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Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 9 Months Ended
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Jun. 24, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Three Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 184,719 |  |  | $ | 29,067 |  |  | $ | 387,333 |  |  | $ | (26,527 | ) |  | $ | 574,592 |
Cost of goods sold and occupancy |  | 142,533 |  |  | 20,636 |  |  | 252,678 |  |  | (24,528 | ) |  | 391,319 |
Gross profit |  | 42,186 |  |  | 8,431 |  |  | 134,655 |  |  | (1,999 | ) |  | 183,273 |
Selling, general and administrative expenses |  | 39,234 |  |  | 5,476 |  |  | 82,629 |  |  | (1,999 | ) |  | 125,340 |
Operating income |  | 2,952 |  |  | 2,955 |  |  | 52,026 |  |  | — |  |  | 57,933 |
Interest expense |  | (7,213 | ) |  | (54 | ) |  | (6 | ) |  | — |  |  | (7,273 | )
Interest income |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 53 |
Other income |  | 1,064 |  |  | 86 |  |  | 476 |  |  | — |  |  | 1,626 |
Income (loss) before taxes and equity in earnings of affiliates |  | (3,144 | ) |  | 2,987 |  |  | 52,496 |  |  | — |  |  | 52,339 |
Income tax expense (benefit) |  | (1,178 | ) |  | 1,096 |  |  | 19,532 |  |  | — |  |  | 19,450 |
Equity in earnings of affiliates |  | 34,214 |  |  | — |  |  | 1,302 |  |  | (35,516 | ) |  | — |
Net income including noncontrolling interest |  | 32,248 |  |  | 1,891 |  |  | 34,266 |  |  | (35,516 | ) |  | 32,889 |
Net income attributable to noncontrolling interest |  | — |  |  | 641 |  |  | — |  |  | — |  |  | 641 |
Net income attributable to Central Garden & Pet Company |  | $ | 32,248 |  |  | $ | 1,250 |  |  | $ | 34,266 |  |  | $ | (35,516 | ) |  | $ | 32,248 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Three Months Ended June 25, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 162,751 |  |  | $ | 28,052 |  |  | $ | 350,013 |  |  | $ | (26,272 | ) |  | $ | 514,544 |
Cost of goods sold and occupancy |  | 128,517 |  |  | 18,274 |  |  | 228,343 |  |  | (24,335 | ) |  | 350,799 |
Gross profit |  | 34,234 |  |  | 9,778 |  |  | 121,670 |  |  | (1,937 | ) |  | 163,745 |
Selling, general and administrative expenses |  | 36,826 |  |  | 5,380 |  |  | 75,291 |  |  | (1,937 | ) |  | 115,560 |
Operating income (loss) |  | (2,592 | ) |  | 4,398 |  |  | 46,379 |  |  | — |  |  | 48,185 |
Interest expense |  | (6,904 | ) |  | (53 | ) |  | (7 | ) |  | — |  |  | (6,964 | )
Interest income |  | 42 |  |  | 1 |  |  | — |  |  | — |  |  | 43 |
Other income (expense) |  | (108 | ) |  | (146 | ) |  | 572 |  |  | — |  |  | 318 |
Income (loss) before taxes and equity in earnings of affiliates |  | (9,562 | ) |  | 4,200 |  |  | 46,944 |  |  | — |  |  | 41,582 |
Income tax expense (benefit) |  | (3,517 | ) |  | 1,552 |  |  | 16,881 |  |  | — |  |  | 14,916 |
Equity in earnings of affiliates |  | 32,075 |  |  | — |  |  | 2,148 |  |  | (34,223 | ) |  | — |
Net income including noncontrolling interest |  | 26,030 |  |  | 2,648 |  |  | 32,211 |  |  | (34,223 | ) |  | 26,666 |
Net income attributable to noncontrolling interest |  | — |  |  | 636 |  |  | — |  |  | — |  |  | 636 |
