XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.19.1

Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 6 Months Ended
--- | ---
Mar. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Three Months Ended March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 214,042 |  |  | $ | 35,191 |  |  | $ | 449,810 |  |  | $ | (25,342 | ) |  | $ | 673,701 |
Cost of goods sold and occupancy |  | 163,133 |  |  | 30,343 |  |  | 297,864 |  |  | (23,690 | ) |  | 467,650 |
Gross profit |  | 50,909 |  |  | 4,848 |  |  | 151,946 |  |  | (1,652 | ) |  | 206,051 |
Selling, general and administrative expenses |  | 47,135 |  |  | 10,485 |  |  | 87,930 |  |  | (1,652 | ) |  | 143,898 |
Operating income (loss) |  | 3,774 |  |  | (5,637 | ) |  | 64,016 |  |  | — |  |  | 62,153 |
Interest expense |  | (10,482 | ) |  | (141 | ) |  | (17 | ) |  | — |  |  | (10,640 | )
Interest income |  | 2,250 |  |  | 5 |  |  | — |  |  | — |  |  | 2,255 |
Other (expense) income |  | 305 |  |  | 243 |  |  | (48 | ) |  | — |  |  | 500 |
Income (loss) before taxes and equity in earnings (losses) of affiliates |  | (4,153 | ) |  | (5,530 | ) |  | 63,951 |  |  | — |  |  | 54,268 |
Income tax expense (benefit) |  | (1,748 | ) |  | (55 | ) |  | 13,349 |  |  | — |  |  | 11,546 |
Equity in earnings (losses) of affiliates |  | 44,796 |  |  | — |  |  | (101 | ) |  | (44,695 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 42,391 |  |  | (5,475 | ) |  | 50,501 |  |  | (44,695 | ) |  | 42,722 |
Net loss attributable to noncontrolling interest |  | — |  |  | 331 |  |  | — |  |  | — |  |  | 331 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 42,391 |  |  | $ | (5,806 | ) |  | $ | 50,501 |  |  | $ | (44,695 | ) |  | $ | 42,391 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Three Months Ended March 31, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 195,464 |  |  | $ | 32,433 |  |  | $ | 412,348 |  |  | $ | (27,151 | ) |  | $ | 613,094 |
Cost of goods sold and occupancy |  | 151,868 |  |  | 24,192 |  |  | 268,072 |  |  | (25,495 | ) |  | 418,637 |
Gross profit |  | 43,596 |  |  | 8,241 |  |  | 144,276 |  |  | (1,656 | ) |  | 194,457 |
Selling, general and administrative expenses |  | 41,677 |  |  | 6,532 |  |  | 82,118 |  |  | (1,656 | ) |  | 128,671 |
Operating income (loss) |  | 1,919 |  |  | 1,709 |  |  | 62,158 |  |  | — |  |  | 65,786 |
Interest expense |  | (10,510 | ) |  | (62 | ) |  | (3 | ) |  | — |  |  | (10,575 | )
Interest income |  | 692 |  |  | 1 |  |  | — |  |  | — |  |  | 693 |
Other income |  | 1,108 |  |  | 200 |  |  | 197 |  |  | — |  |  | 1,505 |
Income (loss) before taxes and equity in earnings (losses) of affiliates |  | (6,791 | ) |  | 1,848 |  |  | 62,352 |  |  | — |  |  | 57,409 |
Income tax expense (benefit) |  | (13,753 | ) |  | (1,549 | ) |  | 26,945 |  |  | — |  |  | 11,643 |
Equity in earnings of affiliates |  | 38,272 |  |  | — |  |  | 3,841 |  |  | (42,113 | ) |  | — |
Net income including noncontrolling interest |  | 45,234 |  |  | 3,397 |  |  | 39,248 |  |  | (42,113 | ) |  | 45,766 |
Net income attributable to noncontrolling interest |  | — |  |  | 532 |  |  | — |  |  | — |  |  | 532 |
