10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended September 28, 2012

OR

[____] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission file number 0-16255

JOHNSON OUTDOORS INC.

(Exact name of registrant as specified in its charter)

Wisconsin	39-1536083
(State or other jurisdiction of  incorporation or organization)	(I.R.S. Employer Identification No.)

555 Main Street, Racine, Wisconsin 53403

(Address of principal executive offices, including zip code)

(262) 631-6600

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Exchange on Which Registered
Class A Common Stock, $.05 par value per share	NASDAQ Global MarketSM

Securities registered pursuant to section 12(g) of the Act:  None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes  [    ] No  [ X ]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes  [    ] No  [ X ]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes  [ X ] No  [     ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes  [ X   ] No  [     ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K, or any amendment to this Form 10-K. [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated filer,” “accelerated filer" and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):

Large Accelerated Filer	[   ]
Accelerated Filer	[X]
Non-Accelerated Filer	[   ] (do not check if a smaller reporting company)
Smaller Reporting Company	[X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes  [    ] No  [ X ]

As of November 30, 2012, 8,679,313 shares of Class A and 1,213,664 shares of Class B common stock of the registrant were outstanding. The aggregate market value of voting and non-voting common stock of the registrant held by nonaffiliates of the registrant was approximately $89,969,358 on March 30, 2012 (the last business day preceding the registrant’s most recently completed second quarter) based on approximately 3,960,699 shares of Class A common stock held by nonaffiliates. For purposes of this calculation only, shares of all voting stock are deemed to have a market value of $19.10 per share, the closing price of the Class A common stock as reported on the NASDAQ Global MarketSM on March 30, 2012. Shares of common stock held by any executive officer or director of the registrant (including all shares beneficially owned by the Johnson Family) have been excluded from this computation because such persons may be deemed to be affiliates. This determination of affiliate status is not a conclusive determination for other purposes.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Proxy Statement for the 2013 Annual Meeting of the Shareholders of the Registrant are incorporated by reference into Part III of this report.

As used in this report, the terms “we,” “us,” “our,” “Johnson Outdoors” and the “Company” mean Johnson Outdoors Inc. and its subsidiaries collectively, unless the context indicates another meaning.

TABLE OF CONTENTS	Page
Business	1
Risk Factors	8
Unresolved Staff Comments	12
Properties	13
Legal Proceedings	13
Mine Safety Disclosures	13
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	14
Selected Financial Data	16
Management’s Discussion and Analysis of Financial Condition and Results of Operations	17
Quantitative and Qualitative Disclosures about Market Risk	28
Financial Statements and Supplementary Data	28
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	28
Controls and Procedures	28
Other Information	29
Directors, and Executive Officers and Corporate Governance	29
Executive Compensation	29
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	29
Certain Relationships and Related Transactions, and Director Independence	30
Principal Accountant Fees and Services	30
Exhibits and Financial Statement Schedules	30
Signatures	31
Exhibit Index	33
Consolidated Financial Statements	F-1

Forward Looking Statements

Certain matters discussed in this Form 10-K are “forward-looking statements,” and the Company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of those safe harbor provisions. These forward-looking statements can generally be identified as such because they include phrases such as the Company “expects,” “believes,” “anticipates,” “intends” or other words of similar meaning. Similarly, statements that describe the Company’s future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which could cause actual results or outcomes to differ materially from those currently anticipated.

Factors that could affect actual results or outcomes include the matters described under the caption “Risk Factors” in Item 1A of this report and the following:  changes in economic conditions, consumer confidence levels and discretionary spending patterns in key markets; the Company’s success in implementing its strategic plan, including its targeted sales growth platforms and focus on innovation; litigation costs related to actions of and disputes with third parties, including competitors; the Company’s continued success in working capital management and cost-structure reductions; the Company’s ongoing success in meeting financial covenants in its credit agreements with its lenders; the Company’s success in integrating strategic acquisitions; the risk of future writedowns of goodwill or other long-lived assets; the ability of the Company's customers to meet payment obligations; movements in foreign currencies, interest rates or commodity costs; fluctuations in the prices of raw materials or the availability of raw materials used by the Company; the success of the Company’s suppliers and customers; the ability of the Company to deploy its capital successfully; unanticipated outcomes related to outsourcing certain manufacturing processes; unanticipated outcomes related to litigation matters; and adverse weather conditions. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this filing. The Company assumes no obligation, and disclaims any obligation, to update such forward-looking statements to reflect subsequent events or circumstances.

Trademarks

We have registered the following trademarks, which may be used in this report: Minn Kota®, Cannon®, Humminbird®, LakeMaster®, Silva®, Eureka!®, Tech4O™, Jetboil ®, Geonav®, Old Town®, Ocean Kayak™, Necky®, Extrasport®, Carlisle®, Scubapro®, UWATEC® and SUBGEAR®.

PART I

ITEM 1.        BUSINESS

Johnson Outdoors is a leading global manufacturer and marketer of branded seasonal, outdoor recreation products used primarily for fishing from a boat, diving, paddling, hiking and camping. The Company’s portfolio of well-known consumer brands has attained leading market positions due to continuous innovation, marketing excellence, product performance and quality.  Company values and culture support innovation in all areas, promoting and leveraging best practices and synergies within and across its subsidiaries to advance the Company’s strategic vision set by executive management and approved by the Board of Directors.  The Company is controlled by Helen P. Johnson-Leipold (Chairman and Chief Executive Officer), members of her family and related entities.

The Company was incorporated in Wisconsin in 1987 as successor to various businesses.

Marine Electronics

The Company’s Marine Electronic segment brands are: Minn Kota battery-powered fishing motors for quiet trolling or primary propulsion; Humminbird sonar and GPS equipment for fishfinding and navigation and Cannon downriggers for controlled-depth fishing.  In 2011, the Company acquired the LakeMaster brand of high-definition lake charts.  In 2012, the Company made a decision to extend its Humminbird brand to deep water navigation systems resulting in the discontinuation of the Geonav brand.

Marine Electronics brands and related accessories are sold across the globe, with approximately 85% of sales coming from North America through large outdoor specialty retailers, such as Bass Pro Shops and Cabela’s; large retail store chains; marine products distributors; international distributors, original equipment manufacturers (OEM) of boat brands such as Tracker, Skeeter and Ranger; and internet retailers and distributors.

Marine Electronics has achieved market share gains by focusing on product innovation, quality products and effective marketing.  Such consumer marketing and promotion activities include: product placements on fishing-related television shows; print advertising and editorial coverage in outdoor, general interest and sport magazines; professional angler and tournament sponsorships; packaging and point-of-purchase materials and offers to increase consumer appeal and sales; branded websites; social media networks; and online promotions.

Outdoor Equipment

The Company’s Outdoor Equipment segment brands are:  Eureka! consumer, commercial and military tents and accessories, sleeping bags, camping furniture and other recreational camping products; Silva field compasses and digital instruments; and Tech40 performance measurement instruments.

Eureka! consumer tents, sleeping bags, camping furniture and other recreational camping products are mid- to high-price range products sold in the U.S. and Canada through independent sales representatives, primarily to camping and backpacking specialty stores, sporting goods stores, catalog and mail order houses and through internet retailers. Marketing of the Company’s tents, sleeping bags and other recreational camping products is focused on building the Eureka! brand name and establishing the Company as a leader in tent design and innovation. The Company’s camping tents and sleeping bags are produced by third party manufacturing sources in Asia.  Eureka! camping products are sold under license in Japan, Australia and Europe.

Eureka! commercial tents include party tents and accessories, sold primarily to general rental stores, and other commercial tents and accessories sold directly to tent erectors. The Company’s commercial tent products range from 10’x10’ canopies to 120’ wide pole tents and other large scale frame structures and are primarily manufactured by the Company at the Company’s Binghamton, New York location.

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Commercial tent accessories include lighting systems, interior lining options, and mounting brackets that allow the interior of the tents to be customized to suit the occasion.  The Company believes there is a niche market for commercial tents outfitted with common, easy to use accessories.

Eureka! also designs and manufactures large, heavy-duty tents and lightweight backpacking tents for the military at its Binghamton, New York location. Tents produced for military use in the last twelve months include modular general purpose tents, rapid deployment shelters and various lightweight one and two person tents. The Company manufactures military tent accessories like fabric floors and insulated thermal liners and is also a subcontract manufacturer for other providers of military tents.

Silva field compasses are manufactured by the Company and marketed exclusively in North America where the Company owns Silva trademark rights. Tech40 digital instruments and other branded products are manufactured by third parties and are primarily sold in the North American market.

Watercraft

The Company’s Watercraft segment designs and markets Necky high performance sea touring kayaks; sit on top Ocean Kayaks; and Old Town canoes and kayaks for family recreation, touring and tripping.  With the exception of Necky fiberglass boats, these brands are manufactured at the Company’s facility in Old Town, Maine.

The Company uses a rotational molding process for manufacturing polyethylene kayaks and canoes to compete in the high volume, low and mid price range of the market. The Company uses a thermo-form molding process in the manufacturing of lower priced models.  The Company also markets canoes built from Royalex, a composite material comprising an outer layer of vinyl and hard acrylonitrile butadiene styrene plastic (ABS) and an inner layer of ABS foam bonded together by heat treatment, and wood.  The Company’s United States warehouse and distribution center for all of its Watercraft brands is also located in Old Town, Maine.

Watercraft accessory brands, including Extrasport personal flotation devices and Carlisle branded paddles, are produced primarily by third-party sources.  The Company manufactures its Pacific brand kayaks in New Zealand and contracts for manufacturing of Watercraft products with third parties in New Hampshire and the Czech Republic.

The Company’s kayaks, canoes and accessories are sold through multiple channels in the U.S., Europe and the Pacific Basin with an emphasis on independent specialty retailers and large outdoor retailers such as Bass Pro Shops and Cabela’s.

The Company’s Watercraft business competes in this segment by introducing product innovations, creating quality products and by focusing on the product-specific needs of each marketing channel.  Consumer marketing and promotion activities include: print advertising and editorial coverage in outdoor, general interest and sport magazines; direct marketing; branded websites and social media networks.

Diving

The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO and SUBGEAR brand names.

The Company markets a complete line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. SCUBAPRO diving equipment is marketed to the premium segment of the market for both diving enthusiasts and more advanced divers. SUBGEAR products are marketed to the value conscious recreational diver seeking quality and performance at an attractive price. Products are sold via select distribution to independent specialty dive stores worldwide. These specialty dive stores sell the Company’s products over the counter as well as through their own websites.  In addition, they generally provide a wide range of services to divers, including regular maintenance, product repair, diving education and travel programs.  The Company also sells diving gear to dive training centers, aquariums, resorts and armed forces around the world.

The Company focuses on maintaining and extending the SCUBAPRO brand as the market leader in innovation and quality. The SCUBAPRO brand is positioned to incorporate the Company’s latest innovations and designs.  The SUBGEAR brand benefits from sharing SCUBAPRO’s experienced research and development teams.  This two brand strategy and product positioning is driven by product feature and differentiation, price point and design.  SUBGEAR is a full line brand with an emphasis on life support and an even broader range of soft goods for the global market.  SCUBAPRO and SUBGEAR brands have been extended to include dive computers which had previously been marketed under the UWATEC brand.

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The Company’s consumer communication focuses on building brand awareness and highlighting exclusive product features and consumer benefits of the SCUBAPRO and SUBGEAR product lines. The Company’s communication and distribution strategies reinforce the SCUBAPRO brand’s position as the industry’s quality and innovation leader. The Company markets its equipment in diving magazines, via websites and through information and displays in dive specialty stores. SUBGEAR’S full line ofdive equipment and accessories compete in the mid-market on the basis of quality and performance at an affordable price.

The Company manufactures regulators, dive computers, gauges, and instruments at its Italian and Indonesian facilities.  The Company sources buoyancy compensators, neoprene goods, plastic products, proprietary materials, and other components from third parties.

Financial Information for Business Segments

As noted above, the Company has four reportable business segments. See Note 12 to the consolidated financial statements included elsewhere in this report for financial information concerning each business segment.

International Operations

See Note 12 to the consolidated financial statements included elsewhere in this report for financial information regarding the Company’s domestic and international operations. See Note 1, subheading “Foreign Operations and Related Derivative Financial Instruments,” to the consolidated financial statements included elsewhere in this report for information regarding risks related to the Company’s foreign operations.

Research and Development

The Company commits significant resources to new product research and development in each of its business segments.  Marine Electronics conducts its product research, design, engineering and software development activities at its locations in Mankato and Little Falls, Minnesota; Alpharetta, Georgia; Eufaula, Alabama; and Shanghai, China.  Diving maintains research and development facilities in Zurich, Switzerland and Casarza Ligure, Italy.  Research and development activities for Watercraft are performed in Bellingham, Washington and Old Town, Maine.  Product research, design and innovation for Outdoor Equipment products are conducted at the Company's Binghamton, New York location.

The Company expenses research and development costs as incurred, except for software development for new electronics products and bathymetry data collection and processing.  These costs are capitalized once technological feasibility is established and then amortized over the expected useful life of the software or database. The amounts expensed by the Company in connection with research and development activities for each of the last three fiscal years are set forth in the Company’s Consolidated Statements of Operations included elsewhere in this report.

Industry and Competitive Environment

The Company believes its products compete favorably on the basis of product innovation, product performance and marketing support and, to a lesser extent, price.

Marine Electronics:  Minn Kota’s main competitors in the electric trolling motors business are Motor Guide, owned by Brunswick Corporation, and private label branded motors sourced primarily from manufacturers in Asia.  Competition in this business is focused on technological innovation, product quality and durability as well as product benefits and features for fishing.

Humminbird’s main competitors in the market for on-boat electronics used in deep water (i.e. the Great Lakes and oceans)  are Raymarine, Simrad, Furuno and Garmin.  Lowrance and Garmin are Humminbird’s primary competitors for products used on freshwater inland lakes.  Competition in this business is primarily focused on the quality of sonar imaging and display, easy to use graphical interfaces as well as the integration of mapping and GPS technology.

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Cannon’s main competitors in the downrigger market are Big Jon, Walker and Scotty. Competition in this business primarily focuses on ease of operation, speed and durability.

LakeMaster’s main competitors in the lake chart market are Navionics and Jeppesen.  Competition in this business focuses primarily on quality of data and quantity of available charts for inland lakes and ocean shoreline.

Outdoor Equipment:  The Company’s outdoor equipment brands and products compete in the sporting goods and specialty segments of the outdoor equipment market. Competitive brands with a strong position in the sporting goods channel include Coleman and private label brands. The Company also competes with specialty companies such as Kelty, The North Face and Marmot on the basis of materials and innovative designs for consumers who want performance products priced at a value.

The Company’s competitors in the Commercial tent market include Anchor Industries and Aztec for tension, frame and canopy tents.  Competition in the commercial tent business is based on price, quality, structure, styling, ease of installation and technical support.

The Company sells military tents to prime vendors and third party distributors who hold supply contracts primarily with the U.S. Government.  Such supply contracts can be for commercial off-the-shelf products in addition to products required to be built to unique specifications.  Competitors in the military tent business include HDT, DHS Systems, Alaska Structures,Camel, Outdoor Venture, and Diamond Brand.

Watercraft:  The Company primarily competes in the kayak and canoe product categories of the paddlesports market. The Company’s main competitors in this market are Confluence Watersports, Pelican, Wenonah Canoe, Jackson Kayak and Legacy Paddlesports, each of which competes on the basis of their product’s design, performance, quality and price.

Diving:  The main competitors in Diving include Aqualung Group, Suunto and Mares.  Competitive advantage in the life support product category of this segment, which consists of regulators, dive computers, and buoyancy compensators, is a function of product innovation, performance, quality and safety.

Competition in the general diving product category of fins, masks, snorkels and wetsuits is characterized by low barriers to entry and numerous competitors who compete on the basis of product innovation, performance, quality and price.

Backlog

Unfilled orders for future delivery of products totaled approximately $41.7 million at September 28, 2012.  For the majority of its products, the Company’s businesses do not receive significant orders in advance of expected shipment dates, with the exception of the military tent business which has orders outstanding based on contractual agreements.

Employees

At September 28, 2012, the Company had approximately 1,100 regular, full-time employees. The Company considers its employee relations to be excellent. Temporary employees are utilized primarily to manage peaks in the seasonal manufacturing of products.

Patents, Trademarks and Proprietary Rights

The Company owns various patents covering the Humminbird Side Imagingä sonar technology used in its fishfinder products.  Side Imagingä sonar technology is used across a broad range of the Company’s Humminbird product portfolio and has been a key driver behind the brand’s growth over the past four years.  The Company also holds various patents for diving products and electric motors, amongst other products, and regularly files applications for patents.

The Company has numerous trademarks and trade names which it considers important to its business, many of which are noted in this report. Historically, the Company has vigorously defended its intellectual property rights and expects to continue to do so.

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Supply Chain and Sourcing of Materials

The Company manufactures some products that use materials that, due to geographical distance, limited supplier capacity or competing demands for such materials, are only available in a cost effective manner from a single vendor or require the Company to place orders several months in advance of required delivery.

In the past, the Company has experienced product and component shortages in its Marine Electronics and Diving businesses.  The Company mitigates such product availability and supply chain risks through purchase of safety stocks, forecast-based supply contracts, and to a lesser extent with just in time inventory deliveries or supplier-owned inventory located close to the Company’s manufacturing locations.  The Company strives to balance the businesses’ need to maintain adequate inventory levels with the cost of holding such inventory by manufacturing to forecast for high volume products, utilizing build-to-order strategies wherever possible, and by having contract manufactured products delivered to customers directly from the supplier.  The Company also seeks to manage its inventory through on-going product design and logistical initiatives with its suppliers to reduce lead times.

As military contracts require utilization of domestic suppliers, the Company is limited to key vendors for materials used in its military tent business. Interruption or loss in the availability of these materials could have a material adverse impact on the sales and operating results of the Company’s Outdoor Equipment business.

A significant driver of the delivered cost of the Company’s watercraft products is fuel prices.  The Company seeks to mitigate this cost through negotiated fuel surcharge rates with its shipping firms and by optimizing the loads and routing of its deliveries to customers.

Most of the Company’s products are made using materials that are generally in adequate supply and are available from a variety of third party suppliers.

Seasonality

The Company’s products are outdoor recreation-related, which results in seasonal variations in sales and profitability. This seasonal variability is due to customers’ increasing their inventories in the quarters ending March and June, the primary selling season for the Company’s outdoor recreation products, with lower inventory volumes during the quarters ending September and December. The Company mitigates the seasonality of its businesses somewhat by encouraging customers to purchase and take delivery of products more evenly through the year.  The following table shows, for the past three fiscal years, the total net sales and operating profit or loss of the Company for each quarter, as a percentage of the total year.

	Year Ended
	2012		2011		2010
Quarter Ended	Net Sales	Operating Profit	Net Sales	Operating Profit	Net Sales	Operating Profit
December	19%	-17%	19%	-8%	18%	-24%
March	31%	65%	32%	65%	30%	55%
June	31%	66%	30%	67%	32%	92%
September	19%	-14%	19%	-24%	20%	-23%
	100%	100%	100%	100%	100%	100%

Environment and Climate Change

The Company is subject to various supra national, federal, state and local environmental laws, ordinances, regulations, and other requirements of governmental authorities.  We believe we comply with such laws and regulations.  Expenditures on environmental compliance have not had, and we believe in the future, will not have, a material effect on the Company’s capital expenditures, earnings or competitive position.  We do not believe that any direct or indirect consequences of legislation related to climate change will have a material effect on our operating costs, facilities or products.

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Available Information

The Company maintains a website at www.johnsonoutdoors.com. On its website, the Company makes available, free of charge, its Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports, as soon as reasonably practical after the reports have been electronically filed or furnished to the Securities and Exchange Commission. In addition, the Company makes available on its website, free of charge, its (a) proxy statement for its annual meeting of shareholders; (b) Code of Business Conduct; (c) Code of Ethics for its Chief Executive Officer and Senior Financial and Accounting Officers; and (d) the charters for the following committees of the Board of Directors: Audit; Compensation; Executive; and Nominating and Corporate Governance. Except as specifically provided herein, the Company is not including the information contained on or available through its website as a part of, or incorporating such information by reference into, this Annual Report on Form 10-K. This report includes all material information about the Company that is included on the Company’s website and is otherwise required to be included in this report.  Copies of any materials the Company files with the Securities and Exchange Commission (SEC) can also be obtained free of charge through the SEC’s website at www.sec.gov.  The SEC’s Public Reference Room can be contacted at 100 F Street, N.E., Washington, D.C. 20549, or by calling 1 (800) 732-0330.

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ITEM 1A.     RISK FACTORS

The risks described below are not the only risks we face. Additional risks that we do not yet know of or that we currently think are immaterial may also impair our future business operations. If any of the events or circumstances described in the following risks actually occur, our business, financial condition or results of operations could be materially adversely affected. In such cases, the trading price of our common stock could decline.

Our net sales and profitability depend on our ability to continue to conceive, design and market products that appeal to our consumers.

Our business depends on our ability to continue to conceive, design, manufacture and market new products and upon continued market acceptance of our product offering. Rapidly changing consumer preferences and trends make it difficult to predict how long consumer demand for our existing products will continue or what new products will be successful. A decline in consumer demand for our products, our failure to develop new products on a timely basis in anticipation of changing consumer preferences or the failure of our new products to achieve and sustain consumer acceptance could reduce our net sales and profitability.

Competition in our markets could reduce our net sales and profitability.

We operate in highly competitive markets. We compete with several large domestic and foreign companies such as Brunswick, Lowrance, Garmin, Confluence and Aqualung/U.S. Divers, with private label products sold by many of our retail customers and with other producers of outdoor recreation products. Some of our competitors have longer operating histories, stronger brand recognition and greater financial, technical, marketing and other resources than us. In addition, we may face competition from new participants in our markets because the outdoor recreation product industries have limited barriers to entry. We experience price competition for our products, and competition for shelf space at retailers, all of which may increase in the future. If we cannot compete in our product markets successfully in the future, our net sales and profitability will likely decline.

General economic conditions affect the Company’s results.

Our revenues are affected by economic conditions and consumer confidence worldwide, but especially in the United States and Europe.  In times of economic uncertainty, consumers tend to defer expenditures for discretionary items, which affects demand for our products.  Moreover, our businesses are cyclical in nature, and their success is impacted by general economic conditions and specific economic conditions affecting the regions and markets we serve, the overall level of consumer confidence in the economy and discretionary income levels.  Any substantial deterioration in general economic conditions that diminish consumer confidence or discretionary income can reduce our sales and adversely affect our financial results.  Moreover, declining economic conditions create the potential for future impairments of goodwill and other intangible and long-lived assets that may negatively impact our financial condition and results of operations.  The impact of weak consumer credit markets, corporate restructurings, layoffs, continued high unemployment rates, declines in the value of investments and residential real estate, higher fuel prices and increases in federal and state taxation all can negatively affect our operating results.

Intellectual property disputes relating to our products could increase our costs.

Our industry is susceptible to litigation regarding patent infringement and infringement of other intellectual property rights. We could be either a plaintiff or a defendant in trademark, patent and/or other intellectual property infringement or misappropriation claims and claims of breach of license from time to time. The prosecution or defense of any intellectual property litigation is both costly and disruptive of the time and resources of our management, even if the claim or defense against us is without merit. We could also be required to pay substantial damages or settlement costs to resolve intellectual property litigation.

Furthermore, we may rely on trade secret law to protect technologies and proprietary information that we cannot or have chosen not to patent. Trade secrets, however, are difficult to protect. Although we attempt to maintain protection through confidentiality agreements with necessary personnel, contractors and consultants, we cannot guarantee that such contracts will not be breached. Further, confidentiality agreements may conflict with other agreements which personnel, contractors and consultants have signed with prior employers or clients. In the event of a breach of a confidentiality agreement or the divulgence of proprietary information, we may not have adequate legal remedies to maintain our trade secret protection. Litigation to determine the scope of intellectual property rights, even if ultimately successful, could be costly and could divert management’s attention away from the Company’s business.  Any of these negative events could adversely affect our profitability or operating results.

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Impairment charges could impact our future financial position and results of operations.

We test our goodwill and other long-lived assets for impairment on an annual basis or when an event occurs that might reduce the fair value of the reporting unit or applicable asset or group of assets below its carrying value. Various uncertainties, including significant adverse changes in business climate, adverse actions by regulators, unanticipated competition, loss of key customers or changes in consumer preferences could impact the expected cash flows to be generated by an asset or group of assets, and may result in an impairment of those assets.  Although any such impairment charge would be a non-cash expense, any impairment of our assets could materially increase our expenses and reduce our profitability. 

Sales of our products are seasonal, which causes our operating results to vary from quarter to quarter.

Sales of our products are seasonal. Historically, our net sales and profitability have peaked in the second and third fiscal quarters due to the buying patterns of our customers for our products. Seasonal variations in operating results may also cause us to increase our debt levels and interest expense primarily in the second and third fiscal quarters as we fund our working capital requirements.

The trading price of shares of our common stock fluctuates and investors in our common stock may experience substantial losses.

The trading price of our common stock has been volatile and may continue to be volatile in the future. The trading price of our common stock could decline or fluctuate in response to a variety of factors, including:

 ● the timing of our announcements or those of our competitors concerning significant product developments, acquisitions or financial performance;

● fluctuation in our quarterly operating results;

 ● substantial sales of our common stock;

 ● general stock market conditions; or

 ● other economic or external factors.

You may be unable to sell your stock at or above your purchase price.

A limited number of our shareholders can exert significant influence over the Company.

As of November 30, 2012, Helen P. Johnson-Leipold, members of her family and related entities (hereinafter the Johnson Family), held approximately 77% of the voting power of both classes of our common stock taken as a whole. This voting power would permit these shareholders, if they chose to act together, to exert significant influence over the outcome of shareholder votes, including votes concerning the election of directors, by-law amendments, possible mergers, corporate control contests and other significant corporate transactions.  Moreover, certain members of the Johnson Family have entered into a voting trust agreement covering approximately 96% of our outstanding class B common shares.  This voting trust agreement permits these shareholders, if they continue to choose to act together, to exert significant influence over the outcome of shareholder votes, including votes concerning the election of directors, by-law amendments, possible mergers, corporate control contests and other significant corporate transactions.

We may experience difficulties in integrating strategic acquisitions.

We have, as part of our strategy, historically pursued strategic acquisitions.  The pursuit of future growth through acquisitions, including participation in joint ventures, involves significant risks that could have a material adverse effect on our business.  Risks associated with integrating strategic acquisitions include:

 ● the acquired business may experience losses which could adversely affect our profitability;

● unanticipated costs relating to the integration of acquired businesses may increase our expenses and reduce our profitability;

 ● possible failure to obtain any necessary consents to the transfer of licenses or other agreements of the acquired company;

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 ● possible failure to maintain customer, licensor and other relationships of the acquired company after the closing of the transaction with the acquired company;

 ● difficulties in achieving planned cost savings and synergies may increase our expenses;

 ● diversion of our management’s attention could impair their ability to effectively manage our other business operations; and

 ● unanticipated management or operational problems or liabilities may adversely affect our profitability and financial condition.

We are dependent upon certain key members of management.

Our success will depend to a significant degree on the abilities and efforts of our senior management. Moreover, our success depends on our ability to attract, retain and motivate qualified management, marketing, technical and sales personnel. These people are in high demand and often have competing employment opportunities. The labor market for skilled employees is highly competitive and we may lose key employees or be forced to increase their compensation to retain these people. Employee turnover could significantly increase our training and other related employee costs. The loss of key personnel, or the failure to attract qualified personnel, could have a material adverse effect on our business, financial condition or results of operations.

Sources of and fluctuations in market prices of raw materials can affect our operating results.

The primary raw materials we use in manufacturing our products are metals, resins and packaging materials. These materials are generally available from a number of suppliers, but we have chosen to concentrate our sourcing with a limited number of vendors for each commodity or purchased component. We believe our sources of raw materials are reliable and adequate for our needs. However, the development of future sourcing issues related to the availability of these materials as well as significant fluctuations in the market prices of these materials may have an adverse effect on our financial results.

Our profitability is also affected by significant fluctuations in the prices of the raw materials we use in our products, including the effect of fluctuations in foreign currency exchange rates on raw materials and purchased components.  We may not be able to pass along any price increases in our raw materials or other component costs to our customers.  As a result, an increase in the cost of raw materials, labor or other costs associated with the manufacturing of our products could increase our costs of sales and reduce our gross margins.

Currency exchange rate fluctuations could adversely affect the Company’s results.

We have significant foreign operations, for which the functional currencies are denominated primarily in euros, Swiss francs, Japanese yen and Canadian dollars. As the values of the currencies of the foreign countries in which we have operations increase or decrease relative to the U.S. dollar, the sales, expenses, profits, losses, assets and liabilities of our foreign operations, as reported in our consolidated financial statements, increase or decrease, accordingly. Approximately 23% of our revenues for the year ended September 28, 2012 were denominated in currencies other than the U.S. dollar. Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies. We may mitigate a portion of the fluctuations in certain foreign currencies through the purchase of foreign currency swaps, forward contracts and options to hedge known commitments denominated in foreign currencies or to reduce the risk of changes in foreign currency exchange rates on foreign currency borrowings.

Because we rely on foreign suppliers and we sell products in foreign markets, we are susceptible to numerous international business risks that could increase our costs or disrupt the supply of our products.

Our international operations subject us to risks, including:

 ● economic and political instability;

 ● restrictive actions by foreign governments;

 ● opportunity costs and reputational damage related to the presence of counterfeit versions of the Company’s products in such foreign markets;

 ● greater difficulty enforcing intellectual property rights and weaker laws protecting intellectual property rights;

 ● changes in import duties or import or export restrictions;

 ● timely shipping of product and unloading of product, including the timely rail/truck delivery to our warehouses and/or a customer’s warehouse of our products;

 ● complications in complying with the laws and policies of the United States affecting the importation of goods, including duties, quotas and taxes; and

 ● complications in complying with trade and foreign tax laws.

10

Any of these risks, including the cost of compliance with trade and foreign tax laws, could disrupt the supply of our products or increase our expenses.  In particular, the uncertainty regarding the ability of certain European countries to continue to service their sovereign debt obligations and the related financial restructuring efforts by European governments may cause the value of several European currencies, including the euro, to fluctuate, which may adversely affect our non-U.S. dollar sales and earnings.  As we have manufacturing operations in Italy, a significant disruption of the political or financial systems there could put these manufacturing operations at risk, which could ultimately adversely affect our profitability or operating results.

We are subject to environmental and safety regulations.

We are subject to supra national, federal, state, local and foreign laws and other legal requirements related to the generation, storage, transport, treatment and disposal of materials as a result of our manufacturing and assembly operations. These laws include the Resource Conservation and Recovery Act (as amended), the Clean Air Act (as amended) and the Comprehensive Environmental Response, Compensation and Liability Act (as amended). We believe that our existing environmental management system is adequate and we have no current plans for substantial capital expenditures in the environmental area. We do not currently anticipate any material adverse impact on our results of operations, financial condition or competitive position as a result of our compliance with federal, state, local and foreign environmental laws or other legal requirements. However, risk of environmental liability and changes associated with maintaining compliance with environmental laws is inherent in the nature of our business and there is no assurance that material liabilities or changes would not arise.

We rely on our credit facilities to provide us with sufficient working capital to operate our business.

Historically, we have relied upon our existing credit facilities to provide us with adequate working capital to operate our business.  The availability of borrowing amounts under our revolving credit facilities is generally dependent upon the amount and quality of the accounts receivable and inventory collateralizing our credit facilities.  As a result, the bankruptcy of a major customer could have a significant negative impact on the availability of borrowing amounts under our revolving credit facilities.  If our lenders reduce or terminate our access to amounts under our credit facilities, we may not have sufficient capital to fund our working capital needs and/or we may need to secure additional capital or financing to fund our working capital requirements or to repay outstanding debt under our credit facilities.  We can make no assurance that we will be successful in ensuring our availability of amounts under our credit facilities or in connection with raising additional capital and that any amount, if raised, will be sufficient to meet our cash flow requirements.  If we are not able to maintain our borrowing availability under our credit facilities and/or raise additional capital when needed, we may be forced to sharply curtail our efforts to manufacture and promote the sale of our products or to curtail our operations.  Ultimately, we may be forced to cease operations.

Our debt covenants may limit our ability to complete acquisitions, incur debt, make investments, sell assets, merge or complete other significant transactions.

Our credit facilities and certain other of our debt instruments include limitations on a number of our activities, including our ability to:

 ● incur additional debt;

 ● create liens on our assets or make guarantees;

 ● make certain investments or loans;

 ● pay dividends; or

 ● dispose of or sell assets, make acquisitions above certain amounts or enter into a merger or similar transaction.

Our credit facilities also contain a number of financial covenants.  The restrictive covenants in our credit facilities may limit our ability to engage in acts that may be in our best long term interests.  A breach of any of the restrictive covenants in our credit facilities could result in a default under these facilities.  If a default occurs, the lenders under our credit facilities may elect to declare all outstanding borrowings, together with accrued interest, to be immediately due and payable, to terminate any commitments they have to provide further borrowings and to exercise any other rights they have under the facilities or applicable law.

11

Our shares of common stock are thinly traded and our stock price may be volatile.

Because our common stock is thinly traded, its market price may fluctuate significantly more than the stock market in general or the stock prices of similar companies, which are exchanged, listed or quoted on NASDAQ. We believe there are 3,958,699 shares of our Class A common stock held by non-affiliates as of November 30, 2012. Thus, our common stock will be less liquid than the stock of companies with broader public ownership, and as a result, the trading price for our shares of common stock may be more volatile. Among other things, trading of a relatively small volume of our common stock may have a greater impact on the trading price for our stock than would be the case if our public float were larger.

Our business is susceptible to adverse weather conditions or events.

Our success is in part affected by adverse weather conditions, including fires, floods, tornados and other natural disasters. Such events have the tendency to create fluctuations in demand for our products which may impact our borrowing costs, increase our expenses and reduce our profitability.  Moreover, our profitability is affected by our ability to successfully manage our inventory levels and demand for our products, which, in part depends upon the efficient operation of our production and delivery systems. These systems are vulnerable to damage or interruption from the aforementioned natural disasters.  Such natural disasters could adversely impact our ability to meet delivery requirements of our customers, which may result in our need to incur extra costs to expedite production and delivery of product to meet customer demand. Any of these events could negatively impact our profitability.

ITEM 1A.      UNRESOLVED STAFF COMMENTS

Not Applicable

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ITEM 2.          PROPERTIES

The Company maintains leased and owned manufacturing, warehousing, distribution and office facilities throughout the world. The Company believes that its facilities are well maintained and have capacity adequate to meet its current needs.

See Note 5 to the consolidated financial statements included elsewhere in this report for a discussion of the Company’s lease obligations.

As of September 28, 2012, the Company’s principal manufacturing (identified with an asterisk) and other locations are:

Alpharetta, Georgia (Marine Electronics)

Antibes, France (Diving)

Barcelona, Spain (Diving)

Batam, Indonesia* (Diving and Outdoor Equipment)

Bellingham, Washington (Watercraft)

Binghamton, New York* (Outdoor Equipment)

Brignais, France (Watercraft)

Brussels, Belgium (Diving)

Burlington, Ontario, Canada (Marine Electronics, Outdoor Equipment, Watercraft)

Casarza Ligure, Italy* (Diving)

Chai Wan, Hong Kong (Diving)

Chatswood, Australia (Diving)

El Cajon, California (Diving)

Eufaula, Alabama* (Marine Electronics)

Little Falls, Minnesota* (Marine Electronics)

Mankato, Minnesota* (Marine Electronics)

Napier, New Zealand* (Watercraft)

Old Town, Maine* (Watercraft)

Shanghai, China (Marine Electronics)

Silverdale, New Zealand* (Watercraft)

Viareggio, Italy (Marine Electronics)

Wendelstein, Germany (Diving)

Yokahama, Japan (Diving)

Zurich, Switzerland (Diving)

The Company’s corporate headquarters is located in a leased facility in Racine, Wisconsin.

ITEM 3.           LEGAL PROCEEDINGS

See Note 13 to the consolidated financial statements included elsewhere in this report for a discussion of legal proceedings.

ITEM 4.           MINE SAFETY DISCLOSURES

None.

13

PART II

ITEM 5.          MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF

                        EQUITY SECURITIES

Certain information with respect to this item is included in Notes 9 and 10 to the Company's consolidated financial statements included elsewhere in this report. The Company’s Class A common stock is traded on the NASDAQ Global MarketSM under the symbol: JOUT. There is no public market for the Company’s Class B common stock. However, the Class B common stock is convertible at all times at the option of the holder into shares of Class A common stock on a share for share basis. As of November 28, 2012, the Company had 705 holders of record of its Class A common stock and 30 holders of record of its Class B common stock. We believe the number of beneficial owners of our Class A common stock on that date was substantially greater.

A summary of the high and low closing prices for the Company’s Class A common stock during each quarter of the years ended September 28, 2012, September 30, 2011 and October 1, 2010 is as follows:

	First Quarter						Second Quarter						Third Quarter						Fourth Quarter
	2012			2011			2012			2011			2012			2011			2012			2011
Stock prices:
High		$	18.75		$	15.22		$	19.19		$	15.81		$	20.60		$	17.98		$	21.72		$	20.99
Low			13.73			12.16			15.35			13.00			15.60			14.57			20.16			14.60

The following limitations apply to the ability of the Company to pay dividends:

 ● Pursuant to the Company’s revolving credit and security agreement, dated September 29, 2009, as amended, the Company is limited in the amount of restricted payments (primarily dividends and repurchases of common stock) made during each fiscal year. The Company may declare, and pay, dividends in accordance with historical practices, but in no event may the aggregate amount of all dividends for any fiscal year exceed 25% of the Company’s net income for that fiscal year.

 ● The Company’s Articles of Incorporation provide that no dividend, other than a dividend payable in shares of the Company’s common stock, may be declared or paid upon the Class B common stock unless such dividend is declared or paid upon both classes of common stock. Whenever a dividend (other than a dividend payable in shares of Company common stock) is declared or paid upon any shares of Class B common stock, at the same time there must be declared and paid a dividend on shares of Class A common stock equal in value to 110% of the amount per share of the dividend declared and paid on shares of Class B common stock. Whenever a dividend is payable in shares of Company common stock, such dividend must be declared or paid at the same rate on the Class A common stock and the Class B common stock.

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Total Shareholder Return

The graph below compares on a cumulative basis the yearly percentage change since September 28, 2007 in the total return (assuming reinvestment of dividends) to shareholders on the Class A common stock with (a) the total return (assuming reinvestment of dividends) on The NASDAQ Stock Market-U.S. Index; (b) the total return (assuming reinvestment of dividends) on the Russell 2000 Index; and (c) the total return (assuming reinvestment of dividends) on a self-constructed peer group index. The peer group consists of Arctic Cat Inc., Brunswick Corporation, Callaway Golf Company, Escalade Inc., Marine Products Corporation and Nautilus, Inc. The graph assumes $100 was invested on September 28, 2007 in the Company’s Class A common stock, The NASDAQ Stock Market-U.S. Index, the Russell 2000 Index and the peer group index.

* $100 invested on September 28, 2007 in stock or index, including reinvestment of dividends. Indexes calculated on a mid-month basis.

	9/28/2007		10/3/2008		10/2/2009		10/1/2010		9/30/2011		9/28/2012
Johnson Outdoors Inc.	$	100.0	$	58.2	$	42.9	$	60.1	$	72.6	$	100.9
NASDAQ Composite		100.0		72.8		77.3		90.3		93.0		121.5
Russell 2000 Index		100.0		78.1		74.2		88.0		84.6		111.7
Peer Group		100.0		61.0		46.2		61.3		54.7		93.1

The information in this section titled “Total Shareholder Return” shall not be deemed to be “soliciting material” or “filed” with the Securities and Exchange Commission or subject to Regulation 14A or 14C promulgated by the Securities and Exchange Commission or subject to the liabilities of section 18 of the Securities Exchange Act of 1934, as amended, and this information shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

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ITEM 6.          SELECTED FINANCIAL DATA

The following table presents selected consolidated financial data, which should be read along with the Company’s consolidated financial statements and the notes to those statements and with “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in or referred to elsewhere in this report.  The Operating Results for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, and the balance sheet data as of September 28, 2012 and September 30, 2011, are derived from the Company’s audited consolidated financial statements included elsewhere herein.  The Operating Results for the years ended October 2, 2009 and October 3, 2008, and the balance sheet data as of October 1, 2010, October 2, 2009 and October 3, 2008 are derived from the Company’s audited consolidated financial statements which are not included in this report.  The historical results are not necessarily indicative of results to be expected for future periods.

	September 28			September 30			October 1		October 2			October 3
(thousands, except per share data)	2012			2011			2010		2009			2008
OPERATING RESULTS
Net sales	$	412,292		$	407,422		$	382,432	$	356,523		$	420,789
Gross profit		164,322			163,135			153,523		132,782			159,551
Impairment losses		-			-			-		697			41,007
Litigation settlement		(3,500	)		-			-		-			-
Total operating expenses		142,909			145,465			138,969		132,510			197,604
Operating profit (loss)		21,413			17,670			14,554		272			(38,053	)
Interest expense		2,258			3,220			5,057		9,949			5,695
Other (income) expense, net		(771	)		2,200			305		442			549
Income (loss) before income taxes		19,926			12,250			9,192		(10,119	)		(44,297	)
Income tax expense (benefit)		9,792			(20,394	)		2,653		(407	)		24,178
Income (loss) from discontinued operations		-			-			-		41			(2,559	)
Net income (loss)	$	10,134		$	32,644		$	6,539	$	(9,671	)	$	(71,034	)
Weighted average common shares - Dilutive		9,379			9,287			9,267		9,165			9,093
Net income (loss) per common share - Diluted:
Class A	$	1.03		$	3.36		$	0.68	$	(1.06	)	$	(7.81	)
Class B	$	1.03		$	3.36		$	0.68	$	(1.06	)	$	(7.81	)
BALANCE SHEET DATA
Current assets	$	182,952		$	176,445		$	160,128	$	142,355		$	189,714
Total assets		263,632			259,356			226,756		210,282			255,069
Current liabilities		58,967			65,000			67,015		60,841			55,389
Long-term debt, less current maturities		8,334			11,478			14,939		16,089			60,000
Total debt		8,860			14,972			23,810		31,563			60,003
Shareholders' equity	$	173,604		$	163,525		$	126,369	$	115,825		$	122,284

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ITEM 7.          MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Unless otherwise stated, all monetary amounts in this Management’s Discussion and Analysis of Financial Condition and Results of Operations, other than per share amounts, are stated in thousands.

Executive Overview

The Company designs, manufactures and markets high quality recreational products for the outdoor enthusiast. Through a combination of innovative products, strong marketing, a talented and passionate workforce and efficient distribution, the Company seeks to set itself apart from the competition. Its subsidiaries operate as a network that promotes innovation and leverages best practices and synergies, following the strategic vision set by executive management and approved by the Company’s Board of Directors.

