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Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 6 Months Ended
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Mar. 26, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Three Months Ended March 26, 2016 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 156,790 |  |  | $ | 30,002 |  |  | $ | 381,748 |  |  | $ | (27,291 | ) |  | $ | 541,249 |
Cost of goods sold and occupancy |  | 121,969 |  |  | 23,099 |  |  | 252,419 |  |  | (25,577 | ) |  | 371,910 |
Gross profit |  | 34,821 |  |  | 6,903 |  |  | 129,329 |  |  | (1,714 | ) |  | 169,339 |
Selling, general and administrative expenses |  | 33,210 |  |  | 5,124 |  |  | 73,316 |  |  | (1,714 | ) |  | 109,936 |
Income from operations |  | 1,611 |  |  | 1,779 |  |  | 56,013 |  |  | — |  |  | 59,403 |
Interest expense |  | (6,653 | ) |  | (68 | ) |  | (375 | ) |  | — |  |  | (7,096 | )
Interest income |  | 8 |  |  | 1 |  |  | — |  |  | — |  |  | 9 |
Other income (expense) |  | 657 |  |  | (197 | ) |  | (548 | ) |  | — |  |  | (88 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (4,377 | ) |  | 1,515 |  |  | 55,090 |  |  | — |  |  | 52,228 |
Income tax expense (benefit) |  | (775 | ) |  | 694 |  |  | 18,874 |  |  | — |  |  | 18,793 |
Equity in earnings of affiliates |  | 36,299 |  |  | — |  |  | 585 |  |  | (36,884 | ) |  | — |
Net income including noncontrolling interest |  | 32,697 |  |  | 821 |  |  | 36,801 |  |  | (36,884 | ) |  | 33,435 |
Net income attributable to noncontrolling interest |  | — |  |  | 738 |  |  | — |  |  | — |  |  | 738 |
Net income attributable to Central Garden & Pet Company |  | $ | 32,697 |  |  | $ | 83 |  |  | $ | 36,801 |  |  | $ | (36,884 | ) |  | $ | 32,697 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Three Months Ended March 28, 2015 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 150,014 |  |  | $ | 37,434 |  |  | $ | 338,994 |  |  | $ | (28,840 | ) |  | $ | 497,602 |
Cost of goods sold and occupancy |  | 113,668 |  |  | 29,545 |  |  | 231,403 |  |  | (27,076 | ) |  | 347,540 |
Gross profit |  | 36,346 |  |  | 7,889 |  |  | 107,591 |  |  | (1,764 | ) |  | 150,062 |
Selling, general and administrative expenses |  | 30,843 |  |  | 5,339 |  |  | 65,673 |  |  | (1,764 | ) |  | 100,091 |
Income from operations |  | 5,503 |  |  | 2,550 |  |  | 41,918 |  |  | — |  |  | 49,971 |
Interest expense |  | (11,815 | ) |  | (61 | ) |  | — |  |  | — |  |  | (11,876 | )
Interest income |  | 18 |  |  | — |  |  | — |  |  | — |  |  | 18 |
Other expense |  | (347 | ) |  | — |  |  | 226 |  |  | — |  |  | (121 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (6,641 | ) |  | 2,489 |  |  | 42,144 |  |  | — |  |  | 37,992 |
Income tax expense (benefit) |  | (1,123 | ) |  | 952 |  |  | 14,183 |  |  | — |  |  | 14,012 |
Equity in earnings of affiliates |  | 28,755 |  |  | — |  |  | 796 |  |  | (29,551 | ) |  | — |
Net income including noncontrolling interest |  | 23,237 |  |  | 1,537 |  |  | 28,757 |  |  | (29,551 | ) |  | 23,980 |
Net income attributable to noncontrolling interest |  | — |  |  | 743 |  |  | — |  |  | — |  |  | 743 |
Net income attributable to Central Garden & Pet Company |  | $ | 23,237 |  |  | $ | 794 |  |  | $ | 28,757 |  |  | $ | (29,551 | ) |  | $ | 23,237 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Six Months Ended March 26, 2016 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 293,817 |  |  | $ | 45,272 |  |  | $ | 603,912 |  |  | $ | (41,940 | ) |  | $ | 901,061 |
