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SEGMENTS OF BUSINESS

6 Months Ended

Mar. 27, 2020

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 27, 2020, combined net sales to two customers of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $48,663 and $80,984, respectively, of the Company's consolidated revenues. 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.

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 27, 2020			March 29, 2019			March 27, 2020			March 29, 2019			September 27, 2019
Net sales:
Fishing:
Unaffiliated customers	$	133,710		$	138,071		$	232,903		$	216,778
Interunit transfers	245			158			330			248
Camping:
Unaffiliated customers	8,841			9,522			16,346			15,336
Interunit transfers	8			7			17			13
Watercraft Recreation:
Unaffiliated customers	6,063			9,834			10,866			14,153
Interunit transfers	1			17			7			23
Diving
Unaffiliated customers	14,253			20,079			30,711			35,608
Interunit transfers	8			6			9			15
Other / Corporate	217			202			312			272
Eliminations	(262		)	(189		)	(363		)	(299		)
Total	$	163,084		$	177,707		$	291,138		$	282,147
Operating profit (loss):
Fishing	$	32,917		$	34,590		$	47,935		$	46,012
Camping	709			419			775			(267		)
Watercraft Recreation	(1,639		)	(516		)	(3,202		)	(2,008		)
Diving	(812		)	1,423			(607		)	716
Other / Corporate	619			(8,072		)	(6,306		)	(10,631		)
	$	31,794		$	27,844		$	38,595		$	33,822
Total assets (end of period):
Fishing							$	241,571		$	235,446		$	153,926
Camping							31,867			30,136			31,525
Watercraft Recreation							24,561			24,657			14,436
Diving							64,321			58,006			57,682
Other / Corporate							141,984			79,748			178,875
							$	504,304		$	427,993		$	436,444

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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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