The Company’s fiscal 2012 revenues improved by 1.2% while operating profit grew 21.2% from the prior year.  Sales reflect the year over year unfavorable impact of currency translation of 1.3%.  The increase in operating margin in the current year over the prior year was impacted in part by favorable legal and insurance settlements during the year as well as profits driven by the increased Marine Electronics sales volume and margin improvements in the Diving business. Net income of $10,134 decreased by $22,510 over fiscal 2011 due significantly to a $30,186 increase in tax expense which related primarily to the reversal of a valuation reserve for deferred tax assets in the prior year.

Results of Operations

Summary consolidated financial results from continuing operations for the fiscal years presented were as follows:

(thousands, except per share data)	2012			2011			2010
Net sales	$	412,292		$	407,422		$	382,432
Gross profit		164,322			163,135			153,523
Operating expenses		142,909			145,465			138,969
Operating profit		21,413			17,670			14,554
Interest expense		2,258			3,220			5,057
Other (income) expense, net		(771	)		2,200			305
Income tax expense (benefit)		9,792			(20,394	)		2,653
Net income		10,134			32,644			6,539

The Company's internal and external sales and operating profit (loss) by business segment are as follows:

	2012			2011			2010
Net sales:
Marine Electronics	$	231,234		$	222,115		$	185,494
Outdoor Equipment		35,328			38,882			48,690
Watercraft		58,201			57,732			64,001
Diving		87,995			89,544			85,076
Other / Eliminations		(466	)		(851	)		(829	)
Total	$	412,292		$	407,422		$	382,432
Operating profit (loss):
Marine Electronics	$	25,230		$	21,074		$	13,938
Outdoor Equipment		2,831			2,996			5,881
Watercraft		(408	)		(1,351	)		1,826
Diving		6,408			3,610			3,030
Other / Corporate		(12,648	)		(8,659	)		(10,121	)
Total	$	21,413		$	17,670		$	14,554

See Note 12 to the Consolidated Financial Statements included elsewhere in this report for the definition of segment net sales and operating profit.

17

Fiscal 2012 vs Fiscal 2011

Net Sales

Net sales in 2012 increased 1.2% to $412,292 compared to $407,422 in 2011.  The increase was driven primarily by the success of the Marine Electronics business in the U.S. which more than offset the negative effect of foreign currency translation in Diving and sluggish to declining sales in Watercraft and Outdoor Equipment.

Net sales for the Marine Electronics business increased $9,119, or 4.1% during 2012.  Innovative products such as Minn Kota’s i-Pilot wireless GPS trolling system and increased OEM sales helped fuel the growth.

Outdoor Equipment net sales decreased $3,554, or 9.1%, in 2012 primarily due to a slowdown in the consumer camping market and further declines in U.S. military spending.

The Watercraft business experienced an increase in sales of approximately 1%, or $469, due primarily to high volumes of low margin product sold to outdoor retailers and the sale of inventory to a distributor related to the closure of the UK sales office.

Net sales for the Diving business declined $1,549, or 1.7%, year over year, due primarily to $3,825, or 4.3%, of unfavorable currency translation, which more than offset increased sales in the U.S. and Asian markets.

Cost of Sales

Cost of sales was $247,970, or 60.1% of net sales on a consolidated basis for the year ended September 28, 2012 compared to $244,287 or 60.0% of net sales in the prior year.  Costs of raw materials and components increased only slightly over the prior year while increases in labor rates were largely offset by process improvement efforts in each of the businesses.

Gross Profit

Gross profit of $164,322 was 39.9% of net sales on a consolidated basis for the year ended September 28, 2012 compared to $163,135 or 40.0% of net sales in the prior year.
 

Gross profit in the Marine Electronics business increased $2,685 from the prior year due primarily to the 9.1% increase in sales volume, which was offset in part by inventory write-offs and other costs related to the closure of the European office.

Gross profit in the Outdoor Equipment business decreased $1,099 from 2011 due to decreases in sales, but increased as a percent of net sales from 36.7% in the prior year to 37.3% in 2012.  The increase in gross profit as a percentage of net sales in 2012 was largely driven by the impact of the flood in the prior year results and a favorable mix in the military tent business in the current year.

Gross profit in the Watercraft segment was $1,800 lower than 2011 levels and decreased as a percent of sales from 32.5% in 2011 to 29.2% in 2012.  The decrease in gross profit was due primarily to the mix of lower priced product as well as the closure of the U.K. sales office and the sale of its remaining inventory to a distributor at low margins.

Gross profit for the Diving segment increased by $1,363 and increased as a percentage of sales from 48.2% in 2011 to 50.6% in 2012.  The increase in margin was driven primarily by price increases implemented in the current year to address the impact of cost increases in the prior year.

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Operating Expenses

Operating expenses overall decreased from the prior year by $2,556.  The decrease was driven by a $3,500 favorable settlement with an insurance carrier that was recognized as an expense reduction in the Company’s second fiscal quarter and $2,600 of lower legal expenses, offset in part by an increase in bad debt expense, higher incentive compensation expense, and higher deferred compensation expense resulting from the increase in the market value of the non-qualified plan’s assets.

Operating expenses for the Marine Electronics segment decreased by $1,470 from 2011 levels.  The decrease was due mainly to lower legal and warranty costs offset in part by higher incentive compensation and severance costs related to the closure of the European office.

Outdoor Equipment operating expenses decreased by $934 from their levels in 2011 due primarily to the recovery of flood related losses in the current year versus flood related expenses incurred in the prior year.  See further discussion of the impact of the flooding at Note 14 to the Consolidated Financial Statements included elsewhere in this report.

The Watercraft business saw a decline in operating expenses of $2,743 from the prior year due primarily to the favorable insurance settlement of $3,500 which was partially offset by costs related to the closure of the U.K. office and restructuring activities in the U.S.  See further discussion of the impact of the insurance settlement at Note 13 to the Consolidated Financial Statements included elsewhere in this report.

Operating expenses for the Diving business decreased by $1,434 due primarily to the $1,636 favorable impact of currency translation which was offset in part by higher bad debt expense driven by the economic conditions in southern Europe.

Operating Results

The Company’s operating profit was $21,413 in 2012 compared to an operating profit of $17,670 in fiscal 2011.  Marine Electronics operating profit increased by $4,156 from the prior year. Outdoor Equipment operating profit declined year over year from $2,996 to $2,831.  The Watercraft business incurred an operating loss in 2012 of $408, compared to a loss of $1,351 in the prior year.  Diving operating profit increased $2,798 from the prior year.

Other Income and Expenses

Interest expense decreased from the prior year by $962, due largely to lower principal balances, decreases in interest rates and lower expense for amortization of interest rate swaps. Interest income was approximately $100 in both years.

Other income of $631 in fiscal 2012 compared to other expense of $2,290 in the prior year.  The current year included currency losses of $213 which were more than offset by market gains of $1,320 on deferred compensation plan assets.  In the prior year, this line item included $1,701 of currency losses and market losses of $253 on the deferred compensation plan assets.  Market gains and losses on deferred compensation plan assets recognized in Other Income and Expense are offset in full in Operating Expenses.

Pretax Income and Income Taxes

The Company realized pretax income of $19,926 in fiscal 2012, compared to pretax income of $12,250 in fiscal 2011. The Company recorded income tax expense of $9,792 in 2012 compared to $20,394 of income tax benefit in 2011.  The 2011 benefit reflected the net reduction of the Company’s deferred tax asset valuation allowance which was a result of the Company’s determination at the end of fiscal 2011 that it was more likely than not to realize the majority of its deferred tax assets.  See further discussion of the deferred tax asset valuation allowance in Note 6 to the Consolidated Financial Statements found elsewhere in this report.

Net Income

The Company recognized net income of $10,134 in fiscal 2012, or $1.03 per diluted common share, compared to net income of $32,644 in fiscal 2011, or $3.36 per diluted common share, based on the factors discussed above.

19

Fiscal 2011 vs Fiscal 2010

Net Sales

Net sales in 2011 increased 6.5% to $407,422 compared to $382,432 in 2010.  The increase was driven primarily by the success of new products in the Marine Electronics business.  Those sales, in addition to favorable foreign currency translations which positively impacted sales by $6,367 in comparison to 2010, more than offset significant declines in sales in the Outdoor Equipment and Watercraft businesses.

Net sales for the Marine Electronics business increased $36,621, or 19.7%, during 2011.  Both the Minn Kota and Humminbird brands grew by over 20% in all channels and each exceeded $100 million in sales.  The increases were primarily the result of the introduction of successful new products including Talon shallow water anchors and Humminbird Down Imaging fishfinders.

Outdoor Equipment net sales decreased $9,808 in 2011, or 20.1%, primarily due to significant reductions in military spending and the temporary closure of the Binghamton, New York facility due to the flood that occurred in September 2011.  See further discussion of the impact of the flooding at Note 14 to the Consolidated Financial Statements included elsewhere in this report.

The Watercraft business experienced a decline in sales of $6,269, or 9.8%, across all sales channels and all brands.  Both a slow start to the paddling season due to unfavorable weather conditions and overall weak demand were the primary drivers leading to the decline year over year.

The Diving business saw an increase in sales of $4,468, or 5.3% year over year, due in large part to favorable currency translation of $3,656, or 4.3% year over year, as well as wider distribution of the new SUBGEAR brand and increased SCUBAPRO demand.

Cost of Sales

Cost of sales was 60.0% of net sales on a consolidated basis for the year ended September 30, 2011 compared to $228,909 or 59.9% of net sales in 2010.  The cost of sales increase of $15,378 was primarily attributable to the increase in sales volume during 2011 as compared to 2010.

Gross Profit

Gross profit of $163,135 was 40.0% of net sales on a consolidated basis for the year ended September 30, 2011 compared to $153,523 million or 40.1% of net sales in the prior year.  The gross profit increase of $9,612 was primarily attributable to the increase in sales volume during 2011 as compared to 2010.
 

Gross profit in the Marine Electronics business increased $16,209 from 2010 due to higher sales volume.  Favorable product mix and increased efficiencies resulting from the higher sales volumes improved this segment’s gross profit as a percent of net sales from 38.1% in 2010 to 39.1% in 2011.

Gross profit in the Outdoor Equipment business decreased $3,738 from 2010, and declined as a percent of net sales from 37.0% to 36.7% in 2011 primarily due to lower volumes and the related reduced absorption of fixed costs.

Gross profit in the Watercraft segment was 32.5% of net sales in 2011 and was $3,695 lower than 2010 levels, which were equal to 35.1% of net sales.  The decrease in gross profit was due primarily to lower sales volumes and reduced absorption of fixed costs.

Gross profit for the Diving segment increased by $828 but decreased as a percentage of sales from 49.7% in 2010 to 48.2% in 2011 primarily due to increases in product and component costs.

Operating Expenses

Operating expenses increased in 2011 from 2010 by $6,497.  The increase was mainly attributable to higher direct expenses related to higher sales volumes, increased R&D spending and higher legal costs.

20

Operating expenses for the Marine Electronics segment increased by $9,073 from 2010 levels.  The increase was due mainly to increased direct expenses as the result of higher sales volumes and increased legal costs.

Outdoor Equipment operating expenses decreased by $854 from 2010 levels due primarily to lower marketing related costs which were driven by the declines in sales volume during 2011.

The Watercraft business saw a decline in operating expenses of $517 from 2010 due primarily to lower direct expenses driven by lower sales volume which were offset in part by increased freight costs.

Operating expenses for the Diving business increased by $249 due primarily to the $2,067 unfavorable impact of currency translation which was largely offset by the effects of cost reduction efforts undertaken in this segment.

Operating Results

The Company’s operating profit was $17,670 in 2011 compared to an operating profit of $14,554 in fiscal 2010.  Marine Electronics operating profit increased by $7,136 from the prior year. Outdoor Equipment operating profit declined to $2,996, half the level of 2010.  The Watercraft business incurred an operating loss in 2011 of $1,351, compared to an operating profit of $1,826 in 2010, a decline of $3,177.  Diving operating profit increased $580 from the prior year.

Other Income and Expenses

Interest expense decreased from the prior year by $1,837, due largely to lower amortization of interest rate swaps and interest rate decreases which resulted from renegotiating and amending the Company’s debt agreements during 2011. Interest income was less than $100 in both years.

Other expense of $2,290 in fiscal 2011 compared to $367 in the prior year.  The other expense in 2011 reflected currency losses of $1,701 and market losses of $382 on deferred compensation plan assets.  In the 2010, this line item included $1,175 of currency losses offset in part by market gains of $730 on the deferred compensation plan assets.

Pretax Income and Income Taxes

The Company realized pretax income of $12,250 in fiscal 2011, compared to pretax income of $9,192 in fiscal 2010. The Company recorded an income tax benefit of $20,394 in 2011 compared to $2,653 of income tax expense in 2010.  The 2011 income tax benefit reflected the net reduction of its deferred tax asset valuation allowance which was due primarily to the Company’s determination at the end of fiscal 2011 that it was more likely than not to realize the majority of its deferred tax assets.  See further discussion of the deferred tax asset valuation allowance in Note 6 to the Consolidated Financial Statements found elsewhere in this report.

Net Income

The Company recognized net income of $32,644 in fiscal 2011, or $3.36 per diluted common share, compared to net income of $6,539 in fiscal 2010, or $0.68 per diluted common share, based on the factors discussed above.

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Financial Condition, Liquidity and Capital Resources

The Company’s cash flows from operating, investing and financing activities, as reflected in the accompanying Consolidated Statements of Cash Flows, are summarized in the following table:

(thousands)	2012			2011			2010
Cash (used for) provided by:
Operating activities	$	31,764		$	30,980		$	19,751
Investing activities		(10,789	)		(13,323	)		(9,271	)
Financing activities		(5,256	)		(8,648	)		(7,572	)
Effect of foreign currency rate changes on cash		(1,329	)		2,189			2,513
Increase in cash and cash equivalents	$	14,390		$	11,198		$	5,421

Operating Activities

The following table sets forth the Company’s working capital position at the end of each of the years shown:

(thousands, except share data)	2012		2011
Current assets	$	182,952	$	176,445
Current liabilities		58,967		65,000
Working capital	$	123,985		111,445
Current ratio	3.1:1		2.7:1

Cash flows provided by operations totaled $31,764, $30,980 and $19,751 in fiscal 2012, 2011 and 2010, respectively. The most significant drivers in the increase in cash flows from operations over the past two years were increases in income and decreases in accounts receivable.

Depreciation and amortization charges were $11,882, $10,877 and $9,977 in fiscal 2012, 2011 and 2010, respectively.

Investing Activities

Cash flows used for investing activities were $10,789, $13,323 and $9,271 in fiscal 2012, 2011 and 2010, respectively.  The purchase of Waypoint Technologies Inc. and Pro Map Technologies Inc., the maker of LakeMaster® brand high definition electronic lake charts used $3,969 of cash in fiscal 2011.  Expenditures for property, plant and equipment were $12,032, $9,367 and $9,966 in fiscal 2012, 2011 and 2010, respectively. In general, the Company’s ongoing capital expenditures are primarily related to tooling for new products and facilities and information systems improvements.

Financing Activities

The following table sets forth the Company’s debt and capital structure at the end of the past two fiscal years:

(thousands, except share data)	2012			2011
Current debt	$	526		$	3,494
Long-term debt		8,334			11,478
Total debt		8,860			14,972
Shareholders' equity		173,604			163,525
Total capitalization	$	182,464			178,497
Total debt to total capitalization		4.9	%		8.4	%

Cash flows used for financing activities totaled $5,256 in fiscal 2012 compared to $8,648 in 2011 and $7,572 in 2010.  Payments on long-term debt were $6,112, $1,292, and $594 in fiscal 2012, 2011 and 2010, respectively.

The Company had current maturities of its long-term debt of $526 and $3,494 as of September 28, 2012 and September 30, 2011, respectively, and no outstanding borrowings on its revolving credit facilities as of the end of either fiscal year.  The Company had outstanding borrowings on long-term debt (net of current maturities) of $8,334 and $11,478 as of September 28, 2012 and September 30, 2011, respectively.

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The Company’s term loans have a maturity date of September 29, 2029.  Each term loan requires monthly payments of principal and interest. Interest on the aggregate outstanding amount of the term loans is based on the prime rate plus an applicable margin.  The interest rate in effect on the term loans was 5.25% at September 28, 2012.

The term loans are guaranteed in part under the United States Department of Agriculture Rural Development program and are secured with a first priority lien on land, buildings, machinery and equipment of the Company’s domestic subsidiaries and a second lien on working capital and certain patents and trademarks of the Company and its subsidiaries.  Any proceeds from the sale of secured property are first applied against the related term loans and then against the Revolvers.

The aggregate term loan borrowings are subject to a pre-payment penalty.  The penalty is currently 8% of the pre-payment amount, and the penalty will decrease by 1% annually on the anniversary date of the effective date of the loan agreement.

On November 16, 2010, the Company and certain of its subsidiaries entered into amendments to their Revolving Credit Agreements (or “Revolvers”).  The amended terms of the Revolvers, maturing on November 16, 2014, provide for funding of up to $75,000, with an accordion feature that provides the Company with the option to increase the maximum seasonal financing availability by $25,000 subject to the approval of the lenders. Borrowing availability under the Revolvers is based on certain eligible working capital assets, primarily accounts receivable and inventory of the Company and its subsidiaries. The Revolvers contain a seasonal line reduction that reduces the maximum amount of borrowings to $50,000 during the period from mid-July to mid-November, consistent with the Company's reduced working capital needs throughout that period, and requires an annual seasonal pay down provision that reduces the borrowing capacity to $30,000 for 60 consecutive days.  The amendments to the Revolvers reset the interest rate calculation each quarter,  by instituting an applicable margin based on the Company’s leverage ratio for the trailing twelve month period.  The applicable margin ranges from 2.25% to 3.0%.

The interest rate on the Revolvers is based on LIBOR or the prime rate, at the Company’s discretion, plus an applicable margin.  The interest rate in effect on the Revolvers at September 28, 2012, based primarily on LIBOR, was approximately 2.50%.

The Revolvers are secured with a first priority lien on working capital assets and certain patents and trademarks of the Company and its subsidiaries and a second priority lien on land, buildings, machinery and equipment of the Company’s domestic subsidiaries.  As cash collections related to secured assets are applied against the balance outstanding under the Revolvers, the liability is classified as current.  The Company’s remaining borrowing availability under the Revolvers was approximately $28,100 at September 28, 2012.

Under the terms of the Revolvers, the Company is required to comply with certain financial and non-financial covenants.  Among other restrictions, the Company is restricted in its ability to pay dividends, incur additional debt and make acquisitions or divestitures above certain amounts.  The key financial covenants include a minimum fixed charge coverage ratio, limits on minimum net worth and EBITDA, a limit on capital expenditures, and, as noted above, a seasonal pay-down requirement.

See Note 2 to the Consolidated Financial Statements found elsewhere in this report regarding additional information on the Company’s borrowing arrangements, including certain amendments entered into by the Company and certain of its subsidiaries in connection with the Company’s Revolvers.

As of September 28, 2012, the Company held approximately $46,400 of cash and cash equivalents in bank accounts in foreign taxing jurisdictions.

23

Contractual Obligations and Off Balance Sheet Arrangements

The Company has contractual obligations and commitments to make future payments under its existing credit facilities, including interest, operating leases and open purchase orders.  The following schedule details these significant contractual obligations at September 28, 2012.

	Total		Less than 1 year		2-3 years		4-5 years		After 5 years
Long-term debt	$	8,860	$	526	$	873	$	755	$	6,706
Short-term debt		-		-		-		-		-
Operating lease obligations		20,809		6,127		8,777		4,774		1,131
Open purchase orders		60,551		60,551		-		-		-
Contractually obligated interest payments		4,370		436		821		747		2,366
Total contractual obligations	$	94,590	$	67,640	$	10,471	$	6,276	$	10,203

The Company utilizes letters of credit primarily as security for the payment of future claims under its workers’ compensation insurance. Letters of credit outstanding at September 28, 2012 were $1,401 compared to $2,103 on September 30, 2011 and were included in the Company’s total loan availability.  The Company had no unsecured revolving credit facilities at its foreign subsidiaries as of September 28, 2012.  The Company had no unsecured lines of credit as of September 28, 2012.

The Company has no other off-balance sheet arrangements.

The Company anticipates making contributions to its defined benefit pension plans of $1,140 through September 27, 2013.

On November 14, 2012, subsequent to the end of the Company’s most recent fiscal year the Company acquired all of the outstanding common and preferred stock of Jetboil, Inc. (“Jetboil”).  Jetboil, founded and based in Manchester, New Hampshire, designs and manufactures the world’s top brand of outdoor cooking systems.  The approximately $16,000 acquisition was funded with existing cash and credit facilities.  The Company believes that sales of Jetboil’s innovative cooking products can be expanded through the Company’s global marketing and distribution network and both companies will benefit from an increased presence in the outdoor Specialty trade channel.  The Jetboil acquisition will be included in the Company’s Outdoor Equipment segment.  The Company anticipates that Jetboil will contribute approximately $10,000 of sales and $1,500 of operating profit to fiscal 2013 results.

The Company is currently in the process of determining the fair value of the assets acquired and the liabilities assumed in this business combination.

Market Risk Management

Foreign Exchange Risk

The Company has significant foreign operations, for which the functional currencies are denominated primarily in euros, Swiss francs, Japanese yen and Canadian dollars. As the values of the currencies of the foreign countries in which the Company has operations increase or decrease relative to the U.S. dollar, the sales, expenses, profits, losses, assets and liabilities of the Company’s foreign operations, as reported in the Company’s consolidated financial statements, increase or decrease, accordingly. Approximately 23% of the Company’s revenues for the fiscal year ended September 28, 2012 were denominated in currencies other than the U.S. dollar.  Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies.  Changes in foreign currency exchange rates can cause unexpected financial losses or cash flow needs.

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The Company mitigates a portion of the fluctuations in certain foreign currencies through the use of foreign currency forward contracts.  Foreign currency forward contracts enable the Company to lock in the foreign currency exchange rate for a fixed amount of currency to be paid or received on a specified date in the future. The Company uses such foreign currency forward contracts to mitigate the risk associated with changes in foreign currency exchange rates on financial instruments and known commitments denominated in foreign currencies.

Interest Rate Risk

The Company operates in a seasonal business and experiences significant fluctuations in operating cash flow as working capital needs increase in advance of the Company’s primary selling and cash generation season, and decline as accounts receivable are collected and cash is accumulated or debt is repaid.  The Company’s goal in managing its interest rate risk is to maintain a mix of floating rate and fixed rate debt such that permanent non-equity capital needs are largely funded with long term fixed rate debt and seasonal working capital needs are funded with short term floating rate debt.

When the appropriate mix of fixed rate or floating rate debt cannot be directly obtained in a cost effective manner, the Company may enter into interest rate swap contracts in order to change floating rate interest into fixed rate interest or vice versa for a specific amount of debt in order to achieve the desired proportions of floating rate and fixed rate debt.  An interest rate swap is a contract in which the Company agrees to exchange, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to an agreed upon notional principal amount.  The notional amount is the equivalent amount of debt that the Company wishes to change from a fixed interest rate to a floating interest rate or vice versa and is the basis for calculating the related interest payments required under the interest rate swap contract.

Commodities

Certain components used in the Company’s products are exposed to commodity price changes. The Company manages this risk through instruments such as purchase orders and non-cancelable supply contracts. Primary commodity price exposures include costs associated with metals, resins and packaging materials.

Impact of Inflation

The Company anticipates that changing costs of basic raw materials may impact future operating costs and, accordingly, the prices of its products. The Company is involved in continuing programs to mitigate the impact of cost increases through changes in product design and identification of sourcing and manufacturing efficiencies. Price increases and, in certain situations, price decreases are implemented for individual products, when appropriate.

The Company’s results of operations and financial condition are presented based on historical cost.  The Company does not believe that inflation has significantly affected its results of operations.

Sensitivity to Changes in Value

The estimates that follow are intended to measure the maximum potential fair value or earnings the Company could lose in one year from adverse changes in market interest rates. The calculations are not intended to represent actual losses in fair value or earnings that the Company expects to incur. The estimates do not consider favorable changes in market rates. The table below presents the estimated maximum potential loss in fair value and annual income before income taxes from a 100 basis point movement in interest rates on the Company's term loans outstanding at September 28, 2012:

	Estimated Impact on
(thousands)	Fair Value		Income Before Income Taxes
Interest rate instruments	$	-	$	84

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Critical Accounting Estimates

The Company’s management discussion and analysis of its financial condition and results of operations are based upon the Company’s consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the U.S.  The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of its assets, liabilities, sales and expenses, and related footnote disclosures.  On an on-going basis, the Company evaluates its estimates for product returns, bad debts, inventories, long lived assets and goodwill, income taxes, warranty obligations, pensions and other post-retirement benefits, litigation and other subjective matters impacting the financial statements.  The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.  Actual results may differ from these estimates under different assumptions or conditions.

The Company believes the following critical accounting policies affect its more significant judgments and estimates used in the preparation of its consolidated financial statements.  Management has discussed these policies with the Audit Committee of the Company’s Board of Directors.

Revenue Recognition

The Company recognizes revenue when all of the following criteria have been met:

 ● Persuasive evidence of an arrangement exists.  Contracts, internet commerce agreements, and customer purchase orders are generally used to determine the existence of an arrangement.

 ● All substantial risk of ownership transfers to the customer.  Shipping documents and customer acceptance, when applicable, are used to verify delivery.

 ● The fee is fixed or determinable.  This is assessed based on the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment.

 ● Collectability is reasonably assured.  We assess collectability based on the creditworthiness of the customer as determined by credit checks and analysis, as well as by the customer’s payment history.

Estimated costs of returns and allowances and discounts are accrued as a reduction to sales when revenue is recognized.

Allowance for Doubtful Accounts

Allowances for doubtful accounts are estimated by the individual operating companies based on estimates of losses related to customer accounts receivable balances.  Estimates are developed by using standard quantitative measures based on historical losses, adjusting for current economic conditions and, in some cases, evaluating specific customer accounts for risk of loss. The establishment of reserves requires the use of judgment and assumptions regarding the potential for losses on receivable balances. Though the Company considers these balances adequate and proper, changes in economic conditions in specific markets in which the Company operates and any specific customer collection issues the Company identifies could have a favorable or unfavorable effect on required reserve balances.

Inventories

The Company values inventory at the lower of cost (determined using the first-in first-out method) or market. Management’s judgment is required to determine the reserve for obsolete or excess inventory. Inventory on hand may exceed future demand either because the product is outdated or because the amount on hand is more than will be used to meet future needs. Inventory reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. The Company also considers current forecast plans, as well as market and industry conditions in establishing reserve levels. Though the Company considers these balances to be adequate, changes in economic conditions, customer inventory levels or competitive conditions could have a favorable or unfavorable effect on required reserve balances.

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Deferred Taxes

The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. While the Company has considered future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for the valuation allowance, in the event the Company were to determine that it would not be able to realize all or part of its net deferred tax assets in the future, an adjustment to the deferred tax assets would be charged to income in the period such determination was made. Likewise, should the Company determine that it would be able to realize its deferred tax assets in the future in excess of its net recorded amount, an adjustment to the deferred tax assets would increase income in the period such determination was made.  Such an adjustment was made during fiscal 2011.  See further discussion of the impact of the adjustment to the deferred tax asset valuation allowance at Note 6 to the Consolidated Financial Statements included elsewhere in this report.

Goodwill and Other Intangible Assets Impairment

Goodwill and indefinite-lived intangible assets are tested for impairment annually or more frequently if events or changes in circumstances indicate that the assets might be impaired.  Generally, annual impairment tests are performed by the Company in the fourth quarter of each fiscal year.

In assessing the recoverability of the Company's goodwill and other intangible assets, the Company estimates the fair value of the businesses to which the goodwill relates.  Fair value is estimated using a discounted cash flow analysis.  If the fair value of a reporting unit exceeds its net book value, no impairment exists. When fair value is less than the carrying value of the net assets and related goodwill, an impairment test is performed to measure and recognize the amount of the impairment loss, if any.

The discounted cash flow analysis used to estimate fair value requires a number of key estimates and assumptions.  We estimate the future cash flows of the reporting units based on historical and forecasted revenues and operating costs.  We apply a discount rate to the estimated future cash flows for purposes of the valuation.  This discount rate is based on the estimated weighted average cost of capital, which includes certain assumptions made by management such as market capital structure, market betas, the risk-free rate of return and estimated costs of borrowing.  Changes in these key estimates and assumptions, or in other assumptions used in this process, could materially affect our impairment analysis in a given year.

A number of factors, many of which the Company has no ability to control, could affect its financial condition, operating results and business prospects and could cause actual results to differ from the estimates and assumptions that the Company uses in preparing its financial statements.  These factors include:  a prolonged global economic crisis, a significant decrease in demand for the Company’s products, a significant adverse change in legal factors or in the business climate, an adverse action or assessment by a regulator and successful efforts by the Company’s competitors to gain market share.

Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed of

We evaluate long-lived assets for impairment whenever events or changes in circumstances, such as unplanned negative cash flow indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are determined to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Application of alternative assumptions, such as changes in estimate of future cash flows, could produce significantly different results. Because of the significance of the judgments and estimation processes, it is likely that materially different amounts could be recorded if we used different assumptions or if the underlying circumstances were to change.

Warranties

The Company accrues a warranty reserve for estimated costs to provide warranty services. Warranty reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. Estimates of costs to service its warranty obligations are based on historical experience, expectation of future conditions and known product issues. To the extent the Company experiences increased warranty claim activity or increased costs associated with servicing those claims, revisions to the estimated warranty reserve would be required. The Company engages in product quality programs and processes, including monitoring and evaluating the quality of its suppliers, to help minimize warranty obligations.

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ITEM 7A.       QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Information with respect to this item is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations under the heading “Market Risk Management.”

ITEM 8.          FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Information with respect to this item is included in the Company’s consolidated financial statements attached to this report on pages F-1 to F-39.

ITEM 9.          CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A.       CONTROLS AND PROCEDURES

(a)	Evaluation of Disclosure Controls and Procedures
	The Company maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that the information required to be disclosed by the Company in reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to its management, including its Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.  The Company carried out an evaluation as of September 28, 2012, under the supervision and with the participation of the Company’s management, including its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures.  Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective as of September 28, 2012 at reaching a level of reasonable assurance.  In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.  The Company has designed its disclosure controls and procedures to reach a level of reasonable assurance of achieving the desired control objectives. The report of management required under this Item 9A is included on page F-1 of the Company’s Consolidated Financial Statements attached to this Report under the heading “Management’s Report on Internal Control over Financial Reporting” and is incorporated herein by reference.
(b)	Changes in Internal Control over Financial Reporting.
	There was no change in the Company’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended) that occurred during the Company’s most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
(c)	Attestation Report of Independent Registered Public Accounting Firm
	McGladrey LLP, the independent registered public accounting firm who audited the Company’s consolidated financial statements, has issued an attestation report on the Company’s internal control over financial reporting, which is contained in the Company’s consolidated financial statements under the heading “Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting.”

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ITEM 9B.       OTHER INFORMATION

None.

PART III

ITEM 10.        DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Information with respect to this item is incorporated herein by reference to the discussion under the headings “Election of Directors,” “Executive Officers,” “Section 16(a) Beneficial Ownership Reporting Compliance,” “Corporate Governance-Director Nominations” and “Audit Committee Matters – Audit Committee Financial Expert” in the Company's Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013.  Information regarding the Company’s Code of Business Ethics is incorporated herein by reference to the discussion under “Corporate Governance Matters – Employee Code of Conduct and Code of Ethics and Procedures for Reporting of Accounting Concerns” in the Company's Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013.

The Audit Committee of the Company's Board of Directors is an “audit committee” for purposes of Section 3(a)(58)(A) of the Securities Exchange Act of 1934. The members of the Audit Committee are Terry E. London (Chairman), Thomas F. Pyle, Jr. and Edward F. Lang, III.

ITEM 11.        EXECUTIVE COMPENSATION

Information with respect to this item is incorporated herein by reference to the discussion under the headings “Compensation of Directors” and “Executive Compensation” in the Company’s Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013.

ITEM 12.        SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

                        AND RELATED STOCKHOLDER MATTERS

Information with respect to this item is incorporated herein by reference to the discussion under the heading “Stock Ownership of Management and Others” in the Company's Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013.

Equity Compensation Plan Information

The following table summarizes share information, as of September 28, 2012, for the Company’s equity compensation plans, including the Johnson Outdoors Inc. 1994 and 2003 Non-Employee Director Stock Ownership Plans, the Johnson Outdoors Inc. 2010 Long-Term Stock Incentive Plan and the Johnson Outdoors Inc. 2009 Employee Stock Purchase Plan.  All of these plans have been approved by the Company’s shareholders.

Plan Category	Number of Common Shares to Be Issued Upon Exercise of Outstanding Options, Warrants and Rights		Weighted-average Exercise Price of Outstanding Options, Warrants and Rights		Number of Common Shares Available for Future Issuance Under Equity Compensation Plans
2010 Long-Term Stock Incentive Plan		-	$	-		791,203
2003 Non-Employee Director Stock Ownership Plan		15,066		18.16		52,546
1994 Non-Employee Director Stock Ownership Plan		8,300		10.36		-
2009 Employee Stock Purchase Plan		-		-		53,728
Total All Plans		23,366		15.39		897,477

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ITEM 13.        CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Information with respect to this item is incorporated herein by reference to the discussion under the heading “Certain Relationships and Related Transactions” in the Company's Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013. Information regarding director independence is incorporated by reference to the discussions under “Corporate Governance Matters-Director Independence” in the Company’s Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013.

ITEM 14.        PRINCIPAL ACCOUNTANT FEES AND SERVICES

Information with respect to this item is incorporated herein by reference to the discussion under the heading “Audit Committee Matters – Fees of Independent Registered Public Accounting Firm” in the Company's Proxy Statement for the 2013 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission on or before January 26, 2013.

PART IV

ITEM 15.        EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

The following documents are filed as a part of this report:

Financial Statements

Included in Item 8 of Part II of this report are the following:

 ● Reports of Independent Registered Public Accounting Firm

 ● Consolidated Balance Sheets – September 28, 2012 and September 30, 2011

 ● Consolidated Statements of Operations – Years ended September 28, 2012, September 30, 2011 and October 1, 2010

 ● Consolidated Statements of Shareholders’ Equity – Years ended September 28, 2012, September 30, 2011 and October 1, 2010

 ● Consolidated Statements of Cash Flows – Years ended September 28, 2012, September 30, 2011 and October 1, 2010

 ● Notes to Consolidated Financial Statements

Exhibits

See Exhibit Index.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Racine and State of Wisconsin, on the 11th day of December 2012.

JOHNSON OUTDOORS INC. (Registrant)
By	/s/ Helen P. Johnson-Leipold
	Helen P. Johnson-Leipold Chairman and Chief Executive Officer

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Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the registrant and in the capacities indicated on the 11th day of December 2012.

/s/ Helen P. Johnson-Leipold	Chairman and Chief Executive Officer
(Helen P. Johnson-Leipold)	and Director
	(Principal Executive Officer)
/s/ Thomas F. Pyle, Jr.	Vice Chairman of the Board
(Thomas F. Pyle, Jr.)	and Lead Outside Director
/s/ Terry E. London	Director
(Terry E. London)
/s/ John M. Fahey, Jr.	Director
(John M. Fahey, Jr.)
/s/ W. Lee McCollum	Director
(W. Lee McCollum)
/s/ Edward F. Lang, III	Director
(Edward F. Lang, III)
/s/ David W. Johnson	Vice President and Chief Financial Officer
(David W. Johnson)	(Principal Financial and Accounting Officer)

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EXHIBIT INDEX

Exhibit	Title
2	Agreement and Plan of Merger, dated October 28, 2004, by and between JO Acquisition Corp. and Johnson Outdoors Inc. (Filed as Exhibit 2 to the Company’s Form 8-K dated October 28, 2004 and incorporated herein by reference.)
3.1	Articles of Incorporation of the Company as amended through February 17, 2000. (Filed as Exhibit 3.1(a) to the Company’s Form 10-Q for the quarter ended March 31, 2000 and incorporated herein by reference.)
3.2	Bylaws of the Company as amended and restated through December 6, 2010. (Filed as Exhibit 3.2 to the Company’s Form 10-K for the year ended October 1, 2010 and incorporated herein by reference.)
4.1	Note Agreement dated October 1, 1995. (Filed as Exhibit 4.1 to the Company’s Form 10-Q for the quarter ended December 29, 1995 and incorporated herein by reference.)
4.2	First Amendment dated October 11, 1996 to Note Agreement dated October 1, 1995. (Filed as Exhibit 4.3 to the Company’s Form 10-Q for the quarter ended December 27, 1996 and incorporated herein by reference.)
4.3	Second Amendment dated September 30, 1997 to Note Agreement dated October 1, 1995. (Filed as Exhibit 4.8 to the Company’s Form 10-K for the year ended October 1, 1997 and incorporated herein by reference.)
4.4	Third Amendment dated October 1, 1997 to Note Agreement dated October 1, 1995. (Filed as Exhibit 4.9 to the Company’s Form 10-K for the year ended October 1, 1997 and incorporated herein by reference.)
4.5	Fourth Amendment dated January 10, 2000 to Note Agreement dated October 1, 1995. (Filed as Exhibit 4.9 to the Company’s Form 10-Q for the quarter ended March 31, 2000 and incorporated herein by reference.)
4.6	Fifth Amendment dated December 13, 2001 to Note Agreement dated October 1, 1995. (Filed as Exhibit 4.6 to the Company’s Form 10-K for the year ended October 3, 2003 and incorporated herein by reference.)
4.7	Consent and Amendment dated September 6, 2002 to Note Agreement dated October 1, 1995. (Filed as Exhibit 4.7 to the Company’s Form 10-K for the year ended October 3, 2003 and incorporated herein by reference.)
4.8	Note Agreement dated as of September 15, 1997. (Filed as Exhibit 4.15 to the Company’s Form 10-K for the year ended October 1, 1997 and incorporated herein by reference.)
4.9	First Amendment dated January 10, 2000 to Note Agreement dated September 15, 1997. (Filed as Exhibit 4.10 to the Company’s Form 10-Q for the quarter ended March 31, 2000 and incorporated herein by reference.)
4.10	Second Amendment dated December 13, 2001 to Note Agreement dated September 15, 1997. (Filed as Exhibit 4.9 to the Company’s Form 10-K for the year ended October 3, 2003 and incorporated herein by reference.)
4.11	Consent and Amendment dated as of September 6, 2002 to Note Agreement dated September 15, 1997. (Filed as Exhibit 4.11 to the Company’s Form 10-K for the year ended October 3, 2003 and incorporated herein by reference.)
4.12	Note Agreement dated as of December 13, 2001. (Filed as Exhibit 4.12 to the Company’s Form 10-K for the year ended October 3, 2003 and incorporated herein by reference.)
4.13	Consent and Amendment dated of September 6, 2002 to Note Agreement dated as of December 13, 2001. (Filed as Exhibit 4.15 to the Company’s Form 10-K for the year ended October 3, 2003 and incorporated herein by reference.)
9.1	Johnson Outdoors Inc. Class B common stock Amended and Restated Voting Trust Agreement, dated as of February 16, 2010 (Filed as Exhibit 1 to Amendment No. 13 to the Schedule 13D filed by Helen P. Johnson-Leipold on February 3, 2011 and incorporated herein by reference.)
10.1	Stock Purchase Agreement, dated as of January 12, 2000, by and between Johnson Outdoors Inc. and Berkley Inc. (Filed as Exhibit 2.1 to the Company’s Form 8-K dated March 31, 2000 and incorporated herein by reference.)

33

10.2	Amendment to Stock Purchase Agreement, dated as of February 28, 2000, by and between Johnson Outdoors Inc. and Berkley Inc. (Filed as Exhibit 2.2 to the Company’s Form 8-K dated March 31, 2000 and incorporated herein by reference.)
10.3+	Johnson Outdoors Inc. Amended and Restated 1986 Stock Option Plan. (Filed as Exhibit 10 to the Company’s Form 10-Q for the quarter ended July 2, 1993 and incorporated herein by reference.)
10.4	Registration Rights Agreement regarding Johnson Outdoors Inc. common stock issued to the Johnson family prior to the acquisition of Johnson Diversified, Inc. (Filed as Exhibit 10.6 to the Company’s Form S-1 Registration Statement No. 33-16998 and incorporated herein by reference.)
10.5	Registration Rights Agreement regarding Johnson Outdoors Inc. Class A common stock held by Mr. Samuel C. Johnson. (Filed as Exhibit 28 to the Company’s Form 10-Q for the quarter ended March 29, 1991 and incorporated herein by reference.)
10.6+	Form of Restricted Stock Agreement. (Filed as Exhibit 10.8 to the Company’s Form S-1 Registration Statement No. 33-23299 and incorporated herein by reference.)
10.7+	Form of Supplemental Retirement Agreement of Johnson Diversified, Inc. (Filed as Exhibit 10.9 to the Company’s Form S-1 Registration Statement No. 33-16998 and incorporated herein by reference.)
10.8+	Johnson Outdoors Retirement and Savings Plan. (Filed as Exhibit 10.9 to the Company’s Form 10-K for the year ended September 29, 1989 and incorporated herein by reference.)
10.9+	Form of Agreement of Indemnity and Exoneration with Directors and Officers. (Filed as Exhibit 10.11 to the Company’s Form S-1 Registration Statement No. 33-16998 and incorporated herein by reference.)
10.10	Consulting and administrative agreements with S. C. Johnson & Son, Inc. (Filed as Exhibit 10.12 to the Company’s Form S-1 Registration Statement No. 33-16998 and incorporated herein by reference.)
10.11+	Johnson Outdoors Inc. 1994 Long-Term Stock Incentive Plan. (Filed as Exhibit 4 to the Company’s Form S-8 Registration Statement No. 333-88091 and incorporated herein by reference.)
10.12+	Johnson Outdoors Inc. 1994 Non-Employee Director Stock Ownership Plan. (Filed as Exhibit 4 to the Company’s Form S-8 Registration Statement No. 333-88089 and incorporated herein by reference.)
10.13+	Johnson Outdoors Economic Value Added Bonus Plan (Filed as Exhibit 10.15 to the Company’s Form 10-K for the year ended October 1, 1997 and incorporated herein by reference.)
10.14+	Johnson Outdoors Inc. 2000 Long-Term Stock Incentive Plan. (Filed as Exhibit 99.1 to the Company’s Current Report on Form 8-K dated July 29, 2005 and incorporated herein by reference.)
10.15+	Share Purchase and Transfer Agreement, dated as of August 28, 2002, by and between, among others, Johnson Outdoors Inc. and an affiliate of Bain Capital Fund VII-E (UK), Limited Partnership. (Filed as Exhibit 2.1 to the Company’s Form 8-K dated September 9, 2002 and incorporated herein by reference.)
10.16+	Johnson Outdoors Inc. Worldwide Key Executive Phantom Share Long-Term Incentive Plan (Filed as Exhibit 10.1 to the Company’s Form 10-Q dated March 28, 2003 and incorporated herein by reference.)
10.17+	Johnson Outdoors Inc. Worldwide Key Executives’ Discretionary Bonus Plan. (Filed as Exhibit 99.3 to the Company’s Current Report on Form 8-K dated July 29, 2005 and incorporated herein by reference.)
10.18	Stock Purchase Agreement by and between Johnson Outdoors Inc. and TFX Equities Incorporated. (Filed as Exhibit 2.1 to the Company’s Form 10-Q dated April 2, 2004 and incorporated herein by reference.)
10.19	Intellectual Property Purchase Agreement by and among Johnson Outdoors Inc., Technology Holding Company II and Teleflex Incorporated. (Filed as Exhibit 2.2 to the Company’s Form 10-Q dated April 2, 2004 and incorporated herein by reference.)
10.20+	Johnson Outdoors Inc. 1987 Employees’ Stock Purchase Plan as amended. (Filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K dated July 29, 2005 and incorporated herein by reference.)
10.21+	Johnson Outdoors Inc. 2003 Non-Employee Director Stock Ownership Plan. (Filed as Exhibit 10.2 to the Company’s Form 10-Q dated April 2, 2004 and incorporated herein by reference.)
10.22+	Form of Restricted Stock Agreement under Johnson Outdoors Inc. 2003 Non-Employee Director Stock Ownership Plan. (Filed as Exhibit 4.2 to the Company’s Form S-8 Registration Statement No. 333-115298 and incorporated herein by reference.)

