XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information | 9 Months Ended
--- | ---
Jun. 26, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information Management has determined that the Company has two operating segments, which are also reportable segments based on the level at which the Chief Operating Decision Maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are the Pet segment and the Garden segment and are presented in the table below. During the first quarter of fiscal year 2021, the Company began reporting the results of its outdoor cushion operations in the Pet segment as a result of a change in internal management reporting lines due to potential synergies in sourcing, manufacturing and innovation and to be consistent with the reporting of financial information used to assess performance and allocate resources. These operations were previously reported in the Garden segment and are now managed and reported in the Pet segment. All prior period segment disclosures have been recast to reflect this segment change.
|  | Three Months Ended |  | Nine Months Ended
|  | June 26, 2021 |  | June 27, 2020 |  | June 26, 2021 |  | June 27, 2020
|  | (in thousands)
Net sales: |  |  |  |  |  |  |  |
Pet segment |  | $ | 507,788 |  |  | $ | 461,567 |  |  | $ | 1,436,170 |  |  | $ | 1,233,686 |
Garden segment |  | 529,287 |  |  | 371,916 |  |  | $ | 1,128,387 |  |  | 785,854 |
Total net sales |  | $ | 1,037,075 |  |  | $ | 833,483 |  |  | $ | 2,564,557 |  |  | $ | 2,019,540 |
Operating Income |  |  |  |  |  |  |  |
Pet segment |  | 71,021 |  |  | 63,606 |  |  | 176,604 |  |  | 135,819 |
Garden segment |  | 67,037 |  |  | 64,941 |  |  | 137,650 |  |  | 101,219 |
Corporate |  | (24,817) |  |  | (23,907) |  |  | (69,363) |  |  | (64,228) |
Total operating income |  | 113,241 |  |  | 104,640 |  |  | 244,891 |  |  | 172,810 |
Interest expense - net |  | (13,086) |  |  | (11,471) |  |  | (44,006) |  |  | (29,444) |
Other income (expense) |  | (1,086) |  |  | (3,541) |  |  | 370 |  |  | (4,215) |
Income tax expense |  | 22,315 |  |  | 20,291 |  |  | 45,260 |  |  | 31,211 |
Income including noncontrolling interest |  | 76,754 |  |  | 69,337 |  |  | 155,995 |  |  | 107,940 |
Net income attributable to noncontrolling interest |  | 568 |  |  | 537 |  |  | 1,242 |  |  | 853 |
Net income attributable to Central Garden & Pet Company |  | $ | 76,186 |  |  | $ | 68,800 |  |  | $ | 154,753 |  |  | $ | 107,087 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Pet segment |  | $ | 8,960 |  |  | $ | 9,249 |  |  | $ | 26,927 |  |  | $ | 27,491 |
Garden segment |  | 10,808 |  |  | 2,663 |  |  | 22,250 |  |  | 7,971 |
Corporate |  | 1,222 |  |  | 1,371 |  |  | 3,582 |  |  | 4,136 |
Total depreciation and amortization |  | $ | 20,990 |  |  | $ | 13,283 |  |  | $ | 52,759 |  |  | $ | 39,598 |
|  | June 26, 2021 |  | June 27, 2020 |  | September 26, 2020
|  | (in thousands)
Assets: |  |  |  |  |  |
Pet segment |  | $ | 976,189 |  |  | $ | 894,454 |  |  | $ | 877,901 |
Garden segment |  | 1,328,664 |  |  | 551,741 |  |  | 481,401 |
Corporate |  | 818,651 |  |  | 817,774 |  |  | 980,062 |
Total assets |  | $ | 3,123,504 |  |  | $ | 2,263,969 |  |  | $ | 2,339,364 |
Goodwill (included in corporate assets above): |  |  |  |  |  |
Pet segment |  | $ | 277,067 |  |  | $ | 276,966 |  |  | $ | 277,067 |
Garden segment |  | 12,888 |  |  | 12,888 |  |  | 12,888 |
Total goodwill |  | $ | 289,955 |  |  | $ | 289,854 |  |  | $ | 289,955 |
The tables below presents the Company's disaggregated revenues by segment:
|  | Three Months Ended June 26, 2021 |  | Nine Months Ended June 26, 2021
|  | Pet Segment |  | Garden Segment |  | Total |  | Pet Segment |  | Garden Segment |  | Total
|  | (in millions) |  | (in millions)
Other pet products |  | $ | 277.5 |  |  | $ | — |  |  | $ | 277.5 |  |  | $ | 719.4 |  |  | $ | — |  |  | $ | 719.4 |
Dog and cat products |  | 131.9 |  |  | — |  |  | 131.9 |  |  | 420.6 |  |  | — |  |  | 420.6 |
Other manufacturers' products |  | 98.4 |  |  | 126.0 |  |  | 224.4 |  |  | 296.2 |  |  | 274.9 |  |  | 571.1 |
Garden controls and fertilizer products |  | — |  |  | 92.3 |  |  | 92.3 |  |  | — |  |  | 253.1 |  |  | 253.1 |
Other garden supplies |  | — |  |  | 311.0 |  |  | 311.0 |  |  | — |  |  | 600.4 |  |  | 600.4 |
Total |  | $ | 507.8 |  |  | $ | 529.3 |  |  | $ | 1,037.1 |  |  | $ | 1,436.2 |  |  | $ | 1,128.4 |  |  | $ | 2,564.6 |
|  | Three Months Ended June 27, 2020 |  | Nine Months Ended June 27, 2020
|  | Pet Segment |  | Garden Segment |  | Total |  | Pet Segment |  | Garden Segment |  | Total
|  | (in millions) |  | (in millions)
Other pet products |  | $ | 254.6 |  |  | $ | — |  |  | $ | 254.6 |  |  | $ | 613.9 |  |  | $ | — |  |  | $ | 613.9 |
Dog and cat products |  | 117.0 |  |  | — |  |  | 117.0 |  |  | 358.8 |  |  | — |  |  | 358.8 |
Other manufacturers' products |  | 90.0 |  |  | 90.1 |  |  | 180.1 |  |  | 261.0 |  |  | 182.2 |  |  | 443.2 |
Garden controls and fertilizer products |  | — |  |  | 100.3 |  |  | 100.3 |  |  | — |  |  | 234.2 |  |  | 234.2 |
Other garden supplies |  | — |  |  | 181.5 |  |  | 181.5 |  |  | — |  |  | 369.4 |  |  | 369.4 |
Total |  | $ | 461.6 |  |  | $ | 371.9 |  |  | $ | 833.5 |  |  | $ | 1,233.7 |  |  | $ | 785.9 |  |  | $ | 2,019.5 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration