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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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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