34

10.23+	Form of Stock Option Agreement under Johnson Outdoors Inc. 2003 Non-Employee Director Stock Ownership Plan. (Filed as Exhibit 10.2 to the Company’s Form S-8 Registration Statement No. 333-115298 and incorporated herein by reference.)
10.24	Revolving Credit and Security Agreement dated as of September 29, 2009 among Johnson Outdoors Inc., certain subsidiaries of Johnson Outdoors Inc., PNC Bank, National Association, as lender, as administrative agent and collateral agent, and the other lenders named therein (filed as Exhibit 99.2 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on September 30, 2009).
10.25	Term Loan Agreement (loan number 15613) dated as of September 29, 2009 among Techsonic Industries Inc., Johnson Outdoors Marine Electronics LLC and Ridgestone Bank (filed as Exhibit 99.3 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on September 30, 2009).
10.26	Term Loan Agreement (loan number 15612) dated as of September 29, 2009 between Johnson Outdoors Gear LLC and Ridgestone Bank (filed as Exhibit 99.4 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on September 30, 2009).
10.27	Term Loan Agreement (loan number 15628) dated as of September 29, 2009 between Johnson Outdoors Watercraft Inc. and Ridgestone Bank (filed as Exhibit 99.5 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on September 30, 2009).
10.28	Term Loan Agreement (loan number 15614) dated as of September 29, 2009 between Johnson Outdoors Watercraft Inc. and Ridgestone Bank (filed as Exhibit 99.6 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on September 30, 2009).
10.29	Term Loan Agreement (loan number 15627) dated as of September 29, 2009 between Johnson Outdoors Watercraft Inc. and Ridgestone Bank (filed as Exhibit 99.7 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on September 30, 2009).
10.30	Revolving Credit and Security Agreement dated as of November 4, 2009 among Johnson Outdoors Canada Inc., National City Bank, Canada branch, as administrative agent and collateral agent and the other lenders named therein(filed as Exhibit 10.30 to the annual report on Form 10-K dated and filed with the Securities and Exchange Commission on December 11, 2010).
10.31	First Amendment to Revolving Credit and Security Agreement, made as of November 16, 2010, among Johnson Outdoors Inc., certain subsidiaries of Johnson Outdoors, Inc., PNC Bank National Association as lender, as administrative agent and collateral agent, and the other lenders named therein (filed as Exhibit 99.1 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on November 22, 2010).
10.32	First Amendment to Canadian Revolving Credit and Security Agreement, made as of November 16, 2010, among Johnson Outdoors Canada Inc., PNC Bank Canada Branch as lender, as administrative agent and collateral agent, and the other lenders named therein (filed as Exhibit 99.2 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on November 22, 2010).
10.33+	Johnson Outdoors Inc. 2009 Employees’ Stock Purchase Plan (filed as Exhibit 99.2 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on March 8, 2010.
10.34+	Johnson Outdoors Inc. 2010 Long Term Stock Incentive Plan (filed as Exhibit 99.1 to the current report on Form 8-K dated and filed with the Securities and Exchange Commission on March 8, 2010.
10.35	Second Amendment to Revolving Credit and Security Agreement among Johnson Outdoors Inc., certain subsidiaries of Johnson Outdoors, Inc., PNC Bank National Association as lender, as administrative agent and collateral agent, and the other lenders named therein, dated as of September 28, 2012.
21	Subsidiaries of the Company as of September 28, 2012.
23	Consent of Independent Registered Public Accounting Firm.
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a).
31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a).
32.1	Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350. (1)
101	The following materials from Johnson Outdoors Inc.’s Annual Report on Form 10-K for the fiscal year ended September 28, 2012 formatted in XBRL (eXtensible Business Reporting Language) and furnished electronically herewith:  (i) Consolidated Statements of Operations; (ii) Consolidated Balance Sheets; (iii) Consolidated Statements of Shareholders’ Equity; (iv) Consolidated Statements of Cash Flows; and (v) Notes to Consolidated Financial Statements.*

+ A management contract or compensatory plan or arrangement.

* Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files in Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

(1)This certification is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

CONSOLIDATED FINANCIAL STATEMENTS

Table of Contents	Page
Management’s Report on Internal Control over Financial Reporting	F-2
Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting	F-3
Report of Independent Registered Public Accounting Firm	F-4
Consolidated Statements of Operations	F-5
Consolidated Balance Sheets	F-6
Consolidated Statements of Shareholders’ Equity	F-7
Consolidated Statements of Cash Flows	F-8
Notes to Consolidated Financial Statements	F-9

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

The management of Johnson Outdoors Inc. is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) of the Securities Exchange Act of 1934. The Company’s internal control over financial reporting is designed to provide reasonable assurance to the Company’s management and board of directors regarding the preparation and fair presentation of published financial statements. The Company’s internal control over financial reporting includes those policies and procedures that:

(a) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

(b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

(c) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of the Company’s internal control over financial reporting as of September 28, 2012. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework. Based on our assessment, management believes that, as of September 28, 2012, the Company’s internal control over financial reporting was effective based on those criteria.

/s/ Helen P. Johnson-Leipold	/s/ David W. Johnson
Helen P. Johnson-Leipold	David W. Johnson
Chairman and Chief Executive Officer	Vice President and Chief Financial Officer

F-2

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders

Johnson Outdoors Inc.

We have audited Johnson Outdoors Inc.'s internal control over financial reporting as of September 28, 2012, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Johnson Outdoors Inc.’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the company's internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (a) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (c) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, Johnson Outdoors Inc. maintained, in all material respects, effective internal control over financial reporting as of September 28, 2012, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements of Johnson Outdoors Inc. and our report dated December 11, 2012 expressed an unqualified opinion.

/s/ McGladrey LLP

Milwaukee, Wisconsin

December 11, 2012

F-3

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders

Johnson Outdoors Inc.

We have audited the accompanying consolidated balance sheets of Johnson Outdoors Inc. as of September 28, 2012 and September 30, 2011, and the related consolidated statements of operations, shareholders' equity, and cash flows for each of the three years in the period ended September 28, 2012. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Johnson Outdoors Inc. as of September 28, 2012 and September 30, 2011, and the results of their operations and their cash flows for each of the three years in the period ended September 28, 2012, in conformity with U.S. generally accepted accounting principles.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Johnson Outdoors Inc.’s internal control over financial reporting as of September 28, 2012, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated December 11, 2012 expressed an unqualified opinion on the effectiveness of Johnson Outdoors Inc.’s internal control over financial reporting.

/s/ McGladrey LLP

Milwaukee, Wisconsin

December 11, 2012

F-4

CONSOLIDATED STATEMENTS OF OPERATIONS

	Year Ended
	September 28			September 30			October 1
(thousands, except per share data)	2012			2011			2010
Net sales	$	412,292		$	407,422		$	382,432
Cost of sales		247,970			244,287			228,909
Gross profit		164,322			163,135			153,523
Operating expenses:
Marketing and selling		88,468			90,336			86,677
Administrative management, finance and information systems		43,209			40,310			38,842
Litigation settlement recovery		(3,500	)		-			-
Research and development		14,732			14,819			13,450
Total operating expenses		142,909			145,465			138,969
Operating profit		21,413			17,670			14,554
Interest income		(140	)		(90	)		(62	)
Interest expense		2,258			3,220			5,057
Other (income) expense, net		(631	)		2,290			367
Income before income taxes		19,926			12,250			9,192
Income tax expense (benefit)		9,792			(20,394	)		2,653
Net income	$	10,134		$	32,644		$	6,539
Weighted average common shares - Basic:
Class A		8,155			8,045			8,008
Class B		1,216			1,216			1,217
Dilutive stock options		8			26			42
Weighted average common shares - Dilutive		9,379			9,287			9,267
Net income per common share - Basic:
Class A	$	1.04		$	3.40		$	0.69
Class B	$	0.94		$	3.07		$	0.63
Net income per common share - Diluted:
Class A	$	1.03		$	3.36		$	0.68
Class B	$	1.03		$	3.36		$	0.68

The accompanying notes are an integral part of the Consolidated Financial Statements.

F-5

CONSOLIDATED BALANCE SHEETS

(thousands, except share data)	September 28, 2012			September 30, 2011
ASSETS
Current assets:
Cash and cash equivalents	$	58,904		$	44,514
Accounts receivable, net		40,673			47,209
Inventories		67,058			68,462
Deferred income taxes		8,645			9,732
Other current assets		7,672			6,528
Total current assets		182,952			176,445
Property, plant and equipment, net of accumulated
depreciation of $98,235 and $97,229, respectively		36,667			35,158
Deferred income taxes		14,808			19,531
Goodwill		14,466			14,651
Other intangible assets, net		4,309			5,403
Other assets		10,430			8,168
Total assets	$	263,632		$	259,356
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current maturities of long-term debt	$	526		$	3,494
Accounts payable		24,559			28,339
Accrued liabilities:
Salaries, wages and benefits		15,365			14,286
Accrued warranty		4,751			5,155
Income taxes payable		582			1,635
Other		13,184			12,091
Total current liabilities		58,967			65,000
Long-term debt, less current maturities		8,334			11,478
Deferred income taxes		694			348
Retirement benefits		11,827			10,074
Other liabilities		10,206			8,931
Total liabilities		90,028			95,831
Shareholders' equity:
Preferred stock:  none issued
Common stock:
Class A shares issued and outstanding:		434			428
September 28, 2012: 8,676,703 September 30, 2011: 8,567,549
Class B shares issued and outstanding:		61			61
September 28, 2012: 1,215,758 September 30, 2011: 1,215,842
Capital in excess of par value		64,184			61,521
Retained earnings		92,817			82,683
Accumulated other comprehensive income		16,117			18,832
Treasury stock at cost, shares of Class A common
stock: 516 and 0, respectively		(9	)		-
Total shareholders' equity		173,604			163,525
Total liabilities and shareholders' equity	$	263,632		$	259,356

The accompanying notes are an integral part of the Consolidated Financial Statements.

F-6

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(thousands)	Shares			Common Stock		Capital in Excess of Par Value			Retained Earnings		Treasury Stock			Accumulated Other Comprehensive Income (Loss)			Comprehensive Income (Loss)
BALANCE AT OCTOBER 2, 2009		9,283,429		$	465	$	58,343		$	43,500	$	(43	)	$	13,560
Net income					-		-			6,539		-			-		$	6,539
Dividends declared					-		-			-		-			-
Exercise of stock options		55,250			2		373			-		-			-
Issuance of stock under employee stock purchase plan		10,448			-		109			-		-			-
Award of non-vested shares		230,650			12		-			-		-			-
Stock-based compensation					-		944			-		-			-
Currency translation adjustment					-		-			-		-			965			965
Change in pension plans					-		-			-		-			(497	)		(497	)
Reissue of treasury stock					-		10			-		42			-
Amortization of unrealized loss on interest rate swaps					-		-			-		-			2,045			2,045
Comprehensive loss					-		-			-		-			-		$	9,052
BALANCE AT OCTOBER 1, 2010		9,579,777			479		59,779			50,039		(1	)		16,073
Net income					-		-			32,644		-			-			32,644
Exercise of stock options		40,780			2		218			-		-			-
Issuance of stock under employee stock purchase plan		5,475			-		88			-		-			-
Award of non-vested shares		157,359			8		-			-		-			-
Stock-based compensation					-		1,436			-		-			-
Currency translation adjustment					-		-			-		-			2,506			2,506
Change in pension plans, net of tax of $1,584					-		-			-		-			(737	)		(737	)
Reissue of treasury stock					-		-			-		1			-
Amortization of unrealized loss on interest rate swaps					-		-			-		-			990			990
Comprehensive income					-		-			-		-			-		$	35,403
BALANCE AT SEPTEMBER 30, 2011		9,783,391			489		61,521			82,683		-			18,832
Net income					-		-			10,134		-			-			10,134
Exercise of stock options		37,285			2		269			-		-			-
Issuance of stock under employee stock purchase plan		10,349			1		167			-		-			-
Award of non-vested shares, net of forfeitures		61,952			3		-			-		-			-
Stock-based compensation		-			-		1,666			-		-			-
Tax effects on stock based awards		-			-		594			-		-			-
Currency translation adjustment		-			-		-			-		-			(2,462	)		(2,462	)
Write off of currency translation adjustment loss		-			-		-			-		-			552			552
Change in pension plans, net of tax of $977		-			-		-			-		-			(1,594	)		(1,594	)
Purchase of treasury stock at cost		(6,621	)		-		-			-		(9	)		-
Reissue of treasury stock		6,105			-		(33	)		-		-			-
Amortization of unrealized loss on interest rate swaps		-			-		-			-		-			789			789
Comprehensive income		-			-		-			-		-			-		$	7,419
BALANCE AT SEPTEMBER 28, 2012		9,892,461		$	495	$	64,184		$	92,817	$	(9	)	$	16,117

The accompanying notes are an integral part of the Consolidated Financial Statements.

F-7

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended
(thousands)	September 28, 2012			September 30, 2011			October 1, 2010
CASH PROVIDED BY OPERATING ACTIVITIES
Net income	$	10,134		$	32,644		$	6,539
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation		10,473			9,843			8,875
Amortization of intangible assets		1,057			729			681
Amortization of deferred financing costs		352			305			421
Stock based compensation		1,666			1,436			956
Amortization of deferred loss on interest rate swap		789			990			2,045
Write off of currency translation adjustment loss		552			-			-
Provision for doubtful accounts receivable		1,558			448			995
Provision for inventory reserves		2,307			3,317			1,404
Deferred income taxes		6,989			(21,999	)		415
Change in operating assets and liabilities:
Accounts receivable, net		4,591			(581	)		(4,857	)
Inventories, net		(1,507	)		588			(12,563	)
Accounts payable and accrued liabilities		(2,949	)		3,095			13,114
Other current assets		(2,548	)		708			1,986
Other non-current assets		(2,613	)		242			(913	)
Other long-term liabilities		579			(1,276	)		358
Other, net		334			491			295
		31,764			30,980			19,751
CASH USED FOR INVESTING ACTIVITIES
Payments for purchase of business		-			(3,969	)		-
Additions to property, plant and equipment		(12,032	)		(9,367	)		(9,966	)
Proceeds from sales of property, plant and equipment		1,243			13			695
		(10,789	)		(13,323	)		(9,271	)
CASH USED FOR FINANCING ACTIVITIES
Net payments on short-term notes payable and revolving credit lines		-			(7,546	)		(7,289	)
Principal payments on senior notes and other long-term debt		(6,112	)		(1,292	)		(594	)
Deferred financing costs paid to lenders		-			(133	)		(173	)
Common stock transactions		963			323			484
Purchases of treasury stock		(107	)		-			-
		(5,256	)		(8,648	)		(7,572	)
Effect of foreign currency rate changes on cash		(1,329	)		2,189			2,513
Increase in cash and cash equivalents		14,390			11,198			5,421
CASH AND CASH EQUIVALENTS
Beginning of period		44,514			33,316			27,895
End of period	$	58,904		$	44,514		$	33,316

The accompanying notes are an integral part of the Consolidated Financial Statements.

F-8

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 28, 2012

(in thousands except share and per share amounts)

1         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

Johnson Outdoors Inc. (the “Company”) is an integrated, global outdoor recreation products company engaged in the design, manufacture and marketing of brand name outdoor equipment, diving, watercraft and marine electronics products.

Principles of Consolidation

The consolidated financial statements include the accounts of Johnson Outdoors Inc. and all majority owned subsidiaries and are stated in conformity with U.S. generally accepted accounting principles. Intercompany accounts and transactions have been eliminated upon consolidation.

Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities and operating results and the disclosure of commitments and contingent liabilities. Actual results could differ significantly from those estimates.

Fiscal Year

The Company’s fiscal year ends on the Friday nearest September 30. The fiscal years ended September 28, 2012 (hereinafter 2012), September 30, 2011 (hereinafter 2011) and October 1, 2010 (hereinafter 2010) each comprised 52 weeks.

Cash and Cash Equivalents

The Company considers all short-term investments in interest-bearing bank accounts, securities and other instruments with an original maturity of three months or less, to be equivalent to cash.  Cash equivalents are stated at cost which approximates market value.

The Company maintains cash in bank accounts in excess of insured limits. The Company has not experienced any losses and does not believe that significant credit risk exists as a result of this practice.

Accounts Receivable

Accounts receivable are recorded at face value less an allowance for doubtful accounts. The allowance for doubtful accounts is based on a combination of factors. In circumstances where specific collection concerns exist, a reserve is established to reduce the amount recorded to an amount the Company believes will be collected. For all other customers, the Company recognizes allowances for doubtful accounts based on historical experience of bad debts as a percent of outstanding accounts receivable for each business unit. Uncollectible accounts are written off against the allowance for doubtful accounts after collection efforts have been exhausted. The Company typically does not require collateral on its accounts receivable.

Inventories

The Company values inventory at the lower of cost (determined using the first-in first-out method) or market. Management’s judgment is required to determine the reserve for obsolete or excess inventory. Inventory on hand may exceed future demand either because the product is outdated or because the amount on hand is more than will be used to meet future needs. Inventory reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. The Company also considers current forecast plans, as well as market and industry conditions in establishing reserve levels. Though the Company considers these reserve balances to be adequate, changes in economic conditions, customer inventory levels or competitive conditions could have a favorable or unfavorable effect on required reserve balances.

F-9

Inventories at the end of the respective fiscal years consisted of the following:

	2012		2011
Raw materials	$	26,610	$	24,260
Work in process		1,324		1,780
Finished goods		39,124		42,422
	$	67,058	$	68,462

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of property, plant and equipment is determined by straight-line methods over the following estimated useful lives:

Property improvements	5-20 years
Buildings and improvements	20-40 years
Furniture, fixtures and equipment	3-10 years

Upon retirement or disposition, cost and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.

Property, plant and equipment at the end of the respective years consist of the following:

	2012		2011
Property improvements	$	599	$	620
Buildings and improvements		19,336		22,040
Furniture, fixtures and equipment		114,967		109,727
		134,902		132,387
Less accumulated depreciation		98,235		97,229
	$	36,667	$	35,158

Goodwill

The Company applies a fair value-based impairment test to the carrying value of goodwill on an annual basis as of the last day of the eleventh month of the Company’s fiscal year and, if certain events or circumstances indicate that an impairment loss may have been incurred, on an interim basis.  The operating segments of the Company also represent the reporting units for goodwill purposes.

The analysis of potential impairment of goodwill requires a two-step process.  The first step is the estimation of fair value of the applicable reporting units.  Estimated fair value is based on management judgments and assumptions and the Company cannot predict what future events may occur that could adversely affect the reported value of its goodwill.  The fair values as determined by management are compared with the aggregate carrying values of the reporting units.  If the fair value of the reporting unit is greater than its carrying amount, there is no impairment.  If the reporting unit carrying amount is greater than the fair value, then the second step must be completed to measure the amount of impairment, if any.

F-10

The second step calculates the implied fair value of the goodwill which is compared to its carrying value.  If the implied fair value is less than the carrying value, an impairment loss is recognized equal to the difference.

The results of the impairment tests performed in 2012 and 2011 indicated no impairment to the Company’s goodwill. Due to the uncertainty of future events, the Company cannot assure that growth rates will not be lower than expected, discount rates will not increase or the projected cash flows of the individual reporting units will not decline, all of which could impact the carrying value of remaining goodwill in future periods.

As of September 28, 2012 and September 30, 2011, the Company’s Outdoor Equipment and Watercraft segments had no carrying amount of goodwill.  The changes in the carrying amount of those segments with goodwill and the composition of consolidated net goodwill for fiscal 2012 and 2011 are as follows:

	Segment									Consolidated
	Marine Electronics			Diving			Consolidated			Gross Goodwill			Accumulated Impairment		Total
Balance at October 1, 2010	$	9,674		$	4,055		$	13,729		$	53,644		$	39,915	$	13,729
LakeMaster® acquisition		732			-			732			732			-		732
Amount attributable to movements in foreign currency rates		(9	)		199			190			190			-		190
Balance at September 30, 2011		10,397			4,254			14,651			54,566			39,915		14,651
Amount attributable to movements in foreign currency rates		(35	)		(150	)		(185	)		(185	)		-		(185	)
Balance at September 28, 2012	$	10,362		$	4,104		$	14,466		$	54,381		$	39,915	$	14,466

Other Intangible Assets

Indefinite-lived intangible assets are also tested for impairment annually.  During the fourth quarter of fiscal 2012, the Company completed its annual fair value-based impairment test on indefinite-lived intangibles.  There was no impairment of intangibles recorded for the year ended September 28, 2012 or for the year ended September 30, 2011. 

Intangible assets with definite lives are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over periods ranging from 3 to 16 years.  Amortization of patents and other intangible assets with definite lives was $1,057, $729 and $681 for 2012, 2011 and 2010, respectively. Amortization of these definite-lived intangible assets is expected to be approximately $180 in 2013 and approximately $130 for each of the following four years.

During 2011, the allocation of the purchase price related to the LakeMaster® acquisition was completed resulting in indefinite-lived intangible assets of $290.

F-11

Intangible assets at the end of the last two years consisted of the following:

	2012							2011
	Gross Intangible		Accumulated Amortization			Net		Gross Intangible		Accumulated Amortization			Total
Amortized other intangible assets:
Patents	$	3,614	$	(3,411	)	$	203	$	3,687	$	(3,430	)	$	257
Trademarks		1,881		(1,878	)		3		1,976		(1,094	)		882
Other amortizable intangibles		1,272		(759	)		513		1,335		(611	)		724
Non-amortized trademarks		3,590		-			3,590		3,540		-			3,540
	$	10,357	$	(6,048	)	$	4,309	$	10,538	$	(5,135	)	$	5,403

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable, and it performs an undiscounted cash flow analysis to determine if impairment exists.  If impairment is determined to exist, any related impairment loss is calculated based on the difference between the fair value and the carrying value.  During 2010, the Company recognized impairment on its Casarza-Ligure, Italy warehouse facility of $114 to write the asset down to its fair value of $656.  During 2011, the Company recognized impairment of $334 on part of its facility in Ferndale, Washington in order to write the asset down to its estimated fair value of $1,300.  In 2012, the Company recorded impairment on the Geonav trademark held by the Marine Electronics business, reducing its fair value to $0.

Warranties

The Company provides for warranties of certain products as they are sold. Warranty reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. Estimates of costs to service its warranty obligations are based on historical experience, expectation of future conditions and known product issues.  The following table summarizes the warranty activity for the three years in the period ended September 28, 2012.

Balance at October 2, 2009	$	4,196
Expense accruals for warranties issued during the period		3,671
Less current period warranty claims paid		3,278
Balance at October 1, 2010		4,589
Expense accruals for warranties issued during the period		4,551
Less current period warranty claims paid		3,985
Balance at September 30, 2011	$	5,155
Expense accruals for warranties issued during the period		3,740
Less current period warranty claims paid		4,144
Balance at September 28, 2012	$	4,751

F-12

Accumulated Other Comprehensive Income (Loss)

The components of “Accumulated other comprehensive income (loss)” on the accompanying balance sheets as of fiscal year end 2012, 2011 and 2010 are as follows:

	2012								2011								2010
	Pre-Tax Amount			Tax Effect		Net of Tax Effect			Pre-Tax Amount			Tax Effect		Net of Tax Effect			Pre-Tax Amount			Tax Effect		Net of Tax Effect
Foreign currency translation adjustment	$	23,901		$	-	$	23,901		$	25,811		$	-	$	25,811		$	23,305		$	-	$	23,305
Unamortized loss on pension plans		(10,207	)		2,561		(7,646	)		(7,636	)		1,584		(6,052	)		(5,315	)		-		(5,315	)
Unrealized loss on interest rate swaps		(138	)		-		(138	)		(927	)		-		(927	)		(1,917	)		-		(1,917	)
Accumulated other comprehensive income	$	13,556		$	2,561	$	16,117		$	17,248		$	1,584	$	18,832		$	16,073		$	-	$	16,073

Earnings per Share (“EPS”)

Net income or loss per share of Class A common stock and Class B common stock is computed using the two-class method.  Grants of restricted stock which receive non-forfeitable dividends are required to be included as part of the basic weighted average share calculation under the two-class method.

Holders of Class A common stock are entitled to cash dividends equal to 110% of all dividends declared and paid on each share of Class B common stock. The Company grants shares of unvested restricted stock in the form of Class A shares, which carry the same distribution rights as the Class A common stock described above.  As such, the undistributed earnings for each period are allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive.

Basic EPS

Basic net income or loss per share is computed by dividing net income or loss allocated to Class A common stock and Class B common stock by the weighted-average number of shares of Class A common stock and Class B common stock outstanding, respectively.  In periods with cumulative year to date net income and undistributed income, the undistributed income for each period is allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive.  In periods where there is a cumulative year to date net loss or no undistributed income because distributions through dividends exceed net income, Class B shares are treated as anti-dilutive and, therefore, net losses are allocated equally on a per share basis among all participating securities.

For the years ended September 28, 2012, September 30, 2011 and October 1, 2010 basic income per share for Class A and Class B shares has been presented using the two class method as described above.

Diluted EPS

Diluted net income per share is computed by dividing allocated net income by the weighted-average number of common shares outstanding, adjusted for the effect of dilutive stock options and non-vested restricted stock. Anti-dilutive stock options and non-vested stock are excluded from the calculation of diluted EPS.  The computation of diluted net income per share of Class A common stock assumes that Class B common stock is converted into Class A common stock.  Therefore, diluted net income per share is the same for both Class A and Class B common shares.  In periods where the Company reports a net loss, the effect of anti-dilutive stock options and non-vested stock is excluded and diluted loss per share is equal to basic loss per share.

For the years ended September 28, 2012, September 30, 2011 and October 1, 2010, diluted net income per share reflects the effect of dilutive stock options and assumes the conversion of Class B common stock into Class A common stock.

Stock options that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 5,850, 15,066 and 16,063 for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively.  Non-vested stock that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 495,235, 472,761 and 325,172 for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively.

F-13

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:

	2012			2011			2010
Net income	$	10,134		$	32,644		$	6,539
Less: Undistributed earnings reallocated to non-vested shareholders		(506	)		(1,429	)		(201	)
Dilutive earnings	$	9,628		$	31,215		$	6,338
Weighted average common shares – Basic:
Class A		8,155			8,045			8,008
Class B		1,216			1,216			1,217
Dilutive stock options		8			26			42
Weighted average common shares - Dilutive		9,379			9,287			9,267
Net income per common share – Basic:
Class A	$	1.04		$	3.40		$	0.69
Class B	$	0.94		$	3.07		$	0.63
Net income per common share – Dilutive:
Class A	$	1.03		$	3.36		$	0.68
Class B	$	1.03		$	3.36		$	0.68

Stock-Based Compensation

Stock-based compensation cost is recorded for all option grants and awards of non-vested stock 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. No stock options were granted in 2012, 2011 or 2010.  See Note 10 of the Notes to Consolidated Financial Statements for information regarding the Company’s stock-based incentive plans, including stock options, non-vested stock, and employee stock purchase plans.

Cash flows from income tax benefits resulting from tax deductions in excess of the compensation expense recognized for stock-based awards have been classified as financing cash flows.

Income Taxes

The Company provides for income taxes currently payable and deferred income taxes resulting from temporary differences between financial statement and taxable income.  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 bases of assets and liabilities, using enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred income tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.  A valuation allowance is established if it is more likely than not that some portion or all of a deferred income tax asset will not be realized. See Note 6 of the Notes to Consolidated Financial Statements for further discussion.

F-14

Employee Benefits

The Company and certain of its subsidiaries have various retirement and profit sharing plans. The Company does not have any significant foreign retirement plans. Pension obligations, which are generally based on compensation and years of service, are funded by payments to pension fund trustees. The Company’s policy is to annually fund the minimum amount required under the Employee Retirement Income Security Act of 1974 for plans subject thereto. Other retirement costs are funded at least annually. See Note 7 of the Notes to Consolidated Financial Statements for additional discussion.

Foreign Operations and Related Derivative Financial Instruments

The functional currencies of the Company’s foreign operations are the local currencies. Accordingly, assets and liabilities of foreign operations are translated into U.S. dollars at the rate of exchange existing at the end of the year. Results of operations are translated at monthly average exchange rates. Adjustments resulting from the translation of foreign currency financial statements are classified as Accumulated other comprehensive income (loss), a separate component of Shareholders’ equity.

Currency gains and losses are recognized when assets and liabilities of foreign operations, denominated in other than their local currency, are converted into the local currency of the entity. Additionally, currency gains and losses are recognized through the settlement of transactions denominated in other than the local currency. The Company recognized currency gains from transactions of $92 in 2012 and currency losses of  $2,061 and $610 in 2011 and 2010, respectively, all of which were included in the “Other (income) expense, net” line of the Company’s Consolidated Statements of Operations.

Because the Company operates internationally, it has exposure to market risk from movements in foreign currency exchange rates. Approximately 23% of the Company’s revenues for the year ended September 28, 2012 were denominated in currencies other than the U.S. dollar. Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies.  The Company may mitigate a portion of the fluctuations in certain foreign currencies through the purchase of foreign currency swaps, forward contracts and options to hedge known commitments denominated in foreign currencies or borrowings in foreign currencies.  In 2012, 2011 and 2010 the Company used foreign currency forward contracts to reduce the economic risk of changes in foreign currency exchange rates on foreign currency borrowings.  The Company does not enter into foreign exchange contracts for trading or speculative purposes.

Revenue Recognition

The Company recognizes revenue when all of the following criteria have been met:

 ● Persuasive evidence of an arrangement exists.  Contracts, internet commerce agreements, and customer purchase orders are generally used to determine the existence of an arrangement.

● All substantial risk of ownership transfers to the customer.  Shipping documents and customer acceptance, when applicable, are used to verify delivery.

 ● The fee is fixed or determinable.  This is assessed based on the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment.

 ● Collectability is reasonably assured.  We assess collectability based on the creditworthiness of the customer as determined by credit checks and analysis, as well as by the customer’s payment history.

Estimated costs of returns and allowances and discounts are accrued as a reduction to sales when revenue is recognized.

Advertising & Promotions

The Company expenses substantially all costs related to the production of advertising the first time the advertising takes place. Cooperative promotional arrangements are accrued as related revenue is earned.

Advertising and promotions expense in 2012, 2011 and 2010 totaled $21,745, $22,338 and $20,107, respectively. These charges are included in Marketing and selling expenses.  Capitalized advertising costs, included in Other current assets, totaled$1,074 and $752 at September 28, 2012 and September 30, 2011, respectively, and primarily included catalogs and costs of advertising which have not yet run for the first time.

F-15

Shipping and Handling Costs

Shipping and handling fees billed to customers are included in Net sales. Shipping and handling costs are included in Marketing and selling expenses and totaled $10,803, $10,591 and $ 9,697 for 2012, 2011 and 2010, respectively.

Research and Development

The Company expenses research and development costs as incurred except for costs of software development for new electronic products which are capitalized once technological feasibility is established and are included in Furniture, Fixtures and Equipment. The gross amount capitalized related to software development was $14,762, less accumulated amortization of $6,626, at September 28, 2012 and $8,380, less accumulated amortization of $4,399, at September 30, 2011.  These costs are amortized over the expected life of the software of three years.  Amortization expense related to capitalized software in 2012, 2011 and 2010 was $2,227, $1,373 and $489, respectively, and is included in Depreciation expense on Plant, Property and Equipment.

Fair Values

The carrying amounts of cash, cash equivalents, accounts receivable, and accounts payable approximated fair value at September 28, 2012 and September 30, 2011 due to the short maturities of these instruments. During 2012, 2011 and 2010, the Company held foreign currency forward contracts and investments in equity and debt securities that were carried at fair value.  When indicators of impairment are present, the Company may be required to value certain long-lived assets such as property, plant, and equipment, and other intangibles at fair value.

Valuation Techniques

Over the Counter Derivative Contracts

The value of over the counter derivative contracts, such as interest rate swaps and foreign currency forward contracts, are derived using pricing models, which take into account the contract terms, as well as other inputs, including, where applicable, the notional values of the contracts, payment terms, maturity dates, credit risk, interest rate yield curves, and contractual and market currency exchange rates.  The pricing model used for valuing interest rate swaps does not entail material subjectivity because the methodologies employed do not necessitate significant judgment, and the pricing inputs are observed from actively quoted markets.

Rabbi Trust Assets

Rabbi trust assets, used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan, are included in other assets, and are classified as trading securities.  These assets are comprised of marketable debt and equity securities that are marked to fair value based on unadjusted quoted prices in active markets.

Goodwill and Other Intangible Assets

In assessing the recoverability of the Company's goodwill and other intangible assets, the Company estimates the future discounted cash flows of the businesses to which the goodwill relates.  When estimated future discounted cash flows are less than the carrying value of the net assets and related goodwill, an impairment test is performed to measure and recognize the amount of the impairment loss, if any.  In determining estimated future cash flows, the Company makes assumptions regarding anticipated financial position, future earnings and other factors to determine the fair value of the respective assets.

See Note 2 of the Notes to Consolidated Financial Statements for disclosures regarding the fair value of long-term debt and Note 4 of the Notes to Consolidated Financial Statements for disclosures regarding fair value measurement.

Reclassifications

Certain prior year amounts have been reclassified to conform to the 2012 presentation. These reclassifications have no impact on previously reported net income or earnings per share.

F-16

New Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board (“FASB”) issued updated authoritative guidance to amend fair value measurements and disclosures.  The guidance became effective for the Company on a prospective basis during its 2012 fiscal second quarter.  This guidance is intended to provide a consistent definition of fair value between International Financial Reporting Standards and U.S. GAAP and results in convergence of requirements for measurement of and disclosure about fair value.  The new guidance also changes some fair value measurement principles and enhances disclosure requirements related to activities in Level 3 of the fair value hierarchy.  The Company adopted this updated authoritative guidance effective as of December 31, 2011, the beginning of its second quarter of fiscal 2012.  The Company’s adoption of this authoritative guidance did not have a significant impact on the Company’s Consolidated Financial Statements.

In July 2012, The FASB issued guidance to amend and simplify the rules related to testing indefinite-lived intangible assets.  The revised guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not that the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment.  The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012.  The adoption of this guidance will not have a material effect on the Company’s Consolidated Financial Statements.

In September 2011, the FASB issued guidance to amend and simplify the rules related to testing goodwill for impairment.  The revised guidance allows an entity to make an initial qualitative evaluation, based on the entity’s events and circumstances, to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  The results of this qualitative assessment determine whether it is necessary to perform the currently required two-step impairment test.  The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The adoption of this guidance will not have a material effect on the Company’s Consolidated Financial Statements.

In December 2011, the FASB issued updated authoritative guidance to amend the presentation of comprehensive income in financial statements.  The guidance becomes effective on a retroactive basis for the Company’s first quarter of fiscal 2013.  This new guidance allows companies the option to present other comprehensive income in either a single continuous statement or in two separate but consecutive statements.  It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.  Under both alternatives, companies will be required to present each component of net income and comprehensive income. The adoption of this updated authoritative guidance will impact the presentation of the Company’s Consolidated Financial Statements, but it will have no effect on the Company’s financial condition, results of operations or cash flow.

2           INDEBTEDNESS

Debt was comprised of the following at September 28, 2012 and September 30, 2011:

	2012		2011
Term loans	$	8,456	$	14,367
Revolvers		-		-
Other		404		605
Total debt		8,860		14,972
Less current portion of long term debt		526		3,494
Less short term notes payable and revolving credit lines		-		-
Total long-term debt	$	8,334	$	11,478

F-17

Term Loans

The Company’s term loans have a maturity date of September 29, 2029.  Each term loan requires monthly payments of principal and interest. Interest on the aggregate outstanding amount of the term loans is based on the prime rate plus an applicable margin.  The interest rate in effect on the term loans was 5.25% at September 28, 2012.

The term loans are guaranteed in part under the United States Department of Agriculture Rural Development program and are secured with a first priority lien on land, buildings, machinery and equipment of the Company’s domestic subsidiaries and a second priority lien on working capital and certain patents and trademarks of the Company and its subsidiaries.  Any proceeds from the sale of secured property are first applied against the related term loans and then against the Revolvers.

The aggregate term loan borrowings are subject to a pre-payment penalty.  The penalty is currently 8% of the pre-payment amount, and the penalty will decrease by 1% annually on the anniversary date of the effective date of the loan agreement.

Revolvers

On November 16, 2010, the Company and certain of its subsidiaries entered into amendments to their Revolving Credit Agreements (or “Revolvers”).  The amended terms of the Revolvers, maturing on November 16, 2014, provide for funding of up to $75,000, with an accordion feature that allows the Company to have an option to increase the maximum seasonal financing availability subject to the approval of the lenders. Borrowing availability under the Revolvers is based on certain eligible working capital assets, primarily accounts receivable and inventory of the Company and its subsidiaries. The Revolvers contain a seasonal line reduction that reduces the maximum amount of borrowings during the period from mid-July to mid-November, consistent with the Company's reduced working capital needs throughout that period, and requires an annual seasonal pay down provision that reduces the borrowing capacity to $30,000 for 60 consecutive days.  The amendments to the Revolvers reset the interest rate calculation each quarter,  by instituting an applicable margin based on the Company’s leverage ratio for the trailing twelve month period.

The interest rate on the Revolvers is based on LIBOR or the prime rate, at the Company’s discretion, plus an applicable margin.  If the Company had such borrowings, the interest rate in effect on the Revolvers would have been approximately  2.50% at September 28, 2012.

The Revolvers are secured with a first priority lien on working capital assets and certain patents and trademarks of the Company and its subsidiaries and a second priority lien on land, buildings, machinery and equipment of the Company’s domestic subsidiaries.  As cash collections related to secured assets are applied against the balance outstanding under the Revolvers, the liability is classified as current.  The Company’s remaining borrowing availability under the Revolvers was approximately $28,100 at September 28, 2012.

Under the terms of the Revolvers, the Company is required to comply with certain financial and non-financial covenants.  Among other restrictions, the Company is restricted in its ability to pay dividends, incur additional debt and make acquisitions or divestitures above certain amounts.  The key financial covenants include a minimum fixed charge coverage ratio, limits on minimum net worth and EBITDA, a limit on capital expenditures, and, as noted above, a seasonal pay-down requirement.

Other Borrowings

The Company had no unsecured revolving credit facilities at its foreign subsidiaries as of September 28, 2012.  The Company utilizes letters of credit primarily as security for the payment of future claims under its workers’ compensation insurance which totaled $1,401 and $2,103 at September 28, 2012 and September 30, 2011, respectively.  The Company has no unsecured lines of credit as of September 28, 2012 or September 30, 2011.

F-18

Aggregate scheduled maturities of long-term debt as of September 28, 2012 were as follows:

Fiscal Year
2013	$	526
2014		514
2015		359
2016		367
2017		388
Thereafter		6,706
Total	$	8,860

Interest paid was $1,150, $1,919 and $2,537 for 2012, 2011 and 2010, respectively.

The weighted average borrowing rate for short-term debt was approximately 2.6%, 3.4% and 5.3% for 2012, 2011 and 2010, respectively.

Based on the borrowing rates currently available to the Company for debt with similar terms and maturities, the fair value of the Company’s long-term debt as of September 28, 2012 and September 30, 2011 was approximately $8,860 and $14,972, respectively.

Certain of the Company’s loan agreements require that the Company’s Chief Executive Officer, Helen P. Johnson-Leipold, members of her family and related entities (hereinafter the Johnson Family) continue to own stock having votes sufficient to elect a majority of the directors. At November 30, 2012, the Johnson Family held 3,775,826 shares or approximately 44% of the Class A common stock, 1,211,196 shares or approximately 100% of the Class B common stock and approximately 77% of the voting power of both classes of common stock taken as a whole.

3         DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The following disclosures describe the Company’s objectives in using derivative instruments, the business purpose or context for using derivative instruments, and how the Company believes the use of derivative instruments helps achieve the stated objectives.  In addition, the following disclosures describe the effects of the Company’s use of derivative instruments and hedging activities on its financial statements.

Foreign Exchange Risk

The Company has significant foreign operations, for which the functional currencies are denominated primarily in euros, Swiss francs, Japanese yen and Canadian dollars. As the values of the currencies of the foreign countries in which the Company has operations increase or decrease relative to the U.S. dollar, the sales, expenses, profits, losses, assets and liabilities of the Company’s foreign operations, as reported in the Company’s consolidated financial statements, increase or decrease, accordingly. Approximately 23% of the Company’s revenues for the fiscal year ended September 28, 2012 were denominated in currencies other than the U.S. dollar.  Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies.  Changes in foreign currency exchange rates can cause unexpected financial losses or cash flow needs.

The Company mitigates a portion of the fluctuations in certain foreign currencies through the use of foreign currency forward contracts.  Foreign currency forward contracts enable the Company to lock in the foreign currency exchange rate for a fixed amount of currency to be paid or received on a specified date in the future. The Company uses such foreign currency forward contracts to mitigate the risk associated with changes in foreign currency exchange rates on financial instruments and known commitments denominated in foreign currencies. None of the Company’s derivative financial instruments have been designated as hedging instruments.

As of September 28, 2012, the Company held one foreign currency forward contract with a notional value of 4,400 Swiss francs.  See “Note 4 – Fair Value Measurements” for information regarding the fair value and financial statement presentation of this derivative.

F-19

Interest Rate Risk

The Company operates in a seasonal business and experiences significant fluctuations in operating cash flow as working capital needs increase in advance of the Company’s primary selling and cash generation season, and decline as accounts receivable are collected and cash is accumulated or debt is repaid.  The Company’s goal in managing its interest rate risk is to maintain a mix of floating rate and fixed rate debt such that permanent non-equity capital needs are largely funded with long term fixed rate debt and seasonal working capital needs are funded with short term floating rate debt.

