Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 65

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 65
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$5,611 $(4,357)$1,254 $4,111 $(4,107)$4 Other amortizable intangibles13,143 (11,893)1,250 12,597 (11,306)1,291 Non-amortized trademarks7,025 — 7,025 7,025 — 7,025  $25,779 $(16,250)$9,529 $23,733 $(15,413)$8,320 Impairment of Long-Lived AssetsThe Company reviews long-lived assets for impairment whenever events or changes in business circumstances, such as unplanned negative cash flow, indicate that the carrying amount of these assets may not be fully recoverable.  In such an event, the carrying amount of the asset group is compared to the future undiscounted cash flows expected to be generated by the asset group to determine if impairment exists on these assets.  If impairment is determined to exist, any related impairment loss is calculated based on the difference between the fair value and the carrying value on these assets.  During the fourth quarter of fiscal 2024, the Company determined that indicators of potential impairment of long-lived assets were present in the Watercraft and Fishing segments, and, as a result, the Company performed an analysis of future undiscounted cash flows, which exceeded the carrying value of the respective asset groups.  Therefore, it was determined there was no impairment of any long-lived assets during fiscal 2024.  During the fourth quarters of fiscal 2025 and 2023, the Company determined it was not necessary to perform an impairment analysis, as there were no events or changes in business circumstances that indicated that the carrying amount of the assets may not be fully recoverable.  Accordingly, there was no impairment of any long-lived assets during fiscal 2025 or 2023.WarrantiesThe Company provides for warranties of certain products as they are sold. Warranty reserves are estimated using standard quantitative measures based on criteria established by the Company. Estimates of costs to service its warranty obligations are based on historical experience, expectation of future conditions and known product issues.  The following table summarizes the warranty activity for the three years in the period ended October 3, 2025.Balance at September 30, 2022$9,639 Expense accruals for warranties issued during the period11,330 Less current period warranty claims paid(9,228)Balance at September 29,