Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Sep. 24, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating Condensed Statement of Operations

	CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
	Fiscal Year Ended September 24, 2016
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	587,579		$	82,567		$	1,238,339	$	(79,468	)	$	1,829,017
Cost of goods sold and occupancy	466,543			62,727			820,573		(73,876		)	1,275,967
Gross profit	121,036			19,840			417,766		(5,592		)	553,050
Selling, general and administrative expenses	138,556			18,077			272,651		(5,592		)	423,692
Operating income (loss)	(17,520		)	1,763			145,115		—			129,358
Interest expense	(42,700		)	(266		)	119		—			(42,847		)
Interest income	136			4			—		—			140
Other income (expense)	(16,925		)	(113		)	25		—			(17,013		)
Income (loss) before taxes and equity in earnings of affiliates	(77,009		)	1,388			145,259		—			69,638
Income tax expense (benefit)	(26,422		)	923			49,552		—			24,053
Equity in earnings of affiliates	95,101			—			624		(95,725		)	—
Net income including noncontrolling interest	44,514			465			96,331		(95,725		)	45,585
Noncontrolling interest	—			1,071			—		—			1,071
Net income (loss) attributable to Central Garden & Pet Company	$	44,514		$	(606	)	$	96,331	$	(95,725	)	$	44,514

	CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
	Fiscal Year Ended September 26, 2015
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	484,310		$	100,127		$	1,146,821		$	(80,521	)	$	1,650,737
Cost of goods sold and occupancy	379,235			76,597			781,797			(74,944		)	1,162,685
Gross profit	105,075			23,530			365,024			(5,577		)	488,052
Selling, general and administrative expenses	124,613			18,329			259,252			(5,577		)	396,617
Operating income (loss)	(19,538		)	5,201			105,772			—			91,435
Interest expense	(39,893		)	(268		)	134			—			(40,027		)
Interest income	126			3			—			—			129
Other income (expense)	(372		)	407			(22		)	—			13
Income (loss) before taxes and equity in earnings of affiliates	(59,677		)	5,343			105,884			—			51,550
Income tax expense (benefit)	(21,500		)	2,089			37,946			—			18,535
Equity in earnings of affiliates	70,148			—			2,445			(72,593		)	—
Net income including noncontrolling interest	31,971			3,254			70,383			(72,593		)	33,015
Noncontrolling interest	—			1,044			—			—			1,044
Net income attributable to Central Garden & Pet Company	$	31,971		$	2,210		$	70,383		$	(72,593	)	$	31,971

	CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
	Fiscal Year Ended September 27, 2014
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	460,781		$	109,453		$	1,103,926		$	(69,803	)	$	1,604,357
Cost of goods sold and occupancy	370,492			87,028			757,217			(64,404		)	1,150,333
Gross profit	90,289			22,425			346,709			(5,399		)	454,024
Selling, general and administrative expenses	117,240			18,230			267,740			(5,399		)	397,811
Operating income (loss)	(26,951		)	4,195			78,969			—			56,213
Interest expense	(42,742		)	(218		)	116			—			(42,844		)
Interest income	92			2			—			—			94
Other income (expense)	186			583			(366		)	—			403
Income (loss) before taxes and equity in earnings of affiliates	(69,415		)	4,562			78,719			—			13,866
Income tax expense (benefit)	(26,962		)	756			30,251			—			4,045
Equity in earnings of affiliates	51,257			—			1,506			(52,763		)	—
Net income (loss) including noncontrolling interest	8,804			3,806			49,974			(52,763		)	9,821
Noncontrolling interest	—			1,017			—			—			1,017
Net income (loss) attributable to Central Garden & Pet Company	$	8,804		$	2,789		$	49,974		$	(52,763	)	$	8,804

Consolidating Condensed Statements of Comprehensive Income

	CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
	Fiscal Year Ended September 24, 2016
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries		Eliminations			Consolidated
Net income	$	44,514		$	465		$	96,331	$	(95,725	)	$	45,585
Other comprehensive income (loss):
Foreign currency translation	(1,458		)	(1,132		)	8		1,124			(1,458		)
Total comprehensive income (loss)	43,056			(667		)	96,339		(94,601		)	44,127
Comprehensive income attributable to noncontrolling interests	—			1,071			—		—			1,071
Comprehensive income attributable to Central Garden & Pet Company	$	43,056		$	(1,738	)	$	96,339	$	(94,601	)	$	43,056

	CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
	Fiscal Year Ended September 26, 2015
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	31,971		$	3,254		$	70,383		$	(72,593	)	$	33,015
Other comprehensive income:
Unrealized loss on securities	(10		)	—									(10		)
Reclassification of realized loss on securities included in net income	20			—			—			—			20
Foreign currency translation	(1,078		)	(537		)	(380		)	917			(1,078		)
Total comprehensive income	30,903			2,717			70,003			(71,676		)	31,947
Comprehensive income attributable to noncontrolling interests	—			1,044			—			—			1,044
Comprehensive income attributable to Central Garden & Pet Company	$	30,903		$	1,673		$	70,003		$	(71,676	)	$	30,903

	CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
	Fiscal Year Ended September 27, 2014
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	8,804		$	3,806		$	49,974	$	(52,763	)	$	9,821
Other comprehensive loss:
Unrealized loss on securities	(10		)	—			—		—			(10		)
Foreign currency translation	—			(200		)	—		—			(200		)
Total comprehensive income (loss)	8,794			3,606			49,974		(52,763		)	9,611
Comprehensive income attributable to noncontrolling interests	—			1,017			—		—			1,017
Comprehensive loss attributable to Central Garden & Pet Company	$	8,794		$	2,589		$	49,974	$	(52,763	)	$	8,594

Consolidating Condensed Balance Sheet

	CONSOLIDATING CONDENSED BALANCE SHEET
	September 24, 2016
	(in thousands)
	Parent		Non-Guarantor Subsidiaries			Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	82,158	$	9,695		$	1,129	$	—		$	92,982
Restricted cash	10,910		—			—		—			10,910
Accounts receivable, net	59,617		5,156			136,378		—			201,151
Inventories	113,317		11,752			236,935		—			362,004
Prepaid expenses and other assets	20,978		817			25,964		—			47,759
Total current assets	286,980		27,420			400,406		—			714,806
Land, buildings, improvements and equipment, net	41,083		3,897			113,244		—			158,224
Goodwill	15,058		—			216,327		—			231,385
Other long term assets	30,555		2,980			85,701		(11,458		)	107,778
Intercompany receivable	32,778		—			567,374		(600,152		)	—
Investment in subsidiaries	1,176,990		—			—		(1,176,990		)	—
Total	$	1,583,444	$	34,297		$	1,383,052	$	(1,788,600	)	$	1,212,193
LIABILITIES AND EQUITY
Accounts payable	$	34,096	$	3,953		$	64,364	$	—		$	102,413
Accrued expenses and other liabilities	47,862		1,410			50,071		—			99,343
Current portion of long term debt	88		—			375		—			463
Total current liabilities	82,046		5,363			114,810		—			202,219
Long-term debt	394,364		—			442		—			394,806
Intercompany payable	553,964		46,188			—		(600,152		)	—
Losses in excess of investment in subsidiaries	—		—			16,126		(16,126		)	—
Other long-term obligations	56		—			71,983		(11,458		)	60,581
Shareholders’ equity attributable to Central Garden & Pet	553,014		(18,827		)	1,179,691		(1,160,864		)	553,014
Noncontrolling interest	—		1,573			—		—			1,573
Total equity	553,014		(17,254		)	1,179,691		(1,160,864		)	554,587
Total	$	1,583,444	$	34,297		$	1,383,052	$	(1,788,600	)	$	1,212,193

