Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables)
|
9 Months Ended |
Jun. 27, 2015 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
Consolidating Condensed Statement of Operations |
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CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Three Months Ended June 27, 2015
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
133,886 |
|
|
$ |
31,291 |
|
|
$ |
319,470 |
|
|
$ |
(25,201 |
) |
|
$ |
459,446 |
|
Cost of goods sold and occupancy
|
|
|
104,121 |
|
|
|
22,399 |
|
|
|
214,110 |
|
|
|
(23,221 |
) |
|
|
317,409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
29,765 |
|
|
|
8,892 |
|
|
|
105,360 |
|
|
|
(1,980 |
) |
|
|
142,037 |
|
Selling, general and administrative expenses
|
|
|
31,223 |
|
|
|
5,461 |
|
|
|
68,340 |
|
|
|
(1,980 |
) |
|
|
103,044 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
(1,458 |
) |
|
|
3,431 |
|
|
|
37,020 |
|
|
|
(0 |
) |
|
|
38,993 |
|
Interest expense
|
|
|
(8,924 |
) |
|
|
(52 |
) |
|
|
(2 |
) |
|
|
(0 |
) |
|
|
(8,978 |
) |
Interest income
|
|
|
6 |
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
7 |
|
Other income
|
|
|
318 |
|
|
|
0 |
|
|
|
267 |
|
|
|
(0 |
) |
|
|
585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before taxes and equity in earnings of affiliates
|
|
|
(10,058 |
) |
|
|
3,380 |
|
|
|
37,285 |
|
|
|
(0 |
) |
|
|
30,607 |
|
Income tax expense (benefit)
|
|
|
(3,982 |
) |
|
|
1,265 |
|
|
|
14,201 |
|
|
|
(0 |
) |
|
|
11,484 |
|
Equity in earnings of affiliates
|
|
|
24,876 |
|
|
|
0 |
|
|
|
1,780 |
|
|
|
(26,656 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
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|
Net income including noncontrolling interest
|
|
|
18,800 |
|
|
|
2,115 |
|
|
|
24,864 |
|
|
|
(26,656 |
) |
|
|
19,123 |
|
Net income attributable to noncontrolling interest
|
|
|
0 |
|
|
|
323 |
|
|
|
0 |
|
|
|
0 |
|
|
|
323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net income attributable to Central Garden & Pet
Company
|
|
$ |
18,800 |
|
|
$ |
1,792 |
|
|
$ |
24,864 |
|
|
$ |
(26,656 |
) |
|
$ |
18,800 |
|
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CONSOLIDATING CONDENSED STATEMENT OF
OPERATIONS
Three Months Ended June 28, 2014 (As Revised)
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
124,433 |
|
|
$ |
38,251 |
|
|
$ |
300,652 |
|
|
$ |
(25,349 |
) |
|
$ |
437,987 |
|
Cost of goods sold and occupancy
|
|
|
109,833 |
|
|
|
31,182 |
|
|
|
201,249 |
|
|
|
(23,408 |
) |
|
|
318,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
14,600 |
|
|
|
7,069 |
|
|
|
99,403 |
|
|
|
(1,941 |
) |
|
|
119,131 |
|
Selling, general and administrative expenses
|
|
|
27,659 |
|
|
|
4,582 |
|
|
|
70,405 |
|
|
|
(1,941 |
) |
|
|
100,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Income (loss) from operations
|
|
|
(13,059 |
) |
|
|
2,487 |
|
|
|
28,998 |
|
|
|
0 |
|
|
|
18,426 |
|
Interest expense
|
|
|
(10,390 |
) |
|
|
(20 |
) |
|
|
(19 |
) |
|
|
0 |
|
|
|
(10,429 |
) |
Interest income
|
|
|
14 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14 |
|
Other income
|
|
|
237 |
|
|
|
0 |
|
|
|
219 |
|
|
|
0 |
|
|
|
456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Income (loss) before taxes and equity in earnings of affiliates
|
|
|
(23,198 |
) |
|
|
2,467 |
|
|
|
29,198 |
|
|
|
0 |
|
|
|
8,467 |
|
Income tax expense (benefit)
|
|
|
(8,737 |
) |
|
|
862 |
|
|
|
11,008 |
|
|
|
0 |
|
|
|
3,133 |
|
Equity in earnings of affiliates
|
|
|
19,148 |
|
|
|
0 |
|
|
|
580 |
|
|
|
(19,728 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income including noncontrolling interest
|
|
|
4,687 |
|
|
|
1,605 |
|
|
|
18,770 |
|
|
|
(19,728 |
) |
|
|
5,334 |
|
Net income attributable to noncontrolling interest
