<SEC-DOCUMENT>0001171843-12-002851.txt : 20120801
<SEC-HEADER>0001171843-12-002851.hdr.sgml : 20120801
<ACCEPTANCE-DATETIME>20120801091624
ACCESSION NUMBER:		0001171843-12-002851
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120801
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120801
DATE AS OF CHANGE:		20120801

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOHNSON OUTDOORS INC
		CENTRAL INDEX KEY:			0000788329
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				391536083
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16255
		FILM NUMBER:		12998616

	BUSINESS ADDRESS:	
		STREET 1:		555 MAIN STREET
		CITY:			RACINE
		STATE:			WI
		ZIP:			53403-1015
		BUSINESS PHONE:		2626316600

	MAIL ADDRESS:	
		STREET 1:		555 MAIN STREET
		STREET 2:		STE 023
		CITY:			RACINE
		STATE:			WI
		ZIP:			53403-1015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JOHNSON WORLDWIDE ASSOCIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>document.htm
<DESCRIPTION>FORM 8-K FILING DOCUMENT
<TEXT>
<html>

	<head>
		<title>Form 8-K Filing</title>
	</head>

	<body>
		<p align="center"><b>UNITED STATES</b><br>
			<b>SECURITIES AND EXCHANGE COMMISSION</b><br>
			<b>Washington, D.C. 20549</b></p>
		<p align="center"><b>FORM 8-K</b></p>
		<p align="center"><font size="2"><b>CURRENT REPORT</b><br>
				<b>Pursuant to Section 13 OR 15(d) of<br>
					The Securities Exchange Act of 1934</b></font></p>
		<p align="center"><font size="2">Date of Report (Date of earliest event reported): <u>August 1, 2012</u></font></p>
		<p align="center"><font size="4"><b><u>Johnson Outdoors</u></b></font><br>
			<font size="2">(Exact name of registrant as specified in its charter)</font></p>
		<div align="center">
			<table cellpadding="0" border="0" width="100%" cellspacing="0">
				<tr valign="top">
					<td width="32%" align="center"><font size="2"><u>Wisconsin</u></font></td>
					<td width="3%"><font size="2">&nbsp;</font></td>
					<td width="32%" align="center"><font size="2"><u>0-16255</u></font></td>
					<td width="3%"><font size="2">&nbsp;</font></td>
					<td width="32%" align="center"><font size="2"><u>39-1536083</u></font></td>
				</tr>
				<tr valign="top">
					<td width="32%" align="center"><font size="2">(State or other jurisdiction<br>
							of incorporation) </font></td>
					<td width="3%"><font size="2">&nbsp;</font></td>
					<td width="32%" align="center"><font size="2">(Commission File Number) </font></td>
					<td width="3%"><font size="2">&nbsp;</font></td>
					<td width="32%" align="center"><font size="2">(IRS Employer<br>
							Identification No.) </font></td>
				</tr>
			</table>
			<br>
			<br>
			<font size="2"><u>555 Main Street, Racine, Wisconsin&nbsp;53403</u></font><br>
			<font size="2">(Address of principal executive offices, including zip code)</font></div>
		<p align="center"><font size="2"><u>(262) 631-6600</u></font><br>
			<font size="2">(Registrant's telephone number, including area code)</font></p>
		<p align="center"><font size="2"><u>Not Applicable</u></font><br>
			<font size="2">(Former name or former address, if changed since last report)</font></p>
		<br>
		<table cellpadding="0" border="0" cellspacing="0" width="100%">
			<tr valign="top">
				<td colspan="3"><font size="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></td>
			</tr>
			<tr valign="top">
				<td colspan="3"><font size="2">&nbsp;</font></td>
			</tr>
			<tr valign="top">
				<td width="2%"><font size="2">&nbsp;</font></td>
				<td nowrap><font size="2">[ &nbsp;&nbsp;]</font>&nbsp;</td>
				<td nowrap><font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td>
			</tr>
			<tr valign="top">
				<td width="2%"><font size="2">&nbsp;</font></td>
				<td nowrap><font size="2">[ &nbsp;&nbsp;]</font>&nbsp;</td>
				<td nowrap><font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td>
			</tr>
			<tr valign="top">
				<td width="2%"><font size="2">&nbsp;</font></td>
				<td nowrap><font size="2">[ &nbsp;&nbsp;]</font>&nbsp;</td>
				<td nowrap><font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td>
			</tr>
			<tr valign="top">
				<td width="2%"><font size="2">&nbsp;</font></td>
				<td nowrap><font size="2">[ &nbsp;&nbsp;]</font>&nbsp;</td>
				<td nowrap><font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td>
			</tr>
		</table>
		<br>
		<hr noshade="1" size="4" color="#000000">
		<div align="center">
			<p><font size="2"><b>Section 2 - Financial Information</b></font></p>
		</div>
		<font size="2"></font>
		<p><font size="2"><b><p><font size="3"><b>Item 2.02. Results of Operations and Financial Condition.</b></font></p></b></font></p>
		<p><font size="2"><p>
	 </p>
<p>
	On August 1, 2012, Johnson Outdoors Inc. (the &quot;Company&quot;) issued a press release announcing results for the third fiscal quarter ended June 29, 2012 (the &quot;Press Release&quot;). A copy of the Press Release is being furnished as Exhibit 99.1 to this Report.</p>
<p>
	 </p>
<p>
	The information in this Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be &quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.</p>
</font></p>
		<font size="2"></font>
		<div align="center">
			<p><font size="2"><b>Section 9 - Financial Statements and Exhibits</b></font></p>
		</div>
		<p><font size="2"><b><p><font size="3"><b>Item 9.01. Financial Statements and Exhibits.</b></font></p></b></font></p>
		<p><font size="2"><table border="0" cellpadding="0" cellspacing="0" width="100%">

