XML 28 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions
6 Months Ended
Dec. 30, 2012
Acquisitions [Abstract]  
Business Combination Disclosure [Text Block]
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 Campahnia Caetano Branco (“Branco”) of Sao Jose dos Pinhais, Brazil for a total cash consideration of $57.8 million net of cash acquired, subject to post-closing adjustments. 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, and light construction equipment, are sold through its independent network of over 1,200 dealers throughout Brazil. During the second quarter of fiscal 2013, the Company recorded a preliminary purchase price allocation based on initial estimates of fair value. The preliminary purchase price allocation resulted in the recognition of $13.5 million of goodwill, of which $4.1 million and $9.4 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 Statement 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 results of operations or financial position.