Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 81

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 81
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$21,507 The significant differences between the statutory federal tax rate and the effective income tax rates for the Company for the respective years shown below were as follows:

F-24

 202520242023Statutory U.S. federal income tax rate21.0 %21.0 %21.0 %State income tax, net of federal benefit4.6 %2.2 %3.4 %Uncertain tax positions, net of settlements2.0 %— %(0.3)%Foreign-derived intangible income ("FDII") deduction1.7 %— %(2.3)%Foreign tax rate differences(4.6)%(4.5)%2.2 %Compensation(9.0)%(3.8)%2.4 %Changes in estimates related to prior years tax return filing8.2 %(0.2)%(1.3)%Goodwill impairment— %(7.3)%— %Deferred tax asset - valuation allowance(294.4)%3.5 %1.7 %Tax Credits2.6 %1.6 %(2.5)%Other(1.7)%(1.4)%0.1 % (269.6)%11.1 %24.4 %The Company considered both positive and negative evidence in evaluating the need for a valuation allowance relating to the deferred tax assets of the U.S. tax jurisdiction. Based on projections for the U.S. tax jurisdictions the Company determined that it was more likely than not that certain deferred tax assets will not be realized and a valuation allowance balance of $25,880 was reported against the net deferred tax assets for the U.S.The Company’s net operating loss carryforwards and their expirations as of October 3, 2025 were as follows: StateForeignTotalYear of expiration   2026-2030$2,624 $13,874 $16,498 2031-20351,946 4,166 6,112 2036-20405,263 — 5,263 2041-2045994 — 994 Indefinite5,589 23,361 28,950 Total$16,416 $41,401 $57,817 The Company has tax credit carryforwards as follows: StateFederalTotalYear of expiration   2026-2030$1,158