| 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 |
Nine Months Ended |
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June 29,
2019 |
|
June 30,
2018 |
June 29,
2019 |
|
June 30,
2018 |
Net sales: |
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Pet segment |
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$ |
350,155 |
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$ |
354,760 |
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$ |
1,028,754 |
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$ |
1,001,497 |
|
Garden segment |
|
356,420 |
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|
303,183 |
|
813,512 |
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|
711,551 |
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Total net sales |
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$ |
706,575 |
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$ |
657,943 |
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$ |
1,842,266 |
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$ |
1,713,048 |
|
Operating Income |
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Pet segment |
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35,066 |
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|
39,242 |
|
91,805 |
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|
108,202 |
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Garden segment |
|
53,103 |
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|
40,929 |
|
101,821 |
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|
93,975 |
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Corporate |
|
(19,298 |
) |
|
(19,352 |
) |
(52,421 |
) |
|
(53,051 |
) |
Total operating income |
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68,871 |
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|
60,819 |
|
141,205 |
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|
149,126 |
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Interest expense - net |
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(8,498 |
) |
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(10,013 |
) |
(24,960 |
) |
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(27,113 |
) |
Other income |
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180 |
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|
2,126 |
|
488 |
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|
542 |
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Income tax expense |
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14,212 |
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|
11,395 |
|
26,031 |
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|
8,802 |
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Income including noncontrolling interest |
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46,341 |
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|
41,537 |
|
90,702 |
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|
113,753 |
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Net income (loss) attributable to noncontrolling interest |
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189 |
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(8 |
) |
356 |
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|
727 |
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Net income attributable to Central Garden & Pet Company |
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$ |
46,152 |
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$ |
41,545 |
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$ |
90,346 |
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$ |
113,026 |
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Depreciation and amortization: |
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Pet segment |
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$ |
8,083 |
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$ |
7,626 |
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$ |
24,178 |
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$ |
21,715 |
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Garden segment |
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3,497 |
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|
2,789 |
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8,635 |
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|
6,065 |
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Corporate |
|
1,502 |
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|
2,172 |
|
4,498 |
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|
7,092 |
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Total depreciation and amortization |
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$ |
13,082 |
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$ |
12,587 |
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$ |
37,311 |
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$ |
34,872 |
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June 29,
2019 |
|
June 30,
2018 |
|
September 29,
2018 |
Assets: |
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Pet segment |
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$ |
742,938 |
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$ |
687,561 |
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$ |
683,938 |
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Garden segment |
|
558,260 |
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|
486,603 |
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|
407,483 |
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Corporate |
|
763,720 |
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|
534,241 |
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|
815,788 |
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Total assets |
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$ |
2,064,918 |
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$ |
1,708,405 |
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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 |
|
12,888 |
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|
5,473 |
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|
12,888 |
|
Total goodwill |
|
$ |
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 June 29, 2019 |
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Nine Months Ended June 29, 2019 |
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Pet Segment |
|
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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$ |
250.3 |
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$ |
— |
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$ |
250.3 |
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$ |
692.6 |
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$ |
— |
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$ |
692.6 |
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Dog and cat products |
|
99.9 |
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— |
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|
99.9 |
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|
336.2 |
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— |
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|
336.2 |
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Garden controls and fertilizer products |
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— |
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80.9 |
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80.9 |
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— |
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|
219.0 |
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|
219.0 |
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Other garden supplies |
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— |
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|
275.5 |
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|
275.5 |
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— |
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|
594.5 |
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|
594.5 |
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Total |
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$ |
350.2 |
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$ |
356.4 |
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$ |
706.6 |
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$ |
1,028.8 |
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$ |
813.5 |
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$ |
1,842.3 |
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Three Months Ended June 30, 2018 |
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Nine Months Ended June 30, 2018 |
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Pet Segment |
|
Garden Segment |
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Total |
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Pet Segment |
|
Garden Segment |
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Total |
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Other pet products |
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$ |
254.8 |
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$ |
— |
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$ |
254.8 |
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$ |
668.7 |
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$ |
— |
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$ |
668.7 |
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Dog and cat products |
|
100.0 |
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— |
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|
100.0 |
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|
332.8 |
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— |
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|
332.8 |
|
Garden controls and fertilizer products |
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— |
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|
86.6 |
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|
86.6 |
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— |
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|
229.1 |
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|
229.1 |
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Other garden supplies |
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— |
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216.6 |
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216.6 |
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— |
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|
482.5 |
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|
482.5 |
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Total |
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$ |
354.8 |
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$ |
303.2 |
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$ |
657.9 |
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$ |
1,001.5 |
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$ |
711.6 |
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$ |
1,713.0 |
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