| Financial Information Relating to Company's Business Segments |
Financial information relating to the Company’s business segments for each of the three most recent fiscal years is presented in the table below:
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Fiscal Year Ended |
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September 26, 2020 |
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September 28, 2019 |
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September 29, 2018 |
|
(in thousands) |
| Net sales: |
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|
|
|
|
| Pet segment |
$ |
1,562,160 |
|
|
$ |
1,384,686 |
|
|
$ |
1,340,899 |
|
| Garden segment |
1,133,349 |
|
|
998,324 |
|
|
874,463 |
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| Total |
$ |
2,695,509 |
|
|
$ |
2,383,010 |
|
|
$ |
2,215,362 |
|
| Operating income (loss): |
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|
|
|
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| Pet segment |
$ |
154,190 |
|
|
$ |
122,727 |
|
(1) |
$ |
140,353 |
|
| Garden segment |
132,592 |
|
|
102,170 |
|
|
95,551 |
|
| Corporate |
(88,805) |
|
|
(72,829) |
|
|
(68,568) |
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| Total |
197,977 |
|
|
152,068 |
|
|
167,336 |
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| Interest expense |
(44,016) |
|
|
(42,614) |
|
|
(39,196) |
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| Interest income |
4,027 |
|
|
9,554 |
|
|
3,145 |
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| Other income (expense), net |
(4,250) |
|
|
243 |
|
|
(3,860) |
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| Income before income taxes and noncontrolling interest |
153,738 |
|
|
119,251 |
|
|
127,425 |
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| Income tax expense |
32,218 |
|
|
26,604 |
|
|
3,305 |
|
| Net income including noncontrolling interest |
121,520 |
|
|
92,647 |
|
|
124,120 |
|
| Net income (loss) attributable to noncontrolling interest |
844 |
|
|
(139) |
|
|
526 |
|
| Net income attributable to Central Garden & Pet Company |
$ |
120,676 |
|
|
$ |
92,786 |
|
|
$ |
123,594 |
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| Assets: |
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|
|
|
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| Pet segment |
$ |
813,416 |
|
|
$ |
734,380 |
|
|
$ |
683,938 |
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| Garden segment |
545,886 |
|
|
463,889 |
|
|
407,483 |
|
| Corporate and eliminations |
980,062 |
|
|
826,751 |
|
|
815,788 |
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| Total |
$ |
2,339,364 |
|
|
$ |
2,025,020 |
|
|
$ |
1,907,209 |
|
| Depreciation and amortization: |
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|
|
|
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| Pet segment |
$ |
35,186 |
|
|
$ |
32,803 |
|
|
$ |
29,889 |
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| Garden segment |
13,520 |
|
|
11,959 |
|
|
8,744 |
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| Corporate |
6,653 |
|
|
6,066 |
|
|
8,566 |
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| Total |
$ |
55,359 |
|
|
$ |
50,828 |
|
|
$ |
47,199 |
|
| Expenditures for long-lived assets: |
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| Pet segment |
$ |
28,270 |
|
|
$ |
20,793 |
|
|
$ |
26,979 |
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| Garden segment |
11,013 |
|
|
9,068 |
|
|
8,016 |
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| Corporate |
3,772 |
|
|
1,716 |
|
|
2,850 |
|
| Total |
$ |
43,055 |
|
|
$ |
31,577 |
|
|
$ |
37,845 |
|
Noncontrolling interest is associated with the Garden segment.
(1) Includes a $2.5 million impairment charge in fiscal 2019.
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