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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Six Months Ended |
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March 28,
2015
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March 29,
2014
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March 28,
2015
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March 29,
2014
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Net sales:
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Pet segment
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$ |
221,485 |
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$ |
216,744 |
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$ |
420,805 |
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$ |
401,349 |
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Garden segment
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276,117 |
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284,867 |
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384,117 |
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390,783 |
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Total net sales
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$ |
497,602 |
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$ |
501,611 |
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$ |
804,922 |
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$ |
792,132 |
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Income (loss) from operations:
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Pet segment
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27,051 |
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24,193 |
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47,626 |
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38,579 |
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Garden segment
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39,325 |
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36,799 |
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35,790 |
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30,568 |
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Corporate
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(16,405 |
) |
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(16,223 |
) |
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(32,307 |
) |
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(32,733 |
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Total income from operations
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49,971 |
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44,769 |
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51,109 |
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36,414 |
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Interest expense - net
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(11,858 |
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(10,389 |
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(22,290 |
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(22,593 |
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Other income (expense)
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(121 |
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108 |
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(489 |
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(60 |
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Income taxes
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14,012 |
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12,999 |
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10,043 |
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5,084 |
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Income including noncontrolling interest
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23,980 |
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21,489 |
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18,287 |
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8,677 |
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Net income attributable to noncontrolling interest
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743 |
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594 |
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747 |
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490 |
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Net income attributable to Central Garden & Pet
Company
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$ |
23,237 |
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$ |
20,895 |
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$ |
17,540 |
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$ |
8,187 |
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Depreciation and amortization:
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Pet segment
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$ |
3,878 |
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$ |
4,484 |
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$ |
7,819 |
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$ |
8,370 |
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Garden segment
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1,483 |
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1,832 |
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3,049 |
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3,405 |
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Corporate
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2,989 |
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2,876 |
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5,946 |
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5,737 |
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Total depreciation and amortization
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$ |
8,350 |
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$ |
9,192 |
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$ |
16,814 |
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$ |
17,512 |
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Assets: |
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March 28,
2015
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March 29,
2014
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September 27,
2014
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Pet segment
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$ |
450,240 |
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$ |
434,059 |
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$ |
414,279 |
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Garden segment
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490,514 |
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521,663 |
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337,461 |
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Corporate
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332,254 |
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338,625 |
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396,987 |
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Total assets
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$ |
1,273,008 |
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$ |
1,294,347 |
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$ |
1,148,727 |
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Goodwill (included in corporate assets above):
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Pet segment
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$ |
209,089 |
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$ |
205,756 |
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$ |
208,233 |
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