012.

Provision for Income Taxes

The effective tax rate for fiscal 2013 was 35.5% compared to 2.9% for fiscal 2012. The increase in the effective tax rate for fiscal 2013 compared to fiscal 2012 was primarily due to a net benefit of $5.6 million associated with restructuring charges incurred in connection with closing the Company's Ostrava manufacturing facility, a net benefit of $5.1 million due to the expiration of a non-U.S. statute of limitation period during fiscal 2012, and an additional tax expense of $5.6 million for a non-cash goodwill impairment charge in fiscal 2013.

Liquidity and Capital Resources

FISCAL YEARS 2014, 2013 AND 2012

Net cash provided by operating activities was $127 million, $161 million and $66 million in fiscal 2014, 2013 and 2012, respectively.

Cash flows provided by operating activities for fiscal 2014 were $127 million compared to $161 million in fiscal 2013. The decrease in operating cash flows was primarily related to changes in working capital as higher fourth quarter sales in fiscal 2014 led to a larger accounts receivable balance year over year. The change was partially offset by no contributions to the pension plan in fiscal 2014 compared to $29.4 million in contributions in fiscal 2013.

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Cash flows provided by operating activities for fiscal 2013 were $161 million compared to $66 million in fiscal 2012. The improvement in operating cash flows was primarily related to lower working capital needs in fiscal 2013 associated with lower levels of accounts receivable and inventory compared to fiscal 2012.

Net cash used in investing activities was $60 million, $92 million and $51 million in fiscal 2014, 2013 and 2012, respectively. These cash flows include capital expenditures of $60 million, $45 million and $50 million in fiscal 2014, 2013 and 2012, respectively. The capital expenditures related primarily to reinvestment in equipment, capacity additions and new products. Further, in fiscal 2013, approximately $60 million of cash was used for the acquisition of Branco and approximately $12.5 million was received from dispositions of plant and equipment.

Net cash used in financing activities was $62 million, $36 million and $63 million in fiscal 2014, 2013 and 2012, respectively. In fiscal 2014, the Company repurchased treasury stock at a total cost of $43 million compared to $30 million and $39 million stock repurchases in fiscal 2013 and 2012, respectively. In fiscal 2014, the Company received proceeds of $5 million from the exercise of stock options and made repayments totaling $0.3 million on short-term loans. Also in fiscal 2014, as disclosed in Note 11 of the Notes to Consolidated Financial Statements, the Company incurred $0.9 million of debt issuance costs associated with the refinancing of its revolving credit facility. In fiscal 2013, the Company received proceeds of $20 million from the exercise of stock options and made repayments totaling $3 million on short-term loans. In fiscal 2012, as disclosed in Note 11 of the Notes to Consolidated Financial Statements, the Company incurred $2 million of debt issuance costs associated with the refinancing of its revolving credit facility. The Company paid cash dividends on its common stock of $23 million, $23 million, and $22 million in fiscal 2014, 2013 and 2012, respectively.

Given the Company's international operations, a portion of the Company's cash and cash equivalents are held in non-U.S. subsidiaries where its undistributed earnings are considered to be permanently reinvested. Generally, these would be subject to U.S. tax if repatriated. As of June 29, 2014, approximately $53 million of the Company's $195 million of cash and cash equivalents was held in non-U.S. subsidiaries.

Future Liquidity and Capital Resources

In December 2010, the Company issued $225 million aggregate principal amount of 6.875% Senior Notes due December 2020 (the "Senior Notes"). Net proceeds were primarily used to redeem the remaining outstanding principal of the 8.875% Senior Notes due March 2011.

On October 13, 2011, the Company entered into a $500 million multicurrency credit agreement (the “Revolver”). The Revolver had a term of five years and all outstanding borrowings on the Revolver were due and payable on October 13, 2016. 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 Revolver is $500 million. Availability under the Revolver is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the Revolver by up to $250 million if certain conditions are satisfied. There were no borrowings under the Revolver as of June 29, 2014 and June 30, 2013.

In August 2012, the Company announced that its Board of Directors declared an increase in the quarterly dividend from $0.11 per share to $0.12 per share on the Company's common stock, payable on or after October 1, 2012 to shareholders of record at the close of business on August 20, 2012. In August 2014, the Company announced that its Board of Directors declared an increase in the quarterly dividend from $0.12 per share to $0.125 per share on the Company's common stock, payable on or after October 1, 2014 to shareholders of record at the close of business on September 17, 2014.

In August 2011, the Board of Directors authorized up to $50 million in funds for use in a common share repurchase program with an original expiration of June 30, 2013. In August 2012, the Board of Directors of Briggs & Stratton authorized an additional $50 million in funds associated with the common share repurchase program and an extension of the expiration date to June 30, 2014. On January 22, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an extension of the expiration date to June 30, 2016. On August 13, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an expiration date of June 30, 2016. The common share repurchase program

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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 restrictive covenants. During fiscal 2014 the Company repurchased 2,100,499 shares on the open market at an average price of $20.49 per share as compared to 1,546,686 shares purchased on the open market at an average price of $19.63 per share during fiscal 2013.

The Company expects capital expenditures to be approximately $60 to $65 million in fiscal 2015. These anticipated expenditures reflect the Company's plans to continue to reinvest in efficient equipment and innovative new products.

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 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 in fiscal 2015. The Company may be required to make further contributions in future years depending on 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 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 the proceeds of 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 June 29, 2014, the Company was in compliance with these covenants.

Financial Strategy

Management believes that the value of the Company is enhanced if the capital invested in operations yields a cash return that is greater than the cost of capital. Consequently, management’s first priority is to reinvest capital into physical assets and products that maintain or grow the global cost leadership and market positions that the Company has achieved, and drive the economic value of the Company. Management’s next financial objective is to identify strategic acquisitions or alliances that may enhance revenues and provide a higher economic return. Finally, management believes that when capital cannot be invested for returns greater than the cost of capital, the Company should return capital to the capital providers through dividends and/or share repurchases.

Off-Balance Sheet Arrangements

The Company has no off-balance sheet arrangements or significant guarantees to third parties not fully recorded in our Consolidated Balance Sheets or fully disclosed in our Notes to Consolidated Financial Statements. The Company’s significant contractual obligations include our debt agreements and certain employee benefit plans.

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Contractual Obligations

A summary of the Company’s expected payments for significant contractual obligations as of June 29, 2014 is as follows (in thousands):

	Total		Fiscal 2015		Fiscal 2016-2017		Fiscal 2018-2019		Thereafter
Long-Term Debt	$	225,000	$	—	$	—	$	—	$	225,000
Interest on Long-Term Debt	100,548		15,469		30,938		30,938		23,203
Operating Leases	68,955		13,934		14,634		9,635		30,752
Purchase Obligations	52,353		51,932		421		—		—
Other Liabilities (a)	57,022		—		21,504		35,518		—
	$	503,878	$	81,335	$	67,497	$	76,091	$	278,955

(a) Includes an estimate of future expected funding requirements related to our pension plans. Any further funding requirements for pension plans beyond fiscal 2019 cannot be estimated at this time. Because their future cash outflows are uncertain, liabilities for unrecognized tax benefits and other sundry items are excluded from the table above.

Critical Accounting Policies

The Company’s critical accounting policies are more fully described in Note 2 and Note 17 of the Notes to Consolidated Financial Statements. As discussed in Note 2, the preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“GAAP”) 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 Company believes the following critical accounting policies represent the more significant judgments and estimates used in preparing the consolidated financial statements. There have been no material changes made to the Company’s critical accounting policies and estimates during the periods presented in the consolidated financial statements.

Goodwill and Other Intangible Assets

Goodwill represents the excess of purchase price over tangible and intangible assets acquired less liabilities assumed arising from business combinations. Goodwill is not amortized. The Company evaluates goodwill and other indefinite-lived intangible assets for impairment annually as of the end of the fourth fiscal quarter, or more frequently if events or circumstances indicate that the assets may be impaired, by applying a fair value based test and, if impairment occurs, the amount of impaired goodwill is written off immediately.

Goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is to identify a potential impairment by comparing the carrying values of each of the Company’s reporting units to their estimated fair values as of the test dates. The Company has determined that its reporting units are the same as its reportable segments, Engines and Products. The estimates of fair value of the reporting units are computed using an income approach. The income approach utilizes a multi-year forecast of estimated cash flows and a terminal value at the end of the cash flow period. The forecast period assumptions consist of internal projections that are based on the Company’s budget and long-range strategic plan. The discount rate used at the test date is the weighted-average cost of capital which reflects the overall level of inherent risk of the reporting unit and the rate of return an outside investor would expect to earn.

If the fair value of a reporting unit exceeds its book value, goodwill of the reporting unit is not deemed impaired and the second step of the impairment test is not performed. If the book value of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of impairment loss, if any. The second step of the goodwill impairment test compares the implied fair value of the reporting unit’s goodwill with the carrying amount of that goodwill. The implied fair value of goodwill is determined by allocating the estimated fair value of the reporting unit to the estimated fair value of its existing tangible assets and liabilities as well as existing identified intangible assets and previously unrecognized intangible assets in a manner similar to a purchase price allocation. The unallocated portion of the estimated

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fair value of the reporting unit is the implied fair value of goodwill. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess.

As discussed in Note 7 to the Consolidated Financial Statements, the Company performed the annual impairment test on its Engine and Products reporting units as of June 29, 2014. The impairment testing performed by the Company at June 29, 2014 indicated that the estimated fair value of the Engines reporting unit substantially exceeded its corresponding carrying amount, including recorded goodwill, and as such, no further impairment existed. The amount of goodwill recorded in the Products segment is not significant. The assumptions included in the impairment test require judgment, and changes to these inputs could impact the results of the calculation. Other than management’s internal projections of future cash flows, the primary assumptions used in the impairment test were the weighted-average cost of capital and long-term growth rates.

The methods of assessing fair value for goodwill and tradename impairment purposes require significant judgments to be made by management. Although the Company’s cash flow forecasts are based on assumptions that are considered reasonable by management and consistent with the plans and estimates management is using to operate the underlying businesses, there is significant judgment in determining the expected future cash flows attributable to these businesses.

The growth rates and gross profit margins used for the terminal value calculations and the discount rates of the respective reporting units as of June 29, 2014 were as follows:

	Terminal Growth Rate	Terminal Gross Profit Margin	Discount Rate
Engines	3.0%	27.5%	11.4%
Products	3.0%	18.6%	11.8%

Changes in such estimates or the application of alternative assumptions could produce significantly different results.

Tradenames are not amortized. If impairment occurs, the impaired amount of the tradename is written off immediately. For purposes of the tradename impairment analysis, the Company performs its assessment of fair value based on an income approach using the relief-from-royalty method. This methodology assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to exploit the related benefits of these types of assets. The Company determines the fair value of each tradename by applying a royalty rate to a projection of net sales discounted using a risk adjusted cost of capital. The Company believes the relief-from-royalty method to be an acceptable methodology due to its common use by valuation specialists in determining the fair value of intangible assets. Sales growth rates are determined after considering current and future economic conditions, recent sales trends, discussions with customers, planned timing of new product launches and many other variables. Each royalty rate is based on profitability of the business to which it relates and observed market royalty rates.

As discussed in Note 7 to the consolidated financial statements, the Company performed the annual impairment test on its indefinite-lived intangible assets as of June 29, 2014. The impairment testing performed by the Company at June 29, 2014 indicated that the estimated fair value of a tradename in the Products reporting unit did not exceed its corresponding carrying amount. Therefore, the Company recognized a $5.5 million non-cash impairment charge in the fourth quarter of fiscal 2014. In fiscal 2013, the Company recognized a $18.8 million non-cash impairment charge related to a tradename in the Products reporting unit. In fiscal 2012, no intangible assets were impaired. The assumptions included in the impairment test require judgment, and changes to these inputs could impact the results of the calculation.

Definite-lived intangible assets consist primarily of customer relationships and patents. These definite-lived intangible assets are amortized over their estimated useful lives and are subject to impairment testing if events or changes in circumstances indicate that an asset may be impaired.

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Income Taxes

The Company’s estimate of income taxes payable, deferred income taxes, tax contingencies and the effective tax rate is based on a complex analysis of many factors including interpretations of federal, state and foreign income tax laws, the difference between tax and financial reporting bases of assets and liabilities, estimates of amounts currently due or owed in various jurisdictions, and current accounting standards. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. We review and update our estimates on a quarterly basis as facts and circumstances change and actual results are known. In addition, federal, state and foreign taxing authorities periodically review the Company’s estimates and interpretation of income tax laws. Adjustments to the effective income tax rate and recorded tax related assets and liabilities may occur in future periods if actual results differ significantly from original estimates and interpretations.

Pension and Other Postretirement Plans

The pension benefit obligation and related pension expense or income are impacted by certain actuarial assumptions, including the discount rate and the expected rate of return on plan assets. These rates are evaluated on an annual basis considering such factors as market interest rates and historical asset performance, which is essential in the current volatile market. Actuarial valuations at June 29, 2014 used a discount rate of 4.40% and the determination of fiscal 2014 expense used an expected rate of return on plan assets of 8.25%. Our discount rate was selected using a methodology that matches plan cash flows with a selection of Standard and Poor’s AA or higher rated bonds, resulting in a discount rate that better matches a bond yield curve with comparable cash flows. A 0.25% decrease in the discount rate would decrease annual pension service and interest costs by approximately $1.1 million. A 0.25% decrease in the expected return on plan assets would increase our annual pension service and interest costs by approximately $2.2 million. In estimating the expected return on plan assets, the Company considers the historical returns on plan assets, adjusted for forward looking considerations, including inflation assumptions and active management of the plan’s invested assets, knowing that our investment performance has been in the top decile compared to other plans. Changes in the discount rate and return on assets can have a significant effect on the funded status of our pension plans, shareholders' investment and related expense. We cannot predict these changes in discount rates or investment returns and, therefore, cannot reasonably estimate whether the impact in subsequent years will be significant.

The funded status of the Company’s pension plan is the difference between the projected benefit obligation and the fair value of its plan assets. The projected benefit obligation is the actuarial present value of all benefits expected to be earned by the employees’ service adjusted for future potential wage increases. At June 29, 2014 and June 30, 2013, the fair value of plan assets was less than the projected benefit obligation by approximately $130 million and $153 million, respectively.

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 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 in fiscal 2015. The Company may be required to make further contributions in future years depending on the actual return on plan assets and the funded status of the plan in future periods.

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 froze accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in fiscal 2013 related to the defined benefit plan change.

The other postretirement benefits obligation and related expense or income are impacted by certain actuarial assumptions, including the health care trend rate. An increase of one percentage point in health care costs would increase the accumulated postretirement benefit obligation by $1.9 million and would increase the service and interest cost by $0.1 million. A corresponding decrease of one percentage point, would decrease

28

the accumulated postretirement benefit by $2.1 million and decrease the service and interest cost by $0.1 million.

For pension and postretirement benefits, actuarial gains and losses are accounted for in accordance with U.S. GAAP. Refer to Note 17 of the Notes to the Consolidated Financial Statements for additional discussion.

Other Reserves

The reserves for customer rebates, warranty, product liability, inventory and doubtful accounts are fact specific and take into account such factors as specific customer situations, historical experience, and current and expected economic conditions.

New Accounting Pronouncements

In May 2014, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, under either full or modified retrospective adoption. Early application is not permitted. Management is currently assessing the potential impact of this new accounting pronouncement on the Company's results of operations, financial position, and cash flow.

In February 2013, the FASB issued 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 are applied prospectively. The Company adopted ASU No. 2013-02 at the beginning of fiscal 2014, and the required disclosures are presented in Note 4 to the Consolidated Financial Statements. 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 did 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.

Other Matters

Labor Agreements

The Company has collective bargaining agreements with its unions. These collective bargaining agreements cover approximately 11% of the total employees as of June 29, 2014. These agreements expire at various times beginning in calendar 2016. 

Emissions

The United States Environmental Protection Agency (EPA), the California Air Resources Board (CARB), Canada and the European Union (EU) have adopted multiple stages of emission standards for small air cooled engines. The Company currently has product offerings that comply with those standards.

29

In addition, China has adopted emission standards which parallel those adopted by EPA and were phased in from 2011 to 2013. The Company has specific products that meet these standards and are certified for sale in China. Australia has announced that it will be adopting emission standards. These standards are generally expected to be based on the EPA standards, but a timetable for their adoption has not yet been published. The Company does not anticipate that compliance with either of these emission standards will have a material adverse effect on its financial position or operations as they are expected to be substantially similar to the existing standards adopted by EPA, CARB, Canada and the EU.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to market risk from changes in foreign exchange rates, commodity prices and interest rates. To reduce the risk from changes in certain foreign exchange rates, commodity prices and interest rates, the Company uses financial instruments. The Company does not hold or issue financial instruments for trading purposes.

Foreign Currency

The Company’s earnings are affected by fluctuations in the value of the U.S. Dollar against various currencies. The Company receives Euros for certain products sold to European customers and receives Canadian dollars for certain products sold to Canadian customers. The Yen is used to purchase engines from the Company's joint venture in Japan. The Company receives Mexican Pesos for certain products sold to the Company's subsidiary in Mexico. The Company's foreign subsidiaries’ earnings are also influenced by fluctuations of local currencies, including the Australian dollar, against the U.S. dollar as these subsidiaries purchase components and inventory from vendors and the parent in U.S. dollars. Forward foreign exchange contracts are used to partially hedge against the earnings effects of such fluctuations.

At June 29, 2014, the Company had the following forward foreign exchange contracts outstanding with the fair value (gains) losses shown (in thousands):

Hedge Currency	Notional Value	Fair Value		Conversion Currency	(Gain) Loss at Fair Value
Australian Dollar	19,904	$	18,586	U.S.	$	471
Canadian Dollar	3,100	$	2,899	U.S.	$	40
Euro	49,300	$	67,379	U.S.	$	(149	)
Japanese Yen	530,000	$	5,229	U.S.	$	(37	)
Mexican Peso	3,000	$	231	U.S.	$	—

Fluctuations in currency exchange rates may also impact the shareholders’ investment in the Company. Amounts invested in the Company's non-U.S. subsidiaries and joint ventures are translated into U.S. dollars at the exchange rates in effect at fiscal year-end. The resulting cumulative translation adjustments are recorded in Shareholders’ Investment as Accumulated Other Comprehensive Income (Loss). The cumulative translation adjustments component of Shareholders’ Investment increased $1.2 million during fiscal 2014. Using the year-end exchange rates, the total amount invested in non-U.S. subsidiaries on June 29, 2014 was approximately $201.1 million.

Commodity Prices

The Company is exposed to fluctuating market prices for commodities, including steel, natural gas, copper and aluminum. The Company has established programs to manage commodity price fluctuations through contracts that fix the price of certain commodities, some of which are financial derivative instruments. The maturities of these contracts coincide with the expected usage of the commodities for periods up to the next twenty-four months. At June 29, 2014 the Company had the following outstanding commodity derivative contracts with the fair value (gains) losses shown (in thousands):

Hedge Commodity	Notional Value	Fair Value		(Gain) Loss at Fair Value
Natural Gas (Therms)	5,686	$	5,676	$	10

30

Interest Rates

The Company is exposed to interest rate fluctuations on its borrowings, depending on general economic conditions. On June 29, 2014, long-term loans consisted of the following (in thousands):

Description	Amount		Maturity	Weighted Average Interest Rate
6.875% Senior Notes	$	225,000	December 2020	6.875%

The Senior Notes carry a fixed rate of interest and are therefore not subject to market fluctuation.

The Company is also exposed to interest rate risk associated with programs under which the Company shares the expense of financing certain dealer and distributor inventories through a third party financing source. The Company enters into interest rate swaps to manage a portion of this interest rate risk. 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% to 1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 to May 2019.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS	Page
Consolidated Balance Sheets, June 29, 2014 and June 30, 2013	32
For the Fiscal Years Ended June 29, 2014, June 30, 2013, and July 1, 2012:
Consolidated Statements of Operations	34
Consolidated Statements of Comprehensive Income (Loss)	35
Consolidated Statements of Shareholders' Investment	36
Consolidated Statements of Cash Flows	37
Notes to Consolidated Financial Statements	38
Reports of Independent Registered Public Accounting Firms	76
FINANCIAL STATEMENT SCHEDULES
Schedule II – Valuation and Qualifying Accounts	81

31

Consolidated Balance Sheets

AS OF JUNE 29, 2014 AND JUNE 30, 2013

(in thousands)

ASSETS	2014		2013
CURRENT ASSETS:
Cash and Cash Equivalents	$	194,668	$	188,445
Receivables, Less Reserves of $6,352 and $6,501, Respectively	220,590		190,800
Inventories:
Finished Products and Parts	268,116		306,104
Work in Process	102,431		96,751
Raw Materials	5,556		5,240
Total Inventories	376,103		408,095
Deferred Income Tax Asset	48,958		47,534
Prepaid Expenses and Other Current Assets	30,016		24,107
Total Current Assets	870,335		858,981
GOODWILL	144,522		147,352
INVESTMENTS	27,137		19,764
DEBT ISSUANCE COSTS, Net	4,671		4,710
OTHER INTANGIBLE ASSETS, Net	80,317		87,980
LONG-TERM DEFERRED INCOME TAX ASSET	15,178		27,544
OTHER LONG-TERM ASSETS, Net	10,539		14,025
PLANT AND EQUIPMENT:
Land and Land Improvements	16,173		15,947
Buildings	131,159		130,872
Machinery and Equipment	849,470		852,039
Construction in Progress	39,046		20,497
	1,035,848		1,019,355
Less - Accumulated Depreciation	738,841		732,160
Total Plant and Equipment, Net	297,007		287,195
	$	1,449,706	$	1,447,551

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

32

AS OF JUNE 29, 2014 AND JUNE 30, 2013

(in thousands, except per share data)

LIABILITIES AND SHAREHOLDERS’ INVESTMENT	2014			2013
CURRENT LIABILITIES:
Accounts Payable	$	169,271		$	143,189
Short-Term Debt	—			300
Accrued Liabilities:
Wages and Salaries	45,585			35,163
Warranty	27,066			26,167
Accrued Postretirement Health Care Obligation	13,882			16,344
Other	47,383			53,592
Total Accrued Liabilities	133,916			131,266
Total Current Liabilities	303,187			274,755
ACCRUED PENSION COST	126,529			150,131
ACCRUED EMPLOYEE BENEFITS	24,491			23,458
ACCRUED POSTRETIREMENT HEALTH CARE OBLIGATION	59,290			72,695
ACCRUED WARRANTY	17,678			18,871
OTHER LONG-TERM LIABILITIES	21,097			14,703
LONG-TERM DEBT	225,000			225,000
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ INVESTMENT:
Common Stock -     Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares	579			579
Additional Paid-In Capital	78,466			77,004
Retained Earnings	1,048,466			1,042,917
Accumulated Other Comprehensive Loss	(195,257		)	(224,928		)
Treasury Stock at Cost, 11,536 and 9,901 Shares, Respectively	(259,820		)	(227,634		)
Total Shareholders’ Investment	672,434			667,938
	$	1,449,706		$	1,447,551

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

33

Consolidated Statements of Operations

FOR THE FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

(in thousands, except per share data)

	2014			2013			2012
NET SALES	$	1,859,060		$	1,862,498		$	2,066,533
COST OF GOODS SOLD	1,506,436			1,514,597			1,685,048
RESTRUCTURING CHARGES	5,841			18,761			44,760
Gross Profit	346,783			329,140			336,725
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	291,367			276,188			290,381
RESTRUCTURING CHARGES	698			3,435			5,107
GOODWILL AND TRADENAME IMPAIRMENT	8,460			90,080			—
Income (Loss) from Operations	46,258			(40,563		)	41,237
INTEREST EXPENSE	(18,466		)	(18,519		)	(18,542		)
OTHER INCOME, Net	9,342			6,941			7,178
Income (Loss) Before Income Taxes	37,134			(52,141		)	29,873
PROVISION (CREDIT) FOR INCOME TAXES	8,787			(18,484		)	867
NET INCOME (LOSS)	$	28,347		$	(33,657	)	$	29,006
EARNINGS (LOSS) PER SHARE
Basic	$	0.59		$	(0.73	)	$	0.58
Diluted	$	0.59		$	(0.73	)	$	0.57
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	46,366			47,172			48,965
Diluted	46,436			47,172			49,909

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

34

Consolidated Statements of Comprehensive Income (Loss)

FOR THE FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

(in thousands)

	2014		2013			2012
Net Income (Loss)	$	28,347	$	(33,657	)	$	29,006
Other Comprehensive Income (Loss):
Cumulative Translation Adjustments	1,168		(617		)	(13,487		)
Unrealized Gain (Loss) on Derivative Instruments, Net of Tax Provision (Benefit) of $1,605, $2,428, and ($3,301), respectively	2,589		3,981			(5,411		)
Unrecognized Pension & Postretirement Obligation, Net of Tax Provision (Benefit) of $16,067, $57,591, and ($38,537), respectively	25,914		94,412			(60,308		)
Other Comprehensive Income (Loss)	29,671		97,776			(79,206		)
Total Comprehensive Income (Loss)	$	58,018	$	64,119		$	(50,200	)

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

35

Consolidated Statements of Shareholders’ Investment

FOR THE FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

(in thousands, except per share data)

	Common Stock		Additional Paid-In Capital			Retained Earnings			Accumulated Other Com- prehensive Income (Loss)			Treasury Stock			Total Shareholders' Investment
BALANCES, JULY 3, 2011	$	579	$	79,354		$	1,092,864		$	(243,498	)	$	(191,356	)	737,943
Net Income	—		—			29,006			—			—			29,006
Total Other Comprehensive Loss, Net of Tax	—		—			—			(79,206		)	—			(79,206		)
Cash Dividends Paid ($0.44 per share)	—		—			(22,011		)	—			—			(22,011		)
Stock Option Activity, Net of Tax	—		1,255			—			—			390			1,645
Restricted Stock	—		(2,901		)	—			—			2,739			(162		)
Amortization of Unearned Compensation	—		3,296			—			—			—			3,296
Deferred Stock	—		726			—			—			23			749
Shares Issued to Directors	—		(7		)	—			—			3			(4		)
Treasury Stock Purchases	—		—			—			—			(39,286		)	(39,286		)
BALANCES, JULY 1, 2012	$	579	$	81,723		$	1,099,859		$	(322,704	)	$	(227,487	)	$	631,970
Net Loss	—		—			(33,657		)	—			—			(33,657		)
Total Other Comprehensive Income, Net of Tax	—		—			—			97,776			—			97,776
Cash Dividends Paid ($0.48 per share)	—		—			(23,285		)	—			—			(23,285		)
Stock Option Activity, Net of Tax	—		(4,680		)	—			—			26,662			21,982
Restricted Stock	—		(3,127		)	—			—			2,893			(234		)
Amortization of Unearned Compensation	—		2,421			—			—			—			2,421
Deferred Stock	—		703			—			—			33			736
Shares Issued to Directors	—		(36		)	—			—			624			588
Treasury Stock Purchases	—		—			—			—			(30,359		)	(30,359		)
BALANCES, JUNE 30, 2013	$	579	$	77,004		$	1,042,917		$	(224,928	)	$	(227,634	)	$	667,938
Net Income	—		—			28,347			—			—			28,347
Total Other Comprehensive Income, Net of Tax	—		—			—			29,671			—			29,671
Cash Dividends Paid ($0.48 per share)	—		—			(22,798		)	—			—			(22,798		)
Stock Option Activity, Net of Tax	—		3,269			—			—			6,200			9,469
Restricted Stock	—		(3,322		)	—			—			2,423			(899		)
Amortization of Unearned Compensation	—		2,737			—			—			—			2,737
Deferred Stock	—		(1,188		)	—			—			1,474			286
Shares Issued to Directors	—		(34		)	—			—			764			730
Treasury Stock Purchases	—		—			—			—			(43,047		)	(43,047		)
BALANCES, JUNE 29, 2014	$	579	$	78,466		$	1,048,466		$	(195,257	)	$	(259,820	)	$	672,434

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

36

Consolidated Statements of Cash Flows

FOR THE FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

(in thousands)

	2014			2013			2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$	28,347		$	(33,657	)	$	29,006
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:
Depreciation and Amortization	50,343			55,752			63,714
Stock Compensation Expense	7,174			6,514			5,555
Goodwill and Tradename Impairment	8,460			90,080			—
Earnings of Unconsolidated Affiliates	(6,264		)	(4,244		)	(5,100		)
Dividends Received from Unconsolidated Affiliates	4,069			4,636			4,029
Loss on Disposition of Plant and Equipment	465			696			174
Provision (Credit) for Deferred Income Taxes	(5,396		)	(27,914		)	3,926
Cash Contributions to Qualified Pension Plans	—			(29,363		)	(28,746		)
Non-Cash Restructuring Charges	4,231			13,081			35,910
Change in Operating Assets and Liabilities:
Accounts Receivable	(29,211		)	42,121			6,195
Inventories	30,775			34,696			(20,693		)
Other Current Assets	(9,304		)	10,232			(6,945		)
Accounts Payable, Accrued Liabilities and Income Taxes	47,867			9,196			(9,755		)
Other, Net	(4,477		)	(11,013		)	(11,309		)
Net Cash Provided by Operating Activities	127,079			160,813			65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(60,371		)	(44,878		)	(49,573		)
Cash Paid for Acquisition, Net of Cash Acquired	—			(59,627		)	(2,673		)
Proceeds Received on Disposition of Plant and Equipment	628			12,492			1,457
Net Cash Used in Investing Activities	(59,743		)	(92,013		)	(50,789		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Repayments on Revolver	—			—			—
Repayments on Short-Term Debt	(300		)	(2,700		)	—
Debt Issuance Costs	(949		)	—			(2,007		)
Cash Dividends Paid	(22,697		)	(23,285		)	(22,011		)
Stock Option Exercise Proceeds and Tax Benefits	5,402			19,988			235
Treasury Stock Purchases	(43,047		)	(30,359		)	(39,287		)
Net Cash Used in Financing Activities	(61,591		)	(36,356		)	(63,070		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	478			(74		)	(5,666		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,223			32,370			(53,564		)
CASH AND CASH EQUIVALENTS:
Beginning of Year	188,445			156,075			209,639
End of Year	$	194,668		$	188,445		$	156,075
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest Paid	$	17,499		$	17,338		$	18,630
Income Taxes Paid (Refunded)	$	12,574		$	1,171		$	(2,388	)

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

37

Notes to Consolidated Financial Statements

FOR THE FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

(1) Nature of Operations:

Briggs & Stratton (the “Company”) is a U.S. based producer of air cooled gasoline engines and engine powered outdoor equipment. The Company’s Engines segment sells engines worldwide, primarily to original equipment manufacturers of lawn and garden equipment and other gasoline engine powered equipment. The Company’s Products segment designs, manufacturers and markets a wide range of outdoor power equipment and related accessories.

(2) Summary of Significant Accounting Policies:

Fiscal Year: The Company’s fiscal year consists of 52 or 53 weeks, ending on the Sunday nearest the last day of June in each year. The 2014, 2013 and 2012 fiscal years were each 52 weeks long. All references to years relate to fiscal years rather than calendar years.

Principles of Consolidation: The consolidated financial statements include the accounts of the Company and its majority owned domestic and foreign subsidiaries after elimination of intercompany accounts and transactions. Investments in companies for which we have significant influence are accounted for by the equity method.

Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Cash and Cash Equivalents: This caption includes cash, commercial paper and certificates of deposit. The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Receivables: Receivables are recorded at their original carrying value less reserves for estimated uncollectible accounts.

Inventories: Inventories are stated at cost, which does not exceed market. The last-in, first-out (LIFO) method was used for determining the cost of approximately 51% of total inventories at June 29, 2014 and 48% at June 30, 2013. The cost for the remaining inventories was determined using the first-in, first-out (FIFO) method. If the FIFO inventory valuation method had been used exclusively, inventories would have been $64.5 million and $62.1 million higher in fiscal 2014 and 2013, respectively. The LIFO inventory adjustment was determined on an overall basis, and accordingly, each class of inventory reflects an allocation based on the FIFO amounts.

Goodwill and Other Intangible Assets: Goodwill reflects the cost of acquisitions in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. The reporting units are Engines and Products. Other Intangible Assets reflect identifiable intangible assets that arose from purchase acquisitions. Other Intangible Assets are comprised of tradenames, patents and customer relationships. Goodwill and tradenames, which are considered to have indefinite lives, are not amortized; however, both must be tested for impairment at least annually. Amortization is recorded on a straight-line basis for other intangible assets with finite lives. Patents have been assigned an estimated weighted average useful life of 13 years. The customer relationships have been assigned an estimated useful life of 14 to 25 years. The Company is subject to financial statement risk in the event that goodwill and intangible assets become impaired.

The Company performed the required impairment tests in fiscal 2014, 2013 and 2012. The Company recorded non-cash goodwill impairment charges and non-cash intangible asset impairment charges in fiscal 2014 and 2013. There were no goodwill impairment charges or intangible asset impairment charges recorded in fiscal 2012. Refer to Note 7 for a discussion of the non-cash goodwill impairment charges and the non-cash intangible asset impairment charges recorded in fiscal 2014 and 2013.

38

Investments: This caption represents the Company’s investments in unconsolidated affiliated companies. Combined financial information of the unconsolidated affiliated companies accounted for by the equity method, generally on a lag of 3 months or less, was as follows (in thousands):

Results of operations of unconsolidated affiliated companies for the fiscal year (in thousands):

	2014		2013		2012
Results of Operations:
Sales	$	143,007	$	113,452	$	129,063
Cost of Goods Sold	116,158		92,844		103,254
Gross Profit	$	26,849	$	20,608	$	25,809
Net Income	$	13,653	$	8,057	$	9,751

Balance sheets of unconsolidated affiliated companies as of fiscal year-end (in thousands):

	2014		2013
Financial Position:
Assets:
Current Assets	$	76,811	$	45,355
Noncurrent Assets	28,106		15,527
	104,917		60,882
Liabilities:
Current Liabilities	$	22,990	$	12,989
Noncurrent Liabilities	1,779		2,900
	24,769		15,889
Equity	$	80,148	$	44,993

Net sales to equity method investees were approximately $18.7 million, $1.0 million and $1.8 million in 2014, 2013 and 2012, respectively. Purchases of finished products from equity method investees were approximately $102.4 million, $107.0 million and $119.6 million in 2014, 2013 and 2012, respectively.

During the third quarter of fiscal 2014, the Company joined with one of its independent distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture. As a result of the transaction, the Company recorded an investment of $6.5 million. The Company uses the equity method to account for this investment. Subsequent to fiscal 2014, a second independent distributor joined the venture.

Debt Issuance Costs: Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized to interest expense over the terms of the related credit agreements. Approximately $1.0 million, $1.0 million and $1.2 million of debt issuance costs and original issue discounts were amortized to interest expense during fiscal years 2014, 2013 and 2012, respectively.

Plant and Equipment and Depreciation: Plant and equipment are stated at historical cost. For financial reporting purposes, plant and equipment are depreciated primarily by the straight line method over the estimated useful lives of the assets which generally range from 3 to 10 years for software, from 20 to 40 years for land improvements, from 20 to 50 years for buildings, and 3 to 20 years for machinery and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for major renewals and betterments, which significantly extend the useful lives of existing plant and equipment, are capitalized and depreciated. Upon retirement or disposition of plant and equipment, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in cost of goods sold.

Depreciation expense was approximately $47.2 million, $52.3 million and $60.3 million during fiscal years 2014, 2013 and 2012, respectively.

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Impairment of Property, Plant and Equipment: Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the sum of the expected undiscounted cash flows is less than the carrying value of the related asset or group of assets, a loss is recognized for the difference between the fair value and carrying value of the asset or group of assets. Refer to Note 18 for impairments associated with restructuring actions.

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):

	2014			2013
Balance, Beginning of Period	$	45,037		$	46,012
Payments	(28,377		)	(26,173		)
Provision for Current Year Warranties	29,087			26,438
Changes in Estimates	(1,003		)	(1,240		)
Balance, End of Period	$	44,744		$	45,037

Revenue Recognition: Net sales include sales of engines, products, and related service parts and accessories, net of allowances for cash discounts, customer volume rebates and discounts, floor plan interest and advertising allowances. The Company recognizes revenue when all of the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable, and collectibility is reasonably assured. This is generally upon shipment, except for certain international shipments, where revenue is recognized when the customer receives the product.

Included in net sales are costs associated with programs under which the Company shares the expense of financing certain dealer and distributor inventories, referred to as floor plan expense. This represents interest for a pre-established length of time based on a variable rate from a contract with a third party financing source for dealer and distributor inventory purchases. Sharing the cost of these financing arrangements is used by Briggs & Stratton as a marketing incentive for customers to buy inventory. The financing costs included in net sales in fiscal 2014, 2013 and 2012 were $5.5 million, $6.3 million and $5.5 million, respectively.

The Company also offers a variety of customer rebates and sales incentives. The Company records estimates for rebates and incentives at the time of sale, as a reduction in net sales.

Income Taxes: The provision for income taxes includes federal, state and foreign income taxes currently payable and those deferred because of temporary differences between the financial statement and tax bases of assets and liabilities. The deferred income tax asset represents temporary differences relating to current assets and current liabilities, and the long-term deferred income tax asset represents temporary differences related to noncurrent assets and liabilities. A valuation allowance is recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized.

Retirement Plans: The Company has noncontributory, defined benefit retirement plans and postretirement benefit plans covering certain employees. Retirement benefits represent a form of deferred compensation, which are subject to change due to changes in assumptions. Management reviews underlying assumptions on an annual basis. Refer to Note 17.

Research and Development Costs: Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred and recorded in engineering, selling, general and administrative expenses within the Consolidated Statements of Operations. The amounts charged against income were $19.7 million, $18.5 million and $19.8 million in fiscal 2014, 2013 and 2012, respectively.

Advertising Costs: Advertising costs, included in Engineering, Selling, General and Administrative Expenses in the accompanying Consolidated Statements of Operations, are expensed as incurred. These expenses totaled $18.5 million in fiscal 2014, $17.7 million in fiscal 2013 and $22.3 million in fiscal 2012.

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Shipping and Handling Fees: Revenue received from shipping and handling fees is reflected in net sales and related shipping costs are recorded in cost of goods sold. Shipping fee revenue for fiscal 2014, 2013 and 2012 was $4.4 million, $4.9 million and $5.9 million, respectively.

Foreign Currency Translation: Foreign currency balance sheet accounts are translated into dollars at the rates of exchange in effect at fiscal year-end. Income and expenses incurred in a foreign currency are translated at the average rates of exchange in effect during the year. The related translation adjustments are made directly to a separate component of Shareholders’ Investment. During fiscal 2013, the Company recorded a charge of $4.2 million of foreign currency translation primarily recognized in connection with the substantial liquidation of the Company's investment in the Ostrava, Czech Republic entity, which was related to previously announced restructuring actions. Foreign currency transaction gains and losses are included in the results of operations in the period incurred. The Company recorded pre-tax foreign currency transaction losses of $3.9 million and $4.1 million during fiscal 2014 and 2013, respectively.

Earnings (Loss) Per Share: The Company computes earnings per share using the two-class method, an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company’s unvested grants of restricted stock and deferred stock awards contain non-forfeitable rights to dividends (whether paid or unpaid), which are required to be treated as participating securities and included in the computation of basic earnings per share.

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

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			July 1, 2012
Net Income (Loss)	$	28,347		$	(33,657	)	$	29,006
Less: Earnings Allocated to Participating Securities	(768		)	(605		)	(508		)
Net Income (Loss) available to Common Shareholders	$	27,579		$	(34,262	)	$	28,498
Average Shares of Common Stock Outstanding	46,366			47,172			48,965
Incremental Common Shares Applicable to Common Stock Options and Performance Shares Based on the Common Stock Average Market Price During the Period	70			—			—
Incremental Common Shares Applicable to Deferred and Restricted Common Stock Based on the Common Stock Average Market Price During the Period	—			—			944
Diluted Average Shares of Common Stock Outstanding	46,436			47,172			49,909
Basic Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.58
Diluted Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.57

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares, and their inclusion in the computation would be antidilutive:

	Fiscal Year Ended
	June 29, 2014		June 30, 2013		July 1, 2012
Options to Purchase Shares of Common Stock (in thousands)	916		1,590		3,679
Weighted Average Exercise Price of Options Excluded	$	29.62	$	34.13	$	27.71

As a result of the Company incurring a net loss for the fiscal year ended June 30, 2013, potential incremental common shares of 1,126,000 were excluded from the calculation of diluted earnings (loss) because the effect would have been anti-dilutive.

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Derivative Instruments & Hedging Activity: The Company enters into derivative contracts designated as cash flow hedges to manage certain interest rate, foreign currency and commodity exposures. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into derivative instruments for trading purposes where the sole objective is to generate profits.

The Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Derivative financial instruments are recorded on the Consolidated Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on derivatives designated as cash flow hedges are reported as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) and reclassified into earnings in the same 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.

(3) New Accounting Pronouncements:

In May 2014, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, under either full or modified retrospective adoption. Early application is not permitted. Management is currently assessing the potential impact of this new accounting pronouncement on the Company's results of operations, financial position, and cash flow.

In February 2013, the FASB issued 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 are applied prospectively. The Company adopted ASU No. 2013-02 at the beginning of fiscal 2014, and the required new disclosures are presented in Note 4. 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

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performing quantitative impairment testing. The amendments did 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.

(4) Accumulated Other Comprehensive Income (Loss):

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

	Fiscal Year Ended June 29, 2014
	Cumulative Translation Adjustments		Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,885	$	(3,673	)	$	(233,140	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	1,168		(4,797		)	13,951			10,322
Income Tax Benefit (Expense)	—		1,823			(5,316		)	(3,493		)
Net Other Comprehensive Income (Loss) Before Reclassifications	1,168		(2,974		)	8,635			6,829
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—		2,133			—			2,133
Realized (Gains) Losses - Commodity Contracts (1)	—		5,630			—			5,630
Realized (Gains) Losses - Interest Rate Swaps (1)	—		1,209			—			1,209
Amortization of Prior Service Costs (Credits) (2)	—		—			(2,715		)	(2,715		)
Amortization of Actuarial Losses (2)	—		—			30,632			30,632
Total Reclassifications Before Tax	—		8,972			27,917			36,889
Income Tax Expense (Benefit)	—		(3,409		)	(10,638		)	(14,047		)
Net Reclassifications	—		5,563			17,279			22,842
Other Comprehensive Income (Loss)	1,168		2,589			25,914			29,671
Ending Balance	$	13,053	$	(1,084	)	$	(207,226	)	$	(195,257	)

(1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

(2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

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	Fiscal Year Ended June 30, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	12,502		$	(7,654	)	$	(327,552	)	$	(322,704	)
Other Comprehensive Income (Loss) Before Reclassification	(617		)	(5,141		)	113,757			107,999
Income Tax Benefit (Expense)	—			2,005			(43,554		)	(41,549		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(617		)	(3,136		)	70,203			66,450
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			2,023			—			2,023
Realized (Gains) Losses - Commodity Contracts (1)	—			9,644			—			9,644
Realized (Gains) Losses - Interest Rate Swaps (1)	—			—			—			—
Transition Obligation (2)	—			—			7			7
Amortization of Prior Service Costs (Credits) (2)	—			—			(3,223		)	(3,223		)
Amortization of Actuarial Losses (2)	—			—			42,445			42,445
Total Reclassifications Before Tax	—			11,667			39,229			50,896
Income Tax Expense (Benefit)	—			(4,550		)	(15,020		)	(19,570		)
Net Reclassifications	—			7,117			24,209			31,326
Other Comprehensive Income (Loss)	(617		)	3,981			94,412			97,776
Ending Balance	$	11,885		$	(3,673	)	$	(233,140	)	$	(224,928	)

(1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

(2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

(5) 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 a 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. At June 30, 2013, 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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On August 14, 2014, the Company announced that it signed a definitive agreement to acquire Allmand Bros., Inc. for approximately $62.0 million in cash, subject to customary due diligence and working capital adjustments. Founded in 1938 and based in Holdrege, Nebraska, Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters and solar LED arrow boards. This transaction is expected to close in the first quarter of fiscal 2015.

(6) Fair Value:

Assets and Liabilities Measured at Fair Value:

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 June 29, 2014 and June 30, 2013 (in thousands):

			Fair Value Measurement Using
	June 29, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	431	$	—	$	431	$	—
Liabilities:
Derivatives	$	1,932	$	—	$	1,932	$	—

			Fair Value Measurement Using
	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.

Fair Value of Financial Instruments:

The Company believes that the carrying values of cash and cash equivalents, trade receivables, accounts payable and foreign lines of credit are reasonable estimates of their fair values at June 29, 2014 and June 30, 2013 due to the short-term nature of these instruments. The estimated fair value of the 6.875% Senior Notes due December 2020 is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the valuation hierarchy.

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The estimated fair market values of the Company’s Long-Term Debt is (in thousands):

	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-Term Debt
6.875% Senior Notes	$	225,000	$	251,438	$	225,000	$	250,875
Borrowings on Revolver	$	—	$	—	$	—	$	—

(7) Goodwill and Other Intangible Assets:

Goodwill reflects the cost of acquisitions in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. The reporting units are Engines and Products.

The changes in the carrying amount of goodwill for the fiscal years ended June 29, 2014 and June 30, 2013 are as follows (in thousands):

	Engines			Products			Total
Goodwill Balance at July 1, 2012	$	137,359		$	67,405		$	204,764
Impairment Loss	—			(71,310		)	(71,310		)
Acquisition	4,589			10,707			15,296
Effect of Translation	(1,011		)	(387		)	(1,398		)
Goodwill Balance at June 30, 2013	$	140,937		$	6,415		$	147,352
Impairment Loss	—			(2,960		)	(2,960		)
Acquisition	—			—			—
Effect of Translation	125			5			130
Goodwill Balance at June 29, 2014	$	141,062		$	3,460		$	144,522

At June 29, 2014, June 30, 2013 and July 1, 2012, accumulated goodwill impairment losses, as recorded in the Products segment, were $123.7 million, $120.8 million and $49.5 million respectively.

The Company evaluates goodwill for impairment at least annually as of the fiscal year-end or more frequently if events or circumstances indicate that the assets may be impaired. Goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is to compare the carrying values of each of the Company's reporting units to their estimated fair values as of the test dates. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered impaired. If the book value of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed, which compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount is in excess of the implied fair value, goodwill is considered to be impaired. The estimates of fair value of the reporting units are computed using an income approach. The income approach utilizes a multi-year forecast of estimated cash flows and a terminal value at the end of the cash flow period. The forecast period assumptions consist of internal projections that are based on the Company's budget and long-range strategic plan. The discount rate used at the test date is the weighted-average cost of capital which reflects the overall level of inherent risk of the reporting unit and the rate of return an outside investor would expect to earn. The fair value of goodwill is considered a non-recurring level 3 fair value measurement in accordance with ASC 820 Fair Value Measurement.

In fiscal 2013, the Company recorded a non-cash goodwill impairment charge of $71.3 million, which was determined by comparing the carrying value of the Products reporting unit goodwill with the implied fair value of goodwill for the reporting unit. Based on a combination of factors, predominantly driven by a slower than anticipated recovery of the North American lawn and garden market at that time and the operating results of the Products segment during the previous years leading up to the impairments which lacked the benefit of certain weather related events that would have been favorable to the business, the Company’s forecasted cash flow estimates used in the goodwill assessment as of June 30, 2013 were adversely impacted. As a

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result, the Company concluded that the carrying value amounts of the Products reporting unit exceeded its fair value as of June 30, 2013. The impairment charge was a non-cash expense that was recorded as a separate component of operating expenses. The impairment charge did not adversely affect the Company’s debt position, cash flow, liquidity or compliance with financial covenants under its revolving credit facility.

