Johnson Outdoors (JOUT) 10-Q 5 Aug 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 28, 2024	Jul. 26, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 28, 2024
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	Q3
Document Fiscal Year Focus	2024
Entity Central Index Key	0000788329
Current Fiscal Year End Date	--09-27
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		9,096,632
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		1,207,760

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Net sales	$ 172,472	$ 187,047	$ 486,972	$ 567,499
Cost of sales	110,650	109,460	310,865	351,798
Gross profit	61,822	77,587	176,107	215,701
Operating expenses:
Marketing and selling	41,109	39,504	111,040	113,585
Administrative management, finance and information systems	13,935	12,638	42,302	43,944
Research and development	7,284	8,002	23,478	23,867
Total operating expenses	62,328	60,144	176,820	181,396
Operating (loss) profit	(506)	17,443	(713)	34,305
Interest income	(1,123)	(1,244)	(3,178)	(2,806)
Interest expense	37	39	115	114
Other income, net	(327)	(1,174)	(7,468)	(10,939)
Profit before income taxes	907	19,822	9,818	47,936
Income tax (benefit) expense	(715)	5,021	2,085	12,395
Net income	$ 1,622	$ 14,801	$ 7,733	$ 35,541
Weighted average common shares - Basic:
Participating securities (in shares)	17	22	17	16
Weighted average common shares - Dilutive (in shares)	10,249	10,210	10,232	10,187
Class A
Weighted average common shares - Basic:
Weighted average common shares - basic (in shares)	9,024	8,980	9,007	8,963
Net income per common share - Basic:
Net income per common share - basic (in USD per share)	$ 0.16	$ 1.46	$ 0.75	$ 3.51
Net income per common share - Diluted:
Net income per common share - diluted (in USD per share)	$ 0.16	$ 1.44	$ 0.75	$ 3.47
Class B
Weighted average common shares - Basic:
Weighted average common shares - basic (in shares)	1,208	1,208	1,208	1,208
Net income per common share - Basic:
Net income per common share - basic (in USD per share)	$ 0.16	$ 1.33	$ 0.75	$ 3.19
Net income per common share - Diluted:
Net income per common share - diluted (in USD per share)	$ 0.16	$ 1.44	$ 0.75	$ 3.47

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,622	$ 14,801	$ 7,733	$ 35,541
Other comprehensive income (loss):
Foreign currency translation	(439)	1,018	241	4,462
Unrealized gain (loss) on available-for-sale securities, net of tax	14	(126)	98	(126)
Change in pension plans, net of tax	6	9	21	25
Total other comprehensive (loss) income	(419)	901	360	4,361
Total comprehensive income	$ 1,203	$ 15,702	$ 8,093	$ 39,902

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 126,823	$ 111,854	$ 122,596
Short term investments	21,546	26,764	26,651
Accounts receivable, net	79,593	43,159	94,644
Inventories	223,160	261,474	235,069
Other current assets	9,883	15,405	6,345
Total current assets	461,005	458,656	485,305
Investments	2,237	13,943	14,045
Property, plant and equipment, net of accumulated depreciation of $187,350, $177,426 and $175,820, respectively	95,929	94,353	95,257
Right of use assets	49,017	50,746	53,104
Deferred income taxes	23,021	18,352	11,437
Goodwill	11,160	11,172	11,186
Other intangible assets, net	8,331	8,472	8,444
Other assets	29,125	25,912	26,706
Total assets	679,825	681,606	705,484
Current liabilities:
Accounts payable	43,153	42,744	45,728
Current lease liability	7,648	7,009	6,985
Accrued liabilities:
Salaries, wages and benefits	14,801	16,741	19,616
Accrued warranty	10,932	11,741	12,249
Accrued discounts and returns	7,231	8,176	6,713
Accrued customer programs	4,347	3,774	5,174
Other	11,181	13,821	10,205
Total current liabilities	99,293	104,006	106,670
Non-current lease liability	43,124	45,335	47,691
Deferred income taxes	1,880	1,838	1,928
Retirement benefits	1,588	1,588	1,627
Deferred compensation liability	27,795	24,607	25,314
Other liabilities	7,476	4,495	1,810
Total liabilities	181,156	181,869	185,040
Common stock:
Capital in excess of par value	89,846	88,234	87,932
Retained earnings	407,223	409,574	428,927
Accumulated other comprehensive income	3,683	3,323	4,981
Treasury stock at cost, shares of Class A common stock: 37,240, 25,342 and 25,380, respectively	(2,600)	(1,908)	(1,910)
Total shareholders’ equity	498,669	499,737	520,444
Total liabilities and shareholders’ equity	679,825	681,606	705,484
Class A
Common stock:
Shares issued and outstanding	456	453	453
Class B
Common stock:
Shares issued and outstanding	$ 61	$ 61	$ 61

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Accumulated depreciation	$ 187,350	$ 177,426	$ 175,820
Treasury stock (in shares)	37,240	25,342	25,380
Class A
Common stock, issued (in shares)	9,096,632	9,043,189	9,043,151
Common stock, shares outstanding (in shares)	9,096,632	9,043,189	9,043,151
Class B
Common stock, issued (in shares)	1,207,760	1,207,760	1,207,798
Common stock, shares outstanding (in shares)	1,207,760	1,207,760	1,207,798

