Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables)
|
12 Months Ended |
Sep. 29, 2012
|
Consolidating Condensed Financial Information of Guarantor Subsidiaries [Abstract] |
|
Condensed Statement of Operations based on the Company's understanding of the SEC's Interpretation |
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CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Fiscal Year Ended September 29, 2012 (in thousands)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
527,901 |
|
|
$ |
1,244,430 |
|
|
$ |
(72,318 |
) |
|
$ |
1,700,013 |
|
Cost of goods sold and occupancy
|
|
|
383,990 |
|
|
|
874,183 |
|
|
|
(72,318 |
) |
|
|
1,185,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
143,911 |
|
|
|
370,247 |
|
|
|
0 |
|
|
|
514,158 |
|
Selling, general and administrative expenses
|
|
|
144,171 |
|
|
|
295,566 |
|
|
|
0 |
|
|
|
439,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
(260 |
) |
|
|
74,681 |
|
|
|
0 |
|
|
|
74,421 |
|
Interest – net
|
|
|
(40,324 |
) |
|
|
154 |
|
|
|
0 |
|
|
|
(40,170 |
) |
Other income (expense)
|
|
|
(3,764 |
) |
|
|
4,442 |
|
|
|
0 |
|
|
|
678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and noncontrolling interest
|
|
|
(44,348 |
) |
|
|
79,277 |
|
|
|
0 |
|
|
|
34,929 |
|
Income taxes (tax benefit)
|
|
|
(15,698 |
) |
|
|
28,514 |
|
|
|
0 |
|
|
|
12,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) including noncontrolling interest
|
|
|
(28,650 |
) |
|
|
50,763 |
|
|
|
0 |
|
|
|
22,113 |
|
Net income attributable to noncontrolling interest
|
|
|
940 |
|
|
|
0 |
|
|
|
0 |
|
|
|
940 |
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Net income (loss) attributable to Central Garden & Pet Company before equity in undistributed income of guarantor
subsidiaries
|
|
|
(29,590 |
) |
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|
50,763 |
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|
|
0 |
|
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|
21,173 |
|
Equity in undistributed income of guarantor subsidiaries
|
|
|
50,763 |
|
|
|
0 |
|
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(50,763 |
) |
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0 |
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Net income attributable to Central Garden & Pet Company
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$ |
21,173 |
|
|
$ |
50,763 |
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|
$ |
(50,763 |
) |
|
$ |
21,173 |
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CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Fiscal Year Ended September 24, 2011 (in thousands)
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|
Parent |
|
|
Guarantor Subsidiaries
|
|
|
Eliminations |
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|
Consolidated |
|
Net sales
|
|
$ |
500,668 |
|
|
$ |
1,244,207 |
|
|
$ |
(116,223 |
) |
|
$ |
1,628,652 |
|
Cost of goods sold and occupancy
|
|
|
374,215 |
|
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|
876,741 |
|
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(116,223 |
) |
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|
1,134,733 |
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Gross profit
|
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|
126,453 |
|
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|
367,466 |
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|
0 |
|
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|
493,919 |
|
Selling, general and administrative expenses
|
|
|
132,974 |
|
|
|
275,770 |
|
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|
0 |
|
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|
408,744 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Income from operations
|
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|
(6,521 |
) |
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|
91,696 |
|
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|
