Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables)
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12 Months Ended |
Sep. 27, 2014
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Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
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Consolidating Condensed Statement of Operations Based on Company's Understanding of SEC's Interpretation |
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CONSOLIDATING CONDENSED
STATEMENT OF OPERATIONS
Fiscal Year
Ended September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
460,781 |
|
|
$ |
109,453 |
|
|
$ |
1,103,926 |
|
|
$ |
(69,803 |
) |
|
$ |
1,604,357 |
|
Cost of goods sold and
occupancy
|
|
|
370,492 |
|
|
|
87,028 |
|
|
|
757,217 |
|
|
|
(64,404 |
) |
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|
1,150,333 |
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|
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|
|
|
|
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Gross profit
|
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|
90,289 |
|
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|
22,425 |
|
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|
346,709 |
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|
(5,399 |
) |
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|
454,024 |
|
Selling, general and
administrative expenses
|
|
|
117,240 |
|
|
|
18,230 |
|
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|
267,740 |
|
|
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(5,399 |
) |
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|
397,811 |
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Income (loss) from
operations
|
|
|
(26,951 |
) |
|
|
4,195 |
|
|
|
78,969 |
|
|
|
0 |
|
|
|
56,213 |
|
Other (income)
expense
|
|
|
(186 |
) |
|
|
(583 |
) |
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|
366 |
|
|
|
0 |
|
|
|
(403 |
) |
Interest expense
|
|
|
42,742 |
|
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|
218 |
|
|
|
(116 |
) |
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|
0 |
|
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|
42,844 |
|
Interest income
|
|
|
92 |
|
|
|
2 |
|
|
|
0 |
|
|
|
0 |
|
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|
94 |
|
|
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|
|
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|
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|
|
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Income (loss) before taxes
and equity in earnings of affiliates
|
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|
(69,415 |
) |
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|
4,562 |
|
|
|
78,719 |
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|
0 |
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|
13,866 |
|
Income tax expense
(benefit)
|
|
|
(26,962 |
) |
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|
756 |
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30,251 |
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0 |
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|
4,045 |
|
Equity in earnings of
affiliates
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|
|
51,257 |
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|
0 |
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|
1,506 |
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|
(52,763 |
) |
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0 |
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Net income (loss) including
noncontrolling interest
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8,804 |
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3,806 |
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49,974 |
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(52,763 |
) |
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|
9,821 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,017 |
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|
0 |
|
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|
0 |
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|
1,017 |
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Net income attributable to
Central Garden & Pet Company
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$ |
8,804 |
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$ |
2,789 |
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$ |
49,974 |
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$ |
(52,763 |
) |
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$ |
8,804 |
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CONSOLIDATING CONDENSED
STATEMENT OF OPERATIONS
Fiscal Year
Ended September 28, 2013 (As Revised)
(in