CONDENSED CONSOLIDATED STATEM_3

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 (in shares) at Sep. 30, 2022		10,192,051
Balance, beginning of period at Sep. 30, 2022		$ 512	$ 87,351	$ 402,821	$ 620	$ (3,290)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				5,879
Dividends declared				(3,126)
Award of non-vested shares (in shares)		56,799
Award of non-vested shares		$ 2	(1,381)			1,379
Stock-based compensation			953
Currency translation adjustment					2,937
Change in pension plans, net of tax					8
Purchase of treasury stock at cost (in shares)		(7,613)
Purchase of treasury stock at cost						(444)
Balance, end of period (in shares) at Dec. 30, 2022		10,241,237
Balance, end of period at Dec. 30, 2022		$ 514	86,923	405,574	3,565	(2,355)
Balance, beginning of period (in shares) at Sep. 30, 2022		10,192,051
Balance, beginning of period at Sep. 30, 2022		$ 512	87,351	402,821	620	(3,290)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 35,541
Currency translation adjustment	4,462
Unrealized gain (loss) on available-for-sale securities, net of tax	0
Balance, end of period (in shares) at Jun. 30, 2023		10,250,949
Balance, end of period at Jun. 30, 2023	520,444	$ 514	87,932	428,927	4,981	(1,910)
Balance, beginning of period (in shares) at Dec. 30, 2022		10,241,237
Balance, beginning of period at Dec. 30, 2022		$ 514	86,923	405,574	3,565	(2,355)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				14,861
Dividends declared				(3,161)
Award of non-vested shares (in shares)		13,674
Award of non-vested shares		$ 0	(744)			744
Stock-based compensation			971
Currency translation adjustment					507
Change in pension plans, net of tax					8
Balance, end of period (in shares) at Mar. 31, 2023		10,254,911
Balance, end of period at Mar. 31, 2023		$ 514	87,150	417,274	4,080	(1,611)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,801			14,801
Dividends declared				(3,148)
Issuance of stock under employee stock purchase plan (shares)		6,670
Issuance of stock under employee stock purchase plan			564			(299)
Stock-based compensation			218
Non-vested stock forfeitures (in shares)		(10,632)
Non-vested stock forfeitures			0			0
Currency translation adjustment	1,018				1,018
Unrealized gain (loss) on available-for-sale securities, net of tax					(126)
Change in pension plans, net of tax					9
Balance, end of period (in shares) at Jun. 30, 2023		10,250,949
Balance, end of period at Jun. 30, 2023	520,444	$ 514	87,932	428,927	4,981	(1,910)
Balance, beginning of period (in shares) at Sep. 29, 2023		10,250,949
Balance, beginning of period at Sep. 29, 2023	499,737	$ 514	88,234	409,574	3,323	(1,908)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				3,955
Dividends declared				(3,347)
Award of non-vested shares (in shares)		37,712
Award of non-vested shares		$ 2	(2)
Stock-based compensation			598
Currency translation adjustment					3,059
Unrealized gain (loss) on available-for-sale securities, net of tax					102
Change in pension plans, net of tax					7
Purchase of treasury stock at cost (in shares)		(4,661)
Purchase of treasury stock at cost						(241)
Balance, end of period (in shares) at Dec. 29, 2023		10,284,000
Balance, end of period at Dec. 29, 2023		$ 516	88,830	410,182	6,491	(2,149)
Balance, beginning of period (in shares) at Sep. 29, 2023		10,250,949
Balance, beginning of period at Sep. 29, 2023	499,737	$ 514	88,234	409,574	3,323	(1,908)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,733
Currency translation adjustment	241
Unrealized gain (loss) on available-for-sale securities, net of tax	0
Balance, end of period (in shares) at Jun. 28, 2024		10,304,392
Balance, end of period at Jun. 28, 2024	498,669	$ 517	89,846	407,223	3,683	(2,600)
Balance, beginning of period (in shares) at Dec. 29, 2023		10,284,000
Balance, beginning of period at Dec. 29, 2023		$ 516	88,830	410,182	6,491	(2,149)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				2,156
Dividends declared				(3,368)
Award of non-vested shares (in shares)		22,692
Award of non-vested shares		$ 1	(1)
Stock-based compensation			(180)
Currency translation adjustment					(2,379)
Unrealized gain (loss) on available-for-sale securities, net of tax					(18)
Change in pension plans, net of tax					8
Non-vested stock forfeitures (shares)		(5,350)
Non-vested stock forfeitures			341			(341)
Balance, end of period (in shares) at Mar. 29, 2024		10,301,342
Balance, end of period at Mar. 29, 2024		$ 517	88,990	408,970	4,102	(2,490)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,622			1,622
Dividends declared				(3,369)
Issuance of stock under employee stock purchase plan (shares)		4,937
Issuance of stock under employee stock purchase plan			172
Stock-based compensation			574
Tax effects on stock based awards		$ 0
Currency translation adjustment	(439)				(439)
Unrealized gain (loss) on available-for-sale securities, net of tax					14
Change in pension plans, net of tax					6
Non-vested stock forfeitures (shares)		(1,887)
Non-vested stock forfeitures			110			(110)
Balance, end of period (in shares) at Jun. 28, 2024		10,304,392
Balance, end of period at Jun. 28, 2024	$ 498,669	$ 517	$ 89,846	$ 407,223	$ 3,683	$ (2,600)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2024	Dec. 29, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 30, 2022
Statement of Stockholders' Equity [Abstract]
Change in pension plans, tax	$ 2	$ 3	$ 3	$ 3	$ 3

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
CASH PROVIDED BY OPERATING ACTIVITIES
Net income	$ 7,733	$ 35,541
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation	14,548	11,605
Amortization of intangible assets	251	210
Amortization of deferred financing costs	26	26
Stock based compensation	992	2,142
Gain on disposal of productive assets	(1,874)	(6,488)
Deferred income taxes	(4,663)	58
Change in operating assets and liabilities:
Accounts receivable, net	(36,504)	(2,804)
Inventories, net	38,680	9,129
Accounts payable and accrued liabilities	(5,435)	(7,706)
Other current assets	5,510	3,519
Other non-current assets	0	99
Other long-term liabilities	2,935	(149)
Other, net	(300)	28
CASH PROVIDED BY OPERATING ACTIVITIES	21,899	45,210
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES
Purchase of investments	(2,220)	(40,696)
Proceeds from maturity of short-term investments	19,650	0
Proceeds from sale of productive assets	2,244	14,990
Capital expenditures	(16,449)	(19,427)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	3,225	(45,133)
CASH USED FOR FINANCING ACTIVITIES
Common stock transactions	172	761
Dividends paid	(10,067)	(9,411)
Purchases of treasury stock	(241)	(941)
CASH USED FOR FINANCING ACTIVITIES	(10,136)	(9,591)
Effect of foreign currency rate changes on cash	(19)	2,307
Increase (Decrease) in cash and cash equivalents	14,969	(7,207)
CASH AND CASH EQUIVALENTS
Beginning of period	111,854	129,803
End of period	126,823	122,596
Supplemental Disclosure:
Cash paid for taxes	2,488	16,253
Non-cash dividends	17	25
Cash paid for interest	88	86
Non-cash treasury stock activity	$ 451	$ 2,123

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 28, 2024
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 June 28, 2024 and June 30, 2023, and their results of operations for the three and nine month periods then ended and cash flows for the nine 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 September 29, 2023 which was filed with the Securities and Exchange Commission on December 8, 2023. Certain reclassifications have been made to prior year financial statements to conform to the current year financial statement presentation. These reclassifications had no effect on net earnings. Due to seasonal variations and other factors, some of which are described herein, the results of operations for the three and nine months ended June 28, 2024 are not necessarily indicative of the results to be expected for the Company’s full 2024 fiscal year. The current economic and business environment, including the level of demand in the consumer markets for outdoor recreation products, seasonality effects, enhancements or changes in competitor product offerings, and end consumer purchasing actions, all stemming therefrom, is beyond our control and remains highly uncertain and cannot be predicted at this time. All monetary amounts, other than share and per share amounts, are stated in thousands.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Jun. 28, 2024
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Accounts receivable are stated net of allowances for credit losses of $649, $907 and $902 as of June 28, 2024, September 29, 2023 and June 30, 2023, respectively. The determination of the allowance for credit losses is based on a combination of factors. In circumstances where specific collection concerns about a receivable exist, 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 credit losses 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 credit losses 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”)	9 Months Ended
	Jun. 28, 2024
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 nine month periods ended June 28, 2024, basic net income per share for Class A and Class B shares was the same because there were no cumulative undistributed earnings and basic income per share for Class A and Class B shares has been presented using the two class method described above. For the three and nine month periods ended June 30, 2023, 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 as 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 or no undistributed income because distributions through dividends exceed net income, 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 nine month periods ended June 28, 2024, the effect of non-vested restricted stock units is excluded from the diluted income per share calculation as their inclusion would have been anti-dilutive. For the three and nine month periods ended June 30, 2023, 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. Shares of 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 69,044 and 64,654 for the three months ended June 28, 2024 and June 30, 2023, respectively, and 67,429 and 64,258 for the nine months ended June 28, 2024 and June 30, 2023, 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 71,176 and 46,501 for the three months ended June 28, 2024 and June 30, 2023, respectively, and 71,776 and 51,813 for the nine months ended June 28, 2024 and June 30, 2023, respectively. Dividends per share Dividends per share for the three and nine month periods ended June 28, 2024 and June 30, 2023 were as follows: Three Months Ended Nine months ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Dividends declared per common share: Class A $ 0.33 $ 0.31 $ 0.99 $ 0.93 Class B $ 0.30 $ 0.28 $ 0.90 $ 0.85

