EXHIBIT 21

SUBSIDIARIES OF K2 INC.



|                                                                           |  |                                                                   |   |  |       |  
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|                                                                           |  | Percentage ofVoting SecuritiesOwned orSubject to VotingControl By |  
|                                                                           |  | Company                                                           |   |  | Other |  
|Shakespeare Conductive Fibers, LLC a Delaware limited liability company    |  | 100                                                               | % |  |       |  
|K2 (Hong Kong) Ltd., a Hong Kong corporation                               |  | 100                                                               | % |  |       |  
|Shakespeare Company, LLC a Delaware limited liability company              |  | 100                                                               | % |  |       |  
|Subsidiaries of Shakespeare Company, LLC:                                  |  |                                                                   |   |  |       |  
|Sea Striker Inc., a North Carolina corporation                             |  |                                                                   |   |  | 100   | %
|Penn International, LLC, a Delaware limited liability company              |  |                                                                   |   |  | 100   | %
|Subsidiary of Penn International, LLC:                                     |  |                                                                   |   |  |       |  
|Penn Acquisition Corporation, a Delaware corporation                       |  |                                                                   |   |  | 100   | %
|Subsidiary of Penn Acquisition Corporation:                                |  |                                                                   |   |  |       |  
|Penn Fishing Tackle Mfg. Co., a Pennsylvania corporation                   |  |                                                                   |   |  | 100   | %
|Subsidiaries of Penn Fishing Tackle Mfg. Co.:                              |  |                                                                   |   |  |       |  
|Rodco, Inc., a California corporation                                      |  |                                                                   |   |  | 100   | %
|Hegins Precision Corp, a Pennsylvania corporation                          |  |                                                                   |   |  | 100   | %
|Penn Trading Limited, a British corporation                                |  |                                                                   |   |  | 100   | %
|Shakespeare All Star Acquisition LLC, a Delaware limited liability company |  |                                                                   |   |  | 100   | %
|Shakespeare (Hong Kong) Ltd., a Hong Kong corporation                      |  |                                                                   |   |  | 100   | %
|Pacific Rim Metallic Products Ltd., a Hong Kong corporation                |  |                                                                   |   |  | 100   | %
|Shakespeare Industries, Inc., a Delaware corporation                       |  |                                                                   |   |  | 100   | %
|Shakespeare Europe BV, a Netherlands corporation                           |  |                                                                   |   |  | 100   | %
|Shakespeare (Australia) Pty. Ltd., an Australian corporation               |  |                                                                   |   |  | 100   | %
|K2 Ski Sport und Mode GmbH, a German corporation                           |  |                                                                   |   |  | 100   | %
|Subsidiary of K2 Ski Sport Und Mode GmbH:                                  |  |                                                                   |   |  |       |  
|CMC Sport GmbH, a German Company                                           |  |                                                                   |   |  | 100   | %
|Shakespeare Monofilament U.K. Ltd., a British corporation                  |  | 1                                                                 | % |  | 99    | %
|Shakespeare International Ltd., a British corporation                      |  | 1                                                                 | % |  | 99    | %
|Subsidiaries of Shakespeare International Ltd.:                            |  |                                                                   |   |  |       |  
|Shakespeare Company (UK) Ltd., a British corporation                       |  |                                                                   |   |  | 100   | %
|Subsidiary of Shakespeare Company (UK) Ltd.:                               |  |                                                                   |   |  |       |  
|Expandpermit Limited, a British corporation                                |  |                                                                   |   |  | 100   | %
|Subsidiary of Expandpermit Limited:                                        |  |                                                                   |   |  |       |  
|JRC Products Limited, a British corporation                                |  |                                                                   |   |  | 100   | %
|K2 Worldwide Company, a Cayman Island corporation                          |  | 100                                                               | % |  |       |  
|Sitca Corporation, a Washington corporation                                |  | 100                                                               | % |  |       |  
|Subsidiaries of Sitca Corporation:                                         |  |                                                                   |   |  |       |  
|K-2 Corporation, an Indiana corporation                                    |  |                                                                   |   |  | 100   | %
|Subsidiaries of K-2 Corporation:                                           |  |                                                                   |   |  |       |  
|Earth Products, Inc., a California corporation                             |  |                                                                   |   |  | 100   | %
