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Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 3 Months Ended
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Dec. 27, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statement of Operations Based on Company's Understanding of SEC's Interpretation |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS Three Months Ended December 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net sales |  | $ | 96,962 |  |  | $ | 17,323 |  |  | $ | 207,125 |  |  | $ | (14,090 | ) |  | $ | 307,320 |
Cost of goods sold and occupancy |  |  | 78,779 |  |  |  | 14,578 |  |  |  | 139,091 |  |  |  | (13,109 | ) |  |  | 219,339 |
Gross profit |  |  | 18,183 |  |  |  | 2,745 |  |  |  | 68,034 |  |  |  | (981 | ) |  |  | 87,981 |
Selling, general and administrative expenses |  |  | 27,851 |  |  |  | 3,999 |  |  |  | 55,974 |  |  |  | (981 | ) |  |  | 86,843 |
Income (loss) from operations |  |  | (9,668 | ) |  |  | (1,254 | ) |  |  | 12,060 |  |  |  | 0 |  |  |  | 1,138 |
Interest expense |  |  | (10,487 | ) |  |  | (15 | ) |  |  | (1 | ) |  |  | 0 |  |  |  | (10,503 | )
Interest income |  |  | 70 |  |  |  | 1 |  |  |  | 0 |  |  |  | 0 |  |  |  | 71 |
Other expense |  |  | (330 | ) |  |  | 0 |  |  |  | (38 | ) |  |  | 0 |  |  |  | (368 | )
Income (loss) before taxes and equity in earnings (loss) of affiliates |  |  | (20,415 | ) |  |  | (1,268 | ) |  |  | 12,021 |  |  |  | 0 |  |  |  | (9,662 | )
Income tax expense (benefit) |  |  | (8,457 | ) |  |  | (444 | ) |  |  | 4,932 |  |  |  | 0 |  |  |  | (3,969 | )
Equity in earnings (loss) of affiliates |  |  | 6,261 |  |  |  | 0 |  |  |  | (587 | ) |  |  | (5,674 | ) |  |  | 0 |
Net income (loss) including noncontrolling interest |  |  | (5,697 | ) |  |  | (824 | ) |  |  | 6,502 |  |  |  | (5,674 | ) |  |  | (5,693 | )
Net income attributable to noncontrolling interest |  |  | 0 |  |  |  | 4 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | (5,697 | ) |  | $ | (828 | ) |  | $ | 6,502 |  |  | $ | (5,674 | ) |  | $ | (5,697 | )
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS Three Months Ended December 28, 2013 (As Revised) (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net sales |  | $ | 86,233 |  |  | $ | 13,386 |  |  | $ | 203,022 |  |  | $ | (12,120 | ) |  | $ | 290,521 |
Cost of goods sold and occupancy |  |  | 68,491 |  |  |  | 11,009 |  |  |  | 142,502 |  |  |  | (11,222 | ) |  |  | 210,780 |
Gross profit |  |  | 17,742 |  |  |  | 2,377 |  |  |  | 60,520 |  |  |  | (898 | ) |  |  | 79,741 |
Selling, general and administrative expenses |  |  | 25,856 |  |  |  | 3,417 |  |  |  | 59,721 |  |  |  | (898 | ) |  |  | 88,096 |
Income (loss) from operations |  |  | (8,114 | ) |  |  | (1,040 | ) |  |  | 799 |  |  |  | 0 |  |  |  | (8,355 | )
Interest expense |  |  | (12,190 | ) |  |  | (7 | ) |  |  | (20 | ) |  |  | 0 |  |  |  | (12,217 | )
Interest income |  |  | 12 |  |  |  | 1 |  |  |  | 0 |  |  |  | 0 |  |  |  | 13 |
Other expense |  |  | (43 | ) |  |  | 0 |  |  |  | (125 | ) |  |  | 0 |  |  |  | (168 | )
Income (loss) before taxes and equity in loss of affiliates |  |  | (20,335 | ) |  |  | (1,046 | ) |  |  | 654 |  |  |  | 0 |  |  |  | (20,727 | )
