Financial Information Relating to Company's Business Segments |
These operating segments are Pet segment and Garden segment and are
presented in the table below (in thousands).
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Three Months Ended |
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Nine Months Ended |
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June 28,
2014
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June 29,
2013
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June 28,
2014
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June 29,
2013
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Net sales:
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Pet segment
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$ |
227,082 |
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$ |
237,851 |
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$ |
628,431 |
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$ |
667,781 |
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Garden segment
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210,905 |
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256,279 |
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601,688 |
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617,015 |
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Total net sales
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$ |
437,987 |
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$ |
494,130 |
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$ |
1,230,119 |
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$ |
1,284,796 |
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Income (loss) from operations:
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Pet segment
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28,435 |
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$ |
33,144 |
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67,014 |
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$ |
70,782 |
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Garden segment
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4,011 |
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13,668 |
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34,579 |
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39,090 |
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Corporate
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(14,020 |
) |
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(13,920 |
) |
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(46,753 |
) |
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(43,328 |
) |
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Total income from operations
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18,426 |
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32,892 |
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54,840 |
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66,544 |
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Interest expense - net
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(10,415 |
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(11,319 |
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(33,008 |
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(32,479 |
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Other income (expense)
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456 |
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353 |
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396 |
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(676 |
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Income taxes
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3,133 |
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7,520 |
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8,217 |
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11,370 |
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Income including noncontrolling interest
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5,334 |
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14,406 |
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14,011 |
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22,019 |
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Net income attributable to noncontrolling interest
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647 |
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681 |
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1,137 |
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1,367 |
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Net income attributable to Central Garden & Pet
Company
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$ |
4,687 |
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$ |
13,725 |
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$ |
12,874 |
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$ |
20,652 |
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Depreciation and amortization:
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Pet segment
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$ |
4,483 |
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$ |
3,489 |
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$ |
12,853 |
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$ |
11,208 |
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Garden segment
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1,721 |
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1,624 |
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5,126 |
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4,902 |
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Corporate
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2,967 |
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2,698 |
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8,704 |
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8,048 |
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Total depreciation and amortization
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$ |
9,171 |
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$ |
7,811 |
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$ |
26,683 |
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$ |
24,158 |
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June 28,
2014
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June 29,
2013
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September 28,
2013
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Assets:
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Pet segment
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$ |
444,740 |
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$ |
443,854 |
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$ |
425,988 |
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Garden segment
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372,175 |
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447,756 |
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388,581 |
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Corporate
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349,023 |
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353,026 |
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346,591 |
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Total assets
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$ |
1,165,938 |
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$ |
1,244,636 |
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$ |
1,161,160 |
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Goodwill (included in corporate assets above):
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Pet segment
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$ |
205,756 |
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$ |
202,514 |
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$ |
205,756 |
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Garden segment
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0 |
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7,709 |
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0 |
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Total goodwill
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$ |
205,756 |
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$ |
210,223 |
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$ |
205,756 |
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