10-Q/A Filing

JOHNSON OUTDOORS INC CIK: 788329 Q1 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001042167-13-000029`
Period End Date	20121231
Filing Date	20130206
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	jout-20121228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 32 Cash Flow Statement 58 Comprehensive Income 8

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$98.23M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$95.40M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$101.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$40.67M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$65.56M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6,105.00	shares	Point-in-time
Inventories	`InventoryNet`	$79.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	516.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35,680.00	shares	Point-in-time
Inventories	`InventoryNet`	$67.06M	USD	Point-in-time
Inventories	`InventoryNet`	$77.52M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$9.65M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.93M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.67M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.23M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $101,525, $98,235, and $95,397, respectively	`PropertyPlantAndEquipmentNet`	$36.67M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $101,525, $98,235, and $95,397, respectively	`PropertyPlantAndEquipmentNet`	$37.77M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $101,525, $98,235, and $95,397, respectively	`PropertyPlantAndEquipmentNet`	$34.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$19.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.81M	USD	Point-in-time
Goodwill	`Goodwill`	$27.32M	USD	Point-in-time
Goodwill	`Goodwill`	$14.65M	USD	Point-in-time
Goodwill	`Goodwill`	$14.47M	USD	Point-in-time
Goodwill	`Goodwill`	$14.47M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.31M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.45M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.43M	USD	Point-in-time
Total assets	`Assets`	$263.63M	USD	Point-in-time
Total assets	`Assets`	$270.73M	USD	Point-in-time
Total assets	`Assets`	$300.36M	USD	Point-in-time
Less short term notes payable and revolving credit lines	`ShortTermBankLoansAndNotesPayable`	$22.11M	USD	Point-in-time
Less short term notes payable and revolving credit lines	`ShortTermBankLoansAndNotesPayable`	$30.73M	USD	Point-in-time
Less current portion of long term debt	`LongTermDebtCurrent`	$526.00K	USD	Point-in-time
Less current portion of long term debt	`LongTermDebtCurrent`	$646.00K	USD	Point-in-time
Less current portion of long term debt	`LongTermDebtCurrent`	$535.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.75M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.37M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.40M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.04M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$5.26M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.75M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$5.16M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$915.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$582.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$13.05M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$13.18M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$11.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.68M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$8.20M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$8.33M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$11.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$694.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$694.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$218.00K	USD	Point-in-time
Retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$11.83M	USD	Point-in-time
Retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$11.67M	USD	Point-in-time
Retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.92M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.35M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.52M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$112.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$90.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$125.95M	USD	Point-in-time
Preferred stock: none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: none issued	`PreferredStockValue`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$62.23M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$64.18M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$64.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$79.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.82M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$16.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$15.94M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.13M	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 35,680, 516 and 6,105 shares, respectively	`TreasuryStockValue`	$9.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 35,680, 516 and 6,105 shares, respectively	`TreasuryStockValue`	$733.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 35,680, 516 and 6,105 shares, respectively	`TreasuryStockValue`	$98.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$158.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$173.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$174.42M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$263.63M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$270.73M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$300.36M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$80.18M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$87.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$49.08M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$53.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$31.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.81M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$20.39M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$19.22M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$9.45M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$10.84M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.82M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-3.72M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$1.53M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$21.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$21.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$439.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$596.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-498.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$610.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.10M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$363.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-158.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$247.00K	USD	1 Quarter
Participating securities	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	480,000.00	shares	1 Quarter
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	4,000.00	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.44M	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.81M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$247.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.29M	USD	1 Quarter
Depreciation	`Depreciation`	$2.42M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$50.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$176.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$61.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$60.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$355.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$375.00K	USD	1 Quarter
Amortization of deferred loss on interest rate swap	`AmortizationOfDeferredHedgeGains`	$213.00K	USD	1 Quarter
Amortization of deferred loss on interest rate swap	`AmortizationOfDeferredHedgeGains`	$138.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$90.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-126.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$20.87M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$18.87M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$7.81M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$11.38M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.58M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.35M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$17.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-234.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-488.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-569.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$146.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$373.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$4.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$287.00K	USD	1 Quarter
Cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.03M	USD	1 Quarter
Cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.73M	USD	1 Quarter
Payments for purchase of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.53M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquireProductiveAssets`	$1.97M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquireProductiveAssets`	$3.03M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfProductiveAssets`	$1.21M	USD	1 Quarter
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.56M	USD	1 Quarter
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-766.00K	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$22.11M	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$30.73M	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$3.07M	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$130.00K	USD	1 Quarter
Common stock transactions	`ProceedsFromIssuanceOfCommonStock`	$86.00K	USD	1 Quarter
Common stock transactions	`ProceedsFromIssuanceOfCommonStock`	$252.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$98.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$886.00K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.80M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.20M	USD	1 Quarter
Effect of foreign currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$558.00K	USD	1 Quarter
Effect of foreign currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.82M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.42M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.93M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.51M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.10M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.97M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.90M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$44.51M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$29.10M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$47.97M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$58.90M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$247.00K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.11M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$872.00K	USD	1 Quarter
Income from cash flow hedge	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$138.00K	USD	1 Quarter
Income from cash flow hedge	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$213.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.26M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-5.84M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.