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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Oct. 02, 2020
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories at the end of the respective fiscal years consisted of the following:
| October 2 2020 |  | September 27 2019
Raw materials | $ | 48,874 |  |  | $ | 45,168 |
Work in process | 39 |  |  | 152 |
Finished goods | 48,524 |  |  | 48,978 |
| $ | 97,437 |  |  | $ | 94,298 |
Schedule Of Property And Equipment, Useful Life | Depreciation of property, plant and equipment is determined by straight-line methods over the following estimated useful lives:
Property improvements | 5-20 years
Buildings and improvements | 20-40 years
Furniture and fixtures, equipment and computer software | 3-10 years
Schedule Of Property, Plant And Equipment | Property, plant and equipment at the end of the respective years consisted of the following:
| 2020 |  | 2019
Property improvements | $ | 589 |  |  | $ | 588 |
Buildings and improvements | 24,416 |  |  | 23,231 |
Furniture and fixtures, equipment and computer software | 194,573 |  |  | 178,708 |
| 219,578 |  |  | 202,527 |
Less accumulated depreciation | 156,541 |  |  | 143,028 |
| $ | 63,037 |  |  | $ | 59,499 |
Schedule of Goodwill | The changes in the carrying amount and the composition of the Company's goodwill for fiscal 2020 and 2019 were as follows:
|  |  | Fishing |  | Camping |  | Watercraft |  | Diving |  | Total
Balance at September 28, 2018 |  |  |  |  |  |  |  |  |  |
| Goodwill |  | $ | 17,428 |  |  | $ | 7,038 |  |  | $ | 6,242 |  |  | $ | 33,078 |  |  | $ | 63,786 |
| Accumulated impairment losses |  | (6,229) |  |  | (7,038) |  |  | (6,242) |  |  | (33,078) |  |  | (52,587) |
|  |  | 11,199 |  |  | — |  |  | — |  |  | — |  |  | 11,199 |
| Currency translation |  | (13) |  |  | — |  |  | — |  |  | — |  |  | (13) |
Balance at September 27, 2019 |  |  |  |  |  |  |  |  |  |
| Goodwill |  | 17,415 |  |  | 7,038 |  |  | 6,242 |  |  | 33,078 |  |  | 63,773 |
| Accumulated impairment losses |  | (6,229) |  |  | (7,038) |  |  | (6,242) |  |  | (33,078) |  |  | (52,587) |
|  |  | 11,186 |  |  | — |  |  | — |  |  | — |  |  | 11,186 |
| Currency translation |  | (2) |  |  | — |  |  | — |  |  | — |  |  | (2) |
Balance at October 2, 2020 |  |  |  |  |  |  |  |  |  |
| Goodwill |  | 17,413 |  |  | 7,038 |  |  | 6,242 |  |  | 33,078 |  |  | 63,771 |
| Accumulated impairment losses |  | (6,229) |  |  | (7,038) |  |  | (6,242) |  |  | (33,078) |  |  | (52,587) |
|  |  | $ | 11,184 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,184 |
Schedule Of Intangible Assets | Intangible assets at the end of the last two years consisted of the following:
| 2020 |  | 2019
| Gross Intangible |  | Accumulated Amortization |  | Net |  | Gross Intangible |  | Accumulated Amortization |  | Net
Amortized other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Patents and trademarks | $ | 4,174 |  |  | $ | (4,169) |  |  | $ | 5 |  |  | $ | 4,088 |  |  | $ | (4,081) |  |  | $ | 7 |
Other amortizable intangibles | 11,236 |  |  | (9,214) |  |  | 2,022 |  |  | 11,098 |  |  | (6,756) |  |  | 4,342 |
Non-amortized trademarks | 7,025 |  |  | — |  |  | 7,025 |  |  | 7,025 |  |  | — |  |  | 7,025 |
| $ | 22,435 |  |  | $ | (13,383) |  |  | $ | 9,052 |  |  | $ | 22,211 |  |  | $ | (10,837) |  |  | $ | 11,374 |
Schedule Of Warranty Activity | The following table summarizes the warranty activity for the three years in the period ended October 2, 2020.
