| Segment Information |
12. 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).
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Three Months Ended |
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December 28,
2013
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December 29,
2012
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Net sales:
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Pet segment
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$ |
184,605 |
|
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$ |
195,180 |
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Garden segment
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|
105,916 |
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|
97,317 |
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Total net sales
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$ |
290,521 |
|
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$ |
292,497 |
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Income (loss) from operations:
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Pet segment
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14,386 |
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|
10,173 |
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Garden segment
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|
(6,231 |
) |
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|
(8,536 |
) |
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Corporate
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|
(16,510 |
) |
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|
(14,731 |
) |
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Total loss from operations
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|
(8,355 |
) |
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|
(13,094 |
) |
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Interest expense—net
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(12,204 |
) |
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(10,250 |
) |
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Other expense
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|
(168 |
) |
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(981 |
) |
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Income tax benefit
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(7,915 |
) |
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(8,978 |
) |
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Loss including noncontrolling interest
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|
(12,812 |
) |
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(15,347 |
) |
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Net loss attributable to noncontrolling interest
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|
(104 |
) |
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|
(78 |
) |
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Net loss attributable to Central Garden & Pet Company
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$ |
(12,708 |
) |
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$ |
(15,269 |
) |
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Depreciation and amortization:
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Pet segment
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|
3,886 |
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|
3,695 |
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Garden segment
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|
1,573 |
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|
1,656 |
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Corporate
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|
2,861 |
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|
2,665 |
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Total depreciation and amortization
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$ |
8,320 |
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$ |
8,016 |
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December 28,
2013
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|
December 29,
2012
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|
September 28,
2013
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Assets:
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Pet segment
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$ |
406,000 |
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$ |
419,537 |
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$ |
425,988 |
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Garden segment
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|
394,193 |
|
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|
362,770 |
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|
388,581 |
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Corporate
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|
355,775 |
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|
363,765 |
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|
346,591 |
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Total assets
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$ |
1,155,968 |
|
|
$ |
1,146,072 |
|
|
$ |
1,161,160 |
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Goodwill (included in corporate assets above):
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Pet segment
|
|
$ |
205,756 |
|
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$ |
202,514 |
|
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$ |
205,756 |
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|
Garden segment
|
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|
0 |
|
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|
7,709 |
|
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|
0 |
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Total goodwill
|
|
$ |
205,756 |
|
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$ |
210,223 |
|
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$ |
205,756 |
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