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Segment Information (Tables)
9 Months Ended
Jun. 24, 2023
Segment Reporting [Abstract]  
Disclosure by reportable segment and reconciliation of total operating segment information

The following table presents certain data by reportable segment and provides a reconciliation of total operating segment information to the corresponding condensed consolidated amounts for the periods presented:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 24,

 

 

June 25,

 

 

June 24,

 

 

June 25,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

241,485

 

 

$

260,634

 

 

$

1,040,978

 

 

$

1,108,572

 

Fuel oil and refined fuels

 

 

14,086

 

 

 

19,274

 

 

 

82,353

 

 

 

83,741

 

Natural gas and electricity

 

 

4,926

 

 

 

7,547

 

 

 

25,472

 

 

 

31,165

 

All other

 

 

18,131

 

 

 

12,877

 

 

 

53,796

 

 

 

40,356

 

Total revenues

 

$

278,628

 

 

$

300,332

 

 

$

1,202,599

 

 

$

1,263,834

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

52,170

 

 

$

52,178

 

 

$

303,537

 

 

$

340,139

 

Fuel oil and refined fuels

 

 

(12

)

 

 

(308

)

 

 

8,417

 

 

 

8,571

 

Natural gas and electricity

 

 

1,029

 

 

 

792

 

 

 

5,259

 

 

 

5,912

 

All other

 

 

(7,507

)

 

 

(5,998

)

 

 

(23,369

)

 

 

(16,790

)

Corporate

 

 

(30,814

)

 

 

(31,893

)

 

 

(90,984

)

 

 

(93,844

)

Total operating income

 

 

14,866

 

 

 

14,771

 

 

 

202,860

 

 

 

243,988

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net (loss) income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

18,733

 

 

 

15,004

 

 

 

54,598

 

 

 

45,557

 

Other, net

 

 

1,150

 

 

 

2,031

 

 

 

3,231

 

 

 

4,395

 

Provision for income taxes

 

 

244

 

 

 

271

 

 

 

421

 

 

 

171

 

Net (loss) income

 

$

(5,261

)

 

$

(2,535

)

 

$

144,610

 

 

$

193,865

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

11,756

 

 

$

12,054

 

 

$

34,977

 

 

$

37,552

 

Fuel oil and refined fuels

 

 

405

 

 

 

420

 

 

 

1,233

 

 

 

1,276

 

Natural gas and electricity

 

 

 

 

 

6

 

 

 

3

 

 

 

16

 

All other

 

 

2,097

 

 

 

45

 

 

 

5,052

 

 

 

135

 

Corporate

 

 

1,279

 

 

 

1,484

 

 

 

4,115

 

 

 

5,377

 

Total depreciation and amortization

 

$

15,537

 

 

$

14,009

 

 

$

45,380

 

 

$

44,356

 

 

 

As of

 

 

 

June 24,

 

 

September 24,

 

 

 

2023

 

 

2022

 

Assets:

 

 

 

 

 

 

Propane

 

$

1,929,477

 

 

$

1,957,257

 

Fuel oil and refined fuels

 

 

47,422

 

 

 

49,683

 

Natural gas and electricity

 

 

11,057

 

 

 

12,504

 

All other

 

 

243,497

 

 

 

47,853

 

Corporate

 

 

48,972

 

 

 

36,429

 

Total assets

 

$

2,280,425

 

 

$

2,103,726