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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Oct. 03, 2014
Summary Of Signficant Accounting Policies [Line Items]  
Schedule of Inventories

 

 

 

 

 

 

October 3

September 27

 

2014

2013

Raw materials

$

27,295 

$

27,935 

Work in process

 

72 

 

198 

Finished goods

 

38,974 

 

48,230 

 

$

66,341 

$

76,363 

 

Schedule Of Property, Plant And Equipment

 

 

 

 

 

 

 

 

 

 

 

2014

2013

Property improvements

$

633 

$

596 

Buildings and improvements

 

20,956 

 

19,379 

Furniture, fixtures and equipment

 

133,179 

 

126,733 

 

 

154,768 

 

146,708 

Less accumulated depreciation

 

108,668 

 

103,314 

 

$

46,100 

$

43,394 

 

 

 

 

 

 

Schedule of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment

 

 

 

Consolidated

 

Marine Electronics

Diving

Outdoor Equipment

Consolidated

 

Gross Goodwill

Accumulated Impairment

Total

Balance at September 28, 2012

$

10,362 

$

4,104 

$

 -

$

14,466 

 

$

54,381 

$

39,915 

$

14,466 

Jetboil acquisition

 

 -

 

 -

 

6,475 

 

6,475 

 

 

6,475 

 

 -

 

6,475 

Amount attributable to movements in foreign currency rates

 

 

107 

 

 -

 

112 

 

 

112 

 

 -

 

112 

Balance at September 27, 2013

$

10,367 

$

4,211 

$

6,475 

$

21,053 

 

$

60,968 

$

39,915 

$

21,053 

Impairment

 

 -

 

 -

 

(6,475)

 

(6,475)

 

 

 -

 

6,475 

 

(6,475)

Amount attributable to movements in foreign currency rates

 

 -

 

(162)

 

 -

 

(162)

 

 

(162)

 

 -

 

(162)

Balance at October 3, 2014

$

10,367 

$

4,049 

$

 -

$

14,416 

 

$

60,806 

$

46,390 

$

14,416 

 

Schedule Of Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

Gross Intangible

Accumulated Amortization

Net

 

Gross Intangible

Accumulated Amortization

Net

Amortized other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

$

3,250 

$

(2,955)

$

295 

 

$

3,937 

$

(3,598)

$

339 

Trademarks

 

1,056 

 

(1,051)

 

 

 

1,117 

 

(1,112)

 

Other amortizable intangibles

 

6,749 

 

(1,556)

 

5,193 

 

 

6,586 

 

(852)

 

5,734 

Non-amortized trademarks

 

7,025 

 

 -

 

7,025 

 

 

8,990 

 

 -

 

8,990 

 

$

18,080 

$

(5,562)

$

12,518 

 

$

20,630 

$

(5,562)

$

15,068 

 

Schedule Of Warranty Activity

 

 

 

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 

Expense accruals for warranties issued during the period

 

2,901 

Less current period warranty claims paid

 

2,438 

Balance at September 27, 2013

$

5,214 

Expense accruals for warranties issued during the period

 

3,717 

Less current period warranty claims paid

 

4,853 

Balance at October 3, 2014

$

4,078 

 

Changes in Accumulated OCI by Component, Net of Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

2013

2012

 

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

$

18,424 

$

 -

$

18,424 

$

23,789 

$

 -

$

23,789 

$

23,901 

$

 -

$

23,901 

Unamortized loss on pension plans

 

(6,981)

 

1,335 

 

(5,646)

 

(5,008)

 

585 

 

(4,423)

 

(10,207)

 

2,561 

 

(7,646)

Unrealized loss on interest rate swaps

 

 -

 

 -

 

 -

 

 -

 

 -

 

 -

 

(138)

 

 -

 

(138)

Accumulated other comprehensive income

$

11,443 

$

1,335 

$

12,778 

$

18,781 

$

585 

$

19,366 

$

13,556 

$

2,561 

$

16,117 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassifications Out Of Accumulated OCI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The reclassifications out of AOCI for the year ended October 3, 2014 were as follows:

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations

(thousands)

 

 

 

 

Presentation

Unamortized loss on defined benefait pension plans

 

 

 

 

 

Amortization of loss

 

$

341 

 

Cost of sales / Operating expense

Tax effects

 

 

(130)

 

Income tax expense

Total reclassifications for the period

 

$

211 

 

 

 

Schedule Of The Changes In AOCI By Component, Net Of Tax

 

 

 

 

 

 

 

The changes in AOCI by component, net of tax, for the year ended October 3, 2014 were as follows:

 

 

 

 

 

 

 

(thousands)

Foreign Currency Translation Adjustment

Unamortized Loss on Defined Benefit Pension Plans

Accumulated
Other Comprehensive Income (Loss)

Balance at September 27, 2013

$

23,789 

$

(4,423)

$

19,366 

Other comprehensive income before reclassifications

 

(5,500)

 

 -

 

(5,500)

Amounts reclassified from accumulated other comprehensive income

 

135 

 

(1,973)

 

(1,838)

Tax effects

 

 -

 

750 

 

750 

Balance at October 3, 2014

$

18,424 

$

(5,646)

$

12,778 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Basic And Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

2013

2012

Net income

$

9,123 

$

19,327 

$

10,134 

Less: Undistributed earnings reallocated to non-vested shareholders

 

(304)

 

(792)

 

(506)

Dilutive earnings

$

8,819 

$

18,535 

$

9,628 

Weighted average common shares – Basic:

 

 

 

 

 

 

Class A

 

8,420 

 

8,305 

 

8,155 

Class B

 

1,212 

 

1,212 

 

1,216 

Dilutive stock options and restricted stock units

 

 

 

Weighted average common shares - Dilutive

 

9,635 

 

9,523 

 

9,379 

Net income per common share – Basic:

 

 

 

 

 

 

Class A

$

0.93 

$

1.98 

$

1.04 

Class B

$

0.84 

$

1.79 

$

0.94 

Net income per common share – Diluted:

 

 

 

 

 

 

Class A

$

0.90 

$

1.95 

$

1.03 

Class B

$

0.90 

$

1.95 

$

1.03 

 

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