thousands)
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|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
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$ |
453,001 |
|
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$ |
88,822 |
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$ |
1,186,328 |
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$ |
(74,518 |
) |
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$ |
1,653,633 |
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Cost of goods sold and
occupancy
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|
364,120 |
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73,068 |
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|
821,524 |
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(68,981 |
) |
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1,189,731 |
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Gross profit
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88,881 |
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|
15,754 |
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|
364,804 |
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(5,537 |
) |
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463,902 |
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Selling, general and
administrative expenses
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|
127,644 |
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|
19,340 |
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282,300 |
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(5,537 |
) |
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423,747 |
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Income (loss) from
operations
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(38,763 |
) |
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(3,586 |
) |
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|
82,504 |
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0 |
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|
40,155 |
|
Other (income)
expense
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|
250 |
|
|
|
(398 |
) |
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|
825 |
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0 |
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|
677 |
|
Interest expense
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|
42,925 |
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|
263 |
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|
(76 |
) |
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0 |
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|
43,112 |
|
Interest income
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|
140 |
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|
2 |
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0 |
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0 |
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|
142 |
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Income (loss) before taxes
and equity in earnings of affiliates
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|
(81,798 |
) |
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|
(3,449 |
) |
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|
81,755 |
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0 |
|
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|
(3,492 |
) |
Income tax expense
(benefit)
|
|
|
(46,789 |
) |
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|
(2,567 |
) |
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|
46,764 |
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0 |
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|
(2,592 |
) |
Equity in earnings of
affiliates
|
|
|
33,080 |
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|
|
0 |
|
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|
(2,561 |
) |
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|
(30,519 |
) |
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|
0 |
|
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|
|
|
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|
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|
|
|
|
|
|
|
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Net income (loss) including
noncontrolling interest
|
|
|
(1,929 |
) |
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|
(882 |
) |
|
|
32,430 |
|
|
|
(30,519 |
) |
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|
(900 |
) |
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,029 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,029 |
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Net income (loss)
attributable to Central Garden & Pet Company
