| Schedule of Financial Information Relating to Company's Business Segments |
These operating segments are the Pet segment and the Garden segment and are presented in the table below.
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Three Months Ended |
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December 25, 2021 |
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December 26, 2020 |
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(in thousands) |
| Net sales: |
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| Pet segment |
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$ |
436,002 |
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$ |
436,410 |
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| Garden segment |
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225,396 |
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155,820 |
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| Total net sales |
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$ |
661,398 |
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$ |
592,230 |
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| Operating Income |
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| Pet segment |
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45,251 |
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43,525 |
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| Garden segment |
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6,057 |
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4,651 |
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| Corporate |
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(25,094) |
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(21,136) |
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| Total operating income |
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26,214 |
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27,040 |
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| Interest expense - net |
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(14,408) |
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(20,769) |
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| Other income (expense) |
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(209) |
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752 |
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| Income tax expense |
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2,401 |
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1,381 |
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| Income including noncontrolling interest |
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9,196 |
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5,642 |
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| Net income attributable to noncontrolling interest |
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187 |
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29 |
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| Net income attributable to Central Garden & Pet Company |
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$ |
9,009 |
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$ |
5,613 |
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| Depreciation and amortization: |
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| Pet segment |
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$ |
9,549 |
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$ |
9,085 |
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| Garden segment |
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9,620 |
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2,638 |
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| Corporate |
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1,033 |
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1,192 |
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| Total depreciation and amortization |
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$ |
20,202 |
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$ |
12,915 |
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December 25, 2021 |
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December 26, 2020 |
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September 25, 2021 |
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(in thousands) |
| Assets: |
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| Pet segment |
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$ |
992,788 |
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$ |
911,787 |
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$ |
966,437 |
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| Garden segment |
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1,417,011 |
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599,097 |
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1,313,899 |
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| Corporate |
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708,242 |
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935,215 |
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836,344 |
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| Total assets |
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$ |
3,118,041 |
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$ |
2,446,099 |
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$ |
3,116,680 |
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| Goodwill (included in corporate assets above): |
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| Pet segment |
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$ |
277,067 |
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$ |
277,067 |
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$ |
277,067 |
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| Garden segment |
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92,324 |
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12,888 |
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92,324 |
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| Total goodwill |
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$ |
369,391 |
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$ |
289,955 |
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$ |
369,391 |
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The tables below presents the Company's disaggregated revenues by segment:
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Three Months Ended December 25, 2021 |
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Pet Segment |
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Garden Segment |
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Total |
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(in millions) |
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| Other pet products |
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$ |
153.6 |
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$ |
— |
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$ |
153.6 |
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| Dog and cat products |
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144.9 |
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— |
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144.9 |
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| Other manufacturers' products |
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104.5 |
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49.4 |
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153.9 |
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| Wild bird products |
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33.0 |
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54.7 |
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87.7 |
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| Other garden supplies |
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— |
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121.3 |
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121.3 |
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| Total |
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$ |
436.0 |
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$ |
225.4 |
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$ |
661.4 |
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Three Months Ended December 26, 2020 |
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Pet Segment |
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Garden Segment |
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Total |
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(in millions) |
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| Other pet products |
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$ |
144.2 |
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$ |
— |
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$ |
144.2 |
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| Dog and cat products |
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155.5 |
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— |
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155.5 |
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| Other manufacturers' products |
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98.7 |
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44.0 |
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142.7 |
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| Wild bird products |
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38.0 |
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30.6 |
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68.6 |
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| Other garden supplies |
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— |
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81.2 |
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81.2 |
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| Total |
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$ |
436.4 |
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$ |
155.8 |
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$ |
592.2 |
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