10-Q Filing

JOHNSON OUTDOORS INC CIK: 788329 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001042167-14-000024`
Period End Date	20131231
Filing Date	20140131
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	jout-20131227.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 103 Income Statement 34 Cash Flow Statement 58 Comprehensive Income 10

Balance Sheet 103 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$101.53M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$103.31M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$105.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.69M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.98M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.81M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	34,766.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14,511.00	shares	Point-in-time
Inventories	`InventoryNet`	$87.65M	USD	Point-in-time
Inventories	`InventoryNet`	$77.36M	USD	Point-in-time
Inventories	`InventoryNet`	$76.36M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35,680.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.87M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$205.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$211.19M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $105,031, $103,314, and $101,525, respectively	`PropertyPlantAndEquipmentNet`	$37.85M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $105,031, $103,314, and $101,525, respectively	`PropertyPlantAndEquipmentNet`	$44.44M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $105,031, $103,314, and $101,525, respectively	`PropertyPlantAndEquipmentNet`	$43.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$7.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$8.04M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.67M	USD	Point-in-time
Goodwill	`Goodwill`	$21.05M	USD	Point-in-time
Goodwill	`Goodwill`	$21.04M	USD	Point-in-time
Goodwill	`Goodwill`	$21.05M	USD	Point-in-time
Goodwill	`Goodwill`	$14.47M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.59M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.07M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.27M	USD	Point-in-time
Total assets	`Assets`	$304.23M	USD	Point-in-time
Total assets	`Assets`	$312.89M	USD	Point-in-time
Total assets	`Assets`	$288.35M	USD	Point-in-time
Short term notes payable and revolving credit lines	`ShortTermBankLoansAndNotesPayable`	$30.73M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$535.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$539.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$470.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.13M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.40M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.70M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.81M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.90M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$5.21M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.44M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$994.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.30M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$12.51M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$12.15M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$13.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$63.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.48M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$7.79M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$37.96M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$8.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.95M	USD	Point-in-time
Retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.25M	USD	Point-in-time
Retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$11.67M	USD	Point-in-time
Retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.35M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$12.06M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.52M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$129.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$90.68M	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`	$65.81M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$64.46M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$66.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.06M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.59M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.37M	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: 14,511, 34,766, and 35,680 shares, respectively	`TreasuryStockValue`	$356.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 14,511, 34,766, and 35,680 shares, respectively	`TreasuryStockValue`	$733.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 14,511, 34,766, and 35,680 shares, respectively	`TreasuryStockValue`	$715.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$174.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$194.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$197.67M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$312.89M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$304.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$288.35M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$79.10M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$87.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$49.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$53.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.81M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$19.22M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$18.97M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$9.45M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$10.02M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.84M	USD	1 Quarter
Operating (loss) profit	`OperatingIncomeLoss`	$1.53M	USD	1 Quarter
Operating (loss) profit	`OperatingIncomeLoss`	$-2.91M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$31.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$21.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$202.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$439.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-498.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$159.00K	USD	1 Quarter
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.92M	USD	1 Quarter
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$610.00K	USD	1 Quarter
Income tax(benefit) expense	`IncomeTaxExpenseBenefit`	$-727.00K	USD	1 Quarter
Income tax(benefit) expense	`IncomeTaxExpenseBenefit`	$363.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$247.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Participating securities	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	371,000.00	shares	1 Quarter
Dilutive stock options and restricted stock units	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	4,000.00	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.44M	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.95M	shares	1 Quarter
Net (loss) income per common share - Diluted	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Net (loss) income per common share - Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$247.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Depreciation	`Depreciation`	$2.27M	USD	1 Quarter
Depreciation	`Depreciation`	$2.29M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$116.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$50.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$29.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$60.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$395.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$355.00K	USD	1 Quarter
Amortization of deferred loss on interest rate swap	`AmortizationOfDeferredHedgeGains`	$138.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-776.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-126.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$19.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$20.87M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$11.27M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$7.81M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.68M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.58M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.48M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-234.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-569.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.07M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.17M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$146.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$77.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$4.00K	USD	1 Quarter
Cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.41M	USD	1 Quarter
Cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.73M	USD	1 Quarter
Payments for purchase of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.42M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.03M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.35M	USD	1 Quarter
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.45M	USD	1 Quarter
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.35M	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$30.73M	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$30.23M	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$136.00K	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$130.00K	USD	1 Quarter
Deferred financing costs paid to lenders	`PaymentsOfFinancingCosts`	$18.00K	USD	1 Quarter
Common stock transactions	`ProceedsFromIssuanceOfCommonStock`	$86.00K	USD	1 Quarter
Common stock transactions	`ProceedsFromIssuanceOfCommonStock`	$38.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$737.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$638.00K	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`	$28.74M	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`	$271.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.82M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.75M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.08M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.94M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.90M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$48.08M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$45.94M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$58.90M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$55.69M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$247.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$124.00K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$872.00K	USD	1 Quarter
Change in pension plans, net of tax of $63 and $0, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-104.00K	USD	1 Quarter
Amortization of unrealized loss on interest rate swap	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$138.00K	USD	1 Quarter
Total other comprehensive income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$228.00K	USD	1 Quarter
Total other comprehensive income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.01M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.26M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-1.97M	USD	1 Quarter

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