Income tax expense (benefit) |  |  | (7,807 | ) |  |  | (315 | ) |  |  | 207 |  |  |  | 0 |  |  |  | (7,915 | )
Equity in loss of affiliates |  |  | (180 | ) |  |  | 0 |  |  |  | (300 | ) |  |  | 480 |  |  |  | 0 |
Net income (loss) including noncontrolling interest |  |  | (12,708 | ) |  |  | (731 | ) |  |  | 147 |  |  |  | 480 |  |  |  | (12,812 | )
Net loss attributable to noncontrolling interest |  |  | 0 |  |  |  | (104 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (104 | )
Net income (loss) attributable to Central Garden & Pet Company |  | $ | (12,708 | ) |  | $ | (627 | ) |  | $ | 147 |  |  | $ | 480 |  |  | $ | (12,708 | )
Consolidating Condensed Statements of Comprehensive Income (Loss) Based on Company's Understanding of SEC's Interpretation |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three Months Ended December 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net income (loss) |  | $ | (5,697 | ) |  | $ | (824 | ) |  | $ | 6,502 |  |  | $ | (5,674 | ) |  | $ | (5,693 | )
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  |  | (552 | ) |  |  | (345 | ) |  |  | (104 | ) |  |  | 449 |  |  |  | (552 | )
Unrealized loss on securities |  |  | (10 | ) |  |  | (0 | ) |  |  | (0 | ) |  |  | (0 | ) |  |  | (10 | )
Total comprehensive income (loss) |  |  | (6,259 | ) |  |  | (1,169 | ) |  |  | 6,398 |  |  |  | (5,225 | ) |  |  | (6,255 | )
Comprehensive income attributable to noncontrolling interests |  |  | 0 |  |  |  | 4 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | (6,259 | ) |  | $ | (1,173 | ) |  | $ | 6,398 |  |  | $ | (5,225 | ) |  | $ | (6,259 | )
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three Months Ended December 28, 2013 (As Revised) (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net income (loss) |  | $ | (12,708 | ) |  | $ | (731 | ) |  | $ | 147 |  |  | $ | 480 |  |  | $ | (12,812 | )
Other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  |  | 0 |  |  |  | 85 |  |  |  | 0 |  |  |  | 0 |  |  |  | 85 |
Total comprehensive income (loss) |  |  | (12,708 | ) |  |  | (646 | ) |  |  | 147 |  |  |  | 480 |  |  |  | (12,727 | )
Comprehensive loss attributable to noncontrolling interests |  |  | 0 |  |  |  | (104 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (104 | )
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | (12,708 | ) |  | $ | (542 | ) |  | $ | 147 |  |  | $ | 480 |  |  | $ | (12,623 | )
Consolidating Condensed Balance Sheet Based on Company's Understanding of SEC's Interpretation |
|  | CONSOLIDATING CONDENSED BALANCE SHEET December 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 71,579 |  |  | $ | 5,505 |  |  | $ | 2,504 |  |  | $ | 0 |  |  | $ | 79,588 |
Restricted cash |  |  | 19,690 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 19,690 |
Short term investments |  |  | 9,992 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 9,992 |
Accounts receivable, net |  |  | 38,580 |  |  |  | 7,573 |  |  |  | 96,724 |  |  |  | 0 |  |  |  | 142,877 |
Inventories |  |  | 101,870 |  |  |  | 22,481 |  |  |  | 275,585 |  |  |  | 0 |  |  |  | 399,936 |
Prepaid expenses and other |  |  | 33,095 |  |  |  | 962 |  |  |  | 30,223 |  |  |  | 0 |  |  |  | 64,280 |