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS	9 Months Ended
	Jun. 28, 2024
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 2023 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 404,593 shares of the Company’s Class A common stock available for future grant to non-employee directors and key executives at June 28, 2024. Share awards previously made under the Company's 2012 Non-Employee Director Stock Ownership Plan and its 2010 Long-Term Stock Incentive Plan, which no longer allow 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 nine months ended June 28, 2024 related to the Company’s stock ownership plans is as follows: Shares Weighted Average Non-vested stock at September 29, 2023 61,242 $ 66.48 Non-vested stock grants 36,108 49.65 Restricted stock vested (19,863) 63.20 Forfeitures (7,237) 62.36 Non-vested stock at June 28, 2024 70,250 59.18 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 2,330 and 2,289 during the nine month periods ended June 28, 2024 and June 30, 2023, respectively. Stock compensation expense, net of forfeitures, related to non-vested stock was $398 and $172 for the three month periods ended June 28, 2024 and June 30, 2023, respectively, and $1,148 and $1,117 for the nine month periods ended June 28, 2024 and June 30, 2023, respectively. Unrecognized compensation cost related to non-vested stock as of June 28, 2024 was $2,085, which amount will be amortized to expense through December 2027 or adjusted for changes in future estimated or actual forfeitures. The fair value of restricted stock vested during the nine month periods ended June 28, 2024 and June 30, 2023 was $964 and $1,029, 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 subject to satisfaction of applicable performance criteria, 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 nine months ended June 28, 2024 follows: Number of RSUs Weighted Average RSUs at September 29, 2023 68,244 $ 76.38 RSUs granted 38,054 54.20 RSUs vested (17,516) 88.49 RSU's forfeited (3,452) 65.19 RSUs at June 28, 2024 85,330 64.46 For the three months ended June 28, 2024, the Company recognized expense of $201 related to RSUs. For the nine months ended June 28, 2024, the Company recognized income of $239 related to RSUs as a result of reversing compensation expense previously recognized, due to an expectation that performance conditions won't be met for certain awards. Stock compensation expense, net of forfeitures, related to RSUs was $28 and $953 for the three and nine month periods ended June 30, 2023, respectively. Unrecognized compensation cost related to non-vested RSUs as of June 28, 2024 was $1,634, which amount will be amortized to expense through September 2026 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 2,331 and 5,324 during the nine month periods ended June 28, 2024 and June 30, 2023, respectively. The fair value of restricted stock units recognized as a tax deduction during the nine month periods ended June 28, 2024 and June 30, 2023 was $1,171 and $2,555, 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.

LEASES

LEASES	9 Months Ended
	Jun. 28, 2024
Leases [Abstract]
LEASES	LEASES The Company leases certain facilities and machinery and equipment under long-term, non-cancelable operating leases. The Company determines if an arrangement is a lease at inception. As of June 28, 2024, the Company had approximately 150 leases, with remaining terms ranging from less than one year to 16 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 right-of-use ("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 applicable 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 nine months ended June 28, 2024 and June 30, 2023 were as follows: Three months ended Nine months ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Lease Cost Operating lease costs $ 2,470 $ 2,541 $ 7,411 $ 7,480 Short-term lease costs 602 611 1,828 1,738 Variable lease costs 43 43 129 128 Total lease cost $ 3,115 $ 3,195 $ 9,368 $ 9,346 Included in the amounts in the table above was rent expense to related parties of $314 and $941 for the three and nine months ended June 28, 2024, respectively, and $314 and $942 for the three and nine months ended June 30, 2023, respectively. As of June 28, 2024, the Company did not have any finance leases or sublease agreements. Additionally, the Company does not have any leases in which it is the lessor. While the Company extended or renewed various existing leases during the quarter, there were no significant new leases entered into during the quarter ended June 28, 2024. During the second quarter of fiscal 2024, the Company entered into an agreement to obtain additional space at an existing lease site that will begin in fiscal 2025 and will result in additional estimated lease payments of approximately $2,000 over the remaining lease term, which are not included in the future minimum rental commitments below. As of June 28, 2024, the Company did not have any other significant operating lease commitments that have not yet commenced. Supplemental balance sheet, cash flow, and other information related to operating leases was as follows: Nine months ended June 28, 2024 June 30, 2023 Operating leases: Operating lease ROU assets $ 49,017 $ 53,104 Current operating lease liabilities 7,648 6,985 Non-current operating lease liabilities 43,124 47,691 Total operating lease liabilities $ 50,772 $ 54,676 Weighted average remaining lease term (in years) 11.21 11.93 Weighted average discount rate 3.22 % 3.18 % Cash paid for amounts included in the measurement of lease liabilities $ 6,884 $ 6,611 ROU assets obtained in exchange for lease liabilities $ 3,497 $ 3,421 Future minimum rental commitments under non-cancelable operating leases with an initial lease term in excess of one year at June 28, 2024 were as follows: Year Related parties included Total Remainder of 2024 $ 319 $ 2,391 2025 1,308 9,180 2026 1,348 7,471 2027 226 5,771 2028 — 3,817 Thereafter — 32,575 Total undiscounted lease payments 3,201 61,205 Less: Imputed interest (61) (10,433) Total net lease liability $ 3,140 $ 50,772

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 28, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three and nine months ended June 28, 2024 and June 30, 2023, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows: Three Months Ended Nine Months Ended (thousands, except tax rate data) June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Profit before income taxes $ 907 $ 19,822 $ 9,818 $ 47,936 Income tax (benefit) expense (715) 5,021 2,085 12,395 Effective income tax rate (78.8) % 25.3 % 21.2 % 25.9 % The decrease in the effective tax rate for the three and nine months ended June 28, 2024 compared to the three and nine months ended June 30, 2023 was primarily related to a change in the geographic mix of profits or losses from a tax perspective for the current year period, as compared to the prior year period. The Company's effective tax rate is impacted by valuation allowances in certain foreign tax jurisdictions and, as a result, changes in the geographic source of Company profits or losses between periods can, in certain instances, have varying impacts on the Company's effective tax rate during a particular period. 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 June 28, 2024 and June 30, 2023 were: June 28, 2024 June 30, 2023 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 2024 fiscal year tax expense is anticipated to be unchanged related to uncertain income tax positions.

INVENTORIES

INVENTORIES	9 Months Ended
	Jun. 28, 2024
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: June 28, September 29, June 30, Raw materials $ 107,384 $ 114,467 $ 107,899 Finished goods 115,776 147,007 127,170 $ 223,160 $ 261,474 $ 235,069 The Company’s inventory levels have been significantly impacted over recent periods in connection with swings in demand for the Company’s products and supply chain availability of certain materials and components, especially as a result of the recent COVID-19 pandemic. See below under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for additional discussion on the impact of recent fluctuations in the Company’s net sales, including changes in demand for the Company’s products, on the Company’s inventory balances.

GOODWILL

GOODWILL	9 Months Ended
	Jun. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL The changes in goodwill during the nine months ended June 28, 2024 and June 30, 2023 were as follows: June 28, 2024 June 30, 2023 Balance at beginning of period $ 11,172 $ 11,160 Amount attributable to movements in foreign currency rates (12) 26 Balance at end of period $ 11,160 $ 11,186 The Company evaluates the carrying value of goodwill for a reporting unit on an annual basis or more frequently when events and circumstances warrant such an evaluation. In conducting this analysis, the Company uses the income approach to compare the reporting unit's carrying value to its indicated fair value. Fair value is determined primarily by using a discounted cash flow methodology that requires considerable management judgment and long-term assumptions and is considered a Level 3 (unobservable) fair value determination in the fair value hierarchy (see Note 13) below.

WARRANTIES

WARRANTIES	9 Months Ended
	Jun. 28, 2024
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 nine months ended June 28, 2024 and June 30, 2023. June 28, 2024 June 30, 2023 Balance at beginning of period $ 11,741 $ 9,639 Expense accruals for warranties issued during the period 6,359 8,991 Less current period warranty claims paid 7,168 6,381 Balance at end of period $ 10,932 $ 12,249

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Jun. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES The 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	9 Months Ended
	Jun. 28, 2024
Debt Disclosure [Abstract]
INDEBTEDNESS	INDEBTEDNESS The Company had no debt outstanding at June 28, 2024, September 29, 2023, or June 30, 2023. Revolver 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 (as amended, the “Credit Agreement” or “Revolver”). The Revolver 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. On July 15, 2021, the Company entered into a First Amendment to this credit facility that extended its expiration date from November 15, 2022, to July 15, 2026. Other key provisions of the credit facility remained as outlined herein and the description herein is qualified in its entirety by the terms and conditions of the original Debt Agreement (a copy of which was filed as Exhibit 99.1 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on November 20, 2017) and the Amendment, (a copy of which was filed as Exhibit 10.1 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on July 16, 2021). For the first three quarters of fiscal 2023, the interest rate on the Revolver was based on LIBOR plus an applicable margin. Beginning in the fourth quarter of fiscal 2023, upon adoption of Topic 848, the interest rate is based on the Secured Overnight Financing Rate ("SOFR") plus an applicable margin. 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 both June 28, 2024 and June 30, 2023 were approximately 6.5% and 6.2%, 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	9 Months Ended
	Jun. 28, 2024
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 13% of the Company’s revenues for the nine month period ended June 28, 2024 were denominated in currencies other than the U.S. dollar. Approximately 5% were denominated in euros, approximately 6% were denominated in Canadian dollars and approximately 2% 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 June 28, 2024 and June 30, 2023, the Company held no foreign currency forward contracts.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 28, 2024
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 accounts receivable and accounts payable approximated their fair values at June 28, 2024, September 29, 2023 and June 30, 2023 due to the short term maturities of these instruments. See Note 14 for discussion of fair value of cash and cash equivalents. 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. During the second quarter of fiscal 2024, the Company determined that indicators of potential impairment of long-lived assets were present in the Watercraft segment, and performed an analysis of future undiscounted cash flows, which exceeded carrying value of the asset group. Therefore, it was determined there was no impairment. 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 June 28, 2024: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 27,793 $ — $ — $ 27,793 The following table summarizes the Company’s financial assets measured at fair value as of September 29, 2023: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 24,562 $ — $ — $ 24,562 The following table summarizes the Company’s financial assets measured at fair value as of June 30, 2023: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 25,304 $ — $ — $ 25,304 The effect of changes in the fair value of financial instruments on the accompanying Condensed Consolidated Statements of Operations for the three and nine month periods ended June 28, 2024 and June 30, 2023 was: Three Months Ended Nine months ended Location of income recognized in Statement of Operations June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Rabbi trust assets Other income, net $ 403 $ 1,273 $ 5,175 $ 3,881

CASH, CASH EQUIVALENTS, AND MAR

CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES	9 Months Ended
	Jun. 28, 2024
Investments, Debt and Equity Securities [Abstract]
CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES	CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES 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 cash equivalents. Cash equivalents are stated at cost which approximates market value. During the third quarter of fiscal 2023, the Company invested in marketable securities. The Company has classified all marketable securities as available-for-sale which requires the securities to be reported at estimated fair value, with unrealized gains and losses, net of tax, reported as a separate component of accumulated other comprehensive income in the Condensed Consolidated Statements of Shareholders' Equity. At June 28, 2024, cost for marketable securities was determined using the specific identification method. A summary of the amortized costs and fair values of the Company’s marketable securities at the end of the period presented is shown in the following table. All of the Company’s marketable securities are classified as Level 2, as defined by FASB ASC 820, with fair values determined using significant other observable inputs, which include quoted prices in markets that are not active, quoted prices of similar securities, recently executed transactions, broker quotations, and other inputs that are observable. The following table summarizes the Company’s marketable securities measured at fair value as of June 28, 2024: Amortized Cost Fair Value Gross unrealized gains Gross unrealized losses Fixed rate US Government Bonds $ 14,984 $ 14,975 $ — $ 9 Fixed rate Canadian Government Bonds 8,830 8,808 — 22 Total $ 23,814 $ 23,783 $ — $ 31 The following table summarizes the Company’s marketable securities measured at fair value as of September 29, 2023: Amortized Cost Fair Value Gross unrealized gains Gross unrealized losses Fixed rate US Government Bonds $ 29,749 $ 29,686 $ — $ 63 Fixed rate Canadian Government Bonds 11,121 11,021 — 100 Total $ 40,870 $ 40,707 $ — $ 163 The following table summarizes the Company’s marketable securities measured at fair value as of June 30, 2023: Amortized Cost Fair Value Gross unrealized gains Gross unrealized losses Fixed rate US Government Bonds $ 29,614 $ 29,526 $ — $ 87 Fixed rate Canadian Government Bonds 11,251 11,170 — 82 Total $ 40,865 $ 40,696 $ — $ 169 Proceeds from the maturities of available for sale securities were $19,650 and $0 for the nine month periods ended June 28, 2024 and June 30, 2023, respectively. During the third quarter of fiscal 2024, $2,220 of investments were purchased with proceeds from maturities. There were no other sales or purchases of available-for-sale securities for the nine month periods ended June 28, 2024 or June 30, 2023. No unrealized gains or losses were reclassified out of accumulated other comprehensive income during the same periods. The future contractual maturities of the marketable securities held at June 28, 2024 are as follows: $21,546 within one year, classified as Short-Term Investments on the Condensed Consolidated Balance Sheets, and $2,237 greater than one year, but less than five years, classified as Investments on the Condensed Consolidated Balance Sheets.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jun. 28, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS Recently issued accounting pronouncements In March 2024, the United States Securities and Exchange Commission (SEC) issued Final Rulemaking Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors. This release is intended to improve consistency, completeness and transparency related to climate risks and events. The disclosure requirements related to this new rule will be phased in, and effective for the Company beginning in fiscal 2027 on a prospective basis. The Company is currently evaluating the potential impact of this release on its financial statements and disclosures. In December 2023, the Financial Account Standards Board (FASB), issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this ASU are effective for the Company in fiscal 2026 on a prospective basis, with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on its disclosures. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 is intended to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses. The amendments in this ASU are effective in fiscal 2025, on a retrospective basis, with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on its financial statements and disclosures. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU covers a variety of codification topics, and the effective date for each amendment will be the date on which the SEC‘s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is currently evaluating the potential impact of this guidance on its disclosures. Recently adopted accounting pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 is intended to provide optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (LIBOR) or by another reference rate expected to be discontinued. Subsequently in December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848)—Deferral of the Sunset Date of Topic 848,

REVENUES

REVENUES	9 Months Ended
	Jun. 28, 2024
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 June 28, 2024, the right to returns asset was $1,195 and the accrued returns liability was $2,981. At June 30, 2023, the right to returns asset was $892 and the accrued returns liability was $2,263. 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 17 for required disclosures of disaggregated revenue.