When the appropriate mix of fixed rate or floating rate debt cannot be directly obtained in a cost effective manner, the Company may enter into interest rate swap contracts in order to change floating rate interest into fixed rate interest or vice versa for a specific amount of debt in order to achieve the desired proportions of floating rate and fixed rate debt.  An interest rate swap is a contract in which the Company agrees to exchange, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to an agreed upon notional principal amount.  The notional amount is the equivalent amount of debt that the Company wishes to change from a fixed interest rate to a floating interest rate or vice versa and is the basis for calculating the related interest payments required under the interest rate swap contract.

As of September 28, 2012, the Company had approximately $138 of unrealized loss in accumulated other comprehensive income (“AOCI”) related to a formerly effective interest rate swap that had subsequently become ineffective on January 2, 2009. The Company expects that the amount remaining in AOCI will be amortized into interest expense by the end of the first fiscal quarter of 2013.

The Company held no interest rate swap contracts in 2012 or 2011.  As of September 28, 2012, the Company was unhedged with respect to interest rate risk on its floating rate debt.

The following discloses the location of loss reclassified from AOCI into net income related to derivative instruments during the years ended September 28, 2012, September 30, 2011, and October 1, 2010:

Loss reclassified from AOCI into:	2012		2011		2010
Interest expense	$	789	$	990	$	2,045

The following discloses the location and amount of income or loss recognized for changes in the fair value of derivative instruments not designated as hedging instruments for the years ended September 28, 2012, September 30, 2011, and October 1, 2010:

	Location of  loss (gain)
Derivatives not designated as	recognized in Statement
hedging instruments	of Operations	2012			2011				2010
Foreign exchange forward contract	Other (income) expense, net		$	306		$	(361	)		$	565

F-20

4         FAIR VALUE MEASUREMENTS

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. A fair value hierarchy has been established based on three levels of inputs, of which the first two are considered observable and the last unobservable.

 ● Level 1 - Quoted prices in active markets for identical assets or liabilities. These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets.

 ● Level 2 - Inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly. These are typically obtained from readily-available pricing sources for comparable instruments.

 ● Level 3 - Unobservable inputs, where there is little or no market activity for the asset or liability. These inputs reflect the reporting entity’s own assumptions of the data that market participants would use in pricing the asset or liability, based on the best information available in the circumstances.

The following table summarizes the Company's financial assets measured at fair value as of September 28, 2012:
	Level 1		Level 2		Level 3		Total
Assets:
Rabbi trust assets	$	7,289	$	-	$	-	$	7,289
Foreign currency forward contracts		-		173		-		173
The following table summarizes the Company's financial assets and liabilities measured at fair value as of September 30, 2011:
	Level 1		Level 2		Level 3		Total
Assets:
Rabbi trust assets	$	5,385	$	-	$	-	$	5,385
Liabilities:
Foreign currency forward contracts		-		128		-		128

Rabbi trust assets are classified as trading securities and are comprised of marketable debt and equity securities that are marked to fair value based on unadjusted quoted prices in active markets.  The rabbi trust assets are used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan.  The mark-to-market adjustments are recorded in “Other (income) expense, net” in the Consolidated Statements of Operations.

The fair value of the foreign exchange forward contract reported above was measured using the market value approach based on foreign currency exchange rates and the notional amount of the forward contract. The mark-to-market adjustments are recorded in “Other (income) expense, net.”

F-21

The effect of changes in the fair value of financial instruments on the Consolidated Statements of Operations for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively, was:
	Location of (income) loss recognized in Statement of Operations	2012				2011				2010
Rabbi trust assets	Other (income) expense, net		$	(1,153	)		$	382			$	(730	)
Foreign currency forward contracts	Other (income) expense, net			306				(361	)			565

Certain assets and liabilities are measured at fair value on a non-recurring basis in periods subsequent to their initial recognition.

During 2012, the Company recorded impairment on a trademark held by the Marine Electronics business, reducing its fair value to $0.  A $609 charge was included in “Administrative management, finance and information systems” expenses in the Marine Electronics segment related to this impairment during 2012.

During 2011, the Company recognized impairment of $334 on part of its facility in Ferndale, Washington in order to write the asset down to its estimated fair value of approximately $1,300.  The fair value of the facility was determined using a market approach based on recent selling prices of comparable properties. The impairment charge was included in “Other (income) expense, net” in the Company’s accompanying Consolidated Statements of Operations in the Watercraft segment.  This facility was sold in 2012 for approximately its fair value.

During 2010, the Company recognized impairment related to a warehouse facility in Casarza-Ligure, Italy of $114 to write the asset down to its fair value of $656.  The fair value of the facility was determined using a market approach based on recent selling prices of comparable properties.  The impairment charge was included in “Administrative management, finance and information systems” expenses in the Diving segment.  This facility was sold in March 2010 for $634.

The following table summarizes the Company's assets measured at fair value on a non-recurring basis as of September 28, 2012 and the losses recognized as a result of this measurement in 2012:
	Level 1		Level 2		Level 3		Losses incurred
Other intangibles	$	-	$	-	$	-	$	609
The following table summarizes the Company's assets measured at fair value on a non-recurring basis as of September 30, 2011 and the losses recognized as a result of this measurement in 2011:
	Level 1		Level 2		Level 3		Losses incurred
Property, plant and equipment	$	-	$	-	$	1,300	$	334

F-22

5   LEASES AND OTHER COMMITMENTS

The Company leases certain facilities and machinery and equipment under long-term, non-cancelable operating leases. Future minimum rental commitments under non-cancelable operating leases with an initial lease term in excess of one year at September 28, 2012 were as follows:

Year	Related parties included in total		Total
2013	$	1,091	$	6,127
2014		1,005		4,627
2015		874		4,150
2016		929		3,005
2017		156		1,769
Thereafter		-		1,131

Rental expense under all leases was approximately $9,126, $8,731 and $8,990 for 2012, 2011 and 2010, respectively.  Rent expense to related parties was $1,124, $849 and $799 for 2012, 2011 and 2010, respectively.

6         INCOME TAXES

The U.S. and foreign income before income taxes for the respective years consisted of the following:

	2012				2011			2010
United States		$	20,332			$	11,133		$	7,873
Foreign			(406	)			1,117			1,319
		$	19,926			$	12,250		$	9,192

Income tax expense (benefit) for the respective years consisted of the following:

	2012		2011			2010
Current:
Federal (net of tax benefit from operating loss carryforward of $3,098, $2,505 and $5,260, respectively)	$	828	$	-		$	-
State		378		642			483
Foreign		1,595		2,000			1,164
Deferred		6,991		(23,036	)		1,006
	$	9,792	$	(20,394	)	$	2,653

F-23

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at the end of the respective years are presented below:

	2012		2011
Deferred tax assets:
Inventories	$	3,700	$	3,902
Compensation		8,635		10,258
Tax credit carryforwards		8,331		8,519
Goodwill and other intangibles		3,181		3,639
Net operating loss carryforwards		7,507		11,109
Depreciation and amortization		220		751
Other		5,178		5,385
Total gross deferred tax assets		36,752		43,563
Less valuation allowance		13,299		14,300
Deferred tax assets		23,453		29,263
Deferred tax liabilities:
Foreign statutory reserves		694		348
Net deferred tax assets	$	22,759	$	28,915

The net deferred tax assets are recorded in the Consolidated Balance Sheet as follows:

	2012		2011
Current assets	$	8,645	$	9,732
Non-current assets		14,808		19,531
Non-current liabilities		694		348
Net deferred tax assets	$	22,759	$	28,915

The significant differences between the statutory federal tax rate and the effective income tax rates for the Company for the respective years shown below are as follows:

	2012			2011			2010
Statutory U.S. federal income tax rate		35.0	%		35.0	%		35.0	%
Foreign rate differential		(1.0	)		(0.9	)		(3.6	)
State income tax, net of federal benefit		3.1			4.2			5.3
Increase (Decrease) in valuation reserve for deferred tax assets		7.1			(211.0	)		(8.1	)
Other		4.9			6.2			0.3
		49.1	%		(166.5	)%		28.9	%

F-24

The Company’s net operating loss carryforwards and their expirations are as follows:

	State		United States		Foreign		Total
Year of expiration
2013-2017	$	15,606	$	-	$	2,718	$	18,324
2018-2022		205		-		259		464
2023-2027		5,865		-		939		6,804
2028-2032		4,144		-		1,671		5,815
Indefinite		-		-		11,846		11,846
Total	$	25,820	$	-	$	17,433	$	43,253

The Company has tax credit carryforwards comprised of foreign tax credits, research and development and other state credits that begin to expire in 2020.

Under generally accepted accounting principles, the Company considers at each reporting period all available evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance is needed to reduce its deferred tax asset to an amount that is more likely than not to be realized.  The determination of the need for a valuation allowance for the deferred tax assets is dependent upon management’s evaluation of both positive and negative evidence.  Positive evidence includes the probability of achieving forecasted future taxable income, applicable tax strategies and assessments of the current and future economic and business conditions.  Negative evidence includes the Company’s cumulative losses and expiring tax carryforwards.  

The change in the valuation allowance in 2012 provided a negative impact of $1,410 to the effective tax expense.  The amount was primarily the result of increases in foreign valuation allowances of $1,787, which were partially offset by U.S. usage of tax attributes totaling $377.  In fiscal 2012, the Company established a valuation allowance of $173 against the net deferred tax assets in the New Zealand tax jurisdiction based on a cumulative earnings deficit.  Additional operating losses in France, Japan, Italy, Spain and United Kingdom also increased the valuation allowance by $1,614 in fiscal 2012.

At September 30, 2011, the Company’s federal and state deferred tax assets were comprised of future tax benefits associated with net operating loss carryforwards and future deductions and credits and, prior to a valuation allowance, totaled $34,814. Based upon future projections and the fact that the Company’s U.S. operations generated cumulative profits over the three year period ended September 30, 2011, the Company believed it would generate sufficient taxable income before most tax assets will expire.  It therefore concluded during fiscal 2011 that a valuation allowance was no longer required for the majority of the federal deferred tax assets.

The decrease in the valuation allowance in 2011, due to usage during the year and the year-end reversal, provided a benefit of $25,305 to the Company’s effective tax expense.  This was partially offset by the increase in foreign valuation allowances of $2,419.  In fiscal 2011 the Company established a valuation allowance of $903 against the net deferred tax assets in French tax jurisdictions based upon a cumulative earnings deficit.  Additional operating losses in Japan, Italy, Spain and United Kingdom also increased the valuation allowance by $1,516 in fiscal 2011.

In 2010, the valuation allowance positive impact of $744 to the effective tax expense was primarily the result of the U.S. usage of tax benefits related to net operating losses and the corresponding reversal of valuation allowances of $2,539, which were partially offset by the increase in foreign valuation allowances of $1,795.  In fiscal 2010 the Company established a valuation allowance of $1,020 against the net deferred tax assets in an Italian tax jurisdiction based on a cumulative earnings deficit and eliminated the valuation allowance of $75 against the net deferred tax assets in the New Zealand tax jurisdiction based on positive cumulative earnings.  Continual net operating losses in Japan, Spain and United Kingdom also increased the valuation allowance by $810.

Taxes paid were $3,163, $878 and $835 for 2012, 2011 and 2010, respectively.

The decrease in deferred tax assets due to utilization of U.S. federal net operating loss carryforwards was $5,260, $3,135 and $3,098 for 2012, 2011 and 2010, respectively.

F-25

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance at October 1, 2010	$	1,290
Lapse of statute of limitations		(240	)
Gross increases - tax positions in  period		205
Balance at September 30, 2011	$	1,255
Settlement		(168	)
Lapse of statute of limitations		(122	)
Gross increases - tax positions in  period		719
Balance at September 30, 2011	$	1,684
Settlement		(773	)
Lapse of statute of limitations		(123	)
Gross increases - tax positions in  period		1,112
Balance at September 28, 2012	$	1,900

Unrecognized tax benefits are included in accrued taxes in the accompanying Consolidated Balance Sheets.

In accordance with its accounting policy, the Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. The total accrued interest with respect to income taxes was approximately $361 and $248 for the years ended September 28, 2012 and September 30, 2011, respectively.  Interest of $113, $39 and $86 was recorded as a component of income tax expense in the accompanying Consolidated Statements of Operations during fiscal years 2012, 2011 and 2010, respectively.

The Company is currently undergoing examination in the Netherlands and Italy.  There was a change in unrecognized tax benefits as a result of the settlement of a tax audit in Italy in the year ended September 28, 2012 and in Germany in the year ended September 30, 2011.  The amount of unrecognized tax benefits recognized within the next twelve months may decrease due to expiration of the statute of limitations for certain years in various jurisdictions.  However, it is possible that a jurisdiction may open an audit prior to the statute expiring or one of the above audits may adjust the Company’s tax filings.  At this time, an estimate of the range of the reasonably possible change cannot be made.

The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions. The following tax years remain subject to examination by the respective major tax jurisdictions:

Jurisdiction	Fiscal Years
United States		2009-2012
Canada		2008-2012
France		2009-2012
Germany		2009-2012
Italy		2009-2012
Japan		2012
Switzerland		2002-2012

Federal and state income taxes are provided on foreign subsidiary income distributed to, or taxable in, the U.S. during the year.  In 2010, the Company reversed $2,900 of U.S. tax on undistributed earnings of its Canadian subsidiary considered not permanently reinvested as a result of attributed dividend repatriation. As of September 28, 2012, net undistributed earnings of foreign subsidiaries totaled approximately $113,031. The Company considers these unremitted earnings to be permanently invested abroad and no provision for federal or state income taxes has been made on these amounts. In the future, if foreign earnings are returned to the U.S., additional tax may result, although the calculation of such additional taxes is not practical at this time.  As of September 28, 2012, the Company held approximately $46,400 of cash and cash equivalents in bank accounts in foreign taxing jurisdictions.

F-26

7         EMPLOYEE BENEFITS

The Company has non-contributory defined benefit pension plans covering certain U.S. employees. Retirement benefits are generally provided based on employees’ years of service and average earnings. Normal retirement age is 65, with provisions for earlier retirement.  The Company elected to freeze its U.S. defined benefit pension plans as of September 30, 2009 and as a result, there are no benefit accruals related to service performed after that date.

The financial position of the Company’s non-contributory defined benefit plans as of fiscal year end 2012 and 2011 was as follows:

	2012			2011
Projected benefit obligation:
Projected benefit obligation, beginning of year	$	21,032		$	19,369
Service cost		-			-
Interest cost		1,036			1,003
Actuarial loss		4,224			1,446
Benefits paid		(776	)		(786	)
Projected benefit obligation, end of year		25,516		$	21,032
Fair value of plan assets:
Fair value of plan assets, beginning of year		11,304			11,817
Actual gain (loss) on plan assets		2,259			(91	)
Company contributions		886			364
Benefits paid		(776	)		(786	)
Fair value of plan assets, end of year		13,673			11,304
Funded status of the plans		(11,843	)		(9,728	)
Amounts recognized in the Consolidated Balance Sheets consist of:
Current pension liabilities		191			197
Non-current pension liabilities		11,650			9,531
Accumulated other comprehensive loss		(10,207	)		(7,636	)
Components of accumulated other comprehensive loss:
Net actuarial loss		(10,207	)		(7,636	)
Accumulated other comprehensive loss	$	(10,207	)	$	(7,636	)

Net periodic benefit cost for the non-contributory defined benefit pension plans for the respective years included the following pre-tax amounts:

	2012			2011			2010
Interest cost	$	1,036		$	1,003		$	993
Expected return on plan assets		(942	)		(962	)		(972	)
Amortization of unrecognized net actuarial loss		335			177			94
Net periodic pension cost		429			218			115
Other changes in benefit obligations recognized in other comprehensive income (loss), (OCI):
Net actuarial loss		2,571			2,321			497
Total recognized in net periodic pension cost and OCI	$	3,000		$	2,539		$	612

F-27

The Company expects to recognize $628 of unrecognized loss amortization as a component of net periodic benefit cost in 2013.  This amount is included in accumulated other comprehensive income as of September 28, 2012.

At September 28, 2012, the aggregate accumulated benefit obligation and aggregate fair value of plan assets for plans with benefit obligations in excess of plan assets was $25,516 and $13,673, respectively, and there were no plans with plan assets in excess of benefit obligations. At September 30, 2011, the aggregate accumulated benefit obligation and aggregate fair value of plan assets for plans with benefit obligations in excess of plan assets was $21,032 and $11,304, respectively, and there were no plans with plan assets in excess of benefit obligations.

The Company anticipates making contributions to the defined benefit pension plans of $1,140 through September 27, 2013.

Estimated benefit payments from the defined benefit plans to participants for the five years ending September 29, 2017 and five years thereafter are as follows:

2013	$	880
2014		905
2015		915
2016		967
2017		978
Five years thereafter		5,553

Actuarial assumptions used to determine the projected benefit obligation and net periodic pension cost as of the following fiscal years are as follows:

	Projected Benefit Obligation									Net Periodic Pension Cost
	2012			2011			2010			2012			2011			2010
Discount rate		4.00	%		5.00	%		5.25	%		5.00	%		5.25	%		5.50	%
Long-term rate of return		N/A			N/A			N/A			7.50	%		7.50	%		8.00	%
Average salary increase rate		N/A			N/A			N/A			N/A			N/A			N/A

The impact of the change in discount rates resulted in an actuarial loss of approximately $3,617, $747 and $705 in 2012, 2011 and 2010, respectively. The remainder of the actuarial losses for each year results from adjustments to mortality tables, other modifications to actuarial assumptions and investment returns in excess of, or less than, estimates.

To determine the discount rate assumption used in the Company’s pension valuation, the Company identified a benefit payout stream based on the demographics of the pension plans and constructed a hypothetical bond portfolio using high-quality corporate bonds with cash flows that matched that benefit payout stream.  A yield curve was calculated based on this hypothetical portfolio which was used for the discount rate determination.

F-28

The Company determines the long-term rate of return assumption for plan assets by using the historical asset returns for various investment asset classes and adjusting them to reflect future expectations.  The expected asset class returns are weighted by the targeted asset allocations, resulting in a weighted average return which is rounded to the nearest quarter percent.

The Company uses measurement dates of October 1 to determine pension expenses for each year and the last day of the fiscal year to determine the fair value of the pension assets.

The Company’s pension plans’ weighted average asset allocations at September 28, 2012 and September 30, 2011, by asset category were as follows:

	2012			2011
Equity securities		74	%		75	%
Fixed income securities		25	%		24	%
Other securities		1	%		1	%
		100	%		100	%

The Company’s primary investment objective for the plans’ assets is to maximize the probability of meeting the plans’ actuarial target rate of return of 7.5%, with a secondary goal of returning 4% above the rate of inflation. These return objectives are targeted while simultaneously striving to minimize risk of loss to the plans’ assets. The investment horizon over which the investment objectives are expected to be met is a full market cycle or five years, whichever is greater.

The Company’s investment strategy for the plans is to invest in a diversified portfolio that will generate average long-term returns commensurate with the aforementioned objectives while minimizing risk.

The following table summarizes the Company's pension plan assets measured at fair value as of September 28, 2012:
	Level 1		Level 2		Level 3		Total
Description:
Mutual fund	$	13,290	$	-	$	-	$	13,290
Money market funds		52		-		-		52
Group annuity contract		-		-		331		331
Total	$	13,342	$	-	$	331	$	13,673

The following table summarizes the Company's pension plan assets measured at fair value as of September 30, 2011:
	Level 1		Level 2		Level 3		Total
Description:
Mutual fund	$	10,854	$	-	$	-	$	10,854
Money market funds		3		-		-		3
Group annuity contract		-		-		447		447
Total	$	10,857	$	-	$	447	$	11,304

F-29

The tables below set forth a summary of changes in fair value of the Company’s Level 3 pension plan assets for the years ended September 28, 2012 and September 30, 2011:

	2012			2011
Level 3 assets, beginning of year	$	447		$	471
Unrealized gain (loss)		(7	)		16
Purchases, sales, issuances and settlements, net		(109	)		(40	)
Level 3 assets, end of year	$	331		$	447

The fair values of the money market fund and mutual fund were derived from quoted market prices as substantially all of these instruments have active markets.  The fair value of the group annuity contract was derived using a discounted cash flow model with inputs based on current yields of similar instruments with comparable durations.  The asset allocation of the mutual fund is a U.S. large-cap blend based on a moderate allocation style, generally investing approximately 70% to 75% in equity securities and the remainder in fixed income securities.  The annuity contract consists of high quality bonds.

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 classified as other liabilities on our accompanying Consolidated Balance Sheets, was approximately $7,310 and $5,405 as of September 28, 2012 and September 30, 2011, respectively.

A majority of the Company’s full-time employees are covered by defined contribution programs. Expense attributable to the defined contribution programs was approximately $882, $853 and $826 for 2012, 2011 and 2010, respectively.

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 or outstanding.

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:

	2012		2011
Class A, $0.05 par value:
Authorized		20,000,000		20,000,000
Outstanding		8,676,703		8,567,549
Class B, $0.05 par value:
Authorized		3,000,000		3,000,000
Outstanding		1,215,758		1,215,842

F-30

Holders of Class A common stock are entitled to elect 25% of the members of the Company’s Board of Directors and holders of Class B common stock are entitled to elect the remaining directors. With respect to matters other than the election of directors or any matters for which class voting is required by law, holders of Class A common stock are entitled to one vote per share while holders of Class B common stock are entitled to ten votes per share. If any dividends (other than dividends paid in shares of the Company’s stock) are paid by the Company on its common stock, a dividend would be paid on each share of Class A common stock equal to 110% of the amount paid on each share of Class B common stock. Each share of Class B common stock is convertible at any time into one share of Class A common stock. During 2012 and 2011 there were 84 and 622 shares of Class B common stock converted into Class A common stock, respectively. There were no shares of Class A common stock converted into Class B common stock.

10       STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS

The Company’s current stock ownership plans provide for issuance of options to acquire shares of Class A common stock by key executives and non-employee directors. Current plans also allow for issuance of shares of restricted stock or stock appreciation rights in lieu of options.

Under the Company’s 2010 Long-Term Stock Incentive Plan and the 2003 Non-Employee Director Stock Ownership Plan there were 843,749 shares of the Company’s Class A common stock available for grant to key executives and non-employee directors at September 28, 2012.

Stock Options

All stock options have been granted at a price not less than fair market value at the date of grant and are currently exercisable. Stock options generally have a term of 10 years.

All of the Company’s stock options outstanding are fully vested, with no further compensation expense to be recorded. There were no grants of stock options in 2012, 2011 or 2010.

A summary of stock option activity related to the Company’s plans is shown below.

	Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (Years)
Outstanding and exercisable at October 2, 2009		180,288		$	8.23
Exercised		(55,250	)		7.29
Cancelled		(11,334	)		9.39
Outstanding and exercisable at October 1, 2010		113,704			8.57
Exercised		(40,780	)		5.79
Cancelled		(4,334	)		6.28
Outstanding and exercisable at September 30, 2011		68,590			10.37
Exercised		(43,390	)		7.79	$	351
Cancelled		(1,834	)		7.42		26
Outstanding and exercisable at September 28, 2012		23,366			15.39		139	1.6

F-31

The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price of $21.39 as of September 28, 2012, which would have been received by the option holders had those option holders exercised their stock options as of that date.  The intrinsic values of the stock received upon exercise of such options at their date of exercise during 2012, 2011 and 2010 were $689, $567 and $564, respectively.

The Company received cash proceeds from stock option exercises totaling $338, $323 and $484 for the years ending September 28, 2012, September 30, 2011 and October 1, 2010, respectively.

Non-Vested Stock

All shares of non-vested stock awarded by the Company have been granted at their fair market value on the date of grant and vest either immediately or within five years after the grant date.  The fair value at date of grant is based on the number of shares granted and the average of the Company’s high and low Class A common stock price on the date of grant or, if the Company’s shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock price on the last preceding date on which the Company’s shares traded.

A summary of non-vested stock activity for the two year period ended September 28, 2012 related to the Company’s stock ownership plans is as follows:

				Weighted Average
	Shares			Grant Price
Non-vested stock at October 1, 2010		325,172		$	10.99
Non-vested stock grants		161,825			13.74
Non-vested stock cancelled		(4,466	)		9.12
Restricted stock vested		(9,770	)		15.35
Non-vested stock at September 30, 2011		472,761			11.86
Non-vested stock grants		66,312			16.02
Non-vested stock cancelled		(4,360	)		9.12
Restricted stock vested		(41,165	)		17.81
Non-vested stock at September 28, 2012		493,548		$	11.95

Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of shares by tendering a portion of the vested shares back to the Company. Shares tendered back to the Company were 6,621 and 0 during 2012 and 2011, respectively.  The fair value of restricted stock vested during 2012, 2011 and 2010 was approximately $660, $150 and $125, respectively.

Stock compensation expense, net of forfeitures, related to non-vested stock was $1,666, $1,436 and $956 during 2012, 2011 and 2010, respectively.  The tax benefit recognized during 2012, related to stock based compensation was $633.  There were no material tax benefits for stock based compensation recognized during 2011 and 2010.  Unrecognized compensation cost related to non-vested stock as of September 28, 2012 was $2,246, which amount will be amortized to expense through November 2016 or adjusted for changes in future estimated or actual forfeitures.

Employee Stock Purchase Plan

The 2009 Employees’ Stock Purchase Plan (the “Purchase Plan”) provides for the issuance of shares of Class A common stock at a purchase price of not less than 85% of the fair market value of such shares on the date of grant or at the end of the offering period, whichever is lower.

The Company issued 10,349, 5,475 and 10,448 shares of Class A common stock under the Purchase Plan during the years 2012, 2011 and 2010, respectively, and recognized expense of $30, $16 and $24 in 2012, 2011 and 2010, respectively.   

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11      RELATED PARTY TRANSACTIONS

The Company conducts transactions with certain related parties including organizations controlled by the Johnson Family and other related parties. These transactions include consulting services, aviation services, office rental, and certain administrative activities. Total costs of these transactions were $1,479, $1,487 and $1,674 for 2012, 2011 and 2010, respectively. Amounts due to/from related parties were immaterial at September 28, 2012 and September 30, 2011.

12      SEGMENTS OF BUSINESS

The Company conducts its worldwide operations through separate business segments, each of which represent major product lines. Operations are conducted in the U.S. and various foreign countries, primarily in Europe, Canada and the Pacific Basin.

Net sales and operating profit include both sales to customers, as reported in the Company’s Consolidated Statements of Operations, and inter-unit transfers, which are priced to recover costs plus an appropriate profit margin. Total assets represent assets that are used in the Company’s operations in each business segment at the end of the years presented.

F-33

A summary of the Company’s operations by business segment is presented below:

	2012			2011			2010
Net sales:
Marine Electronics:
Unaffiliated customers	$	231,014		$	221,839		$	185,206
Interunit transfers		220			276			288
Outdoor Equipment:
Unaffiliated customers		35,267			38,832			48,623
Interunit transfers		61			50			67
Watercraft:
Unaffiliated customers		58,092			57,583			63,857
Interunit transfers		109			149			144
Diving
Unaffiliated customers		87,367			88,627			84,222
Interunit transfers		628			917			854
Other / Corporate		552			541			524
Eliminations		(1,018	)		(1,392	)		(1,353	)
Total	$	412,292		$	407,422		$	382,432
Operating profit (loss):
Marine Electronics	$	25,230		$	21,074		$	13,938
Outdoor Equipment		2,831			2,996			5,881
Watercraft		(408	)		(1,351	)		1,826
Diving		6,408			3,610			3,030
Other / Corporate		(12,648	)		(8,659	)		(10,121	)
Total	$	21,413		$	17,670		$	14,554
Depreciation and amortization expense:
Marine Electronics	$	7,058		$	5,694		$	4,923
Outdoor Equipment		447			479			521
Watercraft		1,658			1,454			1,455
Diving		1,255			1,942			1,574
Other / Corporate		1,464			1,308			1,504
Total	$	11,882		$	10,877		$	9,977
Additions to property, plant and equipment:
Marine Electronics	$	9,569		$	5,283		$	6,923
Outdoor Equipment		791			262			201
Watercraft		733			1,274			1,314
Diving		589			1,269			811
Other / Corporate		350			1,279			717
Total	$	12,032		$	9,367		$	9,966
Goodwill, net:
Marine Electronics	$	10,362		$	10,397
Outdoor Equipment		-			-
Watercraft		-			-
Diving		4,104			4,254
Total	$	14,466		$	14,651
Total assets (end of period):
Marine Electronics	$	97,261		$	101,739
Outdoor Equipment		26,978			24,046
Watercraft		32,766			34,614
Diving		70,957			67,969
Other / Corporate		35,670			30,988
Total	$	263,632		$	259,356

F-34

A summary of the Company’s operations by geographic area is presented below:

	2012			2011			2010
Net sales:
United States:
Unaffiliated customers	$	307,090		$	298,193		$	274,998
Interunit transfers		18,972			18,276			15,785
Europe:
Unaffiliated customers		55,651			66,681			65,622
Interunit transfers		10,776			9,854			9,670
Other:
Unaffiliated customers		49,551			42,548			41,812
Interunit transfers		2,149			2,324			2,386
Eliminations		(31,897	)		(30,454	)		(27,841	)
Total	$	412,292		$	407,422		$	382,432
Total assets:
United States	$	167,545		$	161,355
Europe		57,273			64,218
Other		38,814			33,783
Total	$	263,632		$	259,356
Long-term assets: (1)
United States	$	57,894		$	53,316
Europe		7,350			9,348
Other		628			716
Total	$	65,872		$	63,380

(1) Long term assets consist of net property, plant and equipment, net intangible assets, goodwill and other assets excluding deferred income taxes.

The Company had no single customer that accounted for more than 10% of its net sales in fiscal 2012, 2011 or 2010.

13        LITIGATION

The Company is subject to various legal actions and proceedings in the normal course of business, including those related to commercial disputes, product liability, intellectual property and environmental 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.

On March 1, 2012, the company received a $3,500 settlement payment resolving an ongoing claim with its insurance carriers.  As part of the settlement, the Company’s former lawsuit filed in the U.S. District for the Eastern District of Wisconsin against its insurers was dismissed.  The Company originally initiated legal proceedings in May 2005 to seek coverage from its insurers related to an intellectual property dispute between the Company and one of its competitors, which was later settled.

The Company considers the defense of its intellectual property assets to be an ordinary and necessary operating activity essential to maintaining its competitive advantages.  Such activities are not of a financing nature and are not unusual or infrequent.  As a result, and in accordance with the presentation guidance in the Income Statement Subtopics in ASC 225, the Company recognized all of the litigation costs incurred and the payment of the settlement in relation to this matter as a component of operating expenses.  Accordingly, the $3,500 insurance recovery related to these costs was also recognized in operations as a matter of consistency.  This litigation settlement recovery was included in the Watercraft segment.

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14        SIGNIFICANT EVENT

On September 12, 2011, the Company announced a temporary closure of its Binghamton, New York manufacturing facility and administrative offices due to flooding from torrential rains.  The Binghamton manufacturing facility houses the Company’s consumer, commercial and military tent businesses.  The Company’s finished goods warehouse located nearby was unaffected by the flooding and the Company was able to resume shipments of products within a few days.  Production resumed on September 28, 2011.

The Company maintains insurance for both property damage and business interruption relating to catastrophic events.  Business interruption coverage covers lost profits and other costs incurred.  Non-refundable insurance recoveries received in excess of the net book value of damaged assets, clean up and post-event costs are recognized as income in the period received.

The Company has incurred costs related to the clean-up and repair of the facility and equipment, losses of inventory and fixed assets, rental of temporary office space for administrative and R&D personnel and payroll expenses for labor idled due to the flood totaling approximately $1,578 in 2012 and $1,868 in 2011.  In 2012 and 2011, the Company received $2,000 and $1,000, respectively, of insurance reimbursements associated with these costs and has recorded a receivable with its insurers of $636 as of September 28, 2012.  The Company recognized expense of $19 and $257 in 2012 and 2011, respectively, and in 2012 recorded a gain of $220 related to insurance recoveries under its business interruption coverage and a gain of $246 related to insurance proceeds received to replace fixed assets under the Company’s property loss coverage.  These amounts are included in “Administrative management, finance and information systems” expense in the Outdoor Equipment segment.

The Company is negotiating additional insurance recoveries under its business continuation and fixed asset replacement coverages.  The amount of these recoveries, if any, cannot be estimated at September 28, 2012.  Any additional recoveries will be recorded as income upon the resolution of gain contingencies.

15        RESTRUCTURING

On July 11, 2012, the Company announced plans to restructure Watercraft sales and distribution in Europe and to consolidate all of its U.S. operations at a single location in Old Town, Maine. The Company believes this plan will enhance the competitiveness and profit potential of its Watercraft business.  This action will result in the closure of a sales office in the U.K., the closure of a marketing and R&D facility in Bellingham, Washington and the elimination of approximately 24 positions in the U.S. and Europe.  These charges are included in the “Administrative management, finance and information systems” line in the Company’s Consolidated Statements of Operations in the Watercraft segment.  The restructuring accrual is included in the “Other current liabilities” line in the Company’s Consolidated Balance Sheet.  In addition, the Company increased its allowance for doubtful accounts by $450 as a result of this action. The Company expects the total cost of this restructuring to be approximately $2,400 and to be completed over the next 12 months.

F-36

The following table presents changes in the accrual related to this restructuring project through September 28, 2012:
	Employee Termination Costs			Contract Exit Costs			Other Exit Costs			Total
Accrued restructuring liabilities as of September 30, 2011	$	-		$	-		$	-		$	-
Activity during the year ended September 28, 2012:
Charges to earnings		574			282			162			1,018
Settlement payments		(146	)		(282	)		(62	)		(490	)
Accrued restructuring liabilities as of September 28, 2012	$	428		$	-		$	100		$	528

16        VALUATION AND QUALIFYING ACCOUNTS

The following summarizes changes to valuation and qualifying accounts for 2012, 2011 and 2010:

	Balance at Beginning of Year		Additions Charged to Costs and Expenses		Less Deductions		Balance at End of Year
Year ended September 28, 2012
Allowance for doubtful accounts	$	3,076	$	1,558	$	462	$	4,172
Reserves for inventory valuation		6,405		2,307		3,033		5,679
Valuation of deferred tax assets		14,300		1,461		2,462		13,299
Reserves for sales returns		1,484		1,995		2,112		1,367
Year ended September 30, 2011
Allowance for doubtful accounts	$	2,987	$	448	$	359	$	3,076
Reserves for inventory valuation		4,851		3,317		1,763		6,405
Valuation of deferred tax assets		39,178		2,915		27,793		14,300
Reserves for sales returns		1,181		2,462		2,159		1,484
Year ended October 1, 2010
Allowance for doubtful accounts	$	2,695	$	995	$	703	$	2,987
Reserves for inventory valuation		6,252		1,404		2,805		4,851
Valuation of deferred tax assets		40,883		3,882		5,587		39,178
Reserves for sales returns		1,265		1,731		1,815		1,181

F-37

17        QUARTERLY FINANCIAL SUMMARY (UNAUDITED)

The following summarizes quarterly operating results for the years presented below:

	First Quarter										Second Quarter						Third Quarter						Fourth Quarter
(thousands, except per share data)	2012				2011			2010			2012		2011		2010		2012		2011		2010		2012			2011			2010
Net sales		$	80,176		$	78,700		$	70,460		$	128,726	$	128,864	$	112,897	$	128,595	$	122,481	$	123,954	$	74,795		$	77,377		$	75,121
Gross profit			31,101			30,680			26,356			50,527		52,933		45,386		54,247		50,528		51,487		28,447			28,994			30,294
Operating profit (loss)			(3,719	)		(1,335	)		(3,555	)		13,981		11,424		8,054		14,222		11,810		13,353		(3,071	)		(4,229	)		(3,298	)
Income (loss) before      income taxes			(3,102	)		(2,153	)		(4,032	)		13,278		10,088		6,401		14,044		9,106		11,421		(4,294	)		(4,791	)		(4,598	)
Income tax expense      (benefit)			(158	)		(916	)		204			5,995		1,602		218		5,049		988		989		(1,094	)		(22,068	)		1,242
Net income (loss)		$	(2,944	)	$	(1,237	)	$	(4,236	)	$	7,283	$	8,486	$	6,183	$	8,995	$	8,118	$	10,432	$	(3,200	)	$	17,277		$	(5,840	)
Net income (loss) per common share - Basic:
Class A		$	(0.30	)	$	(0.13	)	$	(0.45	)	$	0.75	$	0.89	$	0.66	$	0.92	$	0.84	$	1.10	$	(0.33	)	$	1.80		$	(0.62	)
Class B		$	(0.30	)	$	(0.13	)	$	(0.45	)	$	0.68	$	0.80	$	0.59	$	0.84	$	0.76	$	1.00	$	(0.28	)	$	1.62		$	(0.56	)
Net income (loss) per common share - Diluted:
Class A		$	(0.30	)	$	(0.13	)	$	(0.45	)	$	0.74	$	0.87	$	0.64	$	0.91	$	0.83	$	1.09	$	(0.32	)	$	1.77		$	(0.61	)
Class B		$	(0.30	)	$	(0.13	)	$	(0.45	)	$	0.74	$	0.87	$	0.64	$	0.91	$	0.83	$	1.09	$	(0.32	)	$	1.77		$	(0.61	)

Due to changes in stock prices during the year and timing of issuance of shares, the cumulative total of quarterly net income (loss) per share amounts may not equal the net income (loss) per share for the year.

18       ACQUISITION

On July 11, 2011, the Company purchased the assets of Waypoint Technologies Inc. (“Waypoint”) and Pro Map Technologies Inc. for cash of approximately $4,000.  Waypoint is the maker of LakeMaster® brand high definition electronic lake charts, the premier brand of lake charts for anglers in the Northern United States. The purchase was funded with existing cash and credit facilities.  The Company believes the purchase, combined with the Company’s existing marine electronics products, will present new and innovative opportunities to enhance the fishing experience.  The Waypoint purchase is included in the Company’s Marine Electronics segment.

As part of the acquisitions, the Company acquired a bathymetry database valued at $2,000 which was included in property, plant and equipment.  The Company recognized goodwill of $732 as a result of the acquisition related to expected synergies with the Company’s existing Marine Electronics businesses.  The goodwill acquired as a part of this acquisition is deductible for tax purposes. The acquisition was accounted for using the acquisition method and, accordingly, the Company’s consolidated financial statements include the results of the acquired business’ operations since the date of acquisition.  The Company has not presented pro forma financial information with respect to the acquisition due to the immateriality of the transaction.

F-38

19        SUBSEQUENT EVENT

On November 14, 2012, the Company acquired all of the outstanding common and preferred stock of Jetboil, Inc. (“Jetboil”).  Jetboil, founded and based in Manchester, New Hampshire, designs and manufactures the world’s top brand of portable outdoor cooking systems.  The approximately $16,000 acquisition was funded with existing cash and credit facilities.  The Company believes that sales of Jetboil’s innovative cooking products can be expanded through the Company’s global marketing and distribution network and both companies will benefit from an increased presence in the outdoor Specialty trade channel.  The Jetboil acquisition will be included in the Company’s Outdoor Equipment segment.

Due to the difference in fiscal year end periods between the Company and Jetboil and the timing of certain significant year end accounting procedures to be performed at Jetboil, it is impractical to present full year pro-forma results of the combined entities.  Unaudited revenues for Jetboil for the ten months ended October 31, 2012 were approximately $11,500.

The Company is currently in the process of determining the fair value of the assets acquired and the liabilities assumed in this business combination.  Any potential goodwill resulting from this acquisition is not expected to be deductible for tax purposes.  Transaction costs are not estimated to be material.

The amounts of net sales and operating profit for Jetboil for the twelve month periods ending December 31, 2011 and December 31, 2010, the latest periods for which full year results are available, were as follows:

	Twelve months ended
	December 31, 2011 (unaudited)			December 31, 2010 (unaudited)
Net sales		$	10,775		$	7,282
Operating profit			1,203			541

F-39

EX-10.35

Exhibit 10.35

SECOND AMENDMENT TO REVOLVING CREDIT

AND SECURITY AGREEMENT

This Second Amendment to Revolving Credit and Security Agreement (the “Amendment”) is made this 28th day of September, 2012by and among Johnson Outdoors Inc., a Wisconsin corporation, Johnson Outdoors Watercraft Inc., a Delaware corporation, Johnson Outdoors Gear LLC, a Delaware limited liability company, Johnson Outdoors Diving LLC, a Delaware limited liability company, Under Sea Industries, Inc., a Delaware corporation, and Johnson Outdoors Marine Electronics, Inc., an Alabama corporation (f/k/a Techsonic Industries, Inc., as successor by merger to Johnson Outdoors Marine Electronics LLC) (each a “Borrower”, and collectively “Borrowers”), the financial institutions which are now or which hereafter become a party hereto (collectively, the “Lenders” and each individually a “Lender”) and PNC Bank, National Association (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).

BACKGROUND

A.           On September 29, 2009, Borrowers, Lenders and Agent entered into that certain Revolving Credit and Security Agreement (the “Loan Agreement”) to reflect certain financing arrangements between the parties thereto.  All capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Loan Agreement.

B.           The Borrowers have requested and the Agent has agreed, subject to the terms and conditions of this Amendment, to modify certain definitions and terms and conditions in the Loan Agreement.

NOW THEREFORE, with the foregoing background hereinafter deemed incorporated by reference herein and made part hereof, the parties hereto, intending to be legally bound, promise and agree as follows:

1.   Amendments to Loan Agreement.  Upon the Effective Date, Section 7.6 of the Loan Agreement shall be amended and restated in its entirety as follows:

7.6           Capital Expenditures.  Contract for, purchase or make any expenditure or commitments for Capital Expenditures in an aggregate amount for all Borrowers in excess of $16,000,000 in any fiscal year.

2.   Representations and Warranties of Borrowers.  Each Borrower hereby:

(a)           reaffirms all representations and warranties made to Agent and Lenders under the Loan Agreement and all of the Other Documents and confirms that all are true and correct in all material respects as of the date hereof (except to the extent any such representations and warranties specifically relate to a specific date, in which case such representations and warranties were true and correct in all material respects on and as of such other specific date);

(b)           reaffirms all of the covenants contained in the Loan Agreement (as amended hereby) and all of the Other Documents, covenants to abide thereby until all Advances, Obligations and other liabilities of Borrowers to Agent and Lenders under the Loan Agreement and all of the Other Documents of whatever nature and whenever incurred, are satisfied and/or released by Agent and Lenders;

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(c)           represents and warrants that no Default or Event of Default has occurred and is continuing under the Loan Agreement or any of the Other Documents;

(d)           represents and warrants that it has the authority and legal right to execute, deliver and carry out the terms of this Amendment, that such actions were duly authorized by all necessary limited liability company or corporate action, as applicable, and that the officers executing this Amendment on its behalf were similarly authorized and empowered, and that this Amendment does not contravene any provisions of its certificate of incorporation or formation, operating agreement, bylaws,  or other formation documents, as applicable, or of any contract or agreement to which it is a party or by which any of its properties are bound; and

(e)           represents and warrants that this Amendment is valid, binding and enforceable in accordance with their respective terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws affecting creditors’ rights generally.