Total current assets |  |  | 274,806 |  |  |  | 36,521 |  |  |  | 405,036 |  |  |  | 0 |  |  |  | 716,363 |
Land, buildings, improvements and equipment, net |  |  | 59,829 |  |  |  | 3,607 |  |  |  | 100,110 |  |  |  | 0 |  |  |  | 163,546 |
Goodwill |  |  | 0 |  |  |  | 0 |  |  |  | 208,233 |  |  |  | 0 |  |  |  | 208,233 |
Other long term assets |  |  | 21,809 |  |  |  | 4,121 |  |  |  | 83,088 |  |  |  | (8,197 | ) |  |  | 100,821 |
Intercompany receivable |  |  | 37,337 |  |  |  | 0 |  |  |  | 378,847 |  |  |  | (416,184 | ) |  |  | 0 |
Investment in subsidiaries |  |  | 989,226 |  |  |  | 0 |  |  |  | 0 |  |  |  | (989,226 | ) |  |  | 0 |
Total |  | $ | 1,383,007 |  |  | $ | 44,249 |  |  | $ | 1,175,314 |  |  | $ | (1,413,607 | ) |  | $ | 1,188,963 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 39,847 |  |  | $ | 10,077 |  |  | $ | 78,561 |  |  | $ | 0 |  |  | $ | 128,485 |
Accrued expenses |  |  | 47,888 |  |  |  | 1,751 |  |  |  | 43,569 |  |  |  | 0 |  |  |  | 93,208 |
Current portion of long-term debt |  |  | 50,259 |  |  |  | 0 |  |  |  | 30 |  |  |  | 0 |  |  |  | 50,289 |
Total current liabilities |  |  | 137,994 |  |  |  | 11,828 |  |  |  | 122,160 |  |  |  | 0 |  |  |  | 271,982 |
Long-term debt |  |  | 399,826 |  |  |  | 0 |  |  |  | 87 |  |  |  | 0 |  |  |  | 399,913 |
Intercompany payable |  |  | 368,765 |  |  |  | 47,419 |  |  |  | 0 |  |  |  | (416,184 | ) |  |  | 0 |
Losses in excess of investment in subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 14,900 |  |  |  | (14,900 | ) |  |  | 0 |
Other long-term obligations |  |  | 1,620 |  |  |  | 0 |  |  |  | 48,789 |  |  |  | (8,197 | ) |  |  | 42,212 |
Central Garden & Pet shareholders’ equity |  |  | 474,802 |  |  |  | (15,052 | ) |  |  | 989,378 |  |  |  | (974,326 | ) |  |  | 474,802 |
Noncontrolling interest |  |  | 0 |  |  |  | 54 |  |  |  | 0 |  |  |  | 0 |  |  |  | 54 |
Total equity |  |  | 474,802 |  |  |  | (14,998 | ) |  |  | 989,378 |  |  |  | (974,326 | ) |  |  | 474,856 |
Total |  | $ | 1,383,007 |  |  | $ | 44,249 |  |  | $ | 1,175,314 |  |  | $ | (1,413,607 | ) |  | $ | 1,188,963 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET December 28, 2013 (As Revised) (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 8,862 |  |  | $ | 4,280 |  |  | $ | 3,569 |  |  | $ | 0 |  |  | $ | 16,711 |
Restricted cash |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Short term investments |  |  | 14,220 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 14,220 |
Accounts receivable, net |  |  | 36,241 |  |  |  | 5,984 |  |  |  | 100,880 |  |  |  | 0 |  |  |  | 143,105 |
Inventories |  |  | 110,337 |  |  |  | 26,567 |  |  |  | 290,535 |  |  |  | 0 |  |  |  | 427,439 |
Prepaid expenses and other |  |  | 33,814 |  |  |  | 953 |  |  |  | 34,333 |  |  |  | 0 |  |  |  | 69,100 |
Total current assets |  |  | 203,474 |  |  |  | 37,784 |  |  |  | 429,317 |  |  |  | 0 |  |  |  | 670,575 |
Land, buildings, improvements and equipment, net |  |  | 74,595 |  |  |  | 2,395 |  |  |  | 110,148 |  |  |  | 0 |  |  |  | 187,138 |
Goodwill |  |  | 0 |  |  |  | 0 |  |  |  | 205,756 |  |  |  | 0 |  |  |  | 205,756 |
