XML 35 R22.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENTS OF BUSINESS
12 Months Ended
Oct. 02, 2020
Segment Reporting [Abstract]  
SEGMENTS OF BUSINESS SEGMENTS 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. During the years ended October 2, 2020, September 27, 2019, and September 28, 2018, combined net sales to one customer of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $93,478, $93,056, and $90,554 respectively, of the Company's consolidated revenues.

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:
 2020 20192018
Net sales:    
Fishing:    
Unaffiliated customers$449,186  $411,566 $390,679 
Interunit transfers692  555 431 
Camping:    
Unaffiliated customers41,554  40,339 37,732 
Interunit transfers38  40 38 
Watercraft Recreation:    
Unaffiliated customers41,786  33,405 36,120 
Interunit transfers71  93 160 
Diving    
Unaffiliated customers60,853  76,279 78,907 
Interunit transfers20  27 25 
Other / Corporate830  830 830 
Eliminations(821) (715)(654)
Total$594,209  $562,419 $544,268 
Operating profit (loss):    
Fishing$95,884  $84,092 $83,696 
Camping4,406  2,896 1,867 
Watercraft Recreation(329) (2,822)(1,555)
Diving(2,576)3,043 2,766 
Other / Corporate(26,315) (23,435)(23,753)
 $71,070  $63,774 $63,021 
Depreciation and amortization expense:    
Fishing$8,654  $8,730 $8,174 
Camping639  705 816 
Watercraft Recreation899  1,051 977 
Diving1,761  1,005 1,166 
Other / Corporate2,973  2,473 1,972 
 $14,926  $13,964 $13,105 
Capital expenditures:    
Fishing$12,847  $13,712 $9,709 
Camping206  210 253 
Watercraft Recreation685  727 859 
Diving947  955 1,109 
Other / Corporate915  1,182 7,222 
 $15,600  $16,786 $19,152 
Goodwill, net:    
Fishing$11,184  $11,186  
Camping—  —  
Watercraft Recreation—  —  
Diving—  —  
 $11,184  $11,186  
Total assets (end of period):    
Fishing$206,244  $153,926  
Camping37,514  31,525  
Watercraft Recreation21,038  14,436  
Diving67,393  57,682  
Other / Corporate213,837  178,875  
 $546,026  $436,444  
A summary of the Company’s operations by geographic area is presented below:
 202020192018
Net sales:   
United States:   
Unaffiliated customers$525,204 $482,326 $456,816 
Interunit transfers17,503 20,991 20,886 
Europe:   
Unaffiliated customers28,880 35,114 37,014 
Interunit transfers8,561 9,792 10,438 
Canada:   
Unaffiliated customers29,512 30,039 33,358 
Interunit transfers35 — 25 
Other:   
Unaffiliated customers10,613 14,940 17,080 
Interunit transfers10 29 231 
Eliminations(26,109)(30,812)(31,580)
 $594,209 $562,419 $544,268 
Total assets:   
United States$456,188 $356,419  
Europe45,429 41,333  
Canada and other44,409 38,692  
 $546,026 $436,444  
Long-term assets (1):
   
United States$134,932 $96,769  
Europe7,889 3,294  
Canada and other3,988 2,404  
 $146,809 $102,467  

(1)Long term assets consist of net property, plant and equipment, right of use assets, net intangible assets, goodwill and other assets excluding deferred income taxes.