| Schedule of 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 25, 2021 |
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September 26, 2020 |
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September 28, 2019 |
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(in thousands) |
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| Net sales: |
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| Pet segment |
$ |
1,894,929 |
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$ |
1,678,027 |
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$ |
1,459,581 |
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| Garden segment |
1,408,755 |
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1,017,482 |
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923,429 |
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| Total |
$ |
3,303,684 |
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$ |
2,695,509 |
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$ |
2,383,010 |
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| Operating income (loss): |
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| Pet segment |
$ |
208,201 |
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$ |
171,369 |
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$ |
132,496 |
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(1) |
| Garden segment |
138,755 |
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115,413 |
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92,401 |
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| Corporate |
(92,460) |
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(88,805) |
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(72,829) |
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| Total |
254,496 |
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197,977 |
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152,068 |
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| Interest expense |
(58,597) |
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(44,016) |
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(42,614) |
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| Interest income |
415 |
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4,027 |
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9,554 |
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| Other income (expense), net |
(1,506) |
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(4,250) |
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243 |
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| Income before income taxes and noncontrolling interest |
194,808 |
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153,738 |
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119,251 |
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| Income tax expense |
42,035 |
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32,218 |
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26,604 |
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| Net income including noncontrolling interest |
152,773 |
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121,520 |
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92,647 |
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| Net income (loss) attributable to noncontrolling interest |
1,027 |
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844 |
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(139) |
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| Net income attributable to Central Garden & Pet Company |
$ |
151,746 |
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$ |
120,676 |
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$ |
92,786 |
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| Assets: |
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| Pet segment |
$ |
966,437 |
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$ |
877,901 |
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$ |
782,696 |
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| Garden segment |
1,313,899 |
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481,401 |
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415,573 |
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| Corporate and eliminations |
836,344 |
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980,062 |
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826,751 |
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| Total |
$ |
3,116,680 |
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$ |
2,339,364 |
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$ |
2,025,020 |
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| Depreciation and amortization: |
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| Pet segment |
$ |
36,952 |
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$ |
38,116 |
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$ |
34,838 |
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| Garden segment |
33,050 |
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10,590 |
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9,924 |
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| Corporate |
4,725 |
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6,653 |
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6,066 |
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| Total |
$ |
74,727 |
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$ |
55,359 |
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$ |
50,828 |
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| Expenditures for long-lived assets: |
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| Pet segment |
$ |
44,919 |
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$ |
31,106 |
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$ |
21,203 |
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| Garden segment |
34,043 |
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8,177 |
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8,658 |
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| Corporate |
1,371 |
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3,772 |
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1,716 |
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| Total |
$ |
80,333 |
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$ |
43,055 |
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$ |
31,577 |
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Noncontrolling interest is associated with the Garden segment.
(1) Includes a $2.5 million impairment charge in fiscal 2019.
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