Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 19

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 19
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,711  The following table summarizes the Company’s financial assets measured at fair value as of September 27, 2024:  Level 1Level 2Level 3TotalAssets:    Rabbi trust assets$29,059 $— $— $29,059 Marketable securities— 16,541 — 16,541 Total$29,059 $16,541 $— $45,600  The following table summarizes the Company’s financial assets measured at fair value as of March 29, 2024:  Level 1Level 2Level 3TotalAssets:    Rabbi trust assets$27,139 $— $— $27,139 Marketable securities— 26,071 — 26,071 Total$27,139 $26,071 $— $53,210 The effect of changes in the fair value of financial instruments on the accompanying Condensed Consolidated Statements of Operations for the three and six month periods ended March 28, 2025 and March 29, 2024 was:  Three Months EndedSix months endedLocation of income recognized in Statement of OperationsMarch 28, 2025March 29, 2024March 28, 2025March 29, 2024Rabbi trust assetsOther (expense) income, net$(1,277)$2,100 $(2,765)$4,772 

There were no assets or liabilities measured at fair value on a non-recurring basis in periods subsequent to their initial recognition for either of the six month periods ended March 28, 2025 or March 29, 2024. 

13    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.   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 March 28, 2025, cost for marketable securities was determined using the specific identification method.  A summary