Cost of goods sold and occupancy |  | 232,228 |  |  | 36,045 |  |  | 402,908 |  |  | (39,245 | ) |  | 631,936 |
Gross profit |  | 61,589 |  |  | 9,227 |  |  | 201,004 |  |  | (2,695 | ) |  | 269,125 |
Selling, general and administrative expenses |  | 66,164 |  |  | 8,903 |  |  | 128,577 |  |  | (2,695 | ) |  | 200,949 |
Income (loss) from operations |  | (4,575 | ) |  | 324 |  |  | 72,427 |  |  | — |  |  | 68,176 |
Interest expense |  | (29,161 | ) |  | (80 | ) |  | — |  |  | — |  |  | (29,241 | )
Interest income |  | 29 |  |  | 2 |  |  | — |  |  | — |  |  | 31 |
Other expense |  | (178 | ) |  | (263 | ) |  | (120 | ) |  | — |  |  | (561 | )
Income (loss) before taxes and equity in earnings (loss) of affiliates |  | (33,885 | ) |  | (17 | ) |  | 72,307 |  |  | — |  |  | 38,405 |
Income tax expense (benefit) |  | (11,920 | ) |  | 197 |  |  | 25,316 |  |  | — |  |  | 13,593 |
Equity in earnings (loss) of affiliates |  | 46,060 |  |  | — |  |  | (177 | ) |  | (45,883 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 24,095 |  |  | (214 | ) |  | 46,814 |  |  | (45,883 | ) |  | 24,812 |
Net loss attributable to noncontrolling interest |  | — |  |  | 717 |  |  | — |  |  | — |  |  | 717 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 24,095 |  |  | $ | (931 | ) |  | $ | 46,814 |  |  | $ | (45,883 | ) |  | $ | 24,095 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Six Months Ended March 28, 2015 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 246,976 |  |  | $ | 54,757 |  |  | $ | 546,119 |  |  | $ | (42,930 | ) |  | $ | 804,922 |
Cost of goods sold and occupancy |  | 192,447 |  |  | 44,123 |  |  | 370,494 |  |  | (40,185 | ) |  | 566,879 |
Gross profit |  | 54,529 |  |  | 10,634 |  |  | 175,625 |  |  | (2,745 | ) |  | 238,043 |
Selling, general and administrative expenses |  | 58,694 |  |  | 9,338 |  |  | 121,647 |  |  | (2,745 | ) |  | 186,934 |
Income (loss) from operations |  | (4,165 | ) |  | 1,296 |  |  | 53,978 |  |  | — |  |  | 51,109 |
Interest expense |  | (22,302 | ) |  | (76 | ) |  | (1 | ) |  | — |  |  | (22,379 | )
Interest income |  | 88 |  |  | 1 |  |  | — |  |  | — |  |  | 89 |
Other income (expense) |  | (677 | ) |  | — |  |  | 188 |  |  | — |  |  | (489 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (27,056 | ) |  | 1,221 |  |  | 54,165 |  |  | — |  |  | 28,330 |
Income tax expense (benefit) |  | (9,580 | ) |  | 508 |  |  | 19,115 |  |  | — |  |  | 10,043 |
Equity in earnings of affiliates |  | 35,016 |  |  | — |  |  | 209 |  |  | (35,225 | ) |  | — |
Net income including noncontrolling interest |  | 17,540 |  |  | 713 |  |  | 35,259 |  |  | (35,225 | ) |  | 18,287 |
Net income attributable to noncontrolling interest |  | — |  |  | 747 |  |  | — |  |  | — |  |  | 747 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 17,540 |  |  | $ | (34 | ) |  | $ | 35,259 |  |  | $ | (35,225 | ) |  | $ | 17,540 |
Consolidating Condensed Statements of Comprehensive Income (Loss) |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended March 26, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 32,697 |  |  | $ | 821 |  |  | $ | 36,801 |  |  | $ | (36,884 | ) |  | $ | 33,435 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Unrealized loss on securities |  | — |  |  | — |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (459 | ) |  | (398 | ) |  | 57 |  |  | 341 |  |  | (459 | )