|
|
|
0 |
|
|
|
647 |
|
|
|
0 |
|
|
|
0 |
|
|
|
647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Central Garden & Pet
Company
|
|
$ |
4,687 |
|
|
$ |
958 |
|
|
$ |
18,770 |
|
|
$ |
(19,728 |
) |
|
$ |
4,687 |
|
|
|
|
|
|
|
|
|
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CONSOLIDATING CONDENSED STATEMENT OF
OPERATIONS
Nine Months Ended June 27, 2015
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
380,862 |
|
|
$ |
86,048 |
|
|
$ |
865,589 |
|
|
$ |
(68,131 |
) |
|
$ |
1,264,368 |
|
Cost of goods sold and occupancy
|
|
|
296,568 |
|
|
|
66,522 |
|
|
|
584,604 |
|
|
|
(63,406 |
) |
|
|
884,288 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
84,294 |
|
|
|
19,526 |
|
|
|
280,985 |
|
|
|
(4,725 |
) |
|
|
380,080 |
|
Selling, general and administrative expenses
|
|
|
89,917 |
|
|
|
14,799 |
|
|
|
189,987 |
|
|
|
(4,725 |
) |
|
|
289,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
(5,623 |
) |
|
|
4,727 |
|
|
|
90,998 |
|
|
|
(0 |
) |
|
|
90,102 |
|
Interest expense
|
|
|
(31,226 |
) |
|
|
(128 |
) |
|
|
(3 |
) |
|
|
(0 |
) |
|
|
(31,357 |
) |
Interest income
|
|
|
94 |
|
|
|
2 |
|
|
|
0 |
|
|
|
0 |
|
|
|
96 |
|
Other income (expense)
|
|
|
(359 |
) |
|
|
(0 |
) |
|
|
455 |
|
|
|
(0 |
) |
|
|
96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before taxes and equity in earnings of affiliates
|
|
|
(37,114 |
) |
|
|
4,601 |
|
|
|
91,450 |
|
|
|
(0 |
) |
|
|
58,937 |
|
Income tax expense (benefit)
|
|
|
(13,562 |
) |
|
|
1,773 |
|
|
|
33,316 |
|
|
|
(0 |
) |
|
|
21,527 |
|
Equity in earnings of affiliates
|
|
|
59,892 |
|
|
|
0 |
|
|
|
1,989 |
|
|
|
(61,881 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income including noncontrolling interest
|
|
|
36,340 |
|
|
|
2,828 |
|
|
|
60,123 |
|
|
|
(61,881 |
) |
|
|
37,410 |
|
Net income attributable to noncontrolling interest
|
|
|
0 |
|
|
|
1,070 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Central Garden & Pet
Company
|
|
$ |
36,340 |
|
|
$ |
1,758 |
|
|
$ |
60,123 |
|
|
$ |
(61,881 |
) |
|
$ |
36,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF
OPERATIONS
Nine Months Ended June 28, 2014 (As Revised)
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
356,715 |
|
|
$ |
92,046 |
|
|
$ |
844,334 |
|
|
$ |
(62,976 |
) |
|
$ |
1,230,119 |
|
Cost of goods sold and occupancy
|
|
|
287,782 |
|
|
|
72,843 |
|
|
|
581,614 |
|
|
|
(58,588 |
) |
|
|
883,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
68,933 |
|
|
|
19,203 |
|
|
|
262,720 |
|
|
|
(4,388 |
) |
|
|
346,468 |
|
Selling, general and administrative expenses
|
|
|
83,313 |
|
|
|
14,594 |
|
|
|
198,109 |
|
|
|
(4,388 |
) |
|
|
291,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
(14,380 |
) |
|
|
4,609 |
|
|
|
64,611 |
|
|
|
0 |
|
|
|
54,840 |
|
Interest expense
|
|
|
(32,956 |
) |
|
|
(51 |
) |
|
|
(44 |
) |
|
|
0 |
|
|
|
(33,051 |
) |
Interest income
|
|
|
43 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
43 |
|
Other income
|
|
|
244 |
|
|
|
0 |
|
|
|
152 |
|
|
|
0 |
|
|
|
396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before taxes and equity in earnings of affiliates
|
|
|
(47,049 |
) |
|
|
4,558 |
|
|
|
64,719 |
|
|
|
0 |
|
|
|
22,228 |
|
Income tax expense (benefit)
|
|
|
(17,555 |
) |
|
|
1,773 |
|
|
|
23,999 |
|
|
|
0 |
|
|
|
8,217 |
|
Equity in earnings of affiliates
|
|
|
42,368 |
|
|
|
0 |
|
|
|
1,633 |
|
|
|
(44,001 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income including noncontrolling interest
|
|
|
12,874 |
|
|
|
2,785 |
|
|
|
42,353 |
|
|
|
(44,001 |
) |
|
|
14,011 |
|
Net income attributable to noncontrolling interest
|
|
|
0 |
|
|
|
1,137 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Central Garden & Pet
Company
|
|
$ |
12,874 |
|
|
