Johnson Outdoors (JOUT) 10-Q 7 May 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Apr. 02, 2021	Apr. 30, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 2, 2021
Document Transition Report	false
Entity File Number	0-16255
Entity Registrant Name	JOHNSON OUTDOORS INC.
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1536083
Entity Address, Address Line One	555 Main Street
Entity Address, City or Town	Racine
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53403
City Area Code	262
Local Phone Number	631-6600
Title of 12(b) Security	Class A Common Stock, $.05 par value per share
Trading Symbol	JOUT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Entity Central Index Key	0000788329
Current Fiscal Year End Date	--10-01
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		8,906,624
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		1,211,564

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Net sales	$ 206,156	$ 163,084	$ 371,823	$ 291,138
Cost of sales	112,902	87,952	203,539	162,394
Gross profit	93,254	75,132	168,284	128,744
Operating expenses:
Marketing and selling	36,068	33,706	68,601	63,011
Administrative management, finance and information systems	14,311	4,190	27,202	16,165
Research and development	6,839	5,442	12,888	10,973
Total operating expenses	57,218	43,338	108,691	90,149
Operating profit	36,036	31,794	59,593	38,595
Interest income	(80)	(484)	(162)	(1,139)
Interest expense	35	35	67	70
Other (income) expense, net	(1,229)	3,866	(3,633)	2,698
Profit before income taxes	37,310	28,377	63,321	36,966
Income tax expense	9,476	7,990	15,640	10,149
Net income	$ 27,834	$ 20,387	$ 47,681	$ 26,817
Weighted average common shares - Basic:
Participating securities (shares)	45	25	37	23
Weighted average common shares - Dilutive (shares)	10,120	10,060	10,101	10,047
Class A
Weighted average common shares - Basic:
Weighted average common shares - Basic (shares)	8,863	8,823	8,852	8,812
Net income per common share - Basic:
Net income per common share - Basic (USD per share)	$ 2.78	$ 2.05	$ 4.77	$ 2.70
Net income per common share - Diluted:
Net income per common share - Diluted (USD per share)	$ 2.74	$ 2.02	$ 4.70	$ 2.66
Class B
Weighted average common shares - Basic:
Weighted average common shares - Basic (shares)	1,212	1,212	1,212	1,212
Net income per common share - Basic:
Net income per common share - Basic (USD per share)	$ 2.53	$ 1.86	$ 4.33	$ 2.45
Net income per common share - Diluted:
Net income per common share - Diluted (USD per share)	$ 2.74	$ 2.02	$ 4.70	$ 2.66

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 27,834	$ 20,387	$ 47,681	$ 26,817
Other comprehensive (loss) income:
Foreign currency translation	(1,512)	(1,607)	930	(907)
Defined benefit pension plan:
Change in pension plans, net of tax of $33, $20, $67, and $41, respectively	101	62	202	123
Total other comprehensive (loss) income	(1,411)	(1,545)	1,132	(784)
Total comprehensive income	$ 26,423	$ 18,842	$ 48,813	$ 26,033

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Statement of Comprehensive Income [Abstract]
Pension plans, unrecognized gain, tax	$ 33	$ 20	$ 67	$ 41

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
Current assets:
Cash and cash equivalents	$ 186,921	$ 212,437	$ 131,256
Accounts receivable, net	130,139	67,292	106,629
Inventories	124,538	97,437	107,680
Other current assets	9,171	11,372	7,777
Total current assets	450,769	388,538	353,342
Property, plant and equipment, net of accumulated depreciation of $162,934, $156,541 and $149,083, respectively	65,749	63,037	60,866
Right of use assets	43,489	40,666	38,735
Deferred income taxes	11,334	10,679	11,513
Goodwill	11,231	11,184	11,135
Other intangible assets, net	8,753	9,052	10,860
Other assets	27,655	22,870	17,853
Total assets	618,980	546,026	504,304
Current liabilities:
Accounts payable	50,609	37,327	36,349
Current lease liability	5,715	6,587	5,820
Accrued liabilities:
Salaries, wages and benefits	18,221	23,275	12,223
Accrued warranty	12,791	10,849	11,889
Income taxes payable	11,277	6,681	13,381
Accrued discounts and returns	9,406	5,113	9,271
Accrued customer programs	5,741	4,426	5,953
Other	9,743	11,349	7,737
Total current liabilities	123,503	105,607	102,623
Non-current lease liability	38,670	34,931	33,609
Deferred income taxes	1,384	1,418	1,598
Retirement benefits	747	853	1,021
Deferred compensation liability	26,222	21,585	16,550
Other liabilities	4,718	3,532	1,801
Total liabilities	195,244	167,926	157,202
Common stock:
Capital in excess of par value	80,183	78,668	76,237
Retained earnings	339,911	296,431	271,808
Accumulated other comprehensive income	5,849	4,717	774
Treasury stock at cost, shares of Class A common stock: 41,977, 36,316 and 36,354, respectively	(2,715)	(2,220)	(2,221)
Total shareholders’ equity	423,736	378,100	347,102
Total liabilities and shareholders’ equity	618,980	546,026	504,304
Class A
Common stock:
Shares issued and outstanding	447	443	443
Class B
Common stock:
Shares issued and outstanding	$ 61	$ 61	$ 61

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
Accumulated depreciation	$ 162,934	$ 156,541	$ 149,083
Treasury stock (in shares)	41,977	36,316	36,354
Class A
Common stock, issued (in shares)	8,906,624	8,873,235	8,871,007
Common stock, shares outstanding (in shares)	8,906,624	8,873,235	8,871,007
Class B
Common stock, issued (in shares)	1,211,564	1,211,564	1,211,602
Common stock, shares outstanding (in shares)	1,211,564	1,211,564	1,211,602

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance, beginning of period (shares) at Sep. 27, 2019		10,045,771
Balance, beginning of period at Sep. 27, 2019		$ 504	$ 75,856	$ 248,377	$ 1,558	$ (1,761)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				6,430
Dividends declared				(1,693)
Award of non-vested shares ( in shares)		31,571
Stock-based compensation			667
Currency translation adjustment					700
Change in pension plans, net of tax					61
Purchase of treasury stock at cost (shares)		(7,129)
Purchase of treasury stock at cost						(460)
Balance, end of period (shares) at Dec. 27, 2019		10,070,213
Balance, end of period at Dec. 27, 2019		$ 504	76,523	253,114	2,319	(2,221)
Balance, beginning of period (shares) at Sep. 27, 2019		10,045,771
Balance, beginning of period at Sep. 27, 2019		$ 504	75,856	248,377	1,558	(1,761)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 26,817
Currency translation adjustment	(907)
Change in pension plans, net of tax	123
Balance, end of period (shares) at Mar. 27, 2020		10,082,609
Balance, end of period at Mar. 27, 2020	347,102	$ 504	76,237	271,808	774	(2,221)
Balance, beginning of period (shares) at Dec. 27, 2019		10,070,213
Balance, beginning of period at Dec. 27, 2019		$ 504	76,523	253,114	2,319	(2,221)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,387			20,387
Dividends declared				(1,693)
Award of non-vested shares ( in shares)		12,396
Stock-based compensation			(286)
Currency translation adjustment	(1,607)				(1,607)
Change in pension plans, net of tax	62				62
Balance, end of period (shares) at Mar. 27, 2020		10,082,609
Balance, end of period at Mar. 27, 2020	347,102	$ 504	76,237	271,808	774	(2,221)
Balance, beginning of period (shares) at Oct. 02, 2020		10,084,799
Balance, beginning of period at Oct. 02, 2020	378,100	$ 504	78,668	296,431	4,717	(2,220)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				19,847
Dividends declared				(2,094)
Award of non-vested shares ( in shares)		33,034
Stock-based compensation			711
Currency translation adjustment					2,442
Change in pension plans, net of tax					101
Purchase of treasury stock at cost (shares)		(5,661)
Purchase of treasury stock at cost						(495)
Balance, end of period (shares) at Jan. 01, 2021		10,112,172
Balance, end of period at Jan. 01, 2021		$ 504	79,379	314,184	7,260	(2,715)
Balance, beginning of period (shares) at Oct. 02, 2020		10,084,799
Balance, beginning of period at Oct. 02, 2020	378,100	$ 504	78,668	296,431	4,717	(2,220)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	47,681
Currency translation adjustment	930
Change in pension plans, net of tax	202
Balance, end of period (shares) at Apr. 02, 2021		10,118,188
Balance, end of period at Apr. 02, 2021	423,736	$ 508	80,183	339,911	5,849	(2,715)
Balance, beginning of period (shares) at Jan. 01, 2021		10,112,172
Balance, beginning of period at Jan. 01, 2021		$ 504	79,379	314,184	7,260	(2,715)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,834			27,834
Dividends declared				(2,107)
Award of non-vested shares ( in shares)		6,016
Award of non-vested shares		$ 4	(4)
Stock-based compensation			808
Currency translation adjustment	(1,512)				(1,512)
Change in pension plans, net of tax	101				101
Balance, end of period (shares) at Apr. 02, 2021		10,118,188
Balance, end of period at Apr. 02, 2021	$ 423,736	$ 508	$ 80,183	$ 339,911	$ 5,849	$ (2,715)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2021	Jan. 01, 2021	Mar. 27, 2020	Dec. 27, 2019
Statement of Stockholders' Equity [Abstract]
Change in pension plans, net of tax	$ 33	$ 34	$ 20	$ 21

