EXHIBIT (21)



SUBSIDIARIES OF K2 INC.



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|----------------------------------------------------------------------- |  | ------------------------------------------------------------------- | - |  | ----- | -
|                                                                        |  | Percentage of Voting SecuritiesOwned or Subject toVoting Control 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:                               |  |                                                                     |   |  |       |  
|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 Hengelsport, B.V., a Dutch corporation                      |  |                                                                     |   |  | 100   | %
|Shakespeare (Australia) Pty. Ltd., an Australian corporation            |  |                                                                     |   |  | 100   | %
|K2 Ski Sport und Mode GmbH, a German corporation                        |  |                                                                     |   |  | 100   | %
|Shakespeare Monofilament U.K. Ltd., a British corporation               |  | *                                                                   | % |  | 99    | %
|Shakespeare International Ltd., a British corporation                   |  | *                                                                   | % |  | 99    | %
|Subsidiaries of Shakespeare International Ltd.:                         |  |                                                                     |   |  |       |  
|Shakespeare Company (UK) Ltd., a British corporation                    |  |                                                                     |   |  | 100   | %
|Shakespeare Monofilament U.K. Ltd., a British corporation               |  |                                                                     |   |  | *     | %
|K2 Worldwide Company, a Cayman Island corporation                       |  | 100                                                                 | % |  |       |  
|K2 Bike, Inc., a Delaware corporation                                   |  | 100                                                                 | % |  |       |  
|Sitca Corporation, a Washington corporation                             |  | 100                                                                 | % |  |       |  
|Subsidiaries of Sitca Corporation:                                      |  |                                                                     |   |  |       |  
|K-2 Corporation, an Indiana corporation                                 |  |                                                                     |   |  | 100   | %
|Subsidiaries of K-2 Corporation:                                        |  |                                                                     |   |  |       |  
|Planet Earth Skateboards, Inc., a California corporation                |  |                                                                     |   |  | 100   | %
|K-2 International, Inc., an Indiana corporation                         |  |                                                                     |   |  | 100   | %
|K2 Japan Corporation, a Japanese corporation                            |  |                                                                     |   |  | 100   | %
|Madshus A.S., a Norwegian corporation                                   |  |                                                                     |   |  | 100   | %
|Katin, Inc., a Delaware corporation                                     |  |                                                                     |   |  | 100   | %
|Morrow Snowboards, a Delaware corporation                               |  |                                                                     |   |  | 100   | %
|SMCA, Inc., a Minnesota corporation                                     |  | 100                                                                 | % |  |       |  
|Subsidiary of SMCA, Inc.:                                               |  |                                                                     |   |  |       |  
|Stearns Inc., a Minnesota corporation                                   |  |                                                                     |   |  | 100   | %
|Ride, Inc., a Washington corporation                                    |  | 100                                                                 | % |  |       |  
|Subsidiaries of Ride, Inc.:                                             |  |                                                                     |   |  |       |  
|Ride Snowboard Company, a Washington corporation                        |  |                                                                     |   |  | 100   | %
|Ride Manufacturing, Inc, a California corporation                       |  |                                                                     |   |  | 100   | %
|K2 Corporation of Canada, a Canadian 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 Funding, 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, a Canadian corporation                                 |  |                                                                     |   |  | 100   | %
|Rawlings Costa Rica, a Costa Rican corporation                          |  |                                                                     |   |  | 100   | %



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Worth, LLC, a Delaware limited liability company



|                                                                                |  |                                                                      |   |  |       |  
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|                                                                                |  | Percentage of Voting SecuritiesOwned or Subject to Voting Control By |  
|                                                                                |  | Company                                                              |   |  | Other |  
|Subsidiaries of Worth, LLC:                                                     |  | 100                                                                  | % |  |       |  
|Worth Bat Company, Inc., a Tennessee corporation                                |  |                                                                      |   |  | 100   | %
|Worth Accessories, Inc., a Tennessee corporation                                |  |                                                                      |   |  | 100   | %
|J. de Beer & Son, Inc., a Tennessee corporation                                 |  |                                                                      |   |  | 100   | %
|K2 Eyewear, LLC, a Delaware limited liability company                           |  | 100                                                                  | % |  |       |  
|K2 Snowshoes, Inc., a Delaware corporation                                      |  | 100                                                                  | % |  |       |  
|K2 Licensing & Promotions, Inc. a Delaware corporation                          |  | 100                                                                  | % |  |       |  
|K2 Merchandising, Inc. a Delaware corporation                                   |  | 100                                                                  | % |  |       |  
|Brass Eagle, LLC, a Delaware limited liability company                          |  | 100                                                                  | % |  |       |  
|Subsidiaries of Brass Eagle, LLC                                                |  |                                                                      |   |  |       |  
|Brass Eagle Mississippi, LLC, a Delaware limited liability company              |  |                                                                      |   |  | 100   | %
|JT USA LLC, a Delaware limited liability company                                |  |                                                                      |   |  | 100   | %
|Subsidiary of JT USA LLC                                                        |  |                                                                      |   |  |       |  
|JT Protective Gear LLC, a Delaware limited liability company                    |  |                                                                      |   |  | 100   | %
|Brass Eagle Challenge Park Inc., a Delaware corporation                         |  |                                                                      |   |  | 100   | %
|Subsidiary of Brass Eagle Challenge Park Inc.                                   |  |                                                                      |   |  |       |  
|Challenge Park Xtreme LLC, an Arkansas limited liability company                |  |                                                                      |   |  | 87    | %
|Subsidiary of Challenge Park Xtreme LLC                                         |  |                                                                      |   |  |       |  
|Challenge Park Entertainment Services LLC, a Delaware limited liability company |  |                                                                      |   |  | 100   | %

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|* |  | Less than 1%.
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