Other long term assets |  |  | 23,907 |  |  |  | 3,737 |  |  |  | 73,532 |  |  |  | (8,677 | ) |  |  | 92,499 |
Intercompany receivable |  |  | 15,840 |  |  |  | 0 |  |  |  | 283,318 |  |  |  | (299,158 | ) |  |  | 0 |
Investment in subsidiaries |  |  | 932,224 |  |  |  | 0 |  |  |  | 0 |  |  |  | (932,224 | ) |  |  | 0 |
Total |  | $ | 1,250,040 |  |  | $ | 43,916 |  |  | $ | 1,102,071 |  |  | $ | (1,240,059 | ) |  | $ | 1,155,968 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 43,748 |  |  | $ | 7,152 |  |  | $ | 69,648 |  |  | $ | 0 |  |  | $ | 120,548 |
Accrued expenses |  |  | 43,137 |  |  |  | 1,483 |  |  |  | 43,892 |  |  |  | 0 |  |  |  | 88,512 |
Current portion of long-term debt |  |  | 39 |  |  |  | 0 |  |  |  | 34 |  |  |  | 0 |  |  |  | 73 |
Total current liabilities |  |  | 86,924 |  |  |  | 8,635 |  |  |  | 113,574 |  |  |  | 0 |  |  |  | 209,133 |
Long-term debt |  |  | 449,444 |  |  |  | 0 |  |  |  | 21 |  |  |  | 0 |  |  |  | 449,465 |
Intercompany payable |  |  | 254,043 |  |  |  | 45,115 |  |  |  |  |  |  |  | (299,158 | ) |  |  |  |
Losses in excess of investment in subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 9,399 |  |  |  | (9,399 | ) |  |  | 0 |
Other long-term obligations |  |  | 1,735 |  |  |  | 0 |  |  |  | 45,809 |  |  |  | (8,677 | ) |  |  | 38,867 |
Central Garden & Pet shareholders’ equity |  |  | 457,894 |  |  |  | (10,443 | ) |  |  | 933,268 |  |  |  | (922,825 | ) |  |  | 457,894 |
Noncontrolling interest |  |  | 0 |  |  |  | 609 |  |  |  | 0 |  |  |  | 0 |  |  |  | 609 |
Total equity |  |  | 457,894 |  |  |  | (9,834 | ) |  |  | 933,268 |  |  |  | (922,825 | ) |  |  | 458,503 |
Total |  | $ | 1,250,040 |  |  | $ | 43,916 |  |  | $ | 1,102,071 |  |  | $ | (1,240,059 | ) |  | $ | 1,155,968 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET September 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 63,471 |  |  | $ | 12,806 |  |  | $ | 2,399 |  |  | $ | 0 |  |  | $ | 78,676 |
Restricted cash |  |  | 14,283 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 14,283 |
Short term investments |  |  | 9,990 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 9,990 |
Accounts receivable, net |  |  | 41,235 |  |  |  | 8,268 |  |  |  | 144,226 |  |  |  | 0 |  |  |  | 193,729 |
Inventories |  |  | 79,199 |  |  |  | 15,210 |  |  |  | 231,977 |  |  |  | 0 |  |  |  | 326,386 |
Prepaid expenses and other |  |  | 26,092 |  |  |  | 816 |  |  |  | 21,580 |  |  |  | 0 |  |  |  | 48,488 |
Total current assets |  |  | 234,270 |  |  |  | 37,100 |  |  |  | 400,182 |  |  |  | 0 |  |  |  | 671,552 |
Land, buildings, improvements and equipment, net |  |  | 63,059 |  |  |  | 3,649 |  |  |  | 100,141 |  |  |  | 0 |  |  |  | 166,849 |
Goodwill |  |  | 0 |  |  |  | 0 |  |  |  | 208,233 |  |  |  | 0 |  |  |  | 208,233 |
Other long term assets |  |  | 25,230 |  |  |  | 4,244 |  |  |  | 83,713 |  |  |  | (11,094 | ) |  |  | 102,093 |
Intercompany receivable |  |  | 16,906 |  |  |  | 0 |  |  |  | 351,423 |  |  |  | (368,329 | ) |  |  | 0 |
Investment in subsidiaries |  |  | 983,413 |  |  |  | 0 |  |  |  | 0 |  |  |  | (983,413 | ) |  |  | 0 |
