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Quarterly Financial Data - Unaudited | 12 Months Ended
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Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data - Unaudited | Quarterly Financial Data – Unaudited
| Fiscal 2017 |  |
| 1 st Quarter |  | 2 nd Quarter |  | 3 rd Quarter |  | 4 th Quarter |  |
| (in thousands, except per share amounts) |  |
Net sales | $ | 419,498 |  |  | $ | 569,924 |  |  | $ | 574,592 |  |  | $ | 490,464 |  |  |
Gross profit | 120,678 |  |  | 183,529 |  |  | 183,273 |  |  | 145,328 |  |  |
Net income attributable to Central Garden & Pet Company | 7,637 |  | (1 | ) | 34,684 |  |  | 32,248 |  |  | 4,259 |  |  |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.15 |  |  | $ | 0.69 |  |  | $ | 0.64 |  |  | $ | 0.08 |  |  |
Diluted | $ | 0.15 |  |  | $ | 0.67 |  |  | $ | 0.62 |  |  | $ | 0.08 |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Basic | 49,665 |  |  | 50,079 |  |  | 50,507 |  |  | 50,654 |  |  |
Diluted | 51,810 |  |  | 51,983 |  |  | 51,825 |  |  | 51,935 |  |  |
(1) The Company recognized a $2.0 million gain in its Garden segment from the sale of a distribution facility during the first quarter of fiscal 2017.
| Fiscal 2016 |  |
| 1 st Quarter |  | 2 nd Quarter |  | 3 rd Quarter |  | 4 th Quarter |  |
| (in thousands, except per share amounts) |  |
Net sales | $ | 359,812 |  |  | $ | 541,249 |  |  | $ | 514,544 |  |  | $ | 413,412 |  |  |
Gross profit | 99,786 |  |  | 169,339 |  |  | 163,745 |  |  | 120,180 |  |  |
Net income (loss) attributable to Central Garden & Pet Company | (8,602 | ) | (1 | ) | 32,697 |  |  | 26,030 |  | (2 | ) | (5,611 | ) |  | (3)
Net income (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.18 | ) |  | $ | 0.67 |  |  | $ | 0.53 |  |  | $ | (0.11 | ) |  |
Diluted | $ | (0.18 | ) |  | $ | 0.65 |  |  | $ | 0.51 |  |  | $ | (0.11 | ) |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Basic | 48,566 |  |  | 48,717 |  |  | 49,120 |  |  | 49,453 |  |  |
Diluted | 48,566 |  |  | 50,445 |  |  | 51,063 |  |  | 49,453 |  |  |
(1) | During the first quarter of fiscal 2016, the Company redeemed its 2018 Notes and issued senior notes due November 2023. As a result of the bond redemption, the Company incurred incremental expenses of $14.3 million, comprised of a call premium payment of $8.3 million, a $2.7 million payment of overlapping interest expense for 30 days and a $3.3 million non-cash charge for the write off of unamortized deferred financing costs and discount related to the 2018 Notes.
(2) | The Company recognized a $2.4 million gain in its Pet segment from the sale of a manufacturing plant resulting from rationalizing its facilities to reduce excess capacity during the third quarter of fiscal 2016.
(3) | The Company recognized a non-cash impairment charge of $16.6 million related to its investment in two joint ventures as a result of changes in marketplace conditions, and a non-cash impairment charge in its Pet segment of $1.8 million related to the impairment of certain indefinite-lived intangible assets due to declining sales volume during the fourth quarter of fiscal 2016.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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