|K-2 International, Inc., an Indiana corporation                            |  |                                                                   |   |  | 100   | %
|K-2 Internet Company, LLC, a Delaware limited liability company            |  |                                                                   |   |  | 100   | %
|K2 Japan Corporation, a Japanese corporation                               |  |                                                                   |   |  | 100   | %
|Madshus A.S., a Holland corporation                                        |  |                                                                   |   |  | 100   | %
|Katin, Inc., a Delaware corporation                                        |  |                                                                   |   |  | 100   | %
|Morrow Snowboards, a Delaware corporation                                  |  |                                                                   |   |  | 100   | %



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|                                                                                                  |  | Percentage ofVoting SecuritiesOwned orSubject to VotingControl By |  
|                                                                                                  |  | Company                                                           |   |  | Other |  
|SMCA, Inc., a Minnesota corporation                                                               |  | 100                                                               | % |  |       |  
|Subsidiary of SMCA, Inc.:                                                                         |  |                                                                   |   |  |       |  
|Stearns Inc., a Minnesota corporation                                                             |  |                                                                   |   |  | 100   | %
|Subsidiaries of Stearns Inc.:                                                                     |  |                                                                   |   |  |       |  
|Sevca, LLC, a Delaware limited liability company                                                  |  |                                                                   |   |  | 100   | %
|Subsidiaries of Sevca, LLC:                                                                       |  |                                                                   |   |  |       |  
|Sevylor Europe SAS, a French company                                                              |  |                                                                   |   |  | 100   | %
|Leewards Plastics Manufacturers (Shanghai) Company Ltd, a Chinese wholly foreign owned enterprise |  |                                                                   |   |  | 100   | %
|Ride, Inc., a Washington corporation                                                              |  | 100                                                               | % |  |       |  
|Subsidiaries of Ride, Inc.:                                                                       |  |                                                                   |   |  |       |  
|K2 Corporation of Canada, a Canadian corporation                                                  |  |                                                                   |   |  | 100   | %
|Ride Snowboard Company, a Washington corporation                                                  |  |                                                                   |   |  | 100   | %
|Ride Manufacturing, Inc, a California corporation                                                 |  |                                                                   |   |  | 100   | %
|SMP Clothing, Inc., a Washington corporation                                                      |  |                                                                   |   |  | 100   | %
|Smiley Hats, Inc., a Nevada corporation                                                           |  |                                                                   |   |  | 100   | %
|Carve, Inc., a Washington corporation                                                             |  |                                                                   |   |  | 100   | %
|Preston Binding Company, a Washington corporation                                                 |  |                                                                   |   |  | 100   | %
|K2 Properties, Inc., a Delaware corporation                                                       |  | 100                                                               | % |  |       |  
|K2 Finance Company, LLC, a Delaware limited liability company                                     |  |                                                                   |   |  | 100   | %
|K2 Receivables Corporation, a Delaware corporation                                                |  | 100                                                               | % |  |       |  
|Hilton Corporate Casuals, LLC a Delaware limited liability company                                |  | 100                                                               | % |  |       |  
|Rawlings Sporting Goods Company, a Delaware corporation                                           |  | 100                                                               | % |  |       |  
|Subsidiaries of Rawlings Sporting Goods Company:                                                  |  |                                                                   |   |  |       |  
|Rawlings Canada Inc., a Canadian corporation                                                      |  |                                                                   |   |  | 100   | %
|Rawlings de Costa Rica, S.A., a Costa Rican corporation                                           |  |                                                                   |   |  | 100   | %
|Miken Sports, LLC, a Delaware limited liability company                                           |  |                                                                   |   |  | 100   | %
|K2 Snowshoes, Inc., a Delaware corporation                                                        |  | 100                                                               | % |  |       |  
|K2 Licensed Products, Inc., a Delaware corporation                                                |  | 100                                                               | % |  |       |  
