Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables)
|
12 Months Ended |
Sep. 26, 2015 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
Consolidating Condensed Statement of Operations |
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CONSOLIDATING CONDENSED
STATEMENT OF OPERATIONS
Fiscal Year
Ended September 26, 2015
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
494,143 |
|
|
$ |
100,127 |
|
|
$ |
1,136,958 |
|
|
$ |
(80,491 |
) |
|
$ |
1,650,737 |
|
Cost of goods sold and
occupancy
|
|
|
387,632 |
|
|
|
76,597 |
|
|
|
773,369 |
|
|
|
(74,913 |
) |
|
|
1,162,685 |
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Gross profit
|
|
|
106,511 |
|
|
|
23,530 |
|
|
|
363,589 |
|
|
|
(5,578 |
) |
|
|
488,052 |
|
Selling, general and
administrative expenses
|
|
|
126,223 |
|
|
|
18,329 |
|
|
|
257,643 |
|
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|
(5,578 |
) |
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396,617 |
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Income (loss) from
operations
|
|
|
(19,712 |
) |
|
|
5,201 |
|
|
|
105,946 |
|
|
|
0 |
|
|
|
91,435 |
|
Interest expense
|
|
|
(39,893 |
) |
|
|
(268 |
) |
|
|
134 |
|
|
|
0 |
|
|
|
(40,027 |
) |
Interest income
|
|
|
126 |
|
|
|
3 |
|
|
|
0 |
|
|
|
0 |
|
|
|
129 |
|
Other income
(expense)
|
|
|
(372 |
) |
|
|
407 |
|
|
|
(22 |
) |
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|
0 |
|
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|
13 |
|
|
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Income (loss) before taxes
and equity in earnings of affiliates
|
|
|
(59,851 |
) |
|
|
5,343 |
|
|
|
106,058 |
|
|
|
0 |
|
|
|
51,550 |
|
Income tax expense
(benefit)
|
|
|
(21,562 |
) |
|
|
2,089 |
|
|
|
38,008 |
|
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|
0 |
|
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|
18,535 |
|
Equity in earnings of
affiliates
|
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|
70,260 |
|
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0 |
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|
2,445 |
|
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|
(72,705 |
) |
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0 |
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Net income including
noncontrolling interest
|
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|
31,971 |
|
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|
3,254 |
|
|
|
70,495 |
|
|
|
(72,705 |
) |
|
|
33,015 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,044 |
|
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|
0 |
|
|
|
0 |
|
|
|
1,044 |
|
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|
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Net income attributable to
Central Garden & Pet Company
|
|
$ |
31,971 |
|
|
$ |
2,210 |
|
|
$ |
70,495 |
|
|
$ |
(72,705 |
) |
|
$ |
31,971 |
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CONSOLIDATING CONDENSED
STATEMENT OF OPERATIONS
Fiscal Year
Ended September 27, 2014
(in
thousands)
|
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|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
460,781 |
|
|
$ |
109,453 |
|
|
$ |
1,103,926 |
|
|
$ |
(69,803 |
) |
|
$ |
1,604,357 |
|
Cost of goods sold and
occupancy
|
|
|
370,492 |
|
|
|
87,028 |
|
|
|
757,217 |
|
|
|
(64,404 |
) |
|
|
1,150,333 |
|
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|
|
|
|
|
|
|
|
|
|
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Gross profit
|
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|
90,289 |
|
|
|
22,425 |
|
|
|
346,709 |
|
|
|
(5,399 |
) |
|
|
454,024 |
