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Segments Of Business
 12 Months Ended
Sep. 30, 2016
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.  The Company had no single customer that accounted for more than 10% of its total net sales in fiscal 2016, 2015 or 2014.



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:







 

 

 

 

 

 



 

 

 

 

 

 



2016

2015

2014

Net sales:

 

 

 

 

 

 

Marine Electronics:

 

 

 

 

 

 

Unaffiliated customers

$

 274,539 

$

 262,184 

$

 249,344 

Interunit transfers

 

 333 

 

 334 

 

 217 

Outdoor Equipment:

 

 

 

 

 

 

Unaffiliated customers

 

 39,975 

 

 47,526 

 

 47,393 

Interunit transfers

 

 43 

 

 47 

 

 50 

Watercraft:

 

 

 

 

 

 

Unaffiliated customers

 

 50,240 

 

 48,805 

 

 49,349 

Interunit transfers

 

 148 

 

 156 

 

 143 

Diving

 

 

 

 

 

 

Unaffiliated customers

 

 68,330 

 

 71,414 

 

 78,779 

Interunit transfers

 

 807 

 

 711 

 

 780 

Other / Corporate

 

 643 

 

 560 

 

 545 

Eliminations

 

 (1,331)

 

 (1,248)

 

 (1,190)

Total

$

 433,727 

$

 430,489 

$

 425,410 

Operating profit (loss):

 

 

 

 

 

 

Marine Electronics

$

 43,092 

$

 26,055 

$

 30,722 

Outdoor Equipment

 

 2,077 

 

 3,847 

 

 (3,726)

Watercraft

 

 3,349 

 

 1,620 

 

 210 

Diving

 

 (9,384)

(1)

 934 

 

 3,596 

Other / Corporate

 

 (16,240)

 

 (14,603)

 

 (14,111)



$

 22,894 

$

 17,853 

$

 16,691 

Depreciation and amortization expense:

 

 

 

 

 

 

Marine Electronics

$

 7,597 

$

 7,749 

$

 6,409 

Outdoor Equipment

 

 1,121 

 

 1,128 

 

 1,099 

Watercraft

 

 819 

 

 972 

 

 1,274 

Diving

 

 1,210 

 

 826 

 

 904 

Other / Corporate

 

 1,208 

 

 1,149 

 

 1,177 



$

 11,955 

$

 11,824 

$

 10,863 

Capital expenditures:

 

 

 

 

 

 

Marine Electronics

$

 6,970 

$

 6,739 

$

 9,726 

Outdoor Equipment

 

 311 

 

 427 

 

 348 

Watercraft

 

 911 

 

 889 

 

 837 

Diving

 

 1,464 

 

 661 

 

 947 

Other / Corporate

 

 2,046 

 

 1,693 

 

 1,405 



$

 11,702 

$

 10,409 

$

 13,263 

Goodwill, net:

 

 

 

 

 

 

Marine Electronics

$

 11,196 

$

 10,367 

 

 

Outdoor Equipment

 

 -

 

 -

 

 

Watercraft

 

 -

 

 -

 

 

Diving

 

 -

 

 3,925 

 

 



$

 11,196 

$

 14,292 

 

 

Total assets (end of period):

 

 

 

 

 

 

Marine Electronics

$

 118,357 

$

 125,113 

 

 

Outdoor Equipment

 

 28,249 

 

 33,663 

 

 

Watercraft

 

 19,693 

 

 20,898 

 

 

Diving

 

 77,195 

 

 62,589 

 

 

Other / Corporate

 

 66,785 

 

 56,941 

 

 



$

 310,279 

$

 299,204 

 

 

(1) Diving 2016 operating profit includes $6,197 of goodwill impairment charges.



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







 

 

 

 

 

 



2016

2015

2014

Net sales:

 

 

 

 

 

 

United States:

 

 

 

 

 

 

Unaffiliated customers

$

 357,592 

$

 350,340 

$

 337,603 

Interunit transfers

 

 14,672 

 

 17,872 

 

 16,186 

Europe:

 

 

 

 

 

 

Unaffiliated customers

 

 32,069 

 

 35,547 

 

 40,659 

Interunit transfers

 

 9,824 

 

 9,371 

 

 12,349 

Canada:

 

 

 

 

 

 

Unaffiliated customers

 

 28,308 

 

 28,155 

 

 27,715 

Interunit transfers

 

 16 

 

 11 

 

 11 

Other:

 

 

 

 

 

 

Unaffiliated customers

 

 15,758 

 

 16,447 

 

 19,433 

Interunit transfers

 

 62 

 

 82 

 

 186 

Eliminations

 

 (24,574)

 

 (27,336)

 

 (28,732)



$

 433,727 

$

 430,489 

$

 425,410 

Total assets:

 

 

 

 

 

 

United States

$

 219,625 

$

 210,060 

 

 

Europe

 

 52,642 

 

 59,740 

 

 

Canada and other

 

 38,012 

 

 29,404 

 

 



$

 310,279 

$

 299,204 

 

 

Long-term assets (1):

 

 

 

 

 

 

United States

$

 81,292 

$

 79,045 

 

 

Europe

 

 3,713 

 

 5,162 

 

 

Canada and other

 

 4,243 

 

 409 

 

 



$

 89,248 

$

 84,616 

 

 



(1)

Long term assets consist of net property, plant and equipment, net intangible assets, goodwill and other assets excluding deferred income taxes.