Wisconsin
(State
or other jurisdiction of
incorporation
or organization)
|
39-1536083
(I.R.S.
Employer Identification No.)
|
Index
|
Page
No.
|
|||
PART
I
|
FINANCIAL
INFORMATION
|
|||
Item
1.
|
Financial
Statements
|
|||
|
1
|
|||
|
2
|
|||
Condensed
Consolidated Statements of Cash
Flows - Six months ended March 30, 2007 and March 31,
2006
|
3
|
|||
|
4
|
|||
Item
2.
|
|
11
|
||
Item
3.
|
|
19
|
||
Item
4.
|
|
19
|
||
PART
II
|
OTHER
INFORMATION
|
|||
Item
4.
|
|
20
|
||
Item
6.
|
|
20
|
||
|
21
|
|||
|
22
|
(thousands,
except per share data)
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||
March
30
2007
|
March
31
2006
|
March
30
2007
|
March
31
2006
|
||||||||||
Net
sales
|
$
|
122,124
|
$
|
107,374
|
$
|
193,824
|
$
|
179,937
|
|||||
Cost
of sales
|
75,039
|
63,033
|
118,258
|
106,167
|
|||||||||
Gross
profit
|
47,085
|
44,341
|
75,566
|
73,770
|
|||||||||
Operating
expenses:
|
|||||||||||||
Marketing
and selling
|
27,721
|
24,435
|
47,466
|
42,725
|
|||||||||
Administrative
management, finance
and
information systems
|
11,075
|
7,885
|
19,140
|
16,643
|
|||||||||
Research
and development
|
3,259
|
2,833
|
6,145
|
5,494
|
|||||||||
Profit
sharing
|
959
|
917
|
1,384
|
1,448
|
|||||||||
Total
operating expenses
|
43,014
|
36,070
|
74,135
|
66,310
|
|||||||||
Operating
profit
|
4,071
|
8,271
|
1,431
|
7,460
|
|||||||||
Interest
income
|
(189
|
)
|
(134
|
)
|
(359
|
)
|
(222
|
)
|
|||||
Interest
expense
|
1,533
|
1,352
|
2,556
|
2,342
|
|||||||||
Other
(income) expense, net
|
(131
|
)
|
222
|
(130
|
)
|
293
|
|||||||
Income
(loss) before income taxes
|
2,858
|
6,831
|
(636
|
)
|
5,047
|
||||||||
Income
tax expense (benefit)
|
1,265
|
2,657
|
(117
|
)
|
1,968
|
||||||||
Net
income (loss)
|
$
|
1,593
|
$
|
4,174
|
$
|
(519
|
)
|
$
|
3,079
|
||||
Basic
earnings (loss) per common share
|
$
|
0.18
|
$
|
0.46
|
$
|
(0.06
|
)
|
$
|
0.34
|
||||
Diluted earnings (loss) per common share | $ | 0.17 | $ | 0.46 | $ | (0.06 | ) | $ | 0.34 |
(thousands,
except share data)
|
March
30
2007
(unaudited)
|
|
September
29
2006
(audited)
|
|
March
31
2006
(unaudited)
|
|
||||
ASSETS
|
||||||||||
Current
assets:
|
||||||||||
Cash
and temporary cash investments
|
$
|
36,738
|
$
|
51,689
|
$
|
31,710
|
||||
Accounts
receivable, less allowance for doubtful accounts of
$2,576,
$2,318 and $2,684, respectively
|
111,861
|
52,844
|
99,367
|
|||||||
Inventories,
net
|
93,227
|
63,828
|
73,664
|
|||||||
Deferred
income taxes
|
9,828
|
9,462
|
8,333
|
|||||||
Other
current assets
|
10,271
|
7,074
|
6,784
|
|||||||
Total
current assets
|
261,925
|
184,897
|
219,858
|
|||||||
Property,
plant and equipment, net
|
33,233
|
31,600
|
30,773
|
|||||||
Deferred
income taxes
|
14,526
|
14,576
|
19,657
|
|||||||
Goodwill
|
44,636
|
42,947
|
42,209
|
|||||||
Intangible
assets, net
|
4,548
|
4,590
|
3,920
|
|||||||
Other
assets
|
6,117
|
5,616
|
4,970
|
|||||||
Total
assets
|
$
|
364,985
|
$
|
284,226
|
$
|
321,387
|
||||
LIABILITIES
AND SHAREHOLDERS' EQUITY
|
||||||||||
Current
liabilities:
|
||||||||||
Short-term
notes payable
|
$
|
72,000
|
$
|
—
|
$
|
39,000
|
||||
Current
maturities of long-term debt
|
10,801
|
17,000
|
17,000
|
|||||||
Accounts
payable
|
38,668
|
17,506
|
27,525
|
|||||||
Accrued
liabilities:
|
||||||||||
Salaries,
wages and benefits
|
13,181
|
16,577
|
14,060
|
|||||||
Accrued
discounts and returns
|
7,131
|
5,047
|
4,972
|
|||||||
Accrued
interest payable
|
865
|
1,118
|
886
|
|||||||
Income
taxes payable
|
160
|
1,258
|
2,004
|
|||||||
Other
|
18,898
|
16,144
|
17,903
|
|||||||
Total
current liabilities
|
161,704
|
74,650
|
123,350
|
|||||||
Long-term
debt, less current maturities
|
10,005
|
20,807
|
20,800
|
|||||||
Other
liabilities
|
8,789
|
7,888
|
7,897
|
|||||||
Total
liabilities
|
180,498
|
103,345
|
152,047
|
|||||||
Shareholders’
equity:
|
||||||||||
Preferred
stock: none issued
|
—
|
—
|
—
|
|||||||
Common
stock:
|
||||||||||
Class
A shares issued:
March
30, 2007, 7,931,976;
September
29, 2006, 7,858,800;
March
31, 2006, 7,868,440
|
397
|
393
|
393
|
|||||||
Class
B shares issued (convertible into Class A):
March
30, 2007, 1,217,977;
September
29, 2006, 1,217,977;
March
31, 2006, 1,218,822
|
61
|
61
|
61
|
|||||||
Capital
in excess of par value
|
56,236
|
55,459
|
55,113
|
|||||||
Retained
earnings
|
117,496
|
118,015
|
112,379
|
|||||||
Accumulated
other comprehensive income
|
10,297
|
6,953
|
1,394
|
|||||||
Total
shareholders’ equity
|
184,487
|
$
|
180,881
|
169,340
|
||||||
Total
liabilities and shareholders’ equity
|
$
|
364,985
|
$
|
284,226
|
$
|
321,387
|
(thousands)
|
Six
Months Ended
|
||||||
March
30
2007
|
March
31
2006
|
||||||
CASH
USED FOR OPERATING ACTIVITIES
|
|||||||
Net
income (loss)
|
$
|
(519
|
)
|
$
|
3,079
|
||
Adjustments
to reconcile net income (loss) to net cash used for
operating
activities:
|
|||||||
Depreciation
|
4,432
|
4,649
|
|||||
Amortization
of intangible assets
|
50
|
45
|
|||||
Amortization
of deferred financing costs
|
88
|
91
|
|||||
Stock
based compensation
|
358
|
383
|
|||||
Deferred
income taxes
|
(316
|
)
|
(222
|
)
|
|||
Change
in operating assets and liabilities, net of effect of
businesses
acquired or sold:
|
|||||||
Accounts
receivable, net
|
(58,127
|
)
|
(50,074
|
)
|
|||
Inventories,
net
|
(28,134
|
)
|
(18,226
|
)
|
|||
Accounts
payable and accrued liabilities
|
20,449
|
11,778
|
|||||
Other,
net
|
(2,606
|
)
|
(4,020
|
)
|
|||
(64,325
|
)
|
(52,517
|
)
|
||||
CASH
USED FOR INVESTING ACTIVITIES
|
|||||||
Payments
for purchase of business
|
(1,503
|
)
|
(9,863
|
)
|
|||
Additions
to property, plant and equipment
|
(5,739
|
)
|
(3,974
|
)
|
|||
(7,242
|
)
|
(13,837
|
)
|
||||
CASH