SEGMENTS OF BUSINESS

SEGMENTS OF BUSINESS	9 Months Ended
	Jun. 28, 2024
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. 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 Nine Months Ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 September 29, 2023 Net sales: Fishing: Unaffiliated customers $ 130,415 $ 137,161 $ 379,242 $ 429,991 Interunit transfers 122 299 395 851 Camping: Unaffiliated customers 10,909 11,621 27,325 36,940 Interunit transfers 18 37 35 56 Watercraft Recreation: Unaffiliated customers 11,037 15,664 25,536 38,121 Interunit transfers 33 62 75 153 Diving Unaffiliated customers 19,856 22,216 54,248 61,565 Interunit transfers 5 11 15 29 Other / Corporate 255 385 621 882 Eliminations (178) (409) (520) (1,089) Total $ 172,472 $ 187,047 $ 486,972 $ 567,499 Operating profit (loss): Fishing $ 5,258 $ 18,665 $ 24,214 $ 51,358 Camping 1,474 2,039 3,541 4,863 Watercraft Recreation 557 1,483 (2,007) 1,637 Diving 898 2,733 22 4,190 Other / Corporate (8,693) (7,477) (26,483) (27,743) $ (506) $ 17,443 $ (713) $ 34,305 Total assets (end of period): Fishing $ 365,842 $ 361,071 $ 363,463 Camping 48,217 61,896 53,003 Watercraft Recreation 29,604 35,294 26,953 Diving 81,818 84,205 83,555 Other / Corporate 154,344 163,018 154,632 $ 679,825 $ 705,484 $ 681,606 Other Segment Information During the three and nine month periods ended June 28, 2024, two customers of the Company's Fishing, Camping and Watercraft Recreation segments each accounted for more than 10% of the Company's consolidated revenues, which amounted to combined net sales of approximately $41,273 and $150,166, respectively. During the three and nine month periods ended June 30, 2023, combined net sales to one customer of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $26,040 and $83,948, respectively, of the Company's consolidated revenues. During the second quarter of fiscal 2023, the Company sold the Military and Commercial Tent product lines of its Camping segment to a third party in an asset sale. The sale did not include the Eureka! brand name or the Eureka! consumer/recreational Camping business line. Subsequently, during the fourth quarter of fiscal 2023, the Company developed and approved plans to fully exit the Eureka! brand of the Camping segment, which includes liquidating all remaining consumer inventory of Eureka! branded products and winding down operations. The Company incurred expenses of approximately $4,800 in the fourth quarter of fiscal 2023 related to the wind down of the Eureka! branded business. Other costs incurred during fiscal 2024 will be expensed as incurred. During the first quarter of fiscal 2024, the Fishing segment of the Company sold a building, which resulted in a gain of approximately $1,900, which was recorded in Other income, net in the accompanying Condensed Consolidated Statements of Operations.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jun. 28, 2024
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 nine months ended June 28, 2024 were as follows: Foreign Unrealized gain (loss) on available-for sale securities Unamortized Accumulated Balance at September 29, 2023 $ 3,581 $ (121) $ (137) $ 3,323 Other comprehensive income before reclassifications 3,059 138 — 3,197 Amounts reclassified from accumulated other comprehensive income — — 10 10 Tax effects — (36) (3) (39) Balance at December 29, 2023 $ 6,640 $ (19) $ (130) $ 6,491 Other comprehensive loss before reclassifications (2,379) (24) — (2,403) Amounts reclassified from accumulated other comprehensive income — — 10 10 Tax effects — 6 (2) 4 Balance at March 29, 2024 $ 4,261 $ (37) $ (122) $ 4,102 Other comprehensive loss before reclassifications (439) 20 — (419) Amounts reclassified from accumulated other comprehensive income — — 9 9 Tax effects — (6) (3) (9) Balance at June 28, 2024 $ 3,822 $ (23) $ (116) $ 3,683 The changes in AOCI by component, net of tax, for the nine months ended June 30, 2023 were as follows: Foreign Unamortized Accumulated Balance at September 30, 2022 $ 791 $ (171) $ 620 Other comprehensive income before reclassifications 2,937 — 2,937 Amounts reclassified from accumulated other comprehensive income — 11 11 Tax effects — (3) (3) Balance at December 30, 2022 $ 3,728 $ (163) $ 3,565 Other comprehensive income before reclassifications 507 — 507 Amounts reclassified from accumulated other comprehensive income — 11 11 Tax effects — (3) (3) Balance at March 31, 2023 $ 4,235 $ (155) $ 4,080 Other comprehensive income before reclassifications 892 — 892 Amounts reclassified from accumulated other comprehensive income — 12 12 Tax effects — (3) (3) Balance at June 30, 2023 $ 5,127 $ (146) $ 4,981 The reclassifications out of AOCI for the three and nine months ended June 28, 2024 and June 30, 2023 were as follows: Three Months Ended Nine Months Ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Statement of Operations Unamortized loss on defined benefit pension plans: Amortization of loss $ 9 $ 12 $ 29 $ 34 Other income and expense Tax effects (3) (3) (8) (9) Income tax expense Total reclassifications for the period $ 6 $ 9 $ 21 $ 25

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Total reclassifications for the period	$ 1,622	$ 14,801	$ 7,733	$ 35,541

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Jun. 28, 2024
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 June 28, 2024 and June 30, 2023, and their results of operations for the three and nine month periods then ended and cash flows for the nine 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 September 29, 2023 which was filed with the Securities and Exchange Commission on December 8, 2023. Certain reclassifications have been made to prior year financial statements to conform to the current year financial statement presentation. These reclassifications had no effect on net earnings. Due to seasonal variations and other factors, some of which are described herein, the results of operations for the three and nine months ended June 28, 2024 are not necessarily indicative of the results to be expected for the Company’s full 2024 fiscal year. The current economic and business environment, including the level of demand in the consumer markets for outdoor recreation products, seasonality effects, enhancements or changes in competitor product offerings, and end consumer purchasing actions, all stemming therefrom, is beyond our control and remains highly uncertain and cannot be predicted at this time. All monetary amounts, other than share and per share amounts, are stated in thousands.
New Accounting Pronouncements	NEW ACCOUNTING PRONOUNCEMENTS Recently issued accounting pronouncements In March 2024, the United States Securities and Exchange Commission (SEC) issued Final Rulemaking Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors. This release is intended to improve consistency, completeness and transparency related to climate risks and events. The disclosure requirements related to this new rule will be phased in, and effective for the Company beginning in fiscal 2027 on a prospective basis. The Company is currently evaluating the potential impact of this release on its financial statements and disclosures. In December 2023, the Financial Account Standards Board (FASB), issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this ASU are effective for the Company in fiscal 2026 on a prospective basis, with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on its disclosures. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 is intended to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses. The amendments in this ASU are effective in fiscal 2025, on a retrospective basis, with early adoption permitted. The Company is currently evaluating the potential impact of this guidance on its financial statements and disclosures. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU covers a variety of codification topics, and the effective date for each amendment will be the date on which the SEC‘s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is currently evaluating the potential impact of this guidance on its disclosures. Recently adopted accounting pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 is intended to provide optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (LIBOR) or by another reference rate expected to be discontinued. Subsequently in December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848)—Deferral of the Sunset Date of 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 June 28, 2024, the right to returns asset was $1,195 and the accrued returns liability was $2,981. At June 30, 2023, the right to returns asset was $892 and the accrued returns liability was $2,263. 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.

EARNINGS PER SHARE (_EPS_) (Tab

EARNINGS PER SHARE (“EPS”) (Tables)	9 Months Ended
	Jun. 28, 2024
Earnings Per Share [Abstract]
Schedule of Dividends Declared	Dividends per share for the three and nine month periods ended June 28, 2024 and June 30, 2023 were as follows: Three Months Ended Nine months ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Dividends declared per common share: Class A $ 0.33 $ 0.31 $ 0.99 $ 0.93 Class B $ 0.30 $ 0.28 $ 0.90 $ 0.85

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS (Tables)	9 Months Ended
	Jun. 28, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Non-Vested Stock Activity	A summary of non-vested stock activity for the nine months ended June 28, 2024 related to the Company’s stock ownership plans is as follows: Shares Weighted Average Non-vested stock at September 29, 2023 61,242 $ 66.48 Non-vested stock grants 36,108 49.65 Restricted stock vested (19,863) 63.20 Forfeitures (7,237) 62.36 Non-vested stock at June 28, 2024 70,250 59.18
Schedule of RSU Activity	A summary of RSU activity for the nine months ended June 28, 2024 follows: Number of RSUs Weighted Average RSUs at September 29, 2023 68,244 $ 76.38 RSUs granted 38,054 54.20 RSUs vested (17,516) 88.49 RSU's forfeited (3,452) 65.19 RSUs at June 28, 2024 85,330 64.46