Total comprehensive income |  | 32,238 |  |  | 423 |  |  | 36,858 |  |  | (36,543 | ) |  | 32,976 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 738 |  |  | — |  |  | — |  |  | 738 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 32,238 |  |  | $ | (315 | ) |  | $ | 36,858 |  |  | $ | (36,543 | ) |  | $ | 32,238 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended March 28, 2015
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 23,237 |  |  | $ | 1,537 |  |  | $ | 28,757 |  |  | $ | (29,551 | ) |  | $ | 23,980 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Unrealized loss on securities |  | (20 | ) |  | — |  |  | — |  |  | — |  |  | (20 | )
Reclassification of realized loss on securities included in net income |  | 20 |  |  | — |  |  | — |  |  | — |  |  | 20 |
Foreign currency translation |  | (626 | ) |  | (355 | ) |  | (164 | ) |  | 519 |  |  | (626 | )
Total comprehensive income |  | 22,611 |  |  | 1,182 |  |  | 28,593 |  |  | (29,032 | ) |  | 23,354 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 743 |  |  | — |  |  | — |  |  | 743 |
Comprehensive income attributable to Central Garden & Pet Company |  | $ | 22,611 |  |  | $ | 439 |  |  | $ | 28,593 |  |  | $ | (29,032 | ) |  | $ | 22,611 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Six Months Ended March 26, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 24,095 |  |  | $ | (214 | ) |  | $ | 46,814 |  |  | $ | (45,883 | ) |  | $ | 24,812 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (692 | ) |  | (540 | ) |  | 7 |  |  | 533 |  |  | (692 | )
Total comprehensive income (loss) |  | 23,403 |  |  | (754 | ) |  | 46,821 |  |  | (45,350 | ) |  | 24,120 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 717 |  |  | — |  |  | — |  |  | 717 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 23,403 |  |  | $ | (1,471 | ) |  | $ | 46,821 |  |  | $ | (45,350 | ) |  | $ | 23,403 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Six Months Ended March 28, 2015
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 17,540 |  |  | $ | 713 |  |  | $ | 35,259 |  |  | $ | (35,225 | ) |  | $ | 18,287 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Unrealized loss on securities |  | (10 | ) |  | — |  |  | — |  |  | — |  |  | (10 | )
Reclassification of realized loss on securities included in net income |  | 20 |  |  | — |  |  | — |  |  | — |  |  | 20 |
Foreign currency translation |  | (1,178 | ) |  | (700 | ) |  | (268 | ) |  | 968 |  |  | (1,178 | )
Total comprehensive income |  | 16,372 |  |  | 13 |  |  | 34,991 |  |  | (34,257 | ) |  | 17,119 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 747 |  |  | — |  |  | — |  |  | 747 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 16,372 |  |  | $ | (734 | ) |  | $ | 34,991 |  |  | $ | (34,257 | ) |  | $ | 16,372 |
Consolidating Condensed Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | March 26, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,820 |  |  | $ | 5,083 |  |  | $ | 2,923 |  |  | $ | — |  |  | $ | 9,826 |
Restricted cash |  | 11,946 |  |  | — |  |  | — |  |  | — |  |  | 11,946 |
Accounts receivable, net |  | 100,346 |  |  | 15,446 |  |  | 224,734 |  |  | — |  |  | 340,526 |
Inventories |  | 115,644 |  |  | 17,043 |  |  | 258,067 |  |  | — |  |  | 390,754 |
Prepaid expenses and other |  | 23,003 |  |  | 797 |  |  | 26,958 |  |  | — |  |  | 50,758 |
Total current assets |  | 252,759 |  |  | 38,369 |  |  | 512,682 |  |  | — |  |  | 803,810 |
