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 26, 2016 |
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March 28, 2015 |
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March 26, 2016 |
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March 28, 2015 |
Net sales: |
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Pet segment |
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$ |
275,328 |
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$ |
221,485 |
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$ |
523,990 |
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$ |
420,805 |
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Garden segment |
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265,921 |
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276,117 |
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377,071 |
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384,117 |
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Total net sales |
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$ |
541,249 |
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$ |
497,602 |
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$ |
901,061 |
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$ |
804,922 |
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Income (loss) from operations: |
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Pet segment |
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32,409 |
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27,051 |
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58,604 |
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47,626 |
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Garden segment |
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44,407 |
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39,325 |
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41,153 |
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35,790 |
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Corporate |
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(17,413 |
) |
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(16,405 |
) |
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(31,581 |
) |
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(32,307 |
) |
Total income from operations |
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59,403 |
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49,971 |
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68,176 |
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51,109 |
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Interest expense - net |
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(7,087 |
) |
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(11,858 |
) |
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(29,210 |
) |
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(22,290 |
) |
Other expense |
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(88 |
) |
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(121 |
) |
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(561 |
) |
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(489 |
) |
Income tax expense |
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18,793 |
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14,012 |
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13,593 |
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10,043 |
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Income including noncontrolling interest |
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33,435 |
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23,980 |
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24,812 |
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18,287 |
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Net income attributable to noncontrolling interest |
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738 |
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743 |
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717 |
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747 |
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Net income attributable to Central Garden & Pet Company |
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$ |
32,697 |
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$ |
23,237 |
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$ |
24,095 |
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$ |
17,540 |
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Depreciation and amortization: |
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Pet segment |
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$ |
4,956 |
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3,878 |
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$ |
9,420 |
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$ |
7,819 |
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Garden segment |
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1,359 |
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1,483 |
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3,044 |
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3,049 |
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Corporate |
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2,854 |
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2,989 |
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5,738 |
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5,946 |
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Total depreciation and amortization |
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$ |
9,169 |
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$ |
8,350 |
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$ |
18,202 |
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$ |
16,814 |
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March 26, 2016 |
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March 28, 2015 |
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September 26, 2015 |
Assets: |
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Pet segment |
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$ |
538,901 |
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$ |
450,240 |
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$ |
465,171 |
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Garden segment |
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467,026 |
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490,514 |
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310,981 |
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Corporate |
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317,172 |
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328,443 |
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355,445 |
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Total assets |
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$ |
1,323,099 |
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$ |
1,269,197 |
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$ |
1,131,597 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
210,455 |
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$ |
209,089 |
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$ |
209,089 |
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Garden segment |
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3,298 |
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— |
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— |
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Total goodwill |
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$ |
213,753 |
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$ |
209,089 |
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$ |
209,089 |
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