Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 82

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 82
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$— $1,158 2031-2035478 — 478 2036-204034 — 34 2041-2045— — — Total$1,670 $— $1,670  A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:20252024Beginning balance$6,072 $6,096 Gross increases - tax positions in prior period— — Gross decreases - tax positions in prior period— — Gross increases - tax positions in current period465 460 Settlements— — Lapse of statute of limitations(695)(484)Ending balance$5,842 $6,072  

F-25

The total accrued interest and penalties with respect to income taxes was $2,022 and $2,014 for the years ended October 3, 2025 and September 27, 2024, respectively.  The Company’s liability for unrecognized tax benefits as of October 3, 2025 was $5,842, and if recognized, $4,934 of such amount would have an effective tax rate impact.In accordance with its accounting policy, the Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense.  Interest and penalties of $8, $101 and $47 were recorded as a component of income tax expense in the accompanying Consolidated Statements of Operations during fiscal years 2025, 2024 and 2023, respectively.The Company’s policy is to remit earnings from foreign subsidiaries only to the extent the remittance does not result in an incremental U.S. tax liability. The Company does not currently provide for the additional U.S. and foreign income taxes which would become payable upon remission of undistributed earnings of foreign subsidiaries. If all undistributed earnings were remitted, an additional income tax provision of approximately $6.1 million would have been necessary as of October 3, 2025.The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions.  The amount of unrecognized tax benefits recognized within the next twelve months may decrease due to expiration of the statute of limitations for certain years in various jurisdictions.  The Company is under examination in Germany for fiscal years 2018, 2019, 2020, and 2021 with anticipated completion next fiscal year with no material adjustments.  It is possible in the future that