Total |  | $ | 1,322,878 |  |  | $ | 44,993 |  |  | $ | 1,143,692 |  |  | $ | (1,362,836 | ) |  | $ | 1,148,727 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 28,937 |  |  | $ | 3,542 |  |  | $ | 55,949 |  |  | $ | 0 |  |  | $ | 88,428 |
Accrued expenses |  |  | 34,151 |  |  |  | 1,868 |  |  |  | 48,360 |  |  |  | 0 |  |  |  | 84,379 |
Current portion of long term debt |  |  | 261 |  |  |  | 0 |  |  |  | 30 |  |  |  | 0 |  |  |  | 291 |
Total current liabilities |  |  | 63,349 |  |  |  | 5,410 |  |  |  | 104,339 |  |  |  | 0 |  |  |  | 173,098 |
Long-term debt |  |  | 449,855 |  |  |  | 0 |  |  |  | 93 |  |  |  | 0 |  |  |  | 449,948 |
Intercompany payable |  |  | 323,314 |  |  |  | 45,015 |  |  |  | 0 |  |  |  | (368,329 | ) |  |  | 0 |
Losses in excess of investment in subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 7,594 |  |  |  | (7,594 | ) |  |  | 0 |
Other long-term obligations |  |  | 1,636 |  |  |  | 0 |  |  |  | 48,686 |  |  |  | (11,094 | ) |  |  | 39,228 |
Central Garden & Pet shareholders’ equity |  |  | 484,724 |  |  |  | (7,162 | ) |  |  | 982,980 |  |  |  | (975,819 | ) |  |  | 484,723 |
Noncontrolling interest |  |  | 0 |  |  |  | 1,730 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,730 |
Total equity |  |  | 484,724 |  |  |  | (5,432 | ) |  |  | 982,980 |  |  |  | (975,819 | ) |  |  | 486,453 |
Total |  | $ | 1,322,878 |  |  | $ | 44,993 |  |  | $ | 1,143,692 |  |  | $ | (1,362,836 | ) |  | $ | 1,148,727 |
Consolidating Condensed Statement of Cash Flows Based on Company's Understanding of SEC's Interpretation |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS Three Months Ended December 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net cash (used) provided by operating activities |  | $ | (6,874 | ) |  | $ | (1,400 | ) |  | $ | 30,845 |  |  | $ | (6,719 | ) |  | $ | 15,852 |
Additions to property, plant and equipment |  |  | (589 | ) |  |  | (64 | ) |  |  | (3,416 | ) |  |  | 0 |  |  |  | (4,069 | )
Businesses acquired, net of cash acquired |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Proceeds from disposal of plant and equipment |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Change in restricted cash and cash equivalents |  |  | (5,407 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (5,407 | )
Maturities of short term investments |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Investment in short term investments |  |  | (12 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (12 | )
Intercompany investing activities |  |  | (20,431 | ) |  |  | 0 |  |  |  | (27,423 | ) |  |  | 47,854 |  |  |  | 0 |
Net cash (used) provided by investing activities |  |  | (26,439 | ) |  |  | (64 | ) |  |  | (30,839 | ) |  |  | 47,854 |  |  |  | (9,488 | )
Repayments on revolving line of credit |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Borrowings on revolving line of credit |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Repayments of long-term debt |  |  | (67 | ) |  |  | 0 |  |  |  | (5 | ) |  |  | 0 |  |  |  | (72 | )
Proceeds from issuance of common stock |  |  | 188 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 188 |
Excess tax benefits from stock-based awards |  |  | 40 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 40 |