Net income attributable to Central Garden & Pet Company |  | $ | 26,030 |  |  | $ | 2,012 |  |  | $ | 32,211 |  |  | $ | (34,223 | ) |  | $ | 26,030 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Nine Months Ended June 24, 2017 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 531,028 |  |  | $ | 69,183 |  |  | $ | 1,032,444 |  |  | $ | (68,641 | ) |  | $ | 1,564,014 |
Cost of goods sold and occupancy |  | 409,262 |  |  | 52,442 |  |  | 678,798 |  |  | (63,968 | ) |  | 1,076,534 |
Gross profit |  | 121,766 |  |  | 16,741 |  |  | 353,646 |  |  | (4,673 | ) |  | 487,480 |
Selling, general and administrative expenses |  | 114,546 |  |  | 14,014 |  |  | 221,862 |  |  | (4,673 | ) |  | 345,749 |
Operating income |  | 7,220 |  |  | 2,727 |  |  | 131,784 |  |  | — |  |  | 141,731 |
Interest expense |  | (20,823 | ) |  | (136 | ) |  | (17 | ) |  | — |  |  | (20,976 | )
Interest income |  | 98 |  |  | 1 |  |  | — |  |  | — |  |  | 99 |
Other income (expense) |  | (276 | ) |  | (301 | ) |  | 271 |  |  | — |  |  | (306 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (13,781 | ) |  | 2,291 |  |  | 132,038 |  |  | — |  |  | 120,548 |
Income tax expense (benefit) |  | (5,088 | ) |  | 1,133 |  |  | 48,576 |  |  | — |  |  | 44,621 |
Equity in earnings of affiliates |  | 83,262 |  |  | — |  |  | 875 |  |  | (84,137 | ) |  | — |
Net income including noncontrolling interest |  | 74,569 |  |  | 1,158 |  |  | 84,337 |  |  | (84,137 | ) |  | 75,927 |
Net income attributable to noncontrolling interest |  | — |  |  | 1,358 |  |  | — |  |  | — |  |  | 1,358 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 74,569 |  |  | $ | (200 | ) |  | $ | 84,337 |  |  | $ | (84,137 | ) |  | $ | 74,569 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Nine Months Ended June 25, 2016 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 456,568 |  |  | $ | 73,324 |  |  | $ | 953,925 |  |  | $ | (68,212 | ) |  | $ | 1,415,605 |
Cost of goods sold and occupancy |  | 360,745 |  |  | 54,319 |  |  | 631,251 |  |  | (63,580 | ) |  | 982,735 |
Gross profit |  | 95,823 |  |  | 19,005 |  |  | 322,674 |  |  | (4,632 | ) |  | 432,870 |
Selling, general and administrative expenses |  | 102,990 |  |  | 14,283 |  |  | 203,868 |  |  | (4,632 | ) |  | 316,509 |
Operating income (loss) |  | (7,167 | ) |  | 4,722 |  |  | 118,806 |  |  | — |  |  | 116,361 |
Interest expense |  | (36,065 | ) |  | (133 | ) |  | (7 | ) |  | — |  |  | (36,205 | )
Interest income |  | 71 |  |  | 3 |  |  | — |  |  | — |  |  | 74 |
Other income (expense) |  | (286 | ) |  | (409 | ) |  | 452 |  |  | — |  |  | (243 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (43,447 | ) |  | 4,183 |  |  | 119,251 |  |  | — |  |  | 79,987 |
Income tax expense (benefit) |  | (15,437 | ) |  | 1,749 |  |  | 42,197 |  |  | — |  |  | 28,509 |
Equity in earnings of affiliates |  | 78,135 |  |  | — |  |  | 1,971 |  |  | (80,106 | ) |  | — |
Net income including noncontrolling interest |  | 50,125 |  |  | 2,434 |  |  | 79,025 |  |  | (80,106 | ) |  | 51,478 |
Net income attributable to noncontrolling interest |  | — |  |  | 1,353 |  |  | — |  |  | — |  |  | 1,353 |
Net income attributable to Central Garden & Pet Company |  | $ | 50,125 |  |  | $ | 1,081 |  |  | $ | 79,025 |  |  | $ | (80,106 | ) |  | $ | 50,125 |
Consolidating Condensed Statements of Comprehensive Income (Loss) |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 32,248 |  |  | $ | 1,891 |  |  | $ | 34,266 |  |  | $ | (35,516 | ) |  | $ | 32,889 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | 172 |  |  | 116 |  |  | 19 |  |  | (135 | ) |  | 172 |
Total comprehensive income |  | 32,420 |  |  | 2,007 |  |  | 34,285 |  |  | (35,651 | ) |  | 33,061 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 641 |  |  | — |  |  | — |  |  | 641 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 32,420 |  |  | $ | 1,366 |  |  | $ | 34,285 |  |  | $ | (35,651 | ) |  | $ | 32,420 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended June 25, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 26,030 |  |  | $ | 2,648 |  |  | $ | 32,211 |  |  | $ | (34,223 | ) |  | $ | 26,666 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (277 | ) |  | (233 | ) |  | 25 |  |  | 208 |  |  | (277 | )
Total comprehensive income |  | 25,753 |  |  | 2,415 |  |  | 32,236 |  |  | (34,015 | ) |  | 26,389 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | 636 |  |  | — |  |  | — |  |  | 636 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 25,753 |  |  | $ | 1,779 |  |  | $ | 32,236 |  |  | $ | (34,015 | ) |  | $ | 25,753 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Nine Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 74,569 |  |  | $ | 1,158 |  |  | $ | 84,337 |  |  | $ | (84,137 | ) |  | $ | 75,927 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (193 | ) |  | (144 | ) |  | (11 | ) |  | 155 |  |  | (193 | )
Total comprehensive income (loss) |  | 74,376 |  |  | 1,014 |  |  | 84,326 |  |  | (83,982 | ) |  | 75,734 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 1,358 |  |  | — |  |  | — |  |  | 1,358 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 74,376 |  |  | $ | (344 | ) |  | $ | 84,326 |  |  | $ | (83,982 | ) |  | $ | 74,376 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Nine Months Ended June 25, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 50,125 |  |  | $ | 2,434 |  |  | $ | 79,025 |  |  | $ | (80,106 | ) |  | $ | 51,478 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (969 | ) |  | (773 | ) |  | 32 |  |  | 741 |  |  | (969 | )
Total comprehensive income (loss) |  | 49,156 |  |  | 1,661 |  |  | 79,057 |  |  | (79,365 | ) |  | 50,509 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 1,353 |  |  | — |  |  | — |  |  | 1,353 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 49,156 |  |  | $ | 308 |  |  | $ | 79,057 |  |  | $ | (79,365 | ) |  | $ | 49,156 |
Consolidating Condensed Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 929 |  |  | $ | 10,118 |  |  | $ | 3,426 |  |  | $ | — |  |  | $ | 14,473 |
Restricted cash |  | 10,999 |  |  | — |  |  | — |  |  | — |  |  | 10,999 |
Accounts receivable, net |  | 92,703 |  |  | 9,842 |  |  | 176,959 |  |  | — |  |  | 279,504 |
Inventories |  | 127,307 |  |  | 10,567 |  |  | 245,575 |  |  | — |  |  | 383,449 |
Prepaid expenses and other |  | 19,670 |  |  | 1,059 |  |  | 31,235 |  |  | — |  |  | 51,964 |