		<tr>
			<td valign="top" width="5%">
				<p align="right">
					<font size="2">(d)</font></p>
			</td>
			<td valign="top" width="2%">
				<p>
					 </p>
			</td>
			<td valign="top" width="93%">
				<p>
					<font size="2">Exhibits. The following exhibit is being furnished herewith:</font></p>
			</td>
		</tr>

</table>
<p>
	 </p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">

		<tr>
			<td valign="top" width="6%">
				<p>
					 </p>
			</td>
			<td valign="top" width="6%">
				<p>
					<font size="2">99.1</font></p>
			</td>
			<td valign="top" width="87%">
				<p>
					<font size="2">Press Release Dated August 1, 2012.</font></p>
			</td>
		</tr>

</table>
<p>
	 </p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
</table>
</font></p>
		<hr noshade="1" size="4" color="#000000">
		<p align="center"><b><font size="2">SIGNATURES</font></b></p>
		<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="50%"><font size="2">&nbsp;</font></td>
				<td colspan="2"><font size="3"><b>Johnson Outdoors</b></font><br>
					<br>
				</td>
			</tr>
			<tr valign="top">
				<td width="50%"><font size="2">Date: August 1, 2012</font><br>
				</td>
				<td width="3%"><font size="2">By: &nbsp;</font></td>
				<td width="47%"><font size="2"><u>/s/ DAVID W. JOHNSON</u><br>
					David W. Johnson<br>
					<i>Vice President and Chief Financial Officer</i></font></td>
			</tr>
		</table>
		<br>
		<br>
		<hr noshade="1" size="4" color="#000000">
		<div align="center">
			<p><b><font size="2">JOHNSON OUTDOORS INC.</font></b></p>
			<p><font size="2"><b>Exhibit Index to Current Report on Form 8-K</b></font></p>
		</div>
		<font size="2"><p>
	Exhibit<br />
	<u>Number</u></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">

		<tr>
			<td valign="top" width="5%">
				<font style="font-size:12px;">99.1</font></td>
			<td valign="top" width="95%">
				<font style="font-size:12px;">Press Release Dated August 1, 2012.</font></td>
		</tr>

