Segment Information (Tables)

9 Months Ended

Jun. 25, 2022

Segment Reporting [Abstract]

Schedule of Financial Information Relating to Company's Business Segments

These operating segments are the Pet segment and the Garden segment and are presented in the table below.

 

	Three Months Ended				Nine Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(in thousands)
Net sales:
Pet segment	$	504,781	$	507,788	$	1,438,423	$	1,436,170
Garden segment	510,597		529,287		1,192,723		1,128,387
Total net sales	$	1,015,378	$	1,037,075	$	2,631,146	$	2,564,557
Operating Income
Pet segment	62,616		71,021		168,512		176,604
Garden segment	75,564		67,037		152,132		137,650
Corporate	(24,101)		(24,817)		(73,506)		(69,363)
Total operating income	114,079		113,241		247,138		244,891
Interest expense - net	(14,335)		(13,086)		(43,445)		(44,006)
Other income (expense)	(759)		(1,086)		(1,337)		370
Income tax expense	23,430		22,315		47,319		45,260
Income including noncontrolling interest	75,555		76,754		155,037		155,995
Net income attributable to noncontrolling interest	135		568		895		1,242
Net income attributable to Central Garden & Pet Company	$	75,420	$	76,186	$	154,142	$	154,753
Depreciation and amortization:
Pet segment	$	9,791	$	8,960	$	28,879	$	26,927
Garden segment	9,118		10,808		26,457		22,250
Corporate	975		1,222		2,997		3,582
Total depreciation and amortization	$	19,884	$	20,990	$	58,333	$	52,759

 

	June 25, 2022		June 26, 2021		September 25, 2021
	(in thousands)
Assets:
Pet segment	$	1,098,886	$	976,189	$	966,437
Garden segment	1,498,856		1,328,664		1,313,899
Corporate	748,184		818,651		836,344
Total assets	$	3,345,926	$	3,123,504	$	3,116,680
Goodwill (included in corporate assets above):
Pet segment	$	277,067	$	277,067	$	277,067
Garden segment	234,906		12,888		92,324
Total goodwill	$	511,973	$	289,955	$	369,391

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

	Three Months Ended June 25, 2022						Nine Months Ended June 25, 2022
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	233.3	$	—	$	233.3	$	610.5	$	—	$	610.5
Dog and cat products	122.5		—		122.5		396.7		—		396.7
Other manufacturers' products	102.4		112.7		215.1		305.5		257.5		563.0
Wild bird products	46.6		79.4		126.0		125.7		207.0		332.7
Other garden supplies	—		318.5		318.5		—		728.2		728.2
Total	$	504.8	$	510.6	$	1,015.4	$	1,438.4	$	1,192.7	$	2,631.1

	Three Months Ended June 26, 2021						Nine Months Ended June 26, 2021
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	234.7	$	—	$	234.7	$	591.1	$	—	$	591.1
Dog and cat products	131.9		—		131.9		420.6		—		420.6
Other manufacturers' products	98.4		126.0		224.4		296.2		274.9		571.1
Wild bird products	42.8		47.3		90.1		128.3		121.9		250.2
Other garden supplies	—		356.0		356.0		—		731.6		731.6
Total	$	507.8	$	529.3	$	1,037.1	$	1,436.2	$	1,128.4	$	2,564.6