| Segment Information |
10. Segment Information
Management has determined that the Company has two operating segments which are also reportable segments based on the level at which the Chief Operating Decision Maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are Pet Products and Garden Products and are presented in the table below (in thousands).
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Three Months Ended |
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December 25,
2010
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December 24,
2011 |
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Net sales:
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Pet Products
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$ |
186,800 |
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$ |
199,282 |
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Garden Products
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94,919 |
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102,784 |
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Total net sales
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$ |
281,719 |
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$ |
302,066 |
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Income (loss) from operations:
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Pet Products
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$ |
11,409 |
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$ |
9,689 |
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Garden Products
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(7,983 |
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(11,085 |
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Corporate
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(9,909 |
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(9,884 |
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Total loss from operations
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(6,483 |
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(11,280 |
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Interest expense – net
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(8,906 |
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(9,519 |
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Other expense
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(406 |
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(114 |
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Income tax benefit
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(6,117 |
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(7,646 |
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Loss including noncontrolling interest
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(9,678 |
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(13,267 |
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Net loss attributable to noncontrolling interest
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(86 |
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(177 |
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Net loss attributable to Central Garden & Pet Company
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$ |
(9,592 |
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$ |
(13,090 |
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Depreciation and amortization:
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Pet Products
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$ |
3,668 |
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$ |
3,586 |
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Garden Products
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1,430 |
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1,548 |
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Corporate
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1,947 |
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2,310 |
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Total depreciation and amortization
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$ |
7,045 |
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$ |
7,444 |
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Assets:
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September
24, 2011 |
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December 24,
2011 |
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Pet Products
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$ |
396,637 |
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$ |
392,979 |
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Garden Products
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350,234 |
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338,813 |
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Corporate
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346,132 |
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356,477 |
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Total assets
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$ |
1,093,003 |
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$ |
1,088,269 |
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Goodwill (included in corporate assets above):
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Pet Products
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$ |
202,514 |
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$ |
202,514 |
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Garden Products
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7,709 |
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7,709 |
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Total goodwill
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$ |
210,223 |
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$ |
210,223 |
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