3.Conditions Precedent/Effectiveness Conditions.  This Amendment shall be effective upon the date of satisfaction of the following conditions precedent (“Effective Date”) (all documents to be in form and substance reasonably satisfactory to Agent and Agent’s counsel):

(a)Agent shall have received this Amendment fully executed by the Borrowers; and

(b)Agent shall have received such other agreements, documents or information as requested in writing by Agent in its reasonable discretion.

4.Further Assurances.  Borrowers hereby agree to take all such actions and to execute and/or deliver to Agent and Lenders all such documents, assignments, financing statements and other documents, as Agent and Lenders may reasonably require from time to time, to effectuate and implement the purposes of this Amendment.

5.Payment of Expenses.  Borrowers shall pay or reimburse Agent and Lenders for its reasonable attorneys’ fees and expenses in connection with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto.

6.Reaffirmation of Loan Agreement.  Except as modified by the terms hereof, all of the terms and conditions of the Loan Agreement, as amended, and all of the Other Documents are hereby reaffirmed and shall continue in full force and effect as therein written.

7.Confirmation of Indebtedness.  Borrowers confirm and acknowledge, subject to Section 2.8 of the Loan Agreement, that as of the close of business on September 27, 2012, Borrowers were indebted to Agent and Lenders for the Advances under the Loan Agreement without any deduction, defense, setoff, claim or counterclaim, of any nature, in the aggregate principal amount of $3.28, due on account of Revolving Advances and $1,366,134.00 on account of undrawn Letters of Credit, plus all fees, costs and expenses incurred to date in connection with the Loan Agreement and the Other Documents.

2

8.Miscellaneous.

(a)Third Party Rights.  No rights are intended to be created hereunder for the benefit of any third party donee, creditor, or incidental beneficiary.

(b)Headings.  The headings of any paragraph of this Amendment are for convenience only and shall not be used to interpret any provision hereof.

(c)Modifications.  No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed on behalf of the party against whom enforcement is sought.

(d)Governing Law.  The terms and conditions of this Amendment shall be governed by the laws of the State of New York.

(e)Counterparts.  This Amendment may be executed in any number of and by different parties hereto on separate counterparts, all of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement.  Any signature delivered by a party by facsimile or pdf transmission shall be deemed to be an original signature hereto.

3

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first above written.

JOHNSON OUTDOORS INC.

By:   /s/ Donald P. Sesterhenn                                                                                             

         Donald P. Sesterhenn, Assistant Treasurer

JOHNSON OUTDOORS WATERCRAFT

INC.

By:   /s/ Donald P. Sesterhenn                                                                                             

         Donald P. Sesterhenn, Treasurer

JOHNSON OUTDOORS GEAR LLC

By:  /s/ Donald P. Sesterhenn                                                                                              

         Donald P. Sesterhenn, Secretary and

         Treasurer

JOHNSON OUTDOORS DIVING LLC

By:  /s/ Donald P. Sesterhenn                                                                                              

         Donald P. Sesterhenn, Secretary

UNDER SEA INDUSTRIES, INC.

By: /s/ Donald P. Sesterhenn                                                                                               

         Donald P. Sesterhenn, President

JOHNSON OUTDOORS MARINE ELECTRONICS, INC.

By:  /s/ Donald P. Sesterhenn                                                                                              

         Donald P. Sesterhenn, Secretary

4

PNC BANK, NATIONAL ASSOCIATION,

As Collateral Agent and Administrative Agent

By: /s/ Lee LaBine                                    

Name: Lee LaBine

Title: Senior Vice President

200 South Wacker Drive, Suite 600

Chicago, Illinois 60606

Attention: Portfolio Manager

PNC BANK, NATIONAL ASSOCIATION,

As a Lender

By: /s/ Lee LaBine                                    

Name: Lee LaBine

Title: Senior Vice President

200 South Wacker Drive, Suite 600

Chicago, Illinois 60606

Attention: Portfolio Manager

Commitment Percentage: 40.000000000%

5

TD BANK, N.A.

By: /s/ Jeffrey Saperstein                        

Name: Jeffrey Saperstein

Title: Vice President

Address for Notices:

2005 Market St., 2nd Floor

Philadelphia, PA 19103

c/o Jeffrey Saperstein

phone:  215-282-4492

fax:  215-282-4033

jeffrey.saperstein@tdbanknorth.com

Commitment Percentage: 21.333333333%

6

ASSOCIATED COMMERCIAL FINANCE, INC.

By: /s/ Peter O. Strobel                             

Name: Peter O. Strobel

Title: Senior Vice President

Address for Notices:

19601 West Bluemound Road

Suite 100

Brookfield, WI 53045

c/o Peter O. Strobel

phone:  262-797-7344

fax:  262-797-7177

peter.strobel@associatedbank.com

Commitment Percentage: 13.333333333%

7

THE PRIVATEBANK AND TRUST COMPANY

By: /s/ Mitchell B. Rasky                        

Name: Mitchell B. Rasky

Title: Managing Director

Address for Notices:

The PrivateBank and Trust Company

120 South LaSalle Street

Chicago, IL 60603

c/o Mitchell B. Rasky

phone:  312-564-6954

fax:  312-564-6888

mrasky@theprivatebank.com

Commitment Percentage: 25.333333333%

 8

EX-21

Exhibit 21

JOHNSON OUTDOORS INC. AND SUBSIDIARIES

The following lists the principal direct and indirect subsidiaries of Johnson Outdoors Inc. as of September 28, 2012.  Inactive subsidiaries are not presented:

Name of Subsidiary(1)(2)	Jurisdiction in which Incorporated
Johnson Outdoors Canada Inc.	Canada
Johnson Outdoors Watercraft Inc.	Delaware
Johnson Outdoors Marine Electronics. Inc.	Alabama
Johnson Outdoors Gear LLC	Delaware
Johnson Outdoors Diving LLC	Delaware
Under Sea Industries, Inc.	Delaware
JWA Holding B.V.	Netherlands
Johnson Beteiligungsellschaft GmbH	Germany
Uwatec AG	Switzerland
Scubapro Asia Pacific Ltd.	Hong Kong
P.T. Uwatec Batam	Indonesia
Scubapro Asia, Ltd.	Japan
Scubapro Espana, S.A.(3)	Spain
Scubapro AG	Switzerland
Scubapro Europe Benelux, S.A.	Belgium
Johnson Outdoors France	France
Scubapro/Uwatec France S.A.	France
Scubapro Europe S.r.l	Italy
Scubapro Italy S.r.l.	Italy
Scubapro (UK) Ltd.(4)	United Kingdom
Scubapro-Uwatec Australia Pty. Ltd.	Australia
Johnson Outdoors Watercraft UK	United Kingdom
Johnson Outdoors Watercraft Ltd.	New Zealand
Johnson Outdoors Marine Electronics Europe S.r.l.	Italy
Johnson Outdoors Vertriebsgesellschaft GmbH	Germany

(1)	Unless otherwise indicated in brackets, each company does business only under its legal name.
(2)	Unless otherwise indicated by footnote, each company is a wholly-owned subsidiary of Johnson Outdoors Inc. (through direct or indirect ownership).
(3)	Percentage of stock owned is 98%.
(4)	Percentage of stock owned is 99%.

EX-23

Exhibit 23

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in Registration Statements (No. 333-166418, 333-166417, 33−19804, 33−19805, 33−35309, 33−50680, 33−52073, 33−54899, 33−59325, 33−61285, 333−88089, 333−88091, 333−84480, 333−84414, 333−107354 and 333−115298) on Form S-8 of Johnson Outdoors Inc. of our reports dated December 11, 2012, relating to our audits of the consolidated financial statements and internal control over financial reporting, which appear in this Annual Report on Form 10-K of Johnson Outdoors Inc. for the year ended September 28, 2012.

/s/ McGladrey LLP

Milwaukee, Wisconsin

December 11, 2012

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934

I, Helen P. Johnson-Leipold, certify that:

1)   I have reviewed this Annual Report on Form 10-K of Johnson Outdoors Inc.;

2)   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3)   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4)   The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5)   The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	December 11, 2012	/s/ Helen P. Johnson-Leipold
		Helen P. Johnson-Leipold Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934

I, David W. Johnson, certify that:

1)   I have reviewed this Annual Report on Form 10-K of Johnson Outdoors Inc.;

2)   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3)   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4)   The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5)   The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	December 11, 2012	/s/ David W. Johnson
		David W. Johnson Vice President and Chief Financial Officer Treasurer

EX-32.1

Exhibit 32.1

Written Statement of the Chairman and Chief Executive Officer

Pursuant to 18 U.S.C. Section 1350

Solely for the purposes of complying with 18 U.S.C. Section 1350, I, the undersigned Chairman and Chief Executive Officer of Johnson Outdoors Inc. (the “Company”), hereby certify that the Annual Report on Form 10-K of the Company for the year ended September 28, 2012 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Helen P. Johnson-Leipold                                                                                       

Helen P. Johnson-Leipold

Chairman and Chief Executive Officer

December 11, 2012

Written Statement of the Vice President and Chief Financial Officer

Pursuant to 18 U.S.C. Section 1350

Solely for the purposes of complying with 18 U.S.C. Section 1350, I, the undersigned Vice President and Chief Financial Officer of Johnson Outdoors Inc. (the “Company”), hereby certify that the Annual Report on Form 10-K of the Company for the year ended September 28, 2012 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David W. Johnson                                                                                    

David W. Johnson

Vice President and Chief Financial Officer

Treasurer

December 11, 2012

The above certifications are made solely for the purpose of 18 U.S.C. Section 1350, subject to the knowledge standard contained therein, and not for any other purpose.

XML

Valuation And Qualifying Accounts (Tables)

12 Months Ended

Sep. 28, 2012

Valuation and Qualifying Accounts [Abstract]

Schedule Of Valuation And Qualifying Accounts

	Balance at Beginning of Year		Additions Charged to Costs and Expenses		Less Deductions		Balance at End of Year
Year ended September 28, 2012
Allowance for doubtful accounts	$	3,076	$	1,558	$	462	$	4,172
Reserves for inventory valuation		6,405		2,307		3,033		5,679
Valuation of deferred tax assets		14,300		1,461		2,462		13,299
Reserves for sales returns		1,484		1,995		2,112		1,367
Year ended September 30, 2011
Allowance for doubtful accounts	$	2,987	$	448	$	359	$	3,076
Reserves for inventory valuation		4,851		3,317		1,763		6,405
Valuation of deferred tax assets		39,178		2,915		27,793		14,300
Reserves for sales returns		1,181		2,462		2,159		1,484
Year ended October 1, 2010
Allowance for doubtful accounts	$	2,695	$	995	$	703	$	2,987
Reserves for inventory valuation		6,252		1,404		2,805		4,851
Valuation of deferred tax assets		40,883		3,882		5,587		39,178
Reserves for sales returns		1,265		1,731		1,815		1,181

XML

Summary Of Significant Accounting Policies (Schedule Of Warranties) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Summary Of Significant Accounting Policies [Abstract]
Beginning Balance	$ 5,155	$ 4,589	$ 4,196
Expense accruals for warranties issued during the period	3,740	4,551	3,671
Less current period warranty claims paid	4,144	3,985	3,278
Ending Balance	$ 4,751	$ 5,155	$ 4,589

XML

Summary Of Significant Accounting Policies (Research And Development) (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Finite-Lived Intangible Assets [Line Items]
Gross Amount Capitalized Related to Software Development	$ 14,762	$ 8,380
Accumulated Amortization	6,626	4,399
Amortization Expense Related to Capitalized Software	$ 2,227	$ 1,373	$ 489
Computer Software [Member]
Finite-Lived Intangible Assets [Line Items]
Expected Life	3 years

XML

Income Taxes (U.S. And Foreign Income Before Income Taxes) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Income Taxes [Abstract]
United States													$ 20,332	$ 11,133	$ 7,873
Foreign													(406)	1,117	1,319
Income before income taxes	$ (4,294)	$ 14,044	$ 13,278	$ (3,102)	$ (4,791)	$ 9,106	$ 10,088	$ (2,153)	$ (4,598)	$ 11,421	$ 6,401	$ (4,032)	$ 19,926	$ 12,250	$ 9,192

XML

Summary Of Significant Accounting Policies (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Summary Of Significant Accounting Policies [Abstract]
Foreign currency translation adjustment, Pre-Tax Amount	$ 23,901	$ 25,811	$ 23,305
Foreign currency translation adjustment, Net of Tax Amount	23,901	25,811	23,305
Unamortized loss on pension plans, Pre-Tax Amount	(10,207)	(7,636)	(5,315)
Unamortized loss on pension plans, Tax Effect	2,561	1,584
Unamortized loss on pension plans, Net of Tax Amount	(7,646)	(6,052)	(5,315)
Unrealized loss on interest rate swaps, Pre-Tax Amount	(138)	(927)	(1,917)
Unrealized loss on interest rate swaps, Net of Tax Amount	(138)	(927)	(1,917)
Accumulated Other Comprehensive income, Pre-Tax Amount	13,556	17,248	16,073
Accumulated Other Comprehensive income, Tax Effect	2,561	1,584
Accumulated Other Comprehensive income, Net of Tax Amount	$ 16,117	$ 18,832	$ 16,073

XML

Employee Benefits (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 27, 2013	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Defined Benefit Plan Disclosure [Line Items]
Amount of Unrecognized Loss Amortization Expected to be Recognized	$ 628
Aggregate Accumulated Benefit Obligation, Plans With Benefit Obligations in Excess of Plan Assets		25,516	21,032
Aggregate Fair Falue of Plan Assets, Plans With Benefit Obligations in Excess of Plan Assets		13,673	11,304
Anticipated Contributions to Defined Benefit Plans Through Next Year		1,140
Actuarial Loss Due to Impact of the Change in Discount Rates		3,617	747	705
Actuarial Target Rate of Return		7.50%
Target Return Above the Rate of Inflation		4.00%
Deferred Compensation Liability		7,310	5,405
Expense Attributable to the Defined Contribution Programs		$ 882	$ 853	$ 826
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of Equity Securities as a Component of the Mutual Fund		70.00%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment Horizon Over Which the Investment Objectives Are Expected to be Met		5 years
Percentage of Equity Securities as a Component of the Mutual Fund		75.00%

XML

Summary Of Significant Accounting Policies (Advertising & Promotions) (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Summary Of Significant Accounting Policies [Abstract]
Advertising and Promotions Expense	$ 21,745	$ 22,338	$ 20,107
Capitalized Advertising Costs	$ 1,074	$ 752

XML

Income Taxes (Tables)

12 Months Ended

Sep. 28, 2012

Income Taxes [Abstract]

U.S. And Foreign Income Before Income Taxes

	2012		2011		2010
United States	$	20,332	$	11,133	$	7,873
Foreign		(406)		1,117		1,319
	$	19,926	$	12,250	$	9,192

Income Tax Expense

	2012		2011		2010
Current:
Federal (net of tax benefit from operating loss carryforward of $3,098, $2,505 and $5,260, respectively)	$	828	$	-	$	-
State		378		642		483
Foreign		1,595		2,000		1,164
Deferred		6,991		(23,036)		1,006
	$	9,792	$	(20,394)	$	2,653

Tax Effects Of Temporary Differences Giving Rise To Deferred Tax Assets And Liabilities

	2012		2011
Deferred tax assets:
Inventories	$	3,700	$	3,902
Compensation		8,635		10,258
Tax credit carryforwards		8,331		8,519
Goodwill and other intangibles		3,181		3,639
Net operating loss carryforwards		7,507		11,109
Depreciation and amortization		220		751
Other		5,178		5,385
Total gross deferred tax assets		36,752		43,563
Less valuation allowance		13,299		14,300
Deferred tax assets		23,453		29,263
Deferred tax liabilities:
Foreign statutory reserves		694		348
Net deferred tax assets	$	22,759	$	28,915

Schedule Of Location Of Net Deferred Tax Assets In Consolidated Balance Sheet

	2012		2011
Current assets	$	8,645	$	9,732
Non-current assets		14,808		19,531
Non-current liabilities		694		348
Net deferred tax assets	$	22,759	$	28,915

Significant Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate

	2012	2011	2010
Statutory U.S. federal income tax rate	35.0	35.0	35.0
Foreign rate differential	(1.0)	(0.9)	(3.6)
State income tax, net of federal benefit	3.1	4.2	5.3
Increase (Decrease) in valuation reserve for deferred tax assets	7.1	(211.0)	(8.1)
Other	4.9	6.2	0.3
	49.1	(166.5)	28.9

Summary Of Operating Loss Carryforwards

	State		United States		Foreign		Total
Year of expiration
2013-2017	$	15,606	$	-	$	2,718	$	18,324
2018-2022		205		-		259		464
2023-2027		5,865		-		939		6,804
2028-2032		4,144		-		1,671		5,815
Indefinite		-		-		11,846		11,846
Total	$	25,820	$	-	$	17,433	$	43,253

Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits

Balance at October 1, 2010	$	1,290
Lapse of statute of limitations		(240)
Gross increases - tax positions in  period		205
Balance at September 30, 2011	$	1,255
Settlement		(168)
Lapse of statute of limitations		(122)
Gross increases - tax positions in  period		719
Balance at September 30, 2011	$	1,684
Settlement		(773)
Lapse of statute of limitations		(123)
Gross increases - tax positions in  period		1,112
Balance at September 28, 2012	$	1,900

Tax Years Subject To Examination By Major Jurisdiction

Jurisdiction	Fiscal Years
United States	2009-2012
Canada	2008-2012
France	2009-2012
Germany	2009-2012
Italy	2009-2012
Japan	2012
Switzerland	2002-2012

XML

Employee Benefits (Financial Position Of Non-Contributory Defined Benefit Plans) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Employee Benefits [Abstract]
Projected benefit obligation, beginning of year	$ 21,032	$ 19,369
Service cost
Interest cost	1,036	1,003	993
Actuarial loss	4,224	1,446
Benefits paid	(776)	(786)
Projected benefit obligation, end of year	25,516	21,032	19,369
Fair value of plan assets, beginning of year	11,304	11,817
Actual gain (loss) on plan assets	2,259	(91)
Company contributions	886	364
Fair value of plan assets, end of year	13,673	11,304	11,817
Funded status of the plans	(11,843)	(9,728)
Current penion liabilities	191	197
Non-current pension liabilities	11,650	9,531
Net actuarial loss	(10,207)	(7,636)
Accumulated other comprehensive loss	$ (10,207)	$ (7,636)

XML

Income Taxes (Schedule Of Location Of Net Deferred Tax Assets In Consolidated Balance Sheet) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Income Taxes [Abstract]
Current assets	$ 8,645	$ 9,732
Non-current assets	14,808	19,531
Non-current liabilities	694	348
Net deferred tax assets	$ 22,759	$ 28,915

XML

Stock-Based Compensation And Stock Ownership Plans (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Based Compensation Tax Benefit	$ 633
Minimum Percentage of Fair Market Value for Employee Stock Purchase Plan Purchase Price	85.00%
Employee Stock Purchase Plan Shares Issued	10,349	5,475	10,448
Employee Stock Purchase Plan Expense	30	16	24
Parent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company's Closing Stock Price	$ 21.30
Non-vested Stock, Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	0 years 0 months 0 days
Non-vested Stock, Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years 0 months 0 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of Stock Options	10 years
Number of Stock Options Granted During Period	0	0	0
Cash Received from Stock Option Exercises	338	323	484
Stock Option Exercises, Aggregate Intrinsic Value of Shares Received	689	567	564
Non-vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Vested, Aggregated Intrinsic Value	660	150	125
Stock-Based Compensation Expense Related to Non-Vested Stock, Net of Forfeitures	1,666	1,436	956
Unrecognized Stock-Based Compensation Expense Related to Non-vested Stock	$ 2,246
Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Available for Grant Under Stock-Based Compensation Plans	843,749

XML

Indebtedness (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010	Nov. 30, 2012
Indebtedness [Line Items]
Interest Paid	$ 1,150	$ 1,919	$ 2,537
Weighted Average Borrowing Rate for Short-Term Debt	2.60%	3.40%	5.30%
Long-Term Debt, Fair Value	8,860	14,972
Johnson Family Voting Power from Common Stock Owned				77.00%
Revolvers [Member]
Indebtedness [Line Items]
Initiation Date	Nov. 16, 2010
Expiration Date	Nov. 16, 2014
Interest Rate at Period End	2.50%
Remaining Borrowing Capacity	28,100
Revolvers Borrowing Capacity Standard [Member]
Indebtedness [Line Items]
Maximum Borrowing Capacity	75,000
Revolvers Borrowing Capacity Annual Pay Down [Member]
Indebtedness [Line Items]
Maximum Borrowing Capacity	30,000
Annual Seasonal Pay Down Duration	60 days
Term Loans [Member]
Indebtedness [Line Items]
Pre-Payment Penalty	8.00%
Annual Decrease of Pre-Payment Penalty	1.00%
Interest Rate at Period End	5.25%
Financial Standby Letter of Credit [Member]
Indebtedness [Line Items]
Letters of Credit Outstanding	$ 1,401	$ 2,103
Class A [Member]
Indebtedness [Line Items]
Common Stock Owned by Johnson Family, Shares				3,775,826
Common Stock Owned by Johnson Family, Percent				44.00%
Class B [Member]
Indebtedness [Line Items]
Common Stock Owned by Johnson Family, Shares				1,211,196
Common Stock Owned by Johnson Family, Percent				100.00%

XML

Income Taxes (Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Income Taxes [Abstract]
Balance at beginning of year	$ 1,684	$ 1,255	$ 1,290
Settlement	(773)	(168)
Lapse of statute of limitations	(123)	(122)	(240)
Gross increases - tax positions in current period	1,112	719	205
Balance at end of year	$ 1,900	$ 1,684	$ 1,255

XML

Preferred Stock (Details)	Sep. 28, 2012	Sep. 30, 2011
Equity [Abstract]
Shares Authorized	1,000,000
Shares Issued	0	0
Shares Outstanding	0

XML

Employee Benefits (Estimated Benefit Payments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012
Employee Benefits [Abstract]
2013	$ 880
2014	905
2015	915
2016	967
2017	978
Five years thereafter	$ 5,553

XML

Common Stock (Narrative) (Details)	12 Months Ended
	Sep. 28, 2012
Class of Stock [Line Items]
Percentage of Class Dividends on Class A Common Stock Relative to Class B Common Stock	110.00%
Ratio of Class B Common Stock Convertible to Class A Common Stock	1
Shares converted	84
Class A [Member]
Class of Stock [Line Items]
Percentage of Members of the Board Elected by Class of Stock	25.00%
Vote Per Share Owned by Class of Stock	1
Class B [Member]
Class of Stock [Line Items]
Percentage of Members of the Board Elected by Class of Stock	75.00%
Vote Per Share Owned by Class of Stock	10

XML

Income Taxes (Tax Years Subject To Examination By Major Jurisdiction) (Details)	12 Months Ended
	Sep. 28, 2012
Japan [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Maximum [Member] | United States [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Maximum [Member] | Canada [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Maximum [Member] | France [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Maximum [Member] | Germany [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Maximum [Member] | Italy [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Maximum [Member] | Switzerland [Member]
Income Tax Examination [Line Items]
Fiscal Years	2012
Minimum [Member] | United States [Member]
Income Tax Examination [Line Items]
Fiscal Years	2009
Minimum [Member] | Canada [Member]
Income Tax Examination [Line Items]
Fiscal Years	2008
Minimum [Member] | France [Member]
Income Tax Examination [Line Items]
Fiscal Years	2009
Minimum [Member] | Germany [Member]
Income Tax Examination [Line Items]
Fiscal Years	2009
Minimum [Member] | Italy [Member]
Income Tax Examination [Line Items]
Fiscal Years	2009
Minimum [Member] | Switzerland [Member]
Income Tax Examination [Line Items]
Fiscal Years	2002

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Income Taxes (Income Tax Expenses) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Income Tax [Line Items]
Federal (net of tax benefti from operating loss carryforward of $3,098, $2,505 and $5,260, respectively)													$ 828
State													378	642	483
Foreign													1,595	2,000	1,164
Deferred													6,991	(23,036)	1,006
Total income tax expense	(1,094)	5,049	5,995	(158)	(22,068)	988	1,602	(916)	1,242	989	218	204	9,792	(20,394)	2,653
Federal [Member]
Income Tax [Line Items]
Tax benefit from operating loss carryforward													$ 3,098	$ 2,505	$ 5,260

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Acquisition

12 Months Ended

Sep. 28, 2012

Acquisition [Abstract]

Acquisition

18acquisition

On July 11, 2011, the Company purchased the assets of Waypoint Technologies Inc. (“Waypoint”) and Pro Map Technologies Inc. for cash of approximately $4,000.  Waypoint is the maker of LakeMaster® brand high definition electronic lake charts, the premier brand of lake charts for anglers in the Northern United States. The purchase was funded with existing cash and credit facilities.  The Company believes the purchase, combined with the Company’s existing marine electronics products, will present new and innovative opportunities to enhance the fishing experience.  The Waypoint purchase is included in the Company’s Marine Electronics segment.

As part of the acquisitions, the Company acquired a bathymetry database valued at $2,000 which was included in property, plant and equipment.  The Company recognized goodwill of $732as a result of the acquisition related to expected synergies with the Company’s existing Marine Electronics businesses.  The goodwill acquired as a part of this acquisition is deductible for tax purposes. The acquisition was accounted for using the acquisition method and, accordingly, the Company’s consolidated financial statements include the results of the acquired business’ operations since the date of acquisition.  The Company has not presented pro forma financial information with respect to the acquisition due to the immateriality of the transaction.

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Summary Of Significant Accounting Policies (Schedule Of Property, Plant And Equipment Useful Life) (Details)	12 Months Ended
	Sep. 28, 2012
Property Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Property Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years
Buildings And Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years
Buildings And Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Furnitures, Fixtures And Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Furnitures, Fixtures And Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

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Summary Of Significant Accounting Policies (Other Intangible Assets) (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Amortization of Patents and Other Intangible Assets	$ 1,057	$ 729	$ 681
Amortization of Patents and Other Intangible Assets, 2013	180
Amortization of Patents and Other Intangible Assets, 2014	130
Amortization of Patents and Other Intangible Assets, 2015	130
Amortization of Patents and Other Intangible Assets, 2016	130
Amortization of Patents and Other Intangible Assets, 2017	130
Indefinite-Lived Intangible Assets		$ 290
Minimum [Member]
Useful Life	3 years
Maximum [Member]
Useful Life	16 years

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Income Taxes (Summary Of Operating Loss Carryforwards) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	43,253
State [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	25,820
United States [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards
Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	17,433
2013-2017 [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	18,324
2013-2017 [Member] | State [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	15,606
2013-2017 [Member] | United States [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards
2013-2017 [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	2,718
2018-2022 [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	464
2018-2022 [Member] | State [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	205
2018-2022 [Member] | United States [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards
2018-2022 [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	259
2023-2027 [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	6,804
2023-2027 [Member] | State [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	5,865
2023-2027 [Member] | United States [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards
2023-2027 [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	939
2028-2032 [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	5,815
2028-2032 [Member] | State [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	4,144
2028-2032 [Member] | United States [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards
2028-2032 [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	1,671
Indefinite [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	11,846
Indefinite [Member] | United States [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards
Indefinite [Member] | Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carry Forwards	11,846
Minimum [Member] | 2013-2017 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2013
Minimum [Member] | 2018-2022 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2018
Minimum [Member] | 2023-2027 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2023
Minimum [Member] | 2028-2032 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2028
Maximum [Member] | 2013-2017 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2017
Maximum [Member] | 2018-2022 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2022
Maximum [Member] | 2023-2027 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2027
Maximum [Member] | 2028-2032 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforward Expiration	2032

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Restructuring (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012 employee	Sep. 30, 2011	Oct. 01, 2010
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities, Initiation Date	Jul. 11, 2012
Restructuring and Related Cost, Expected Number of Positions Eliminated	24
Provision for Doubtful Accounts	$ 1,558	$ 448	$ 995
Restructuring and Related Cost, Expected Cost	2,400
Trade Accounts Receivable Restructuring Related [Member]
Restructuring Cost and Reserve [Line Items]
Provision for Doubtful Accounts	$ 450

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Segments Of Business (Tables)

12 Months Ended

Sep. 28, 2012

Segments Of Business [Abstract]

Schedule Of Operations By Business Segment

	2012		2011		2010
Net sales:
Marine Electronics:
Unaffiliated customers	$	231,014	$	221,839	$	185,206
Interunit transfers		220		276		288
Outdoor Equipment:
Unaffiliated customers		35,267		38,832		48,623
Interunit transfers		61		50		67
Watercraft:
Unaffiliated customers		58,092		57,583		63,857
Interunit transfers		109		149		144
Diving
Unaffiliated customers		87,367		88,627		84,222
Interunit transfers		628		917		854
Other / Corporate		552		541		524
Eliminations		(1,018)		(1,392)		(1,353)
Total	$	412,292	$	407,422	$	382,432
Operating profit (loss):
Marine Electronics	$	25,230	$	21,074	$	13,938
Outdoor Equipment		2,831		2,996		5,881
Watercraft		(408)		(1,351)		1,826
Diving		6,408		3,610		3,030
Other / Corporate		(12,648)		(8,659)		(10,121)
Total	$	21,413	$	17,670	$	14,554
Depreciation and amortization expense:
Marine Electronics	$	7,058	$	5,694	$	4,923
Outdoor Equipment		447		479		521
Watercraft		1,658		1,454		1,455
Diving		1,255		1,942		1,574
Other / Corporate		1,464		1,308		1,504
Total	$	11,882	$	10,877	$	9,977
Additions to property, plant and equipment:
Marine Electronics	$	9,569	$	5,283	$	6,923
Outdoor Equipment		791		262		201
Watercraft		733		1,274		1,314
Diving		589		1,269		811
Other / Corporate		350		1,279		717
Total	$	12,032	$	9,367	$	9,966
Goodwill, net:
Marine Electronics	$	10,362	$	10,397
Outdoor Equipment		-		-
Watercraft		-		-
Diving		4,104		4,254
Total	$	14,466	$	14,651
Total assets (end of period):
Marine Electronics	$	97,261	$	101,739
Outdoor Equipment		26,978		24,046
Watercraft		32,766		34,614
Diving		70,957		67,969
Other / Corporate		35,670		30,988
Total	$	263,632	$	259,356

Schedule Of Operations By Geographic Area

	2012		2011		2010
Net sales:
United States:
Unaffiliated customers	$	307,090	$	298,193	$	274,998
Interunit transfers		18,972		18,276		15,785
Europe:
Unaffiliated customers		55,651		66,681		65,622
Interunit transfers		10,776		9,854		9,670
Other:
Unaffiliated customers		49,551		42,548		41,812
Interunit transfers		2,149		2,324		2,386
Eliminations		(31,897)		(30,454)		(27,841)
Total	$	412,292	$	407,422	$	382,432
Total assets:
United States	$	167,545	$	161,355
Europe		57,273		64,218
Other		38,814		33,783
Total	$	263,632	$	259,356
Long-term assets: (1)
United States	$	57,894	$	53,316
Europe		7,350		9,348
Other		628		716
Total	$	65,872	$	63,380

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Summary Of Significant Accounting Policies (Schedule Of Goodwill) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Goodwill [Line Items]
Balance, Beginning Period	$ 14,651	$ 13,729
LakeMaster acquisition		732
Amount attributable to movements in foreign currency rates	(185)	190
Balance, Ending Period	14,466	14,651
Gross Goodwill	54,381	54,566	53,644
Accumulated Impairment	39,915	39,915	39,915
Marine Electronics [Member]
Goodwill [Line Items]
Balance, Beginning Period	10,397	9,674
LakeMaster acquisition		732
Amount attributable to movements in foreign currency rates	(35)	(9)
Balance, Ending Period	10,362	10,397
Diving [Member]
Goodwill [Line Items]
Balance, Beginning Period	4,254	4,055
Amount attributable to movements in foreign currency rates	(150)	199
Balance, Ending Period	$ 4,104	$ 4,254

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Leases And Other Commitments (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Operating Leased Assets [Line Items]
Rental expense	$ 9,126	$ 8,731	$ 8,990
Related Parties [Member]
Operating Leased Assets [Line Items]
Rental expense	$ 1,124	$ 849	$ 799

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Derivative Instruments And Hedging Activities (Schedule Of Loss Reclassified From AOCI Into Net Income) (Details) (Interest Expense [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Interest Expense [Member]
Derivative [Line Items]
Loss reclassified from AOCI to net income	$ 789	$ 990	$ 2,045

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Summary Of Significant Accounting Policies (Shipping And Handling Costs) (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Summary Of Significant Accounting Policies [Abstract]
Shipping and Handling Costs	$ 10,803	$ 10,591	$ 9,697

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Indebtedness

12 Months Ended

Sep. 28, 2012

Indebtedness [Abstract]

Indebtedness

2INDEBTEDNESS

Debt was comprised of the following at September 28, 2012 and September 30, 2011:

	2012		2011
Term loans	$	8,456	$	14,367
Other		404		605
Total debt		8,860		14,972
Less current portion of long term debt		526		3,494
Total long-term debt	$	8,334	$	11,478

Term Loans

The Company’s term loans have a maturity date of September 29, 2029.  Each term loan requires monthly payments of principal and interest. Interest on the aggregate outstanding amount of the term loans is based on the prime rate plus an applicable margin.  The interest rate in effect on the term loans was 5.25% at September 28, 2012.

The term loans are guaranteed in part under the United States Department of Agriculture Rural Development program and are secured with a first priority lien on land, buildings, machinery and equipment of the Company’s domestic subsidiaries and a second priority lien on working capital and certain patents and trademarks of the Company and its subsidiaries.  Any proceeds from the sale of secured property are first applied against the related term loans and then against the Revolvers.

The aggregate term loan borrowings are subject to a pre-payment penalty.  The penalty is currently 8% of the pre-payment amount, and the penalty will decrease by 1% annually on the anniversary date of the effective date of the loan agreement.

Revolvers

On November 16, 2010, the Company and certain of its subsidiaries entered into amendments to their Revolving Credit Agreements (or “Revolvers”).  The amended terms of the Revolvers, maturing on November 16, 2014, provide for funding of up to $75,000, with an accordion feature that allows the Company to have an option to increase the maximum seasonal financing availability subject to the approval of the lenders. Borrowing availability under the Revolvers is based on certain eligible working capital assets, primarily accounts receivable and inventory of the Company and its subsidiaries. The Revolvers contain a seasonal line reduction that reduces the maximum amount of borrowings during the period from mid-July to mid-November, consistent with the Company's reduced working capital needs throughout that period, and requires an annual seasonal pay down provision that reduces the borrowing capacity to $30,000 for 60 consecutive days.  The amendments to the Revolvers reset the interest rate calculation each quarter,  by instituting an applicable margin based on the Company’s leverage ratio for the trailing twelve month period. 

The interest rate on the Revolvers is based on LIBOR or the prime rate, at the Company’s discretion, plus an applicable margin.  If the Company had such borrowings, the interest rate in effect on the Revolvers would have been approximately 2.50% at September 28, 2012.

The Revolvers are secured with a first priority lien on working capital assets and certain patents and trademarks of the Company and its subsidiaries and a second priority lien on land, buildings, machinery and equipment of the Company’s domestic subsidiaries.  As cash collections related to secured assets are applied against the balance outstanding under the Revolvers, the liability is classified as current.  The Company’s remaining borrowing availability under the Revolvers was approximately $28,100 at September 28, 2012.

Under the terms of the Revolvers, the Company is required to comply with certain financial and non-financial covenants.  Among other restrictions, the Company is restricted in its ability to pay dividends, incur additional debt and make acquisitions or divestitures above certain amounts.  The key financial covenants include a minimum fixed charge coverage ratio, limits on minimum net worth and EBITDA, a limit on capital expenditures, and, as noted above, a seasonal pay-down requirement.

Other Borrowings

The Company had no unsecured revolving credit facilities at its foreign subsidiaries as of September 28, 2012.  The Company utilizes letters of credit primarily as security for the payment of future claims under its workers’ compensation insurance which totaled $1,401 and $2,103 at September 28, 2012 and September 30, 2011, respectively.  The Company has no unsecured lines of credit as of September 28, 2012 or September 30, 2011.

Aggregate scheduled maturities of long-term debt as of September 28, 2012were as follows:

Fiscal Year
2013	$	526
2014		514
2015		359
2016		367
2017		388
Thereafter		6,706
Total	$	8,860

Interest paid was $1,150,  $1,919 and $2,537 for 2012, 2011 and 2010, respectively.

The weighted average borrowing rate for short-term debt was approximately 2.6%,  3.4%  and 5.3%  for 2012, 2011 and 2010, respectively. 

Based on the borrowing rates currently available to the Company for debt with similar terms and maturities, the fair value of the Company’s long-term debt as of September 28, 2012 and September 30, 2011 was approximately $8,860 and $14,972, respectively.

Certain of the Company’s loan agreements require that the Company’s Chief Executive Officer, Helen P. Johnson-Leipold, members of her family and related entities (hereinafter the Johnson Family) continue to own stock having votes sufficient to elect a majority of the directors. At November 30, 2012, the Johnson Family held 3,775,826 shares or approximately 44% of the Class A common stock, 1,211,196 shares or approximately 100% of the Class B common stock and approximately 77% of the voting power of both classes of common stock taken as a whole.