|
Selling, general and
administrative expenses
|
|
|
117,240 |
|
|
|
18,230 |
|
|
|
267,740 |
|
|
|
(5,399 |
) |
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|
397,811 |
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Income (loss) from
operations
|
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(26,951 |
) |
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|
4,195 |
|
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|
78,969 |
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|
0 |
|
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|
56,213 |
|
Interest expense
|
|
|
(42,742 |
) |
|
|
(218 |
) |
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|
116 |
|
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|
0 |
|
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|
42,844 |
|
Interest income
|
|
|
92 |
|
|
|
2 |
|
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|
0 |
|
|
|
0 |
|
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|
94 |
|
Other income
(expense)
|
|
|
186 |
|
|
|
583 |
|
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(366 |
) |
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|
0 |
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|
403 |
|
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Income (loss) before taxes
and equity in earnings of affiliates
|
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|
(69,415 |
) |
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|
4,562 |
|
|
|
78,719 |
|
|
|
0 |
|
|
|
13,866 |
|
Income tax expense
(benefit)
|
|
|
(26,962 |
) |
|
|
756 |
|
|
|
30,251 |
|
|
|
0 |
|
|
|
4,045 |
|
Equity in earnings of
affiliates
|
|
|
51,257 |
|
|
|
0 |
|
|
|
1,506 |
|
|
|
(52,763 |
) |
|
|
0 |
|
|
|
|
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|
|
|
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|
|
|
|
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Net income loss including
noncontrolling interest
|
|
|
8,804 |
|
|
|
3,806 |
|
|
|
49,974 |
|
|
|
(52,763 |
) |
|
|
9,821 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,017 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,017 |
|
|
|
|
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Net income attributable to
Central Garden & Pet Company
|
|
$ |
8,804 |
|
|
$ |
2,789 |
|
|
$ |
49,974 |
|
|
$ |
(52,763 |
) |
|
$ |
8,804 |
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CONSOLIDATING CONDENSED
STATEMENT OF OPERATIONS
Fiscal Year
Ended September 28, 2013
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
453,001 |
|
|
$ |
88,822 |
|
|
$ |
1,186,328 |
|
|
$ |
(74,518 |
) |
|
$ |
1,653,633 |
|
Cost of goods sold and
occupancy
|
|
|
364,120 |
|
|
|
73,068 |
|
|
|
821,524 |
|
|
|
(68,981 |
) |
|
|
1,189,731 |
|
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|
Gross profit
|
|
|
88,881 |
|
|
|
15,754 |
|
|
|
364,804 |
|
|
|
(5,537 |
) |
|
|
463,902 |
|
Selling, general and
administrative expenses
|
|
|
127,644 |
|
|
|
19,340 |
|
|
|
282,300 |
|
|
|
(5,537 |
) |
|
|
423,747 |
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
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Income (loss) from
operations
|
|
|
(38,763 |
) |
|
|
(3,586 |
) |
|
|
82,504 |
|
|
|
0 |
|
|
|
40,155 |
|
Interest expense
|
|
|
(42,925 |
) |
|
|
(263 |
) |
|
|
76 |
|
|
|
0 |
|
|
|
43,112 |
|
Interest income
|
|
|
140 |
|
|
|
2 |
|
|
|
0 |
|
|
|
0 |
|
|
|
142 |
|
Other income
(expense)
|
|
|
(250 |
) |
|
|
398 |
|
|
|
(825 |
) |
|
|
0 |
|
|
|
(677 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before taxes
and equity in earnings of affiliates
|
|
|
(81,798 |
) |
|
|
(3,449 |
) |
|
|
81,755 |