The Company’s other intangible assets as of June 29, 2014 and June 30, 2013 are as follows (in thousands):

	2014									2013
	Gross Carrying Amount			Accumulated Amortization			Net			Gross Carrying Amount			Accumulated Amortization			Net
Amortized Intangible Assets:
Patents	$	13,601		$	(11,167	)	$	2,434		$	13,601		$	(10,680	)	$	2,921
Customer Relationships	32,539			(8,610		)	23,929			32,539			(6,971		)	25,568
Effect of Translation	(991		)	(49		)	(1,040		)	(991		)	39			(952		)
Total Amortized Intangible Assets	45,149			(19,826		)	25,323			45,149			(17,612		)	27,537
Unamortized Intangible Assets:
Tradenames	55,016			—			55,016			60,516			—			60,516
Effect of Translation	(22		)	—			(22		)	(73		)	—			(73		)
Total Unamortized Intangible Assets	54,994			—			54,994			60,443			—			60,443
Total Intangible Assets	$	100,143		$	(19,826	)	$	80,317		$	105,592		$	(17,612	)	$	87,980

The Company also performs an impairment test of its indefinite-lived intangible assets as of the fiscal year-end or more frequently if events or circumstances indicate that the assets may be impaired. For purposes of the indefinite-lived intangible asset impairment analysis, the Company performs its assessment of fair value based on an income approach using the relief-from-royalty method. The Company determines the fair value of each tradename by applying a royalty rate to a projection of net sales discounted using a risk adjusted cost of capital. Sales growth rates are determined after considering current and future economic conditions, recent sales trends, discussions with customers, planned timing of new product launches and many other variables. Each royalty rate is based on profitability of the business to which it relates and observed market royalty rates. The fair value of indefinite-lived intangibles is considered a non-recurring level 3 fair value measurement in accordance with ASC 820 Fair Value Measurement.

In fiscal 2014 and fiscal 2013, the non-cash intangible asset impairment charge recorded was $5.5 million and $18.8 million, respectively. Based on a combination of factors, predominantly driven by a slower than anticipated recovery of the North American lawn and garden market at that time, the Company’s forecasted cash flow estimates used in the other intangible assets assessment as of June 29, 2014 and June 30, 2013 were adversely impacted. As a result, the Company concluded that the carrying value of a tradename within the Products reporting unit exceeded its fair value as of June 29, 2014 and June 30, 2013. The impairment charges did not adversely affect the Company’s debt position, cash flow, liquidity or compliance with financial covenants under its revolving credit facility. In fiscal 2012, the Company determined that no intangible asset impairment existed.

Amortization expense of other intangible assets amounted to approximately $2.2 million in 2014, $2.5 million in 2013, and $1.9 million in 2012.

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The estimated amortization expense of other intangible assets for the next five years is (in thousands):

2015	$	2,178
2016	2,178
2017	2,178
2018	2,178
2019	2,178
	$	10,890

(8) Income Taxes:

Components of income (loss) before income taxes consists of the following (in thousands):

	2014		2013			2012
U.S.	$	30,291	$	(58,625	)	$	28,053
Foreign	6,843		6,484			1,820
Total	$	37,134	$	(52,141	)	$	29,873

The provision (credit) for income taxes consists of the following (in thousands):

	2014			2013			2012
Current
Federal	$	9,725		$	10,377		$	(8,711	)
State	733			(1,870		)	430
Foreign	3,725			923			5,222
	14,183			9,430			(3,059		)
Deferred	(5,396		)	(27,914		)	3,926
	$	8,787		$	(18,484	)	$	867

A reconciliation of the U.S. statutory tax rates to the effective tax rates on income follows:

	2014		2013		2012
U.S. Statutory Rate	35.0	%	35.0	%	35.0	%
State Taxes, Net of Federal Tax Benefit	2.0	%	1.1	%	1.8	%
Impact of Foreign Operations and Tax Rates	0.7	%	5.3	%	4.2	%
Impact of Dividends Received	(0.8	)%	1.1	%	(2.2	)%
Changes to Unrecognized Tax Benefits	1.2	%	(0.5	)%	(16.0	)%
Impact of Restructuring Actions	—	%	(2.1	)%	(18.7	)%
Benefits on State Credits and NOL's, Net of Valuation Allowance	(0.4	)%	4.3	%	—	%
*Change in Accounting Method	(7.8	)%	—	%	—	%
**Other, Net	(6.2	)%	(8.7	)%	(1.2	)%
Effective Tax Rate	23.7	%	35.5	%	2.9	%

* "Change in Accounting Method" in fiscal 2014 relates to a taxpayer election filed in the current year, which provided the Company a tax benefit that was previously unavailable.

** “Other, Net” in fiscal 2014 includes (4.8)% for the impact of U.S. manufacturers deduction and (1.4)% for other items, and in fiscal 2013 includes (10.8)% for the impact of goodwill impairment and 2.1% for other items.

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The components of deferred income taxes were as follows (in thousands):

Current Asset (Liability):	2014			2013
Difference Between Book and Tax Related to:
Inventory	$	13,504		$	13,697
Payroll Related Accruals	4,741			3,870
Warranty Reserves	10,247			9,897
Workers Compensation Accruals	2,547			2,685
Other Accrued Liabilities	12,191			14,618
Pension Cost	—			746
Net Operating Loss/State Credit Carryforwards	585			4,608
Miscellaneous	5,143			(2,587		)
Deferred Income Tax Asset (Liability)	$	48,958		$	47,534
Long-Term Asset (Liability):
Difference Between Book and Tax Related to:
Pension Cost	$	25,272		$	35,663
Accumulated Depreciation	(45,397		)	(54,339		)
Intangibles	(43,062		)	(44,611		)
Accrued Employee Benefits	44,827			45,016
Postretirement Health Care Obligation	22,530			27,787
Warranty	6,718			7,227
Valuation Allowance	(15,241		)	(12,725		)
Net Operating Loss/State Credit Carryforwards	19,629			17,236
Miscellaneous	(98		)	6,290
Deferred Income Tax Asset (Liability)	$	15,178		$	27,544

Deferred tax assets were generated during the current year as a result of foreign income tax loss carryforwards in the amount of $2.7 million. At June 29, 2014, there are $3.7 million of foreign income tax loss carryforwards, consisting of $1.9 million which have no expiration date, and $1.8 million which will expire within the next 5 to 10 years. A deferred tax asset of $16.5 million exists at June 29, 2014 related to state income tax losses and state tax credit carryforwards. If not utilized against future taxable income, this amount will expire from 2015 through 2028. Realization of the deferred tax assets are contingent upon generating sufficient taxable income prior to expiration of these carryforwards. At June 29, 2014, a valuation allowance of $2.9 million is recorded for the foreign losses which the Company believes are unlikely to be realized in the future. In addition, a valuation allowance of $12.3 million is recorded related to state tax credits that are unlikely to be realized.

The Company does not record deferred income taxes applicable to undistributed earnings of foreign subsidiaries for which the Company intends to reinvest such earnings indefinitely outside of the U.S. The undistributed earnings amounted to approximately $65.9 million at June 29, 2014. If the Company were to distribute these earnings, foreign tax credits may become available under current law to reduce the resulting U.S. income tax. Determination of the amount of unrecognized deferred tax liability related to these earnings is not practicable.

49

The change to the gross unrecognized tax benefits of the Company during the fiscal year ended June 29, 2014 and June 30, 2013 is reconciled as follows:

Unrecognized Tax Benefits (in thousands):

	2014			2013			2012
Beginning Balance	$	6,949		$	6,717		12,040
Changes based on tax positions related to prior year	380			—			—
Additions based on tax positions related to current year	378			997			429
Settlements with taxing authorities	—			(39		)	(516		)
Lapse of statute of limitations	(50		)	(726		)	(5,236		)
Ending Balance	$	7,657		$	6,949		$	6,717

As of June 29, 2014, gross unrecognized tax benefits that, if recognized, would impact the effective tax rate were $6.5 million. Of that amount, there is a reasonable possibility that approximately $2.8 million of the current remaining unrecognized tax benefits may be recognized within the next twelve months due to the resolution of audits or expiration of statutes of limitations.

The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. The total expense (income) recognized for fiscal years 2014, 2013 and 2012 was $0.1 million, $0.2 million, and $(1.0) million, respectively.

As of June 29, 2014 and June 30, 2013, the Company had $1.2 million and $0.9 million, respectively, accrued for the payment of interest and penalties.

At June 29, 2014 and June 30, 2013, the liability for uncertain tax positions, inclusive of interest and penalties, was $8.8 million and $7.9 million, respectively, which is recorded as an other long-term liability within the Consolidated Balance Sheets.

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 various state and foreign jurisdictions. The Company is no longer subject to tax examinations before fiscal 2004 in its major foreign jurisdictions.

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(9) Segment and Geographic Information and Significant Customers:

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

	2014			2013			2012
NET SALES:
Engines	$	1,219,627		$	1,189,674		$	1,309,942
Products	736,312			805,450			952,110
Eliminations	(96,879		)	(132,626		)	(195,519		)
	$	1,859,060		$	1,862,498		$	2,066,533
GROSS PROFIT:
Engines	$	257,441		$	236,486		$	250,323
Products	87,682			87,392			86,193
Eliminations	1,660			5,262			209
	$	346,783		$	329,140		$	336,725
INCOME (LOSS) FROM OPERATIONS:
Engines	$	72,213		$	59,093		$	66,559
Products	(27,615		)	(104,918		)	(25,531		)
Eliminations	1,660			5,262			209
	$	46,258		$	(40,563	)	$	41,237
ASSETS:
Engines	$	1,048,416		$	1,013,204		$	1,120,065
Products	503,609			545,081			629,325
Eliminations	(102,319		)	(110,734		)	(141,159		)
	$	1,449,706		$	1,447,551		$	1,608,231
CAPITAL EXPENDITURES:
Engines	$	56,230		$	36,002		$	42,697
Products	4,141			8,876			6,876
	$	60,371		$	44,878		$	49,573
DEPRECIATION & AMORTIZATION:
Engines	$	39,456		$	42,349		$	45,647
Products	10,887			13,403			18,067
	$	50,343		$	55,752		$	63,714

Pre-tax restructuring charges impact on gross profit is as follows (in thousands):

	2014		2013		2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	3,099	$	9,008	$	14,257
Products	2,742		9,753		30,503
Total	$	5,841	$	18,761	$	44,760

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Pre-tax restructuring, goodwill and tradename impairment, and litigation settlement charges impact on income (loss) from operations is as follows (in thousands):

	2014		2013		2012
PRE-TAX RESTRUCTURING, GOODWILL & TRADENAME IMPAIRMENT AND LITIGATION SETTLEMENT CHARGES INCLUDED IN INCOME (LOSS) FROM OPERATIONS:
Engines	$	3,524	$	14,320	$	18,314
Products	11,475		99,833		31,553
Total	$	14,999	$	114,153	$	49,867

Information regarding the Company’s geographic sales based on product shipment destination (in thousands):

	2014		2013		2012
United States	$	1,293,558	$	1,304,964	$	1,440,955
All Other Countries	565,502		557,534		625,578
Total	$	1,859,060	$	1,862,498	$	2,066,533

Information regarding the Company’s net plant and equipment based on geographic location (in thousands):

	2014		2013		2012
United States	$	281,029	$	269,477	$	280,954
All Other Countries	15,978		17,718		20,295
Total	$	297,007	$	287,195	$	301,249

Sales to the following customers in the Company’s Engines segment amount to greater than or equal to 10% of consolidated net sales, respectively (in thousands):

	2014				2013				2012
Customer:	Net Sales		%		Net Sales		%		Net Sales		%
HOP	$	293,225	16	%	$	251,098	13	%	$	265,752	13	%
MTD	235,141		13	%	241,033		13	%	230,882		11	%
	$	528,366	29	%	$	492,131	26	%	$	496,634	24	%

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(10) Leases:

The Company leases certain facilities, vehicles, and equipment under operating leases. Operating leases are not capitalized and lease payments are expensed over the life of the lease. Terms of the leases, including purchase options, renewals, and maintenance costs, vary by lease. Rental expense for fiscal 2014, 2013 and 2012 was $20.1 million, $22.8 million and $22.4 million, respectively.

Future minimum lease commitments for all non-cancelable operating leases as of June 29, 2014 are as follows (in thousands):

Fiscal Year	Operating
2015	$	13,934
2016	8,228
2017	6,406
2018	5,549
2019	4,086
Thereafter	30,752
Total future minimum lease commitments	$	68,955

(11) Indebtedness:

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

	2014		2013
Multicurrency Credit Agreement	$	—	$	—
6.875% Senior Notes	225,000		225,000
Total Long-Term Debt	$	225,000	$	225,000

6.875% Senior Notes

On December 15, 2010, the Company issued $225 million of 6.875% Senior Notes due December 15, 2020 ("Senior Notes"). The net proceeds of the offering were primarily used to redeem the then outstanding principal of the 8.875% Senior Notes due March 15, 2011. In connection with the refinancing and the issuance of the Senior Notes, the Company incurred approximately $5.0 million in new debt issuance costs, which are being amortized over the life of the Senior Notes using the effective interest method. These amounts are included in interest expense in the Consolidated Statements of Operations.

Additionally, under the terms of the indentures and credit agreements governing the Senior Notes, Briggs & Stratton Power Products Group, LLC became a joint and several guarantor of amounts outstanding under the Senior Notes. Refer to Note 20 for subsidiary guarantor financial information.

Multicurrency Credit Agreement

On October 13, 2011, the Company entered into a $500 million multicurrency credit agreement (the “Revolver”). The Revolver had a term of five years and all outstanding borrowings on the Revolver were due and payable on October 13, 2016. 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 Revolver is $500 million. Availability under the Revolver is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the Revolver by up to $250 million if certain conditions are satisfied. In connection with the refinancing and the issuance of the Revolver in fiscal 2012, the Company incurred approximately $2.0 million  in new debt issuance costs, which are being amortized over the life of the Revolver using the straight-line method. In connection with the amendment to the Revolver in fiscal 2014, the Company incurred approximately $0.9 million in new debt issuance costs, which are being amortized over the life of the Revolver using the straight-line method. There were no borrowings under the Revolver as of June 29, 2014 and June 30, 2013.

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Borrowings under the Revolver by the Company bear interest at a rate per annum equal to, at its option, either:

(1) a 1, 2, 3 or 6 month LIBOR rate plus a margin varying from 1.25% to 2.25%, depending on the Company’s average net leverage ratio; or

(2) the higher of (a) the federal funds rate plus 0.50%; (b) the bank's prime rate; or (c) the Eurocurrency rate for a one-month interest period plus 1.00%. In addition, the Company is subject to a 0.18% to 0.38% commitment fee and a 1.25% to 2.25% letter of credit fee, depending on the Company’s average net leverage ratio.

The Revolver contains covenants that the Company considers usual and customary for an agreement of this type, including a maximum average leverage ratio and minimum interest coverage ratio. Certain of the Company’s subsidiaries are required to be guarantors of the Company’s obligations under the Revolver.

The Revolver and the 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 average leverage ratio.

Foreign Lines of Credit

The lines of credit available to the Company in foreign countries are in connection with short-term borrowings and bank overdrafts used in the normal course of business. These amounts totaled $4.0 million at June 29, 2014, and expire at various times throughout fiscal 2015 and beyond and are renewable. None of these arrangements had material commitment fees or compensating balance requirements. Borrowings using these lines of credit were included in short-term debt. Outstanding balances are as follows (in thousands):

	2014			2013
Balance at Fiscal Year-End	$	—		$	300
Weighted Average Interest Rate at Fiscal Year-End	—		%	3.86		%

(12) Other Income, Net:

The components of Other Income, Net are as follows (in thousands):

	2014		2013		2012
Interest Income	$	1,540	$	888	$	512
Equity in Earnings from Unconsolidated Affiliates	6,264		4,244		5,100
Other Items	1,538		1,809		1,566
Total	$	9,342	$	6,941	$	7,178

(13) Commitments and Contingencies:

The Company is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees.

On 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 similar 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 were based on various theories of Canadian law and sought unspecified damages. On June 27, 2013, the Company entered into a Canadian Lawnmower Class Action National Settlement Agreement (“Settlement”) that resolved all horsepower claims brought by all persons in

54

Canada who purchased lawn mowers in Canada during the class period (defined as January 1, 1994 through December 31, 2012), except certain specified persons. The Settlement was approved by the Ontario Court and the Quebec Court in September 2013, and all payments required by the Company have been made. As a result of the Settlement, the Company recorded a total charge of US $1.9 million as a litigation settlement expense on the Statement of Operations in the fourth quarter of fiscal year 2013.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended 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. 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. A class has been certified, and discovery has been concluded. Briefing on the Company’s and the retirees' summary judgment motions will occur soon. If the court denies the motions, a jury trial will be scheduled.

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) Stock Incentives:

The Company previously adopted an Incentive Compensation Plan, effective October 20, 2004, under which 4,000,000 shares of common stock (8,000,000 shares as a result of the fiscal 2005 2-for-1 stock split) were reserved for future issuance. An amendment to the Incentive Compensation Plan approved by shareholders on October 21, 2009, added 2,481,494 shares to the shares available for grant under the plan. Prior to October 20, 2004, the Company had a Stock Incentive Plan under which 5,361,935 shares of common stock were reserved for issuance. The adoption of the Incentive Compensation Plan reduced the number of shares available for future issuance under the Stock Incentive Plan to zero. However, as of June 29, 2014, there were 508,260 outstanding option awards granted under the Stock Incentive Plan that are or may become exercisable in the future. In accordance with the plans, the Company can issue eligible employees stock options, stock appreciation rights, restricted stock, deferred stock, performance shares and cash bonus awards subject to certain annual limitations. The plans also allow the Company to issue directors non-qualified stock options and directors’ fees in stock. Stock based compensation vests in accordance with the Plan but can become immediately exercisable upon eligible recipients' departure from the Company or upon reaching retirement age, subject to approval of the Compensation Committee.

Stock based compensation expense is calculated by estimating the fair value of incentive stock awards granted and amortizing the estimated value over the awards’ vesting periods. During fiscal 2014, 2013 and 2012, the Company recognized stock based compensation expense of approximately $7.2 million, $6.5 million and $5.6 million, respectively.

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On the grant date, the exercise price of each stock option issued exceeds the market value of the stock by 10%. The fair value of each option is estimated using the Black-Scholes option pricing model, and the assumptions are based on historical data and standard industry valuation practices and methodology. The assumptions used to determine fair value are as follows:

Options Granted During	2014			2013			2012
Grant Date Fair Value	$	5.19		$	4.83		$	3.96
(Since options are only granted once per year, the grant date fair value equals the weighted average grant date fair value.)
Assumptions:
Risk-free Interest Rate	1.6		%	0.7		%	1.0		%
Expected Volatility	41.3		%	43.9		%	43.2		%
Expected Dividend Yield	2.5		%	2.6		%	3.0		%
Expected Term (in Years)	5.0			5.0			5.0

Information on the options outstanding is as follows:

	Options		Wtd. Avg. Exercise Price		Wtd. Avg. Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Balance, July 3, 2011	4,721,190		$	26.38
Granted During the Year	465,350		16.20
Exercised During the Year	(15,870	)	14.83
Expired During the Year	(474,240	)	29.87
Balance, July 1, 2012	4,696,430		$	25.06
Granted During the Year	399,850		18.85
Exercised During the Year	(1,151,882	)	17.37
Expired During the Year	(573,130	)	30.81
Balance, June 30, 2013	3,371,268		$	25.97
Granted During the Year	407,860		20.82
Exercised During the Year	(273,394	)	19.76
Expired During the Year	(1,088,368	)	32.82
Balance, June 29, 2014	2,417,366		$	22.71	1.91	$	2,795
Exercisable, June 29, 2014	1,165,016		$	27.19	0.57	$	139

The total intrinsic value of options exercised during fiscal year 2014 was $0.6 million. The exercise of options resulted in cash receipts of $5.4 million in fiscal 2014. The total intrinsic value of options exercised during fiscal 2013 was $4.4 million. The exercise of options resulted in cash receipts of $20.0 million in fiscal 2013. The total intrinsic value of options exercised during fiscal 2012 was $0.1 million. The exercise of options resulted in cash receipts of $0.3 million in fiscal 2012.

Options Outstanding (as of June 29, 2014)
Fiscal Year	Grant Date	Date Exercisable	Expiration Date	Exercise Price		Options Outstanding
2005	8/13/2004	8/13/2007	8/13/2014	$	36.68	508,260
2010	8/18/2009	8/18/2012	8/31/2014	$	19.73	159,696
2011	8/17/2010	8/17/2013	8/31/2015	$	19.88	497,060
2012	8/16/2011	8/16/2014	8/31/2016	$	16.20	444,640
2013	8/14/2012	8/14/2015	8/31/2017	$	18.85	399,850
2014	8/20/2013	8/20/2016	8/31/2018	$	20.82	407,860

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Below is a summary of the status of the Company’s nonvested shares as of June 29, 2014, and changes during the year then ended:

	Deferred Stock				Restricted Stock				Stock Options				Performance Shares
	Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value
Nonvested shares, June 30, 2013	567,943		$	17.05	820,597		$	17.12	1,391,550		$	3.97	249,170		$	18.59
Granted	64,553		19.48		146,320		19.28		407,860		5.19		128,371		19.09
Cancelled	—		—		(9,386	)	17.51		—		—		(13,040	)	18.60
Vested	(206,978	)	14.48		(109,771	)	13.51		(547,060	)	5.24		—		—
Nonvested shares, June 29, 2014	425,518		$	18.67	847,760		$	17.96	1,252,350		$	4.64	364,501		$	18.77

As of June 29, 2014, there was $7.9 million of total unrecognized compensation cost related to nonvested share-based compensation. That cost is expected to be recognized over a weighted average period of 1.8 years. The total fair value of shares vested during fiscal 2014 and 2013 was $4.1 million and $5.8 million, respectively.

Under the plans, the Company has issued restricted stock to certain employees. During fiscal years 2014, 2013 and 2012, the Company issued 146,320, 134,830 and 111,890 shares, respectively. The restricted stock vests on the fifth anniversary date of the grant provided the recipient is still employed by the Company. The aggregate market value on the date of issue was approximately $2.8 million, $2.5 million and $1.7 million in fiscal 2014, 2013 and 2012, respectively, and has been recorded within the Shareholders’ Investment section of the Consolidated Balance Sheets, and is being amortized over the five-year vesting period.

Under the plans, the Company may also issue deferred stock to its directors in lieu of directors fees. The Company issued 35,433, 38,888 and 44,127 shares in fiscal 2014, 2013 and 2012, respectively, under this provision of the plans.

Under the plans, the Company may also issue deferred stock to its officers and key employees. The Company issued 29,120, 43,499 and 38,250 shares in fiscal 2014, 2013 and 2012, respectively, under this provision. The aggregate market value on the date of grant was approximately $0.6 million, $0.8 million and $0.6 million, respectively. Expense is recognized ratably over the five-year vesting period.

Under the plans, the Company issued performance shares to its officers and key employees. The Company issued 128,371, 121,230, and 127,940 performance shares under this provision in fiscal 2014, 2013, and 2012, respectively. A maximum of two shares of Briggs & Stratton common stock per performance share may be awarded to recipients if certain performance targets are met at the end of the vesting period. The aggregate market value on the date of issue was approximately $2.5 million, $2.4 million, and $2.2 million using the Monte Carlo simulation methodology of valuation in fiscal 2014, 2013, and 2012, respectively. Expense is recognized ratably over the three-year vesting period. The Monte-Carlo valuation model simulates a range of possible future stock prices for the Company and the components of a peer group to estimate the probability that a vesting condition will be achieved. In determining valuation assumptions for the Monte Carlo model, we consider historic and observable market data. Assumptions used in the Monte Carlo valuation model include the following:

Performance Shares Granted During	2014		2013		2012
Assumptions:
Risk-free Interest Rate	0.7	%	0.4	%	0.3	%
Expected Volatility	32.1	%	35.5	%	46.0	%
Expected Dividend Yield (Dividends are Assumed Reinvested)	—	%	—	%	—	%
Expected Term (in Years)	2.86		2.87		2.87

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The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense:

	2014			2013			2012
Stock Options:
Pretax compensation expense	$	2,065		$	1,964		$	1,760
Tax benefit	(791		)	(766		)	(686		)
Stock option expense, net of tax	$	1,274		$	1,198		$	1,074
Restricted Stock:
Pretax compensation expense	$	2,563		$	2,375		$	2,102
Tax benefit	(982		)	(926		)	(820		)
Restricted stock expense, net of tax	$	1,581		$	1,449		$	1,282
Deferred Stock:
Pretax compensation expense	$	685		$	475		$	534
Tax benefit	(252		)	(185		)	(208		)
Deferred stock expense, net of tax	$	433		$	290		$	326
Performance Shares:
Pretax compensation expense	$	1,861		$	1,700		$	1,159
Tax benefit	(713		)	(664		)	(452		)
Performance Share expense, net of tax	$	1,148		$	1,036		$	707
Total Stock-Based Compensation:
Pretax compensation expense	$	7,174		$	6,514		$	5,555
Tax benefit	(2,738		)	(2,541		)	(2,166		)
Total stock-based compensation, net of tax	$	4,436		$	3,973		$	3,389

(15) Shareholder Rights Agreement:

On August 6, 1996, the Board of Directors declared a dividend distribution of one common stock purchase right (a right) for each share of the Company's common stock outstanding on August 19, 1996. Each right would entitle shareowners to buy one-half of one share of the Company's common stock at an exercise price of $80.00 per full common share (equivalent to $40.00 for each one-half of one share of common stock), subject to adjustment. Pursuant to the rights agreement, in order for the rights to become exercisable, a person or group must acquire or attempt to acquire 20 percent or more of the Company's outstanding shares. Shareholders may vote to redeem the rights in certain circumstances, and the rights may be redeemed at a redemption price of $0.001 per right. On August 8, 2012, the Board of Directors amended the rights agreement to extend its term until October 21, 2015, subject to shareholder ratification; shareholders ratified the rights agreement at the Company's annual meeting on October 17, 2012.

(16) Derivative Instruments & Hedging Activities:

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% to 1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 to May 2019.

The Company periodically 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, Australian Dollars, Mexican Pesos, Canadian Dollars or Japanese Yen. 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

58

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 foreign currency and commodity derivative contracts and does not deem any counterparty credit risk material at this time.

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 June 29, 2014 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		June 29, 2014	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	19,904	6,392
Canadian Dollar	Sell	3,100	—
Euro	Sell	49,300	31,000
Japanese Yen	Buy	530,000	905,000
Mexican Peso	Sell	3,000	3,345
Commodity:
Aluminum (Metric Tons)	Buy	—	18
Natural Gas (Therms)	Buy	5,686	5,423

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

Balance Sheet Location	Asset (Liability) Fair Value
	June 29, 2014			June 30, 2013
Interest rate contracts:
Other Long-Term Assets, Net	$	43		$	257
Other Long-Term Liabilities	(1,209		)	(1,020		)
Foreign currency contracts:
Other Current Assets	337			1,752
Other Long-Term Assets, Net	12			—
Accrued Liabilities	(665		)	(1,138		)
Other Long-Term Liabilities	(9		)	—
Commodity contracts:
Other Current Assets	39			—
Accrued Liabilities	(35		)	(3,250		)
Other Long-Term Liabilities	(14		)	(5		)
	$	(1,501	)	$	(3,404	)

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The effect of derivatives designated as hedging instruments on the Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Twelve months ended June 29, 2014
	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	$	(254	)	Net Sales	$	(1,209	)	$	—
Foreign currency contracts – sell	(717		)	Net Sales	(1,024		)	—
Foreign currency contracts – buy	182			Cost of Goods Sold	(1,109		)	—
Commodity contracts	3,378			Cost of Goods Sold	(5,630		)	—
	$	2,589			$	(8,972	)	$	—

	Twelve months ended June 30, 2013
	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	$	962		Net Sales	$	—		$	—
Foreign currency contracts – sell	102			Net Sales	(55		)	—
Foreign currency contracts – buy	(177		)	Cost of Goods Sold	(1,968		)	—
Commodity contracts	3,094			Cost of Goods Sold	(9,644		)
	$	3,981			$	(11,667	)	$	—

	Twelve months ended July 1, 2012
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on  Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective  Portion)
Interest rate contracts	$	(1,428	)	Net Sales	$	—		$	—
Foreign currency contracts – sell	1,553			Net Sales	4,031			—
Foreign currency contracts – buy	11			Cost of Goods Sold	132			—
Commodity contracts	(5,547		)	Cost of Goods Sold	(7,292		)	6
	$	(5,411	)		$	(3,129	)	$	6

During the next twelve months, the amount of the June 29, 2014 Accumulated Other Comprehensive Income (Loss) balance that is expected to be reclassified into earnings is $0.4 million.

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The Company enters into forward exchange contracts to hedge purchases and sales that are denominated in foreign currencies. The terms of these currency derivatives do not exceed twenty-four months, and the purpose is to protect the Company from the risk that the eventual dollars being transferred will be adversely affected by changes in exchange rates.

The Company has forward foreign exchange contracts to sell foreign currency, with the Euro as the most significant. These contracts are used to hedge foreign currency collections on sales of inventory. The Company also has forward contracts to purchase foreign currencies. The Company’s foreign currency forward contracts are carried at fair value based on current exchange rates.

The Company had the following forward currency contracts outstanding at the end of fiscal 2014:

Hedge		In Thousands
		Notional Value	Contract Value	Fair Value	(Gain) Loss at Fair Value		Conversion Currency	Latest Expiration Date
Currency	Contract
Australian Dollar	Sell	19,904	18,115	18,586	471		U.S.	June 2015
Canadian Dollar	Sell	3,100	2,859	2,899	40		U.S.	April 2015
Euro	Sell	49,300	67,529	67,379	(149	)	U.S.	December 2015
Japanese Yen	Buy	530,000	5,192	5,229	(37	)	U.S.	January 2015
Mexican Peso	Sell	3,000	231	231	—		U.S.	July 2014

The Company had the following forward currency contracts outstanding at the end of fiscal 2013:

Hedge		In Thousands
		Notional Value	Contract Value	Fair Value	(Gain) Loss at Fair Value		Conversion Currency	Latest Expiration Date
Currency	Contract
Australian Dollar	Sell	6,392	6,489	5,798	(691	)	U.S.	March 2014
Euro	Sell	31,000	41,037	40,377	(660	)	U.S.	June 2014
Japanese Yen	Buy	905,000	9,885	9,137	747		U.S.	June 2014
Mexican Peso	Sell	3,345	265	255	(10	)	U.S.	December 2013

The Company continuously evaluates the effectiveness of its hedging program by evaluating its foreign exchange contracts compared to the anticipated underlying transactions. The Company did not have any ineffective currency hedges in fiscal 2014, 2013, or 2012.

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(17) Employee Benefit Costs:

Retirement Plan and Other Postretirement Benefits

The Company has noncontributory, defined benefit retirement plans and other postretirement benefit plans covering certain employees. The Company uses a June 30 measurement date for all of its plans. The following provides a reconciliation of obligations, plan assets and funded status of the plans for the two years indicated (in thousands):

	Pension Benefits						Other Postretirement Benefits
Actuarial Assumptions:	2014			2013			2014			2013
Discounted Rate Used to Determine Present Value of Projected Benefit Obligation	4.40		%	5.00		%	3.95		%	4.40		%
Expected Rate of Future Compensation Level Increases	3.0-4.0%			3.0-4.0%			n/a			n/a
Expected Long-Term Rate of Return on Plan Assets	8.00		%	8.25		%	n/a			n/a
Change in Benefit Obligations:
Projected Benefit Obligation at Beginning of Year	$	1,115,855		$	1,236,747		$	111,506		$	136,854
Service Cost	7,645			13,222			333			358
Interest Cost	53,743			50,154			4,566			4,754
Plan Curtailments	—			(52,236		)	—			—
Plan Participant Contributions	—			—			1,513			1,347
Actuarial (Gain) Loss	71,288			(56,239		)	(5,447		)	(13,309		)
Benefits Paid	(75,384		)	(75,793		)	(16,014		)	(18,498		)
Projected Benefit Obligation at End of Year	$	1,173,147		$	1,115,855		$	96,457		$	111,506
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year	$	962,633		$	937,745		$	—		$	—
Actual Return on Plan Assets	153,306			68,296			—			—
Plan Participant Contributions	—			—			1,512			1,347
Employer Contributions	2,911			32,385			14,502			17,151
Benefits Paid	(75,384		)	(75,793		)	(16,014		)	(18,498		)
Fair Value of Plan Assets at End of Year	$	1,043,466		$	962,633		$	—		$	—
Funded Status:
Plan Assets (Less Than) in Excess of Projected Benefit Obligation	$	(129,681	)	$	(153,222	)	$	(96,457	)	$	(111,506	)
Amounts Recognized on the Balance Sheets:
Accrued Pension Cost	$	(126,529	)	$	(150,131	)	$	—		$	—
Accrued Wages and Salaries	(3,152		)	(3,091		)	—			—
Accrued Postretirement Health Care Obligation	—			—			(59,290		)	(72,695		)
Accrued Liabilities	—			—			(13,624		)	(16,113		)
Accrued Employee Benefits	—			—			(23,543		)	(22,698		)
Net Amount Recognized at End of Year	$	(129,681	)	$	(153,222	)	$	(96,457	)	$	(111,506	)
Amounts Recognized in Accumulated Other Comprehensive Income (Loss):
Transition Assets (Obligation)	$	—		$	—		$	—		$	—
Net Actuarial Loss	(190,756		)	(211,444		)	(21,962		)	(28,668		)
Prior Service Credit (Cost)	(550		)	(660		)	6,243			8,008
Net Amount Recognized at End of Year	$	(191,306	)	$	(212,104	)	$	(15,719	)	$	(20,660	)

The accumulated benefit obligation for all defined benefit pension plans was $1,173 million and $1,115 million at June 29, 2014 and June 30, 2013, respectively.

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The following table summarizes the plans’ income and expense for the three years indicated (in thousands):

	Pension Benefits									Other Postretirement Benefits
	2014			2013			2012			2014			2013			2012
Components of Net Periodic (Income) Expense:
Service Cost-Benefits Earned During the Year	$	7,645		$	13,222		$	13,764		$	333		$	358		$	407
Interest Cost on Projected Benefit Obligation	53,743			50,154			56,762			4,565			4,754			6,468
Expected Return on Plan Assets	(74,152		)	(75,832		)	(76,445		)	—			—			—
Amortization of:
Transition Obligation	—			7			8			—			—			—
Prior Service Cost (Credit)	180			366			2,856			(2,895		)	(3,589		)	(3,800		)
Actuarial Loss	25,105			34,821			20,230			5,527			7,624			8,942
Net Curtailment Loss	—			1,914			375			—			—			359
Net Periodic Expense	$	12,521		$	24,652		$	17,550		$	7,530		$	9,147		$	12,376

Significant assumptions used in determining net periodic expense for the fiscal years indicated are as follows:

	Pension Benefits			Other Postretirement Benefits
	2014	2013	2012	2014	2013	2012
Discount Rate	5.00%	4.45%	5.35%	4.40%	3.75%	4.45%
Expected Return on Plan Assets	8.25%	8.50%	8.50%	n/a	n/a	n/a
Compensation Increase Rate	3.0-4.0%	3.0-4.0%	3.0-4.0%	n/a	n/a	n/a

The amounts in Accumulated Other Comprehensive Income (Loss) that are expected to be recognized as components of net periodic (income) expense during the next fiscal year are as follows (in thousands):

	Pension Plans		Other Postretirement Plans
Prior Service Cost (Credit)	$	180	$	(2,758	)
Net Actuarial Loss	13,190		4,255

The “Other Postretirement Benefit” plans are unfunded.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended 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. 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. A class has been certified, and discovery has been concluded. Briefing on the Company’s and the retirees’ summary judgment motions will occur soon. If the court denies the motions, a jury trial will be scheduled.

For measurement purposes an 7.8% annual rate of increase in the per capita cost of covered health care claims was assumed for the Company for the fiscal year 2014 decreasing gradually to 4.5% for the fiscal year 2028. The health care cost trend rate assumptions have a significant effect on the amounts reported. An increase of one percentage point, would increase the accumulated postretirement benefit by $1.9 million and would increase the service and interest cost by $0.1 million for fiscal 2014. A corresponding decrease of one percentage point, would decrease the accumulated postretirement benefit by $2.1 million and decrease the service and interest cost by $0.1 million for the fiscal year 2014.

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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 within the pension plan effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in fiscal 2013 related to the defined benefit plan change.

As discussed in Note 18, the Company reduced its salaried headcount by approximately 10% in fiscal 2012. The termination of the employees associated with this restructuring action, and the related impact on unrecognized prior service costs, unrecognized losses and the projected benefit obligation resulted in a net curtailment loss of $0.7 million in fiscal 2012.

In fiscal 2012, as a result of the non-discrimination testing results of the qualified pension plan, approximately 90 employees were moved to the non-qualified pension plan. Benefits accrued prior to July 1, 2012 were unaffected; only benefits accruing for those affected employees after July 1, 2012 are being covered by the non-qualified plan.

Plan Assets

A Board of Directors appointed Investment Committee (“Committee”) manages the investment of the pension plan assets. The Committee has established and operates under an Investment Policy. It determines the asset allocation and target ranges based upon periodic asset/liability studies and capital market projections. The Committee retains external investment managers to invest the assets. The Investment Policy prohibits certain investment transactions, such as lettered stock, commodity contracts, margin transactions and short selling, unless the Committee gives prior approval. The Company’s pension plan’s current target and asset allocations at June 29, 2014 and June 30, 2013, by asset category are as follows:

		Plan Assets at Year-end
Asset Category	Target %	2014	2013
Domestic Equities	17%-25%	20%	22%
International Equities	5%-15%	10%	10%
Alternative & Absolute Return	10%-20%	16%	26%
Fixed Income	45%-55%	52%	39%
Cash Equivalents	1%	2%	3%
		100%	100%

The plan’s investment strategy is based on an expectation that, over time, equity securities will provide higher total returns than debt securities, but with greater risk. The plan primarily minimizes the risk of large losses through diversification of investments by asset class, by investing in different types of styles within the classes and by using a number of different managers. The Committee monitors the asset allocation and investment performance monthly, with a more comprehensive quarterly review with its consultant. During fiscal 2014, the Committee revised the target asset allocation to shift to more fixed income and less alternative investments as a percentage of total plan assets. This revision to the target asset allocation was made to better match future cash flows from plan assets with the future cash flows of the projected benefit obligation.

The plan’s expected return on assets is based on management’s and the Committee’s expectations of long-term average rates of return to be achieved by the plan’s investments. These expectations are based on the plan’s historical returns and expected returns for the asset classes in which the plan is invested.

The Company has adopted the fair value provisions for the plan assets of its pension plans. The Company categorizes plan assets within a three level fair value hierarchy, as described in Note 6.

Investments stated at fair value as determined by quoted market prices (Level 1) include:

Short-Term Investments: Short-Term Investments include cash and money market mutual funds that invest in short-term securities and are valued based on cost, which approximates fair value;

Equity Securities: U.S. Common Stocks and International Mutual Funds are valued at the last reported sales price on the last business day of the fiscal year.

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Investments stated at estimated fair value using significant observable inputs (Level 2) include:

Fixed Income Securities: Fixed Income Securities include investments in domestic bond collective trusts that are not traded publicly, but the underlying assets held in these funds are traded on active markets and the prices are readily observable. The investment in the trusts is valued at the last quoted price on the last business day of the fiscal year. Fixed Income Securities also include corporate and government bonds that are valued using a bid evaluation process with data provided by independent pricing sources.

Investments stated at estimated fair value using significant unobservable inputs (Level 3) include:

Other Investments: Other Investments include investments in limited partnerships and are valued at estimated fair value, as determined with the assistance of each respective limited partnership, based on the net asset value of the investment as of the balance sheet date, which is subject to judgment.

The fair value of the major categories of the pension plans’ investments are presented below (in thousands):

		June 29, 2014
Category		Total		Level 1		Level 2		Level 3
Short-Term Investments:		$	21,534	$	21,534	$	—	$	—
Fixed Income Securities:		542,381		—		542,381		—
Equity Securities:
U.S. common stocks		204,578		204,578		—		—
International mutual funds		106,990		106,990		—		—
Other Investments:
Venture capital funds	(A)	82,776		—		—		82,776
Debt funds	(B)	19,907		—		—		19,907
Real estate funds	(C)	10,445		—		—		10,445
Private equity funds	(D)	54,855		—		—		54,855
Fair Value of Plan Assets at End of Year		$	1,043,466	$	333,102	$	542,381	$	167,983

		June 30, 2013
Category		Total		Level 1		Level 2		Level 3
Short-Term Investments:		$	26,714	$	26,714	$	—	$	—
Fixed Income Securities:		369,744		—		369,744		—
Equity Securities:
U.S. common stocks		211,767		211,767		—		—
International mutual funds		100,392		100,392		—		—
Other Investments:
Venture capital funds	(A)	153,645		—		—		153,645
Debt funds	(B)	27,299		—		—		27,299
Real estate funds	(C)	11,506		—		—		11,506
Private equity funds	(D)	61,566		—		—		61,566
Fair Value of Plan Assets at End of Year		$	962,633	$	338,873	$	369,744	$	254,016

(A) This category invests in a combination of public and private securities of companies in financial distress, spin-offs, or new projects focused on technology and manufacturing.

(B) This fund primarily invests in the debt of various entities including corporations and governments in emerging markets, mezzanine financing, or entities that are undergoing, are considered likely to undergo or have undergone a reorganization.

(C) This category invests primarily in real estate related investments, including real estate properties, securities of real estate companies and other companies with significant real estate assets as well as real estate related debt and equity securities.

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(D) Primarily represents investments in all sizes of mostly privately held operating companies in the following core industry sectors: healthcare, energy, financial services, technology-media-telecommunications and industrial and consumer.

The following tables present the changes in Level 3 investments for the pension plan (in thousands).

Changes to Level 3 investments for the year ended June 29, 2014:

Category	June 30, 2013 Fair Value		Purchases, Sales, Issuances, and Settlements			Realized and Unrealized Gain (Loss)			June 29, 2014 Fair Value (a)
Venture capital funds	$	153,645	$	(98,738	)	$	27,869		$	82,776
Debt funds	27,299		(6,109		)	(1,283		)	19,907
Real estate funds	11,506		(1,179		)	118			10,445
Private equity funds	61,566		(8,821		)	2,110			54,855
	$	254,016	$	(114,847	)	$	28,814		$	167,983

Changes to Level 3 investments for the year ended June 30, 2013:

Category	June 30, 2012 Fair Value		Purchases, Sales, Issuances, and Settlements			Realized and Unrealized Gain (Loss)			June 30, 2013 Fair Value (a)
Venture capital funds	$	152,093	$	(16,360	)	$	17,912		$	153,645
Debt funds	36,211		(7,258		)	(1,654		)	27,299
Real estate funds	13,888		(3,272		)	890			11,506
Private equity funds	71,185		(10,094		)	475			61,566
Global balanced funds	23,178		(20,000		)	(3,178		)	—
	$	296,555	$	(56,984	)	$	14,445		$	254,016

(a) There were no transfers in or out of Level 3 during the years ended June 29, 2014 or June 30, 2013.

Contributions

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 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 in fiscal 2015. The Company may be required to make further contributions in future years depending on the actual return on plan assets and the funded status of the plan in future periods.

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Estimated Future Benefit Payments

Projected benefit payments from the plans as of June 29, 2014 are estimated as follows (in thousands):

	Pension Benefits				Other Postretirement Benefits
Year Ending	Qualified		Non-Qualified		Retiree Medical		Retiree Life
2015	$	75,150	$	3,152	$	12,280	$	1,418
2016	75,183		3,195		11,408		1,443
2017	75,352		3,234		9,468		1,465
2018	75,333		3,259		8,811		1,484
2019	75,550		3,410		7,137		1,500
2020-2024	370,510		17,749		21,822		7,601

Defined Contribution Plans

Employees of the Company may participate in a defined contribution savings plan that allows participants to contribute a portion of their earnings in accordance with plan specifications. Prior to January 1, 2014, a maximum of 1.5% to 3.5% of each participant’s salary, depending upon the participant’s group, was matched by the Company. Additionally, certain employees may have received Company nonelective contributions equal to 2.0% of the employee’s salary.

Simultaneously with the aforementioned amendments to freeze the Company's defined benefit retirement plans for U.S., non-bargaining employees, effective January 1, 2014, amendments were also made to increase benefits under the defined contribution plans effective January 1, 2014. These amendments increased the Company's maximum matching contribution from 3.5% to 4.0% of pay and offer all domestic non-bargaining employees a Company non-elective contribution of 3.0% of the employee's pay.

The Company contributions totaled $10.8 million in 2014, $7.9 million in 2013 and $8.3 million in 2012.

Postemployment Benefits

The Company accrues the expected cost of postemployment benefits over the years that the employees render service. These benefits apply only to employees who become disabled while actively employed, or who terminate with at least thirty years of service and retire prior to age sixty-five. The items include disability payments, life insurance and medical benefits. These amounts were discounted using a 3.95% interest rate for fiscal 2014 and 4.40% interest rate for fiscal 2013. Amounts are included in Accrued Employee Benefits in the Consolidated Balance Sheets.

(18) Restructuring Actions:

In fiscal 2012, the Company announced plans to reduce manufacturing capacity through closure of its Newbern, Tennessee and Ostrava, Czech Republic plants, as well as the consolidation of its plants in Poplar Bluff, Missouri and Auburn, Alabama. During fiscal 2012, the Company ceased manufacturing operations at its Newbern, Tennessee and Ostrava, Czech Republic plants, and carried out the consolidation of the Poplar Bluff, Missouri plant. Production of horizontal shaft engines was concluded at the Auburn, Alabama plant during the second quarter of fiscal 2014. The Company also announced in fiscal 2012 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 exited the 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. 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 froze accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in fiscal 2013 related to the defined benefit plan change.

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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.

Subsequent to fiscal 2014, the Company announced several new actions to be taken to execute the Company's strategy. Beginning in the 2016 lawn & garden season, the Company will narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products manufacturing facilities in order to further reduce costs. The Company will continue to focus on premium residential products to customers through its Snapper and Simplicity brands and commercial products through its Snapper Pro and Ferris brands. The Company will close its McDonough, Georgia location and consolidate production into existing facilities in Wisconsin and New York. Production of pressure washers, snow throwers and lawn tractors will move to its Wauwatosa, Wisconsin manufacturing facility, and production of zero-turn lawnmowers will be moved to its Munnsville, New York facility. Production is estimated to be completed in McDonough and transitioned to the other facilities during the first quarter of calendar 2015. These changes will affect approximately 475 employees during fiscal 2015. The Company's dealer product offerings under the Snapper Pro, Simplicity and Ferris brands as well as sales of Snapper and Murray branded lawn and garden products at Walmart are unaffected by these actions.

The Company reports restructuring charges associated with manufacturing and related initiatives as costs of goods sold within the Condensed Consolidated 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 Condensed Consolidated Statements of Operations.

The Company recorded pre-tax charges of $6.5 million ($5.2 million after tax or $0.03 per diluted share) and $22.2 million ($15.5 million after tax or $0.33 per diluted share) during fiscal 2014 and 2013, respectively, related to the restructuring actions. The Engines segment recorded $3.5 million and $12.4 million of pre-tax restructuring charges during fiscal 2014 and 2013, respectively. The Products segment recorded $3.0 million and $9.8 million of pre-tax restructuring charges during fiscal 2014 and 2013, respectively.

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 fiscal 2014 (in thousands):

Engines Segment	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	99		$	2,575		$	2,674
Provisions	348			3,176			3,524
Cash Expenditures	(447		)	(3,525		)	(3,972		)
Other Adjustments (1)	—			(2,226		)	(2,226		)
Reserve Balance at June 29, 2014	$	—		$	—		$	—

(1) Other adjustments includes $0.5 million of accelerated depreciation and $1.7 million of asset impairments.

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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 fiscal 2014 (in thousands):

Products Segment	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	94		$	45		$	139
Provisions	256			2,759			3,015
Cash Expenditures	(350		)	(649		)	(999		)
Other Adjustments (2)	—			(2,050		)	(2,050		)
Reserve Balance at June 29, 2014	$	—		$	105		$	105

(2) Other adjustments includes $1.3 million of asset impairments and $0.7 million of other costs including transition costs and foreign currency translation.

(19) Equity:

Share Repurchases

In August 2011, the Board of Directors of the Company authorized up to $50 million in funds for use in a common share repurchase program with an expiration of June 30, 2013. In August 2012, the Board of Directors authorized an additional $50 million in funds associated with the common share repurchase program and an extension of the expiration date to June 30, 2014. On January 22, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an extension of the expiration date to June 30, 2016. On August 13, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an expiration date of June 30, 2016. Share repurchases, among other things, allow the Company to offset any potentially dilutive impacts of share-based compensation. 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. In fiscal 2014, the Company repurchased 2,100,499 shares on the open market at a total cost of $43.0 million, or $20.49 per share. There were 1,546,686 shares repurchased in fiscal 2013 at a total cost of $30.4 million, or $19.63 per share.

