XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENTS OF BUSINESS
 3 Months Ended
Dec. 27, 2024
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. 

The Company has historically reported "Camping" and "Watercraft Recreation" segments separately. As of December 27, 2024, the Company combined these two segments into one segment, "Camping & Watercraft Recreation", consistent with the manner in which its chief operating decision maker ("CODM") assesses performance and makes resource allocations. The operating segment change was for financial reporting purposes only and did not impact or result in changes to operations of the business segments, nor did it impact the Company's consolidated financial statements, but it did impact our previous segment footnote disclosure and the table below, including the corresponding items of segment information in prior year.

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   
December 27, 2024December 29, 2023September 27, 2024
Net sales:       
Fishing:       
Unaffiliated customers$82,433 $110,361   
Interunit transfers39 131   
Camping & Watercraft Recreation:
      
Unaffiliated customers9,443 10,683   
Interunit transfers8 43   
Diving      
Unaffiliated customers15,680 17,474   
Interunit transfers4 4   
Other / Corporate93 126   
Eliminations(51)(178)  
Total$107,649 $138,644   
Operating profit (loss):        
Fishing$(8,261)$11,529   
Camping & Watercraft Recreation:
(646)(1,720)  
Diving(908)(578)  
Other / Corporate(10,424)(9,185)  
 $(20,239)$46   
Total assets (end of period):      
Fishing$341,990 $407,992 $325,882 
Camping & Watercraft Recreation:
69,383 75,074 69,516
Diving90,543 83,334 77,465
Other / Corporate110,952 126,283 162,349
 $612,868 $692,683 $635,212 
Other Segment Information
During the three month periods ended December 27, 2024 and December 29, 2023, two customers of the Company's Fishing and Camping & Watercraft Recreation segments each accounted for more than 10% of the Company's consolidated revenues, which amounted to combined net sales of approximately $32,875 and $54,147, respectively, of the Company's consolidated revenues.

During the first quarter of fiscal 2024, the Fishing segment of the Company sold a building, which resulted in a gain of approximately $1,900, which was recorded in Other income, net in the accompanying Condensed Consolidated Statements of Operations.