|
|
|
0 |
|
|
|
(3,492 |
) |
Income tax expense
(benefit)
|
|
|
(46,789 |
) |
|
|
(2,567 |
) |
|
|
46,764 |
|
|
|
0 |
|
|
|
(2,592 |
) |
Equity in earnings of
affiliates
|
|
|
33,080 |
|
|
|
0 |
|
|
|
(2,561 |
) |
|
|
(30,519 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) including
noncontrolling interest
|
|
|
(1,929 |
) |
|
|
(882 |
) |
|
|
32,430 |
|
|
|
(30,519 |
) |
|
|
(900 |
) |
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,029 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net income (loss)
attributable to Central Garden & Pet Company
|
|
$ |
(1,929 |
) |
|
$ |
(1,911 |
) |
|
$ |
32,430 |
|
|
$ |
(30,519 |
) |
|
$ |
(1,929 |
) |
|
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|
Consolidating Condensed Statements of Comprehensive Income |
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CONSOLIDATING CONDENSED
STATEMENTS OF
COMPREHENSIVE INCOME
Fiscal Year
Ended September 26, 2015
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
31,971 |
|
|
$ |
3,254 |
|
|
$ |
70,495 |
|
|
$ |
(72,705 |
) |
|
$ |
33,015 |
|
Other comprehensive
loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized loss on
securities
|
|
|
(10 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
(10 |
) |
Reclassification of
realized loss on securities included in net income
|
|
|
20 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
20 |
|
Foreign currency
translation
|
|
|
(1,078 |
) |
|
|
(537 |
) |
|
|
(380 |
) |
|
|
917 |
|
|
|
(1,078 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive
income
|
|
|
30,903 |
|
|
|
2,717 |
|
|
|
70,115 |
|
|
|
(71,788 |
) |
|
|
31,947 |
|
Comprehensive income
attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,044 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,044 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
attributable to Central Garden & Pet Company
|
|
$ |
30,903 |
|
|
$ |
1,673 |
|
|
$ |
70,115 |
|
|
$ |
(71,788 |
) |
|
$ |
30,903 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENTS OF
COMPREHENSIVE INCOME
Fiscal Year
Ended September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
|
|
$ |
8,804 |
|
|
$ |
3,806 |
|
|
$ |
49,974 |
|
|
$ |
(52,763 |
) |
|
$ |
9,821 |
|
Other comprehensive
loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation
|
|
|
0 |
|
|
|
(200 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(200 |
) |
Unrealized loss on
securities
|
|
|
(10 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive
income
|
|
|
8,794 |
|
|
|
3,606 |
|
|
|
49,974 |
|
|
|
(52,763 |
) |
|
|
9,611 |
|
Comprehensive income
attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,017 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
attributable to Central Garden & Pet Company
|
|
$ |
8,794 |
|
|
$ |
2,589 |
|
|
$ |
49,974 |
|
|
$ |
(52,763 |
) |
|
$ |
8,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENTS OF
COMPREHENSIVE INCOME
Fiscal Year
Ended September 28, 2013
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net income
(loss)
|
|
$ |
(1,929 |
) |
|
$ |
(882 |
) |
|
$ |
32,430 |
|
|
$ |
(30,519 |
) |
|
$ |
(900 |
) |
Other comprehensive
loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation
|
|
|
0 |
|
|
|
(97 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(97 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income
(loss)
|
|
|
(1,929 |
) |
|
|
(979 |
) |
|
|
32,430 |
|
|
|
(30,519 |
) |
|
|
(997 |
) |
Comprehensive income
attributable to noncontrolling interests
|
|
|
0 |
|
|
|
1,029 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive loss
attributable to Central Garden & Pet Company
|
|
$ |
(1,929 |
) |
|
$ |
(2,008 |
) |
|
$ |
