Annual report pursuant to Section 13 and 15(d)

Acquisitions and Investments in Joint Ventures (Tables)

v3.21.2
Acquisitions and Investments in Joint Ventures (Tables)
12 Months Ended
Sep. 25, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recording of Fair Values of Assets Acquired and Liabilities Assumed The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
Amounts Previously Recognized as of Acquisition Date (1) Measurement Period Adjustments Amounts Recognized as of Acquisition Date (as Adjusted)
(in thousands)
Current assets, net of cash and cash equivalents acquired $ 3,922  $ —  $ 3,922 
Fixed assets 3,047  —  3,047 
Goodwill —  68,512  68,512 
Other assets 80,412  (80,412) — 
Other intangible assets, net —  11,900  11,900 
Current liabilities (6,446) —  (6,446)
Net assets acquired, less cash and cash equivalents $ 80,935  $ —  $ 80,935 
(1) As previously reported in the Company's Form 10-Q for the period ended June 26, 2021.The following table summarizes the purchase price and recording of fair values of the assets acquired
and liabilities assumed as of the acquisition date and subsequent adjustments.
Amounts Previously Recognized as of Acquisition Date (1) Measurement Period Adjustments Amounts Recognized as of Acquisition Date (as Adjusted)
(in thousands)
Current assets, net of cash and cash equivalents acquired $ 39,046  $ 3,742  $ 42,788 
Fixed assets 31,940  (326) 31,614 
Goodwill —  10,924  10,924 
Other assets 18,470  (18,470) — 
Other intangible assets, net —  4,130  4,130 
Current liabilities (6,767) —  (6,767)
Other long-term liabilities (1,301) —  (1,301)
Net assets acquired, less cash and cash equivalents $ 81,388  $ —  $ 81,388 
(1) As previously reported in the Company's Form 10-Q for the period ended June 26, 2021.
The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
Amounts Previously Recognized as of Acquisition Date (1) Measurement Period Adjustments Amounts Recognized as of Acquisition Date (as Adjusted)
(in thousands)
Current assets, net of cash and cash equivalents acquired $ 9,794  $ 441  $ 10,235 
Fixed assets 23,743  (3,786) 19,957 
Goodwill —  3,878  3,878 
Other assets 5,081  (3,242) 1,839 
Other intangible assets, net —  2,810  2,810 
Current liabilities (2,137) —  (2,137)
Long-term obligations (6,457) (101) (6,558)
Net assets acquired, less cash and cash equivalents $ 30,024  $ —  $ 30,024 
(1) As previously reported in the Company's Form 10-Q for the period ended December 28, 2019.The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
Amounts Previously Recognized as of Acquisition Date (1) Measurement Period Adjustments Amounts Recognized as  of Acquisition Date (as Adjusted)
(in thousands)
Current assets, net of cash and cash equivalents acquired $ 51,211  $ 1,540  $ 52,751 
Fixed assets 6,311  5,376  11,687 
Other Assets 14,868  (14,868) — 
Goodwill —  4,900  4,900 
Intangible assets —  10,930  10,930 
Current liabilities (19,853) —  (19,853)
Short-term debt (22,000) —  (22,000)
Long-term debt (19,400) —  (19,400)
Fair value of the Company's initial investment —  (7,878) (7,878)
Net assets acquired, less cash and cash equivalents $ 11,137  $ —  $ 11,137 
(1) As previously reported in the Company's Form 10-Q for the periods ended March 30, 2019 and June 29, 2019.
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information summarizes the combined results of operations for Central and Green Garden Products as if the companies were combined as of the beginning of fiscal year 2020.
Fiscal Year Ended
September 25, 2021 September 26, 2020
in thousands except per share amounts
Net sales $ 3,357,977  $ 2,850,678 
Net income attributable to Central Garden & Pet Company $ 175,508  $ 146,277 
Diluted net income per share attributable to Central Garden & Pet Company $ 3.18  $ 2.67