Segment Information

6 Months Ended

Mar. 27, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Management has determined that the Company has two operating segments, which are also reportable segments based on the level at which the Chief Operating Decision Maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are the Pet segment and the Garden segment and are presented in the table below.

During the first quarter of fiscal year 2021, the Company began reporting the results of its outdoor cushion operations in the Pet segment as a result of a change in internal management reporting lines due to potential synergies in sourcing, manufacturing and innovation and to be consistent with the reporting of financial information used to assess performance and allocate resources. These operations were previously reported in the Garden segment and are now managed and reported in the Pet segment. All prior period segment disclosures have been recast to reflect this segment change.

	Three Months Ended				Six Months Ended
	March 27, 2021		March 28, 2020		March 27, 2021		March 28, 2020
	(in thousands)
Net sales:
Pet segment	$	491,972	$	405,528	$	928,382	$	772,119
Garden segment	443,280		297,701		$	599,100	413,938
Total net sales	$	935,252	$	703,229	$	1,527,482	$	1,186,057
Operating Income
Pet segment	62,058		43,476		105,583		72,213
Garden segment	65,962		43,161		70,613		36,278
Corporate	(23,410)		(20,532)		(44,546)		(40,321)
Total operating income	104,610		66,105		131,650		68,170
Interest expense - net	(10,151)		(9,336)		(30,920)		(17,973)
Other income (expense)	704		(979)		1,456		(674)
Income tax expense	21,564		12,648		22,945		10,920
Income including noncontrolling interest	73,599		43,142		79,241		38,603
Net income attributable to noncontrolling interest	645		438		674		316
Net income attributable to Central Garden & Pet Company	$	72,954	$	42,704	$	78,567	$	38,287
Depreciation and amortization:
Pet segment	$	8,882	$	9,170	$	17,967	$	18,242
Garden segment	8,804		2,595		11,442		5,308
Corporate	1,168		1,411		2,360		2,766
Total depreciation and amortization	$	18,854	$	13,176	$	31,769	$	26,316

	March 27, 2021		March 28, 2020		September 26, 2020
	(in thousands)
Assets:
Pet segment	$	980,769	$	894,294	$	877,901
Garden segment	1,511,136		613,847		481,401
Corporate	355,197		659,266		980,062
Total assets	$	2,847,102	$	2,167,407	$	2,339,364
Goodwill (included in corporate assets above):
Pet segment	$	277,067	$	276,966	$	277,067
Garden segment	12,888		12,888		12,888
Total goodwill	$	289,955	$	289,854	$	289,955

The tables below presents the Company's disaggregated revenues by segment:

	Three Months Ended March 27, 2021						Six Months Ended March 27, 2021
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	259.5	$	—	$	259.5	$	441.8	$	—	$	441.8
Dog and cat products	133.3		—		133.3		288.7		—		288.7
Other manufacturers' products	99.2		89.2		188.4		197.9		131.8		329.7
Garden controls and fertilizer products	—		131.7		131.7		—		160.8		160.8
Other garden supplies	—		222.4		222.4		—		306.5		306.5
Total	$	492.0	$	443.3	$	935.3	$	928.4	$	599.1	$	1,527.5

	Three Months Ended March 28, 2020						Six Months Ended March 28, 2020
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	208.9	$	—	$	208.9	$	359.3	$	—	$	359.3
Dog and cat products	111.4		—		111.4		241.8		—		241.8
Other manufacturers' products	85.2		65.1		150.3		171.0		95.0		266.0
Garden controls and fertilizer products	—		110.8		110.8		—		133.9		133.9
Other garden supplies	—		121.8		121.8		—		185.0		185.1
Total	$	405.5	$	297.7	$	703.2	$	772.1	$	413.9	$	1,186.1