XML 45 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisitions and Investments in Joint Ventures (Tables) | 12 Months Ended
--- | ---
Sep. 25, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recording of Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
| Amounts Previously Recognized as of Acquisition Date (1) |  | Measurement Period Adjustments |  | Amounts Recognized as of Acquisition Date (as Adjusted)
| (in thousands)
Current assets, net of cash and cash equivalents acquired | $ | 3,922 |  |  | $ | — |  |  | $ | 3,922 |
Fixed assets | 3,047 |  |  | — |  |  | 3,047 |
Goodwill | — |  |  | 68,512 |  |  | 68,512 |
Other assets | 80,412 |  |  | (80,412) |  |  | — |
Other intangible assets, net | — |  |  | 11,900 |  |  | 11,900 |
Current liabilities | (6,446) |  |  | — |  |  | (6,446) |
Net assets acquired, less cash and cash equivalents | $ | 80,935 |  |  | $ | — |  |  | $ | 80,935 |
(1) As previously reported in the Company's Form 10-Q for the period ended June 26, 2021.The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
| Amounts Previously Recognized as of Acquisition Date (1) |  | Measurement Period Adjustments |  | Amounts Recognized as of Acquisition Date (as Adjusted)
| (in thousands)
Current assets, net of cash and cash equivalents acquired | $ | 39,046 |  |  | $ | 3,742 |  |  | $ | 42,788 |
Fixed assets | 31,940 |  |  | (326) |  |  | 31,614 |
Goodwill | — |  |  | 10,924 |  |  | 10,924 |
Other assets | 18,470 |  |  | (18,470) |  |  | — |
Other intangible assets, net | — |  |  | 4,130 |  |  | 4,130 |
Current liabilities | (6,767) |  |  | — |  |  | (6,767) |
Other long-term liabilities | (1,301) |  |  | — |  |  | (1,301) |
Net assets acquired, less cash and cash equivalents | $ | 81,388 |  |  | $ | — |  |  | $ | 81,388 |
(1) As previously reported in the Company's Form 10-Q for the period ended June 26, 2021. The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
| Amounts Previously Recognized as of Acquisition Date (1) |  | Measurement Period Adjustments |  | Amounts Recognized as of Acquisition Date (as Adjusted)
| (in thousands)
Current assets, net of cash and cash equivalents acquired | $ | 9,794 |  |  | $ | 441 |  |  | $ | 10,235 |
Fixed assets | 23,743 |  |  | (3,786) |  |  | 19,957 |
Goodwill | — |  |  | 3,878 |  |  | 3,878 |
Other assets | 5,081 |  |  | (3,242) |  |  | 1,839 |
Other intangible assets, net | — |  |  | 2,810 |  |  | 2,810 |
Current liabilities | (2,137) |  |  | — |  |  | (2,137) |
Long-term obligations | (6,457) |  |  | (101) |  |  | (6,558) |
Net assets acquired, less cash and cash equivalents | $ | 30,024 |  |  | $ | — |  |  | $ | 30,024 |
(1) As previously reported in the Company's Form 10-Q for the period ended December 28, 2019.The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
| Amounts Previously Recognized as of Acquisition Date (1) |  | Measurement Period Adjustments |  | Amounts Recognized as of Acquisition Date (as Adjusted)
| (in thousands)
Current assets, net of cash and cash equivalents acquired | $ | 51,211 |  |  | $ | 1,540 |  |  | $ | 52,751 |
Fixed assets | 6,311 |  |  | 5,376 |  |  | 11,687 |
Other Assets | 14,868 |  |  | (14,868) |  |  | — |
Goodwill | — |  |  | 4,900 |  |  | 4,900 |
Intangible assets | — |  |  | 10,930 |  |  | 10,930 |
Current liabilities | (19,853) |  |  | — |  |  | (19,853) |
Short-term debt | (22,000) |  |  | — |  |  | (22,000) |
Long-term debt | (19,400) |  |  | — |  |  | (19,400) |
Fair value of the Company's initial investment | — |  |  | (7,878) |  |  | (7,878) |
Net assets acquired, less cash and cash equivalents | $ | 11,137 |  |  | $ | — |  |  | $ | 11,137 |
(1) As previously reported in the Company's Form 10-Q for the periods ended March 30, 2019 and June 29, 2019.
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information summarizes the combined results of operations for Central and Green Garden Products as if the companies were combined as of the beginning of fiscal year 2020.
|  |  | Fiscal Year Ended
|  |  | September 25, 2021 | September 26, 2020
|  | in thousands except per share amounts
Net sales |  |  | $ | 3,357,977 |  | $ | 2,850,678 |
Net income attributable to Central Garden & Pet Company |  |  | $ | 175,508 |  | $ | 146,277 |
Diluted net income per share attributable to Central Garden & Pet Company |  |  | $ | 3.18 |  | $ | 2.67 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration