XML 31 R2.htm IDEA: XBRL DOCUMENT

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Sep. 29, 2023

Sep. 30, 2022

Oct. 01, 2021

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

As required by the pay versus performance rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and Rule 402(v) of Regulation S-K, we are providing the following information regarding the relationship between “compensation actually paid” to our named executive officers (“NEOs”) and certain of our financial performance metrics for each of the past three fiscal years.

Amounts included as “compensation actually paid” do not represent the value of cash compensation and equity awards actually received by our named executive officers but instead are amounts calculated pursuant to SEC rules and which result in adjustments to the amounts reported above in the summary compensation table. Shareholders should refer to the discussion of our compensation philosophy and programs described above under “Executive Compensation,” including the “Compensation Discussion and Analysis,” for a complete discussion of our compensation programs and their connection to our performance. Our Compensation Committee did not consider the following Pay Versus Performance analysis and disclosures in making compensation decisions with respect to any fiscal year shown below.

Pay Versus Performance Table

The following table sets forth additional compensation information for our CEO and our other Named Executives (Other NEOs) (averaged) along with total shareholder return, net income, and pre-tax income performance results for fiscal 2021, 2022 and 2023.

																Year-end value of $100 invested on 9/30/2020 in:
	Year			Summary Comp. Table Total for Johnson- Leipold, Helen P ($)¹			Comp. Actually Paid to Johnson- Leipold, Helen P ($)^{1, 2}			Average Summary Comp. Table Total for Non-CEO NEOs ($)¹			Average Comp. Actually Paid to Non-CEO NEOs ($)^{1, 2}			Johnson Outdoors ($)			S&P 600 Consumer Discretionary Sector ($)³			Net Income (in millions) ($)			Pre-tax Income (in millions) ($)⁴
	2023			$2,147,751			$1,283,488			$1,226,621			$1,069,711			$66.28			$132.58			$19.53			$25.82
	2022			$2,446,656			($848,899)			$1,121,919			($263,603)			$60.87			$110.44			$44.49			$58.89
	2021			$3,231,701			$6,173,580			$1,393,706			$2,273,959			$128.21			$166.98			$83.38			$112.92

(1)	For 2021, 2022 and 2023 the CEO was Helen P. Johnson-Leipold (Current CEO) and the sole Other NEO was David W. Johnson.

(2)	Compensation actually paid (“CAP”) was determined by making the following adjustments for equity awards:

				2023						2022						2021
				CEO ($)			Average of Other NEOs ($)			CEO ($)			Average of Other NEOs ($)			CEO ($)			Average of Other NEOs ($)
	Summary Compensation Table (“SCT”) Total			$2,147,751			$1,226,621			$2,446,656			$1,121,919			$3,231,701			$1,393,706
	Adjustments:
	Amounts Reported as ‘Stock Awards’ in SCT			($1,149,478)			($524,984)			($ 1,150,005)			($512,451)			($999,969)			($499,940)
	Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end			$ 438,305			$353,972			$413,336			$ 221,066			$1,859,071			$774,544
	Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end			($317,729)			($57,208)			($2,337,138)			($1,056,581)			$2,055,859			$589,028
	Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year			$ 164,639			$ 56,303			($221,748)			($49,684)			$26,918			$9,293
	Addition: Dividends on vesting of restricted stock grants			—			$15,007			—			$12,128			—			$7,328
	Compensation Actually Paid			$1,283,488			$1,069,711			($848,899)			($263,603)			$6,173,580			$2,273,959

Summary Compensation Table amounts reflect the grant date fair values of equity awards. For CAP calculation purposes, adjustments have been made to reflect fair values as of each measurement date. For performance-based restricted stock units, this includes actual and forecasted funding results as of end of each fiscal year as disclosed in the table above.

3

Company and peer group total shareholder return (“TSR”) for each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on September 30, 2020. For purposes of the table, the Company’s peer group is the S&P 600 Consumer Discretionary Sector, as reflected in our stock performance graph in our Annual Report on Form 10-K,which was filed with the Commission on December 8, 2023.

4

Our company-selected measure, which is the measure we believe represents the most important financial performance not otherwise presented in the table above that we use to link compensation actually paid to our NEOs for fiscal 2023 to our performance, is pre-tax income, as discussed in our “Compensation Discussion and Analysis—Components of Executive Compensation—Annual Cash Incentives.”