|
|
$ |
(1,929 |
) |
|
$ |
(1,911 |
) |
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$ |
32,430 |
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$ |
(30,519 |
) |
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$ |
(1,929 |
) |
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CONSOLIDATING CONDENSED
STATEMENT OF OPERATIONS
Fiscal Year
Ended September 29, 2012 (As Revised)
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
483,337 |
|
|
$ |
97,804 |
|
|
$ |
1,218,521 |
|
|
$ |
(99,649 |
) |
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$ |
1,700,013 |
|
Cost of goods sold and
occupancy
|
|
|
360,236 |
|
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|
72,058 |
|
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|
847,889 |
|
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(94,328 |
) |
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|
1,185,855 |
|
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|
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|
|
|
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|
|
|
|
|
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|
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Gross profit
|
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|
123,101 |
|
|
|
25,746 |
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|
370,632 |
|
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|
(5,321 |
) |
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|
514,158 |
|
Selling, general and
administrative expenses
|
|
|
130,360 |
|
|
|
22,564 |
|
|
|
292,134 |
|
|
|
(5,321 |
) |
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|
439,737 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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Income (loss) from
operations
|
|
|
(7,259 |
) |
|
|
3,182 |
|
|
|
78,498 |
|
|
|
0 |
|
|
|
74,421 |
|
Other (income)
expense
|
|
|
(108 |
) |
|
|
3 |
|
|
|
(573 |
) |
|
|
0 |
|
|
|
(678 |
) |
Interest expense
|
|
|
40,071 |
|
|
|
396 |
|
|
|
(152 |
) |
|
|
0 |
|
|
|
40,315 |
|
Interest income
|
|
|
142 |
|
|
|
2 |
|
|
|
1 |
|
|
|
0 |
|
|
|
145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before taxes
and equity in earnings of affiliates
|
|
|
(47,080 |
) |
|
|
2,785 |
|
|
|
79,224 |
|
|
|
0 |
|
|
|
34,929 |
|
Income tax expense
(benefit)
|
|
|
(16,607 |
) |
|
|
1,477 |
|
|
|
27,946 |
|
|
|
0 |
|
|
|
12,816 |
|
Equity in earnings of
affiliates
|
|
|
51,646 |
|
|
|
0 |
|
|
|
1,579 |
|
|
|
(53,225 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) including
noncontrolling interest
|
|
|
21,173 |
|
|
|
1,308 |
|
|
|
52,857 |
|
|
|
(53,225 |
) |
|
|
22,113 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
940 |
|
|
|
0 |
|
|
|
0 |
|
|
|
940 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Net income attributable to
Central Garden & Pet Company
|
|
$ |
21,173 |
|
|
$ |
368 |
|
|
$ |
52,857 |
|
|
$ |
(53,225 |
) |
|
$ |
21,173 |
|
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|
Consolidating Condensed Statements of Comprehensive Income Based on Company's Understanding of SEC's Interpretation |
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CONSOLIDATING CONDENSED
STATEMENTS OF
COMPREHENSIVE INCOME (LOSS)
Fiscal Year
Ended September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
8,804 |
|
|
$ |
3,806 |
|
|
$ |
49,974 |
|
|
$ |
(52,763 |
) |
|
$ |
9,821 |
|
Other comprehensive
loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation
|
|
|
0 |
|
|
|
(200 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(200 |
) |
Unrealized loss on
securities
|
|
|
(10 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive
income
|
|
|
8,794 |
|
|
|
3,606 |
|
|
|
49,974 |
|
|
|
(52,763 |
) |
|
|
9,611 |
|
Comprehensive income
attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,017 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
attributable to Central Garden &Pet Company
|
|
$ |
8,794 |
|
|
$ |
2,589 |
|
|
$ |
49,974 |
|
|
$ |
(52,763 |
) |
|
$ |
8,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENTS OF
COMPREHENSIVE INCOME (LOSS)
Fiscal Year
Ended September 28, 2013 (As Revised)
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
(loss)
|
|
$ |
(1,929 |
) |
|
$ |
(882 |
) |
|
$ |
32,430 |
|
|
$ |
(30,519 |
) |
|
$ |
(900 |
) |
Other comprehensive
loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation
|
|
|
0 |
|
|
|
(97 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(97 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
(loss)
|
|
|
(1,929 |
) |
|
|
(979 |
) |
|
|
32,430 |
|
|
|
(30,519 |
) |
|
|
(997 |
) |
Comprehensive income
attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,029 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss
attributable to Central Garden &Pet Company
