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Segment Information (Tables)
6 Months Ended
Mar. 28, 2020
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 consolidated amounts for the periods presented:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 28,

 

 

March 30,

 

 

March 28,

 

 

March 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

347,686

 

 

$

433,056

 

 

$

633,111

 

 

$

754,416

 

Fuel oil and refined fuels

 

 

31,502

 

 

 

41,598

 

 

 

57,393

 

 

 

70,507

 

Natural gas and electricity

 

 

10,198

 

 

 

17,596

 

 

 

18,919

 

 

 

31,000

 

All other

 

 

11,669

 

 

 

12,127

 

 

 

25,510

 

 

 

25,558

 

Total revenues

 

$

401,055

 

 

$

504,377

 

 

$

734,933

 

 

$

881,481

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

115,143

 

 

$

162,650

 

 

$

201,265

 

 

$

233,121

 

Fuel oil and refined fuels

 

 

6,391

 

 

 

8,071

 

 

 

9,119

 

 

 

11,541

 

Natural gas and electricity

 

 

2,778

 

 

 

4,885

 

 

 

5,007

 

 

 

7,713

 

All other

 

 

(4,846

)

 

 

(4,152

)

 

 

(10,233

)

 

 

(8,796

)

Corporate

 

 

(21,841

)

 

 

(29,364

)

 

 

(47,679

)

 

 

(52,955

)

Total operating income

 

 

97,625

 

 

 

142,090

 

 

 

157,479

 

 

 

190,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on debt extinguishment

 

 

109

 

 

 

 

 

 

109

 

 

 

 

Interest expense, net

 

 

19,176

 

 

 

19,647

 

 

 

38,248

 

 

 

39,135

 

Other, net

 

 

979

 

 

 

1,175

 

 

 

1,957

 

 

 

2,351

 

Provision for (benefit from) income taxes

 

 

 

 

 

252

 

 

 

(359

)

 

 

403

 

Net income

 

$

77,361

 

 

$

121,016

 

 

$

117,524

 

 

$

148,735

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

26,871

 

 

$

27,939

 

 

$

53,851

 

 

$

54,894

 

Fuel oil and refined fuels

 

 

468

 

 

 

503

 

 

 

975

 

 

 

1,025

 

Natural gas and electricity

 

 

6

 

 

 

 

 

 

6

 

 

 

 

All other

 

 

48

 

 

 

48

 

 

 

95

 

 

 

100

 

Corporate

 

 

1,895

 

 

 

2,133

 

 

 

3,635

 

 

 

4,675

 

Total depreciation and amortization

 

$

29,288

 

 

$

30,623

 

 

$

58,562

 

 

$

60,694

 

 

 

 

As of

 

 

 

March 28,

 

 

September 28,

 

 

 

2020

 

 

2019

 

Assets:

 

 

 

 

 

 

 

 

Propane

 

$

2,031,125

 

 

$

1,904,344

 

Fuel oil and refined fuels

 

 

54,635

 

 

 

44,279

 

Natural gas and electricity

 

 

12,341

 

 

 

11,907

 

All other

 

 

16,479

 

 

 

2,950

 

Corporate

 

 

45,437

 

 

 

34,868

 

Total assets

 

$

2,160,017

 

 

$

1,998,348