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2302302 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://www.briggsandstratton.com/role/SummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000014195 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2015-06-29 - 2016-07-03
Accounting Policies [Abstract]
 
Schedule of Results of Operations of Unconsolidated Affiliated Companies
esults of operations of unconsolidated affiliated companies for the fiscal year (in thousands):
 
 
2016
 
2015
 
2014
Results of Operations:
 
 
 
 
 
 
Sales
 
$
287,728

 
$
219,904

 
$
143,007

Cost of Goods Sold
 
222,426

 
173,603

 
116,158

Gross Profit
 
$
65,302

 
$
46,301

 
$
26,849

Net Income
 
$
20,258

 
$
14,957

 
$
13,653

  
Schedule of Balance Sheets of Unconsolidated Affiliated Companies
alance sheets of unconsolidated affiliated companies as of fiscal year-end (in thousands):
 
 
2016
 
2015
Financial Position:
 
 
 
 
Assets:
 
 
 
 
Current Assets
 
$
139,673

 
$
99,596

Noncurrent Assets
 
59,837

 
43,555

 
 
199,510

 
143,151

Liabilities:
 
 
 
 
Current Liabilities
 
$
43,442

 
$
36,630

Noncurrent Liabilities
 
29,178

 
9,859

 
 
72,620

 
46,489

Equity
 
$
126,890

 
$
96,662

  
Changes in Accrued Warranty Costs
The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):
 
 
2016
 
2015
Balance, Beginning of Period
 
$
48,007

 
$
44,744

Payments
 
(27,874
)
 
(27,366
)
Provision for Current Year Warranties
 
24,262

 
30,673

Changes in Estimates
 
(28
)
 
(44
)
Balance, End of Period
 
$
44,367

 
$
48,007

  
Information on Earnings (Loss) Per Share
Information on earnings per share is as follows (in thousands except per share data):
 
 
Fiscal Year Ended
 
 
July 3, 2016
 
June 28, 2015
 
June 29, 2014
Net Income
 
$
26,561

 
$
45,687

 
$
28,347

Less: Earnings Allocated to Participating Securities
 
(497
)
 
(1,154
)
 
(768
)
Net Income available to Common Shareholders
 
$
26,064

 
$
44,533

 
$
27,579

Average Shares of Common Stock Outstanding
 
43,019

 
44,392

 
46,366

Incremental Common Shares Applicable to Common Stock Options and Performance Shares Based on the Common Stock Average Market Price During the Period
 
181

 
50

 
70

Diluted Average Shares of Common Stock Outstanding
 
43,200

 
44,442

 
46,436

Basic Earnings Per Share
 
$
0.61

 
$
1.00

 
$
0.59

Diluted Earnings Per Share
 
$
0.60

 
$
1.00

 
$
0.59

  
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
 
 
July 3, 2016
 
June 28, 2015
 
June 29, 2014
Options to Purchase Shares of Common Stock (in thousands)
 
408

 
784

 
916

Weighted Average Exercise Price of Options Excluded
 
$
20.82

 
$
20.37

 
$
29.62