Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 27

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 27
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 at June 28, 2024$3,822 $(23)$(116)$3,683     The reclassifications out of AOCI for the three and nine months ended June 27, 2025 and June 28, 2024 were as follows: 

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IndexJOHNSON OUTDOORS INC.

Three Months EndedNine Months Ended June 27, 2025June 28, 2024June 27, 2025June 28, 2024Statement of OperationsPresentationUnamortized loss on defined benefit pension plans:    Amortization of loss$11 $10 $32 $29 Other income and expenseTax effects(2)(2)(7)(8)Income tax expenseTotal reclassifications for the period$9 $8 $25 $21  

18    ACQUISITIONS

On October 25, 2024, the Company acquired all the outstanding common stock of Endless Summer Technologies Proprietary, Ltd ("EST") and related patents and other assets used in EST's business and operations in a purchase transaction with EST's sole shareholder (the "Seller").  EST, based in Durban, South Africa, has been a long term supplier of products to the Company and it specializes in the design, development and manufacturing of scuba equipment through unique application of existing, new and emerging technologies.  The EST acquisition is included in the Company's Diving segment, and is expected to provide new innovative products, unlock synergies and enhance operating efficiencies for the Diving segment.     The approximately $12,197 acquisition cost was funded with existing cash.  Approximately $1,650 of the purchase price was paid into segregated escrow accounts which were set aside to fund (1) any potential downward purchase price adjustment tied to cash, debt and net working capital levels as of the closing or (2) potential indemnity claims that may be made by the Company against the Seller in connection with the inaccuracy of certain representations and warranties made by the Seller or related to the breach or nonperformance of certain other actions, agreements or conditions related to the acquisition, for a period of 24 months from the acquisition date.  The Company cannot estimate the probability or likelihood of bringing such an indemnity claim against the Seller or any related costs at this time.  The remaining escrow balance, if any, net of any indemnity claim then pending, will be released to the Seller once the 24