Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
9 Months Ended
Jun. 29, 2013
Segment Information [Abstract]  
Segment Information
11. 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 segment and Garden segment and are presented in the table below (in thousands).

 

                                 
    Three Months Ended     Nine Months Ended  
    June 29,
2013
    June 23,
2012
    June 29,
2013
    June 23,
2012
 

Net sales:

                               

Pet segment

  $ 237,851     $ 271,345     $ 667,781     $ 693,114  

Garden segment

    256,279       262,463       617,015       609,663  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total net sales

  $ 494,130     $ 533,808     $ 1,284,796     $ 1,302,777  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from operations:

                               

Pet segment

  $ 33,144     $ 40,454     $ 70,782     $ 71,153  

Garden segment

    13,668       22,581       39,090       48,111  

Corporate

    (13,920     (14,066     (43,328     (36,353
   

 

 

   

 

 

   

 

 

   

 

 

 

Total income from operations

    32,892       48,969       66,544       82,911  
   

 

 

   

 

 

   

 

 

   

 

 

 

Interest expense - net

    (11,319     (10,695     (32,479     (30,654

Other income (expense)

    353       102       (676     (19

Income taxes

    7,520       14,554       11,370       19,716  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income including noncontrolling interest

    14,406       23,822       22,019       32,522  

Net income attributable to noncontrolling interest

    681       1,123       1,367       1,290  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to Central Garden & Pet Company

  $ 13,725     $ 22,699     $ 20,652     $ 31,232  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and amortization:

                               

Pet segment

  $ 3,489     $ 3,702     $ 11,208     $ 10,904  

Garden segment

    1,624       1,920       4,902       5,058  

Corporate

    2,698       2,402       8,048       7,114  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total depreciation and amortization

  $ 7,811     $ 8,024     $ 24,158     $ 23,076  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                         
       
    June 29,
2013
    June 23,
2012
    September 29,
2012
 

Assets:

                       

Pet segment

  $ 443,854     $ 432,342     $ 411,059  

Garden segment

    447,756       384,502       341,716  

Corporate

    353,026       362,874       396,772  
   

 

 

   

 

 

   

 

 

 

Total assets

  $ 1,244,636     $ 1,179,718     $ 1,149,547  
   

 

 

   

 

 

   

 

 

 

Goodwill (included in corporate assets above):

                       

Pet segment

  $ 202,514     $ 202,514     $ 202,514  

Garden segment

    7,709       7,709       7,709  
   

 

 

   

 

 

   

 

 

 

Total goodwill

  $ 210,223     $ 210,223     $ 210,223