Note 6 —

Equity Interest Investments

The Company has a 50% interest in a joint venture, Stiga Sports AB (Stiga). The joint venture is accounted for under the equity method of accounting. Stiga, located in Sweden, is a global sporting goods company producing table tennis equipment, snow sleds and game products. Financial information for Stiga reflected in the table below has been translated from local currency to U.S. dollars using exchange rates in effect at the respective year-end for balance sheet amounts and using average exchange rates for income statement amounts. Certain differences exist between U.S. GAAP and local GAAP in Sweden, and the impact of these differences is not reflected in the summarized information reflected in the table below. The most significant difference relates to the accounting for goodwill for Stiga which is amortized over eight years in Sweden but is not amortized for U.S. GAAP reporting purposes. The effect on Stiga’s net assets resulting from the amortization of goodwill for the years ended 2017 and 2016 are addbacks of $10.9 million and $9.8 million, respectively. These net differences are comprised of cumulative goodwill adjustments of $15.2 million offset by the related cumulative tax effect of $4.3 million as of December 30, 2017 and cumulative goodwill adjustments of $13.7 million offset by the related cumulative tax effect of $3.9 million as of December 31, 2016. The income statement impact of these goodwill and tax adjustments and other individually insignificant U.S. GAAP adjustments for the years ended December 30, 2017, December 31, 2016, and December 26, 2015 are to increase total Stiga net income by approximately zero, zero, and $0.1 million, respectively. The Company’s 50% portion of net income for Stiga for the years ended December 30, 2017, December 31, 2016, and December 26, 2015 are $1.6 million, $1.7 million, and $3.0 million, respectively. Additionally, for each of the years ended December 30, 2017, December 31, 2016 and December 26, 2015, the Company paid royalties to Stiga in the amount of $0.4 million.

In accordance with Rule 4-08(g) of Regulation S-X, summarized financial information for Stiga Sports AB balance sheets as of December 31, 2017 and 2016, and statements of operations for the years ended December 31, 2017, 2016 and 2015 is as follows:

In Thousands	2017		2016

Current assets	$	30,623	$	28,322
Non-current assets		10,854		9,379
Total assets		41,477		37,701

Current liabilities		6,897		4,847
Non-current liabilities		5,462		5,133
Total liabilities		12,359		9,980

Net assets	$	29,118	$	27,721

	2017		2016		2015

Net sales	$	46,296	$	42,887	$	45,688
Gross profit		21,427		19,642		22,122
Net income		3,268		3,344		5,843