Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 13

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 13
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ON OUTDOORS INC.

YearRelated parties includedin totalTotalRemainder of 2025$329 $2,580 20261,348 9,308 2027226 7,473 2028— 4,882 2029— 3,534 Thereafter— 29,768 Total undiscounted lease payments1,903 57,545 Less: Imputed interest(21)(10,615)Total net lease liability$1,882 $46,930 

6    INCOME TAXES

For the three and nine months ended June 27, 2025 and June 28, 2024, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows: Three Months EndedNine Months Ended (thousands, except tax rate data)June 27, 2025June 28, 2024June 27, 2025June 28, 2024Profit (loss) before income taxes$10,500 $907 $(4,269)$9,818 Income tax expense (benefit) 2,758 (715)975 2,085 Effective income tax rate26.3 %(78.8)%(22.8)%21.2 % The change in the Company’s effective tax rate for the three months ended June 27, 2025 versus the prior year period was primarily due to the change in the geographic mix of profits or losses from a tax perspective in the current year.  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 change in the effective tax rate for the nine months ended June 27, 2025 compared to the nine months ended June 28, 2024 was primarily due to the recording of an unrecognized tax benefit and the change in the geographic mix of profits or losses from a tax perspective in the current year as compared to the prior year.  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 Company maintains valuation allowances when it is