Net income attributable to Central Garden & Pet Company |  | $ | 45,234 |  |  | $ | 2,865 |  |  | $ | 39,248 |  |  | $ | (42,113 | ) |  | $ | 45,234 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Six Months Ended March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 387,448 |  |  | $ | 58,820 |  |  | $ | 729,644 |  |  | $ | (40,221 | ) |  | $ | 1,135,691 |
Cost of goods sold and occupancy |  | 299,146 |  |  | 52,346 |  |  | 485,547 |  |  | (37,581 | ) |  | 799,458 |
Gross profit |  | 88,302 |  |  | 6,474 |  |  | 244,097 |  |  | (2,640 | ) |  | 336,233 |
Selling, general and administrative expenses |  | 90,800 |  |  | 17,836 |  |  | 157,903 |  |  | (2,640 | ) |  | 263,899 |
Operating income (loss) |  | (2,498 | ) |  | (11,362 | ) |  | 86,194 |  |  | — |  |  | 72,334 |
Interest expense |  | (20,979 | ) |  | (255 | ) |  | (20 | ) |  | — |  |  | (21,254 | )
Interest income |  | 4,783 |  |  | 9 |  |  | — |  |  | — |  |  | 4,792 |
Other income (expense) |  | 342 |  |  | 27 |  |  | (61 | ) |  | — |  |  | 308 |
Income (loss) before taxes and equity in earnings of affiliates |  | (18,352 | ) |  | (11,581 | ) |  | 86,113 |  |  | — |  |  | 56,180 |
Income tax expense (benefit) |  | (3,836 | ) |  | (311 | ) |  | 15,966 |  |  | — |  |  | 11,819 |
Equity in earnings (losses) of affiliates |  | 58,710 |  |  | — |  |  | (1,213 | ) |  | (57,497 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 44,194 |  |  | (11,270 | ) |  | 68,934 |  |  | (57,497 | ) |  | 44,361 |
Net income attributable to noncontrolling interest |  | — |  |  | 167 |  |  | — |  |  | — |  |  | 167 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 44,194 |  |  | $ | (11,437 | ) |  | $ | 68,934 |  |  | $ | (57,497 | ) |  | $ | 44,194 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
|  | Six Months Ended March 31, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 354,525 |  |  | $ | 46,176 |  |  | $ | 698,772 |  |  | $ | (44,368 | ) |  | $ | 1,055,105 |
Cost of goods sold and occupancy |  | 277,347 |  |  | 36,008 |  |  | 457,123 |  |  | (41,667 | ) |  | 728,811 |
Gross profit |  | 77,178 |  |  | 10,168 |  |  | 241,649 |  |  | (2,701 | ) |  | 326,294 |
Selling, general and administrative expenses |  | 78,316 |  |  | 10,437 |  |  | 151,935 |  |  | (2,701 | ) |  | 237,987 |
Operating income (loss) |  | (1,138 | ) |  | (269 | ) |  | 89,714 |  |  | — |  |  | 88,307 |
Interest expense |  | (17,895 | ) |  | (78 | ) |  | (7 | ) |  | — |  |  | (17,980 | )
Interest income |  | 878 |  |  | 2 |  |  | — |  |  | — |  |  | 880 |
Other income (expense) |  | (1,810 | ) |  | 254 |  |  | (28 | ) |  | — |  |  | (1,584 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (19,965 | ) |  | (91 | ) |  | 89,679 |  |  | — |  |  | 69,623 |
Income tax expense (benefit) |  | 672 |  |  | (267 | ) |  | (2,998 | ) |  | — |  |  | (2,593 | )
Equity in earnings of affiliates |  | 92,118 |  |  | — |  |  | 941 |  |  | (93,059 | ) |  | — |
Net income including noncontrolling interest |  | 71,481 |  |  | 176 |  |  | 93,618 |  |  | (93,059 | ) |  | 72,216 |
Net income attributable to noncontrolling interest |  | — |  |  | 735 |  |  | — |  |  | — |  |  | 735 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 71,481 |  |  | $ | (559 | ) |  | $ | 93,618 |  |  | $ | (93,059 | ) |  | $ | 71,481 |
Consolidating Condensed Statements of Comprehensive Income (Loss) |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 42,391 |  |  | $ | (5,475 | ) |  | $ | 50,501 |  |  | $ | (44,695 | ) |  | $ | 42,722 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | 212 |  |  | 127 |  |  | 35 |  |  | (162 | ) |  | 212 |