32,430 |
|
|
$ |
(30,519 |
) |
|
$ |
(2,026 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Balance Sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
BALANCE SHEET
September
26, 2015
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$ |
37,131 |
|
|
$ |
10,022 |
|
|
$ |
431 |
|
|
$ |
0 |
|
|
$ |
47,584 |
|
Restricted cash
|
|
|
13,157 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
13,157 |
|
Accounts receivable,
net
|
|
|
51,376 |
|
|
|
6,775 |
|
|
|
149,251 |
|
|
|
0 |
|
|
|
207,402 |
|
Inventories
|
|
|
101,952 |
|
|
|
11,690 |
|
|
|
222,304 |
|
|
|
0 |
|
|
|
335,946 |
|
Prepaid expenses and other
assets
|
|
|
23,807 |
|
|
|
848 |
|
|
|
25,076 |
|
|
|
0 |
|
|
|
49,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
assets
|
|
|
227,423 |
|
|
|
29,335 |
|
|
|
397,062 |
|
|
|
0 |
|
|
|
653,820 |
|
Land, buildings,
improvements and equipment, net
|
|
|
53,044 |
|
|
|
3,663 |
|
|
|
106,102 |
|
|
|
0 |
|
|
|
162,809 |
|
Goodwill
|
|
|
0 |
|
|
|
0 |
|
|
|
209,089 |
|
|
|
0 |
|
|
|
209,089 |
|
Other long term
assets
|
|
|
33,988 |
|
|
|
3,662 |
|
|
|
77,519 |
|
|
|
(6,133 |
) |
|
|
109,036 |
|
Intercompany
receivable
|
|
|
10,311 |
|
|
|
0 |
|
|
|
440,327 |
|
|
|
(450,638 |
) |
|
|
0 |
|
Investment in
subsidiaries
|
|
|
1,052,755 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(1,052,755 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,377,521 |
|
|
$ |
36,660 |
|
|
$ |
1,230,099 |
|
|
$ |
(1,509,526 |
) |
|
$ |
1,134,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
23,544 |
|
|
$ |
2,543 |
|
|
$ |
62,802 |
|
|
$ |
0 |
|
|
$ |
88,889 |
|
Accrued expenses and other
liabilities
|
|
|
39,680 |
|
|
|
1,789 |
|
|
|
46,255 |
|
|
|
0 |
|
|
|
87,724 |
|
Current portion of long
term debt
|
|
|
261 |
|
|
|
0 |
|
|
|
30 |
|
|
|
0 |
|
|
|
291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
liabilities
|
|
|
63,485 |
|
|
|
4,332 |
|
|
|
109,087 |
|
|
|
0 |
|
|
|
176,904 |
|
Long-term debt
|
|
|
399,783 |
|
|
|
0 |
|
|
|
65 |
|
|
|
0 |
|
|
|
399,848 |
|
Intercompany
payable
|
|
|
407,197 |
|
|
|
43,441 |
|
|
|
0 |
|
|
|
(450,638 |
) |
|
|
0 |
|
Losses in excess of
investment in subsidiaries
|
|
|
0 |
|
|
|
0 |
|
|
|
11,867 |
|
|
|
(11,867 |
) |
|
|
0 |
|
Other long-term
obligations
|
|
|
1,770 |
|
|
|
0 |
|
|
|
55,985 |
|
|
|
(6,133 |
) |
|
|
51,622 |
|
Shareholders’ equity
attributable to Central Garden & Pet
|
|
|
505,286 |
|
|
|
(12,207 |
) |
|
|
1,053,095 |
|
|
|
(1,040,888 |
) |
|
|
505,286 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,094 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,094 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
505,286 |
|
|
|
(11,113 |
) |
|
|
1,053,095 |
|
|
|
(1,040,888 |
) |
|
|
506,380 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,377,521 |
|
|
$ |
36,660 |
|
|
$ |
1,230,099 |
|
|
$ |
(1,509,526 |
) |
|
$ |
1,134,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
BALANCE SHEET
September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$ |
63,471 |
|
|
$ |
12,806 |
|
|
$ |
2,399 |
|
|
$ |
0 |
|
|
$ |
78,676 |
|
Restricted cash
|
|
|
14,283 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
14,283 |
|
Short term
investments
|
|
|
9,990 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
9,990 |
|
Accounts receivable,
net
|
|
|
41,235 |
|
|
|
8,268 |
|
|
|
144,226 |
|
|
|
0 |
|
|
|
193,729 |
|
Inventories
|
|
|
79,199 |
|
|
|
15,210 |
|
|
|
231,977 |
|
|
|
0 |
|
|
|
326,386 |
|
Prepaid expenses and other
assets
|
|
|
26,092 |
|
|
|
816 |
|
|
|
21,580 |
|
|
|
0 |
|
|
|
48,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
assets
|
|
|
234,270 |
|
|
|
37,100 |
|
|
|
400,182 |
|
|
|
0 |
|
|
|
671,552 |
|
Land, buildings,
improvements and equipment, net
|
|
|
63,059 |
|
|
|
3,649 |
|
|
|
100,141 |
|
|
|
0 |
|
|
|
166,849 |
|
Goodwill
|
|
|
0 |
|
|
|
0 |
|
|
|
208,233 |
|
|
|
0 |
|
|
|
208,233 |
|
Other long term
assets
|
|
|
25,230 |
|
|
|
4,244 |
|
|
|
83,713 |
|
|
|
(11,094 |
) |
|
|
102,093 |
|
Intercompany
receivable
|
|
|
16,906 |
|
|
|
0 |
|
|
|
351,423 |
|
|
|
(368,329 |
) |
|
|
0 |
|
Investment in
subsidiaries
|
|
|
983,413 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(983,413 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,322,878 |
|
|
$ |
44,993 |
|
|
$ |
1,143,692 |
|
|
$ |
(1,362,836 |
) |
|
$ |
1,148,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
28,937 |
|
|
$ |
3,542 |
|
|
$ |
55,949 |
|
|
$ |
0 |
|
|
$ |
88,428 |
|
Accrued expenses and other
liabilities
|
|
|
34,412 |
|
|
|
1,868 |
|
|
|
48,390 |
|
|
|
0 |
|
|
|
84,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current
liabilities
|
|
|
63,349 |
|
|
|
5,410 |
|
|
|
104,339 |
|
|
|
0 |
|
|
|
173,098 |
|
Long-term debt
|
|
|
449,855 |
|
|
|
0 |
|
|
|
93 |
|
|
|
0 |
|
|
|
449,948 |
|
Intercompany
payable
|
|
|
323,315 |
|
|
|
45,014 |
|
|
|
0 |
|
|
|
(368,329 |
) |
|
|
0 |
|
Losses in excess of
investment in subsidiaries
|
|
|
0 |
|
|
|
0 |
|
|
|
7,594 |
|
|
|
(7,594 |
) |
|
|
0 |
|
Other long-term
obligations
|
|
|
1,636 |
|
|
|
0 |
|
|
|
48,686 |
|
|
|
(11,094 |
) |
|
|
39,228 |
|
Shareholders’ equity
attributable to Central Garden & Pet
|
|
|
484,723 |
|
|
|
(7,161 |
) |
|
|
982,980 |
|
|
|
(975,819 |
) |
|
|
484,723 |
|
Noncontrolling
interest
|
|
|
0 |
|
|
|
1,730 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
484,723 |
|
|
|
(5,431 |
) |
|
|
982,980 |
|
|
|
(975,819 |
) |
|
|
486,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,322,878 |
|
|
$ |
44,993 |
|
|
$ |
1,143,692 |
|
|
$ |
(1,362,836 |
) |
|
$ |
1,148,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidating Condensed Statement of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENT OF CASH FLOWS
Fiscal Year
Ended September 26, 2015
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash (used) provided by
operating activities
|
|
$ |
(18,948 |
) |
|
$ |
7,372 |
|
|
$ |
105,744 |
|
|
$ |
(6,719 |
) |
|
$ |
87,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property,
plant and equipment
|
|
|
(2,687 |
) |
|
|
(405 |
) |
|
|
(18,938 |
) |
|
|
0 |
|
|
|
(22,030 |
) |
Payments to acquire
companies, net of expenses
|
|
|
(38,384 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(38,384 |
) |
Change in restricted cash
and cash equivalents
|
|
|
1,126 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,126 |
|
Maturities of short term
investments
|
|
|
9,997 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
9,997 |
|
Investment in short term
investments
|
|
|
(17 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(17 |
) |
Other investing
activities
|
|
|
(546 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(546 |
) |
Intercompany investing
activities
|
|
|
6,595 |
|
|
|
0 |
|
|
|
(88,905 |
) |
|
|
82,310 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used) provided by
investing activities
|
|
|
(23,916 |
) |
|
|
(405 |
) |
|
|
(107,843 |
) |
|
|
82,310 |
|
|
|
(49,854 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving
line of credit
|
|
|
(312,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(312,000 |
) |
Borrowings on revolving
line of credit
|
|
|
312,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
312,000 |
|
Repayments of long-term
debt
|
|
|
(50,262 |
) |
|
|
0 |
|
|
|
(27 |
) |
|
|
0 |
|
|
|
(50,289 |
) |
Proceeds from issuance of
