10-Q Filing

JOHNSON OUTDOORS INC CIK: 788329 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001042167-15-000019`
Period End Date	20141231
Filing Date	20150206
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	jout-20150102.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 103 Income Statement 34 Cash Flow Statement 57 Comprehensive Income 12

Balance Sheet 103 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$109.92M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$105.03M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$108.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.55M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.45M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.98M	USD	Point-in-time
Inventories	`InventoryNet`	$87.65M	USD	Point-in-time
Inventories	`InventoryNet`	$66.34M	USD	Point-in-time
Inventories	`InventoryNet`	$82.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.36M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.69M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$211.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$216.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$197.55M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $109,915, $108,668 and $105,031, respectively	`PropertyPlantAndEquipmentNet`	$46.10M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $109,915, $108,668 and $105,031, respectively	`PropertyPlantAndEquipmentNet`	$45.13M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $109,915, $108,668 and $105,031, respectively	`PropertyPlantAndEquipmentNet`	$44.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$5.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$7.96M	USD	Point-in-time
Goodwill	`Goodwill`	$21.05M	USD	Point-in-time
Goodwill	`Goodwill`	$14.42M	USD	Point-in-time
Goodwill	`Goodwill`	$14.29M	USD	Point-in-time
Goodwill	`Goodwill`	$21.04M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.99M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.52M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.27M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.27M	USD	Point-in-time
Total assets	`Assets`	$305.92M	USD	Point-in-time
Total assets	`Assets`	$312.89M	USD	Point-in-time
Total assets	`Assets`	$288.63M	USD	Point-in-time
Short-term debt	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Short-term debt	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Short-term debt	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$354.00K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$470.00K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$360.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.90M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.81M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$10.89M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.78M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$5.21M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$3.54M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.44M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.08M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$833.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$994.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$343.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$12.29M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$12.51M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$12.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.38M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$7.43M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$32.08M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$37.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.11M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$7.80M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.63M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$6.25M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.57M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$90.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.86M	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`	$67.83M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$67.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.64M	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`	$12.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.31M	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 28,118, 11,203 and 14,511, respectively	`TreasuryStockValue`	$275.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 28,118, 11,203 and 14,511, respectively	`TreasuryStockValue`	$356.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 28,118, 11,203 and 14,511, respectively	`TreasuryStockValue`	$776.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$198.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$194.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$189.50M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$288.63M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$312.89M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$305.92M	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`	$70.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$43.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$49.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.33M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$18.50M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$18.97M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$11.91M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$10.02M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.84M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-7.33M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.91M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$31.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$22.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$202.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$187.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$572.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$159.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.92M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.92M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-727.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Participating securities	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	310,000.00	shares	1 Quarter
Participating securities	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	371,000.00	shares	1 Quarter
Dilutive stock options and restricted stock units	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	-	shares	1 Quarter
Dilutive stock options and restricted stock units	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	-	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.95M	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.99M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Depreciation	`Depreciation`	$2.27M	USD	1 Quarter
Depreciation	`Depreciation`	$2.60M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$214.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$116.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$29.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$31.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$464.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$395.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$679.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-776.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$13.30M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$19.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$11.27M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$16.93M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.68M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.52M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.48M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.19M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-7.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.07M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$52.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.17M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$77.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-96.00K	USD	1 Quarter
Cash provided for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-35.41M	USD	1 Quarter
Cash provided for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-32.15M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.35M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.75M	USD	1 Quarter
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.75M	USD	1 Quarter
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.35M	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$30.23M	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$24.74M	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$95.00K	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$136.00K	USD	1 Quarter
Deferred financing costs paid to lenders	`PaymentsOfFinancingCosts`	$18.00K	USD	1 Quarter
Common stock transactions	`ProceedsFromIssuanceOfCommonStock`	$38.00K	USD	1 Quarter
Common stock transactions	`ProceedsFromIssuanceOfCommonStock`	$-564.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$741.00K	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`	$501.00K	USD	1 Quarter
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.74M	USD	1 Quarter
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.84M	USD	1 Quarter
Effect of foreign currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.18M	USD	1 Quarter
Effect of foreign currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$271.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.75M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.24M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.94M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.69M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.55M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$45.94M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$55.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$57.55M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Change in pension plan, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$63.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Change in pension plan, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.55M	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$124.00K	USD	1 Quarter
Change in pension plans, net of tax of $0 and $63, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-104.00K	USD	1 Quarter
Change in pension plans, net of tax of $0 and $63, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-85.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$228.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.47M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.97M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.66M	USD	1 Quarter

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