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Derivative Instruments And Hedging Activities (Schedule Of The Location And Amount Of Income Or Loss Recognized For Changes In Fair Value Of Derivative Instruments Not Designated As Hedging Instruments) (Details) (Foreign Exchange Forward Contracts [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Amount of income (loss) recognized for changes in the fair value	$ 306	$ (361)	$ 565

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Summary Of Significant Accounting Policies (Impairment Of Long-Lived Assets) (Narrative) (Details) (USD $) In Thousands, unless otherwise specified		12 Months Ended
	Sep. 28, 2012 Marine Electronics [Member]	Oct. 01, 2010 Casarza-Ligure, Italy Warehouse Facility [Member]	Sep. 30, 2011 Ferndale, Washington Facility [Member]
Impairment Of Long Lived Assets By Segment And Location [Line Items]
Impairment Charge of Facility		$ 114	$ 334
Fair Value of Facility		656	1,300
Fair Value of Geonav Trademark	0
Impairment Charge of Intangible Asset			$ 334

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Indebtedness (Tables)

12 Months Ended

Sep. 28, 2012

Indebtedness [Abstract]

Schedule Of Debt

	2012		2011
Term loans	$	8,456	$	14,367
Other		404		605
Total debt		8,860		14,972
Less current portion of long term debt		526		3,494
Total long-term debt	$	8,334	$	11,478

Schedule Of Maturities Of Long-Term Debt

Fiscal Year
2013	$	526
2014		514
2015		359
2016		367
2017		388
Thereafter		6,706
Total	$	8,860

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Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 28, 2012

Summary Of Signficant Accounting Policies [Line Items]

Schedule Of Inventories

	2012		2011
Raw materials	$	26,610	$	24,260
Work in process		1,324		1,780
Finished goods		39,124		42,422
	$	67,058	$	68,462

Schedule Of Property, Plant And Equipment

	2012		2011
Property improvements	$	599	$	620
Buildings and improvements		19,336		22,040
Furniture, fixtures and equipment		114,967		109,727
		134,902		132,387
Less accumulated depreciation		98,235		97,229
	$	36,667	$	35,158

Schedule Of Goodwill

	Segment						Consolidated
	Marine Electronics		Diving		Consolidated		Gross Goodwill		Accumulated Impairment		Total
Balance at October 1, 2010	$	9,674	$	4,055	$	13,729	$	53,644	$	39,915	$	13,729
LakeMaster® acquisition		732		-		732		732		-		732
Amount attributable to movements in foreign currency rates		(9)		199		190		190		-		190
Balance at September 30, 2011		10,397		4,254		14,651		54,566		39,915		14,651
Amount attributable to movements in foreign currency rates		(35)		(150)		(185)		(185)		-		(185)
Balance at September 28, 2012	$	10,362	$	4,104	$	14,466	$	54,381	$	39,915	$	14,466

Schedule Of Intangible Assets

	2012						2011
	Gross Intangible		Accumulated Amortization		Net		Gross Intangible		Accumulated Amortization		Total
Amortized other intangible assets:
Patents	$	3,614	$	(3,411)	$	203	$	3,687	$	(3,430)	$	257
Trademarks		1,881		(1,878)		3		1,976		(1,094)		882
Other amortizable intangibles		1,272		(759)		513		1,335		(611)		724
Non-amortized trademarks		3,590		-		3,590		3,540		-		3,540
	$	10,357	$	(6,048)	$	4,309	$	10,538	$	(5,135)	$	5,403

Schedule Of Warranty Activity

Balance at October 2, 2009	$	4,196
Expense accruals for warranties issued during the period		3,671
Less current period warranty claims paid		3,278
Balance at October 1, 2010		4,589
Expense accruals for warranties issued during the period		4,551
Less current period warranty claims paid		3,985
Balance at September 30, 2011	$	5,155
Expense accruals for warranties issued during the period		3,740
Less current period warranty claims paid		4,144
Balance at September 28, 2012	$	4,751

Schedule Of Accumulated Other Comprehensive Income (Loss)

	2012						2011						2010
	Pre-Tax Amount		Tax Effect		Net of Tax Effect		Pre-Tax Amount		Tax Effect		Net of Tax Effect		Pre-Tax Amount		Tax Effect		Net of Tax Effect
Foreign currency translation adjustment	$	23,901	$	-	$	23,901	$	25,811	$	-	$	25,811	$	23,305	$	-	$	23,305
Unamortized loss on pension plans		(10,207)		2,561		(7,646)		(7,636)		1,584		(6,052)		(5,315)		-		(5,315)
Unrealized loss on interest rate swaps		(138)		-		(138)		(927)		-		(927)		(1,917)		-		(1,917)
Accumulated other comprehensive income	$	13,556	$	2,561	$	16,117	$	17,248	$	1,584	$	18,832	$	16,073	$	-	$	16,073

Schedule Of Basic And Diluted Earnings Per Share

	2012		2011		2010
Net income	$	10,134	$	32,644	$	6,539
Less: Undistributed earnings reallocated to non-vested shareholders		(506)		(1,429)		(201)
Dilutive earnings	$	9,628	$	31,215	$	6,338
Weighted average common shares – Basic:
Class A		8,155		8,045		8,008
Class B		1,216		1,216		1,217
Dilutive stock options		8		26		42
Weighted average common shares - Dilutive		9,379		9,287		9,267
Net income per common share – Basic:
Class A	$	1.04	$	3.40	$	0.69
Class B	$	0.94	$	3.07	$	0.63
Net income per common share – Diluted:
Class A	$	1.03	$	3.36	$	0.68
Class B	$	1.03	$	3.36	$	0.68

Estimated Useful Life [Member]

Summary Of Signficant Accounting Policies [Line Items]

Schedule Of Property, Plant And Equipment

Property improvements	5-20 years
Buildings and improvements	20-40 years
Furniture, fixtures and equipment	3-10 years

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Quarterly Financial Summary (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Net sales	$ 74,795	$ 128,595	$ 128,726	$ 80,176	$ 77,377	$ 122,481	$ 128,864	$ 78,700	$ 75,121	$ 123,954	$ 112,897	$ 70,460	$ 412,292	$ 407,422	$ 382,432
Gross profit	28,447	54,247	50,527	31,101	28,994	50,528	52,933	30,680	30,294	51,487	45,386	26,356	164,322	163,135	153,523
Operating profit (loss)	(3,071)	14,222	13,981	(3,719)	(4,229)	11,810	11,424	(1,335)	(3,298)	13,353	8,054	(3,555)	21,413	17,670	14,554
Income (loss) before income taxes	(4,294)	14,044	13,278	(3,102)	(4,791)	9,106	10,088	(2,153)	(4,598)	11,421	6,401	(4,032)	19,926	12,250	9,192
Income tax expense (benefit)	(1,094)	5,049	5,995	(158)	(22,068)	988	1,602	(916)	1,242	989	218	204	9,792	(20,394)	2,653
Net income (loss)	$ (3,200)	$ 8,995	$ 7,283	$ (2,944)	$ 17,277	$ 8,118	$ 8,486	$ (1,237)	$ (5,840)	$ 10,432	$ 6,183	$ (4,236)	$ 10,134	$ 32,644	$ 6,539
Class A [Member]
Net income (loss) per common share - Basic	$ (0.33)	$ 0.92	$ 0.75	$ (0.30)	$ 1.80	$ 0.84	$ 0.89	$ (0.13)	$ (0.62)	$ 1.10	$ 0.66	$ (0.45)	$ 1.04	$ 3.40	$ 0.69
Net income (loss) per common share - Diluted	$ (0.32)	$ 0.91	$ 0.74	$ (0.30)	$ 1.77	$ 0.83	$ 0.87	$ (0.13)	$ (0.61)	$ 1.09	$ 0.64	$ (0.45)	$ 1.03	$ 3.36	$ 0.68
Class B [Member]
Net income (loss) per common share - Basic	$ (0.28)	$ 0.84	$ 0.68	$ (0.30)	$ 1.62	$ 0.76	$ 0.80	$ (0.13)	$ (0.56)	$ 1.00	$ 0.59	$ (0.45)	$ 0.94	$ 3.07	$ 0.63
Net income (loss) per common share - Diluted	$ (0.32)	$ 0.91	$ 0.74	$ (0.30)	$ 1.77	$ 0.83	$ 0.87	$ (0.13)	$ (0.61)	$ 1.09	$ 0.64	$ (0.45)	$ 1.03	$ 3.36	$ 0.68

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Summary Of Significant Accounting Policies (Schedule Of Basic And Diluted Earnings Per Share) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Net income	$ (3,200)	$ 8,995	$ 7,283	$ (2,944)	$ 17,277	$ 8,118	$ 8,486	$ (1,237)	$ (5,840)	$ 10,432	$ 6,183	$ (4,236)	$ 10,134	$ 32,644	$ 6,539
Less: Undistributed earnings reallocated to non-vested shareholders													(506)	(1,429)	(201)
Dilutive earnings													$ 9,628	$ 31,215	$ 6,338
Dilutive stock options													8	26	42
Weighted average common shares - Dilutive													9,379	9,287	9,267
Class A [Member]
Weighted average common shares - Basic													8,155	8,045	8,008
Net income per common share - Basic													$ 1.04	$ 3.40	$ 0.69
Net income per common share - Diluted													$ 1.03	$ 3.36	$ 0.68
Class B [Member]
Weighted average common shares - Basic													1,216	1,216	1,217
Net income per common share - Basic													$ 0.94	$ 3.07	$ 0.63
Net income per common share - Diluted													$ 1.03	$ 3.36	$ 0.68

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Summary Of Significant Accounting Policies (Earnings Per Share ("EPS")) (Narrative) (Details)	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Percentage of Class Dividends on Class A Common Stock Relative to Class B Common Stock	110.00%
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,850	15,066	16,063
Non-vested Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	495,235	472,761	325,172

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Derivative Instruments And Hedging Activities (Tables)

12 Months Ended

Sep. 28, 2012

Derivative Instruments And Hedging Activities [Abstract]

Schedule Of Loss Reclassified From AOCI Into Net Income

Loss reclassified from AOCI into:	2012		2011		2010
Interest expense	$	789	$	990	$	2,045

Schedule Of The Location And Amount Of Income Or Loss Recognized For Changes In Fair Value Of Derivative Instruments Not Designated As Hedging Instruments

	Location of  loss (gain)
Derivatives not designated as	recognized in Statement
hedging instruments	of Operations	2012		2011		2010
Foreign exchange forward contract	Other (income) expense, net	$	306	$	(361)	$	565

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Fair Value Measurements (Tables)

12 Months Ended

Sep. 28, 2012

Fair Value Measurements [Abstract]

Schedule Of Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table summarizes the Company's financial assets measured at fair value as of September 28, 2012:
		Level 1		Level 2		Level 3		Total
Assets:
Rabbi trust assets	$	7,289	$	-	$	-	$	7,289
Foreign currency forward contracts		-		173		-		173
The following table summarizes the Company's financial assets and liabilities measured at fair value as of September 30, 2011:
		Level 1		Level 2		Level 3		Total
Assets:
Rabbi trust assets	$	5,385	$	-	$	-	$	5,385
Liabilities:
Foreign currency forward contracts		-		128		-		128

Schedule Of The Location And Amount Of Income Or Loss Recognized For Changes In Fair Value Of Financial Instruments

The effect of changes in the fair value of financial instruments on the Consolidated Statements of Operations for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively, was:
	Location of (income) loss recognized in Statement of Operations	2012		2011		2010
Rabbi trust assets	Other (income) expense, net	$	(1,153)	$	382	$	(730)
Foreign currency forward contracts	Other (income) expense, net		306		(361)		565

Schedule Of Assets Measured At Fair Value On A Non-Recurring Basis

The following table summarizes the Company's assets measured at fair value on a non-recurring basis as of September 28, 2012 and the losses recognized as a result of this measurement in 2012:
		Level 1		Level 2		Level 3		Losses incurred
Other intangibles	$	-	$	-	$	-	$	609

The following table summarizes the Company's assets measured at fair value on a non-recurring basis as of September 30, 2011 and the losses recognized as a result of this measurement in 2011:
		Level 1		Level 2		Level 3		Losses incurred
Property, plant and equipment	$	-	$	-	$	1,300	$	334

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Summary Of Significant Accounting Policies

12 Months Ended

Sep. 28, 2012

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

Johnson Outdoors Inc. (the “Company”) is an integrated, global outdoor recreation products company engaged in the design, manufacture and marketing of brand name outdoor equipment, diving, watercraft and marine electronics products.

Principles of Consolidation

The consolidated financial statements include the accounts of Johnson Outdoors Inc. and all majority owned subsidiaries and are stated in conformity with U.S. generally accepted accounting principles. Intercompany accounts and transactions have been eliminated upon consolidation.

Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities and operating results and the disclosure of commitments and contingent liabilities. Actual results could differ significantly from those estimates.

Fiscal Year

The Company’s fiscal year ends on the Friday nearest September 30. The fiscal years ended September 28, 2012 (hereinafter 2012), September 30, 2011 (hereinafter 2011) and October 1, 2010 (hereinafter 2010) each comprised 52 weeks. 

Cash and Cash Equivalents

The Company considers all short-term investments in interest-bearing bank accounts, securities and other instruments with an original maturity of three months or less, to be equivalent to cash.  Cash equivalents are stated at cost which approximates market value.

The Company maintains cash in bank accounts in excess of insured limits. The Company has not experienced any losses and does not believe that significant credit risk exists as a result of this practice.

Accounts Receivable

Accounts receivable are recorded at face value less an allowance for doubtful accounts. The allowance for doubtful accounts is based on a combination of factors. In circumstances where specific collection concerns exist, a reserve is established to reduce the amount recorded to an amount the Company believes will be collected. For all other customers, the Company recognizes allowances for doubtful accounts based on historical experience of bad debts as a percent of outstanding accounts receivable for each business unit. Uncollectible accounts are written off against the allowance for doubtful accounts after collection efforts have been exhausted. The Company typically does not require collateral on its accounts receivable.

Inventories

The Company values inventory at the lower of cost (determined using the first-in first-out method) or market. Management’s judgment is required to determine the reserve for obsolete or excess inventory. Inventory on hand may exceed future demand either because the product is outdated or because the amount on hand is more than will be used to meet future needs. Inventory reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. The Company also considers current forecast plans, as well as market and industry conditions in establishing reserve levels. Though the Company considers these reserve balances to be adequate, changes in economic conditions, customer inventory levels or competitive conditions could have a favorable or unfavorable effect on required reserve balances.

Inventories at the end of the respective fiscal years consisted of the following:

	2012		2011
Raw materials	$	26,610	$	24,260
Work in process		1,324		1,780
Finished goods		39,124		42,422
	$	67,058	$	68,462

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of property, plant and equipment is determined by straight-line methods over the following estimated useful lives:

Property improvements	5-20 years
Buildings and improvements	20-40 years
Furniture, fixtures and equipment	3-10 years

Upon retirement or disposition, cost and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.

Property, plant and equipment at the end of the respective years consist of the following:

	2012		2011
Property improvements	$	599	$	620
Buildings and improvements		19,336		22,040
Furniture, fixtures and equipment		114,967		109,727
		134,902		132,387
Less accumulated depreciation		98,235		97,229
	$	36,667	$	35,158

Goodwill

The Company applies a fair value-based impairment test to the carrying value of goodwill on an annual basis as of the last day of the eleventh month of the Company’s fiscal year and, if certain events or circumstances indicate that an impairment loss may have been incurred, on an interim basis.  The operating segments of the Company also represent the reporting units for goodwill purposes. 

The analysis of potential impairment of goodwill requires a two-step process.  The first step is the estimation of fair value of the applicable reporting units.  Estimated fair value is based on management judgments and assumptions and the Company cannot predict what future events may occur that could adversely affect the reported value of its goodwill.  The fair values as determined by management are compared with the aggregate carrying values of the reporting units.  If the fair value of the reporting unit is greater than its carrying amount, there is no impairment.  If the reporting unit carrying amount is greater than the fair value, then the second step must be completed to measure the amount of impairment, if any.

The second step calculates the implied fair value of the goodwill which is compared to its carrying value.  If the implied fair value is less than the carrying value, an impairment loss is recognized equal to the difference.

The results of the impairment tests performed in 2012 and 2011 indicated no impairment to the Company’s goodwill. Due to the uncertainty of future events, the Company cannot assure that growth rates will not be lower than expected, discount rates will not increase or the projected cash flows of the individual reporting units will not decline, all of which could impact the carrying value of remaining goodwill in future periods. 

As of September 28, 2012 and September 30, 2011, the Company’s Outdoor Equipment and Watercraft segments had no carrying amount of goodwill.  The changes in the carrying amount of those segments with goodwill and the composition of consolidated net goodwill for fiscal 2012 and 2011 are as follows:

	Segment						Consolidated
	Marine Electronics		Diving		Consolidated		Gross Goodwill		Accumulated Impairment		Total
Balance at October 1, 2010	$	9,674	$	4,055	$	13,729	$	53,644	$	39,915	$	13,729
LakeMaster® acquisition		732		-		732		732		-		732
Amount attributable to movements in foreign currency rates		(9)		199		190		190		-		190
Balance at September 30, 2011		10,397		4,254		14,651		54,566		39,915		14,651
Amount attributable to movements in foreign currency rates		(35)		(150)		(185)		(185)		-		(185)
Balance at September 28, 2012	$	10,362	$	4,104	$	14,466	$	54,381	$	39,915	$	14,466

Other Intangible Assets

Indefinite-lived intangible assets are also tested for impairment annually.  During the fourth quarter of fiscal 2012, the Company completed its annual fair value-based impairment test on indefinite-lived intangibles.  There was no impairment of intangibles recorded for the year ended September 28, 2012 or for the year ended September 30, 2011. 

Intangible assets with definite lives are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over periods ranging from 3 to 16 years.  Amortization of patents and other intangible assets with definite lives was $1,057, $729 and $681 for 2012, 2011 and 2010, respectively. Amortization of these definite-lived intangible assets is expected to be approximately $180 in 2013 and approximately $130 for each of the following four years. 

During 2011, the allocation of the purchase price related to the LakeMaster® acquisition was completed resulting in indefinite-lived intangible assets of $290.  

Intangible assets at the end of the last two years consisted of the following:

	2012						2011
	Gross Intangible		Accumulated Amortization		Net		Gross Intangible		Accumulated Amortization		Total
Amortized other intangible assets:
Patents	$	3,614	$	(3,411)	$	203	$	3,687	$	(3,430)	$	257
Trademarks		1,881		(1,878)		3		1,976		(1,094)		882
Other amortizable intangibles		1,272		(759)		513		1,335		(611)		724
Non-amortized trademarks		3,590		-		3,590		3,540		-		3,540
	$	10,357	$	(6,048)	$	4,309	$	10,538	$	(5,135)	$	5,403

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable, and it performs an undiscounted cash flow analysis to determine if impairment exists.  If impairment is determined to exist, any related impairment loss is calculated based on the difference between the fair value and the carrying value.  During 2010, the Company recognized impairment on its Casarza-Ligure, Italy warehouse facility of $114 to write the asset down to its fair value of $656.  During 2011, the Company recognized impairment of $334 on part of its facility in Ferndale, Washington in order to write the asset down to its estimated fair value of $1,300.  In 2012, the Company recorded impairment on the Geonav trademark held by the Marine Electronics business, reducing its fair value to $0. 

Warranties

The Company provides for warranties of certain products as they are sold. Warranty reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. Estimates of costs to service its warranty obligations are based on historical experience, expectation of future conditions and known product issues.  The following table summarizes the warranty activity for the three years in the period ended September 28, 2012.

Balance at October 2, 2009	$	4,196
Expense accruals for warranties issued during the period		3,671
Less current period warranty claims paid		3,278
Balance at October 1, 2010		4,589
Expense accruals for warranties issued during the period		4,551
Less current period warranty claims paid		3,985
Balance at September 30, 2011	$	5,155
Expense accruals for warranties issued during the period		3,740
Less current period warranty claims paid		4,144
Balance at September 28, 2012	$	4,751

Accumulated Other Comprehensive Income (Loss)

The components of “Accumulated other comprehensive income (loss)” on the accompanying balance sheets as of fiscal year end 2012, 2011 and 2010 are as follows:

	2012						2011						2010
	Pre-Tax Amount		Tax Effect		Net of Tax Effect		Pre-Tax Amount		Tax Effect		Net of Tax Effect		Pre-Tax Amount		Tax Effect		Net of Tax Effect
Foreign currency translation adjustment	$	23,901	$	-	$	23,901	$	25,811	$	-	$	25,811	$	23,305	$	-	$	23,305
Unamortized loss on pension plans		(10,207)		2,561		(7,646)		(7,636)		1,584		(6,052)		(5,315)		-		(5,315)
Unrealized loss on interest rate swaps		(138)		-		(138)		(927)		-		(927)		(1,917)		-		(1,917)
Accumulated other comprehensive income	$	13,556	$	2,561	$	16,117	$	17,248	$	1,584	$	18,832	$	16,073	$	-	$	16,073

Earnings per Share (“EPS”)

Net income or loss per share of Class A common stock and Class B common stock is computed using the two-class method.  Grants of restricted stock which receive non-forfeitable dividends are required to be included as part of the basic weighted average share calculation under the two-class method.

Holders of Class A common stock are entitled to cash dividends equal to 110% of all dividends declared and paid on each share of Class B common stock. The Company grants shares of unvested restricted stock in the form of Class A shares, which carry the same distribution rights as the Class A common stock described above.  As such, the undistributed earnings for each period are allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive.

Basic EPS

Basic net income or loss per share is computed by dividing net income or loss allocated to Class A common stock and Class B common stock by the weighted-average number of shares of Class A common stock and Class B common stock outstanding, respectively.  In periods with cumulative year to date net income and undistributed income, the undistributed income for each period is allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive.  In periods where there is a cumulative year to date net loss or no undistributed income because distributions through dividends exceed net income, Class B shares are treated as anti-dilutive and, therefore, net losses are allocated equally on a per share basis among all participating securities.

For the years ended September 28, 2012, September 30, 2011 and October 1, 2010 basic income per share for Class A and Class B shares has been presented using the two class method as described above.

Diluted EPS

Diluted net income per share is computed by dividing allocated net income by the weighted-average number of common shares outstanding, adjusted for the effect of dilutive stock options and non-vested restricted stock. Anti-dilutive stock options and non-vested stock are excluded from the calculation of diluted EPS.  The computation of diluted net income per share of Class A common stock assumes that Class B common stock is converted into Class A common stock.  Therefore, diluted net income per share is the same for both Class A and Class B common shares.  In periods where the Company reports a net loss, the effect of anti-dilutive stock options and non-vested stock is excluded and diluted loss per share is equal to basic loss per share.

For the years ended September 28, 2012, September 30, 2011 and October 1, 2010, diluted net income per share reflects the effect of dilutive stock options and assumes the conversion of Class B common stock into Class A common stock. 

Stock options that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 5,850,  15,066 and 16,063 for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively.  Non-vested stock that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 495,235,  472,761 and 325,172 for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively.

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:

	2012		2011		2010
Net income	$	10,134	$	32,644	$	6,539
Less: Undistributed earnings reallocated to non-vested shareholders		(506)		(1,429)		(201)
Dilutive earnings	$	9,628	$	31,215	$	6,338
Weighted average common shares – Basic:
Class A		8,155		8,045		8,008
Class B		1,216		1,216		1,217
Dilutive stock options		8		26		42
Weighted average common shares - Dilutive		9,379		9,287		9,267
Net income per common share – Basic:
Class A	$	1.04	$	3.40	$	0.69
Class B	$	0.94	$	3.07	$	0.63
Net income per common share – Diluted:
Class A	$	1.03	$	3.36	$	0.68
Class B	$	1.03	$	3.36	$	0.68

Stock-Based Compensation

Stock-based compensation cost is recorded for all option grants and awards of non-vested stock 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. No stock options were granted in 2012, 2011 or 2010.  See Note 10 of the Notes to Consolidated Financial Statements for information regarding the Company’s stock-based incentive plans, including stock options, non-vested stock, and employee stock purchase plans.

Cash flows from income tax benefits resulting from tax deductions in excess of the compensation expense recognized for stock-based awards have been classified as financing cash flows.

Income Taxes

The Company provides for income taxes currently payable and deferred income taxes resulting from temporary differences between financial statement and taxable income.  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 bases of assets and liabilities, using enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred income tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.  A valuation allowance is established if it is more likely than not that some portion or all of a deferred income tax asset will not be realized. See Note 6 of the Notes to Consolidated Financial Statements for further discussion.

Employee Benefits

The Company and certain of its subsidiaries have various retirement and profit sharing plans.  The Company does not have any significant foreign retirement plans. Pension obligations, which are generally based on compensation and years of service, are funded by payments to pension fund trustees. The Company’s policy is to annually fund the minimum amount required under the Employee Retirement Income Security Act of 1974 for plans subject thereto.  Other retirement costs are funded at least annually.  See Note 7 of the Notes to Consolidated Financial Statements for additional discussion.

Foreign Operations and Related Derivative Financial Instruments

The functional currencies of the Company’s foreign operations are the local currencies. Accordingly, assets and liabilities of foreign operations are translated into U.S. dollars at the rate of exchange existing at the end of the year. Results of operations are translated at monthly average exchange rates. Adjustments resulting from the translation of foreign currency financial statements are classified as Accumulated other comprehensive income (loss), a separate component of Shareholders’ equity.

Currency gains and losses are recognized when assets and liabilities of foreign operations, denominated in other than their local currency, are converted into the local currency of the entity. Additionally, currency gains and losses are recognized through the settlement of transactions denominated in other than the local currency.  The Company recognized currency gains from transactions of $92 in 2012 and currency losses of  $2,061 and $610 in 2011 and 2010, respectively, all of which were included in the “Other (income) expense, net” line of the Company’s Consolidated Statements of Operations.

Because the Company operates internationally, it has exposure to market risk from movements in foreign currency exchange rates.  Approximately 23% of the Company’s revenues for the year ended September 28, 2012 were denominated in currencies other than the U.S. dollar. Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies.  The Company may mitigate a portion of the fluctuations in certain foreign currencies through the purchase of foreign currency swaps, forward contracts and options to hedge known commitments denominated in foreign currencies or borrowings in foreign currencies.  In 2012, 2011 and 2010 the Company used foreign currency forward contracts to reduce the economic risk of changes in foreign currency exchange rates on foreign currency borrowings.  The Company does not enter into foreign exchange contracts for trading or speculative purposes. 

Revenue Recognition

The Company recognizes revenue when all of the following criteria have been met:

· Persuasive evidence of an arrangement exists.  Contracts, internet commerce agreements, and customer purchase orders are generally used to determine the existence of an arrangement.

· All substantial risk of ownership transfers to the customer.  Shipping documents and customer acceptance, when applicable, are used to verify delivery.

· The fee is fixed or determinable.  This is assessed based on the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment.

· Collectability is reasonably assured.  We assess collectability based on the creditworthiness of the customer as determined by credit checks and analysis, as well as by the customer’s payment history.

Estimated costs of returns and allowances and discounts are accrued as a reduction to sales when revenue is recognized.

Advertising & Promotions

The Company expenses substantially all costs related to the production of advertising the first time the advertising takes place. Cooperative promotional arrangements are accrued as related revenue is earned.

Advertising and promotions expense in 2012, 2011 and 2010 totaled $21,745, $22,338 and $20,107, respectively. These charges are included in Marketing and selling expenses.  Capitalized advertising costs, included in Other current assets, totaled$1,074 and $752 at September 28, 2012 and September 30, 2011, respectively, and primarily included catalogs and costs of advertising which have not yet run for the first time.

Shipping and Handling Costs

Shipping and handling fees billed to customers are included in Net sales. Shipping and handling costs are included in Marketing and selling expenses and totaled $10,803, $10,591 and $ 9,697 for 2012, 2011 and 2010, respectively.

Research and Development

The Company expenses research and development costs as incurred except for costs of software development for new electronic products which are capitalized once technological feasibility is established and are included in Furniture, Fixtures and Equipment. The gross amount capitalized related to software development was $14,762, less accumulated amortization of $6,626, at September 28, 2012 and $8,380, less accumulated amortization of $4,399, at September 30, 2011.  These costs are amortized over the expected life of the software of three years.  Amortization expense related to capitalized software in 2012, 2011 and 2010 was $2,227, $1,373 and $489, respectively, and is included in Depreciation expense on Plant, Property and Equipment.

Fair Values

The carrying amounts of cash, cash equivalents, accounts receivable, and accounts payable approximated fair value at September 28, 2012 and September 30, 2011 due to the short maturities of these instruments. During 2012, 2011 and 2010, the Company held foreign currency forward contracts and investments in equity and debt securities that were carried at fair value.  When indicators of impairment are present, the Company may be required to value certain long-lived assets such as property, plant, and equipment, and other intangibles at fair value.

Valuation Techniques

Over the Counter Derivative Contracts

The value of over the counter derivative contracts, such as interest rate swaps and foreign currency forward contracts, are derived using pricing models, which take into account the contract terms, as well as other inputs, including, where applicable, the notional values of the contracts, payment terms, maturity dates, credit risk, interest rate yield curves, and contractual and market currency exchange rates.  The pricing model used for valuing interest rate swaps does not entail material subjectivity because the methodologies employed do not necessitate significant judgment, and the pricing inputs are observed from actively quoted markets.

Rabbi Trust Assets

Rabbi trust assets, used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan, are included in other assets, and are classified as trading securities.  These assets are comprised of marketable debt and equity securities that are marked to fair value based on unadjusted quoted prices in active markets.

Goodwill and Other Intangible Assets

In assessing the recoverability of the Company's goodwill and other intangible assets, the Company estimates the future discounted cash flows of the businesses to which the goodwill relates.  When estimated future discounted cash flows are less than the carrying value of the net assets and related goodwill, an impairment test is performed to measure and recognize the amount of the impairment loss, if any.  In determining estimated future cash flows, the Company makes assumptions regarding anticipated financial position, future earnings and other factors to determine the fair value of the respective assets.

See Note 2 of the Notes to Consolidated Financial Statementsfor disclosures regarding the fair value of long-term debt and Note 4 of the Notes to Consolidated Financial Statements for disclosures regarding fair value measurement.

Reclassifications

Certain prior year amounts have been reclassified to conform to the 2012 presentation. These reclassifications have no impact on previously reported net income or earnings per share.  

New Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board (“FASB”) issued updated authoritative guidance to amend fair value measurements and disclosures.  The guidance became effective for the Company on a prospective basis during its 2012 fiscal second quarter.  This guidance is intended to provide a consistent definition of fair value between International Financial Reporting Standards and U.S. GAAP and results in convergence of requirements for measurement of and disclosure about fair value.  The new guidance also changes some fair value measurement principles and enhances disclosure requirements related to activities in Level 3 of the fair value hierarchy.  The Company adopted this updated authoritative guidance effective as of December 31, 2011, the beginning of its second quarter of fiscal 2012.  The Company’s adoption of this authoritative guidance did not have a significant impact on the Company’s Consolidated Financial Statements.

In July 2012, The FASB issued guidance to amend and simplify the rules related to testing indefinite-lived intangible assets.  The revised guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not that the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment.  The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012.  The adoption of this guidance will not have a material effect on the Company’s Consolidated Financial Statements.

In September 2011, the FASB issued guidance to amend and simplify the rules related to testing goodwill for impairment.  The revised guidance allows an entity to make an initial qualitative evaluation, based on the entity’s events and circumstances, to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  The results of this qualitative assessment determine whether it is necessary to perform the currently required two-step impairment test.  The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The adoption of this guidance will not have a material effect on the Company’s Consolidated Financial Statements.

In December 2011, the FASB issued updated authoritative guidance to amend the presentation of comprehensive income in financial statements.  The guidance becomes effective on a retroactive basis for the Company’s first quarter of fiscal 2013.  This new guidance allows companies the option to present other comprehensive income in either a single continuous statement or in two separate but consecutive statements.  It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.  Under both alternatives, companies will be required to present each component of net income and comprehensive income. The adoption of this updated authoritative guidance will impact the presentation of the Company’s Consolidated Financial Statements, but it will have no effect on the Company’s financial condition, results of operations or cash flow.

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Leases And Other Commitments (Tables)

12 Months Ended

Sep. 28, 2012

Leases And Other Commitments [Abstract]

Future Minimum Rental Commitments Under Non-Cancelable Operating Leases

Year	Related parties included in total		Total
2013	$	1,091	$	6,127
2014		1,005		4,627
2015		874		4,150
2016		929		3,005
2017		156		1,769
Thereafter		-		1,131

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Employee Benefits (Pension Plans' Weighted Average Asset Allocations By Percent) (Details)	Sep. 28, 2012	Sep. 30, 2011
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation	100.00%	100.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation	74.00%	75.00%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation	25.00%	24.00%
Other Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation	1.00%	1.00%

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Quarterly Financial Summary (Tables)

12 Months Ended

Sep. 28, 2012

Quarterly Financial Summary [Abstract]

Schedule Of Quarterly Operating Results

	First Quarter						Second Quarter						Third Quarter						Fourth Quarter
(thousands, except per share data)	2012		2011		2010		2012		2011		2010		2012		2011		2010		2012		2011		2010
Net sales	$	80,176	$	78,700	$	70,460	$	128,726	$	128,864	$	112,897	$	128,595	$	122,481	$	123,954	$	74,795	$	77,377	$	75,121
Gross profit		31,101		30,680		26,356		50,527		52,933		45,386		54,247		50,528		51,487		28,447		28,994		30,294
Operating profit (loss)		(3,719)		(1,335)		(3,555)		13,981		11,424		8,054		14,222		11,810		13,353		(3,071)		(4,229)		(3,298)
Income (loss) before income taxes		(3,102)		(2,153)		(4,032)		13,278		10,088		6,401		14,044		9,106		11,421		(4,294)		(4,791)		(4,598)
Income tax expense (benefit)		(158)		(916)		204		5,995		1,602		218		5,049		988		989		(1,094)		(22,068)		1,242
Net income (loss)	$	(2,944)	$	(1,237)	$	(4,236)	$	7,283	$	8,486	$	6,183	$	8,995	$	8,118	$	10,432	$	(3,200)	$	17,277	$	(5,840)
Net income (loss) per common share - Basic:
Class A	$	(0.30)	$	(0.13)	$	(0.45)	$	0.75	$	0.89	$	0.66	$	0.92	$	0.84	$	1.10	$	(0.33)	$	1.80	$	(0.62)
Class B	$	(0.30)	$	(0.13)	$	(0.45)	$	0.68	$	0.80	$	0.59	$	0.84	$	0.76	$	1.00	$	(0.28)	$	1.62	$	(0.56)
Net income (loss) per common share - Diluted:
Class A	$	(0.30)	$	(0.13)	$	(0.45)	$	0.74	$	0.87	$	0.64	$	0.91	$	0.83	$	1.09	$	(0.32)	$	1.77	$	(0.61)
Class B	$	(0.30)	$	(0.13)	$	(0.45)	$	0.74	$	0.87	$	0.64	$	0.91	$	0.83	$	1.09	$	(0.32)	$	1.77	$	(0.61)

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Summary Of Significant Accounting Policies (Schedule Of Intangible Assets) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (6,048)	$ (5,135)
Non-amortized trademarks	3,590	3,540
Gross Intangible	10,357	10,538
Total Intangible Assets	4,309	5,403
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Intangible, Amortized other intangible assets	3,614	3,687
Accumulated Amortization	(3,411)	(3,430)
Net	203	257
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Intangible, Amortized other intangible assets	1,881	1,976
Accumulated Amortization	(1,878)	(1,094)
Net	3	882
Other Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Intangible, Amortized other intangible assets	1,272	1,335
Accumulated Amortization	(759)	(611)
Net	$ 513	$ 724

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Income Taxes (Tax Effects Of Temporary Differences Giving Rise To Deferred Tax Assets And Liabilities) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Income Taxes [Abstract]
Inventories	$ 3,700	$ 3,902
Compensation	8,635	10,258
Tax credit carryforwards	8,331	8,519
Goodwill and other intangibles	3,181	3,639
Net operating loss carryforwards	7,507	11,109
Depreciation and amortization	220	751
Other	5,178	5,385
Total gross deferred tax assets	36,752	43,563
Less valuation allowance	13,299	14,300
Deferred tax assets	23,453	29,263
Foreign statutory reserves	694	348
Net deferred tax assets	$ 22,759	$ 28,915

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Consolidated Statements Of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Net sales	$ 412,292	$ 407,422	$ 382,432
Cost of sales	247,970	244,287	228,909
Gross profit	164,322	163,135	153,523
Operating expenses:
Marketing and selling	88,468	90,336	86,677
Administrative management, finance and information systems	43,209	40,310	38,842
Litigation settlement recovery	(3,500)
Research and development	14,732	14,819	13,450
Total operating expenses	142,909	145,465	138,969
Operating profit	21,413	17,670	14,554
Interest income	(140)	(90)	(62)
Interest expense	2,258	3,220	5,057
Other (income) expense, net	(631)	2,290	367
Income before income taxes	19,926	12,250	9,192
Income tax expense (benefit)	9,792	(20,394)	2,653
Net income (loss)	$ 10,134	$ 32,644	$ 6,539
Weighted average common shares - Basic:
Dilutive stock options	8	26	42
Weighted average common shares - Dilutive	9,379	9,287	9,267
Class A [Member]
Weighted average common shares - Basic:
Weighted average common shares - Basic	8,155	8,045	8,008
Net income per common share - Basic:
Net income per common share - Basic	$ 1.04	$ 3.40	$ 0.69
Net income per common share - Diluted:
Net income per common share - Diluted	$ 1.03	$ 3.36	$ 0.68
Class B [Member]
Weighted average common shares - Basic:
Weighted average common shares - Basic	1,216	1,216	1,217
Net income per common share - Basic:
Net income per common share - Basic	$ 0.94	$ 3.07	$ 0.63
Net income per common share - Diluted:
Net income per common share - Diluted	$ 1.03	$ 3.36	$ 0.68

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Summary Of Significant Accounting Policies (Foreign Operations And Related Derivative Financial Instruments) (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Foreign Currencies [Line Items]
Currency gains from transactions	$ 92
Currency losses from transactions		$ 2,061	$ 610
Percent of Revenues in Foreign Currency	23.00%
Euro [Member]
Foreign Currencies [Line Items]
Percent of Revenues in Foreign Currency	12.00%
Other Foreign Currencies [Member]
Foreign Currencies [Line Items]
Percent of Revenues in Foreign Currency	11.00%

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Significant Event (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011
Extraordinary Item [Line Items]
Insurance Settlements Receivable, Current	$ 636
Flood Insurance Proceeds Received	2,000	1,000
Flood Costs Incurred	1,578	1,868
Outdoor Equipment [Member]
Extraordinary Item [Line Items]
Flood Expense	19	257
Gain on Business Interruption Insurance Recovery	220
Gain (loss) on Fixed Asset Replacement	$ 246

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Consolidated Statements Of Shareholders' Equity (Parenthetical) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011
Statement of Stockholders' Equity [Abstract]
Change in pension plans, tax	$ 977	$ 1,584

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Segments of Business (Schedule Of Operations By Geographic Area) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Segment Reporting Information [Line Items]
Net sales	$ 74,795	$ 128,595	$ 128,726	$ 80,176	$ 77,377	$ 122,481	$ 128,864	$ 78,700	$ 75,121	$ 123,954	$ 112,897	$ 70,460	$ 412,292	$ 407,422	$ 382,432
Total assets	263,632				259,356								263,632	259,356
Long-term assets	65,872				63,380								65,872	63,380
Eliminations [Member]
Segment Reporting Information [Line Items]
Interunit transfers													(1,018)	(1,392)	(1,353)
Net sales													(31,897)	(30,454)	(27,841)
United States [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													307,090	298,193	274,998
Interunit transfers													18,972	18,276	15,785
Total assets	167,545				161,355								167,545	161,355
Long-term assets	57,894				53,316								57,894	53,316
Europe [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													55,651	66,681	65,622
Interunit transfers													10,776	9,854	9,670
Total assets	57,273				64,218								57,273	64,218
Long-term assets	7,350				9,348								7,350	9,348
Other Geographic Areas [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													49,551	42,548	41,812
Interunit transfers													2,149	2,324	2,386
Total assets	38,814				33,783								38,814	33,783
Long-term assets	$ 628				$ 716								$ 628	$ 716

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Indebtedness (Schedule Of Maturities Of Long-Term Debt) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012
Indebtedness [Abstract]
2013	$ 526
2014	514
2015	359
2016	367
2017	388
Thereafter	6,706
Total	$ 8,860

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Valuation And Qualifying Accounts (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Allowance For Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 3,076	$ 2,987	$ 2,695
Additions Charged to Costs and Expenses	1,558	448	995
Less Deductions	462	359	703
Balance at End of Year	4,172	3,076	2,987
Reserves For Inventory Valuation [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	6,405	4,851	6,252
Additions Charged to Costs and Expenses	2,307	3,317	1,404
Less Deductions	3,033	1,763	2,805
Balance at End of Year	5,679	6,405	4,851
Valuation Of Deferred Tax Assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	14,300	39,178	40,883
Additions Charged to Costs and Expenses	1,461	2,915	3,882
Less Deductions	2,462	27,793	5,587
Balance at End of Year	13,299	14,300	39,178
Reserves For Sales Returns [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	1,484	1,181	1,265
Additions Charged to Costs and Expenses	1,995	2,462	1,731
Less Deductions	2,112	2,159	1,815
Balance at End of Year	$ 1,367	$ 1,484	$ 1,181

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Common Stock (Tables)

12 Months Ended

Sep. 28, 2012

Equity [Abstract]

Schedule Of Authorized And Outstanding Shares By Class

	2012	2011
Class A, $0.05 par value:
Authorized	20,000,000	20,000,000
Outstanding	8,676,703	8,567,549
Class B, $0.05 par value:
Authorized	3,000,000	3,000,000
Outstanding	1,215,758	1,215,842

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Fair Value Measurements (Schedule Of The Location And Amount Of Income Or Loss Recognized For Changes In Fair Value Of Financial Instruments) (Details) (Other (Income) Expense, Net [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Rabbi Trust Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Changes in fair value	$ (1,153)	$ 382	$ (730)
Foreign Currency Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Changes in fair value	$ 306	$ (361)	$ 565

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Restructuring

12 Months Ended

Sep. 28, 2012

Restructuring [Abstract]

Restructuring

15RESTRUCTURING

On July 11, 2012, the Company announced plans to restructure Watercraft sales and distribution in Europe and to consolidate all of its U.S. operations at a single location in Old Town, Maine. The Company believes this plan will enhance the competitiveness and profit potential of its Watercraft business.  This action will result in the closure of a  sales office in the U.K.,the closure of a marketing and R&D facility in Bellingham, Washington and the elimination of approximately 24 positions in the U.S. and Europe.  These charges are included in the “Administrative management, finance and information systems” line in the Company’s Consolidated Statements of Operations in the Watercraft segment.  The restructuring accrual is included in the “Other current liabilities” line in the Company’s Consolidated Balance Sheet.  In addition, the Company increased its allowance for doubtful accounts by $450 as a result of this action. The Company expects the total cost of this restructuring to be approximately $2,400 and to be completed over the next 12 months. 

The following table presents changes in the accrual related to this restructuring project through September 28, 2012:
		Employee Termination Costs		Contract Exit Costs		Other Exit Costs		Total
Accrued restructuring liabilities as of September 30, 2011	$	-	$	-	$	-	$	-
Activity during the year ended September 28, 2012:
Charges to earnings		574		282		162		1,018
Settlement payments		(146)		(282)		(62)		(490)
Accrued restructuring liabilities as of September 28, 2012	$	428	$	-	$	100	$	528

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Stock-Based Compensation And Stock Ownership Plans (Tables)

12 Months Ended

Sep. 28, 2012

Stock-Based Compensation And Stock Ownership Plans [Abstract]

Schedule Of Stock Option Activity

	Shares	Weighted Average Exercise    Price		Aggregate Intrinsic    Value		Weighted Average Remaining Contractual Term (Years)
Outstanding and exercisable at October 2, 2009	180,288	$	8.23
Exercised	(55,250)		7.29
Cancelled	(11,334)		9.39
Outstanding and exercisable at October 1, 2010	113,704		8.57
Exercised	(40,780)		5.79
Cancelled	(4,334)		6.28
Outstanding and exercisable at September 30, 2011	68,590		10.37
Exercised	(43,390)		7.79	$	351
Cancelled	(1,834)		7.42		26
Outstanding and exercisable at September 28, 2012	23,366		15.39		139	1.6

Schedule Of Non-Vested Stock Activity

		Weighted Average
	Shares	Grant Price
Non-vested stock at October 1, 2010	325,172	$	10.99
Non-vested stock grants	161,825		13.74
Non-vested stock cancelled	(4,466)		9.12
Restricted stock vested	(9,770)		15.35
Non-vested stock at September 30, 2011	472,761		11.86
Non-vested stock grants	66,312		16.02
Non-vested stock cancelled	(4,360)		9.12
Restricted stock vested	(41,165)		17.81
Non-vested stock at September 28, 2012	493,548	$	11.95

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Restructuring (Schedule Of Restructuring Reserve) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012
Restructuring Cost and Reserve [Line Items]
Accrued restructuring liabilities as of September 30, 2011
Charges to earnings	1,018
Settlement payments	(490)
Accrued restructuring liabilities as of September 28, 2012	528
Employee Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring liabilities as of September 30, 2011
Charges to earnings	574
Settlement payments	(146)
Accrued restructuring liabilities as of September 28, 2012	428
Contract Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring liabilities as of September 30, 2011
Charges to earnings	282
Settlement payments	(282)
Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring liabilities as of September 30, 2011
Charges to earnings	162
Settlement payments	(62)
Accrued restructuring liabilities as of September 28, 2012	$ 100

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Quarterly Financial Summary

12 Months Ended

Sep. 28, 2012

Quarterly Financial Summary [Abstract]

Quarterly Financial Summary

17QUARTERLY FINANCIAL SUMMARY (unaudited)

The following summarizes quarterly operating results for the years presented below:

	First Quarter						Second Quarter						Third Quarter						Fourth Quarter
(thousands, except per share data)	2012		2011		2010		2012		2011		2010		2012		2011		2010		2012		2011		2010
Net sales	$	80,176	$	78,700	$	70,460	$	128,726	$	128,864	$	112,897	$	128,595	$	122,481	$	123,954	$	74,795	$	77,377	$	75,121
Gross profit		31,101		30,680		26,356		50,527		52,933		45,386		54,247		50,528		51,487		28,447		28,994		30,294
Operating profit (loss)		(3,719)		(1,335)		(3,555)		13,981		11,424		8,054		14,222		11,810		13,353		(3,071)		(4,229)		(3,298)
Income (loss) before income taxes		(3,102)		(2,153)		(4,032)		13,278		10,088		6,401		14,044		9,106		11,421		(4,294)		(4,791)		(4,598)
Income tax expense (benefit)		(158)		(916)		204		5,995		1,602		218		5,049		988		989		(1,094)		(22,068)		1,242
Net income (loss)	$	(2,944)	$	(1,237)	$	(4,236)	$	7,283	$	8,486	$	6,183	$	8,995	$	8,118	$	10,432	$	(3,200)	$	17,277	$	(5,840)
Net income (loss) per common share - Basic:
Class A	$	(0.30)	$	(0.13)	$	(0.45)	$	0.75	$	0.89	$	0.66	$	0.92	$	0.84	$	1.10	$	(0.33)	$	1.80	$	(0.62)
Class B	$	(0.30)	$	(0.13)	$	(0.45)	$	0.68	$	0.80	$	0.59	$	0.84	$	0.76	$	1.00	$	(0.28)	$	1.62	$	(0.56)
Net income (loss) per common share - Diluted:
Class A	$	(0.30)	$	(0.13)	$	(0.45)	$	0.74	$	0.87	$	0.64	$	0.91	$	0.83	$	1.09	$	(0.32)	$	1.77	$	(0.61)
Class B	$	(0.30)	$	(0.13)	$	(0.45)	$	0.74	$	0.87	$	0.64	$	0.91	$	0.83	$	1.09	$	(0.32)	$	1.77	$	(0.61)

Due to changes in stock prices during the year and timing of issuance of shares, the cumulative total of quarterly net income (loss) per share amounts may not equal the net income (loss) per share for the year.