(20) Separate Financial Information of Subsidiary Guarantors 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. 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):

	June 29, 2014 Carrying Amount		Maximum Guarantee
6.875% Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	—	$	500,000

69

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 June 29, 2014	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	138,926	$	2,680	$	53,062	$	—		$	194,668
Accounts Receivable, Net	86,099		100,062		34,429		—			220,590
Intercompany Accounts Receivable	15,987		3,492		32,826		(52,305		)	—
Inventories, Net	165,159		146,749		64,195		—			376,103
Deferred Tax Asset	33,343		13,904		1,711		—			48,958
Prepaid Expenses and Other	17,436		3,508		9,072					30,016
Total Current Assets	$	456,950	$	270,395	$	195,295	$	(52,305	)	$	870,335
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	16,222	$	—		$	144,522
Investments	27,137		—		—		—			27,137
Investments in Subsidiaries	470,391		—		—		(470,391		)	—
Intercompany Note Receivable	49,293		84,567		13,876		(147,736		)	—
Debt Issuance Costs, Net	4,671		—		—		—			4,671
Other Intangible Assets, Net	—		55,909		24,408		—			80,317
Long-Term Deferred Tax Asset	32,507		—		677		(18,006		)	15,178
Other Long-Term Assets, Net	7,120		2,088		1,331		—			10,539
Total Other Assets	$	719,419	$	142,564	$	56,514	$	(636,133	)	$	282,364
PLANT AND EQUIPMENT, NET	241,166		39,863		15,978		—			297,007
TOTAL ASSETS	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706
CURRENT LIABILITIES:
Accounts Payable	105,532		45,171		18,568		—			169,271
Intercompany Accounts Payable	21,859		6,002		24,444		(52,305		)	—
Accrued Liabilities	85,735		31,863		16,318		—			133,916
Total Current Liabilities	$	213,126	$	83,036	$	59,330	$	(52,305	)	$	303,187
OTHER LIABILITIES:
Accrued Pension Cost	125,481		421		627		—			126,529
Accrued Employee Benefits	24,491		—		—		—			24,491
Accrued Postretirement Health Care Obligation	44,928		14,362		—		—			59,290
Accrued Warranty	9,300		8,378		—		—			17,678
Intercompany Note Payable	85,343		—		62,393		(147,736		)	—
Deferred Tax Liabilities			18,006		—		(18,006		)	—
Other Long-Term Liabilities	17,432		2,659		1,006		—			21,097
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	531,975	$	43,826	$	64,026	$	(165,742	)	$	474,085
TOTAL SHAREHOLDERS’ INVESTMENT:	672,434		325,960		144,431		(470,391		)	672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706

70

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 Tax Asset	32,543		13,923		1,068		—			47,534
Prepaid Expenses and Other	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, Net	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred 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
Accrued Warranty	9,400		9,471		—		—			18,871
Intercompany Note Payable	85,095				56,982		(142,077		)	—
Deferred Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	10,608		3,070		1,025		—			14,703
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

71

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Fiscal Year Ended June 29, 2014	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	1,156,394		$	599,013		$	304,160		$	(200,507	)	$	1,859,060
Cost of Goods Sold	928,557			544,313			234,073			(200,507		)	1,506,436
Restructuring Charges	3,830			228			1,783			—			5,841
Gross Profit	224,007			54,472			68,304			—			346,783
Engineering, Selling, General and Administrative Expenses	163,594			76,021			51,752			—			291,367
Restructuring Charges	77			67			554			—			698
Goodwill and Tradename Impairment	—			5,500			2,960			—			8,460
Equity in Loss from Subsidiaries	5,622			—			—			(5,622		)	—
Income (Loss) from Operations	54,714			(27,116		)	13,038			5,622			46,258
Interest Expense	(18,431		)	(6		)	(29		)	—			(18,466		)
Other Income, Net	8,251			152			939			—			9,342
Income (Loss) Before Provision for Income Taxes	44,534			(26,970		)	13,948			5,622			37,134
Provision (Credit) for Income Taxes	16,187			(9,889		)	2,489			—			8,787
Net Income (Loss)	$	28,347		$	(17,081	)	$	11,459		$	5,622		$	28,347
Comprehensive Income (Loss)	$	58,018		$	(16,836	)	$	12,832		$	4,004		$	58,018
For the Fiscal Year Ended June 30, 2013
Net Sales	$	1,126,562		$	695,137		$	277,516		$	(236,717	)	$	1,862,498
Cost of Goods Sold	916,859			626,266			208,189			(236,717		)	1,514,597
Restructuring Charges	9,614			8,618			529			—			18,761
Gross Profit	200,089			60,253			68,798			—			329,140
Engineering, Selling, General and Administrative Expenses	161,465			71,434			43,289			—			276,188
Restructuring Charges	3,435			—			—			—			3,435
Goodwill Impairment	—			83,314			6,766			—			90,080
Equity in Loss from Subsidiaries	45,191			—			—			(45,191		)	—
Income (Loss) from Operations	(10,002		)	(94,495		)	18,743			45,191			(40,563		)
Interest Expense	(18,369		)	(3		)	(147		)	—			(18,519		)
Other Income, Net	6,225			286			430			—			6,941
Income (Loss) Before Provision for Income Taxes	(22,146		)	(94,212		)	19,026			45,191			(52,141		)
Provision (Credit) for Income Taxes	11,511			(30,902		)	907			—			(18,484		)
Net Income (Loss)	$	(33,657	)	$	(63,310	)	$	18,119		$	45,191		$	(33,657	)
Comprehensive Income (Loss)	$	64,119		$	(62,068	)	$	16,779		$	45,289		$	64,119
For the Fiscal Year Ended July 1, 2012
Net Sales	$	1,235,805		$	835,011		$	321,216		$	(325,499	)	$	2,066,533
Cost of Goods Sold	1,007,493			744,103			258,951			(325,499		)	1,685,048
Restructuring Charges	4,235			28,790			11,735			—			44,760
Gross Profit	224,077			62,118			50,530			—			336,725
Engineering, Selling, General and Administrative Expenses	167,133			80,915			42,333			—			290,381
Restructuring Charges	4,001			1,106			—			—			5,107
Equity in Loss from Subsidiaries	5,881			—			—			(5,881		)	—
Income (Loss) from Operations	47,062			(19,903		)	8,197			5,881			41,237
Interest Expense	(18,347		)	(33		)	(162		)	—			(18,542		)
Other Income, Net	4,830			207			2,141			—			7,178
Income (Loss) Before Provision for Income Taxes	33,545			(19,729		)	10,176			5,881			29,873
Provision (Credit) for Income Taxes	4,539			(8,897		)	5,225			—			867
Net Income (Loss)	$	29,006		$	(10,832	)	$	4,951		$	5,881		$	29,006
Comprehensive Income (Loss)	$	(50,200	)	$	(12,062	)	$	(2,529	)	$	14,591		$	(50,200	)

72

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 29, 2014	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	77,161		$	6,816		$	43,102		$	—	$	127,079
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(55,775		)	(2,718		)	(1,878		)	—		(60,371		)
Proceeds Received on Disposition of Plant and Equipment	170			33			425			—		628
Cash Investment in Subsidiary	13,307			—			(13,307		)	—		—
Net Cash Used in Investing Activities	(42,298		)	(2,685		)	(14,760		)	—		(59,743		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	2,726			(2,726		)	(300		)	—		(300		)
Debt Issuance Costs	(949		)	—			—			—		(949		)
Cash Dividends Paid	(22,697		)	—			—			—		(22,697		)
Stock Option Exercise Proceeds and Tax Benefits	5,402			—			—			—		5,402
Treasury Stock Repurchases	(43,047		)	—			—			—		(43,047		)
Net Cash Provided by (Used in) Financing Activities	(58,565		)	(2,726		)	(300		)	—		(61,591		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			478			—		478
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(23,702		)	1,405			28,520			—		6,223
Cash and Cash Equivalents, Beginning of Year	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, End of Year	$	138,926		$	2,680		$	53,062		$	—	$	194,668

73

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 30, 2013	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	69,746		$	40,812		$	50,255		$	—	$	160,813
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(36,306		)	(6,120		)	(2,452		)	—		(44,878		)
Cash Paid for Acquisition, Net of Cash Acquired	—			—			(59,627		)	—		(59,627		)
Proceeds Received on Disposition of Plant and Equipment	70			6,068			6,354			—		12,492
Cash Investment in Subsidiary	(15,194		)	—			15,194			—		—
Net Cash Used in Investing Activities	(51,430		)	(52		)	(40,531		)	—		(92,013		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	44,860			(44,860		)	(2,700		)	—		(2,700		)
Cash Dividends Paid	(23,285		)	—			—			—		(23,285		)
Stock Option Exercise Proceeds and Tax Benefits	19,988			—			—			—		19,988
Treasury Stock Repurchases	(30,359		)	—			—			—		(30,359		)
Net Cash Provided by (Used in) Financing Activities	11,204			(44,860		)	(2,700		)	—		(36,356		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(74		)	—		(74		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	29,520			(4,100		)	6,950			—		32,370
Cash and Cash Equivalents, Beginning of Year	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, End of Year	$	162,628		$	1,275		$	24,542		$	—	$	188,445

74

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended July 1, 2012	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in)Operating Activities	$	82,114		$	2,879		$	(19,032	)	$	—	$	65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(40,456		)	(6,588		)	(2,529		)	—		(49,573		)
Cash Paid for Acquisition, Net of Cash Received	—			—			(2,673		)	—		(2,673		)
Proceeds Received on Disposition of Plant and Equipment	141			1,278			38			—		1,457
Cash Investment in Subsidiary	2,141			—			(2,141		)	—		—
Net Cash Used in Investing Activities	(38,174		)	(5,310		)	(7,305		)	—		(50,789		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Loans, Notes Payable and Long-Term Debt	(6,434		)	6,434			—			—		—
Debt Issuance Costs	(2,007		)	—			—			—		(2,007		)
Cash Dividends Paid	(22,011		)	—			—			—		(22,011		)
Stock Option Exercise Proceeds and Tax Benefits	235			—			—			—		235
Treasury Stock Repurchases	(39,287		)	—			—			—		(39,287		)
Net Cash Provided by (Used in) Financing Activities	(69,504		)	6,434			—			—		(63,070		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(5,666		)	—		(5,666		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(25,564		)	4,003			(32,003		)	—		(53,564		)
Cash and Cash Equivalents, Beginning of Year	158,672			1,372			49,595			—		209,639
Cash and Cash Equivalents, End of Year	$	133,108		$	5,375		$	17,592		$	—	$	156,075

75

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Briggs & Stratton Corporation:

We have audited the accompanying consolidated balance sheets of Briggs & Stratton Corporation and subsidiaries (the "Company") as of June 29, 2014 and June 30, 2013, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ investment, and cash flows for the years then ended. Our audits also included the financial statement schedule listed in the Index at Item 15(a)(2). We also have audited the Company’s internal control over financial reporting as of June 29, 2014, based on criteria established in Internal Control-Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission. The Company’s management is responsible for these financial statements and financial statement schedule, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on these financial statements and financial statement schedule and an opinion on the Company’s internal control over financial reporting based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

A company’s internal control over financial reporting is a process designed by, or under the supervision of, the company's principal executive and principal financial officers, or persons performing similar functions, and effected by the company's board of directors, management, and other personnel 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. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Briggs & Stratton Corporation and subsidiaries as of June 29, 2014 and June 30, 2013, and the results of their operations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, such financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material aspects, the information set forth therein. Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of June 29, 2014, based on criteria established in Internal Control-Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

/s/ Deloitte & Touche LLP

Milwaukee, Wisconsin

August 26, 2014

76

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Briggs & Stratton Corporation:

In our opinion, the consolidated statements of operations, comprehensive income (loss), shareholders’ investment and cash flows for the year in the period ended July 1, 2012 present fairly, in all material respects, the results of operations and cash flows of Briggs & Stratton Corporation and its subsidiariesfor the year in the period ended July 1, 2012, in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule for the year in the period ended July 1, 2012, presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.These financial statements and financial statement schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and financial statement schedulebased on our audit. We conducted our audit of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Milwaukee, Wisconsin

August 28, 2012

77

Quarterly Financial Data, Dividend and Market Information (Unaudited)

	In Thousands
Quarter Ended	Net Sales		Gross Profit		Net Income (Loss)
Fiscal 2014
September (1)	$	317,304	$	43,831	$	(19,349	)
December (2)	416,592		77,366		702
March (3)	628,403		130,250		39,153
June (4)	496,761		95,336		7,841
Total	$	1,859,060	$	346,783	$	28,347
Fiscal 2013
September (5)	$	309,020	$	43,870	$	(16,527	)
December (6)	439,066		76,913		(635		)
March (7)	637,259		126,788		38,516
June (8)	477,153		81,569		(55,011		)
Total	$	1,862,498	$	329,140	$	(33,657	)

	Per Share of Common Stock
						Market Price Range on  New York Stock Exchange
Quarter Ended	Net Income (Loss) (7)			Dividends Declared		High		Low
Fiscal 2014
September (1)	$	(0.41	)	$	0.12	$	21.99	$	18.61
December (2)	0.01			0.12		22.19		18.21
March (3)	0.82			0.12		23.02		20.03
June (4)	0.17			0.12		22.98		19.62
Total	$	0.59		$	0.48
Fiscal 2013
September (5)	$	(0.35	)	$	0.12	$	19.88	$	16.20
December (6)	(0.02		)	0.12		21.46		18.70
March (7)	0.78			0.12		25.52		20.34
June (8)	(1.17		)	0.12		24.80		18.69
Total	$	(0.73	)	$	0.48

The number of shareholders of record of Briggs & Stratton Corporation Common Stock on June 29, 2014 was 2,815.

(1) As disclosed in Note 18 of the Notes to the Consolidated Financial Statements, the first quarter of fiscal 2014 included restructuring charges of $3.6 million ($2.9 million after tax or $0.06 per diluted share)

(2) As disclosed in Note 18 of the Notes to the Consolidated Financial Statements, the second quarter of fiscal 2014 included restructuring charges of $2.3 million ($1.6 million after tax or $0.04 per diluted share)

(3) As disclosed in Note 18 of the Notes to the Consolidated Financial Statements, the third quarter of fiscal 2014 included restructuring income of $0.8 million ($0.5 million after tax or $0.01 per diluted share)

(4) As disclosed in Notes 7 and 18 of the Notes to the Consolidated Financial Statements, the fourth quarter of fiscal 2014 included restructuring charges of $1.4 million ($1.2 million after tax or $0.02 per diluted share) and goodwill and tradename impairment charges of $8.5 million ($5.5 million after tax or $0.12 per diluted share)

(5) As disclosed in Note 18 of the Notes to the Consolidated Financial Statements, the first quarter of fiscal 2013 included restructuring charges of $5.1 million ($3.3 million after tax or $0.07 per diluted share)

(6) As disclosed in Note 18 of the Notes to the Consolidated Financial Statements, the second quarter of fiscal 2013 included restructuring charges of $6.6 million ($4.3 million after tax or $0.09 per diluted share)

(7) As disclosed in Note 18 of the Notes to the Consolidated Financial Statements, the third quarter of fiscal 2013 included restructuring charges of $6.6 million ($5.4 million after tax or $0.11 per diluted share)

(8) As disclosed in Notes 7, 13, and 18 of the Notes to the Consolidated Financial Statements, the fourth quarter of fiscal 2013 included restructuring charges of $3.8 million ($2.5 million after tax or $0.05 per diluted share), $90.1 million ($62.0 million after tax or $1.30 per diluted share) related to goodwill and tradename impairment, and $1.9 million ($1.2 million after tax or $0.03 per diluted share) related to a litigation settlement

78

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. 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, have 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.

Management’s Report on Internal Control Over Financial Reporting

The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). 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 internal control over financial reporting based on the framework in Internal Control-Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, the Company’s management has concluded that, as of the end of the period covered by this report, the Company’s internal control over financial reporting was effective.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of the effectiveness to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Deloitte & Touche LLP, an independent registered public accounting firm, has audited the Company’s consolidated financial statements and the effectiveness of internal control over financial reporting as of June 29, 2014, as stated in their report which is included herein.

Changes in Internal Control Over Financial Reporting

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

ITEM 9B. OTHER INFORMATION

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

(a) Executive Officers. Reference is made to “Executive Officers of Registrant” in Part I after Item 4.

(b) Directors. The information required by this Item is in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, under the caption “Item 1: Election of Directors” and “General Information About Incumbent Directors”, and is incorporated herein by reference.

79

(c) Section 16 Compliance. The information required by this Item is in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, under the caption “Section 16(a) Beneficial Ownership Reporting Compliance”, and is incorporated herein by reference.

(d) Audit Committee Financial Expert. The information required by this Item is in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, under the caption “Other Corporate Governance Matters – Board Committees – Audit Committee”, and is incorporated herein by reference.

(e) Identification of Audit Committee. The information required by this Item is in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, under the caption “Other Corporate Governance Matters – Board Committees – Audit Committee”, and is incorporated herein by reference.

(f) Code of Ethics. Briggs & Stratton has adopted a written code of ethics, referred to as the Briggs & Stratton Business Integrity Manual applicable to all directors, officers and employees, which includes provisions related to accounting and financial matters applicable to the Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and Controller. The Briggs & Stratton Business Integrity Manual is available on the Company’s corporate website at www.basco.com. If the Company makes any substantive amendment to, or grants any waiver of, the code of ethics for any director or officer, Briggs & Stratton will disclose the nature of such amendment or waiver on its corporate website or in a Current Report on Form 8-K.

ITEM 11. EXECUTIVE COMPENSATION

The information in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, concerning this item, under the captions “Compensation Committee Report”, “Compensation Discussion and Analysis”, “Compensation Tables”, “Agreements with Executives”, “Change in Control Payments”, and “Director Compensation” is incorporated herein by reference.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The information in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, concerning this item, under the captions “Security Ownership of Certain Beneficial Owners”, “Security Ownership of Directors and Executive Officers” and “Equity Compensation Plan Information” is incorporated herein by reference.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The information in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, concerning this item, under the captions “Other Corporate Governance Matters – Director Independence”, “Other Corporate Governance Matters – Board Oversight of Risk” and “Other Corporate Governance Matters – Audit Committee” is incorporated herein by reference.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The information required by this Item is in Briggs & Stratton’s definitive Proxy Statement, prepared for the 2014 Annual Meeting of Shareholders, under the captions “Other Matters – Independent Auditors’ Fees” and “Other Corporate Governance Matters – Board Committees – Audit Committee”, and is incorporated herein by reference.

80

PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

(a) The following documents are filed as part of this report:

1. Financial Statements

The following financial statements are included under the caption “Financial Statements and Supplementary Data" in Part II, Item 8 and are incorporated herein by reference:

Consolidated Balance Sheets, June 29, 2014 and June 30, 2013

For the Fiscal Years Ended June 29, 2014, June 30, 2013 and July 1, 2012:

Consolidated Statements of Operations

Consolidated Statements of Comprehensive Income (Loss)

Consolidated Statements of Shareholders’ Investment

Consolidated Statements of Cash Flows

Notes to Consolidated Financial Statements

Reports of Independent Registered Public Accounting Firm

2. Financial Statement Schedules

Schedule II – Valuation and Qualifying Accounts

All other financial statement schedules provided for in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions.

3. Exhibits

Refer to the Exhibit Index incorporated herein by reference. Each management contract or compensatory plan or arrangement required to be filed as an exhibit to this report is identified in the Exhibit Index by an asterisk following the Exhibit Number.

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

FOR FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

Reserve for Doubtful Accounts Receivable	Balance Beginning of Year	Additions Charged to Earnings	Charges to Reserve, Net	Balance End of Year
2014	$6,501,000	1,321,000	(1,470,000)	$6,352,000
2013	$5,780,000	1,881,000	(1,160,000)	$6,501,000
2012	$4,971,000	3,608,000	(2,799,000)	$5,780,000
Deferred Tax Assets Valuation Allowance	Balance Beginning of Year	Allowance Established for Net Operating and Other Loss Carryforwards	Allowance Reversed for Loss Carryforwards Utilized and Other Adjustments	Balance End of Year
2014	$12,725,000	2,516,000	—	$15,241,000
2013	$12,025,000	9,210,000	(8,510,000)	$12,725,000
2012	$7,259,000	5,430,000	(664,000)	$12,025,000

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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
	By	/s/ David J. Rodgers
		David J. Rodgers
August 26, 2014		Senior Vice President and
		Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.*

/s/ Todd J. Teske	/s/ Patricia L. Kampling
Todd J. Teske	Patricia L. Kampling
Chairman, President and Chief Executive	Director
Officer and Director (Principal Executive Officer)
/s/ David J. Rodgers	/s/ Keith R. McLoughlin
David J. Rodgers	Keith R. McLoughlin
Senior Vice President and Chief Financial	Director
Officer (Principal Financial Officer and
Principal Accounting Officer)
/s/ William F. Achtmeyer	/s/ Frank M. Jaehnert
William F. Achtmeyer	Frank M. Jaehnert
Director	Director
/s/ Henrik C. Slipsager	/s/ Charles I. Story
Henrik C. Slipsager	Charles I. Story
Director	Director
/s/ James E. Humphrey	/s/ Brian C. Walker
James E. Humphrey	Brian C. Walker
Director	Director
	*Each signature affixed as of
	August 26, 2014

82

BRIGGS & STRATTON CORPORATION

(Commission File No. 1-1370)

EXHIBIT INDEX

2014 ANNUAL REPORT ON FORM 10-K

No.	Document Description
3.1	Articles of Incorporation.
	(Filed as Exhibit 3.2 to the Company’s Report on Form 10-Q for the quarter ended October 2, 1994 and incorporated by reference herein.)
3.1(a)	Amendment to Articles of Incorporation.
	(Filed as Exhibit 3.1 to the Company’s Report on Form 10-Q for the quarter ended September 26, 2004 and incorporated by reference herein.)
3.2	Bylaws, as amended and restated as adopted April 15, 2009.
	(Filed as Exhibit 3.2 to the Company’s Report on Form 10-Q for the quarter ended March 29, 2009 and incorporated by reference herein.)
3.2(a)	Amendments to Bylaws as adopted August 8, 2012.
	(Filed as Exhibit 3.1 to the Company’s Report on Form 8-K dated August 8, 2012 and incorporated by reference herein.)
4.0	Rights Agreement dated as of August 7, 1996, as amended through August 8, 2012, between Briggs & Stratton Corporation and Wells Fargo Bank, N.A., as successor rights agent, which includes the form of Right Certificate as Exhibit A and the Summary of Rights to Purchase Common Shares as Exhibit B.
	(Filed as Exhibit 4.1 to the Company’s Registration Statement on Form 8-A/A dated as of August 13, 2012 and incorporated by reference herein.)
4.1	Indenture, dated December 10, 2010, among Briggs & Stratton Corporation, Briggs & Stratton Power Products Group, LLC and Wells Fargo Bank, National Association, as Trustee.
	(Filed as Exhibit 4.1 to the Company’s Report on Form 10-Q for the quarter ended December 26, 2010 and incorporated by reference herein.)
4.2	First Supplemental Indenture, dated December 20, 2010, among Briggs & Stratton Corporation, Briggs & Stratton Power Products Group, LLC and Wells Fargo Bank, National Association, as Trustee.
	(Filed as Exhibit 4.2 to the Company’s Report on Form 10-Q for the quarter ended December 26, 2010 and incorporated by reference herein.)
10.1*	Amended and Restated Supplemental Executive Retirement Plan.
	(Filed as Exhibit 10.2 to the Company’s Report on Form 10-Q for the quarter ended April 1, 2012 and incorporated by reference herein.)
10.1(a)*	Amendment to the Amended and Restated Supplemental Executive Retirement Plan.
	(Filed as Exhibit 10.2 to the Company's Current Report on Form 8-K dated December 14, 2012 and incorporated herein by reference.)
10.2*	Amended and Restated Economic Value Added Incentive Compensation Plan.
	(Filed as Exhibit 10.2 to the Company’s Report on Form 10-K for the fiscal year ended June 30, 2013 and incorporated by reference herein.)
10.2(a)*	Annual Incentive Plan
	(Filed herewith.)
10.3*	Amended and Restated Form of Change of Control Employment Agreement.
	(Filed as Exhibit 10.3 to the Company’s Report on Form 10-K for fiscal year ended June 28, 2009 and incorporated herein by reference.)

83

No.	Document Description
10.3(a)*	Amended and Restated Form of Change of Control Employment Agreement for new officers of the Company.
	(Filed as Exhibit 10.1 to the Company’s Report on Form 8-K dated October 14, 2009 and incorporated by reference herein.)
10.4*	Trust Agreement with an independent trustee to provide payments under various compensation agreements with Company employees upon the occurrence of a change in control.
	(Filed as Exhibit 10.5 (a) to the Company’s Annual Report on Form 10-K for fiscal year ended July 2, 1995 and incorporated by reference herein.)
10.4(a)*	Amendment to Trust Agreement with an independent trustee to provide payments under various compensation agreements with Company employees.
	(Filed as Exhibit 10.5 (b) to the Company’s Annual Report on Form 10-K for fiscal year ended July 2, 1995 and incorporated by reference herein.)
10.4(b)*	Amendment to Trust Agreement with an independent trustee to provide payments under various compensation agreements with Company employees.
	(Filed as Exhibit 10.4(b) to the Company’s Annual Report on Form 10-K for fiscal year ended July 3, 2011 and incorporated by reference herein.)
10.5*	1999 Amended and Restated Stock Incentive Plan.
	(Filed as Exhibit A to the Company’s 1999 Annual Meeting Proxy Statement and incorporated by reference herein.)
10.5(a)*	Amendment to Stock Incentive Plan.
	(Filed as Exhibit 10.2 to the Company’s Report on Form 10-Q for the quarter ended March 30, 2003 and incorporated by reference herein.)
10.5(b)*	Amendment to Stock Incentive Plan.
	(Filed as Exhibit 10.5 (c) to the Company’s Report on Form 10-K for fiscal year ended June 27, 2004 and incorporated by reference herein.)
10.5(c)*	Amended and Restated Briggs & Stratton Corporation Incentive Compensation Plan.
	(Filed as Exhibit 10.5 (c) to the Company’s Report on Form 10-K for fiscal year ended June 27, 2010 and incorporated by reference herein.)
10.6*	Amended and Restated Briggs & Stratton Premium Option and Stock Award Program, effective beginning with plan year 2010.
	(Filed as Exhibit 10.6 to the Company’s Report on Form 10-K for fiscal year ended June 27, 2010 and incorporated by reference herein.)
10.6(a)*	Amended Form of Stock Option Agreement under the Premium Option and Stock Award Program.
	(Filed as Exhibit 10.6 (d) to the Company’s Report on Form 10-K for year ended June 28, 2009 and incorporated herein by reference.)
10.6(b)*	Amended Form of Restricted Stock Award Agreement under the Premium Option and Stock Award Program.
	(Filed as Exhibit 10.6 (b) to the Company’s Report on Form 10-K for fiscal year ended June 27, 2010 and incorporated by reference herein.)
10.6(c)*	Amended Form of Deferred Stock Award Agreement under the Premium Option and Stock Award Program.
	(Filed as Exhibit 10.6 (c) to the Company’s Report on Form 10-K for fiscal year ended June 27, 2010 and incorporated by reference herein.)
10.7(a)*	Form of Officer Employment Agreement.
	(Filed as Exhibit 10.1 to the Company’s Report on Form 8-K dated December 8, 2008, and incorporated by reference herein.)
10.7(b)*	Form of Officer Employment Agreement.
	(Filed as Exhibit 10.2 to the Company’s Report on Form 8-K dated December 8, 2008 and incorporated by reference herein.)

84

No.	Document Description
10.8*	Amended and Restated Supplemental Employee Retirement Plan.
	(Filed as Exhibit 10.1 to the Company’s Report on Form 10-Q for the quarter ended April 1, 2012 and incorporated by reference herein.)
10.9*	Briggs & Stratton Corporation Incentive Compensation Plan Performance Share Award Agreement.
	(Filed as Exhibit 10.9 to the Company’s Report on Form 10-K for fiscal year ended June 27, 2010 and incorporated by reference herein.)
10.10*	Form of Director’s Stock Option Agreement under the Director’s Premium Option and Stock Grant Program.
	(Filed as Exhibit 10.12 (a) to the Company’s Report on Form 10-Q for quarter ended April 2, 2006 and incorporated by reference herein.)
10.11*	Amended and Restated Deferred Compensation Plan for Directors.
	(Filed as Exhibit 10.11 to the Company’s Annual Report on Form 10-K for fiscal year ended July 3, 2011 and incorporated by reference herein.)
10.12*	Amended and Restated Director’s Premium Option and Stock Grant Program.
	(Filed as Exhibit 10.12 to the Company’s Report on Form 10-K for fiscal year ended July 3, 2005 and incorporated by reference herein.)
10.13*	Summary of Director Compensation.
	(Filed as Exhibit 10.13 to the Company’s Report on Form 10-K for fiscal year ended June 30, 2013 and incorporated by reference herein.)
10.14*	Executive Life Insurance Plan.
	(Filed as Exhibit 10.17 to the Company’s Annual Report on Form 10-K for fiscal year ended June 27, 1999 and incorporated by reference herein.)
10.14 (a)*	Amendment to Executive Life Insurance Program.
	(Filed as Exhibit 10.14 (a) to the Company’s Report on Form 10-K for fiscal year ended June 29, 2003 and incorporated by reference herein.)
10.14(b)*	Amendment to Executive Life Insurance Plan.
	(Filed as Exhibit 10.14 (b) to the Company’s Report on Form 10-K for fiscal year ended June 27, 2004 and incorporated by reference herein.)
10.15*	Amended & Restated Key Employee Savings and Investment Plan.
	(Filed as Exhibit 10.15 to the Company’s Annual Report on Form 10-K for fiscal year ended June 30, 2013 and incorporated by reference herein.)
10.16*	Consultant Reimbursement Arrangement.
	(Filed as Exhibit 10.19 to the Company’s Annual Report on Form 10-K for fiscal year ended June 27, 1999 and incorporated by reference herein.)
10.17*	Briggs & Stratton Product Program.
	(Filed as Exhibit 10.18 to the Company’s Annual Report on Form 10-K for fiscal year ended June 30, 2002 and incorporated by reference herein.)
10.18*	Amendment to the Briggs & Stratton Product Program.
	(Filed as Exhibit 10.17 (a) to the Company’s Report on Form 10-K for fiscal year ended June 27, 2010 and incorporated by reference herein.)
10.19	Stipulation of Settlement, dated February 24, 2010.
	(Filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated February 24, 2010 and incorporated herein by reference.)

85

No.	Document Description
10.20	Asset Purchase Agreement, dated January 25, 2005, by and among Briggs & Stratton Power Products Group, LLC, Briggs & Stratton Canada Inc., Murray, Inc. and Murray Canada Co.
	(Filed as Exhibit 10.1 to the Company’s Report on Form 8-K dated January 25, 2005 and incorporated by reference herein.)
10.21	Transition Supply Agreement, dated February 11, 2005, between Briggs & Stratton Power Products Group, LLC and Murray, Inc.
	(Form of Transition Supply Agreement filed as Exhibit 10.2 to the Company’s Report on Form 8-K dated January 25, 2005 and incorporated by reference herein.)
10.22	Multicurrency Credit Agreement, dated October 13, 2011, among Briggs & Stratton Corporation, Briggs & Stratton AG, various financial institutions, and BMO Harris Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., and PNC Bank, National Association, as co-documentation agents, and U.S. Bank National Association as syndication agent, and JPMorgan Chase Bank, N.A., as administrative agent, an issuing lender and swing line lender, and J.P. Morgan Securities LLC and U.S. Bank National Association, as Joint Lead Arrangers and Joint Book Managers.
	(Filed as Exhibit 4.1 to the Company’s Report on Form 8-K dated October 13, 2011 and incorporated by reference herein.)
10.22(a)	First Amendment to the Multicurrency Credit Agreement.
	(Filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 and incorporated herein by reference.)
10.22(b)	Second Amendment to the Multicurrency Credit Agreement.
	(Filed as Exhibit 10.1 to the Company's Current Report on Form 8-K dated October 21, 2013 and incorporated by reference herein.)
10.23	Class B Preferred Share Redemption Agreement.
	(Filed as Exhibit 10.4 to the Company’s Report on Form 10-Q for the quarter ended December 30, 2007 and incorporated by reference herein.)
10.24	Victa Agreement.
	(Filed as Exhibit 10.25 to the Company’s Report on Form 10-K for fiscal year ended June 29, 2008 and incorporated by reference herein.)
10.25*	Expatriate Agreement between Briggs & Stratton Corporation, Briggs & Stratton International, Inc. and William H. Reitman.
	(Filed as Exhibit 10.1 to the Company's Current Report on Form 8-K dated September 6, 2013 and incorporated by reference herein.)
12	Computation of Ratio of Earnings (Losses) to Fixed Charges.
	(Filed herewith.)
16.1	Letter of PricewaterhouseCoopers LLP, dated December 21, 2012.
	(Filed as Exhibit 16.1 to the Company's Current Report on Form 8-K dated December 21, 2012 and incorporated herein by reference.)
21	Subsidiaries of the Registrant.
	(Filed herewith.)
23.1	Consent of Deloitte & Touche LLP, an Independent Registered Public Accounting Firm.
	(Filed herewith.)
23.2	Consent of PricewaterhouseCoopers LLP, an Independent Registered Public Accounting Firm.
	(Filed herewith.)
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
	(Filed herewith.)

86

No.	Document Description
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 financial information from the Company’s Annual Report on Form 10-K for the fiscal year ended June 29, 2014, formatted in eXtensible Business Reporting Language (XBRL): (i) Consolidated Balance Sheets at June 29, 2014 and June 30, 2013; (ii) Consolidated Statements of Operations for the Fiscal Years Ended June 29, 2014, June 30, 2013, and July 1, 2012; (iii) the Consolidated Condensed Statements of Comprehensive Income (Loss) for the Fiscal Years Ended June 29, 2014, June 30, 2013, and July 1, 2012; (iv) Consolidated Statements of Shareholders’ Investment for the Fiscal Years Ended June 29, 2014, June 30, 2013, and July 1, 2012; (v) Consolidated Statements of Cash Flows for the Fiscal Years Ended June 29, 2014, June 30, 2013, and July 1, 2012; (vi) Notes to Consolidated Financial Statements; and (vii) Schedule II—Valuation and Qualifying Accounts.
*	Management contracts and executive compensation plans and arrangements required to be filed as exhibits pursuant to Item 15(a)(3) of Form 10-K.

87

Directors

JAMES E. HUMPHREY(2)(5)	Retired Chairman of Andersen Corporation, a window and door manufacturer
FRANK M. JAEHNERT(1)(4)	Retired President and Chief Executive Officer of Brady Corporation, a leader in identification solutions
PATRICIA L. KAMPLING(1)(3)(4)	Chairman, President and Chief Executive Officer of Alliant Energy Corporation, a regulated investor-owned public utility holding company
KEITH R. McLOUGHLIN(3)(5)	President and Chief Executive Officer of AB Electrolux, a manufacturer of major home appliances
HENRIK C. SLIPSAGER (1)(5)	President and Chief Executive Officer of ABM Industries, Inc., a provider of integrated facility solutions
CHARLES I. STORY(2)(3)(4)	President of ECS Group, Inc., an executive development company
TODD J. TESKE(3)	Chairman, President and Chief Executive Officer of Briggs & Stratton Corporation
BRIAN C. WALKER(2)(3)(4)	President and Chief Executive Officer, Herman Miller, Inc., a global provider of office furniture and services

Committees: (1) Audit, (2) Compensation, (3) Executive, (4) Finance, (5) Nominating and Governance.

Elected Officers

TODD J. TESKE	Chairman, President & Chief Executive Officer
HAROLD L. REDMAN	Senior Vice President & President – Turf & Consumer Products
WILLIAM H. REITMAN	Senior Vice President & Managing Director – Europe and Global Service
DAVID J. RODGERS	Senior Vice President & Chief Financial Officer
EDWARD J. WAJDA	Senior Vice President & President – Standby/Job Site Products & International
JOSEPH C. WRIGHT	Senior Vice President & President – Engines Group
RANDALL R. CARPENTER	Vice President – Marketing
DAVID G. DEBAETS	Vice President – North America Operations (Engines Group)
ANDREA L. GOLVACH	Vice President & Treasurer
ROBERT F. HEATH	Vice President, General Counsel & Secretary
MARK A. SCHWERTFEGER	Vice President – Controller

88

Appointed Vice Presidents & Subsidiary/Group Officers

Corporate
SHAUNNA BALADY	Vice President – Corporate Development
EDWARD D. BEDNAR	Vice President – Business Integration
BRENT W. HOAG	Vice President – Chief Information Officer
MARVIN B. KLOWAK	Global Vice President – Research & Development
JEFFREY G. MAHLOCH	Vice President – Human Resources
MICHAEL M. MILLER	Vice President – Business Development
LAURA A. TIMM	Vice President – Corporate Communications and Public Affairs
JEFFREY M. ZEILER	Vice President – Global Product Innovation
International
PHILIP J. CAPPITELLI	Vice President & Managing Director - Latin America
PETER HOTZ	Vice President – Global Technical Services
ROB SPLETTER	Managing Director – South East Asia
THOMAS H. RUGG	Managing Director – Australasia
GEORGE ZHANG	Managing Director - China
Engines Group
RANDALL E. BALLARD	Vice President – North American Engine Sales
JEFFREY W. COAD	Vice President – Engine Products
JOHN R. GUY III	Vice President & General Manager – Distribution
RICHARD R. ZECKMEISTER	Vice President – Consumer Marketing & Planning

Products Group
BEN DUKE	Vice President – Marketing – Products
GREG INWOOD	Vice President – Standby Products
DONALD W. KLENK	Vice President – Operations – Products Group
ERIK P. MEMMO	Vice President – North American Dealer Sales
ROBERT D. PJEVACH	Vice President – Consumer Products
WILLIAM L. SHEA	Vice President – Commercial Sales & Marketing
PHILIP H. WENZEL	Vice President – Commercial Products
THOMAS E. WISER	Vice President – Standby Power Sales

89

SHAREHOLDER COMMUNICATIONS

Information is provided to shareholders on a regular basis to keep them informed of Briggs & Stratton’s activities and financial status. This information is available to any person interested in Briggs & Stratton. Address requests to Shareholder Relations at the Mailing Address listed for the Corporate Offices. A Shareholder Relations Hotline provides a no cost opportunity for shareholders to contact Briggs & Stratton. The Hotline number is 1-800-365-2759.

Briggs & Stratton has an ongoing commitment to provide investors with real time access to financial disclosures, the latest corporate and financial news, and other shareholder information. Visit Briggs & Stratton’s home page on the internet at www.basco.com. Information includes: corporate press releases, web casts of conference calls, dividend information, stock prices, filings with the Securities and Exchange Commission, including Form 10-K Reports, Form 10-Q Reports, Proxy Statements, Section 16 filings, code of ethics for principal executive, financial and accounting officers and additional financial information.

INVESTOR, BROKER, SECURITY ANALYST CONTACT

Stockbrokers, financial analysts and others desiring technical/financial information about Briggs & Stratton should contact David J. Rodgers, Senior Vice President and Chief Financial Officer, at 414-259-5333.

DIVIDEND REINVESTMENT PLAN

The Dividend Reinvestment Plan is a convenient way for shareholders of record to increase their investment in Briggs & Stratton. It enables shareholders to apply quarterly dividends and any cash deposits toward the purchase of additional shares of Briggs & Stratton stock. There is no brokerage fee or administrative charge for this service. For a brochure describing the plan, please call the Shareholder Relations Hotline.

PUBLIC INFORMATION

Persons desiring general information about Briggs & Stratton should contact Laura A. Timm, Vice President –Corporate Communications and Public Affairs, at 414-256-5123.

General Information

EXCHANGE LISTING Briggs & Stratton Corporation common stock is listed on the New York Stock Exchange (symbol:BGG).	FISCAL 2014 AUDITORS Deloitte & Touche LLP 555 E. Wells St. Suite 1400 Milwaukee, Wisconsin 53202
TRANSFER AGENT, REGISTRAR AND DIVIDEND DISBURSER Wells Fargo Shareowner Services 1110 Centre Pointe Curve, Suite 101 Mendota Heights, MN 55120	CORPORATE OFFICES 12301 West Wirth Street Wauwatosa, Wisconsin 53222 Telephone 414-259-5333
Inquiries concerning transfer requirements, lost certificates, dividend payments, change of address and account status should be directed to Wells Fargo Shareowner Services, at 1-800-468-9716.	MAILING ADDRESS Briggs & Stratton Corporation Post Office Box 702 Milwaukee, Wisconsin 53201

90

EX-10.2A

Exhibit 10.2(a)

Effective 6-30-14

BRIGGS & STRATTON CORPORATION

ANNUAL INCENTIVE PLAN

ADMINISTERED BY THE COMPENSATION COMMITTEE

As adopted by the Compensation Committee on April 20, 2004 and amended through August 5, 2014

BRIGGS & STRATTON CORPORATION

ANNUAL INCENTIVE PLAN

I. Plan Objectives

A. To promote the maximization of shareholder value over the long term by providing incentive compensation to elected officers of Briggs & Stratton Corporation in a form which is designed to financially reward participants for an increase in the value of the Company to its shareholders.

B. To provide competitive levels of compensation to enable the Company to attract and retain employees who are able to impact the value of the Company to its shareholders.

C. To encourage teamwork and cooperation in the achievement of Company goals.

D. To recognize differences in the performance of individual participants.

I. Plan Administration

The Administrative Committee (the “Committee”) shall be responsible for the design, administration, and interpretation of the Plan. The Compensation Committee of the Board of Directors will operate as the Administrative Committee.

I. Definitions

A. “Actual BVA” means the BVA as calculated for the relevant Plan Year.

B. “Base Salary” means the Participant’s Compensation for the time that he or she was an eligible employee during the Plan Year.

C. “Briggs & Stratton Value Added” or “BVA” means the Income from Operations after adjustment for non-recurring items, as reported in the Company’s annual report (Form 10-K), that remains after subtracting the Capital Charge, expressed as follows:

Income from Operations

Less: Capital Charge

Equals: BVA

BVA may be positive or negative. Adjustments affecting Income from Operations or the Capital Charge are described in Article IX.F.

D. “Business Goals” means a Participant’s goals used in determining the Participant’s Individual Performance Factor for a Plan Year. Business Goals are agreed to in the beginning of each Plan Year and recorded in the Company’s performance management system. Each Business Goal is subject to review and approval by the Committee before a Bonus is calculated and paid.

E. “Capital” means the Company’s weighted average monthly net operating capital for the Plan Year, as reported in the Company’s annual report (Form 10-K) calculated as follows:

Accounts Receivable (net)

Plus: Inventories (net)

Plus: Property, Plant & Equipment (net)

Less: Accounts Payable (net)

Less: Accrued Liabilities (net)

F. “Capital Charge” means the deemed opportunity cost of employing Capital in the Company’s businesses, determined as follows:

Capital Charge = Capital X Cost of Capital

G. “CEO” means the Chief Executive Officer of Briggs & Stratton Corporation.

H. “Company” means Briggs & Stratton Corporation.

I. “Compensation” means all payments during the Plan Year as reported by the Company’s payroll system, subject to the following:

a. Wages, salaries, commissions, incentive premiums, overtime, deferred compensation paid to a tax-qualified or non-qualified plan as elected by the employee and income excluded pursuant to any plan sponsored by the Company which satisfies Section 125 and/or 132(f)(4) of the Internal Revenue Code,

b. Includes for all employees military duty, jury duty, holiday and vacation pay.

c. Includes overtime for non-exempt employees.

d. Excludes all employee Bonuses, value of benefits, imputed income, amounts contributed by the Company to a savings plan or similar plan, salary continuation for short term and long term disability, workers’ compensation, family leave and other voluntary time off.

J. “Cost of Capital”: The Committee may decide annually to change the Cost of Capital to the extent the Company’s actual cost of capital increases or decreases by more than 1% up or down from the prior Plan Year. The Company’s actual cost of capital will be determined (to the nearest tenth of a percent) by the Committee consistent with the following methodology:

a. Cost of Equity = Risk Free Rate + (Business Risk Index X Average Equity Risk Premium)

b. Debt Cost of Capital = Debt Yield X (1 - Tax Rate)

c. The weighted average of the Cost of Equity and the Debt Cost of Capital is determined by reference to the actual debt-to-capital ratio where the Risk Free Rate is the average daily closing yield rate on 10 year U.S. Treasury Bonds for the month of June immediately preceding the relevant Plan Year, and the Business Risk Index is determined by using an average of the Beta available in the four (4) most recent Value Line reports on the Company. The Average Equity Risk Premium is 6%, the Debt Yield is the weighted average yield of all borrowing included in the Company’s permanent capital, and the tax rate is the combination of the relevant federal and state effective income tax rates.

K. “Group Financial Factor” means a Factor calculated in the same manner as the Company Financial Factor as set forth in Section VI, except that BVA, Actual BVA, Target BVA, OI, Capital (net of intercompany amounts), Capital Charge and other relevant terms shall be defined by reference to the

particular operating group or division, service division or sales group, not by reference to the entire Company.

L. “Operating Income” or “OI” means Income from Operations as reported in the Company’s financial statements subject to adjustment for restructuring charges and material non-recurring items.

M. “Participant” means an elected officer of the Company, or an employee of the Company or one of its subsidiaries, designated for inclusion in this Plan.

N. “Plan” means the Briggs & Stratton Corporation Annual Incentive Plan (“AIP”).

O. “Plan Year” means the one year period coincident with the Company’s fiscal year.

P. “Target BVA” means the target level of BVA for the Plan Year determined by the Committee.

I. Eligibility

A. Eligible Positions. In general, all of the Company’s elected officers and certain direct reports of such individuals, as designated by the Committee, who are employed during any Plan Year, are eligible for participation in the Plan. Participation is recommended by the CEO and approved by the Committee.

B. Nomination and Approval. Each Plan Year, the CEO will nominate eligible employees of the Company and its subsidiaries and affiliates to participate in the Plan for the next Plan Year. The Committee will have the final authority to select Participants among the eligible employees nominated by the CEO. Continued participation in the Plan is contingent on approval of the Committee.

I. Individual Participation Levels

A. Calculation of Bonus. Each Participant’s Bonus will be determined as a function of the Participant’s Compensation paid during the Plan Year, the Participant’s Target Incentive Award (provided in paragraph V.B, below), Company and/or Group Financial Factor(s) (provided in Section VI.A) and the Individual Performance Factor(s) (provided in Section VI.B) for the Plan Year. Each Participant’s Bonus will be calculated as follows:

	Annual Incentive Plan Calculation
		Corporate BVA	Group BVA	Plant BVA	Individual Performance	Total
Target Factor %		50-100%	0-50%	0-50%	0-20%	100%
* Factor		As determined by BVA and Individual Performance
* Weighted Average Factor1		Multiply each Financial and Individual Performance Factor by its Target Factor % and add together
= Bonus2		Multiply Weighted Average Factor by Eligible Compensation

¹ Bonus payout for the Individual Performance Factor is determined separately from the Financial Factor(s); however, if the Corporate BVA Factor <0, the Individual Factor is reduced by 50%.

² In no case may the Bonus exceed two times the Target Incentive Award or be less than zero.

I. Target Incentive Awards. The Target Incentive Award is stated as a percentage of eligible Compensation determined by the Committee. Any and all exceptions to the Target Incentive Award must be pre-approved by the Committee.

A. Company and Group/Plant Financial Factor calculation. For any Plan Year, the Company and Group/Plant Financial Factor(s) will be calculated from a table approved by the Committee that states the Factor(s) that apply(ies) to achievement of various percentages of the Target BVA for the Plan Year. Each Financial Factor will be rated independently and can be a negative or positive value rounded to two decimal places. For Participants with multiple Financial Factors, each Financial Factor will multiplied by the respective percentage of the Target BVA and added together to produce a weighted-average Financial Factor.

B. Individual Performance Factor calculation. Determination of Individual Performance will be the responsibility of the individual to whom the participant reports. This determination will be subject to approval by the Committee and should be in conformance with the process set forth below:

a. The Individual Performance Factor of the Bonus calculation will be based on the accomplishment of Business Goals, as reported and rated in the Company’s performance management system. Business Goals may be individual, financial and/or other goals agreed to at the beginning of each Plan Year by the Participant and his/her manager and approved by the Committee. Whenever possible, individual performance will be evaluated according to quantifiable benchmarks of success. When performance cannot be measured according to a quantifiable monitoring system, an assessment of the Participant’s performance will be evaluated by the Participant’s manager. During the annual Performance Management process, the manager will assign a ranking to each of the Participant’s Business Goals according to the following schedule:

Individual

Performance Rating Performance Rating

Substantially Exceeds Expectations5

Exceeds Expectations 4

Meets Expectations 3

Below Expectations 2

Unsatisfactory 1

b. Aggregate Individual Performance Factor. The Individual Performance Factor to be used in the calculation of the Bonus shall be equal to the weighted average of the ratings for each Business Goal as reported in the performance management system, using the conversion table below. The Individual Performance Factor will be calculated separately from the Financial Factor(s), except in a Plan Year if the Company Financial Factor is negative, the calculated Individual Performance Factor will be multiplied by 50%.