0 |
|
|
|
85,175 |
|
Interest – net
|
|
|
(37,984 |
) |
|
|
236 |
|
|
|
0 |
|
|
|
(37,748 |
) |
Other income (expense)
|
|
|
(236 |
) |
|
|
786 |
|
|
|
0 |
|
|
|
550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Income (loss) before income taxes and noncontrolling interest
|
|
|
(44,741 |
) |
|
|
92,718 |
|
|
|
0 |
|
|
|
47,977 |
|
Income taxes (tax benefit)
|
|
|
(17,299 |
) |
|
|
36,894 |
|
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|
0 |
|
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|
19,595 |
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|
|
|
|
|
|
|
|
|
|
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Net income (loss) including noncontrolling interest
|
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|
(27,442 |
) |
|
|
55,824 |
|
|
|
|
|
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|
28,382 |
|
Net income attributable to noncontrolling interest
|
|
|
59 |
|
|
|
0 |
|
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|
0 |
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|
59 |
|
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|
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Net income (loss) attributable to Central Garden & Pet Company before equity in undistributed income of guarantor
subsidiaries
|
|
|
(27,501 |
) |
|
|
55,824 |
|
|
|
0 |
|
|
|
28,323 |
|
Equity in undistributed income of guarantor subsidiaries
|
|
|
55,824 |
|
|
|
0 |
|
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|
(55,824 |
) |
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|
0 |
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|
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Net income attributable to Central Garden & Pet Company
|
|
$ |
28,323 |
|
|
$ |
55,824 |
|
|
$ |
(55,824 |
) |
|
$ |
28,323 |
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CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Fiscal Year Ended September 25, 2010 (in thousands)
|
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|
Parent |
|
|
Guarantor Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
505,933 |
|
|
$ |
1,132,645 |
|
|
$ |
(114,930 |
) |
|
$ |
1,523,648 |
|
Cost of goods sold and occupancy
|
|
|
363,410 |
|
|
|
760,002 |
|
|
|
(114,930 |
) |
|
|
1,008,482 |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Gross profit
|
|
|
142,523 |
|
|
|
372,643 |
|
|
|
0 |
|
|
|
515,166 |
|
Selling, general and administrative expenses
|
|
|
132,708 |
|
|
|
261,384 |
|
|
|
0 |
|
|
|
394,092 |
|
Intangible asset impairments
|
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|
0 |
|
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|
12,000 |
|
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|
0 |
|
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|
12,000 |
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|
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|
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|
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Income from operations
|
|
|
9,815 |
|
|
|
99,259 |
|
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|
0 |
|
|
|
109,074 |
|
Interest – net
|
|
|
(33,898 |
) |
|
|
311 |
|
|
|
0 |
|
|
|
(33,587 |
) |
Other income (expense)
|
|
|
(7,851 |
) |
|
|
8,270 |
|
|
|
0 |
|
|
|
419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss ) before income taxes and noncontrolling interest
|
|
|
(31,934 |
) |
|
|
107,840 |
|
|
|
0 |
|
|
|
75,906 |
|
Income taxes (tax benefit)
|
|
|
(11,688 |
) |
|
|
39,798 |
|
|
|
0 |
|
|
|
28,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net income (loss) including noncontrolling interest
|
|
|
(20,246 |
) |
|
|
68,042 |
|
|
|
|
|
|
|
47,796 |
|
Net income attributable to noncontrolling interest
|
|
|
1,963 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,963 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) attributable to Central Garden & Pet Company before equity in undistributed income of guarantor
subsidiaries
|
|
|
(22,209 |
) |
|
|
68,042 |
|
|
|
0 |
|
|
|
45,833 |
|
Equity in undistributed income of guarantor subsidiaries
|
|
|
68,042 |
|
|
|
0 |
|
|
|
(68,042 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Central Garden & Pet Company
|
|
$ |
45,833 |
|
|
$ |
68,042 |
|
|
$ |
(68,042 |
) |
|
$ |
45,833 |
|
|
|
|
|
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|
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|
Condensed Balance Sheet based on the Company's understanding of the SEC Interpretation |
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CONSOLIDATING CONDENSED BALANCE
SHEET September 29, 2012 (in thousands)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
Cash and cash equivalents
|
|
$ |
44,662 |
|
|
$ |
3,813 |
|
|
$ |
0 |
|
|
$ |
48,475 |
|
Short term investments
|
|
|
22,705 |
|
|
|
0 |
|
|
|
0 |
|
|
|
22,705 |
|
Accounts receivable, net
|
|
|
48,339 |
|
|
|
159,328 |
|
|
|
(5,245 |
) |
|
|
202,422 |
|
Inventories
|
|
|
97,017 |
|
|
|
233,015 |
|
|
|
0 |
|
|
|
330,032 |
|
Prepaid expenses and other assets
|
|
|
25,242 |
|
|
|
22,907 |
|
|
|
0 |
|
|
|
48,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
237,965 |
|
|
|
419,063 |
|
|
|
(5,245 |
) |
|
|
651,783 |
|
Land, buildings, improvements and equipment, net
|
|
|
81,727 |
|
|
|
109,436 |
|
|
|
0 |
|
|
|
191,163 |
|
Goodwill
|
|
|
0 |
|
|
|
210,223 |
|
|
|
0 |
|
|
|
210,223 |
|
Investment in guarantors
|
|
|
654,362 |
|
|
|
0 |
|
|
|
(654,362 |
) |
|
|
0 |
|
Other assets
|
|
|
54,910 |
|
|
|
41,468 |
|
|
|
0 |
|
|
|
96,378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,028,964 |
|
|
$ |
780,190 |
|
|
$ |
(659,607 |
) |
|
$ |
1,149,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
49,894 |
|
|
$ |
82,013 |
|
|
$ |
(5,245 |
) |
|
$ |
126,662 |
|
Accrued expenses and other liabilities
|
|
|
38,673 |
|
|
|
41,149 |
|
|
|
0 |
|
|
|
79,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
88,567 |
|
|
|
123,162 |
|
|
|
(5,245 |
) |
|
|
206,484 |
|
Long-term debt
|
|
|
449,387 |
|
|
|
96 |
|
|
|
0 |
|
|
|
449,483 |
|
Other long-term obligations
|
|
|
26,127 |
|
|
|
2,570 |
|
|
|
0 |
|
|
|
28,697 |
|
Shareholders’ equity attributable to Central Garden & Pet
|
|
|
463,937 |
|
|
|
654,362 |
|
|
|
(654,362 |
) |
|
|
463,937 |
|
Noncontrolling interest
|
|
|
946 |
|
|
|
0 |
|
|
|
0 |
|
|
|
946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
464,883 |
|
|
|
654,362 |
|
|
|
(654,362 |
) |
|
|
464,883 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,028,964 |
|
|
$ |
780,190 |
|
|
$ |
(659,607 |
) |
|
$ |
1,149,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET September 24, 2011 (in thousands) |
|
|
|
Unconsolidated |
|
|
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
10,633 |
|
|
$ |
1,398 |
|
|
$ |
0 |
|
|
$ |
12,031 |
|
Short term investments
|
|
|
17,820 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17,820 |
|
Accounts receivable, net
|
|
|
50,300 |
|
|
|
150,704 |
|
|
|
(5,587 |
) |
|
|
195,417 |
|
Inventories
|
|
|
106,348 |
|
|
|
223,198 |
|
|
|
0 |
|
|
|
329,546 |
|
Prepaid expenses and other assets
|
|
|
29,483 |
|
|
|
18,289 |
|
|
|
0 |
|
|
|
47,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
214,584 |
|
|
|
393,589 |
|
|
|
(5,587 |
) |
|
|
602,586 |
|
Land, buildings, improvements and equipment, net
|
|
|
72,721 |
|
|
|
103,681 |
|
|
|
0 |
|
|
|
176,402 |
|
Goodwill
|
|
|
0 |
|
|
|
210,223 |
|
|
|
0 |
|
|
|
210,223 |
|
Investment in guarantors
|
|
|
647,626 |
|
|
|
0 |
|
|
|
(647,626 |
) |
|
|
0 |
|
Other assets
|
|
|
44,398 |
|
|
|
59,394 |
|
|
|
0 |
|
|
|
103,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
979,329 |
|
|
$ |
766,887 |
|
|
$ |
(653,213 |
) |
|
$ |
1,093,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
40,929 |
|
|
$ |
81,182 |
|
|
$ |
(5,587 |
) |
|
$ |
116,524 |
|
Accrued expenses and other liabilities
|
|
|
39,205 |
|
|
|
36,202 |
|
|
|
0 |
|
|
|
75,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