|
|
$ |
(1,929 |
) |
|
$ |
(2,008 |
) |
|
$ |
32,430 |
|
|
$ |
(30,519 |
) |
|
$ |
(2,026 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENTS OF
COMPREHENSIVE INCOME (LOSS)
Fiscal Ended
September 29, 2012 (As Revised)
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
21,173 |
|
|
$ |
1,308 |
|
|
$ |
52,857 |
|
|
$ |
(53,225 |
) |
|
$ |
22,113 |
|
Other comprehensive
income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation
|
|
|
0 |
|
|
|
520 |
|
|
|
0 |
|
|
|
0 |
|
|
|
520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive
income
|
|
|
21,173 |
|
|
|
1,828 |
|
|
|
52,857 |
|
|
|
(53,225 |
) |
|
|
22,633 |
|
Comprehensive income
attributable to noncontrolling interests
|
|
|
0 |
|
|
|
940 |
|
|
|
0 |
|
|
|
0 |
|
|
|
940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
attributable to Central Garden & Pet Company
|
|
$ |
21,173 |
|
|
$ |
888 |
|
|
$ |
52,857 |
|
|
$ |
(53,225 |
) |
|
$ |
21,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Balance Sheet Based on Company's Understanding of SEC's Interpretation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
BALANCE SHEET
September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$ |
63,471 |
|
|
$ |
12,806 |
|
|
$ |
2,399 |
|
|
$ |
0 |
|
|
$ |
78,676 |
|
Restricted cash
|
|
|
14,283 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14,283 |
|
Short term
investments
|
|
|
9,990 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
9,990 |
|
Accounts receivable,
net
|
|
|
41,235 |
|
|
|
8,268 |
|
|
|
144,226 |
|
|
|
0 |
|
|
|
193,729 |
|
Inventories
|
|
|
79,199 |
|
|
|
15,210 |
|
|
|
231,977 |
|
|
|
0 |
|
|
|
326,386 |
|
Prepaid expenses and other
assets
|
|
|
26,092 |
|
|
|
816 |
|
|
|
21,580 |
|
|
|
0 |
|
|
|
48,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
assets
|
|
|
234,270 |
|
|
|
37,100 |
|
|
|
400,182 |
|
|
|
0 |
|
|
|
671,552 |
|
Land, buildings,
improvements and equipment, net
|
|
|
63,059 |
|
|
|
3,649 |
|
|
|
100,141 |
|
|
|
0 |
|
|
|
166,849 |
|
Goodwill
|
|
|
0 |
|
|
|
0 |
|
|
|
208,233 |
|
|
|
0 |
|
|
|
208,233 |
|
Other long term
assets
|
|
|
25,230 |
|
|
|
4,244 |
|
|
|
83,713 |
|
|
|
(11,094 |
) |
|
|
102,093 |
|
Intercompany
receivable
|
|
|
16,906 |
|
|
|
0 |
|
|
|
351,423 |
|
|
|
(368,329 |
) |
|
|
0 |
|
Investment in
subsidiaries
|
|
|
983,413 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(983,413 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,322,878 |
|
|
$ |
44,993 |
|
|
$ |
1,143,692 |
|
|
$ |
(1,362,836 |
) |
|
$ |
1,148,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
28,937 |
|
|
$ |
3,542 |
|
|
$ |
55,949 |
|
|
$ |
0 |
|
|
$ |
88,428 |
|
Accrued expenses and other
liabilities
|
|
|
34,412 |
|
|
|
1,868 |
|
|
|
48,390 |
|
|
|
0 |
|
|
|
84,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
liabilities
|
|
|
63,349 |
|
|
|
5,410 |
|
|
|
104,339 |
|
|
|
0 |
|
|
|
173,098 |
|
Long-term debt
|
|
|
449,855 |
|
|
|
0 |
|
|
|
93 |
|
|
|
0 |
|
|
|
449,948 |
|
Intercompany
payable
|
|
|
323,315 |
|
|
|
45,014 |
|
|
|
0 |
|
|
|
(368,329 |
) |
|
|
0 |
|
Losses in excess of
investment in subsidiaries
|
|
|
0 |
|
|
|
0 |
|
|
|
7,594 |
|
|
|
(7,594 |
) |
|
|
0 |
|
Other long-term
obligations
|
|
|
1,636 |
|
|
|
0 |
|
|
|
48,686 |
|
|
|
(11,094 |
) |
|
|
39,228 |
|
Shareholders’ equity
attributable to Central Garden & Pet
|
|
|
484,723 |
|
|
|
(7,161 |
) |
|
|
982,980 |
|
|
|
(975,819 |
) |
|
|
484,723 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,730 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
484,723 |
|
|
|
(5,431 |
) |
|
|
982,980 |
|
|
|
(975,819 |
) |
|
|
486,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,322,878 |
|
|
$ |
44,993 |
|
|
$ |
1,143,692 |
|
|
$ |
(1,362,836 |
) |
|
$ |
1,148,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
BALANCE SHEET
September 28, 2013 (As Revised)
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$ |
5,438 |
|
|
$ |
7,003 |
|
|
$ |
2,715 |
|
|
$ |
0 |
|
|
$ |
15,156 |
|
Short term
investments
|
|
|
17,820 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17,820 |
|
Accounts receivable,
net
|
|
|
35,685 |
|
|
|
7,672 |
|
|
|
150,903 |
|
|
|
0 |
|
|
|
194,260 |
|
Inventories
|
|
|
95,025 |
|
|
|
19,225 |
|
|
|
277,684 |
|
|
|
0 |
|
|
|
391,934 |
|
Prepaid expenses and other
assets
|
|
|
24,032 |
|
|
|
887 |
|
|
|
28,565 |
|
|
|
0 |
|
|
|
53,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
assets
|
|
|
178,000 |
|
|
|
34,787 |
|
|
|
459,867 |
|
|
|
0 |
|
|
|
672,654 |
|
Land, buildings,
improvements and equipment, net
|
|
|
76,385 |
|
|
|
2,276 |
|
|
|
110,252 |
|
|
|
0 |
|
|
|
188,913 |
|
Goodwill
|
|
|
0 |
|
|
|
0 |
|
|
|
205,756 |
|
|
|
0 |
|
|
|
205,756 |
|
Other long term
assets
|
|
|
26,130 |
|
|
|
3,859 |
|
|
|
75,348 |
|
|
|
(11,500 |
) |
|
|
93,837 |