Repurchase of common stock |  |  | (3,742 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (3,742 | )
Payment of deferred financing costs |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Distribution to parent |  |  | 0 |  |  |  | (6,719 | ) |  |  | 0 |  |  |  | 6,719 |  |  |  | 0 |
Distribution to noncontrolling interest |  |  | 0 |  |  |  | (1,680 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (1,680 | )
Intercompany financing activities |  |  | 45,450 |  |  |  | 2,404 |  |  |  | 0 |  |  |  | (47,854 | ) |  |  | 0 |
Net cash provided (used) by financing activities |  |  | 41,869 |  |  |  | (5,995 | ) |  |  | (5 | ) |  |  | (41,135 | ) |  |  | (5,266 | )
Effect of exchange rates on cash |  |  | (448 | ) |  |  | 158 |  |  |  | 104 |  |  |  | 0 |  |  |  | (186 | )
Net increase (decrease) in cash and cash equivalents |  |  | 8,108 |  |  |  | (7,301 | ) |  |  | 105 |  |  |  | 0 |  |  |  | 912 |
Cash and cash equivalents at beginning of year |  |  | 63,471 |  |  |  | 12,806 |  |  |  | 2,399 |  |  |  | 0 |  |  |  | 78,676 |
Cash and cash equivalents at end of year |  | $ | 71,579 |  |  | $ | 5,505 |  |  | $ | 2,504 |  |  | $ | 0 |  |  | $ | 79,588 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS Three Months Ended December 28, 2013 (As Revised) (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net cash (used) provided by operating activities |  | $ | (7,093 | ) |  | $ | (1,954 | ) |  | $ | 41,590 |  |  | $ | (2,534 | ) |  | $ | 30,009 |
Additions to property, plant and equipment |  |  | (1,351 | ) |  |  | (200 | ) |  |  | (3,826 | ) |  |  | 0 |  |  |  | (5,377 | )
Businesses acquired, net of cash acquired |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Proceeds from disposal of plant and equipment |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Change in restricted cash and cash equivalents |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Maturities of short term investments |  |  | 3,600 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,600 |
Investment in short term investments |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Intercompany investing activities |  |  | (5,660 | ) |  |  | 0 |  |  |  | (36,821 | ) |  |  | 42,481 |  |  |  | 0 |
Net cash (used) provided by investing activities |  |  | (3,411 | ) |  |  | (200 | ) |  |  | (40,647 | ) |  |  | 42,481 |  |  |  | (1,777 | )
Repayments on revolving line of credit |  |  | (68,000 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (68,000 | )
Borrowings on revolving line of credit |  |  | 45,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 45,000 |
Repayments of long-term debt |  |  | (39 | ) |  |  | 0 |  |  |  | (37 | ) |  |  | 0 |  |  |  | (76 | )
Proceeds from issuance of common stock |  |  | 200 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 200 |
Excess tax benefits from stock-based awards |  |  | 171 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 171 |
Repurchase of common stock |  |  | (401 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (401 | )
Payment of deferred financing costs |  |  | (2,985 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (2,985 | )
Distribution to parent |  |  | 0 |  |  |  | (2,534 | ) |  |  | 0 |  |  |  | 2,534 |  |  |  | 0 |
