| 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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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 |
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$ |
1,146,072 |
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$ |
1,161,160 |
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Goodwill (included in corporate assets above):
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Pet segment
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$ |
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
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$ |
205,756 |
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$ |
210,223 |
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$ |
205,756 |
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