Total comprehensive income (loss) |  | 42,603 |  |  | (5,348 | ) |  | 50,536 |  |  | (44,857 | ) |  | 42,934 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | 331 |  |  | — |  |  | — |  |  | 331 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 42,603 |  |  | $ | (5,679 | ) |  | $ | 50,536 |  |  | $ | (44,857 | ) |  | $ | 42,603 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended March 31, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 45,234 |  |  | $ | 3,397 |  |  | $ | 39,248 |  |  | $ | (42,113 | ) |  | $ | 45,766 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | 234 |  |  | 206 |  |  | (48 | ) |  | (158 | ) |  | 234 |
Total comprehensive income (loss) |  | 45,468 |  |  | 3,603 |  |  | 39,200 |  |  | (42,271 | ) |  | 46,000 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 532 |  |  | — |  |  | — |  |  | 532 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 45,468 |  |  | $ | 3,071 |  |  | $ | 39,200 |  |  | $ | (42,271 | ) |  | $ | 45,468 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Six Months Ended March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 44,194 |  |  | $ | (11,270 | ) |  | $ | 68,934 |  |  | $ | (57,497 | ) |  | $ | 44,361 |
Other comprehensive loss: |  | — |  |  | — |  |  | — |  |  | — |  |  |  |
Foreign currency translation |  | (62 | ) |  | (2 | ) |  | (60 | ) |  | 62 |  |  | (62 | )
Total comprehensive income (loss) |  | 44,132 |  |  | (11,272 | ) |  | 68,874 |  |  | (57,435 | ) |  | 44,299 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 167 |  |  | — |  |  | — |  |  | 167 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 44,132 |  |  | $ | (11,439 | ) |  | $ | 68,874 |  |  | $ | (57,435 | ) |  | $ | 44,132 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Six Months Ended March 31, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income |  | $ | 71,481 |  |  | $ | 176 |  |  | $ | 93,618 |  |  | $ | (93,059 | ) |  | $ | 72,216 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | 278 |  |  | 249 |  |  | (64 | ) |  | (185 | ) |  | 278 |
Total comprehensive income |  | 71,759 |  |  | 425 |  |  | 93,554 |  |  | (93,244 | ) |  | 72,494 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 735 |  |  | — |  |  | — |  |  | 735 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 71,759 |  |  | $ | (310 | ) |  | $ | 93,554 |  |  | $ | (93,244 | ) |  | $ | 71,759 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 322,149 |  |  | $ | 6,354 |  |  | $ | 1,221 |  |  | $ | — |  |  | $ | 329,724 |
Restricted cash |  | 10,888 |  |  | — |  |  | 5,227 |  |  | — |  |  | 16,115 |
Accounts receivable, net |  | 134,251 |  |  | 22,844 |  |  | 299,034 |  |  | — |  |  | 456,129 |
Inventories |  | 138,778 |  |  | 46,035 |  |  | 332,345 |  |  | — |  |  | 517,158 |
Prepaid expenses and other |  | 8,355 |  |  | 1,386 |  |  | 23,420 |  |  | — |  |  | 33,161 |
Total current assets |  | 614,421 |  |  | 76,619 |  |  | 661,247 |  |  | — |  |  | 1,352,287 |
Land, buildings, improvements and equipment, net |  | 29,701 |  |  | 36,180 |  |  | 151,657 |  |  | — |  |  | 217,538 |
Goodwill |  | 20,578 |  |  | 7,414 |  |  | 253,185 |  |  | — |  |  | 281,177 |