$ |
1,648 |
|
|
$ |
42,353 |
|
|
$ |
(44,001 |
) |
|
$ |
12,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Statements of Comprehensive Income (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(LOSS)
Three Months Ended June 27, 2015
(in thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
18,800 |
|
|
$ |
2,115 |
|
|
$ |
24,864 |
|
|
$ |
(26,656 |
) |
|
$ |
19,123 |
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
|
|
|
615 |
|
|
|
456 |
|
|
|
24 |
|
|
|
(480 |
) |
|
|
615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
19,415 |
|
|
|
2,571 |
|
|
|
24,888 |
|
|
|
(27,136 |
) |
|
|
19,738 |
|
Comprehensive income attributable to noncontrolling interests
|
|
|
0 |
|
|
|
323 |
|
|
|
0 |
|
|
|
0 |
|
|
|
323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Central Garden &Pet
Company
|
|
$ |
19,415 |
|
|
$ |
2,248 |
|
|
$ |
24,888 |
|
|
$ |
(27,136 |
) |
|
$ |
19,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Three Months Ended June 28, 2014 (As Revised)
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
4,687 |
|
|
$ |
1,605 |
|
|
$ |
18,770 |
|
|
$ |
(19,728 |
) |
|
$ |
5,334 |
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
|
|
|
0 |
|
|
|
339 |
|
|
|
0 |
|
|
|
0 |
|
|
|
339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
4,687 |
|
|
|
1,944 |
|
|
|
18,770 |
|
|
|
(19,728 |
) |
|
|
5,673 |
|
Comprehensive income attributable to noncontrolling interests
|
|
|
0 |
|
|
|
647 |
|
|
|
0 |
|
|
|
0 |
|
|
|
647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Central Garden &Pet
Company
|
|
$ |
4,687 |
|
|
$ |
1,297 |
|
|
$ |
18,770 |
|
|
$ |
(19,728 |
) |
|
$ |
5,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Nine Months Ended June 27, 2015
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
36,340 |
|
|
$ |
2,828 |
|
|
$ |
60,123 |
|
|
$ |
(61,881 |
) |
|
$ |
37,410 |
|
Other comprehensive income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized loss on securities
|
|
|
(10 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(10 |
) |
Reclassification of realized loss on securities included in net
income
|
|
|
20 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
20 |
|
Foreign currency translation
|
|
|
(563 |
) |
|
|
(244 |
) |
|
|
(244 |
) |
|
|
488 |
|
|
|
(563 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
35,787 |
|
|
|
2,584 |
|
|
|
59,879 |
|
|
|
(61,393 |
) |
|
|
36,857 |
|
Comprehensive income attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,070 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Central Garden &Pet
Company
|
|
$ |
35,787 |
|
|
$ |
1,514 |
|
|
$ |
59,879 |
|
|
$ |
(61,393 |
) |
|
$ |
35,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Nine Months Ended June 28, 2014 (As Revised)
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
12,874 |
|
|
$ |
2,785 |
|
|
$ |
42,353 |
|
|
$ |
(44,001 |
) |
|
$ |
14,011 |
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
|
|
|
0 |
|
|
|
426 |
|
|
|
0 |
|
|
|
0 |
|
|
|
426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
|
|
|
12,874 |
|
|
|
3,211 |
|
|
|
42,353 |
|
|
|
(44,001 |
) |
|
|
14,437 |
|
Comprehensive income attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,137 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income attributable to Central Garden &Pet
Company
|
|
$ |
12,874 |
|
|
$ |
2,074 |
|
|
$ |
42,353 |
|
|
$ |
(44,001 |
) |
|
$ |
13,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Balance Sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE
SHEET
June 27, 2015
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
30,640 |
|
|
$ |
10,606 |
|
|
$ |
2,595 |
|
|
$ |
0 |
|
|
$ |
43,841 |
|
Restricted cash
|
|
|
12,590 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
12,590 |
|
