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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.