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020
CASH USED FOR OPERATING ACTIVITIES
Net income	$ 47,681	$ 26,817
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation	6,467	6,286
Amortization of intangible assets	284	510
Amortization of deferred financing costs	13	13
Stock based compensation	1,519	381
Loss (gain) on disposal of productive assets	99	(10)
Deferred income taxes	(663)	(117)
Change in operating assets and liabilities:
Accounts receivable, net	(62,441)	(62,681)
Inventories, net	(26,918)	(13,771)
Accounts payable and accrued liabilities	17,926	9,700
Other current assets	2,240	3,529
Other non-current assets	(5,864)	0
Other long-term liabilities	8,383	(171)
Other, net	(681)	523
CASH USED FOR OPERATING ACTIVITIES	(11,955)	(28,991)
CASH USED FOR INVESTING ACTIVITIES
Proceeds from sale of productive assets	6	10
Capital expenditures	(9,828)	(7,772)
CASH USED FOR INVESTING ACTIVITIES	(9,822)	(7,762)
CASH USED FOR FINANCING ACTIVITIES
Dividends paid	(4,195)	(3,382)
Purchases of treasury stock	(495)	(460)
CASH USED FOR FINANCING ACTIVITIES	(4,690)	(3,842)
Effect of foreign currency rate changes on cash	951	(531)
Decrease in cash and cash equivalents	(25,516)	(41,126)
CASH AND CASH EQUIVALENTS
Beginning of period	212,437	172,382
End of period	186,921	131,256
Supplemental Disclosure:
Cash paid for taxes	9,669	4,371
Cash paid for interest	$ 86	$ 58

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Apr. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The condensed consolidated financial statements included herein are unaudited. In the opinion of management, these statements contain all adjustments (consisting of only normal recurring items) necessary to present fairly the financial position of Johnson Outdoors Inc. and subsidiaries (collectively, the “Company”) as of April 2, 2021 and March 27, 2020, and their results of operations for the three and six month periods then ended and cash flows for the six month periods then ended. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2020 which was filed with the Securities and Exchange Commission on December 11, 2020. Due to seasonal variations and other factors, some of which are described herein, including related to the coronavirus (COVID-19) outbreak and resulting pandemic, the results of operations for the three and six months ended April 2, 2021 are not necessarily indicative of the results to be expected for the Company’s full 2021 fiscal year. See "Coronavirus (COVID-19)" below and “Seasonality” and "Coronavirus (COVID-19)" in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere herein for additional information. The Company considers all short-term investments in interest-bearing accounts and all securities and other instruments with an original maturity of three months or less, to be equivalent to cash. Cash equivalents are stated at cost which approximates market value. All monetary amounts, other than share and per share amounts, are stated in thousands. Coronavirus (COVID-19) In March 2020, the World Health Organization recognized the current coronavirus (COVID-19) outbreak as a global pandemic. In response to the COVID-19 outbreak, the governments of many countries, states, cities and other geographic regions imposed varying degrees of restrictions on social and commercial activity, including imposing travel restrictions, issuing quarantine, shelter-in-place and stay at home orders and guidelines and related actions, mandating mask wearing, limiting business capacity and generally restricting freedom of movement, in order to promote social distancing and other similar programs all in an effort to slow the spread of the illness. While some government mandates eased in the latter half of fiscal 2020, these mandates continued to emphasize social distancing measures to the general public. As a result, in the latter part of fiscal 2020 we saw increased participation in fishing, camping and watercraft recreation and the related demand for our products in these business segments, largely driven by consumer desire to engage in socially distant and safe activities in the great outdoors. This trend in increased demand for our outdoor recreation products continued into the first half of fiscal 2021. Nonetheless, the COVID-19 pandemic continues to impact macroeconomic and societal developments in various key regions of the world. As a result, the Company cannot reasonably estimate the full impact of the COVID-19 pandemic on Company operations and profitability for the remainder of fiscal 2021 and beyond as the situation is dynamic and constantly changing. The Company will continue to monitor evolving economic and general business conditions stemming from the COVID-19 pandemic and the actual and potential impacts on our financial position, results of operations and cash flows.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	6 Months Ended
	Apr. 02, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLEAccounts receivable are stated net of allowances for doubtful accounts of $2,463, $2,697 and $1,279 as of April 2, 2021, October 2, 2020 and March 27, 2020, respectively. The increase in net accounts receivable to $130,139 as of April 2, 2021 from $67,292 as of October 2, 2020 is attributable to the seasonal nature of the Company’s business and the resulting increases in sales volumes between periods. The determination of the allowance for doubtful accounts is based on a combination of factors. In circumstances where specific collection concerns about a receivable exist (including as a result of the impact of COVID-19), a reserve is established to value the affected account receivable at an amount the Company believes will be collected. For all other customers, the Company recognizes allowances for doubtful accounts based on historical experience of bad debts as a percent of accounts receivable outstanding for each business segment. Uncollectible accounts are written off against the allowance for doubtful accounts after collection efforts have been exhausted. The Company typically does not require collateral on its accounts receivable.

EARNINGS PER SHARE (_EPS_)

EARNINGS PER SHARE (“EPS”)	6 Months Ended
	Apr. 02, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE (“EPS”)	EARNINGS PER SHARE (“EPS”) Net income or loss per share of Class A common stock and Class B common stock is computed using the two-class method. Grants of restricted stock which receive non-forfeitable dividends are classified as participating securities and are required to be included as part of the basic weighted average share calculation under the two-class method. Holders of Class A common stock are entitled to cash dividends equal to 110% of all dividends declared and paid on each share of Class B common stock. The Company grants shares of unvested restricted stock in the form of Class A shares, which carry the same distribution rights as the Class A common stock described above. As such, the undistributed earnings for each period are allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive. Basic EPS Basic net income or loss per share is computed by dividing net income or loss allocated to Class A common stock and Class B common stock by the weighted-average number of shares of Class A common stock and Class B common stock outstanding, respectively. In periods with cumulative year to date net income and undistributed income, the undistributed income for each period is allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive. In periods where there is a cumulative year to date net loss or no undistributed income because distributions through dividends exceed net income, Class B shares are treated as anti-dilutive and, therefore, net losses are allocated equally on a per share basis among all participating securities. For the three and six month periods ended April 2, 2021 and March 27, 2020, basic income per share for the Class A and Class B shares has been presented using the two class method and reflects the allocation of undistributed income described above. Diluted EPS Diluted net income per share is computed by dividing allocated net income by the weighted-average number of common shares outstanding, adjusted for the effect of dilutive stock options, restricted stock units (“stock units” or “units”) and non-vested restricted stock. Anti-dilutive stock options, units and non-vested stock are excluded from the calculation of diluted EPS. The computation of diluted net income per share of Class A common stock assumes that Class B common stock is converted into Class A common stock. Therefore, diluted net income per share is the same for both Class A and Class B common shares. In periods where the Company reports a net loss, the effect of anti-dilutive stock options and units is excluded and diluted loss per share is equal to basic loss per share for both classes of stock. For the three and six month periods ended April 2, 2021 and March 27, 2020, diluted net income per share reflects the effect of dilutive stock units and assumes the conversion of Class B common stock into Class A common stock. Non-vested stock that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 40,024 and 39,078 for the three months ended April 2, 2021 and March 27, 2020, respectively, and 40,336 and 39,695 for the six months ended April 2, 2021 and March 27, 2020, respectively. Stock units that could potentially dilute earnings per share in the future and which were not included in the fully diluted computation because they would have been anti-dilutive were 24,894 and 43,198 for the three month periods ended April 2, 2021 and March 27, 2020, respectively, and 32,917 and 44,546 for the six months ended April 2, 2021 and March 27, 2020, respectively. Dividends per share Dividends per share for the three and six month periods ended April 2, 2021 and March 27, 2020 were as follows: Three Months Ended Six months ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Dividends declared per common share: Class A $ 0.21 $ 0.17 $ 0.42 $ 0.34 Class B $ 0.19 $ 0.16 $ 0.38 $ 0.31

