XML 26 R9.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Stock-Based Compensation And Stock Ownership Plans | 9 Months Ended
--- | ---
Jun. 29, 2012
Stock-Based Compensation And Stock Ownership Plans [Abstract] |
Stock-Based Compensation And Stock Ownership Plans | ###### 4 Stock-Based Compensation and Stock Ownership Plans The Company’s current stock ownership plans allow for issuance of options to acquire shares of Class A common stock by key executives and non-employee directors. Current plans also allow for issuance of shares of restricted stock or stock appreciation rights in lieu of stock options. Under the Company’s 2010 Long-Term Stock Incentive Plan and the 2003 Non-Employee Director Stock Ownership Plan there were 843,749 shares of the Company’s Class A common stock available for grant to key executives and non-employee directors at June 29, 2012. ## Stock Options All stock options have been granted at a price not less than fair market value at the date of grant and are currently exercisable. Stock options generally have a term of 10 years. All of the Company’s stock options outstanding are fully vested, with no further compensation expense to be recorded. There were no grants of stock options during the three and nine month periods ended June 29, 2012 or July 1, 2011. A summary of stock option activity for the nine months ended June 29, 2012 related to the Company’s stock ownership plans is shown below.
| Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value
Outstanding and exercisable at September 30, 2011 | 68,590 | $ | 10.37 | 1.1 | $ | 397
Exercised | (43,390) |  | 7.79 | - |  | 351
Cancelled | (1,834) |  | 7.42 | - |  | 23
Outstanding and exercisable at June 29, 2012 | 23,366 | $ | 15.39 | 1.9 | $ | 107
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price of $20.60 as of June 29, 2012, which would have been received by the option holders had those option holders exercised their stock options as of that date. The Company received cash proceeds from stock option exercises totaling $338 and $299 for the nine month periods ending June 29, 2012 and July 1, 2011, respectively. ## Non-vested Stock All shares of non-vested stock awarded by the Company have been granted at their fair market value on the date of grant and vest either immediately or within five years after the grant date. The fair value at date of grant is based on the number of shares granted and the average of the Company’s high and low Class A common stock price on the date of grant or, if the Company’s shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock price on the last preceding date on which the Company’s shares traded. A summary of non-vested stock activity for the nine months ended June 29, 2012 related to the Company’s stock ownership plans is as follows:
|  | Weighted Average
| Shares | Grant Price
Non-vested stock at September 30, 2011 | 472,761 | $ | 11.86
Non-vested stock grants | 66,312 |  | 16.02
Non-vested stock cancelled | (2,610) |  | 9.12
Restricted stock vested | (41,165) |  | 17.81
Non-vested stock at June 29, 2012 | 495,298 | $ | 11.94
Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of shares by tendering a portion of the vested shares back to the Company. Shares tendered back to the Company were 6,621 during the nine month period ended June 29, 2012. Stock compensation expense, net of forfeitures, related to non-vested stock was $372 and $341 during the three month periods ended June 29, 2012 and July 1, 2011, respectively, and $1,292 and $1,060 for the nine month periods ended June 29, 2012 and July 1, 2011, respectively. Unrecognized compensation cost related to non-vested stock as of June 29, 2012 was $2,660, which amount will be amortized to expense through November 2016 or adjusted for changes in future estimated or actual forfeitures. ## Employees’ Stock Purchase Plan The Company’s shareholders ha v e adopted the Johnson Outdoors Inc. 2009 Employees’ Stock Purchase Plan which provides for the issuance of shares of Class A common stock at a purchase price of not less than 85% of the fair market value of such shares on the date of grant or at the end of the offering period, whichever is lower. During the three and nine month periods ended June 29, 2012, the Company issued 10,349 shares of Class A common stock and recognized $30 of expense in connection with the Employees’ Stock Purchase Plan. The Company issued 5,475 shares and recognized expense of $16 under the Employees’ Stock Purchase Plan during the three and nine month periods ended July 1, 2011.

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration