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Segment Information (Tables) | 9 Months Ended
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Jun. 25, 2022
Segment Reporting [Abstract] |
Schedule of Financial Information Relating to Company's Business Segments | These operating segments are the Pet segment and the Garden segment and are presented in the table below.
|  | Three Months Ended |  | Nine Months Ended
|  | June 25, 2022 |  | June 26, 2021 |  | June 25, 2022 |  | June 26, 2021
|  | (in thousands)
Net sales: |  |  |  |  |  |  |  |
Pet segment |  | $ | 504,781 |  |  | $ | 507,788 |  |  | $ | 1,438,423 |  |  | $ | 1,436,170 |
Garden segment |  | 510,597 |  |  | 529,287 |  |  | 1,192,723 |  |  | 1,128,387 |
Total net sales |  | $ | 1,015,378 |  |  | $ | 1,037,075 |  |  | $ | 2,631,146 |  |  | $ | 2,564,557 |
Operating Income |  |  |  |  |  |  |  |
Pet segment |  | 62,616 |  |  | 71,021 |  |  | 168,512 |  |  | 176,604 |
Garden segment |  | 75,564 |  |  | 67,037 |  |  | 152,132 |  |  | 137,650 |
Corporate |  | (24,101) |  |  | (24,817) |  |  | (73,506) |  |  | (69,363) |
Total operating income |  | 114,079 |  |  | 113,241 |  |  | 247,138 |  |  | 244,891 |
Interest expense - net |  | (14,335) |  |  | (13,086) |  |  | (43,445) |  |  | (44,006) |
Other income (expense) |  | (759) |  |  | (1,086) |  |  | (1,337) |  |  | 370 |
Income tax expense |  | 23,430 |  |  | 22,315 |  |  | 47,319 |  |  | 45,260 |
Income including noncontrolling interest |  | 75,555 |  |  | 76,754 |  |  | 155,037 |  |  | 155,995 |
Net income attributable to noncontrolling interest |  | 135 |  |  | 568 |  |  | 895 |  |  | 1,242 |
Net income attributable to Central Garden & Pet Company |  | $ | 75,420 |  |  | $ | 76,186 |  |  | $ | 154,142 |  |  | $ | 154,753 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Pet segment |  | $ | 9,791 |  |  | $ | 8,960 |  |  | $ | 28,879 |  |  | $ | 26,927 |
Garden segment |  | 9,118 |  |  | 10,808 |  |  | 26,457 |  |  | 22,250 |
Corporate |  | 975 |  |  | 1,222 |  |  | 2,997 |  |  | 3,582 |
Total depreciation and amortization |  | $ | 19,884 |  |  | $ | 20,990 |  |  | $ | 58,333 |  |  | $ | 52,759 |
|  | June 25, 2022 |  | June 26, 2021 |  | September 25, 2021
|  | (in thousands)
Assets: |  |  |  |  |  |
Pet segment |  | $ | 1,098,886 |  |  | $ | 976,189 |  |  | $ | 966,437 |
Garden segment |  | 1,498,856 |  |  | 1,328,664 |  |  | 1,313,899 |
Corporate |  | 748,184 |  |  | 818,651 |  |  | 836,344 |
Total assets |  | $ | 3,345,926 |  |  | $ | 3,123,504 |  |  | $ | 3,116,680 |
Goodwill (included in corporate assets above): |  |  |  |  |  |
Pet segment |  | $ | 277,067 |  |  | $ | 277,067 |  |  | $ | 277,067 |
Garden segment |  | 234,906 |  |  | 12,888 |  |  | 92,324 |
Total goodwill |  | $ | 511,973 |  |  | $ | 289,955 |  |  | $ | 369,391 |
The tables below presents the Company's disaggregated revenues by segment:
|  | Three Months Ended June 25, 2022 |  | Nine Months Ended June 25, 2022
|  | Pet Segment |  | Garden Segment |  | Total |  | Pet Segment |  | Garden Segment |  | Total
|  | (in millions) |  | (in millions)
Other pet products |  | $ | 233.3 |  |  | $ | — |  |  | $ | 233.3 |  |  | $ | 610.5 |  |  | $ | — |  |  | $ | 610.5 |
Dog and cat products |  | 122.5 |  |  | — |  |  | 122.5 |  |  | 396.7 |  |  | — |  |  | 396.7 |
Other manufacturers' products |  | 102.4 |  |  | 112.7 |  |  | 215.1 |  |  | 305.5 |  |  | 257.5 |  |  | 563.0 |
Wild bird products |  | 46.6 |  |  | 79.4 |  |  | 126.0 |  |  | 125.7 |  |  | 207.0 |  |  | 332.7 |
Other garden supplies |  | — |  |  | 318.5 |  |  | 318.5 |  |  | — |  |  | 728.2 |  |  | 728.2 |
Total |  | $ | 504.8 |  |  | $ | 510.6 |  |  | $ | 1,015.4 |  |  | $ | 1,438.4 |  |  | $ | 1,192.7 |  |  | $ | 2,631.1 |
|  | 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 |  | $ | 234.7 |  |  | $ | — |  |  | $ | 234.7 |  |  | $ | 591.1 |  |  | $ | — |  |  | $ | 591.1 |
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 |
Wild bird products |  | 42.8 |  |  | 47.3 |  |  | 90.1 |  |  | 128.3 |  |  | 121.9 |  |  | 250.2 |
Other garden supplies |  | — |  |  | 356.0 |  |  | 356.0 |  |  | — |  |  | 731.6 |  |  | 731.6 |
Total |  | $ | 507.8 |  |  | $ | 529.3 |  |  | $ | 1,037.1 |  |  | $ | 1,436.2 |  |  | $ | 1,128.4 |  |  | $ | 2,564.6 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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