Distribution to noncontrolling interest |  |  | 0 |  |  |  | (633 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (633 | )
Intercompany financing activities |  |  | 39,785 |  |  |  | 2,696 |  |  |  | 0 |  |  |  | (42,481 | ) |  |  | 0 |
Net cash provided (used) by financing activities |  |  | 13,731 |  |  |  | (471 | ) |  |  | (37 | ) |  |  | (39,947 | ) |  |  | (26,724 | )
Effect of exchange rates on cash |  |  | 197 |  |  |  | (98 | ) |  |  | (52 | ) |  |  | 0 |  |  |  | 47 |
Net increase (decrease) in cash and cash equivalents |  |  | 3,424 |  |  |  | (2,723 | ) |  |  | 854 |  |  |  | 0 |  |  |  | 1,555 |
Cash and cash equivalents at beginning of year |  |  | 5,438 |  |  |  | 7,003 |  |  |  | 2,715 |  |  |  | 0 |  |  |  | 15,156 |
Cash and cash equivalents at end of year |  | $ | 8,862 |  |  | $ | 4,280 |  |  | $ | 3,569 |  |  | $ | 0 |  |  | $ | 16,711 |
Schedule of Error Corrections for Consolidating Condensed Financial Statements to Present Results for Non-Guarantor Subsidiaries | The Company assessed the materiality of these items on previously issued financial statements in accordance with SEC Staff Accounting Bulletins No. 99 and No. 108, and concluded that the revisions were not material to the Consolidating Condensed Financial Statements. The impact of these revisions is shown in the following tables:
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS Three Months Ended December 28, 2013 |
|  | As previously reported |  |  | Adjustments |  |  | As revised |
Parent |  | $ | (8,783 | ) |  | $ | 669 |  |  | $ | (8,114 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (1,040 | ) |  |  | (1,040 | )
Guarantor subsidiaries |  |  | 428 |  |  |  | 371 |  |  |  | 799 |
Eliminations |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Income (loss) from operations |  |  | (8,355 | ) |  |  | 0 |  |  |  | (8,355 | )
Parent |  |  | (12,708 | ) |  |  | 0 |  |  |  | (12,708 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (627 | ) |  |  | (627 | )
Guarantor subsidiaries |  |  | (108 | ) |  |  | 255 |  |  |  | 147 |
Eliminations |  |  | 108 |  |  |  | 372 |  |  |  | 480 |
Net loss attributable to Central Garden & Pet Company |  | $ | (12,708 | ) |  | $ | 0 |  |  | $ | (12,708 | )
|  | CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME Three Months Ended December 28, 2013 |
|  | As previously reported |  |  | Adjustments |  |  | As revised |
Parent |  | $ | (12,704 | ) |  | $ | (4 | ) |  | $ | (12,708 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (731 | ) |  |  | (731 | )
Guarantor subsidiaries |  |  | (108 | ) |  |  | 255 |  |  |  | 147 |
Eliminations |  |  | 0 |  |  |  | 480 |  |  |  | 480 |
Net loss |  |  | (12,812 | ) |  |  | 0 |  |  |  | (12,812 | )
Parent |  |  | (12,619 | ) |  |  | (89 | ) |  |  | (12,708 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (646 | ) |  |  | (646 | )
Guarantor subsidiaries |  |  | (108 | ) |  |  | 255 |  |  |  | 147 |
Eliminations |  |  | 0 |  |  |  | 480 |  |  |  | 480 |
Total comprehensive loss |  |  | (12,727 | ) |  |  | 0 |  |  |  | (12,727 | )
Parent |  |  | (12,515 | ) |  |  | (193 | ) |  |  | (12,708 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (542 | ) |  |  | (542 | )