PROVIDED BY FINANCING ACTIVITIES
|
|||||||
Net
borrowings from short-term notes payable
|
72,000
|
39,000
|
|||||
Principal
payments on senior notes and other long-term debt
|
(17,001
|
)
|
(13,000
|
)
|
|||
Excess
tax benefits from stock based compensation
|
4
|
5
|
|||||
Common
stock transactions
|
443
|
11
|
|||||
55,446
|
26,016
|
||||||
Effect
of foreign currency fluctuations on cash
|
1,170
|
(63
|
)
|
||||
Decrease
in cash and temporary cash investments
|
(14,951
|
)
|
(40,401
|
)
|
|||
CASH
AND TEMPORARY CASH INVESTMENTS
|
|||||||
Beginning
of period
|
51,689
|
72,111
|
|||||
End
of period
|
$
|
36,738
|
$
|
31,710
|
|
|
||||||||||||
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||
March
30
2007
|
March
31
2006
|
March
30
2007
|
March
31
2006
|
||||||||||
Net
income (loss)
|
$
|
1,593
|
$
|
4,174
|
$
|
(519
|
)
|
$
|
3,079
|
||||
Weighted
average common shares - Basic
|
9,028,063
|
8,983,002
|
9,016,840
|
8,980,160
|
|||||||||
Dilutive
stock options and restricted stock
|
153,231
|
144,079
|
—
|
154,912
|
|||||||||
Weighted
average common shares - diluted
|
9,181,294
|
9,127,081
|
9,016,840
|
9,135,072
|
|||||||||
Basic
earnings (loss) per common share
|
$
|
0.18
|
$
|
0.46
|
$
|
(0.06
|
)
|
$
|
0.34
|
||||
Diluted
earnings (loss) per common share
|
$
|
0.17
|
$
|
0.46
|
$
|
(0.06
|
)
|
$
|
0.34
|
|
|
|
||
Shares
|
Weighted
Average
Exercise
Price
|
Weighted
Average
Remaining
Contractual
Term
(Years)
|
Aggregate
Intrinsic
Value
|
|
Outstanding
at September 29, 2006
|
332,533
|
$
9.03
|
||
Exercised
|
38,690
|
11.45
|
||
Outstanding
and exercisable at March 30, 2007
|
293,843
|
$
8.71
|
3.5
|
$
2,913
|
|
|
||||||
|
Shares
|
Weighted
Average
Grant
Price
|
|||||
Unvested
restricted stock at September 29, 2006
|
76,120
|
$
|
16.88
|
||||
Restricted
stock grants
|
41,982
|
18.41
|
|||||
Restricted
stock vested
|
(6,850
|
)
|
18.25
|
||||
Restricted
stock canceled
|
(7,496
|
)
|
17.35
|
||||
Unvested
restricted stock at March 30, 2007
|
103,756
|
$
|
17.38
|
|
|
||||||||||||
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||
|
March 30
2007
|
March
31
2006
|
March
30
2007
|
March
31
2006
|
|||||||||
Components
of net periodic benefit cost:
|
|||||||||||||
Service
cost
|
$
|
176
|
$
|
157
|
$
|
352
|
$
|
314
|
|||||
Interest
on projected benefit obligation
|
231
|
235
|
463
|
470
|
|||||||||
Less
estimated return on plan assets
|
218
|
206
|
436
|
412
|
|||||||||
Amortization
of unrecognized:
|
|||||||||||||
Net
loss
|
67
|
28
|
134
|
56
|
|||||||||
Prior
service cost
|
2
|
6
|
4
|
12
|
|||||||||
Transition
asset
|
—
|
—
|
(1
|
)
|
—
|
||||||||
Net
amount recognized
|
$
|
258
|
$
|
220
|
$
|
516
|
$
|
440
|
|
||||||||||
|
March
30
2007
|
September
29
2006
|
March
31
2006
|
|||||||
Raw
materials
|
$
|
38,164
|
$
|
24,895
|
$
|
28,334
|
||||
Work
in process
|
