Company: JOUT
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001140361-25-002853
Chunk: 20

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 8
Chunk 20
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4:  Level 1Level 2Level 3TotalAssets:    Rabbi trust assets$29,059 $— $— $29,059 Marketable securities— 16,541 — 16,541 Total$29,059 $16,541 $— $45,600  The following table summarizes the Company’s financial assets measured at fair value as of December 29, 2023:  Level 1Level 2Level 3TotalAssets:    Rabbi trust assets$25,818 $— $— $25,818 Marketable securities— 33,762 — 33,762 Total$25,818 $33,762 $— $59,580 The effect of changes in the fair value of financial instruments on the accompanying Condensed Consolidated Statements of Operations for the three month periods ended December 27, 2024 and December 29, 2023 was:

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IndexJOHNSON OUTDOORS INC.

  Three Months EndedLocation of income recognized in Statement of OperationsDecember 27, 2024December 29, 2023Rabbi trust assetsOther (expense) income, net$(1,488)$2,672 

There were no assets or liabilities measured at fair value on a non-recurring basis in periods subsequent to their initial recognition for either of the three month periods ended December 27, 2024 or December 29, 2023. 

13    CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES

The Company considers all short-term investments in interest bearing accounts and all securities and other instruments with an original maturity of three months or less to be cash equivalents.  Cash equivalents are stated at cost which approximates market value.   During the third quarter of fiscal 2023, the Company invested in marketable securities.  The Company has classified all marketable securities as available-for-sale which requires the securities to be reported at estimated fair value, with unrealized gains and losses, net of tax, reported as a separate component of accumulated other comprehensive income in the Condensed Consolidated Statements of Shareholders' Equity. At December 27, 2024, cost for marketable securities was determined using the specific identification method.  A summary of the amortized costs and fair values of the Company’s marketable securities at the end of the