Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 22

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 22
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 with early adoption permitted. The Company is currently reviewing this ASU and its potential impact on its financial statements and disclosures.In March 2024, the United States Securities and Exchange Commission (SEC) issued Final Rulemaking Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors.  This release is intended to improve consistency, completeness and transparency related to climate risks and events.  The disclosure requirements related to this new rule will be phased in, and effective for the Company beginning in fiscal 2027 on a prospective basis.  The Company is currently evaluating the potential impact of this release on its financial statements and disclosures.  In December 2023, the FASB, issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.  ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax disclosures.  The amendments in this ASU are effective for the Company in fiscal 2026 on a prospective basis, with early adoption permitted.  The Company is currently evaluating the potential impact of this guidance on its financial statements and disclosures. 

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.  ASU 2023-07 is intended to improve the disclosures about a public entity's reportable segments and address requests from investors for additional, more detailed information about a reportable segment's expenses.  The amendments in this ASU are effective in fiscal 2025, and interim periods in fiscal 2026, on a retrospective basis, with early adoption permitted.  The Company does not expect this guidance to have a material effect on its financial statements and disclosures. 

15    REVENUES

Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our goods at a point in time based on shipping terms and transfer of title.  Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods.  The amount of consideration received can vary, primarily because of customer incentive or rebate arrangements.  The Company estimates variable consideration based on the expected value of total consideration to which customers are likely to be entitled based on historical experience and projected market expectations.   Included in the estimate is an assessment as to whether any variable consideration is constrained.  Revenue estimates are adjusted at the earlier