10-Q Filing

JOHNSON OUTDOORS INC CIK: 788329 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001140361-19-002373`
Period End Date	20181231
Filing Date	20190204
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	jout-20181228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 32 Cash Flow Statement 64 Comprehensive Income 16

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$133.96M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$135.50M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$131.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.08M	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$32.14M	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$28.71M	USD	Point-in-time
Short term investments	`ShortTermInvestments`	$5.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$71.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$40.87M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$55.56M	USD	Point-in-time
Inventories	`InventoryNet`	$116.28M	USD	Point-in-time
Inventories	`InventoryNet`	$90.86M	USD	Point-in-time
Inventories	`InventoryNet`	$88.86M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.48M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.37M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$285.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$244.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$282.06M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $133,958, $131,322 and $135,497, respectively	`PropertyPlantAndEquipmentNet`	$56.65M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $133,958, $131,322 and $135,497, respectively	`PropertyPlantAndEquipmentNet`	$55.93M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $133,958, $131,322 and $135,497, respectively	`PropertyPlantAndEquipmentNet`	$52.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$11.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$16.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$11.68M	USD	Point-in-time
Goodwill	`Goodwill`	$11.23M	USD	Point-in-time
Goodwill	`Goodwill`	$11.16M	USD	Point-in-time
Goodwill	`Goodwill`	$11.20M	USD	Point-in-time
Goodwill	`Goodwill`	$11.24M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.34M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.05M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$13.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.52M	USD	Point-in-time
Total assets	`Assets`	$391.11M	USD	Point-in-time
Total assets	`Assets`	$355.13M	USD	Point-in-time
Total assets	`Assets`	$395.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.82M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.32M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.52M	USD	Point-in-time
Salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$13.15M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$8.50M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$6.39M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$7.41M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrual`	$9.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.74M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.55M	USD	Point-in-time
Accrued discounts and returns	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Accrued discounts and returns	`AccruedLiabilitiesCurrent`	$7.51M	USD	Point-in-time
Accrued discounts and returns	`AccruedLiabilitiesCurrent`	$7.50M	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$13.38M	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$12.57M	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$11.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$92.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.67M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.91M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$1.95M	USD	Point-in-time
Retirement benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$18.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$20.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$111.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$113.19M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$73.14M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$75.03M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$73.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$204.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$202.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$166.15M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.86M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.49M	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 29,225, 67,655 and 69,982, respectively	`TreasuryStockValue`	$2.71M	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 29,225, 67,655 and 69,982, respectively	`TreasuryStockValue`	$2.65M	USD	Point-in-time
Treasury stock at cost, shares of Class A common stock: 29,225, 67,655 and 69,982, respectively	`TreasuryStockValue`	$1.76M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$241.95M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$279.57M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$279.20M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$355.13M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$395.94M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$391.11M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$104.44M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$116.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$67.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$60.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.81M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$24.69M	USD	1 Quarter
Marketing and selling	`SellingAndMarketingExpense`	$26.50M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$10.41M	USD	1 Quarter
Administrative management, finance and information systems	`GeneralAndAdministrativeExpense`	$8.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.77M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$5.98M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$7.04M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$202.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$540.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$37.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$72.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-2.15M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.16M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.33M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.32M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$810.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.00K	USD	1 Quarter
Participating securities (shares)	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	43,000.00	shares	1 Quarter
Participating securities (shares)	`IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights`	46,000.00	shares	1 Quarter
Weighted average common shares - Dilutive (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.01M	shares	1 Quarter
Weighted average common shares - Dilutive (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.96M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.00K	USD	1 Quarter
Depreciation	`Depreciation`	$3.09M	USD	1 Quarter
Depreciation	`Depreciation`	$2.94M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$259.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$248.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$38.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$7.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$534.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$537.00K	USD	1 Quarter
Loss (gain) on disposal of productive assets	`GainLossOnDispositionOfAssets1`	$98.00K	USD	1 Quarter
Loss (gain) on disposal of productive assets	`GainLossOnDispositionOfAssets1`	$-25.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.47M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$47.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$25.03M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$15.00M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$27.93M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$11.61M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.30M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.76M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$677.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.09M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$179.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-217.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-307.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$49.00K	USD	1 Quarter
CASH USED FOR OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-39.20M	USD	1 Quarter
CASH USED FOR OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-23.94M	USD	1 Quarter
Proceeds from sale of short-term investments	`PaymentsToAcquireShortTermInvestments`	$7.12M	USD	1 Quarter
Proceeds from sale of short-term investments	`PaymentsToAcquireShortTermInvestments`	$3.21M	USD	1 Quarter
Purchase of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$44.50M	USD	1 Quarter
Purchase of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$3.70M	USD	1 Quarter
Proceeds from sale of productive assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from sale of productive assets	`ProceedsFromSaleOfProductiveAssets`	$105.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.45M	USD	1 Quarter
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$34.95M	USD	1 Quarter
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-7.50M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$57.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.38M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$989.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$707.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$675.00K	USD	1 Quarter
CASH USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-2.09M	USD	1 Quarter
CASH USED FOR FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-1.72M	USD	1 Quarter
Effect of foreign currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.01M	USD	1 Quarter
Effect of foreign currency rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-87.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.20M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.80M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.81M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.88M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.01M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.08M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$63.81M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$121.88M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$73.01M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$72.08M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaidNet`	$247.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	$542.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$38.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$31.00K	USD	1 Quarter

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Pension plans, unrecognized gain, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-31.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.52M	USD	1 Quarter
Pension plans, unrecognized gain, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-22.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.00K	USD	1 Quarter
Change in pension plans, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$-11.00K	USD	1 Quarter
Change in pension plans, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$-13.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.70M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-276.00K	USD	1 Quarter
Unrecognized gain arising during period, net of tax of $22 and $31, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-70.00K	USD	1 Quarter
Unrecognized gain arising during period, net of tax of $22 and $31, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-98.00K	USD	1 Quarter
Amortization of unrecognized losses included in net periodic benefit cost, net of tax of $11 and $13, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-35.00K	USD	1 Quarter
Amortization of unrecognized losses included in net periodic benefit cost, net of tax of $11 and $13, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-41.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.59M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-137.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.93M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$98.00K	USD	1 Quarter

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