Weighted Average Rating of Performance Goals1	Payout Factor2	Payout % of Individual Target
4.50 - 5.00	1.68 - 2.00	168% - 200%
4.00 - 4.49	1.34 - 1.67	134% - 167%
3.50 - 3.99	1.01 - 1.33	101% - 133%
3.00 - 3.49	0.51 - 1.00	51% - 100%
2.50 - 2.99	0.01 - 0.50	1% - 50%
0.00 - 2.49	-0-	-0-

¹Excludes ratings on Cultural Attributes

²Payout Factor will be determined using straight-line interpolation for ratings between steps

VII. Change in Status During the Plan Year

A. New Hire, Re-hire, Transfer, Promotion, Demotion

A newly hired or re-hired employee, or an employee transferred, promoted, or demoted during the Plan Year to a position qualifying for participation (or leaving the participating class) may accrue (subject to discretion of the Committee) a pro rata Bonus using the Participant’s compensation paid in each participating position. Any and all exceptions to the Target Incentive Award must be pre-approved by the Committee.

A. Discharge

An employee discharged during the Plan Year shall not be eligible for a Bonus, even though his or her service arrangement or contract extends past year-end, unless the Committee determines that the conditions of the termination indicate that a prorated Bonus is appropriate. The Committee shall have full and final authority in making such a determination.

B. Resignation

An employee who resigns during the Plan Year, for any reason except retirement, will not be eligible for a Bonus.

C. Death, Disability, Retirement

a. If a Participant’s employment is terminated during a Plan Year by reason of death, disability, or normal or early retirement as defined in the Company’s U.S. retirement plan (the Briggs & Stratton Retirement Plan) without regard to whether the Participant is covered by the retirement plan, a final prorated Bonus will be calculated at the end of the Plan Year using the Participant’s compensation paid during the Plan Year.

b. For purposes of this section, the date a Participant is deemed to be terminated pursuant to disability shall be the date the employee begins receiving a monthly Long Term Disability Benefit under the Company’s Group Insurance Plan.

c. Any Bonus remaining unpaid at the employee’s death shall be paid to the employee’s estate.

1. Each employee may name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Plan is to be paid in case of the employee’s death.

2. Each such designation shall revoke all prior designations by the employee, shall be in the form prescribed by the Committee, and shall be effective only when filed by the employee in writing with the Committee during his or her lifetime.

3. In the absence of any such designation, benefits remaining unpaid at the employee’s death shall be paid to the employee’s estate.

D. Leave of Absence

An employee whose status as an active employee is changed during a Plan Year as a result of a leave of absence may, at the discretion of the Committee, be eligible for a pro rata Bonus determined in the same way as in paragraph D of this Section.

I. Bonus Payment

A. All Bonuses of Participants shall be paid in cash, less amounts required by law to be withheld for income and employment tax purposes, no later than the last day allowed under current tax law following the end of the Plan Year in which the Bonus was earned.

B. Participants who completed a Plan Year must have a performance rating of Meets Expectations, Exceed Expectations, Substantially Exceeds Expectations or Developing Performer for the Plan Year to be eligible for a payout; Participants rated Below Expectations or Unsatisfactory will not receive a Bonus payout.

I. Administrative Provisions

A. Amendments, Suspension, Termination and Recovery. The Committee shall have the right to modify or amend this Plan from time to time, or suspend it or terminate it entirely. The Committee may suspend or terminate a Bonus for a Plan Year at any time prior to its payment to the Participant. The Committee may also recover all or any portion of a Total Bonus Payout to an officer with respect to (1) a Plan Year for which there occurs within the three (3) years following the award a material restatement of the Company’s annual report filed with the SEC due to the negligence or misconduct of one or more persons, and (2) any subsequent Plan Year in which a Bonus was materially affected by the restatement.

B. Interpretation of Plan. Any decision of the Committee with respect to any issues concerning individuals selected for awards, the amount, terms, form and time of payment of awards, and interpretation of any Plan guideline, definition, or requirement shall be final and binding.

C. Effect of Award on Other Employee Benefits. By acceptance of a bonus award, each recipient agrees that such award is special additional compensation and that it will not affect any employee benefit (e.g., life insurance, etc.) in which the recipient participates, except as provided in paragraph D below.

D. Retirement Programs. Bonuses paid under this Plan shall be included in the employee’s compensation for purposes of the Company Retirement Plan(s) and Savings Plan(s) to the extent allowed.

E. Right to Continued Employment; Additional Awards. The receipt of a Bonus award shall not give the recipient any right to continued employment, and the right and power to dismiss any employee is specifically reserved to the Company. In addition, the receipt of a bonus award with respect to any Plan Year shall not entitle the recipient to an award with respect to any subsequent Plan Year.

F. Adjustments to Performance or Achievement Goals. When a performance or achievement goal is based on Briggs & Stratton Value Added or other quantifiable financial or accounting measures, it may be necessary to exclude or adjust significant non-budgeted or non-controllable capital investments or gains or losses from actual financial results in order to properly measure performance. The Committee will decide those items that shall be considered in adjusting actual results. For example, some types of items that may be considered for exclusion or adjustment are:

a. Any gains or losses which will be treated as extraordinary in the Company’s financial statements.

b. Profits or losses of any entities acquired by the Company during the Plan Year, assuming they were not included in the budget and/or the goal.

c. Material gains or losses not in the budget and/or the goal which are of a nonrecurring nature and are not considered to be in the ordinary course of business. Some of these would be as follows:

d. Gains or losses from the sale or disposal of real estate or property.

e. Gains resulting from insurance recoveries when such gains relate to claims filed in prior years.

f. Losses resulting from natural catastrophes, when the cause of the catastrophe is beyond the control of the Company and did not result from any failure or negligence on the Company’s part.

1. Capital incurred for a major acquisition for a reasonable period following such acquisition.

2. Restructuring charges and related amortization periods.

X.Miscellaneous

A. Indemnification. Each person who is or who shall have been a member of the Committee or of the Board, or who is or shall have been an employee of the Company, shall not be liable for, and shall be indemnified and held harmless by the Company from, any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with any claim, action, suit, or proceeding to which he or she may be a party by reason of any action taken or failure to act under this Plan. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

B. Expenses of the Plan. The expenses of administering this Plan shall be borne by the Company.

C. Withholding Taxes. The Company shall have the right to deduct from all payments under this Plan any Federal or state taxes required by law to be withheld with respect to such payments.

D. Governing Law. This Plan shall be construed in accordance with and governed by the laws of the State of Wisconsin.

E. Section 409A. To facilitate compliance with Internal Revenue Code Section 409A, a payment otherwise required to be paid under this Plan shall be neither accelerated nor deferred nor shall there otherwise be a change in the time at which any payment due hereunder is to be paid, except pursuant to a specific written amendment adopted by the Board of Directors of Briggs & Stratton Corporation, which amendment is consistent with the requirements of applicable regulations under Internal Revenue Code Section 409A. Further, no individual shall be deemed to have a termination of employment for purposes of this Plan unless such termination of employment also constitutes a separation from service within the meaning of Code Section 409A.

EX-12.0

Exhibit 12

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2014 ANNUAL REPORT ON FORM 10-K

COMPUTATION OF RATIO OF EARNINGS (LOSSES) TO FIXED CHARGES

(in thousands)

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			July 1, 2012			July 3, 2011			June 27, 2010
Earnings (Loss)
Income (Loss) before income taxes	$	37,134		$	(54,164	)	$	29,873		$	32,054		$	49,073
Less: Equity income from equity investees	(6,264		)	(4,244		)	(5,100		)	(5,082		)	(4,071		)
Add: Fixed Charges	20,911			21,139			21,317			25,942			29,520
Add: Distributed income of equity investees	4,070			4,636			4,029			6,980			4,005
Earnings (Loss) as defined	$	55,851		$	(32,633	)	$	50,119		$	59,894		$	78,527
Fixed Charges
Interest expense	$	18,466		$	18,519		$	18,542		$	23,014		$	25,573
Amortization of discounts related to indebtedness	—			—			—			304			896
Interest expense as reported	18,466			18,519			18,542			23,318			26,469
Amortization of debt issuance costs	988			1,007			1,209			934			1,250
Portion of rent expense relating to interest	1,457			1,613			1,566			1,690			1,801
Fixed charges as defined	$	20,911		$	21,139		$	21,317		$	25,942		$	29,520
Ratio of earnings (loss) to fixed charges	2.7x			—			2.4x			2.3x			2.7x
Coverage deficiency	$	—		$	53,772		$	—		$	—		$	—

EX-21

Exhibit 21

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2014 ANNUAL REPORT ON FORM 10-K

SUBSIDIARIES OF THE REGISTRANT

Subsidiary	State or Country of Incorporation	Percent Voting Stock/Interests Owned
Briggs & Stratton AG	Switzerland	100%
Briggs & Stratton Australia Pty. Limited	Australia	100%
Briggs & Stratton Austria GmbH	Austria	100%
Briggs & Stratton Canada Inc.	Canada	100%
Briggs & Stratton (Chongqing) Engine Co., Ltd.	China	95%
Briggs & Stratton CZ, s.r.o.	Czech Republic	100%
Daihatsu Briggs & Stratton Co., Ltd.	Japan	50%
Briggs & Stratton France, S.A.R.L.	France	100%
Briggs & Stratton Germany GmbH	Germany	100%
Briggs & Stratton Iberica, S.L.	Spain	100%
Briggs & Stratton International Holding BV	Netherlands	100%
Briggs & Stratton International AG	Switzerland	100%
Briggs & Stratton International, Inc.	Wisconsin	100%
Briggs & Stratton Italy S.r.l.	Italy	100%
Briggs & Stratton Japan KK	Japan	100%
Briggs & Stratton (Malaysia) Sdn. Bhd.	Malaysia	100%
Briggs & Stratton Mexico S.A. de C.V.	Mexico	100%
Briggs & Stratton Netherlands B.V.	Netherlands	100%
Briggs & Stratton New Zealand Limited	New Zealand	100%
Nikki America Fuel Systems, LLC	Delaware	30%
Briggs & Stratton Power Products Group, LLC	Delaware	100%
Branco Motores Ltda.	Brazil	100%
Briggs & Stratton RSA (Pty.) Ltd.	South Africa	100%
Starting USA Corporation	Missouri	50%
Briggs & Stratton (Shanghai) International Trading Co., Ltd.	China	100%
Briggs & Stratton Sweden AB	Sweden	100%
Briggs & Stratton Tech, LLC	Wisconsin	100%
Briggs & Stratton U.K. Limited	United Kingdom	100%
Briggs & Stratton India Private Limited	India	100%
Victa Lawncare Pty. Ltd.	Australia	100%
Victa Limited	Australia	100%

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement Nos. 33-39113, 33-54357, 333- 42842, 333-123512, and 333-168157 on Form S-8 and No. 333-190840 on Form S-3 of our report dated August 26, 2014, relating to the consolidated financial statements and financial statement schedule of Briggs & Stratton Corporation and subsidiaries as of June 29, 2014 and June 30, 2013, and for the years then ended, and the effectiveness of Briggs & Stratton Corporation’s internal control over financial reporting as of June 29, 2014, appearing in this Annual Report on Form 10-K of Briggs & Stratton Corporation for the year ended June 29, 2014.

/s/ Deloitte & Touche LLP

Milwaukee, WI

August 26, 2014

EX-23.2

Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statement on FormS‑3 (No. 333-190840) and Form S-8 (Nos. 33-39113, 33-54357, 333-42842, 333-123512, and 333-168157) of Briggs & Stratton Corporation of our report dated August 28, 2012 relating to the financial statements and financial statement schedule, which appears in this Form 10‑K.

/s/ PricewaterhouseCoopers LLP

Milwaukee, WI

August 26, 2014

EX-31.1

Exhibit 31.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2014 Annual Report on Form 10-K

Certification of Principal Executive Officer

I, Todd J. Teske, certify that:

1. I have reviewed this annual report on Form 10-K 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:	August 26, 2014	/s/ Todd J. Teske
		Todd J. Teske
		Chief Executive Officer

EX-31.2

Exhibit 31.2

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2014 Annual Report on Form 10-K

Certification of Principal Financial Officer

I, David J. Rodgers, certify that:

1. I have reviewed this annual report on Form 10-K 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:	August 26, 2014	/s/ David J. Rodgers
		David J. Rodgers
		Chief Financial Officer

EX-32.1

Exhibit 32.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

2014 Annual Report on Form 10-K

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 Annual Report of Briggs & Stratton Corporation (the “Company”) on Form 10-K for the fiscal year ended June 29, 2014, 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

August 26, 2014

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

2014 Annual Report on Form 10-K

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 Annual Report of Briggs & Stratton Corporation (the “Company”) on Form 10-K for the fiscal year ended June 29, 2014, 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

August 26, 2014

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.

XML

Indebtedness (Tables)

12 Months Ended

Jun. 29, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

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

	2014		2013
Multicurrency Credit Agreement	$	—	$	—
6.875% Senior Notes	225,000		225,000
Total Long-Term Debt	$	225,000	$	225,000

Schedule of Foreign Lines of Credit Included In Short-Term Debt

Outstanding balances are as follows (in thousands):

	2014			2013
Balance at Fiscal Year-End	$	—		$	300
Weighted Average Interest Rate at Fiscal Year-End	—		%	3.86		%

XML

Accumulated Other Comprehensive Income (Loss) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014		Jun. 30, 2013		Jul. 01, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (224,928)		$ (322,704)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	10,322		107,999
Other Comprehensive Income (Loss), Before Reclassifications, Tax	(3,493)		(41,549)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	6,829		66,450
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	36,889		50,896
Other Comprehensive Income (Loss), Tax	(14,047)		(19,570)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	22,842		31,326
Other Comprehensive Income (Loss), Net of Tax	29,671		97,776		(79,206)
Ending Balance	(195,257)		(224,928)		(322,704)
Transition Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			7
Prior Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(2,715)	[1]	(3,223)	[1]
Actuarial Losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	30,632	[1]	42,445	[1]
Foreign Exchange Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	2,133	[2]	2,023	[2]
Commodity Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	5,630	[2]	9,644	[2]
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	1,209	[2]	0	[2]
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	11,885		12,502
Other Comprehensive Income (Loss), before Reclassifications, before Tax	1,168		(617)
Other Comprehensive Income (Loss), Before Reclassifications, Tax	0		0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	1,168		(617)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Other Comprehensive Income (Loss), Tax	0		0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0		0
Other Comprehensive Income (Loss), Net of Tax	1,168		(617)
Ending Balance	13,053		11,885
Accumulated Translation Adjustment [Member] | Transition Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			0
Accumulated Translation Adjustment [Member] | Prior Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Translation Adjustment [Member] | Actuarial Losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Translation Adjustment [Member] | Foreign Exchange Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Translation Adjustment [Member] | Commodity Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Translation Adjustment [Member] | Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(3,673)		(7,654)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(4,797)		(5,141)
Other Comprehensive Income (Loss), Before Reclassifications, Tax	1,823		2,005
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(2,974)		(3,136)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	8,972		11,667
Other Comprehensive Income (Loss), Tax	(3,409)		(4,550)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	5,563		7,117
Other Comprehensive Income (Loss), Net of Tax	2,589		3,981
Ending Balance	(1,084)		(3,673)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Transition Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Prior Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Actuarial Losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Foreign Exchange Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	2,133	[2]	2,023	[2]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Commodity Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	5,630	[2]	9,644	[2]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	1,209	[2]	0	[2]
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(233,140)		(327,552)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	13,951		113,757
Other Comprehensive Income (Loss), Before Reclassifications, Tax	(5,316)		(43,554)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	8,635		70,203
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	27,917		39,229
Other Comprehensive Income (Loss), Tax	(10,638)		(15,020)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	17,279		24,209
Other Comprehensive Income (Loss), Net of Tax	25,914		94,412
Ending Balance	(207,226)		(233,140)
Accumulated Defined Benefit Plans Adjustment [Member] | Transition Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			7
Accumulated Defined Benefit Plans Adjustment [Member] | Prior Service Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(2,715)	[1]	(3,223)	[1]
Accumulated Defined Benefit Plans Adjustment [Member] | Actuarial Losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	30,632	[1]	42,445	[1]
Accumulated Defined Benefit Plans Adjustment [Member] | Foreign Exchange Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Defined Benefit Plans Adjustment [Member] | Commodity Contract [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0		0
Accumulated Defined Benefit Plans Adjustment [Member] | Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	$ 0		$ 0

[1] (2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

[2] (1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

XML

Summary of Significant Accounting Policies (Schedule Of Results Of Operations Of Unconsolidated Affiliated Companies) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Accounting Policies [Abstract]
Sales	$ 143,007	$ 113,452	$ 129,063
Cost of Goods Sold	116,158	92,844	103,254
Gross Profit	26,849	20,608	25,809
Net Income	$ 13,653	$ 8,057	$ 9,751

XML

Segment and Geographic Information and Significant Customers Segment and Geographical Information and Significant Customers (Schedule of Restructuring Charges, Impairment and Litigation Settlement Impact on Operating Income Loss By Segment) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Restructuring, Goodwill & Tradename and Litigation Settlement Charges	$ 14,999	$ 114,153	$ 49,867
Engines [Member]
Restructuring, Goodwill & Tradename and Litigation Settlement Charges	3,524	14,320	18,314
Products [Member]
Restructuring, Goodwill & Tradename and Litigation Settlement Charges	$ 11,475	$ 99,833	$ 31,553

XML

Acquisitions (Details) (USD $) In Millions, unless otherwise specified	1 Months Ended	12 Months Ended
	Aug. 14, 2014 Allmand Bros. [Member]	Jun. 30, 2013 Branco [Member]	Jun. 30, 2013 Branco [Member] Engines [Member]	Jun. 30, 2013 Branco [Member] Products [Member]
Business Acquisition, Cost of Acquired Entity, Cash Paid	$ 62.0	$ 59.6
Business Acquisition, Goodwill, Expected Tax Deductible Amount		15.3	4.6	10.7
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill		24.0
Business Acquisitions, Purchase Price Allocation, Customer Relationships Amount		14.6
Business Acquisition, Purchase Price Allocation, Tradenames Amount		$ 9.4

XML

Other Income, Net (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Other Income and Expenses [Abstract]
Interest Income	$ 1,540	$ 888	$ 512
Equity in Earnings from Unconsolidated Affiliates	6,264	4,244	5,100
Other Items	1,538	1,809	1,566
Total	$ 9,342	$ 6,941	$ 7,178

XML

Restructuring Actions Positions Eliminated (Details)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated - Subsequent Event	475
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%

XML

Valuation and Qualifying Accounts (Tables)

12 Months Ended

Jun. 29, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

FOR FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

Reserve for Doubtful Accounts Receivable	Balance Beginning of Year	Additions Charged to Earnings	Charges to Reserve, Net	Balance End of Year
2014	$6,501,000	1,321,000	(1,470,000)	$6,352,000
2013	$5,780,000	1,881,000	(1,160,000)	$6,501,000
2012	$4,971,000	3,608,000	(2,799,000)	$5,780,000
Deferred Tax Assets Valuation Allowance	Balance Beginning of Year	Allowance Established for Net Operating and Other Loss Carryforwards	Allowance Reversed for Loss Carryforwards Utilized and Other Adjustments	Balance End of Year
2014	$12,725,000	2,516,000	—	$15,241,000
2013	$12,025,000	9,210,000	(8,510,000)	$12,725,000
2012	$7,259,000	5,430,000	(664,000)	$12,025,000

XML

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Jun. 29, 2014

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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

	Fiscal Year Ended June 29, 2014
	Cumulative Translation Adjustments		Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,885	$	(3,673	)	$	(233,140	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	1,168		(4,797		)	13,951			10,322
Income Tax Benefit (Expense)	—		1,823			(5,316		)	(3,493		)
Net Other Comprehensive Income (Loss) Before Reclassifications	1,168		(2,974		)	8,635			6,829
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—		2,133			—			2,133
Realized (Gains) Losses - Commodity Contracts (1)	—		5,630			—			5,630
Realized (Gains) Losses - Interest Rate Swaps (1)	—		1,209			—			1,209
Amortization of Prior Service Costs (Credits) (2)	—		—			(2,715		)	(2,715		)
Amortization of Actuarial Losses (2)	—		—			30,632			30,632
Total Reclassifications Before Tax	—		8,972			27,917			36,889
Income Tax Expense (Benefit)	—		(3,409		)	(10,638		)	(14,047		)
Net Reclassifications	—		5,563			17,279			22,842
Other Comprehensive Income (Loss)	1,168		2,589			25,914			29,671
Ending Balance	$	13,053	$	(1,084	)	$	(207,226	)	$	(195,257	)

(1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

(2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

	Fiscal Year Ended June 30, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	12,502		$	(7,654	)	$	(327,552	)	$	(322,704	)
Other Comprehensive Income (Loss) Before Reclassification	(617		)	(5,141		)	113,757			107,999
Income Tax Benefit (Expense)	—			2,005			(43,554		)	(41,549		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(617		)	(3,136		)	70,203			66,450
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			2,023			—			2,023
Realized (Gains) Losses - Commodity Contracts (1)	—			9,644			—			9,644
Realized (Gains) Losses - Interest Rate Swaps (1)	—			—			—			—
Transition Obligation (2)	—			—			7			7
Amortization of Prior Service Costs (Credits) (2)	—			—			(3,223		)	(3,223		)
Amortization of Actuarial Losses (2)	—			—			42,445			42,445
Total Reclassifications Before Tax	—			11,667			39,229			50,896
Income Tax Expense (Benefit)	—			(4,550		)	(15,020		)	(19,570		)
Net Reclassifications	—			7,117			24,209			31,326
Other Comprehensive Income (Loss)	(617		)	3,981			94,412			97,776
Ending Balance	$	11,885		$	(3,673	)	$	(233,140	)	$	(224,928	)

(1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

(2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

XML

Commitments and Contingencies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 29, 2014
Commitments and Contingencies Disclosure [Abstract]
Litigation Settlement	$ 1.9

XML

Segment and Geographic Information and Significant Customers (Schedule of Revenue by Major Customers by Reporting Segment) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Minimum percentage of net sales to be considered a major customer	10.00%
Net Sales	$ 528,366	$ 492,131	$ 496,634
Percentage of Net Sales	29.00%	26.00%	24.00%
HOP [Member]
Net Sales	293,225	251,098	265,752
Percentage of Net Sales	16.00%	13.00%	13.00%
MTD [Member]
Net Sales	$ 235,141	$ 241,033	$ 230,882
Percentage of Net Sales	13.00%	13.00%	11.00%

XML

Derivative Instruments & Hedging Activities Derivative Instruments & Hedging Activities Narrative (Details) (USD $)	12 Months Ended			12 Months Ended
	Jun. 29, 2014	Jun. 29, 2014 Interest Rate Contracts [Member]	Jun. 30, 2013 Interest Rate Contracts [Member]	Jun. 29, 2014 Minimum [Member] Interest Rate Contracts [Member]	Jun. 29, 2014 Maximum [Member] Interest Rate Contracts [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 01, 2019
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ (400,000)

XML

Fair Value Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Senior Notes [Member]
Fair Value of Financial Instruments [Line Items]
Long-Term Debt	$ 225,000	$ 225,000
Long-Term Debt, Fair Value	251,438	250,875
Revolving Credit Facility [Member]
Fair Value of Financial Instruments [Line Items]
Long-Term Debt	0	0
Long-Term Debt, Fair Value	$ 0	$ 0

XML

Separate Financial Information of Subsidiary Guarantors of Indebtedness (Schedule of Consolidated Statement Of Operations) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
NET SALES	$ 1,859,060	$ 1,862,498	$ 2,066,533
Cost of Goods Sold	1,506,436	1,514,597	1,685,048
Cost Of Goods Sold Restructuring Charges	5,841	18,761	44,760
Gross Profit	346,783	329,140	336,725
Engineering, Selling, General and Administrative Expenses	291,367	276,188	290,381
Operating Restructuring Charges	698	3,435	5,107
Goodwill and Tradename Impairment	8,460	90,080	0
Equity in Loss from Subsidiaries	0	0	0
Income (Loss) from Operations	46,258	(40,563)	41,237
Interest Expense	(18,466)	(18,519)	(18,542)
Other Income (Expense), Net	9,342	6,941	7,178
Income (Loss) Before Provision for Income Taxes	37,134	(52,141)	29,873
Provision (Credit) for Income Taxes	8,787	(18,484)	867
Net Income (Loss)	28,347	(33,657)	29,006
Comprehensive Income (Loss)	58,018	64,119	(50,200)
Briggs & Stratton Corporation [Member]
NET SALES	1,156,394	1,126,562	1,235,805
Cost of Goods Sold	928,557	916,859	1,007,493
Cost Of Goods Sold Restructuring Charges	3,830	9,614	4,235
Gross Profit	224,007	200,089	224,077
Engineering, Selling, General and Administrative Expenses	163,594	161,465	167,133
Operating Restructuring Charges	77	3,435	4,001
Goodwill and Tradename Impairment	0	0
Equity in Loss from Subsidiaries	5,622	45,191	5,881
Income (Loss) from Operations	54,714	(10,002)	47,062
Interest Expense	(18,431)	(18,369)	(18,347)
Other Income (Expense), Net	8,251	6,225	4,830
Income (Loss) Before Provision for Income Taxes	44,534	(22,146)	33,545
Provision (Credit) for Income Taxes	16,187	11,511	4,539
Net Income (Loss)	28,347	(33,657)	29,006
Comprehensive Income (Loss)	58,018	64,119	(50,200)
Guarantor Subsidiaries [Member]
NET SALES	599,013	695,137	835,011
Cost of Goods Sold	544,313	626,266	744,103
Cost Of Goods Sold Restructuring Charges	228	8,618	28,790
Gross Profit	54,472	60,253	62,118
Engineering, Selling, General and Administrative Expenses	76,021	71,434	80,915
Operating Restructuring Charges	67	0	1,106
Goodwill and Tradename Impairment	5,500	83,314
Equity in Loss from Subsidiaries	0	0	0
Income (Loss) from Operations	(27,116)	(94,495)	(19,903)
Interest Expense	(6)	(3)	(33)
Other Income (Expense), Net	152	286	207
Income (Loss) Before Provision for Income Taxes	(26,970)	(94,212)	(19,729)
Provision (Credit) for Income Taxes	(9,889)	(30,902)	(8,897)
Net Income (Loss)	(17,081)	(63,310)	(10,832)
Comprehensive Income (Loss)	(16,836)	(62,068)	(12,062)
Non-Guarantor Subsidiaries [Member]
NET SALES	304,160	277,516	321,216
Cost of Goods Sold	234,073	208,189	258,951
Cost Of Goods Sold Restructuring Charges	1,783	529	11,735
Gross Profit	68,304	68,798	50,530
Engineering, Selling, General and Administrative Expenses	51,752	43,289	42,333
Operating Restructuring Charges	554	0	0
Goodwill and Tradename Impairment	2,960	6,766
Equity in Loss from Subsidiaries	0	0	0
Income (Loss) from Operations	13,038	18,743	8,197
Interest Expense	(29)	(147)	(162)
Other Income (Expense), Net	939	430	2,141
Income (Loss) Before Provision for Income Taxes	13,948	19,026	10,176
Provision (Credit) for Income Taxes	2,489	907	5,225
Net Income (Loss)	11,459	18,119	4,951
Comprehensive Income (Loss)	12,832	16,779	(2,529)
Eliminations [Member]
NET SALES	(200,507)	(236,717)	(325,499)
Cost of Goods Sold	(200,507)	(236,717)	(325,499)
Cost Of Goods Sold Restructuring Charges	0	0	0
Gross Profit	0	0	0
Engineering, Selling, General and Administrative Expenses	0	0	0
Operating Restructuring Charges	0	0	0
Goodwill and Tradename Impairment	0	0
Equity in Loss from Subsidiaries	(5,622)	(45,191)	(5,881)
Income (Loss) from Operations	5,622	45,191	5,881
Interest Expense	0	0	0
Other Income (Expense), Net	0	0	0
Income (Loss) Before Provision for Income Taxes	5,622	45,191	5,881
Provision (Credit) for Income Taxes	0	0	0
Net Income (Loss)	5,622	45,191	5,881
Comprehensive Income (Loss)	$ 4,004	$ 45,289	$ 14,591

XML

Indebtedness (Schedule of Long-Term Debt) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Dec. 15, 2010
Debt Instrument [Line Items]
Long-Term Debt	$ 225,000	$ 225,000
Multicurrency Credit Agreement [Member]
Debt Instrument [Line Items]
Multicurrency Credit Agreement	0	0
6.875% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 225,000	$ 225,000	$ 225,000

XML

Stock Incentives Stock Incentives (Performance Share Assumptions Used in Monte Carlo Simulation) (Details) (Performance Shares [Member], USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	128,371	121,230	127,940
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value	$ 2.5	$ 2.4	$ 2.2
Risk-free Interest Rate	0.70%	0.40%	0.30%
Expected Volatility	32.10%	35.50%	46.00%
Expected Dividend Yield (Dividends are Assumed Reinvested)	0.00%	0.00%	0.00%
Expected Term (In Years)	2 years 315 days	2 years 318 days	2 years 318 days

XML

Stock Incentives Stock Incentives (Narrative Other) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Compensation Expense	$ 7,174,000	$ 6,514,000	$ 5,555,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value	600,000	4,400,000	100,000
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options	5,400,000	20,000,000	300,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	7,900,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	1 year 9 months 9 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value	4,100,000	5,800,000
Deferred Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Than Options Granted, Shares	64,553
Deferred Stock [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Than Options Granted, Shares	35,433	38,888	44,127
Deferred Stock [Member] | Officers And Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Than Options Granted, Shares	29,120	43,499	38,250
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value	600,000	800,000	600,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Than Options Granted, Shares	146,320	134,830	111,890
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value	2,800,000	2,500,000	1,700,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Than Options Granted, Shares	128,371	121,230	127,940
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value	$ 2,500,000	$ 2,400,000	$ 2,200,000

XML

Stock Incentives (Schedule of Stock-Based Compensation Programs) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Pretax compensation expense	$ 7,174	$ 6,514	$ 5,555
Tax benefit	(2,738)	(2,541)	(2,166)
Compensation expense, net of tax	4,436	3,973	3,389
Stock Options [Member]
Pretax stock based compensation expense	2,065	1,964	1,760
Tax benefit	(791)	(766)	(686)
Compensation expense, net of tax	1,274	1,198	1,074
Restricted Stock [Member]
Pretax stock based compensation expense	2,563	2,375	2,102
Tax benefit	(982)	(926)	(820)
Compensation expense, net of tax	1,581	1,449	1,282
Deferred Stock [Member]
Pretax stock based compensation expense	685	475	534
Tax benefit	(252)	(185)	(208)
Compensation expense, net of tax	433	290	326
Performance Shares [Member]
Pretax stock based compensation expense	1,861	1,700	1,159
Tax benefit	(713)	(664)	(452)
Compensation expense, net of tax	$ 1,148	$ 1,036	$ 707

XML

Indebtedness (Schedule Of Foreign Lines Of Credit Included In Short-Term Debt) (Details) (Foreign Lines Of Credit [Member], USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Foreign Lines Of Credit [Member]
Balance at Fiscal Year-End	$ 0	$ 300
Weighted Average Interest Rate at Fiscal Year-End	0.00%	3.86%

XML

Segment and Geographic Information and Significant Customers (Schedule of Geographic Sales On Product Shipment Destination) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Revenues, Net	$ 1,859,060	$ 1,862,498	$ 2,066,533
United States
Revenues, Net	1,293,558	1,304,964	1,440,955
All Other Countries [Member]
Revenues, Net	$ 565,502	$ 557,534	$ 625,578

XML

Derivative Instruments & Hedging Activities

12 Months Ended

Jun. 29, 2014

Foreign Currency Derivatives [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivative Instruments & Hedging Activities:

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% to 1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 to May 2019.

The Company periodically 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, Australian Dollars, Mexican Pesos, Canadian Dollars or Japanese Yen. 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 foreign currency and commodity derivative contracts and does not deem any counterparty credit risk material at this time.

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 June 29, 2014 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		June 29, 2014	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	19,904	6,392
Canadian Dollar	Sell	3,100	—
Euro	Sell	49,300	31,000
Japanese Yen	Buy	530,000	905,000
Mexican Peso	Sell	3,000	3,345
Commodity:
Aluminum (Metric Tons)	Buy	—	18
Natural Gas (Therms)	Buy	5,686	5,423

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

Balance Sheet Location	Asset (Liability) Fair Value
	June 29, 2014			June 30, 2013
Interest rate contracts:
Other Long-Term Assets, Net	$	43		$	257
Other Long-Term Liabilities	(1,209		)	(1,020		)
Foreign currency contracts:
Other Current Assets	337			1,752
Other Long-Term Assets, Net	12			—
Accrued Liabilities	(665		)	(1,138		)
Other Long-Term Liabilities	(9		)	—
Commodity contracts:
Other Current Assets	39			—
Accrued Liabilities	(35		)	(3,250		)
Other Long-Term Liabilities	(14		)	(5		)
	$	(1,501	)	$	(3,404	)

The effect of derivatives designated as hedging instruments on the Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Twelve months ended June 29, 2014
	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	$	(254	)	Net Sales	$	(1,209	)	$	—
Foreign currency contracts – sell	(717		)	Net Sales	(1,024		)	—
Foreign currency contracts – buy	182			Cost of Goods Sold	(1,109		)	—
Commodity contracts	3,378			Cost of Goods Sold	(5,630		)	—
	$	2,589			$	(8,972	)	$	—

	Twelve months ended June 30, 2013
	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	$	962		Net Sales	$	—		$	—
Foreign currency contracts – sell	102			Net Sales	(55		)	—
Foreign currency contracts – buy	(177		)	Cost of Goods Sold	(1,968		)	—
Commodity contracts	3,094			Cost of Goods Sold	(9,644		)
	$	3,981			$	(11,667	)	$	—

	Twelve months ended July 1, 2012
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on  Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective  Portion)
Interest rate contracts	$	(1,428	)	Net Sales	$	—		$	—
Foreign currency contracts – sell	1,553			Net Sales	4,031			—
Foreign currency contracts – buy	11			Cost of Goods Sold	132			—
Commodity contracts	(5,547		)	Cost of Goods Sold	(7,292		)	6
	$	(5,411	)		$	(3,129	)	$	6

During the next twelve months, the amount of the June 29, 2014 Accumulated Other Comprehensive Income (Loss) balance that is expected to be reclassified into earnings is $0.4 million.

The Company enters into forward exchange contracts to hedge purchases and sales that are denominated in foreign currencies. The terms of these currency derivatives do not exceed twenty-four months, and the purpose is to protect the Company from the risk that the eventual dollars being transferred will be adversely affected by changes in exchange rates.

The Company has forward foreign exchange contracts to sell foreign currency, with the Euro as the most significant. These contracts are used to hedge foreign currency collections on sales of inventory. The Company also has forward contracts to purchase foreign currencies. The Company’s foreign currency forward contracts are carried at fair value based on current exchange rates.

The Company had the following forward currency contracts outstanding at the end of fiscal 2014:

Hedge		In Thousands
		Notional Value	Contract Value	Fair Value	(Gain) Loss at Fair Value		Conversion Currency	Latest Expiration Date
Currency	Contract
Australian Dollar	Sell	19,904	18,115	18,586	471		U.S.	June 2015
Canadian Dollar	Sell	3,100	2,859	2,899	40		U.S.	April 2015
Euro	Sell	49,300	67,529	67,379	(149	)	U.S.	December 2015
Japanese Yen	Buy	530,000	5,192	5,229	(37	)	U.S.	January 2015
Mexican Peso	Sell	3,000	231	231	—		U.S.	July 2014

The Company had the following forward currency contracts outstanding at the end of fiscal 2013:

Hedge		In Thousands
		Notional Value	Contract Value	Fair Value	(Gain) Loss at Fair Value		Conversion Currency	Latest Expiration Date
Currency	Contract
Australian Dollar	Sell	6,392	6,489	5,798	(691	)	U.S.	March 2014
Euro	Sell	31,000	41,037	40,377	(660	)	U.S.	June 2014
Japanese Yen	Buy	905,000	9,885	9,137	747		U.S.	June 2014
Mexican Peso	Sell	3,345	265	255	(10	)	U.S.	December 2013

The Company continuously evaluates the effectiveness of its hedging program by evaluating its foreign exchange contracts compared to the anticipated underlying transactions. The Company did not have any ineffective currency hedges in fiscal 2014, 2013, or 2012.

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Summary of Significant Accounting Policies (Estimated Useful Lives Of Plant And Equipment) (Details)	12 Months Ended
	Jun. 29, 2014
Minimum [Member] | Software [Member]
Plant and equipment estimated useful lives, years	3 years
Minimum [Member] | Land Improvements [Member]
Plant and equipment estimated useful lives, years	20 years
Minimum [Member] | Buildings [Member]
Plant and equipment estimated useful lives, years	20 years
Minimum [Member] | Machinery & Equipment [Member]
Plant and equipment estimated useful lives, years	3 years
Maximum [Member] | Software [Member]
Plant and equipment estimated useful lives, years	10 years
Maximum [Member] | Land Improvements [Member]
Plant and equipment estimated useful lives, years	40 years
Maximum [Member] | Buildings [Member]
Plant and equipment estimated useful lives, years	50 years
Maximum [Member] | Machinery & Equipment [Member]
Plant and equipment estimated useful lives, years	20 years

XML

Derivative Instruments & Hedging Activities (Tables)

12 Months Ended

Jun. 29, 2014

Foreign Currency Derivatives [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of June 29, 2014 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		June 29, 2014	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	19,904	6,392
Canadian Dollar	Sell	3,100	—
Euro	Sell	49,300	31,000
Japanese Yen	Buy	530,000	905,000
Mexican Peso	Sell	3,000	3,345
Commodity:
Aluminum (Metric Tons)	Buy	—	18
Natural Gas (Therms)	Buy	5,686	5,423

Location and Fair Value of Derivative Instruments on Consolidated Balance Sheets

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

Balance Sheet Location	Asset (Liability) Fair Value
	June 29, 2014			June 30, 2013
Interest rate contracts:
Other Long-Term Assets, Net	$	43		$	257
Other Long-Term Liabilities	(1,209		)	(1,020		)
Foreign currency contracts:
Other Current Assets	337			1,752
Other Long-Term Assets, Net	12			—
Accrued Liabilities	(665		)	(1,138		)
Other Long-Term Liabilities	(9		)	—
Commodity contracts:
Other Current Assets	39			—
Accrued Liabilities	(35		)	(3,250		)
Other Long-Term Liabilities	(14		)	(5		)
	$	(1,501	)	$	(3,404	)

Effect of Derivatives on Consolidated Statements of Operations

The effect of derivatives designated as hedging instruments on the Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Twelve months ended June 29, 2014
	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	$	(254	)	Net Sales	$	(1,209	)	$	—
Foreign currency contracts – sell	(717		)	Net Sales	(1,024		)	—
Foreign currency contracts – buy	182			Cost of Goods Sold	(1,109		)	—
Commodity contracts	3,378			Cost of Goods Sold	(5,630		)	—
	$	2,589			$	(8,972	)	$	—

	Twelve months ended June 30, 2013
	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	$	962		Net Sales	$	—		$	—
Foreign currency contracts – sell	102			Net Sales	(55		)	—
Foreign currency contracts – buy	(177		)	Cost of Goods Sold	(1,968		)	—
Commodity contracts	3,094			Cost of Goods Sold	(9,644		)
	$	3,981			$	(11,667	)	$	—

	Twelve months ended July 1, 2012
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on  Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective  Portion)
Interest rate contracts	$	(1,428	)	Net Sales	$	—		$	—
Foreign currency contracts – sell	1,553			Net Sales	4,031			—
Foreign currency contracts – buy	11			Cost of Goods Sold	132			—
Commodity contracts	(5,547		)	Cost of Goods Sold	(7,292		)	6
	$	(5,411	)		$	(3,129	)	$	6

Schedule of Forward Currency Contracts Outstanding

The Company had the following forward currency contracts outstanding at the end of fiscal 2014:

Hedge		In Thousands
		Notional Value	Contract Value	Fair Value	(Gain) Loss at Fair Value		Conversion Currency	Latest Expiration Date
Currency	Contract
Australian Dollar	Sell	19,904	18,115	18,586	471		U.S.	June 2015
Canadian Dollar	Sell	3,100	2,859	2,899	40		U.S.	April 2015
Euro	Sell	49,300	67,529	67,379	(149	)	U.S.	December 2015
Japanese Yen	Buy	530,000	5,192	5,229	(37	)	U.S.	January 2015
Mexican Peso	Sell	3,000	231	231	—		U.S.	July 2014

The Company had the following forward currency contracts outstanding at the end of fiscal 2013:

Hedge		In Thousands
		Notional Value	Contract Value	Fair Value	(Gain) Loss at Fair Value		Conversion Currency	Latest Expiration Date
Currency	Contract
Australian Dollar	Sell	6,392	6,489	5,798	(691	)	U.S.	March 2014
Euro	Sell	31,000	41,037	40,377	(660	)	U.S.	June 2014
Japanese Yen	Buy	905,000	9,885	9,137	747		U.S.	June 2014
Mexican Peso	Sell	3,345	265	255	(10	)	U.S.	December 2013

XML

Indebtedness (Narrative) (Details) (USD $)	12 Months Ended							12 Months Ended		12 Months Ended				12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012	Jul. 03, 2011	Jun. 30, 2013 6.875% Senior Notes [Member]	Jun. 29, 2014 6.875% Senior Notes [Member]	Dec. 15, 2010 6.875% Senior Notes [Member]	Jun. 30, 2002 Old Senior Notes [Member]	May 14, 2001 Old Senior Notes [Member]	Jun. 29, 2014 Multicurrency Credit Agreement [Member]	Jun. 30, 2013 Multicurrency Credit Agreement [Member]	Oct. 13, 2011 Multicurrency Credit Agreement [Member]	Jun. 29, 2014 Foreign Lines Of Credit [Member]	Jun. 29, 2014 Minimum [Member] Multicurrency Credit Agreement [Member]	Jun. 29, 2014 Maximum [Member] Multicurrency Credit Agreement [Member]
Senior Notes					$ 225,000,000	$ 225,000,000	$ 225,000,000
Debt instrument, interest rate							6.875%		8.875%
Debt Instruments Maturity Date					December 15, 2020			March 15, 2011
Debt Issuance Costs	949,000	0	2,007,000	5,000,000
Line of Credit Facility, Maximum Borrowing Capacity												500,000,000	4,000,000
Date revolving credit facility borrowings are due and payable										Oct. 13, 2016
Line of Credit Facility Increased Available Maximum Borrowing Capacity										250,000,000
Credit agreement, interest rate description	Borrowings under the Revolver by the Company bear interest at a rate per annum equal to, at its option, either:(1) a 1, 2, 3 or 6 month LIBOR rate plus a margin varying from 1.25% to 2.25%, depending on the Company’s average net leverage ratio; or(2) the higher of (a) the federal funds rate plus 0.50%; (b) the bank's prime rate; or (c) the Eurocurrency rate for a one-month interest period plus 1.00%. In addition, the Company is subject to a 0.18% to 0.38% commitment fee and a 1.25% to 2.25% letter of credit fee, depending on the Company’s average net leverage ratio.
Credit agreement interest rate margin on LIBOR														1.25%	2.25%
Credit agreement interest rate margin on federal funds rate										0.50%
Credit agreement interest rate margin on Eurocurrency rate										1.00%
Commitment fee percentage														0.18%	0.38%
Letter of credit fee percentage														1.25%	2.25%
Multicurrency Credit Agreement										$ 0	$ 0

XML

Employee Benefit Costs (Schedule of Significant Assumptions Used In Determining Net Periodic (Income) Expense) (Details)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Pension Benefits [Member]
Discount Rate	5.00%	4.45%	5.35%
Expected Return on Plan Assets	8.25%	8.50%	8.50%
Other Postretirement Benefits [Member]
Discount Rate	4.40%	3.75%	4.45%
Minimum [Member] | Pension Benefits [Member]
Compensation Increase Rate	3.00%	3.00%	3.00%
Maximum [Member] | Pension Benefits [Member]
Compensation Increase Rate	4.00%	4.00%	4.00%

XML

Segment and Geographic Information and Significant Customers (Tables)

12 Months Ended

Jun. 29, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Summarized segment data is as follows (in thousands):

	2014			2013			2012
NET SALES:
Engines	$	1,219,627		$	1,189,674		$	1,309,942
Products	736,312			805,450			952,110
Eliminations	(96,879		)	(132,626		)	(195,519		)
	$	1,859,060		$	1,862,498		$	2,066,533
GROSS PROFIT:
Engines	$	257,441		$	236,486		$	250,323
Products	87,682			87,392			86,193
Eliminations	1,660			5,262			209
	$	346,783		$	329,140		$	336,725
INCOME (LOSS) FROM OPERATIONS:
Engines	$	72,213		$	59,093		$	66,559
Products	(27,615		)	(104,918		)	(25,531		)
Eliminations	1,660			5,262			209
	$	46,258		$	(40,563	)	$	41,237
ASSETS:
Engines	$	1,048,416		$	1,013,204		$	1,120,065
Products	503,609			545,081			629,325
Eliminations	(102,319		)	(110,734		)	(141,159		)
	$	1,449,706		$	1,447,551		$	1,608,231
CAPITAL EXPENDITURES:
Engines	$	56,230		$	36,002		$	42,697
Products	4,141			8,876			6,876
	$	60,371		$	44,878		$	49,573
DEPRECIATION & AMORTIZATION:
Engines	$	39,456		$	42,349		$	45,647
Products	10,887			13,403			18,067
	$	50,343		$	55,752		$	63,714

Restructuring Charges Impact on Gross Profit by Segment

Pre-tax restructuring charges impact on gross profit is as follows (in thousands):

	2014		2013		2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	3,099	$	9,008	$	14,257
Products	2,742		9,753		30,503
Total	$	5,841	$	18,761	$	44,760

Restructuring Charges, Goodwill and Tradename Impairment, and Litigation Settlement Charges Impact on Operating Income Loss by Segment

Pre-tax restructuring, goodwill and tradename impairment, and litigation settlement charges impact on income (loss) from operations is as follows (in thousands):

	2014		2013		2012
PRE-TAX RESTRUCTURING, GOODWILL & TRADENAME IMPAIRMENT AND LITIGATION SETTLEMENT CHARGES INCLUDED IN INCOME (LOSS) FROM OPERATIONS:
Engines	$	3,524	$	14,320	$	18,314
Products	11,475		99,833		31,553
Total	$	14,999	$	114,153	$	49,867

Schedule of Geographic Sales Based on Product Shipment Destination

Information regarding the Company’s geographic sales based on product shipment destination (in thousands):

	2014		2013		2012
United States	$	1,293,558	$	1,304,964	$	1,440,955
All Other Countries	565,502		557,534		625,578
Total	$	1,859,060	$	1,862,498	$	2,066,533

Schedule of Company's Net Property Plant and Equipment Based on Geographic Location

Information regarding the Company’s net plant and equipment based on geographic location (in thousands):

	2014		2013		2012
United States	$	281,029	$	269,477	$	280,954
All Other Countries	15,978		17,718		20,295
Total	$	297,007	$	287,195	$	301,249

Schedule of Revenue by Major Customers by Reporting Segments

Sales to the following customers in the Company’s Engines segment amount to greater than or equal to 10% of consolidated net sales, respectively (in thousands):

	2014				2013				2012
Customer:	Net Sales		%		Net Sales		%		Net Sales		%
HOP	$	293,225	16	%	$	251,098	13	%	$	265,752	13	%
MTD	235,141		13	%	241,033		13	%	230,882		11	%
	$	528,366	29	%	$	492,131	26	%	$	496,634	24	%

