Subsequent Events |
12 Months Ended |
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Sep. 24, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
Segrest Acquisition
On October 24, 2016, the Company purchased Segrest Inc., the leading wholesaler of aquarium fish, for a purchase price of $60 million, of which $6.0 million is contingent upon future events. The Company has not completed its initial purchase price allocation and, therefore, has not provided similar disclosures to those in Note 3 - Acquisitions and Investments in Joint Ventures. The acquisition is expected to strengthen Central's position in the aquatics category and provide the opportunity for significant synergies with the Company's existing aquatics business.
Veterinary Products Business
In November 2016, the Company sold a small veterinary products division, which had sales of $8.6 million in fiscal 2016. The business was not profitable over the last several years.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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