common stock
|
|
|
200 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
200 |
|
Excess tax benefits from
stock-based awards
|
|
|
2,154 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,154 |
|
Repurchase of common
stock
|
|
|
(18,497 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(18,497 |
) |
Payment of deferred
financing costs
|
|
|
(258 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(258 |
) |
Distribution to
parent
|
|
|
0 |
|
|
|
(6,719 |
) |
|
|
0 |
|
|
|
6,719 |
|
|
|
0 |
|
Distribution to
noncontrolling interest
|
|
|
0 |
|
|
|
(1,680 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(1,680 |
) |
Intercompany financing
activities
|
|
|
83,884 |
|
|
|
(1,574 |
) |
|
|
0 |
|
|
|
(82,310 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by
financing activities
|
|
|
17,221 |
|
|
|
(9,973 |
) |
|
|
(27 |
) |
|
|
(75,591 |
) |
|
|
(68,370 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on
cash
|
|
|
(697 |
) |
|
|
222 |
|
|
|
158 |
|
|
|
0 |
|
|
|
(317 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in
cash and cash equivalents
|
|
|
(26,340 |
) |
|
|
(2,784 |
) |
|
|
(1,968 |
) |
|
|
0 |
|
|
|
(31,092 |
) |
Cash and cash equivalents
at beginning of year
|
|
|
63,471 |
|
|
|
12,806 |
|
|
|
2,399 |
|
|
|
0 |
|
|
|
78,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
at end of year
|
|
$ |
37,131 |
|
|
$ |
10,022 |
|
|
$ |
431 |
|
|
$ |
0 |
|
|
$ |
47,584 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENT OF CASH FLOWS
Fiscal Year
Ended September 27, 2014
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash (used) provided by
operating activities
|
|
$ |
(4,139 |
) |
|
$ |
7,420 |
|
|
$ |
125,720 |
|
|
$ |
(2,534 |
) |
|
$ |
126,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property,
plant and equipment
|
|
|
(6,721 |
) |
|
|
(1,027 |
) |
|
|
(9,425 |
) |
|
|
0 |
|
|
|
(17,173 |
) |
Businesses acquired, net of
cash acquired
|
|
|
0 |
|
|
|
0 |
|
|
|
(20,282 |
) |
|
|
0 |
|
|
|
(20,282 |
) |
Proceeds from disposal of
plant and equipment
|
|
|
0 |
|
|
|
0 |
|
|
|
8,737 |
|
|
|
0 |
|
|
|
8,737 |
|
Change in restricted cash
and cash equivalents
|
|
|
(14,283 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(14,283 |
) |
Maturities of short term
investments
|
|
|
17,820 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17,820 |
|
Investment in short term
investments
|
|
|
(10,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(10,000 |
) |
Intercompany investing
activities
|
|
|
(6,726 |
) |
|
|
0 |
|
|
|
(104,926 |
) |
|
|
111,652 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used) provided by
investing activities
|
|
|
(19,910 |
) |
|
|
(1,027 |
) |
|
|
(125,896 |
) |
|
|
111,652 |
|
|
|
(35,181 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving
line of credit
|
|
|
(301,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(301,000 |
) |
Borrowings on revolving
line of credit
|
|
|
278,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
278,000 |
|
Repayments of long-term
debt
|
|
|
(243 |
) |
|
|
0 |
|
|
|
(124 |
) |
|
|
0 |
|
|
|
(367 |
) |
Proceeds from issuance of
common stock
|
|
|
1,165 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,165 |
|
Excess tax benefits from
stock-based awards
|
|
|
498 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
498 |
|
Repurchase of common
stock
|
|
|
(2,332 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(2,332 |
) |
Payment of deferred
financing costs
|
|
|
(3,090 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(3,090 |
) |
Distribution to
parent
|
|
|
0 |
|
|
|
(2,534 |
) |
|
|
0 |
|
|
|
2,534 |
|
|
|
0 |
|
Distribution to