Guarantor subsidiaries |  |  | (108 | ) |  |  | 255 |  |  |  | 147 |
Eliminations |  |  | 0 |  |  |  | 480 |  |  |  | 480 |
Comprehensive loss Central Garden & Pet Company |  | $ | (12,623 | ) |  | $ | 0 |  |  | $ | (12,623 | )
|  | CONSOLIDATING CONDENSED BALANCE SHEET Three Months Ended December 28, 2013 |
|  | As previously reported |  |  | Adjustments |  |  | As revised |
Parent |  | $ | 243,083 |  |  | $ | (39,609 | ) |  | $ | 203,474 |
Non-guarantor subsidiaries |  |  | 0 |  |  |  | 37,784 |  |  |  | 37,784 |
Guarantor subsidiaries |  |  | 432,234 |  |  |  | (2,917 | ) |  |  | 429,317 |
Eliminations |  |  | (4,742 | ) |  |  | 4,742 |  |  |  | 0 |
Current assets |  |  | 670,575 |  |  |  | 0 |  |  |  | 670,575 |
Parent |  |  | 1,035,812 |  |  |  | 214,228 |  |  |  | 1,250,040 |
Non-guarantor subsidiaries |  |  | 0 |  |  |  | 43,916 |  |  |  | 43,916 |
Guarantor subsidiaries |  |  | 782,817 |  |  |  | 319,254 |  |  |  | 1,102,071 |
Eliminations |  |  | (662,661 | ) |  |  | (577,398 | ) |  |  | (1,240,059 | )
Total assets |  | $ | 1,155,968 |  |  | $ | 0 |  |  | $ | 1,155,968 |
Parent |  | $ | 95,493 |  |  | $ | (8,569 | ) |  | $ | 86,924 |
Non-guarantor subsidiaries |  |  | 0 |  |  |  | 8,635 |  |  |  | 8,635 |
Guarantor subsidiaries |  |  | 118,382 |  |  |  | (4,808 | ) |  |  | 113,574 |
Eliminations |  |  | (4,742 | ) |  |  | 4,742 |  |  |  | 0 |
Current liabilities |  |  | 209,133 |  |  |  | 0 |  |  |  | 209,133 |
Parent |  |  | 458,503 |  |  |  | (609 | ) |  |  | 457,894 |
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (9,834 | ) |  |  | (9,834 | )
Guarantor subsidiaries |  |  | 657,919 |  |  |  | 275,349 |  |  |  | 933,268 |
Eliminations |  |  | (657,919 | ) |  |  | (264,906 | ) |  |  | (922,825 | )
Total stockholders’ equity |  | $ | 458,503 |  |  | $ | 0 |  |  | $ | 458,503 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS Three Months Ended December 28, 2013 |
|  | As previously reported |  |  | Adjustments |  |  | As revised |
Parent |  | $ | (10,458 | ) |  | $ | 3,365 |  |  | $ | (7,093 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (1,954 | ) |  |  | (1,954 | )
Guarantor subsidiaries |  |  | 40,359 |  |  |  | 1,231 |  |  |  | 41,590 |
Eliminations |  |  | 108 |  |  |  | (2,642 | ) |  |  | (2,534 | )
Net cash provided by (used in) operating activities |  |  | 30,009 |  |  |  | 0 |  |  |  | 30,009 |
Parent |  |  | 37,747 |  |  |  | (41,158 | ) |  |  | (3,411 | )
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (200 | ) |  |  | (200 | )
Guarantor subsidiaries |  |  | (39,416 | ) |  |  | (1,231 | ) |  |  | (40,647 | )
Eliminations |  |  | (108 | ) |  |  | 42,589 |  |  |  | 42,481 |
Net cash provided by (used in) investing activities |  |  | (1,777 | ) |  |  | 0 |  |  |  | (1,777 | )
Parent |  |  | (26,687 | ) |  |  | 40,418 |  |  |  | 13,731 |
Non-guarantor subsidiaries |  |  | 0 |  |  |  | (471 | ) |  |  | (471 | )
Guarantor subsidiaries |  |  | (37 | ) |  |  | (0 | ) |  |  | (37 | )
Eliminations |  |  | 0 |  |  |  | (39,947 | ) |  |  | (39,947 | )
Net cash provided by (used in) financing activities |  | $ | (26,724 | ) |  | $ | 0 |  |  | $ | (26,724 | )

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