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 25, 2017 |
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March 26, 2016 |
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March 25, 2017 |
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March 26, 2016 |
Net sales: |
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Pet segment |
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$ |
298,393 |
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$ |
275,328 |
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$ |
602,439 |
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$ |
523,990 |
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Garden segment |
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271,531 |
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265,921 |
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386,983 |
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|
377,071 |
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Total net sales |
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$ |
569,924 |
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$ |
541,249 |
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$ |
989,422 |
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$ |
901,061 |
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Operating income: |
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Pet segment |
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34,645 |
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32,409 |
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68,051 |
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58,604 |
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Garden segment |
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46,005 |
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44,407 |
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48,681 |
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41,153 |
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Corporate |
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(16,790 |
) |
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(17,413 |
) |
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(32,934 |
) |
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(31,581 |
) |
Total income from operations |
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63,860 |
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59,403 |
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83,798 |
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68,176 |
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Interest expense - net |
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(6,822 |
) |
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(7,087 |
) |
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(13,657 |
) |
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(29,210 |
) |
Other expense |
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(965 |
) |
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(88 |
) |
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(1,932 |
) |
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(561 |
) |
Income tax expense |
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20,824 |
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18,793 |
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25,171 |
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13,593 |
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Income including noncontrolling interest |
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35,249 |
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33,435 |
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43,038 |
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24,812 |
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Net income attributable to noncontrolling interest |
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565 |
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738 |
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717 |
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717 |
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Net income attributable to Central Garden & Pet Company |
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$ |
34,684 |
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$ |
32,697 |
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$ |
42,321 |
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$ |
24,095 |
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Depreciation and amortization: |
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Pet segment |
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$ |
6,174 |
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4,956 |
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$ |
12,004 |
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$ |
9,420 |
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Garden segment |
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1,528 |
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1,359 |
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3,035 |
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3,044 |
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Corporate |
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2,633 |
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2,854 |
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5,305 |
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5,738 |
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Total depreciation and amortization |
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$ |
10,335 |
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$ |
9,169 |
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$ |
20,344 |
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$ |
18,202 |
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March 25, 2017 |
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March 26, 2016 |
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September 24, 2016 |
Assets: |
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Pet segment |
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$ |
612,189 |
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$ |
538,901 |
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$ |
508,879 |
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Garden segment |
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478,919 |
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467,026 |
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304,901 |
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Corporate |
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307,820 |
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317,172 |
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398,413 |
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Total assets |
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$ |
1,398,928 |
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$ |
1,323,099 |
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$ |
1,212,193 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
224,912 |
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$ |
210,455 |
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$ |
225,912 |
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Garden segment |
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5,473 |
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3,298 |
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|
5,473 |
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Total goodwill |
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$ |
230,385 |
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$ |
213,753 |
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$ |
231,385 |
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