| Schedule of Quarterly Financial Data - Unaudited |
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Fiscal
2014 |
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1st Quarter |
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2nd Quarter |
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3rd Quarter |
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4th Quarter |
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(in thousands, except
per share amounts) |
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Net sales
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$ |
290,521 |
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$ |
501,611 |
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$ |
437,987 |
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$ |
374,238 |
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Gross profit
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79,741 |
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147,596 |
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119,131 |
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107,556 |
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Net income (loss)
attributable to Central Garden & Pet Company
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(12,708 |
) |
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20,895 |
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4,687 |
(1) |
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(4,070 |
) (1) |
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Net income (loss) per
share:
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Basic
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$ |
(0.26 |
) |
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$ |
0.43 |
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$ |
0.10 |
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$ |
(0.08 |
) |
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Diluted
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$ |
(0.26 |
) |
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$ |
0.43 |
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$ |
0.09 |
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$ |
(0.08 |
) |
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Weighted average common
shares outstanding:
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Basic
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48,368 |
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48,688 |
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49,148 |
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49,324 |
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Diluted
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48,368 |
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49,116 |
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49,841 |
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49,324 |
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Fiscal
2013 |
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1st Quarter |
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2nd Quarter |
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3rd Quarter |
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4th Quarter |
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(in thousands, except
per share amounts) |
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Net sales
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$ |
292,497 |
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$ |
498,169 |
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$ |
494,130 |
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$ |
368,837 |
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Gross profit
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76,959 |
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153,170 |
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152,466 |
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81,307 |
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Net income (loss)
attributable to Central Garden & Pet Company
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(15,269 |
) |
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22,196 |
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13,725 |
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(22,581 |
) (2) |
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Net income (loss) per
share:
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Basic
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$ |
(0.32 |
) |
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$ |
0.46 |
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$ |
0.28 |
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$ |
(0.47 |
) |
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Diluted
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$ |
(0.32 |
) |
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$ |
0.46 |
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$ |
0.28 |
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$ |
(0.47 |
) |
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Weighted average common
shares outstanding:
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Basic
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47,871 |
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48,064 |
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48,173 |
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48,264 |
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Diluted
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47,871 |
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48,740 |
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48,822 |
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48,264 |
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| (1) |
The Company recognized a
$16.9 million charge related to certain products introduced in
fiscal 2013 and a $2.0 million gain on the sale of manufacturing
plant assets in its Garden segment during the third quarter of
fiscal 2014, as well as a $2.9 million gain on the sale of
manufacturing plant assets in its Garden segment in the fourth
quarter of fiscal 2014. |
| (2) |
The Company recognized a
$7.7 million goodwill impairment charge and an $11.2 million charge
related to certain products introduced in fiscal 2013 in its Garden
segment during the fourth quarter of fiscal 2013. |
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