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Summary of Significant Accounting Policies (Information On Earnings (Loss) Per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net Income (Loss)	$ 28,347	$ (33,657)	$ 29,006
Less: Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	(768)	(605)	(508)
Net Income (Loss) available to Common Shareholders	$ 27,579	$ (34,262)	$ 28,498
Average Shares of Common Stock Outstanding	46,366	47,172	48,965
Incremental Common Shares Applicable to Common Stock Options and Performance Shares Based on the Common Stock Average Market Price During the Period	70	0	0
Incremental Common Shares Applicable to Deferred and Restricted Common Stock Based on the Common Stock Average Market Price During the Period	0	0	944
Diluted Average Common Shares Outstanding	46,436	47,172	49,909
Basic Earnings (Loss) Per Share	$ 0.59	$ (0.73)	$ 0.58
Diluted Earnings (Loss) Per Share	$ 0.59	$ (0.73)	$ 0.57

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Income Taxes (Schedule Of Unrecognized Tax Benefits) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Income Tax Disclosure [Abstract]
Gross Unrecognized Tax Benefits Beginning Balance	$ 6,949	$ 6,717	$ 12,040
Changes based on tax positions related to prior year	380	0	0
Additions based on tax positions related to current year	378	997	429
Settlements with taxing authorities	0	(39)	(516)
Lapse of statute of limitations	(50)	(726)	(5,236)
Gross Unrecognized Tax Benefits Ending Balance	$ 7,657	$ 6,949	$ 6,717

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Valuation and Qualifying Accounts (Schedule of Valuation and Qualifying Accounts) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Reserve For Doubtful Accounts Receivables [Member]
Balance Beginning of Year	$ 6,501,000	$ 5,780,000	$ 4,971,000
Additions Charged to Earnings	1,321,000	1,881,000	3,608,000
Charges to Reserve, Net	(1,470,000)	(1,160,000)	(2,799,000)
Balance End of Year	6,352,000	6,501,000	5,780,000
Deferred Tax Assets Valuation Allowance [Member]
Balance Beginning of Year	12,725,000	12,025,000	7,259,000
Additions Charged to Earnings	2,516,000	9,210,000	5,430,000
Charges to Reserve, Net	0	(8,510,000)	(664,000)
Balance End of Year	$ 15,241,000	$ 12,725,000	$ 12,025,000

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Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense Of Other Intangible Assets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$ 2,178
2016	2,178
2017	2,178
2018	2,178
2019	2,178
Total amortization expense	$ 10,890

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012	Jun. 29, 2014 Patents [Member]	Jun. 29, 2014 Minimum [Member] Customer Relationships [Member]	Jun. 29, 2014 Maximum [Member] Customer Relationships [Member]	Mar. 30, 2014 Independent Distributors [Member]
Percentage of LIFO inventory included in total inventory	51.00%	48.00%
Value of higher inventory if the FIFO inventory valuation method is exclusively used	$ 64,500,000	$ 62,100,000
Weighted Average useful life, years				13 years	14 years	25 years
Net sales to equity method investees	18,700,000	1,000,000	1,800,000
Purchases of finished products from equity method investees	102,400,000	107,000,000	119,600,000
Equity Method Investments	27,137,000	19,764,000					6,500,000
Amortization of Financing Costs and Discounts	1,000,000	1,000,000	1,200,000
Depreciation	47,200,000	52,300,000	60,300,000
Financing costs included in net sales	5,500,000	6,300,000	5,500,000
Research and Development	19,700,000	18,500,000	19,800,000
Advertising costs	18,500,000	17,700,000	22,300,000
Shipping fee revenue	4,400,000	4,900,000	5,900,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, before Tax		(4,200,000)
Foreign Currency Transaction Gain (Loss), before Tax	$ (3,900,000)	$ (4,100,000)

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 28,347	$ (33,657)	$ 29,006
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:
Depreciation and Amortization	50,343	55,752	63,714
Stock Compensation Expense	7,174	6,514	5,555
Goodwill and Tradename Impairment	8,460	90,080	0
Earnings of Unconsolidated Affiliates	(6,264)	(4,244)	(5,100)
Dividends Received from Unconsolidated Affiliates	4,069	4,636	4,029
Loss on Disposition of Plant and Equipment	465	696	174
Provision (Credit) for Deferred Income Taxes	(5,396)	(27,914)	3,926
Cash Contributions to Qualified Pension Plans	0	(29,363)	(28,746)
Non-Cash Restructuring Charges	4,231	13,081	35,910
Change in Operating Assets and Liabilities:
Accounts Receivable	(29,211)	42,121	6,195
Inventories	30,775	34,696	(20,693)
Other Current Assets	(9,304)	10,232	(6,945)
Accounts Payable, Accrued Liabilities and Income Taxes	47,867	9,196	(9,755)
Other, Net	(4,477)	(11,013)	(11,309)
Net Cash Provided by Operating Activities	127,079	160,813	65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(60,371)	(44,878)	(49,573)
Cash Paid for Acquisition, Net of Cash Acquired	0	(59,627)	(2,673)
Proceeds Received on Disposition of Plant and Equipment	628	12,492	1,457
Net Cash Used in Investing Activities	(59,743)	(92,013)	(50,789)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Repayments on Revolver	0	0	0
Repayments on Short-Term Debt	(300)	(2,700)	0
Debt Issuance Costs	(949)	0	(2,007)
Cash Dividends Paid	(22,697)	(23,285)	(22,011)
Stock Option Exercise Proceeds and Tax Benefits	5,402	19,988	235
Treasury Stock Purchases	(43,047)	(30,359)	(39,287)
Net Cash Used in Financing Activities	(61,591)	(36,356)	(63,070)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	478	(74)	(5,666)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,223	32,370	(53,564)
CASH AND CASH EQUIVALENTS:
Beginning of Year	188,445	156,075	209,639
End of Year	194,668	188,445	156,075
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest Paid	17,499	17,338	18,630
Income Taxes Paid (Refunded)	$ 12,574	$ 1,171	$ (2,388)

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Income Taxes (Narrative) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Income Tax Disclosure [Abstract]
Deferrred Tax asset, Operating Loss Carryforwards, Foreign	$ 2,700,000
Deferred tax assets foreign income tax loss carryforwards and tax incentives	3,700,000
Deferred tax assets foreign not utilized, not subject to expiration	1,900,000
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	1,800,000
Foreign Operating Loss Carryforwards Expiration Dates Minimum	5
Foreign Operating Loss Carryforwards Expiration Dates Maximum	10
Deferred tax as result of state income tax loss and state incentive tax, credit carryforwards	16,500,000
Tax credit expiration dates not utilized against future taxable income	2015 through 2028
Deferred tax assets, valuation allowances	2,900,000
State tax credits not useable against future state income taxes	12,300,000
Deferred tax liabilities, undistributed foreign earnings	65,900,000
Unrecognized tax benefits that would impact effective tax rate	6,500,000
Reasonable possibility of current remaining unrecognized tax benefit being recognized	2,800,000
Unrecognized tax benefits, income tax penalties and interest expense (income)	100,000	200,000	(1,000,000)
Unrecognized tax benefits, income tax penalties and interest accrued	1,200,000	900,000
Liability for uncertain tax positions, noncurrent	$ 8,800,000	$ 7,900,000

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Employee Benefit Costs (Tables)

12 Months Ended

Jun. 29, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Reconciliation of Obligations, Plan Assets and Funded Status

The following provides a reconciliation of obligations, plan assets and funded status of the plans for the two years indicated (in thousands):

	Pension Benefits						Other Postretirement Benefits
Actuarial Assumptions:	2014			2013			2014			2013
Discounted Rate Used to Determine Present Value of Projected Benefit Obligation	4.40		%	5.00		%	3.95		%	4.40		%
Expected Rate of Future Compensation Level Increases	3.0-4.0%			3.0-4.0%			n/a			n/a
Expected Long-Term Rate of Return on Plan Assets	8.00		%	8.25		%	n/a			n/a
Change in Benefit Obligations:
Projected Benefit Obligation at Beginning of Year	$	1,115,855		$	1,236,747		$	111,506		$	136,854
Service Cost	7,645			13,222			333			358
Interest Cost	53,743			50,154			4,566			4,754
Plan Curtailments	—			(52,236		)	—			—
Plan Participant Contributions	—			—			1,513			1,347
Actuarial (Gain) Loss	71,288			(56,239		)	(5,447		)	(13,309		)
Benefits Paid	(75,384		)	(75,793		)	(16,014		)	(18,498		)
Projected Benefit Obligation at End of Year	$	1,173,147		$	1,115,855		$	96,457		$	111,506
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year	$	962,633		$	937,745		$	—		$	—
Actual Return on Plan Assets	153,306			68,296			—			—
Plan Participant Contributions	—			—			1,512			1,347
Employer Contributions	2,911			32,385			14,502			17,151
Benefits Paid	(75,384		)	(75,793		)	(16,014		)	(18,498		)
Fair Value of Plan Assets at End of Year	$	1,043,466		$	962,633		$	—		$	—
Funded Status:
Plan Assets (Less Than) in Excess of Projected Benefit Obligation	$	(129,681	)	$	(153,222	)	$	(96,457	)	$	(111,506	)
Amounts Recognized on the Balance Sheets:
Accrued Pension Cost	$	(126,529	)	$	(150,131	)	$	—		$	—
Accrued Wages and Salaries	(3,152		)	(3,091		)	—			—
Accrued Postretirement Health Care Obligation	—			—			(59,290		)	(72,695		)
Accrued Liabilities	—			—			(13,624		)	(16,113		)
Accrued Employee Benefits	—			—			(23,543		)	(22,698		)
Net Amount Recognized at End of Year	$	(129,681	)	$	(153,222	)	$	(96,457	)	$	(111,506	)
Amounts Recognized in Accumulated Other Comprehensive Income (Loss):
Transition Assets (Obligation)	$	—		$	—		$	—		$	—
Net Actuarial Loss	(190,756		)	(211,444		)	(21,962		)	(28,668		)
Prior Service Credit (Cost)	(550		)	(660		)	6,243			8,008
Net Amount Recognized at End of Year	$	(191,306	)	$	(212,104	)	$	(15,719	)	$	(20,660	)

Schedule of Income and Expense for Retirement Plans

The following table summarizes the plans’ income and expense for the three years indicated (in thousands):

	Pension Benefits									Other Postretirement Benefits
	2014			2013			2012			2014			2013			2012
Components of Net Periodic (Income) Expense:
Service Cost-Benefits Earned During the Year	$	7,645		$	13,222		$	13,764		$	333		$	358		$	407
Interest Cost on Projected Benefit Obligation	53,743			50,154			56,762			4,565			4,754			6,468
Expected Return on Plan Assets	(74,152		)	(75,832		)	(76,445		)	—			—			—
Amortization of:
Transition Obligation	—			7			8			—			—			—
Prior Service Cost (Credit)	180			366			2,856			(2,895		)	(3,589		)	(3,800		)
Actuarial Loss	25,105			34,821			20,230			5,527			7,624			8,942
Net Curtailment Loss	—			1,914			375			—			—			359
Net Periodic Expense	$	12,521		$	24,652		$	17,550		$	7,530		$	9,147		$	12,376

Schedule of Significant Assumptions Used in Determining Net Periodic Expense

Significant assumptions used in determining net periodic expense for the fiscal years indicated are as follows:

	Pension Benefits			Other Postretirement Benefits
	2014	2013	2012	2014	2013	2012
Discount Rate	5.00%	4.45%	5.35%	4.40%	3.75%	4.45%
Expected Return on Plan Assets	8.25%	8.50%	8.50%	n/a	n/a	n/a
Compensation Increase Rate	3.0-4.0%	3.0-4.0%	3.0-4.0%	n/a	n/a	n/a

Schedule of Accumulated Other Comprehensive Income (Loss) that are Expected to be Recognized as Components of Net Periodic (Income) Expense During the Next Fiscal Year

The amounts in Accumulated Other Comprehensive Income (Loss) that are expected to be recognized as components of net periodic (income) expense during the next fiscal year are as follows (in thousands):

	Pension Plans		Other Postretirement Plans
Prior Service Cost (Credit)	$	180	$	(2,758	)
Net Actuarial Loss	13,190		4,255

Schedule of Defined Benefit Plan Targeted and Actual Plan Asset Allocations

The Company’s pension plan’s current target and asset allocations at June 29, 2014 and June 30, 2013, by asset category are as follows:

		Plan Assets at Year-end
Asset Category	Target %	2014	2013
Domestic Equities	17%-25%	20%	22%
International Equities	5%-15%	10%	10%
Alternative & Absolute Return	10%-20%	16%	26%
Fixed Income	45%-55%	52%	39%
Cash Equivalents	1%	2%	3%
		100%	100%

Schedule of The Fair Value of the Major Categories of Plan Assets

The fair value of the major categories of the pension plans’ investments are presented below (in thousands):

		June 29, 2014
Category		Total		Level 1		Level 2		Level 3
Short-Term Investments:		$	21,534	$	21,534	$	—	$	—
Fixed Income Securities:		542,381		—		542,381		—
Equity Securities:
U.S. common stocks		204,578		204,578		—		—
International mutual funds		106,990		106,990		—		—
Other Investments:
Venture capital funds	(A)	82,776		—		—		82,776
Debt funds	(B)	19,907		—		—		19,907
Real estate funds	(C)	10,445		—		—		10,445
Private equity funds	(D)	54,855		—		—		54,855
Fair Value of Plan Assets at End of Year		$	1,043,466	$	333,102	$	542,381	$	167,983

		June 30, 2013
Category		Total		Level 1		Level 2		Level 3
Short-Term Investments:		$	26,714	$	26,714	$	—	$	—
Fixed Income Securities:		369,744		—		369,744		—
Equity Securities:
U.S. common stocks		211,767		211,767		—		—
International mutual funds		100,392		100,392		—		—
Other Investments:
Venture capital funds	(A)	153,645		—		—		153,645
Debt funds	(B)	27,299		—		—		27,299
Real estate funds	(C)	11,506		—		—		11,506
Private equity funds	(D)	61,566		—		—		61,566
Fair Value of Plan Assets at End of Year		$	962,633	$	338,873	$	369,744	$	254,016

(A) This category invests in a combination of public and private securities of companies in financial distress, spin-offs, or new projects focused on technology and manufacturing.

(B) This fund primarily invests in the debt of various entities including corporations and governments in emerging markets, mezzanine financing, or entities that are undergoing, are considered likely to undergo or have undergone a reorganization.

(C) This category invests primarily in real estate related investments, including real estate properties, securities of real estate companies and other companies with significant real estate assets as well as real estate related debt and equity securities.

(D) Primarily represents investments in all sizes of mostly privately held operating companies in the following core industry sectors: healthcare, energy, financial services, technology-media-telecommunications and industrial and consumer.

Schedule of Changes in Level 3 Investments for Pension Plan

The following tables present the changes in Level 3 investments for the pension plan (in thousands).

Changes to Level 3 investments for the year ended June 29, 2014:

Category	June 30, 2013 Fair Value		Purchases, Sales, Issuances, and Settlements			Realized and Unrealized Gain (Loss)			June 29, 2014 Fair Value (a)
Venture capital funds	$	153,645	$	(98,738	)	$	27,869		$	82,776
Debt funds	27,299		(6,109		)	(1,283		)	19,907
Real estate funds	11,506		(1,179		)	118			10,445
Private equity funds	61,566		(8,821		)	2,110			54,855
	$	254,016	$	(114,847	)	$	28,814		$	167,983

Changes to Level 3 investments for the year ended June 30, 2013:

Category	June 30, 2012 Fair Value		Purchases, Sales, Issuances, and Settlements			Realized and Unrealized Gain (Loss)			June 30, 2013 Fair Value (a)
Venture capital funds	$	152,093	$	(16,360	)	$	17,912		$	153,645
Debt funds	36,211		(7,258		)	(1,654		)	27,299
Real estate funds	13,888		(3,272		)	890			11,506
Private equity funds	71,185		(10,094		)	475			61,566
Global balanced funds	23,178		(20,000		)	(3,178		)	—
	$	296,555	$	(56,984	)	$	14,445		$	254,016

(a) There were no transfers in or out of Level 3 during the years ended June 29, 2014 or June 30, 2013.

Schedule of Projected Benefit Payments

Projected benefit payments from the plans as of June 29, 2014 are estimated as follows (in thousands):

	Pension Benefits				Other Postretirement Benefits
Year Ending	Qualified		Non-Qualified		Retiree Medical		Retiree Life
2015	$	75,150	$	3,152	$	12,280	$	1,418
2016	75,183		3,195		11,408		1,443
2017	75,352		3,234		9,468		1,465
2018	75,333		3,259		8,811		1,484
2019	75,550		3,410		7,137		1,500
2020-2024	370,510		17,749		21,822		7,601

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Separate Financial Information of Subsidiary Guarantors of Indebtedness

12 Months Ended

Jun. 29, 2014

Separate Financial Information Of Subsidiary Guarantors Of Indebtedness

Separate Financial Information of Subsidiary Guarantors of Indebtedness

Separate Financial Information of Subsidiary Guarantors 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. 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):

	June 29, 2014 Carrying Amount		Maximum Guarantee
6.875% 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 June 29, 2014	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	138,926	$	2,680	$	53,062	$	—		$	194,668
Accounts Receivable, Net	86,099		100,062		34,429		—			220,590
Intercompany Accounts Receivable	15,987		3,492		32,826		(52,305		)	—
Inventories, Net	165,159		146,749		64,195		—			376,103
Deferred Tax Asset	33,343		13,904		1,711		—			48,958
Prepaid Expenses and Other	17,436		3,508		9,072					30,016
Total Current Assets	$	456,950	$	270,395	$	195,295	$	(52,305	)	$	870,335
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	16,222	$	—		$	144,522
Investments	27,137		—		—		—			27,137
Investments in Subsidiaries	470,391		—		—		(470,391		)	—
Intercompany Note Receivable	49,293		84,567		13,876		(147,736		)	—
Debt Issuance Costs, Net	4,671		—		—		—			4,671
Other Intangible Assets, Net	—		55,909		24,408		—			80,317
Long-Term Deferred Tax Asset	32,507		—		677		(18,006		)	15,178
Other Long-Term Assets, Net	7,120		2,088		1,331		—			10,539
Total Other Assets	$	719,419	$	142,564	$	56,514	$	(636,133	)	$	282,364
PLANT AND EQUIPMENT, NET	241,166		39,863		15,978		—			297,007
TOTAL ASSETS	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706
CURRENT LIABILITIES:
Accounts Payable	105,532		45,171		18,568		—			169,271
Intercompany Accounts Payable	21,859		6,002		24,444		(52,305		)	—
Accrued Liabilities	85,735		31,863		16,318		—			133,916
Total Current Liabilities	$	213,126	$	83,036	$	59,330	$	(52,305	)	$	303,187
OTHER LIABILITIES:
Accrued Pension Cost	125,481		421		627		—			126,529
Accrued Employee Benefits	24,491		—		—		—			24,491
Accrued Postretirement Health Care Obligation	44,928		14,362		—		—			59,290
Accrued Warranty	9,300		8,378		—		—			17,678
Intercompany Note Payable	85,343		—		62,393		(147,736		)	—
Deferred Tax Liabilities			18,006		—		(18,006		)	—
Other Long-Term Liabilities	17,432		2,659		1,006		—			21,097
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	531,975	$	43,826	$	64,026	$	(165,742	)	$	474,085
TOTAL SHAREHOLDERS’ INVESTMENT:	672,434		325,960		144,431		(470,391		)	672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706

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 Tax Asset	32,543		13,923		1,068		—			47,534
Prepaid Expenses and Other	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, Net	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred 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
Accrued Warranty	9,400		9,471		—		—			18,871
Intercompany Note Payable	85,095				56,982		(142,077		)	—
Deferred Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	10,608		3,070		1,025		—			14,703
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 Fiscal Year Ended June 29, 2014	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	1,156,394		$	599,013		$	304,160		$	(200,507	)	$	1,859,060
Cost of Goods Sold	928,557			544,313			234,073			(200,507		)	1,506,436
Restructuring Charges	3,830			228			1,783			—			5,841
Gross Profit	224,007			54,472			68,304			—			346,783
Engineering, Selling, General and Administrative Expenses	163,594			76,021			51,752			—			291,367
Restructuring Charges	77			67			554			—			698
Goodwill and Tradename Impairment	—			5,500			2,960			—			8,460
Equity in Loss from Subsidiaries	5,622			—			—			(5,622		)	—
Income (Loss) from Operations	54,714			(27,116		)	13,038			5,622			46,258
Interest Expense	(18,431		)	(6		)	(29		)	—			(18,466		)
Other Income, Net	8,251			152			939			—			9,342
Income (Loss) Before Provision for Income Taxes	44,534			(26,970		)	13,948			5,622			37,134
Provision (Credit) for Income Taxes	16,187			(9,889		)	2,489			—			8,787
Net Income (Loss)	$	28,347		$	(17,081	)	$	11,459		$	5,622		$	28,347
Comprehensive Income (Loss)	$	58,018		$	(16,836	)	$	12,832		$	4,004		$	58,018
For the Fiscal Year Ended June 30, 2013
Net Sales	$	1,126,562		$	695,137		$	277,516		$	(236,717	)	$	1,862,498
Cost of Goods Sold	916,859			626,266			208,189			(236,717		)	1,514,597
Restructuring Charges	9,614			8,618			529			—			18,761
Gross Profit	200,089			60,253			68,798			—			329,140
Engineering, Selling, General and Administrative Expenses	161,465			71,434			43,289			—			276,188
Restructuring Charges	3,435			—			—			—			3,435
Goodwill Impairment	—			83,314			6,766			—			90,080
Equity in Loss from Subsidiaries	45,191			—			—			(45,191		)	—
Income (Loss) from Operations	(10,002		)	(94,495		)	18,743			45,191			(40,563		)
Interest Expense	(18,369		)	(3		)	(147		)	—			(18,519		)
Other Income, Net	6,225			286			430			—			6,941
Income (Loss) Before Provision for Income Taxes	(22,146		)	(94,212		)	19,026			45,191			(52,141		)
Provision (Credit) for Income Taxes	11,511			(30,902		)	907			—			(18,484		)
Net Income (Loss)	$	(33,657	)	$	(63,310	)	$	18,119		$	45,191		$	(33,657	)
Comprehensive Income (Loss)	$	64,119		$	(62,068	)	$	16,779		$	45,289		$	64,119
For the Fiscal Year Ended July 1, 2012
Net Sales	$	1,235,805		$	835,011		$	321,216		$	(325,499	)	$	2,066,533
Cost of Goods Sold	1,007,493			744,103			258,951			(325,499		)	1,685,048
Restructuring Charges	4,235			28,790			11,735			—			44,760
Gross Profit	224,077			62,118			50,530			—			336,725
Engineering, Selling, General and Administrative Expenses	167,133			80,915			42,333			—			290,381
Restructuring Charges	4,001			1,106			—			—			5,107
Equity in Loss from Subsidiaries	5,881			—			—			(5,881		)	—
Income (Loss) from Operations	47,062			(19,903		)	8,197			5,881			41,237
Interest Expense	(18,347		)	(33		)	(162		)	—			(18,542		)
Other Income, Net	4,830			207			2,141			—			7,178
Income (Loss) Before Provision for Income Taxes	33,545			(19,729		)	10,176			5,881			29,873
Provision (Credit) for Income Taxes	4,539			(8,897		)	5,225			—			867
Net Income (Loss)	$	29,006		$	(10,832	)	$	4,951		$	5,881		$	29,006
Comprehensive Income (Loss)	$	(50,200	)	$	(12,062	)	$	(2,529	)	$	14,591		$	(50,200	)

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 29, 2014	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	77,161		$	6,816		$	43,102		$	—	$	127,079
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(55,775		)	(2,718		)	(1,878		)	—		(60,371		)
Proceeds Received on Disposition of Plant and Equipment	170			33			425			—		628
Cash Investment in Subsidiary	13,307			—			(13,307		)	—		—
Net Cash Used in Investing Activities	(42,298		)	(2,685		)	(14,760		)	—		(59,743		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	2,726			(2,726		)	(300		)	—		(300		)
Debt Issuance Costs	(949		)	—			—			—		(949		)
Cash Dividends Paid	(22,697		)	—			—			—		(22,697		)
Stock Option Exercise Proceeds and Tax Benefits	5,402			—			—			—		5,402
Treasury Stock Repurchases	(43,047		)	—			—			—		(43,047		)
Net Cash Provided by (Used in) Financing Activities	(58,565		)	(2,726		)	(300		)	—		(61,591		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			478			—		478
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(23,702		)	1,405			28,520			—		6,223
Cash and Cash Equivalents, Beginning of Year	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, End of Year	$	138,926		$	2,680		$	53,062		$	—	$	194,668

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 30, 2013	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	69,746		$	40,812		$	50,255		$	—	$	160,813
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(36,306		)	(6,120		)	(2,452		)	—		(44,878		)
Cash Paid for Acquisition, Net of Cash Acquired	—			—			(59,627		)	—		(59,627		)
Proceeds Received on Disposition of Plant and Equipment	70			6,068			6,354			—		12,492
Cash Investment in Subsidiary	(15,194		)	—			15,194			—		—
Net Cash Used in Investing Activities	(51,430		)	(52		)	(40,531		)	—		(92,013		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	44,860			(44,860		)	(2,700		)	—		(2,700		)
Cash Dividends Paid	(23,285		)	—			—			—		(23,285		)
Stock Option Exercise Proceeds and Tax Benefits	19,988			—			—			—		19,988
Treasury Stock Repurchases	(30,359		)	—			—			—		(30,359		)
Net Cash Provided by (Used in) Financing Activities	11,204			(44,860		)	(2,700		)	—		(36,356		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(74		)	—		(74		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	29,520			(4,100		)	6,950			—		32,370
Cash and Cash Equivalents, Beginning of Year	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, End of Year	$	162,628		$	1,275		$	24,542		$	—	$	188,445

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended July 1, 2012	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in)Operating Activities	$	82,114		$	2,879		$	(19,032	)	$	—	$	65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(40,456		)	(6,588		)	(2,529		)	—		(49,573		)
Cash Paid for Acquisition, Net of Cash Received	—			—			(2,673		)	—		(2,673		)
Proceeds Received on Disposition of Plant and Equipment	141			1,278			38			—		1,457
Cash Investment in Subsidiary	2,141			—			(2,141		)	—		—
Net Cash Used in Investing Activities	(38,174		)	(5,310		)	(7,305		)	—		(50,789		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Loans, Notes Payable and Long-Term Debt	(6,434		)	6,434			—			—		—
Debt Issuance Costs	(2,007		)	—			—			—		(2,007		)
Cash Dividends Paid	(22,011		)	—			—			—		(22,011		)
Stock Option Exercise Proceeds and Tax Benefits	235			—			—			—		235
Treasury Stock Repurchases	(39,287		)	—			—			—		(39,287		)
Net Cash Provided by (Used in) Financing Activities	(69,504		)	6,434			—			—		(63,070		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(5,666		)	—		(5,666		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(25,564		)	4,003			(32,003		)	—		(53,564		)
Cash and Cash Equivalents, Beginning of Year	158,672			1,372			49,595			—		209,639
Cash and Cash Equivalents, End of Year	$	133,108		$	5,375		$	17,592		$	—	$	156,075

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Equity

12 Months Ended

Jun. 29, 2014

Equity [Abstract]

Stockholders' Equity Note Disclosure

Equity:

Share Repurchases

In August 2011, the Board of Directors of the Company authorized up to $50 million in funds for use in a common share repurchase program with an expiration of June 30, 2013. In August 2012, the Board of Directors authorized an additional $50 million in funds associated with the common share repurchase program and an extension of the expiration date to June 30, 2014. On January 22, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an extension of the expiration date to June 30, 2016. On August 13, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an expiration date of June 30, 2016. Share repurchases, among other things, allow the Company to offset any potentially dilutive impacts of share-based compensation. 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. In fiscal 2014, the Company repurchased 2,100,499 shares on the open market at a total cost of $43.0 million, or $20.49 per share. There were 1,546,686 shares repurchased in fiscal 2013 at a total cost of $30.4 million, or $19.63 per share.

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Employee Benefit Costs (Schedule of Inputs and Valuation Techniques Used to Measure Fair Value Of Assets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014		Jun. 30, 2013		Jul. 01, 2012
Assets at Fair Value	$ 1,043,466		$ 962,633
Short-term Investments [Member]
Assets at Fair Value	21,534		26,714
Fixed Income Securities [Member]
Assets at Fair Value	542,381		369,744
U.S. Common Stocks [Member]
Assets at Fair Value	204,578		211,767
International Mutual Funds [Member]
Assets at Fair Value	106,990		100,392
Venture Capital Funds [Member]
Assets at Fair Value	82,776	[1]	153,645	[1]
Debt Funds [Member]
Assets at Fair Value	19,907	[2]	27,299	[2]
Real Estate Funds [Member]
Assets at Fair Value	10,445	[3]	11,506	[3]
Private Equity Funds [Member]
Assets at Fair Value	54,855	[4]	61,566	[4]
Fair Value Measurements Using Level 1 [Member]
Assets at Fair Value	333,102		338,873
Fair Value Measurements Using Level 1 [Member] | Short-term Investments [Member]
Assets at Fair Value	21,534		26,714
Fair Value Measurements Using Level 1 [Member] | Fixed Income Securities [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 1 [Member] | U.S. Common Stocks [Member]
Assets at Fair Value	204,578		211,767
Fair Value Measurements Using Level 1 [Member] | International Mutual Funds [Member]
Assets at Fair Value	106,990		100,392
Fair Value Measurements Using Level 1 [Member] | Venture Capital Funds [Member]
Assets at Fair Value	0	[1]	0	[1]
Fair Value Measurements Using Level 1 [Member] | Debt Funds [Member]
Assets at Fair Value	0	[2]	0	[2]
Fair Value Measurements Using Level 1 [Member] | Real Estate Funds [Member]
Assets at Fair Value	0	[3]	0	[3]
Fair Value Measurements Using Level 1 [Member] | Private Equity Funds [Member]
Assets at Fair Value	0	[4]	0	[4]
Fair Value Measurements Using Level 2 [Member]
Assets at Fair Value	542,381		369,744
Fair Value Measurements Using Level 2 [Member] | Short-term Investments [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 2 [Member] | Fixed Income Securities [Member]
Assets at Fair Value	542,381		369,744
Fair Value Measurements Using Level 2 [Member] | U.S. Common Stocks [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 2 [Member] | International Mutual Funds [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 2 [Member] | Venture Capital Funds [Member]
Assets at Fair Value	0	[1]	0	[1]
Fair Value Measurements Using Level 2 [Member] | Debt Funds [Member]
Assets at Fair Value	0	[2]	0	[2]
Fair Value Measurements Using Level 2 [Member] | Real Estate Funds [Member]
Assets at Fair Value	0	[3]	0	[3]
Fair Value Measurements Using Level 2 [Member] | Private Equity Funds [Member]
Assets at Fair Value	0	[4]	0	[4]
Fair Value Measurements Using Level 3 [Member]
Assets at Fair Value	167,983	[5]	254,016	[5]	296,555
Fair Value Measurements Using Level 3 [Member] | Short-term Investments [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 3 [Member] | Fixed Income Securities [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 3 [Member] | U.S. Common Stocks [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 3 [Member] | International Mutual Funds [Member]
Assets at Fair Value	0		0
Fair Value Measurements Using Level 3 [Member] | Venture Capital Funds [Member]
Assets at Fair Value	82,776	[1],[5]	153,645	[1],[5]	152,093
Fair Value Measurements Using Level 3 [Member] | Debt Funds [Member]
Assets at Fair Value	19,907	[2],[5]	27,299	[2],[5]	36,211
Fair Value Measurements Using Level 3 [Member] | Real Estate Funds [Member]
Assets at Fair Value	10,445	[3],[5]	11,506	[3],[5]	13,888
Fair Value Measurements Using Level 3 [Member] | Private Equity Funds [Member]
Assets at Fair Value	54,855	[4],[5]	61,566	[4],[5]	71,185
Fair Value Measurements Using Level 3 [Member] | Global Balanced Funds [Member]
Assets at Fair Value			$ 0	[5]	$ 23,178

[1] This category invests in a combination of public and private securities of companies in financial distress, spin-offs, or new projects focused on technology and manufacturing.

[2] This fund primarily invests in the debt of various entities including corporations and governments in emerging markets, mezzanine financing, or entities that are undergoing, are considered likely to undergo or have undergone a reorganization.

[3] This category invests primarily in real estate related investments, including real estate properties, securities of real estate companies and other companies with significant real estate assets as well as real estate related debt and equity securities.

[4] Primarily represents investments in all sizes of mostly privately held operating companies in the following core industry sectors: healthcare, energy, financial services, technology-media-telecommunications and industrial and consumer.

[5] (a) There were no transfers in or out of Level 3 during the years ended June 29, 2014 or June 30, 2013.

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Assets and Liabilities Measured at Fair Value (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Assets, Derivatives	$ 431	$ 2,009
Liabilities, Derivatives	1,932	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	431	2,009
Liabilities, Derivatives	1,932	5,413
Fair Value Measurements Using Level 3 [Member]
Assets, Derivatives	0	0
Liabilities, Derivatives	$ 0	$ 0

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Restructuring Actions (Tables)

12 Months Ended

Jun. 29, 2014

Restructuring Actions [Abstract]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

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 fiscal 2014 (in thousands):

Engines Segment	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	99		$	2,575		$	2,674
Provisions	348			3,176			3,524
Cash Expenditures	(447		)	(3,525		)	(3,972		)
Other Adjustments (1)	—			(2,226		)	(2,226		)
Reserve Balance at June 29, 2014	$	—		$	—		$	—

(1) Other adjustments includes $0.5 million of accelerated depreciation and $1.7 million of asset impairments.

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 fiscal 2014 (in thousands):

Products Segment	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	94		$	45		$	139
Provisions	256			2,759			3,015
Cash Expenditures	(350		)	(649		)	(999		)
Other Adjustments (2)	—			(2,050		)	(2,050		)
Reserve Balance at June 29, 2014	$	—		$	105		$	105

(2) Other adjustments includes $1.3 million of asset impairments and $0.7 million of other costs including transition costs and foreign currency translation.

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Valuation and Qualifying Accounts

12 Months Ended

Jun. 29, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

FOR FISCAL YEARS ENDED JUNE 29, 2014, JUNE 30, 2013 AND JULY 1, 2012

Reserve for Doubtful Accounts Receivable	Balance Beginning of Year	Additions Charged to Earnings	Charges to Reserve, Net	Balance End of Year
2014	$6,501,000	1,321,000	(1,470,000)	$6,352,000
2013	$5,780,000	1,881,000	(1,160,000)	$6,501,000
2012	$4,971,000	3,608,000	(2,799,000)	$5,780,000
Deferred Tax Assets Valuation Allowance	Balance Beginning of Year	Allowance Established for Net Operating and Other Loss Carryforwards	Allowance Reversed for Loss Carryforwards Utilized and Other Adjustments	Balance End of Year
2014	$12,725,000	2,516,000	—	$15,241,000
2013	$12,025,000	9,210,000	(8,510,000)	$12,725,000
2012	$7,259,000	5,430,000	(664,000)	$12,025,000

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Summary of Significant Accounting Policies (Policy)

12 Months Ended

Jun. 29, 2014

Accounting Policies [Abstract]

Fiscal Year

Fiscal Year: The Company’s fiscal year consists of 52 or 53 weeks, ending on the Sunday nearest the last day of June in each year. The 2014, 2013 and 2012 fiscal years were each 52 weeks long. All references to years relate to fiscal years rather than calendar years.

Principles of Consolidation

Principles of Consolidation: The consolidated financial statements include the accounts of the Company and its majority owned domestic and foreign subsidiaries after elimination of intercompany accounts and transactions. Investments in companies for which we have significant influence are accounted for by the equity method.

Accounting Estimates

Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents: This caption includes cash, commercial paper and certificates of deposit. The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Receivables

Receivables: Receivables are recorded at their original carrying value less reserves for estimated uncollectible accounts.

Inventories

Inventories: Inventories are stated at cost, which does not exceed market. The last-in, first-out (LIFO) method was used for determining the cost of approximately 51% of total inventories at June 29, 2014 and 48% at June 30, 2013. The cost for the remaining inventories was determined using the first-in, first-out (FIFO) method. If the FIFO inventory valuation method had been used exclusively, inventories would have been $64.5 million and $62.1 million higher in fiscal 2014 and 2013, respectively. The LIFO inventory adjustment was determined on an overall basis, and accordingly, each class of inventory reflects an allocation based on the FIFO amounts.

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets: Goodwill reflects the cost of acquisitions in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. The reporting units are Engines and Products. Other Intangible Assets reflect identifiable intangible assets that arose from purchase acquisitions. Other Intangible Assets are comprised of tradenames, patents and customer relationships. Goodwill and tradenames, which are considered to have indefinite lives, are not amortized; however, both must be tested for impairment at least annually. Amortization is recorded on a straight-line basis for other intangible assets with finite lives. Patents have been assigned an estimated weighted average useful life of 13 years. The customer relationships have been assigned an estimated useful life of 14 to 25 years. The Company is subject to financial statement risk in the event that goodwill and intangible assets become impaired.

The Company performed the required impairment tests in fiscal 2014, 2013 and 2012. The Company recorded non-cash goodwill impairment charges and non-cash intangible asset impairment charges in fiscal 2014 and 2013. There were no goodwill impairment charges or intangible asset impairment charges recorded in fiscal 2012. Refer to Note 7 for a discussion of the non-cash goodwill impairment charges and the non-cash intangible asset impairment charges recorded in fiscal 2014 and 2013.

Investments

Investments: This caption represents the Company’s investments in unconsolidated affiliated companies. Combined financial information of the unconsolidated affiliated companies accounted for by the equity method, generally on a lag of 3 months or less, was as follows (in thousands):

Results of operations of unconsolidated affiliated companies for the fiscal year (in thousands):

	2014		2013		2012
Results of Operations:
Sales	$	143,007	$	113,452	$	129,063
Cost of Goods Sold	116,158		92,844		103,254
Gross Profit	$	26,849	$	20,608	$	25,809
Net Income	$	13,653	$	8,057	$	9,751

Balance sheets of unconsolidated affiliated companies as of fiscal year-end (in thousands):

	2014		2013
Financial Position:
Assets:
Current Assets	$	76,811	$	45,355
Noncurrent Assets	28,106		15,527
	104,917		60,882
Liabilities:
Current Liabilities	$	22,990	$	12,989
Noncurrent Liabilities	1,779		2,900
	24,769		15,889
Equity	$	80,148	$	44,993

Net sales to equity method investees were approximately $18.7 million, $1.0 million and $1.8 million in 2014, 2013 and 2012, respectively. Purchases of finished products from equity method investees were approximately $102.4 million, $107.0 million and $119.6 million in 2014, 2013 and 2012, respectively.

During the third quarter of fiscal 2014, the Company joined with one of its independent distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture. As a result of the transaction, the Company recorded an investment of $6.5 million. The Company uses the equity method to account for this investment. Subsequent to fiscal 2014, a second independent distributor joined the venture.

Debt Issuance Costs

Debt Issuance Costs: Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized to interest expense over the terms of the related credit agreements. Approximately $1.0 million, $1.0 million and $1.2 million of debt issuance costs and original issue discounts were amortized to interest expense during fiscal years 2014, 2013 and 2012, respectively.

Plant and Equipment and Depreciation

Plant and Equipment and Depreciation: Plant and equipment are stated at historical cost. For financial reporting purposes, plant and equipment are depreciated primarily by the straight line method over the estimated useful lives of the assets which generally range from 3 to 10 years for software, from 20 to 40 years for land improvements, from 20 to 50 years for buildings, and 3 to 20 years for machinery and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for major renewals and betterments, which significantly extend the useful lives of existing plant and equipment, are capitalized and depreciated. Upon retirement or disposition of plant and equipment, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in cost of goods sold.

Depreciation expense was approximately $47.2 million, $52.3 million and $60.3 million during fiscal years 2014, 2013 and 2012, respectively.

Impairment of Property, Plant and Equipment

Impairment of Property, Plant and Equipment: Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the sum of the expected undiscounted cash flows is less than the carrying value of the related asset or group of assets, a loss is recognized for the difference between the fair value and carrying value of the asset or group of assets. Refer to Note 18 for impairments associated with restructuring actions.

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):

	2014			2013
Balance, Beginning of Period	$	45,037		$	46,012
Payments	(28,377		)	(26,173		)
Provision for Current Year Warranties	29,087			26,438
Changes in Estimates	(1,003		)	(1,240		)
Balance, End of Period	$	44,744		$	45,037

Revenue Recognition

Revenue Recognition: Net sales include sales of engines, products, and related service parts and accessories, net of allowances for cash discounts, customer volume rebates and discounts, floor plan interest and advertising allowances. The Company recognizes revenue when all of the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable, and collectibility is reasonably assured. This is generally upon shipment, except for certain international shipments, where revenue is recognized when the customer receives the product.

Included in net sales are costs associated with programs under which the Company shares the expense of financing certain dealer and distributor inventories, referred to as floor plan expense. This represents interest for a pre-established length of time based on a variable rate from a contract with a third party financing source for dealer and distributor inventory purchases. Sharing the cost of these financing arrangements is used by Briggs & Stratton as a marketing incentive for customers to buy inventory. The financing costs included in net sales in fiscal 2014, 2013 and 2012 were $5.5 million, $6.3 million and $5.5 million, respectively.

The Company also offers a variety of customer rebates and sales incentives. The Company records estimates for rebates and incentives at the time of sale, as a reduction in net sales.

Income Taxes

Income Taxes: The provision for income taxes includes federal, state and foreign income taxes currently payable and those deferred because of temporary differences between the financial statement and tax bases of assets and liabilities. The deferred income tax asset represents temporary differences relating to current assets and current liabilities, and the long-term deferred income tax asset represents temporary differences related to noncurrent assets and liabilities. A valuation allowance is recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized.

Retirement Plans

Retirement Plans: The Company has noncontributory, defined benefit retirement plans and postretirement benefit plans covering certain employees. Retirement benefits represent a form of deferred compensation, which are subject to change due to changes in assumptions. Management reviews underlying assumptions on an annual basis. Refer to Note 17.

Research and Development Costs

Research and Development Costs: Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred and recorded in engineering, selling, general and administrative expenses within the Consolidated Statements of Operations. The amounts charged against income were $19.7 million, $18.5 million and $19.8 million in fiscal 2014, 2013 and 2012, respectively.

Advertising Costs

Advertising Costs: Advertising costs, included in Engineering, Selling, General and Administrative Expenses in the accompanying Consolidated Statements of Operations, are expensed as incurred. These expenses totaled $18.5 million in fiscal 2014, $17.7 million in fiscal 2013 and $22.3 million in fiscal 2012.

Shipping and Handling Fees

Shipping and Handling Fees: Revenue received from shipping and handling fees is reflected in net sales and related shipping costs are recorded in cost of goods sold. Shipping fee revenue for fiscal 2014, 2013 and 2012 was $4.4 million, $4.9 million and $5.9 million, respectively.

Foreign Currency Translation

Foreign Currency Translation: Foreign currency balance sheet accounts are translated into dollars at the rates of exchange in effect at fiscal year-end. Income and expenses incurred in a foreign currency are translated at the average rates of exchange in effect during the year. The related translation adjustments are made directly to a separate component of Shareholders’ Investment. During fiscal 2013, the Company recorded a charge of $4.2 million of foreign currency translation primarily recognized in connection with the substantial liquidation of the Company's investment in the Ostrava, Czech Republic entity, which was related to previously announced restructuring actions. Foreign currency transaction gains and losses are included in the results of operations in the period incurred. The Company recorded pre-tax foreign currency transaction losses of $3.9 million and $4.1 million during fiscal 2014 and 2013, respectively.

Earnings (Loss) Per Share

Earnings (Loss) Per Share: The Company computes earnings per share using the two-class method, an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company’s unvested grants of restricted stock and deferred stock awards contain non-forfeitable rights to dividends (whether paid or unpaid), which are required to be treated as participating securities and included in the computation of basic earnings per share.

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

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			July 1, 2012
Net Income (Loss)	$	28,347		$	(33,657	)	$	29,006
Less: Earnings Allocated to Participating Securities	(768		)	(605		)	(508		)
Net Income (Loss) available to Common Shareholders	$	27,579		$	(34,262	)	$	28,498
Average Shares of Common Stock Outstanding	46,366			47,172			48,965
Incremental Common Shares Applicable to Common Stock Options and Performance Shares Based on the Common Stock Average Market Price During the Period	70			—			—
Incremental Common Shares Applicable to Deferred and Restricted Common Stock Based on the Common Stock Average Market Price During the Period	—			—			944
Diluted Average Shares of Common Stock Outstanding	46,436			47,172			49,909
Basic Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.58
Diluted Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.57

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares, and their inclusion in the computation would be antidilutive:

	Fiscal Year Ended
	June 29, 2014		June 30, 2013		July 1, 2012
Options to Purchase Shares of Common Stock (in thousands)	916		1,590		3,679
Weighted Average Exercise Price of Options Excluded	$	29.62	$	34.13	$	27.71

As a result of the Company incurring a net loss for the fiscal year ended June 30, 2013, potential incremental common shares of 1,126,000 were excluded from the calculation of diluted earnings (loss) because the effect would have been anti-dilutive.

Derivative Instruments & Hedging Activity

Derivative Instruments & Hedging Activity: The Company enters into derivative contracts designated as cash flow hedges to manage certain interest rate, foreign currency and commodity exposures. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into derivative instruments for trading purposes where the sole objective is to generate profits.

The Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Derivative financial instruments are recorded on the Consolidated Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on derivatives designated as cash flow hedges are reported as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) and reclassified into earnings in the same 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.

