−Removed: The following risk factor is in addition to the risk factors previously disclosed in our annual report on Form 10-K as filed with the Securities and Exchange Commission on December 6, 2019 and reflects certain updates and changes to the additional risk factor disclosed in our Form 10-Q report filed with the Securities and Exchange Commission on May 5, 2020.
+Added: The following risk factor is in addition to the risk factors previously disclosed in our annual report on Form 10-K as filed with the Securities and Exchange Commission on December 11, 2020.
The risk factor set forth below should be read in conjunction with the risk factors section and the Management's Discussion and Analysis section included in our annual report on Form 10-K as filed with the Securities and Exchange Commission on December 11, 2020.
−Removed: The COVID-19 pandemic has significantly impacted worldwide economic conditions and could continue to have a material adverse effect on our operations and business.
−Removed: JOHNSON OUTDOORS INC.
−Removed: Our operations expose us to risks associated with pandemics, epidemics or other public health emergencies, such as the recent outbreak of coronavirus disease (COVID-19).
−Removed: Outbreaks such as these have resulted, and can continue to result, in governments around the world implementing increasingly stringent measures to help control the spread, including quarantines, "shelter in place" and "stay at home" orders, travel restrictions, business curtailments, school closures, and other measures.
−Removed: These actions with respect to the COVID-19 outbreak have negatively impacted, and continue to have negative impacts on, our operations, supply chain, transportation networks, customers and employees.
−Removed: The COVID-19 outbreak has adversely affected, and any continuing economic downturn as a result of this pandemic could continue to adversely affect, demand for our products, and negatively impact our business or results of operations through the temporary closure of our operating locations or those of our customers or suppliers.
−Removed: It may also impact the buying patterns and demand for our products (either positively or negatively) by our customers.
−Removed: During the latter part of our third fiscal quarter, we saw some favorable impact of COVID-19 on our results due to increased participation in fishing, camping and watercraft recreation and related demand for our products.
−Removed: However, it is not certain these favorable impacts will continue or recur in the future.
−Removed: Additionally, we face the potential for supply chain disruptions and logistics constraints.
−Removed: The extent to which COVID-19 may adversely impact our business depends on future developments, which are highly uncertain and unpredictable, including new information concerning the severity of the outbreak and the effectiveness of actions globally to contain or mitigate its effects.
−Removed: The current level of uncertainty over the economic and operational impacts of COVID-19 means the related financial impact cannot be reasonably estimated at this time.
+Added: Our stock price is volatile and our shareholders may not be able to resell shares of Class A Common Stock at or above the price they paid.
+Added: The trading price of our Class A Common Stock is highly volatile and could be subject to wide fluctuations in response to various factors, some of which are beyond our control.
+Added: These factors include those discussed in this Report, those discussed under the “Risk Factors” section of our 2020 Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 11, 2020 and others such as:
+Added: • announcements relating to our earnings trends or with respect to any cost-cutting actions or other strategic transactions involving Johnson Outdoors;
+Added: • announcements relating to product development efforts of Johnson Outdoors or competitors;
+Added: • announcements relating to the receipt, modification or termination of customer or supplier contracts, including with respect to any government contracts or grants;
+Added: • prevailing economic conditions;
+Added: • business disruptions caused by weather events, pandemics, or other natural disasters;
+Added: • disputes concerning Johnson Outdoors's or its competitors' intellectual property or other proprietary rights;
+Added: • sales of our Class A Common Stock by our executive officers and directors or our significant shareholders in the future;
+Added: • the lack of an active, liquid, and orderly market in our Class A Common Stock;
+Added: • fluctuations in our quarterly operating results;
+Added: • the issuance of new or change securities analysts' reports or recommendations regarding the shares of our Class A Common Stock
+Added: In addition, the stock markets in general, and the markets for equity securities in companies principally operating in the outdoor leisure or recreational product markets, have experienced periods of high volatility that have been often unrelated to the operating performance of the issuer.
+Added: These broad market fluctuations may adversely affect the trading price or liquidity of our Class A Common Stock.
Except as noted above, there have been no other material changes to the risk factors disclosed in our Form 10-K as filed with the Securities and Exchange Commission on December 11, 2020.
+Added: JOHNSON OUTDOORS INC.
See Exhibit Index to this Form 10-Q report.
2 unchanged sentences
Signatures Dated:
−Removed: July 31, 2020
+Added: February 5, 2021
Johnson-Leipold
13 unchanged sentences
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.
−Removed: The following materials from Johnson Outdoors Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 26, 2020 formatted in XBRL (eXtensible Business Reporting Language) and furnished electronically herewith:
+Added: 101 The following materials from Johnson Outdoors Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 1, 2021 formatted in XBRL (eXtensible Business Reporting Language) and furnished electronically herewith:
(i) Condensed Consolidated Balance Sheets;
3 unchanged sentences
(v) Condensed Consolidated Statements of Shareholders' Equity and (vi) Notes to Condensed Consolidated Financial Statements.
+Added: XBRL Instance Document – the XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
+Added: 104 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended January 1, 2021, formatted in Inline XBRL (included in Exhibit 101).
(1) This certification is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.