</table>
</font>

	</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html><head><title>Johnson Outdoors Reports Increased Sales &amp; Operating Profit for 2012 Fiscal Third Quarter</title></head><body><p align="right">EXHIBIT 99.1</p><h3 align="center">Johnson Outdoors Reports Increased Sales &amp; Operating Profit for 2012 Fiscal Third Quarter</h3><p>RACINE, Wis., Aug. 1, 2012 (GLOBE NEWSWIRE) -- <strong>Johnson Outdoors Inc. </strong>(Nasdaq:JOUT), a leading global outdoor recreation equipment company, reported double-digit growth in operating profit and net income as successful new products delivered solid revenue gains in the Company's 2012 fiscal third quarter ending June 29, 2012. &#160;&#160;&#160;&#160;&#160;</p><p>
	"Three years ago we set a goal to grow profits faster than sales amid a gradual recovery of outdoor recreation markets.&#160;While markets remain below pre-recession levels, impressive third quarter results demonstrate the significant progress we've made in leveraging our strengths to maximize market opportunities and address challenges with heightened energy and discipline," said Helen Johnson-Leipold, Chairman and Chief Executive Officer.&#160;"Going forward, we expect meaningful innovation to continue to drive growth in technology-driven Marine Electronics and Diving segments, and play a central role in efforts to recapture leadership positions in specialty camping and paddling channels where our targeted outdoor enthusiasts shop. Future investments will reflect our commitment to delivering enhanced value for our brands, our customers and shareholders long-term."</p><p>
	<strong><u>T</u></strong><strong><u>HIRD</u></strong><strong><u> Q</u></strong><strong><u>UARTER </u></strong><strong><u>R</u></strong><strong><u>ESULTS</u></strong></p><p>
	Third fiscal quarter results reflect in-season replenishment orders for the Company's warm-weather outdoor recreation products.&#160;Strong performance in North America and Asia markets more than offset declines in Southern Europe.&#160;Total Company revenue during the third fiscal quarter was $128.6 million, a 5 percent increase over net sales of $122.5 million in the prior fiscal year quarter, with new products generating more than 40 percent of total Company net sales. Currency translation had a negative 2 percent, or $2.5 million, impact on sales. Key highlights in the quarter were:</p><ul>
	<li>
		Double-digit growth in Minn Kota<sup>&#174;</sup> and Cannon<sup>&#174;</sup> brands propelled a 9 percent increase in Marine Electronics revenue. &#160;&#160;</li>
	<li>
		Growth in the Old Town<sup>&#174;</sup> brand led to a 1 percent uptick in Watercraft revenue.</li>
	<li>
		A sharp rise in military sales due to pacing of orders accounted for an 8 percent upswing in Outdoor Gear revenue.</li>
	<li>
		Diving revenue declined 5 percent due to unfavorable currency translation which had a negative 7 percent, or $1.7 million, impact on sales.&#160;&#160;</li>
</ul><p>
	Total Company operating profit during the quarter was $14.2 million, a 20 percent increase over the prior fiscal year quarter, due to higher volume, strong margins and improved efficiency.&#160;On July 11, 2012, the Company announced the restructuring of Watercraft U.S. and European operations to realize estimated annual savings of $2 million by the end of fiscal 2014.&#160;Restructuring and other costs related to the action were $1.2 million in the current quarter.&#160;The Company expects additional charges between $0.8 and $1.3 million over the next twelve months. Third quarter net income of $9.0 million, or $0.91 per diluted share, marked an 11 percent increase over the prior year.&#160;&#160;&#160;&#160;</p><p>
	<strong><u>Y</u></strong><strong><u>EAR</u></strong><strong><u>-</u></strong><strong><u>TO</u></strong><strong><u>-D</u></strong><strong><u>ATE</u></strong><strong><u> &#160;R</u></strong><strong><u>ESULTS</u></strong></p><p>
	Total Company year-to-date revenue for the fiscal nine-month period was $337.5 million, a 2 percent increase over the prior year.&#160;Growth in Marine Electronics' brands more than offset declines in the Company's Outdoor Gear and Diving segments. &#160;Successful new products across all units delivered nearly half of total Company net sales in the current nine-month period.&#160;Key factors impacting year-to-date revenue comparisons were:</p><ul>
	<li>
		Growth in Minn Kota<sup>&#174;</sup>, Humminbird<sup>&#174;</sup> and Cannon<sup>&#174;</sup> brands in all channels.</li>
	<li>
		Old Town<sup>&#174;</sup> and Carlisle<sup>&#174;</sup> sales&#160;drove a modest 1 percent increase in Watercraft revenue. &#160;</li>
	<li>
		A 27 percent decline in military sales year-over-year drove a 13 percent decline in Outdoor Gear revenue. &#160;</li>
	<li>
		Solid growth in North America and Asia markets could not offset the impact of unfavorable currency translation and depressed Southern European markets in Diving. &#160;</li>
</ul><p>