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Consolidated Statements of Shareholders' Investment (Parenthetical) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Statement of Stockholders' Equity [Abstract]
Cash Dividends Paid, per share	$ 0.48	$ 0.48	$ 0.44

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 29, 2014

Accounting Policies [Abstract]

Schedule of Results of Operations of Unconsolidated Affiliated Companies

Results of operations of unconsolidated affiliated companies for the fiscal year (in thousands):

	2014		2013		2012
Results of Operations:
Sales	$	143,007	$	113,452	$	129,063
Cost of Goods Sold	116,158		92,844		103,254
Gross Profit	$	26,849	$	20,608	$	25,809
Net Income	$	13,653	$	8,057	$	9,751

Schedule of Balance Sheets of Unconsolidated Affiliated Companies

Balance sheets of unconsolidated affiliated companies as of fiscal year-end (in thousands):

	2014		2013
Financial Position:
Assets:
Current Assets	$	76,811	$	45,355
Noncurrent Assets	28,106		15,527
	104,917		60,882
Liabilities:
Current Liabilities	$	22,990	$	12,989
Noncurrent Liabilities	1,779		2,900
	24,769		15,889
Equity	$	80,148	$	44,993

Changes in Accrued Warranty Costs

The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

	2014			2013
Balance, Beginning of Period	$	45,037		$	46,012
Payments	(28,377		)	(26,173		)
Provision for Current Year Warranties	29,087			26,438
Changes in Estimates	(1,003		)	(1,240		)
Balance, End of Period	$	44,744		$	45,037

Information on Earnings (Loss) Per Share

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

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			July 1, 2012
Net Income (Loss)	$	28,347		$	(33,657	)	$	29,006
Less: Earnings Allocated to Participating Securities	(768		)	(605		)	(508		)
Net Income (Loss) available to Common Shareholders	$	27,579		$	(34,262	)	$	28,498
Average Shares of Common Stock Outstanding	46,366			47,172			48,965
Incremental Common Shares Applicable to Common Stock Options and Performance Shares Based on the Common Stock Average Market Price During the Period	70			—			—
Incremental Common Shares Applicable to Deferred and Restricted Common Stock Based on the Common Stock Average Market Price During the Period	—			—			944
Diluted Average Shares of Common Stock Outstanding	46,436			47,172			49,909
Basic Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.58
Diluted Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.57

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per (Loss) Share

The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares, and their inclusion in the computation would be antidilutive:

	Fiscal Year Ended
	June 29, 2014		June 30, 2013		July 1, 2012
Options to Purchase Shares of Common Stock (in thousands)	916		1,590		3,679
Weighted Average Exercise Price of Options Excluded	$	29.62	$	34.13	$	27.71

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Stock Incentives (Schedule of Options Outstanding) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Beginning Balance, Shares	3,371,268	4,696,430	4,721,190
Granted During the Year, Stock Options	407,860	399,850	465,350
Exercised During the Year, Stock Options	(273,394)	(1,151,882)	(15,870)
Expired During the Year, Stock Options	(1,088,368)	(573,130)	(474,240)
Ending Balance, Shares	2,417,366	3,371,268	4,696,430
Exercisable, Shares	1,165,016
Beginning balance, Weighted Average Exercise Price	$ 25.97	$ 25.06	$ 26.38
Granted During the Year, Weighted Average Exercise Price	$ 20.82	$ 18.85	$ 16.20
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 19.76	$ 17.37	$ 14.83
Expired During the Year, Weighted Average Exercise Price	$ 32.82	$ 30.81	$ 29.87
Ending balance, Weighted Average Exercise Price	$ 22.71	$ 25.97	$ 25.06
Exercisable, Weighted Average Exercise Price	$ 27.19
Ending Balance, Weighted Average Remaining Contractual Term, Years	1 year 10 months 27 days
Exercisable, Weighted Average Remaining Contractual Term, Years	0 years 6 months 27 days
Ending Balance, Aggregate Intrinsic Value	$ 2,795
Exercisable, Aggregate Intrinsic Value	$ 139

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Other Income, Net Other Income, Net (Tables)

12 Months Ended

Jun. 29, 2014

Other Income, Net [Abstract]

Schedule of Other Nonoperating Income (Expense) [Table Text Block]

The components of Other Income, Net are as follows (in thousands):

	2014		2013		2012
Interest Income	$	1,540	$	888	$	512
Equity in Earnings from Unconsolidated Affiliates	6,264		4,244		5,100
Other Items	1,538		1,809		1,566
Total	$	9,342	$	6,941	$	7,178

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Summary of Significant Accounting Policies (Schedule Of Options To Purchase Shares Of Common Stock And Weighted Exercise Price Of Option Excluded) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share [Line Items]
Options to Purchase Shares of Common Stock	916,000	1,590,000	3,679,000
Weighted Average Exercise Prices of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share	$ 29.62	$ 34.13	$ 27.71
Potential Other Incremental Common Shares Excluded [Member]
Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share [Line Items]
Options to Purchase Shares of Common Stock	1,126,000

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Segment and Geographic Information and Significant Customers (Schedule of Company's Property Plant and Equipment Based on Geographic Location) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Property, Plant and Equipment, Net	$ 297,007	$ 287,195	$ 301,249
United States
Property, Plant and Equipment, Net	281,029	269,477	280,954
All Other Countries [Member]
Property, Plant and Equipment, Net	$ 15,978	$ 17,718	$ 20,295

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
CURRENT ASSETS:
Cash and Cash Equivalents	$ 194,668	$ 188,445
Receivables, Less Reserves of $6,352 and $6,501, Respectively	220,590	190,800
Inventories:
Finished Products and Parts	268,116	306,104
Work in Process	102,431	96,751
Raw Materials	5,556	5,240
Total Inventories	376,103	408,095
Deferred Income Tax Asset	48,958	47,534
Prepaid Expenses and Other Current Assets	30,016	24,107
Total Current Assets	870,335	858,981
GOODWILL	144,522	147,352
Investments	27,137	19,764
DEBT ISSUANCE COSTS, Net	4,671	4,710
OTHER INTANGIBLE ASSETS, Net	80,317	87,980
LONG-TERM DEFERRED INCOME TAX ASSET	15,178	27,544
OTHER LONG-TERM ASSETS, Net	10,539	14,025
PLANT AND EQUIPMENT:
Land and Land Improvements	16,173	15,947
Buildings	131,159	130,872
Machinery and Equipment	849,470	852,039
Construction in Progress	39,046	20,497
Plant and Equipment before Accumulated Depreciation	1,035,848	1,019,355
Less - Accumulated Depreciation	738,841	732,160
Total Plant and Equipment, Net	297,007	287,195
TOTAL ASSETS	1,449,706	1,447,551
CURRENT LIABILITIES:
Accounts Payable	169,271	143,189
Short-Term Debt	0	300
Accrued Liabilities:
Wages and Salaries	45,585	35,163
Warranty	27,066	26,167
Accrued Postretirement Health Care Obligation	13,882	16,344
Other	47,383	53,592
Total Accrued Liabilities	133,916	131,266
Total Current Liabilities	303,187	274,755
ACCRUED PENSION COST	126,529	150,131
ACCRUED EMPLOYEE BENEFITS	24,491	23,458
ACCRUED POSTRETIREMENT HEALTH CARE OBLIGATION	59,290	72,695
ACCRUED WARRANTY	17,678	18,871
OTHER LONG-TERM LIABILITIES	21,097	14,703
LONG-TERM DEBT	225,000	225,000
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' INVESTMENT:
Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares	579	579
Additional Paid-In Capital	78,466	77,004
Retained Earnings	1,048,466	1,042,917
Accumulated Other Comprehensive Loss	(195,257)	(224,928)
Treasury Stock at Cost, 11,536 and 9,901 Shares, Respectively	(259,820)	(227,634)
Total Shareholders' Investment	672,434	667,938
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ 1,449,706	$ 1,447,551

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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables)

12 Months Ended

Jun. 29, 2014

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):

	June 29, 2014 Carrying Amount		Maximum Guarantee
6.875% Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	—	$	500,000

Schedule of Consolidated Balance Sheets

CONSOLIDATING BALANCE SHEET: As of June 29, 2014	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	138,926	$	2,680	$	53,062	$	—		$	194,668
Accounts Receivable, Net	86,099		100,062		34,429		—			220,590
Intercompany Accounts Receivable	15,987		3,492		32,826		(52,305		)	—
Inventories, Net	165,159		146,749		64,195		—			376,103
Deferred Tax Asset	33,343		13,904		1,711		—			48,958
Prepaid Expenses and Other	17,436		3,508		9,072					30,016
Total Current Assets	$	456,950	$	270,395	$	195,295	$	(52,305	)	$	870,335
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	16,222	$	—		$	144,522
Investments	27,137		—		—		—			27,137
Investments in Subsidiaries	470,391		—		—		(470,391		)	—
Intercompany Note Receivable	49,293		84,567		13,876		(147,736		)	—
Debt Issuance Costs, Net	4,671		—		—		—			4,671
Other Intangible Assets, Net	—		55,909		24,408		—			80,317
Long-Term Deferred Tax Asset	32,507		—		677		(18,006		)	15,178
Other Long-Term Assets, Net	7,120		2,088		1,331		—			10,539
Total Other Assets	$	719,419	$	142,564	$	56,514	$	(636,133	)	$	282,364
PLANT AND EQUIPMENT, NET	241,166		39,863		15,978		—			297,007
TOTAL ASSETS	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706
CURRENT LIABILITIES:
Accounts Payable	105,532		45,171		18,568		—			169,271
Intercompany Accounts Payable	21,859		6,002		24,444		(52,305		)	—
Accrued Liabilities	85,735		31,863		16,318		—			133,916
Total Current Liabilities	$	213,126	$	83,036	$	59,330	$	(52,305	)	$	303,187
OTHER LIABILITIES:
Accrued Pension Cost	125,481		421		627		—			126,529
Accrued Employee Benefits	24,491		—		—		—			24,491
Accrued Postretirement Health Care Obligation	44,928		14,362		—		—			59,290
Accrued Warranty	9,300		8,378		—		—			17,678
Intercompany Note Payable	85,343		—		62,393		(147,736		)	—
Deferred Tax Liabilities			18,006		—		(18,006		)	—
Other Long-Term Liabilities	17,432		2,659		1,006		—			21,097
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	531,975	$	43,826	$	64,026	$	(165,742	)	$	474,085
TOTAL SHAREHOLDERS’ INVESTMENT:	672,434		325,960		144,431		(470,391		)	672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706

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 Tax Asset	32,543		13,923		1,068		—			47,534
Prepaid Expenses and Other	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, Net	4,710		—		—		—			4,710
Other Intangible Assets, Net	—		62,612		25,368		—			87,980
Long-Term Deferred 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
Accrued Warranty	9,400		9,471		—		—			18,871
Intercompany Note Payable	85,095				56,982		(142,077		)	—
Deferred Tax Liabilities	—		21,233		—		(21,233		)	—
Other Long-Term Liabilities	10,608		3,070		1,025		—			14,703
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 Consolidated Statement of Operations

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Fiscal Year Ended June 29, 2014	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	1,156,394		$	599,013		$	304,160		$	(200,507	)	$	1,859,060
Cost of Goods Sold	928,557			544,313			234,073			(200,507		)	1,506,436
Restructuring Charges	3,830			228			1,783			—			5,841
Gross Profit	224,007			54,472			68,304			—			346,783
Engineering, Selling, General and Administrative Expenses	163,594			76,021			51,752			—			291,367
Restructuring Charges	77			67			554			—			698
Goodwill and Tradename Impairment	—			5,500			2,960			—			8,460
Equity in Loss from Subsidiaries	5,622			—			—			(5,622		)	—
Income (Loss) from Operations	54,714			(27,116		)	13,038			5,622			46,258
Interest Expense	(18,431		)	(6		)	(29		)	—			(18,466		)
Other Income, Net	8,251			152			939			—			9,342
Income (Loss) Before Provision for Income Taxes	44,534			(26,970		)	13,948			5,622			37,134
Provision (Credit) for Income Taxes	16,187			(9,889		)	2,489			—			8,787
Net Income (Loss)	$	28,347		$	(17,081	)	$	11,459		$	5,622		$	28,347
Comprehensive Income (Loss)	$	58,018		$	(16,836	)	$	12,832		$	4,004		$	58,018
For the Fiscal Year Ended June 30, 2013
Net Sales	$	1,126,562		$	695,137		$	277,516		$	(236,717	)	$	1,862,498
Cost of Goods Sold	916,859			626,266			208,189			(236,717		)	1,514,597
Restructuring Charges	9,614			8,618			529			—			18,761
Gross Profit	200,089			60,253			68,798			—			329,140
Engineering, Selling, General and Administrative Expenses	161,465			71,434			43,289			—			276,188
Restructuring Charges	3,435			—			—			—			3,435
Goodwill Impairment	—			83,314			6,766			—			90,080
Equity in Loss from Subsidiaries	45,191			—			—			(45,191		)	—
Income (Loss) from Operations	(10,002		)	(94,495		)	18,743			45,191			(40,563		)
Interest Expense	(18,369		)	(3		)	(147		)	—			(18,519		)
Other Income, Net	6,225			286			430			—			6,941
Income (Loss) Before Provision for Income Taxes	(22,146		)	(94,212		)	19,026			45,191			(52,141		)
Provision (Credit) for Income Taxes	11,511			(30,902		)	907			—			(18,484		)
Net Income (Loss)	$	(33,657	)	$	(63,310	)	$	18,119		$	45,191		$	(33,657	)
Comprehensive Income (Loss)	$	64,119		$	(62,068	)	$	16,779		$	45,289		$	64,119
For the Fiscal Year Ended July 1, 2012
Net Sales	$	1,235,805		$	835,011		$	321,216		$	(325,499	)	$	2,066,533
Cost of Goods Sold	1,007,493			744,103			258,951			(325,499		)	1,685,048
Restructuring Charges	4,235			28,790			11,735			—			44,760
Gross Profit	224,077			62,118			50,530			—			336,725
Engineering, Selling, General and Administrative Expenses	167,133			80,915			42,333			—			290,381
Restructuring Charges	4,001			1,106			—			—			5,107
Equity in Loss from Subsidiaries	5,881			—			—			(5,881		)	—
Income (Loss) from Operations	47,062			(19,903		)	8,197			5,881			41,237
Interest Expense	(18,347		)	(33		)	(162		)	—			(18,542		)
Other Income, Net	4,830			207			2,141			—			7,178
Income (Loss) Before Provision for Income Taxes	33,545			(19,729		)	10,176			5,881			29,873
Provision (Credit) for Income Taxes	4,539			(8,897		)	5,225			—			867
Net Income (Loss)	$	29,006		$	(10,832	)	$	4,951		$	5,881		$	29,006
Comprehensive Income (Loss)	$	(50,200	)	$	(12,062	)	$	(2,529	)	$	14,591		$	(50,200	)

Schedule of Consolidated Statement of Cash Flows

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 29, 2014	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	77,161		$	6,816		$	43,102		$	—	$	127,079
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(55,775		)	(2,718		)	(1,878		)	—		(60,371		)
Proceeds Received on Disposition of Plant and Equipment	170			33			425			—		628
Cash Investment in Subsidiary	13,307			—			(13,307		)	—		—
Net Cash Used in Investing Activities	(42,298		)	(2,685		)	(14,760		)	—		(59,743		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	2,726			(2,726		)	(300		)	—		(300		)
Debt Issuance Costs	(949		)	—			—			—		(949		)
Cash Dividends Paid	(22,697		)	—			—			—		(22,697		)
Stock Option Exercise Proceeds and Tax Benefits	5,402			—			—			—		5,402
Treasury Stock Repurchases	(43,047		)	—			—			—		(43,047		)
Net Cash Provided by (Used in) Financing Activities	(58,565		)	(2,726		)	(300		)	—		(61,591		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			478			—		478
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(23,702		)	1,405			28,520			—		6,223
Cash and Cash Equivalents, Beginning of Year	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, End of Year	$	138,926		$	2,680		$	53,062		$	—	$	194,668

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended June 30, 2013	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by Operating Activities	$	69,746		$	40,812		$	50,255		$	—	$	160,813
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(36,306		)	(6,120		)	(2,452		)	—		(44,878		)
Cash Paid for Acquisition, Net of Cash Acquired	—			—			(59,627		)	—		(59,627		)
Proceeds Received on Disposition of Plant and Equipment	70			6,068			6,354			—		12,492
Cash Investment in Subsidiary	(15,194		)	—			15,194			—		—
Net Cash Used in Investing Activities	(51,430		)	(52		)	(40,531		)	—		(92,013		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	44,860			(44,860		)	(2,700		)	—		(2,700		)
Cash Dividends Paid	(23,285		)	—			—			—		(23,285		)
Stock Option Exercise Proceeds and Tax Benefits	19,988			—			—			—		19,988
Treasury Stock Repurchases	(30,359		)	—			—			—		(30,359		)
Net Cash Provided by (Used in) Financing Activities	11,204			(44,860		)	(2,700		)	—		(36,356		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(74		)	—		(74		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	29,520			(4,100		)	6,950			—		32,370
Cash and Cash Equivalents, Beginning of Year	133,108			5,375			17,592			—		156,075
Cash and Cash Equivalents, End of Year	$	162,628		$	1,275		$	24,542		$	—	$	188,445

CONSOLIDATING STATEMENT OF CASH FLOWS: For the Fiscal Year Ended July 1, 2012	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in)Operating Activities	$	82,114		$	2,879		$	(19,032	)	$	—	$	65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(40,456		)	(6,588		)	(2,529		)	—		(49,573		)
Cash Paid for Acquisition, Net of Cash Received	—			—			(2,673		)	—		(2,673		)
Proceeds Received on Disposition of Plant and Equipment	141			1,278			38			—		1,457
Cash Investment in Subsidiary	2,141			—			(2,141		)	—		—
Net Cash Used in Investing Activities	(38,174		)	(5,310		)	(7,305		)	—		(50,789		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Loans, Notes Payable and Long-Term Debt	(6,434		)	6,434			—			—		—
Debt Issuance Costs	(2,007		)	—			—			—		(2,007		)
Cash Dividends Paid	(22,011		)	—			—			—		(22,011		)
Stock Option Exercise Proceeds and Tax Benefits	235			—			—			—		235
Treasury Stock Repurchases	(39,287		)	—			—			—		(39,287		)
Net Cash Provided by (Used in) Financing Activities	(69,504		)	6,434			—			—		(63,070		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(5,666		)	—		(5,666		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(25,564		)	4,003			(32,003		)	—		(53,564		)
Cash and Cash Equivalents, Beginning of Year	158,672			1,372			49,595			—		209,639
Cash and Cash Equivalents, End of Year	$	133,108		$	5,375		$	17,592		$	—	$	156,075

XML

Employee Benefit Costs (Schedule of Income and Expense) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Net Curtailment Loss		$ 1,914	$ (700)
Pension Benefits [Member]
Service Cost-Benefits Earned During the Year	7,645	13,222	13,764
Interest Cost on Projected Benefit Obligation	53,743	50,154	56,762
Expected Return on Plan Assets	(74,152)	(75,832)	(76,445)
Amortization of Transition Obligation	0	7	8
Amortization of Prior Service Cost (Credit)	180	366	2,856
Amortization of Actuarial Loss	25,105	34,821	20,230
Net Curtailment Loss	0
Net Periodic Expense	12,521	24,652	17,550
Other Postretirement Benefits [Member]
Service Cost-Benefits Earned During the Year	333	358	407
Interest Cost on Projected Benefit Obligation	4,565	4,754	6,468
Expected Return on Plan Assets	0	0	0
Amortization of Transition Obligation	0	0	0
Amortization of Prior Service Cost (Credit)	(2,895)	(3,589)	(3,800)
Amortization of Actuarial Loss	5,527	7,624	8,942
Net Curtailment Loss	0	0	359
Net Periodic Expense	$ 7,530	$ 9,147	$ 12,376

XML

Consolidated Statements of Comprehensive Income (Loss) Consolidated Statements of Comprehensive Income (Loss) Parenthetical (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Statement of Other Comprehensive Income (Loss) [Abstract]
Unrealized Gain (Loss) on Derivative Instruments Tax Provision (Benefit)	$ 1,605	$ 2,428	$ (3,301)
Unrecognized Pension & Postretirement Obligation Tax Provision (Benefit)	$ 16,067	$ 57,591	$ (38,537)

XML

Employee Benefit Costs (Narrative) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Accumulated benefit obligation for defined benefit pension plans	$ 1,173,000,000	$ 1,115,000,000
Annual rate of increase in per capita cost of health care claims, current fiscal year	7.80%
Annual rate of increase in per capita cost of health care claims, ultimate trend rate	4.50%
Health care claims, year that ultimate trend rate reached	2028
Increase in accumulated postretirement benefit due to increase of one percentage point	1,900,000
Increase in service and interest cost due to increase of one percentage point	100,000
Decrease in accumulated postretirement benefit due to decrease of one percentage point	2,100,000
Decrease in service and interest cost due to decrease of one percentage point	100,000
Plan Curtailments		(1,914,000)	700,000
Required minimum contributions to qualified pension plan in fiscal 2014	0
Nonelective contribution percentage	2.00%
Employer Contributions	10,800,000	7,900,000	8,300,000
Pension Plans, Defined Benefit [Member]
Plan Curtailments	$ 0
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.40%	5.00%
DefinedContributionPlanAmendmentEffectiveJanuary2014 [Member]
Nonelective contribution percentage	3.00%
Minimum [Member]
Maximum percentage of participant salary matched	1.50%
Minimum [Member] | DefinedContributionPlanAmendmentEffectiveJanuary2014 [Member]
Maximum percentage of participant salary matched	3.50%
Maximum [Member]
Maximum percentage of participant salary matched	3.50%
Maximum [Member] | DefinedContributionPlanAmendmentEffectiveJanuary2014 [Member]
Maximum percentage of participant salary matched	4.00%

XML

Goodwill and Other Intangible Assets (Schedule of Changes in the Carrying Amount of Goodwill) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013
Goodwill [Line Items]
Beginning Goodwill Balance	$ 147,352	$ 204,764
Impairment Loss	(2,960)	(71,310)
Acquisition	0	15,296
Effect of Translation	130	(1,398)
Ending Goodwill Balance	144,522	147,352
Engines [Member]
Goodwill [Line Items]
Beginning Goodwill Balance	140,937	137,359
Impairment Loss	0	0
Acquisition	0	4,589
Effect of Translation	125	(1,011)
Ending Goodwill Balance	141,062	140,937
Products [Member]
Goodwill [Line Items]
Beginning Goodwill Balance	6,415	67,405
Impairment Loss	(2,960)	(71,310)
Acquisition	0	10,707
Effect of Translation	5	(387)
Ending Goodwill Balance	$ 3,460	$ 6,415

XML

Employee Benefit Costs (Schedule of Company's Pension Plan's Asset Allocations) (Details)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013
Plan Assets at Year-End	100.00%	100.00%
Domestic Equities [Member]
Target Percentage, Minimum	17.00%
Target Percentage, Maximum	25.00%
Plan Assets at Year-End	20.00%	22.00%
International Equities [Member]
Target Percentage, Minimum	5.00%
Target Percentage, Maximum	15.00%
Plan Assets at Year-End	10.00%	10.00%
Alternative and Absolute Return [Member]
Target Percentage, Minimum	10.00%
Target Percentage, Maximum	20.00%
Plan Assets at Year-End	16.00%	26.00%
Emerging Markets Global Balanced [Member]
Target Percentage, Minimum	0.00%
Target Percentage, Maximum	0.00%
Fixed Income [Member]
Target Percentage, Minimum	45.00%
Target Percentage, Maximum	55.00%
Plan Assets at Year-End	52.00%	39.00%
Cash Equivalents [Member]
Target Percentage, Minimum	1.00%
Plan Assets at Year-End	2.00%	3.00%

XML

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 29, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the fiscal years ended June 29, 2014 and June 30, 2013 are as follows (in thousands):

	Engines			Products			Total
Goodwill Balance at July 1, 2012	$	137,359		$	67,405		$	204,764
Impairment Loss	—			(71,310		)	(71,310		)
Acquisition	4,589			10,707			15,296
Effect of Translation	(1,011		)	(387		)	(1,398		)
Goodwill Balance at June 30, 2013	$	140,937		$	6,415		$	147,352
Impairment Loss	—			(2,960		)	(2,960		)
Acquisition	—			—			—
Effect of Translation	125			5			130
Goodwill Balance at June 29, 2014	$	141,062		$	3,460		$	144,522

Schedule of Other Intangible Assets

The Company’s other intangible assets as of June 29, 2014 and June 30, 2013 are as follows (in thousands):

	2014									2013
	Gross Carrying Amount			Accumulated Amortization			Net			Gross Carrying Amount			Accumulated Amortization			Net
Amortized Intangible Assets:
Patents	$	13,601		$	(11,167	)	$	2,434		$	13,601		$	(10,680	)	$	2,921
Customer Relationships	32,539			(8,610		)	23,929			32,539			(6,971		)	25,568
Effect of Translation	(991		)	(49		)	(1,040		)	(991		)	39			(952		)
Total Amortized Intangible Assets	45,149			(19,826		)	25,323			45,149			(17,612		)	27,537
Unamortized Intangible Assets:
Tradenames	55,016			—			55,016			60,516			—			60,516
Effect of Translation	(22		)	—			(22		)	(73		)	—			(73		)
Total Unamortized Intangible Assets	54,994			—			54,994			60,443			—			60,443
Total Intangible Assets	$	100,143		$	(19,826	)	$	80,317		$	105,592		$	(17,612	)	$	87,980

Schedule of Estimated Amortization Expense of Other Intangible Assets

The estimated amortization expense of other intangible assets for the next five years is (in thousands):

2015	$	2,178
2016	2,178
2017	2,178
2018	2,178
2019	2,178
	$	10,890

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Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Jun. 29, 2014		Jun. 30, 2013		Jul. 01, 2012
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at U.S. Statutory Income Tax Rate	35.00%		35.00%		35.00%
Effective Income Tax Rate Reconciliation, State Taxes Net of Federal Benefit	2.00%		1.10%		1.80%
Effective Income Tax Rate Reconciliation, Impact of Foreign Operations and Tax Rates	0.70%		5.30%		4.20%
Effective Income Tax Rate Reconciliation, Impact of Dividends Received	(0.80%)		1.10%		(2.20%)
Effective Income Tax Rate Reconciliation, Changes to Unrecognized Tax Benefits	1.20%		(0.50%)		(16.00%)
Effective Income Tax Rate Reconciliation, Impact of Restructuring Actions	0.00%		(2.10%)		(18.70%)
Effective Income Tax Reconciliation, Benefits on State Credits and NOL's, Net of Valuation Allowance	(0.40%)		4.30%		0.00%
Effective Income Tax Reconciliation, Change in Accounting Method	(7.80%)	[1]	0.00%		0.00%
Effective Income Tax Rate Reconciliation, Other Net	(6.20%)	[2]	(8.70%)	[2]	(1.20%)
Effective Tax Rate	23.70%		35.50%		2.90%
Effective Tax Rate Reconciliation, Taxpayer election	(4.80%)
Effective Income Tax Rate Reconcilation, Impact of Goodwill Impairment			(10.80%)
Effective Income Tax Rate Reconciliation, Miscellaneous Adjustments	(1.40%)		2.10%

[1] "Change in Accounting Method" in fiscal 2014 relates to a taxpayer election filed in the current year, which provided the Company a tax benefit that was previously unavailable.

[2] “Other, Net” in fiscal 2014 includes (4.8)% for the impact of U.S. manufacturers deduction and (1.4)% for other items, and in fiscal 2013 includes (10.8)% for the impact of goodwill impairment and 2.1% for other items.

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Commitments and Contingencies

12 Months Ended

Jun. 29, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies:

The Company is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees.

On 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 similar 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 were based on various theories of Canadian law and sought unspecified damages. On June 27, 2013, the Company entered into a Canadian Lawnmower Class Action National Settlement Agreement (“Settlement”) that resolved 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. The Settlement was approved by the Ontario Court and the Quebec Court in September 2013, and all payments required by the Company have been made. As a result of the Settlement, the Company recorded a total charge of US $1.9 million as a litigation settlement expense on the Statement of Operations in the fourth quarter of fiscal year 2013.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended 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. 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. A class has been certified, and discovery has been concluded. Briefing on the Company’s and the retirees' summary judgment motions will occur soon. If the court denies the motions, a jury trial will be scheduled.

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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Income Taxes (Tables)

12 Months Ended

Jun. 29, 2014

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, U.S. and Foreign

Components of income (loss) before income taxes consists of the following (in thousands):

	2014		2013			2012
U.S.	$	30,291	$	(58,625	)	$	28,053
Foreign	6,843		6,484			1,820
Total	$	37,134	$	(52,141	)	$	29,873

Schedule of Provision (Credit) for Income Tax Benefit

The provision (credit) for income taxes consists of the following (in thousands):

	2014			2013			2012
Current
Federal	$	9,725		$	10,377		$	(8,711	)
State	733			(1,870		)	430
Foreign	3,725			923			5,222
	14,183			9,430			(3,059		)
Deferred	(5,396		)	(27,914		)	3,926
	$	8,787		$	(18,484	)	$	867

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory tax rates to the effective tax rates on income follows:

	2014		2013		2012
U.S. Statutory Rate	35.0	%	35.0	%	35.0	%
State Taxes, Net of Federal Tax Benefit	2.0	%	1.1	%	1.8	%
Impact of Foreign Operations and Tax Rates	0.7	%	5.3	%	4.2	%
Impact of Dividends Received	(0.8	)%	1.1	%	(2.2	)%
Changes to Unrecognized Tax Benefits	1.2	%	(0.5	)%	(16.0	)%
Impact of Restructuring Actions	—	%	(2.1	)%	(18.7	)%
Benefits on State Credits and NOL's, Net of Valuation Allowance	(0.4	)%	4.3	%	—	%
*Change in Accounting Method	(7.8	)%	—	%	—	%
**Other, Net	(6.2	)%	(8.7	)%	(1.2	)%
Effective Tax Rate	23.7	%	35.5	%	2.9	%

Schedule of Deferred Income Taxes

The components of deferred income taxes were as follows (in thousands):

Current Asset (Liability):	2014			2013
Difference Between Book and Tax Related to:
Inventory	$	13,504		$	13,697
Payroll Related Accruals	4,741			3,870
Warranty Reserves	10,247			9,897
Workers Compensation Accruals	2,547			2,685
Other Accrued Liabilities	12,191			14,618
Pension Cost	—			746
Net Operating Loss/State Credit Carryforwards	585			4,608
Miscellaneous	5,143			(2,587		)
Deferred Income Tax Asset (Liability)	$	48,958		$	47,534
Long-Term Asset (Liability):
Difference Between Book and Tax Related to:
Pension Cost	$	25,272		$	35,663
Accumulated Depreciation	(45,397		)	(54,339		)
Intangibles	(43,062		)	(44,611		)
Accrued Employee Benefits	44,827			45,016
Postretirement Health Care Obligation	22,530			27,787
Warranty	6,718			7,227
Valuation Allowance	(15,241		)	(12,725		)
Net Operating Loss/State Credit Carryforwards	19,629			17,236
Miscellaneous	(98		)	6,290
Deferred Income Tax Asset (Liability)	$	15,178		$	27,544

Schedule of Unrecognized Tax Benefits Roll Forward

The change to the gross unrecognized tax benefits of the Company during the fiscal year ended June 29, 2014 and June 30, 2013 is reconciled as follows:

Unrecognized Tax Benefits (in thousands):

	2014			2013			2012
Beginning Balance	$	6,949		$	6,717		12,040
Changes based on tax positions related to prior year	380			—			—
Additions based on tax positions related to current year	378			997			429
Settlements with taxing authorities	—			(39		)	(516		)
Lapse of statute of limitations	(50		)	(726		)	(5,236		)
Ending Balance	$	7,657		$	6,949		$	6,717

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Employee Benefit Costs (Schedule of Accumulated Other Comprehensive Income That Are Expected To Be Recognized As Components Of Net Periodic (Income) Expense During The Next Fiscal Year) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014
Pension Benefits [Member]
Prior Service Cost (Credit)	$ 180
Net Actuarial Loss	13,190
Other Postretirement Benefits [Member]
Prior Service Cost (Credit)	(2,758)
Net Actuarial Loss	$ 4,255

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Shareholder Rights Agreement

12 Months Ended

Jun. 29, 2014

Shareholder Rights Agreement

Shareholder Rights Agreement

Shareholder Rights Agreement:

On August 6, 1996, the Board of Directors declared a dividend distribution of one common stock purchase right (a right) for each share of the Company's common stock outstanding on August 19, 1996. Each right would entitle shareowners to buy one-half of one share of the Company's common stock at an exercise price of $80.00 per full common share (equivalent to $40.00 for each one-half of one share of common stock), subject to adjustment. Pursuant to the rights agreement, in order for the rights to become exercisable, a person or group must acquire or attempt to acquire 20 percent or more of the Company's outstanding shares. Shareholders may vote to redeem the rights in certain circumstances, and the rights may be redeemed at a redemption price of $0.001 per right. On August 8, 2012, the Board of Directors amended the rights agreement to extend its term until October 21, 2015, subject to shareholder ratification; shareholders ratified the rights agreement at the Company's annual meeting on October 17, 2012.

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Segment and Geographic Information and Significant Customers (Schedules of Segment Reporting Information) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
NET SALES	$ 1,859,060	$ 1,862,498	$ 2,066,533
GROSS PROFIT	346,783	329,140	336,725
INCOME (LOSS) FROM OPERATIONS	46,258	(40,563)	41,237
ASSETS	1,449,706	1,447,551	1,608,231
CAPITAL EXPENDITURES	60,371	44,878	49,573
DEPRECIATION AND AMORTIZATION	50,343	55,752	63,714
Engines [Member]
NET SALES	1,219,627	1,189,674	1,309,942
GROSS PROFIT	257,441	236,486	250,323
INCOME (LOSS) FROM OPERATIONS	72,213	59,093	66,559
ASSETS	1,048,416	1,013,204	1,120,065
CAPITAL EXPENDITURES	56,230	36,002	42,697
DEPRECIATION AND AMORTIZATION	39,456	42,349	45,647
Products [Member]
NET SALES	736,312	805,450	952,110
GROSS PROFIT	87,682	87,392	86,193
INCOME (LOSS) FROM OPERATIONS	(27,615)	(104,918)	(25,531)
ASSETS	503,609	545,081	629,325
CAPITAL EXPENDITURES	4,141	8,876	6,876
DEPRECIATION AND AMORTIZATION	10,887	13,403	18,067
Eliminations [Member]
NET SALES	(96,879)	(132,626)	(195,519)
GROSS PROFIT	1,660	5,262	209
INCOME (LOSS) FROM OPERATIONS	1,660	5,262	209
ASSETS	$ (102,319)	$ (110,734)	$ (141,159)

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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Schedule of Consolidated Balance Sheets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012	Jul. 03, 2011
CURRENT ASSETS:
Cash and Cash Equivalents	$ 194,668	$ 188,445	$ 156,075	$ 209,639
Accounts Receivable, Net	220,590	190,800
Intercompany Accounts Receivable	0	0
Inventories, Net	376,103	408,095
Deferred Tax Asset	48,958	47,534
Prepaid Expenses and Other	30,016	24,107
Total Current Assets	870,335	858,981
OTHER ASSETS
Goodwill	144,522	147,352	204,764
Investments	27,137	19,764
Investment In Subsidiaries	0	0
Intercompany Note Receivable	0	0
Debt Issuance Costs, Net	4,671	4,710
Other Intangible Assets, Net	80,317	87,980
Long-Term Deferred Tax Asset	15,178	27,544
Other Long-Term Assets, Net	10,539	14,025
Total Other Assets	282,364	301,375
PLANT AND EQUIPMENT, NET	297,007	287,195	301,249
TOTAL ASSETS	1,449,706	1,447,551	1,608,231
CURRENT LIABILITIES:
Accounts Payable	169,271	143,189
Intercompany Accounts Payable	0	0
Short-Term Debt	0	300
Accrued Liabilities	133,916	131,266
Total Current Liabilities	303,187	274,755
OTHER LIABILITIES
Accrued Pension Cost	126,529	150,131
Accrued Employee Benefits	24,491	23,458
Accrued Postretirement Health Care Obligation	59,290	72,695
Accrued Warranty	17,678	18,871
Intercompany Note Payable	0	0
Deferred Tax Liabilities	0	0
Other Long-Term Liabilities	21,097	14,703
Long-Term Debt	225,000	225,000
Total Other Liabilities	474,085	504,858
TOTAL SHAREHOLDERS' INVESTMENT	672,434	667,938	631,970	737,943
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	1,449,706	1,447,551
Briggs & Stratton Corporation [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	138,926	162,628	133,108	158,672
Accounts Receivable, Net	86,099	80,017
Intercompany Accounts Receivable	15,987	11,987
Inventories, Net	165,159	165,600
Deferred Tax Asset	33,343	32,543
Prepaid Expenses and Other	17,436	15,194
Total Current Assets	456,950	467,969
OTHER ASSETS
Goodwill	128,300	128,300
Investments	27,137	19,764
Investment In Subsidiaries	470,391	520,604
Intercompany Note Receivable	49,293	45,747
Debt Issuance Costs, Net	4,671	4,710
Other Intangible Assets, Net	0	0
Long-Term Deferred Tax Asset	32,507	48,694
Other Long-Term Assets, Net	7,120	9,810
Total Other Assets	719,419	777,629
PLANT AND EQUIPMENT, NET	241,166	224,002
TOTAL ASSETS	1,417,535	1,469,600
CURRENT LIABILITIES:
Accounts Payable	105,532	91,965
Intercompany Accounts Payable	21,859	38,078
Short-Term Debt		0
Accrued Liabilities	85,735	111,146
Total Current Liabilities	213,126	241,189
OTHER LIABILITIES
Accrued Pension Cost	125,481	149,614
Accrued Employee Benefits	24,491	23,458
Accrued Postretirement Health Care Obligation	44,928	57,298
Accrued Warranty	9,300	9,400
Intercompany Note Payable	85,343	85,095
Deferred Tax Liabilities		0
Other Long-Term Liabilities	17,432	10,608
Long-Term Debt	225,000	225,000
Total Other Liabilities	531,975	560,473
TOTAL SHAREHOLDERS' INVESTMENT	672,434	667,938
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	1,417,535	1,469,600
Guarantor Subsidiaries [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	2,680	1,275	5,375	1,372
Accounts Receivable, Net	100,062	80,531
Intercompany Accounts Receivable	3,492	5,971
Inventories, Net	146,749	175,523
Deferred Tax Asset	13,904	13,923
Prepaid Expenses and Other	3,508	1,967
Total Current Assets	270,395	279,190
OTHER ASSETS
Goodwill	0	0
Investments	0	0
Investment In Subsidiaries	0	0
Intercompany Note Receivable	84,567	81,844
Debt Issuance Costs, Net	0	0
Other Intangible Assets, Net	55,909	62,612
Long-Term Deferred Tax Asset	0	0
Other Long-Term Assets, Net	2,088	2,957
Total Other Assets	142,564	147,413
PLANT AND EQUIPMENT, NET	39,863	45,475
TOTAL ASSETS	452,822	472,078
CURRENT LIABILITIES:
Accounts Payable	45,171	37,112
Intercompany Accounts Payable	6,002	5,197
Short-Term Debt		0
Accrued Liabilities	31,863	7,452
Total Current Liabilities	83,036	49,761
OTHER LIABILITIES
Accrued Pension Cost	421	472
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	14,362	15,397
Accrued Warranty	8,378	9,471
Intercompany Note Payable	0
Deferred Tax Liabilities	18,006	21,233
Other Long-Term Liabilities	2,659	3,070
Long-Term Debt	0
Total Other Liabilities	43,826	49,643
TOTAL SHAREHOLDERS' INVESTMENT	325,960	372,674
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	452,822	472,078
Non-Guarantor Subsidiaries [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	53,062	24,542	17,592	49,595
Accounts Receivable, Net	34,429	30,252
Intercompany Accounts Receivable	32,826	46,366
Inventories, Net	64,195	66,972
Deferred Tax Asset	1,711	1,068
Prepaid Expenses and Other	9,072	6,946
Total Current Assets	195,295	176,146
OTHER ASSETS
Goodwill	16,222	19,052
Investments	0	0
Investment In Subsidiaries	0	0
Intercompany Note Receivable	13,876	14,486
Debt Issuance Costs, Net	0	0
Other Intangible Assets, Net	24,408	25,368
Long-Term Deferred Tax Asset	677	83
Other Long-Term Assets, Net	1,331	1,258
Total Other Assets	56,514	60,247
PLANT AND EQUIPMENT, NET	15,978	17,718
TOTAL ASSETS	267,787	254,111
CURRENT LIABILITIES:
Accounts Payable	18,568	14,112
Intercompany Accounts Payable	24,444	21,049
Short-Term Debt		300
Accrued Liabilities	16,318	12,668
Total Current Liabilities	59,330	48,129
OTHER LIABILITIES
Accrued Pension Cost	627	45
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	0	0
Accrued Warranty	0	0
Intercompany Note Payable	62,393	56,982
Deferred Tax Liabilities	0	0
Other Long-Term Liabilities	1,006	1,025
Long-Term Debt	0	0
Total Other Liabilities	64,026	58,052
TOTAL SHAREHOLDERS' INVESTMENT	144,431	147,930
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	267,787	254,111
Eliminations [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	0	0	0	0
Accounts Receivable, Net	0	0
Intercompany Accounts Receivable	(52,305)	(64,324)
Inventories, Net	0	0
Deferred Tax Asset	0	0
Prepaid Expenses and Other		0
Total Current Assets	(52,305)	(64,324)
OTHER ASSETS
Goodwill	0	0
Investments	0	0
Investment In Subsidiaries	(470,391)	(520,604)
Intercompany Note Receivable	(147,736)	(142,077)
Debt Issuance Costs, Net	0	0
Other Intangible Assets, Net	0	0
Long-Term Deferred Tax Asset	(18,006)	(21,233)
Other Long-Term Assets, Net	0	0
Total Other Assets	(636,133)	(683,914)
PLANT AND EQUIPMENT, NET	0	0
TOTAL ASSETS	(688,438)	(748,238)
CURRENT LIABILITIES:
Accounts Payable	0	0
Intercompany Accounts Payable	(52,305)	(64,324)
Short-Term Debt		0
Accrued Liabilities	0	0
Total Current Liabilities	(52,305)	(64,324)
OTHER LIABILITIES
Accrued Pension Cost	0	0
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	0	0
Accrued Warranty	0	0
Intercompany Note Payable	(147,736)	(142,077)
Deferred Tax Liabilities	(18,006)	(21,233)
Other Long-Term Liabilities	0	0
Long-Term Debt	0	0
Total Other Liabilities	(165,742)	(163,310)
TOTAL SHAREHOLDERS' INVESTMENT	(470,391)	(520,604)
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ (688,438)	$ (748,238)

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Consolidated Statements Of Shareholders' Investment (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
BALANCES	$ 667,938	$ 631,970	$ 737,943
Net Income (Loss)	28,347	(33,657)	29,006
Other Comprehensive Income (Loss), Net of Tax	29,671	97,776	(79,206)
Cash Dividends Paid	(22,798)	(23,285)	(22,011)
Stock Option Activity, Net of Tax	9,469	21,982	1,645
Restricted Stock	(899)	(234)	(162)
Amortization of Unearned Compensation	2,737	2,421	3,296
Deferred Stock	286	736	749
Shares Issued To Directors	730	588	(4)
Treasury Stock Purchases	(43,047)	(30,359)	39,286
BALANCES	672,434	667,938	631,970
Common Stock [Member]
BALANCES	579	579	579
Net Income (Loss)	0	0	0
Other Comprehensive Income (Loss), Net of Tax	0	0	0
Cash Dividends Paid	0	0	0
Stock Option Activity, Net of Tax	0	0	0
Restricted Stock	0	0	0
Amortization of Unearned Compensation	0	0	0
Deferred Stock	0	0	0
Shares Issued To Directors	0	0	0
Treasury Stock Purchases	0	0	0
BALANCES	579	579	579
Additional Paid-In Capital [Member]
BALANCES	77,004	81,723	79,354
Net Income (Loss)	0	0	0
Other Comprehensive Income (Loss), Net of Tax	0	0	0
Cash Dividends Paid	0	0	0
Stock Option Activity, Net of Tax	3,269	(4,680)	1,255
Restricted Stock	(3,322)	(3,127)	(2,901)
Amortization of Unearned Compensation	2,737	2,421	3,296
Deferred Stock	(1,188)	703	726
Shares Issued To Directors	(34)	(36)	(7)
Treasury Stock Purchases	0	0	0
BALANCES	78,466	77,004	81,723
Retained Earnings [Member]
BALANCES	1,042,917	1,099,859	1,092,864
Net Income (Loss)	28,347	(33,657)	29,006
Other Comprehensive Income (Loss), Net of Tax	0	0	0
Cash Dividends Paid	(22,798)	(23,285)	(22,011)
Stock Option Activity, Net of Tax	0	0	0
Restricted Stock	0	0	0
Amortization of Unearned Compensation	0	0	0
Deferred Stock	0	0	0
Shares Issued To Directors	0	0	0
Treasury Stock Purchases	0	0	0
BALANCES	1,048,466	1,042,917	1,099,859
Accumulated Other Comprehensive Income (Loss) [Member]
BALANCES	(224,928)	(322,704)	(243,498)
Net Income (Loss)	0	0	0
Other Comprehensive Income (Loss), Net of Tax	29,671	97,776	(79,206)
Cash Dividends Paid	0	0	0
Stock Option Activity, Net of Tax	0	0	0
Restricted Stock	0	0	0
Amortization of Unearned Compensation	0	0	0
Deferred Stock	0	0	0
Shares Issued To Directors	0	0	0
Treasury Stock Purchases	0	0	0
BALANCES	(195,257)	(224,928)	(322,704)
Treasury Stock [Member]
BALANCES	(227,634)	(227,487)	(191,356)
Net Income (Loss)	0	0	0
Other Comprehensive Income (Loss), Net of Tax	0	0	0
Cash Dividends Paid	0	0	0
Stock Option Activity, Net of Tax	6,200	26,662	390
Restricted Stock	2,423	2,893	2,739
Amortization of Unearned Compensation	0	0	0
Deferred Stock	1,474	33	23
Shares Issued To Directors	764	624	3
Treasury Stock Purchases	(43,047)	(30,359)	39,286
BALANCES	$ (259,820)	$ (227,634)	$ (227,487)

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Receivables, Less Reserves	$ 6,352	$ 6,501
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	11,536	9,901

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Income Taxes

12 Months Ended

Jun. 29, 2014

Income Tax Disclosure [Abstract]

Income Tax Disclosure

Income Taxes:

Components of income (loss) before income taxes consists of the following (in thousands):

	2014		2013			2012
U.S.	$	30,291	$	(58,625	)	$	28,053
Foreign	6,843		6,484			1,820
Total	$	37,134	$	(52,141	)	$	29,873

The provision (credit) for income taxes consists of the following (in thousands):

	2014			2013			2012
Current
Federal	$	9,725		$	10,377		$	(8,711	)
State	733			(1,870		)	430
Foreign	3,725			923			5,222
	14,183			9,430			(3,059		)
Deferred	(5,396		)	(27,914		)	3,926
	$	8,787		$	(18,484	)	$	867

A reconciliation of the U.S. statutory tax rates to the effective tax rates on income follows:

	2014		2013		2012
U.S. Statutory Rate	35.0	%	35.0	%	35.0	%
State Taxes, Net of Federal Tax Benefit	2.0	%	1.1	%	1.8	%
Impact of Foreign Operations and Tax Rates	0.7	%	5.3	%	4.2	%
Impact of Dividends Received	(0.8	)%	1.1	%	(2.2	)%
Changes to Unrecognized Tax Benefits	1.2	%	(0.5	)%	(16.0	)%
Impact of Restructuring Actions	—	%	(2.1	)%	(18.7	)%
Benefits on State Credits and NOL's, Net of Valuation Allowance	(0.4	)%	4.3	%	—	%
*Change in Accounting Method	(7.8	)%	—	%	—	%
**Other, Net	(6.2	)%	(8.7	)%	(1.2	)%
Effective Tax Rate	23.7	%	35.5	%	2.9	%

* "Change in Accounting Method" in fiscal 2014 relates to a taxpayer election filed in the current year, which provided the Company a tax benefit that was previously unavailable.

** “Other, Net” in fiscal 2014 includes (4.8)% for the impact of U.S. manufacturers deduction and (1.4)% for other items, and in fiscal 2013 includes (10.8)% for the impact of goodwill impairment and 2.1% for other items.

The components of deferred income taxes were as follows (in thousands):

Current Asset (Liability):	2014			2013
Difference Between Book and Tax Related to:
Inventory	$	13,504		$	13,697
Payroll Related Accruals	4,741			3,870
Warranty Reserves	10,247			9,897
Workers Compensation Accruals	2,547			2,685
Other Accrued Liabilities	12,191			14,618
Pension Cost	—			746
Net Operating Loss/State Credit Carryforwards	585			4,608
Miscellaneous	5,143			(2,587		)
Deferred Income Tax Asset (Liability)	$	48,958		$	47,534
Long-Term Asset (Liability):
Difference Between Book and Tax Related to:
Pension Cost	$	25,272		$	35,663
Accumulated Depreciation	(45,397		)	(54,339		)
Intangibles	(43,062		)	(44,611		)
Accrued Employee Benefits	44,827			45,016
Postretirement Health Care Obligation	22,530			27,787
Warranty	6,718			7,227
Valuation Allowance	(15,241		)	(12,725		)
Net Operating Loss/State Credit Carryforwards	19,629			17,236
Miscellaneous	(98		)	6,290
Deferred Income Tax Asset (Liability)	$	15,178		$	27,544

Deferred tax assets were generated during the current year as a result of foreign income tax loss carryforwards in the amount of $2.7 million. At June 29, 2014, there are $3.7 million of foreign income tax loss carryforwards, consisting of $1.9 million which have no expiration date, and $1.8 million which will expire within the next 5 to 10 years. A deferred tax asset of $16.5 million exists at June 29, 2014 related to state income tax losses and state tax credit carryforwards. If not utilized against future taxable income, this amount will expire from 2015 through 2028. Realization of the deferred tax assets are contingent upon generating sufficient taxable income prior to expiration of these carryforwards. At June 29, 2014, a valuation allowance of $2.9 million is recorded for the foreign losses which the Company believes are unlikely to be realized in the future. In addition, a valuation allowance of $12.3 million is recorded related to state tax credits that are unlikely to be realized.

The Company does not record deferred income taxes applicable to undistributed earnings of foreign subsidiaries for which the Company intends to reinvest such earnings indefinitely outside of the U.S. The undistributed earnings amounted to approximately $65.9 million at June 29, 2014. If the Company were to distribute these earnings, foreign tax credits may become available under current law to reduce the resulting U.S. income tax. Determination of the amount of unrecognized deferred tax liability related to these earnings is not practicable.

The change to the gross unrecognized tax benefits of the Company during the fiscal year ended June 29, 2014 and June 30, 2013 is reconciled as follows:

Unrecognized Tax Benefits (in thousands):

	2014			2013			2012
Beginning Balance	$	6,949		$	6,717		12,040
Changes based on tax positions related to prior year	380			—			—
Additions based on tax positions related to current year	378			997			429
Settlements with taxing authorities	—			(39		)	(516		)
Lapse of statute of limitations	(50		)	(726		)	(5,236		)
Ending Balance	$	7,657		$	6,949		$	6,717

As of June 29, 2014, gross unrecognized tax benefits that, if recognized, would impact the effective tax rate were $6.5 million. Of that amount, there is a reasonable possibility that approximately $2.8 million of the current remaining unrecognized tax benefits may be recognized within the next twelve months due to the resolution of audits or expiration of statutes of limitations.