Company Selected Measure Name

Pre-tax Income

Named Executive Officers, Footnote [Text Block]

(1)	For 2021, 2022 and 2023 the CEO was Helen P. Johnson-Leipold (Current CEO) and the sole Other NEO was David W. Johnson.

Peer Group Issuers, Footnote [Text Block]

3

Company and peer group total shareholder return (“TSR”) for each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on September 30, 2020. For purposes of the table, the Company’s peer group is the S&P 600 Consumer Discretionary Sector, as reflected in our stock performance graph in our Annual Report on Form 10-K,which was filed with the Commission on December 8, 2023.

PEO Total Compensation Amount

$ 2,147,751

$ 2,446,656

$ 3,231,701

PEO Actually Paid Compensation Amount

$ 1,283,488

(848,899)

6,173,580

Adjustment To PEO Compensation, Footnote [Text Block]

(2)	Compensation actually paid (“CAP”) was determined by making the following adjustments for equity awards:

				2023						2022						2021
				CEO ($)			Average of Other NEOs ($)			CEO ($)			Average of Other NEOs ($)			CEO ($)			Average of Other NEOs ($)
	Summary Compensation Table (“SCT”) Total			$2,147,751			$1,226,621			$2,446,656			$1,121,919			$3,231,701			$1,393,706
	Adjustments:
	Amounts Reported as ‘Stock Awards’ in SCT			($1,149,478)			($524,984)			($ 1,150,005)			($512,451)			($999,969)			($499,940)
	Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end			$ 438,305			$353,972			$413,336			$ 221,066			$1,859,071			$774,544
	Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end			($317,729)			($57,208)			($2,337,138)			($1,056,581)			$2,055,859			$589,028
	Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year			$ 164,639			$ 56,303			($221,748)			($49,684)			$26,918			$9,293
	Addition: Dividends on vesting of restricted stock grants			—			$15,007			—			$12,128			—			$7,328
	Compensation Actually Paid			$1,283,488			$1,069,711			($848,899)			($263,603)			$6,173,580			$2,273,959

Non-PEO NEO Average Total Compensation Amount

$ 1,226,621

1,121,919

1,393,706

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,069,711

(263,603)

2,273,959

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

(2)	Compensation actually paid (“CAP”) was determined by making the following adjustments for equity awards:

				2023						2022						2021
				CEO ($)			Average of Other NEOs ($)			CEO ($)			Average of Other NEOs ($)			CEO ($)			Average of Other NEOs ($)
	Summary Compensation Table (“SCT”) Total			$2,147,751			$1,226,621			$2,446,656			$1,121,919			$3,231,701			$1,393,706
	Adjustments:
	Amounts Reported as ‘Stock Awards’ in SCT			($1,149,478)			($524,984)			($ 1,150,005)			($512,451)			($999,969)			($499,940)
	Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end			$ 438,305			$353,972			$413,336			$ 221,066			$1,859,071			$774,544
	Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end			($317,729)			($57,208)			($2,337,138)			($1,056,581)			$2,055,859			$589,028
	Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year			$ 164,639			$ 56,303			($221,748)			($49,684)			$26,918			$9,293
	Addition: Dividends on vesting of restricted stock grants			—			$15,007			—			$12,128			—			$7,328
	Compensation Actually Paid			$1,283,488			$1,069,711			($848,899)			($263,603)			$6,173,580			$2,273,959

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The charts shown below present a graphical comparison of compensation actually paid to our CEO and the average compensation actually paid to our Other NEOs set forth in the Pay Versus Performance Table above, as compared against the following performance measures: our (1) TSR, (2) peer group TSR, (3) net income, and (4) pre-tax income. The chart reflecting our TSR and peer group TSR also provide a comparison of our TSR to the peer group TSR for the three-year period.

Total shareholder return in the first chart below, in the case of both the Company and our peer group, reflects the cumulative return of $100 as if invested on September 30, 2020, including reinvestment of dividends.

