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Quarterly Financial Data - Unaudited
12 Months Ended
Sep. 29, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data - Unaudited
Quarterly Financial Data – Unaudited
 
Fiscal 2018
 
 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
 
 
(in thousands, except per share amounts)
 
 
Net sales
$
442,011

 
$
613,094

 
$
657,943

 
$
502,314

 
  
Gross profit
131,837

 
194,457

 
202,064

 
147,018

 
  
Net income attributable to Central Garden & Pet Company
26,247

(1
)
45,234

 
41,545

 
10,568

(1
)
 
Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.52

 
$
0.89

 
$
0.81

 
$
0.20

 
 
Diluted
$
0.50

(1
)
$
0.86

 
$
0.79

 
$
0.19

(1
)
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
50,730

 
50,871

 
51,134

 
54,059

 
  
Diluted
52,695

 
52,658

 
52,575

 
55,376

 
  
(1) Net income attributable to Central Garden & Pet Company was impacted by a provisional tax benefit of $16.3 million recorded in the first quarter of fiscal 2018 and a tax benefit of $5.2 million recorded in the fourth quarter of fiscal 2018, for a total fiscal 2018 year-to-date tax benefit of $21.5 million.
 
Fiscal 2017
 
 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
 
 
(in thousands, except per share amounts)
 
 
Net sales
$
419,498

 
$
569,924

 
$
574,592

 
$
490,464

 
  
Gross profit
120,678

 
183,529

 
183,273

 
145,328

 
  
Net income (loss) attributable to Central Garden & Pet Company
7,637

(1
)
34,684

 
32,248

 
4,259

 
 
Net income (loss) per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.15

 
$
0.69

 
$
0.64

 
$
0.08

 
 
Diluted
$
0.15

 
$
0.67

 
$
0.62

 
$
0.08

 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
49,665

 
50,079

 
50,507

 
50,654

 
  
Diluted
51,810

 
51,983

 
51,825

 
51,935

 
  
(1) The Company recognized a $2.0 million gain in its Garden segment from the sale of a distribution facility during the first quarter of fiscal 2017.