Financial Information Relating to Company's Business Segments |
These operating segments are Pet segment and Garden segment and are presented in the table below (in thousands).
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Three Months Ended |
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Six Months Ended |
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March 31, 2018 |
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March 25, 2017 |
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March 31, 2018 |
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March 25, 2017 |
Net sales: |
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Pet segment |
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$ |
321,653 |
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$ |
298,393 |
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$ |
646,737 |
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$ |
602,439 |
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Garden segment |
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291,441 |
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271,531 |
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|
408,368 |
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|
386,983 |
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Total net sales |
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$ |
613,094 |
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$ |
569,924 |
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$ |
1,055,105 |
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$ |
989,422 |
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Operating Income |
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Pet segment |
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32,784 |
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34,645 |
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68,960 |
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68,051 |
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Garden segment |
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50,746 |
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46,005 |
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53,046 |
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48,681 |
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Corporate |
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(17,744 |
) |
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(16,790 |
) |
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(33,699 |
) |
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(32,934 |
) |
Total operating income |
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65,786 |
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63,860 |
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88,307 |
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83,798 |
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Interest expense - net |
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(9,882 |
) |
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(6,822 |
) |
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(17,100 |
) |
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(13,657 |
) |
Other income (expense) |
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1,505 |
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(965 |
) |
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(1,584 |
) |
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(1,932 |
) |
Income tax expense (benefit) |
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11,643 |
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20,824 |
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(2,593 |
) |
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25,171 |
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Income including noncontrolling interest |
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45,766 |
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35,249 |
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72,216 |
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43,038 |
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Net income attributable to noncontrolling interest |
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532 |
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565 |
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735 |
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717 |
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Net income attributable to Central Garden & Pet Company |
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$ |
45,234 |
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$ |
34,684 |
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$ |
71,481 |
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$ |
42,321 |
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Depreciation and amortization: |
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Pet segment |
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$ |
6,944 |
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6,174 |
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$ |
14,089 |
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$ |
12,004 |
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Garden segment |
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1,707 |
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1,528 |
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3,276 |
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3,035 |
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Corporate |
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2,471 |
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2,633 |
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4,920 |
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5,305 |
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Total depreciation and amortization |
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$ |
11,122 |
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$ |
10,335 |
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$ |
22,285 |
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$ |
20,344 |
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March 31, 2018 |
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March 25, 2017 |
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September 30, 2017 |
Assets: |
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Pet segment |
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$ |
660,344 |
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$ |
612,189 |
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$ |
612,337 |
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Garden segment |
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581,105 |
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|
478,919 |
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|
311,026 |
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Corporate |
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462,514 |
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277,356 |
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383,543 |
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Total assets |
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$ |
1,703,963 |
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$ |
1,368,464 |
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$ |
1,306,906 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
262,770 |
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$ |
224,912 |
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$ |
250,802 |
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Garden segment |
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5,473 |
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|
5,473 |
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|
5,473 |
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Total goodwill |
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$ |
268,243 |
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$ |
230,385 |
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$ |
256,275 |
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