Other long-term assets |  | 47,512 |  |  | 6,273 |  |  | 147,035 |  |  | (5,682 | ) |  | 195,138 |
Intercompany receivable |  | 59,152 |  |  | — |  |  | 680,937 |  |  | (740,089 | ) |  | — |
Investment in subsidiaries |  | 1,688,163 |  |  | — |  |  | — |  |  | (1,688,163 | ) |  | — |
Total |  | $ | 2,459,527 |  |  | $ | 126,486 |  |  | $ | 1,894,061 |  |  | $ | (2,433,934 | ) |  | $ | 2,046,140 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 41,488 |  |  | $ | 21,833 |  |  | $ | 94,275 |  |  | $ | — |  |  | $ | 157,596 |
Accrued expenses |  | 55,181 |  |  | 6,200 |  |  | 75,032 |  |  | — |  |  | 136,413 |
Current portion of long-term debt |  | 119 |  |  | — |  |  | 5,000 |  |  | — |  |  | 5,119 |
Total current liabilities |  | 96,788 |  |  | 28,033 |  |  | 174,307 |  |  | — |  |  | 299,128 |
Long-term debt |  | 692,459 |  |  | — |  |  | 187 |  |  | — |  |  | 692,646 |
Intercompany payable |  | 662,927 |  |  | 77,163 |  |  | — |  |  | (740,090 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 26,248 |  |  | (26,248 | ) |  | — |
Other long-term obligations |  | 8,604 |  |  | — |  |  | 52,142 |  |  | (5,682 | ) |  | 55,064 |
Total Central Garden & Pet shareholders’ equity |  | 998,749 |  |  | 20,737 |  |  | 1,641,177 |  |  | (1,661,914 | ) |  | 998,749 |
Noncontrolling interest |  |  |  |  | 553 |  |  | — |  |  |  |  |  | 553 |
Total equity |  | 998,749 |  |  | 21,290 |  |  | 1,641,177 |  |  | (1,661,914 | ) |  | 999,302 |
Total |  | $ | 2,459,527 |  |  | $ | 126,486 |  |  | $ | 1,894,061 |  |  | $ | (2,433,934 | ) |  | $ | 2,046,140 |
Consolidating Condensed Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 322,149 |  |  | $ | 6,354 |  |  | $ | 1,221 |  |  | $ | — |  |  | $ | 329,724 |
Restricted cash |  | 10,888 |  |  | — |  |  | 5,227 |  |  | — |  |  | 16,115 |
Accounts receivable, net |  | 134,251 |  |  | 22,844 |  |  | 299,034 |  |  | — |  |  | 456,129 |
Inventories |  | 138,778 |  |  | 46,035 |  |  | 332,345 |  |  | — |  |  | 517,158 |
Prepaid expenses and other |  | 8,355 |  |  | 1,386 |  |  | 23,420 |  |  | — |  |  | 33,161 |
Total current assets |  | 614,421 |  |  | 76,619 |  |  | 661,247 |  |  | — |  |  | 1,352,287 |
Land, buildings, improvements and equipment, net |  | 29,701 |  |  | 36,180 |  |  | 151,657 |  |  | — |  |  | 217,538 |
Goodwill |  | 20,578 |  |  | 7,414 |  |  | 253,185 |  |  | — |  |  | 281,177 |
Other long-term assets |  | 47,512 |  |  | 6,273 |  |  | 147,035 |  |  | (5,682 | ) |  | 195,138 |
Intercompany receivable |  | 59,152 |  |  | — |  |  | 680,937 |  |  | (740,089 | ) |  | — |
Investment in subsidiaries |  | 1,688,163 |  |  | — |  |  | — |  |  | (1,688,163 | ) |  | — |
Total |  | $ | 2,459,527 |  |  | $ | 126,486 |  |  | $ | 1,894,061 |  |  | $ | (2,433,934 | ) |  | $ | 2,046,140 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 41,488 |  |  | $ | 21,833 |  |  | $ | 94,275 |  |  | $ | — |  |  | $ | 157,596 |
Accrued expenses |  | 55,181 |  |  | 6,200 |  |  | 75,032 |  |  | — |  |  | 136,413 |
Current portion of long-term debt |  | 119 |  |  | — |  |  | 5,000 |  |  | — |  |  | 5,119 |
Total current liabilities |  | 96,788 |  |  | 28,033 |  |  | 174,307 |  |  | — |  |  | 299,128 |
Long-term debt |  | 692,459 |  |  | — |  |  | 187 |  |  | — |  |  | 692,646 |