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Jun. 28, 2024
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense recognized in the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended June 28, 2024 and June 30, 2023 were as follows: Three months ended Nine months ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Lease Cost Operating lease costs $ 2,470 $ 2,541 $ 7,411 $ 7,480 Short-term lease costs 602 611 1,828 1,738 Variable lease costs 43 43 129 128 Total lease cost $ 3,115 $ 3,195 $ 9,368 $ 9,346
Schedule of Right of Use Assets and Lease Liabilities	Supplemental balance sheet, cash flow, and other information related to operating leases was as follows: Nine months ended June 28, 2024 June 30, 2023 Operating leases: Operating lease ROU assets $ 49,017 $ 53,104 Current operating lease liabilities 7,648 6,985 Non-current operating lease liabilities 43,124 47,691 Total operating lease liabilities $ 50,772 $ 54,676 Weighted average remaining lease term (in years) 11.21 11.93 Weighted average discount rate 3.22 % 3.18 % Cash paid for amounts included in the measurement of lease liabilities $ 6,884 $ 6,611 ROU assets obtained in exchange for lease liabilities $ 3,497 $ 3,421
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 June 28, 2024 were as follows: Year Related parties included Total Remainder of 2024 $ 319 $ 2,391 2025 1,308 9,180 2026 1,348 7,471 2027 226 5,771 2028 — 3,817 Thereafter — 32,575 Total undiscounted lease payments 3,201 61,205 Less: Imputed interest (61) (10,433) Total net lease liability $ 3,140 $ 50,772

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Jun. 28, 2024
Income Tax Disclosure [Abstract]
Schedule of Earnings Before Income Taxes, Income Tax Expense and Effective Income Tax Rate	For the three and nine months ended June 28, 2024 and June 30, 2023, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows: Three Months Ended Nine Months Ended (thousands, except tax rate data) June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Profit before income taxes $ 907 $ 19,822 $ 9,818 $ 47,936 Income tax (benefit) expense (715) 5,021 2,085 12,395 Effective income tax rate (78.8) % 25.3 % 21.2 % 25.9 %
Schedule of Tax Jurisdictions of Entities with Valuation Allowances	The significant tax jurisdictions that have a valuation allowance for the periods ended June 28, 2024 and June 30, 2023 were: June 28, 2024 June 30, 2023 Indonesia Indonesia Switzerland Switzerland

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Jun. 28, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at the end of the respective periods consisted of the following: June 28, September 29, June 30, Raw materials $ 107,384 $ 114,467 $ 107,899 Finished goods 115,776 147,007 127,170 $ 223,160 $ 261,474 $ 235,069

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Jun. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in goodwill during the nine months ended June 28, 2024 and June 30, 2023 were as follows: June 28, 2024 June 30, 2023 Balance at beginning of period $ 11,172 $ 11,160 Amount attributable to movements in foreign currency rates (12) 26 Balance at end of period $ 11,160 $ 11,186

WARRANTIES (Tables)

WARRANTIES (Tables)	9 Months Ended
	Jun. 28, 2024
Product Warranties Disclosures [Abstract]
Schedule of Warranty Activity	The following table summarizes the Company’s warranty activity for the nine months ended June 28, 2024 and June 30, 2023. June 28, 2024 June 30, 2023 Balance at beginning of period $ 11,741 $ 9,639 Expense accruals for warranties issued during the period 6,359 8,991 Less current period warranty claims paid 7,168 6,381 Balance at end of period $ 10,932 $ 12,249

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jun. 28, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured at Fair Value	The following table summarizes the Company’s financial assets measured at fair value as of June 28, 2024: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 27,793 $ — $ — $ 27,793 The following table summarizes the Company’s financial assets measured at fair value as of September 29, 2023: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 24,562 $ — $ — $ 24,562 The following table summarizes the Company’s financial assets measured at fair value as of June 30, 2023: Level 1 Level 2 Level 3 Total Assets: Rabbi trust assets $ 25,304 $ — $ — $ 25,304
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 nine month periods ended June 28, 2024 and June 30, 2023 was: Three Months Ended Nine months ended Location of income recognized in Statement of Operations June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Rabbi trust assets Other income, net $ 403 $ 1,273 $ 5,175 $ 3,881

CASH, CASH EQUIVALENTS, AND M_2

CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES (Tables)	9 Months Ended
	Jun. 28, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Securities	The following table summarizes the Company’s marketable securities measured at fair value as of June 28, 2024: Amortized Cost Fair Value Gross unrealized gains Gross unrealized losses Fixed rate US Government Bonds $ 14,984 $ 14,975 $ — $ 9 Fixed rate Canadian Government Bonds 8,830 8,808 — 22 Total $ 23,814 $ 23,783 $ — $ 31 The following table summarizes the Company’s marketable securities measured at fair value as of September 29, 2023: Amortized Cost Fair Value Gross unrealized gains Gross unrealized losses Fixed rate US Government Bonds $ 29,749 $ 29,686 $ — $ 63 Fixed rate Canadian Government Bonds 11,121 11,021 — 100 Total $ 40,870 $ 40,707 $ — $ 163 The following table summarizes the Company’s marketable securities measured at fair value as of June 30, 2023: Amortized Cost Fair Value Gross unrealized gains Gross unrealized losses Fixed rate US Government Bonds $ 29,614 $ 29,526 $ — $ 87 Fixed rate Canadian Government Bonds 11,251 11,170 — 82 Total $ 40,865 $ 40,696 $ — $ 169

SEGMENTS OF BUSINESS (Tables)

SEGMENTS OF BUSINESS (Tables)	9 Months Ended
	Jun. 28, 2024
Segment Reporting [Abstract]
Schedule of Operations by Business Unit	A summary of the Company’s operations by business segment is presented below: Three Months Ended Nine Months Ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 September 29, 2023 Net sales: Fishing: Unaffiliated customers $ 130,415 $ 137,161 $ 379,242 $ 429,991 Interunit transfers 122 299 395 851 Camping: Unaffiliated customers 10,909 11,621 27,325 36,940 Interunit transfers 18 37 35 56 Watercraft Recreation: Unaffiliated customers 11,037 15,664 25,536 38,121 Interunit transfers 33 62 75 153 Diving Unaffiliated customers 19,856 22,216 54,248 61,565 Interunit transfers 5 11 15 29 Other / Corporate 255 385 621 882 Eliminations (178) (409) (520) (1,089) Total $ 172,472 $ 187,047 $ 486,972 $ 567,499 Operating profit (loss): Fishing $ 5,258 $ 18,665 $ 24,214 $ 51,358 Camping 1,474 2,039 3,541 4,863 Watercraft Recreation 557 1,483 (2,007) 1,637 Diving 898 2,733 22 4,190 Other / Corporate (8,693) (7,477) (26,483) (27,743) $ (506) $ 17,443 $ (713) $ 34,305 Total assets (end of period): Fishing $ 365,842 $ 361,071 $ 363,463 Camping 48,217 61,896 53,003 Watercraft Recreation 29,604 35,294 26,953 Diving 81,818 84,205 83,555 Other / Corporate 154,344 163,018 154,632 $ 679,825 $ 705,484 $ 681,606

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 28, 2024
Equity [Abstract]
Schedule of Changes in AOCI by Component	The changes in Accumulated Other Comprehensive Income (“AOCI”) by component, net of tax, for the nine months ended June 28, 2024 were as follows: Foreign Unrealized gain (loss) on available-for sale securities Unamortized Accumulated Balance at September 29, 2023 $ 3,581 $ (121) $ (137) $ 3,323 Other comprehensive income before reclassifications 3,059 138 — 3,197 Amounts reclassified from accumulated other comprehensive income — — 10 10 Tax effects — (36) (3) (39) Balance at December 29, 2023 $ 6,640 $ (19) $ (130) $ 6,491 Other comprehensive loss before reclassifications (2,379) (24) — (2,403) Amounts reclassified from accumulated other comprehensive income — — 10 10 Tax effects — 6 (2) 4 Balance at March 29, 2024 $ 4,261 $ (37) $ (122) $ 4,102 Other comprehensive loss before reclassifications (439) 20 — (419) Amounts reclassified from accumulated other comprehensive income — — 9 9 Tax effects — (6) (3) (9) Balance at June 28, 2024 $ 3,822 $ (23) $ (116) $ 3,683 The changes in AOCI by component, net of tax, for the nine months ended June 30, 2023 were as follows: Foreign Unamortized Accumulated Balance at September 30, 2022 $ 791 $ (171) $ 620 Other comprehensive income before reclassifications 2,937 — 2,937 Amounts reclassified from accumulated other comprehensive income — 11 11 Tax effects — (3) (3) Balance at December 30, 2022 $ 3,728 $ (163) $ 3,565 Other comprehensive income before reclassifications 507 — 507 Amounts reclassified from accumulated other comprehensive income — 11 11 Tax effects — (3) (3) Balance at March 31, 2023 $ 4,235 $ (155) $ 4,080 Other comprehensive income before reclassifications 892 — 892 Amounts reclassified from accumulated other comprehensive income — 12 12 Tax effects — (3) (3) Balance at June 30, 2023 $ 5,127 $ (146) $ 4,981
Schedule of Reclassifications Out of AOCI	The reclassifications out of AOCI for the three and nine months ended June 28, 2024 and June 30, 2023 were as follows: Three Months Ended Nine Months Ended June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Statement of Operations Unamortized loss on defined benefit pension plans: Amortization of loss $ 9 $ 12 $ 29 $ 34 Other income and expense Tax effects (3) (3) (8) (9) Income tax expense Total reclassifications for the period $ 6 $ 9 $ 21 $ 25