80,134 |
|
|
|
117,384 |
|
|
|
(5,587 |
) |
|
|
191,931 |
|
Long-term debt
|
|
|
435,245 |
|
|
|
85 |
|
|
|
0 |
|
|
|
435,330 |
|
Other long-term obligations
|
|
|
7,168 |
|
|
|
1,792 |
|
|
|
0 |
|
|
|
8,960 |
|
Shareholders’ equity attributable to Central Garden & Pet Company
|
|
|
456,776 |
|
|
|
647,626 |
|
|
|
(647,626 |
) |
|
|
456,776 |
|
Noncontrolling interest
|
|
|
6 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
456,782 |
|
|
|
647,626 |
|
|
|
(647,626 |
) |
|
|
456,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
979,329 |
|
|
$ |
766,887 |
|
|
$ |
(653,213 |
) |
|
$ |
1,093,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Cash Flows Statement on the Company's understanding of the SEC Interpretation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Fiscal Year Ended September 29, 2012 (in thousands)
|
|
|
|
Parent |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash provided by operating activities
|
|
$ |
74,405 |
|
|
$ |
65,527 |
|
|
$ |
(50,763 |
) |
|
$ |
89,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property
|
|
|
(20,736 |
) |
|
|
(18,856 |
) |
|
|
0 |
|
|
|
(39,592 |
) |
Businesses acquired, net of cash acquired
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(0 |
) |
Return of equity method investment
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
Investment in short term investments
|
|
|
(4,885 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(4,885 |
) |
Investment in guarantor
|
|
|
(6,736 |
) |
|
|
(44,027 |
) |
|
|
50,763 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by investing activities
|
|
|
(32,357 |
) |
|
|
(62,883 |
) |
|
|
50,763 |
|
|
|
(44,477 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving line of credit
|
|
|
(339,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(339,000 |
) |
Borrowings on revolving line of credit
|
|
|
304,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
304,000 |
|
Proceeds from the issuance of long-term debt
|
|
|
49,312 |
|
|
|
0 |
|
|
|
0 |
|
|
|
49,312 |
|
Repayments of long-term debt
|
|
|
(231 |
) |
|
|
(122 |
) |
|
|
0 |
|
|
|
(353 |
) |
Proceeds from issuance of common stock
|
|
|
2,129 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,129 |
|
Excess tax benefits from stock-based awards
|
|
|
1,881 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,881 |
|
Repurchase of common stock
|
|
|
(24,829 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(24,829 |
) |
Payment of financing costs
|
|
|
(1,715 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(1,715 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in financing activities
|
|
|
(8,453 |
) |
|
|
(122 |
) |
|
|
0 |
|
|
|
(8,575 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash
|
|
|
434 |
|
|
|
(107 |
) |
|
|
0 |
|
|
|
327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
34,029 |
|
|
|
2,415 |
|
|
|
0 |
|
|
|
36,444 |
|
Cash and cash equivalents at beginning of year
|
|
|
10,633 |
|
|
|
1,398 |
|
|
|
0 |
|
|
|
12,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of year
|
|
$ |
44,662 |
|
|
$ |
3,813 |
|
|
$ |
0 |
|
|
$ |
48,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Fiscal Year Ended September 24, 2011 (in thousands)
|
|
|
|
Parent |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash provided by operating activities
|
|
$ |
50,459 |
|
|
$ |
56,373 |
|
|
$ |
(55,824 |
) |
|
$ |
51,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property
|
|
|
(16,802 |
) |
|
|
(14,761 |
) |
|
|
0 |
|
|
|
(31,563 |
) |
Businesses acquired, net of cash acquired
|
|
|
(23,403 |
) |
|
|
(1,904 |
) |
|
|
0 |
|
|
|
(25,307 |
) |
Return of equity investment
|
|
|
3,133 |
|
|
|
0 |
|
|
|
0 |
|
|
|
3,133 |
|
Investment in short term investments
|
|
|
(2,500 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(2,500 |
) |
Investment in guarantor
|
|
|
(16,719 |
) |
|
|
(39,105 |
) |
|
|
55,824 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by investing activities
|
|
|
(56,291 |
) |
|
|
(55,770 |
) |
|
|
55,824 |
|
|
|
(56,237 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving line of credit
|
|
|
(668,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(668,000 |
) |
Borrowings on revolving line of credit
|
|
|
703,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
703,000 |
|
Repayments of long-term debt
|
|
|
(190 |
) |
|
|
(145 |
) |
|
|
0 |
|
|
|
(335 |
) |
Proceeds from issuance of common stock
|
|
|
1,675 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,675 |
|
Excess tax benefits from stock-based awards
|
|
|
945 |
|
|
|
0 |
|
|
|
0 |
|
|
|
945 |
|
Repurchase of common stock
|
|
|
(108,727 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(108,727 |
) |
Payment of financing costs
|
|
|
(1,055 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(1,055 |
) |
Distribution to noncontrolling interest
|
|
|
(1,500 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(1,500 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in financing activities
|
|
|
(73,852 |
) |
|
|
(145 |
) |
|
|
0 |
|
|
|
(73,997 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash
|
|
|
52 |
|
|
|
(255 |
) |
|
|
0 |
|
|
|
(203 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
(79,632 |
) |
|
|
203 |
|
|
|
0 |
|
|
|
(79,429 |
) |
Cash and cash equivalents at beginning of year
|
|
|
90,265 |
|
|
|
1,195 |
|
|
|
0 |
|
|
|
91,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of year
|
|
$ |
10,633 |
|
|
$ |
1,398 |
|
|
$ |
0 |
|
|
$ |
12,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Fiscal Year Ended September 25, 2010 (in thousands)
|
|
|
|
Parent |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash provided by operating activities
|
|
$ |
86,344 |
|
|
$ |
116,927 |
|
|
$ |
(68,042 |
) |
|
$ |
135,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property
|
|
|
(15,939 |
) |
|
|
(8,251 |
) |
|
|
0 |
|
|
|
(24,190 |
) |
Businesses acquired, net of cash acquired
|
|
|
0 |
|
|
|
(1,756 |
) |
|
|
0 |
|
|
|
(1,756 |
) |
Investment in short term investments
|
|
|
(15,320 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(15,320 |
) |
Investment in guarantor
|
|
|
38,667 |
|
|
|
(106,709 |
) |
|
|
68,042 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by investing activities
|
|
|
7,408 |
|
|
|
(116,716 |
) |
|
|
68,042 |
|
|
|
(41,266 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving line of credit
|
|
|
(10,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(10,000 |
) |
Borrowings on revolving line of credit
|
|
|
10,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
10,000 |
|
Repayments of long-term debt
|
|
|
(407,675 |
) |
|
|
(249 |
) |
|
|
0 |
|
|
|
(407,924 |
) |
Proceeds from issuance of long-term debt
|
|
|
400,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
400,000 |
|
Proceeds from issuance of common stock
|
|
|
1,294 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,294 |
|
Excess tax benefits from stock-based awards
|
|
|
836 |
|
|
|
0 |
|
|
|
0 |
|
|
|
836 |
|
Repurchase of common stock
|
|
|
(66,901 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(66,901 |
) |
Payment of financing costs
|
|
|
(12,711 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(12,711 |
) |
Distribution to noncontrolling interest
|
|
|
(2,761 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(2,761 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in financing activities
|
|
|
(87,918 |
) |
|
|
(249 |
) |
|
|
0 |
|
|
|
(88,167 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash
|
|
|
(44 |
) |
|
|
40 |
|
|
|
0 |
|
|
|
(4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
5,790 |
|
|
|
2 |
|
|
|
0 |
|
|
|
5,792 |
|
Cash and cash equivalents at beginning of year
|
|
|
84,475 |
|
|
|
1,193 |
|
|
|
0 |
|
|
|
85,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of year
|
|
$ |
90,265 |
|
|
$ |
1,195 |
|
|
$ |
0 |
|
|
$ |
91,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|