Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 94

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 94
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 matters. The Company is insured against loss for certain of these matters. Although litigation is subject to many uncertainties and the ultimate exposure with respect to these matters cannot be ascertained, management does not believe the final outcome of any pending litigation will have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company.

F-33

15    VALUATION AND QUALIFYING ACCOUNTS

 The following summarizes changes to valuation and qualifying accounts for 2025, 2024 and 2023: Balance atBeginning of YearAdditions (Deductions) Chargedto Costs andExpensesLess DeductionsBalance at End ofYearYear Ended October 3, 2025    Allowance for credit losses$3,543 $1,026 $3,337 $1,232 Reserves for inventory valuation24,796 (1)3,068 21,727 Valuation of deferred tax assets6,367 29,623 264 35,726 Reserves for sales returns4,052 1,990 3,446 2,596 Year ended September 27, 2024    Allowance for credit losses$907 $2,914 $278 $3,543 Reserves for inventory valuation18,471 10,985 4,660 24,796 Valuation of deferred tax assets7,101 320 1,054 6,367 Reserves for sales returns1,773 5,710 3,431 4,052 Year ended September 29, 2023    Allowance for credit losses$1,037 $177 $307 $907 Reserves for inventory valuation9,089 10,225 843 18,471 Valuation of deferred tax assets6,700 1,067 666 7,101 Reserves for sales returns2,200 2,448 2,875 1,773 

16    QUARTERLY FINANCIAL SUMMARY (UNAUDITED)

The following summarizes quarterly operating results for the years presented below: First QuarterSecond QuarterThird QuarterFourth Quarter(thousands, except per share data)20252024202520242025202420252024Net sales$107,649 $138,644 $168,349 $175,856 $180,655 $172,472 $135,762