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Receivables [Abstract]
Allowances for doubtful accounts receivable	$ 649	$ 907	$ 902

EARNINGS PER SHARE (_EPS_) (Det

EARNINGS PER SHARE (“EPS”) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
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%
Undistributed earnings, basic	$ 0		$ 0
Undistributed earnings, diluted	$ 0		$ 0
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)	69,044	64,654	67,429	64,258
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)	71,176	46,501	71,776	51,813
Class A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends declared per common share (in USD per share)	$ 0.33	$ 0.31	$ 0.99	$ 0.93
Class B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends declared per common share (in USD per share)	$ 0.30	$ 0.28	$ 0.90	$ 0.85

STOCK-BASED COMPENSATION AND _3

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Mar. 02, 2017	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)		404,593		404,593
Award performance period (in years)				3 years
Employee stock purchase plan, purchase price (in percent)	85%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Bonus achievement target level (in percent)				80%
Bonus payout as a percentage of target award				50%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Bonus achievement target level (in percent)				120%
Bonus payout as a percentage of target award				150%
Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan shares issued (in shares)		4,937	5,401	4,937	5,401
Non-Vested Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares tendered for tax withholding (in shares)				2,330	2,289
Stock-based compensation expense (income), net of forfeitures		$ 398	$ 172	$ 1,148	$ 1,117
Unrecognized stock-based compensation expense		2,085		2,085
Fair value of vested restricted stock				$ 964	1,029
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 (income), net of forfeitures		201	28	$ (239)	953
Unrecognized stock-based compensation expense		1,634		1,634
Fair value of vested restricted stock				$ 1,171	$ 2,555
Shares tendered back to company (in shares)				2,331	5,324
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
Employee Stock | Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense (income), net of forfeitures		$ (25)	$ 18	$ 83	$ 72

STOCK-BASED COMPENSATION AND _4

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS - Schedule of Non-Vested Stock Activity (Details) - Non-Vested Stock	9 Months Ended
	Jun. 28, 2024 $ / shares shares
Number of RSUs
Beginning balance (in shares) | shares	61,242
Non-vested stock grants (in shares) | shares	36,108
Restricted stock vested (in shares) | shares	(19,863)
Forfeitures (share) | shares	(7,237)
Ending balance (in shares) | shares	70,250
Weighted Average Grant Price
Beginning balance (in USD per share) | $ / shares	$ 66.48
Non-vested stock grants (in USD per share) | $ / shares	49.65
Restricted stock vested (in USD per share) | $ / shares	63.20
Forfeitures (in USD per share) | $ / shares	62.36
Ending balance (in USD per share) | $ / shares	$ 59.18

STOCK-BASED COMPENSATION AND _5

STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS - Schedule of RSU Activity (Details) - Restricted Stock Units (RSUs)	9 Months Ended
	Jun. 28, 2024 $ / shares shares
Number of RSUs
Beginning balance (in shares) | shares	68,244
RSUs granted (in shares) | shares	38,054
RSUs vested (in shares) | shares	(17,516)
RSU's forfeited (in shares) | shares	(3,452)
Ending balance (in shares) | shares	85,330
Weighted Average Grant Price
Beginning balance (in USD per share) | $ / shares	$ 76.38
RSUs granted (in USD per share) | $ / shares	54.20
RSUs vested (in USD per share) | $ / shares	88.49
RSUs forfeited (in USD per share) | $ / shares	65.19
Ending balance (in USD per share) | $ / shares	$ 64.46

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 28, 2024 USD ($) contract	Jun. 30, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Number of contracts | contract			150
Estimated lease payments	$ 2
Affiliated Entity
Lessee, Lease, Description [Line Items]
Operating lease, cost	$ 314	$ 314	$ 941	$ 942
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)	16 years		16 years

LEASES - Schedule of Components

LEASES - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Lease Cost
Operating lease costs	$ 2,470	$ 2,541	$ 7,411	$ 7,480
Short-term lease costs	602	611	1,828	1,738
Variable lease costs	43	43	129	128
Total lease cost	$ 3,115	$ 3,195	$ 9,368	$ 9,346

LEASES - Schedule of Right of U

LEASES - Schedule of Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Sep. 29, 2023
Operating leases:
Operating lease ROU assets	$ 49,017	$ 53,104	$ 50,746
Current operating lease liabilities	7,648	6,985	7,009
Non-current operating lease liabilities	43,124	47,691	$ 45,335
Total operating lease liabilities	$ 50,772	$ 54,676
Weighted average remaining lease term (in years)	11 years 2 months 15 days	11 years 11 months 4 days
Weighted average discount rate	3.22%	3.18%
Cash paid for amounts included in the measurement of lease liabilities	$ 6,884	$ 6,611
ROU assets obtained in exchange for lease liabilities	$ 3,497	$ 3,421

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Finance Leases, After Adoption of 842:
Remainder of 2024	$ 2,391
2025	9,180
2026	7,471
2027	5,771
2028	3,817
Thereafter	32,575
Total undiscounted lease payments	61,205
Less: Imputed interest	(10,433)
Total net lease liability	50,772	$ 54,676
Affiliated Entity
Finance Leases, After Adoption of 842:
Remainder of 2024	319
2025	1,308
2026	1,348
2027	226
2028	0
Thereafter	0
Total undiscounted lease payments	3,201
Less: Imputed interest	(61)
Total net lease liability	$ 3,140

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Profit before income taxes	$ 907	$ 19,822	$ 9,818	$ 47,936
Income tax (benefit) expense	$ (715)	$ 5,021	$ 2,085	$ 12,395
Effective income tax rate	(78.80%)	25.30%	21.20%	25.90%

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 107,384	$ 114,467	$ 107,899
Finished goods	115,776	147,007	127,170
Inventories	$ 223,160	$ 261,474	$ 235,069

GOODWILL - (Details)

GOODWILL - (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Goodwill [Roll Forward]
Balance at beginning of period	$ 11,172	$ 11,160
Amount attributable to movements in foreign currency rates	(12)	26
Balance at end of period	$ 11,160	$ 11,186

WARRANTIES (Details)

WARRANTIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 11,741	$ 9,639
Expense accruals for warranties issued during the period	6,359	8,991
Less current period warranty claims paid	7,168	6,381
Balance at end of period	$ 10,932	$ 12,249

INDEBTEDNESS (Details)