|
Intercompany
receivable
|
|
|
10,180 |
|
|
|
0 |
|
|
|
246,497 |
|
|
|
(256,677 |
) |
|
|
0 |
|
Investment in
subsidiaries
|
|
|
932,156 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(932,156 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,222,851 |
|
|
$ |
40,922 |
|
|
$ |
1,097,720 |
|
|
$ |
(1,200,333 |
) |
|
$ |
1,161,160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
33,538 |
|
|
$ |
2,794 |
|
|
$ |
67,237 |
|
|
$ |
0 |
|
|
$ |
103,569 |
|
Accrued expenses and other
liabilities
|
|
|
31,886 |
|
|
|
1,778 |
|
|
|
45,096 |
|
|
|
0 |
|
|
|
78,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
liabilities
|
|
|
65,424 |
|
|
|
4,572 |
|
|
|
112,333 |
|
|
|
0 |
|
|
|
182,329 |
|
Long-term debt
|
|
|
472,418 |
|
|
|
0 |
|
|
|
27 |
|
|
|
0 |
|
|
|
472,445 |
|
Intercompany
payable
|
|
|
214,258 |
|
|
|
42,419 |
|
|
|
0 |
|
|
|
(256,677 |
) |
|
|
0 |
|
Losses in excess of
investments in subsidiaries
|
|
|
0 |
|
|
|
0 |
|
|
|
6,565 |
|
|
|
(6,565 |
) |
|
|
0 |
|
Other long-term
obligations
|
|
|
2,073 |
|
|
|
0 |
|
|
|
45,789 |
|
|
|
(11,500 |
) |
|
|
36,362 |
|
Shareholders’ equity
attributable to Central Garden & Pet
|
|
|
468,678 |
|
|
|
(7,415 |
) |
|
|
933,006 |
|
|
|
(925,591 |
) |
|
|
468,678 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,346 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
468,678 |
|
|
|
(6,069 |
) |
|
|
933,006 |
|
|
|
(925,591 |
) |
|
|
470,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,222,851 |
|
|
$ |
40,922 |
|
|
$ |
1,097,720 |
|
|
$ |
(1,200,333 |
) |
|
$ |
1,161,160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Statement of Cash Flows Based on Company's Understanding of SEC's Interpretation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENT OF CASH FLOWS
Fiscal Year
Ended September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash (used) provided by
operating activities
|
|
$ |
(4,139 |
) |
|
$ |
7,420 |
|
|
$ |
125,720 |
|
|
$ |
(2,534 |
) |
|
$ |
126,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property,
plant and equipment
|
|
|
(6,721 |
) |
|
|
(1,027 |
) |
|
|
(9,425 |
) |
|
|
0 |
|
|
|
(17,173 |
) |
Businesses acquired, net of
cash acquired
|
|
|
0 |
|
|
|
0 |
|
|
|
(20,282 |
) |
|
|
0 |
|
|
|
(20,282 |
) |
Proceeds from disposal of
plant and equipment
|
|
|
0 |
|
|
|
0 |
|
|
|
8,737 |
|
|
|
0 |
|
|
|
8,737 |
|
Change in restricted cash
and cash equivalents
|
|
|
(14,283 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(14,283 |
) |
Maturities of short term
investments
|
|
|
17,820 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17,820 |
|
Investment in short term
investments
|
|
|
(10,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(10,000 |
) |
Intercompany investing
activities
|
|
|
(6,726 |
) |
|
|
0 |
|
|
|
(104,926 |
) |
|
|
111,652 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used) provided by
investing activities
|
|
|
(19,910 |
) |
|
|
(1,027 |
) |
|
|
(125,896 |
) |
|
|
111,652 |
|
|
|
(35,181 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving
line of credit
|
|
|
(301,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(301,000 |
) |
Borrowings on revolving
line of credit
|
|
|
278,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
278,000 |
|
Repayments of long-term
debt
|
|
|
(243 |
) |
|
|
0 |
|
|
|
(124 |
) |
|
|
0 |
|
|
|
(367 |
) |
Proceeds from issuance of
common stock
|
|
|
1,165 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,165 |
|
Excess tax benefits from
stock-based awards
|
|
|
498 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
498 |
|
Repurchase of common
stock
|
|
|
(2,332 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(2,332 |
) |
Payment of deferred
financing costs
|
|
|
(3,090 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(3,090 |
) |
Distribution to
parent
|
|
|
0 |
|
|
|
(2,534 |
) |
|
|
0 |
|
|
|
2,534 |
|
|
|
0 |
|
Distribution to
noncontrolling interest
|
|
|
0 |
|
|
|
(633 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(633 |
) |
Intercompany financing
activities
|
|
|
109,057 |
|
|
|
2,595 |
|
|
|
0 |
|
|
|
(111,652 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by
financing activities
|
|
|
82,055 |
|
|
|
(572 |
) |
|
|
(124 |
) |
|
|
(109,118 |
) |
|
|
(27,759 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on
cash
|
|
|
27 |
|
|
|
(18 |
) |
|
|
(16 |
) |
|
|
0 |
|
|
|
(7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in
cash and cash equivalents
|
|
|
58,033 |
|
|
|
5,803 |
|
|
|
(316 |
) |
|
|
0 |
|
|
|
63,520 |
|
Cash and cash equivalents
at beginning of year
|
|
|
5,438 |
|
|
|
7,003 |
|
|
|
2,715 |
|
|
|
0 |
|
|
|
15,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
at end of year
|
|
$ |
63,471 |
|
|
$ |
12,806 |
|
|
$ |
2,399 |
|
|
$ |
0 |
|
|
