Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.0.1
Segment Information
 3 Months Ended
Dec. 25, 2021
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 the Pet segment and the Garden segment and are presented in the table below.

 
  Three Months Ended
  December 25, 2021 December 26, 2020
(in thousands)
Net sales:
Pet segment $ 436,002  $ 436,410 
Garden segment 225,396  155,820 
Total net sales $ 661,398  $ 592,230 
Operating Income
Pet segment 45,251  43,525 
Garden segment 6,057  4,651 
Corporate (25,094) (21,136)
Total operating income 26,214  27,040 
Interest expense - net (14,408) (20,769)
Other income (expense) (209) 752 
Income tax expense 2,401  1,381 
Income including noncontrolling interest 9,196  5,642 
Net income attributable to noncontrolling interest 187  29 
Net income attributable to Central Garden & Pet Company $ 9,009  $ 5,613 
Depreciation and amortization:
Pet segment $ 9,549  $ 9,085 
Garden segment 9,620  2,638 
Corporate 1,033  1,192 
Total depreciation and amortization $ 20,202  $ 12,915 
 
December 25, 2021 December 26, 2020 September 25, 2021
(in thousands)
Assets:
Pet segment $ 992,788  $ 911,787  $ 966,437 
Garden segment 1,417,011  599,097  1,313,899 
Corporate 708,242  935,215  836,344 
Total assets $ 3,118,041  $ 2,446,099  $ 3,116,680 
Goodwill (included in corporate assets above):
Pet segment $ 277,067  $ 277,067  $ 277,067 
Garden segment 92,324  12,888  92,324 
Total goodwill $ 369,391  $ 289,955  $ 369,391 
The tables below presents the Company's disaggregated revenues by segment:
Three Months Ended December 25, 2021
Pet Segment Garden Segment Total
(in millions)
Other pet products $ 153.6  $ —  $ 153.6 
Dog and cat products 144.9  —  144.9 
Other manufacturers' products 104.5  49.4  153.9 
Wild bird products 33.0  54.7  87.7 
Other garden supplies —  121.3  121.3 
     Total $ 436.0  $ 225.4  $ 661.4 
Three Months Ended December 26, 2020
Pet Segment Garden Segment Total
(in millions)
Other pet products $ 144.2  $ —  $ 144.2 
Dog and cat products 155.5  —  155.5 
Other manufacturers' products 98.7  44.0  142.7 
Wild bird products 38.0  30.6  68.6 
Other garden supplies —  81.2  81.2 
     Total $ 436.4  $ 155.8  $ 592.2