Financial Information Relating to Company's Business Segments |
These operating segments are Pet segment and Garden segment and are presented in the table below (in thousands).
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Three Months Ended |
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Nine Months Ended |
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June 24, 2017 |
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June 25, 2016 |
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June 24, 2017 |
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June 25, 2016 |
Net sales: |
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Pet segment |
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$ |
313,437 |
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$ |
287,213 |
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$ |
915,876 |
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$ |
811,203 |
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Garden segment |
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261,155 |
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227,331 |
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648,138 |
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604,402 |
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Total net sales |
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$ |
574,592 |
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$ |
514,544 |
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$ |
1,564,014 |
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$ |
1,415,605 |
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Operating income: |
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Pet segment |
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36,092 |
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38,759 |
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104,143 |
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97,363 |
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Garden segment |
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38,369 |
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26,452 |
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87,050 |
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67,605 |
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Corporate |
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(16,528 |
) |
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(17,026 |
) |
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(49,462 |
) |
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(48,607 |
) |
Total income from operations |
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57,933 |
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48,185 |
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141,731 |
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116,361 |
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Interest expense - net |
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(7,220 |
) |
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(6,921 |
) |
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(20,877 |
) |
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(36,131 |
) |
Other income (expense) |
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1,626 |
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318 |
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(306 |
) |
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(243 |
) |
Income tax expense |
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19,450 |
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14,916 |
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44,621 |
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28,509 |
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Income including noncontrolling interest |
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32,889 |
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26,666 |
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75,927 |
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51,478 |
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Net income attributable to noncontrolling interest |
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641 |
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636 |
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1,358 |
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1,353 |
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Net income attributable to Central Garden & Pet Company |
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$ |
32,248 |
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$ |
26,030 |
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$ |
74,569 |
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$ |
50,125 |
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Depreciation and amortization: |
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Pet segment |
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$ |
6,794 |
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6,700 |
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$ |
18,798 |
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$ |
16,120 |
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Garden segment |
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1,651 |
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1,542 |
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4,686 |
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4,586 |
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Corporate |
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2,585 |
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2,842 |
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7,890 |
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8,580 |
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Total depreciation and amortization |
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$ |
11,030 |
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$ |
11,084 |
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$ |
31,374 |
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$ |
29,286 |
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June 24, 2017 |
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June 25, 2016 |
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September 24, 2016 |
Assets: |
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Pet segment |
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$ |
622,567 |
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$ |
523,281 |
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$ |
508,879 |
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Garden segment |
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368,365 |
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327,768 |
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304,901 |
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Corporate |
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360,815 |
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365,858 |
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398,413 |
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Total assets |
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$ |
1,351,747 |
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$ |
1,216,907 |
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$ |
1,212,193 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
224,912 |
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$ |
229,713 |
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$ |
225,912 |
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Garden segment |
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5,473 |
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3,298 |
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|
5,473 |
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Total goodwill |
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$ |
230,385 |
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$ |
233,011 |
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$ |
231,385 |
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