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SEGMENTS OF BUSINESS

6 Months Ended

Mar. 29, 2019

Segment Reporting [Abstract]

SEGMENTS OF BUSINESS

SEGMENTS OF BUSINESS

The Company conducts its worldwide operations through separate business segments, each of which represents major product lines. Operations are conducted in the United States and various foreign countries, primarily in Europe, Canada and the Pacific Basin.  During the three and six month periods ended March 29, 2019, combined net sales to one customer of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $35,507 and $53,750, respectively, of the Company's consolidated revenues. During the three and six month periods ended March 30, 2018, combined net sales to one customer of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $30,450 and $49,280, respectively, of the Company's consolidated revenues.

Net sales and operating profit include both sales to customers, as reported in the Company’s accompanying Condensed Consolidated Statements of Operations, and interunit transfers, which are priced to recover cost 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 periods presented.

A summary of the Company’s operations by business segment is presented below:

	Three Months Ended						Six Months Ended
	March 29, 2019			March 30, 2018			March 29, 2019			March 30, 2018			September 28, 2018
Net sales:
Fishing:
Unaffiliated customers	$	138,071		$	125,355		$	216,778		$	214,200
Interunit transfers	158			151			248			213
Camping:
Unaffiliated customers	9,522			10,075			15,336			15,912
Interunit transfers	7			7			13			16
Watercraft Recreation:
Unaffiliated customers	9,834			10,789			14,153			15,138
Interunit transfers	17			19			23			27
Diving
Unaffiliated customers	20,079			19,366			35,608			36,799
Interunit transfers	6			4			15			9
Other / Corporate	202			193			272			308
Eliminations	(189		)	(181		)	(299		)	(265		)
Total	$	177,707		$	165,778		$	282,147		$	282,357
Operating profit (loss):
Fishing	$	34,590		$	30,762		$	46,012		$	44,827
Camping	419			302			(267		)	(422		)
Watercraft Recreation	(516		)	(170		)	(2,008		)	(1,314		)
Diving	1,423			14			716			(371		)
Other / Corporate	(8,072		)	(4,906		)	(10,631		)	(9,681		)
	$	27,844		$	26,002		$	33,822		$	33,039
Total assets (end of period):
Fishing							$	235,446		$	203,735		$	135,808
Camping							30,136			28,594			32,728
Watercraft Recreation							24,657			27,360			16,994
Diving							58,006			62,191			56,498
Other / Corporate							79,748			62,046			153,908
							$	427,993		$	383,926		$	395,936

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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