Land, buildings, improvements and equipment, net |  | 47,310 |  |  | 3,829 |  |  | 113,655 |  |  | — |  |  | 164,794 |
Goodwill |  | — |  |  | — |  |  | 213,753 |  |  | — |  |  | 213,753 |
Other long-term assets |  | 54,088 |  |  | 3,417 |  |  | 84,777 |  |  | (1,540 | ) |  | 140,742 |
Intercompany receivable |  | 41,922 |  |  | — |  |  | 367,931 |  |  | (409,853 | ) |  | — |
Investment in subsidiaries |  | 1,098,281 |  |  | — |  |  | — |  |  | (1,098,281 | ) |  | — |
Total |  | $ | 1,494,360 |  |  | $ | 45,615 |  |  | $ | 1,292,798 |  |  | $ | (1,509,674 | ) |  | $ | 1,323,099 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 48,693 |  |  | $ | 10,546 |  |  | $ | 73,972 |  |  | $ | — |  |  | $ | 133,211 |
Accrued expenses |  | 52,837 |  |  | 2,029 |  |  | 42,816 |  |  | — |  |  | 97,682 |
Current portion of long-term debt |  | 219 |  |  | — |  |  | 375 |  |  | — |  |  | 594 |
Total current liabilities |  | 101,749 |  |  | 12,575 |  |  | 117,163 |  |  | — |  |  | 231,487 |
Long-term debt |  | 496,001 |  |  | — |  |  | 395 |  |  | — |  |  | 496,396 |
Intercompany payable |  | 359,472 |  |  | 50,381 |  |  | — |  |  | (409,853 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 16,928 |  |  | (16,928 | ) |  | — |
Other long-term obligations |  | 5,416 |  |  | — |  |  | 58,398 |  |  | (1,540 | ) |  | 62,274 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 531,722 |  |  | (18,561 | ) |  | 1,099,914 |  |  | (1,081,353 | ) |  | 531,722 |
Noncontrolling interest |  | — |  |  | 1,220 |  |  | — |  |  | — |  |  | 1,220 |
Total equity (deficit) |  | 531,722 |  |  | (17,341 | ) |  | 1,099,914 |  |  | (1,081,353 | ) |  | 532,942 |
Total |  | $ | 1,494,360 |  |  | $ | 45,615 |  |  | $ | 1,292,798 |  |  | $ | (1,509,674 | ) |  | $ | 1,323,099 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | March 28, 2015
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6,159 |  |  | $ | 4,309 |  |  | $ | 1,475 |  |  | $ | — |  |  | $ | 11,943 |
Restricted cash |  | 12,583 |  |  | — |  |  | — |  |  | — |  |  | 12,583 |
Short term investments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Accounts receivable, net |  | 86,569 |  |  | 17,099 |  |  | 218,097 |  |  | — |  |  | 321,765 |
Inventories |  | 95,564 |  |  | 19,429 |  |  | 267,335 |  |  | — |  |  | 382,328 |
Prepaid expenses and other |  | 26,013 |  |  | 901 |  |  | 31,337 |  |  | — |  |  | 58,251 |
Total current assets |  | 226,888 |  |  | 41,738 |  |  | 518,244 |  |  | — |  |  | 786,870 |
Land, buildings, improvements and equipment, net |  | 57,093 |  |  | 3,590 |  |  | 102,524 |  |  | — |  |  | 163,207 |
Goodwill |  | — |  |  | — |  |  | 209,089 |  |  | — |  |  | 209,089 |
Other long-term assets |  | 30,376 |  |  | 3,999 |  |  | 81,263 |  |  | (5,607 | ) |  | 110,031 |
Intercompany receivable |  | 44,855 |  |  | — |  |  | 293,685 |  |  | (338,540 | ) |  | — |
Investment in subsidiaries |  | 1,017,461 |  |  | — |  |  | — |  |  | (1,017,461 | ) |  | — |
Total |  | $ | 1,376,673 |  |  | $ | 49,327 |  |  | $ | 1,204,805 |  |  | $ | (1,361,608 | ) |  | $ | 1,269,197 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 47,277 |  |  | $ | 10,169 |  |  | $ | 82,375 |  |  | $ | — |  |  | $ | 139,821 |
Accrued expenses |  | 39,061 |  |  | 2,857 |  |  | 41,524 |  |  | — |  |  | 83,442 |
Current portion of long-term debt |  | 259 |  |  | — |  |  | 30 |  |  | — |  |  | 289 |
Total current liabilities |  | 86,597 |  |  | 13,026 |  |  | 123,929 |  |  | — |  |  | 223,552 |