|K2 Merchandising, Inc., a Delaware corporation                                                    |  | 100                                                               | % |  |       |  
|K2 (Switzerland) GmbH, a Swiss stock corporation                                                  |  | 100                                                               | % |  |       |  
|JT Sports, LLC, a Delaware limited liability company                                              |  | 100                                                               | % |  |       |  
|Ex Officio LLC, a Delaware limited liability company                                              |  | 100                                                               | % |  |       |  
|Subsidiary of Ex Officio LLC:                                                                     |  |                                                                   |   |  |       |  
|Ex Officio Internet Company, LLC, a Delaware limited liability company                            |  |                                                                   |   |  | 100   | %
|Marmot Mountain, LLC, a Delaware limited liability company                                        |  | 100                                                               | % |  |       |  
|Subsidiaries of Marmot Mountain, LLC:                                                             |  |                                                                   |   |  |       |  
|Marmot Mountain Canada Ltd., a Canadian company                                                   |  |                                                                   |   |  | 100   | %
|Marmot Mountain Europe GmbH, a German company                                                     |  |                                                                   |   |  | 100   | %
|Marmot Mountain Overseas Ltd., a Hong Kong company                                                |  |                                                                   |   |  | 100   | %
|Sports Recreation Company Ltd., a Nevada corporation                                              |  |                                                                   |   |  | 100   | %
|Marker Völkl USA, Inc., a New Hampshire corporation                                               |  | 100                                                               | % |  |       |  
|Cavoma Ltd., a Cayman Island corporation                                                          |  | 100                                                               | % |  |       |  
|Subsidiary of Cavoma Ltd.:                                                                        |  |                                                                   |   |  |       |  
|Cavoma LP, a Cayman Island limited partnership                                                    |  |                                                                   |   |  | 100   | %
|Subsidiaries of Cavoma LP:                                                                        |  |                                                                   |   |  |       |  
|Clarance S.a.r.l., a Luxembourg corporation                                                       |  |                                                                   |   |  | 100   | %
|Marker Völkl Sports Holding GmbH, a Swiss stock corporation                                       |  |                                                                   |   |  | 100   | %



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|                                                               |  |                                                                   |  |       |  
|-------------------------------------------------------------- |  | ----------------------------------------------------------------- |  | ----- | -
|                                                               |  | Percentage ofVoting SecuritiesOwned orSubject to VotingControl By | 
|                                                               |  | Company                                                           |  | Other |  
|Subsidiaries of Marker Völkl Sports Holding GmbH:              |  |                                                                   |  |       |  
|Marker- Völkl -Austria GmbH, an Austrian company               |  |                                                                   |  | 100   | %
|Rad Air AG Switzerland, a Swiss stock corporation              |  |                                                                   |  | 100   | %
|Marker Technica Völkl GmbH, a German company                   |  |                                                                   |  | 100   | %
|Zero Degree, a Swiss stock corporation                         |  |                                                                   |  | 100   | %
|Völkl GmbH, a German company                                   |  |                                                                   |  | 100   | %
|Völkl Sports GmbH & Co. KG, a German company                   |  |                                                                   |  | 100   | %
|Subsidiaries of Völkl Sports GmbH & Co. KG:                    |  |                                                                   |  |       |  
|BIL Grudstucksverwaltungs-GmbH & Co. WEDA KG, a German company |  |                                                                   |  | 100   | %
|Marker Völkl International GmbH, a Swiss company               |  |                                                                   |  | 100   | %
|Subsidiaries of Marker Völkl International GmbH:               |  |                                                                   |  |       |  
|Marker Japan, a Japanese corporation                           |  |                                                                   |  | 100   | %
|Völkl Purchase & Service GmbH, a German company                |  |                                                                   |  | 100   | %
|Marker Deutschland GmbH, a German company                      |  |                                                                   |  | 100   | %
|Subsidiary of Marker Deutschland GmbH:                         |  |                                                                   |  |       |  
|Marker CZ s.r.o., a Czech company                              |  |                                                                   |  | 100   | %
|Kompetenzzentrum Sport, Gesundheit und Technologien GmbH       |  |                                                                   |  | 11    | %