3,569
|
4,194
|
3,234
|
|||||||
Finished
goods
|
55,215
|
38,185
|
44,766
|
|||||||
96,948
|
67,274
|
76,334
|
||||||||
Less
reserves
|
3,721
|
3,446
|
2,670
|
|||||||
$
|
93,227
|
$
|
63,828
|
$
|
73,664
|
|
March
30
2007
|
March
31
2006
|
|||||
Balance
at beginning of period
|
$
|
3,844
|
$
|
3,287
|
|||
Expense
accruals for warranties issued during the period
|
2,463
|
1,673
|
|||||
Warranty
accruals assumed
|
—
|
100
|
|||||
Less
current period warranty claims paid
|
1,766
|
1,700
|
|||||
Balance
at end of period
|
$
|
4,541
|
$
|
3,360
|
|
|||||||||||||
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||
|
March
30
2007
|
March
31
2006
|
March
30
2007
|
March
31
2006
|
|||||||||
Net
income (loss)
|
$
|
1,593
|
$
|
4,174
|
$
|
(519
|
)
|
$
|
3,079
|
||||
Translation
adjustments
|
951
|
926
|
3,344
|
(608
|
)
|
||||||||
Comprehensive
income
|
$
|
2,544
|
$
|
5,100
|
$
|
2,825
|
$
|
2,471
|
|
Three Months Ended |
Six
Months Ended
|
|||||||||||
|
March
30
2007
|
March
31
2006
|
March
30
2007
|
March
31
2006
|
|||||||||
Net
sales:
|
|||||||||||||
Marine
electronics:
|
|||||||||||||
Unaffiliated
customers
|
$
|
64,429
|
$
|
51,554
|
$
|
93,886
|
$
|
81,520
|
|||||
Interunit
transfers
|
109
|
18
|
118
|
26
|
|||||||||
Outdoor
equipment:
|
|||||||||||||
Unaffiliated
customers
|
15,565
|
18,505
|
29,248
|
33,021
|
|||||||||
Interunit
transfers
|
19
|
9
|
26
|
16
|
|||||||||
Watercraft:
|
|||||||||||||
Unaffiliated
customers
|
22,703
|
20,195
|
34,432
|
32,456
|
|||||||||
Interunit
transfers
|
26
|
49
|
38
|
72
|
|||||||||
Diving:
|
|||||||||||||
Unaffiliated
customers
|
19,360
|
17,031
|
36,137
|
32,772
|
|||||||||
Interunit
transfers
|
170
|
88
|
312
|
165
|
|||||||||
Other/Corporate
|
67
|
89
|
121
|
168
|
|||||||||
Eliminations
|
(324
|
)
|
(164
|
)
|
(494
|
)
|
(279
|
)
|
|||||
$
|
122,124
|
$
|
107,374
|
$
|
193,824
|
$
|
179,937
|
||||||
Operating
profit:
|
|||||||||||||
Marine
electronics
|
$
|
8,804
|
$
|
8,445
|
$
|
9,008
|
$
|
10,861
|
|||||
Outdoor
equipment
|
1,232
|
2,970
|
2,875
|
4,618
|
|||||||||
Watercraft
|
(501
|
)
|
(1,140
|
)
|
(2,894
|
)
|
(3,631
|
)
|
|||||
Diving
|
125
|
969
|
755
|
1,035
|
|||||||||
Other/Corporate
|
(5,589
|
)
|
(2,973
|
)
|
(8,313
|
)
|
(5,423
|
)
|
|||||
$
|
4,071
|
$
|
8,271
|
$
|
1,431
|
$
|
7,460
|
||||||
Total
assets (end of period):
|
|||||||||||||
Marine
electronics
|
$
|
133,719
|
$
|
99,112
|
|||||||||
Outdoor
equipment
|
28,727
|
33,917
|
|||||||||||
Watercraft
|
78,521
|
70,171
|
|||||||||||
Diving
|
105,768
|
93,594
|
|||||||||||
Other/Corporate
|
18,250
|
24,593
|
|||||||||||
$
|
364,985
|
$
|
321,387
|
§
|
Marine
Electronics revenues rose 25.0% above last year due to a favorable
reception to new products across all brands in what has become one
of the
world’s leading marine electronic fishing system portfolios.
|
§
|
Watercraft
sales were 12.4% ahead of last year led by strong performances across
the
entire paddle sport brand portfolio. Key international markets showed
solid double-digit growth year-over-year led by market and distribution
expansion in Europe.
|
§
|
Diving
revenues increased 14.0% based on the strong performance of the SCUBAPRO®
brand in key developing international markets and on favorable currency
translation. Excluding the impact of currency, Diving revenues would
have
grown 9.0% compared with the previous quarter.
|
§
|
Outdoor
Equipment revenues were down 15.7% due to the continued expected
slowing
of military sales, declining 25.2% versus the prior year
quarter.
|
§
|
Successful
new product launches in Marine Electronics, particularly Humminbird® and
Cannon® brands which posted double-digit revenue growth during the
six-month period.
|
§
|
Strong
demand behind new paddle sport product launches and international
market
expansion in Watercraft.
|
§
|
Growth
in SCUBAPRO® brand sales in Europe, Asia and developing markets, as well
as favorable currency translation which added 4.9% to year-to-date
revenues in Diving.
|
Year
Ended
|
|||||||||||||||||||
|
September
29, 2006
|
September
30, 2005
|
October
1, 2004
|
||||||||||||||||
Quarter
Ended
|
Net
Sales
|
Operating
Profit
(Loss
|
)
|
Net
Sales
|
Operating
Profit
(Loss
|
)
|
Net
Sales
|
Operating
Profit
(Loss
|
)
|
||||||||||
December
|
19
|
%
|
(4
|
)%
|
20
|
%
|
—
|
%
|
18
|
%
|
7
|
%
|
|||||||
March
|
27
|
40
|
28
|
54
|
27
|
45
|
|||||||||||||
June
|
34
|
67
|
32
|
76
|
34
|
72
|
|||||||||||||
September
|
20
|
(3
|
)
|
20
|
(30
|
)
|
21
|
(24
|
)
|
||||||||||
100
|
%
|
100
|
%
|
100
|
%
|
100
|
%
|
100
|
%
|
100
|
%
|
(millions)
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||
|
March
30
2007
|
March
31
2006
|
March
30
2007
|
March
31
2006
|
|||||||||
Net
sales:
|
|||||||||||||
Marine
electronics
|
$
|
64.5
|
$
|
51.6
|
$
|
94.0
|
$
|
81.5
|
|||||
Outdoor
equipment
|
15.6
|
18.5
|
29.2
|
33.0
|
|||||||||
Watercraft
|
22.7
|
20.2
|
34.5
|
32.5
|
|||||||||
Diving
|
19.5
|
17.1
|
36.4
|
32.9
|
|||||||||
Other/eliminations
|
(0.2
|
)
|
—
|
(0.3
|
)
|
—
|
|||||||
Total
|
$
|
122.1
|
$
|
107.4
|
$
|
193.8
|
$
|
179.9
|
|||||
Operating
profit:
|
|||||||||||||
Marine
electronics
|
$
|
8.8
|
$
|
8.4
|
$
|
9.0
|
$
|
10.9
|
|||||
Outdoor
equipment
|
1.2
|
3.0
|
2.9
|
4.6
|
|||||||||
Watercraft
|
(0.5
|
)
|
(1.1
|
)
|
(2.9
|
)
|
(3.6
|
)
|
|||||
Diving
|
0.1
|
1.0
|
0.8
|
1.0
|
|||||||||
Other/eliminations
|
(5.5
|
)
|
(3.0
|
)
|
(8.4
|
)
|
(5.4
|
)
|
|||||
Total
|
$
|
4.1
|
$
|
8.3
|