Long-term debt |  | 511,030 |  |  | — |  |  | 83 |  |  | — |  |  | 511,113 |
Intercompany payable |  | 288,423 |  |  | 50,117 |  |  | — |  |  | (338,540 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 14,104 |  |  | (14,104 | ) |  | — |
Other long-term obligations |  | 1,437 |  |  | — |  |  | 48,719 |  |  | (5,607 | ) |  | 44,549 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 489,186 |  |  | (14,613 | ) |  | 1,017,970 |  |  | (1,003,357 | ) |  | 489,186 |
Noncontrolling interest |  | — |  |  | 797 |  |  | — |  |  | — |  |  | 797 |
Total equity (deficit) |  | 489,186 |  |  | (13,816 | ) |  | 1,017,970 |  |  | (1,003,357 | ) |  | 489,983 |
Total |  | $ | 1,376,673 |  |  | $ | 49,327 |  |  | $ | 1,204,805 |  |  | $ | (1,361,608 | ) |  | $ | 1,269,197 |
|  | 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 |  |  | — |  |  | 415,001 |  |  | (447,696 | ) |  | — |
Investment in subsidiaries |  | 1,052,644 |  |  | — |  |  | — |  |  | (1,052,644 | ) |  | — |
Total |  | $ | 1,367,427 |  |  | $ | 36,660 |  |  | $ | 1,233,950 |  |  | $ | (1,506,440 | ) |  | $ | 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 |  | 404,255 |  |  | 43,441 |  |  | — |  |  | (447,696 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 11,867 |  |  | (11,867 | ) |  | — |
Other long-term obligations |  | 1,770 |  |  | — |  |  | 55,952 |  |  | (6,100 | ) |  | 51,622 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 505,286 |  |  | (12,207 | ) |  | 1,052,984 |  |  | (1,040,777 | ) |  | 505,286 |
Noncontrolling interest |  | — |  |  | 1,094 |  |  | — |  |  | — |  |  | 1,094 |
Total equity (deficit) |  | 505,286 |  |  | (11,113 | ) |  | 1,052,984 |  |  | (1,040,777 | ) |  | 506,380 |
Total |  | $ | 1,367,427 |  |  | $ | 36,660 |  |  | $ | 1,233,950 |  |  | $ | (1,506,440 | ) |  | $ | 1,131,597 |
Consolidating Condensed Statement of Cash Flows |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Six Months Ended March 26, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | (12,121 | ) |  | $ | (6,240 | ) |  | $ | (27,598 | ) |  | $ | (4,884 | ) |  | $ | (50,843 | )
Additions to property, plant and equipment |  | (2,394 | ) |  | (412 | ) |  | (9,989 | ) |  | — |  |  | (12,795 | )
Payments to acquire companies, net of cash acquired |  | (60,916 | ) |  | — |  |  | (7,985 | ) |  | — |  |  | (68,901 | )
Change in restricted cash and cash equivalents |  | 1,211 |  |  | — |  |  | — |  |  | — |  |  | 1,211 |
Other investing activities |  | (500 | ) |  | — |  |  | — |  |  | — |  |  | (500 | )
Intercompany investing activities |  | (9,227 | ) |  | — |  |  | 47,070 |  |  | (37,843 | ) |  | — |
Net cash (used) provided by investing activities |  | (71,826 | ) |  | (412 | ) |  | 29,096 |  |  | (37,843 | ) |  | (80,985 | )
Repayments on revolving line of credit |  | (178,000 | ) |  | — |  |  | — |  |  | — |  |  | (178,000 | )
Borrowings on revolving line of credit |  | 280,000 |  |  | — |  |  | — |  |  | — |  |  | 280,000 |
Repayments of long-term debt |  | (400,130 | ) |  | — |  |  | (15 | ) |  | — |  |  | (400,145 | )
Issuance of long-term debt |  | 400,000 |  |  | — |  |  | — |  |  | — |  |  | 400,000 |
Excess tax benefits from stock-based awards |  | 1,181 |  |  | — |  |  | — |  |  | — |  |  | 1,181 |
Repurchase of common stock |  | (1,722 | ) |  | — |  |  | — |  |  | — |  |  | (1,722 | )
Distribution to parent |  | — |  |  | (4,884 | ) |  | — |  |  | 4,884 |  |  | — |