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS	6 Months Ended
	Apr. 02, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS	STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS The Company’s current stock ownership plans allow for issuance of stock options to acquire shares of Class A common stock by key executives and non-employee directors. Current plans also allow for issuance of shares of restricted stock, restricted stock units or stock appreciation rights in lieu of stock options. Under the Company’s 2012 Non-Employee Director Stock Ownership Plan and the 2020 Long-Term Incentive Plan (the only plans where shares currently remain available for future equity incentive awards) there were a total of 502,542 shares of the Company’s Class A common stock available for future grant to non-employee directors and key executives at April 2, 2021. Share awards previously made under the Company's 2010 Long-Term Stock Incentive Plan, which no longer allows for additional share grants, also remain outstanding. Non-vested Stock All shares of non-vested restricted stock awarded by the Company have been granted in the form of shares of Class A common stock at their fair market value on the date of grant and vest within one year from the date of grant for stock granted to directors and four years from the date of grant for stock granted to officers and employees. The fair value at date of grant is based on the number of shares granted and the average of the Company’s high and low Class A common stock price on the date of grant or, if the Company’s Class A shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock price on the last preceding date on which the Company’s Class A shares traded. A summary of non-vested stock activity for the six months ended April 2, 2021 related to the Company’s stock ownership plans is as follows: Shares Weighted Average Non-vested stock at October 2, 2020 40,492 $ 62.15 Non-vested stock grants 13,726 100.17 Restricted stock vested (17,234) 53.79 Non-vested stock at April 2, 2021 36,984 80.16 Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of shares by tendering a portion of the vested shares back to the Company. Shares tendered back to the Company were 2,341 and 4,054 during the six month periods ended April 2, 2021 and March 27, 2020, respectively. Stock compensation expense, net of forfeitures, related to non-vested stock was $297 and $252 for the three month periods ended April 2, 2021 and March 27, 2020, respectively, and $576 and $492 for the six months ended April 2, 2021 and March 27, 2020, respectively. Unrecognized compensation cost related to non-vested stock as of April 2, 2021 was $1,974, which amount will be amortized to expense through November 2024 or adjusted for changes in future estimated or actual forfeitures. The fair value of restricted stock vested during the six month periods ended April 2, 2021 and March 27, 2020 was $1,258 and $1,329, respectively. Restricted Stock Units All restricted stock units (RSUs) awarded by the Company have been granted in the form of units payable in shares of Class A common stock upon vesting. The units are valued at the fair market value of a share of Class A common stock on the date of grant and vest within one year from the date of grant for RSUs granted to directors and three years from the date of grant for RSUs granted to employees. The fair value at the date of grant is based on the number of units granted and the average of the Company’s high and low Class A common stock trading price on the date of grant or, if the Company’s Class A shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock trading price on the last preceding date on which the Company’s Class A shares traded. A summary of RSU activity for the six months ended April 2, 2021 follows: Number of RSUs Weighted Average RSUs at October 2, 2020 67,821 $ 68.34 RSUs granted 20,059 88.49 RSUs vested (18,112) 43.49 RSUs at April 2, 2021 69,768 80.58 Stock compensation expense, net of forfeitures, related to RSUs was $511 and $943 for the three and six months ended April 2, 2021, respectively. For the three and six months ended March 27, 2020, the Company recognized income of $589 and $169, respectively, related to RSUs as a result of reversing compensation expense previously recognized in prior periods during the quarter ended March 27, 2020. The Company reversed this compensation expense due to an expectation at the time that performance conditions would not be met for certain awards as a result of market conditions at that time. Unrecognized compensation cost related to non-vested RSUs as of April 2, 2021 was $3,488, which amount will be amortized to expense through September 2023 or adjusted for changes in future estimated or actual forfeitures. RSU grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of units and issuance of unrestricted shares of Class A common stock by tendering a portion of such unrestricted shares back to the Company. Shares tendered back to the Company for this purpose were 3,320 and 3,075 during the six month periods ended April 2, 2021 and March 27, 2020, respectively. The fair value of restricted stock units recognized as a tax deduction during the six month periods ended April 2, 2021 and March 27, 2020 was $2,148 and $1,426, respectively. Compensation expense related to units earned by employees (as opposed to grants to outside directors) is based upon the attainment of certain Company financial goals related to cumulative net sales and cumulative operating profit over a three-year performance period. Awards are only paid if at least 80% of the target levels are met and maximum payouts are made if 120% or more of target levels are achieved. The payouts for achievement at the threshold levels of performance are equal to 50% of the target award amount. The payouts for achievement at maximum levels of performance are equal to 150% of the target award amount. To the extent earned, awards are issued in shares of Company Class A common stock after the end of the three-year performance period. Employees’ Stock Purchase Plan The Company’s shareholders have adopted the Johnson Outdoors Inc. 2009 Employees’ Stock Purchase Plan, which was most recently amended on March 2, 2017, and which provides for the issuance of shares of Class A common stock at a purchase price of not less than 85% of the fair market value of such shares on the date of grant or on the date of purchase, whichever is lower.

PENSION PLANS

PENSION PLANS	6 Months Ended
	Apr. 02, 2021
Retirement Benefits [Abstract]
PENSION PLANS	PENSION PLANS The Company has two non-contributory defined benefit pension plans covering certain of its U.S. employees. Retirement benefits are generally provided based on the employees’ years of service and average earnings. Normal retirement age is 65, with provisions for earlier retirement. The Company made contributions of $44 and $44 to its pension plans for the three months ended April 2, 2021 and March 27, 2020, respectively, and contributions of $88 and $88 for the six months ended April 2, 2021 and March 27, 2020, respectively. During the first quarter of fiscal 2021, Company management commenced actions to terminate both of the pension plans. As part of the termination of these plans, plan participants that are not currently in pay status will have the option of taking a lump sum payment or receiving payout pursuant to an annuity contract. When the termination and related payouts occur, which is subject to numerous conditions under the plan document and applicable law, they are estimated to unfavorably impact net income by approximately $4 to $5 million. The components of net periodic benefit cost related to Company sponsored defined benefit plans for the three and six month periods ended April 2, 2021 and March 27, 2020 were as follows: Three Months Ended Six Months Ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Components of net periodic benefit cost: Service cost $ — $ — $ — $ — Interest on projected benefit obligation 233 276 466 551 Less estimated return on plan assets 160 214 321 427 Amortization of unrecognized losses (gains) 134 82 269 164 Net periodic benefit cost $ 207 $ 144 $ 414 $ 288

INCOME TAXES

INCOME TAXES	6 Months Ended
	Apr. 02, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three and six months ended April 2, 2021 and March 27, 2020, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows: Three Months Ended Six Months Ended (thousands, except tax rate data) April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Profit before income taxes $ 37,310 $ 28,377 $ 63,321 $ 36,966 Income tax expense 9,476 7,990 15,640 10,149 Effective income tax rate 25.4 % 28.2 % 24.7 % 27.5 % The effective tax rate was lower for the three months ended April 2, 2021 compared to the prior year period due to the favorable impact of excess tax benefits on deductible stock compensation. The key factors impacting the effective tax rate for the six months ended April 2, 2021 were the net excess tax benefits related to share-based compensation and income tax benefit generated by the intra-entity transfer of an asset other than inventory. The impact of the Company’s operations in jurisdictions where a valuation allowance is assessed is removed from the overall effective tax rate methodology and recorded directly based on year to date results for the year for which no tax expense or benefit can be recognized. The significant tax jurisdictions that have a valuation allowance for the periods ended April 2, 2021 and March 27, 2020 were: April 2, 2021 March 27, 2020 France France Indonesia Indonesia Switzerland Switzerland The Company regularly assesses the adequacy of its provisions for income tax contingencies in accordance with the applicable authoritative guidance on accounting for income taxes. As a result, the Company may adjust the reserves for unrecognized tax benefits due to the impact of changes in its assumptions or as a result of new facts and developments, such as changes to interpretations of relevant tax law, assessments from taxing authorities, settlements with taxing authorities and lapses of statutes of limitation. The Company’s 2021 fiscal year tax expense is anticipated to be unchanged related to uncertain income tax positions. In accordance with its accounting policy, the Company recognizes accrued interest and penalties related to unrecognized benefits as a component of income tax expense. The Company is projecting accrued interest of $300 related to uncertain income tax positions for the fiscal year ending October 1, 2021. The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions. As of the date of this report, the following tax years remain open to examination by the respective significant tax jurisdictions: Jurisdiction Fiscal Years United States 2017-2020 Canada 2017-2020 France 2017-2020 Germany 2017-2020 Italy 2018-2020 Switzerland 2010-2020

INVENTORIES

INVENTORIES	6 Months Ended
	Apr. 02, 2021
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The Company values inventory at the lower of cost (determined using the first-in first-out method) or net realizable value. Inventories at the end of the respective periods consisted of the following: April 2, October 2, March 27, Raw materials $ 74,780 $ 48,874 $ 47,848 Work in process 126 39 91 Finished goods 49,632 48,524 59,741 $ 124,538 $ 97,437 $ 107,680

GOODWILL

GOODWILL	6 Months Ended
	Apr. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL The changes in goodwill during the six months ended April 2, 2021 and March 27, 2020 were as follows: April 2, 2021 March 27, 2020 Balance at beginning of period $ 11,184 $ 11,186 Amount attributable to movements in foreign currency rates 47 (51) Balance at end of period $ 11,231 $ 11,135

WARRANTIES

WARRANTIES	6 Months Ended
	Apr. 02, 2021
Product Warranties Disclosures [Abstract]
WARRANTIES	WARRANTIES The Company provides warranties on certain of its products as they are sold. The following table summarizes the Company’s warranty activity for the six months ended April 2, 2021 and March 27, 2020. April 2, 2021 March 27, 2020 Balance at beginning of period $ 10,849 $ 9,190 Expense accruals for warranties issued during the period 6,028 6,702 Less current period warranty claims paid 4,086 4,003 Balance at end of period $ 12,791 $ 11,889

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Apr. 02, 2021
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIESThe Company is subject to various legal actions and proceedings in the normal course of business, including those related to commercial disputes, product liability, intellectual property and regulatory matters. The Company is insured against loss for certain of these matters. Although litigation is subject to many uncertainties and the ultimate exposure with respect to these matters cannot be ascertained, management does not believe the final outcome of any pending litigation will have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company.

INDEBTEDNESS

INDEBTEDNESS	6 Months Ended
	Apr. 02, 2021
Debt Disclosure [Abstract]
INDEBTEDNESS	INDEBTEDNESS The Company had no debt outstanding at April 2, 2021, October 2, 2020, or March 27, 2020. Revolvers The Company and certain of its subsidiaries have entered into an unsecured credit facility with PNC Bank National Association and Associated Bank, N.A. ("the Lending Group"). This credit facility consists of a $75 million Revolving Credit Facility among the Company, certain of the Company’s subsidiaries, PNC Bank National Association, as lender and as administrative agent, and the other lender named therein (the “Credit Agreement” or “Revolver”). The Revolver has an expiration date of November 15, 2022 and provides for borrowing of up to an aggregate principal amount not to exceed $75,000 with a $50,000 accordion feature that gives the Company the option to increase the maximum financing availability (i.e., an aggregate borrowing amount of $125,000) subject to the conditions of the Credit Agreement and subject to the approval of the lenders. The interest rate on the Revolver is based on LIBOR plus an applicable margin, which margin resets each quarter. The applicable margin ranges from 1.00% to 1.75% and is dependent on the Company’s leverage ratio for the trailing twelve month period. The interest rates on the Revolver at April 2, 2021 and March 27, 2020 were approximately 1.1% and 1.9%, respectively. The Credit Agreement restricts the Company's ability to incur additional debt, includes maximum leverage ratio and minimum interest coverage ratio covenants and is unsecured. Other Borrowings

