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Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 9 Months Ended
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Jun. 30, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Three Months Ended June 30, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 208,095 |  |  | $ | 93,122 |  |  | $ | 379,059 |  |  | $ | (22,333 | ) |  | $ | 657,943 |
Cost of goods sold and occupancy |  | 161,192 |  |  | 67,308 |  |  | 247,559 |  |  | (20,180 | ) |  | 455,879 |
Gross profit |  | 46,903 |  |  | 25,814 |  |  | 131,500 |  |  | (2,153 | ) |  | 202,064 |
Selling, general and administrative expenses |  | 45,974 |  |  | 14,837 |  |  | 82,587 |  |  | (2,153 | ) |  | 141,245 |
Operating income (loss) |  | 929 |  |  | 10,977 |  |  | 48,913 |  |  | — |  |  | 60,819 |
Interest expense |  | (10,470 | ) |  | (125 | ) |  | (2 | ) |  |  |  |  | (10,597 | )
Interest income |  | 583 |  |  | 1 |  |  | — |  |  |  |  |  | 584 |
Other (expense) income |  | 1,965 |  |  | (394 | ) |  | 555 |  |  |  |  |  | 2,126 |
Income (loss) before taxes and equity in earnings (losses) of affiliates |  | (6,993 | ) |  | 10,459 |  |  | 49,466 |  |  | — |  |  | 52,932 |
Income tax expense (benefit) |  | (2,633 | ) |  | 236 |  |  | 13,792 |  |  |  |  |  | 11,395 |
Equity in earnings (losses) of affiliates |  | 45,905 |  |  | — |  |  | 261 |  |  | (46,166 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 41,545 |  |  | 10,223 |  |  | 35,935 |  |  | (46,166 | ) |  | 41,537 |
Net income attributable to noncontrolling interest |  | — |  |  | (8 | ) |  | — |  |  | — |  |  | (8 | )
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 41,545 |  |  | $ | 10,231 |  |  | $ | 35,935 |  |  | $ | (46,166 | ) |  | $ | 41,545 |
|  | 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 (loss) |  | 2,952 |  |  | 2,955 |  |  | 52,026 |  |  | — |  |  | 57,933 |
Interest expense |  | (7,213 | ) |  | (54 | ) |  | (6 | ) |  | — |  |  | (7,273 | )
Interest income |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 53 |
Other expense |  | 1,064 |  |  | 86 |  |  | 476 |  |  | — |  |  | 1,626 |
Income (loss) before taxes and equity in earnings (losses) 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 (losses) of affiliates |  | 34,214 |  |  | — |  |  | 1,302 |  |  | (35,516 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 32,248 |  |  | 1,891 |  |  | 34,266 |  |  | (35,516 | ) |  | 32,889 |
Net income attributable to noncontrolling interest |  | — |  |  | 641 |  |  | — |  |  | — |  |  | 641 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 32,248 |  |  | $ | 1,250 |  |  | $ | 34,266 |  |  | $ | (35,516 | ) |  | $ | 32,248 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Nine Months Ended June 30, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 562,620 |  |  | $ | 139,298 |  |  | $ | 1,077,831 |  |  | $ | (66,701 | ) |  | $ | 1,713,048 |
Cost of goods sold and occupancy |  | 438,539 |  |  | 103,316 |  |  | 704,682 |  |  | (61,847 | ) |  | 1,184,690 |
Gross profit |  | 124,081 |  |  | 35,982 |  |  | 373,149 |  |  | (4,854 | ) |  | 528,358 |
Selling, general and administrative expenses |  | 124,290 |  |  | 25,274 |  |  | 234,522 |  |  | (4,854 | ) |  | 379,232 |
Operating income (loss) |  | (209 | ) |  | 10,708 |  |  | 138,627 |  |  | — |  |  | 149,126 |
Interest expense |  | (28,365 | ) |  | (203 | ) |  | (9 | ) |  | — |  |  | (28,577 | )
Interest income |  | 1,461 |  |  | 3 |  |  | — |  |  | — |  |  | 1,464 |
Other income (expense) |  | 155 |  |  | (140 | ) |  | 527 |  |  | — |  |  | 542 |
Income (loss) before taxes and equity in earnings of affiliates |  | (26,958 | ) |  | 10,368 |  |  | 139,145 |  |  | — |  |  | 122,555 |
Income tax expense (benefit) |  | (1,961 | ) |  | (31 | ) |  | 10,794 |  |  | — |  |  | 8,802 |
Equity in earnings of affiliates |  | 138,023 |  |  | — |  |  | 1,202 |  |  | (139,225 | ) |  | — |
Net income including noncontrolling interest |  | 113,026 |  |  | 10,399 |  |  | 129,553 |  |  | (139,225 | ) |  | 113,753 |
