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 |
Six Months Ended |
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March 30, 2019 |
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March 31, 2018 |
March 30, 2019 |
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March 31, 2018 |
Net sales: |
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Pet segment |
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$ |
338,183 |
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$ |
321,653 |
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$ |
678,599 |
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$ |
646,737 |
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Garden segment |
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335,518 |
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291,441 |
|
457,092 |
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|
408,368 |
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Total net sales |
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$ |
673,701 |
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$ |
613,094 |
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$ |
1,135,691 |
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$ |
1,055,105 |
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Operating Income |
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Pet segment |
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26,984 |
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32,784 |
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56,739 |
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68,960 |
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Garden segment |
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53,355 |
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50,746 |
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48,718 |
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53,046 |
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Corporate |
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(18,186 |
) |
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(17,744 |
) |
(33,123 |
) |
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(33,699 |
) |
Total operating income |
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62,153 |
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65,786 |
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72,334 |
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88,307 |
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Interest expense - net |
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(8,385 |
) |
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(9,882 |
) |
(16,462 |
) |
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(17,100 |
) |
Other income (expense) |
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500 |
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1,505 |
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308 |
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(1,584 |
) |
Income tax expense (benefit) |
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11,546 |
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11,643 |
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11,819 |
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(2,593 |
) |
Income including noncontrolling interest |
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42,722 |
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45,766 |
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44,361 |
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72,216 |
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Net income attributable to noncontrolling interest |
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331 |
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532 |
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167 |
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|
735 |
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Net income attributable to Central Garden & Pet Company |
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$ |
42,391 |
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$ |
45,234 |
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$ |
44,194 |
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$ |
71,481 |
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Depreciation and amortization: |
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Pet segment |
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$ |
8,039 |
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$ |
6,944 |
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$ |
16,095 |
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$ |
14,089 |
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Garden segment |
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2,312 |
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1,707 |
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5,138 |
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3,276 |
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Corporate |
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1,526 |
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2,471 |
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2,996 |
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4,920 |
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Total depreciation and amortization |
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$ |
11,877 |
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$ |
11,122 |
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$ |
24,229 |
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$ |
22,285 |
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March 30, 2019 |
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March 31, 2018 |
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September 29, 2018 |
Assets: |
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Pet segment |
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$ |
700,638 |
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$ |
660,344 |
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$ |
683,938 |
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Garden segment |
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687,951 |
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581,105 |
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407,483 |
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Corporate |
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657,551 |
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462,514 |
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815,788 |
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Total assets |
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$ |
2,046,140 |
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$ |
1,703,963 |
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$ |
1,907,209 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
268,289 |
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$ |
262,770 |
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$ |
268,289 |
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Garden segment |
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12,888 |
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|
5,473 |
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|
12,888 |
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Total goodwill |
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$ |
281,177 |
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$ |
268,243 |
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$ |
281,177 |
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The tables below present the Company's disaggregated revenues by segment (in thousands):
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Three Months Ended March 30, 2019 |
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Six Months Ended March 30, 2019 |
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Pet Segment |
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Garden Segment |
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Total |
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Pet Segment |
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Garden Segment |
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Total |
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Other pet products |
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$ |
233.0 |
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$ |
— |
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$ |
233.0 |
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$ |
442.3 |
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$ |
— |
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$ |
442.3 |
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Dog and cat products |
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105.2 |
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— |
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105.2 |
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236.3 |
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— |
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236.3 |
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Garden controls and fertilizer products |
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— |
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113.8 |
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113.8 |
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— |
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138.1 |
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138.1 |
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Other garden supplies |
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— |
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221.7 |
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221.7 |
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— |
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319.0 |
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|
319.0 |
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Total |
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$ |
338.2 |
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$ |
335.5 |
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$ |
673.7 |
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$ |
678.6 |
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$ |
457.1 |
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$ |
1,135.7 |
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Three Months Ended March 31, 2018 |
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Six Months Ended March 31, 2018 |
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Pet Segment |
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Garden Segment |
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Total |
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Pet Segment |
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Garden Segment |
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Total |
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Other pet products |
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$ |
218.8 |
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$ |
— |
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$ |
218.8 |
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$ |
413.9 |
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$ |
— |
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$ |
413.9 |
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Dog and cat products |
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102.9 |
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— |
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102.9 |
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232.8 |
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— |
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232.8 |
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Garden controls and fertilizer products |
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— |
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112.9 |
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112.9 |
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— |
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142.5 |
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142.5 |
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Other garden supplies |
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— |
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178.5 |
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178.5 |
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— |
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265.9 |
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|
265.9 |
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Total |
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$ |
321.7 |
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$ |
291.4 |
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$ |
613.1 |
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$ |
646.7 |
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$ |
408.4 |
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$ |
1,055.1 |
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