$ |
78,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENT OF CASH FLOWS
Fiscal Year
Ended September 28, 2013 (As Revised)
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash (used) provided by
operating activities
|
|
$ |
(31,250 |
) |
|
$ |
(11,632 |
) |
|
$ |
17,116 |
|
|
$ |
(2,516 |
) |
|
$ |
(28,282 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property,
plant and equipment
|
|
|
(8,656 |
) |
|
|
(337 |
) |
|
|
(16,179 |
) |
|
|
0 |
|
|
|
(25,172 |
) |
Businesses acquired, net of
cash acquired
|
|
|
0 |
|
|
|
0 |
|
|
|
(4,835 |
) |
|
|
0 |
|
|
|
(4,835 |
) |
Sale of short term
investments
|
|
|
4,885 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,885 |
|
Intercompany investing
activities
|
|
|
8,986 |
|
|
|
0 |
|
|
|
2,923 |
|
|
|
(11,909 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used) provided by
investing activities
|
|
|
5,215 |
|
|
|
(337 |
) |
|
|
(18,091 |
) |
|
|
(11,909 |
) |
|
|
(25,122 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving
line of credit
|
|
|
(368,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(368,000 |
) |
Borrowings on revolving
line of credit
|
|
|
391,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
391,000 |
|
Repayments of long-term
debt
|
|
|
(206 |
) |
|
|
0 |
|
|
|
(126 |
) |
|
|
0 |
|
|
|
(332 |
) |
Proceeds from issuance of
common stock
|
|
|
613 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
613 |
|
Excess tax benefits from
stock-based awards
|
|
|
388 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
388 |
|
Repurchase of common
stock
|
|
|
(2,731 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(2,731 |
) |
Distribution to
parent
|
|
|
0 |
|
|
|
(2,516 |
) |
|
|
0 |
|
|
|
2,516 |
|
|
|
0 |
|
Distribution to
noncontrolling interest
|
|
|
0 |
|
|
|
(629 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(629 |
) |
Intercompany financing
activities
|
|
|
(28,896 |
) |
|
|
16,987 |
|
|
|
0 |
|
|
|
11,909 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by
financing activities
|
|
|
(7,832 |
) |
|
|
13,842 |
|
|
|
(126 |
) |
|
|
14,425 |
|
|
|
20,309 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on
cash
|
|
|
36 |
|
|
|
(263 |
) |
|
|
3 |
|
|
|
0 |
|
|
|
(224 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in
cash and cash equivalents
|
|
|
(33,831 |
) |
|
|
1,610 |
|
|
|
(1,098 |
) |
|
|
0 |
|
|
|
(33,319 |
) |
Cash and cash equivalents
at beginning of year
|
|
|
39,269 |
|
|
|
5,393 |
|
|
|
3,813 |
|
|
|
0 |
|
|
|
48,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
at end of year
|
|
$ |
5,438 |
|
|
$ |
7,003 |
|
|
$ |
2,715 |
|
|
$ |
0 |
|
|
$ |
15,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENT OF CASH FLOWS
Fiscal Year
Ended September 29, 2012 (As Revised)
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash provided by
operating activities
|
|
$ |
7,978 |
|
|
$ |
16,008 |
|
|
$ |
65,183 |
|
|
$ |
0 |
|
|
$ |
89,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property,
plant and equipment
|
|
|
(20,357 |
) |
|
|
(378 |
) |
|
|
(18,857 |
) |
|
|
0 |
|
|
|
(39,592 |
) |
Investment in short term
investments
|
|
|
(4,885 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(4,885 |
) |
Intercompany investing
activities
|
|
|
5,153 |
|
|
|
0 |
|
|
|
(43,681 |
) |
|
|
38,528 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by
investing activities
|
|
|
(20,089 |
) |
|
|
(378 |
) |
|
|
(62,538 |
) |
|
|
38,528 |
|
|
|
(44,477 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving
line of credit
|
|
|
(339,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(339,000 |
) |
Borrowings on revolving
line of credit
|
|
|
304,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
304,000 |
|
Repayments of long-term
debt
|
|
|
(231 |
) |
|
|
0 |
|
|
|
(122 |
) |
|
|
0 |
|
|
|
(353 |
) |
Proceeds from the issuance
of long-term debt
|
|
|
49,312 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
49,312 |
|
Proceeds from issuance of
common stock
|
|
|
2,129 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,129 |
|
Excess tax benefits from
stock-based awards
|
|
|
1,881 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,881 |
|
Repurchase of common
stock
|
|
|
(24,829 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(24,829 |
) |
Payment of deferred
financing costs
|
|
|
(1,715 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(1,715 |
) |
Intercompany financing
activities
|
|
|
50,750 |
|
|
|
(12,222 |
) |
|
|
0 |
|
|
|
(38,528 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in financing
activities
|
|
|
42,297 |
|
|
|
(12,222 |
) |
|
|
(122 |
) |
|
|
(38,528 |
) |
|
|
(8,575 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on
cash
|
|
|
374 |
|
|
|
61 |
|
|
|
(108 |
) |
|
|
0 |
|
|
|