Intercompany payable |  | 662,927 |  |  | 77,163 |  |  | — |  |  | (740,090 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 26,248 |  |  | (26,248 | ) |  | — |
Other long-term obligations |  | 8,604 |  |  | — |  |  | 52,142 |  |  | (5,682 | ) |  | 55,064 |
Total Central Garden & Pet shareholders’ equity |  | 998,749 |  |  | 20,737 |  |  | 1,641,177 |  |  | (1,661,914 | ) |  | 998,749 |
Noncontrolling interest |  |  |  |  | 553 |  |  | — |  |  |  |  |  | 553 |
Total equity |  | 998,749 |  |  | 21,290 |  |  | 1,641,177 |  |  | (1,661,914 | ) |  | 999,302 |
Total |  | $ | 2,459,527 |  |  | $ | 126,486 |  |  | $ | 1,894,061 |  |  | $ | (2,433,934 | ) |  | $ | 2,046,140 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | March 31, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 123,840 |  |  | $ | 7,170 |  |  | $ | 1,255 |  |  | $ | — |  |  | $ | 132,265 |
Restricted cash |  | 13,948 |  |  | — |  |  | — |  |  | — |  |  | 13,948 |
Accounts receivable, net |  | 132,218 |  |  | 19,938 |  |  | 242,995 |  |  | — |  |  | 395,151 |
Inventories |  | 137,108 |  |  | 43,438 |  |  | 284,976 |  |  | — |  |  | 465,522 |
Prepaid expenses and other |  | 6,157 |  |  | 2,086 |  |  | 18,434 |  |  | — |  |  | 26,677 |
Total current assets |  | 413,271 |  |  | 72,632 |  |  | 547,660 |  |  | — |  |  | 1,033,563 |
Land, buildings, improvements and equipment, net |  | 35,314 |  |  | 34,632 |  |  | 140,617 |  |  | — |  |  | 210,563 |
Goodwill |  | 15,058 |  |  | — |  |  | 253,185 |  |  | — |  |  | 268,243 |
Other long-term assets |  | 56,612 |  |  | 14,642 |  |  | 132,916 |  |  | (12,576 | ) |  | 191,594 |
Intercompany receivable |  | 54,117 |  |  | — |  |  | 610,760 |  |  | (664,877 | ) |  | — |
Investment in subsidiaries |  | 1,539,309 |  |  | — |  |  | — |  |  | (1,539,309 | ) |  | — |
Total |  | $ | 2,113,681 |  |  | $ | 121,906 |  |  | $ | 1,685,138 |  |  | $ | (2,216,762 | ) |  | $ | 1,703,963 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 48,659 |  |  | $ | 19,752 |  |  | $ | 82,564 |  |  | $ | — |  |  | $ | 150,975 |
Accrued expenses |  | 63,951 |  |  | 5,303 |  |  | 47,160 |  |  | — |  |  | 116,414 |
Current portion of long-term debt |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Total current liabilities |  | 112,610 |  |  | 25,055 |  |  | 129,744 |  |  | — |  |  | 267,409 |
Long-term debt |  | 690,947 |  |  | — |  |  | 137 |  |  |  |  |  | 691,084 |
Intercompany payable |  | 597,619 |  |  | 67,258 |  |  | — |  |  | (664,877 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 25,228 |  |  | (25,228 | ) |  | — |
Other long-term obligations |  | 7,997 |  |  | — |  |  | 44,947 |  |  | (12,576 | ) |  | 40,368 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 704,508 |  |  | 28,999 |  |  | 1,485,082 |  |  | (1,514,081 | ) |  | 704,508 |
Noncontrolling interest |  | — |  |  | 594 |  |  | — |  |  | — |  |  | 594 |
Total equity |  | 704,508 |  |  | 29,593 |  |  | 1,485,082 |  |  | (1,514,081 | ) |  | 705,102 |
Total |  | $ | 2,113,681 |  |  | $ | 121,906 |  |  | $ | 1,685,138 |  |  | $ | (2,216,762 | ) |  | $ | 1,703,963 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | September 29, 2018
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 474,210 |  |  | $ | 6,005 |  |  | $ | 1,891 |  |  | $ | — |  |  | $ | 482,106 |
Restricted cash |  | 10,899 |  |  | — |  |  | — |  |  | — |  |  | 10,899 |
