Restructuring Actions

12 Months Ended

Jul. 01, 2018

Restructuring Actions [Abstract]

Restructuring Actions [Text Block]

Restructuring 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.

There were no restructuring activities during fiscal 2018 or 2017. During fiscal 2016 the Company recorded pre-tax charges of $10.2 million ($6.7 million after tax or $0.15 per diluted share) related to restructuring actions. The Engines segment recorded $1.4 million of pre-tax restructuring charges during fiscal 2016. The Products segment recorded $8.8 million of pre-tax restructuring charges during fiscal 2016.