Net income attributable to noncontrolling interest |  | — |  |  | 727 |  |  | — |  |  | — |  |  | 727 |
Net income attributable to Central Garden & Pet Company |  | $ | 113,026 |  |  | $ | 9,672 |  |  | $ | 129,553 |  |  | $ | (139,225 | ) |  | $ | 113,026 |
|  | 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 Statements of Comprehensive Income (Loss) |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Three Months Ended June 30, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 41,545 |  |  | $ | 10,223 |  |  | $ | 35,935 |  |  | $ | (46,166 | ) |  | $ | 41,537 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (480 | ) |  | (323 | ) |  | (35 | ) |  | 358 |  |  | (480 | )
Total comprehensive income |  | 41,065 |  |  | 9,900 |  |  | 35,900 |  |  | (45,808 | ) |  | 41,057 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | (8 | ) |  | — |  |  | — |  |  | (8 | )
Comprehensive income attributable to Central Garden & Pet Company |  | $ | 41,065 |  |  | $ | 9,908 |  |  | $ | 35,900 |  |  | $ | (45,808 | ) |  | $ | 41,065 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Three Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 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 attributable to Central Garden & Pet Company |  | $ | 32,420 |  |  | $ | 1,366 |  |  | $ | 34,285 |  |  | $ | (35,651 | ) |  | $ | 32,420 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Nine Months Ended June 30, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 113,026 |  |  | $ | 10,399 |  |  | $ | 129,553 |  |  | $ | (139,225 | ) |  | $ | 113,753 |
Other comprehensive loss: |  | — |  |  | — |  |  | — |  |  | — |  |  |
Foreign currency translation |  | (202 | ) |  | (74 | ) |  | (99 | ) |  | 173 |  |  | (202 | )
Total comprehensive income |  | 112,824 |  |  | 10,325 |  |  | 129,454 |  |  | (139,052 | ) |  | 113,551 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 727 |  |  | — |  |  | — |  |  | 727 |
Comprehensive income attributable to Central Garden & Pet Company |  | $ | 112,824 |  |  | $ | 9,598 |  |  | $ | 129,454 |  |  | $ | (139,052 | ) |  | $ | 112,824 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Nine Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 74,569 |  |  | $ | 1,158 |  |  | $ | 84,337 |  |  | $ | (84,137 | ) |  | $ | 75,927 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (193 | ) |  | (144 | ) |  | (11 | ) |  | 155 |  |  | (193 | )
Total comprehensive income |  | 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 Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | June 30, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 196,051 |  |  | $ | 5,060 |  |  | $ | 3,277 |  |  | $ | — |  |  | $ | 204,388 |
Restricted cash |  | 13,978 |  |  | — |  |  | — |  |  | — |  |  | 13,978 |
Accounts receivable, net |  | 122,534 |  |  | 20,612 |  |  | 205,635 |  |  | — |  |  | 348,781 |
Inventories |  | 124,029 |  |  | 36,841 |  |  | 267,137 |  |  | — |  |  | 428,007 |
Prepaid expenses and other |  | 6,032 |  |  | 2,065 |  |  | 18,638 |  |  | — |  |  | 26,735 |
Total current assets |  | 462,624 |  |  | 64,578 |  |  | 494,687 |  |  | — |  |  | 1,021,889 |
Land, buildings, improvements and equipment, net |  | 35,000 |  |  | 34,024 |  |  | 142,793 |  |  | — |  |  | 211,817 |
Goodwill |  | 15,058 |  |  | — |  |  | 253,185 |  |  | — |  |  | 268,243 |
Other long-term assets |  | 72,697 |  |  | 14,009 |  |  | 131,010 |  |  | (11,260 | ) |  | 206,456 |
Intercompany receivable |  | 40,342 |  |  | — |  |  | 684,808 |  |  | (725,150 | ) |  | — |
Investment in subsidiaries |  | 1,583,729 |  |  | — |  |  | — |  |  | (1,583,729 | ) |  | — |
Total |  | $ | 2,209,450 |  |  | $ | 112,611 |  |  | $ | 1,706,483 |  |  | $ | (2,320,139 | ) |  | $ | 1,708,405 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 32,330 |  |  | $ | 13,242 |  |  | $ | 62,557 |  |  | $ | — |  |  | $ | 108,129 |
Accrued expenses |  | 61,367 |  |  | 7,256 |  |  | 54,274 |  |  | — |  |  | 122,897 |