Accounts receivable, net
|
|
|
56,528 |
|
|
|
11,152 |
|
|
|
155,469 |
|
|
|
0 |
|
|
|
223,149 |
|
Inventories
|
|
|
86,211 |
|
|
|
14,409 |
|
|
|
239,613 |
|
|
|
0 |
|
|
|
340,233 |
|
Prepaid expenses and other
|
|
|
25,727 |
|
|
|
1,260 |
|
|
|
27,571 |
|
|
|
0 |
|
|
|
54,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
211,696 |
|
|
|
37,427 |
|
|
|
425,248 |
|
|
|
0 |
|
|
|
674,371 |
|
Land, buildings, improvements and equipment, net
|
|
|
54,176 |
|
|
|
3,540 |
|
|
|
105,253 |
|
|
|
0 |
|
|
|
162,969 |
|
Goodwill
|
|
|
0 |
|
|
|
0 |
|
|
|
209,089 |
|
|
|
0 |
|
|
|
209,089 |
|
Other long term assets
|
|
|
31,739 |
|
|
|
3,877 |
|
|
|
80,193 |
|
|
|
(3,017 |
) |
|
|
112,792 |
|
Intercompany receivable
|
|
|
36,989 |
|
|
|
0 |
|
|
|
386,955 |
|
|
|
(423,944 |
) |
|
|
0 |
|
Investment in subsidiaries
|
|
|
1,042,817 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(1,042,817 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,377,417 |
|
|
$ |
44,844 |
|
|
$ |
1,206,738 |
|
|
$ |
(1,469,778 |
) |
|
$ |
1,159,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
28,927 |
|
|
$ |
6,501 |
|
|
$ |
54,995 |
|
|
$ |
0 |
|
|
$ |
90,423 |
|
Accrued expenses
|
|
|
59,275 |
|
|
|
2,928 |
|
|
|
47,867 |
|
|
|
0 |
|
|
|
110,070 |
|
Current portion of long-term debt
|
|
|
260 |
|
|
|
0 |
|
|
|
30 |
|
|
|
0 |
|
|
|
290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
88,462 |
|
|
|
9,429 |
|
|
|
102,892 |
|
|
|
0 |
|
|
|
200,783 |
|
Long-term debt
|
|
|
399,806 |
|
|
|
0 |
|
|
|
73 |
|
|
|
0 |
|
|
|
399,879 |
|
Intercompany payable
|
|
|
377,284 |
|
|
|
46,660 |
|
|
|
0 |
|
|
|
(423,944 |
) |
|
|
0 |
|
Losses in excess of investment in subsidiaries
|
|
|
0 |
|
|
|
0 |
|
|
|
12,324 |
|
|
|
(12,324 |
) |
|
|
0 |
|
Other long-term obligations
|
|
|
1,573 |
|
|
|
0 |
|
|
|
48,591 |
|
|
|
(3,017 |
) |
|
|
47,147 |
|
Total Central Garden & Pet shareholders’ equity
|
|
|
510,292 |
|
|
|
(12,365 |
) |
|
|
1,042,858 |
|
|
|
(1,030,493 |
) |
|
|
510,292 |
|
Noncontrolling interest
|
|
|
0 |
|
|
|
1,120 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
510,292 |
|
|
|
(11,245 |
) |
|
|
1,042,858 |
|
|
|
(1,030,493 |
) |
|
|
511,412 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,377,417 |
|
|
$ |
44,844 |
|
|
$ |
1,206,738 |
|
|
$ |
(1,469,778 |
) |
|
$ |
1,159,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE
SHEET
June 28, 2014 (As Revised)
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
16,182 |
|
|
$ |
12,863 |
|
|
$ |
2,801 |
|
|
$ |
0 |
|
|
$ |
31,846 |
|
Short term investments
|
|
|
14,220 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14,220 |
|
Accounts receivable, net
|
|
|
50,219 |
|
|
|
12,220 |
|
|
|
151,681 |
|
|
|
0 |
|
|
|
214,120 |
|
Inventories
|
|
|
87,570 |
|
|
|
18,551 |
|
|
|
258,914 |
|
|
|
0 |
|
|
|
365,035 |
|
Prepaid expenses and other
|
|
|
25,489 |
|
|
|
1,102 |
|
|
|
27,098 |
|
|
|
0 |
|
|
|
53,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
193,680 |
|
|
|
44,736 |
|
|
|
440,494 |
|
|
|
0 |
|
|
|
678,910 |
|
Land, buildings, improvements and equipment, net
|
|
|
71,940 |
|
|
|
3,512 |
|
|
|
102,208 |
|
|
|
0 |
|
|
|
177,660 |
|
Goodwill
|
|
|
0 |
|
|
|
0 |
|
|
|
205,756 |
|
|
|
0 |
|
|
|
205,756 |
|
Other long term assets
|
|
|
17,147 |
|
|
|
3,492 |
|
|
|
85,679 |
|
|
|
(2,706 |
) |
|
|
103,612 |
|
Intercompany receivable
|
|
|
38,865 |
|
|
|
0 |
|
|
|
287,318 |
|
|
|
(326,183 |
) |
|
|
0 |
|
Investment in subsidiaries
|
|
|
974,815 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(974,815 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,296,447 |
|
|
$ |
51,740 |
|
|
$ |
1,121,455 |
|
|
$ |
(1,303,704 |
) |
|
$ |
1,165,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
31,968 |
|
|
$ |
7,765 |
