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 25, 2016 |
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June 27, 2015 |
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June 25, 2016 |
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June 27, 2015 |
Net sales: |
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Pet segment |
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$ |
287,213 |
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$ |
238,126 |
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$ |
811,203 |
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$ |
658,931 |
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Garden segment |
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227,331 |
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221,320 |
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604,402 |
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605,437 |
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Total net sales |
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$ |
514,544 |
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$ |
459,446 |
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$ |
1,415,605 |
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$ |
1,264,368 |
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Income (loss) from operations: |
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Pet segment |
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38,759 |
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32,939 |
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97,363 |
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80,565 |
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Garden segment |
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26,452 |
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23,458 |
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67,605 |
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59,248 |
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Corporate |
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(17,026 |
) |
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(17,404 |
) |
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(48,607 |
) |
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(49,711 |
) |
Total income from operations |
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48,185 |
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38,993 |
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116,361 |
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90,102 |
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Interest expense - net |
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(6,921 |
) |
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(8,971 |
) |
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(36,131 |
) |
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(31,261 |
) |
Other income (expense) |
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318 |
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585 |
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(243 |
) |
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96 |
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Income tax expense |
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14,916 |
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11,484 |
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28,509 |
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21,527 |
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Income including noncontrolling interest |
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26,666 |
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19,123 |
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51,478 |
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37,410 |
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Net income attributable to noncontrolling interest |
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636 |
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323 |
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1,353 |
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1,070 |
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Net income attributable to Central Garden & Pet Company |
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$ |
26,030 |
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$ |
18,800 |
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$ |
50,125 |
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$ |
36,340 |
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Depreciation and amortization: |
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Pet segment |
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$ |
6,700 |
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3,891 |
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$ |
16,120 |
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$ |
11,710 |
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Garden segment |
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1,542 |
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1,465 |
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4,586 |
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4,514 |
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Corporate |
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2,842 |
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2,906 |
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8,580 |
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8,852 |
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Total depreciation and amortization |
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$ |
11,084 |
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$ |
8,262 |
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$ |
29,286 |
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$ |
25,076 |
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June 25, 2016 |
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June 27, 2015 |
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September 26, 2015 |
Assets: |
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Pet segment |
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$ |
523,281 |
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$ |
450,198 |
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$ |
465,171 |
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Garden segment |
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327,768 |
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352,147 |
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310,981 |
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Corporate |
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365,858 |
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353,392 |
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355,445 |
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Total assets |
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$ |
1,216,907 |
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$ |
1,155,737 |
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$ |
1,131,597 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
229,713 |
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$ |
209,089 |
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$ |
209,089 |
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Garden segment |
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3,298 |
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— |
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— |
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Total goodwill |
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$ |
233,011 |
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$ |
209,089 |
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$ |
209,089 |
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