Segment Information

3 Months Ended

Dec. 24, 2022

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. Substantially all of the Company's assets and operations relate to its business in the United States. Financial information relating to the Company's business segments is presented in the table below.

 

	Three Months Ended
	December 24, 2022		December 25, 2021
	(in thousands)
Net sales:
Pet segment	$	415,820	$	436,002
Garden segment	211,843		225,396
Total net sales	$	627,663	$	661,398
Operating income (loss)
Pet segment	39,555		45,251
Garden segment	(10,820)		6,057
Corporate	(28,329)		(25,094)
Total operating income	406		26,214
Interest expense - net	(13,776)		(14,408)
Other income (expense)	1,699		(209)
Income tax (benefit) expense	(2,822)		2,401
Income (loss) including noncontrolling interest	(8,849)		9,196
Net income (loss) attributable to noncontrolling interest	(416)		187
Net income (loss) attributable to Central Garden & Pet Company	$	(8,433)	$	9,009
Depreciation and amortization:
Pet segment	$	10,112	$	9,549
Garden segment	10,842		9,620
Corporate	738		1,033
Total depreciation and amortization	$	21,692	$	20,202

 

	December 24, 2022		December 25, 2021		September 24, 2022
	(in thousands)
Assets:
Pet segment	$	1,041,944	$	992,788	$	1,069,167
Garden segment	1,472,102		1,417,011		1,405,802
Corporate	715,023		708,242		807,033
Total assets	$	3,229,069	$	3,118,041	$	3,282,002
Goodwill (included in corporate assets above):
Pet segment	$	277,067	$	277,067	$	277,067
Garden segment	269,369		92,324		269,369
Total goodwill	$	546,436	$	369,391	$	546,436

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

	Three Months Ended December 24, 2022
	Pet Segment		Garden Segment		Total
	(in millions)
Other pet products	$	139.5	$	—	$	139.5
Dog and cat products	134.2		—		134.2
Other manufacturers' products	103.4		46.0		149.4
Wild bird products	38.7		59.5		98.3
Other garden supplies	—		106.3		106.3
Total	$	415.8	$	211.8	$	627.7

	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