Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 28

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 28
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 month period has lapsed.The Company is currently in the process of finalizing the fair value of the assets acquired and the liabilities assumed in this acquisition and anticipates completing the valuation of intangibles and other assets, including any final cash, debt, net working capital adjustments and the related tax effects, within this fiscal year.  The following table summarizes the provisional fair values of the assets acquired and liabilities assumed, and the resulting goodwill acquired at the date of acquisition: Recognized amounts of identifiable assets acquired and liabilities assumedAccounts receivable$245 Inventories2,261 Other current assets72 Property, plant and equipment502 Identifiable intangible assets1,439 Deferred tax asset237 Less, accounts payable and accruals(1,044)Less, other current liabilities(636)Less, long term liabilities(1,110)Total identifiable net assets1,966 Goodwill10,231 Net assets acquired$12,197 Pro forma financial information has not been presented because such amounts are not material to the unaudited condensed consolidated financial statements.

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IndexJOHNSON OUTDOORS INC.

Transaction costs incurred for the acquisition to date were approximately $635, of which approximately $135 was recognized during the nine months ended June 27, 2025, and which are included in Administrative management, finance and information systems expenses in the accompanying Condensed Consolidated Statements of Operations.

Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) includes comments and analysis relating to the results of operations and financial condition of Johnson Outdoors Inc. and its subsidiaries (collectively, the “Company”) as of and for the three and nine month periods ended June 27, 2025 and June 28, 2024.  All monetary amounts, other than share and per share amounts, are stated in thousands.

This discussion should be read in conjunction with the Condensed Consolidated Financial Statements and related notes that immediately precede this section, as well as the Company’s Annual Report on Form 10-K for the fiscal year ended September 27, 2024 which was filed with the Securities and Exchange Commission on December 11, 2024.

Forward Looking Statements

Certain matters discussed in this Form 10-Q are “forward-looking statements,” and the Company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the