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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Sep. 29, 2023
Accounting Policies [Abstract] |
Schedule of Company's Marketable Securities | The following table summarizes the Company's marketable securities measured at fair value as of September 29, 2023:
| Amortized Cost |  | Fair Value |  | Gross unrealized gains |  | Gross unrealized losses
Fixed rate US Government Bonds | $ | 29,749 |  |  | $ | 29,686 |  |  | $ | — |  |  | $ | 63 |
Fixed rate Canadian Government Bonds | $ | 11,121 |  |  | $ | 11,021 |  |  | $ | — |  |  | $ | 100 |
Total | $ | 40,870 |  |  | $ | 40,707 |  |  | $ | — |  |  | $ | 163 |
Schedule of Inventories | Inventories at the end of the respective fiscal years consisted of the following:
| September 29 2023 |  | September 30 2022
Raw materials | $ | 114,467 |  |  | $ | 166,443 |
Work in process | — |  |  | 230 |
Finished goods | 147,007 |  |  | 81,976 |
| $ | 261,474 |  |  | $ | 248,649 |
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:
| 2023 |  | 2022
Property improvements | $ | 380 |  |  | $ | 586 |
Buildings and improvements | 35,877 |  |  | 33,930 |
Furniture and fixtures, equipment and computer software | 235,522 |  |  | 226,452 |
| 271,779 |  |  | 260,968 |
Less accumulated depreciation | 177,426 |  |  | 171,843 |
| $ | 94,353 |  |  | $ | 89,125 |
Schedule of Goodwill | The changes in the carrying amount and the composition of the Company's goodwill for fiscal 2023 and 2022 were as follows:
|  |  | Fishing |  | Camping |  | Watercraft |  | Diving |  | Total
Balance at October 1, 2021 |  |  |  |  |  |  |  |  |  |
| Goodwill |  | $ | 17,450 |  |  | $ | 7,038 |  |  | $ | 6,242 |  |  | $ | 33,078 |  |  | $ | 63,808 |
| Accumulated impairment losses |  | (6,229) |  |  | (7,038) |  |  | (6,242) |  |  | (33,078) |  |  | (52,587) |
|  |  | 11,221 |  |  | — |  |  | — |  |  | — |  |  | 11,221 |
| Currency translation |  | (61) |  |  | — |  |  | — |  |  | — |  |  | (61) |
Balance at September 30, 2022 |  |  |  |  |  |  |  |  |  |
| Goodwill |  | 17,389 |  |  | 7,038 |  |  | 6,242 |  |  | 33,078 |  |  | 63,747 |
| Accumulated impairment losses |  | (6,229) |  |  | (7,038) |  |  | (6,242) |  |  | (33,078) |  |  | (52,587) |
|  |  | 11,160 |  |  | — |  |  | — |  |  | — |  |  | 11,160 |
| Currency translation |  | 12 |  |  | — |  |  | — |  |  | — |  |  | 12 |
Balance at September 29, 2023 |  |  |  |  |  |  |  |  |  |
| Goodwill |  | 17,401 |  |  | 7,038 |  |  | 6,242 |  |  | 33,078 |  |  | 63,759 |
| Accumulated impairment losses |  | (6,229) |  |  | (7,038) |  |  | (6,242) |  |  | (33,078) |  |  | (52,587) |
|  |  | $ | 11,172 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,172 |
Schedule of Intangible Assets | Intangible assets at the end of the last two years consisted of the following:
| 2023 |  | 2022
| Gross Intangible |  | Accumulated Amortization |  | Net |  | Gross Intangible |  | Accumulated Amortization |  | Net
Amortized other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Patents and trademarks | $ | 4,045 |  |  | $ | (4,041) |  |  | $ | 4 |  |  | $ | 3,959 |  |  | $ | (3,956) |  |  | $ | 3 |
Other amortizable intangibles | 12,769 |  |  | (11,326) |  |  | 1,443 |  |  | 12,137 |  |  | (10,793) |  |  | 1,344 |
Non-amortized trademarks | 7,025 |  |  | — |  |  | 7,025 |  |  | 7,025 |  |  | — |  |  | 7,025 |
| $ | 23,839 |  |  | $ | (15,367) |  |  | $ | 8,472 |  |  | $ | 23,121 |  |  | $ | (14,749) |  |  | $ | 8,372 |
Schedule of Warranty Activity | The following table summarizes the warranty activity for the three years in the period ended September 29, 2023.
Balance at October 2, 2020 | $ | 10,849 |
Expense accruals for warranties issued during the period | 13,112 |
Less current period warranty claims paid | 9,888 |
Balance at October 1, 2021 | $ | 14,073 |
Expense accruals for warranties issued during the period | 4,563 |
Less current period warranty claims paid | 8,997 |
Balance at September 30, 2022 | $ | 9,639 |
Expense accruals for warranties issued during the period | 11,330 |
Less current period warranty claims paid | 9,228 |
Balance at September 29, 2023 | $ | 11,741 |
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 2023, 2022 and 2021 were as follows:
| 2023 |  | 2022 |  | 2021
| 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 | $ | 3,581 |  |  | $ | — |  |  | $ | 3,581 |  |  | $ | 791 |  |  | $ | — |  |  | $ | 791 |  |  | $ | 7,606 |  |  | $ | — |  |  | $ | 7,606 |
Unrealized loss on available-for-sale securities | (163) |  |  | 42 |  |  | (121) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Unamortized loss on pension plans | (276) |  |  | 139 |  |  | (137) |  |  | (321) |  |  | 150 |  |  | (171) |  |  | (386) |  |  | 166 |  |  | (220) |
Accumulated other comprehensive income | $ | 3,142 |  |  | $ | 181 |  |  | $ | 3,323 |  |  | $ | 470 |  |  | $ | 150 |  |  | $ | 620 |  |  | $ | 7,220 |  |  | $ | 166 |  |  | $ | 7,386 |
The changes in AOCI by component, net of tax, for the year ended September 29, 2023 were as follows:
| Foreign Currency Translation Adjustment |  | Unrealized gain (loss) on available-for-sale securities |  | Unamortized Loss on Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2022 | $ | 791 |  |  | $ | — |  |  | $ | (171) |  |  | $ | 620 |
Other comprehensive income before reclassifications | 2,790 |  |  | (163) |  |  | — |  |  | 2,627 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 45 |  |  | 45 |
Tax effects | — |  |  | 42 |  |  | (11) |  |  | 31 |
Balance at September 29, 2023 | $ | 3,581 |  |  | $ | (121) |  |  | $ | (137) |  |  | $ | 3,323 |
The changes in AOCI by component, net of tax, for the year ended September 30, 2022 were as follows:
| Foreign Currency Translation Adjustment |  | Unamortized Loss on Defined Benefit Pension Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance at October 1, 2021 | $ | 7,606 |  |  | $ | (220) |  |  | $ | 7,386 |
Other comprehensive income before reclassifications | (6,815) |  |  | 20 |  |  | (6,795) |
Amounts reclassified from accumulated other comprehensive income | — |  |  | 45 |  |  | 45 |
Tax effects | — |  |  | (16) |  |  | (16) |
Balance at September 30, 2022 | $ | 791 |  |  | $ | (171) |  |  | $ | 620 |
Schedule of Reclassifications Out of AOCI | The reclassifications out of AOCI for the years ended September 29, 2023, September 30, 2022, and October 1, 2021 were as follows:
|  | 2023 |  | 2022 |  | 2021 |  | Statement of Operations Presentation
Unamortized loss on defined benefit pension plans |  |  |  |  |  |  |  |
Amortization of loss |  | $ | 45 |  |  | $ | 45 |  |  | $ | 576 |  |  | Cost of sales / Operating expense
Tax effects |  | (11) |  |  | (11) |  |  | (144) |  |  | Income tax expense
Total reclassifications for the period |  | $ | 34 |  |  | $ | 34 |  |  | $ | 432 |  |  |
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:
| 2023 |  | 2022 |  | 2021
Net income | $ | 19,534 |  |  | $ | 44,491 |  |  | $ | 83,381 |
Less: Undistributed earnings reallocated to non-vested shareholders | (122) |  |  | (174) |  |  | (320) |
Dilutive earnings | $ | 19,412 |  |  | $ | 44,317 |  |  | $ | 83,061 |
Weighted average common shares – Basic: |  |  |  |  |
Class A | 8,968 |  |  | 8,913 |  |  | 8,864 |
Class B | 1,208 |  |  | 1,208 |  |  | 1,212 |
Dilutive stock options and restricted stock units | 19 |  |  | 30 |  |  | 44 |
Weighted average common shares - Dilutive | 10,195 |  |  | 10,151 |  |  | 10,120 |
Net income per common share – Basic: |  |  |  |  |
Class A | $ | 1.93 |  |  | $ | 4.42 |  |  | $ | 8.34 |
Class B | $ | 1.75 |  |  | $ | 4.02 |  |  | $ | 7.57 |
Net income per common share – Diluted: |  |  |  |  |
Class A | $ | 1.90 |  |  | $ | 4.37 |  |  | $ | 8.21 |
Class B | $ | 1.90 |  |  | $ | 4.37 |  |  | $ | 8.21 |

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