INDEBTEDNESS (Details) - USD ($)	9 Months Ended
	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Debt outstanding	$ 0	$ 0	$ 0
Financial Standby Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	67,000		$ 78,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 125,000,000
Interest rate (in percent)	6.50%		6.20%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Margin percentage	1%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Margin percentage	1.75%
Unsecured Revolving Credit Facilities At Foreign Subsidiaries
Debt Instrument [Line Items]
Unsecured revolving credit facilities	$ 0		$ 0
Revolvers Borrowing Capacity Standard | Revolving Credit Facility
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	9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Derivative [Line Items]
Number of derivative instruments held	0	0
Geographic Concentration Risk | Revenue Benchmark | Euro
Derivative [Line Items]
Percent of revenues in foreign currency	5%
Geographic Concentration Risk | Revenue Benchmark | Canadian Dollars
Derivative [Line Items]
Percent of revenues in foreign currency	6%
Geographic Concentration Risk | Revenue Benchmark | Hong Kong, Dollars
Derivative [Line Items]
Percent of revenues in foreign currency	2%
Geographic Concentration Risk | Revenue Benchmark | Product
Derivative [Line Items]
Percent of revenues in foreign currency	13%

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Financial Assets Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	$ 27,793	$ 24,562	$ 25,304
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	27,793	24,562	25,304
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 - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Effect of Changes in the Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Rabbi trust assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Other income, net	$ 403	$ 1,273	$ 5,175	$ 3,881

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment	$ 0
Nonrecurring
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

CASH, CASH EQUIVALENTS, AND M_3

CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES - Schedule of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 23,814	$ 40,870	$ 40,865
Fair Value	23,783	40,707	40,696
Gross unrealized gains	0	0	0
Gross unrealized losses	31	163	169
Fixed rate US Government Bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	14,984	29,749	29,614
Fair Value	14,975	29,686	29,526
Gross unrealized gains	0	0	0
Gross unrealized losses	9	63	87
Fixed rate Canadian Government Bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	8,830	11,121	11,251
Fair Value	8,808	11,021	11,170
Gross unrealized gains	0	0	0
Gross unrealized losses	$ 22	$ 100	$ 82

CASH, CASH EQUIVALENTS, AND M_4

CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 28, 2024	Jun. 28, 2024	Jun. 30, 2023	Sep. 29, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds from maturities of available-for-sale securities		$ 19,650	$ 0
Investments purchased	$ 2,220	2,220	40,696
Proceeds from sale of available-for-sale securities		0	0
Purchases of available-for-sale securities		0	0
Unrealized gain (loss) on available-for-sale securities, net of tax		0	0
Short term investments	21,546	21,546	26,651	$ 26,764
Investments	$ 2,237	$ 2,237	$ 14,045	$ 13,943

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 28, 2024	Sep. 29, 2023	Jun. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue, financing component	one year or less
Accrued customer programs	$ 4,347	$ 3,774	$ 5,174
Accrued Discounts And Returns
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract with customer, asset	1,195		892
Accrued customer programs	$ 2,981		$ 2,263

SEGMENTS OF BUSINESS - Schedule

SEGMENTS OF BUSINESS - Schedule of Operations by Business Unit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023	Sep. 29, 2023
Segment Reporting Information [Line Items]
Net sales	$ 172,472	$ 187,047	$ 486,972	$ 567,499
Operating profit (loss)	(506)	17,443	(713)	34,305
Total assets (end of period)	679,825	705,484	679,825	705,484	$ 681,606
Unaffiliated customers | Fishing
Segment Reporting Information [Line Items]
Net sales	130,415	137,161	379,242	429,991
Operating profit (loss)	5,258	18,665	24,214	51,358
Total assets (end of period)	365,842	361,071	365,842	361,071	363,463
Unaffiliated customers | Camping
Segment Reporting Information [Line Items]
Net sales	10,909	11,621	27,325	36,940
Operating profit (loss)	1,474	2,039	3,541	4,863
Total assets (end of period)	48,217	61,896	48,217	61,896	53,003
Unaffiliated customers | Watercraft Recreation
Segment Reporting Information [Line Items]
Net sales	11,037	15,664	25,536	38,121
Operating profit (loss)	557	1,483	(2,007)	1,637
Total assets (end of period)	29,604	35,294	29,604	35,294	26,953
Unaffiliated customers | Diving
Segment Reporting Information [Line Items]
Net sales	19,856	22,216	54,248	61,565
Operating profit (loss)	898	2,733	22	4,190
Total assets (end of period)	81,818	84,205	81,818	84,205	83,555
Interunit transfers
Segment Reporting Information [Line Items]
Net sales	(178)	(409)	(520)	(1,089)
Interunit transfers | Fishing
Segment Reporting Information [Line Items]
Net sales	122	299	395	851
Interunit transfers | Camping
Segment Reporting Information [Line Items]
Net sales	18	37	35	56
Interunit transfers | Watercraft Recreation
Segment Reporting Information [Line Items]
Net sales	33	62	75	153
Interunit transfers | Diving
Segment Reporting Information [Line Items]
Net sales	5	11	15	29
Other / Corporate
Segment Reporting Information [Line Items]
Net sales	255	385	621	882
Operating profit (loss)	(8,693)	(7,477)	(26,483)	(27,743)
Total assets (end of period)	$ 154,344	$ 163,018	$ 154,344	$ 163,018	$ 154,632

SEGMENTS OF BUSINESS - Narrativ

SEGMENTS OF BUSINESS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 28, 2024	Dec. 29, 2023	Sep. 29, 2023	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 172,472			$ 187,047	$ 486,972	$ 567,499
Gain on sale of assets					1,874	6,488
Fishing | Operating Segments
Segment Reporting Information [Line Items]
Net sales	130,415			137,161	379,242	429,991
Gain on sale of assets		$ 1,900
Outdoor Equipment | Operating Segments
Segment Reporting Information [Line Items]
Wind down expenses incurred			$ 4,800
Two customers | Revenue from Contract with Customer, Segment Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Net sales	$ 41,273				$ 150,166
One customer | Revenue from Contract with Customer, Segment Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Net sales				$ 26,040		$ 83,948

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Changes in AOCI by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Mar. 29, 2024	Dec. 29, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			$ 499,737
Other comprehensive income (loss) before reclassifications		$ (2,403)	3,197		$ 507	$ 2,937
Amounts reclassified from accumulated other comprehensive income		10	10		11	11
Tax effects		4	(39)		(3)	(3)
Balance, end of period	$ 498,669			$ 520,444
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	4,102	6,491	3,323	4,080	3,565	620
Other comprehensive income (loss) before reclassifications	(419)			892
Amounts reclassified from accumulated other comprehensive income	9			12
Tax effects	(9)			(3)
Balance, end of period	3,683	4,102	6,491	4,981	4,080	3,565
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	4,261	6,640	3,581	4,235	3,728	791
Other comprehensive income (loss) before reclassifications	(439)	(2,379)	3,059	892	507	2,937
Amounts reclassified from accumulated other comprehensive income	0	0	0	0	0	0
Tax effects	0	0	0	0	0	0
Balance, end of period	3,822	4,261	6,640	5,127	4,235	3,728
Unrealized gain (loss) on available-for sale securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(37)	(19)	(121)
Other comprehensive income (loss) before reclassifications		(24)	138
Amounts reclassified from accumulated other comprehensive income		0	0
Tax effects		6	(36)
Balance, end of period		(37)	(19)
Unamortized Loss on Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(122)	(130)	(137)	(155)	(163)	(171)
Other comprehensive income (loss) before reclassifications	0	0	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	9	10	10	12	11	11
Tax effects	(3)	(2)	(3)	(3)	(3)	(3)
Balance, end of period	$ (116)	$ (122)	$ (130)	$ (146)	$ (155)	$ (163)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Reclassifications Out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of loss	$ 327	$ 1,174	$ 7,468	$ 10,939
Tax effects	715	(5,021)	(2,085)	(12,395)
Total reclassifications for the period	1,622	14,801	7,733	35,541
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	9	12	29	34
Tax effects	(3)	(3)	(8)	(9)
Total reclassifications for the period	$ 6	$ 9	$ 21	$ 25