Current portion of long-term debt |  | 106 |  |  | — |  |  | 13 |  |  | — |  |  | 119 |
Total current liabilities |  | 93,803 |  |  | 20,498 |  |  | 116,844 |  |  | — |  |  | 231,145 |
Long-term debt |  | 691,591 |  |  | — |  |  | 150 |  |  | — |  |  | 691,741 |
Intercompany payable |  | 671,405 |  |  | 53,745 |  |  | — |  |  | (725,150 | ) |  | — |
Losses in excess of investment in subsidiaries |  |  |  |  | — |  |  | 24,967 |  |  | (24,967 | ) |  | — |
Other long-term obligations |  | 8,516 |  |  | — |  |  | 43,542 |  |  | (11,260 | ) |  | 40,798 |
Total Central Garden & Pet shareholders’ equity |  | 744,135 |  |  | 37,782 |  |  | 1,520,980 |  |  | (1,558,762 | ) |  | 744,135 |
Noncontrolling interest |  |  |  |  | 586 |  |  | — |  |  |  |  |  | 586 |
Total equity |  | 744,135 |  |  | 38,368 |  |  | 1,520,980 |  |  | (1,558,762 | ) |  | 744,721 |
Total |  | $ | 2,209,450 |  |  | $ | 112,611 |  |  | $ | 1,706,483 |  |  | $ | (2,320,139 | ) |  | $ | 1,708,405 |
|  | 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 |  | 5,497 |  |  | 1,041 |  |  | 15,020 |  |  | — |  |  | 21,558 |
Total current assets |  | 237,435 |  |  | 31,568 |  |  | 440,980 |  |  | — |  |  | 709,983 |
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 |  | 48,446 |  |  | 3,218 |  |  | 167,858 |  |  | (16,333 | ) |  | 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 |  |  | $ | 1,561,378 |  |  | $ | (2,023,740 | ) |  | $ | 1,321,341 |
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 |  |  | — |  |  | 52,099 |  |  | (16,333 | ) |  | 38,386 |
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 |  |  | $ | 1,561,378 |  |  | $ | (2,023,740 | ) |  | $ | 1,321,341 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | September 30, 2017
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 19,238 |  |  | $ | 11,693 |  |  | $ | 1,466 |  |  | $ | — |  |  | $ | 32,397 |
Restricted cash |  | 12,645 |  |  | — |  |  | — |  |  | — |  |  | 12,645 |
Accounts receivable, net |  | 78,692 |  |  | 5,586 |  |  | 153,590 |  |  | — |  |  | 237,868 |
Inventories |  | 125,797 |  |  | 9,493 |  |  | 246,811 |  |  | — |  |  | 382,101 |
Prepaid expenses and other assets |  | 6,059 |  |  | 811 |  |  | 11,175 |  |  | — |  |  | 18,045 |
Total current assets |  | 242,431 |  |  | 27,583 |  |  | 413,042 |  |  | — |  |  | 683,056 |
Land, buildings, improvements and equipment, net |  | 38,170 |  |  | 4,225 |  |  | 138,518 |  |  | — |  |  | 180,913 |
Goodwill |  | 15,058 |  |  | — |  |  | 241,217 |  |  | — |  |  | 256,275 |
Other long-term assets |  | 61,715 |  |  | 2,376 |  |  | 146,372 |  |  | (23,801 | ) |  | 186,662 |
Intercompany receivable |  | 36,606 |  |  | — |  |  | 662,137 |  |  | (698,743 | ) |  | — |
Investment in subsidiaries |  | 1,383,633 |  |  | — |  |  | — |  |  | (1,383,633 | ) |  | — |
Total |  | $ | 1,777,613 |  |  | $ | 34,184 |  |  | $ | 1,601,286 |  |  | $ | (2,106,177 | ) |  | $ | 1,306,906 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 36,760 |  |  | $ | 3,076 |  |  | $ | 63,447 |  |  | $ | — |  |  | $ | 103,283 |
Accrued expenses and other liabilities |  | 54,909 |  |  | 2,391 |  |  | 59,249 |  |  | — |  |  | 116,549 |
Current portion of long term debt |  | — |  |  | — |  |  | 375 |  |  | — |  |  | 375 |
Total current liabilities |  | 91,669 |  |  | 5,467 |  |  | 123,071 |  |  | — |  |  | 220,207 |
Long-term debt |  | 395,160 |  |  | — |  |  | 118 |  |  | — |  |  | 395,278 |
Intercompany payable |  | 647,409 |  |  | 51,334 |  |  | — |  |  | (698,743 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 19,782 |  |  | (19,782 | ) |  | — |
Other long-term obligations |  | 7,689 |  |  | — |  |  | 70,391 |  |  | (23,801 | ) |  | 54,279 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 635,686 |  |  | (24,073 | ) |  | 1,387,924 |  |  | (1,363,851 | ) |  | 635,686 |
Noncontrolling interest |  | — |  |  | 1,456 |  |  | — |  |  | — |  |  | 1,456 |
Total equity (deficit) |  | 635,686 |  |  | (22,617 | ) |  | 1,387,924 |  |  | (1,363,851 | ) |  | 637,142 |
