SEGMENTS OF BUSINESS

3 Months Ended

Dec. 29, 2023

Segment Reporting [Abstract]

SEGMENTS OF BUSINESS

SEGMENTS OF BUSINESS

The Company conducts its worldwide operations through separate business segments, each of which represents major product lines. Operations are conducted in the United States and various foreign countries, primarily in Europe,

Canada and the Pacific Basin.  During the three month period ended December 29, 2023, combined net sales to two customers of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $54,147 of the Company's consolidated revenues. During the three month period ended December 30, 2022, combined net sales to two customers of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $50,062 of the Company's consolidated revenues.

During the second quarter of fiscal 2023, the Company sold the Military and Commercial Tent product lines of its Camping segment to a third party in an asset sale. The sale did not include the Eureka! brand name or the Eureka! consumer/recreational Camping business line. Subsequently, during the fourth quarter of fiscal 2023, the Company developed and approved plans to fully exit the Eureka! brand of the Camping segment, which includes liquidating all remaining consumer inventory of Eureka! branded products and winding down operations. The Company incurred expenses of approximately $4,800 in the fourth quarter of fiscal 2023 related to the wind down of the Eureka! branded business. Other costs incurred during fiscal 2024 will be expensed as incurred and are not expected to be material.

During the first quarter of fiscal 2024, the Fishing segment of the Company sold a building, which resulted in a gain of approximately $1,900, which was recorded in Other income, net in the accompanying Condensed Consolidated Statements of Operations.

Net sales and operating profit include both sales to customers, as reported in the Company’s accompanying Condensed Consolidated Statements of Operations, and interunit transfers, which are priced to recover cost 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 periods presented.

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

	Three Months Ended
	December 29, 2023		December 30, 2022		September 29, 2023
Net sales:
Fishing:
Unaffiliated customers	$	110,361	$	137,821
Interunit transfers	131		220
Camping:
Unaffiliated customers	5,903		11,607
Interunit transfers	10		6
Watercraft Recreation:
Unaffiliated customers	4,780		9,633
Interunit transfers	33		25
Diving
Unaffiliated customers	17,474		19,042
Interunit transfers	4		17
Other / Corporate	126		234
Eliminations	(178)		(268)
Total	$	138,644	$	178,337
Operating profit (loss):
Fishing	$	11,529	$	15,572
Camping	358		753
Watercraft Recreation	(2,078)		(415)
Diving	(578)		13
Other / Corporate	(9,185)		(10,451)
	$	46	$	5,472
Total assets (end of period):
Fishing	$	407,992	$	404,600	$	363,463
Camping	45,497		55,977		53,003
Watercraft Recreation	29,577		37,053		26,953
Diving	83,334		81,518		83,555
Other / Corporate	126,283		109,948		154,632
	$	692,683	$	689,096	$	681,606