The Company was incorporated in Wisconsin in 1987 as successor to various businesses. These brands are manufactured at the Company's facility in Old Town, Maine. In such cases, the trading price of our common stock could decline. Trade secrets, however, are difficult to protect. We are dependent upon certain key members of management. These people are in high demand and often have competing employment opportunities. More tariff changes are also possible. We are subject to environmental, safety and human rights regulations. Deteriorating industry conditions can adversely affect our supply base. Our business is susceptible to adverse weather conditions or events. Operating Expenses Operating expenses increased from the prior year by $7,941. Camping net sales increased $2,609, or 7%, in 2019 from 2018. Additionally, investment in marketing support further increased expenses year over year. The Company's investment policy generally requires securities to be investment grade. In 2018, dividend payments totaled $4,350. Actual results may differ from these estimates under different assumptions or conditions. Fair value is estimated using a discounted cash flow analysis. All of these plans have been approved by the Company's shareholders. Filed as Exhibit 4.2 to the Company's Form S-8 Registration Statement No. 10.11+Johnson Outdoors Inc. 2012 Non-Employee Director Stock Ownership Plan. ( The fiscal year ended October 2, 2020 (hereinafter 2020) comprised 53 weeks. Cash equivalents are stated at cost which approximates market value. The allowance for doubtful accounts is based on a combination of factors. See Note 6 of these Notes to Consolidated Financial Statements for further discussion. The Company does not have any significant foreign retirement plans. Other retirement costs are funded at least annually. Results of operations are translated at monthly average exchange rates. The ASU allows for early adoption in any interim period after issuance of the update. The Company adopted this standard at the beginning of the first quarter of fiscal 2018. In 2020 and 2019, these amounts were recorded as a component of income tax expense. The Company does not have contracts which are satisfied over time. F-37 EX-21 2 brhc10017534_ex21.htm EXHIBIT 21 EXHIBIT 21 JOHNSON OUTDOORS INC. I have reviewed this Annual Report on Form 10-K of Johnson Outdoors Inc.; 2. ^NDHH YO\\ X0/2/^?SQ!_X4H?_\'Z/^$#TC_G\\\\0?^%\'J\' M_P ? KI** .6\\"0;_# M,BRW%W-Y.IZC CS74DC[([V9$!9F);"J!DDGBBI? ?\\ H_P"$#TC_ )_/$\'_A1ZA_\\?H Z2BN M;_X0/2/^?SQ!_P"%\'J\'_ ,? 3_P#R\'0!TE%\'_ /P?3_\\ R\'1]N\\;_ /0O\'__ M ? 3_P#R M\'0!J:UHMGK^F26.H1[HVY5A]Y&[,#V-)Y-UFW_ ! 1110 445E(/$%OX?LEFN%:1Y#MCC4X+\'OSV\'^-., MSQ!_X4H?_\'Z/^$#TC_G\\\\0?^%\'J\'_Q^NDHH YO3]!M-$\\56_P!BFU"7SK*?