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Apr. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The following disclosures describe the Company’s objectives in using derivative instruments, the business purpose or context for using derivative instruments, and how the Company believes the use of derivative instruments helps achieve the stated objectives. In addition, the following disclosures describe the effects of the Company’s use of derivative instruments and hedging activities on its financial statements. Foreign Exchange Risk The Company has significant foreign operations, for which the functional currencies are denominated primarily in euros, Swiss francs, Hong Kong dollars and Canadian dollars. As the values of the currencies of the foreign countries in which the Company has operations increase or decrease relative to the U.S. dollar, the sales, expenses, profits, losses, assets and liabilities of the Company’s foreign operations, as reported in the Company’s consolidated financial statements, increase or decrease, accordingly. Approximately 11% of the Company’s revenues for the six month period ended April 2, 2021 were denominated in currencies other than the U.S. dollar. Approximately 3% were denominated in euros, approximately 6% were denominated in Canadian dollars and approximately 1% were denominated in Hong Kong dollars, with the remaining revenues denominated in various other foreign currencies. Changes in foreign currency exchange rates can cause the Company to experience unexpected financial losses or cash flow needs. The Company may mitigate a portion of the fluctuations in certain foreign currencies through the use of foreign currency forward contracts. Foreign currency forward contracts enable the Company to lock in the foreign currency exchange rate to be paid or received for a fixed amount of currency at a specified date in the future. The Company may use such foreign currency forward contracts to mitigate the risk associated with changes in foreign currency exchange rates on financial instruments and known commitments, including commitments for inventory purchases, denominated in foreign currencies. As of April 2, 2021 and March 27, 2020, the Company held no foreign currency forward contracts.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 02, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. A fair value hierarchy has been established based on three levels of inputs, of which the first two are considered observable and the last unobservable. • Level 1 - Quoted prices in active markets for identical assets or liabilities. These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets or liabilities. • Level 2 - Inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly. These are typically obtained from readily-available pricing sources for comparable instruments. • Level 3 - Unobservable inputs, where there is little or no market activity for the asset or liability. These inputs reflect the reporting entity’s own assumptions of the data that market participants would use in pricing the asset or liability, based on the best information available in the circumstances. The carrying amounts of cash, cash equivalents, short term investments, accounts receivable, and accounts payable approximated their fair values at April 2, 2021, October 2, 2020 and March 27, 2020 due to the short term maturities of these instruments. When indicators of impairment are present, the Company may be required to value certain long-lived assets such as property, plant, and equipment, and other intangibles at their fair value. Valuation Techniques Rabbi Trust Assets Rabbi trust assets are classified as trading securities and are comprised of marketable debt and equity securities that are marked to fair value based on unadjusted quoted prices in active markets. The rabbi trust assets are used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan. These assets are included in "Other assets" in the accompanying Company's Condensed Consolidated Balance Sheets, and the mark to market adjustments on the assets are recorded in “Other income, net” in the accompanying Condensed Consolidated Statements of Operations. The offsetting deferred compensation liability is also reported at fair value as "Deferred compensation liability" in the Company's accompanying Condensed Consolidated Balance Sheets. Changes in the liability are recorded in "Administrative management, finance and information systems" expense in the accompanying Condensed Consolidated Statements of Operations. The following table summarizes the Company’s financial assets measured at fair value as of April 2, 2021: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 26,186 $ — $ — $ 26,186 The following table summarizes the Company’s financial assets measured at fair value as of October 2, 2020: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 21,550 $ — $ — $ 21,550 The following table summarizes the Company’s financial assets measured at fair value as of March 27, 2020: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 16,548 $ — $ — $ 16,548 The effect of changes in the fair value of financial instruments on the accompanying Condensed Consolidated Statements of Operations for the three and six month periods ended April 2, 2021 and March 27, 2020 was: Three Months Ended Six months ended Location of (income) loss recognized in Statement of Operations April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Rabbi trust assets Other (income) expense, net $ (1,204) $ 3,525 $ (3,800) $ 2,334

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Apr. 02, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS Recently adopted accounting pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842 ). In July 2018, the FASB also issued ASU 2018-10 Codification Improvements to Topic 842, Leases and ASU 2018-11 Leases (Topic 842) Targeted Improvements. In February 2019, the FASB also issued ASU 2019-01 Leases (Topic 842): Codification Improvements. This ASU and the updates to this ASU require organizations to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. This guidance was effective for the Company in the first quarter of fiscal year 2020, and may be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements with certain practical expedients available. The Company adopted the provisions of these ASU's using the modified retrospective approach at the beginning of the first quarter of fiscal 2020, coinciding with the standard's effective date. The additional disclosures required by the ASU and its updates are included in Note 18 "Leases" of these Notes to the Condensed Consolidated Financial Statements. In June 2016, the FASB issued ASU 2016-13 “Financial Instruments - Credit Losses (Topic 326)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. This guidance was effective for the Company in the first quarter of fiscal year 2021, and must be adopted by applying a cumulative effect adjustment to retained earnings. The Company adopted the provisions of this ASU at the beginning of the first quarter of fiscal 2021, however the ASU did not have a significant impact on its financial statements, and therefore no adjustment to retained earnings was necessary. Recently issued accounting pronouncements In August 2018, the FASB issued ASU 2018-14, Changes to the Disclosure Requirements for Defined Benefit Plans (Topic 715) , which modifies the disclosure requirements for employers that sponsor defined pension or postretirement plans. The amendments in this guidance are effective for fiscal years ending after December 15, 2020, with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on its disclosures. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740)—Simplifying the Accounting for Income Taxes. ASU 2019-12 is intended to simplify accounting for income taxes. It removes certain exceptions to the general principles in Topic 740 and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years, with early adoption permitted. The Company does not expect adoption of the new guidance to have a significant impact on its financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848),

REVENUES

REVENUES	6 Months Ended
	Apr. 02, 2021
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our goods at a point in time based on shipping terms and transfer of title. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. The amount of consideration received can vary, primarily because of customer incentive or rebate arrangements. The Company estimates variable consideration based on the expected value of total consideration to which customers are likely to be entitled based on historical experience and projected market expectations. Included in the estimate is an assessment as to whether any variable consideration is constrained. Revenue estimates are adjusted at the earlier of a change in the expected value of consideration or when the consideration becomes fixed. For all contracts with customers, the Company has not adjusted the promised amount of consideration for the effects of a significant financing component as the period between the transfer of the promised goods and the customer's payment is expected to be one year or less. Sales are made on normal and customary short-term credit terms, generally ranging from 30 to 90 days, or upon delivery of point of sale transactions. Sales, value add, and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. The Company enters into contractual arrangements with customers in the form of individual customer orders which specify the goods, quantity, pricing, and associated order terms. The Company does not have contracts which are satisfied over time. Due to the nature of these contracts, no significant judgment exists in relation to the identification of the customer contract, satisfaction of the performance obligation, or transaction price. The Company expenses incremental costs of obtaining a contract due to the short-term nature of the contracts. Estimated costs of returns, allowances and discounts, based on historic experience, are accrued as a reduction to sales when revenue is recognized. The Company provides customers the right to return eligible products under certain circumstances. At April 2, 2021, the right to returns asset was $1,487 and the accrued returns liability was $4,030. At March 27, 2020, the right to returns asset was $1,349 and the accrued returns liability was $4,273. The Company also offers assurance-type warranties relating to its products sold to end customers that continue to be accounted for under ASC 460 Guarantees. The Company generally accounts for shipping and handling activities as a fulfillment activity, consistent with the timing of revenue recognition; that is, when a customer takes control of the transferred goods. In the event that a customer were to take control of a product upon or after shipment, the Company has made an accounting policy election to treat such shipping and handling activities as a fulfillment cost. Shipping and handling fees billed to customers are included in "Net Sales," and shipping and handling costs are recognized within "Marketing and selling expenses" in the same period the related revenue is recognized. The Company has a wide variety of seasonal, outdoor recreation products used primarily for fishing from a boat, diving, paddling, hiking and camping, that are sold to a variety of customers in multiple end markets. Nonetheless, the revenue recognition policies are similar among all the various products sold by the Company. See Note 16 for required disclosures of disaggregated revenue.

SEGMENTS OF BUSINESS

SEGMENTS OF BUSINESS	6 Months Ended
	Apr. 02, 2021
Segment Reporting [Abstract]
SEGMENTS OF BUSINESS	SEGMENTS OF BUSINESS The Company conducts its worldwide operations through separate business segments, each of which represents major product lines. Operations are conducted in the United States and various foreign countries, primarily in Europe, Canada and the Pacific Basin. During the three and six month periods ended April 2, 2021, combined net sales to two customers of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $45,735 and $99,308, respectively, of the Company's consolidated revenues. During the three and six month periods ended March 27, 2020, combined net sales to two customers of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $48,663 and $80,984, respectively, of the Company's consolidated revenues. Net sales and operating profit include both sales to customers, as reported in the Company’s accompanying Condensed Consolidated Statements of Operations, and interunit transfers, which are priced to recover cost plus an appropriate profit margin. Total assets represent assets that are used in the Company’s operations in each business segment at the end of the periods presented. A summary of the Company’s operations by business segment is presented below: Three Months Ended Six Months Ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 October 2, 2020 Net sales: Fishing: Unaffiliated customers $ 159,770 $ 133,710 $ 286,629 $ 232,903 Interunit transfers 246 245 386 330 Camping: Unaffiliated customers 14,231 8,841 26,416 16,346 Interunit transfers 13 8 22 17 Watercraft Recreation: Unaffiliated customers 17,768 6,063 30,165 10,866 Interunit transfers 10 1 56 7 Diving Unaffiliated customers 14,205 14,253 28,295 30,711 Interunit transfers 3 8 6 9 Other / Corporate 182 217 318 312 Eliminations (272) (262) (470) (363) Total $ 206,156 $ 163,084 $ 371,823 $ 291,138 Operating profit (loss): Fishing $ 40,400 $ 32,917 $ 68,163 $ 47,935 Camping 2,962 709 5,770 775 Watercraft Recreation 2,814 (1,639) 3,883 (3,202) Diving (1,253) (812) (1,594) (607) Other / Corporate (8,887) 619 (16,629) (6,306) $ 36,036 $ 31,794 $ 59,593 $ 38,595 Total assets (end of period): Fishing $ 288,924 $ 241,571 $ 206,244 Camping 41,592 31,867 37,514 Watercraft Recreation 30,147 24,561 21,038 Diving 65,556 64,321 67,393 Other / Corporate 192,761 141,984 213,837 $ — $ — $ 618,980 $ 504,304 $ 546,026 1