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Leases And Other Commitments (Future Minimum Rental Commitments Under Non-Cancelable Operating Leases) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012
Operating Leased Assets [Line Items]
2013	$ 6,127
2014	4,627
2015	4,150
2016	3,005
2017	1,769
Thereafter	1,131
Related Parties [Member]
Operating Leased Assets [Line Items]
2013	1,091
2014	1,005
2015	874
2016	929
2017	$ 156

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Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES
Net income	$ 10,134	$ 32,644	$ 6,539
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation	10,473	9,843	8,875
Amortization of intangible assets	1,057	729	681
Amortization of deferred financing costs	352	305	421
Stock based compensation	1,666	1,436	956
Amortization of deferred loss on interest rate swap	789	990	2,045
Write off of currency translation adjustment loss	552
Provision for doubtful accounts receivable	1,558	448	995
Provision for inventory reserves	2,307	3,317	1,404
Deferred income taxes	6,989	(21,999)	415
Change in operating assets and liabilities:
Accounts receivable, net	4,591	(581)	(4,857)
Inventories, net	(1,507)	588	(12,563)
Accounts payable and accrued liabilities	(2,949)	3,095	13,114
Other current assets	(2,548)	708	1,986
Other non-current assets	(2,613)	242	(913)
Other long-term liabilities	579	(1,276)	358
Other, net	334	491	295
Cash provided by (used for) operating activities	31,764	30,980	19,751
CASH USED FOR INVESTING ACTIVITIES
Payments for purchase of business		(3,969)
Additions to property, plant and equipment	(12,032)	(9,367)	(9,966)
Proceeds from sales of property, plant and equipment	1,243	13	695
Cash used for investing activities	(10,789)	(13,323)	(9,271)
CASH USED FOR FINANCING ACTIVITIES
Net borrowings from short-term notes payable and revolving credit lines		(7,546)	(7,289)
Principal payments on senior notes and other long-term debt	(6,112)	(1,292)	(594)
Deferred financing costs paid to lenders		(133)	(173)
Common stock transactions	963	323	484
Purchases of treasury stock	(107)
Cash used for financing activities	(5,256)	(8,648)	(7,572)
Effect of foreign currency rate changes on cash	(1,329)	2,189	2,513
Decrease in cash and cash equivalents	14,390	11,198	5,421
CASH AND CASH EQUIVALENTS
Beginning of period	44,514	33,316	27,895
End of period	$ 58,904	$ 44,514	$ 33,316

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Current assets:
Cash and cash equivalents	$ 58,904	$ 44,514
Accounts receivable, net	40,673	47,209
Inventories	67,058	68,462
Deferred income taxes	8,645	9,732
Other current assets	7,672	6,528
Total current assets	182,952	176,445
Property, plant and equipment, net of accumulated depreciation of $98,235 and $97,229, respectively	36,667	35,158
Deferred income taxes	14,808	19,531
Goodwill	14,466	14,651
Other intangible assets, net	4,309	5,403
Other assets	10,430	8,168
Total assets	263,632	259,356
Current liabilities:
Current maturities of long-term debt	526	3,494
Accounts payable	24,559	28,339
Accrued liabilities:
Salaries, wages and benefits	15,365	14,286
Accrued warranty	4,751	5,155
Income taxes payable	582	1,635
Other accrued liabilities	13,184	12,091
Total current liabilities	58,967	65,000
Long-term debt, less current maturities	8,334	11,478
Deferred income taxes	694	348
Retirement benefits	11,827	10,074
Other liabilities	10,206	8,931
Total liabilities	90,028	95,831
Common stock:
Capital in excess of par value	64,184	61,521
Retained earnings	92,817	82,683
Accumulated other comprehensive income	16,117	18,832
Treasury stock at cost, shares of Class A common stock: 516 and 0, respectively	(9)
Total shareholders' equity	173,604	163,525
Total liabilities and shareholders' equity	263,632	259,356
Class A [Member]
Common stock:
Shares issued and outstanding	434	428
Class B [Member]
Common stock:
Shares issued and outstanding	$ 61	$ 61

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Stock-Based Compensation And Stock Ownership Plans

12 Months Ended

Sep. 28, 2012

Stock-Based Compensation And Stock Ownership Plans [Abstract]

Stock-Based Compensation And Stock Ownership Plans

10STOCK-BASED COMPENSATION AND Stock Ownership Plans

The Company’s current stock ownership plans provide for issuance of options to acquire shares of Class A common stock by key executives and non-employee directors. Current plans also allow for issuance of shares of restricted stock or stock appreciation rights in lieu of options.

Under the Company’s 2010 Long-Term Stock Incentive Plan and the 2003 Non-Employee Director Stock Ownership Plan there were 843,749 shares of the Company’s Class A common stock available for grant to key executives and non-employee directors at September 28, 2012.

Stock Options

All stock options have been granted at a price not less than fair market value at the date of grant and are currently exercisable. Stock options generally have a term of 10 years.

All of the Company’s stock options outstanding are fully vested, with no further compensation expense to be recorded. There were no grants of stock options in 2012, 2011 or 2010.

A summary of stock option activity related to the Company’s plans is shown below.

	Shares	Weighted Average Exercise    Price		Aggregate Intrinsic    Value		Weighted Average Remaining Contractual Term (Years)
Outstanding and exercisable at October 2, 2009	180,288	$	8.23
Exercised	(55,250)		7.29
Cancelled	(11,334)		9.39
Outstanding and exercisable at October 1, 2010	113,704		8.57
Exercised	(40,780)		5.79
Cancelled	(4,334)		6.28
Outstanding and exercisable at September 30, 2011	68,590		10.37
Exercised	(43,390)		7.79	$	351
Cancelled	(1,834)		7.42		26
Outstanding and exercisable at September 28, 2012	23,366		15.39		139	1.6

The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price of $21.39 as of September 28, 2012, which would have been received by the option holders had those option holders exercised their stock options as of that date.  The intrinsic values of the stock received upon exercise of such options at their date of exercise during 2012, 2011 and 2010 were $689, $567 and $564, respectively.

The Company received cash proceeds from stock option exercises totaling $338,  $323and $484for the years ending September 28, 2012, September 30, 2011 and October 1, 2010, respectively.

Non-Vested Stock

All shares of non-vested stock awarded by the Company have been granted at their fair market value on the date of grant and vest either immediately or within five years after the grant date.  The fair value at date of grant is based on the number of shares granted and the average of the Company’s high and low Class A common stock price on the date of grant or, if the Company’s shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock price on the last preceding date on which the Company’s shares traded.

A summary of non-vested stock activity for the two year period ended September 28, 2012 related to the Company’s stock ownership plans is as follows:

		Weighted Average
	Shares	Grant Price
Non-vested stock at October 1, 2010	325,172	$	10.99
Non-vested stock grants	161,825		13.74
Non-vested stock cancelled	(4,466)		9.12
Restricted stock vested	(9,770)		15.35
Non-vested stock at September 30, 2011	472,761		11.86
Non-vested stock grants	66,312		16.02
Non-vested stock cancelled	(4,360)		9.12
Restricted stock vested	(41,165)		17.81
Non-vested stock at September 28, 2012	493,548	$	11.95

Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of shares by tendering a portion of the vested shares back to the Company. Shares tendered back to the Company were 6,621 and 0 during 2012 and 2011, respectively.  The fair value of restricted stock vested during 2012, 2011 and 2010 was approximately $660, $150 and $125, respectively.

Stock compensation expense, net of forfeitures, related to non-vested stock was $1,666, $1,436 and $956 during 2012, 2011 and 2010, respectively.  The tax benefit recognized during 2012 related to stock based compensation was $633.  There were no material tax benefits for stock based compensation recognized during 2011 and 2010.  Unrecognized compensation cost related to non-vested stock as of September 28, 2012 was $2,246, which amount will be amortized to expense through November 2016 or adjusted for changes in future estimated or actual forfeitures.

Employee Stock Purchase Plan

The 2009 Employees’ Stock Purchase Plan (the “Purchase Plan”) provides for the issuance of shares of Class A common stock at a purchase price of not less than 85% of the fair market value of such shares on the date of grant or at the end of the offering period, whichever is lower.

The Company issued 10,349,  5,475 and 10,448 shares of Class A common stock under the Purchase Plan during the years 2012, 2011 and 2010, respectively, and recognized expense of $30,  $16and $24in 2012, 2011 and 2010, respectively.

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Subsequent Event (Acquiree net sales and operating profit) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010	Dec. 30, 2011 Jetboil Inc. [Member]	Dec. 31, 2010 Jetboil Inc. [Member]
Subsequent Event [Line Items]
Net sales																$ 10,775	$ 7,282
Operating profit (loss)	$ (3,071)	$ 14,222	$ 13,981	$ (3,719)	$ (4,229)	$ 11,810	$ 11,424	$ (1,335)	$ (3,298)	$ 13,353	$ 8,054	$ (3,555)	$ 21,413	$ 17,670	$ 14,554	$ 1,203	$ 541

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Segments of Business (Schedule Of Operations By Business Segment) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended												12 Months Ended
	Sep. 28, 2012	Jun. 29, 2012	Mar. 30, 2012	Dec. 30, 2011	Sep. 30, 2011	Jul. 01, 2011	Apr. 01, 2011	Dec. 31, 2010	Oct. 01, 2010	Jul. 02, 2010	Apr. 02, 2010	Jan. 01, 2010	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Segment Reporting Information [Line Items]
Net sales	$ 74,795	$ 128,595	$ 128,726	$ 80,176	$ 77,377	$ 122,481	$ 128,864	$ 78,700	$ 75,121	$ 123,954	$ 112,897	$ 70,460	$ 412,292	$ 407,422	$ 382,432
Operating profit (loss)	(3,071)	14,222	13,981	(3,719)	(4,229)	11,810	11,424	(1,335)	(3,298)	13,353	8,054	(3,555)	21,413	17,670	14,554
Depreciation and amortization expense													11,882	10,877	9,977
Additions to property, plant and equipment													12,032	9,367	9,966
Goodwil, net	14,466				14,651				13,729				14,466	14,651	13,729
Total assets	263,632				259,356								263,632	259,356
Marine Electronics [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													231,014	221,839	185,206
Interunit transfers													220	276	288
Operating profit (loss)													25,230	21,074	13,938
Depreciation and amortization expense													7,058	5,694	4,923
Additions to property, plant and equipment													9,569	5,283	6,923
Goodwil, net	10,362				10,397				9,674				10,362	10,397	9,674
Total assets	97,261				101,739								97,261	101,739
Outdoor Equipment [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													35,267	38,832	48,623
Interunit transfers													61	50	67
Operating profit (loss)													2,831	2,996	5,881
Depreciation and amortization expense													447	479	521
Additions to property, plant and equipment													791	262	201
Total assets	26,978				24,046								26,978	24,046
Watercraft [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													58,092	57,583	63,857
Interunit transfers													109	149	144
Operating profit (loss)													(408)	(1,351)	1,826
Depreciation and amortization expense													1,658	1,454	1,455
Additions to property, plant and equipment													733	1,274	1,314
Total assets	32,766				34,614								32,766	34,614
Diving [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													87,367	88,627	84,222
Interunit transfers													628	917	854
Operating profit (loss)													6,408	3,610	3,030
Depreciation and amortization expense													1,255	1,942	1,574
Additions to property, plant and equipment													589	1,269	811
Goodwil, net	4,104				4,254				4,055				4,104	4,254	4,055
Total assets	70,957				67,969								70,957	67,969
Other/Corporate [Member]
Segment Reporting Information [Line Items]
Unaffiliated customers													552	541	524
Operating profit (loss)													(12,648)	(8,659)	(10,121)
Depreciation and amortization expense													1,464	1,308	1,504
Additions to property, plant and equipment													350	1,279	717
Total assets	35,670				30,988								35,670	30,988
Eliminations [Member]
Segment Reporting Information [Line Items]
Interunit transfers													(1,018)	(1,392)	(1,353)
Net sales													$ (31,897)	$ (30,454)	$ (27,841)

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Stock-Based Compensation And Stock Ownership Plans (Non-Vested Stock Activity) (Details) (Non-vested Stock [Member], USD $)	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011
Non-vested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested stock, Beginning balance	472,761	325,172
Non-vested stock grants	66,312	161,825
Non-vested stock cancelled	(4,360)	(4,466)
Restricted stock vested	(41,165)	(9,770)
Non-vested stock, Ending balance	493,548	472,761
Non-vested stock, Beginning balance, Weighted Average Grant Price	$ 11.86	$ 10.99
Non-vested stock grants, Weighted Average Grant Price	$ 16.02	$ 13.74
Non-vested stock cancelled, Weighted Average Grant Price	$ 9.12	$ 9.12
Restricted stock vested, Weighted Average Grant Price	$ 17.81	$ 15.35
Non-vested stock, Ending balance, Weighted Average Grant Price	$ 11.95	$ 11.86

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Document and Entity Information (USD $)	12 Months Ended
	Sep. 28, 2012	Mar. 30, 2012	Nov. 30, 2012 Class A [Member]	Nov. 30, 2012 Class B [Member]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 28, 2012
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2012
Entity Registrant Name	JOHNSON OUTDOORS INC
Entity Central Index Key	0000788329
Current Fiscal Year End Date	--09-28
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding			8,679,313	1,213,664
Entity Well-known Seasoned Issuer	No
Entity Public Float		$ 89,969,358
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

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Related Party Transactions

12 Months Ended

Sep. 28, 2012

Related Party Transactions [Abstract]

Related Party Transactions

11RELATED PARTY Transactions

The Company conducts transactions with certain related parties including organizations controlled by the Johnson Family and other related parties. These transactions include consulting services, aviation services, office rental, and certain administrative activities. Total costs of these transactions were $1,479, $1,487 and $1,674 for 2012, 2011 and 2010, respectively. Amounts due to/from related parties were immaterial at September 28, 2012 and September 30, 2011.

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Employee Benefits (Net Periodic Benefit Cost For The Non-Contributory Defined Benefit Pension Plans) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Employee Benefits [Abstract]
Service cost
Interest cost	1,036	1,003	993
Expected return on plan assets	(942)	(962)	(972)
Amortization of unrecognized net actuarial loss	335	177	94
Net periodic pension cost	429	218	115
Net actuarial loss	2,571	2,321	497
Total recognized in net periodic pension cost and OCI	$ 3,000	$ 2,539	$ 612

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Stock-Based Compensation And Stock Ownership Plans (Stock Option Activity) (Details) (Stock Options [Member], USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding and exercisable, Beginning balance, Shares	68,590	113,704	180,288
Exercised, Shares	(43,390)	(40,780)	(55,250)
Cancelled, Shares	(1,834)	(4,334)	(11,334)
Outstanding and exercisable, Ending balance, Shares	23,366	68,590	113,704
Outstanding and exercisable, Beginning balance, Weighted Average Exercise Price	$ 10.37	$ 8.57	$ 8.23
Exercised, Weighted Average Exercise Price	$ 7.79	$ 5.79	$ 7.29
Cancelled, Weighted Average Exercise Price	$ 7.42	$ 6.28	$ 9.39
Outstanding and exercisable, Ending balance, Weighted Average Exercise Price	$ 15.39	$ 10.37	$ 8.57
Options outstanding and exercisable at September 28, 2012, Aggregate Intrinsic Value	$ 139
Options outstanding and exercisable at September 28, 2012, Weighted Average Remaining Contractual Term (Years)	1 year 7 months 6 days
Exercised, Aggregate Intrinsic Value	351
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	1 year 7 months 6 days
Cancelled, Aggregate Intrinsic Value	$ 26

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Property, plant and equipment, accumulated depreciation	$ 98,235	$ 97,229
Preferred stock issued	0	0
Treasury stock, shares	516	0
Class A [Member]
Common stock, shares issued	8,676,703	8,567,549
Common stock, shares outstanding	8,676,703	8,567,549
Class B [Member]
Common stock, shares issued	1,215,758	1,215,842
Common stock, shares outstanding	1,215,758	1,215,842

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Leases And Other Commitments

12 Months Ended

Sep. 28, 2012

Leases And Other Commitments [Abstract]

Leases And Other Commitments

5Leases and Other Commitments

The Company leases certain facilities and machinery and equipment under long-term, non-cancelable operating leases. Future minimum rental commitments under non-cancelable operating leases with an initial lease term in excess of one year at September 28, 2012 were as follows:

Year	Related parties included in total		Total
2013	$	1,091	$	6,127
2014		1,005		4,627
2015		874		4,150
2016		929		3,005
2017		156		1,769
Thereafter		-		1,131

Rental expense under all leases was approximately $9,126,  $8,731 and $8,990 for 2012, 2011 and 2010, respectively.  Rent expense to related parties was $1,124,  $849 and $799 for 2012, 2011 and 2010, respectively.

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Fair Value Measurements

12 Months Ended

Sep. 28, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

4FAIR VALUE MEASUREMENTS

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. A fair value hierarchy has been established based on three levels of inputs, of which the first two are considered observable and the last unobservable.

· Level 1 - Quoted prices in active markets for identical assets or liabilities. These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets.

· Level 2 - Inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly. These are typically obtained from readily-available pricing sources for comparable instruments.

· Level 3 - Unobservable inputs, where there is little or no market activity for the asset or liability. These inputs reflect the reporting entity’s own assumptions of the data that market participants would use in pricing the asset or liability, based on the best information available in the circumstances.

The following table summarizes the Company's financial assets measured at fair value as of September 28, 2012:
		Level 1		Level 2		Level 3		Total
Assets:
Rabbi trust assets	$	7,289	$	-	$	-	$	7,289
Foreign currency forward contracts		-		173		-		173
The following table summarizes the Company's financial assets and liabilities measured at fair value as of September 30, 2011:
		Level 1		Level 2		Level 3		Total
Assets:
Rabbi trust assets	$	5,385	$	-	$	-	$	5,385
Liabilities:
Foreign currency forward contracts		-		128		-		128

Rabbi trust assets are classified as trading securities and are comprised of marketable debt and equity securities that are marked to fair value based on unadjusted quoted prices in active markets.  The rabbi trust assets are used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan.  The mark-to-market adjustments are recorded in “Other (income) expense, net” in the Consolidated Statements of Operations.

The fair value of the foreign exchange forward contract reported above was measured using the market value approach based on foreign currency exchange rates and the notional amount of the forward contract. The mark-to-market adjustments are recorded in “Other (income) expense, net.”

The effect of changes in the fair value of financial instruments on the Consolidated Statements of Operations for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively, was:
	Location of (income) loss recognized in Statement of Operations	2012		2011		2010
Rabbi trust assets	Other (income) expense, net	$	(1,153)	$	382	$	(730)
Foreign currency forward contracts	Other (income) expense, net		306		(361)		565

Certain assets and liabilities are measured at fair value on a non-recurring basis in periods subsequent to their initial recognition. 

During 2012, the Company recorded impairment on a trademark held by the Marine Electronics business, reducing its fair value to $0.  A $609 charge was included in “Administrative management, finance and information systems” expenses in the Marine Electronics segment related to this impairment during 2012.

During 2011, the Company recognized impairment of $334 on part of its facility in Ferndale, Washington in order to write the asset down to its estimated fair value of approximately $1,300.  The fair value of the facility was determined using a market approach based on recent selling prices of comparable properties. The impairment charge was included in “Other (income) expense, net” in the Company’s accompanying Consolidated Statements of Operations in the Watercraft segment.  This facility was sold in 2012 for approximately its fair value.

During 2010, the Company recognized impairment related to a warehouse facility in Casarza-Ligure, Italy of $114 to write the asset down to its fair value of $656.  The fair value of the facility was determined using a market approach based on recent selling prices of comparable properties.  The impairment charge was included in “Administrative management, finance and information systems” expenses in the Diving segment.  This facility was sold in March 2010 for $634.

The following table summarizes the Company's assets measured at fair value on a non-recurring basis as of September 28, 2012 and the losses recognized as a result of this measurement in 2012:
		Level 1		Level 2		Level 3		Losses incurred
Other intangibles	$	-	$	-	$	-	$	609

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Valuation And Qualifying Accounts

12 Months Ended

Sep. 28, 2012

Valuation and Qualifying Accounts [Abstract]

Valuation And Qualifying Accounts

16VALUATION AND QUALIFYING ACCOUNTS

The following summarizes changes to valuation and qualifying accounts for 2012, 2011 and 2010:

	Balance at Beginning of Year		Additions Charged to Costs and Expenses		Less Deductions		Balance at End of Year
Year ended September 28, 2012
Allowance for doubtful accounts	$	3,076	$	1,558	$	462	$	4,172
Reserves for inventory valuation		6,405		2,307		3,033		5,679
Valuation of deferred tax assets		14,300		1,461		2,462		13,299
Reserves for sales returns		1,484		1,995		2,112		1,367
Year ended September 30, 2011
Allowance for doubtful accounts	$	2,987	$	448	$	359	$	3,076
Reserves for inventory valuation		4,851		3,317		1,763		6,405
Valuation of deferred tax assets		39,178		2,915		27,793		14,300
Reserves for sales returns		1,181		2,462		2,159		1,484
Year ended October 1, 2010
Allowance for doubtful accounts	$	2,695	$	995	$	703	$	2,987
Reserves for inventory valuation		6,252		1,404		2,805		4,851
Valuation of deferred tax assets		40,883		3,882		5,587		39,178
Reserves for sales returns		1,265		1,731		1,815		1,181

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Segments Of Business

12 Months Ended

Sep. 28, 2012

Segments Of Business [Abstract]

Segments Of Business

12SEGMENTS OF BUSINESS

The Company conducts its worldwide operations through separate business segments, each of which represent major product lines. Operations are conducted in the U.S. and various foreign countries, primarily in Europe, Canada and the Pacific Basin.

Net sales and operating profit include both sales to customers, as reported in the Company’s Consolidated Statements of Operations, and inter-unit transfers, which are priced to recover costs plus an appropriate profit margin. Total assets represent assets that are used in the Company’s operations in each business segment at the end of the years presented.

A summary of the Company’s operations by business segment is presented below:

	2012		2011		2010
Net sales:
Marine Electronics:
Unaffiliated customers	$	231,014	$	221,839	$	185,206
Interunit transfers		220		276		288
Outdoor Equipment:
Unaffiliated customers		35,267		38,832		48,623
Interunit transfers		61		50		67
Watercraft:
Unaffiliated customers		58,092		57,583		63,857
Interunit transfers		109		149		144
Diving
Unaffiliated customers		87,367		88,627		84,222
Interunit transfers		628		917		854
Other / Corporate		552		541		524
Eliminations		(1,018)		(1,392)		(1,353)
Total	$	412,292	$	407,422	$	382,432
Operating profit (loss):
Marine Electronics	$	25,230	$	21,074	$	13,938
Outdoor Equipment		2,831		2,996		5,881
Watercraft		(408)		(1,351)		1,826
Diving		6,408		3,610		3,030
Other / Corporate		(12,648)		(8,659)		(10,121)
Total	$	21,413	$	17,670	$	14,554
Depreciation and amortization expense:
Marine Electronics	$	7,058	$	5,694	$	4,923
Outdoor Equipment		447		479		521
Watercraft		1,658		1,454		1,455
Diving		1,255		1,942		1,574
Other / Corporate		1,464		1,308		1,504
Total	$	11,882	$	10,877	$	9,977
Additions to property, plant and equipment:
Marine Electronics	$	9,569	$	5,283	$	6,923
Outdoor Equipment		791		262		201
Watercraft		733		1,274		1,314
Diving		589		1,269		811
Other / Corporate		350		1,279		717
Total	$	12,032	$	9,367	$	9,966
Goodwill, net:
Marine Electronics	$	10,362	$	10,397
Outdoor Equipment		-		-
Watercraft		-		-
Diving		4,104		4,254
Total	$	14,466	$	14,651
Total assets (end of period):
Marine Electronics	$	97,261	$	101,739
Outdoor Equipment		26,978		24,046
Watercraft		32,766		34,614
Diving		70,957		67,969
Other / Corporate		35,670		30,988
Total	$	263,632	$	259,356

A summary of the Company’s operations by geographic area is presented below:

	2012		2011		2010
Net sales:
United States:
Unaffiliated customers	$	307,090	$	298,193	$	274,998
Interunit transfers		18,972		18,276		15,785
Europe:
Unaffiliated customers		55,651		66,681		65,622
Interunit transfers		10,776		9,854		9,670
Other:
Unaffiliated customers		49,551		42,548		41,812
Interunit transfers		2,149		2,324		2,386
Eliminations		(31,897)		(30,454)		(27,841)
Total	$	412,292	$	407,422	$	382,432
Total assets:
United States	$	167,545	$	161,355
Europe		57,273		64,218
Other		38,814		33,783
Total	$	263,632	$	259,356
Long-term assets: (1)
United States	$	57,894	$	53,316
Europe		7,350		9,348
Other		628		716
Total	$	65,872	$	63,380

(1) Long term assets consist of net property, plant and equipment, net intangible assets, goodwill and other assets excluding deferred income taxes.

The Company had no single customer that accounted for more than 10% of its net sales in fiscal 2012, 2011 or 2010.

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Employee Benefits (Pension Plan Assets Measured At Fair Value) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	$ 13,673	$ 11,304	$ 11,817
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	13,342	10,857
Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	331	447	471
Mutual Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	13,290	10,854
Mutual Fund [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	13,290	10,854
Money Market Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	52	3
Money Market Funds [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	52	3
Group Annuity Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	331	447
Group Annuity Contract [Member] | Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets measured at fair value	$ 331	$ 447

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Preferred Stock

12 Months Ended

Sep. 28, 2012

Equity [Abstract]

Preferred Stock

8PREFERRED 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 or outstanding.

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Derivative Instruments And Hedging Activities (Narrative) (Details) In Thousands, unless otherwise specified	12 Months Ended			12 Months Ended
	Sep. 28, 2012 item	Sep. 28, 2012 Interest Rate Swap [Member] USD ($)	Sep. 28, 2012 Foreign Exchange Forward Contracts [Member] CHF	Sep. 28, 2012 Euro [Member]	Sep. 28, 2012 Other Foreign Currencies [Member]
Derivative [Line Items]
Percent of Revenues in Foreign Currency	23.00%			12.00%	11.00%
Notional Value of Contract			4,400
Number of Instruments Held	1
Unrealized Loss in AOCI Expected to be Amortized		$ 138

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Income Taxes

12 Months Ended

Sep. 28, 2012

Income Taxes [Abstract]

Income Taxes

6INCOME TAXES

The U.S. and foreign income before income taxes for the respective years consisted of the following:

	2012		2011		2010
United States	$	20,332	$	11,133	$	7,873
Foreign		(406)		1,117		1,319
	$	19,926	$	12,250	$	9,192

Income tax expense (benefit) for the respective years consisted of the following:

	2012		2011		2010
Current:
Federal (net of tax benefit from operating loss carryforward of $3,098, $2,505 and $5,260, respectively)	$	828	$	-	$	-
State		378		642		483
Foreign		1,595		2,000		1,164
Deferred		6,991		(23,036)		1,006
	$	9,792	$	(20,394)	$	2,653

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at the end of the respective years are presented below:

	2012		2011
Deferred tax assets:
Inventories	$	3,700	$	3,902
Compensation		8,635		10,258
Tax credit carryforwards		8,331		8,519
Goodwill and other intangibles		3,181		3,639
Net operating loss carryforwards		7,507		11,109
Depreciation and amortization		220		751
Other		5,178		5,385
Total gross deferred tax assets		36,752		43,563
Less valuation allowance		13,299		14,300
Deferred tax assets		23,453		29,263
Deferred tax liabilities:
Foreign statutory reserves		694		348
Net deferred tax assets	$	22,759	$	28,915

The net deferred tax assets are recorded in the Consolidated Balance Sheet as follows:

	2012		2011
Current assets	$	8,645	$	9,732
Non-current assets		14,808		19,531
Non-current liabilities		694		348
Net deferred tax assets	$	22,759	$	28,915

The significant differences between the statutory federal tax rate and the effective income tax rates for the Company for the respective years shown below are as follows:

	2012	2011	2010
Statutory U.S. federal income tax rate	35.0	35.0	35.0
Foreign rate differential	(1.0)	(0.9)	(3.6)
State income tax, net of federal benefit	3.1	4.2	5.3
Increase (Decrease) in valuation reserve for deferred tax assets	7.1	(211.0)	(8.1)
Other	4.9	6.2	0.3
	49.1	(166.5)	28.9

The Company’s net operating loss carryforwards and their expirations are as follows:

	State		United States		Foreign		Total
Year of expiration
2013-2017	$	15,606	$	-	$	2,718	$	18,324
2018-2022		205		-		259		464
2023-2027		5,865		-		939		6,804
2028-2032		4,144		-		1,671		5,815
Indefinite		-		-		11,846		11,846
Total	$	25,820	$	-	$	17,433	$	43,253

The Company has tax credit carryforwards comprised of foreign tax credits, research and development and other state credits that begin to expire in 2020.

Under generally accepted accounting principles, the Company considers at each reporting period all available evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance is needed to reduce its deferred tax asset to an amount that is more likely than not to be realized.  The determination of the need for a valuation allowance for the deferred tax assets is dependent upon management’s evaluation of both positive and negative evidence.  Positive evidence includes the probability of achieving forecasted future taxable income, applicable tax strategies and assessments of the current and future economic and business conditions.  Negative evidence includes the Company’s cumulative losses and expiring tax carryforwards.  

The change in the valuation allowance in 2012 provided a negative impact of $1,410 to the effective tax expense.  The amount was primarily the result of increases in foreign valuation allowances of $1,787, which were partially offset by U.S. usage of tax attributes totaling $377.  In fiscal 2012, the Company established a valuation allowance of $173 against the net deferred tax assets in the New Zealand tax jurisdiction based on a cumulative earnings deficit.  Additional operating losses in France, Japan, Italy, Spain and United Kingdom also increased the valuation allowance by $1,614 in fiscal 2012.

At September 30, 2011, the Company’s federal and state deferred tax assets were comprised of future tax benefits associated with net operating loss carryforwards and future deductions and credits and, prior to a valuation allowance, totaled $34,814. Based upon future projections and the fact that the Company’s U.S. operations generated cumulative profits over the three year period ended September 30, 2011, the Company believed it would generate sufficient taxable income before most tax assets will expire.  It therefore concluded during fiscal 2011 that a valuation allowance was no longer required for the majority of the federal deferred tax assets.

The decrease in the valuation allowance in 2011, due to usage during the year and the year-end reversal, provided a benefit of $25,305 to the Company’s effective tax expense.  This was partially offset by the increase in foreign valuation allowances of $2,419.  In fiscal 2011 the Company established a valuation allowance of $903 against the net deferred tax assets in French tax jurisdictions based upon a  cumulative earnings deficit.  Additional operating losses in Japan, Italy, Spain and United Kingdom also increased the valuation allowance by $1,516 in fiscal 2011.

In 2010, the valuation allowance positive impact of $744 to the effective tax expense was primarily the result of the U.S. usage of tax benefits related to net operating losses and the corresponding reversal of valuation allowances of $2,539, which were partially offset by the increase in foreign valuation allowances of $1,795.  In fiscal 2010 the Company established a valuation allowance of $1,020 against the net deferred tax assets in an Italian tax jurisdiction based on a  cumulative earnings deficit and eliminated the valuation allowance of $75 against the net deferred tax assets in the New Zealand tax jurisdiction based on positive cumulative earnings.  Continual net operating losses in Japan, Spain and United Kingdom also increased the valuation allowance by $810. 

Taxes paid were $3,163,  $878 and $835 for 2012, 2011 and 2010, respectively.

The decrease in deferred tax assets due to utilization of U.S. federal net operating loss carryforwards was $5,260, $3,135 and $3,098 for 2012, 2011 and 2010, respectively.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance at October 1, 2010	$	1,290
Lapse of statute of limitations		(240)
Gross increases - tax positions in  period		205
Balance at September 30, 2011	$	1,255
Settlement		(168)
Lapse of statute of limitations		(122)
Gross increases - tax positions in  period		719
Balance at September 30, 2011	$	1,684
Settlement		(773)
Lapse of statute of limitations		(123)
Gross increases - tax positions in  period		1,112
Balance at September 28, 2012	$	1,900

Unrecognized tax benefits are included in accrued taxes in the accompanying Consolidated Balance Sheets.

In accordance with its accounting policy, the Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. The total accrued interest with respect to income taxes was approximately $361 and $248 for the years ended September 28, 2012 and September 30, 2011, respectively.  Interest of  $113,  $39 and $86 was recorded as a component of income tax expense in the accompanying Consolidated Statements of Operations during fiscal years2012, 2011 and 2010, respectively. 

The Company is currently undergoing examination in the Netherlands and Italy.  There was a change in unrecognized tax benefits as a result of the settlement of a tax audit in Italy in the year ended September 28, 2012 and in Germany in the year ended September 30, 2011.  The amount of unrecognized tax benefits recognized within the next twelve months may decrease due to expiration of the statute of limitations for certain years in various jurisdictions.  However, it is possible that a jurisdiction may open an audit prior to the statute expiring or one of the above audits may adjust the Company’s tax filings.  At this time, an estimate of the range of the reasonably possible change cannot be made. 

The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions. The following tax years remain subject to examination by the respective major tax jurisdictions:

Jurisdiction	Fiscal Years
United States	2009-2012
Canada	2008-2012
France	2009-2012
Germany	2009-2012
Italy	2009-2012
Japan	2012
Switzerland	2002-2012

Federal and state income taxes are provided on foreign subsidiary income distributed to, or taxable in, the U.S. during the year.  In 2010, the Company reversed $2,900 of U.S. tax on undistributed earnings of its Canadian subsidiary considered not permanently reinvested as a result of attributed dividend repatriation. As of September 28, 2012, net undistributed earnings of foreign subsidiaries totaled approximately $113,031. The Company considers these unremitted earnings to be permanently invested abroad and no provision for federal or state income taxes has been made on these amounts. In the future, if foreign earnings are returned to the U.S., additional tax may result, although the calculation of such additional taxes is not practical at this time.  As of September 28, 2012, the Company held approximately $46,400 of cash and cash equivalents in bank accounts in foreign taxing jurisdictions.

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Employee Benefits

12 Months Ended

Sep. 28, 2012

Employee Benefits [Abstract]

Employee Benefits

7EMPLOYEE BENEFITS

The Company has non-contributory defined benefit pension plans covering certain U.S. employees.Retirement benefits are generally provided based on employees’ years of service and average earnings.Normal retirement age is 65, with provisions for earlier retirement.  The Company elected to freeze its U.S. defined benefit pension plans as of September 30, 2009 and as a result, there are no benefit accruals related to service performed after that date.

The financial position of the Company’s non-contributory defined benefit plans as of fiscal year end 2012 and 2011was as follows:

	2012		2011
Projected benefit obligation:
Projected benefit obligation, beginning of year	$	21,032	$	19,369
Service cost		-		-
Interest cost		1,036		1,003
Actuarial loss		4,224		1,446
Benefits paid		(776)		(786)
Projected benefit obligation, end of year		25,516	$	21,032
Fair value of plan assets:
Fair value of plan assets, beginning of year		11,304		11,817
Actual gain (loss) on plan assets		2,259		(91)
Company contributions		886		364
Benefits paid		(776)		(786)
Fair value of plan assets, end of year		13,673		11,304
Funded status of the plans		(11,843)		(9,728)
Amounts recognized in the Consolidated Balance Sheets consist of:
Current pension liabilities		191		197
Non-current pension liabilities		11,650		9,531
Accumulated other comprehensive loss		(10,207)		(7,636)
Components of accumulated other comprehensive loss:
Net actuarial loss		(10,207)		(7,636)
Accumulated other comprehensive loss	$	(10,207)	$	(7,636)

Net periodic benefit cost for the non-contributory defined benefit pension plans for the respective years included the following pre-tax amounts:

	2012		2011		2010
Interest cost	$	1,036	$	1,003	$	993
Expected return on plan assets		(942)		(962)		(972)
Amortization of unrecognized net actuarial loss		335		177		94
Net periodic pension cost		429		218		115
Other changes in benefit obligations recognized in other comprehensive income (loss), (OCI):
Net actuarial loss		2,571		2,321		497
Total recognized in net periodic pension cost and OCI	$	3,000	$	2,539	$	612

The Company expects to recognize $628 of unrecognized loss amortization as a component of net periodic benefit cost in 2013.  This amount is included in accumulated other comprehensive income as of September 28, 2012.

At September 28, 2012, the aggregate accumulated benefit obligation and aggregate fair value of plan assets for plans with benefit obligations in excess of plan assets was $25,516 and $13,673, respectively, and there were no plans with plan assets in excess of benefit obligations. At September 30, 2011, the aggregate accumulated benefit obligation and aggregate fair value of plan assets for plans with benefit obligations in excess of plan assets was $21,032 and $11,304, respectively, and there were no plans with plan assets in excess of benefit obligations.

The Company anticipates making contributions to the defined benefit pension plans of $1,140 through September 27, 2013.

Estimated benefit payments from the defined benefit plans to participants for the five years ending September 29, 2017 and five years thereafter are as follows:

2013	$	880
2014		905
2015		915
2016		967
2017		978
Five years thereafter		5,553

Actuarial assumptions used to determine the projected benefit obligation and net periodic pension cost as of the following fiscal years are as follows:

	Projected Benefit Obligation			Net Periodic Pension Cost
	2012	2011	2010	2012	2011	2010
Discount rate	4.00%	5.00%	5.25%	5.00%	5.25%	5.50%
Long-term rate of return	N/A	N/A	N/A	7.50%	7.50%	8.00%
Average salary increase rate	N/A	N/A	N/A	N/A	N/A	N/A

The impact of the change in discount rates resulted in an actuarial loss of approximately $3,617, $747 and $705 in 2012, 2011 and 2010, respectively. The remainder of the actuarial losses for each year results from adjustments to mortality tables, other modifications to actuarial assumptions and investment returns in excess of, or less than, estimates.

To determine the discount rate assumption used in the Company’s pension valuation, the Company identified a benefit payout stream based on the demographics of the pension plans and constructed a hypothetical bond portfolio using high-quality corporate bonds with cash flows that matched that benefit payout stream.  A yield curve was calculated based on this hypothetical portfolio which was used for the discount rate determination.

The Company determines the long-term rate of return assumption for plan assets by using the historical asset returns for various investment asset classes and adjusting them to reflect future expectations.  The expected asset class returns are weighted by the targeted asset allocations, resulting in a weighted average return which is rounded to the nearest quarter percent.

The Company uses measurement dates of October 1 to determine pension expenses for each year and the last day of the fiscal year to determine the fair value of the pension assets.

The Company’s pension plans’ weighted average asset allocations at September 28, 2012 and September 30, 2011, by asset category were as follows:

	2012	2011
Equity securities	74%	75%
Fixed income securities	25%	24%
Other securities	1%	1%
	100%	100%

The Company’s primary investment objective for the plans’ assets is to maximize the probability of meeting the plans’ actuarial target rate of return of 7.5%, with a secondary goal of returning 4% above the rate of inflation. These return objectives are targeted while simultaneously striving to minimize risk of loss to the plans’ assets. The investment horizon over which the investment objectives are expected to be met is a full market cycle or five years, whichever is greater.

The Company’s investment strategy for the plans is to invest in a diversified portfolio that will generate average long-term returns commensurate with the aforementioned objectives while minimizing risk.

The following table summarizes the Company's pension plan assets measured at fair value as of September 28, 2012:
		Level 1		Level 2		Level 3		Total
Description:
Mutual fund	$	13,290	$	-	$	-	$	13,290
Money market funds		52		-		-		52
Group annuity contract		-		-		331		331
Total	$	13,342	$	-	$	331	$	13,673

The following table summarizes the Company's pension plan assets measured at fair value as of September 30, 2011:
		Level 1		Level 2		Level 3		Total
Description:
Mutual fund	$	10,854	$	-	$	-	$	10,854
Money market funds		3		-		-		3
Group annuity contract		-		-		447		447
Total	$	10,857	$	-	$	447	$	11,304

The tables below set forth a summary of changes in fair value of the Company’s Level 3 pension plan assets for the years ended September 28, 2012 and September 30, 2011:

	2012		2011
Level 3 assets, beginning of year	$	447	$	471
Unrealized gain (loss)		(7)		16
Purchases, sales, issuances and settlements, net		(109)		(40)
Level 3 assets, end of year	$	331	$	447

The fair values of the money market fund and mutual fund were derived from quoted market prices as substantially all of these instruments have active markets.  The fair value of the group annuity contract was derived using a discounted cash flow model with inputs based on current yields of similar instruments with comparable durations.  The asset allocation of the mutual fund is a U.S. large-cap blend based on a moderate allocation style, generally investing approximately 70% to 75% in equity securities and the remainder in fixed income securities.  The annuity contract consists of high quality bonds.

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 classified as other liabilities on our accompanying Consolidated Balance Sheets, was approximately $7,310 and $5,405 as of September 28, 2012 and September 30, 2011, respectively.

A majority of the Company’s full-time employees are covered by defined contribution programs. Expense attributable to the defined contribution programs was approximately $882, $853 and $826 for 2012, 2011 and 2010, respectively.

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Common Stock

12 Months Ended

Sep. 28, 2012

Equity [Abstract]

Common Stock

9COMMON 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:

	2012	2011
Class A, $0.05 par value:
Authorized	20,000,000	20,000,000
Outstanding	8,676,703	8,567,549
Class B, $0.05 par value:
Authorized	3,000,000	3,000,000
Outstanding	1,215,758	1,215,842

Holders of Class A common stock are entitled to elect 25% of the members of the Company’s Board of Directors and holders of Class B common stock are entitled to elect the remaining directors. With respect to matters other than the election of directors or any matters for which class voting is required by law, holders of Class A common stock are entitled to one vote per share while holders of Class B common stock are entitled to ten votes per share. If any dividends (other than dividends paid in shares of the Company’s stock) are paid by the Company on its common stock, a dividend would be paid on each share of Class A common stock equal to 110% of the amount paid on each share of Class B common stock. Each share of Class B common stock is convertible at any time into one share of Class A common stock. During 2012 and 2011 there were 84 and 622 shares of Class B common stock converted into Class A common stock, respectively. There were no shares of Class A common stock converted into Class B common stock.