Balance at September 29, 2017 | $ | 6,393 |
Expense accruals for warranties issued during the period | 9,389 |
Less current period warranty claims paid | 7,283 |
Balance at September 28, 2018 | $ | 8,499 |
Expense accruals for warranties issued during the period | 9,581 |
Less current period warranty claims paid | 8,890 |
Balance at September 27, 2019 | $ | 9,190 |
Expense accruals for warranties issued during the period | 11,714 |
Less current period warranty claims paid | 10,055 |
Balance at October 2, 2020 | $ | 10,849 |
Schedule Of Accumulated Other Comprehensive Income (Loss) | The components of Accumulated other comprehensive income ("AOCI") on the accompanying Consolidated Balance Sheets as of the end of fiscal year 2020, 2019 and 2018 were as follows:
| 2020 |  | 2019 |  | 2018
| Pre-Tax Amount |  | Tax Effect |  | Net of Tax Effect |  | Pre-Tax Amount |  | Tax Effect |  | Net of Tax Effect |  | Pre-Tax Amount |  | Tax Effect |  | Net of Tax Effect
Foreign currency translation adjustment | $ | 7,323 |  |  | $ | — |  |  | $ | 7,323 |  |  | $ | 4,790 |  |  | $ | — |  |  | $ | 4,790 |  |  | $ | 7,796 |  |  | $ | — |  |  | $ | 7,796 |
Unamortized loss on pension plans | (3,129) |  |  | 523 |  |  | (2,606) |  |  | (3,964) |  |  | 732 |  |  | (3,232) |  |  | (5,329) |  |  | 1,020 |  |  | (4,309) |
Accumulated other comprehensive income | $ | 4,194 |  |  | $ | 523 |  |  | $ | 4,717 |  |  | $ | 826 |  |  | $ | 732 |  |  | $ | 1,558 |  |  | $ | 2,467 |  |  | $ | 1,020 |  |  | $ | 3,487 |
The changes in AOCI by component, net of tax, for the year ended October 2, 2020 were as follows:
| Foreign Currency Translation Adjustment |  | Unamortized Loss on Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance at September 27, 2019 | $ | 4,790 |  |  | $ | (3,232) |  |  | $ | 1,558 |
Other comprehensive income before reclassifications | 2,533 |  |  | 298 |  |  | 2,831 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | 537 |  |  | 537 |
Tax effects | — |  |  | (209) |  |  | (209) |
Balance at October 2, 2020 | $ | 7,323 |  |  | $ | (2,606) |  |  | $ | 4,717 |
The changes in AOCI by component, net of tax, for the year ended September 27, 2019 were as follows:
| Foreign Currency Translation Adjustment |  | Unamortized Loss on Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance at September 28, 2018 | $ | 7,796 |  |  | $ | (4,309) |  |  | $ | 3,487 |
Other comprehensive income (loss) before reclassifications | (2,245) |  |  | 1,037 |  |  | (1,208) |
Amounts reclassified from accumulated other comprehensive income | (761) |  |  | 328 |  |  | (433) |
Tax effects | — |  |  | (288) |  |  | (288) |
Balance at September 27, 2019 | $ | 4,790 |  |  | $ | (3,232) |  |  | $ | 1,558 |
Reclassifications out of AOCI | The reclassifications out of AOCI for the year ended October 2, 2020 were as follows:
|  |  |  | Statement of Operations Presentation
Unamortized loss on defined benefit pension plans |  |  |  |
Amortization of loss |  | $ | 537 |  |  | Cost of sales / Operating expense
Tax effects |  | (134) |  |  | Income tax expense
Total reclassifications for the period |  | $ | 403 |  |  |
The reclassifications out of AOCI for the year ended September 27, 2019 were as follows:
|  |  |  | Statement of Operations Presentation
Unamortized loss on defined benefit pension plans: |  |  |  |
Amortization of loss |  | $ | 328 |  |  | Cost of sales / Operating expense
Tax effects |  | (82) |  |  | Income tax expense
Foreign currency translation adjustments: |  |  |  |
Write off of currency translation amounts |  | (761) |  |  | Other income and expense
Total reclassifications for the period |  | $ | (515) |  |  |
The reclassifications out of AOCI for the year ended September 28, 2018 were as follows:
|  |  |  | Statement of Operations Presentation
Unamortized loss on defined benefit pension plans: |  |  |  |
Amortization of loss |  | $ | 553 |  |  | Cost of sales / Operating expense
Tax effects |  | (133) |  |  | Income tax expense
Foreign currency translation adjustments |  |  |  |
Write off of currency translation amounts |  | (2,378) |  |  | Other income and expense
Total reclassifications for the period |  | $ | (1,958) |  |  |
Schedule Of Basic And Diluted Earnings Per Share | The following table sets forth a reconciliation of net income to dilutive earnings used in the diluted earnings per common share calculations and the computation of basic and diluted earnings per common share:
| 2020 |  | 2019 |  | 2018
Net income | $ | 55,233 |  |  | $ | 51,413 |  |  | $ | 40,669 |
Less: Undistributed earnings reallocated to non-vested shareholders | (220) |  |  | (226) |  |  | (224) |
Dilutive earnings | $ | 55,013 |  |  | $ | 51,187 |  |  | $ | 40,445 |
Weighted average common shares – Basic: |  |  |  |  |
Class A | 8,822 |  |  | 8,782 |  |  | 8,730 |
Class B | 1,212 |  |  | 1,212 |  |  | 1,212 |
Dilutive stock options and restricted stock units | 30 |  |  | 27 |  |  | 54 |
Weighted average common shares - Dilutive | 10,064 |  |  | 10,021 |  |  | 9,996 |
Net income per common share – Basic: |  |  |  |  |
Class A | $ | 5.54 |  |  | $ | 5.18 |  |  | $ | 4.12 |
Class B | $ | 5.04 |  |  | $ | 4.71 |  |  | $ | 3.74 |
Net income per common share – Diluted: |  |  |  |  |
Class A | $ | 5.47 |  |  | $ | 5.11 |  |  | $ | 4.05 |
Class B | $ | 5.47 |  |  | $ | 5.11 |  |  | $ | 4.05 |

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