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	%