	Total Company operating profit was $24.5 million in the nine-month period, a 12 percent increase compared to the same prior year period. &#160;A favorable settlement in the second quarter of a long-standing insurance coverage dispute added $3.5 million to operating profit during the year-to-date period.&#160;While net income benefitted from a 29 percent reduction in interest expense year-over-year, net earnings declined 13 percent during the period due primarily to accounting for applicable domestic and international taxes.&#160;As previously reported, the Company's recent history of income generation and future profit expectations led to a reversal of its U.S. tax valuation allowance in the 2011 fiscal fourth quarter.&#160;In the current year-to-date period, valuation allowances in those countries where losses occurred preclude the Company from realizing any tax benefit on the loss.&#160;The combination of these two factors resulted in a significant year-over-year increase in the Company's effective tax rate which reduced year-to-date net income by $8.3 million. &#160;&#160;</p><p>
	<strong><u>O</u></strong><strong><u>THER</u></strong><strong><u> F</u></strong><strong><u>INANCIAL </u></strong><strong><u>I</u></strong><strong><u>NFORMATION</u></strong></p><p>
	The Company's debt level was $12.5 million at the end of the fiscal third quarter versus $22.7 million at the end of the prior year quarter. Cash, net of debt, was $26.3 million as of June 29, 2012 compared to $7.7 million as of July 1, 2011. Depreciation and amortization was $9.2 million year-to-date, compared to $7.7 million during the first nine months of the prior year. Capital spending totaled $8.9 million during the first nine months of fiscal 2012 compared with $6.0 million in same period in 2011 due to increased investment in Marine Electronics. The Company has experienced continuing declines in interest expense for eleven straight quarters for a favorable impact on net income each fiscal period.</p><p>
	"Margins held firm as demand in Marine Electronics and Diving brands and innovation outpaced price discounting by competitors," said &#160;David W. Johnson, Vice President and Chief Financial Officer. " Rigorous balance sheet management remains a top priority. Working capital declined $12 million and every business was in a cash generating position for the quarter,"</p><p>
	<strong><u>W</u></strong><strong><u>EBCAST</u></strong></p><p>
	The Company will host a conference call and audio web cast at 11:00 a.m. Eastern Time on Wednesday August 1, 2012.&#160; &#160;A live listen-only web cast of the conference call may be accessed at Johnson Outdoors' home page. A replay of the call will be available for 30 days on the Internet.</p><p>
	<strong><u>A</u></strong><strong><u>BOUT</u></strong><strong><u> J</u></strong><strong><u>OHNSON</u></strong><strong><u> O</u></strong><strong><u>UTDOORS</u></strong><strong><u> I</u></strong><strong><u>NC</u></strong><strong><u>. </u></strong></p><p>
	<strong>JOHNSON OUTDOORS</strong> is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products.&#160; The company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Gear.&#160; Johnson Outdoors' familiar brands include, among others: Old Town<sup>&#174;</sup> canoes and kayaks; Ocean Kayak<sup>&#8482;</sup> and Necky<sup>&#174;</sup>&#160;kayaks; Carlisle<sup>&#174;</sup> paddles; Extrasport<sup>&#174;</sup> personal flotation devices; Minn Kota<sup>&#174;</sup> motors; Cannon<sup>&#174;</sup> downriggers; Humminbird<sup>&#174; </sup>marine melectronics; LakeMaster<sup>&#174;</sup> electronic charts; &#160;SCUBAPRO<sup>&#174;</sup> and SUBGEAR<sup>&#174; </sup>dive equipment; Silva<sup>&#174;</sup> compasses; Tech<sup>4</sup>O<sup>&#174;</sup> digital instruments; and Eureka!<sup>&#174;</sup> tents.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>&#160;</strong></p><p align="center">
	<strong>Visit Johnson Outdoors at http://www.johnsonoutdoors.com</strong></p><p>
	<strong><u>S</u></strong><strong><u>AFE </u></strong><strong><u>H</u></strong><strong><u>ARBOR</u></strong><strong><u> S</u></strong><strong><u>TATEMENT</u></strong></p><p>
	Certain matters discussed in this press release are "forward-looking statements," intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995.&#160; Statements other than statements of historical fact are considered forward-looking statements. These statements may be identified by the use of forward-looking words or phrases such as "anticipate,'' "believe,'' "could,'' "expect,'' "intend,'' "may,'' "planned,'' "potential,'' "should,'' "will,'' "would'' or the negative of those terms or other words of similar meaning.Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results or outcomes to differ materially from those currently anticipated.&#160; Factors that could affect actual results or outcomes include changes in economic conditions, consumer confidence levels and discretionary spending patterns in key markets; the Company's continued success in implementing its strategic plan, including its targeted sales growth platforms and focus on innovation; litigation costs related to actions of and disputes with third parties, including competitors; the Company's continued success in working capital management and cost-structure reductions; the Company's ongoing success in meeting financial covenants in its credit agreements with lenders; risk of future write-downs of goodwill or other intangible assets; ability of the Company's customers to meet payment obligations; movements in foreign currencies, interest rates and commodity costs; the success of suppliers and customers; the ability of the Company to deploy its capital successfully; adverse weather conditions; and other risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission.&#160; Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.&#160; The forward-looking statements included herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.</p><table cellpadding="0" cellspacing="6" style=" border-collapse: separate; border-spacing: 6px ">