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Apr. 02, 2021
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)The changes in Accumulated Other Comprehensive Income (“AOCI”) by component, net of tax, for the three months ended April 2, 2021 were as follows: Foreign Unamortized Accumulated Balance at January 1, 2021 $ 9,765 $ (2,505) $ 7,260 Other comprehensive income before reclassifications (1,512) — (1,512) Amounts reclassified from accumulated other comprehensive income — 134 134 Tax effects — (33) (33) Balance at April 2, 2021 $ 8,253 $ (2,404) $ 5,849 The changes in AOCI by component, net of tax, for the three months ended March 27, 2020 were as follows: Foreign Unamortized Accumulated Balance at December 27, 2019 $ 5,490 $ (3,171) $ 2,319 Other comprehensive income before reclassifications (1,607) — (1,607) Amounts reclassified from accumulated other comprehensive income — 82 82 Tax effects — (20) (20) Balance at March 27, 2020 $ 3,883 $ (3,109) $ 774 The changes in AOCI by component, net of tax, for the six months ended April 2, 2021 were as follows: Foreign Unamortized Accumulated Balance at October 2, 2020 $ 7,323 $ (2,606) $ 4,717 Other comprehensive loss before reclassifications 930 — 930 Amounts reclassified from accumulated other comprehensive income — 269 269 Tax effects — (67) (67) Balance at April 2, 2021 $ 8,253 $ (2,404) $ 5,849 The changes in AOCI by component, net of tax, for the six months ended March 27, 2020 were as follows: Foreign Unamortized Accumulated September 27, 2019 $ 4,790 $ (3,232) $ 1,558 Other comprehensive loss before reclassifications (907) — (907) Amounts reclassified from accumulated other comprehensive income — 164 164 Tax effects — (41) (41) Balance at March 27, 2020 $ 3,883 $ (3,109) $ 774 The reclassifications out of AOCI for the three months ended April 2, 2021 and March 27, 2020 were as follows: Three Months Ended April 2, 2021 March 27, 2020 Statement of Operations Unamortized loss on defined benefit pension plans: Amortization of loss $ 134 $ 82 Other income and expense Tax effects (33) (20) Income tax expense Total reclassifications for the period $ 101 $ 62 The reclassifications out of AOCI for the six months ended April 2, 2021 and March 27, 2020 were as follows: Six Months Ended April 2, 2021 March 27, 2020 Statement of Operations Unamortized loss on defined benefit pension plans: Amortization of loss $ 269 $ 164 Other income and expense Tax effects (67) (41) Income tax expense Total reclassifications for the period $ 202 $ 123

LEASES

LEASES	6 Months Ended
	Apr. 02, 2021
Leases [Abstract]
LEASES	LEASES Adoption of Topic 842 At the beginning of fiscal year 2020, the Company adopted ASU 2016-02 and all subsequent ASUs that modified accounting standards Topic 842 using a modified retrospective adoption method, in which right-of-use ("ROU") assets and lease liabilities are recognized in the condensed consolidated balance sheets. Under the effective date transition method, financial results reported in periods prior to fiscal year 2020 are unchanged. The Company also elected the package of practical expedients permitted under the standard, which does not require reassessment of prior conclusions related to contracts containing a lease, lease classification and initial direct lease costs. As an ongoing accounting policy election, the Company will exclude short-term leases (terms of 12 months or less) from the balance sheet presentation and will account for non-lease and lease components in a contract as a single lease component for most asset classes. All leases in which the Company is the lessee are classified as operating leases, and the Company does not have any finance leases or sublease agreements. Additionally, the Company does not have any leases in which it is the lessor. The adoption of the new standard had a significant impact on the Company's condensed consolidated balance sheet due to the recognition of approximately $41 million of lease liabilities with corresponding ROU assets for operating leases. The new standard did not have a significant impact on the condensed consolidated statements of operations or cash flows, and did not impact our debt covenant compliance under our current credit agreements. The Company determines if an arrangement is a lease at inception. The Company leases certain facilities and machinery and equipment under long-term, non-cancelable operating leases. As of April 2, 2021, the Company had approximately 200 leases, with remaining terms ranging from less than one year to 18 years. Some of the leases contain variable payment terms, such as payments based on fluctuations in the Consumer Price Index (CPI). Some leases also contain options to extend or terminate the lease. To the extent the Company is reasonably certain to exercise these options, they have been considered in the calculation of the ROU assets and lease liabilities. Under current lease agreements, there are no residual value guarantees or restrictive lease covenants. In calculating the ROU assets and lease liabilities, several assumptions and judgments were made by the Company, including whether a contract is or contains a lease under the new definition, and the determination of the discount rate, which is assumed to be the incremental borrowing rate. The incremental borrowing rate is derived from information available to the Company at the lease commencement date based on lease length and location. The components of lease expense recognized in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended April 2, 2021 and March 27, 2020 were as follows: Three months ended Six months ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Lease Cost Operating lease costs $ 2,290 $ 1,787 $ 4,077 $ 3,563 Short-term lease costs 329 474 803 957 Variable leases costs 49 43 92 86 Total lease cost $ 2,668 $ 2,304 $ 4,972 $ 4,606 Included in the amounts in the table above were rent expense to related parties of $261 and $516 for the three and six months ended April 2, 2021, respectively, and $247 and $493 for the three and six months ended March 27, 2020, respectively. As of April 2, 2021, the Company did not have any finance leases. There were no significant new leases entered into during the quarter ended April 2, 2021. Supplemental balance sheet, cash flow, and other information related to operating leases was as follows: Six months ended April 2, 2021 March 27, 2020 Operating leases: Operating lease ROU assets $ 43,489 $ 38,735 Current operating leases liabilities 5,715 5,820 Non-current operating lease liabilities 38,670 33,609 Total operating lease liabilities $ 44,385 $ 39,429 Weighted average remaining lease term (in years) 13.53 10.60 Weighted average discount rate 3.16 % 2.85 % Cash paid for amounts included in the measurement of lease liabilities $ 3,757 $ 3,146 Future minimum rental commitments under non-cancelable operating leases with an initial lease term in excess of one year at April 2, 2021 were as follows: Year Related parties included Total Remainder of 2021 $ 579 $ 4,688 2022 193 5,599 2023 — 4,703 2024 — 4,602 2025 — 3,665 Thereafter — 32,506 Total undiscounted lease payments 772 55,763 Less: Imputed interest (5) (11,378) Total net lease liability $ 767 $ 44,385 During the second quarter of fiscal 2021, the Company amended its agreement with the landlord on an existing leased facility. Payments under the amended agreement are expected to begin in fiscal year 2022 and go through June 2039, and total estimated rental payments, not included in the amounts above, will be approximately $14 million over the

