| Financial Information Relating to Company's Business Segments |
Financial
information relating to the Company’s business segments for
each of the three most recent fiscal years is presented in the
table below (in thousands):
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Fiscal Year
Ended |
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September 27,
2014 |
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September 28,
2013 |
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September 29,
2012 |
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Net sales:
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Pet segment
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|
$ |
845,505 |
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|
$ |
888,228 |
|
|
$ |
930,753 |
|
|
Garden segment
|
|
|
758,852 |
|
|
|
765,405 |
|
|
|
769,260 |
|
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|
|
|
|
|
|
|
|
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Total
|
|
$ |
1,604,357 |
|
|
$ |
1,653,633 |
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|
$ |
1,700,013 |
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Income (loss) from
operations:
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Pet segment
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$ |
88,077 |
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|
$ |
95,451 |
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|
$ |
87,650 |
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Garden segment
|
|
|
41,020 |
(1) |
|
|
8,286 |
(2) |
|
|
40,376 |
|
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Corporate
|
|
|
(72,884 |
) |
|
|
(63,582 |
) |
|
|
(53,605 |
) |
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|
|
|
|
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Total
|
|
|
56,213 |
|
|
|
40,155 |
|
|
|
74,421 |
|
|
Interest expense
|
|
|
(42,844 |
) |
|
|
(43,112 |
) |
|
|
(40,315 |
) |
|
Interest income
|
|
|
94 |
|
|
|
142 |
|
|
|
145 |
|
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Other income
(expense)
|
|
|
403 |
|
|
|
(677 |
) |
|
|
678 |
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|
|
|
|
|
|
|
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|
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Income (loss) before income
taxes and noncontrolling interest
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|
|
13,866 |
|
|
|
(3,492 |
) |
|
|
34,929 |
|
|
Income tax expense
(benefit)
|
|
|
4,045 |
|
|
|
(2,592 |
) |
|
|
12,816 |
|
|
|
|
|
|
|
|
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|
|
|
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Net income (loss) including
noncontrolling interest
|
|
|
9,821 |
|
|
|
(900 |
) |
|
|
22,113 |
|
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Net income attributable to
noncontrolling interest
|
|
|
1,017 |
|
|
|
1,029 |
|
|
|
940 |
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|
|
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Net income (loss)
attributable to Central Garden & Pet Company
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|
$ |
8,804 |
|
|
$ |
(1,929 |
) |
|
$ |
21,173 |
|
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Assets:
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Pet segment
|
|
$ |
414,279 |
|
|
$ |
425,988 |
|
|
$ |
411,059 |
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|
Garden segment
|
|
|
337,461 |
|
|
|
388,581 |
|
|
|
341,716 |
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Corporate and
eliminations
|
|
|
396,987 |
|
|
|
346,591 |
|
|
|
396,772 |
|
|
|
|
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|
|
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Total
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|
$ |
1,148,727 |
|
|
$ |
1,161,160 |
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|
$ |
1,149,547 |
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Depreciation and
amortization:
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Pet segment
|
|
$ |
17,256 |
|
|
$ |
15,753 |
|
|
$ |
14,507 |
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Garden segment
|
|
|
6,793 |
|
|
|
6,410 |
|
|
|
6,213 |
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Corporate
|
|
|
11,732 |
|
|
|
10,805 |
|
|
|
9,705 |
|
|
|
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Total
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|
$ |
35,781 |
|
|
$ |
32,968 |
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|
$ |
30,425 |
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Expenditures for long-lived
assets:
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Pet segment
|
|
$ |
8,561 |
|
|
$ |
9,694 |
|
|
$ |
15,540 |
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|
Garden segment
|
|
|
5,541 |
|
|
|
7,496 |
|
|
|
4,138 |
|
|
Corporate
|
|
|
3,071 |
|
|
|
7,982 |
|
|
|
19,914 |
|
|
|
|
|
|
|
|
|
|
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Total
|
|
$ |
17,173 |
|
|
$ |
25,172 |
|
|
$ |
39,592 |
|
|
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Noncontrolling interest is
associated with the Garden segment.
| (1) |
Includes a $16.9 million
charge related to certain products introduced in fiscal and a $4.9
million gain from the sale of manufacturing plant
assets. |
| (2) |
Includes goodwill
impairment of $7.7 million and an $11.2 million charge related to
certain products introduced in fiscal 2013. |
|