	CONSOLIDATING CONDENSED BALANCE SHEET
	September 26, 2015
	(in thousands)
	Parent		Non-Guarantor Subsidiaries			Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	36,280	$	10,022		$	1,282	$	—		$	47,584
Restricted cash	13,157		—			—		—			13,157
Accounts receivable, net	46,326		6,775			154,301		—			207,402
Inventories	86,109		11,690			238,147		—			335,946
Prepaid expenses and other assets	22,926		848			25,957		—			49,731
Total current assets	204,798		29,335			419,687		—			653,820
Land, buildings, improvements and equipment, net	51,409		3,663			107,737		—			162,809
Goodwill	—		—			209,089		—			209,089
Other long term assets	25,881		3,662			82,436		(6,100		)	105,879
Intercompany receivable	32,695		—			437,385		(470,080		)	—
Investment in subsidiaries	1,075,028		—			—		(1,075,028		)	—
Total	$	1,389,811	$	36,660		$	1,256,334	$	(1,551,208	)	$	1,131,597
LIABILITIES AND EQUITY
Accounts payable	$	20,506	$	2,543		$	65,840	$	—		$	88,889
Accrued expenses and other liabilities	38,723		1,789			47,212		—			87,724
Current portion of long term debt	261		—			30		—			291
Total current liabilities	59,490		4,332			113,082		—			176,904
Long-term debt	396,626		—			65		—			396,691
Intercompany payable	426,639		43,441			—		(470,080		)	—
Losses in excess of investment in subsidiaries	—		—			11,867		(11,867		)	—
Other long-term obligations	1,770		—			55,952		(6,100		)	51,622
Shareholders’ equity attributable to Central Garden & Pet	505,286		(12,207		)	1,075,368		(1,063,161		)	505,286
Noncontrolling interest	—		1,094			—		—			1,094
Total equity	505,286		(11,113		)	1,075,368		(1,063,161		)	506,380
Total	$	1,389,811	$	36,660		$	1,256,334	$	(1,551,208	)	$	1,131,597

Consolidating Condensed Statement of Cash Flows

	CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
	Fiscal Year Ended September 24, 2016
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	3,514		$	2,654		$	150,141		$	(4,883	)	$	151,426
Additions to property, plant and equipment	(4,513		)	(717		)	(22,392		)	—			(27,622		)
Payments to acquire companies, net of expenses	(69,001		)	—			—			—			(69,001		)
Proceeds from disposal of land, buildings, etc.	—			—			3,911			—			3,911
Change in restricted cash and cash equivalents	2,247			—			—			—			2,247
Maturities of short term investments	—			—			—			—			—
Investment in short term investments	—			—			—			—			—
Other investing activities	(730		)	—			—			—			(730		)
Intercompany investing activities	(83		)	—			(130,100		)	130,183			—
Net cash used by investing activities	(72,080		)	(717		)	(148,581		)	130,183			(91,195		)
Repayments on revolving line of credit	(419,000		)	—			—			—			(419,000		)
Borrowings on revolving line of credit	419,000			—			—			—			419,000
Repayments of long-term debt	(400,286		)	—			(21		)	—			(400,307		)
Issuance of long-term debt	400,000												400,000
Proceeds from issuance of common stock	324			—			—			—			324
Excess tax benefits from stock-based awards	6,869			—			—			—			6,869
Repurchase of common stock	(10,873		)	—			—			—			(10,873		)
Payments of contingent consideration							(2,026		)				(2,026		)
Payment of deferred financing costs	(7,560		)	—			—			—			(7,560		)
Distribution to parent	—			(4,883		)	—			4,883			—
Distribution to noncontrolling interest	—			(592		)	—			—			(592		)
Intercompany financing activities	127,436			2,747			—			(130,183		)	—
Net cash provided (used) by financing activities	115,910			(2,728		)	(2,047		)	(125,300		)	(14,165		)
Effect of exchange rates on cash	(1,466		)	464			334			—			(668		)
Net increase (decrease) in cash and cash equivalents	45,878			(327		)	(153		)	—			45,398
Cash and cash equivalents at beginning of year	36,280			10,022			1,282			—			47,584
Cash and cash equivalents at end of year	$	82,158		$	9,695		$	1,129		$	—		$	92,982

	CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
	Fiscal Year Ended September 26, 2015
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash (used) provided by operating activities	$	(16,823	)	$	7,372		$	103,619		$	(6,719	)	$	87,449
Additions to property, plant and equipment	(2,721		)	(405		)	(18,904		)	—			(22,030		)
Payments to acquire companies, net of expenses	(38,384		)	—			—			—			(38,384		)
Change in restricted cash and cash equivalents	1,126			—			—			—			1,126
Maturities of short term investments	9,997			—			—			—			9,997
Investment in short term investments	(17		)	—			—			—			(17		)
Other investing activities	(546		)	—			—			—			(546		)
Intercompany investing activities	(15,789		)	—			(85,963		)	101,752			—
Net cash (used) provided by investing activities	(46,334		)	(405		)	(104,867		)	101,752			(49,854		)
Repayments on revolving line of credit	(312,000		)	—			—			—			(312,000		)
Borrowings on revolving line of credit	312,000			—			—			—			312,000
Repayments of long-term debt	(50,262		)	—			(27		)	—			(50,289		)
Proceeds from issuance of common stock	200			—			—			—			200
Excess tax benefits from stock-based awards	2,154			—			—			—			2,154
Repurchase of common stock	(18,497		)	—			—			—			(18,497		)
Payment of deferred financing costs	(258		)	—			—			—			(258		)
Distribution to parent	—			(6,719		)	—			6,719			—
Distribution to noncontrolling interest	—			(1,680		)	—			—			(1,680		)
Intercompany financing activities	103,326			(1,574		)	—			(101,752		)	—
Net cash provided (used) by financing activities	36,663			(9,973		)	(27		)	(95,033		)	(68,370		)
Effect of exchange rates on cash	(697		)	222			158			—			(317		)
Net increase (decrease) in cash and cash equivalents	(27,191		)	(2,784		)	(1,117		)	—			(31,092		)
Cash and cash equivalents at beginning of year	63,471			12,806			2,399			—			78,676
Cash and cash equivalents at end of year	$	36,280		$	10,022		$	1,282		$	—		$	47,584

	CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
	Fiscal Year Ended September 27, 2014
	(in thousands)
	Parent			Non-Guarantor Subsidiaries			Guarantor Subsidiaries			Eliminations			Consolidated
Net cash (used) provided by operating activities	$	(4,139	)	$	7,420		$	125,720		$	(2,534	)	$	126,467
Additions to property, plant and equipment	(6,721		)	(1,027		)	(9,425		)	—			(17,173		)
Businesses acquired, net of cash acquired	—			—			(20,282		)	—			(20,282		)
Proceeds from disposal of plant and equipment	—			—			8,737			—			8,737
Change in restricted cash and cash equivalents	(14,283		)	—			—			—			(14,283		)
Maturities of short term investments	17,820			—			—			—			17,820
Investment in short term investments	(10,000		)	—			—			—			(10,000		)
Intercompany investing activities	(6,726		)	—			(104,926		)	111,652			—
Net cash (used) provided by investing activities	(19,910		)	(1,027		)	(125,896		)	111,652			(35,181		)
Repayments on revolving line of credit	(301,000		)	—			—			—			(301,000		)
Borrowings on revolving line of credit	278,000			—			—			—			278,000
Repayments of long-term debt	(243		)	—			(124		)	—			(367		)
Proceeds from issuance of common stock	1,165			—			—			—			1,165
Excess tax benefits from stock-based awards	498			—			—			—			498
Repurchase of common stock	(2,332		)	—			—			—			(2,332		)
Payment of deferred financing costs	(3,090		)	—			—			—			(3,090		)
Distribution to parent	—			(2,534		)	—			2,534			—
Distribution to noncontrolling interest	—			(633		)	—			—			(633		)
Intercompany financing activities	109,057			2,595			—			(111,652		)	—
Net cash provided (used) by financing activities	82,055			(572		)	(124		)	(109,118		)	(27,759		)
Effect of exchange rates on cash	27			(18		)	(16		)	—			(7		)
Net increase (decrease) in cash and cash equivalents	58,033			5,803			(316		)	—			63,520
Cash and cash equivalents at beginning of year	5,438			7,003			2,715			—			15,156
Cash and cash equivalents at end of year	$	63,471		$	12,806		$	2,399		$	—		$	78,676