Total current assets |  | 251,608 |  |  | 31,586 |  |  | 457,195 |  |  | — |  |  | 740,389 |
Land, buildings, improvements and equipment, net |  | 37,823 |  |  | 4,065 |  |  | 135,896 |  |  | — |  |  | 177,784 |
Goodwill |  | 15,058 |  |  | — |  |  | 215,327 |  |  | — |  |  | 230,385 |
Other long-term assets |  | 34,273 |  |  | 3,200 |  |  | 167,858 |  |  | (2,142 | ) |  | 203,189 |
Intercompany receivable |  | 36,783 |  |  | — |  |  | 601,317 |  |  | (638,100 | ) |  | — |
Investment in subsidiaries |  | 1,369,307 |  |  | — |  |  | — |  |  | (1,369,307 | ) |  | — |
Total |  | $ | 1,744,852 |  |  | $ | 38,851 |  |  | $ | 1,577,593 |  |  | $ | (2,009,549 | ) |  | $ | 1,351,747 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 34,562 |  |  | $ | 7,832 |  |  | $ | 64,014 |  |  | $ | — |  |  | $ | 106,408 |
Accrued expenses |  | 57,235 |  |  | 2,632 |  |  | 52,224 |  |  | — |  |  | 112,091 |
Current portion of long-term debt |  | — |  |  | — |  |  | 375 |  |  | — |  |  | 375 |
Total current liabilities |  | 91,797 |  |  | 10,464 |  |  | 116,613 |  |  | — |  |  | 218,874 |
Long-term debt |  | 434,962 |  |  | — |  |  | 112 |  |  | — |  |  | 435,074 |
Intercompany payable |  | 588,378 |  |  | 49,722 |  |  |  |  |  | (638,100 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 19,327 |  |  | (19,327 | ) |  | — |
Other long-term obligations |  | 2,620 |  |  | — |  |  | 68,314 |  |  | (2,142 | ) |  | 68,792 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 627,095 |  |  | (23,247 | ) |  | 1,373,227 |  |  | (1,349,980 | ) |  | 627,095 |
Noncontrolling interest |  | — |  |  | 1,912 |  |  | — |  |  | — |  |  | 1,912 |
Total equity (deficit) |  | 627,095 |  |  | (21,335 | ) |  | 1,373,227 |  |  | (1,349,980 | ) |  | 629,007 |
Total |  | $ | 1,744,852 |  |  | $ | 38,851 |  |  | $ | 1,577,593 |  |  | $ | (2,009,549 | ) |  | $ | 1,351,747 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | June 25, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 30,477 |  |  | $ | 8,675 |  |  | $ | 848 |  |  | $ | — |  |  | $ | 40,000 |
Restricted cash |  | 12,029 |  |  | — |  |  | — |  |  | — |  |  | 12,029 |
Accounts receivable, net |  | 74,162 |  |  | 9,395 |  |  | 158,397 |  |  | — |  |  | 241,954 |
Inventories |  | 105,440 |  |  | 9,037 |  |  | 247,336 |  |  | — |  |  | 361,813 |
Prepaid expenses and other |  | 20,543 |  |  | 1,039 |  |  | 23,493 |  |  | — |  |  | 45,075 |
Total current assets |  | 242,651 |  |  | 28,146 |  |  | 430,074 |  |  | — |  |  | 700,871 |
Land, buildings, improvements and equipment, net |  | 43,475 |  |  | 3,877 |  |  | 112,078 |  |  | — |  |  | 159,430 |
Goodwill |  | 18,858 |  |  | — |  |  | 214,153 |  |  | — |  |  | 233,011 |
Other long-term assets |  | 37,139 |  |  | 3,294 |  |  | 84,702 |  |  | (1,540 | ) |  | 123,595 |
Intercompany receivable |  | 31,005 |  |  | — |  |  | 478,780 |  |  | (509,785 | ) |  | — |
Investment in subsidiaries |  | 1,130,148 |  |  | — |  |  | — |  |  | (1,130,148 | ) |  | — |
Total |  | $ | 1,503,276 |  |  | $ | 35,317 |  |  | $ | 1,319,787 |  |  | $ | (1,641,473 | ) |  | $ | 1,216,907 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 26,818 |  |  | $ | 6,210 |  |  | $ | 63,878 |  |  | $ | — |  |  | $ | 96,906 |