Accounts receivable, net |  | 94,657 |  |  | 9,647 |  |  | 171,604 |  |  | — |  |  | 275,908 |
Inventories |  | 123,178 |  |  | 32,556 |  |  | 272,089 |  |  | — |  |  | 427,823 |
Prepaid expenses and other assets |  | 6,304 |  |  | 1,455 |  |  | 12,803 |  |  | — |  |  | 20,562 |
Total current assets |  | 709,248 |  |  | 49,663 |  |  | 458,387 |  |  | — |  |  | 1,217,298 |
Land, buildings, improvements and equipment, net |  | 33,484 |  |  | 33,840 |  |  | 150,323 |  |  | — |  |  | 217,647 |
Goodwill |  | 20,578 |  |  | 7,414 |  |  | 253,185 |  |  | — |  |  | 281,177 |
Other long-term assets |  | 62,199 |  |  | 7,469 |  |  | 133,145 |  |  | (11,726 | ) |  | 191,087 |
Intercompany receivable |  | 40,365 |  |  | — |  |  | 769,886 |  |  | (810,251 | ) |  | — |
Investment in subsidiaries |  | 1,618,378 |  |  | — |  |  | — |  |  | (1,618,378 | ) |  | — |
Total |  | $ | 2,484,252 |  |  | $ | 98,386 |  |  | $ | 1,764,926 |  |  | $ | (2,440,355 | ) |  | $ | 1,907,209 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 33,122 |  |  | $ | 4,759 |  |  | $ | 72,378 |  |  | $ | — |  |  | $ | 110,259 |
Accrued expenses and other liabilities |  | 44,142 |  |  | 4,746 |  |  | 53,695 |  |  | — |  |  | 102,583 |
Current portion of long term debt |  | 116 |  |  | — |  |  | 6 |  |  | — |  |  | 122 |
Total current liabilities |  | 77,380 |  |  | 9,505 |  |  | 126,079 |  |  | — |  |  | 212,964 |
Long-term debt |  | 691,869 |  |  | — |  |  | 162 |  |  | — |  |  | 692,031 |
Intercompany payable |  | 753,933 |  |  | 56,318 |  |  | — |  |  | (810,251 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 25,036 |  |  | (25,036 | ) |  | — |
Other long-term obligations |  | 8,621 |  |  | — |  |  | 52,485 |  |  | (11,726 | ) |  | 49,380 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 952,449 |  |  | 32,178 |  |  | 1,561,164 |  |  | (1,593,342 | ) |  | 952,449 |
Noncontrolling interest |  | — |  |  | 385 |  |  | — |  |  | — |  |  | 385 |
Total equity |  | 952,449 |  |  | 32,563 |  |  | 1,561,164 |  |  | (1,593,342 | ) |  | 952,834 |
Total |  | $ | 2,484,252 |  |  | $ | 98,386 |  |  | $ | 1,764,926 |  |  | $ | (2,440,355 | ) |  | $ | 1,907,209 |
Consolidating Condensed Statement of Cash Flows |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Six Months Ended March 30, 2019
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | (23,565 | ) |  | $ | (17,128 | ) |  | $ | (38,626 | ) |  | $ | — |  |  | $ | (79,319 | )
Additions to property and equipment |  | (1,716 | ) |  | (3,350 | ) |  | (9,236 | ) |  | — |  |  | (14,302 | )
Payments to acquire companies, net of cash acquired |  | (11,137 | ) |  | — |  |  | — |  |  | — |  |  | (11,137 | )
Investments |  | (1,749 | ) |  | — |  |  | — |  |  | — |  |  | (1,749 | )
Other investing activities |  | (368 | ) |  | — |  |  | — |  |  | — |  |  | (368 | )
Intercompany investing activities |  | (18,788 | ) |  | — |  |  | 88,949 |  |  | (70,161 | ) |  | — |
Net cash (used) provided by investing activities |  | (33,758 | ) |  | (3,350 | ) |  | 79,713 |  |  | (70,161 | ) |  | (27,556 | )
Repayments of long-term debt |  | (3 | ) |  | — |  |  | (36,463 | ) |  | — |  |  | (36,466 | )
Repurchase of common stock |  | (3,739 | ) |  | — |  |  | — |  |  | — |  |  | (3,739 | )
Payment of contingent consideration liability |  | — |  |  | — |  |  | (66 | ) |  | — |  |  | (66 | )
