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 29,
2014
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March 30,
2013
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March 29,
2014
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March 30,
2013
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Net sales:
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Pet segment
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$ |
216,744 |
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$ |
234,750 |
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$ |
401,349 |
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$ |
429,930 |
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Garden segment
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284,867 |
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263,419 |
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390,783 |
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360,736 |
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Total net sales
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$ |
501,611 |
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$ |
498,169 |
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$ |
792,132 |
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$ |
790,666 |
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Income (loss) from operations:
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Pet segment
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24,193 |
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27,465 |
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38,579 |
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37,638 |
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Garden segment
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36,799 |
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33,958 |
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30,568 |
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25,422 |
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Corporate
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(16,223 |
) |
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(14,677 |
) |
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(32,733 |
) |
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(29,408 |
) |
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Total income from operations
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44,769 |
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46,746 |
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36,414 |
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33,652 |
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Interest expense – net
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(10,389 |
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(10,910 |
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(22,593 |
) |
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(21,160 |
) |
Other income (expense)
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108 |
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(48 |
) |
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(60 |
) |
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(1,029 |
) |
Income taxes
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12,999 |
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12,828 |
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5,084 |
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3,850 |
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Income including noncontrolling interest
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21,489 |
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22,960 |
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8,677 |
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7,613 |
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Net Income attributable to noncontrolling interest
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594 |
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764 |
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490 |
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686 |
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Net income attributable to Central Garden & Pet
Company
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$ |
20,895 |
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$ |
22,196 |
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$ |
8,187 |
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$ |
6,927 |
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Depreciation and amortization:
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Pet segment
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$ |
4,484 |
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$ |
4,024 |
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$ |
8,370 |
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$ |
7,719 |
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Garden segment
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1,832 |
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1,622 |
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3,405 |
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3,278 |
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Corporate
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2,876 |
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2,685 |
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5,737 |
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5,350 |
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Total depreciation and amortization
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$ |
9,192 |
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$ |
8,331 |
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$ |
17,512 |
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$ |
16,347 |
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March 29,
2014
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March 30,
2013
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September 28,
2013
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Assets:
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Pet segment
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$ |
434,059 |
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$ |
447,082 |
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$ |
425,988 |
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Garden segment
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521,663 |
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542,764 |
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388,581 |
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Corporate
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338,625 |
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356,735 |
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346,591 |
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Total assets
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$ |
1,294,347 |
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$ |
1,346,581 |
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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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