Accrued expenses |  | 48,981 |  |  | 2,290 |  |  | 51,682 |  |  | — |  |  | 102,953 |
Current portion of long-term debt |  | 154 |  |  | — |  |  | 376 |  |  | — |  |  | 530 |
Total current liabilities |  | 75,953 |  |  | 8,500 |  |  | 115,936 |  |  | — |  |  | 200,389 |
Long-term debt |  | 394,164 |  |  | — |  |  | 439 |  |  | — |  |  | 394,603 |
Intercompany payable |  | 468,039 |  |  | 41,746 |  |  | — |  |  | (509,785 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 14,780 |  |  | (14,780 | ) |  | — |
Other long-term obligations |  | 9,036 |  |  | — |  |  | 56,479 |  |  | (1,540 | ) |  | 63,975 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 556,084 |  |  | (16,785 | ) |  | 1,132,153 |  |  | (1,115,368 | ) |  | 556,084 |
Noncontrolling interest |  | — |  |  | 1,856 |  |  | — |  |  | — |  |  | 1,856 |
Total equity (deficit) |  | 556,084 |  |  | (14,929 | ) |  | 1,132,153 |  |  | (1,115,368 | ) |  | 557,940 |
Total |  | $ | 1,503,276 |  |  | $ | 35,317 |  |  | $ | 1,319,787 |  |  | $ | (1,641,473 | ) |  | $ | 1,216,907 |
|  | 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
|  | Nine Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities |  | $ | (14,968 | ) |  | $ | 2,482 |  |  | $ | 59,210 |  |  | $ | (4,076 | ) |  | $ | 42,648 |
Additions to property and equipment |  | (6,811 | ) |  | (557 | ) |  | (29,719 | ) |  |  |  |  | (37,087 | )
Payments to acquire companies, net of cash acquired |  | (106,821 | ) |  | — |  |  |  |  |  | — |  |  | (106,821 | )
Proceeds from sale of business, facility and other assets |  | — |  |  | — |  |  | 8,301 |  |  | — |  |  | 8,301 |
Change in restricted cash and cash equivalents |  | (89 | ) |  | — |  |  |  |  |  | — |  |  | (89 | )
Investment in equity method investee |  | (11,495 | ) |  | — |  |  |  |  | — |  |  | (11,495 | )
Other investing activities |  | (2,735 | ) |  | — |  |  | — |  |  | — |  |  | (2,735 | )
Intercompany investing activities |  | (4,005 | ) |  | — |  |  | (33,943 | ) |  | 37,948 |  |  | — |
Net cash used by investing activities |  | (131,956 | ) |  | (557 | ) |  | (55,361 | ) |  | 37,948 |  |  | (149,926 | )
Repayments on revolving line of credit |  | (416,000 | ) |  | — |  |  | — |  |  | — |  |  | (416,000 | )
Borrowings under revolving line of credit |  | 456,000 |  |  | — |  |  | — |  |  | — |  |  | 456,000 |
Repayments under long-term debt |  | (88 | ) |  | — |  |  | (368 | ) |  | — |  |  | (456 | )
Excess tax benefits from stock-based awards |  | 17,205 |  |  | — |  |  | — |  |  | — |  |  | 17,205 |
Repurchase of common stock |  | (25,654 | ) |  | — |  |  | — |  |  | — |  |  | (25,654 | )
Distribution to parent |  |  |  |  | (4,076 | ) |  | — |  |  | 4,076 |  |  | — |
Distribution to noncontrolling interest |  |  |  |  | (1,019 | ) |  | — |  |  | — |  |  | (1,019 | )
Payment of contingent consideration liability |  |  |  |  | — |  |  | (1,222 | ) |  | — |  |  | (1,222 | )
Intercompany financing activities |  | 34,414 |  |  | 3,534 |  |  |  |  |  | (37,948 | ) |  | — |
Net cash provided (used) by financing activities |  | 65,877 |  |  | (1,561 | ) |  | (1,590 | ) |  | (33,872 | ) |  | 28,854 |
