Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 9

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 9
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 and June 28, 2024, respectively.Stock compensation expense, net of forfeitures, related to non-vested stock was $462 and $398 for the three month periods ended June 27, 2025 and June 28, 2024, respectively, and $1,278 and $1,148 for the nine month periods ended June 27, 2025 and June 28, 2024, respectively.  Unrecognized compensation cost related to non-vested stock as of June 27, 2025 was $1,907, 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 27, 2025 and June 28, 2024 was $690 and $964, respectively.Restricted Stock UnitsAll 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 27, 2025 follows: Number of RSUsWeighted AverageGrant PriceRSUs at September 27, 202484,192 $64.58 RSUs granted57,792 33.14 RSUs vested and canceled due to performance targets not being met(17,041)101.22 RSU's forfeited(3,690)54.20 RSUs at June 27, 2025121,253 44.76  The Company recognized income related to RSUs of $660 and $384 for the three and nine month periods ended June 27, 2025, respectively, as a result of reversing