Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 19

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 19
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 rabbi trust assets are used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan.  These assets are included in "Other assets" in the accompanying Company's Condensed Consolidated Balance Sheets, and the mark to market adjustments on the assets are recorded in “Other income, net” in the accompanying Condensed Consolidated Statements of Operations.  The offsetting deferred compensation liability is also reported at fair value as "Deferred compensation liability" in the Company's accompanying Condensed 

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IndexJOHNSON OUTDOORS INC.

Consolidated Balance Sheets. Changes in the liability are recorded in "Administrative management, finance and information systems" expense in the accompanying Condensed Consolidated Statements of Operations.Marketable SecuritiesMarketable securities are classified as available-for-sale, with fair values determined using significant other observable inputs, which include quoted prices in markets that are not active, quoted prices of similar securities, recently executed transactions, broker quotations, and other inputs that are observable. The following table summarizes the Company’s financial assets measured at fair value as of June 27, 2025:  Level 1Level 2Level 3TotalAssets:    Rabbi trust assets$28,617 $— $— $28,617 Marketable securities— 2,331 — 2,331 Total$28,617 $2,331 $— $30,948  The following table summarizes the Company’s financial assets measured at fair value as of September 27, 2024:  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 June 28, 2024:  Level 1Level 2Level 3TotalAssets:    Rabbi trust assets$27,793 $— $— $27,793 Marketable securities— 23,783 — 23,783 Total$27,793 $23,783 $— $51,576 The effect of changes in the fair value of financial instruments on the accompanying Condensed Consolidated