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STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS | 9 Months Ended
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Jun. 27, 2025
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS | STOCK-BASED COMPENSATION AND STOCK OWNERSHIP PLANS The Company’s current stock ownership plans allow for issuance of stock options to acquire shares of Class A common stock by key executives and non-employee directors. Current plans also allow for issuance of shares of restricted stock, restricted stock units or stock appreciation rights in lieu of stock options. Under the Company’s 2023 Non-Employee Director Stock Ownership Plan and the 2020 Long-Term Incentive Plan (the only plans where shares currently remain available for future equity incentive awards) there were a total of 284,109 shares of the Company’s Class A common stock available for future grant to non-employee directors and key executives at June 27, 2025. Share awards previously made under the Company's 2012 Non-Employee Director Stock Ownership Plan, which no longer allow for additional share grants, also remain outstanding. Non-vested Stock All shares of non-vested restricted stock awarded by the Company have been granted in the form of shares of Class A common stock at their fair market value on the date of grant and vest within one year from the date of grant for stock granted to directors and within a period ranging from one to four years from the date of grant for stock granted to officers and employees, based on the terms of the agreement with such officer or employee. The fair value at date of grant is based on the number of shares granted and the average of the Company’s high and low Class A common stock price on the date of grant or, if the Company’s Class A shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock price on the last preceding date on which the Company’s Class A shares traded. A summary of non-vested stock activity for the nine months ended June 27, 2025 related to the Company’s stock ownership plans is as follows:
| Shares | Weighted Average Grant Price
Non-vested stock at September 27, 2024 | 56,389 |  | $ | 59.69 |
Non-vested stock grants | 67,312 |  | 30.20 |
Restricted stock vested | (24,357) |  | 54.60 |
Forfeitures | (3,690) |  | 54.20 |
Non-vested stock at June 27, 2025 | 95,654 |  | 40.44 |
Non-vested stock grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of shares by tendering a portion of the vested shares back to the Company. Shares tendered back to the Company were 1,609 and 2,330 during the nine month periods ended June 27, 2025 and June 28, 2024, respectively. Stock compensation expense, net of forfeitures, related to non-vested stock was $462 and $398 for the three month periods ended June 27, 2025 and June 28, 2024, respectively, and $1,278 and $1,148 for the nine month periods ended June 27, 2025 and June 28, 2024, respectively. Unrecognized compensation cost related to non-vested stock as of June 27, 2025 was $1,907, which amount will be amortized to expense through December 2027 or adjusted for changes in future estimated or actual forfeitures. The fair value of restricted stock vested during the nine month periods ended June 27, 2025 and June 28, 2024 was $690 and $964, respectively. Restricted Stock Units All restricted stock units (RSUs) awarded by the Company have been granted in the form of units payable in shares of Class A common stock upon vesting. The units are valued at the fair market value of a share of Class A common stock on the date of grant and vest within one year from the date of grant for RSUs granted to directors, and subject to satisfaction of applicable performance criteria, three years from the date of grant for RSUs granted to employees. The fair value at the date of grant is based on the number of units granted and the average of the Company’s high and low Class A common stock trading price on the date of grant or, if the Company’s Class A shares did not trade on the date of grant, the average of the Company’s high and low Class A common stock trading price on the last preceding date on which the Company’s Class A shares traded. A summary of RSU activity for the nine months ended June 27, 2025 follows:
| Number of RSUs | Weighted Average Grant Price
RSUs at September 27, 2024 | 84,192 |  | $ | 64.58 |
RSUs granted | 57,792 |  | 33.14 |
RSUs vested and canceled due to performance targets not being met | (17,041) |  | 101.22 |
RSU's forfeited | (3,690) |  | 54.20 |
RSUs at June 27, 2025 | 121,253 |  | 44.76 |
The Company recognized income related to RSUs of $660 and $384 for the three and nine month periods ended June 27, 2025, respectively, as a result of reversing compensation expense previously recognized, due to an expectation that performance conditions wouldn't be met for certain awards. The Company recognized expense of $201 and income of $239 related to RSUs for the three and nine month periods ended June 28, 2024, respectively. Unrecognized compensation cost related to non-vested RSUs as of June 27, 2025 was $542, which amount will be amortized to expense through September 2027 or adjusted for changes in future estimated or actual forfeitures. RSU grantees may elect to reimburse the Company for withholding taxes due as a result of the vesting of units and issuance of unrestricted shares of Class A common stock by tendering a portion of such unrestricted shares back to the Company. Because performance criteria was not met, the RSUs expiring in the nine month period ended June 27, 2025 were canceled so shares tendered back to the Company for this purpose were 0 during the nine month period ended June 27, 2025. Shares tendered back to the Company for the reimbursement of withholding taxes were 2,331 during the nine month period ended June 28, 2024. The fair value of restricted stock units recognized as a tax deduction during the nine month periods ended June 27, 2025 and June 28, 2024 was $0 and $1,171, respectively. Compensation expense related to units earned by employees (as opposed to grants to outside directors) is based upon the attainment of certain Company financial goals related to cumulative net sales and cumulative operating profit over a three-year performance period. Awards are only paid if at least 80% of the target levels are met, and maximum payouts are made if 120% or more of target levels are achieved. The payouts for achievement at the threshold levels of performance are equal to 50% of the target award amount. The payouts for achievement at maximum levels of performance are equal to 150% of the target award amount, which payout level was increased to 200% of the target award amount for the RSU awards issued to employees for the fiscal 2025 – 2027 performance period. To the extent earned, awards are issued in shares of Company Class A common stock after the end of the three-year performance period. Employees’ Stock Purchase Plan The Company’s shareholders previously adopted the Johnson Outdoors Inc. 2009 Employees’ Stock Purchase Plan, which was most recently amended on March 2, 2017, but was terminated effective as of May 9, 2025. Prior to termination, this plan provided for the issuance of shares of Class A common stock at a purchase price of not less than 85% of the fair market value of such shares on the date of grant or on the date of purchase, whichever is lower. During the three month period ended June 27, 2025, the Company issued 6,203 shares of Class A common stock and recognized $86 of income in connection with the Employees' Stock Purchase Plan. During the nine month period ended June 27, 2025, the Company issued 6,203 shares of Class A common stock and recognized $79 of expense in connection with the Employees' Stock Purchase Plan. During the three month period ended June 28, 2024, the Company issued 4,937 shares of Class A common stock and recognized $25 of expense in connection with this plan. During the nine month period ended June 28, 2024, the Company issued 4,937 shares of Class A common stock and recognized $83 of expense in connection with this plan.

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