Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.4
Segment Information
 3 Months Ended
Dec. 26, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
Management has determined that the Company has two operating segments, which are also reportable segments based on the level at which the Chief Operating Decision Maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are Pet segment and Garden segment and are presented in the table below.
During the first quarter of fiscal year 2021, the Company began reporting the results of its outdoor cushion operations in the Pet segment as a result of a change in internal management reporting lines due to potential synergies in sourcing, manufacturing and innovation and to be consistent with the reporting of financial information used to assess performance and allocate resources. These operations were previously reported in the Garden segment and are now managed and reported in the Pet segment. All prior period segment disclosures have been recast to reflect this segment change.
 
  Three Months Ended
  December 26, 2020 December 28, 2019
(in thousands)
Net sales:
Pet segment $ 436,410  $ 366,591 
Garden segment 155,820  116,237 
Total net sales $ 592,230  $ 482,828 
Operating Income
Pet segment 43,525  28,737 
Garden segment 4,651  (6,883)
Corporate (21,136) (19,789)
Total operating income 27,040  2,065 
Interest expense - net (20,769) (8,637)
Other income 752  305 
Income tax expense (benefit) 1,381  (1,728)
Income (loss) including noncontrolling interest 5,642  (4,539)
Net income (loss) attributable to noncontrolling interest 29  (122)
Net income (loss) attributable to Central Garden & Pet Company $ 5,613  $ (4,417)
Depreciation and amortization:
Pet segment $ 9,085  $ 9,072 
Garden segment 2,638  2,713 
Corporate 1,192  1,355 
Total depreciation and amortization $ 12,915  $ 13,140 
 
December 26, 2020 December 28, 2019 September 26, 2020
(in thousands)
Assets:
Pet segment $ 911,787  $ 884,564  $ 877,901 
Garden segment 599,097  470,413  481,401 
Corporate 935,215  780,180  980,062 
Total assets $ 2,446,099  $ 2,135,157  $ 2,339,364 
Goodwill (included in corporate assets above):
Pet segment $ 277,067  $ 276,966  $ 277,067 
Garden segment 12,888  12,888  12,888 
Total goodwill $ 289,955  $ 289,854  $ 289,955 
The tables below presents the Company's disaggregated revenues by segment:

Three Months Ended December 26, 2020
Pet Segment Garden Segment Total
(in millions)
Other pet products $ 182.2  $ —  $ 182.2 
Dog and cat products 155.5  —  155.5 
Other manufacturers' products 98.7  44.0  142.7 
Garden controls and fertilizer products —  29.1  29.1 
Other garden supplies —  82.7  82.7 
     Total $ 436.4  $ 155.8  $ 592.2 

Three Months Ended December 28, 2019
Pet Segment Garden Segment Total
(in millions)
Other pet products $ 150.9  $ —  $ 150.9 
Dog and cat products 129.9  —  129.9 
Other manufacturers' products 85.8  29.8  115.6 
Garden controls and fertilizer products —  23.1  23.1 
Other garden supplies —  63.3  63.3 
     Total $ 366.6  $ 116.2  $ 482.8