XML 40 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
9 Months Ended
Apr. 02, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Summarized segment data is as follows (in thousands):
 
 
Three Months Ended
 
Nine Months Ended
 
 
April 2,
2017
 
March 27,
2016
 
April 2,
2017
 
March 27,
2016
NET SALES:
 
 
 
 
 
 
 
 
Engines
 
$
391,063

 
$
415,680

 
$
806,298

 
$
827,770

Products
 
233,510

 
220,845

 
575,007

 
555,883

Inter-Segment Eliminations
 
(27,608
)
 
(32,775
)
 
(69,307
)
 
(77,066
)
Total*
 
$
596,965

 
$
603,750

 
$
1,311,998

 
$
1,306,587

* International sales included in net sales based on product shipment destination
 
$
171,565

 
$
160,227

 
$
440,179

 
$
404,493

GROSS PROFIT:
 
 
 
 
 
 
 
 
Engines
 
$
98,814

 
$
99,371

 
$
191,373

 
$
188,783

Products
 
34,946

 
27,527

 
91,075

 
81,414

Inter-Segment Eliminations
 
1,011

 
197

 
251

 
(1,694
)
Total
 
$
134,771

 
$
127,095

 
$
282,699

 
$
268,503

SEGMENT INCOME (LOSS):
 
 
 
 
 
 
 
 
Engines
 
$
50,946

 
$
52,166

 
$
57,216

 
$
52,195

Products
 
5,614

 
(7,246
)
 
9,177

 
(6,767
)
Inter-Segment Eliminations
 
1,011

 
197

 
251

 
(1,694
)
Total
 
$
57,571

 
$
45,117

 
$
66,644

 
$
43,734

 
 
 
 
 
 
 
 
 
Reconciliation from Segment Income (Loss) to Income Before Income Taxes:
 
 
 
 
 
 
 
 
Equity in Earnings of Unconsolidated Affiliates
 

 

 

 
3,187

Income from Operations
 
$
57,571

 
$
45,117

 
$
66,644

 
$
40,547

INTEREST EXPENSE
 
(5,521
)
 
(5,593
)
 
(15,159
)
 
(15,142
)
OTHER INCOME, Net
 
844

 
511

 
1,679

 
4,348

Income Before Income Taxes
 
52,894

 
40,035

 
53,164

 
29,753

PROVISION FOR INCOME TAXES
 
17,075

 
13,212

 
16,242

 
8,541

Net Income
 
$
35,819

 
$
26,823

 
$
36,922

 
$
21,212

Restructuring Charges Impact on Gross Profit by Segment
Pre-tax restructuring charges and acquisition-related charges included in gross profit were as follows (in thousands):
 
 
Three Months Ended
 
Nine Months Ended
 
 
April 2,
2017
 
March 27,
2016
 
April 2,
2017
 
March 27,
2016
Engines
 
$

 
$

 
$

 
$
464

Products
 

 
580

 

 
5,472

Total
 
$

 
$
580

 
$

 
$
5,936

Restructuring Charges Impact on Operating Income Loss by Segment
Pre-tax restructuring charges, acquisition-related charges, litigation charges, and goodwill impairment charges included in segment income (loss) were as follows (in thousands):
 
 
Three Months Ended
 
Nine Months Ended
 
 
April 2,
2017
 
March 27,
2016
 
April 2,
2017
 
March 27,
2016
Engines
 
$

 
$

 
$

 
$
4,179

Products
 

 
8,375

 

 
13,689

Total
 
$

 
$
8,375

 
$

 
$
17,868