Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 12

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 12
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$3,258 $3,118 $6,498 $6,253 Included in the amounts in the table above was rent expense to related parties of $313 and $627 for the three and six months ended March 28, 2025, respectively, and $313 and $627 for the three and six months ended March 29, 2024, respectively.As of March 28, 2025, the Company did not have any finance leases or sublease agreements.  Additionally, the Company does not have any leases in which it is the lessor.  While the Company extended or renewed various existing leases during the quarter, there were no significant new leases entered into during the quarter ended March 28, 2025.  As of March 28, 2025, the Company did not have any significant operating lease commitments that have not yet commenced.  Supplemental balance sheet, cash flow, and other information related to operating leases was as follows:Six months endedMarch 28, 2025March 29, 2024Operating leases:Operating lease ROU assets$46,978 $50,880 Current operating lease liabilities8,130 7,682 Non-current operating lease liabilities40,695 44,915 Total operating lease liabilities$48,825 $52,597 Weighted average remaining lease term (in years)10.5911.28Weighted average discount rate3.4 %3.2 %Cash paid for amounts included in the measurement of lease liabilities$5,028 $4,569 ROU assets obtained in exchange for lease liabilities$4,032 $3,276 Future minimum rental commitments under non-cancelable operating leases with an initial lease term in excess of one year at March 28, 2025 were as follows:

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IndexJOHNSON OUTDOORS INC.

YearRelated parties includedin totalTotalRemainder of 2025$657 $5,229 20261,348 9,177 2027226 7,362 2028— 4,799 2029— 3,505 Thereafter— 29,763 Total undiscounted lease payments2,231 59,835 Less: Imputed interest(29)(11,010)Total net lease liability$2,202 $48,825 

6    INCOME TAXES

For the three and six months ended March