XML 40 R24.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Business Segment Data | 12 Months Ended
--- | ---
Sep. 24, 2016
Segment Reporting [Abstract] |
Business Segment Data | Business Segment Data The Company’s chief operating decision-maker is its Chief Executive Officer. Operating segments are managed separately because each segment represents a strategic business that offers different products or services. The Company’s chief operating decision maker evaluates performance based on operating income or loss. The Company’s Corporate division is included in the following presentation since certain expenses of this division are not allocated separately to the two operating segments. Segment assets exclude cash equivalents, short-term investments, goodwill, and deferred taxes. 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. The Pet segment consists of DMC, Four Paws Products, TFH Publications, Kaytee, Aquatics, Interpet, IMS, Pets International, Breeder’s Choice and Life Sciences. These businesses are engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food principally to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores. The Garden segment consists of Pennington Seed, Hydro Organics, AMBRANDS, Lilly Miller, the Pottery Group and Gulfstream. Products manufactured, designed and sourced, or distributed are products found typically in the lawn and garden sections of mass merchandisers, warehouse-type clubs, home improvement centers and nurseries and include grass seed, bird feed, clay pottery, outdoor wooden planters and trellises, herbicides and insecticides. These products are sold directly to national and regional retail chains, independent garden distributors, grocery stores, nurseries and garden supply retailers. The Corporate division includes expenses associated with corporate functions and projects, certain employee benefits, interest income, interest expense and intersegment eliminations. The following table indicates each class of similar products which represented approximately 10% or more of the Company’s consolidated net sales in the fiscal years presented (in millions).
Category | 2016 |  | 2015 |  | 2014 |
Other pet products | $ | 689.3 |  |  | $ | 594.7 |  |  | $ | 774.2 |  |
Garden controls and fertilizer products | 298.8 |  |  | 286.3 |  |  | 262.5 |  |
Wild bird feed | 183.6 |  |  | 193.2 |  |  | 202.1 |  |
Grass seed | (1) |  |  | (1) |  |  | 183.1 |  |
Other garden supplies | 331.3 |  |  | 343.5 |  |  | 182.5 |  |
Dog and cat products | 326.0 |  |  | 233.0 |  |  | (1) |  |
Total | $ | 1,829.0 |  |  | $ | 1,650.7 |  |  | $ | 1,604.4 |  |
(1) The product category was less than 10% of our consolidated net sales in the respective period. See Note 4 - Concentration of Credit Risk and Significant Customers and Suppliers for the Company’s largest customers by segment. Financial information relating to the Company’s business segments for each of the three most recent fiscal years is presented in the table below (in thousands):
| Fiscal Year Ended |
| September 24, 2016 |  | September 26, 2015 |  | September 27, 2014 |
Net sales: |  |  |  |  |  |
Pet segment | $ | 1,081,853 |  |  | $ | 894,549 |  |  | $ | 845,505 |  |
Garden segment | 747,164 |  |  | 756,188 |  |  | 758,852 |  |
Total | $ | 1,829,017 |  |  | $ | 1,650,737 |  |  | $ | 1,604,357 |  |
Operating income (loss): |  |  |  |  |  |
Pet segment | $ | 119,930 |  | (1) | $ | 98,798 |  | (1) | $ | 88,077 |  |
Garden segment | 70,317 |  |  | 60,145 |  |  | 41,020 |  | (2)
Corporate | (60,889 | ) |  | (67,508 | ) |  | (72,884 | ) |
Total | 129,358 |  |  | 91,435 |  |  | 56,213 |  |
Interest expense | (42,847 | ) |  | (40,027 | ) |  | (42,844 | ) |
Interest income | 140 |  |  | 129 |  |  | 94 |  |
Other income (expense) | (17,013 | ) | (3) | 13 |  |  | 403 |  |
Income (loss) before income taxes and noncontrolling interest | 69,638 |  |  | 51,550 |  |  | 13,866 |  |
Income tax expense (benefit) | 24,053 |  |  | 18,535 |  |  | 4,045 |  |
Net income (loss) including noncontrolling interest | 45,585 |  |  | 33,015 |  |  | 9,821 |  |
Net income attributable to noncontrolling interest | 1,071 |  |  | 1,044 |  |  | 1,017 |  |
Net income (loss) attributable to Central Garden & Pet Company | $ | 44,514 |  |  | $ | 31,971 |  |  | $ | 8,804 |  |
Assets: |  |  |  |  |  |
Pet segment | $ | 508,879 |  |  | $ | 465,171 |  |  | $ | 414,279 |  |
Garden segment | 304,901 |  |  | 310,981 |  |  | 337,461 |  |
Corporate and eliminations | 398,413 |  |  | 355,445 |  |  | 396,987 |  |
Total | $ | 1,212,193 |  |  | $ | 1,131,597 |  |  | $ | 1,148,727 |  |
Depreciation and amortization: |  |  |  |  |  |
Pet segment | $ | 22,556 |  |  | $ | 15,885 |  |  | $ | 17,256 |  |
Garden segment | 6,098 |  |  | 5,988 |  |  | 6,793 |  |
Corporate | 11,347 |  |  | 11,830 |  |  | 11,732 |  |
Total | $ | 40,001 |  |  | $ | 33,703 |  |  | $ | 35,781 |  |
Expenditures for long-lived assets: |  |  |  |  |  |
Pet segment | $ | 18,939 |  |  | $ | 17,060 |  |  | $ | 8,561 |  |
Garden segment | 4,750 |  |  | 2,432 |  |  | 5,541 |  |
Corporate | 3,933 |  |  | 2,538 |  |  | 3,071 |  |
Total | $ | 27,622 |  |  | $ | 22,030 |  |  | $ | 17,173 |  |
___________________________ Noncontrolling interest is associated with the Garden segment.
(1) | Includes a $1.8 million impairment charge in fiscal 2016 and a $7.3 million impairment charge in fiscal 2015 to indefinite-lived intangible assets as a result of increased competition and declining sales volume.
(2) | Includes a $16.9 million charge related to certain products introduced in fiscal 2013 and a $4.9 million gain from the sale of manufacturing plant assets.
(3) | Includes a $16.6 million impairment charge related to two equity method investments.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration