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 29, 2013
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June 23, 2012
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June 29, 2013
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June 23, 2012 |
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Net sales:
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Pet segment
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$ |
237,851 |
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$ |
271,345 |
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$ |
667,781 |
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$ |
693,114 |
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Garden segment
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256,279 |
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262,463 |
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617,015 |
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609,663 |
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Total net sales
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$ |
494,130 |
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$ |
533,808 |
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$ |
1,284,796 |
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$ |
1,302,777 |
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Income (loss) from operations:
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Pet segment
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$ |
33,144 |
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$ |
40,454 |
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$ |
70,782 |
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$ |
71,153 |
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Garden segment
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13,668 |
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22,581 |
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39,090 |
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48,111 |
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Corporate
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(13,920 |
) |
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(14,066 |
) |
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(43,328 |
) |
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(36,353 |
) |
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Total income from operations
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32,892 |
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48,969 |
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66,544 |
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82,911 |
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Interest expense - net
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(11,319 |
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(10,695 |
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(32,479 |
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(30,654 |
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Other income (expense)
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353 |
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102 |
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(676 |
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(19 |
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Income taxes
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7,520 |
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14,554 |
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11,370 |
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19,716 |
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Income including noncontrolling interest
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14,406 |
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23,822 |
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22,019 |
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32,522 |
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Net income attributable to noncontrolling interest
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681 |
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1,123 |
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1,367 |
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1,290 |
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Net income attributable to Central Garden & Pet Company
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$ |
13,725 |
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$ |
22,699 |
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$ |
20,652 |
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$ |
31,232 |
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Depreciation and amortization:
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Pet segment
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$ |
3,489 |
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$ |
3,702 |
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$ |
11,208 |
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$ |
10,904 |
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Garden segment
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1,624 |
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1,920 |
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4,902 |
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5,058 |
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Corporate
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2,698 |
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2,402 |
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8,048 |
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7,114 |
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Total depreciation and amortization
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$ |
7,811 |
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$ |
8,024 |
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$ |
24,158 |
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$ |
23,076 |
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June 29, 2013
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June 23, 2012
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September 29, 2012
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Assets:
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Pet segment
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$ |
443,854 |
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$ |
432,342 |
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$ |
411,059 |
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Garden segment
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447,756 |
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384,502 |
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341,716 |
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Corporate
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353,026 |
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362,874 |
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396,772 |
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Total assets
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$ |
1,244,636 |
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$ |
1,179,718 |
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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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