10-Q Filing

JOHNSON OUTDOORS INC CIK: 788329 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001042167-16-000211`
Period End Date	20151231
Filing Date	20160205
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	jout-20160101.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 34 Cash Flow Statement 57 Comprehensive Income 12

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.17M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$109.92M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$116.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$66.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.80M	USD	Point-in-time
Inventories	`InventoryNet`	$93.90M	USD	Point-in-time
Inventories	`InventoryNet`	$79.92M	USD	Point-in-time
Inventories	`InventoryNet`	$82.43M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.32M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.84M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$198.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$207.93M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $119,171, $116,902 and $109,915, respectively	`PropertyPlantAndEquipmentNet`	$45.30M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $119,171, $116,902 and $109,915, respectively	`PropertyPlantAndEquipmentNet`	$45.13M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $119,171, $116,902 and $109,915, respectively	`PropertyPlantAndEquipmentNet`	$45.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$16.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$15.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$13.00M	USD	Point-in-time
Goodwill	`Goodwill`	$19.62M	USD	Point-in-time
Goodwill	`Goodwill`	$14.29M	USD	Point-in-time
Goodwill	`Goodwill`	$14.42M	USD	Point-in-time
Goodwill	`Goodwill`	$14.29M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.30M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$11.47M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$11.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.27M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.35M	USD	Point-in-time
Total assets	`Assets`	$299.20M	USD	Point-in-time
Total assets	`Assets`	$321.47M	USD	Point-in-time
Total assets	`Assets`	$305.92M	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`	$368.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$366.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$354.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.05M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.82M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$10.89M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$11.40M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.08M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.30M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$4.26M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$3.54M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.84M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$343.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.95M	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$16.04M	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$15.78M	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$12.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.55M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$31.23M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$32.08M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$7.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.18M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.12M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$9.98M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.32M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$101.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$126.39M	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`	$69.75M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$67.83M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$69.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$123.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.64M	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
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.64M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.96M	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 37,015, 33,241 and 28,118, respectively	`TreasuryStockValue`	$889.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 37,015, 33,241 and 28,118, respectively	`TreasuryStockValue`	$776.00K	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 37,015, 33,241 and 28,118, respectively	`TreasuryStockValue`	$973.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$195.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$189.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$197.97M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$299.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$321.47M	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`	$70.82M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$85.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$52.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$43.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.33M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$18.50M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$20.00M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$11.91M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$10.15M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.66M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-900.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-7.33M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$22.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$8.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$187.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$190.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$572.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$563.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-519.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.92M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.73M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-534.00K	USD	1 Quarter
Participating securities	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	310,000.00	shares	1 Quarter
Participating securities	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	187,000.00	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`	9.99M	shares	1 Quarter
Weighted average common shares - Dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.98M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-534.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.60M	USD	1 Quarter
Depreciation	`Depreciation`	$2.62M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$214.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$215.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$31.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$31.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$501.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$464.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$679.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-651.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$13.30M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$21.50M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$14.20M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$16.93M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$598.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.52M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.19M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$452.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-22.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-7.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$52.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-157.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-54.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-96.00K	USD	1 Quarter
Cash used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-33.56M	USD	1 Quarter
Cash used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-32.15M	USD	1 Quarter
Payments for purchase of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.25M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.55M	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`	$-7.80M	USD	1 Quarter
Net borrowings from short-term notes payable and revolving credit lines	`ProceedsFromRepaymentsOfShortTermDebt`	$23.91M	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`	$60.00K	USD	1 Quarter
Principal payments on senior notes and other long-term debt	`RepaymentsOfLongTermDebt`	$95.00K	USD	1 Quarter
Common stock transactions	`CommonStockTransactionsNetOfTax`	$97.00K	USD	1 Quarter
Common stock transactions	`CommonStockTransactionsNetOfTax`	$-564.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$790.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$741.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$476.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$501.00K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.84M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.68M	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`	$-1.13M	USD	1 Quarter
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.24M	USD	1 Quarter
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.80M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.16M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.55M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$69.16M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$57.55M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Change in pension plans, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Change in pension plans, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$59.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-534.00K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.55M	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.78M	USD	1 Quarter
Change in pension plans, net of tax of $59 and $0, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-85.00K	USD	1 Quarter
Change in pension plans, net of tax of $59 and $0, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-96.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.47M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.68M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.21M	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.