| 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).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
March 26,
2016 |
|
March 28,
2015 |
|
March 26,
2016 |
|
March 28,
2015 |
Net sales: |
|
|
|
|
|
|
|
|
Pet segment |
|
$ |
275,328 |
|
|
$ |
221,485 |
|
|
$ |
523,990 |
|
|
$ |
420,805 |
|
Garden segment |
|
265,921 |
|
|
276,117 |
|
|
377,071 |
|
|
384,117 |
|
Total net sales |
|
$ |
541,249 |
|
|
$ |
497,602 |
|
|
$ |
901,061 |
|
|
$ |
804,922 |
|
Income (loss) from operations: |
|
|
|
|
|
|
|
|
Pet segment |
|
32,409 |
|
|
27,051 |
|
|
58,604 |
|
|
47,626 |
|
Garden segment |
|
44,407 |
|
|
39,325 |
|
|
41,153 |
|
|
35,790 |
|
Corporate |
|
(17,413 |
) |
|
(16,405 |
) |
|
(31,581 |
) |
|
(32,307 |
) |
Total income from operations |
|
59,403 |
|
|
49,971 |
|
|
68,176 |
|
|
51,109 |
|
Interest expense - net |
|
(7,087 |
) |
|
(11,858 |
) |
|
(29,210 |
) |
|
(22,290 |
) |
Other expense |
|
(88 |
) |
|
(121 |
) |
|
(561 |
) |
|
(489 |
) |
Income tax expense |
|
18,793 |
|
|
14,012 |
|
|
13,593 |
|
|
10,043 |
|
Income including noncontrolling interest |
|
33,435 |
|
|
23,980 |
|
|
24,812 |
|
|
18,287 |
|
Net income attributable to noncontrolling interest |
|
738 |
|
|
743 |
|
|
717 |
|
|
747 |
|
Net income attributable to Central Garden & Pet Company |
|
$ |
32,697 |
|
|
$ |
23,237 |
|
|
$ |
24,095 |
|
|
$ |
17,540 |
|
Depreciation and amortization: |
|
|
|
|
|
|
|
|
Pet segment |
|
$ |
4,956 |
|
|
3,878 |
|
|
$ |
9,420 |
|
|
$ |
7,819 |
|
Garden segment |
|
1,359 |
|
|
1,483 |
|
|
3,044 |
|
|
3,049 |
|
Corporate |
|
2,854 |
|
|
2,989 |
|
|
5,738 |
|
|
5,946 |
|
Total depreciation and amortization |
|
$ |
9,169 |
|
|
$ |
8,350 |
|
|
$ |
18,202 |
|
|
$ |
16,814 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 26,
2016 |
|
March 28,
2015 |
|
September 26,
2015 |
Assets: |
|
|
|
|
|
|
Pet segment |
|
$ |
538,901 |
|
|
$ |
450,240 |
|
|
$ |
465,171 |
|
Garden segment |
|
467,026 |
|
|
490,514 |
|
|
310,981 |
|
Corporate |
|
317,172 |
|
|
328,443 |
|
|
355,445 |
|
Total assets |
|
$ |
1,323,099 |
|
|
$ |
1,269,197 |
|
|
$ |
1,131,597 |
|
Goodwill (included in corporate assets above): |
|
|
|
|
|
|
Pet segment |
|
$ |
210,455 |
|
|
$ |
209,089 |
|
|
$ |
209,089 |
|
Garden segment |
|
3,298 |
|
|
— |
|
|
— |
|
Total goodwill |
|
$ |
213,753 |
|
|
$ |
209,089 |
|
|
$ |
209,089 |
|
|