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Fair Value Measurements (Schedule Of Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	$ 7,289	$ 5,385
Foreign currency forward contracts	173
Foreign currency forward contracts		128
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rabbi trust assets	7,289	5,385
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts	173
Foreign currency forward contracts		$ 128

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Employee Benefits (Summary Of Changes In Fair Vale of Level 3 Pension Plan Assets) (Details) (USD $) In Thousands, unless otherwise specified				12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010	Sep. 28, 2012 Level 3 [Member]	Sep. 30, 2011 Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	$ 13,673	$ 11,304	$ 11,817	$ 447	$ 471
Unrealized gain (loss)				(7)	16
Purchases, sales, issuances and settements, net				(109)	(40)
Fair value of plan assets, end of year	$ 13,673	$ 11,304	$ 11,817	$ 331	$ 447

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Fair Value Measurements (Schedule Of Assets Measured At Fair Value On A Non-Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012 Other Intangibles [Member]	Sep. 30, 2011 Property, Plant, And Equipment [Member]	Sep. 30, 2011 Level 3 [Member] Property, Plant, And Equipment [Member]
Assets measured at fair value on a non-recurring basis			$ 1,300
Losses incurred	$ 609	$ 334

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Subsequent Event (Narrative) (Details) (Subsequent Event [Member], Jetboil Inc. [Member], USD $) In Thousands, unless otherwise specified	10 Months Ended
	Oct. 31, 2012	Nov. 14, 2012
Subsequent Event [Member] | Jetboil Inc. [Member]
Subsequent Event [Line Items]
Business acquisition, amount of equity acquisition		$ 16,000
Business acquisition, pro forma revenue	$ 11,500

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Fair Value Measurements (Narrative) (Details) (USD $) In Thousands, unless otherwise specified			12 Months Ended
	Sep. 28, 2012 Trademarks [Member]	Sep. 30, 2011 Trademarks [Member]	Sep. 28, 2012 Marine Electronics [Member] Trademarks [Member]	Sep. 30, 2011 Ferndale, Washington Facility [Member]	Oct. 01, 2010 Casarza-Ligure, Italy Facility [Member]	Mar. 31, 2010 Casarza-Ligure, Italy Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Intangible Assets, Finite-lived	$ 3	$ 882	$ 0
Impairment of Intangible Assets, Finite-lived			609	334	114
Impairment Charge of Facility				334
Fair Value of Facility				1,300	656
Long-Lived Assets, Sold Price						$ 634

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Related Party Transactions (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Related Party Transactions [Abstract]
Costs Associated with Related Party Transactions	$ 1,479	$ 1,487	$ 1,674

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Employee Benefits (Tables)

12 Months Ended

Sep. 28, 2012

Employee Benefits [Abstract]

Financial Position Of Non-Contributory Defined Benefit Plans

	2012		2011
Projected benefit obligation:
Projected benefit obligation, beginning of year	$	21,032	$	19,369
Service cost		-		-
Interest cost		1,036		1,003
Actuarial loss		4,224		1,446
Benefits paid		(776)		(786)
Projected benefit obligation, end of year		25,516	$	21,032
Fair value of plan assets:
Fair value of plan assets, beginning of year		11,304		11,817
Actual gain (loss) on plan assets		2,259		(91)
Company contributions		886		364
Benefits paid		(776)		(786)
Fair value of plan assets, end of year		13,673		11,304
Funded status of the plans		(11,843)		(9,728)
Amounts recognized in the Consolidated Balance Sheets consist of:
Current pension liabilities		191		197
Non-current pension liabilities		11,650		9,531
Accumulated other comprehensive loss		(10,207)		(7,636)
Components of accumulated other comprehensive loss:
Net actuarial loss		(10,207)		(7,636)
Accumulated other comprehensive loss	$	(10,207)	$	(7,636)

Net Periodic Benefit Cost For The Non-Contributory Defined Benefit Pension Plans

	2012		2011		2010
Interest cost	$	1,036	$	1,003	$	993
Expected return on plan assets		(942)		(962)		(972)
Amortization of unrecognized net actuarial loss		335		177		94
Net periodic pension cost		429		218		115
Other changes in benefit obligations recognized in other comprehensive income (loss), (OCI):
Net actuarial loss		2,571		2,321		497
Total recognized in net periodic pension cost and OCI	$	3,000	$	2,539	$	612

Estimated Benefit Payments

2013	$	880
2014		905
2015		915
2016		967
2017		978
Five years thereafter		5,553

Actuarial Assumptions Used To Determine The Projected Benefit Obligation

	Projected Benefit Obligation			Net Periodic Pension Cost
	2012	2011	2010	2012	2011	2010
Discount rate	4.00%	5.00%	5.25%	5.00%	5.25%	5.50%
Long-term rate of return	N/A	N/A	N/A	7.50%	7.50%	8.00%
Average salary increase rate	N/A	N/A	N/A	N/A	N/A	N/A

Pension Plans' Weighted Average Asset Allocations By Percent

	2012	2011
Equity securities	74%	75%
Fixed income securities	25%	24%
Other securities	1%	1%
	100%	100%

Pension Plan Assets Measured At Fair Value

The following table summarizes the Company's pension plan assets measured at fair value as of September 28, 2012:
		Level 1		Level 2		Level 3		Total
Description:
Mutual fund	$	13,290	$	-	$	-	$	13,290
Money market funds		52		-		-		52
Group annuity contract		-		-		331		331
Total	$	13,342	$	-	$	331	$	13,673

The following table summarizes the Company's pension plan assets measured at fair value as of September 30, 2011:
		Level 1		Level 2		Level 3		Total
Description:
Mutual fund	$	10,854	$	-	$	-	$	10,854
Money market funds		3		-		-		3
Group annuity contract		-		-		447		447
Total	$	10,857	$	-	$	447	$	11,304

Summary Of Changes In Fair Vale of Level 3 Pension Plan Assets

	2012		2011
Level 3 assets, beginning of year	$	447	$	471
Unrealized gain (loss)		(7)		16
Purchases, sales, issuances and settlements, net		(109)		(40)
Level 3 assets, end of year	$	331	$	447

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Summary Of Significant Accounting Policies (Schedule Of Property, Plant And Equipment) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 134,902	$ 132,387
Less accumulated depreciation	98,235	97,229
Property, plant, and equipment, net	36,667	35,158
Property Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	599	620
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	19,336	22,040
Furnitures, Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 114,967	$ 109,727

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Significant Event

12 Months Ended

Sep. 28, 2012

Significant Event [Abstract]

Significant Event

14SIGNIFICANT EVENT

On September 12, 2011, the Company announced a temporary closure of its Binghamton, New York manufacturing facility and administrative offices due to flooding from torrential rains.  The Binghamton manufacturing facility houses the Company’s consumer, commercial and military tent businesses.  The Company’s finished goods warehouse located nearby was unaffected by the flooding and the Company was able to resume shipments of products within a few days.  Production resumed on September 28, 2011.

The Company maintains insurance for both property damage and business interruption relating to catastrophic events.  Business interruption coverage covers lost profits and other costs incurred.  Non-refundable insurance recoveries received in excess of the net book value of damaged assets, clean up and post-event costs are recognized as income in the period received.

The Company has incurred costs related to the clean-up and repair of the facility and equipment, losses of inventory and fixed assets, rental of temporary office space for administrative and R&D personnel and payroll expenses for labor idled due to the flood totaling approximately $1,578 in 2012 and $1,868 in 2011.  In 2012 and 2011, the Company received  $2,000 and  $1,000, respectively, of insurance reimbursements associated with these costs and has recorded a receivable with its insurers of $636 as of September 28, 2012.  The Company recognized expense of $19 and $257 in 2012 and 2011, respectively, and in 2012 recorded a gain of $220 related to insurance recoveries under its business interruption coverage and a gain of $246 related to insurance proceeds received to replace fixed assetsunder the Company’s property loss coverage.  These amounts are included in “Administrative management, finance and information systems” expense in the Outdoor Equipment segment.

The Company is negotiating additional insurance recoveries under its business continuation and fixed asset replacement coverages.  The amount of these recoveries, if any, cannot be estimated at September 28, 2012.  Any additional recoveries will be recorded as income upon the resolution of gain contingencies.

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Subsequent Event

12 Months Ended

Sep. 28, 2012

Subsequent Event [Abstract]

Subsequent Event

19SUBSEQUENT EVENT

On November 14, 2012, the Company acquired all of the outstanding common and preferred stock of Jetboil, Inc. (“Jetboil”).  Jetboil, founded and based in Manchester, New Hampshire, designs and manufactures the world’s top brand of portable outdoor cooking systems.  The approximately $16,000 acquisition was funded with existing cash and credit facilities.  The Company believes that sales of Jetboil’s innovative cooking products can be expanded through the Company’s U.S. and Canadian marketing and distribution networks and that the Company’s other camping and paddling brands will benefit from Jetboil’s strong presence in the Specialty trade channel and their international sales network.  The Jetboil acquisition will be included in the Company’s Outdoor Equipment segment.

Due to the difference in fiscal year end periods between the Company and Jetboil and the timing of certain significant year end accounting procedures to be performed at Jetboil, it is impractical to present full year pro-forma results of the combined entities.  Unaudited revenues for Jetboil for the ten months ended October 31, 2012 were approximately $11,500.

The Company is currently in the process of determining the fair value of the assets acquired and the liabilities assumed in this business combination.  Any potential goodwill resulting from this acquisition is not expected to be deductible for tax purposes.  Transaction costs are not estimated to be material.

The amounts of net sales and operating profit for Jetboil for the twelve month periods ending December 31, 2011 and December 31, 2010, the latest periods for which full year results are available, were as follows:

	Twelve months ended
	December 31, 2011 (unaudited)		December 31, 2010 (unaudited)
Net sales	$	10,775	$	7,282
Operating profit		1,203		541

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Litigation (Details) (USD $) In Thousands, unless otherwise specified	0 Months Ended	12 Months Ended
	Mar. 01, 2012	Sep. 28, 2012
Litigation [Abstract]
Settlement Payment Received	$ 3,500
Litigation Settlement Recovery		$ 3,500

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Summary Of Significant Accounting Policies (Schedule Of Inventories) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Summary Of Significant Accounting Policies [Abstract]
Raw materials	$ 26,610	$ 24,260
Work in process	1,324	1,780
Finished goods	39,124	42,422
Total Inventories	$ 67,058	$ 68,462

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Subsequent Event (Tables)

12 Months Ended

Sep. 28, 2012

Subsequent Event [Abstract]

Acquiree Net Sales And Operating Profit

	Twelve months ended
	December 31, 2011 (unaudited)		December 31, 2010 (unaudited)
Net sales	$	10,775	$	7,282
Operating profit		1,203		541

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Consolidated Statements Of Shareholders' Equity (USD $) In Thousands, except Share data	Common Stock [Member]	Capital In Excess Of Par Value [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Oct. 02, 2009	$ 465	$ 58,343	$ 43,500	$ (43)	$ 13,560
Balance, Shares at Oct. 02, 2009	9,283,429
Net income			6,539			6,539
Dividends declared
Exercise of stock options	2	373
Exercise of stock options, Shares	55,250
Issuance of stock under employee stock purchase plan		109
Issuance of stock under employee stock purchase plan, Shares	10,448					10,448
Award of non-vested shares	12
Award of non-vested shares, Shares	230,650
Stock-based compensation		944
Currency translation adjustment					965	965
Change in pension plans					(497)	(497)
Reissue of treasury stock		10		42
Amortization of unrealized loss on interest rate swaps					2,045	2,045
Comprehensive income						9,052
Balance at Oct. 01, 2010	479	59,779	50,039	(1)	16,073
Balance, Shares at Oct. 01, 2010	9,579,777
Net income			32,644			32,644
Exercise of stock options	2	218
Exercise of stock options, Shares	40,780
Issuance of stock under employee stock purchase plan		88
Issuance of stock under employee stock purchase plan, Shares	5,475					5,475
Award of non-vested shares	8
Award of non-vested shares, Shares	157,359
Stock-based compensation		1,436
Currency translation adjustment					2,506	2,506
Change in pension plans					(737)	(737)
Reissue of treasury stock				1
Amortization of unrealized loss on interest rate swaps					990	990
Comprehensive income						35,403
Balance at Sep. 30, 2011	489	61,521	82,683		18,832
Balance, Shares at Sep. 30, 2011	9,783,391
Net income			10,134			10,134
Exercise of stock options	2	269
Exercise of stock options, Shares	37,285
Issuance of stock under employee stock purchase plan	1	167
Issuance of stock under employee stock purchase plan, Shares	10,349					10,349
Award of non-vested shares	3
Award of non-vested shares, Shares	61,952
Stock-based compensation		1,666
Tax effect on stock based awards		594
Currency translation adjustment					(2,462)	(2,462)
Write off of currency translation adjustment loss					552	552
Change in pension plans					(1,594)	(1,594)
Purchase of treasury stock at cost				(9)
Purchase of treasury stock at cost, Shares	(6,621)
Reissue of treasury stock, Shares	6,105
Reissue of treasury stock		(33)
Amortization of unrealized loss on interest rate swaps					789	789
Comprehensive income						7,419
Balance at Sep. 28, 2012	$ 495	$ 64,184	$ 92,817	$ (9)	$ 16,117
Balance, Shares at Sep. 28, 2012	9,892,461

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Common Stock (Schedule Of Authorized And Outstanding Shares By Class) (Details) (USD $)	Sep. 28, 2012	Sep. 30, 2011
Class A [Member]
Class of Stock [Line Items]
Par Value	$ 0.05	$ 0.05
Authorized	20,000,000	20,000,000
Outstanding	8,676,703	8,567,549
Class B [Member]
Class of Stock [Line Items]
Par Value	$ 0.05	$ 0.05
Authorized	3,000,000	3,000,000
Outstanding	1,215,758	1,215,842

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Derivative Instruments And Hedging Activities

12 Months Ended

Sep. 28, 2012

Derivative Instruments And Hedging Activities [Abstract]

Derivative Instruments And Hedging Activities

3DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The following disclosures describe the Company’s objectives in using derivative instruments, the business purpose or context for using derivative instruments, and how the Company believes the use of derivative instruments helps achieve the stated objectives.  In addition, the following disclosures describe the effects of the Company’s use of derivative instruments and hedging activities on its financial statements.

Foreign Exchange Risk

The Company has significant foreign operations, for which the functional currencies are denominated primarily in euros, Swiss francs, Japanese yen and Canadian dollars. As the values of the currencies of the foreign countries in which the Company has operations increase or decrease relative to the U.S. dollar, the sales, expenses, profits, losses, assets and liabilities of the Company’s foreign operations, as reported in the Company’s consolidated financial statements, increase or decrease, accordingly. Approximately 23% of the Company’s revenues for the fiscal year ended September 28, 2012 were denominated in currencies other than the U.S. dollar.  Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies.  Changes in foreign currency exchange rates can cause unexpected financial losses or cash flow needs.

The Company mitigates a portion of the fluctuations in certain foreign currencies through the use of foreign currency forward contracts.  Foreign currency forward contracts enable the Company to lock in the foreign currency exchange rate for a fixed amount of currency to be paid or received on a specified date in the future. The Company uses such foreign currency forward contracts to mitigate the risk associated with changes in foreign currency exchange rates on financial instruments and known commitments denominated in foreign currencies. None of the Company’s derivative financial instruments have been designated as hedging instruments. 

As of September 28, 2012, the Company held one foreign currency forward contract with a notional value of 4,400 Swiss francs.  See “Note 4 – Fair Value Measurements” for information regarding the fair value and financial statement presentation of this derivative.

Interest Rate Risk

The Company operates in a seasonal business and experiences significant fluctuations in operating cash flow as working capital needs increase in advance of the Company’s primary selling and cash generation season, and decline as accounts receivable are collected and cash is accumulated or debt is repaid.  The Company’s goal in managing its interest rate risk is to maintain a mix of floating rate and fixed rate debt such that permanent non-equity capital needs are largely funded with long term fixed rate debt and seasonal working capital needs are funded with short term floating rate debt.

When the appropriate mix of fixed rate or floating rate debt cannot be directly obtained in a cost effective manner, the Company may enter into interest rate swap contracts in order to change floating rate interest into fixed rate interest or vice versa for a specific amount of debt in order to achieve the desired proportions of floating rate and fixed rate debt.  An interest rate swap is a contract in which the Company agrees to exchange, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to an agreed upon notional principal amount.  The notional amount is the equivalent amount of debt that the Company wishes to change from a fixed interest rate to a floating interest rate or vice versa and is the basis for calculating the related interest payments required under the interest rate swap contract.

As of September 28, 2012, the Company had approximately $138 of unrealized loss in accumulated other comprehensive income (“AOCI”) related to a formerly effective interest rate swap that had subsequently become ineffective on January 2, 2009.The Company expects that the amount remaining in AOCI will be amortized into interest expense by the end of the first fiscal quarter of 2013. 

The Company held no interest rate swap contracts in 2012 or 2011.  As of September 28, 2012, the Company was unhedged with respect to interest rate risk on its floating rate debt.

The following discloses the location of loss reclassified from AOCI into net income related to derivative instruments during the years ended September 28, 2012, September 30, 2011, and October 1, 2010:

Loss reclassified from AOCI into:	2012		2011		2010
Interest expense	$	789	$	990	$	2,045

The following discloses the location and amount of income or loss recognized for changes in the fair value of derivative instruments not designated as hedging instruments for the years ended September 28, 2012, September 30, 2011, and October 1, 2010:

	Location of  loss (gain)
Derivatives not designated as	recognized in Statement
hedging instruments	of Operations	2012		2011		2010
Foreign exchange forward contract	Other (income) expense, net	$	306	$	(361)	$	565

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Indebtedness (Schedule Of Debt) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Sep. 30, 2011
Indebtedness [Abstract]
Term loans	$ 8,456	$ 14,367
Other	404	605
Total debt	8,860	14,972
Less current portion of long term debt	526	3,494
Total long-term debt	$ 8,334	$ 11,478

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Employee Benefits (Actuarial Assumptions Used To Determine The Projected Benefit Obligation) (Details)	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Employee Benefits [Abstract]
Discount rate, Projected Benefit Obligation	4.00%	5.00%	5.25%
Long-term rate of return, Projected Benefit Obligation
Average salary increase rate, Projected Benefit Obligation
Discount rate, Net Periodic Pension Cost	5.00%	5.25%	5.50%
Long-term rate of return, Net Periodic Pension Cost	7.50%	7.50%	8.00%
Average salary increase rate, Net Periodic Pension Cost

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Income Taxes (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010	Oct. 02, 2009
Income Tax [Line Items]
Deferred Tax Assets Before Valuation Allowance	$ 36,752	$ 43,563
Increase (Decrease) in Valuation Allowance	(1,410)	(25,305)	744
Net Operating Loss Carry Forwards	43,253
Valuation Allowance	13,299	14,300
Taxes Paid	3,163	878	835
Unrecognized Tax Benefits	1,900	1,684	1,255	1,290
Accrued Interest on Income Taxes	361	248
Interest Included in Income Tax Expense	113	39	86
Reversal of U.S. Tax on Undistributed Earnings of Subsidiary			2,900
Net Undistributed Earnings of Foreign Subsidiaries	113,031
Cash and Cash Equivalents	58,904	44,514	33,316	27,895
Foreign [Member]
Income Tax [Line Items]
Increase (Decrease) in Valuation Allowance	1,787	2,419	1,795
Net Operating Loss Carry Forwards	17,433
Cash and Cash Equivalents	46,400
France, Japan, Italy, Spain And United Kingdom [Member]
Income Tax [Line Items]
Increase (Decrease) in Valuation Allowance	1,614
United States [Member]
Income Tax [Line Items]
Deferred Tax Assets Before Valuation Allowance		34,814
Increase (Decrease) in Valuation Allowance	(377)		(2,539)
Net Operating Loss Carry Forwards
France [Member]
Income Tax [Line Items]
Valuation Allowance		903
Japan, Italy, Spain And United Kingdom [Member]
Income Tax [Line Items]
Increase (Decrease) in Valuation Allowance		1,516
State [Member]
Income Tax [Line Items]
Net Operating Loss Carry Forwards	25,820
Italy [Member]
Income Tax [Line Items]
Valuation Allowance			1,020
New Zealand [Member]
Income Tax [Line Items]
Increase (Decrease) in Valuation Allowance			(75)
Valuation Allowance	173
Japan, Spain And United Kingdom [Member]
Income Tax [Line Items]
Increase (Decrease) in Valuation Allowance			$ 810

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Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Sep. 28, 2012

Summary Of Significant Accounting Policies [Abstract]

Business

Business

Johnson Outdoors Inc. (the “Company”) is an integrated, global outdoor recreation products company engaged in the design, manufacture and marketing of brand name outdoor equipment, diving, watercraft and marine electronics products.

Principles Of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of Johnson Outdoors Inc. and all majority owned subsidiaries and are stated in conformity with U.S. generally accepted accounting principles. Intercompany accounts and transactions have been eliminated upon consolidation.

Use Of Estimates

Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities and operating results and the disclosure of commitments and contingent liabilities. Actual results could differ significantly from those estimates.

Fiscal Year

Fiscal Year

The Company’s fiscal year ends on the Friday nearest September 30. The fiscal years ended September 28, 2012 (hereinafter 2012), September 30, 2011 (hereinafter 2011) and October 1, 2010 (hereinafter 2010) each comprised 52 weeks. 

Cash And Cash Equivalents

Cash and Cash Equivalents

The Company considers all short-term investments in interest-bearing bank accounts, securities and other instruments with an original maturity of three months or less, to be equivalent to cash.  Cash equivalents are stated at cost which approximates market value.

The Company maintains cash in bank accounts in excess of insured limits. The Company has not experienced any losses and does not believe that significant credit risk exists as a result of this practice.

Accounts Receivable

Accounts Receivable

Accounts receivable are recorded at face value less an allowance for doubtful accounts. The allowance for doubtful accounts is based on a combination of factors. In circumstances where specific collection concerns exist, a reserve is established to reduce the amount recorded to an amount the Company believes will be collected. For all other customers, the Company recognizes allowances for doubtful accounts based on historical experience of bad debts as a percent of outstanding accounts receivable for each business unit. Uncollectible accounts are written off against the allowance for doubtful accounts after collection efforts have been exhausted. The Company typically does not require collateral on its accounts receivable.

Inventories

Inventories

The Company values inventory at the lower of cost (determined using the first-in first-out method) or market. Management’s judgment is required to determine the reserve for obsolete or excess inventory. Inventory on hand may exceed future demand either because the product is outdated or because the amount on hand is more than will be used to meet future needs. Inventory reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. The Company also considers current forecast plans, as well as market and industry conditions in establishing reserve levels. Though the Company considers these reserve balances to be adequate, changes in economic conditions, customer inventory levels or competitive conditions could have a favorable or unfavorable effect on required reserve balances.

Inventories at the end of the respective fiscal years consisted of the following:

	2012		2011
Raw materials	$	26,610	$	24,260
Work in process		1,324		1,780
Finished goods		39,124		42,422
	$	67,058	$	68,462

Property, Plant And Equipment

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of property, plant and equipment is determined by straight-line methods over the following estimated useful lives:

Property improvements	5-20 years
Buildings and improvements	20-40 years
Furniture, fixtures and equipment	3-10 years

Upon retirement or disposition, cost and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.

Property, plant and equipment at the end of the respective years consist of the following:

	2012		2011
Property improvements	$	599	$	620
Buildings and improvements		19,336		22,040
Furniture, fixtures and equipment		114,967		109,727
		134,902		132,387
Less accumulated depreciation		98,235		97,229
	$	36,667	$	35,158

Goodwill

Goodwill

The Company applies a fair value-based impairment test to the carrying value of goodwill on an annual basis as of the last day of the eleventh month of the Company’s fiscal year and, if certain events or circumstances indicate that an impairment loss may have been incurred, on an interim basis.  The operating segments of the Company also represent the reporting units for goodwill purposes. 

The analysis of potential impairment of goodwill requires a two-step process.  The first step is the estimation of fair value of the applicable reporting units.  Estimated fair value is based on management judgments and assumptions and the Company cannot predict what future events may occur that could adversely affect the reported value of its goodwill.  The fair values as determined by management are compared with the aggregate carrying values of the reporting units.  If the fair value of the reporting unit is greater than its carrying amount, there is no impairment.  If the reporting unit carrying amount is greater than the fair value, then the second step must be completed to measure the amount of impairment, if any.

The second step calculates the implied fair value of the goodwill which is compared to its carrying value.  If the implied fair value is less than the carrying value, an impairment loss is recognized equal to the difference.

The results of the impairment tests performed in 2012 and 2011 indicated no impairment to the Company’s goodwill. Due to the uncertainty of future events, the Company cannot assure that growth rates will not be lower than expected, discount rates will not increase or the projected cash flows of the individual reporting units will not decline, all of which could impact the carrying value of remaining goodwill in future periods. 

As of September 28, 2012 and September 30, 2011, the Company’s Outdoor Equipment and Watercraft segments had no carrying amount of goodwill.  The changes in the carrying amount of those segments with goodwill and the composition of consolidated net goodwill for fiscal 2012 and 2011 are as follows:

	Segment						Consolidated
	Marine Electronics		Diving		Consolidated		Gross Goodwill		Accumulated Impairment		Total
Balance at October 1, 2010	$	9,674	$	4,055	$	13,729	$	53,644	$	39,915	$	13,729
LakeMaster® acquisition		732		-		732		732		-		732
Amount attributable to movements in foreign currency rates		(9)		199		190		190		-		190
Balance at September 30, 2011		10,397		4,254		14,651		54,566		39,915		14,651
Amount attributable to movements in foreign currency rates		(35)		(150)		(185)		(185)		-		(185)
Balance at September 28, 2012	$	10,362	$	4,104	$	14,466	$	54,381	$	39,915	$	14,466

Other Intangible Assets

Other Intangible Assets

Indefinite-lived intangible assets are also tested for impairment annually.  During the fourth quarter of fiscal 2012, the Company completed its annual fair value-based impairment test on indefinite-lived intangibles.  There was no impairment of intangibles recorded for the year ended September 28, 2012 or for the year ended September 30, 2011. 

Intangible assets with definite lives are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over periods ranging from 3 to 16 years.  Amortization of patents and other intangible assets with definite lives was $1,057, $729 and $681 for 2012, 2011 and 2010, respectively. Amortization of these definite-lived intangible assets is expected to be approximately $180 in 2013 and approximately $130 for each of the following four years. 

During 2011, the allocation of the purchase price related to the LakeMaster® acquisition was completed resulting in indefinite-lived intangible assets of $290.  

Intangible assets at the end of the last two years consisted of the following:

	2012						2011
	Gross Intangible		Accumulated Amortization		Net		Gross Intangible		Accumulated Amortization		Total
Amortized other intangible assets:
Patents	$	3,614	$	(3,411)	$	203	$	3,687	$	(3,430)	$	257
Trademarks		1,881		(1,878)		3		1,976		(1,094)		882
Other amortizable intangibles		1,272		(759)		513		1,335		(611)		724
Non-amortized trademarks		3,590		-		3,590		3,540		-		3,540
	$	10,357	$	(6,048)	$	4,309	$	10,538	$	(5,135)	$	5,403

Impairment Of Long-Lived Assets

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable, and it performs an undiscounted cash flow analysis to determine if impairment exists.  If impairment is determined to exist, any related impairment loss is calculated based on the difference between the fair value and the carrying value.  During 2010, the Company recognized impairment on its Casarza-Ligure, Italy warehouse facility of $114 to write the asset down to its fair value of $656.  During 2011, the Company recognized impairment of $334 on part of its facility in Ferndale, Washington in order to write the asset down to its estimated fair value of $1,300.  In 2012, the Company recorded impairment on the Geonav trademark held by the Marine Electronics business, reducing its fair value to $0. 

Warranties

Warranties

The Company provides for warranties of certain products as they are sold. Warranty reserves are estimated by the individual operating companies using standard quantitative measures based on criteria established by the Company. Estimates of costs to service its warranty obligations are based on historical experience, expectation of future conditions and known product issues.  The following table summarizes the warranty activity for the three years in the period ended September 28, 2012.

Balance at October 2, 2009	$	4,196
Expense accruals for warranties issued during the period		3,671
Less current period warranty claims paid		3,278
Balance at October 1, 2010		4,589
Expense accruals for warranties issued during the period		4,551
Less current period warranty claims paid		3,985
Balance at September 30, 2011	$	5,155
Expense accruals for warranties issued during the period		3,740
Less current period warranty claims paid		4,144
Balance at September 28, 2012	$	4,751

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The components of “Accumulated other comprehensive income (loss)” on the accompanying balance sheets as of fiscal year end 2012, 2011 and 2010 are as follows:

	2012						2011						2010
	Pre-Tax Amount		Tax Effect		Net of Tax Effect		Pre-Tax Amount		Tax Effect		Net of Tax Effect		Pre-Tax Amount		Tax Effect		Net of Tax Effect
Foreign currency translation adjustment	$	23,901	$	-	$	23,901	$	25,811	$	-	$	25,811	$	23,305	$	-	$	23,305
Unamortized loss on pension plans		(10,207)		2,561		(7,646)		(7,636)		1,584		(6,052)		(5,315)		-		(5,315)
Unrealized loss on interest rate swaps		(138)		-		(138)		(927)		-		(927)		(1,917)		-		(1,917)
Accumulated other comprehensive income	$	13,556	$	2,561	$	16,117	$	17,248	$	1,584	$	18,832	$	16,073	$	-	$	16,073

Earnings Per Share ("EPS")

Earnings per Share (“EPS”)

Net income or loss per share of Class A common stock and Class B common stock is computed using the two-class method.  Grants of restricted stock which receive non-forfeitable dividends are required to be included as part of the basic weighted average share calculation under the two-class method.

Holders of Class A common stock are entitled to cash dividends equal to 110% of all dividends declared and paid on each share of Class B common stock. The Company grants shares of unvested restricted stock in the form of Class A shares, which carry the same distribution rights as the Class A common stock described above.  As such, the undistributed earnings for each period are allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive.

Basic EPS

Basic net income or loss per share is computed by dividing net income or loss allocated to Class A common stock and Class B common stock by the weighted-average number of shares of Class A common stock and Class B common stock outstanding, respectively.  In periods with cumulative year to date net income and undistributed income, the undistributed income for each period is allocated to each class of common stock based on the proportionate share of the amount of cash dividends that each such class is entitled to receive.  In periods where there is a cumulative year to date net loss or no undistributed income because distributions through dividends exceed net income, Class B shares are treated as anti-dilutive and, therefore, net losses are allocated equally on a per share basis among all participating securities.

For the years ended September 28, 2012, September 30, 2011 and October 1, 2010 basic income per share for Class A and Class B shares has been presented using the two class method as described above.

Diluted EPS

Diluted net income per share is computed by dividing allocated net income by the weighted-average number of common shares outstanding, adjusted for the effect of dilutive stock options and non-vested restricted stock. Anti-dilutive stock options and non-vested stock are excluded from the calculation of diluted EPS.  The computation of diluted net income per share of Class A common stock assumes that Class B common stock is converted into Class A common stock.  Therefore, diluted net income per share is the same for both Class A and Class B common shares.  In periods where the Company reports a net loss, the effect of anti-dilutive stock options and non-vested stock is excluded and diluted loss per share is equal to basic loss per share.

For the years ended September 28, 2012, September 30, 2011 and October 1, 2010, diluted net income per share reflects the effect of dilutive stock options and assumes the conversion of Class B common stock into Class A common stock. 

Stock options that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 5,850,  15,066 and 16,063 for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively.  Non-vested stock that could potentially dilute earnings per share in the future which were not included in the fully diluted computation because they would have been anti-dilutive totaled 495,235,  472,761 and 325,172 for the years ended September 28, 2012, September 30, 2011 and October 1, 2010, respectively.

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:

	2012		2011		2010
Net income	$	10,134	$	32,644	$	6,539
Less: Undistributed earnings reallocated to non-vested shareholders		(506)		(1,429)		(201)
Dilutive earnings	$	9,628	$	31,215	$	6,338
Weighted average common shares – Basic:
Class A		8,155		8,045		8,008
Class B		1,216		1,216		1,217
Dilutive stock options		8		26		42
Weighted average common shares - Dilutive		9,379		9,287		9,267
Net income per common share – Basic:
Class A	$	1.04	$	3.40	$	0.69
Class B	$	0.94	$	3.07	$	0.63
Net income per common share – Diluted:
Class A	$	1.03	$	3.36	$	0.68
Class B	$	1.03	$	3.36	$	0.68

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation cost is recorded for all option grants and awards of non-vested stock 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. No stock options were granted in 2012, 2011 or 2010.  See Note 10 of the Notes to Consolidated Financial Statements for information regarding the Company’s stock-based incentive plans, including stock options, non-vested stock, and employee stock purchase plans.

Cash flows from income tax benefits resulting from tax deductions in excess of the compensation expense recognized for stock-based awards have been classified as financing cash flows.

Income Taxes

Income Taxes

The Company provides for income taxes currently payable and deferred income taxes resulting from temporary differences between financial statement and taxable income.  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 bases of assets and liabilities, using enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred income tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.  A valuation allowance is established if it is more likely than not that some portion or all of a deferred income tax asset will not be realized. See Note 6 of the Notes to Consolidated Financial Statements for further discussion.

Employee Benefits

Employee Benefits

The Company and certain of its subsidiaries have various retirement and profit sharing plans.  The Company does not have any significant foreign retirement plans. Pension obligations, which are generally based on compensation and years of service, are funded by payments to pension fund trustees. The Company’s policy is to annually fund the minimum amount required under the Employee Retirement Income Security Act of 1974 for plans subject thereto.  Other retirement costs are funded at least annually.  See Note 7 of the Notes to Consolidated Financial Statements for additional discussion.

Foreign Operations And Related Derivative Financial Instruments

Foreign Operations and Related Derivative Financial Instruments

The functional currencies of the Company’s foreign operations are the local currencies. Accordingly, assets and liabilities of foreign operations are translated into U.S. dollars at the rate of exchange existing at the end of the year. Results of operations are translated at monthly average exchange rates. Adjustments resulting from the translation of foreign currency financial statements are classified as Accumulated other comprehensive income (loss), a separate component of Shareholders’ equity.

Currency gains and losses are recognized when assets and liabilities of foreign operations, denominated in other than their local currency, are converted into the local currency of the entity. Additionally, currency gains and losses are recognized through the settlement of transactions denominated in other than the local currency.  The Company recognized currency gains from transactions of $92 in 2012 and currency losses of  $2,061 and $610 in 2011 and 2010, respectively, all of which were included in the “Other (income) expense, net” line of the Company’s Consolidated Statements of Operations.

Because the Company operates internationally, it has exposure to market risk from movements in foreign currency exchange rates.  Approximately 23% of the Company’s revenues for the year ended September 28, 2012 were denominated in currencies other than the U.S. dollar. Approximately 12% were denominated in euros, with the remaining 11% denominated in various other foreign currencies.  The Company may mitigate a portion of the fluctuations in certain foreign currencies through the purchase of foreign currency swaps, forward contracts and options to hedge known commitments denominated in foreign currencies or borrowings in foreign currencies.  In 2012, 2011 and 2010 the Company used foreign currency forward contracts to reduce the economic risk of changes in foreign currency exchange rates on foreign currency borrowings.  The Company does not enter into foreign exchange contracts for trading or speculative purposes.

Revenue Recognition

Revenue Recognition

The Company recognizes revenue when all of the following criteria have been met:

· Persuasive evidence of an arrangement exists.  Contracts, internet commerce agreements, and customer purchase orders are generally used to determine the existence of an arrangement.

· All substantial risk of ownership transfers to the customer.  Shipping documents and customer acceptance, when applicable, are used to verify delivery.

· The fee is fixed or determinable.  This is assessed based on the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment.

· Collectability is reasonably assured.  We assess collectability based on the creditworthiness of the customer as determined by credit checks and analysis, as well as by the customer’s payment history.

Estimated costs of returns and allowances and discounts are accrued as a reduction to sales when revenue is recognized.

Advertising & Promotions

Advertising & Promotions

The Company expenses substantially all costs related to the production of advertising the first time the advertising takes place. Cooperative promotional arrangements are accrued as related revenue is earned.

Advertising and promotions expense in 2012, 2011 and 2010 totaled $21,745, $22,338 and $20,107, respectively. These charges are included in Marketing and selling expenses.  Capitalized advertising costs, included in Other current assets, totaled$1,074 and $752 at September 28, 2012 and September 30, 2011, respectively, and primarily included catalogs and costs of advertising which have not yet run for the first time.

Shipping And Handling Costs

Shipping and Handling Costs

Shipping and handling fees billed to customers are included in Net sales. Shipping and handling costs are included in Marketing and selling expenses and totaled $10,803, $10,591 and $ 9,697 for 2012, 2011 and 2010, respectively.

Research And Development

Research and Development

The Company expenses research and development costs as incurred except for costs of software development for new electronic products which are capitalized once technological feasibility is established and are included in Furniture, Fixtures and Equipment. The gross amount capitalized related to software development was $14,762, less accumulated amortization of $6,626, at September 28, 2012 and $8,380, less accumulated amortization of $4,399, at September 30, 2011.  These costs are amortized over the expected life of the software of three years.  Amortization expense related to capitalized software in 2012, 2011 and 2010 was $2,227, $1,373 and $489, respectively, and is included in Depreciation expense on Plant, Property and Equipment.

Fair Values

Fair Values

The carrying amounts of cash, cash equivalents, accounts receivable, and accounts payable approximated fair value at September 28, 2012 and September 30, 2011 due to the short maturities of these instruments. During 2012, 2011 and 2010, the Company held foreign currency forward contracts and investments in equity and debt securities that were carried at fair value.  When indicators of impairment are present, the Company may be required to value certain long-lived assets such as property, plant, and equipment, and other intangibles at fair value.

Valuation Techniques

Valuation Techniques

Over the Counter Derivative Contracts

The value of over the counter derivative contracts, such as interest rate swaps and foreign currency forward contracts, are derived using pricing models, which take into account the contract terms, as well as other inputs, including, where applicable, the notional values of the contracts, payment terms, maturity dates, credit risk, interest rate yield curves, and contractual and market currency exchange rates.  The pricing model used for valuing interest rate swaps does not entail material subjectivity because the methodologies employed do not necessitate significant judgment, and the pricing inputs are observed from actively quoted markets.

Rabbi Trust Assets

Rabbi trust assets, used to fund amounts the Company owes to certain officers and other employees under the Company’s non-qualified deferred compensation plan, are included in other assets, and are classified as trading securities.  These assets are comprised of marketable debt and equity securities that are marked to fair value based on unadjusted quoted prices in active markets.

Goodwill and Other Intangible Assets

In assessing the recoverability of the Company's goodwill and other intangible assets, the Company estimates the future discounted cash flows of the businesses to which the goodwill relates.  When estimated future discounted cash flows are less than the carrying value of the net assets and related goodwill, an impairment test is performed to measure and recognize the amount of the impairment loss, if any.  In determining estimated future cash flows, the Company makes assumptions regarding anticipated financial position, future earnings and other factors to determine the fair value of the respective assets.

See Note 2 of the Notes to Consolidated Financial Statementsfor disclosures regarding the fair value of long-term debt and Note 4 of the Notes to Consolidated Financial Statements for disclosures regarding fair value measurement.

Reclassifications

Reclassifications

Certain prior year amounts have been reclassified to conform to the 2012 presentation. These reclassifications have no impact on previously reported net income or earnings per share.  

New Accounting Pronouncements

New Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board (“FASB”) issued updated authoritative guidance to amend fair value measurements and disclosures.  The guidance became effective for the Company on a prospective basis during its 2012 fiscal second quarter.  This guidance is intended to provide a consistent definition of fair value between International Financial Reporting Standards and U.S. GAAP and results in convergence of requirements for measurement of and disclosure about fair value.  The new guidance also changes some fair value measurement principles and enhances disclosure requirements related to activities in Level 3 of the fair value hierarchy.  The Company adopted this updated authoritative guidance effective as of December 31, 2011, the beginning of its second quarter of fiscal 2012.  The Company’s adoption of this authoritative guidance did not have a significant impact on the Company’s Consolidated Financial Statements.

In July 2012, The FASB issued guidance to amend and simplify the rules related to testing indefinite-lived intangible assets.  The revised guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not that the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment.  The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012.  The adoption of this guidance will not have a material effect on the Company’s Consolidated Financial Statements.

In September 2011, the FASB issued guidance to amend and simplify the rules related to testing goodwill for impairment.  The revised guidance allows an entity to make an initial qualitative evaluation, based on the entity’s events and circumstances, to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  The results of this qualitative assessment determine whether it is necessary to perform the currently required two-step impairment test.  The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The adoption of this guidance will not have a material effect on the Company’s Consolidated Financial Statements.

In December 2011, the FASB issued updated authoritative guidance to amend the presentation of comprehensive income in financial statements.  The guidance becomes effective on a retroactive basis for the Company’s first quarter of fiscal 2013.  This new guidance allows companies the option to present other comprehensive income in either a single continuous statement or in two separate but consecutive statements.  It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.  Under both alternatives, companies will be required to present each component of net income and comprehensive income. The adoption of this updated authoritative guidance will impact the presentation of the Company’s Consolidated Financial Statements, but it will have no effect on the Company’s financial condition, results of operations or cash flow.

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Income Taxes (Significant Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate) (Details)	12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010
Income Taxes [Abstract]
Statutory U.S. federal income tax rate	35.00%	35.00%	35.00%
Foreign rate differential	(1.00%)	(0.90%)	(3.60%)
State income tax, net of federal benefit	3.10%	4.20%	5.30%
Increase (Decrease) in valuation reserve for deferred assets	7.10%	(211.00%)	(8.10%)
Other	4.90%	6.20%	0.30%
Effective income tax rate	49.10%	(166.50%)	28.90%

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Restructuring (Tables)

12 Months Ended

Sep. 28, 2012

Restructuring [Abstract]

Schedule Of Restructuring Reserve

The following table presents changes in the accrual related to this restructuring project through September 28, 2012:
		Employee Termination Costs		Contract Exit Costs		Other Exit Costs		Total
Accrued restructuring liabilities as of September 30, 2011	$	-	$	-	$	-	$	-
Activity during the year ended September 28, 2012:
Charges to earnings		574		282		162		1,018
Settlement payments		(146)		(282)		(62)		(490)
Accrued restructuring liabilities as of September 28, 2012	$	428	$	-	$	100	$	528

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Litigation

12 Months Ended

Sep. 28, 2012

Litigation [Abstract]

Litigation

13LITIGATION

The Company is subject to various legal actions and proceedings in the normal course of business, including those related to commercial disputes, product liability, intellectual property and environmental 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.

On March 1, 2012, the company received a $3,500 settlement payment resolving an ongoing claim with its insurance carriers.  As part of the settlement, the Company’s former lawsuit filed in the U.S. District for the Eastern District of Wisconsin against its insurers was dismissed.  The Company originally initiated legal proceedings in May 2005 to seek coverage from its insurers related to an intellectual property dispute between the Company and one of its competitors, which was later settled.

The Company considers the defense of its intellectual property assets to be an ordinary and necessary operating activity essential to maintaining its competitive advantages.  Such activities are not of a financing nature and are not unusual or infrequent.  As a result, and in accordance with the presentation guidance in the Income Statement Subtopics in ASC 225, the Company recognized all of the litigation costs incurred and the payment of the settlement in relation to this matter as a component of operating expenses.  Accordingly, the $3,500 insurance recovery related to these costs was also recognized in operations as a matter of consistency.  This litigation settlement recovery was included in the Watercraft segment.

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Acquisition (Details) (USD $) In Thousands, unless otherwise specified				12 Months Ended
	Sep. 28, 2012	Sep. 30, 2011	Oct. 01, 2010	Sep. 28, 2012 Waypoint And Pro Map Technologies Inc. [Member]	Jul. 11, 2011 Waypoint And Pro Map Technologies Inc. [Member]
Business Acquisition [Line Items]
Business acquisition, acquisition date				Jul. 11, 2011
Cash paid for business acquisition					$ 4,000
Business acquisition, acquired bathymetry database value					2,000
Business acquisition, recognized goodwill	$ 14,466	$ 14,651	$ 13,729		$ 732