Intercompany financing activities |  | (91,005 | ) |  | 20,844 |  |  | — |  |  | 70,161 |  |  | — |
Net cash provided (used) by financing activities |  | (94,747 | ) |  | 20,844 |  |  | (36,529 | ) |  | 70,161 |  |  | (40,271 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash |  | (2 | ) |  | (17 | ) |  | (1 | ) |  | — |  |  | (20 | )
Net increase (decrease) in cash, cash equivalents and restricted cash |  | (152,072 | ) |  | 349 |  |  | 4,557 |  |  | — |  |  | (147,166 | )
Cash, cash equivalents and restricted cash at beginning of period |  | 485,109 |  |  | 6,005 |  |  | 1,891 |  |  | — |  |  | 493,005 |
Cash, cash equivalents and restricted cash at end of period |  | $ | 333,037 |  |  | $ | 6,354 |  |  | $ | 6,448 |  |  | $ | — |  |  | $ | 345,839 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Six Months Ended March 31, 2018
|  | (in thousands)
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | (36,868 | ) |  | $ | (11,840 | ) |  | $ | (38,863 | ) |  | $ | (6,387 | ) |  | $ | (93,958 | )
Additions to property, plant and equipment |  | (4,923 | ) |  | (494 | ) |  | (12,149 | ) |  | — |  |  | (17,566 | )
Payments to acquire companies, net of cash acquired |  | (63,372 | ) |  | — |  |  | — |  |  | — |  |  | (63,372 | )
Investments |  | (6,555 | ) |  | — |  |  | — |  |  | — |  |  | (6,555 | )
Other investing activities |  | (2,180 | ) |  | — |  |  | — |  |  | — |  |  | (2,180 | )
Intercompany investing activities |  | (17,512 | ) |  | — |  |  | 51,377 |  |  | (33,865 | ) |  | — |
Net cash (used) provided by investing activities |  | (94,542 | ) |  | (494 | ) |  | 39,228 |  |  | (33,865 | ) |  | (89,673 | )
Repayments under revolving line of credit |  | (23,000 | ) |  | — |  |  | — |  |  | — |  |  | (23,000 | )
Borrowings under revolving line of credit |  | 23,000 |  |  | — |  |  | — |  |  | — |  |  | 23,000 |
Repayments of long-term debt |  | — |  |  | — |  |  | (360 | ) |  | — |  |  | (360 | )
Issuance of long-term debt |  | 300,000 |  |  | — |  |  | — |  |  | — |  |  | 300,000 |
Payment of financing costs |  | (4,765 | ) |  | — |  |  | — |  |  | — |  |  | (4,765 | )
Repurchase of common stock |  | (8,473 | ) |  | — |  |  | — |  |  | — |  |  | (8,473 | )
Distribution to parent |  | — |  |  | (6,387 | ) |  | — |  |  | 6,387 |  |  | — |
Distribution to noncontrolling interest |  | — |  |  | (1,597 | ) |  | — |  |  | — |  |  | (1,597 | )
Payment of contingent consideration |  | — |  |  | — |  |  | (123 | ) |  | — |  |  | (123 | )
Intercompany financing activities |  | (49,789 | ) |  | 15,924 |  |  | — |  |  | 33,865 |  |  | — |
Net cash provided (used) by financing activities |  | 236,973 |  |  | 7,940 |  |  | (483 | ) |  | 40,252 |  |  | 284,682 |
Effect of exchange rates on cash, cash equivalents and restricted cash |  | 342 |  |  | (129 | ) |  | (93 | ) |  | — |  |  | 120 |
Net increase (decrease) in cash, cash equivalents and restricted cash |  | 105,905 |  |  | (4,523 | ) |  | (211 | ) |  | — |  |  | 101,171 |
Cash, cash equivalents and restricted cash at beginning of period |  | 31,883 |  |  | 11,693 |  |  | 1,466 |  |  | — |  |  | 45,042 |
Cash, cash equivalents and restricted cash at end of period |  | $ | 137,788 |  |  | $ | 7,170 |  |  | $ | 1,255 |  |  | $ | — |  |  | $ | 146,213 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration