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Segments Of Business
 12 Months Ended
Oct. 03, 2014
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 accompanying 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

2013

2012

Net sales:

 

 

 

 

 

 

Marine Electronics:

 

 

 

 

 

 

Unaffiliated customers

$
249,344 

$
247,474 

$
231,014 

Interunit transfers

 
217 

 
270 

 
220 

Outdoor Equipment:

 

 

 

 

 

 

Unaffiliated customers

 
47,393 

 
44,147 

 
35,267 

Interunit transfers

 
50 

 
76 

 
61 

Watercraft:

 

 

 

 

 

 

Unaffiliated customers

 
49,349 

 
50,745 

 
58,092 

Interunit transfers

 
143 

 
113 

 
109 

Diving

 

 

 

 

 

 

Unaffiliated customers

 
78,779 

 
83,532 

 
87,367 

Interunit transfers

 
780 

 
1,004 

 
628 

Other / Corporate

 
545 

 
563 

 
552 

Eliminations

 
(1,190)

 
(1,463)

 
(1,018)

Total

$
425,410 

$
426,461 

$
412,292 

Operating profit (loss):

 

 

 

 

 

 

Marine Electronics

$
30,722 

$
32,172 

$
25,230 

Outdoor Equipment

 
(3,726)

 
2,180 

 
2,831 

Watercraft

 
210 

 
(2,116)

 
(408)

Diving

 
3,596 

 
5,694 

 
6,408 

Other / Corporate

 
(14,111)

 
(12,339)

 
(12,648)

 

$
16,691 

$
25,591 

$
21,413 

Depreciation and amortization expense:

 

 

 

 

 

 

Marine Electronics

$
6,409 

$
5,371 

$
7,058 

Outdoor Equipment

 
1,099 

 
1,051 

 
447 

Watercraft

 
1,274 

 
1,483 

 
1,658 

Diving

 
904 

 
839 

 
1,255 

Other / Corporate

 
1,177 

 
1,326 

 
1,464 

 

$
10,863 

$
10,070 

$
11,882 

Capital expenditures:

 

 

 

 

 

 

Marine Electronics

$
9,726 

$
12,400 

$
9,569 

Outdoor Equipment

 
348 

 
381 

 
791 

Watercraft

 
837 

 
1,282 

 
733 

Diving

 
947 

 
973 

 
589 

Other / Corporate

 
1,405 

 
1,297 

 
350 

 

$
13,263 

$
16,333 

$
12,032 

Goodwill, net:

 

 

 

 

 

 

Marine Electronics

$
10,367 

$
10,367 

 

 

Outdoor Equipment

 

 -

 
6,475 

 

 

Watercraft

 

 -

 

 -

 

 

Diving

 
4,049 

 
4,211 

 

 

 

$
14,416 

$
21,053 

 

 

Total assets (end of period):

 

 

 

 

 

 

Marine Electronics

$
111,411 

$
111,459 

 

 

Outdoor Equipment

 
32,033 

 
43,630 

 

 

Watercraft

 
20,367 

 
27,810 

 

 

Diving

 
64,933 

 
70,810 

 

 

Other / Corporate

 
59,882 

 
34,641 

 

 

 

$
288,626 

$
288,350 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

2014

2013

2012

Net sales:

 

 

 

 

 

 

United States:

 

 

 

 

 

 

Unaffiliated customers

$
337,603 

$
327,606 

$
307,090 

Interunit transfers

 
16,186 

 
19,881 

 
18,972 

Europe:

 

 

 

 

 

 

Unaffiliated customers

 
40,659 

 
46,740 

 
55,651 

Interunit transfers

 
12,349 

 
12,018 

 
10,776 

Canada:

 

 

 

 

 

 

Unaffiliated customers

 
27,715 

 
29,656 

 
27,105 

Interunit transfers

 
11 

 
4 

 
13 

Other:

 

 

 

 

 

 

Unaffiliated customers

 
19,433 

 
22,459 

 
22,446 

Interunit transfers

 
186 

 
664 

 
2,136 

Eliminations

 
(28,732)

 
(32,567)

 
(31,897)

 

$
425,410 

$
426,461 

$
412,292 

Total assets:

 

 

 

 

 

 

United States

$
190,069 

$
196,166 

 

 

Europe

 
65,116 

 
56,759 

 

 

Canada and other

 
33,441 

 
35,425 

 

 

 

$
288,626 

$
288,350 

 

 

Long-term assets (1):

 

 

 

 

 

 

United States

$
79,585 

$
85,100 

 

 

Europe

 
5,669 

 
5,957 

 

 

Canada and other

 
469 

 
682 

 

 

 

$
85,723 

$
91,739 

 

 

 

(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 2014, 2013 or 2012.