327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in
cash and cash equivalents
|
|
|
30,560 |
|
|
|
3,469 |
|
|
|
2,415 |
|
|
|
0 |
|
|
|
36,444 |
|
Cash and cash equivalents
at beginning of year
|
|
|
8,709 |
|
|
|
1,924 |
|
|
|
1,398 |
|
|
|
0 |
|
|
|
12,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
at end of year
|
|
$ |
39,269 |
|
|
$ |
5,393 |
|
|
$ |
3,813 |
|
|
$ |
0 |
|
|
$ |
48,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Error Corrections for Condensed Consolidated Financial Statements to Present Results for Non-Guarantor Subsidiaries |
The Company assessed the materiality of these
items on previously issued financial statements in accordance with
SEC Staff Accounting Bulletins No. 99 and No. 108, and
concluded that the revisions were not material to the Consolidating
Condensed Financial Statements. The impact of these revisions are
shown in the following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |
|
|
|
As previously reported
2013
|
|
|
Adjustments
2013
|
|
|
As revised
2013
|
|
Parent
|
|
$ |
(41,937 |
) |
|
$ |
3,174 |
|
|
$ |
(38,763 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(3,586 |
) |
|
|
(3,586 |
) |
Guarantor
subsidiaries
|
|
|
82,092 |
|
|
|
412 |
|
|
|
82,504 |
|
Eliminations
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
operations
|
|
|
40,155 |
|
|
|
0 |
|
|
|
40,155 |
|
|
|
|
|
Parent
|
|
|
(1,929 |
) |
|
|
0 |
|
|
|
(1,929 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(1,911 |
) |
|
|
(1,911 |
) |
Guarantor
subsidiaries
|
|
|
40,072 |
|
|
|
(7,642 |
) |
|
|
32,430 |
|
Eliminations
|
|
|
(40,072 |
) |
|
|
9,553 |
|
|
|
(30,519 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to Central Garden & Pet
Company
|
|
$ |
(1,929 |
) |
|
$ |
0 |
|
|
$ |
(1,929 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |
|
|
|
As previously reported
2012
|
|
|
Adjustments
2012
|
|
|
As revised
2012
|
|
Parent
|
|
$ |
(260 |
) |
|
$ |
(6,999 |
) |
|
$ |
(7,259 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
3,182 |
|
|
|
3,182 |
|
Guarantor
subsidiaries
|
|
|
74,681 |
|
|
|
3,817 |
|
|
|
78,498 |
|
Eliminations
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
operations
|
|
|
74,421 |
|
|
|
0 |
|
|
|
74,421 |
|
|
|
|
|
Parent
|
|
|
21,173 |
|
|
|
0 |
|
|
|
21,173 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
368 |
|
|
|
368 |
|
Guarantor
subsidiaries
|
|
|
50,763 |
|
|
|
2,094 |
|
|
|
52,857 |
|
Eliminations
|
|
|
(50,763 |
) |
|
|
(2,462 |
) |
|
|
(53,225 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable
to Central Garden & Pet Company
|
|
$ |
21,173 |
|
|
$ |
0 |
|
|
$ |
21,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING
CONDENSED
STATEMENT OF COMPREHENSIVE INCOME (LOSS) |
|
|
|
As previously reported
2013 |
|
|
Adjustments
2013 |
|
|
As revised
2013 |
|
Parent
|
|
$ |
(40,972 |
) |
|
$ |
39,043 |
|
|
$ |
(1,929 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(882 |
) |
|
|
(882 |
) |
Guarantor
subsidiaries
|
|
|
40,072 |
|
|
|
(7,642 |
) |
|
|
32,430 |
|
Eliminations
|
|
|
0 |
|
|
|
(30,519 |
) |
|
|
(30,519 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
|
(900 |
) |
|
|
0 |
|
|
|
(900 |
) |
|
|
|
|
Parent
|
|
|
(41,069 |
) |
|
|
39,140 |
|
|
|
(1,929 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(979 |
) |
|
|
(979 |
) |
Guarantor
subsidiaries
|
|
|
40,072 |
|
|
|
(7,642 |
) |
|
|
32,430 |
|
Eliminations
|
|
|
0 |
|
|
|
(30,519 |
) |
|
|
(30,519 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive
income (loss)
|
|
|
(997 |
) |
|
|
0 |
|
|
|
(997 |
) |
|
|
|
|
Parent
|
|
|
(42,098 |
) |
|
|
40,169 |
|
|
|
(1,929 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(2,008 |
) |
|
|
(2,008 |
) |
Guarantor
subsidiaries
|
|
|
40,072 |
|
|
|
(7,642 |
) |
|
|
32,430 |
|
Eliminations
|
|
|
0 |
|
|
|
(30,519 |
) |
|
|
(30,519 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
(loss) attributable to Central Garden & Pet
Company
|
|
$ |
(2,026 |
) |
|
$ |
0 |
|
|
$ |
(2,026 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING
CONDENSED
STATEMENT OF COMPREHENSIVE INCOME (LOSS) |
|
|
|
As previously reported
2012 |
|
|
Adjustments
2012 |
|
|
As revised
2012 |
|
Parent
|
|
$ |
(28,650 |
) |
|
$ |
49,823 |
|
|
$ |
21,173 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
1,308 |
|
|
|
1,308 |
|
Guarantor
subsidiaries
|
|
|
50,763 |
|
|
|
2,094 |
|
|
|
52,857 |
|
Eliminations
|
|
|
0 |
|
|
|
(53,225 |
) |
|
|
(53,225 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
|
22,113 |
|
|
|
0 |
|
|
|
22,113 |
|
|
|
|
|
Parent
|
|
|
(28,130 |
) |
|
|
49,303 |
|
|
|
21,173 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
1,828 |
|
|
|
1,828 |
|
Guarantor
subsidiaries
|
|
|
50,763 |
|
|
|
2,094 |
|
|
|
52,857 |
|
Eliminations
|
|
|
0 |
|
|
|
(53,225 |
) |
|
|
