Central Garden & Pet Company Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

9 Months Ended

Jun. 27, 2020

These operating segments are Pet segment and Garden segment and are presented in the table below (in thousands).


	Three Months Ended						Nine Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Net sales:
Pet segment	$	413,260	$	350,155	$	1,128,073	$	1,028,754
Garden segment	420,223		356,420		891,467		813,512
Total net sales	$	833,483	$	706,575	$	2,019,540	$	1,842,266
Operating Income (loss)
Pet segment	50,760		35,066		114,599		91,805
Garden segment	77,787		53,103		122,439		101,821
Corporate	(23,907)		(19,298)		(64,228)		(52,421)
Total operating income	104,640		68,871		172,810		141,205
Interest expense - net	(11,471)		(8,498)		(29,444)		(24,960)
Other income (expense)	(3,541)		180		(4,215)		488
Income tax expense	20,291		14,212		31,211		26,031
Income including noncontrolling interest	69,337		46,341		107,940		90,702
Net income attributable to noncontrolling interest	537		189		853		356
Net income attributable to Central Garden & Pet Company	$	68,800	$	46,152	$	107,087	$	90,346
Depreciation and amortization:
Pet segment	$	8,374	$	8,083	$	25,305	$	24,178
Garden segment	3,538		3,497		10,157		8,635
Corporate	1,371		1,502		4,136		4,498
Total depreciation and amortization	$	13,283	$	13,082	$	39,598	$	37,311


	June 27, 2020		June 29, 2019		September 28, 2019
Assets:
Pet segment	$	810,524	$	742,938	$	734,380
Garden segment	635,671		558,260		463,889
Corporate	817,774		763,720		826,751
Total assets	$	2,263,969	$	2,064,918	$	2,025,020
Goodwill (included in corporate assets above):
Pet segment	$	272,066	$	268,289	$	268,289
Garden segment	17,788		12,888		17,788
Total goodwill	$	289,854	$	281,177	$	286,077

The tables below presents the Company's disaggregated revenues by segment (in millions):


	Three Months Ended June 27, 2020										Nine Months Ended June 27, 2020
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total

Other pet products	$	206.3	$	—	$	206.3	$	508.3	$	—	$	508.3
Dog and cat products	117.0		—		117.0		358.8		—		358.8
Other manufacturers' products	90.0		90.1		180.1		261.0		182.2		443.2
Garden controls and fertilizer products	—		100.3		100.3		—		234.2		234.2
Other garden supplies	—		229.8		229.8		—		475.0		475.0
Total	$	413.3	$	420.2	$	833.5	$	1,128.1	$	891.5	$	2,019.5


	Three Months Ended June 29, 2019										Nine Months Ended June 29, 2019
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total

Other pet products	$	171.1	$	—	$	171.1	$	457.0	$	—	$	457.0
Dog and cat products	99.9		—		99.9		336.2		—		336.2
Other manufacturers' products	79.2		61.8		141.0		235.6		143.3		378.9
Garden controls and fertilizer products	—		80.9		80.9		—		219.0		219.0
Other garden supplies	—		213.7		213.7		—		451.2		451.2
Total	$	350.2	$	356.4	$	706.6	$	1,028.8	$	813.5	$	1,842.3