| 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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Six Months Ended |
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March 30,
2013
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March 24,
2012
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March 30,
2013
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March 24,
2012
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Net sales:
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Pet segment
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$ |
234,750 |
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$ |
222,487 |
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$ |
429,930 |
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$ |
421,769 |
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Garden segment
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263,419 |
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244,416 |
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360,736 |
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347,200 |
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Total net sales
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$ |
498,169 |
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$ |
466,903 |
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$ |
790,666 |
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$ |
768,969 |
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Income (loss) from operations:
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Pet segment
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27,465 |
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21,010 |
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37,638 |
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30,699 |
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Garden segment
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33,958 |
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36,615 |
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25,422 |
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25,530 |
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Corporate
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(14,677 |
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(12,403 |
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(29,408 |
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(22,287 |
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Total income (loss) from operations
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46,746 |
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45,222 |
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33,652 |
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33,942 |
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Interest expense - net
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(10,910 |
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(10,440 |
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(21,160 |
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(19,959 |
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Other expense
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(48 |
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(7 |
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(1,029 |
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(121 |
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Income tax benefit
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12,828 |
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12,808 |
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3,850 |
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5,162 |
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Income (Loss) including noncontrolling interest
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22,960 |
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21,967 |
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7,613 |
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8,700 |
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Net Income (loss) attributable to noncontrolling interest
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764 |
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344 |
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686 |
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167 |
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Net loss attributable to Central Garden & Pet Company
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$ |
22,196 |
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$ |
21,623 |
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$ |
6,927 |
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$ |
8,533 |
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Depreciation and amortization:
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Pet segment
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4,024 |
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3,616 |
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7,719 |
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7,202 |
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Garden segment
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1,622 |
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1,590 |
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3,278 |
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3,138 |
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Corporate
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2,685 |
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2,402 |
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5,350 |
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4,712 |
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Total depreciation and amortization
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$ |
8,331 |
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$ |
7,608 |
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$ |
16,347 |
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$ |
15,052 |
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March 30,
2013
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March 24,
2012
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September 29,
2012
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Assets:
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Pet segment
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447,082 |
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422,035 |
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411,059 |
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Garden segment
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542,764 |
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496,003 |
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341,716 |
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Corporate
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356,735 |
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342,036 |
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396,772 |
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Total assets
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$ |
1,346,581 |
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$ |
1,260,074 |
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$ |
1,149,547 |
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Goodwill (included in corporate assets above):
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Pet segment
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$ |
202,514 |
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$ |
202,514 |
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$ |
202,514 |
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Garden segment
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7,709 |
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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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$ |
210,223 |
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