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Quarterly Financial Data - Unaudited (Tables)
 12 Months Ended
Sep. 24, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data - Unaudited
 
Fiscal 2016
 
 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
 
 
(in thousands, except per share amounts)
 
 
Net sales
$
359,812

 
$
541,249

 
$
514,544

 
$
413,412

 
  
Gross profit
99,786

 
169,339

 
163,745

 
120,180

 
  
Net income (loss) attributable to Central Garden & Pet Company
(8,602
)
(1
)
32,697

 
26,030

(2
)
(5,611
)
 
(3)
Net income (loss) per share:
 
 
 
 
 
 
 
 
 
Basic
$
(0.18
)
 
$
0.67

 
$
0.53

 
$
(0.11
)
 
 
Diluted
$
(0.18
)
 
$
0.65

 
$
0.51

 
$
(0.11
)
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
48,566

 
48,717

 
49,120

 
49,453

 
  
Diluted
48,566

 
50,445

 
51,063

 
49,453

 
  
 
 
Fiscal 2015
 
 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
 
 
(in thousands, except per share amounts)
 
 
Net sales
$
307,320

 
$
497,602

 
$
459,446

 
$
386,369

 
  
Gross profit
87,981

 
150,062

 
142,037

 
107,972

 
  
Net income (loss) attributable to Central Garden & Pet Company
(5,697
)
 
23,237

 
18,800

 
(4,369
)
 
(4)
Net income (loss) per share:
 
 
 
 
 
 
 
 
 
Basic
$
(0.12
)
 
$
0.48

 
$
0.39

 
$
(0.09
)
 
 
Diluted
$
(0.12
)
 
$
0.47

 
$
0.38

 
$
(0.09
)
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
 
Basic
49,379

 
48,384

 
48,167

 
48,322

 
  
Diluted
49,379

 
49,439

 
49,290

 
48,322

 
  
_______________________________ 
(1)
During the first quarter of fiscal 2016, the Company redeemed its 2018 Notes and issued senior notes due November 2023. As a result of the bond redemption, the Company incurred incremental expenses of $14.3 million, comprised of a call premium payment of $8.3 million, a $2.7 million payment of overlapping interest expense for 30 days and a $3.3 million non-cash charge for the write off of unamortized deferred financing costs and discount related to the 2018 Notes.
(2)
The Company recognized a $2.4 million gain in our Pet segment from the sale of a manufacturing plant resulting from rationalizing our facilities to reduce excess capacity during the third quarter of fiscal 2016.
(3)
The Company recognized a non-cash impairment charge of $16.6 million related to our investment in two joint ventures as a result of changes in marketplace conditions, and a non-cash impairment charge in our Pet segment of $1.8 million related to the impairment of certain indefinite-lived intangible assets due to declining sales volume during the fourth quarter of fiscal 2016.
(4)
The Company recognized a $7.3 million non-cash impairment charge to its indefinite-lived intangible assets as a result of increased competition and declining sales volume in its Pet segment during the fourth quarter of fiscal 2015.