The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. The total expense (income) recognized for fiscal years 2014, 2013 and 2012 was $0.1 million, $0.2 million, and $(1.0) million, respectively.

As of June 29, 2014 and June 30, 2013, the Company had $1.2 million and $0.9 million, respectively, accrued for the payment of interest and penalties.

At June 29, 2014 and June 30, 2013, the liability for uncertain tax positions, inclusive of interest and penalties, was $8.8 million and $7.9 million, respectively, which is recorded as an other long-term liability within the Consolidated Balance Sheets.

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 various state and foreign jurisdictions. The Company is no longer subject to tax examinations before fiscal 2004 in its major foreign jurisdictions.

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Restructuring Actions Restructuring Actions (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Restructuring Cost and Reserve [Line Items]
Plan Curtailments		$ 1,914,000	$ (700,000)
Restructuring Charges	6,539,000	22,196,000
After Tax Restructuring Charges	5,200,000	15,500,000
Restructuring Charge Per Diluted Share	$ 0.03	$ 0.33
Engines [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	3,524,000	12,443,000
Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 3,015,000	$ 9,753,000

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Foreign Exchange Risk Management (Schedule of Forward Currency Contracts Outstanding) (Details) In Thousands, unless otherwise specified	12 Months Ended							12 Months Ended
	Jun. 29, 2014 Australian Dollar, Sell [Member] USD ($)	Jun. 29, 2014 Australian Dollar, Sell [Member] AUD	Jun. 30, 2013 Australian Dollar, Sell [Member] USD ($)	Jun. 30, 2013 Australian Dollar, Sell [Member] AUD	Jun. 29, 2014 Canadian Dollar, Sell [Member] USD ($)	Jun. 29, 2014 Canadian Dollar, Sell [Member] CAD	Jun. 30, 2013 Canadian Dollar, Sell [Member] CAD	Jun. 29, 2014 Euro, Sell [Member] USD ($)	Jun. 29, 2014 Euro, Sell [Member] EUR (€)	Jun. 30, 2013 Euro, Sell [Member] USD ($)	Jun. 30, 2013 Euro, Sell [Member] EUR (€)	Jun. 29, 2014 Japanese Yen, Buy [Member] USD ($)	Jun. 29, 2014 Japanese Yen, Buy [Member] JPY (¥)	Jun. 30, 2013 Japanese Yen, Buy [Member] USD ($)	Jun. 30, 2013 Japanese Yen, Buy [Member] JPY (¥)	Jun. 29, 2014 Mexican Peso, Sell [Member] USD ($)	Jun. 29, 2014 Mexican Peso, Sell [Member] MXN	Jun. 30, 2013 Mexican Peso, Sell [Member] USD ($)	Jun. 30, 2013 Mexican Peso, Sell [Member] MXN
Derivative, Notional Amount		19,904		6,392		3,100	0		€ 49,300		€ 31,000		¥ 530,000		¥ 905,000		3,000		3,345
Contract Value	18,115		6,489		2,859			67,529		41,037		5,192		9,885		231		265
Fair Value	18,586		5,798		2,899			67,379		40,377		5,229		9,137		231		255
(Gain) Loss at Fair Value	$ 471		$ (691)		$ 40			$ (149)		$ (660)		$ (37)		$ 747		$ 0		$ (10)
Conversion Currency	U.S.	U.S.			U.S.	U.S.		U.S.	U.S.	U.S.	U.S.	U.S.	U.S.	U.S.	U.S.	U.S.	U.S.
Latest Expiration Date	Jun. 24, 2015	Jun. 24, 2015	Mar. 05, 2014	Mar. 05, 2014	Apr. 22, 2015	Apr. 22, 2015		Dec. 31, 2015	Dec. 31, 2015	Jun. 25, 2014	Jun. 25, 2014	Jan. 15, 2015	Jan. 15, 2015	Jun. 16, 2014	Jun. 16, 2014	Jul. 23, 2014	Jul. 23, 2014	Dec. 01, 2013	Dec. 01, 2013

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Derivative Instruments & Hedging Activities Impact of Derivative Contracts on Consolidated Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ (1,501)	$ (3,404)
Other Long-Term Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	43	257
Foreign Currency Contracts at Fair Value	12	0
Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	(1,209)	(1,020)
Foreign Currency Contracts at Fair Value	(9)	0
Commodity Contracts at Fair Value	(14)	(5)
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	337	1,752
Commodity Contracts at Fair Value	39	0
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	(665)	(1,138)
Commodity Contracts at Fair Value	$ (35)	$ (3,250)

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Document And Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Aug. 22, 2014	Dec. 29, 2013
Document Information [Line Items]
Entity Registrant Name	BRIGGS & STRATTON CORP
Entity Central Index Key	0000014195
Current Fiscal Year End Date	--06-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Jun. 29, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,807,549
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1,003.6

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Segment and Geographic Information and Significant Customers

12 Months Ended

Jun. 29, 2014

Segment Reporting [Abstract]

Segment and Geographical Information and Significant Customers

Segment and Geographic Information and Significant Customers:

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

	2014			2013			2012
NET SALES:
Engines	$	1,219,627		$	1,189,674		$	1,309,942
Products	736,312			805,450			952,110
Eliminations	(96,879		)	(132,626		)	(195,519		)
	$	1,859,060		$	1,862,498		$	2,066,533
GROSS PROFIT:
Engines	$	257,441		$	236,486		$	250,323
Products	87,682			87,392			86,193
Eliminations	1,660			5,262			209
	$	346,783		$	329,140		$	336,725
INCOME (LOSS) FROM OPERATIONS:
Engines	$	72,213		$	59,093		$	66,559
Products	(27,615		)	(104,918		)	(25,531		)
Eliminations	1,660			5,262			209
	$	46,258		$	(40,563	)	$	41,237
ASSETS:
Engines	$	1,048,416		$	1,013,204		$	1,120,065
Products	503,609			545,081			629,325
Eliminations	(102,319		)	(110,734		)	(141,159		)
	$	1,449,706		$	1,447,551		$	1,608,231
CAPITAL EXPENDITURES:
Engines	$	56,230		$	36,002		$	42,697
Products	4,141			8,876			6,876
	$	60,371		$	44,878		$	49,573
DEPRECIATION & AMORTIZATION:
Engines	$	39,456		$	42,349		$	45,647
Products	10,887			13,403			18,067
	$	50,343		$	55,752		$	63,714

Pre-tax restructuring charges impact on gross profit is as follows (in thousands):

	2014		2013		2012
PRE-TAX RESTRUCTURING CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	3,099	$	9,008	$	14,257
Products	2,742		9,753		30,503
Total	$	5,841	$	18,761	$	44,760

Pre-tax restructuring, goodwill and tradename impairment, and litigation settlement charges impact on income (loss) from operations is as follows (in thousands):

	2014		2013		2012
PRE-TAX RESTRUCTURING, GOODWILL & TRADENAME IMPAIRMENT AND LITIGATION SETTLEMENT CHARGES INCLUDED IN INCOME (LOSS) FROM OPERATIONS:
Engines	$	3,524	$	14,320	$	18,314
Products	11,475		99,833		31,553
Total	$	14,999	$	114,153	$	49,867

Information regarding the Company’s geographic sales based on product shipment destination (in thousands):

	2014		2013		2012
United States	$	1,293,558	$	1,304,964	$	1,440,955
All Other Countries	565,502		557,534		625,578
Total	$	1,859,060	$	1,862,498	$	2,066,533

Information regarding the Company’s net plant and equipment based on geographic location (in thousands):

	2014		2013		2012
United States	$	281,029	$	269,477	$	280,954
All Other Countries	15,978		17,718		20,295
Total	$	297,007	$	287,195	$	301,249

Sales to the following customers in the Company’s Engines segment amount to greater than or equal to 10% of consolidated net sales, respectively (in thousands):

	2014				2013				2012
Customer:	Net Sales		%		Net Sales		%		Net Sales		%
HOP	$	293,225	16	%	$	251,098	13	%	$	265,752	13	%
MTD	235,141		13	%	241,033		13	%	230,882		11	%
	$	528,366	29	%	$	492,131	26	%	$	496,634	24	%

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Stock Incentives (Narrative Incentive Compensation Programs) (Details)	Jun. 29, 2014 Incentive Compensation Plan [Member]	Oct. 21, 2009 Incentive Compensation Plan [Member]	Oct. 20, 2004 Incentive Compensation Plan [Member]	Oct. 20, 2004 Incentive Compensation Plan [Member] 2-For-1 Stock Split [Member]	Oct. 20, 2004 Stock Incentive Plan [Member]	Oct. 19, 2004 Stock Incentive Plan [Member]
Common stock reserved for future issuance		2,481,494	4,000,000	8,000,000	0	5,361,935
Stock split				2
Outstanding option and restricted stock awards granted under the Stock Incentive Plan that are or may become exercisable in the future	508,260

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Derivative Instruments & Hedging Activities Outstanding Derivative Contracts (Details) In Thousands, unless otherwise specified	Jun. 29, 2014 Interest Rate Contracts [Member] USD ($)	Jun. 30, 2013 Interest Rate Contracts [Member] USD ($)	Jun. 29, 2014 Australian Dollar, Sell [Member] AUD	Jun. 30, 2013 Australian Dollar, Sell [Member] AUD	Jun. 29, 2014 Canadian Dollar, Sell [Member] CAD	Jun. 30, 2013 Canadian Dollar, Sell [Member] CAD	Jun. 29, 2014 Euro, Sell [Member] EUR (€)	Jun. 30, 2013 Euro, Sell [Member] EUR (€)	Jun. 29, 2014 Japanese Yen, Buy [Member] JPY (¥)	Jun. 30, 2013 Japanese Yen, Buy [Member] JPY (¥)	Jun. 29, 2014 Mexican Peso, Sell [Member] MXN	Jun. 30, 2013 Mexican Peso, Sell [Member] MXN	Jun. 29, 2014 Aluminum [Member] t	Jun. 30, 2013 Aluminum [Member] t	Jun. 29, 2014 Natural Gas [Member] Btu	Jun. 30, 2013 Natural Gas [Member] Btu
Derivative [Line Items]
Derivative, Notional Amount	$ 95,000	$ 95,000	19,904	6,392	3,100	0	€ 49,300	€ 31,000	¥ 530,000	¥ 905,000	3,000	3,345
Derivative, Nonmonetary Notional Amount													0	18,000	5,686,000	5,423,000

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Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
NET SALES	$ 1,859,060	$ 1,862,498	$ 2,066,533
COST OF GOODS SOLD	1,506,436	1,514,597	1,685,048
RESTRUCTURING CHARGES	5,841	18,761	44,760
Gross Profit	346,783	329,140	336,725
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	291,367	276,188	290,381
RESTRUCTURING CHARGES	698	3,435	5,107
GOODWILL AND TRADENAME IMPAIRMENT	8,460	90,080	0
Income (Loss) from Operations	46,258	(40,563)	41,237
INTEREST EXPENSE	(18,466)	(18,519)	(18,542)
OTHER INCOME, Net	9,342	6,941	7,178
Income (Loss) Before Income Taxes	37,134	(52,141)	29,873
PROVISION (CREDIT) FOR INCOME TAXES	8,787	(18,484)	867
NET INCOME (LOSS)	$ 28,347	$ (33,657)	$ 29,006
EARNINGS (LOSS) PER SHARE DATA
Basic Earnings (Loss) Per Share	$ 0.59	$ (0.73)	$ 0.58
Diluted Earnings (Loss) Per Share	$ 0.59	$ (0.73)	$ 0.57
Weighted Average Shares Outstanding	46,366	47,172	48,965
Diluted Average Shares Outstanding	46,436	47,172	49,909

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New Accounting Pronouncements

12 Months Ended

Jun. 29, 2014

Prospective Adoption of New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements:

In May 2014, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, under either full or modified retrospective adoption. Early application is not permitted. Management is currently assessing the potential impact of this new accounting pronouncement on the Company's results of operations, financial position, and cash flow.

In February 2013, the FASB issued 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 are applied prospectively. The Company adopted ASU No. 2013-02 at the beginning of fiscal 2014, and the required new disclosures are presented in Note 4. 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 did 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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Summary of Significant Accounting Policies

12 Months Ended

Jun. 29, 2014

Summary of Significant Accounting Policies: [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies:

Fiscal Year: The Company’s fiscal year consists of 52 or 53 weeks, ending on the Sunday nearest the last day of June in each year. The 2014, 2013 and 2012 fiscal years were each 52 weeks long. All references to years relate to fiscal years rather than calendar years.

Principles of Consolidation: The consolidated financial statements include the accounts of the Company and its majority owned domestic and foreign subsidiaries after elimination of intercompany accounts and transactions. Investments in companies for which we have significant influence are accounted for by the equity method.

Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Cash and Cash Equivalents: This caption includes cash, commercial paper and certificates of deposit. The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Receivables: Receivables are recorded at their original carrying value less reserves for estimated uncollectible accounts.

Inventories: Inventories are stated at cost, which does not exceed market. The last-in, first-out (LIFO) method was used for determining the cost of approximately 51% of total inventories at June 29, 2014 and 48% at June 30, 2013. The cost for the remaining inventories was determined using the first-in, first-out (FIFO) method. If the FIFO inventory valuation method had been used exclusively, inventories would have been $64.5 million and $62.1 million higher in fiscal 2014 and 2013, respectively. The LIFO inventory adjustment was determined on an overall basis, and accordingly, each class of inventory reflects an allocation based on the FIFO amounts.

Goodwill and Other Intangible Assets: Goodwill reflects the cost of acquisitions in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. The reporting units are Engines and Products. Other Intangible Assets reflect identifiable intangible assets that arose from purchase acquisitions. Other Intangible Assets are comprised of tradenames, patents and customer relationships. Goodwill and tradenames, which are considered to have indefinite lives, are not amortized; however, both must be tested for impairment at least annually. Amortization is recorded on a straight-line basis for other intangible assets with finite lives. Patents have been assigned an estimated weighted average useful life of 13 years. The customer relationships have been assigned an estimated useful life of 14 to 25 years. The Company is subject to financial statement risk in the event that goodwill and intangible assets become impaired.

The Company performed the required impairment tests in fiscal 2014, 2013 and 2012. The Company recorded non-cash goodwill impairment charges and non-cash intangible asset impairment charges in fiscal 2014 and 2013. There were no goodwill impairment charges or intangible asset impairment charges recorded in fiscal 2012. Refer to Note 7 for a discussion of the non-cash goodwill impairment charges and the non-cash intangible asset impairment charges recorded in fiscal 2014 and 2013.

Investments: This caption represents the Company’s investments in unconsolidated affiliated companies. Combined financial information of the unconsolidated affiliated companies accounted for by the equity method, generally on a lag of 3 months or less, was as follows (in thousands):

Results of operations of unconsolidated affiliated companies for the fiscal year (in thousands):

	2014		2013		2012
Results of Operations:
Sales	$	143,007	$	113,452	$	129,063
Cost of Goods Sold	116,158		92,844		103,254
Gross Profit	$	26,849	$	20,608	$	25,809
Net Income	$	13,653	$	8,057	$	9,751

Balance sheets of unconsolidated affiliated companies as of fiscal year-end (in thousands):

	2014		2013
Financial Position:
Assets:
Current Assets	$	76,811	$	45,355
Noncurrent Assets	28,106		15,527
	104,917		60,882
Liabilities:
Current Liabilities	$	22,990	$	12,989
Noncurrent Liabilities	1,779		2,900
	24,769		15,889
Equity	$	80,148	$	44,993

Net sales to equity method investees were approximately $18.7 million, $1.0 million and $1.8 million in 2014, 2013 and 2012, respectively. Purchases of finished products from equity method investees were approximately $102.4 million, $107.0 million and $119.6 million in 2014, 2013 and 2012, respectively.

During the third quarter of fiscal 2014, the Company joined with one of its independent distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture. As a result of the transaction, the Company recorded an investment of $6.5 million. The Company uses the equity method to account for this investment. Subsequent to fiscal 2014, a second independent distributor joined the venture.

Debt Issuance Costs: Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized to interest expense over the terms of the related credit agreements. Approximately $1.0 million, $1.0 million and $1.2 million of debt issuance costs and original issue discounts were amortized to interest expense during fiscal years 2014, 2013 and 2012, respectively.

Plant and Equipment and Depreciation: Plant and equipment are stated at historical cost. For financial reporting purposes, plant and equipment are depreciated primarily by the straight line method over the estimated useful lives of the assets which generally range from 3 to 10 years for software, from 20 to 40 years for land improvements, from 20 to 50 years for buildings, and 3 to 20 years for machinery and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Expenditures for major renewals and betterments, which significantly extend the useful lives of existing plant and equipment, are capitalized and depreciated. Upon retirement or disposition of plant and equipment, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in cost of goods sold.

Depreciation expense was approximately $47.2 million, $52.3 million and $60.3 million during fiscal years 2014, 2013 and 2012, respectively.

Impairment of Property, Plant and Equipment: Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the sum of the expected undiscounted cash flows is less than the carrying value of the related asset or group of assets, a loss is recognized for the difference between the fair value and carrying value of the asset or group of assets. Refer to Note 18 for impairments associated with restructuring actions.

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):

	2014			2013
Balance, Beginning of Period	$	45,037		$	46,012
Payments	(28,377		)	(26,173		)
Provision for Current Year Warranties	29,087			26,438
Changes in Estimates	(1,003		)	(1,240		)
Balance, End of Period	$	44,744		$	45,037

Revenue Recognition: Net sales include sales of engines, products, and related service parts and accessories, net of allowances for cash discounts, customer volume rebates and discounts, floor plan interest and advertising allowances. The Company recognizes revenue when all of the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed or determinable, and collectibility is reasonably assured. This is generally upon shipment, except for certain international shipments, where revenue is recognized when the customer receives the product.

Included in net sales are costs associated with programs under which the Company shares the expense of financing certain dealer and distributor inventories, referred to as floor plan expense. This represents interest for a pre-established length of time based on a variable rate from a contract with a third party financing source for dealer and distributor inventory purchases. Sharing the cost of these financing arrangements is used by Briggs & Stratton as a marketing incentive for customers to buy inventory. The financing costs included in net sales in fiscal 2014, 2013 and 2012 were $5.5 million, $6.3 million and $5.5 million, respectively.

The Company also offers a variety of customer rebates and sales incentives. The Company records estimates for rebates and incentives at the time of sale, as a reduction in net sales.

Income Taxes: The provision for income taxes includes federal, state and foreign income taxes currently payable and those deferred because of temporary differences between the financial statement and tax bases of assets and liabilities. The deferred income tax asset represents temporary differences relating to current assets and current liabilities, and the long-term deferred income tax asset represents temporary differences related to noncurrent assets and liabilities. A valuation allowance is recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized.

Retirement Plans: The Company has noncontributory, defined benefit retirement plans and postretirement benefit plans covering certain employees. Retirement benefits represent a form of deferred compensation, which are subject to change due to changes in assumptions. Management reviews underlying assumptions on an annual basis. Refer to Note 17.

Research and Development Costs: Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred and recorded in engineering, selling, general and administrative expenses within the Consolidated Statements of Operations. The amounts charged against income were $19.7 million, $18.5 million and $19.8 million in fiscal 2014, 2013 and 2012, respectively.

Advertising Costs: Advertising costs, included in Engineering, Selling, General and Administrative Expenses in the accompanying Consolidated Statements of Operations, are expensed as incurred. These expenses totaled $18.5 million in fiscal 2014, $17.7 million in fiscal 2013 and $22.3 million in fiscal 2012.

Shipping and Handling Fees: Revenue received from shipping and handling fees is reflected in net sales and related shipping costs are recorded in cost of goods sold. Shipping fee revenue for fiscal 2014, 2013 and 2012 was $4.4 million, $4.9 million and $5.9 million, respectively.

Foreign Currency Translation: Foreign currency balance sheet accounts are translated into dollars at the rates of exchange in effect at fiscal year-end. Income and expenses incurred in a foreign currency are translated at the average rates of exchange in effect during the year. The related translation adjustments are made directly to a separate component of Shareholders’ Investment. During fiscal 2013, the Company recorded a charge of $4.2 million of foreign currency translation primarily recognized in connection with the substantial liquidation of the Company's investment in the Ostrava, Czech Republic entity, which was related to previously announced restructuring actions. Foreign currency transaction gains and losses are included in the results of operations in the period incurred. The Company recorded pre-tax foreign currency transaction losses of $3.9 million and $4.1 million during fiscal 2014 and 2013, respectively.

Earnings (Loss) Per Share: The Company computes earnings per share using the two-class method, an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company’s unvested grants of restricted stock and deferred stock awards contain non-forfeitable rights to dividends (whether paid or unpaid), which are required to be treated as participating securities and included in the computation of basic earnings per share.

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

	Fiscal Year Ended
	June 29, 2014			June 30, 2013			July 1, 2012
Net Income (Loss)	$	28,347		$	(33,657	)	$	29,006
Less: Earnings Allocated to Participating Securities	(768		)	(605		)	(508		)
Net Income (Loss) available to Common Shareholders	$	27,579		$	(34,262	)	$	28,498
Average Shares of Common Stock Outstanding	46,366			47,172			48,965
Incremental Common Shares Applicable to Common Stock Options and Performance Shares Based on the Common Stock Average Market Price During the Period	70			—			—
Incremental Common Shares Applicable to Deferred and Restricted Common Stock Based on the Common Stock Average Market Price During the Period	—			—			944
Diluted Average Shares of Common Stock Outstanding	46,436			47,172			49,909
Basic Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.58
Diluted Earnings (Loss) Per Share	$	0.59		$	(0.73	)	$	0.57

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares, and their inclusion in the computation would be antidilutive:

	Fiscal Year Ended
	June 29, 2014		June 30, 2013		July 1, 2012
Options to Purchase Shares of Common Stock (in thousands)	916		1,590		3,679
Weighted Average Exercise Price of Options Excluded	$	29.62	$	34.13	$	27.71

As a result of the Company incurring a net loss for the fiscal year ended June 30, 2013, potential incremental common shares of 1,126,000 were excluded from the calculation of diluted earnings (loss) because the effect would have been anti-dilutive.

Derivative Instruments & Hedging Activity: The Company enters into derivative contracts designated as cash flow hedges to manage certain interest rate, foreign currency and commodity exposures. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into derivative instruments for trading purposes where the sole objective is to generate profits.

The Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Derivative financial instruments are recorded on the Consolidated Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on derivatives designated as cash flow hedges are reported as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) and reclassified into earnings in the same 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.

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Stock Incentives

12 Months Ended

Jun. 29, 2014

Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]

Stock Incentives

Stock Incentives:

The Company previously adopted an Incentive Compensation Plan, effective October 20, 2004, under which 4,000,000 shares of common stock (8,000,000 shares as a result of the fiscal 2005 2-for-1 stock split) were reserved for future issuance. An amendment to the Incentive Compensation Plan approved by shareholders on October 21, 2009, added 2,481,494 shares to the shares available for grant under the plan. Prior to October 20, 2004, the Company had a Stock Incentive Plan under which 5,361,935 shares of common stock were reserved for issuance. The adoption of the Incentive Compensation Plan reduced the number of shares available for future issuance under the Stock Incentive Plan to zero. However, as of June 29, 2014, there were 508,260 outstanding option awards granted under the Stock Incentive Plan that are or may become exercisable in the future. In accordance with the plans, the Company can issue eligible employees stock options, stock appreciation rights, restricted stock, deferred stock, performance shares and cash bonus awards subject to certain annual limitations. The plans also allow the Company to issue directors non-qualified stock options and directors’ fees in stock. Stock based compensation vests in accordance with the Plan but can become immediately exercisable upon eligible recipients' departure from the Company or upon reaching retirement age, subject to approval of the Compensation Committee.

Stock based compensation expense is calculated by estimating the fair value of incentive stock awards granted and amortizing the estimated value over the awards’ vesting periods. During fiscal 2014, 2013 and 2012, the Company recognized stock based compensation expense of approximately $7.2 million, $6.5 million and $5.6 million, respectively.

On the grant date, the exercise price of each stock option issued exceeds the market value of the stock by 10%. The fair value of each option is estimated using the Black-Scholes option pricing model, and the assumptions are based on historical data and standard industry valuation practices and methodology. The assumptions used to determine fair value are as follows:

Options Granted During	2014			2013			2012
Grant Date Fair Value	$	5.19		$	4.83		$	3.96
(Since options are only granted once per year, the grant date fair value equals the weighted average grant date fair value.)
Assumptions:
Risk-free Interest Rate	1.6		%	0.7		%	1.0		%
Expected Volatility	41.3		%	43.9		%	43.2		%
Expected Dividend Yield	2.5		%	2.6		%	3.0		%
Expected Term (in Years)	5.0			5.0			5.0

Information on the options outstanding is as follows:

	Options		Wtd. Avg. Exercise Price		Wtd. Avg. Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Balance, July 3, 2011	4,721,190		$	26.38
Granted During the Year	465,350		16.20
Exercised During the Year	(15,870	)	14.83
Expired During the Year	(474,240	)	29.87
Balance, July 1, 2012	4,696,430		$	25.06
Granted During the Year	399,850		18.85
Exercised During the Year	(1,151,882	)	17.37
Expired During the Year	(573,130	)	30.81
Balance, June 30, 2013	3,371,268		$	25.97
Granted During the Year	407,860		20.82
Exercised During the Year	(273,394	)	19.76
Expired During the Year	(1,088,368	)	32.82
Balance, June 29, 2014	2,417,366		$	22.71	1.91	$	2,795
Exercisable, June 29, 2014	1,165,016		$	27.19	0.57	$	139

The total intrinsic value of options exercised during fiscal year 2014 was $0.6 million. The exercise of options resulted in cash receipts of $5.4 million in fiscal 2014. The total intrinsic value of options exercised during fiscal 2013 was $4.4 million. The exercise of options resulted in cash receipts of $20.0 million in fiscal 2013. The total intrinsic value of options exercised during fiscal 2012 was $0.1 million. The exercise of options resulted in cash receipts of $0.3 million in fiscal 2012.

Options Outstanding (as of June 29, 2014)
Fiscal Year	Grant Date	Date Exercisable	Expiration Date	Exercise Price		Options Outstanding
2005	8/13/2004	8/13/2007	8/13/2014	$	36.68	508,260
2010	8/18/2009	8/18/2012	8/31/2014	$	19.73	159,696
2011	8/17/2010	8/17/2013	8/31/2015	$	19.88	497,060
2012	8/16/2011	8/16/2014	8/31/2016	$	16.20	444,640
2013	8/14/2012	8/14/2015	8/31/2017	$	18.85	399,850
2014	8/20/2013	8/20/2016	8/31/2018	$	20.82	407,860

Below is a summary of the status of the Company’s nonvested shares as of June 29, 2014, and changes during the year then ended:

	Deferred Stock				Restricted Stock				Stock Options				Performance Shares
	Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value
Nonvested shares, June 30, 2013	567,943		$	17.05	820,597		$	17.12	1,391,550		$	3.97	249,170		$	18.59
Granted	64,553		19.48		146,320		19.28		407,860		5.19		128,371		19.09
Cancelled	—		—		(9,386	)	17.51		—		—		(13,040	)	18.60
Vested	(206,978	)	14.48		(109,771	)	13.51		(547,060	)	5.24		—		—
Nonvested shares, June 29, 2014	425,518		$	18.67	847,760		$	17.96	1,252,350		$	4.64	364,501		$	18.77

As of June 29, 2014, there was $7.9 million of total unrecognized compensation cost related to nonvested share-based compensation. That cost is expected to be recognized over a weighted average period of 1.8 years. The total fair value of shares vested during fiscal 2014 and 2013 was $4.1 million and $5.8 million, respectively.

Under the plans, the Company has issued restricted stock to certain employees. During fiscal years 2014, 2013 and 2012, the Company issued 146,320, 134,830 and 111,890 shares, respectively. The restricted stock vests on the fifth anniversary date of the grant provided the recipient is still employed by the Company. The aggregate market value on the date of issue was approximately $2.8 million, $2.5 million and $1.7 million in fiscal 2014, 2013 and 2012, respectively, and has been recorded within the Shareholders’ Investment section of the Consolidated Balance Sheets, and is being amortized over the five-year vesting period.

Under the plans, the Company may also issue deferred stock to its directors in lieu of directors fees. The Company issued 35,433, 38,888 and 44,127 shares in fiscal 2014, 2013 and 2012, respectively, under this provision of the plans.

Under the plans, the Company may also issue deferred stock to its officers and key employees. The Company issued 29,120, 43,499 and 38,250 shares in fiscal 2014, 2013 and 2012, respectively, under this provision. The aggregate market value on the date of grant was approximately $0.6 million, $0.8 million and $0.6 million, respectively. Expense is recognized ratably over the five-year vesting period.

Under the plans, the Company issued performance shares to its officers and key employees. The Company issued 128,371, 121,230, and 127,940 performance shares under this provision in fiscal 2014, 2013, and 2012, respectively. A maximum of two shares of Briggs & Stratton common stock per performance share may be awarded to recipients if certain performance targets are met at the end of the vesting period. The aggregate market value on the date of issue was approximately $2.5 million, $2.4 million, and $2.2 million using the Monte Carlo simulation methodology of valuation in fiscal 2014, 2013, and 2012, respectively. Expense is recognized ratably over the three-year vesting period. The Monte-Carlo valuation model simulates a range of possible future stock prices for the Company and the components of a peer group to estimate the probability that a vesting condition will be achieved. In determining valuation assumptions for the Monte Carlo model, we consider historic and observable market data. Assumptions used in the Monte Carlo valuation model include the following:

Performance Shares Granted During	2014		2013		2012
Assumptions:
Risk-free Interest Rate	0.7	%	0.4	%	0.3	%
Expected Volatility	32.1	%	35.5	%	46.0	%
Expected Dividend Yield (Dividends are Assumed Reinvested)	—	%	—	%	—	%
Expected Term (in Years)	2.86		2.87		2.87

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense:

	2014			2013			2012
Stock Options:
Pretax compensation expense	$	2,065		$	1,964		$	1,760
Tax benefit	(791		)	(766		)	(686		)
Stock option expense, net of tax	$	1,274		$	1,198		$	1,074
Restricted Stock:
Pretax compensation expense	$	2,563		$	2,375		$	2,102
Tax benefit	(982		)	(926		)	(820		)
Restricted stock expense, net of tax	$	1,581		$	1,449		$	1,282
Deferred Stock:
Pretax compensation expense	$	685		$	475		$	534
Tax benefit	(252		)	(185		)	(208		)
Deferred stock expense, net of tax	$	433		$	290		$	326
Performance Shares:
Pretax compensation expense	$	1,861		$	1,700		$	1,159
Tax benefit	(713		)	(664		)	(452		)
Performance Share expense, net of tax	$	1,148		$	1,036		$	707
Total Stock-Based Compensation:
Pretax compensation expense	$	7,174		$	6,514		$	5,555
Tax benefit	(2,738		)	(2,541		)	(2,166		)
Total stock-based compensation, net of tax	$	4,436		$	3,973		$	3,389

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Leases

12 Months Ended

Jun. 29, 2014

Leases [Abstract]

Leases

Leases:

The Company leases certain facilities, vehicles, and equipment under operating leases. Operating leases are not capitalized and lease payments are expensed over the life of the lease. Terms of the leases, including purchase options, renewals, and maintenance costs, vary by lease. Rental expense for fiscal 2014, 2013 and 2012 was $20.1 million, $22.8 million and $22.4 million, respectively.

Future minimum lease commitments for all non-cancelable operating leases as of June 29, 2014 are as follows (in thousands):

Fiscal Year	Operating
2015	$	13,934
2016	8,228
2017	6,406
2018	5,549
2019	4,086
Thereafter	30,752
Total future minimum lease commitments	$	68,955

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Stock Incentives (Schedule of Grant Summary) (Details) (USD $)					12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012	Jul. 03, 2011	Jun. 29, 2014 Stock Options [Member]	Jun. 30, 2013 Stock Options [Member]	Jul. 01, 2012 Stock Options [Member]	Jun. 27, 2010 Stock Options [Member]	Jun. 28, 2009 Stock Options [Member]	Jun. 27, 2004 Stock Options [Member]
Grant Date					8/20/2013	8/14/2012	8/16/2011	8/17/2010	8/18/2009	8/13/2004
Date Exercisable					8/20/2016	8/14/2015	8/16/2014	8/17/2013	8/18/2012	8/13/2007
Expiration Date					Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2015	Aug. 31, 2014	Aug. 13, 2014
Exercise Price	$ 22.71	$ 25.97	$ 25.06	$ 26.38	$ 20.82	$ 18.85	$ 16.20	$ 19.88	$ 19.73	$ 36.68
Options Outstanding	2,417,366	3,371,268	4,696,430	4,721,190	407,860	399,850	444,640	497,060	159,696	508,260

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Fair Value

12 Months Ended

Jun. 29, 2014

Fair Value Disclosures [Abstract]

Fair Value

Fair Value:

Assets and Liabilities Measured at Fair Value:

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 June 29, 2014 and June 30, 2013 (in thousands):

			Fair Value Measurement Using
	June 29, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	431	$	—	$	431	$	—
Liabilities:
Derivatives	$	1,932	$	—	$	1,932	$	—

			Fair Value Measurement Using
	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.

Fair Value of Financial Instruments:

The Company believes that the carrying values of cash and cash equivalents, trade receivables, accounts payable and foreign lines of credit are reasonable estimates of their fair values at June 29, 2014 and June 30, 2013 due to the short-term nature of these instruments. The estimated fair value of the 6.875% Senior Notes due December 2020 is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the valuation hierarchy.

The estimated fair market values of the Company’s Long-Term Debt is (in thousands):

	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-Term Debt
6.875% Senior Notes	$	225,000	$	251,438	$	225,000	$	250,875
Borrowings on Revolver	$	—	$	—	$	—	$	—

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Goodwill and Other Intangible Assets (Schedule of Other Intangible Assets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Amortized Intangible Assets, Gross Carrying Amount	$ 45,149	$ 45,149
Amortized Intangible Assets, Accumulated Amortization	(19,826)	(17,612)
Amortized Intangible Assets, Net	25,323	27,537
Indefinite-Lived Intangible Assets (Excluding Goodwill)	54,994	60,443
Total Intangible Assets, Gross Carrying Amount	100,143	105,592
Other Intangible Assets, Net	80,317	87,980
Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	55,016	60,516
Effect of Translation [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	(22)	(73)
Patents [Member]
Amortized Intangible Assets, Gross Carrying Amount	13,601	13,601
Amortized Intangible Assets, Accumulated Amortization	(11,167)	(10,680)
Amortized Intangible Assets, Net	2,434	2,921
Customer Relationships [Member]
Amortized Intangible Assets, Gross Carrying Amount	32,539	32,539
Amortized Intangible Assets, Accumulated Amortization	(8,610)	(6,971)
Amortized Intangible Assets, Net	23,929	25,568
Effect of Translation [Member]
Amortized Intangible Assets, Gross Carrying Amount	(991)	(991)
Amortized Intangible Assets, Accumulated Amortization	(49)	39
Amortized Intangible Assets, Net	$ (1,040)	$ (952)

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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Schedule of Consolidated Statement Of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012	Jul. 03, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in) Operating Activities	$ 127,079	$ 160,813	$ 65,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(60,371)	(44,878)	(49,573)
Cash Paid for Acquisition, Net of Cash Acquired	0	(59,627)	(2,673)
Proceeds Received on Disposition of Plant and Equipment	628	12,492	1,457
Cash Investment in Subsidiary	0	0	0
Net Cash Used in Investing Activities	(59,743)	(92,013)	(50,789)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(300)	(2,700)	0
Debt Issuance Costs	(949)	0	(2,007)	(5,000)
Cash Dividends Paid	(22,697)	(23,285)	(22,011)
Stock Option Exercise Proceeds and Tax Benefits	5,402	19,988	235
Treasury Stock Purchases	(43,047)	(30,359)	(39,287)
Net Cash Provided by (Used in) Financing Activities	(61,591)	(36,356)	(63,070)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	478	(74)	(5,666)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,223	32,370	(53,564)
Beginning of Year	188,445	156,075	209,639
End of Year	194,668	188,445	156,075	209,639
Briggs & Stratton Corporation [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in) Operating Activities	77,161	69,746	82,114
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(55,775)	(36,306)	(40,456)
Cash Paid for Acquisition, Net of Cash Acquired		0
Proceeds Received on Disposition of Plant and Equipment	170	70	141
Cash Investment in Subsidiary	13,307	(15,194)	2,141
Net Cash Used in Investing Activities	(42,298)	(51,430)	(38,174)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	2,726	44,860	(6,434)
Debt Issuance Costs	(949)		(2,007)
Cash Dividends Paid	(22,697)	(23,285)	(22,011)
Stock Option Exercise Proceeds and Tax Benefits	5,402	19,988	235
Treasury Stock Purchases	(43,047)	30,359
Net Cash Provided by (Used in) Financing Activities	(58,565)	11,204	(69,504)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(23,702)	29,520	(25,564)
Beginning of Year	162,628	133,108	158,672
End of Year	138,926	162,628	133,108
Guarantor Subsidiaries [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in) Operating Activities	6,816	40,812	2,879
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(2,718)	(6,120)	(6,588)
Cash Paid for Acquisition, Net of Cash Acquired		0
Proceeds Received on Disposition of Plant and Equipment	33	6,068	1,278
Cash Investment in Subsidiary	0	0	0
Net Cash Used in Investing Activities	(2,685)	(52)	(5,310)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(2,726)	(44,860)	6,434
Debt Issuance Costs	0		0
Cash Dividends Paid	0	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0	0
Treasury Stock Purchases	0	0
Net Cash Provided by (Used in) Financing Activities	(2,726)	(44,860)	6,434
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,405	(4,100)	4,003
Beginning of Year	1,275	5,375	1,372
End of Year	2,680	1,275	5,375
Non-Guarantor Subsidiaries [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in) Operating Activities	43,102	50,255	(19,032)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(1,878)	(2,452)	(2,529)
Cash Paid for Acquisition, Net of Cash Acquired		(59,627)
Proceeds Received on Disposition of Plant and Equipment	425	6,354	38
Cash Investment in Subsidiary	(13,307)	15,194	(2,141)
Net Cash Used in Investing Activities	(14,760)	(40,531)	(7,305)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	(300)	(2,700)	0
Debt Issuance Costs	0		0
Cash Dividends Paid	0	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0	0
Treasury Stock Purchases	0	0
Net Cash Provided by (Used in) Financing Activities	(300)	(2,700)	0
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	478	(74)	(5,666)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	28,520	6,950	(32,003)
Beginning of Year	24,542	17,592	49,595
End of Year	53,062	24,542	17,592
Eliminations [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Cash Provided by (Used in) Operating Activities	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	0	0	0
Cash Paid for Acquisition, Net of Cash Acquired		0
Proceeds Received on Disposition of Plant and Equipment	0	0	0
Cash Investment in Subsidiary	0	0	0
Net Cash Used in Investing Activities	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	0	0	0
Debt Issuance Costs	0		0
Cash Dividends Paid	0	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0	0
Treasury Stock Purchases	0	0
Net Cash Provided by (Used in) Financing Activities	0	0	0
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0	0
Beginning of Year	0	0	0
End of Year	$ 0	$ 0	$ 0

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Accumulated Other Comprehensive Income (Loss) (Notes)

12 Months Ended

Jun. 29, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss):

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

	Fiscal Year Ended June 29, 2014
	Cumulative Translation Adjustments		Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,885	$	(3,673	)	$	(233,140	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	1,168		(4,797		)	13,951			10,322
Income Tax Benefit (Expense)	—		1,823			(5,316		)	(3,493		)
Net Other Comprehensive Income (Loss) Before Reclassifications	1,168		(2,974		)	8,635			6,829
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—		2,133			—			2,133
Realized (Gains) Losses - Commodity Contracts (1)	—		5,630			—			5,630
Realized (Gains) Losses - Interest Rate Swaps (1)	—		1,209			—			1,209
Amortization of Prior Service Costs (Credits) (2)	—		—			(2,715		)	(2,715		)
Amortization of Actuarial Losses (2)	—		—			30,632			30,632
Total Reclassifications Before Tax	—		8,972			27,917			36,889
Income Tax Expense (Benefit)	—		(3,409		)	(10,638		)	(14,047		)
Net Reclassifications	—		5,563			17,279			22,842
Other Comprehensive Income (Loss)	1,168		2,589			25,914			29,671
Ending Balance	$	13,053	$	(1,084	)	$	(207,226	)	$	(195,257	)

(1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

(2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

	Fiscal Year Ended June 30, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	12,502		$	(7,654	)	$	(327,552	)	$	(322,704	)
Other Comprehensive Income (Loss) Before Reclassification	(617		)	(5,141		)	113,757			107,999
Income Tax Benefit (Expense)	—			2,005			(43,554		)	(41,549		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(617		)	(3,136		)	70,203			66,450
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			2,023			—			2,023
Realized (Gains) Losses - Commodity Contracts (1)	—			9,644			—			9,644
Realized (Gains) Losses - Interest Rate Swaps (1)	—			—			—			—
Transition Obligation (2)	—			—			7			7
Amortization of Prior Service Costs (Credits) (2)	—			—			(3,223		)	(3,223		)
Amortization of Actuarial Losses (2)	—			—			42,445			42,445
Total Reclassifications Before Tax	—			11,667			39,229			50,896
Income Tax Expense (Benefit)	—			(4,550		)	(15,020		)	(19,570		)
Net Reclassifications	—			7,117			24,209			31,326
Other Comprehensive Income (Loss)	(617		)	3,981			94,412			97,776
Ending Balance	$	11,885		$	(3,673	)	$	(233,140	)	$	(224,928	)

(1) Amounts reclassified to net income are included in net sales or cost of goods sold. See Note 16 for information related to derivative financial instruments.

(2) Amounts reclassified to net income 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 17 for information related to pension and postretirement benefit plans.

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Acquisitions Acquisitions

12 Months Ended

Jun. 29, 2014

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 a 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. At June 30, 2013, 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.

On August 14, 2014, the Company announced that it signed a definitive agreement to acquire Allmand Bros., Inc. for approximately $62.0 million in cash, subject to customary due diligence and working capital adjustments. Founded in 1938 and based in Holdrege, Nebraska, Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters and solar LED arrow boards. This transaction is expected to close in the first quarter of fiscal 2015.

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Goodwill and Other Intangible Assets

12 Months Ended

Jun. 29, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets:

Goodwill reflects the cost of acquisitions in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. The reporting units are Engines and Products.

The changes in the carrying amount of goodwill for the fiscal years ended June 29, 2014 and June 30, 2013 are as follows (in thousands):

	Engines			Products			Total
Goodwill Balance at July 1, 2012	$	137,359		$	67,405		$	204,764
Impairment Loss	—			(71,310		)	(71,310		)
Acquisition	4,589			10,707			15,296
Effect of Translation	(1,011		)	(387		)	(1,398		)
Goodwill Balance at June 30, 2013	$	140,937		$	6,415		$	147,352
Impairment Loss	—			(2,960		)	(2,960		)
Acquisition	—			—			—
Effect of Translation	125			5			130
Goodwill Balance at June 29, 2014	$	141,062		$	3,460		$	144,522

At June 29, 2014, June 30, 2013 and July 1, 2012, accumulated goodwill impairment losses, as recorded in the Products segment, were $123.7 million, $120.8 million and $49.5 million respectively.

The Company evaluates goodwill for impairment at least annually as of the fiscal year-end or more frequently if events or circumstances indicate that the assets may be impaired. Goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is to compare the carrying values of each of the Company's reporting units to their estimated fair values as of the test dates. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not considered impaired. If the book value of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed, which compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount is in excess of the implied fair value, goodwill is considered to be impaired. The estimates of fair value of the reporting units are computed using an income approach. The income approach utilizes a multi-year forecast of estimated cash flows and a terminal value at the end of the cash flow period. The forecast period assumptions consist of internal projections that are based on the Company's budget and long-range strategic plan. The discount rate used at the test date is the weighted-average cost of capital which reflects the overall level of inherent risk of the reporting unit and the rate of return an outside investor would expect to earn. The fair value of goodwill is considered a non-recurring level 3 fair value measurement in accordance with ASC 820 Fair Value Measurement.

In fiscal 2013, the Company recorded a non-cash goodwill impairment charge of $71.3 million, which was determined by comparing the carrying value of the Products reporting unit goodwill with the implied fair value of goodwill for the reporting unit. Based on a combination of factors, predominantly driven by a slower than anticipated recovery of the North American lawn and garden market at that time and the operating results of the Products segment during the previous years leading up to the impairments which lacked the benefit of certain weather related events that would have been favorable to the business, the Company’s forecasted cash flow estimates used in the goodwill assessment as of June 30, 2013 were adversely impacted. As a result, the Company concluded that the carrying value amounts of the Products reporting unit exceeded its fair value as of June 30, 2013. The impairment charge was a non-cash expense that was recorded as a separate component of operating expenses. The impairment charge did not adversely affect the Company’s debt position, cash flow, liquidity or compliance with financial covenants under its revolving credit facility.

The Company’s other intangible assets as of June 29, 2014 and June 30, 2013 are as follows (in thousands):

	2014									2013
	Gross Carrying Amount			Accumulated Amortization			Net			Gross Carrying Amount			Accumulated Amortization			Net
Amortized Intangible Assets:
Patents	$	13,601		$	(11,167	)	$	2,434		$	13,601		$	(10,680	)	$	2,921
Customer Relationships	32,539			(8,610		)	23,929			32,539			(6,971		)	25,568
Effect of Translation	(991		)	(49		)	(1,040		)	(991		)	39			(952		)
Total Amortized Intangible Assets	45,149			(19,826		)	25,323			45,149			(17,612		)	27,537
Unamortized Intangible Assets:
Tradenames	55,016			—			55,016			60,516			—			60,516
Effect of Translation	(22		)	—			(22		)	(73		)	—			(73		)
Total Unamortized Intangible Assets	54,994			—			54,994			60,443			—			60,443
Total Intangible Assets	$	100,143		$	(19,826	)	$	80,317		$	105,592		$	(17,612	)	$	87,980

The Company also performs an impairment test of its indefinite-lived intangible assets as of the fiscal year-end or more frequently if events or circumstances indicate that the assets may be impaired. For purposes of the indefinite-lived intangible asset impairment analysis, the Company performs its assessment of fair value based on an income approach using the relief-from-royalty method. The Company determines the fair value of each tradename by applying a royalty rate to a projection of net sales discounted using a risk adjusted cost of capital. Sales growth rates are determined after considering current and future economic conditions, recent sales trends, discussions with customers, planned timing of new product launches and many other variables. Each royalty rate is based on profitability of the business to which it relates and observed market royalty rates. The fair value of indefinite-lived intangibles is considered a non-recurring level 3 fair value measurement in accordance with ASC 820 Fair Value Measurement.

In fiscal 2014 and fiscal 2013, the non-cash intangible asset impairment charge recorded was $5.5 million and $18.8 million, respectively. Based on a combination of factors, predominantly driven by a slower than anticipated recovery of the North American lawn and garden market at that time, the Company’s forecasted cash flow estimates used in the other intangible assets assessment as of June 29, 2014 and June 30, 2013 were adversely impacted. As a result, the Company concluded that the carrying value of a tradename within the Products reporting unit exceeded its fair value as of June 29, 2014 and June 30, 2013. The impairment charges did not adversely affect the Company’s debt position, cash flow, liquidity or compliance with financial covenants under its revolving credit facility. In fiscal 2012, the Company determined that no intangible asset impairment existed.

Amortization expense of other intangible assets amounted to approximately $2.2 million in 2014, $2.5 million in 2013, and $1.9 million in 2012.