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Apr. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The condensed consolidated financial statements included herein are unaudited. In the opinion of management, these statements contain all adjustments (consisting of only normal recurring items) necessary to present fairly the financial position of Johnson Outdoors Inc. and subsidiaries (collectively, the “Company”) as of April 2, 2021 and March 27, 2020, and their results of operations for the three and six month periods then ended and cash flows for the six month periods then ended. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2020 which was filed with the Securities and Exchange Commission on December 11, 2020. Due to seasonal variations and other factors, some of which are described herein, including related to the coronavirus (COVID-19) outbreak and resulting pandemic, the results of operations for the three and six months ended April 2, 2021 are not necessarily indicative of the results to be expected for the Company’s full 2021 fiscal year. See "Coronavirus (COVID-19)" below and “Seasonality” and "Coronavirus (COVID-19)" in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere herein for additional information. The Company considers all short-term investments in interest-bearing accounts and all securities and other instruments with an original maturity of three months or less, to be equivalent to cash. Cash equivalents are stated at cost which approximates market value. All monetary amounts, other than share and per share amounts, are stated in thousands.
Coronavirus (COVID-19)	Coronavirus (COVID-19) In March 2020, the World Health Organization recognized the current coronavirus (COVID-19) outbreak as a global pandemic. In response to the COVID-19 outbreak, the governments of many countries, states, cities and other geographic regions imposed varying degrees of restrictions on social and commercial activity, including imposing travel restrictions, issuing quarantine, shelter-in-place and stay at home orders and guidelines and related actions, mandating mask wearing, limiting business capacity and generally restricting freedom of movement, in order to promote social distancing and other similar programs all in an effort to slow the spread of the illness. While some government mandates eased in the latter half of fiscal 2020, these mandates continued to emphasize social distancing measures to the general public. As a result, in the latter part of fiscal 2020 we saw increased participation in fishing, camping and watercraft recreation and the related demand for our products in these business segments, largely driven by consumer desire to engage in socially distant and safe activities in the great outdoors. This trend in increased demand for our outdoor recreation products continued into the first half of fiscal 2021. Nonetheless, the COVID-19 pandemic continues to impact macroeconomic and societal developments in various key regions of the world. As a result, the Company cannot reasonably estimate the full impact of the COVID-19 pandemic on Company operations and profitability for the remainder of fiscal 2021 and beyond as the situation is dynamic and constantly changing. The Company will continue to monitor evolving economic and general business conditions stemming from the COVID-19 pandemic and the actual and potential impacts on our financial position, results of operations and cash flows.
Recently adapted and issued accounting pronouncements	Recently adopted accounting pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842 ). In July 2018, the FASB also issued ASU 2018-10 Codification Improvements to Topic 842, Leases and ASU 2018-11 Leases (Topic 842) Targeted Improvements. In February 2019, the FASB also issued ASU 2019-01 Leases (Topic 842): Codification Improvements. This ASU and the updates to this ASU require organizations to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. This guidance was effective for the Company in the first quarter of fiscal year 2020, and may be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements with certain practical expedients available. The Company adopted the provisions of these ASU's using the modified retrospective approach at the beginning of the first quarter of fiscal 2020, coinciding with the standard's effective date. The additional disclosures required by the ASU and its updates are included in Note 18 "Leases" of these Notes to the Condensed Consolidated Financial Statements. In June 2016, the FASB issued ASU 2016-13 “Financial Instruments - Credit Losses (Topic 326)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. This guidance was effective for the Company in the first quarter of fiscal year 2021, and must be adopted by applying a cumulative effect adjustment to retained earnings. The Company adopted the provisions of this ASU at the beginning of the first quarter of fiscal 2021, however the ASU did not have a significant impact on its financial statements, and therefore no adjustment to retained earnings was necessary. Recently issued accounting pronouncements In August 2018, the FASB issued ASU 2018-14, Changes to the Disclosure Requirements for Defined Benefit Plans (Topic 715) , which modifies the disclosure requirements for employers that sponsor defined pension or postretirement plans. The amendments in this guidance are effective for fiscal years ending after December 15, 2020, with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on its disclosures. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740)—Simplifying the Accounting for Income Taxes. ASU 2019-12 is intended to simplify accounting for income taxes. It removes certain exceptions to the general principles in Topic 740 and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years, with early adoption permitted. The Company does not expect adoption of the new guidance to have a significant impact on its financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848),
Revenues	Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our goods at a point in time based on shipping terms and transfer of title. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. The amount of consideration received can vary, primarily because of customer incentive or rebate arrangements. The Company estimates variable consideration based on the expected value of total consideration to which customers are likely to be entitled based on historical experience and projected market expectations. Included in the estimate is an assessment as to whether any variable consideration is constrained. Revenue estimates are adjusted at the earlier of a change in the expected value of consideration or when the consideration becomes fixed. For all contracts with customers, the Company has not adjusted the promised amount of consideration for the effects of a significant financing component as the period between the transfer of the promised goods and the customer's payment is expected to be one year or less. Sales are made on normal and customary short-term credit terms, generally ranging from 30 to 90 days, or upon delivery of point of sale transactions. Sales, value add, and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. The Company enters into contractual arrangements with customers in the form of individual customer orders which specify the goods, quantity, pricing, and associated order terms. The Company does not have contracts which are satisfied over time. Due to the nature of these contracts, no significant judgment exists in relation to the identification of the customer contract, satisfaction of the performance obligation, or transaction price. The Company expenses incremental costs of obtaining a contract due to the short-term nature of the contracts. Estimated costs of returns, allowances and discounts, based on historic experience, are accrued as a reduction to sales when revenue is recognized. The Company provides customers the right to return eligible products under certain circumstances. At April 2, 2021, the right to returns asset was $1,487 and the accrued returns liability was $4,030. At March 27, 2020, the right to returns asset was $1,349 and the accrued returns liability was $4,273. The Company also offers assurance-type warranties relating to its products sold to end customers that continue to be accounted for under ASC 460 Guarantees.

EARNINGS PER SHARE (_EPS_) (Tab

EARNINGS PER SHARE (“EPS”) (Tables)	6 Months Ended
	Apr. 02, 2021
Earnings Per Share [Abstract]
Schedule of dividends declared	Dividends per share for the three and six month periods ended April 2, 2021 and March 27, 2020 were as follows: Three Months Ended Six months ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Dividends declared per common share: Class A $ 0.21 $ 0.17 $ 0.42 $ 0.34 Class B $ 0.19 $ 0.16 $ 0.38 $ 0.31

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS (Tables)	6 Months Ended
	Apr. 02, 2021
Share-based Payment Arrangement [Abstract]
Schedule of non-vested stock activity	A summary of non-vested stock activity for the six months ended April 2, 2021 related to the Company’s stock ownership plans is as follows: Shares Weighted Average Non-vested stock at October 2, 2020 40,492 $ 62.15 Non-vested stock grants 13,726 100.17 Restricted stock vested (17,234) 53.79 Non-vested stock at April 2, 2021 36,984 80.16
Schedule of RSU activity	A summary of RSU activity for the six months ended April 2, 2021 follows: Number of RSUs Weighted Average RSUs at October 2, 2020 67,821 $ 68.34 RSUs granted 20,059 88.49 RSUs vested (18,112) 43.49 RSUs at April 2, 2021 69,768 80.58

PENSION PLANS (Tables)

PENSION PLANS (Tables)	6 Months Ended
	Apr. 02, 2021
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit cost	The components of net periodic benefit cost related to Company sponsored defined benefit plans for the three and six month periods ended April 2, 2021 and March 27, 2020 were as follows: Three Months Ended Six Months Ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Components of net periodic benefit cost: Service cost $ — $ — $ — $ — Interest on projected benefit obligation 233 276 466 551 Less estimated return on plan assets 160 214 321 427 Amortization of unrecognized losses (gains) 134 82 269 164 Net periodic benefit cost $ 207 $ 144 $ 414 $ 288

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Apr. 02, 2021
Income Tax Disclosure [Abstract]
Summary of earnings before income taxes, income tax expense and effective income tax rate	For the three and six months ended April 2, 2021 and March 27, 2020, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows: Three Months Ended Six Months Ended (thousands, except tax rate data) April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Profit before income taxes $ 37,310 $ 28,377 $ 63,321 $ 36,966 Income tax expense 9,476 7,990 15,640 10,149 Effective income tax rate 25.4 % 28.2 % 24.7 % 27.5 %
Summary of tax jurisdictions of entities with valuation allowances	The significant tax jurisdictions that have a valuation allowance for the periods ended April 2, 2021 and March 27, 2020 were: April 2, 2021 March 27, 2020 France France Indonesia Indonesia Switzerland Switzerland
Summary of income tax examinations	As of the date of this report, the following tax years remain open to examination by the respective significant tax jurisdictions: Jurisdiction Fiscal Years United States 2017-2020 Canada 2017-2020 France 2017-2020 Germany 2017-2020 Italy 2018-2020 Switzerland 2010-2020

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Apr. 02, 2021
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories at the end of the respective periods consisted of the following: April 2, October 2, March 27, Raw materials $ 74,780 $ 48,874 $ 47,848 Work in process 126 39 91 Finished goods 49,632 48,524 59,741 $ 124,538 $ 97,437 $ 107,680

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Apr. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in goodwill during the six months ended April 2, 2021 and March 27, 2020 were as follows: April 2, 2021 March 27, 2020 Balance at beginning of period $ 11,184 $ 11,186 Amount attributable to movements in foreign currency rates 47 (51) Balance at end of period $ 11,231 $ 11,135

WARRANTIES (Tables)

WARRANTIES (Tables)	6 Months Ended
	Apr. 02, 2021
Product Warranties Disclosures [Abstract]
Summary of warranty activity	The following table summarizes the Company’s warranty activity for the six months ended April 2, 2021 and March 27, 2020. April 2, 2021 March 27, 2020 Balance at beginning of period $ 10,849 $ 9,190 Expense accruals for warranties issued during the period 6,028 6,702 Less current period warranty claims paid 4,086 4,003 Balance at end of period $ 12,791 $ 11,889

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 02, 2021
Fair Value Disclosures [Abstract]
Summary of financial assets measured at fair value	The following table summarizes the Company’s financial assets measured at fair value as of April 2, 2021: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 26,186 $ — $ — $ 26,186 The following table summarizes the Company’s financial assets measured at fair value as of October 2, 2020: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 21,550 $ — $ — $ 21,550 The following table summarizes the Company’s financial assets measured at fair value as of March 27, 2020: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 16,548 $ — $ — $ 16,548
Schedule of effect of changes in the fair value of financial instruments	The effect of changes in the fair value of financial instruments on the accompanying Condensed Consolidated Statements of Operations for the three and six month periods ended April 2, 2021 and March 27, 2020 was: Three Months Ended Six months ended Location of (income) loss recognized in Statement of Operations April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Rabbi trust assets Other (income) expense, net $ (1,204) $ 3,525 $ (3,800) $ 2,334

SEGMENTS OF BUSINESS (Tables)

SEGMENTS OF BUSINESS (Tables)	6 Months Ended
	Apr. 02, 2021
Segment Reporting [Abstract]
Summary of operations by business unit	A summary of the Company’s operations by business segment is presented below: Three Months Ended Six Months Ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 October 2, 2020 Net sales: Fishing: Unaffiliated customers $ 159,770 $ 133,710 $ 286,629 $ 232,903 Interunit transfers 246 245 386 330 Camping: Unaffiliated customers 14,231 8,841 26,416 16,346 Interunit transfers 13 8 22 17 Watercraft Recreation: Unaffiliated customers 17,768 6,063 30,165 10,866 Interunit transfers 10 1 56 7 Diving Unaffiliated customers 14,205 14,253 28,295 30,711 Interunit transfers 3 8 6 9 Other / Corporate 182 217 318 312 Eliminations (272) (262) (470) (363) Total $ 206,156 $ 163,084 $ 371,823 $ 291,138 Operating profit (loss): Fishing $ 40,400 $ 32,917 $ 68,163 $ 47,935 Camping 2,962 709 5,770 775 Watercraft Recreation 2,814 (1,639) 3,883 (3,202) Diving (1,253) (812) (1,594) (607) Other / Corporate (8,887) 619 (16,629) (6,306) $ 36,036 $ 31,794 $ 59,593 $ 38,595 Total assets (end of period): Fishing $ 288,924 $ 241,571 $ 206,244 Camping 41,592 31,867 37,514 Watercraft Recreation 30,147 24,561 21,038 Diving 65,556 64,321 67,393 Other / Corporate 192,761 141,984 213,837 $ — $ — $ 618,980 $ 504,304 $ 546,026