|
|
$ |
50,226 |
|
|
$ |
0 |
|
|
$ |
89,959 |
|
Accrued expenses
|
|
|
42,836 |
|
|
|
2,688 |
|
|
|
43,997 |
|
|
|
0 |
|
|
|
89,521 |
|
Current portion of long-term debt
|
|
|
266 |
|
|
|
0 |
|
|
|
30 |
|
|
|
0 |
|
|
|
296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
75,070 |
|
|
|
10,453 |
|
|
|
94,253 |
|
|
|
0 |
|
|
|
179,776 |
|
Long-term debt
|
|
|
449,887 |
|
|
|
0 |
|
|
|
107 |
|
|
|
0 |
|
|
|
449,994 |
|
Intercompany payable
|
|
|
278,840 |
|
|
|
47,343 |
|
|
|
0 |
|
|
|
(326,183 |
) |
|
|
|
|
Losses in excess of investment in subsidiaries
|
|
|
0 |
|
|
|
0 |
|
|
|
7,467 |
|
|
|
(7,467 |
) |
|
|
0 |
|
Other long-term obligations
|
|
|
1,568 |
|
|
|
0 |
|
|
|
44,374 |
|
|
|
(2,706 |
) |
|
|
43,236 |
|
Total Central Garden & Pet shareholders’ equity
|
|
|
491,082 |
|
|
|
(7,906 |
) |
|
|
975,254 |
|
|
|
(967,348 |
) |
|
|
491,082 |
|
Noncontrolling interest
|
|
|
0 |
|
|
|
1,850 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
491,082 |
|
|
|
(6,056 |
) |
|
|
975,254 |
|
|
|
(967,348 |
) |
|
|
492,932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,296,447 |
|
|
$ |
51,740 |
|
|
$ |
1,121,455 |
|
|
$ |
(1,303,704 |
) |
|
$ |
1,165,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
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
|
|
|
34,151 |
|
|
|
1,868 |
|
|
|
48,360 |
|
|
|
0 |
|
|
|
84,379 |
|
Current portion of long term debt
|
|
|
261 |
|
|
|
0 |
|
|
|
30 |
|
|
|
0 |
|
|
|
291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
63,349 |
|
|
|
5,410 |
|
|
|
104,339 |
|
|
|
0 |
|
|
|
173,098 |
|
Long-term debt
|
|
|
449,855 |
|
|
|
0 |
|
|
|
93 |
|
|
|
0 |
|
|
|
449,948 |
|
Intercompany payable
|
|
|
323,314 |
|
|
|
45,015 |
|
|
|
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 |
|
Total Central Garden & Pet shareholders’ equity
|
|
|
484,724 |
|
|
|
(7,162 |
) |
|
|
982,980 |
|
|
|
(975,819 |
) |
|
|
484,723 |
|
Noncontrolling interest
|
|
|
0 |
|
|
|
1,730 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
484,724 |
|
|
|
(5,432 |
) |
|
|
982,980 |
|
|
|
(975,819 |
) |
|
|
486,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,322,878 |
|
|
$ |
44,993 |
|
|
$ |
1,143,692 |
|
|
$ |
(1,362,836 |
) |
|
$ |
1,148,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Statement of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF
CASH FLOWS
Nine Months Ended June 27, 2015
(in thousands)
|
|
|
|
Parent |
|
|
Non-
Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Net cash provided by operating activities
|
|
$ |
6,844 |
|
|
$ |
4,862 |
|
|
$ |
51,610 |
|
|
$ |
(6,719 |
) |
|
$ |
56,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property, plant and equipment
|
|
|
(2,044 |
) |
|
|
(180 |
) |
|
|
(15,936 |
) |
|
|
(0 |
) |
|
|
(18,160 |
) |
Payments to acquire companies, net of cash acquired
|
|
|
(16,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(16,000 |
) |
Change in restricted cash and cash equivalents
|
|
|
1,693 |
|
|
|
(0 |
) |
|
|
(0 |
) |
|
|
(0 |
) |
|
|
1,693 |
|
Maturities of short term investments
|
|
|
9,997 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
9,997 |
|
Investment in short term investments
|
|
|
(17 |
) |
|
|
(0 |
) |
|
|
(0 |
) |
|
|
(0 |
) |
|
|
(17 |
) |
Other investing activities
|
|
|
(489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(489 |
) |
Intercompany investing activities
|
|
|
(20,083 |
) |
|
|
(0 |
) |
|
|
(35,533 |
) |
|
|
55,616 |
|
|
|
(0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used by investing activities
|
|
|
(26,943 |
) |
|
|
(180 |
) |
|
|
(51,469 |
) |
|
|
55,616 |
|
|
|
(22,976 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving line of credit
|
|
|
(312,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(312,000 |
