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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Financial Information | The following tables present financial information for the Company’s reportable segments for the periods indicated:
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
Net Sales: |  |  |  |  |
U.S. Consumer | $ | 2,928.8 |  |  | $ | 3,197.7 |  |  | $ | 2,883.5 |
Hawthorne | 716.2 |  |  | 1,424.2 |  |  | 1,023.1 |
Other | 279.1 |  |  | 303.1 |  |  | 225.0 |
Consolidated | $ | 3,924.1 |  |  | $ | 4,925.0 |  |  | $ | 4,131.6 |
Segment Profit (Loss): |  |  |  |  |
U.S. Consumer | $ | 568.6 |  |  | $ | 726.7 |  |  | $ | 694.3 |
Hawthorne | (21.1) |  |  | 163.8 |  |  | 111.9 |
Other | 20.2 |  |  | 42.1 |  |  | 11.7 |
Total Segment Profit | 567.7 |  |  | 932.6 |  |  | 817.9 |
Corporate | (112.4) |  |  | (149.7) |  |  | (183.4) |
Intangible asset amortization | (37.1) |  |  | (30.9) |  |  | (32.5) |
Impairment, restructuring and other | (852.2) |  |  | (29.0) |  |  | (16.8) |
Equity in income (loss) of unconsolidated affiliates | (12.9) |  |  | 14.4 |  |  | — |
Costs related to refinancing | — |  |  | — |  |  | (15.1) |
Interest expense | (118.1) |  |  | (78.9) |  |  | (79.6) |
Other non-operating income, net | 6.9 |  |  | 18.6 |  |  | 20.1 |
Income (loss) from continuing operations before income taxes | $ | (558.1) |  |  | $ | 677.1 |  |  | $ | 510.6 |
Depreciation and amortization: |  |  |  |  |
U.S. Consumer | $ | 55.8 |  |  | $ | 48.6 |  |  | $ | 48.0 |
Hawthorne | 34.8 |  |  | 30.3 |  |  | 31.7 |
Other | 7.0 |  |  | 7.0 |  |  | 7.5 |
Corporate | 7.6 |  |  | 7.9 |  |  | 7.5 |
| $ | 105.2 |  |  | $ | 93.8 |  |  | $ | 94.7 |
Capital expenditures: |  |  |  |  |
U.S. Consumer | $ | 97.4 |  |  | $ | 78.3 |  |  | $ | 52.3 |
Hawthorne | 12.4 |  |  | 25.0 |  |  | 7.8 |
Other | 3.7 |  |  | 3.6 |  |  | 2.6 |
| $ | 113.5 |  |  | $ | 106.9 |  |  | $ | 62.7 |
| September 30,
| 2022 |  | 2021
Total assets: |  |  |
U.S. Consumer | $ | 2,454.4 |  |  | $ | 2,333.1 |
Hawthorne | 1,061.5 |  |  | 1,442.8 |
Other | 197.1 |  |  | 209.6 |
Corporate | 583.8 |  |  | 814.5 |
Consolidated | $ | 4,296.8 |  |  | $ | 4,800.0 |
Net sales by product category | The following table presents net sales by product category for the periods indicated:
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
U.S. Consumer: |  |  |  |  |
Growing media and mulch | $ | 1,192.6 |  |  | $ | 1,286.7 |  |  | $ | 1,164.0 |
Lawn care | 973.6 |  |  | 1,060.6 |  |  | 943.3 |
Controls | 382.2 |  |  | 402.4 |  |  | 383.7 |
Roundup® marketing agreement | 132.3 |  |  | 145.2 |  |  | 132.7 |
Other, primarily gardening | 248.1 |  |  | 302.8 |  |  | 259.8 |
Hawthorne: |  |  |  |  |
Lighting | 200.0 |  |  | 452.4 |  |  | 328.7 |
Nutrients | 148.0 |  |  | 324.7 |  |  | 250.1 |
Growing environment | 143.7 |  |  | 264.0 |  |  | 154.2 |
Growing media | 119.0 |  |  | 192.6 |  |  | 148.9 |
Other, primarily hardware | 105.5 |  |  | 190.5 |  |  | 141.2 |
Other: |  |  |  |  |
Growing media | 96.6 |  |  | 116.7 |  |  | 90.6 |
Lawn care | 92.9 |  |  | 99.2 |  |  | 73.7 |
Other, primarily gardening and controls | 89.6 |  |  | 87.2 |  |  | 60.7 |
Total net sales | $ | 3,924.1 |  |  | $ | 4,925.0 |  |  | $ | 4,131.6 |
Percentages of Largest Customers Consolidated Net Sales | The Company’s two largest customers accounted for the following percentages of net sales for the fiscal years ended September 30:
| Percentage of Net Sales
| 2022 |  | 2021 |  | 2020
Home Depot | 28 | % |  | 24 | % |  | 26 | %
Lowe’s | 15 | % |  | 15 | % |  | 18 | %
Net Sales and Long-lived Assets by Geographic Area | The following table presents net sales by geographic area for the periods indicated:
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |
United States | $ | 3,554.6 |  |  | $ | 4,507.0 |  |  | $ | 3,773.4 |
International | 369.5 |  |  | 418.0 |  |  | 358.2 |
| $ | 3,924.1 |  |  | $ | 4,925.0 |  |  | $ | 4,131.6 |
The following table presents long-lived assets (property, plant and equipment and finite-lived intangibles) by geographic area:
| September 30,
| 2022 |  | 2021
Long-lived assets: |  |  |
United States | $ | 753.3 |  |  | $ | 868.8 |
International | 109.0 |  |  | 139.1 |
| $ | 862.3 |  |  | $ | 1,007.9 |

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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