Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.1
Segment Information (Tables)
6 Months Ended
Mar. 27, 2021
Segment Reporting [Abstract]  
Financial Information Relating to Company's Business Segments
  Three Months Ended Six Months Ended
  March 27, 2021 March 28, 2020 March 27, 2021 March 28, 2020
(in thousands)
Net sales:
Pet segment $ 491,972  $ 405,528  $ 928,382  $ 772,119 
Garden segment 443,280  297,701  $ 599,100  413,938 
Total net sales $ 935,252  $ 703,229  $ 1,527,482  $ 1,186,057 
Operating Income
Pet segment 62,058  43,476  105,583  72,213 
Garden segment 65,962  43,161  70,613  36,278 
Corporate (23,410) (20,532) (44,546) (40,321)
Total operating income 104,610  66,105  131,650  68,170 
Interest expense - net (10,151) (9,336) (30,920) (17,973)
Other income (expense) 704  (979) 1,456  (674)
Income tax expense 21,564  12,648  22,945  10,920 
Income including noncontrolling interest 73,599  43,142  79,241  38,603 
Net income attributable to noncontrolling interest 645  438  674  316 
Net income attributable to Central Garden & Pet Company $ 72,954  $ 42,704  $ 78,567  $ 38,287 
Depreciation and amortization:
Pet segment $ 8,882  $ 9,170  $ 17,967  $ 18,242 
Garden segment 8,804  2,595  11,442  5,308 
Corporate 1,168  1,411  2,360  2,766 
Total depreciation and amortization $ 18,854  $ 13,176  $ 31,769  $ 26,316 
 
March 27, 2021 March 28, 2020 September 26, 2020
(in thousands)
Assets:
Pet segment $ 980,769  $ 894,294  $ 877,901 
Garden segment 1,511,136  613,847  481,401 
Corporate 355,197  659,266  980,062 
Total assets $ 2,847,102  $ 2,167,407  $ 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 March 27, 2021 Six Months Ended March 27, 2021
Pet Segment Garden Segment Total Pet Segment Garden Segment Total
(in millions) (in millions)
Other pet products $ 259.5  $ —  $ 259.5  $ 441.8  $ —  $ 441.8 
Dog and cat products 133.3  —  133.3  288.7  —  288.7 
Other manufacturers' products 99.2  89.2  188.4  197.9  131.8  329.7 
Garden controls and fertilizer products —  131.7  131.7  —  160.8  160.8 
Other garden supplies —  222.4  222.4  —  306.5  306.5 
     Total $ 492.0  $ 443.3  $ 935.3  $ 928.4  $ 599.1  $ 1,527.5 

Three Months Ended March 28, 2020 Six Months Ended March 28, 2020
Pet Segment Garden Segment Total Pet Segment Garden Segment Total
(in millions) (in millions)
Other pet products $ 208.9  $ —  $ 208.9  $ 359.3  $ —  $ 359.3 
Dog and cat products 111.4  —  111.4  241.8  —  241.8 
Other manufacturers' products 85.2  65.1  150.3  171.0  95.0  266.0 
Garden controls and fertilizer products —  110.8  110.8  —  133.9  133.9 
Other garden supplies —  121.8  121.8  —  185.0  185.1 
     Total $ 405.5  $ 297.7  $ 703.2  $ 772.1  $ 413.9  $ 1,186.1