| 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 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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|
December 29,
2018 |
|
December 30,
2017 |
Net sales: |
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|
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Pet segment |
|
$ |
340,416 |
|
|
$ |
325,084 |
|
Garden segment |
|
121,574 |
|
|
116,927 |
|
Total net sales |
|
$ |
461,990 |
|
|
$ |
442,011 |
|
Operating Income |
|
|
|
|
Pet segment |
|
29,755 |
|
|
36,176 |
|
Garden segment |
|
(4,637 |
) |
|
2,300 |
|
Corporate |
|
(14,937 |
) |
|
(15,955 |
) |
Total operating income |
|
10,181 |
|
|
22,521 |
|
Interest expense - net |
|
(8,077 |
) |
|
(7,218 |
) |
Other expense |
|
(192 |
) |
|
(3,089 |
) |
Income tax expense (benefit) |
|
273 |
|
|
(14,236 |
) |
Income including noncontrolling interest |
|
1,639 |
|
|
26,450 |
|
Net income (loss) attributable to noncontrolling interest |
|
(164 |
) |
|
203 |
|
Net income attributable to Central Garden & Pet Company |
|
$ |
1,803 |
|
|
$ |
26,247 |
|
Depreciation and amortization: |
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Pet segment |
|
$ |
8,056 |
|
|
$ |
7,145 |
|
Garden segment |
|
2,826 |
|
|
1,569 |
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Corporate |
|
1,470 |
|
|
2,449 |
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Total depreciation and amortization |
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$ |
12,352 |
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$ |
11,163 |
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December 29,
2018 |
|
December 30,
2017 |
|
September 29,
2018 |
Assets: |
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Pet segment |
|
$ |
677,647 |
|
|
$ |
620,681 |
|
|
$ |
683,938 |
|
Garden segment |
|
453,331 |
|
|
356,821 |
|
|
407,483 |
|
Corporate |
|
819,868 |
|
|
639,850 |
|
|
815,788 |
|
Total assets |
|
$ |
1,950,846 |
|
|
$ |
1,617,352 |
|
|
$ |
1,907,209 |
|
Goodwill (included in corporate assets above): |
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Pet segment |
|
$ |
268,289 |
|
|
$ |
250,802 |
|
|
$ |
268,289 |
|
Garden segment |
|
12,888 |
|
|
5,473 |
|
|
12,888 |
|
Total goodwill |
|
$ |
281,177 |
|
|
$ |
256,275 |
|
|
$ |
281,177 |
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The tables below present the Company's disaggregated revenues by segment:
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Three Months Ended December 29, 2018 |
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Pet Segment |
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Garden Segment |
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Total |
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Other pet products |
|
$ |
209.3 |
|
|
$ |
— |
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|
$ |
209.3 |
|
Dog and cat products |
|
131.1 |
|
|
— |
|
|
131.1 |
|
Garden controls and fertilizer products |
|
— |
|
|
24.3 |
|
|
24.3 |
|
Other garden supplies |
|
— |
|
|
97.3 |
|
|
97.3 |
|
Total |
|
$ |
340.4 |
|
|
$ |
121.6 |
|
|
$ |
462.0 |
|
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Three Months Ended December 30, 2017 |
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Pet Segment |
|
Garden Segment |
|
Total |
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|
|
|
|
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|
Other pet products |
|
$ |
195.1 |
|
|
$ |
— |
|
|
$ |
195.1 |
|
Dog and cat products |
|
130.0 |
|
|
— |
|
|
130.0 |
|
Garden controls and fertilizer products |
|
— |
|
|
29.6 |
|
|
29.6 |
|
Other garden supplies |
|
— |
|
|
87.3 |
|
|
87.3 |
|
Total |
|
$ |
325.1 |
|
|
$ |
116.9 |
|
|
$ |
442.0 |
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