Annual report pursuant to Section 13 and 15(d)

Acquisitions and Investments in Joint Ventures (Tables)

v3.22.2.2
Acquisitions and Investments in Joint Ventures (Tables)
 12 Months Ended
Sep. 24, 2022
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 $ 118,421  $ 31,826  $ 150,247 
Fixed assets 2,340  —  2,340 
Goodwill —  142,582  142,582 
Other intangible assets, net —  392,929  392,929 
Other assets 487,420  (487,259) 161 
Operating lease right-of-use assets 14,577  —  14,577 
Current liabilities (26,507) —  (26,507)
Long-term lease liabilities (10,912) —  (10,912)
Deferred income taxes and other long-term obligations (14,829) (80,078) (94,907)
Net assets acquired, less cash and cash equivalents $ 570,510  $ —  $ 570,510 
(1) As previously reported in the Company's Form 10-K for the fiscal year ended September 25, 2021.The financial results of D&D have been included in the results of operations within the Garden segment since the date of acquisition.
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 $ 17,183  $ 465  $ 17,648 
Fixed assets 6,907  1,823  8,730 
Goodwill —  34,463  34,463 
Other assets 101,218  (101,051) 167 
Other intangible assets, net —  64,300  64,300 
Current liabilities (7,183) —  (7,183)
Long-term debt (30,000) —  (30,000)
Net assets acquired, less cash and cash equivalents $ 88,125  $ —  $ 88,125 
(1) As previously reported in the Company's Form 10-K for the fiscal year ended September 25, 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 $ 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.
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 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