Effect of exchange rate changes on cash and cash equivalents |  | (182 | ) |  | 59 |  |  | 38 |  |  | — |  |  | (85 | )
Net decrease in cash and cash equivalents |  | (81,229 | ) |  | 423 |  |  | 2,297 |  |  | — |  |  | (78,509 | )
Cash and cash equivalents at beginning of period |  | 82,158 |  |  | 9,695 |  |  | 1,129 |  |  | — |  |  | 92,982 |
Cash and cash equivalents at end of period |  | $ | 929 |  |  | $ | 10,118 |  |  | $ | 3,426 |  |  | $ | — |  |  | $ | 14,473 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Nine Months Ended June 25, 2016
|  | (in thousands)
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | 4,127 |  |  | $ | 6,082 |  |  | $ | 84,258 |  |  | $ | (4,884 | ) |  | $ | 89,583 |
Additions to property, plant and equipment |  | (1,876 | ) |  | (577 | ) |  | (17,033 | ) |  | — |  |  | (19,486 | )
Payments to acquire companies, net of cash acquired |  | (60,916 | ) |  | — |  |  | (7,985 | ) |  | — |  |  | (68,901 | )
Change in restricted cash and cash equivalents |  | 1,129 |  |  | — |  |  | — |  |  | — |  |  | 1,129 |
Proceeds from sale of plant assets |  |  |  |  |  | 3,899 |  |  |  |  | 3,899 |
Other investing activities |  | (550 | ) |  |  |  |  |  |  |  |  |  |  | (550 | )
Intercompany investing activities |  | 1,689 |  |  | — |  |  | (63,778 | ) |  | 62,089 |  |  | — |
Net cash provided (used) by investing activities |  | (60,524 | ) |  | (577 | ) |  | (84,897 | ) |  | 62,089 |  |  | (83,909 | )
Repayments of long-term debt |  | (400,208 | ) |  | — |  |  | (22 | ) |  | — |  |  | (400,230 | )
Borrowings under revolving line of credit |  | 419,000 |  |  | — |  |  | — |  |  | — |  |  | 419,000 |
Repayments under revolving line of credit |  | (419,000 | ) |  | — |  |  | — |  |  | — |  |  | (419,000 | )
Issuance of long-term debt |  | 400,000 |  |  | — |  |  | — |  |  | — |  |  | 400,000 |
Excess tax benefits from stock-based awards |  | 4,726 |  |  | — |  |  | — |  |  | — |  |  | 4,726 |
Repurchase of common stock |  | (9,429 | ) |  |  |  |  | — |  |  |  |  |  | (9,429 | )
Proceeds from issuance of common stock |  | 280 |  |  | — |  |  | — |  |  | — |  |  | 280 |
Distribution to parent |  | — |  |  | (4,884 | ) |  | — |  |  | 4,884 |  |  | — |
Distribution to noncontrolling interest |  |  |  |  | (592 | ) |  |  |  |  |  |  |  | (592 | )
Payment of financing costs |  | (7,560 | ) |  | — |  |  |  |  |  |  |  |  | (7,560 | )
Intercompany financing activities |  | 63,786 |  |  | (1,697 | ) |  | — |  |  | (62,089 | ) |  | — |
Net cash provided (used) by financing activities |  | 51,595 |  |  | (7,173 | ) |  | (22 | ) |  | (57,205 | ) |  | (12,805 | )
Effect of exchange rates on cash |  | (1,001 | ) |  | 321 |  |  | 227 |  |  | — |  |  | (453 | )
Net increase (decrease) in cash and cash equivalents |  | (5,803 | ) |  | (1,347 | ) |  | (434 | ) |  | — |  |  | (7,584 | )
Cash and cash equivalents at beginning of year |  | 36,280 |  |  | 10,022 |  |  | 1,282 |  |  | — |  |  | 47,584 |
Cash and cash equivalents at end of year |  | $ | 30,477 |  |  | $ | 8,675 |  |  | $ | 848 |  |  | $ | — |  |  | $ | 40,000 |

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