) |
Borrowings on revolving line of credit
|
|
|
312,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
312,000 |
|
Repayments of long-term debt
|
|
|
(50,196 |
) |
|
|
(0 |
) |
|
|
(20 |
) |
|
|
(0 |
) |
|
|
(50,216 |
) |
Proceeds from issuance of common stock
|
|
|
2,148 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,148 |
|
Excess tax benefits from stock-based awards
|
|
|
685 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
685 |
|
Repurchase of common stock
|
|
|
(19,021 |
) |
|
|
(0 |
) |
|
|
(0 |
) |
|
|
(0 |
) |
|
|
(19,021 |
) |
Distribution to parent
|
|
|
0 |
|
|
|
(6,719 |
) |
|
|
0 |
|
|
|
6,719 |
|
|
|
0 |
|
Distribution to noncontrolling interest
|
|
|
0 |
|
|
|
(1,680 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(1,680 |
) |
Intercompany financing activities
|
|
|
53,971 |
|
|
|
1,645 |
|
|
|
0 |
|
|
|
(55,616 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used by financing activities
|
|
|
(12,413 |
) |
|
|
(6,754 |
) |
|
|
(20 |
) |
|
|
(48,897 |
) |
|
|
(68,084 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash
|
|
|
(319 |
) |
|
|
(128 |
) |
|
|
75 |
|
|
|
(0 |
) |
|
|
(372 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
(32,831 |
) |
|
|
(2,200 |
) |
|
|
196 |
|
|
|
0 |
|
|
|
(34,835 |
) |
Cash and cash equivalents at beginning of period
|
|
|
63,471 |
|
|
|
12,806 |
|
|
|
2,399 |
|
|
|
0 |
|
|
|
78,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$ |
30,640 |
|
|
$ |
10,606 |
|
|
$ |
2,595 |
|
|
$ |
0 |
|
|
$ |
43,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF
CASH FLOWS
Nine Months Ended June 28, 2014 (As Revised)
(in thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries
|
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Net cash provided by operating activities
|
|
$ |
2,881 |
|
|
$ |
5,764 |
|
|
$ |
62,740 |
|
|
$ |
(2,534 |
) |
|
$ |
68,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property, plant and equipment
|
|
|
(5,728 |
) |
|
|
(1,482 |
) |
|
|
(6,497 |
) |
|
|
0 |
|
|
|
(13,707 |
) |
Proceeds from sale of property and equipment, net of expenses
|
|
|
0 |
|
|
|
0 |
|
|
|
5,171 |
|
|
|
0 |
|
|
|
5,171 |
|
Payments to acquire companies, net of cash acquired
|
|
|
0 |
|
|
|
0 |
|
|
|
(20,262 |
) |
|
|
0 |
|
|
|
(20,262 |
) |
Maturities of short term investments
|
|
|
3,600 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
3,600 |
|
Intercompany investing activities
|
|
|
(28,685 |
) |
|
|
0 |
|
|
|
(40,821 |
) |
|
|
69,506 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used by investing activities
|
|
|
(30,813 |
) |
|
|
(1,482 |
) |
|
|
(62,409 |
) |
|
|
69,506 |
|
|
|
(25,198 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
(172 |
) |
|
|
0 |
|
|
|
(110 |
) |
|
|
0 |
|
|
|
(282 |
) |
Proceeds from issuance of common stock
|
|
|
594 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
594 |
|
Excess tax benefits from stock-based awards
|
|
|
422 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
422 |
|
Repurchase of common stock
|
|
|
(1,190 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(1,190 |
) |
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
|
|
|
64,582 |
|
|
|
4,924 |
|
|
|
0 |
|
|
|
(69,506 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by financing activities
|
|
|
38,146 |
|
|
|
1,757 |
|
|
|
(110 |
) |
|
|
(66,972 |
) |
|
|
(27,179 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash
|
|
|
530 |
|
|
|
(179 |
) |
|
|
(135 |
) |
|
|
0 |
|
|
|
216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents
|
|
|
10,744 |
|
|
|
5,860 |
|
|
|
86 |
|
|
|
0 |
|
|
|
16,690 |
|
Cash and cash equivalents at beginning of period
|
|
|
5,438 |
|
|
|
7,003 |
|
|
|
2,715 |
|
|
|
0 |
|
|
|
15,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$ |