(53,225 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive
income (loss)
|
|
|
22,633 |
|
|
|
0 |
|
|
|
22,633 |
|
|
|
|
|
Parent
|
|
|
(29,070 |
) |
|
|
50,243 |
|
|
|
21,173 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
888 |
|
|
|
888 |
|
Guarantor
subsidiaries
|
|
|
50,763 |
|
|
|
2,094 |
|
|
|
52,857 |
|
Eliminations
|
|
|
0 |
|
|
|
(53,225 |
) |
|
|
(53,225 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
attributable to Central Garden & Pet
Company
|
|
$ |
21,693 |
|
|
$ |
0 |
|
|
$ |
21,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET |
|
|
|
As previously
reported
2013
|
|
|
Adjustments
2013
|
|
|
As
revised
2013
|
|
Parent
|
|
$ |
213,330 |
|
|
$ |
(35,330 |
) |
|
$ |
178,000 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
34,787 |
|
|
|
34,787 |
|
Guarantor
subsidiaries
|
|
|
462,458 |
|
|
|
(2,591 |
) |
|
|
459,867 |
|
Eliminations
|
|
|
(3,134 |
) |
|
|
3,134 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Current
assets
|
|
|
672,654 |
|
|
|
0 |
|
|
|
672,654 |
|
|
|
|
|
Parent
|
|
|
1,042,862 |
|
|
|
179,989 |
|
|
|
1,222,851 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
40,922 |
|
|
|
40,922 |
|
Guarantor
subsidiaries
|
|
|
815,047 |
|
|
|
282,673 |
|
|
|
1,097,720 |
|
Eliminations
|
|
|
(696,749 |
) |
|
|
(503,584 |
) |
|
|
(1,200,333 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
assets
|
|
$ |
1,161,160 |
|
|
$ |
0 |
|
|
$ |
1,161,160 |
|
|
|
|
|
Parent
|
|
$ |
70,533 |
|
|
$ |
(5,109 |
) |
|
$ |
65,424 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
4,572 |
|
|
|
4,572 |
|
Guarantor
subsidiaries
|
|
|
114,930 |
|
|
|
(2,597 |
) |
|
|
112,333 |
|
Eliminations
|
|
|
(3,134 |
) |
|
|
3,134 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
182,329 |
|
|
|
0 |
|
|
|
182,329 |
|
|
|
|
|
Parent
|
|
|
470,024 |
|
|
|
(1,346 |
) |
|
|
468,678 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(6,069 |
) |
|
|
(6,069 |
) |
Guarantor
subsidiaries
|
|
|
693,615 |
|
|
|
239,391 |
|
|
|
933,006 |
|
Eliminations
|
|
|
(693,615 |
) |
|
|
(231,976 |
) |
|
|
(925,591 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
equity
|
|
$ |
470,024 |
|
|
$ |
0 |
|
|
$ |
470,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS |
|
|
|
As previously reported
2013
|
|
|
Adjustments
2013
|
|
|
As revised
2013
|
|
Parent
|
|
$ |
(9,068 |
) |
|
$ |
(22,182 |
) |
|
$ |
(31,250 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(11,632 |
) |
|
|
(11,632 |
) |
Guarantor
subsidiaries
|
|
|
20,858 |
|
|
|
(3,742 |
) |
|
|
17,116 |
|
Eliminations
|
|
|
(40,072 |
) |
|
|
37,556 |
|
|
|
(2,516 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) operating activities
|
|
|
(28,282 |
) |
|
|
0 |
|
|
|
(28,282 |
) |
|
|
|
|
Parent
|
|
|
(43,361 |
) |
|
|
48,576 |
|
|
|
5,215 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(337 |
) |
|
|
(337 |
) |
Guarantor
subsidiaries
|
|
|
(21,833 |
) |
|
|
3,742 |
|
|
|
(18,091 |
) |
Eliminations
|
|
|
40,072 |
|
|
|
(51,981 |
) |
|
|
(11,909 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) investing activities
|
|
|
(25,122 |
) |
|
|
0 |
|
|
|
(25,122 |
) |
|
|
|
|
Parent
|
|
|
20,435 |
|
|
|
(28,267 |
) |
|
|
(7,832 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
13,842 |
|
|
|
13,842 |
|
Guarantor
subsidiaries
|
|
|
(126 |
) |
|
|
0 |
|
|
|
(126 |
) |
Eliminations
|
|
|
0 |
|
|
|
14,425 |
|
|
|
14,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) financing activities
|
|
$ |
20,309 |
|
|
$ |
0 |
|
|
$ |
20,309 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS |
|
|
|
As previously
reported
2012
|
|
|
Adjustments
2012
|
|
|
As
revised
2012
|
|
Parent
|
|
$ |
74,405 |
|
|
$ |
(66,427 |
) |
|
$ |
7,978 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
16,008 |
|
|
|
16,008 |
|
Guarantor
subsidiaries
|
|
|
65,527 |
|
|
|
(344 |
) |
|
|
65,183 |
|
Eliminations
|
|
|
(50,763 |
) |
|
|
50,763 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) operating activities
|
|
|
89,169 |
|
|
|
0 |
|
|
|
89,169 |
|
|
|
|
|
Parent
|
|
|
(32,357 |
) |
|
|
12,268 |
|
|
|
(20,089 |
) |
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(378 |
) |
|
|
(378 |
) |
Guarantor
subsidiaries
|
|
|
(62,883 |
) |
|
|
345 |
|
|
|
(62,538 |
) |
Eliminations
|
|
|
50,763 |
|
|
|
(12,235 |
) |
|
|
38,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) investing activities
|
|
|
(44,477 |
) |
|
|
0 |
|
|
|
(44,477 |
) |
|
|
|
|
Parent
|
|
|
(8,453 |
) |
|
|
50,750 |
|
|
|
42,297 |
|
Non-guarantor
subsidiaries
|
|
|
0 |
|
|
|
(12,222 |
) |
|
|
(12,222 |
) |
Guarantor
subsidiaries
|
|
|
(122 |
) |
|
|
0 |
|
|
|
(122 |
) |
Eliminations
|
|
|
0 |
|
|
|
(38,528 |
) |
|
|
(38,528 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) financing activities
|
|
$ |
(8,575 |
) |
|
$ |
0 |
|
|
$ |
(8,575 |
) |
|