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Apr. 02, 2021
Equity [Abstract]
Summary of changes in AOCI by component, net of tax	The changes in Accumulated Other Comprehensive Income (“AOCI”) by component, net of tax, for the three months ended April 2, 2021 were as follows: Foreign Unamortized Accumulated Balance at January 1, 2021 $ 9,765 $ (2,505) $ 7,260 Other comprehensive income before reclassifications (1,512) — (1,512) Amounts reclassified from accumulated other comprehensive income — 134 134 Tax effects — (33) (33) Balance at April 2, 2021 $ 8,253 $ (2,404) $ 5,849 The changes in AOCI by component, net of tax, for the three months ended March 27, 2020 were as follows: Foreign Unamortized Accumulated Balance at December 27, 2019 $ 5,490 $ (3,171) $ 2,319 Other comprehensive income before reclassifications (1,607) — (1,607) Amounts reclassified from accumulated other comprehensive income — 82 82 Tax effects — (20) (20) Balance at March 27, 2020 $ 3,883 $ (3,109) $ 774 The changes in AOCI by component, net of tax, for the six months ended April 2, 2021 were as follows: Foreign Unamortized Accumulated Balance at October 2, 2020 $ 7,323 $ (2,606) $ 4,717 Other comprehensive loss before reclassifications 930 — 930 Amounts reclassified from accumulated other comprehensive income — 269 269 Tax effects — (67) (67) Balance at April 2, 2021 $ 8,253 $ (2,404) $ 5,849 The changes in AOCI by component, net of tax, for the six months ended March 27, 2020 were as follows: Foreign Unamortized Accumulated September 27, 2019 $ 4,790 $ (3,232) $ 1,558 Other comprehensive loss before reclassifications (907) — (907) Amounts reclassified from accumulated other comprehensive income — 164 164 Tax effects — (41) (41) Balance at March 27, 2020 $ 3,883 $ (3,109) $ 774
Summary of reclassifications out of AOCI	The reclassifications out of AOCI for the three months ended April 2, 2021 and March 27, 2020 were as follows: Three Months Ended April 2, 2021 March 27, 2020 Statement of Operations Unamortized loss on defined benefit pension plans: Amortization of loss $ 134 $ 82 Other income and expense Tax effects (33) (20) Income tax expense Total reclassifications for the period $ 101 $ 62 The reclassifications out of AOCI for the six months ended April 2, 2021 and March 27, 2020 were as follows: Six Months Ended April 2, 2021 March 27, 2020 Statement of Operations Unamortized loss on defined benefit pension plans: Amortization of loss $ 269 $ 164 Other income and expense Tax effects (67) (41) Income tax expense Total reclassifications for the period $ 202 $ 123

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Apr. 02, 2021
Leases [Abstract]
Summary of components of lease expense	The components of lease expense recognized in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended April 2, 2021 and March 27, 2020 were as follows: Three months ended Six months ended April 2, 2021 March 27, 2020 April 2, 2021 March 27, 2020 Lease Cost Operating lease costs $ 2,290 $ 1,787 $ 4,077 $ 3,563 Short-term lease costs 329 474 803 957 Variable leases costs 49 43 92 86 Total lease cost $ 2,668 $ 2,304 $ 4,972 $ 4,606 Six months ended April 2, 2021 March 27, 2020 Operating leases: Operating lease ROU assets $ 43,489 $ 38,735 Current operating leases liabilities 5,715 5,820 Non-current operating lease liabilities 38,670 33,609 Total operating lease liabilities $ 44,385 $ 39,429 Weighted average remaining lease term (in years) 13.53 10.60 Weighted average discount rate 3.16 % 2.85 % Cash paid for amounts included in the measurement of lease liabilities $ 3,757 $ 3,146
Schedule of right of use assets and lease liabilities	Supplemental balance sheet, cash flow, and other information related to operating leases was as follows: Six months ended April 2, 2021 March 27, 2020 Operating leases: Operating lease ROU assets $ 43,489 $ 38,735 Current operating leases liabilities 5,715 5,820 Non-current operating lease liabilities 38,670 33,609 Total operating lease liabilities $ 44,385 $ 39,429 Weighted average remaining lease term (in years) 13.53 10.60 Weighted average discount rate 3.16 % 2.85 % Cash paid for amounts included in the measurement of lease liabilities $ 3,757 $ 3,146
Schedule of maturities of operating lease liabilities	Future minimum rental commitments under non-cancelable operating leases with an initial lease term in excess of one year at April 2, 2021 were as follows: Year Related parties included Total Remainder of 2021 $ 579 $ 4,688 2022 193 5,599 2023 — 4,703 2024 — 4,602 2025 — 3,665 Thereafter — 32,506 Total undiscounted lease payments 772 55,763 Less: Imputed interest (5) (11,378) Total net lease liability $ 767 $ 44,385

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
Receivables [Abstract]
Allowances for doubtful accounts receivable	$ 2,463	$ 2,697	$ 1,279
Accounts receivable, net	$ 130,139	$ 67,292	$ 106,629

EARNINGS PER SHARE (_EPS_) (Det

EARNINGS PER SHARE (“EPS”) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Percentage of cash dividends on Class A common stock relative to Class B common stock			110.00%
Non-Vested Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	40,024	39,078	40,336	39,695
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	24,894	43,198	32,917	44,546
Class A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.21	$ 0.17	$ 0.42	$ 0.34
Class B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.19	$ 0.16	$ 0.38	$ 0.31

STOCK-BASED COMPENSATION AND _3

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS (Narrative) (Details) - USD ($) $ in Thousands	Mar. 02, 2017	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (shares)		502,542		502,542
Award performance period (in years)				3 years
Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan shares issued (shares)		0	0	0	0
Issuance of stock under employee stock purchase plan (income) expense		$ 0	$ 51	$ 0	$ 58
Non-Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares tendered for tax withholding (shares)				2,341	4,054
Stock-based compensation expense, net of forfeitures		297	252	$ 576	$ 492
Unrecognized stock-based compensation expense		1,974		1,974
Fair value of vested restricted stock				$ 1,258	1,329
Non-Vested Stock | Director | Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				1 year
Non-Vested Stock | Employees | Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				4 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, net of forfeitures		511	$ (589)	$ 943	$ (169)
Unrecognized stock-based compensation expense		$ 3,488		$ 3,488
Shares tendered back to company (shares)				3,320	3,075
Fair value of vested restricted stock				$ 2,148	$ 1,426
Restricted Stock Units (RSUs) | Vesting Period 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				1 year
Restricted Stock Units (RSUs) | Vesting Period 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				3 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Bonus achievement target level (in percent)				80.00%
Bonus payout as a percentage of target award				50.00%
Employee stock purchase plan, purchase price (in percent)	85.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Bonus achievement target level (in percent)				120.00%
Bonus payout as a percentage of target award				150.00%

STOCK-BASED COMPENSATION AND _4

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS (Schedule of Non-Vested Stock Activity) (Details) - Non-Vested Stock	6 Months Ended
	Apr. 02, 2021$ / sharesshares
Shares
Beginning Balance (shares) | shares	40,492
Grants (shares) | shares	13,726
Vested (shares) | shares	(17,234)
Ending Balance (shares) | shares	36,984
Weighted Average Grant Price
Beginning Balance (USD per share) | $ / shares	$ 62.15
Grants (USD per share) | $ / shares	100.17
Vested (USD per share) | $ / shares	53.79
Ending Balance (USD per share) | $ / shares	$ 80.16

STOCK-BASED COMPENSATION AND _5

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS (Schedule of RSU Activity) (Details) - Restricted Stock Units (RSUs)	6 Months Ended
	Apr. 02, 2021$ / sharesshares
Number of RSUs
Beginning Balance (shares) | shares	67,821
Grants (shares) | shares	20,059
Vested (shares) | shares	(18,112)
Ending Balance (shares) | shares	69,768
Weighted Average Grant Price
Beginning Balance (USD per share) | $ / shares	$ 68.34
Grants (USD per share) | $ / shares	88.49
Vested (USD per share) | $ / shares	43.49
Ending Balance (USD per share) | $ / shares	$ 80.58

PENSION PLANS (Narrative) (Deta

PENSION PLANS (Narrative) (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Apr. 02, 2021USD ($)plan	Jan. 01, 2021USD ($)	Mar. 27, 2020USD ($)	Apr. 02, 2021USD ($)plan	Mar. 27, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
Non-contributory defined benefit pension plans | plan	2			2
Pension plan contributions	$ 44		$ 44	$ 88	$ 88
Minimum
Defined Benefit Plan Disclosure [Line Items]
Plan termination expense		$ 4,000
Maximum
Defined Benefit Plan Disclosure [Line Items]
Plan termination expense		$ 5,000

PENSION PLANS (Components of Ne

PENSION PLANS (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Components of net periodic benefit cost:
Service cost	$ 0	$ 0	$ 0	$ 0
Interest on projected benefit obligation	233	276	466	551
Less estimated return on plan assets	160	214	321	427
Amortization of unrecognized losses (gains)	134	82	269	164
Net periodic benefit cost	$ 207	$ 144	$ 414	$ 288

INCOME TAXES (Summary of Earnin

INCOME TAXES (Summary of Earnings Before Income Taxes, Income Tax Expense and Effective Income Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Income Tax Disclosure [Abstract]
Profit before income taxes	$ 37,310	$ 28,377	$ 63,321	$ 36,966
Income tax expense	$ 9,476	$ 7,990	$ 15,640	$ 10,149
Effective income tax rate	25.40%	28.20%	24.70%	27.50%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) $ in Thousands	12 Months Ended
	Oct. 01, 2021USD ($)
Forecast
Income Tax Contingency [Line Items]
Accrued interest related to uncertain income tax positions	$ 300

