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Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 6 Months Ended
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Mar. 25, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Three Months Ended March 25, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 190,791 |  |  | $ | 26,092 |  |  | $ | 378,673 |  |  | $ | (25,632 | ) |  | $ | 569,924 |
Cost of goods sold and occupancy |  | 145,593 |  |  | 20,128 |  |  | 244,680 |  |  | (24,006 | ) |  | 386,395 |
Gross profit |  | 45,198 |  |  | 5,964 |  |  | 133,993 |  |  | (1,626 | ) |  | 183,529 |
Selling, general and administrative expenses |  | 39,347 |  |  | 4,874 |  |  | 77,074 |  |  | (1,626 | ) |  | 119,669 |
Operating income |  | 5,851 |  |  | 1,090 |  |  | 56,919 |  |  | — |  |  | 63,860 |
Interest expense |  | (6,759 | ) |  | (65 | ) |  | (6 | ) |  | — |  |  | (6,830 | )
Interest income |  | 7 |  |  | 1 |  |  | — |  |  | — |  |  | 8 |
Other income (expense) |  | (737 | ) |  | (194 | ) |  | (34 | ) |  | — |  |  | (965 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (1,638 | ) |  | 832 |  |  | 56,879 |  |  | — |  |  | 56,073 |
Income tax expense (benefit) |  | (718 | ) |  | 448 |  |  | 21,094 |  |  | — |  |  | 20,824 |
Equity in earnings of affiliates |  | 35,604 |  |  | — |  |  | 384 |  |  | (35,988 | ) |  | — |
Net income including noncontrolling interest |  | 34,684 |  |  | 384 |  |  | 36,169 |  |  | (35,988 | ) |  | 35,249 |
Net income attributable to noncontrolling interest |  | — |  |  | 565 |  |  | — |  |  | — |  |  | 565 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 34,684 |  |  | $ | (181 | ) |  | $ | 36,169 |  |  | $ | (35,988 | ) |  | $ | 34,684 |
|  | 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 |
Operating income |  | 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 |  |
|  | Six Months Ended March 25, 2017 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 346,309 |  |  | $ | 40,116 |  |  | $ | 645,111 |  |  | $ | (42,114 | ) |  | $ | 989,422 |
Cost of goods sold and occupancy |  | 266,729 |  |  | 31,806 |  |  | 426,120 |  |  | (39,440 | ) |  | 685,215 |
Gross profit |  | 79,580 |  |  | 8,310 |  |  | 218,991 |  |  | (2,674 | ) |  | 304,207 |
Selling, general and administrative expenses |  | 75,312 |  |  | 8,538 |  |  | 139,233 |  |  | (2,674 | ) |  | 220,409 |
Operating income |  | 4,268 |  |  | (228 | ) |  | 79,758 |  |  | — |  |  | 83,798 |
Interest expense |  | (13,610 | ) |  | (82 | ) |  | (11 | ) |  | — |  |  | (13,703 | )
Interest income |  | 45 |  |  | 1 |  |  | — |  |  | — |  |  | 46 |
Other expense |  | (1,340 | ) |  | (387 | ) |  | (205 | ) |  | — |  |  | (1,932 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (10,637 | ) |  | (696 | ) |  | 79,542 |  |  | — |  |  | 68,209 |
Income tax expense (benefit) |  | (3,910 | ) |  | 37 |  |  | 29,044 |  |  | — |  |  | 25,171 |
Equity in earnings (loss) of affiliates |  | 49,048 |  |  | — |  |  | (427 | ) |  | (48,621 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 42,321 |  |  | (733 | ) |  | 50,071 |  |  | (48,621 | ) |  | 43,038 |
Net income attributable to noncontrolling interest |  | — |  |  | 717 |  |  | — |  |  | — |  |  | 717 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 42,321 |  |  | $ | (1,450 | ) |  | $ | 50,071 |  |  | $ | (48,621 | ) |  | $ | 42,321 |
|  | 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 |
