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 30, 2018 |
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June 24, 2017 |
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June 30, 2018 |
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June 24, 2017 |
Net sales: |
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Pet segment |
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$ |
354,760 |
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$ |
313,437 |
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$ |
1,001,497 |
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$ |
915,876 |
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Garden segment |
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303,183 |
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261,155 |
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711,551 |
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|
648,138 |
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Total net sales |
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$ |
657,943 |
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$ |
574,592 |
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$ |
1,713,048 |
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$ |
1,564,014 |
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Operating Income |
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Pet segment |
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39,242 |
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36,092 |
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108,202 |
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104,143 |
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Garden segment |
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40,929 |
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38,369 |
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93,975 |
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87,050 |
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Corporate |
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(19,352 |
) |
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(16,528 |
) |
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(53,051 |
) |
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(49,462 |
) |
Total operating income |
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60,819 |
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57,933 |
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149,126 |
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141,731 |
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Interest expense - net |
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(10,013 |
) |
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(7,220 |
) |
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(27,113 |
) |
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(20,877 |
) |
Other income (expense) |
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2,126 |
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1,626 |
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542 |
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(306 |
) |
Income tax expense |
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11,395 |
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19,450 |
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8,802 |
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44,621 |
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Income including noncontrolling interest |
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41,537 |
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32,889 |
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113,753 |
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|
75,927 |
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Net income (loss) attributable to noncontrolling interest |
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(8 |
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641 |
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727 |
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1,358 |
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Net income attributable to Central Garden & Pet Company |
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$ |
41,545 |
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$ |
32,248 |
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$ |
113,026 |
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$ |
74,569 |
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Depreciation and amortization: |
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Pet segment |
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$ |
7,626 |
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6,794 |
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$ |
21,715 |
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$ |
18,798 |
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Garden segment |
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2,789 |
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1,651 |
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6,065 |
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4,686 |
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Corporate |
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2,172 |
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2,585 |
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7,092 |
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7,890 |
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Total depreciation and amortization |
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$ |
12,587 |
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$ |
11,030 |
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$ |
34,872 |
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$ |
31,374 |
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June 30, 2018 |
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June 24, 2017 |
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September 30, 2017 |
Assets: |
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Pet segment |
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$ |
687,561 |
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$ |
622,567 |
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$ |
612,337 |
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Garden segment |
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486,603 |
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368,365 |
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311,026 |
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Corporate |
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534,241 |
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330,409 |
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383,543 |
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Total assets |
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$ |
1,708,405 |
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$ |
1,321,341 |
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$ |
1,306,906 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
262,770 |
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$ |
224,912 |
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$ |
250,802 |
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Garden segment |
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5,473 |
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5,473 |
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|
5,473 |
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Total goodwill |
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$ |
268,243 |
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$ |
230,385 |
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$ |
256,275 |
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