		<tr>
			<td colspan="5" style="font: 16px Arial; text-align: center">
				<strong>JOHNSON OUTDOORS INC.&#160;</strong></td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				<em>(thousands, except per share amounts)</em></td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td colspan="2" style="font: 12px Arial; text-align: center">
				<strong>THREE MONTHS ENDED</strong></td>
			<td colspan="2" style="font: 12px Arial; text-align: center">
				<strong>NINE MONTHS ENDED</strong></td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				<strong>Operating Results</strong></td>
			<td style="font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;">
				<strong>June 29&#160;2012</strong></td>
			<td style="font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;">
				<strong>July 1 2011</strong></td>
			<td style="font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;">
				<strong>June 29 2012</strong></td>
			<td style="font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;">
				<strong>July 1 2011</strong></td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Net sales</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;128,595</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;122,481</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;337,497</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;330,045</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Cost of sales</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;74,348</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;71,953</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;201,622</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;195,904</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Gross profit</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;54,247</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;50,528</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;135,875</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;134,141</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Operating expenses</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;40,025</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;38,718</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;111,391</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;112,242</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Operating profit</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;14,222</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;11,810</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;24,484</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;21,899</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Interest expense, net</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;581</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;963</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;1,963</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;2,779</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Other (income) expense, net</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(403)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;1,741</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(1,699)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;2,078</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Income before income taxes</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;14,044</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;9,106</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;24,220</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;17,042</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Income tax expense</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;5,049</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;988</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;10,886</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;1,675</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Net income</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;8,995</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;8,118</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;13,334</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;15,367</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Diluted average common shares outstanding</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;9,394</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;9,291</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;9,373</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;9,293</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Net income per common share - Basic and Diluted</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;0.91</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;0.83</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;1.35</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;1.58</td>
		</tr>
		<tr>
			<td colspan="5" style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				<strong>Segment Results</strong></td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Net sales:</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Marine electronics&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;70,223</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;64,172</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;198,250</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;186,016</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Outdoor equipment</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;12,222</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;11,322</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;27,949</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;32,059</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Watercraft&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;22,165</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;21,855</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;46,710</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;46,106</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Diving</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;24,051</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;25,400</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;64,907</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;66,511</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Other/eliminations</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(66)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(268)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(319)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(647)</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Total</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;128,595</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;122,481</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;337,497</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;$&#160;330,045</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Operating profit (loss):</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Marine electronics</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;12,165</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;8,994</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;26,555</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;22,194</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Outdoor equipment</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;1,522</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;1,597</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;2,101</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;3,750</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Watercraft&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;506</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;1,061</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;1,109</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;(14)</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Diving</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;2,630</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;2,179</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;4,239</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;3,323</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Other/eliminations</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(2,601)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(2,021)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(9,520)</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;(7,354)</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Total</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				$&#160;14,222</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				$ 11,810</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				$ 24,484</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				$ 21,899</td>
		</tr>
		<tr>
			<td colspan="5" style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				<strong>Balance Sheet Information </strong>(End of Period)</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Cash and cash equivalents</td>
			<td colspan="2" style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				$&#160;38,745</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;$&#160;30,325</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Accounts receivable, net</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;77,012</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;80,921</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Inventories, net</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;67,018</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;73,690</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Total current assets</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;196,732</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;192,660</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Total assets</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;274,908</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;257,997</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Short-term debt</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;3,490</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;10,151</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Total current liabilities</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;73,296</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;74,791</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				Long-term debt</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left ">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;8,470</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap;">
				&#160;12,520</td>
		</tr>
		<tr>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				Shareholders' equity</td>
			<td colspan="2" style="font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;">
				&#160;</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;173,669</td>
			<td style="font: 12px Arial; vertical-align: bottom; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt;">
				&#160;152,178</td>
		</tr>

</table><pre>CONTACT: AT JOHNSON OUTDOORS INC.
         DAVID JOHNSON
         VP &amp; CHIEF FINANCIAL OFFICER
         262-631-6600

         CYNTHIA GEORGESON
         VP - WORLDWIDE COMMUNICATION
         262-631-6600</pre></body></html>
</TEXT>
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</SEC-DOCUMENT>
