Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2
Segment Information
 9 Months Ended
Jun. 25, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Management has determined that the Company has two operating segments, which are also reportable segments based on the level at which the Chief Operating Decision Maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are the Pet segment and the Garden segment and are presented in the table below.

 
  Three Months Ended Nine Months Ended
  June 25, 2022 June 26, 2021 June 25, 2022 June 26, 2021
(in thousands)
Net sales:
Pet segment $ 504,781  $ 507,788  $ 1,438,423  $ 1,436,170 
Garden segment 510,597  529,287  1,192,723  1,128,387 
Total net sales $ 1,015,378  $ 1,037,075  $ 2,631,146  $ 2,564,557 
Operating Income
Pet segment 62,616  71,021  168,512  176,604 
Garden segment 75,564  67,037  152,132  137,650 
Corporate (24,101) (24,817) (73,506) (69,363)
Total operating income 114,079  113,241  247,138  244,891 
Interest expense - net (14,335) (13,086) (43,445) (44,006)
Other income (expense) (759) (1,086) (1,337) 370 
Income tax expense 23,430  22,315  47,319  45,260 
Income including noncontrolling interest 75,555  76,754  155,037  155,995 
Net income attributable to noncontrolling interest 135  568  895  1,242 
Net income attributable to Central Garden & Pet Company $ 75,420  $ 76,186  $ 154,142  $ 154,753 
Depreciation and amortization:
Pet segment $ 9,791  $ 8,960  $ 28,879  $ 26,927 
Garden segment 9,118  10,808  26,457  22,250 
Corporate 975  1,222  2,997  3,582 
Total depreciation and amortization $ 19,884  $ 20,990  $ 58,333  $ 52,759 
 
June 25, 2022 June 26, 2021 September 25, 2021
(in thousands)
Assets:
Pet segment $ 1,098,886  $ 976,189  $ 966,437 
Garden segment 1,498,856  1,328,664  1,313,899 
Corporate 748,184  818,651  836,344 
Total assets $ 3,345,926  $ 3,123,504  $ 3,116,680 
Goodwill (included in corporate assets above):
Pet segment $ 277,067  $ 277,067  $ 277,067 
Garden segment 234,906  12,888  92,324 
Total goodwill $ 511,973  $ 289,955  $ 369,391 
The tables below presents the Company's disaggregated revenues by segment:
Three Months Ended June 25, 2022 Nine Months Ended June 25, 2022
Pet Segment Garden Segment Total Pet Segment Garden Segment Total
(in millions) (in millions)
Other pet products $ 233.3  $ —  $ 233.3  $ 610.5  $ —  $ 610.5 
Dog and cat products 122.5  —  122.5  396.7  —  396.7 
Other manufacturers' products 102.4  112.7  215.1  305.5  257.5  563.0 
Wild bird products 46.6  79.4  126.0  125.7  207.0  332.7 
Other garden supplies —  318.5  318.5  —  728.2  728.2 
     Total $ 504.8  $ 510.6  $ 1,015.4  $ 1,438.4  $ 1,192.7  $ 2,631.1 
Three Months Ended June 26, 2021 Nine Months Ended June 26, 2021
Pet Segment Garden Segment Total Pet Segment Garden Segment Total
(in millions) (in millions)
Other pet products $ 234.7  $ —  $ 234.7  $ 591.1  $ —  $ 591.1 
Dog and cat products 131.9  —  131.9  420.6  —  420.6 
Other manufacturers' products 98.4  126.0  224.4  296.2  274.9  571.1 
Wild bird products 42.8  47.3  90.1  128.3  121.9  250.2 
Other garden supplies —  356.0  356.0  —  731.6  731.6 
     Total $ 507.8  $ 529.3  $ 1,037.1  $ 1,436.2  $ 1,128.4  $ 2,564.6