Operating income (loss) |  | (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 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 income 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 Statements of Comprehensive Income (Loss) |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended March 25, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 34,684 |  |  | $ | 384 |  |  | $ | 36,169 |  |  | $ | (35,988 | ) |  | $ | 35,249 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | 144 |  |  | 95 |  |  | 20 |  |  | (115 | ) |  | 144 |
Total comprehensive income |  | 34,828 |  |  | 479 |  |  | 36,189 |  |  | (36,103 | ) |  | 35,393 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 565 |  |  | — |  |  | — |  |  | 565 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 34,828 |  |  | $ | (86 | ) |  | $ | 36,189 |  |  | $ | (36,103 | ) |  | $ | 34,828 |
|  | 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 (loss) |  | $ | 32,697 |  |  | $ | 821 |  |  | $ | 36,801 |  |  | $ | (36,884 | ) |  | $ | 33,435 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (459 | ) |  | (398 | ) |  | 57 |  |  | 341 |  |  | (459 | )
Total comprehensive income |  | 32,238 |  |  | 423 |  |  | 36,858 |  |  | (36,543 | ) |  | 32,976 |
Comprehensive loss 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
|  | Six Months Ended March 25, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 42,321 |  |  | $ | (733 | ) |  | $ | 50,071 |  |  | $ | (48,621 | ) |  | $ | 43,038 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (364 | ) |  | (260 | ) |  | (30 | ) |  | 290 |  |  | (364 | )
Total comprehensive income (loss) |  | 41,957 |  |  | (993 | ) |  | 50,041 |  |  | (48,331 | ) |  | 42,674 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 717 |  |  | — |  |  | — |  |  | 717 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 41,957 |  |  | $ | (1,710 | ) |  | $ | 50,041 |  |  | $ | (48,331 | ) |  | $ | 41,957 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | 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 Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | March 25, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 492 |  |  | $ | 4,764 |  |  | $ | 913 |  |  | $ | — |  |  | $ | 6,169 |
Restricted cash |  | 10,988 |  |  | — |  |  | — |  |  | — |  |  | 10,988 |
Accounts receivable, net |  | 113,600 |  |  | 14,366 |  |  | 215,236 |  |  | — |  |  | 343,202 |
Inventories |  | 138,493 |  |  | 16,901 |  |  | 270,991 |  |  | — |  |  | 426,385 |
Prepaid expenses and other |  | 21,933 |  |  | 830 |  |  | 31,311 |  |  | — |  |  | 54,074 |
Total current assets |  | 285,506 |  |  | 36,861 |  |  | 518,451 |  |  | — |  |  | 840,818 |
Land, buildings, improvements and equipment, net |  | 38,932 |  |  | 4,045 |  |  | 132,963 |  |  | — |  |  | 175,940 |
Goodwill |  | 15,058 |  |  | — |  |  | 215,327 |  |  | — |  |  | 230,385 |
Other long-term assets |  | 26,472 |  |  | 3,364 |  |  | 127,924 |  |  | (5,975 | ) |  | 151,785 |
Intercompany receivable |  | 44,957 |  |  | — |  |  | 511,319 |  |  | (556,276 | ) |  | — |
Investment in subsidiaries |  | 1,287,126 |  |  | — |  |  | — |  |  | (1,287,126 | ) |  | — |
Total |  | $ | 1,698,051 |  |  | $ | 44,270 |  |  | $ | 1,505,984 |  |  | $ | (1,849,377 | ) |  | $ | 1,398,928 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 51,357 |  |  | $ | 11,199 |  |  | $ | 79,235 |  |  | $ | — |  |  | $ | 141,791 |
Accrued expenses |  | 53,301 |  |  | 2,131 |  |  | 45,989 |  |  | — |  |  | 101,421 |
