Segments Of Business

12 Months Ended

Oct. 02, 2015

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 accompanying 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:

	2015		2014		2013
Net sales:
Marine Electronics:
Unaffiliated customers	$	262,184	$	249,344	$	247,474
Interunit transfers		334		217		270
Outdoor Equipment:
Unaffiliated customers		47,526		47,393		44,147
Interunit transfers		47		50		76
Watercraft:
Unaffiliated customers		48,805		49,349		50,745
Interunit transfers		156		143		113
Diving
Unaffiliated customers		71,414		78,779		83,532
Interunit transfers		711		780		1,004
Other / Corporate		560		545		563
Eliminations		(1,248)		(1,190)		(1,463)
Total	$	430,489	$	425,410	$	426,461
Operating profit (loss):
Marine Electronics	$	26,055	$	30,722	$	32,172
Outdoor Equipment		3,847		(3,726)		2,180
Watercraft		1,620		210		(2,116)
Diving		934		3,596		5,694
Other / Corporate		(14,603)		(14,111)		(12,339)
	$	17,853	$	16,691	$	25,591
Depreciation and amortization expense:
Marine Electronics	$	7,749	$	6,409	$	5,371
Outdoor Equipment		1,128		1,099		1,051
Watercraft		972		1,274		1,483
Diving		826		904		839
Other / Corporate		1,149		1,177		1,326
	$	11,824	$	10,863	$	10,070
Capital expenditures:
Marine Electronics	$	6,739	$	9,726	$	12,400
Outdoor Equipment		427		348		381
Watercraft		889		837		1,282
Diving		661		947		973
Other / Corporate		1,693		1,405		1,297
	$	10,409	$	13,263	$	16,333
Goodwill, net:
Marine Electronics	$	10,367	$	10,367
Outdoor Equipment		-		-
Watercraft		-		-
Diving		3,925		4,049
	$	14,292	$	14,416
Total assets (end of period):
Marine Electronics	$	125,113	$	111,411
Outdoor Equipment		33,663		32,033
Watercraft		20,898		20,367
Diving		62,589		64,933
Other / Corporate		56,941		59,882
	$	299,204	$	288,626

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

	2015		2014		2013
Net sales:
United States:
Unaffiliated customers	$	350,340	$	337,603	$	327,606
Interunit transfers		17,872		16,186		19,881
Europe:
Unaffiliated customers		35,547		40,659		46,740
Interunit transfers		9,371		12,349		12,018
Canada:
Unaffiliated customers		28,155		27,715		29,656
Interunit transfers		11		11		4
Other:
Unaffiliated customers		16,447		19,433		22,459
Interunit transfers		82		186		664
Eliminations		(27,336)		(28,732)		(32,567)
	$	430,489	$	425,410	$	426,461
Total assets:
United States	$	210,060	$	190,069
Europe		59,740		65,116
Canada and other		29,404		33,441
	$	299,204	$	288,626
Long-term assets (1):
United States	$	79,045	$	79,585
Europe		5,162		5,669
Canada and other		409		469
	$	84,616	$	85,723

(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 2015, 2014 or 2013.