16,182 |
|
|
$ |
12,863 |
|
|
$ |
2,801 |
|
|
$ |
0 |
|
|
$ |
31,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Error Corrections for Consolidating Condensed 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 is shown in the
following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Three Months Ended June 28, 2014
(in thousands)
|
|
|
|
As previously reported
|
|
|
Adjustments |
|
|
As revised |
|
Parent
|
|
$ |
(10,448 |
) |
|
$ |
(2,611 |
) |
|
$ |
(13,059 |
) |
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
2,487 |
|
|
|
2,487 |
|
Guarantor subsidiaries
|
|
|
28,874 |
|
|
|
124 |
|
|
|
28,998 |
|
Eliminations
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
18,426 |
|
|
|
0 |
|
|
|
18,426 |
|
Parent
|
|
|
4,687 |
|
|
|
0 |
|
|
|
4,687 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
958 |
|
|
|
958 |
|
Guarantor subsidiaries
|
|
|
19,869 |
|
|
|
(1,099 |
) |
|
|
18,770 |
|
Eliminations
|
|
|
(19,869 |
) |
|
|
141 |
|
|
|
(19,728 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Central Garden & Pet
Company
|
|
$ |
4,687 |
|
|
$ |
0 |
|
|
$ |
4,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Nine Months Ended June 28, 2014
(in thousands)
|
|
|
|
As previously reported
|
|
|
Adjustments |
|
|
As revised |
|
Parent
|
|
$ |
(9,296 |
) |
|
$ |
(5,084 |
) |
|
$ |
(14,380 |
) |
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
4,609 |
|
|
|
4,609 |
|
Guarantor subsidiaries
|
|
|
64,136 |
|
|
|
475 |
|
|
|
64,611 |
|
Eliminations
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from operations
|
|
|
54,840 |
|
|
|
0 |
|
|
|
54,840 |
|
Parent
|
|
|
12,874 |
|
|
|
0 |
|
|
|
12,874 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
1,648 |
|
|
|
1,648 |
|
Guarantor subsidiaries
|
|
|
43,277 |
|
|
|
(924 |
) |
|
|
42,353 |
|
Eliminations
|
|
|
(43,277 |
) |
|
|
(724 |
) |
|
|
(44,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Central Garden & Pet
Company
|
|
$ |
12,874 |
|
|
$ |
0 |
|
|
$ |
12,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT
OF COMPREHENSIVE INCOME
Three Months Ended June 28, 2014
(in thousands)
|
|
|
|
As previously reported
|
|
|
Adjustments |
|
|
As revised |
|
Parent
|
|
$ |
(14,535 |
) |
|
$ |
19,222 |
|
|
$ |
4,687 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
1,605 |
|
|
|
1,605 |
|
Guarantor subsidiaries
|
|
|
19,869 |
|
|
|
(1,099 |
) |
|
|
18,770 |
|
Eliminations
|
|
|
0 |
|
|
|
(19,728 |
) |
|
|
(19,728 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
5,334 |
|
|
|
0 |
|
|
|
5,334 |
|
Parent
|
|
|
(14,196 |
) |
|
|
18,883 |
|
|
|
4,687 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
1,944 |
|
|
|
1,944 |
|
Guarantor subsidiaries
|
|
|
19,869 |
|
|
|
(1,099 |
) |
|
|
18,770 |
|
Eliminations
|
|
|
0 |
|
|
|
(19,728 |
) |
|
|
(19,728 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income (loss)
|
|
|
5,673 |
|
|
|
0 |
|
|
|
5,673 |
|
Parent
|
|
|
(14,843 |
) |
|
|
19,530 |
|
|
|
4,687 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
1,297 |
|
|
|
1,297 |
|
Guarantor subsidiaries
|
|
|
19,869 |
|
|
|
(1,099 |
) |
|
|
18,770 |
|
Eliminations
|
|
|
0 |
|
|
|
(19,728 |
) |
|
|
(19,728 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to Central
Garden & Pet Company
|
|
$ |
5,026 |
|
|
$ |
0 |
|
|
$ |
5,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT
OF COMPREHENSIVE INCOME
Nine Months Ended June 28, 2014
(in thousands)
|
|
|
|
As previously reported
|
|
|
Adjustments |
|
|
As revised |
|
Parent
|
|
$ |
(29,266 |
) |
|
$ |
42,140 |
|
|
$ |
12,874 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
2,785 |
|
|
|
2,785 |
|
Guarantor subsidiaries
|
|
|
43,277 |
|
|
|
(924 |
) |
|
|
42,353 |
|
Eliminations
|
|
|
0 |
|
|
|
(44,001 |