Current portion of long-term debt |  | — |  |  | — |  |  | 374 |  |  | — |  |  | 374 |
Total current liabilities |  | 104,658 |  |  | 13,330 |  |  | 125,598 |  |  | — |  |  | 243,586 |
Long-term debt |  | 495,762 |  |  | — |  |  | 108 |  |  | — |  |  | 495,870 |
Intercompany payable |  | 501,993 |  |  | 54,283 |  |  |  |  |  | (556,276 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 20,629 |  |  | (20,629 | ) |  | — |
Other long-term obligations |  | 2,418 |  |  | — |  |  | 68,538 |  |  | (5,975 | ) |  | 64,981 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 593,220 |  |  | (24,614 | ) |  | 1,291,111 |  |  | (1,266,497 | ) |  | 593,220 |
Noncontrolling interest |  | — |  |  | 1,271 |  |  | — |  |  | — |  |  | 1,271 |
Total equity (deficit) |  | 593,220 |  |  | (23,343 | ) |  | 1,291,111 |  |  | (1,266,497 | ) |  | 594,491 |
Total |  | $ | 1,698,051 |  |  | $ | 44,270 |  |  | $ | 1,505,984 |  |  | $ | (1,849,377 | ) |  | $ | 1,398,928 |
|  | 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
|  | September 24, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 82,158 |  |  | $ | 9,695 |  |  | $ | 1,129 |  |  | $ | — |  |  | $ | 92,982 |
Restricted cash |  | 10,910 |  |  | — |  |  | — |  |  | — |  |  | 10,910 |
Accounts receivable, net |  | 59,617 |  |  | 5,156 |  |  | 136,378 |  |  | — |  |  | 201,151 |
Inventories |  | 113,317 |  |  | 11,752 |  |  | 236,935 |  |  | — |  |  | 362,004 |
Prepaid expenses and other assets |  | 20,978 |  |  | 817 |  |  | 25,964 |  |  | — |  |  | 47,759 |
Total current assets |  | 286,980 |  |  | 27,420 |  |  | 400,406 |  |  | — |  |  | 714,806 |
Land, buildings, improvements and equipment, net |  | 41,083 |  |  | 3,897 |  |  | 113,244 |  |  | — |  |  | 158,224 |
Goodwill |  | 15,058 |  |  | — |  |  | 216,327 |  |  | — |  |  | 231,385 |
Other long-term assets |  | 30,555 |  |  | 2,980 |  |  | 85,701 |  |  | (11,458 | ) |  | 107,778 |
Intercompany receivable |  | 32,778 |  |  | — |  |  | 567,374 |  |  | (600,152 | ) |  | — |
Investment in subsidiaries |  | 1,176,990 |  |  | — |  |  | — |  |  | (1,176,990 | ) |  | — |
Total |  | $ | 1,583,444 |  |  | $ | 34,297 |  |  | $ | 1,383,052 |  |  | $ | (1,788,600 | ) |  | $ | 1,212,193 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 34,096 |  |  | $ | 3,953 |  |  | $ | 64,364 |  |  | $ | — |  |  | $ | 102,413 |
Accrued expenses and other liabilities |  | 47,862 |  |  | 1,410 |  |  | 50,071 |  |  | — |  |  | 99,343 |
Current portion of long term debt |  | 88 |  |  | — |  |  | 375 |  |  | — |  |  | 463 |
Total current liabilities |  | 82,046 |  |  | 5,363 |  |  | 114,810 |  |  | — |  |  | 202,219 |
Long-term debt |  | 394,364 |  |  | — |  |  | 442 |  |  | — |  |  | 394,806 |
Intercompany payable |  | 553,964 |  |  | 46,188 |  |  | — |  |  | (600,152 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 16,126 |  |  | (16,126 | ) |  | — |
Other long-term obligations |  | 56 |  |  | — |  |  | 71,983 |  |  | (11,458 | ) |  | 60,581 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 553,014 |  |  | (18,827 | ) |  | 1,179,691 |  |  | (1,160,864 | ) |  | 553,014 |
Noncontrolling interest |  | — |  |  | 1,573 |  |  | — |  |  | — |  |  | 1,573 |
Total equity (deficit) |  | 553,014 |  |  | (17,254 | ) |  | 1,179,691 |  |  | (1,160,864 | ) |  | 554,587 |
Total |  | $ | 1,583,444 |  |  | $ | 34,297 |  |  | $ | 1,383,052 |  |  | $ | (1,788,600 | ) |  | $ | 1,212,193 |