Total |  | $ | 1,777,613 |  |  | $ | 34,184 |  |  | $ | 1,601,286 |  |  | $ | (2,106,177 | ) |  | $ | 1,306,906 |
Consolidating Condensed Statement of Cash Flows |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Nine Months Ended June 30, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities |  | $ | (20,284 | ) |  | $ | (101 | ) |  | $ | 44,534 |  |  | $ | (6,387 | ) |  | $ | 17,762 |
Additions to property and equipment |  | (6,508 | ) |  | (986 | ) |  | (19,509 | ) |  | — |  |  | (27,003 | )
Payments to acquire companies, net of cash acquired |  | (86,777 | ) |  | — |  |  | — |  |  | — |  |  | (86,777 | )
Change in restricted cash and cash equivalents |  | (1,333 | ) |  | — |  |  | — |  |  | — |  |  | (1,333 | )
Investments |  | (8,048 | ) |  | — |  |  | — |  |  | — |  |  | (8,048 | )
Other investing activities |  | (2,655 | ) |  | — |  |  | — |  |  | — |  |  | (2,655 | )
Intercompany investing activities |  | (3,737 | ) |  | — |  |  | (22,671 | ) |  | 26,408 |  |  | — |
Net cash used by investing activities |  | (109,058 | ) |  | (986 | ) |  | (42,180 | ) |  | 26,408 |  |  | (125,816 | )
Repayments on revolving line of credit |  | (23,000 | ) |  |  |  |  |  |  |  |  |  |  | (23,000 | )
Borrowings under revolving line of credit |  | 23,000 |  |  |  |  |  |  |  |  |  |  |  | 23,000 |
Issuance of long-term debt |  | 300,000 |  |  |  |  |  |  |  |  |  |  |  | 300,000 |
Repayments under long-term debt |  | (27 | ) |  |  |  |  | (368 | ) |  |  |  |  | (395 | )
Payment of financing costs |  | (4,770 | ) |  |  |  |  |  |  |  |  |  |  | (4,770 | )
Repurchase of common stock |  | (12,942 | ) |  |  |  |  |  |  |  |  |  |  | (12,942 | )
Distribution to parent |  |  |  |  | (6,387 | ) |  |  |  |  | 6,387 |  |  | — |
Distribution to noncontrolling interest |  |  |  |  | (1,597 | ) |  |  |  |  |  |  |  | (1,597 | )
Payment of contingent consideration liability |  |  |  |  | — |  |  | (204 | ) |  | — |  |  | (204 | )
Intercompany financing activities |  | 23,997 |  |  | 2,411 |  |  |  |  |  | (26,408 | ) |  | — |
Net cash provided (used) by financing activities |  | 306,258 |  |  | (5,573 | ) |  | (572 | ) |  | (20,021 | ) |  | 280,092 |
Effect of exchange rate changes on cash and cash equivalents |  | (103 | ) |  | 27 |  |  | 29 |  |  | — |  |  | (47 | )
Net increase (decrease) in cash and cash equivalents |  | 176,813 |  |  | (6,633 | ) |  | 1,811 |  |  | — |  |  | 171,991 |
Cash and cash equivalents at beginning of period |  | 19,238 |  |  | 11,693 |  |  | 1,466 |  |  | — |  |  | 32,397 |
Cash and cash equivalents at end of period |  | $ | 196,051 |  |  | $ | 5,060 |  |  | $ | 3,277 |  |  | $ | — |  |  | $ | 204,388 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Nine Months Ended June 24, 2017
|  | (in thousands)
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used) provided by operating activities |  | $ | (14,968 | ) |  | $ | 2,482 |  |  | $ | 59,210 |  |  | $ | (4,076 | ) |  | $ | 42,648 |
Additions to property, plant and equipment |  | (6,811 | ) |  | (557 | ) |  | (29,719 | ) |  | — |  |  | (37,087 | )
Payments to acquire companies, net of cash acquired |  | (106,821 | ) |  | — |  |  |  |  |  | — |  |  | (106,821 | )
Change in restricted cash and cash equivalents |  | (89 | ) |  | — |  |  | — |  |  | — |  |  | (89 | )
Proceeds from sale of plant assets |  |  |  |  |  |  | 8,301 |  |  |  |  | 8,301 |
Investments |  | (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 under 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 | )
Issuance of long-term debt |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
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 |  | — |  |  | — |  |  | (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 rates on cash |  | (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 year |  | 82,158 |  |  | 9,695 |  |  | 1,129 |  |  | — |  |  | 92,982 |
Cash and cash equivalents at end of year |  | $ | 929 |  |  | $ | 10,118 |  |  | $ | 3,426 |  |  | $ | — |  |  | $ | 14,473 |

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