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