Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 83

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 83
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 other jurisdictions may open an audit prior to the statute expiring that may result in adjustments to the Company’s tax filings.  At this time, an estimate of the range of the reasonably possible change cannot be made.The following tax years remain subject to examination by the Company's respective major tax jurisdictions:JurisdictionFiscal YearsUnited States2022-2025Canada2021-2025France2021-2025Germany2019-2025Italy2023-2025Switzerland2015-2025

On July 4, 2025, the One Big Beautiful Bill (OBBB) Act, which includes a broad range of tax reform provisions, was signed into law in the United States.  The Company does not believe it will have a significant impact on its estimated annual effective tax rate.  

7    EMPLOYEE BENEFITS

A majority of the Company’s full-time employees are covered by defined contribution programs. Expenses attributable to the defined contribution programs were approximately $2,136, $2,187 and $2,190 for 2025, 2024 and 2023, respectively.The Company also has a non-qualified deferred compensation plan that provides certain officers and employees the ability to defer a portion of their compensation until a later date.  The deferred amounts and earnings thereon are payable to participants, or designated beneficiaries, at specified future dates upon retirement, death or termination of employment from the Company.  The deferred compensation liability, which is reported at fair value equal to the related rabbi trust assets, and is classified as “Deferred compensation liability” on our accompanying Consolidated Balance Sheets, was approximately $30,681 and $29,092 as of October 3, 2025 and September 27, 2024, respectively.  See “Note 4 Fair Value Measurements” for additional information.

8    PREFERRED STOCK

 The Company is authorized to issue 1,000,000 shares of preferred stock in various classes and series, of which there are none currently issued and none outstanding.

F-26

9    COMMON STOCK

The number of authorized and outstanding shares of each class of the Company’s common stock at the end of the respective years was as follows: 20252024Class A, $0.05 par value:  Authorized20,000,000 20,000,000 Outstanding9,166,621 9,093,978 Class B, $0.05 par value:  Authorized3,000,000