Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 37

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 37
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  Depreciation and amortization charges were $10,041 for the six month period ended March 28, 2025 compared to $9,949 for the corresponding period of the prior year.  

Investing Activities

Cash used for investing activities totaled $7,749 for the six months ended March 28, 2025 compared to cash provided by investing activities of $7,031 for the corresponding period of the prior fiscal year. Current year cash used for investing activities reflects $12,197 paid to acquire a business, partially offset by the maturity of investments of $11,826. The prior year period included proceeds from maturity of investments of $15,000, as well as proceeds from the sale of a building of $2,234.  Capital expenditures were $7,378 in the six months ended March 28, 2025, compared to $10,203 in the prior year to date period which included investments in expansion of Fishing facilities to accommodate additional production.  Any additional capital expenditures in fiscal 2025 are expected to be funded by working capital.

Financing Activities

Cash used for financing activities totaled $6,879 for the six months ended March 28, 2025 compared to $6,945 for the six month period ended March 29, 2024 and, for both periods, represents the payment of dividends and purchase of treasury stock.  The Company had no debt during either six month period ended March 28, 2025 and March 29, 2024.  See Note 11 "Indebtedness" to the accompanying Condensed Consolidated Financial Statements for additional information on our credit facilities.  

As of March 28, 2025 the Company held approximately $56,367 of cash, cash equivalents and short-term investments in bank accounts in foreign taxing jurisdictions.

Contractual Obligations and Off Balance Sheet Arrangements

The Company has contractual obligations and commitments to make future payments including under operating leases and open purchase orders.  There have been no changes outside of the ordinary course of business in the specified contractual obligations during the quarter ended March 28, 2025.

The Company utilizes letters of credit primarily as security for the payment of future claims under its workers compensation insurance.  Letters of credit outstanding were approximately $67 and $67 as of March 28, 2025 and March 29, 2024, respectively.

The Company has no other off-balance sheet arrangements.

Critical Accounting Policies and Estimates

The Company’s critical accounting