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 74,780	$ 48,874	$ 47,848
Work in process	126	39	91
Finished goods	49,632	48,524	59,741
Inventories	$ 124,538	$ 97,437	$ 107,680

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020
Goodwill [Roll Forward]
Balance at beginning of period	$ 11,184	$ 11,186
Amount attributable to movements in foreign currency rates	47	(51)
Balance at end of period	$ 11,231	$ 11,135

WARRANTIES (Details)

WARRANTIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 10,849	$ 9,190
Expense accruals for warranties issued during the period	6,028	6,702
Less current period warranty claims paid	4,086	4,003
Balance at end of period	$ 12,791	$ 11,889

INDEBTEDNESS (Details)

INDEBTEDNESS (Details) - USD ($)	6 Months Ended
	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
Debt Instrument [Line Items]
Debt outstanding	$ 0
Financial Standby Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	181,000		$ 181,000
Unsecured Revolving Credit Facilities At Foreign Subsidiaries
Debt Instrument [Line Items]
Debt outstanding		$ 0	0
Unsecured revolving credit facilities	0		$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 125,000,000
Interest rate (in percent)	1.10%		1.90%
Revolving Credit Facility | Minimum | LIBOR
Debt Instrument [Line Items]
Margin percentage	1.00%
Revolving Credit Facility | Maximum | LIBOR
Debt Instrument [Line Items]
Margin percentage	1.75%
Revolving Credit Facility | Revolvers Borrowing Capacity Standard
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75,000,000
Accordion feature	$ 50,000,000

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - contract	6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020
Derivative [Line Items]
Number of foreign currency forward contracts (in contracts)	0	0
Geographic Concentration Risk | Revenue Benchmark
Derivative [Line Items]
Percent of revenues in foreign currency	11.00%
Geographic Concentration Risk | Revenue Benchmark | Euro
Derivative [Line Items]
Percent of revenues in foreign currency	3.00%
Geographic Concentration Risk | Revenue Benchmark | Canadian Dollars
Derivative [Line Items]
Percent of revenues in foreign currency	6.00%
Geographic Concentration Risk | Revenue Benchmark | Hong Kong, Dollars
Derivative [Line Items]
Percent of revenues in foreign currency	1.00%

FAIR VALUE MEASUREMENTS (Summar

FAIR VALUE MEASUREMENTS (Summary of Financial Assets) (Details) - USD ($) $ in Thousands	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	$ 26,186	$ 21,550	$ 16,548
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	26,186	21,550	16,548
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	0	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	$ 0	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Effect

FAIR VALUE MEASUREMENTS (Effect of Changes in Financial Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Rabbi trust assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Other (income) expense, net	$ (1,204)	$ 3,525	$ (3,800)	$ 2,334

FAIR VALUE MEASUREMENTS (Narrat

FAIR VALUE MEASUREMENTS (Narrative) (Details) - Nonrecurring - USD ($)	Apr. 02, 2021	Mar. 27, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	$ 0	$ 0
Liabilities, fair value disclosure	$ 0	$ 0

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 02, 2021	Oct. 02, 2020	Mar. 27, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue, financing component	one year or less
Contract with customer, asset	$ 1,487		$ 1,349
Contract with customer, liability	5,741	$ 4,426	5,953
Accrued Discounts And Returns
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract with customer, liability	$ 4,030		$ 4,273

SEGMENTS OF BUSINESS (Details)

SEGMENTS OF BUSINESS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020	Oct. 02, 2020
Segment Reporting Information [Line Items]
Net sales	$ 206,156	$ 163,084	$ 371,823	$ 291,138
Operating profit (loss)	36,036	31,794	59,593	38,595
Total assets (end of period)	618,980	504,304	618,980	504,304	$ 546,026
Unaffiliated customers | Fishing
Segment Reporting Information [Line Items]
Net sales	159,770	133,710	286,629	232,903
Operating profit (loss)	40,400	32,917	68,163	47,935
Total assets (end of period)	288,924	241,571	288,924	241,571	206,244
Unaffiliated customers | Camping
Segment Reporting Information [Line Items]
Net sales	14,231	8,841	26,416	16,346
Operating profit (loss)	2,962	709	5,770	775
Total assets (end of period)	41,592	31,867	41,592	31,867	37,514
Unaffiliated customers | Watercraft Recreation
Segment Reporting Information [Line Items]
Net sales	17,768	6,063	30,165	10,866
Operating profit (loss)	2,814	(1,639)	3,883	(3,202)
Total assets (end of period)	30,147	24,561	30,147	24,561	21,038
Unaffiliated customers | Diving
Segment Reporting Information [Line Items]
Net sales	14,205	14,253	28,295	30,711
Operating profit (loss)	(1,253)	(812)	(1,594)	(607)
Total assets (end of period)	65,556	64,321	65,556	64,321	67,393
Interunit transfers
Segment Reporting Information [Line Items]
Net sales	(272)	(262)	(470)	(363)
Interunit transfers | Fishing
Segment Reporting Information [Line Items]
Net sales	246	245	386	330
Interunit transfers | Camping
Segment Reporting Information [Line Items]
Net sales	13	8	22	17
Interunit transfers | Watercraft Recreation
Segment Reporting Information [Line Items]
Net sales	10	1	56	7
Interunit transfers | Diving
Segment Reporting Information [Line Items]
Net sales	3	8	6	9
Other / Corporate
Segment Reporting Information [Line Items]
Net sales	182	217	318	312
Operating profit (loss)	(8,887)	619	(16,629)	(6,306)
Total assets (end of period)	192,761	141,984	192,761	141,984	$ 213,837
Customer One
Segment Reporting Information [Line Items]
Net sales	$ 45,735		$ 99,308
Customer Two
Segment Reporting Information [Line Items]
Net sales		$ 48,663		$ 80,984

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes by Component) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			$ 378,100
Other comprehensive income before reclassifications	$ (1,512)	$ (1,607)	930	$ (907)
Amounts reclassified from accumulated other comprehensive income	134	82	269	164
Tax effects	(33)	(20)	(67)	(41)
Balance, end of period	423,736	347,102	423,736	347,102
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	7,260	2,319	4,717	1,558
Balance, end of period	5,849	774	5,849	774
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	9,765	5,490	7,323	4,790
Other comprehensive income before reclassifications	(1,512)	(1,607)	930	(907)
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Tax effects	0	0	0	0
Balance, end of period	8,253	3,883	8,253	3,883
Unamortized Loss on Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(2,505)	(3,171)	(2,606)	(3,232)
Other comprehensive income before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	134	82	269	164
Tax effects	(33)	(20)	(67)	(41)
Balance, end of period	$ (2,404)	$ (3,109)	$ (2,404)	$ (3,109)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of loss	$ 1,229	$ (3,866)	$ 3,633	$ (2,698)
Income tax expense	(9,476)	(7,990)	(15,640)	(10,149)
Net income	27,834	20,387	47,681	26,817
Unamortized Loss on Defined Benefit Pension Plans | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of loss	134	82	269	164
Income tax expense	(33)	(20)	(67)	(41)
Net income	$ 101	$ 62	$ 202	$ 123

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021USD ($)	Mar. 27, 2020USD ($)	Apr. 02, 2021USD ($)contract	Mar. 27, 2020USD ($)	Oct. 02, 2020USD ($)
Lessee, Lease, Description [Line Items]
Total net lease liability	$ 44,385	$ 39,429	$ 44,385	$ 39,429
Right of use assets	43,489	38,735	$ 43,489	38,735	$ 40,666
Number of contracts | contract			200
Lessee, operating lease, lease not yet commenced, liability	$ 14,000		$ 14,000
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	18 years		18 years
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Total net lease liability					41,000
Right of use assets					$ 41,000
Affiliated Entity
Lessee, Lease, Description [Line Items]
Total net lease liability	$ 767		$ 767
Operating lease, cost	$ 261	$ 247	$ 516	$ 493

LEASES (Components of Lease Exp

LEASES (Components of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Apr. 02, 2021	Mar. 27, 2020
Lease Cost
Operating lease costs	$ 2,290	$ 1,787	$ 4,077	$ 3,563
Short-term lease costs	329	474	803	957
Variable leases costs	49	43	92	86
Total lease cost	$ 2,668	$ 2,304	$ 4,972	$ 4,606

LEASES (Other Information Relat

LEASES (Other Information Related to Operating Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 02, 2021	Mar. 27, 2020	Oct. 02, 2020
Operating leases:
Operating lease ROU assets	$ 43,489	$ 38,735	$ 40,666
Current operating leases liabilities	5,715	5,820	6,587
Non-current operating lease liabilities	38,670	33,609	$ 34,931
Total operating lease liabilities	$ 44,385	$ 39,429
Weighted average remaining lease term (in years)	13 years 6 months 10 days	10 years 7 months 6 days
Weighted average discount rate	3.16%	2.85%
Cash paid for amounts included in the measurement of lease liabilities	$ 3,757	$ 3,146

LEASES (Future Minimum Rental C

LEASES (Future Minimum Rental Commitments Under Non-Cancelable Operating Leases) (Details) - USD ($) $ in Thousands	Apr. 02, 2021	Mar. 27, 2020
Finance Leases, After Adoption of 842:
Remainder of 2021	$ 4,688
2022	5,599
2023	4,703
2024	4,602
2025	3,665
Thereafter	32,506
Total undiscounted lease payments	55,763
Less: Imputed interest	(11,378)
Total net lease liability	44,385	$ 39,429
Affiliated Entity
Finance Leases, After Adoption of 842:
Remainder of 2021	579
2022	193
2023	0
2024	0
2025	0
Thereafter	0
Total undiscounted lease payments	772
Less: Imputed interest	(5)
Total net lease liability	$ 767