The estimated amortization expense of other intangible assets for the next five years is (in thousands):

2015	$	2,178
2016	2,178
2017	2,178
2018	2,178
2019	2,178
	$	10,890

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Income Taxes (Schedule of Provisions for Income Tax Benefit) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Income Tax Disclosure [Abstract]
Federal	$ 9,725	$ 10,377	$ (8,711)
State	733	(1,870)	430
Foreign	3,725	923	5,222
Current Total	14,183	9,430	(3,059)
Deferred	(5,396)	(27,914)	3,926
Provision (credit) for income taxes	$ 8,787	$ (18,484)	$ 867

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Stock Incentives (Summary of Nonvested Shares) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Granted During the Year, Stock Options	407,860	399,850	465,350
Deferred Stock [Member]
Nonvested shares, Beginning balance, Shares	567,943
Other Than Options Granted, Shares	64,553
Other Than Options Cancelled, Shares	0
Other Than Options Vested, Shares	(206,978)
Nonvested shares, Ending balance, Shares	425,518
Nonvested shares, Beginning balance, Weighted Average Grant Date Fair Value	$ 17.05
Other Than Options Granted, Weighted Average Grant Date Fair Value	$ 19.48
Other Than Options Cancelled, Weighted Average Grant Date Fair Value	$ 0.00
Other Than Options Vested, Weighted Average Grant Date Fair Value	$ 14.48
Nonvested shares, Ending balance, Weighted Average Grant Date Fair Value	$ 18.67
Restricted Stock [Member]
Nonvested shares, Beginning balance, Shares	820,597
Other Than Options Granted, Shares	146,320	134,830	111,890
Other Than Options Cancelled, Shares	(9,386)
Other Than Options Vested, Shares	(109,771)
Nonvested shares, Ending balance, Shares	847,760	820,597
Nonvested shares, Beginning balance, Weighted Average Grant Date Fair Value	$ 17.12
Other Than Options Granted, Weighted Average Grant Date Fair Value	$ 19.28
Other Than Options Cancelled, Weighted Average Grant Date Fair Value	$ 17.51
Other Than Options Vested, Weighted Average Grant Date Fair Value	$ 13.51
Nonvested shares, Ending balance, Weighted Average Grant Date Fair Value	$ 17.96	$ 17.12
Stock Options [Member]
Nonvested shares, Beginning balance, Shares	1,391,550
Granted During the Year, Stock Options	407,860
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	0
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageGrantDateFairValue	$ 0.00
Stock Options Vested, Shares	(547,060)
Nonvested shares, Ending balance, Shares	1,252,350	1,391,550
Nonvested shares, Beginning balance, Weighted Average Grant Date Fair Value	$ 3.97
Options Granted, Weighted Average Grant Date Fair Value	$ 5.19	$ 4.83	$ 3.96
Options Vested, Weighted Average Grant Date Fair Value	$ 5.24
Nonvested shares, Ending balance, Weighted Average Grant Date Fair Value	$ 4.64	$ 3.97
Performance Shares [Member]
Nonvested shares, Beginning balance, Shares	249,170
Other Than Options Granted, Shares	128,371	121,230	127,940
Other Than Options Cancelled, Shares	(13,040)
Other Than Options Vested, Shares	0
Nonvested shares, Ending balance, Shares	364,501	249,170
Nonvested shares, Beginning balance, Weighted Average Grant Date Fair Value	$ 18.59
Other Than Options Granted, Weighted Average Grant Date Fair Value	$ 19.09
Other Than Options Cancelled, Weighted Average Grant Date Fair Value	$ 18.60
Other Than Options Vested, Weighted Average Grant Date Fair Value	$ 0.00
Nonvested shares, Ending balance, Weighted Average Grant Date Fair Value	$ 18.77	$ 18.59

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Income Taxes (Schedule of Deferred Income Taxes) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Components of Deferred Tax Assets and Liabilities [Abstract]
Inventory	$ 13,504	$ 13,697
Payroll Related Accruals	4,741	3,870
Warranty Reserves	10,247	9,897
Workers Compensation Accruals	2,547	2,685
Other Accrued Liabilities	12,191	14,618
Pension Cost	0	746
Net Operating Loss State Credit Carryforwards	585	4,608
Miscellaneous	5,143	(2,587)
Deferred Income Tax Asset (Liability)	48,958	47,534
Pension Cost	25,272	35,663
Accumulated Depreciation	(45,397)	(54,339)
Intangibles	(43,062)	(44,611)
Accrued Employee Benefits	44,827	45,016
Postretirement Health Care Obligation	22,530	27,787
Warranty	6,718	7,227
Valuation Allowance	(15,241)	(12,725)
Net Operating Loss State Credit Carryforwards	19,629	17,236
Miscellaneous	(98)	6,290
Deferred Income Tax Asset (Liability)	$ 15,178	$ 27,544

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Employee Benefit Costs (Schedule of Projected Benefit Payments) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014
Qualified [Member] | Pension Benefits [Member]
2015	$ 75,150
2016	75,183
2017	75,352
2018	75,333
2019	75,550
2020-2024	370,510
Non-Qualified [Member] | Pension Benefits [Member]
2015	3,152
2016	3,195
2017	3,234
2018	3,259
2019	3,410
2020-2024	17,749
Retiree Medical [Member] | Other Postretirement Benefits [Member]
2015	12,280
2016	11,408
2017	9,468
2018	8,811
2019	7,137
2020-2024	21,822
Retiree Life [Member] | Other Postretirement Benefits [Member]
2015	1,418
2016	1,443
2017	1,465
2018	1,484
2019	1,500
2020-2024	$ 7,601

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Income Taxes Income Taxes (Schedule of Income (Loss) before Income Tax, U.S. and Foreign) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Income Tax Disclosure [Abstract]
Income (Loss) before Income Taxes, U.S.	$ 30,291	$ (58,625)	$ 28,053
Income (Loss) before Income Taxes, Foreign	6,843	6,484	1,820
Income (Loss) Before Income Taxes	$ 37,134	$ (52,141)	$ 29,873

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Derivative Instruments & Hedging Activities Impact of Derivative Contracts on Consolidated Statement of Operations (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (254)	$ 962	$ (1,428)
Interest Rate Contracts [Member] | Net Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1,209)	0	0
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	0	0	0
Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(717)	102	1,553
Foreign Currency Contract Sell [Member] | Net Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1,024)	(55)	4,031
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	0	0	0
Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	182	(177)	11
Foreign Currency Contract Buy [Member] | Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1,109)	(1,968)	132
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	0	0	0
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	3,378	3,094	(5,547)
Commodity Contract [Member] | Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(5,630)	(9,644)	(7,292)
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	$ 0		$ 6

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Fair Value (Tables)

12 Months Ended

Jun. 29, 2014

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 June 29, 2014 and June 30, 2013 (in thousands):

			Fair Value Measurement Using
	June 29, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	431	$	—	$	431	$	—
Liabilities:
Derivatives	$	1,932	$	—	$	1,932	$	—

			Fair Value Measurement Using
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
Derivatives	$	2,009	$	—	$	2,009	$	—
Liabilities:
Derivatives	$	5,413	$	—	$	5,413	$	—

Fair Value, by Balance Sheet Grouping

The estimated fair market values of the Company’s Long-Term Debt is (in thousands):

	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-Term Debt
6.875% Senior Notes	$	225,000	$	251,438	$	225,000	$	250,875
Borrowings on Revolver	$	—	$	—	$	—	$	—

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Summary of Significant Accounting Policies (Changes In Accrued Warranty Costs) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013
Accounting Policies [Abstract]
Balance, Beginning of Period	$ 45,037	$ 46,012
Payments	(28,377)	(26,173)
Provision for Current Year Warranties	29,087	26,438
Changes in Estimates	(1,003)	(1,240)
Balance, End of Period	$ 44,744	$ 45,037

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Other Income, Net Other Income, Net

12 Months Ended

Jun. 29, 2014

Other Income and Expenses [Abstract]

Interest and Other Income [Text Block]

Other Income, Net:

The components of Other Income, Net are as follows (in thousands):

	2014		2013		2012
Interest Income	$	1,540	$	888	$	512
Equity in Earnings from Unconsolidated Affiliates	6,264		4,244		5,100
Other Items	1,538		1,809		1,566
Total	$	9,342	$	6,941	$	7,178

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Employee Benefit Costs

12 Months Ended

Jun. 29, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Costs

Employee Benefit Costs:

Retirement Plan and Other Postretirement Benefits

The Company has noncontributory, defined benefit retirement plans and other postretirement benefit plans covering certain employees. The Company uses a June 30 measurement date for all of its plans. The following provides a reconciliation of obligations, plan assets and funded status of the plans for the two years indicated (in thousands):

	Pension Benefits						Other Postretirement Benefits
Actuarial Assumptions:	2014			2013			2014			2013
Discounted Rate Used to Determine Present Value of Projected Benefit Obligation	4.40		%	5.00		%	3.95		%	4.40		%
Expected Rate of Future Compensation Level Increases	3.0-4.0%			3.0-4.0%			n/a			n/a
Expected Long-Term Rate of Return on Plan Assets	8.00		%	8.25		%	n/a			n/a
Change in Benefit Obligations:
Projected Benefit Obligation at Beginning of Year	$	1,115,855		$	1,236,747		$	111,506		$	136,854
Service Cost	7,645			13,222			333			358
Interest Cost	53,743			50,154			4,566			4,754
Plan Curtailments	—			(52,236		)	—			—
Plan Participant Contributions	—			—			1,513			1,347
Actuarial (Gain) Loss	71,288			(56,239		)	(5,447		)	(13,309		)
Benefits Paid	(75,384		)	(75,793		)	(16,014		)	(18,498		)
Projected Benefit Obligation at End of Year	$	1,173,147		$	1,115,855		$	96,457		$	111,506
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year	$	962,633		$	937,745		$	—		$	—
Actual Return on Plan Assets	153,306			68,296			—			—
Plan Participant Contributions	—			—			1,512			1,347
Employer Contributions	2,911			32,385			14,502			17,151
Benefits Paid	(75,384		)	(75,793		)	(16,014		)	(18,498		)
Fair Value of Plan Assets at End of Year	$	1,043,466		$	962,633		$	—		$	—
Funded Status:
Plan Assets (Less Than) in Excess of Projected Benefit Obligation	$	(129,681	)	$	(153,222	)	$	(96,457	)	$	(111,506	)
Amounts Recognized on the Balance Sheets:
Accrued Pension Cost	$	(126,529	)	$	(150,131	)	$	—		$	—
Accrued Wages and Salaries	(3,152		)	(3,091		)	—			—
Accrued Postretirement Health Care Obligation	—			—			(59,290		)	(72,695		)
Accrued Liabilities	—			—			(13,624		)	(16,113		)
Accrued Employee Benefits	—			—			(23,543		)	(22,698		)
Net Amount Recognized at End of Year	$	(129,681	)	$	(153,222	)	$	(96,457	)	$	(111,506	)
Amounts Recognized in Accumulated Other Comprehensive Income (Loss):
Transition Assets (Obligation)	$	—		$	—		$	—		$	—
Net Actuarial Loss	(190,756		)	(211,444		)	(21,962		)	(28,668		)
Prior Service Credit (Cost)	(550		)	(660		)	6,243			8,008
Net Amount Recognized at End of Year	$	(191,306	)	$	(212,104	)	$	(15,719	)	$	(20,660	)

The accumulated benefit obligation for all defined benefit pension plans was $1,173 million and $1,115 million at June 29, 2014 and June 30, 2013, respectively.

The following table summarizes the plans’ income and expense for the three years indicated (in thousands):

	Pension Benefits									Other Postretirement Benefits
	2014			2013			2012			2014			2013			2012
Components of Net Periodic (Income) Expense:
Service Cost-Benefits Earned During the Year	$	7,645		$	13,222		$	13,764		$	333		$	358		$	407
Interest Cost on Projected Benefit Obligation	53,743			50,154			56,762			4,565			4,754			6,468
Expected Return on Plan Assets	(74,152		)	(75,832		)	(76,445		)	—			—			—
Amortization of:
Transition Obligation	—			7			8			—			—			—
Prior Service Cost (Credit)	180			366			2,856			(2,895		)	(3,589		)	(3,800		)
Actuarial Loss	25,105			34,821			20,230			5,527			7,624			8,942
Net Curtailment Loss	—			1,914			375			—			—			359
Net Periodic Expense	$	12,521		$	24,652		$	17,550		$	7,530		$	9,147		$	12,376

Significant assumptions used in determining net periodic expense for the fiscal years indicated are as follows:

	Pension Benefits			Other Postretirement Benefits
	2014	2013	2012	2014	2013	2012
Discount Rate	5.00%	4.45%	5.35%	4.40%	3.75%	4.45%
Expected Return on Plan Assets	8.25%	8.50%	8.50%	n/a	n/a	n/a
Compensation Increase Rate	3.0-4.0%	3.0-4.0%	3.0-4.0%	n/a	n/a	n/a

The amounts in Accumulated Other Comprehensive Income (Loss) that are expected to be recognized as components of net periodic (income) expense during the next fiscal year are as follows (in thousands):

	Pension Plans		Other Postretirement Plans
Prior Service Cost (Credit)	$	180	$	(2,758	)
Net Actuarial Loss	13,190		4,255

The “Other Postretirement Benefit” plans are unfunded.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended 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. 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. A class has been certified, and discovery has been concluded. Briefing on the Company’s and the retirees’ summary judgment motions will occur soon. If the court denies the motions, a jury trial will be scheduled.

For measurement purposes an 7.8% annual rate of increase in the per capita cost of covered health care claims was assumed for the Company for the fiscal year 2014 decreasing gradually to 4.5% for the fiscal year 2028. The health care cost trend rate assumptions have a significant effect on the amounts reported. An increase of one percentage point, would increase the accumulated postretirement benefit by $1.9 million and would increase the service and interest cost by $0.1 million for fiscal 2014. A corresponding decrease of one percentage point, would decrease the accumulated postretirement benefit by $2.1 million and decrease the service and interest cost by $0.1 million for the fiscal year 2014.

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 within the pension plan effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in fiscal 2013 related to the defined benefit plan change.

As discussed in Note 18, the Company reduced its salaried headcount by approximately 10% in fiscal 2012. The termination of the employees associated with this restructuring action, and the related impact on unrecognized prior service costs, unrecognized losses and the projected benefit obligation resulted in a net curtailment loss of $0.7 million in fiscal 2012.

In fiscal 2012, as a result of the non-discrimination testing results of the qualified pension plan, approximately 90 employees were moved to the non-qualified pension plan. Benefits accrued prior to July 1, 2012 were unaffected; only benefits accruing for those affected employees after July 1, 2012 are being covered by the non-qualified plan.

Plan Assets

A Board of Directors appointed Investment Committee (“Committee”) manages the investment of the pension plan assets. The Committee has established and operates under an Investment Policy. It determines the asset allocation and target ranges based upon periodic asset/liability studies and capital market projections. The Committee retains external investment managers to invest the assets. The Investment Policy prohibits certain investment transactions, such as lettered stock, commodity contracts, margin transactions and short selling, unless the Committee gives prior approval. The Company’s pension plan’s current target and asset allocations at June 29, 2014 and June 30, 2013, by asset category are as follows:

		Plan Assets at Year-end
Asset Category	Target %	2014	2013
Domestic Equities	17%-25%	20%	22%
International Equities	5%-15%	10%	10%
Alternative & Absolute Return	10%-20%	16%	26%
Fixed Income	45%-55%	52%	39%
Cash Equivalents	1%	2%	3%
		100%	100%

The plan’s investment strategy is based on an expectation that, over time, equity securities will provide higher total returns than debt securities, but with greater risk. The plan primarily minimizes the risk of large losses through diversification of investments by asset class, by investing in different types of styles within the classes and by using a number of different managers. The Committee monitors the asset allocation and investment performance monthly, with a more comprehensive quarterly review with its consultant. During fiscal 2014, the Committee revised the target asset allocation to shift to more fixed income and less alternative investments as a percentage of total plan assets. This revision to the target asset allocation was made to better match future cash flows from plan assets with the future cash flows of the projected benefit obligation.

The plan’s expected return on assets is based on management’s and the Committee’s expectations of long-term average rates of return to be achieved by the plan’s investments. These expectations are based on the plan’s historical returns and expected returns for the asset classes in which the plan is invested.

The Company has adopted the fair value provisions for the plan assets of its pension plans. The Company categorizes plan assets within a three level fair value hierarchy, as described in Note 6.

Investments stated at fair value as determined by quoted market prices (Level 1) include:

Short-Term Investments: Short-Term Investments include cash and money market mutual funds that invest in short-term securities and are valued based on cost, which approximates fair value;

Equity Securities: U.S. Common Stocks and International Mutual Funds are valued at the last reported sales price on the last business day of the fiscal year.

Investments stated at estimated fair value using significant observable inputs (Level 2) include:

Fixed Income Securities: Fixed Income Securities include investments in domestic bond collective trusts that are not traded publicly, but the underlying assets held in these funds are traded on active markets and the prices are readily observable. The investment in the trusts is valued at the last quoted price on the last business day of the fiscal year. Fixed Income Securities also include corporate and government bonds that are valued using a bid evaluation process with data provided by independent pricing sources.

Investments stated at estimated fair value using significant unobservable inputs (Level 3) include:

Other Investments: Other Investments include investments in limited partnerships and are valued at estimated fair value, as determined with the assistance of each respective limited partnership, based on the net asset value of the investment as of the balance sheet date, which is subject to judgment.

The fair value of the major categories of the pension plans’ investments are presented below (in thousands):

		June 29, 2014
Category		Total		Level 1		Level 2		Level 3
Short-Term Investments:		$	21,534	$	21,534	$	—	$	—
Fixed Income Securities:		542,381		—		542,381		—
Equity Securities:
U.S. common stocks		204,578		204,578		—		—
International mutual funds		106,990		106,990		—		—
Other Investments:
Venture capital funds	(A)	82,776		—		—		82,776
Debt funds	(B)	19,907		—		—		19,907
Real estate funds	(C)	10,445		—		—		10,445
Private equity funds	(D)	54,855		—		—		54,855
Fair Value of Plan Assets at End of Year		$	1,043,466	$	333,102	$	542,381	$	167,983

		June 30, 2013
Category		Total		Level 1		Level 2		Level 3
Short-Term Investments:		$	26,714	$	26,714	$	—	$	—
Fixed Income Securities:		369,744		—		369,744		—
Equity Securities:
U.S. common stocks		211,767		211,767		—		—
International mutual funds		100,392		100,392		—		—
Other Investments:
Venture capital funds	(A)	153,645		—		—		153,645
Debt funds	(B)	27,299		—		—		27,299
Real estate funds	(C)	11,506		—		—		11,506
Private equity funds	(D)	61,566		—		—		61,566
Fair Value of Plan Assets at End of Year		$	962,633	$	338,873	$	369,744	$	254,016

(A) This category invests in a combination of public and private securities of companies in financial distress, spin-offs, or new projects focused on technology and manufacturing.

(B) This fund primarily invests in the debt of various entities including corporations and governments in emerging markets, mezzanine financing, or entities that are undergoing, are considered likely to undergo or have undergone a reorganization.

(C) This category invests primarily in real estate related investments, including real estate properties, securities of real estate companies and other companies with significant real estate assets as well as real estate related debt and equity securities.

(D) Primarily represents investments in all sizes of mostly privately held operating companies in the following core industry sectors: healthcare, energy, financial services, technology-media-telecommunications and industrial and consumer.

The following tables present the changes in Level 3 investments for the pension plan (in thousands).

Changes to Level 3 investments for the year ended June 29, 2014:

Category	June 30, 2013 Fair Value		Purchases, Sales, Issuances, and Settlements			Realized and Unrealized Gain (Loss)			June 29, 2014 Fair Value (a)
Venture capital funds	$	153,645	$	(98,738	)	$	27,869		$	82,776
Debt funds	27,299		(6,109		)	(1,283		)	19,907
Real estate funds	11,506		(1,179		)	118			10,445
Private equity funds	61,566		(8,821		)	2,110			54,855
	$	254,016	$	(114,847	)	$	28,814		$	167,983

Changes to Level 3 investments for the year ended June 30, 2013:

Category	June 30, 2012 Fair Value		Purchases, Sales, Issuances, and Settlements			Realized and Unrealized Gain (Loss)			June 30, 2013 Fair Value (a)
Venture capital funds	$	152,093	$	(16,360	)	$	17,912		$	153,645
Debt funds	36,211		(7,258		)	(1,654		)	27,299
Real estate funds	13,888		(3,272		)	890			11,506
Private equity funds	71,185		(10,094		)	475			61,566
Global balanced funds	23,178		(20,000		)	(3,178		)	—
	$	296,555	$	(56,984	)	$	14,445		$	254,016

(a) There were no transfers in or out of Level 3 during the years ended June 29, 2014 or June 30, 2013.

Contributions

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 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 in fiscal 2015. The Company may be required to make further contributions in future years depending on the actual return on plan assets and the funded status of the plan in future periods.

Estimated Future Benefit Payments

Projected benefit payments from the plans as of June 29, 2014 are estimated as follows (in thousands):

	Pension Benefits				Other Postretirement Benefits
Year Ending	Qualified		Non-Qualified		Retiree Medical		Retiree Life
2015	$	75,150	$	3,152	$	12,280	$	1,418
2016	75,183		3,195		11,408		1,443
2017	75,352		3,234		9,468		1,465
2018	75,333		3,259		8,811		1,484
2019	75,550		3,410		7,137		1,500
2020-2024	370,510		17,749		21,822		7,601

Defined Contribution Plans

Employees of the Company may participate in a defined contribution savings plan that allows participants to contribute a portion of their earnings in accordance with plan specifications. Prior to January 1, 2014, a maximum of 1.5% to 3.5% of each participant’s salary, depending upon the participant’s group, was matched by the Company. Additionally, certain employees may have received Company nonelective contributions equal to 2.0% of the employee’s salary.

Simultaneously with the aforementioned amendments to freeze the Company's defined benefit retirement plans for U.S., non-bargaining employees, effective January 1, 2014, amendments were also made to increase benefits under the defined contribution plans effective January 1, 2014. These amendments increased the Company's maximum matching contribution from 3.5% to 4.0% of pay and offer all domestic non-bargaining employees a Company non-elective contribution of 3.0% of the employee's pay.

The Company contributions totaled $10.8 million in 2014, $7.9 million in 2013 and $8.3 million in 2012.

Postemployment Benefits

The Company accrues the expected cost of postemployment benefits over the years that the employees render service. These benefits apply only to employees who become disabled while actively employed, or who terminate with at least thirty years of service and retire prior to age sixty-five. The items include disability payments, life insurance and medical benefits. These amounts were discounted using a 3.95% interest rate for fiscal 2014 and 4.40% interest rate for fiscal 2013. Amounts are included in Accrued Employee Benefits in the Consolidated Balance Sheets.

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Employee Benefit Costs (Schedule of Reconciliation of Obligations, Plan Assets and Funded Status) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Fair Value of Plan Assets at End of Year	$ 1,043,466	$ 962,633
Pension Benefits [Member]
Discounted Rate Used to Determine Present Value of Projected Benefit Obligation	4.40%	5.00%
Defined Benefit Plan Assumptions Used Calculating Projected Benefit Obligation Expected Long Term Return On Assets	8.00%	8.25%
Service Cost	7,645	13,222	13,764
Interest Cost	53,743	50,154	56,762
Plan Assets (Less Than) in Excess of Projected Benefit Obligation	(129,681)	(153,222)
Accrued Pension Cost	(126,529)	(150,131)
Accrued Wages and Salaries	(3,152)	(3,091)
Accrued Postretirement Health Care Obligation	0	0
Accrued Liabilities	0	0
Defined Benefit Plan Accrued Employee Benefits	0	0
Net Amount Recognized at End of Year	(129,681)	(153,222)
Transition Assets (Obligation)	0	0
Net Actuarial Loss	(190,756)	(211,444)
Prior Service Credit (Cost)	(550)	(660)
Net Amount Recognized at End of Year	(191,306)	(212,104)
Other Postretirement Benefits [Member]
Discounted Rate Used to Determine Present Value of Projected Benefit Obligation	3.95%	4.40%
Service Cost	333	358	407
Interest Cost	4,565	4,754	6,468
Plan Assets (Less Than) in Excess of Projected Benefit Obligation	(96,457)	(111,506)
Accrued Pension Cost	0	0
Accrued Wages and Salaries	0	0
Accrued Postretirement Health Care Obligation	(59,290)	(72,695)
Accrued Liabilities	(13,624)	(16,113)
Defined Benefit Plan Accrued Employee Benefits	(23,543)	(22,698)
Net Amount Recognized at End of Year	(96,457)	(111,506)
Transition Assets (Obligation)	0	0
Net Actuarial Loss	(21,962)	(28,668)
Prior Service Credit (Cost)	6,243	8,008
Net Amount Recognized at End of Year	(15,719)	(20,660)
Minimum [Member] | Pension Benefits [Member]
Expected Rate of Future Compensation Level Increases	3.00%	3.00%
Maximum [Member] | Pension Benefits [Member]
Expected Rate of Future Compensation Level Increases	4.00%	4.00%
Change In Benefit Obligations [Member] | Pension Benefits [Member]
Projected Benefit Obligation at Beginning of Year	1,115,855	1,236,747
Service Cost	7,645	13,222
Interest Cost	53,743	50,154
Plan Curtailments	0	(52,236)
Plan Participant Contributions	0	0
Actuarial (Gain) Loss	71,288	(56,239)
Benefits Paid	(75,384)	(75,793)
Projected Benefit Obligation at End of Year	1,173,147	1,115,855
Change In Benefit Obligations [Member] | Other Postretirement Benefits [Member]
Projected Benefit Obligation at Beginning of Year	111,506	136,854
Service Cost	333	358
Interest Cost	4,566	4,754
Plan Curtailments	0	0
Plan Participant Contributions	1,513	1,347
Actuarial (Gain) Loss	(5,447)	(13,309)
Benefits Paid	(16,014)	(18,498)
Projected Benefit Obligation at End of Year	96,457	111,506
Change In Plan Assets [Member] | Pension Benefits [Member]
Plan Participant Contributions	0	0
Benefits Paid	(75,384)	(75,793)
Fair Value of Plan Assets at Beginning of Year	962,633	937,745
Actual Return on Plan Assets	153,306	68,296
Employer Contributions	2,911	32,385
Fair Value of Plan Assets at End of Year	1,043,466	962,633
Change In Plan Assets [Member] | Other Postretirement Benefits [Member]
Plan Participant Contributions	1,512	1,347
Benefits Paid	(16,014)	(18,498)
Fair Value of Plan Assets at Beginning of Year	0	0
Actual Return on Plan Assets	0	0
Employer Contributions	14,502	17,151
Fair Value of Plan Assets at End of Year	$ 0	$ 0

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Summary of Significant Accounting Policies (Schedule Of Balance Sheets Of Unconsolidated Affiliated Companies) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Equity Method Investment, Summarized Financial Information, Assets
Current Assets	$ 76,811	$ 45,355
Noncurrent Assets	28,106	15,527
Total Assets	104,917	60,882
Equity Method Investment, Summarized Financial Information, Liabilities
Current Liabilities	22,990	12,989
Noncurrent Liabilities	1,779	2,900
Total Liabilities	24,769	15,889
Equity	$ 80,148	$ 44,993

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Restructuring Actions Restructuring Reserve Rollforward (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014		Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Provisions	$ 6,539		$ 22,196
Engines [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve at June 30, 2013	2,674
Provisions	3,524		12,443
Cash Expenditures	(3,972)
Other Adjustments	(2,226)	[1]
Restructuring Reserve at June 29, 2014	0		2,674
Engines [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve at June 30, 2013	99
Provisions	348
Cash Expenditures	(447)
Other Adjustments	0	[1]
Restructuring Reserve at June 29, 2014	0
Engines [Member] | Other Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve at June 30, 2013	2,575
Provisions	3,176
Cash Expenditures	(3,525)
Other Adjustments	(2,226)	[1]
Restructuring Reserve at June 29, 2014	0
Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve at June 30, 2013	139
Provisions	3,015		9,753
Cash Expenditures	(999)
Other Adjustments	(2,050)	[2]
Restructuring Reserve at June 29, 2014	105		139
Products [Member] | Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve at June 30, 2013	94
Provisions	256
Cash Expenditures	(350)
Other Adjustments	0	[2]
Restructuring Reserve at June 29, 2014	0
Products [Member] | Other Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve at June 30, 2013	45
Provisions	2,759
Cash Expenditures	(649)
Other Adjustments	(2,050)	[2]
Restructuring Reserve at June 29, 2014	105
Restructuring Accelerated Depreciation [Member] | Engines [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments	500
Restructuring Asset Impairments [Member] | Engines [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments	1,700
Restructuring Asset Impairments [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments	1,300
Other Restructuring Costs [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments	$ 700

[1] (1) Other adjustments includes $0.5 million of accelerated depreciation and $1.7 million of asset impairments.

[2] (2) Other adjustments includes $1.3 million of asset impairments and $0.7 million of other costs including transition costs and foreign currency translation.

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Stock Incentives (Tables)

12 Months Ended

Jun. 29, 2014

Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]

Schedule of Assumptions Used to Determine Fair Value

The assumptions used to determine fair value are as follows:

Options Granted During	2014			2013			2012
Grant Date Fair Value	$	5.19		$	4.83		$	3.96
(Since options are only granted once per year, the grant date fair value equals the weighted average grant date fair value.)
Assumptions:
Risk-free Interest Rate	1.6		%	0.7		%	1.0		%
Expected Volatility	41.3		%	43.9		%	43.2		%
Expected Dividend Yield	2.5		%	2.6		%	3.0		%
Expected Term (in Years)	5.0			5.0			5.0

Schedule of Options Outstanding

Information on the options outstanding is as follows:

	Options		Wtd. Avg. Exercise Price		Wtd. Avg. Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Balance, July 3, 2011	4,721,190		$	26.38
Granted During the Year	465,350		16.20
Exercised During the Year	(15,870	)	14.83
Expired During the Year	(474,240	)	29.87
Balance, July 1, 2012	4,696,430		$	25.06
Granted During the Year	399,850		18.85
Exercised During the Year	(1,151,882	)	17.37
Expired During the Year	(573,130	)	30.81
Balance, June 30, 2013	3,371,268		$	25.97
Granted During the Year	407,860		20.82
Exercised During the Year	(273,394	)	19.76
Expired During the Year	(1,088,368	)	32.82
Balance, June 29, 2014	2,417,366		$	22.71	1.91	$	2,795
Exercisable, June 29, 2014	1,165,016		$	27.19	0.57	$	139

Schedule of Options Grants Outstanding Summary

Options Outstanding (as of June 29, 2014)
Fiscal Year	Grant Date	Date Exercisable	Expiration Date	Exercise Price		Options Outstanding
2005	8/13/2004	8/13/2007	8/13/2014	$	36.68	508,260
2010	8/18/2009	8/18/2012	8/31/2014	$	19.73	159,696
2011	8/17/2010	8/17/2013	8/31/2015	$	19.88	497,060
2012	8/16/2011	8/16/2014	8/31/2016	$	16.20	444,640
2013	8/14/2012	8/14/2015	8/31/2017	$	18.85	399,850
2014	8/20/2013	8/20/2016	8/31/2018	$	20.82	407,860

Summary of Nonvested Shares

Below is a summary of the status of the Company’s nonvested shares as of June 29, 2014, and changes during the year then ended:

	Deferred Stock				Restricted Stock				Stock Options				Performance Shares
	Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value		Shares		Wtd. Avg. Grant Date Fair Value
Nonvested shares, June 30, 2013	567,943		$	17.05	820,597		$	17.12	1,391,550		$	3.97	249,170		$	18.59
Granted	64,553		19.48		146,320		19.28		407,860		5.19		128,371		19.09
Cancelled	—		—		(9,386	)	17.51		—		—		(13,040	)	18.60
Vested	(206,978	)	14.48		(109,771	)	13.51		(547,060	)	5.24		—		—
Nonvested shares, June 29, 2014	425,518		$	18.67	847,760		$	17.96	1,252,350		$	4.64	364,501		$	18.77

Performance Share Assumptions Used in Monte Carlo Simulation

Assumptions used in the Monte Carlo valuation model include the following:

Performance Shares Granted During	2014		2013		2012
Assumptions:
Risk-free Interest Rate	0.7	%	0.4	%	0.3	%
Expected Volatility	32.1	%	35.5	%	46.0	%
Expected Dividend Yield (Dividends are Assumed Reinvested)	—	%	—	%	—	%
Expected Term (in Years)	2.86		2.87		2.87

Schedule of Stock-Based Compensation Programs

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense:

	2014			2013			2012
Stock Options:
Pretax compensation expense	$	2,065		$	1,964		$	1,760
Tax benefit	(791		)	(766		)	(686		)
Stock option expense, net of tax	$	1,274		$	1,198		$	1,074
Restricted Stock:
Pretax compensation expense	$	2,563		$	2,375		$	2,102
Tax benefit	(982		)	(926		)	(820		)
Restricted stock expense, net of tax	$	1,581		$	1,449		$	1,282
Deferred Stock:
Pretax compensation expense	$	685		$	475		$	534
Tax benefit	(252		)	(185		)	(208		)
Deferred stock expense, net of tax	$	433		$	290		$	326
Performance Shares:
Pretax compensation expense	$	1,861		$	1,700		$	1,159
Tax benefit	(713		)	(664		)	(452		)
Performance Share expense, net of tax	$	1,148		$	1,036		$	707
Total Stock-Based Compensation:
Pretax compensation expense	$	7,174		$	6,514		$	5,555
Tax benefit	(2,738		)	(2,541		)	(2,166		)
Total stock-based compensation, net of tax	$	4,436		$	3,973		$	3,389

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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Schedule of Outstanding Amounts Related To Guaranteed Debt) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Dec. 15, 2010
Senior Notes [Member]
Senior Notes	$ 225,000	$ 225,000	$ 225,000
Long-Term Debt Maximum Guarantee	225,000
Multicurrency Credit Agreement [Member]
Multicurrency Credit Agreement	0	0
Long-Term Debt Maximum Guarantee	$ 500,000

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Consolidated Statements of Comprehensive Income (Loss) Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Net Income (Loss)	$ 28,347	$ (33,657)	$ 29,006
Other Comprehensive Income (Loss):
Cumulative Translation Adjustments	1,168	(617)	(13,487)
Unrealized Gain (Loss) on Derivatives Instruments, Net of Tax Provision (Benefit) of $1,605, $2,428, and ($3,301), respectively	2,589	3,981	(5,411)
Unrecognized Pension & Postretirement Obligation, Net of Tax Provision (Benefit) of $16,067, $57,591, and ($38,537), respectively	25,914	94,412	(60,308)
Other Comprehensive Income (Loss)	29,671	97,776	(79,206)
Total Comprehensive Income (Loss)	$ 58,018	$ 64,119	$ (50,200)

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Shareholder Rights Agreement (Details) (USD $)		36 Months Ended
	Aug. 06, 1996 1996 Shareholder Rights Agreement [Member]	Oct. 21, 2015 2012 Amended Shareholder Rights Agreement [Member]
Common stock exercise price per share for each right	$ 80.00
Common stock exercise price per one half share	$ 40.00
Percent of outstanding common shares required to exercise purchase rights	20.00%
Rights redemption price	$ 0.001
Extended term of rights, expiration date		Oct. 21, 2015

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Nature Of Operations

12 Months Ended

Jun. 29, 2014

Nature Of Operations Abstract

Nature of Operations

Nature of Operations:

Briggs & Stratton (the “Company”) is a U.S. based producer of air cooled gasoline engines and engine powered outdoor equipment. The Company’s Engines segment sells engines worldwide, primarily to original equipment manufacturers of lawn and garden equipment and other gasoline engine powered equipment. The Company’s Products segment designs, manufacturers and markets a wide range of outdoor power equipment and related accessories.

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Goodwill and Other Intangible Assets (Narrative) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Goodwill, Impaired, Accumulated Impairment Loss	$ 123,700,000	$ 120,800,000	$ 49,500,000
Goodwill, Impairment Loss	(2,960,000)	(71,310,000)
Impairment of Intangible Assets (Excluding Goodwill)	5,500,000	18,800,000
Amortization of Intangible Assets	2,200,000	2,500,000	1,900,000
Engines [Member]
Goodwill, Impairment Loss	0	0
Products [Member]
Goodwill, Impairment Loss	$ (2,960,000)	$ (71,310,000)

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Stock Incentives (Schedule of Assumptions Used to Determine Fair Value) (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Stock Option Exercise Price Above Market Price	10.00%
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant Date Fair Value	$ 5.19	$ 4.83	$ 3.96
Risk-free Interest Rate	1.60%	0.70%	1.00%
Expected Volatility	41.30%	43.90%	43.20%
Expected Dividend Yield	2.50%	2.60%	3.00%
Expected Term (In Years)	5 years	5 years	5 years

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Equity Share Repurchases (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Treasury Stock, Shares, Acquired	2,100,499	1,546,686
Treasury Stock Purchases	$ 43,047,000	$ 30,359,000	$ 39,287,000
Treasury Stock Acquired, Average Cost Per Share	$ 20.49	$ 19.63
Fiscal 2012 Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount	50,000,000
Fiscal 2013 Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount	50,000,000
Fiscal 2014 Share Repurchase Program [Member] [Domain]
Stock Repurchase Program, Authorized Amount	50,000,000
Fiscal 2015 Share Repurchase Program [Member] [Member]
Stock Repurchase Program, Authorized Amount	$ 50,000,000

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Segment and Geographic Information and Significant Customers Segment and Geographical Information and Significant Customers (Restructuring Charges Impact on Gross Profit by Segment) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Cost Of Goods Sold Restructuring Charges	$ 5,841	$ 18,761	$ 44,760
Engines [Member]
Cost Of Goods Sold Restructuring Charges	3,099	9,008	14,257
Products [Member]
Cost Of Goods Sold Restructuring Charges	$ 2,742	$ 9,753	$ 30,503

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Restructuring Actions

12 Months Ended

Jun. 29, 2014

Restructuring Actions [Abstract]

Restructuring Actions [Text Block]

Restructuring Actions:

In fiscal 2012, the Company announced plans to reduce manufacturing capacity through closure of its Newbern, Tennessee and Ostrava, Czech Republic plants, as well as the consolidation of its plants in Poplar Bluff, Missouri and Auburn, Alabama. During fiscal 2012, the Company ceased manufacturing operations at its Newbern, Tennessee and Ostrava, Czech Republic plants, and carried out the consolidation of the Poplar Bluff, Missouri plant. Production of horizontal shaft engines was concluded at the Auburn, Alabama plant during the second quarter of fiscal 2014. The Company also announced in fiscal 2012 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 exited the 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. 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 froze accruals for all non-bargaining employees effective January 1, 2014. The Company recorded a pre-tax curtailment charge of $1.9 million in 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.

Subsequent to fiscal 2014, the Company announced several new actions to be taken to execute the Company's strategy. Beginning in the 2016 lawn & garden season, the Company will narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products manufacturing facilities in order to further reduce costs. The Company will continue to focus on premium residential products to customers through its Snapper and Simplicity brands and commercial products through its Snapper Pro and Ferris brands. The Company will close its McDonough, Georgia location and consolidate production into existing facilities in Wisconsin and New York. Production of pressure washers, snow throwers and lawn tractors will move to its Wauwatosa, Wisconsin manufacturing facility, and production of zero-turn lawnmowers will be moved to its Munnsville, New York facility. Production is estimated to be completed in McDonough and transitioned to the other facilities during the first quarter of calendar 2015. These changes will affect approximately 475 employees during fiscal 2015. The Company's dealer product offerings under the Snapper Pro, Simplicity and Ferris brands as well as sales of Snapper and Murray branded lawn and garden products at Walmart are unaffected by these actions.

The Company reports restructuring charges associated with manufacturing and related initiatives as costs of goods sold within the Condensed Consolidated 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 Condensed Consolidated Statements of Operations.

The Company recorded pre-tax charges of $6.5 million ($5.2 million after tax or $0.03 per diluted share) and $22.2 million ($15.5 million after tax or $0.33 per diluted share) during fiscal 2014 and 2013, respectively, related to the restructuring actions. The Engines segment recorded $3.5 million and $12.4 million of pre-tax restructuring charges during fiscal 2014 and 2013, respectively. The Products segment recorded $3.0 million and $9.8 million of pre-tax restructuring charges during fiscal 2014 and 2013, respectively.

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 fiscal 2014 (in thousands):

Engines Segment	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	99		$	2,575		$	2,674
Provisions	348			3,176			3,524
Cash Expenditures	(447		)	(3,525		)	(3,972		)
Other Adjustments (1)	—			(2,226		)	(2,226		)
Reserve Balance at June 29, 2014	$	—		$	—		$	—

(1) Other adjustments includes $0.5 million of accelerated depreciation and $1.7 million of asset impairments.

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 fiscal 2014 (in thousands):

Products Segment	Termination Benefits			Other Costs			Total
Reserve Balance at June 30, 2013	$	94		$	45		$	139
Provisions	256			2,759			3,015
Cash Expenditures	(350		)	(649		)	(999		)
Other Adjustments (2)	—			(2,050		)	(2,050		)
Reserve Balance at June 29, 2014	$	—		$	105		$	105

(2) Other adjustments includes $1.3 million of asset impairments and $0.7 million of other costs including transition costs and foreign currency translation.

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Leases (Details) (USD $)	12 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jul. 01, 2012
Leases [Abstract]
Rental expense	$ 20,100,000	$ 22,800,000	$ 22,400,000
Operating leases future minimum lease commitments, 2015	13,934,000
Operating leases future minimum lease commitments, 2016	8,228,000
Operating leases future minimum lease commitments, 2017	6,406,000
Operating leases future minimum lease commitments, 2018	5,549,000
Operating leases future minimum lease commitments, 2019	4,086,000
Operating leases future minimum lease commitments, Thereafter	30,752,000
Total future minimum lease commitments	$ 68,955,000

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Leases (Tables)

12 Months Ended

Jun. 29, 2014

Leases [Abstract]

Schedule of Future Minimum Lease Commitments for Non-Cancelable Operating Leases [Table Text Block]

Future minimum lease commitments for all non-cancelable operating leases as of June 29, 2014 are as follows (in thousands):

Fiscal Year	Operating
2015	$	13,934
2016	8,228
2017	6,406
2018	5,549
2019	4,086
Thereafter	30,752
Total future minimum lease commitments	$	68,955

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Indebtedness

12 Months Ended

Jun. 29, 2014

Debt Disclosure [Abstract]

Indebtedness

Indebtedness:

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

	2014		2013
Multicurrency Credit Agreement	$	—	$	—
6.875% Senior Notes	225,000		225,000
Total Long-Term Debt	$	225,000	$	225,000

6.875% Senior Notes

On December 15, 2010, the Company issued $225 million of 6.875% Senior Notes due December 15, 2020 ("Senior Notes"). The net proceeds of the offering were primarily used to redeem the then outstanding principal of the 8.875% Senior Notes due March 15, 2011. In connection with the refinancing and the issuance of the Senior Notes, the Company incurred approximately $5.0 million in new debt issuance costs, which are being amortized over the life of the Senior Notes using the effective interest method. These amounts are included in interest expense in the Consolidated Statements of Operations.

Additionally, under the terms of the indentures and credit agreements governing the Senior Notes, Briggs & Stratton Power Products Group, LLC became a joint and several guarantor of amounts outstanding under the Senior Notes. Refer to Note 20 for subsidiary guarantor financial information.

Multicurrency Credit Agreement

On October 13, 2011, the Company entered into a $500 million multicurrency credit agreement (the “Revolver”). The Revolver had a term of five years and all outstanding borrowings on the Revolver were due and payable on October 13, 2016. 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 Revolver is $500 million. Availability under the Revolver is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the Revolver by up to $250 million if certain conditions are satisfied. In connection with the refinancing and the issuance of the Revolver in fiscal 2012, the Company incurred approximately $2.0 million  in new debt issuance costs, which are being amortized over the life of the Revolver using the straight-line method. In connection with the amendment to the Revolver in fiscal 2014, the Company incurred approximately $0.9 million in new debt issuance costs, which are being amortized over the life of the Revolver using the straight-line method. There were no borrowings under the Revolver as of June 29, 2014 and June 30, 2013.

Borrowings under the Revolver by the Company bear interest at a rate per annum equal to, at its option, either:

(1) a 1, 2, 3 or 6 month LIBOR rate plus a margin varying from 1.25% to 2.25%, depending on the Company’s average net leverage ratio; or

(2) the higher of (a) the federal funds rate plus 0.50%; (b) the bank's prime rate; or (c) the Eurocurrency rate for a one-month interest period plus 1.00%. In addition, the Company is subject to a 0.18% to 0.38% commitment fee and a 1.25% to 2.25% letter of credit fee, depending on the Company’s average net leverage ratio.

The Revolver contains covenants that the Company considers usual and customary for an agreement of this type, including a maximum average leverage ratio and minimum interest coverage ratio. Certain of the Company’s subsidiaries are required to be guarantors of the Company’s obligations under the Revolver.

The Revolver and the 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 average leverage ratio.

Foreign Lines of Credit

The lines of credit available to the Company in foreign countries are in connection with short-term borrowings and bank overdrafts used in the normal course of business. These amounts totaled $4.0 million at June 29, 2014, and expire at various times throughout fiscal 2015 and beyond and are renewable. None of these arrangements had material commitment fees or compensating balance requirements. Borrowings using these lines of credit were included in short-term debt. Outstanding balances are as follows (in thousands):

	2014			2013
Balance at Fiscal Year-End	$	—		$	300
Weighted Average Interest Rate at Fiscal Year-End	—		%	3.86		%

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Employee Benefit Costs (Schedule of Changes in Level 3 Investments for Pension Plan) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 29, 2014		Jun. 30, 2013
Fair Value of Plan Assets at End of Year	$ 1,043,466		$ 962,633
Venture Capital Funds [Member]
Fair Value of Plan Assets at End of Year	82,776	[1]	153,645	[1]
Debt Funds [Member]
Fair Value of Plan Assets at End of Year	19,907	[2]	27,299	[2]
Real Estate Funds [Member]
Fair Value of Plan Assets at End of Year	10,445	[3]	11,506	[3]
Private Equity Funds [Member]
Fair Value of Plan Assets at End of Year	54,855	[4]	61,566	[4]
Fair Value Measurements Using Level 3 [Member]
Fair Value of Plan Assets at Beginning of Year	254,016	[5]	296,555
Purchases, Sales, Issuances, and Settlements	(114,847)		(56,984)
Realized and Unrealized Gain (Loss)	28,814		14,445
Fair Value of Plan Assets at End of Year	167,983	[5]	254,016	[5]
Fair Value Measurements Using Level 3 [Member] | Venture Capital Funds [Member]
Fair Value of Plan Assets at Beginning of Year	153,645	[1],[5]	152,093
Purchases, Sales, Issuances, and Settlements	(98,738)		(16,360)
Realized and Unrealized Gain (Loss)	27,869		17,912
Fair Value of Plan Assets at End of Year	82,776	[1],[5]	153,645	[1],[5]
Fair Value Measurements Using Level 3 [Member] | Debt Funds [Member]
Fair Value of Plan Assets at Beginning of Year	27,299	[2],[5]	36,211
Purchases, Sales, Issuances, and Settlements	(6,109)		(7,258)
Realized and Unrealized Gain (Loss)	(1,283)		(1,654)
Fair Value of Plan Assets at End of Year	19,907	[2],[5]	27,299	[2],[5]
Fair Value Measurements Using Level 3 [Member] | Real Estate Funds [Member]
Fair Value of Plan Assets at Beginning of Year	11,506	[3],[5]	13,888
Purchases, Sales, Issuances, and Settlements	(1,179)		(3,272)
Realized and Unrealized Gain (Loss)	118		890
Fair Value of Plan Assets at End of Year	10,445	[3],[5]	11,506	[3],[5]
Fair Value Measurements Using Level 3 [Member] | Private Equity Funds [Member]
Fair Value of Plan Assets at Beginning of Year	61,566	[4],[5]	71,185
Purchases, Sales, Issuances, and Settlements	(8,821)		(10,094)
Realized and Unrealized Gain (Loss)	2,110		475
Fair Value of Plan Assets at End of Year	54,855	[4],[5]	61,566	[4],[5]
Fair Value Measurements Using Level 3 [Member] | Global Balanced Funds [Member]
Fair Value of Plan Assets at Beginning of Year			23,178
Purchases, Sales, Issuances, and Settlements			(20,000)
Realized and Unrealized Gain (Loss)			(3,178)
Fair Value of Plan Assets at End of Year			$ 0	[5]

[1] This category invests in a combination of public and private securities of companies in financial distress, spin-offs, or new projects focused on technology and manufacturing.

[2] This fund primarily invests in the debt of various entities including corporations and governments in emerging markets, mezzanine financing, or entities that are undergoing, are considered likely to undergo or have undergone a reorganization.

[3] This category invests primarily in real estate related investments, including real estate properties, securities of real estate companies and other companies with significant real estate assets as well as real estate related debt and equity securities.

[4] Primarily represents investments in all sizes of mostly privately held operating companies in the following core industry sectors: healthcare, energy, financial services, technology-media-telecommunications and industrial and consumer.

[5] (a) There were no transfers in or out of Level 3 during the years ended June 29, 2014 or June 30, 2013.