Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 62

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 62
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 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.  The allowance for credit losses is included within Accounts Receivable, net in the accompanying Consolidated Balance Sheets.  The Company had no customers that individually accounted for more than 10% of the Company's trade accounts receivable.  Contractual accounts receivable was $51,686 and $44,192, with an allowance for credit losses of $1,232 and $3,543, as of October 3, 2025 and September 27, 2024, respectively.  See Note 15 "Valuation and Qualifying Accounts" for activity related to the allowance for credit losses during the year.InventoriesThe Company values inventory at the lower of cost (determined using the first-in first-out method) or net realizable value. Management’s judgment is required to determine the reserve for obsolete or excess inventory. Inventory on hand may exceed future demand either because the product is outdated or because the amount on hand is more than will be used to meet future needs. Inventory reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. The Company also considers current forecast plans, as well as market and industry conditions in establishing reserve levels. Though the Company considers these reserve balances to be adequate, changes in economic conditions, customer inventory levels or competitive conditions could have a favorable or unfavorable effect on required reserve balances.  The Company had no suppliers individually accounting for more than 10% of the Company's purchases.  Inventories at the end of the respective fiscal years consisted of the following:  October 32025September 272024Raw materials$90,993 $103,780 Finished goods79,733 106,008  $170,726 $209,788 Property, Plant and EquipmentProperty, plant and equipment are stated at cost less accumulated depreciation. Depreciation of property, plant and equipment is determined by straight-line methods over the following estimated useful lives:Property improvements5-20 yearsBuildings and improvements20-40 yearsFurniture and fixtures, equipment and computer software3-10 yearsUpon retirement or disposition of any of the foregoing types of assets, cost and the related accumulated depreciation are removed from the applicable account and any resulting gain or loss is recognized in the statements of operations.Property, plant and equipment at the end of the respective years consisted of the following:

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