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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December 28, 2019 |
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December 29, 2018 |
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Net sales: |
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Pet segment |
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$ |
354,021 |
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$ |
340,416 |
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Garden segment |
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128,807 |
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121,574 |
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Total net sales |
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$ |
482,828 |
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$ |
461,990 |
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Operating Income (loss) |
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Pet segment |
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30,222 |
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29,755 |
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Garden segment |
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(8,368) |
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(4,637) |
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Corporate |
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(19,789) |
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(14,937) |
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Total operating income |
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2,065 |
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10,181 |
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Interest expense - net |
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(8,637) |
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(8,077) |
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Other income (expense) |
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305 |
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(192) |
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Income tax expense (benefit) |
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(1,728) |
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273 |
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Income (loss) including noncontrolling interest |
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(4,539) |
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1,639 |
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Net loss attributable to noncontrolling interest |
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(122) |
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(164) |
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Net income (loss) attributable to Central Garden & Pet Company |
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$ |
(4,417) |
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$ |
1,803 |
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Depreciation and amortization: |
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Pet segment |
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$ |
8,490 |
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$ |
8,056 |
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Garden segment |
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3,295 |
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2,826 |
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Corporate |
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1,355 |
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1,470 |
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Total depreciation and amortization |
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$ |
13,140 |
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$ |
12,352 |
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December 28, 2019 |
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December 29, 2018 |
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September 28, 2019 |
Assets: |
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Pet segment |
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$ |
804,619 |
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$ |
677,647 |
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$ |
734,380 |
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Garden segment |
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550,358 |
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453,331 |
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463,889 |
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Corporate |
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780,180 |
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819,868 |
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826,751 |
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Total assets |
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$ |
2,135,157 |
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$ |
1,950,846 |
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$ |
2,025,020 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
272,068 |
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$ |
268,289 |
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$ |
268,289 |
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Garden segment |
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17,786 |
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12,888 |
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17,788 |
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Total goodwill |
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$ |
289,854 |
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$ |
281,177 |
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$ |
286,077 |
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The tables below presents the Company's disaggregated revenues by segment (in thousands):
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Three Months Ended December 28, 2019 |
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Pet Segment |
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Garden Segment |
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Total |
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Other pet products |
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$ |
138.3 |
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$ |
— |
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$ |
138.3 |
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Dog and cat products |
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129.9 |
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— |
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129.9 |
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Other manufacturers' products |
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85.8 |
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29.8 |
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115.6 |
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Garden controls and fertilizer products |
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— |
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23.1 |
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23.1 |
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Other garden supplies |
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— |
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75.9 |
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75.9 |
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Total |
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$ |
354.0 |
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$ |
128.8 |
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$ |
482.8 |
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Three Months Ended December 29, 2018 |
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Pet Segment |
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Garden Segment |
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Total |
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Other pet products |
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$ |
130.9 |
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$ |
— |
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$ |
130.9 |
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Dog and cat products |
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131.1 |
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— |
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131.1 |
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Other manufacturers' products |
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78.4 |
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29.1 |
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107.5 |
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Garden controls and fertilizer products |
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— |
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24.3 |
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24.3 |
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Other garden supplies |
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— |
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68.2 |
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68.2 |
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Total |
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$ |
340.4 |
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$ |
121.6 |
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$ |
462.0 |
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