| 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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Nine Months Ended |
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June 27,
2015 |
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June 28,
2014 |
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June 27,
2015 |
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June 28,
2014 |
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Net sales:
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Pet segment
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$ |
238,126 |
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$ |
227,082 |
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$ |
658,931 |
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$ |
628,431 |
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Garden segment
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221,320 |
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210,905 |
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605,437 |
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601,688 |
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Total net sales
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$ |
459,446 |
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$ |
437,987 |
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$ |
1,264,368 |
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$ |
1,230,119 |
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Income (loss) from operations:
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Pet segment
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32,939 |
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28,435 |
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80,565 |
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67,014 |
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Garden segment
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23,458 |
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4,011 |
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59,248 |
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34,579 |
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Corporate
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(17,404 |
) |
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(14,020 |
) |
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(49,711 |
) |
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(46,753 |
) |
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Total income from operations
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38,993 |
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18,426 |
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90,102 |
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54,840 |
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Interest expense - net
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(8,971 |
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(10,415 |
) |
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(31,261 |
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(33,008 |
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Other income
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|
585 |
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456 |
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|
96 |
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396 |
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Income taxes
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11,484 |
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3,133 |
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21,527 |
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8,217 |
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Income including noncontrolling interest
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19,123 |
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5,334 |
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37,410 |
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14,011 |
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Net income attributable to noncontrolling interest
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323 |
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647 |
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1,070 |
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1,137 |
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Net income attributable to Central Garden & Pet
Company
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$ |
18,800 |
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$ |
4,687 |
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$ |
36,340 |
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$ |
12,874 |
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Depreciation and amortization:
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Pet segment
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$ |
3,891 |
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$ |
4,483 |
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$ |
11,710 |
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$ |
12,853 |
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Garden segment
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1,465 |
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1,721 |
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4,514 |
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5,126 |
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Corporate
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2,906 |
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2,967 |
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8,852 |
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8,704 |
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Total depreciation and amortization
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$ |
8,262 |
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$ |
9,171 |
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$ |
25,076 |
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$ |
26,683 |
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June 27,
2015 |
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June 28,
2014 |
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September 27,
2014
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Assets:
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Pet segment
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$ |
450,198 |
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$ |
444,740 |
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$ |
414,279 |
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Garden segment
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352,147 |
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372,175 |
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337,461 |
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Corporate
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356,876 |
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349,023 |
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396,987 |
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Total assets
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$ |
1,159,221 |
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$ |
1,165,938 |
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$ |
1,148,727 |
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Goodwill (included in corporate assets above):
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Pet segment
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$ |
209,089 |
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$ |
205,756 |
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$ |
208,233 |
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