Distribution to noncontrolling interest |  | — |  |  | (592 | ) |  | — |  |  | — |  |  | (592 | )
Payment of financing costs |  | (6,362 | ) |  | — |  |  | — |  |  | — |  |  | (6,362 | )
Intercompany financing activities |  | (44,782 | ) |  | 6,939 |  |  | — |  |  | 37,843 |  |  | — |
Net cash provided (used) by financing activities |  | 50,185 |  |  | 1,463 |  |  | (15 | ) |  | 42,727 |  |  | 94,360 |
Effect of exchange rates on cash |  | (698 | ) |  | 250 |  |  | 158 |  |  | — |  |  | (290 | )
Net (decrease) increase in cash and cash equivalents |  | (34,460 | ) |  | (4,939 | ) |  | 1,641 |  |  | — |  |  | (37,758 | )
Cash and cash equivalents at beginning of period |  | 36,280 |  |  | 10,022 |  |  | 1,282 |  |  | — |  |  | 47,584 |
Cash and cash equivalents at end of period |  | $ | 1,820 |  |  | $ | 5,083 |  |  | $ | 2,923 |  |  | $ | — |  |  | $ | 9,826 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Six Months Ended March 28, 2015
|  | (in thousands)
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | (36,828 | ) |  | $ | (5,623 | ) |  | $ | (49,351 | ) |  | $ | (6,719 | ) |  | $ | (98,521 | )
Additions to property, plant and equipment |  | (1,359 | ) |  | (154 | ) |  | (9,512 | ) |  | — |  |  | (11,025 | )
Payments to acquire companies, net of cash acquired |  | (16,000 | ) |  | — |  |  | — |  |  | — |  |  | (16,000 | )
Proceeds from short-term investments |  | 9,997 |  |  | — |  |  | — |  |  | — |  |  | 9,997 |
Change in restricted cash and cash equivalents |  | 1,700 |  |  | — |  |  | — |  |  | — |  |  | 1,700 |
Investment in short-term investments |  | (17 | ) |  | — |  |  | — |  |  | — |  |  | (17 | )
Other investing activities |  | (331 | ) |  | — |  |  | — |  |  | — |  |  | (331 | )
Intercompany investing activities |  | (27,949 | ) |  | — |  |  | 57,738 |  |  | (29,789 | ) |  | — |
Net cash (used) provided by investing activities |  | (33,959 | ) |  | (154 | ) |  | 48,226 |  |  | (29,789 | ) |  | (15,676 | )
Repayments of long-term debt |  | (50,131 | ) |  | — |  |  | (10 | ) |  | — |  |  | (50,141 | )
Borrowings under revolving line of credit |  | 186,000 |  |  | — |  |  | — |  |  | — |  |  | 186,000 |
Repayments on revolving line of credit |  | (71,000 | ) |  | — |  |  | — |  |  | — |  |  | (71,000 | )
Proceeds from issuance of common stock |  | 1,220 |  |  | — |  |  | — |  |  | — |  |  | 1,220 |
Excess tax benefits from stock-based awards |  | 351 |  |  | — |  |  | — |  |  | — |  |  | 351 |
Repurchase of common stock |  | (17,164 | ) |  | — |  |  | — |  |  | — |  |  | (17,164 | )
Distribution to parent |  | — |  |  | (6,719 | ) |  | — |  |  | 6,719 |  |  | — |
Distribution to noncontrolling interest |  | — |  |  | (1,680 | ) |  | — |  |  | — |  |  | (1,680 | )
Intercompany financing activities |  | (34,891 | ) |  | 5,102 |  |  | — |  |  | 29,789 |  |  | — |
Net cash provided (used) by financing activities |  | 14,385 |  |  | (3,297 | ) |  | (10 | ) |  | 36,508 |  |  | 47,586 |
Effect of exchange rates on cash |  | (910 | ) |  | 577 |  |  | 211 |  |  | — |  |  | (122 | )
Net increase decrease in cash and cash equivalents |  | (57,312 | ) |  | (8,497 | ) |  | (924 | ) |  | — |  |  | (66,733 | )
Cash and cash equivalents at beginning of year |  | 63,471 |  |  | 12,806 |  |  | 2,399 |  |  | — |  |  | 78,676 |
Cash and cash equivalents at end of year |  | $ | 6,159 |  |  | $ | 4,309 |  |  | $ | 1,475 |  |  | $ | — |  |  | $ | 11,943 |

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