Compensation Actually Paid vs. Net Income [Text Block]

The charts shown below present a graphical comparison of compensation actually paid to our CEO and the average compensation actually paid to our Other NEOs set forth in the Pay Versus Performance Table above, as compared against the following performance measures: our (1) TSR, (2) peer group TSR, (3) net income, and (4) pre-tax income. The chart reflecting our TSR and peer group TSR also provide a comparison of our TSR to the peer group TSR for the three-year period.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

The charts shown below present a graphical comparison of compensation actually paid to our CEO and the average compensation actually paid to our Other NEOs set forth in the Pay Versus Performance Table above, as compared against the following performance measures: our (1) TSR, (2) peer group TSR, (3) net income, and (4) pre-tax income. The chart reflecting our TSR and peer group TSR also provide a comparison of our TSR to the peer group TSR for the three-year period.

Total Shareholder Return Vs Peer Group [Text Block]

The charts shown below present a graphical comparison of compensation actually paid to our CEO and the average compensation actually paid to our Other NEOs set forth in the Pay Versus Performance Table above, as compared against the following performance measures: our (1) TSR, (2) peer group TSR, (3) net income, and (4) pre-tax income. The chart reflecting our TSR and peer group TSR also provide a comparison of our TSR to the peer group TSR for the three-year period.

Total shareholder return in the first chart below, in the case of both the Company and our peer group, reflects the cumulative return of $100 as if invested on September 30, 2020, including reinvestment of dividends.

Tabular List [Table Text Block]

Most Important Performance Measures for 2023¹

As described in greater detail in this Proxy Statement, the Company’s executive compensation programs reflect a pay-for-performance philosophy. The metrics that the Company uses for both long-term and short-term incentive awards are selected generally based on an objective of incentivizing our NEOs to increase the value of the Company for our shareholders and to align compensation with our strategic goals for the Company. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows

	Pre-tax income
	Net sales
	Operating profit
	Return on invested capital

1	See “Compensation Discussion and Analysis—Components of Executive Compensation” for additional discussion.

Total Shareholder Return Amount

$ 66.28

60.87

128.21

Peer Group Total Shareholder Return Amount

132.58

110.44

166.98

Net Income (Loss)

$ 19,530,000

$ 44,490,000

$ 83,380,000

Company Selected Measure Amount

25,820,000

58,890,000

112,920,000

Helen P. Johnson-Leipold

Helen P. Johnson-Leipold

Helen P. Johnson-Leipold

Measure [Axis]: 1

Pay vs Performance Disclosure [Table]

Pre-tax income

Measure [Axis]: 2

Pay vs Performance Disclosure [Table]

Net sales

Measure [Axis]: 3

Pay vs Performance Disclosure [Table]

Operating profit

Measure [Axis]: 4

Pay vs Performance Disclosure [Table]

Return on invested capital

PEO [Member] | Amounts Reported as 'Stock Awards' in SCT [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

$ (1,149,478)

$ (1,150,005)

$ (999,969)

PEO [Member] | Fair Value at Year-end of Awards Granted During the Covered Fiscal Year that are Outstanding and Unvested at Year-end [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

438,305

413,336

1,859,071

PEO [Member] | Year-over-year Change in Fair Value of Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at Year End [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(317,729)

(2,337,138)

2,055,859

PEO [Member] | Change as of the Vesting Date (From the End of the Prior Fiscal Year) in Fair Value of Awards Granted in Any Prior Fiscal Year for Which Vesting Conditions Were Satisfied During Such Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

164,639

(221,748)

26,918

PEO [Member] | Dividends on Vesting of Restricted Stock Grants [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

0

0

0

Non-PEO NEO [Member] | Amounts Reported as 'Stock Awards' in SCT [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(524,984)

(512,451)

(499,940)

Non-PEO NEO [Member] | Fair Value at Year-end of Awards Granted During the Covered Fiscal Year that are Outstanding and Unvested at Year-end [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

353,972

221,066

774,544

Non-PEO NEO [Member] | Year-over-year Change in Fair Value of Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at Year End [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(57,208)

(1,056,581)

589,028

Non-PEO NEO [Member] | Change as of the Vesting Date (From the End of the Prior Fiscal Year) in Fair Value of Awards Granted in Any Prior Fiscal Year for Which Vesting Conditions Were Satisfied During Such Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

56,303

(49,684)

9,293

Non-PEO NEO [Member] | Dividends on Vesting of Restricted Stock Grants [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

$ 15,007

$ 12,128

$ 7,328