) |
|
|
(44,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
14,011 |
|
|
|
0 |
|
|
|
14,011 |
|
Parent
|
|
|
(28,840 |
) |
|
|
41,714 |
|
|
|
12,874 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
3,211 |
|
|
|
3,211 |
|
Guarantor subsidiaries
|
|
|
43,277 |
|
|
|
(924 |
) |
|
|
42,353 |
|
Eliminations
|
|
|
0 |
|
|
|
(44,001 |
) |
|
|
(44,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income (loss)
|
|
|
14,437 |
|
|
|
0 |
|
|
|
14,437 |
|
Parent
|
|
|
(29,977 |
) |
|
|
42,851 |
|
|
|
12,874 |
|
Non-guarantor subsidiaries
|
|
|
0 |
|
|
|
2,074 |
|
|
|
2,074 |
|
Guarantor subsidiaries
|
|
|
43,277 |
|
|
|
(924 |
) |
|
|
42,353 |
|
Eliminations
|
|
|
0 |
|
|
|
(44,001 |
) |
|
|
(44,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to Central
Garden & Pet Company
|
|
$ |
13,300 |
|
|
$ |
0 |
|
|
$ |
13,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET
June 28, 2014
(in thousands)
|
|
|
|
As previously reported
|
|
|
Adjustments |
|
|
As revised |
|
Parent
|
|
$ |
240,108 |
|
|
$ |
(46,428 |
) |
|
$ |
193,680 |
|
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
44,736 |
|
|
|
44,736 |
|
Guarantor subsidiaries
|
|
|
441,922 |
|
|
|
(1,428 |
) |
|
|
440,494 |
|
Eliminations
|
|
|
(3,120 |
) |
|
|
3,120 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
678,910 |
|
|
|
0 |
|
|
|
678,910 |
|
Parent
|
|
|
1,066,208 |
|
|
|
230,239 |
|
|
|
1,296,447 |
|
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
51,740 |
|
|
|
51,740 |
|
Guarantor subsidiaries
|
|
|
796,926 |
|
|
|
324,529 |
|
|
|
1,121,455 |
|
Eliminations
|
|
|
(697,196 |
) |
|
|
(606,508 |
) |
|
|
(1,303,704 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
1,165,938 |
|
|
$ |
0 |
|
|
$ |
1,165,938 |
|
Parent
|
|
$ |
85,213 |
|
|
$ |
(10,143 |
) |
|
$ |
75,070 |
|
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
10,453 |
|
|
|
10,453 |
|
Guarantor subsidiaries
|
|
|
97,683 |
|
|
|
(3,430 |
) |
|
|
94,253 |
|
Eliminations
|
|
|
(3,120 |
) |
|
|
3,120 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities
|
|
|
179,776 |
|
|
|
0 |
|
|
|
179,776 |
|
Parent
|
|
|
492,932 |
|
|
|
(1,850 |
) |
|
|
491,082 |
|
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
(6,056 |
) |
|
|
(6,056 |
) |
Guarantor subsidiaries
|
|
|
694,076 |
|
|
|
281,178 |
|
|
|
975,254 |
|
Eliminations
|
|
|
(694,076 |
) |
|
|
(273,272 |
) |
|
|
(967,348 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
$ |
492,932 |
|
|
$ |
0 |
|
|
$ |
492,932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Nine Months Ended June 28, 2014
|
|
|
|
As
previously reported |
|
|
Adjustments |
|
|
As revised |
|
Parent
|
|
$ |
47,393 |
|
|
$ |
(44,512 |
) |
|
$ |
2,881 |
|
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
5,764 |
|
|
|
5,764 |
|
Guarantor subsidiaries
|
|
|
64,735 |
|
|
|
(1,995 |
) |
|
|
62,740 |
|
Eliminations
|
|
|
(43,277 |
) |
|
|
40,743 |
|
|
|
(2,534 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities
|
|
|
68,851 |
|
|
|
0 |
|
|
|
68,851 |
|
Parent
|
|
|
(4,071 |
) |
|
|
(26,742 |
) |
|
|
(30,813 |
) |
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
(1,482 |
) |
|
|
(1,482 |
) |
Guarantor subsidiaries
|
|
|
(64,404 |
) |
|
|
1,995 |
|
|
|
(62,409 |
) |
Eliminations
|
|
|
43,277 |
|
|
|
26,229 |
|
|
|
69,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities
|
|
|
(25,198 |
) |
|
|
0 |
|
|
|
(25,198 |
) |
Parent
|
|
|
(27,069 |
) |
|
|
65,215 |
|
|
|
38,146 |
|
Non-Guarantor subsidiaries
|
|
|
0 |
|
|
|
1,757 |
|
|
|
1,757 |
|
Guarantor subsidiaries
|
|
|
(110 |
) |
|
|
0 |
|
|
|
(110 |
) |
Eliminations
|
|
|
0 |
|
|
|
(66,972 |
) |
|
|
(66,972 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities
|
|
$ |
(27,179 |
) |
|
$ |
0 |
|
|
$ |
(27,179 |
) |
|