noncontrolling interest
|
|
|
0 |
|
|
|
(633 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(633 |
) |
Intercompany financing
activities
|
|
|
109,057 |
|
|
|
2,595 |
|
|
|
0 |
|
|
|
(111,652 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by
financing activities
|
|
|
82,055 |
|
|
|
(572 |
) |
|
|
(124 |
) |
|
|
(109,118 |
) |
|
|
(27,759 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on
cash
|
|
|
27 |
|
|
|
(18 |
) |
|
|
(16 |
) |
|
|
0 |
|
|
|
(7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in
cash and cash equivalents
|
|
|
58,033 |
|
|
|
5,803 |
|
|
|
(316 |
) |
|
|
0 |
|
|
|
63,520 |
|
Cash and cash equivalents
at beginning of year
|
|
|
5,438 |
|
|
|
7,003 |
|
|
|
2,715 |
|
|
|
0 |
|
|
|
15,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
at end of year
|
|
$ |
63,471 |
|
|
$ |
12,806 |
|
|
$ |
2,399 |
|
|
$ |
0 |
|
|
$ |
78,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED
STATEMENT OF CASH FLOWS
Fiscal Year
Ended September 28, 2013
(in
thousands)
|
|
|
|
Parent |
|
|
Non-Guarantor
Subsidiaries |
|
|
Guarantor
Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net cash (used) provided by
operating activities
|
|
$ |
(31,250 |
) |
|
$ |
(11,632 |
) |
|
$ |
17,116 |
|
|
$ |
(2,516 |
) |
|
$ |
(28,282 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property,
plant and equipment
|
|
|
(8,656 |
) |
|
|
(337 |
) |
|
|
(16,179 |
) |
|
|
0 |
|
|
|
(25,172 |
) |
Businesses acquired, net of
cash acquired
|
|
|
0 |
|
|
|
0 |
|
|
|
(4,835 |
) |
|
|
0 |
|
|
|
(4,835 |
) |
Sale of short term
investments
|
|
|
4,885 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,885 |
|
Intercompany investing
activities
|
|
|
8,986 |
|
|
|
0 |
|
|
|
2,923 |
|
|
|
(11,909 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used) provided by
investing activities
|
|
|
5,215 |
|
|
|
(337 |
) |
|
|
(18,091 |
) |
|
|
(11,909 |
) |
|
|
(25,122 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments on revolving
line of credit
|
|
|
(368,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(368,000 |
) |
Borrowings on revolving
line of credit
|
|
|
391,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
391,000 |
|
Repayments of long-term
debt
|
|
|
(206 |
) |
|
|
0 |
|
|
|
(126 |
) |
|
|
0 |
|
|
|
(332 |
) |
Proceeds from issuance of
common stock
|
|
|
613 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
613 |
|
Excess tax benefits from
stock-based awards
|
|
|
388 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
388 |
|
Repurchase of common
stock
|
|
|
(2,731 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(2,731 |
) |
Distribution to
parent
|
|
|
0 |
|
|
|
(2,516 |
) |
|
|
0 |
|
|
|
2,516 |
|
|
|
0 |
|
Distribution to
noncontrolling interest
|
|
|
0 |
|
|
|
(629 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(629 |
) |
Intercompany financing
activities
|
|
|
(28,896 |
) |
|
|
16,987 |
|
|
|
0 |
|
|
|
11,909 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by
financing activities
|
|
|
(7,832 |
) |
|
|
13,842 |
|
|
|
(126 |
) |
|
|
14,425 |
|
|
|
20,309 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on
cash
|
|
|
36 |
|
|
|
(263 |
) |
|
|
3 |
|
|
|
0 |
|
|
|
(224 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in
cash and cash equivalents
|
|
|
(33,831 |
) |
|
|
1,610 |
|
|
|
(1,098 |
) |
|
|
0 |
|
|
|
(33,319 |
) |
Cash and cash equivalents
at beginning of year
|
|
|
39,269 |
|
|
|
5,393 |
|
|
|
3,813 |
|
|
|
0 |
|
|
|
48,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
at end of year
|
|
$ |
5,438 |
|
|
$ |
7,003 |
|
|
$ |
2,715 |
|
|
$ |
0 |
|
|
$ |
15,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|