Company: JOUT
Filing Date: 2025-12-12
Form Type: 10-K
Source: 0001140361-25-045348
Chunk: 69

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-12-12
Form: 10-K
Item: Item 15
Chunk 69
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 share in the future and which were not included in the fully diluted computation because they would have been anti-dilutive totaled 93,214, 70,715 and 49,531 shares for the years ended October 3, 2025, September 27, 2024 and September 29, 2023, respectively.

F-16

The following table sets forth a reconciliation of net income to dilutive earnings used in the diluted earnings per common share calculations and the computation of basic and diluted earnings per common share: 202520242023Net (loss) income$(34,294)$(26,533)$19,534 Less: Undistributed loss (earnings) reallocated to non-vested shareholders— — (122)Dilutive (loss) earnings$(34,294)$(26,533)$19,412 Weighted average common shares – Basic:   Class A9,056 9,013 8,968 Class B1,208 1,208 1,208 Dilutive restricted stock units— — 19 Weighted average common shares - Dilutive10,264 10,221 10,195 Net (loss) income per common share – Basic:   Class A$(3.35)$(2.60)$1.93 Class B$(3.35)$(2.60)$1.75 Net (loss) income per common share – Diluted:   Class A$(3.35)$(2.60)$1.90 Class B$(3.35)$(2.60)$1.90 Stock-Based CompensationStock-based compensation cost is recorded for all awards of non-vested stock and restricted stock units based on their grant-date fair value.  Stock-based compensation expense is recognized on a straight-line basis over the vesting period of each award.  See Note 10 of these Notes to Consolidated Financial Statements for information regarding the Company’s stock-based incentive plans, including non-vested stock, restricted stock units and employee stock purchase plans.Income TaxesThe Company provides for income taxes currently payable and deferred income taxes resulting from temporary differences between financial statement income/loss and taxable income/loss.  Accrued interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense.  Deferred income tax assets and liabilities are determined based on the difference between the amounts reported in the financial statements and the tax basis of assets and liabilities, using