Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 9

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 9
---
 of March 28, 2025 was $2,369, which amount will be amortized to expense through December 2027 or adjusted for changes in future estimated or actual forfeitures.The fair value of restricted stock vested during the six month periods ended March 28, 2025 and March 29, 2024 was $690 and $919, respectively.Restricted Stock UnitsAll restricted stock units (RSUs) awarded by the Company have been granted in the form of units payable in shares of Class A common stock upon vesting.  The units are valued at the fair market value of a share of Class A common stock on the date of grant and vest within one year from the date of grant for RSUs granted to directors, and subject to satisfaction of applicable performance criteria, three years from the date of grant for RSUs granted to employees.  The fair value at the date of grant is based on the number of units granted and the average of the Company’s high and low Class A common stock trading price on the date of grant or, if the Company’s Class A shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock trading price on the last preceding date on which the Company’s Class A shares traded.A summary of RSU activity for the six months ended March 28, 2025 follows: Number of RSUsWeighted AverageGrant PriceRSUs at September 27, 202484,192 $64.58 RSUs granted57,792 33.14 RSUs vested and canceled due to performance targets not being met(17,041)101.22 RSU's forfeited(3,690)54.20 RSUs at March 28, 2025121,253 44.76  Stock compensation expense, net of forfeitures, related to RSUs was $160 and $276 for the three and six month periods ended March 28, 2025, respectively.  The Company recognized income related to RSUs of $579 and $440 for the three and six month periods ended March 29, 2024, respectively, as a result of reversing compensation expense previously recognized, due to an expectation that performance conditions wouldn't be met for certain awards.  Unrecognized compensation cost related to non-vested RSUs as of March 28, 2025 was $1,596, which amount will be amortized to expense through September 2027 or adjusted for changes in