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Segments Of Business
 12 Months Ended
Sep. 27, 2013
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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

2012

2011

Net sales:

 

 

 

 

 

 

Marine Electronics:

 

 

 

 

 

 

Unaffiliated customers

$
247,474 

$
231,014 

$
221,839 

Interunit transfers

 
270 

 
220 

 
276 

Outdoor Equipment:

 

 

 

 

 

 

Unaffiliated customers

 
44,147 

 
35,267 

 
38,832 

Interunit transfers

 
76 

 
61 

 
50 

Watercraft:

 

 

 

 

 

 

Unaffiliated customers

 
50,745 

 
58,092 

 
57,583 

Interunit transfers

 
113 

 
109 

 
149 

Diving

 

 

 

 

 

 

Unaffiliated customers

 
83,532 

 
87,367 

 
88,627 

Interunit transfers

 
1,004 

 
628 

 
917 

Other / Corporate

 
563 

 
552 

 
541 

Eliminations

 
(1,463)

 
(1,018)

 
(1,392)

Total

$
426,461 

$
412,292 

$
407,422 

Operating profit (loss):

 

 

 

 

 

 

Marine Electronics

$
32,172 

$
25,230 

$
21,074 

Outdoor Equipment

 
2,180 

 
2,831 

 
2,996 

Watercraft

 
(2,116)

 
(408)

 
(1,351)

Diving

 
5,694 

 
6,408 

 
3,610 

Other / Corporate

 
(12,339)

 
(12,648)

 
(8,659)

 

$
25,591 

$
21,413 

$
17,670 

Depreciation and amortization expense:

 

 

 

 

 

 

Marine Electronics

$
5,371 

$
7,058 

$
5,694 

Outdoor Equipment

 
1,051 

 
447 

 
479 

Watercraft

 
1,483 

 
1,658 

 
1,454 

Diving

 
839 

 
1,255 

 
1,942 

Other / Corporate

 
1,326 

 
1,464 

 
1,308 

 

$
10,070 

$
11,882 

$
10,877 

Capital expenditures:

 

 

 

 

 

 

Marine Electronics

$
12,400 

$
9,569 

$
5,283 

Outdoor Equipment

 
381 

 
791 

 
262 

Watercraft

 
1,282 

 
733 

 
1,274 

Diving

 
973 

 
589 

 
1,269 

Other / Corporate

 
1,297 

 
350 

 
1,279 

 

$
16,333 

$
12,032 

$
9,367 

Goodwill, net:

 

 

 

 

 

 

Marine Electronics

$
10,367 

$
10,362 

 

 

Outdoor Equipment

 
6,475 

 

 -

 

 

Watercraft

 

 -

 

 -

 

 

Diving

 
4,211 

 
4,104 

 

 

 

$
21,053 

$
14,466 

 

 

Total assets (end of period):

 

 

 

 

 

 

Marine Electronics

$
111,459 

$
97,261 

 

 

Outdoor Equipment

 
43,630 

 
26,978 

 

 

Watercraft

 
27,810 

 
32,766 

 

 

Diving

 
70,810 

 
70,957 

 

 

Other / Corporate

 
34,641 

 
35,670 

 

 

 

$
288,350 

$
263,632 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

2013

2012

2011

Net sales:

 

 

 

 

 

 

United States:

 

 

 

 

 

 

Unaffiliated customers

$
327,606 

$
307,090 

$
298,193 

Interunit transfers

 
19,881 

 
18,972 

 
18,276 

Europe:

 

 

 

 

 

 

Unaffiliated customers

 
46,740 

 
55,651 

 
66,681 

Interunit transfers

 
12,018 

 
10,776 

 
9,854 

Other:

 

 

 

 

 

 

Unaffiliated customers

 
52,115 

 
49,551 

 
42,548 

Interunit transfers

 
668 

 
2,149 

 
2,324 

Eliminations

 
(32,567)

 
(31,897)

 
(30,454)

 

$
426,461 

$
412,292 

$
407,422 

Total assets:

 

 

 

 

 

 

United States

$
196,166 

$
167,545 

 

 

Europe

 
56,759 

 
57,273 

 

 

Other

 
35,425 

 
38,814 

 

 

 

$
288,350 

$
263,632 

 

 

Long-term assets:

 

 

 

 

 

 

United States

$
85,100 

$
57,894 

 

 

Europe

 
5,957 

 
7,350 

 

 

Other

 
682 

 
628 

 

 

 

$
91,739 

$
65,872 

 

 

 

(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 2013, 2012 or 2011.