Segment Information

3 Months Ended

Dec. 25, 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.

 

	Three Months Ended
	December 25, 2021		December 26, 2020
	(in thousands)
Net sales:
Pet segment	$	436,002	$	436,410
Garden segment	225,396		155,820
Total net sales	$	661,398	$	592,230
Operating Income
Pet segment	45,251		43,525
Garden segment	6,057		4,651
Corporate	(25,094)		(21,136)
Total operating income	26,214		27,040
Interest expense - net	(14,408)		(20,769)
Other income (expense)	(209)		752
Income tax expense	2,401		1,381
Income including noncontrolling interest	9,196		5,642
Net income attributable to noncontrolling interest	187		29
Net income attributable to Central Garden & Pet Company	$	9,009	$	5,613
Depreciation and amortization:
Pet segment	$	9,549	$	9,085
Garden segment	9,620		2,638
Corporate	1,033		1,192
Total depreciation and amortization	$	20,202	$	12,915

 

	December 25, 2021		December 26, 2020		September 25, 2021
	(in thousands)
Assets:
Pet segment	$	992,788	$	911,787	$	966,437
Garden segment	1,417,011		599,097		1,313,899
Corporate	708,242		935,215		836,344
Total assets	$	3,118,041	$	2,446,099	$	3,116,680
Goodwill (included in corporate assets above):
Pet segment	$	277,067	$	277,067	$	277,067
Garden segment	92,324		12,888		92,324
Total goodwill	$	369,391	$	289,955	$	369,391

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

	Three Months Ended December 25, 2021
	Pet Segment		Garden Segment		Total
	(in millions)
Other pet products	$	153.6	$	—	$	153.6
Dog and cat products	144.9		—		144.9
Other manufacturers' products	104.5		49.4		153.9
Wild bird products	33.0		54.7		87.7
Other garden supplies	—		121.3		121.3
Total	$	436.0	$	225.4	$	661.4

	Three Months Ended December 26, 2020
	Pet Segment		Garden Segment		Total
	(in millions)
Other pet products	$	144.2	$	—	$	144.2
Dog and cat products	155.5		—		155.5
Other manufacturers' products	98.7		44.0		142.7
Wild bird products	38.0		30.6		68.6
Other garden supplies	—		81.2		81.2
Total	$	436.4	$	155.8	$	592.2