Consolidating Condensed Statement of Cash Flows |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Six Months Ended March 25, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | (43,383 | ) |  | $ | (7,352 | ) |  | $ | (41,431 | ) |  | $ | (4,076 | ) |  | $ | (96,242 | )
Additions to property, plant and equipment |  | (4,357 | ) |  | (413 | ) |  | (22,024 | ) |  | — |  |  | (26,794 | )
Payments to acquire companies, net of cash acquired |  | (60,042 | ) |  | — |  |  | — |  |  | — |  |  | (60,042 | )
Proceeds from sale of business, facility and other assets |  | 2 |  |  | — |  |  | 8,266 |  |  | — |  |  | 8,268 |
Change in restricted cash and cash equivalents |  | (78 | ) |  | — |  |  | — |  |  | — |  |  | (78 | )
Investment in equity method investee |  | (2,000 | ) |  | — |  |  |  |  | — |  |  | (2,000 | )
Other investing activities |  | (1,395 | ) |  | — |  |  | — |  |  | — |  |  | (1,395 | )
Intercompany investing activities |  | (14,089 | ) |  | — |  |  | 50,108 |  |  | (36,019 | ) |  | — |
Net cash provided (used) by investing activities |  | (81,959 | ) |  | (413 | ) |  | 36,350 |  |  | (36,019 | ) |  | (82,041 | )
Repayments on revolving line of credit |  | (115,000 | ) |  | — |  |  | — |  |  | — |  |  | (115,000 | )
Borrowings on revolving line of credit |  | 216,000 |  |  | — |  |  | — |  |  | — |  |  | 216,000 |
Repayments of long-term debt |  | (88 | ) |  | — |  |  | (361 | ) |  | — |  |  | (449 | )
Excess tax benefits from stock-based awards |  | 13,166 |  |  | — |  |  | — |  |  | — |  |  | 13,166 |
Repurchase of common stock |  | (20,172 | ) |  | — |  |  | — |  |  | — |  |  | (20,172 | )
Distribution to parent |  | — |  |  | (4,076 | ) |  | — |  |  | 4,076 |  |  | — |
Distribution to noncontrolling interest |  | — |  |  | (1,019 | ) |  | — |  |  | — |  |  | (1,019 | )
Payment of contingent consideration |  | — |  |  | — |  |  | (894 | ) |  | — |  |  | (894 | )
Intercompany financing activities |  | (49,895 | ) |  | 7,830 |  |  | 6,046 |  |  | 36,019 |  |  | — |
Net cash provided by financing activities |  | 44,011 |  |  | 2,735 |  |  | 4,791 |  |  | 40,095 |  |  | 91,632 |
Effect of exchange rates on cash |  | (335 | ) |  | 99 |  |  | 74 |  |  | — |  |  | (162 | )
Net decrease in cash and cash equivalents |  | (81,666 | ) |  | (4,931 | ) |  | (216 | ) |  | — |  |  | (86,813 | )
Cash and cash equivalents at beginning of period |  | 82,158 |  |  | 9,695 |  |  | 1,129 |  |  | — |  |  | 92,982 |
Cash and cash equivalents at end of period |  | $ | 492 |  |  | $ | 4,764 |  |  | $ | 913 |  |  | $ | — |  |  | $ | 6,169 |
|  | 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 provided (used) by investing activities |  | (71,826 | ) |  | (412 | ) |  | 29,096 |  |  | (37,843 | ) |  | (80,985 | )
Repayments of long-term debt |  | (400,130 | ) |  | — |  |  | (15 | ) |  | — |  |  | (400,145 | )
Borrowings under revolving line of credit |  | 280,000 |  |  | — |  |  | — |  |  | — |  |  | 280,000 |
Repayments on revolving line of credit |  | (178,000 | ) |  | — |  |  | — |  |  | — |  |  | (178,000 | )
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 increase (decrease) in cash and cash equivalents |  | (34,460 | ) |  | (4,939 | ) |  | 1,641 |  |  | — |  |  | (37,758 | )
Cash and cash equivalents at beginning of year |  | 36,280 |  |  | 10,022 |  |  | 1,282 |  |  | — |  |  | 47,584 |
Cash and cash equivalents at end of year |  | $ | 1,820 |  |  | $ | 5,083 |  |  | $ | 2,923 |  |  | $ | — |  |  | $ | 9,826 |

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