$
|
1.4
|
$
|
7.5
|
(millions)
|
Six
Months Ended
|
||||||
|
March
30
2007
|
March
31
2006
|
|||||
Cash
provided by (used for):
|
|||||||
Operating
activities
|
$
|
(64.3
|
)
|
$
|
(52.5
|
)
|
|
Investing
activities
|
(7.2
|
)
|
(13.8
|
)
|
|||
Financing
activities
|
55.4
|
26.0
|
|||||
Effect
of exchange rate changes
|
1.1
|
(0.1
|
)
|
||||
Decrease
in cash and temporary cash investments
|
$
|
(15.0
|
)
|
$
|
(40.4
|
)
|
|
||||||||||||||||
|
Payment
Due by Period
|
|||||||||||||||
(millions)
|
Total
|
Remainder
2007
|
2008/09
|
2010/11
|
2012
& After
|
|||||||||||
Long-term
debt
|
$
|
20.8
|
$
|
—
|
$
|
20.8
|
$
|
—
|
$
|
—
|
||||||
Short-term
debt
|
72.0
|
72.0
|
—
|
—
|
—
|
|||||||||||
Operating
lease obligations
|
23.4
|
2.7
|
7.6
|
5.2
|
7.9
|
|||||||||||
Open
purchase orders
|
64.5
|
64.5
|
—
|
—
|
—
|
|||||||||||
Contractually
obligated interest payments
|
2.8
|
1.2
|
1.6
|
—
|
—
|
|||||||||||
Total
contractual obligations
|
$
|
183.5
|
$
|
140.4
|
$
|
30.0
|
$
|
5.2
|
$
|
7.9
|
|
|||||||
(millions)
|
Estimated
Impact on
|
||||||
|
Fair Value |
Income
Before Income Taxes
|
|||||
Interest
rate instruments
|
$
|
0.3
|
$
|
0.2
|
Votes
Cast
For
|
Votes
Withheld
|
Total
Votes
Cast
|
|
Class
A Directors:
|
|||
Terry
E. London
|
5,474,601
|
105,249
|
5,579,850
|
John
M. Fahey, Jr.
|
5,475,101
|
104,749
|
5,579,850
|
Class
B Directors:
|
|||
Helen
P. Johnson-Leipold
|
1,100,550
|
0
|
1,100,550
|
Thomas
F. Pyle, Jr.
|
1,100,550
|
0
|
1,100,550
|
W.
Lee McCollum
|
1,100,550
|
0
|
1,100,550
|
Edward
F. Lang
|
1,100,550
|
0
|
1,100,550
|
Votes
Cast
For (1)
|
Votes
Cast
Against (1)
|
Abstentions
and
Broker
Non-votes (1)
|
Total
Votes
Cast
|
||
Proposal
to ratify the appointment of Ernst & Young LLP, independent registered
public accounting firm, as auditors of the Company for its fiscal
year
ending September 28, 2007
|
16,495,161
|
1,345
|
88,344
|
16,584,850
|
|
_________________
(1) Votes
cast for or against and abstentions with respect to the proposal
reflect
that holders of Class B shares are entitled to 10 votes per share for
matters other than the election of
directors.
|
Item
6.
|
|||
The
following exhibits are filed as part of this Form 10-Q:
|
|||
31.1
|
Certification
by the Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
||
31.2
|
Certification
by the Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
||
32
(1)
|
Certification
of Periodic Financial Report by the Chief Executive Officer and Chief
Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act
of
2002.
|
JOHNSON
OUTDOORS INC.
|
|
Signatures
Dated: May 9, 2007
|
|
/s/
Helen P.
Johnson-Leipold
|
|
Helen
P. Johnson-Leipold
Chairman
and Chief Executive Officer
|
|
/s/
David W.
Johnson
|
|
David
W. Johnson
Vice
President and Chief Financial Officer
(Principal
Financial and Accounting Officer)
|
Exhibit
Number
|
Description
|
31.1
|
|
31.2
|
|
32
(1)
|
1)
|
I
have reviewed this Quarterly Report on Form 10-Q of Johnson Outdoors
Inc.;
|
2)
|
Based
on my knowledge, this report does not contain any untrue statement
of a
material fact or omit to state a material fact necessary to make
the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this
report;
|
3)
|
Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects
the
financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;
|
4)
|
The
registrant’s other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and
have:
|
a)
|
Designed
such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to
ensure
that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is
being
prepared;
|
b)
|
Designed
such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision,
to
provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
|
c)
|
Evaluated
the effectiveness of the registrant’s disclosure controls and procedures
and presented in this report our conclusions about the effectiveness
of
the disclosure controls and procedures, as of the end of the period
covered by this report based on such evaluation;
and
|
d)
|
Disclosed
in this report any change in the registrant’s internal control over
financial reporting that occurred during the registrant’s most recent
fiscal quarter (the registrant’s fourth fiscal quarter in the case of an
annual report) that has materially affected, or is reasonably likely
to
materially affect, the registrant’s internal control over financial
reporting; and
|
5)
|
The
registrant’s other certifying officer and I have disclosed, based on our
most recent evaluation of internal control over financial reporting,
to
the registrant’s auditors and the audit committee of registrant’s board of
directors (or persons performing the equivalent
functions):
|
a)
|
All
significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant’s ability to record,
process, summarize and report financial information;
and
|
b)
|
Any
fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant’s internal control
over financial reporting.
|
Date:
|
May
9, 2007
|
/s/
Helen P.
Johnson-Leipold
|
|
Helen
P. Johnson-Leipold
Chairman
and Chief Executive Officer
|
1)
|
I
have reviewed this Quarterly Report on Form 10-Q of Johnson Outdoors
Inc.;
|
2)
|
Based
on my knowledge, this report does not contain any untrue statement
of a
material fact or omit to state a material fact necessary to make
the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this
report;
|
3)
|
Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects
the
financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;
|
4)
|
The
registrant’s other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and
have:
|
a)
|
Designed
such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to
ensure
that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is
being
prepared;
|
b)
|
Designed
such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision,
to
provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
|
c)
|
Evaluated
the effectiveness of the registrant’s disclosure controls and procedures
and presented in this report our conclusions about the effectiveness
of
the disclosure controls and procedures, as of the end of the period
covered by this report based on such evaluation;
and
|
d)
|
Disclosed
in this report any change in the registrant’s internal control over
financial reporting that occurred during the registrant’s most recent
fiscal quarter (the registrant’s fourth fiscal quarter in the case of an
annual report) that has materially affected, or is reasonably likely
to
materially affect, the registrant’s internal control over financial
reporting; and
|
5)
|
The
registrant’s other certifying officer and I have disclosed, based on our
most recent evaluation of internal control over financial reporting,
to
the registrant’s auditors and the audit committee of registrant’s board of
directors (or persons performing the equivalent
functions):
|
a)
|
All
significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant’s ability to record,
process, summarize and report financial information;
and
|
b)
|
Any
fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant’s internal control
over financial reporting.
|
Date:
|
May
9, 2007
|
/s/
David W.
Johnson
|
|
David
W. Johnson
Vice
President and Chief Financial Officer
Treasurer
|
/s/
Helen P.
Johnson-Leipold
|
Helen
P. Johnson-Leipold
Chairman
and Chief Executive Officer
May
9, 2007
|
/s/
David W.
Johnson
|
David
W. Johnson
Vice
President and Chief Financial Officer
Treasurer
May
9, 2007
|